（文章来源：每日经济新闻） 东方证券指出，储能需求预期提升将推动磷矿石景气上行。据统计，2025年上半年全球储能电池出货量 超过260GWh，全年有望超500GWh，同比增长约60%。储能电池中95%为磷酸铁锂电池，预计2025年储 能电池出货将拉动约120万吨磷酸铁锂需求，进而带动440万吨磷矿原矿需求，占当前我国磷矿总产量的 4%以上。磷矿供给端议价能力增强，国内外产能释放有序，未来磷矿紧平衡格局难以逆转，景气曲线 有上修潜力。此外，化工行业景气复苏预期持续提升，有机硅、己内酰胺、聚酯、PTA等细分领域表现 突出。MDI行业格局良好，龙头企业成本优势显著；PVC行业未来两年几乎无新增产能，中美地产冲击 有望改善，新兴国家需求高增长趋势将持续。 化工龙头ETF（516220）跟踪的是细分化工指数（000813），该指数从沪深市场中选取涉及化肥、农 药、涂料等化学工业子行业的上市公司证券作为指数样本，通过聚焦特定化学产品制造领域具有代表性 的企业，体现化工行业的多样性布局和技术特征，反映化学工业相关上市公司证券的整体表现。 ...

谈及未来发展道路，恩特鲁普并不持乐观态度。他表示"化学工业并不是唯一一个挣扎的行业。制药行 业的信心也在崩溃：不稳定的美国贸易政策、关税、全球价格下跌。如果不采取任何行动，德国的工业 将继续在转型成本和官僚主义的压迫下苦苦挣扎，最终可能会被彻底击垮。" VCI预测，2025年德国的化学和制药生产最多只能保持停滞状态。化工生产可能会下降2%，但制药行 业可以部分抵消这一影响。由于价格略有下降，行业的总销售额预计下降约1%，至2210亿欧元。 数据显示，化工企业将再次削减产量，2025年第三季度的产量比前三个月下降了0.3%，比一年前下降 了1.5%。化工行业的产能利用率仅为70%。第三季度的销售额为511亿欧元，比上一季度下降1.5%。 "2025年，不会有一个幸福的结局。"德国化学工业协会(VCI)11月11日，发布2025年第三季度数据时指 出，目前的形势对众多德国化学和制药行业的公司来说是痛苦的——产量、价格、出口量均出现下降， 行业正面临严峻的挑战。 VCI表示，随着经济形势进一步恶化，产量、价格和销售额再次下降。产能利用率明显低于盈利阈值。 德国化工企业继续受到行业整体活动不佳、全球产能过剩和选址成本 ...

据欧盟委员会介绍，《循环经济法案》核心目标为加速循环转型，提升欧盟经济安全、韧性、竞争力并 推动脱碳。该法案公众咨询已于8月启动，11月6日反馈期结束。 中化新网讯 11月12日，欧洲化学工业委员会(Cefic)发布声明，明确支持即将出台的欧盟《循环经济法 案》(CEA)目标，同时强调需配套具体措施，为化工行业循环转型提供支撑，实现目标与执行的平衡。 声明指出，《循环经济法案》将激活循环经济商业可行性，扩大循环原料应用规模，加速欧洲可持续循 环经济转型。作为欧盟《清洁工业协议》的核心支柱，该法案还将强化欧洲战略自主性、产业竞争力与 发展可持续性。 Cefic坦言，化工行业扩大循环经济应用面临多重阻碍：循环项目遭遇显著资金与监管壁垒，同时存在 循环产品需求不足、竞争力担忧及支持性框架缺失等问题。对此，Cefic提出四项关键建议：一是政策 需兼具实用性、可执行性与投资友好性，兼顾短期进展与长期转型;二是构建连贯监管体系与投资友好 环境，通过绿色公共采购等强化商业可行性以激发需求;三是扩大循环原料应用、支持技术多元化，提 升供给能力;四是统一废物终结与副产品标准，实施简化的生产者延伸责任制度，建立次级原材料单一 市 ...

德国化学工业协会是欧洲最大的化学和制药行业协会，涵盖了从全球巨头到中型企业的约2300家企业。 （文章来源：新华财经） 报告称，德国企业价格竞争力不足以及美国关税政策造成了对德国化工产业的冲击。除了德国国内经济 疲软外，主要海外市场的需求也大幅下降。数据显示，美国市场在德国化工行业海外销售额中所占份额 下降了20%。 德国化学工业协会预计，2025年德国全年化工产品产量将下降2%，且目前看不到好转迹象。德国化学 工业协会首席执行官沃尔夫冈·格罗塞·恩特鲁普表示，随着年底临近，德国化工行业举步维艰，产量、 销量、价格、产能利用率等所有指标都在下滑，行业的"毁灭性打击"正在逼近。 新华财经法兰克福11月12日电（记者尹亮）德国化学工业协会11日发布报告称，受工业活动疲软、全球 产能过剩和高昂成本的影响，三季度德国化工产品产量再次下降。目前德国化工行业产能利用率仅七 成，工厂已无法盈利运营，行业面临"毁灭性打击"。 数据显示，经季节调整后，德国化工产品产量比前三个月下降了0.5%，比去年同期下降了4.3%。该报 告指出，所有门类产量均出现下滑且均低于去年同期水平，基础化学品行业的下滑尤为显著。当前，德 国化工行业的 ...

