Chemical Products Price Shock Yantai Wanhua Profit Did Not Rise

Since the beginning of this year, prices of various chemical products have been affected by factors such as changes in energy, raw materials and supply and demand.

Recently, the prices of some chemical products have doubled since the beginning of the year, while others have seen a marked decline.

The ups and downs of the prices of chemical products directly affect the performance of the listed companies.

With the increase of oil prices, the price of most organic chemical products increased obviously.

But the price increase of different products is quite different, and the impact on listed companies is different.

The price of methanol rose from 2900 yuan (ton price) to 4300 yuan at the beginning of the year, or 48%.

At present, the main business of the listed company is methanol, which is mainly in Yuan Xing energy. Its annual capacity of Inner Mongolia Bo Yuan Joint Chemical Co., Ltd., which holds 66.2%, reaches 1 million tons. The annual output of Inner Mongolia Sulige Natural Gas Chemical Co., Ltd., which controls 88.76%, is 180 thousand tons and is expanding to 330 thousand tons.

Although the price of natural gas increased by 400 yuan / cubic meter at the beginning of the year, the company's revenue grew far more than its cost increase, and its performance rose as the price of methanol rose.

However, the listed companies taking methanol as raw materials were damaged by the rising price of methanol.

The main industry of Jiangshan chemical industry is two methyl formamide (DMF), because the price of raw materials, especially the price of methanol continues to rise, seriously affecting the company's profitability.

Although its DMF price has risen, it has failed to completely shift the pressure of rising costs. It is estimated that net profit in the first half of this year will drop by 70% to 100%.

1, the price of 4- butanediol continued to decline, down from 17000 yuan at the beginning of the year to 15800 yuan, or 7%.

Shanxi three dimensional is the largest 1 in China. 4- butanediol production enterprises are facing greater pressure when the price of calcium carbide rises and the price of butanediol falls.

Aniline prices rose from 10500 yuan to 15600 yuan, or nearly 50%.

At present, the main production of aniline in listed companies is double good shares, with an annual capacity of 50 thousand tons.

The price of styrene, another chemical product produced by the company, has also risen by a certain margin, rising from 10900 yuan to 13300 yuan at the beginning of the year, or 22%.

However, the price of raw benzene increased substantially from 8450 yuan to 10650 yuan, or 26%, so its profit situation has not been greatly improved.

PTA prices rose surprisingly, from 6950 yuan in the beginning to 9700 yuan, or nearly 40%.

As PTA rose more than para xylene, the profitability of enterprises improved.

At present, the main production of PTA in China's listed companies is Hualian holdings, which produced more than 1 million tons in 2007.

The price of TDI rose from 38000 yuan to 48000 yuan, or 26%.

At present, the production of TDI in listed companies mainly includes Cangzhou Dahua and LAN-STAR cleaning, with annual capacity of 30 thousand tons.

In addition, Jinchai chlor alkali and weapons company are joint venture to build TDI devices.

The price of MDI has been depressed since the beginning of this year. The price of aggregated MDI dropped from 24900 yuan to 22300 yuan at the beginning of the year, or more than 10%.

In 2007, Yantai Wanhua and Shanghai BASF new installations were put into operation, and the new production increased to about 400000 tons, far exceeding the domestic consumption growth rate.

The fall in MDI prices and the rising price of raw aniline resulted in a decline in gross profit margin of MDI production enterprises, which made Yantai Wanhua fail to synchronize its profits in the case of significant increase in capacity.

Chlor alkali products, as the price of oil rose from US $more than 90 / barrel to US $more than 130 / barrel at the beginning of the year, the cost of PVC, which is based on ethylene, has risen sharply. The performance of chlor alkali and chemical enterprises will be affected.

Calcium carbide market prices also rose from 3000 yuan to 4000 yuan, or more than 30%.

Calcium carbide method PVC prices also rose, from the beginning of 7100 yuan to the current 8500 yuan.

Some listed companies will be affected by the purchase of calcium carbide, but the performance of some self produced calcium carbide will increase.

Ying Li, Zhongtai chemical, Xinjiang Tianye and other companies have their own calcium carbide production equipment, the cost advantage is obvious.

Among them, the Sino Thai Chemical year produced 180 thousand tons of calcium carbide, the price is lower than the purchase price of 1000 yuan, the cost can be reduced by 180 million yuan.

Nanhua shares acquired calcium carbide enterprises in Guizhou, but because of the snow disaster in early years and recent earthquakes, the advantages of self produced calcium carbide can not be reflected. In the second half of this year, with the elimination of these unfavorable factors, the advantages of self produced calcium carbide will emerge.

Since the beginning of this year, the price of some inorganic chemicals has risen sharply, with sulfur, sulfuric acid and nitric acid rising the most.

The price of solid sulphur rose from 4000 yuan at the beginning of the year to 6000 yuan, or 50%.

The rising price of sulphur has led to a sharp rise in sulphuric acid prices, rising from 1300 yuan at the beginning of the year to 2000 yuan now, up to 54%, which benefited the enterprises that produced sulphuric acid from smelting tail gas.

Among the listed companies, the main production of acid from smelting tail gas is Jiangxi copper, Tongling nonferrous metals, and hang Bang smelting.

However, the rising price of sulfuric acid has brought great cost pressure to downstream enterprises, such as annada, nuclear titanium dioxide and other enterprises that produce titanium dioxide with sulfuric acid as raw material.

In addition, the rising price of sulphur and sulfuric acid also led to a significant increase in the production cost of phosphate fertilizer and compound fertilizer.

The increase in the price of nitric acid is even more alarming. The price of concentrated nitric acid has risen from 1900 yuan in the beginning to 4000 yuan in recent years, or more than 100%.

At present, the production of commercial nitric acid in the listed companies is mainly combined chemical industry. According to the company's announcement, the price of concentrated nitric acid has risen from 1988 yuan in early April to 3096 yuan in early May, and diluted nitric acid has risen from 773 yuan to 1058 yuan. The net profit in the first half of this year is expected to increase by 70% to 100% over the first half of this year.

In fact, after the announcement of the company, the factory price of concentrated nitric acid increased by more than 600 yuan.

The company's 100 thousand ton / year concentrated nitric acid project was put into operation at the end of June 2007. This year's output will increase considerably compared with that of last year.

Chemical fiber products this year, some of the prices of chemical fiber products showed a downward trend, of which spandex and viscose staple fiber decreased significantly.

Spandex fell 31%, resulting in a sharp decline in the performance of listed companies, Huafeng spandex expects the first half of the year will decline.

Viscose staple prices dropped from 22000 yuan to 15500 yuan, or nearly 30%.

Ao Yang technology, Xinxiang chemical fiber and other listed companies have announced that the interim results will be significantly reduced.