The chemical industry recovery is the trend of The Times Bottoming out is beginning
The chemical industry recovery is the trend of The Times Bottoming out is beginning
Recently, many significant chemical industry product prices, also drove the market performance of listed companies. From pure terephthalic acid (PTA) (7046, 2.00, 0.03%) to the polyester filament, from ethylene and propylene to vitamins, spandex, prices rise, chemical field there are signs of recovery. The securities times reporter interviewed a number of listed companies, industry analysts, the parties are given the industry rebound reason is multifarious.
In the process of interview of listed companies, no matter on which, the reporter understands the reason outside of the following: environmental factors the boom of the cut, is too low, the price war pause, leak or fewer new capacity and so on.
The a variety of reasons to doubt chemical recovery of each industry is accidental, not from the common factor in the economic recovery. If so, the recovery is well below expectations. After all, a niche business recovery range is small, not only but also affected by the environment, the trend of its own can't last long.
When we began to wonder if the chemical of the sector's recovery is just a flash in the pan, and then the son industry recovery trend keeps emerging. In such a tangle of troubles, we may find another common reason, that is a lot of chemical products, early really too fall. Immerse the capital market has long people all know, stocks fall more, nature will rise. Similarly, an industry downturn is too long, itself will integrate and eliminated. Is similar to that of the secondary market, chemical products prices is not occasional, a lot of reasons, on the table, is not necessarily the real answer.
From the point of recently gained momentum in the PTA, the main futures contract rose nearly 20%. Analysts told them that the domestic PTA plant continue to implement the insurance on a \"leak\" mode, parking device maintenance message continuously. So far, domestic PTA instant starts fell to about 63%. Due to the PTA plant concentration limit production, inventory reductions and intensified the market supplies, spot prices rose sharply in a row. The rising reasons about ethylene, propylene, have the view is affected by the international crude oil increases, there is also a saying is caused by short-term manufacturer stock up.
In fact, in recent years, due to the economic downturn, overcapacity, most chemical products prices are encountered by, and even fell more than 70%. Both the early recovery of glyphosate and recent high-profile PTA, horrible market price has dropped, so to speak, the survival of enterprises has been very difficult. In this context, the enterprise situation began to rebound.
On the one hand, the relevant departments will veto excess capacity on demand, have been built and polluting, will be shut down. , on the other hand, to the enterprise itself, in the past economy degree is high, can compete on price and other market, times are hard for everyone, now would be easy to hand in hand, to deal with the upstream and downstream.
From this perspective, the chemical industry's recovery is the trend of The Times. And the reason of the recovery, look be like multifarious, in fact just bottoming out of a header.
