本周化工市场景气回升。制冷剂R22、草甘膦、轻质纯碱因供给紧张，价格上涨；而TDI、粘胶短纤因需求弱势，价格回落。中长期产能仍成为抑制价格上涨因素，行业恢复繁荣仍需要等待，维持行业“中性”评级。

报告从战略性分析、环境信息、竞争对手情报、资讯信息快报、市场行情与数据分析等几个方面进行了分析评论。

目前大宗化工品行业总体上仍在去产能阶段，基本上是没有趋势的阶段，价格跟随成本波动。但是个别子行业(染料、农药（百草枯、草甘膦、氨纶等)由于环保导致供给端收缩，已出现拐点景气向上，部分成长股依然表现了强劲的供给创造需求式的高增长。建议投资者重点关注这两类企业，具体参见我们的投资组合。具体操作策略上，对于高增长确定性强的个股(鼎龙股份、万顺股份、纳川股份等)逢低坚决买入，周期景气向上的氨纶、百草枯、染料等品种可逢低继续加仓。对主题投资品，跟随事件驱动，弄清楚炒作是短期还是中期。

9月份下游需求正值旺季，加之最近叙利亚局势紧张，原油价格不断反弹，受供给压缩、下游补库存或成本支撑等因素影响，部分化工产品价格反弹，但全面价格上涨仍需时日。本周继续推荐供给受到压缩，叠加旺季因素，弹性较大农药与染料子行业。同时建议关注旺季来临，价格持续走强的氨纶投资机会。化工新材料继续“强烈推荐”技术领先的MLCC配方粉龙头企业国瓷材料、彩色碳粉放量在即的鼎龙股份和水性涂料前景广阔的化工蓝筹万华化学。

Main business revenue of the domestic petroleum and chemical industry is expected to increase 10.5% YOY in 2013, while profits will be up 9.5% from a year earlier. The chemical sector will be propelled by specialty, rubber products, organic chemical materials in 2013. Expanding capacities, shortage supply of raw material and weak demand in downstream sector will curb operating rate of PTA plants in China in the future, making their profits lower.

A catalyst is a substance used to accelerate the rate of a reaction. The catalyst itself does not undergo a permanent chemical change and is used in a relatively very low quantity when compared to the other reactants. Nearly, 85-90 percent of all the chemical production processes employ a catalyst during some stage of the production process. Catalysts are essential during the commercial production of most chemical and polymer products. They help production units run the production process in a cost-effective and swift manner. Catalysts have also become indispensable components that reduce harmful emissions in industrial and automobile emission control systems.The Global Catalyst market is expected to experience a huge growth during the period 2012-2016. The market was dominated by the APAC region and accounted for 35 percent of the market share in 2012. It was followed by North America and Western Europe, which accounted for 29 percent and 21 percent of the market share, respectively. The Global Catalyst market is expected to grow at a CAGR of 4.12 percent during the period 2012-2016.