上周基础化工板块上涨5.7%，沪深300 指数上涨2.0%，基础化工板块跑赢大盘3.6 个百分点，涨跌幅居于所有板块第5 位。基础化工（中信）板块P/E（TTM，整体法，剔除负值）为36.55，P/E（2021E）为28.39。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2.21，高于一年来的均值2.19。

1、本周观点：化工板块超额收益有望继续，看好四条主线 ............................................................................................. 3

1.1 行业热点关注 .............................................................................................................................................................. 3

2、重点公司跟踪 .................................................................................................................................................................. 7

2.1 万华化学 ..................................................................................................................................................................... 7

2.2 龙蟒佰利 ..................................................................................................................................................................... 7

2.3 华鲁恒升 ..................................................................................................................................................................... 7

2.4 扬农化工 ..................................................................................................................................................................... 7

2.5 玲珑轮胎 ..................................................................................................................................................................... 8

2.6 合盛硅业 ..................................................................................................................................................................... 8

3、板块估值及个股行情 ...................................................................................................................................................... 9

4、化工产品价格回顾 ........................................................................................................................................................ 11

化工子板块动态 ............................................................................................................................................................... 11