Major funds heavily buy chemical stocks! 600800, two consecutive limit-ups!

On the morning of March 26, the A-shares experienced slight fluctuations and adjustments, with the Shanghai Composite Index retesting the 3,900-point support level, while the Shenzhen Component Index, the ChiNext Index, and the Beijing Stock Exchange 50 also dipped slightly into the red. Over 4,100 stocks in the entire market declined, and trading volume showed a shrinking trend.

On the market, sectors such as energy metals, chemicals, small household appliances, and banks saw the largest gains, while sectors like environmental monitoring, coke processing, new shares, and diversified finance were among the biggest losers.

The Industrialization of Solid-State Batteries Continues to Take Shape

New energy concept stocks remain active, with various segments of the industrial chain taking turns to strengthen. In the early morning session today, the lithium battery sector led the gains, with the solid-state battery field being the most active. Within about 5 minutes of opening, Dongfeng Quzhou’s stock hit the daily limit, with Foshan Plastics Technology, Yuanli Technology, and others also quickly sealing the board.

Energy metals, lithium mines, sodium batteries, and other sectors all strengthened, with Haike New Energy, Zhongyi Technology, Dandong Southeast, and Sitai Li hitting the daily limit or rising over 10%.

On the news front, there has been continuous information about the progress of solid-state battery industrialization recently. EVE Energy’s “Longquan No. 3” and “Longquan No. 4” all-solid-state batteries have come off the production line. The “Longquan No. 3” all-solid-state battery is mainly aimed at the consumer sector and can operate below 2MPa, characterized by high volumetric energy density; the “Longquan No. 4” all-solid-state battery is mainly aimed at the power sector, with capacity increased to 60Ah, and can currently cycle under pressure of ≤5MPa, showing preliminary practical potential.

Almost simultaneously, the “2026 Chery Automobile Battery Night” was held, unveiling the Rhino Battery, which includes three major product series: hybrid, pure electric, and solid-state. Among these, breakthroughs have been made in the research and development of all-solid-state batteries, with cell energy density reaching 400Wh/kg and progressing towards 600Wh/kg, achieving a range of over 1500 km, with plans for the first deployment on the Xingtu ES8.

In addition, Chongqing Tailan New Energy Co., Ltd. and Yadi Technology Group Co., Ltd. collaborated to launch a high-end electric motorcycle, the “Yadi Guan Neng Xing Jian II-200L,” equipped with mass-produced semi-solid-state batteries, marking the commercial application of solid-state battery technology in two-wheeled vehicle scenarios.

CITIC Construction Investment stated that significant progress has been made in the industrialization of solid-state batteries, with major companies announcing the successful production of all-solid-state batteries and subsequent guidance for vehicle integration, attracting considerable attention. The time window for equipment companies to fulfill orders and release performance is opening up, and an increase in volume and price across the industrial chain is expected, maintaining a positive outlook on the allocation value of the solid-state battery sector.

Chemical Prices Continue to Rise

Chemical stocks collectively strengthened in the morning, with chemical raw materials, agricultural chemicals, and chemical products sectors performing well against the market. Bohai Chemical (600800) hit the daily limit after opening, marking the second consecutive day it has sealed the board, with Xinghua Co., Ltd. also quickly reaching the daily limit.

Real-time monitoring data from Wind showed that as of the midday close, the Shenwan Basic Chemical Industry received over 1.8 billion yuan in net inflow from main funds, with stocks such as Dufeng, Salt Lake Co., Ltd., Cangzhou Mingzhu, and Yahua Group each receiving over 100 million yuan in net inflows.

On March 25 local time, global chemical giant BASF announced that due to rising costs from the ongoing conflict in the Middle East, it will increase prices for more products. In Europe, it raised prices for its basic amine product portfolio by as much as 30%, with some products seeing even higher increases.

The blockade of the Strait of Hormuz has caused disruptions in the global energy supply chain, directly driving up prices of key basic chemical products such as ethylene and polypropylene. As of today’s midday close, the main contract price for ethylene futures has soared over 32% since March, while the main contract for polypropylene has surged by over 38% during the same period.

According to data from the Business Society, on March 25, the price of melamine surged by 7.89% in a single day, and sulfuric acid rose by 6.99%, making the chemical sector a major concentration area for commodity price increases.

Huaxin Securities believes that this round of rising oil prices will significantly amplify the price differential advantages of coal chemical, phosphorus chemical, and other segments with self-supply or substitution capabilities; at the same time, pure domestic demand and export-oriented agricultural chemical sub-sectors such as fertilizers and pesticides will benefit from the widening price differentials domestically and internationally, reinforcing the logic of food security and providing more solid support for prosperity.

Proofread by: Wang Jincheng