CITIC Securities: Energy storage drives the recovery of the upstream material market, and the price of chemical products is rebounding as efforts are made to combat internal competition.

CITIC Securities research report states that the chemical industry sector is currently mainly focusing on three major themes for trading: 1) Energy storage demand driving the improvement of the industry chain, with the upstream lithium batteries and other materials supply and demand structure expected to be reshaped, with a focus on recommending new energy-related material targets, lithium hexafluorophosphate, iron phosphate, and lithium iron phosphate industry chain; 2) Chemical anti-inner cycle continues to strengthen, with multiple industries initiating industry self-discipline, and chemical product prices are expected to bottom out and rebound; 3) The chemical industry itself is in a high prosperity period, with the main business expected to maintain high growth.