1. The situation in Russia and Ukraine is escalating and it is optimistic that the strong oil price will push up the price of energy and chemical products: during the Spring Festival, OPEC said that with the rebound of economic activities and the warming of travel, the recovery of global oil demand this year may be faster than the increase of supply. And EIA inventory fell more than expected, the lowest level since October 2018. The superimposed geopolitical tension boosted crude oil. For the above reasons, the international oil price continued to remain strong. As of March 24, 2022, Brent crude oil was quoted at US $112.34/barrel. Driven by costs, major petrochemical products have risen rapidly. The price of ethylene CFR Northeast Asia this weekend is US $136400137600/ton, which is further higher than the price of 129400130600 last weekend. We believe that under the background of strong oil price, there is a clear expectation of increasing the profitability of Baima, the leader of large chemical industry. Light hydrocarbon chemical and coal chemical enterprises are also expected to enjoy the thickening of profit space. The situation in Russia and Ukraine is escalating, and the duration and intensity of inflation may increase. Pay attention to the opportunities related to the chemical industry chain under the global energy and food crisis this year.
Specific prospects include upstream exploration ( China Pacific Insurance (Group) Co.Ltd(601601) 857 \ , Yunnan Yuntianhua Co.Ltd(600096) , Hubei Xingfa Chemicals Group Co.Ltd(600141) , Hubei Yihua Chemical Industry Co.Ltd(000422) , Xinyangfeng Agricultural Technology Co.Ltd(000902) , Chengdu Wintrue Holding Co.Ltd(002539) ) Pesticides ( Jiangsu Yangnong Chemical Co.Ltd(600486) , Shandong Weifang Rainbow Chemical Co.Ltd(301035) , Hailir Pesticides And Chemicals Group Co.Ltd(603639) , Limin Group Co.Ltd(002734) ). (unless otherwise specified, this week refers to the week from March 21, 2022 to March 25, 2022)
2. Continue to be optimistic about the core materials of the new energy industry chain: there has been an overall correction in the new energy industry chain recently, but the prices of R142b PVDF, iron phosphate, lithium iron phosphate and other products we focus on tracking are still strong. Continue to be firmly optimistic about the upstream materials with tight supply and demand in the industry in 2022 and the performance is expected to continue to grow under the large amount of new capacity: lithium battery binder PVDF (Eastern Yue Group, Lecron Industrial Development Group Co.Ltd(300343) Great Chinasoft Technology Co.Ltd(002453) , Liao Ning Oxiranchem Inc(300082) , Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) , satellite Chemistry), upstream materials of photovoltaic industry chain ( Jiangsu Eastern Shenghong Co.Ltd(000301) , Levima Advanced Materials Corporation(003022) , Sichuan Hebang Biotechnology Co.Ltd(603077) , Zhejiang Hailide New Material Co.Ltd(002206) ) Upstream materials of wind power industry chain (Jilin Carbon Valley, Jilin Chemical Fibre Co.Ltd(000420) , Weihai Guangwei Composites Co.Ltd(300699) , Kangda New Materials(Group) Co.Ltd(002669) , Yangzhou Chenhua New Material Co.Ltd(300610) , Wuxi Acryl Technology Co.Ltd(603722) , Zhejiang Huangma Technology Co.Ltd(603181) ).
Paying attention to the boom and coming back to focus on the boom and the coming of the boom. Focus on the boom, and focus on the boom. Focus on the boom. Focus on the boom and the recovery of the boom. The industry’ \ ), caffeine ( Cspc Innovation Pharmaceutical Co.Ltd(300765) , Shandong Xinhua Pharmaceutical Company Limited(000756) ).
4. Keep an eye on the consumer growth stocks and new material growth stocks that have high ceilings and stable profits: artificial meat and plant capsules ( Hongda Xingye Co.Ltd(002002) Hongda Xingye Co.Ltd(002002) 810 143 , Red Avenue New Materials Group Co.Ltd(603650) ). The display materials and military semiconductor field: semiconductor packaging materials ( Hongda Xingye Co.Ltd(002002) Hongda Xingye Co.Ltd(002002) 453 ( Phichem Corporation(300398) ), CMP polishing material ( Hubei Dinglong Co.Ltd(300054) ). Military industry: special chemicals ( Haohua Chemical Science & Technology Corp.Ltd(600378) ), aramid fiber ( Yantai Tayho Advanced Materials Co.Ltd(002254) ), carbon fiber ( Weihai Guangwei Composites Co.Ltd(300699) ). New display fields: optical film ( Sichuan Em Technology Co.Ltd(601208) ), organic light-emitting materials ( Valiant Co.Ltd(002643) , Great Chinasoft Technology Co.Ltd(002453) ), PI materials ( Rayitek Hi-Tech Film Company Ltd.Shenzhen(688323) ).
Risk warning: the macroeconomic growth rate is lower than expected; The product price fluctuates greatly; International oil prices fell sharply; The construction progress of new projects is less than expected; Repeated outbreaks, etc.