Group 1 - The 8th China International Import Expo (CIIE) is being held from November 5 to 10, attracting participation from 155 countries and regions, with 4,108 overseas companies exhibiting [1] - Johnson & Johnson has been investing in Suzhou for 20 years, establishing a comprehensive medical technology industrial base, showcasing a 7mm ultrasonic knife at the expo, highlighting its commitment to the Chinese market [1] - DuPont has deepened its localization strategy through the CIIE, evolving from a single production base to a comprehensive industrial cluster in Suzhou, reflecting the favorable business environment [2] Group 2 - Dow Chemical's Zhangjiagang base is its largest production facility in the Asia-Pacific region, with new projects signed at the expo, including an organic silicon expansion to meet market demands [2] - Honeywell has established an integrated production base and R&D center in Zhangjiagang, showcasing a catalyst technology for converting waste cooking oil into sustainable aviation fuel, indicating strong future investment plans [3] - The CIIE serves as a platform for foreign companies to embrace opportunities in China, with Suzhou being a strategic location for investment and growth [3]

Core Viewpoint - The research by Zhang Xiaoheng's team at the University of Science and Technology of China introduces a new method for direct deaminative functionalization using N-nitroamines, which is simpler, safer, and more efficient than traditional processes [1][2][3]. Summary by Sections Research Significance - The study has the potential to revolutionize the field of organic chemistry, particularly in the synthesis of aromatic amines, which are foundational in pharmaceuticals, dyes, pesticides, and electronic materials [3][4]. - The method could significantly impact industrial applications, potentially leading to Nobel Prize recognition due to its groundbreaking nature [3]. Methodology - Traditional methods for processing aromatic amines have been dangerous, expensive, and inefficient, often producing hazardous byproducts [4][10]. - The new approach activates amines into a more stable N-nitroamine state, improving safety and allowing for easier subsequent reactions [10][11]. - The reaction mechanism involves several steps, including the transformation of amines into N-nitroamines, followed by proton migration and dehydration, ultimately leading to the formation of new chemical bonds [10][11]. Industrial Applications - The new method enhances safety and efficiency, allowing for a broader range of reactants and reducing the need for metal catalysts, which are often problematic in traditional methods [11][13]. - The process can be conducted in a single pot, eliminating the need for purification between reactions, which is a significant advancement for industrial scalability [15]. - This innovation could lead to substantial cost savings and reduced environmental impact in the production of agricultural chemicals and pharmaceuticals [16][18]. Impact on Daily Life - The improved deaminative process could lower production costs for essential agricultural products, such as herbicides, thereby reducing pollution and enhancing food security [16]. - In the pharmaceutical sector, the method could significantly decrease the production costs of complex drugs, such as Imatinib Mesylate, making them more accessible to patients [18][20]. - The technology has the potential to enhance the efficiency of drug development, allowing for faster iterations and potentially saving more lives [20]. Historical Context - N-nitroamines have been known since 1893, but their potential was largely unexplored until now, highlighting the innovative nature of Zhang's team's work [21].

Core Insights - A groundbreaking paper published in the prestigious journal Nature has stirred significant interest in the chemistry community, with reviewers praising it as a "true masterpiece" [1] - The research breakthrough comes from Zhang Xiaoheng, a seemingly ordinary researcher who has overcome a 140-year challenge in the field of aromatic molecule conversion [1] Research Background - Zhang Xiaoheng is not a prodigy but a graduate from Sichuan University, with a PhD from the Chinese Academy of Sciences and postdoctoral experience at Princeton, currently conducting research at the University of Chinese Academy of Sciences in Hangzhou [4] - His extensive experimentation involved testing hundreds of reagent combinations and adjusting reaction conditions over several years to determine the parameters for a "one-pot" reaction [4] Innovation in Chemical Processes - Traditionally, the conversion of aromatic molecules in pharmaceuticals and pesticide production relied on diazotization, a process that is cumbersome and hazardous due to the need for nitrous acid and strict low-temperature control [5] - Zhang's team innovatively abandoned traditional methods by directly attaching a nitroso "cap" to amines and using commonly available thionyl chloride in a one-pot reaction, simplifying the process without sacrificing yield and eliminating the need for expensive catalysts [5] Industrial Implications - This achievement is not merely academic; it represents a significant industrial breakthrough that can be directly applied to production lines, described as an "industrial bomb" [7] - For example, the synthesis of antibacterial drugs and herbicides, which previously required five steps, can now be completed in just two steps, leading to substantial cost reductions [7] - The discovery is deemed a major chemical finding that warrants recognition and should be rapidly transitioned into practical applications to benefit the chemical industry [7]

