Core logic
The field of new chemical materials is an important direction for the future development of the chemical industry. With the slowdown of downstream demand growth in the traditional chemical industry, it is a general trend to concentrate the market share to the leader, and the core competition threshold is cost and efficiency; The downstream is still in the fast-growing field of new materials. The core competitive barriers are R & D capability, industrial chain verification threshold, service capability, etc. with policy support, China's chemical new materials industry is expected to usher in an accelerated growth period. We recommend high-quality targets of new chemical materials with strong R & D capability and excellent management in the core supply chain, mainly including electronic chemicals (semiconductor materials, display materials, 5g materials, etc.), new energy materials, pharmaceutical intermediates and other fields. Give the industry a "recommended" rating.
Industry information update:
Semiconductor related:
On January 26, Dazhong Daily reported that Shandong will build a 10 billion national third-generation semiconductor industry highland. It is an important part of the third-generation semiconductor and mobile communication industries, and can be widely used in the field of new generation semiconductor and intelligent transportation. Shandong Provincial Department of industry and information technology recently issued the "14th five year plan" for the development of the third generation semiconductor industry in Shandong Province, which supports Jinan, Qingdao, Zibo, Weifang, Jining and other cities to try first, promote the agglomeration and development of the whole industrial chain of crystal materials - chip and device manufacturing - module and system application, and create a national third generation semiconductor industry highland with spatial agglomeration and functional relevance.
New energy materials related:
On January 28, the national development and Reform Commission: new energy will fully participate in power market transactions in 2030: on January 28, the national development and Reform Commission and the Energy Administration issued guidance on accelerating the construction of a national unified power market system, which pointed out that by 2025, the national unified power market system will be preliminarily established, the national market will operate in coordination with provincial (regional, municipal) / regional markets, and the medium and long-term, spot The integrated design and joint operation of the auxiliary service market, the market-oriented allocation of resources across provinces and regions and the scale of green power transaction have been significantly improved, and the market transaction and price mechanism conducive to the development of new energy and energy storage has initially taken shape. By 2030, the national unified power market system will be basically completed to meet the requirements of the new power system. The national market will operate jointly with the provincial (District, city) / regional market. New energy will fully participate in market transactions. Market subjects will compete equally and choose independently, and power resources will be further optimized throughout the country.
Information update of key enterprises:
Shandong Shida Shenghua Chemical Group Company Limite(603026) : on January 28, the company announced the progress of 440000 T / a new energy material project (phase I): Recently, the 120000 T / a vinyl carbonate unit of 440000 T / a new energy material project (phase I) invested and constructed by the company's holding subsidiary Shandong Shida Shenghua Chemical Group Company Limite(603026) (Quanzhou) Co., Ltd. (hereinafter referred to as "Shenghua Quanzhou") was successfully put into operation, Battery grade vinyl carbonate products have been produced, and the 100000 t / a dimethyl carbonate unit is still in trial production.
Risk warning: the epidemic situation may lead to the risk of large market fluctuations; The emergence of alternative technologies; Industry competition intensifies; The economy fell sharply; The product price fluctuates greatly; Focus on the company's performance does not meet expectations.
