上周基础化工板块上涨1.7%，沪深300 指数上涨2.5%，基础化工板块跑输大盘0.7 个百分点，涨跌幅居于所有板块第12 位。基础化工（中信）板块P/E（TTM，整体法，剔除负值）为33.94，P/E（2021E）为26.06。从基础化工板块与沪深300 的估值之比来看，目前这一比值为2.28，高于一年来的均值2.24。

1、本周观点：碳排交易征求意见稿发布，加速碳市场落地 ............................................................................................. 3
2、重点公司跟踪 .................................................................................................................................................................. 5
2.1 万华化学 ..................................................................................................................................................................... 5
2.2 龙蟒佰利 ..................................................................................................................................................................... 5
2.3 华鲁恒升 ..................................................................................................................................................................... 5
2.4 扬农化工 ..................................................................................................................................................................... 6
2.5 玲珑轮胎 ..................................................................................................................................................................... 6
2.6 合盛硅业 ..................................................................................................................................................................... 6
3、板块估值及个股行情 ...................................................................................................................................................... 7
4、化工产品价格回顾 .......................................................................................................................................................... 9
化工子板块动态 ................................................................................................................................................................. 9