The chemical sector is advancing vigorously-the performance inventory and outlook of the petroleum and chemical sector in the first half of the year (part 2)

In the first half of the year, international crude oil prices fluctuated upwards, which led to a significant increase in chemical product prices, which accelerated the recovery process of the chemical industry.

Data shows that as of August 31, 446 listed chemical companies in Shanghai and Shenzhen have achieved a total of 1.

Sub-industry sectors are all red

In the context of the recovery of China's economic growth, all sub-sectors of the chemical sector became popular in the first half of the year, fully demonstrating the strong resilience and vitality of the chemical industry

From the perspective of the titanium dioxide sector, this year, driven by the dual growth of downstream demand and overseas exports, the titanium dioxide market has set off six rounds of price increases, and the performance of related companies has also improved overall

From the perspective of the organic silicon sector, in the first half of the year, the rise in raw material prices and the surge in downstream demand drove the surge in organic silicon prices, and it became the "price-increasing king" of domestic chemical products

From the perspective of the phosphorus chemical sector, under the influence of factors such as tight phosphorus ore supply and rising prices, the 12 phosphorus chemical companies achieved operating income of 76.

In the first half of the year, 9 companies in the glyphosate sub-sector achieved operating income of 53.

In addition, sub-sectors such as fluorine chemical and soda ash also performed well in the first half of the year

　　Hot track chemical stocks are dazzling

　　Since the beginning of this year, new energies such as lithium batteries, photovoltaics, and semiconductors have become a hot track for A-shares.

　　Semiconductors have been one of the hottest tracks in the A-share market in the past two years

　　Benefiting from the rapid development of the photovoltaic industry, downstream polysilicon demand is strong, and the performance of listed companies in the silicon series segment has skyrocketed.

　　In terms of specific company performance, in the first half of the year, Sanfu's net profit attributable to its parent was 148 million yuan, a year-on-year increase of 299.

　　The lithium battery industry chain has become the strongest outlet this year

　　In terms of individual stocks, big bull stocks that have risen several times have emerged in large numbers

　　Large volume of industry mergers and acquisitions

　　Mergers and reorganizations are effective measures for enterprises to strengthen resource integration, achieve rapid development, and improve competitiveness.

　　On May 8, Sinochem Holding Co.

　　However, there was also a chemical company delisting in the first half of the year
.
On April 14, *ST Kangde entered the delisting consolidation period for suspected violations of information disclosure, opening the final curtain of the capital market
.

　　Soochow Securities analysis pointed out that in the first half of this year, domestic epidemic prevention and control achieved good results.
Enterprises have adapted to normalized production and operation under the epidemic situation.
Continuous recovery on the demand side promotes passive destocking of chemical products.
At the same time, the gradual recovery of overseas demand and the shortage of supply The contradiction between the two provides favorable conditions for the export of China's commodities.
It is expected that in the third quarter, many chemical sub-sectors will usher in an active inventory replenishment cycle, and the chemical sector is expected to continue its high boom
.