20231120_天风证券_基础化工行业专题研究：化工行业运行指标跟踪_2023年9月数据_38页.pdf

1|2023 11 19 SAC S1110519070001 SAC S1110518080008 SAC S1110522110002 SAC S1110523070006-2023 9 2 1 2 PPIPPIRMCCPI 3 4 5 PMI 6 7 GDP 8/9 10 PPI 1 2 3 XVAZxOrMtQoPrPmPnQqPrQ8O9R6MtRoOpNoNkPrQmNkPmOqQ9PqRtPuOnPpNvPtOpP3 Wind 4 Wind 8 5 CCPI Wind 2023 7 CCPI 9/15 5071 6 4244 19.5%11/13 CCPI 4719 9 PPI 7.1%8 3.3 9 CCPI-0.4%PPI CCPI 2.3%PPI 6 PPI Wind PPI 2021 10 2023 1-2 PPI 3-5 6 7-9 9-7.1%-1.8%-3.6%3.3/1.5/0 2023 1 PPI 2 3 6-7 9 PPI 2.0%/1.1%-0.3%+1.4/+0.8/+0.1pcts 7 PPI-PPIRM Wind PPI-PPIRM 2022 2022 5 PPI PPIRM 2022 6 PPI-PPIRM 11 2023 1-7 8 9 2.6%8 3.8%8 2023 10 Wind CCPI-WTI$/Mbtu$/Mbtu MTBE LNG$/Mbtu MIBK PX PX PTA MEG PVA DMF PVC 9 Wind 2023 10 MDI-50 TDI HDI IPDI BDO PTMEG TPU TPU HDPE LDPE PP PS PS ABS ABS PC PMMA POM PBT BOPP BOPET CPP PBAT PBAT-PTA-BDO-AA 68D/24F 1.5D 1.2D 120D CCIndex(328)PA6 PA66 10 Wind 2023 10 11 Wind 2023 10 R32 R125 R410a R410a-R125-R32 DOP NMP PVDF PVDF LFP POE EVA 12 Wind 187 2023/11/10 30%105 9/18 3 56.1%30-50%42 22.5%50%40 21.4%13 Wind 2022 4-5 22Q2 22Q1 2023 Q1-Q3 Q1 82.1%Q3 85.1%75%2022 11 10 12 2023 6-8 9 17.17%7.91%12.77%2023 1-4 6 0.3%7-9 9 16.42%14 Wind 2022 1-2 2022 7-12 23 1-2 3-7 8-9 9-0.9%-0.7%0.2%2023 1-9 13.0%-19.5%8 9 3.8%9-11.6%0.9-15 2023 10 Wind:%PX:%(PVC)%EPS:%:%ABS:%():%():%:%:%:%MTBE:%PTA:%:PTA%:%PVC:%PVC:%:%:%SAP:%:%:%:%聚酯产业链:PX:PTA%:()%:()%:()%:()%:%:%PTA%MEG%MEG%MEG%MEG%1.5D%POY%CPL%AN%MDI%PTMEG%:%:%:%DMF:%ABS:%16 Wind 2023 10 MEG CPL AN 17-Wind 18-Wind 19 HS HS Wind 20 PMI PMI Wind 21/)Wind 22/)Wind 23/)Wind 24 Bloomberg GDP 6 25/Bloomberg 26/Bloomberg 27/Bloomberg 28/Bloomberg/29 ROIC ROE ROA Bloomberg 30/EPS Bloomberg 31%Bloomberg 32 EU27 CEFIC EU Commission business and consumer survey 2023 10 27 9 0.6 2.6 10 10.4 9 17.2-35.4 9-40.7 10 EU27-14.4 9-19.3 4.9 EU27 7 10-3.4 9-9.6 EU27 EU27 EU27 33 PPI EU27 EU27 2015=100 EU27 EU27 2015=100 Bloomberg 34%/%/Bloomberg IFO 2015=100 35 PPI 2017=100%Wind 36 22 22 37 6 300 6 300 20%10%-20%-10%-10%-10%5%-5%-5%-5%/THANKS38