Sub-sectors include:
Chemical industry (potash fertilizer, phosphate fertilizer (ore), pesticides (pesticides, herbicides, fungicides), nitrogen fertilizer)
Textile and garment chemical industry (chemical fiber, dye)
Automobile-related chemicals (plastics, rubber)
Chemicals related to real estate (paint, fluorine chemicals, sewage treatment)
Fine chemistry (medicine, food additives)
I. Chemical inventory includes:
The chemical sector is currently one of the largest A-share sectors, including petrochemical, chemical fiber, chemical pesticides and other hundreds of sub-categories. At present, there are 9 chemical stocks with investment value: yantai wanhua (600309); Salt Lake shares (000792); Zhejiang Longsheng (600352); Dinglong shares (300054); Rubber industry in Tian Hui (300041); Xinzhou State (300037); Tiansheng New Materials (300169); Qi Xiang Tengda (002408); Yahua Group (002497).
There will be a second wave of price increases for chemicals, mainly due to environmental protection and limited production, which will lead to a continuous decline in supply and eventually make chemicals enter the main tide of price increases. 20 18, 1 second quarter, the performance is expected to continue to grow.
2. What are the main driving factors of the chemical stock market?
1, frequent accidents in the chemical industry are the fuse, exposing many hidden dangers in the extensive development of China's chemical industry. With the strengthening of government supervision, it will be beneficial to industry leaders. The closed Xiangshui Chemical Industry Park mainly involves the dye and pesticide industries.
2. The prices of chemical products such as 2.PTA futures began to rise in late March. In April, chemical enterprises entered the annual inspection of equipment, which affected the production capacity in the short term; The chemical industry has been in a relatively stagflation sector this year. During the period of 1-3 this year, the cumulative increase of the chemical sector was 29.8% vs the brokerage sector was 50.26%, the computer sector was 48.46%, and the electronics sector was 4 1.06%, which was still relatively lagging behind.
3. According to the analysis of several chemical research reports, the prosperity of the whole refining and chemical industry has lasted for four years, and the high profits have attracted a large influx of social capital. Supply-side pressure is likely to reach an inflection point at 20 19. In 20 19, it is likely that the prices of many products will drop to the point of stopping cash, forcing high-cost enterprises to quit this industry.
4. In this industry background, it is obvious that the industry leader is in a cost advantage position, and the demand will further converge to the advanced production capacity after the backward production capacity exits. Therefore, even if the whole industry enters the down cycle, the investors of leading companies still have an extra layer of safety buffer than those of small companies.