CITIC Construction Investment's Outlook for the Chemical Industry in the Second Half of 2025: Focus on the Expected Recovery of Domestic Demand, Long-Term Opportunities Brought by the Upgrading of the New Materials Industry.

CITIC Construction Investment's outlook for the second half of 2025 in the chemical industry points out that in the strategy of the chemical industry in the second half of 2025, it is recommended to focus on the expected improvement in the prosperity of the upstream sectors of the chemical industry driven by policies, especially the leading companies in various major intermediate industries closely related to China's domestic demand. Or will usher in systematic profit recovery, including sectors such as polyurethane, coal chemical industry, petrochemical industry, fluorine chemical industry, etc.; In addition, developing new quality productivity, independent controllability, and industrial upgrading are firm choices under the background of great power competition. New materials are still one of the main development directions of China's chemical industry. Focus on the continuous development of high value-added products such as robot materials, AI & semiconductor materials, bio-coal for aviation, OLED materials, COC materials, and other high value-added products; In addition, high-quality companies with high shareholder returns will continue to be reevaluated, focusing on oil and gas petrochemical central enterprises represented by the three major oil companies, coal chemical industry, compound fertilizer industry, leading companies in the monosodium glutamate/feed amino acid industry, and other leading companies.