Core Viewpoint - The manufacturing sector in Inner Mongolia has shown robust growth in the first three quarters of the year, with a year-on-year increase of 8.8% in value added, surpassing the national average by 2 percentage points [1] Group 1: Manufacturing Growth - The value added of the above-scale manufacturing industry in Inner Mongolia increased by 8.8% year-on-year, which is 2 percentage points higher than the national average [1] - The growth in the manufacturing sector contributed 2.8 percentage points to the overall industrial economic growth in the region [1] Group 2: New Momentum Industries - The value added of the equipment manufacturing industry increased by 21.2% year-on-year, exceeding the overall industrial growth rate by 15.3 percentage points [1] - High-tech manufacturing also saw a significant increase, with a year-on-year growth of 16.5%, which is 10.6 percentage points higher than the overall industrial growth rate [1] Group 3: Traditional Industries - The chemical industry experienced a year-on-year increase of 14.7% in value added [1] - The metallurgy and building materials industry saw a growth of 5.3% year-on-year [1] Group 4: Economic Drivers - The stable growth in manufacturing is attributed to the influence of headquarters economy, leading enterprises in the industry, chain-leading enterprises, and advanced manufacturing [1] - The scale effect of the industry is gradually being released, further stabilizing growth and expectations [1]

Core Insights - The article discusses the recent release of the "14th Five-Year Plan" achievements and the outlook for the "15th Five-Year Plan" in China's chemical industry, emphasizing the need for systematic advancement in six key areas to achieve high-quality development [1] Group 1: Achievements and Growth - During the "14th Five-Year Plan," China's chemical industry experienced steady growth, with total revenue projected to reach 14.5 trillion yuan in 2024, a 45% increase from 2020, indicating strong development momentum [1] - The annual growth rate of major chemical products' output remained around 4.6%, with China producing approximately 42% of the world's major chemical products, establishing itself as the largest and most comprehensive production system globally [1][2] Group 2: Global Positioning - In the global chemical industry, 11 Chinese companies made it to the top 50, generating 2.1 trillion yuan in revenue, which accounts for 27.9% of the total revenue of these companies, surpassing American companies by 1.35 times and exceeding the combined revenue of German and Japanese firms [2] Group 3: Environmental Progress - Significant progress was made in pollution reduction during the "14th Five-Year Plan," with industrial water reuse rates reaching 93% and energy efficiency improving, with energy consumption intensity for various products decreasing by 2% to 6% [6] - The comprehensive removal rate of volatile organic compounds (VOCs) exceeded 90%, and the reuse rate of industrial wastewater surpassed 75% [6] Group 4: Future Directions - The "15th Five-Year Plan" will focus on six key areas: upgrading industrial structure, enhancing innovation capabilities, promoting green and low-carbon development, advancing smart manufacturing, strengthening international cooperation, and improving the quality of chemical parks [1][7][14] - The industry aims to transition from "fuel-driven" to "material-driven" production, optimize raw material sources, and enhance competitiveness across the entire chemical value chain [7][13] Group 5: Innovation and Technology - The industry is shifting from "follow-type" innovation focused on process optimization to "leading-type" innovation that emphasizes original breakthroughs and theoretical advancements [13] - There is a push for increased R&D investment as a percentage of sales revenue and the application of AI technology to overcome existing technological monopolies [13] Group 6: International Cooperation and Standards - The industry aims to transition from being a "participant" to a "leader" in international standards and rules, promoting overseas resource development and expanding export channels for petrochemical products [14][15] - Efforts will be made to establish a green and low-carbon standard system and enhance brand recognition in international markets [14]

Core Insights - The German Chemical Industry Association (VCI) maintains a forecast that Germany's chemical production (excluding pharmaceuticals) will decline by 2% by 2025, but the actual decline may be more significant [1] - VCI economist Christiane Kellermann indicates that indicators show a more pronounced drop in production, particularly in energy-intensive basic chemicals and specialty chemicals [1] - Domestic and export orders in the German chemical industry are weak, and sales figures are low, despite some factory closures and persistently low capacity utilization [1] - There is a possibility of further capacity shutdowns in the basic chemicals sector due to low capacity utilization and rising import pressures [1] - Germany needs to enhance its competitiveness as a business investment location by addressing high energy, raw material, and labor costs, as well as reducing heavy tax and regulatory burdens [1] - Certain government and EU policies imposing restrictions or bans on specific chemicals or materials have added pressure on the German chemical industry, such as the restrictions on per- and polyfluoroalkyl substances (PFAS) [1] Future Outlook - For 2026, VCI predicts an improvement in chemical production and sales, primarily based on government-announced defense and infrastructure spending plans [2] - However, the actual effectiveness of government measures remains uncertain, and the pace of necessary reforms is deemed insufficient [2] - There is a cautious attitude from VCI and skepticism from businesses regarding the anticipated improvements [2]