20240613_天风证券_基础化工行业：化工行业运行指标跟踪_2024年4月数据_37页.pdf

1|2024 06 12 SAC S1110519070001 SAC S1110518080008 SAC S1110522110002 SAC S1110523070006-2024 4 2 1 2 PPIPPIRMCCPI3 4 5 PMI 6 7 GDP 8/9 10 PPI 2024 Q1 2000 ROE PB PB 24 Q1 2000 22 Q2 1 2 1 MDI/TDI PVC 2 3 5 OLED ZXAZzQqNnOrQsMsRnQrOoPaQ8Q7NpNqQsQqMlOpPoQiNoPsRaQrRzRuOmRrPNZmPxP3 Wind 4 Wind 3-30-20-10010203040506007-1008-0408-1009-0409-1010-0410-1011-0411-1012-0412-1013-0413-1014-0414-1015-0415-1016-0416-1017-0417-1018-0418-1019-0419-1020-0420-1021-0421-1022-0422-1023-0423-1024-04%4HxNRypIErjUq9l33i61wZDzSda0ryHb0G1WUCrSdD5PdN3WP77DHmxQ0WkiLkyI 5 Wind CCPI 2023 7-9 CCPI CCPI 24 CCPI CCPI 23/12/14 4579 24/5/24 4769 4.1%2024 4 PPI-5.4%CCPI-2.3%PPI 4-0.1%CCPI+1.2%CCPI PPI PPI CCPI PPI CCPI CCPI6 Wind PPI 2021 10 2023 6 12 PPI 1.3%2024 1-4 4 PPI-5.4%/-2.5%/-0.6%3+0.9/+0.3/-1.2pcts 2024 4 PPI PPI-0.1%/-0.2%/-0.2%3-0.4/+0.7/+0.3pcts CCPI PPI PPI7 Wind PPI-PPIRM 2023 1-7 PPI-PPIRM 7 8-12 2024 1-4 PPI-PPIRM 4 0.7%3-0.6pcts-0.2%3-0.6pcts PPI-PPIRM PPI-PPIRM PPI-PPIRM8 Wind 2024 5 C C P I-W TI$/M bt u$/M bt u M TB E LN G$/M bt u M I B K PX PX P TA M E G P V A D M F P V C 9 Wind 2024 5 68D/24F 1.5D 1.2D 120D C C I ndex(328)P A 6 P A 66 M D I-50 TD I HDI I P D I B D O P TM E G TP U TP U H D P E LD P E PP PS PS A B S A B S PC P M M A P O M PBT B O P P B O P E T C P P P B A T P B A T-P TA-B D O-A A 10 Wind 2024 5 11 Wind 2024 5 R 32 R 125 R 410a R 410a-R 125-R 32 DOP NMP PVDF PVDF LFP POE EVA 12 Wind 187 2024/6/6 30%113 60.4%30-50%38 20.3%50%36 19.3%13 Wind 2023 Q1-Q4 Q1 82.1%Q4 85.7%Q3 74.6%Q4 76.7%2024 Q1 76.4%85.6%0.9/3.5pcts-0.28/-0.05pcts 2023 6-8 9-10 12 21.52%12.37%4.45%2024 4+7.58%/+6.24%/+9.40%-3.82%/-0.19%/-4.7%2023 1-4 6 0.3%7-11 12 18.94%2024 1-4 4 19.9%14 Wind 2023 23 9 24 1-4 18.4%23 10-24 4 24 4+1.7%-0.7%2023 1-12 13.0%-19.5%1-7 8 23 12-9.8%2024 1-4 4+13.9%/+4.6%/+15.6%-15 Wind 2024 5:%SAP:%:%:%:%聚酯产业链:PX:PTA%:()%:()%:()%:()%:%:%:%:%:%DMF:%ABS:%B D O 硅化工:%PX:%(PVC)%EPS:%:%ABS:%():%():%:%:%:%MTBE:%PTA:%:PTA%:%PVC:%PVC:%:%PTMEG%MDI%MDI%16 Wind-17 Wind-18 Wind-HS HS 19 PMI Wind PMI 20 Wind/)21 Wind/)22 Wind/)23 Bloomberg GDP 24/Bloomberg 25 Bloomberg/26 Bloomberg/27 Bloomberg/28 ROIC ROE ROA Bloomberg 29 Bloomberg 30%Bloomberg%31 CEFIC EU Commission business and consumer survey 5 27 2024 1-5 4-5 2024 5 27 2020 EU27 EU27 EU27 EU27 32 EU27 EU27 2015=100 EU27 EU27 2015=100 Bloomberg PPI 33%/%/Bloomberg IFO 2015=100 34 2017=100%Wind PPI 35 22 22 36 6 300 6 300 20%10%-20%-10%-10%-10%5%-5%-5%-5%/THANKS37