原油、涤纶长丝价格上涨，关注地缘局 势 ——基础化工行业周报（2026.1.24-2026.1.30） 证 券 研 究 报 告 [Table增_R持at（ing维] 持） [Tabl市e_场Su行mm情a走ry]势 过去一周（1.24-1.30），基础化工指数涨跌幅为-0.86%，沪深300指数 涨跌幅为0.08%，基础化工板块跑输沪深300指数0.94个百分点，涨跌 幅居于所有板块第12位。基础化工子行业涨跌幅靠前的有：复合肥 （10.93%）、纺织化学制品（10.36%）、煤化工（4.81%）、聚氨酯 （3.75%）、纯碱（2.99%）。 化工品价格走势 分析师: 郭吟冬 周涨幅排名前五的产品分别为国际燃料油（9.66%）、己二酸（AA) （9.59%）、辛醇（8.84%）、大庆原油（8.84%）、布伦特原油 （7.30%）。周跌幅前五的产品分别为：NYMEX天然气（-25.76%）、 盐酸（山东）（-15.38%）、双氧水（-11.43%）、浓硝酸（金禾实 业）（-6.45%）、烧碱（32%离子膜）（-6.19%）。 [最Ta近bl一e_年Qu行o业teP指ic数] 与沪深 300 比较 行业重要动态 ...

Investment Rating - The report maintains an "Overweight" rating for the basic chemical industry [1][9] Core Viewpoints - The basic chemical index outperformed the CSI 300 index by 3.15 percentage points over the past two weeks, with a gain of 4.62% compared to the CSI 300's 1.47% [3][15] - Key sub-industries showing strong performance include phosphate and phosphate chemicals (12.24%), potash (7.71%), and acrylic fiber (7.22%) [16] - Recent price movements in chemical products indicate significant increases in lithium cobalt oxide (31.49%) and hydrogen peroxide (13.51%), while brown coal saw a notable decline of -31.67% [5][23] Market Trends - The basic chemical sector has shown resilience, ranking third among all sectors in terms of performance [15] - The report highlights the impact of OPEC+ decisions on oil prices, which have been declining, potentially affecting the supply side of the chemical industry [6] - The Chinese government has implemented export controls on lithium batteries and related materials, which may benefit companies with advanced technology and overseas production capabilities [7] Investment Recommendations - The report suggests focusing on several key areas: 1. Refrigerants sector, with companies like Jinshi Resources and Juhua Co. 2. Chemical fiber sector, recommending Huafeng Chemical and Xin Fengming 3. Notable companies in the tire sector include Sailun Tire and Linglong Tire 4. Agricultural chemicals, with a focus on Yara International and Salt Lake Potash [8][9][39]