基础化工行业:“反内卷”趋势下 化工多个子行业有望盈利修复

民生证券股份有...
Jul 28

化学原料及制品以及多个化工相关行业的PPI 同比降幅较大,“反内卷”势在必行。6 月PPI 环比-0.4%,同比-3.6%,同比降幅也创下了2023 年8 月以来的新低;分行业看,化学原料及制品、化纤制造、油气开采、油煤加工等化工相关的行业同比下降幅度均较高,叠加化工行业近年高速的在建工程增速,化工行业“反内卷”势在必行。这几年化工行业的研发费用率仍在提升,2024 年化工板块的研发费用率处于4%...

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