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From Now On, The New Dye Price Will Be Implemented, Including: Disperse Black Ect Black 300% "At 25 Yuan / Kg!

2020/11/23 16:00:00 37

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On November 22, 2020 (Sunday), Zhejiang Longsheng Group Co., Ltd. issued a price adjustment letter, which decided that from November 22, 2020, the price of disperse dyes would be implemented according to the price list of "October 12". According to the "black yuan" price of other products, i.e. the "black yuan" price is 25%. We hope to understand and support our customers.

Table: Investment notes of canhai

In recent years, the development of dye enterprises is not smooth. This year, the spread of the epidemic has been to bear the pressure of the industry even worse. The impact of the epidemic situation has become the primary factor restricting the development of the industry, and the epidemic situation has a profound impact on the supply and demand of the dye industry. Although the domestic epidemic situation has been effectively curbed, it is still unknown when the global epidemic will peak. Enterprises have not yet seen the turning point of foreign epidemic control and economic recovery.

Table: Investment notes of canhai

On the other hand, since the end of September, the prices of various kinds of Acer based chemical raw materials and intermediate bodies have risen sharply. By the middle of November, the price of some raw materials has increased by more than 50%, which has caused great pressure on the production cost of dyes. In order to properly digest part of the cost pressure caused by rising raw materials.

Judging from the data of the previous three quarters' financial reports, Zhejiang Longsheng still continues its leading position in 2019, ranking first with operating revenue of 11.295 billion yuan and net profit of 3.16 billion yuan. However, compared with the same period last year, the company's operating income and net profit decreased by 32.05% and 18.61% respectively. Runtu, the second largest company in the industry, achieved revenue of 3.654 billion yuan in the first three quarters, a year-on-year decrease of 28.46%, and a net profit of 556 million yuan, a year-on-year decrease of 48.33%. Among them, the net profit in the third quarter was 181 million yuan, down 27.44% from the same period last year. Compared with the same period of last year, the group's net profit decreased by RMB 1.46 billion to RMB 1.39 billion, representing a decrease of RMB 1.39 billion.

Affected by the epidemic situation this year, the price of dyes has always been low, and the sales situation in foreign markets is not ideal. However, the domestic market order volume is more than in previous years, dyeing and chemical auxiliaries enterprises hope to achieve the same sales volume as last year through the increase of domestic orders.