此外，2025年12月以来，化工行业迎来一场"全球性涨价潮"，巴斯夫、陶氏、亨斯迈等全球化工巨头同步在欧洲、亚洲、中东等多个区域密集提价。 连云港市发改委监测数据显示，近一个月化工产品价格呈现"涨多跌少" 的整体态势，以1月15日监测数据为例，监测的16个化工产品价格"11涨4降1平"。上 涨最多的品种是合成橡胶，涨幅为11.7%。 另据生意社监测数据，2025年，硫黄、硫酸、溴素分别大涨116.5%、111.86%、64.84%。 国海证券表示，反内卷有望重估中国化工行业，后续措施有望使全球化工行业产能扩张大幅放缓。中国化工行业具有充沛的经营活动现金流量净额，一旦扩 张放缓，潜在股息率将大幅提升，有望实现从吞金兽到摇钱树的转变。重点关注石油化工、煤化工、有机硅、磷化工、草甘膦等。 1月20日早盘，A股震荡调整，上证指数盘中一度跌破4100点，深证成指回试14000点支撑，创业板指跌破3300点，科创50也失守1500点。下跌个股远多于上 涨个股，成交保持平稳。 盘面上，化工产业链早间全线上涨，聚氨酯方向领涨，板块指数逆市高开高走，放量大涨逾2%，创历史新高。沧州大化连续第2日涨停，红宝丽盘中垂直拉 涨停，新 ...

化工产业链早间全线上涨，个股出现涨停潮，江天化学(300927)直线20%封板。 1月20日早盘，A股震荡调整，上证指数盘中一度跌破4100点，深证成指回试14000点支撑，创业板指跌破3300点，科创50也失守1500点。下跌个股 远多于上涨个股，成交保持平稳。 盘面上，房地产服务、航空机场、石油化工、白色家电等板块相对活跃，航天装备、玻璃玻纤、光伏设备、稀有金属等板块跌幅居前。 中银证券认为，流动性安全、重仓高能级城市、产品力突出的房企或更具备α属性。在新消费时代下，提前布局新业态、新模式、新场景的商业地 产公司，有望率先走出重围。 化工品掀涨价潮 化工产业链早间也全线上涨，聚氨酯方向领涨，板块指数逆市高开高走，放量大涨逾2%，创历史新高。沧州大化连续第2日涨停，红宝丽盘中垂直 拉涨停，新乡化纤临近午间收盘触及涨停，卫星化学、泰和新材等涨幅居前。 房地产行业早间集体走强，房地产服务方向领涨，板块指数一度逆市大涨逾5%，开盘不到1小时成交就超过昨日全天成交。我爱我家临近午间收盘 直线涨停，招商积余、特发服务、世联行等涨幅居前。 水泥、装饰建材、租购同权、绿色建筑等相关板块也纷纷逆市上扬，大悦城、红棉股份、城 ...

Market Overview - The three major stock indices in Shanghai and Shenzhen opened lower on November 3, with the Shenzhen Component Index dropping as much as 1.64% and the ChiNext Index down 2.09% at one point. However, the Shanghai Composite Index turned positive during the morning session, while both the Shenzhen Component and ChiNext indices rebounded in the afternoon [1] - By the end of the trading day, the Shanghai Composite Index closed at 3976.52 points, up 0.55%, with a trading volume of approximately 941.7 billion yuan. The Shenzhen Component Index closed at 13404.06 points, up 0.19%, with a trading volume of about 1165.4 billion yuan. The ChiNext Index ended at 3196.87 points, up 0.29%, with a trading volume of around 540.4 billion yuan [1] Sector Performance - The sectors that performed well included dispersed dyes, Hainan, internet, media and entertainment, short drama games, combustible ice, Sora concept, steel, shipbuilding, TOPCon batteries, marine economy, and nuclear power, all showing significant increases [1] - Conversely, sectors such as composite copper foil, rare earth permanent magnets, and engineering machinery experienced notable declines, although their losses narrowed in the afternoon as the indices rebounded [1] Institutional Insights - According to institutional views, the market is expected to maintain an upward trend, with a focus on high-growth sectors such as semiconductors, consumer electronics, artificial intelligence, robotics, and low-altitude economy [2] - The return of the A-share market to the 4000-point level is attributed to fundamental changes in the economy, including low risk-free interest rates and significant shifts in top-level design and planning that have altered the market ecosystem [2] Policy Developments - The People's Bank of China and the Bank of Korea have renewed a bilateral currency swap agreement with a scale of 400 billion yuan / 70 trillion won, effective for five years, which aims to deepen financial cooperation and facilitate bilateral trade [4] - The Ministry of Industry and Information Technology and the Ministry of Water Resources have issued a plan to cultivate leading enterprises in water-saving equipment and specialized "little giant" companies by 2027, focusing on breakthroughs in water supply, usage, and recycling technologies [5]