This week, the overall production and sales of the chemical industry rose steadily, with little increase or decrease. There are only two products with a price increase of more than 5%. The sluggish demand caused the prices of chlor-alkali and soda ash to continue to fall. The rebound in oil prices pushed up the price of petrochemical products such as propylene, toluene, and xylene, and drove the prices of downstream products including aniline, aniline, phenol, and propylene oxide to rise. The imbalance between supply and demand led to the analysis of the market's bleak business community. The reasons for this week's chemical market are: international crude oil prices fluctuated at a high level this week, and the weekend's opening price surged to a high of US$99/barrel and dropped sharply, at around US$97/barrel. Stable, strong cost support to the petrochemical market, Sinopec, CNPC successively raised ** listing prices this week; supply and demand imbalances led to market transactions are light, for example, **, **, ethyl acetate and other products started this week The rate is higher, and downstream goods are generally cautious, and the situation of oversupply has caused prices to fall; traditional light seasons have obvious distinctions and have a strong influence on the spot market. For example, in the current off-season refrigerant season, the upstream PTFE, **** products are inexhaustible. As expected, equipment overhaul has become a common weapon for manufacturers to cope with the market. For example, some chlor-alkali enterprises have stopped and overhauled this week to delay the fall in prices. Acetic acid companies have also planned to start parking in August to cope with the downturn in the market; Industry chain transmission, for example, this week ** prices soaring, affected by phenol, cyclohexanone, aniline and other products With a slight rise.
What needs to be mentioned is that this week, propylene oxide offered 15,250 yuan/ton at the beginning of the week and 15,650 yuan/ton at the weekend, rising slightly by 2.62%. The trading volume showed an upward trend, which rose sharply compared with the same period of last year, with an increase of 40.36%.
In 2011, the market price of propylene oxide in China continued to rise steadily. According to a study by CITIC Construction, the main product of Binhua Chemical, which has entered the business cycle since the beginning of this year, has a maximum price of RMB 16,450/tonne since its launch in March, while raw material propylene prices have fluctuate little during the same period, bringing this to the company. A huge profit. Since May, the price of propylene oxide has dropped by a certain extent, but the prices of raw materials such as propylene and propylene have also declined, and the company's profitability is still relatively large. Binhua’s half-year net profit increased by 131.7%. On July 20th, the semi-annual report released by Binhua (601678, closing price of 18.38 yuan) showed that the company’s operating income was 2.328 billion yuan; operating profit was 482 million yuan, compared with the same period of last year. It increased by 131.65%; net profit attributable to the parent company was 353 million yuan, an increase of 126.93% over the same period of last year; and realized a profit of 0.5352 yuan per share.
According to the report, in the first half of the year, the major reason for the significant year-on-year increase in its operating results was the increase in the economic prosperity of the national chemical industry during the reporting period. The company’s comprehensive supporting and recycling economy industrial chain was well developed. The company seized the opportunity to optimize the product structure and equipment. At full load, the prices of its main products, propylene oxide and caustic soda, rose sharply, and sales of its trichloroethylene products continued to increase. Business News Agency August 1st international crude oil prices fell slightly this week, oil prices once again touched the 100 US dollars / barrel position this week, but soon began to fall slightly, the market price fluctuations, but the volatility is relatively small. Although the eyes of the market are now drawn above the government debt of the United States, investors will then focus again on the European market where the economic situation is not optimistic. Therefore, it is expected that there will be more funds to temporarily abandon risky assets and crude oil prices will be under pressure.
Analysts: The methanol trading price needs to be cautious. The comprehensive offer price of 5,500 kcal of thermal coal is RMB 837/ton, which is RMB 5/ton lower than last week. The price of thermal coal has dropped slightly for three consecutive weeks, and the decline has been expanding. From the perspective of the domestic liquefied petroleum gas market ups and downs, due to the gradual emergence of inventory pressure, the overall trend is down, turnover is weak, trading atmosphere is generally.
Analyst Zhou Cuiping, analyst of LPG at the Energy Branch of the Business Club, believes that the domestic LPG market in the short-term is still inevitably turbulent and the trend is not optimistic. The price of dimethyl ether rose steadily. As of yesterday (July 29), the domestic average price of dimethyl ether was reported at 4,598 yuan/ton, which was an increase of 1.56% from the price of 4,527 yuan/ton at the beginning of the week.
It is worth noting that the average price of the domestic methanol market this week was 2,796 yuan/ton at the beginning of the week and 2,871 yuan/ton at the weekend, up 2.68%. The domestic methanol market continued to rise this week. External disk prices continued to rise this week, driving the port atmosphere to be good. Due to the rapid growth, the downstream products have been weak, and Wang Min, a methanol analyst at the Energy Branch of the Business Society, believes that the current methanol market is more psychologically hype and the transaction is stalemate. Trading should be done with caution.
The pre-increase in methanol of Interim Energy's interim results is the major product of Yuanxing Energy. In 2010, the company's methanol revenue was 1.681 billion yuan, and its operating profit was 193 million yuan, accounting for 72.04% of its main business revenue.
The domestic methanol market experienced a slight rise for some time at the beginning of the year, but after late February, due to weak demand after the Spring Festival, methanol prices fell sharply. The drop in the price of methanol in the first quarter also affected the performance of Yuanxing Energy in the first quarter. The company’s quarterly report on April 16 showed that the net profit was 6.25 million yuan, a year-on-year decrease of 82.94%, and the earnings per share was RMB 0.01.
In April, the price of downstream acetic acid rose madly, driving the methanol price to increase strongly, reaching 2,811 yuan/ton high in early May, and then fluctuate and decline. Due to the busy wheat harvest season, downstream formaldehyde ushered in the traditional off-season, and the demand was low, until the end of June methanol The average price fell to 2,672 yuan/ton. After experiencing a gradual decline for more than a month, it began to pick up slightly from the end of June.
As the price of methanol rose, Yuanxing Energy's performance also rebounded sharply. On July 8, the company released its half-year performance forecast. The net profit for the first half of the year was 71 million yuan, which was an increase of 50% to 100% year-on-year and a return of 0.09 yuan per share. At the same time, the company pointed out in the notice that the main reasons for the increase in net profit were the increase in sales of coal products from the company's main products, the increase in selling prices, and the increase in the price of methanol, which affected the increase in profits by about 90 million yuan.
What needs to be mentioned is that this week, propylene oxide offered 15,250 yuan/ton at the beginning of the week and 15,650 yuan/ton at the weekend, rising slightly by 2.62%. The trading volume showed an upward trend, which rose sharply compared with the same period of last year, with an increase of 40.36%.
In 2011, the market price of propylene oxide in China continued to rise steadily. According to a study by CITIC Construction, the main product of Binhua Chemical, which has entered the business cycle since the beginning of this year, has a maximum price of RMB 16,450/tonne since its launch in March, while raw material propylene prices have fluctuate little during the same period, bringing this to the company. A huge profit. Since May, the price of propylene oxide has dropped by a certain extent, but the prices of raw materials such as propylene and propylene have also declined, and the company's profitability is still relatively large. Binhua’s half-year net profit increased by 131.7%. On July 20th, the semi-annual report released by Binhua (601678, closing price of 18.38 yuan) showed that the company’s operating income was 2.328 billion yuan; operating profit was 482 million yuan, compared with the same period of last year. It increased by 131.65%; net profit attributable to the parent company was 353 million yuan, an increase of 126.93% over the same period of last year; and realized a profit of 0.5352 yuan per share.
According to the report, in the first half of the year, the major reason for the significant year-on-year increase in its operating results was the increase in the economic prosperity of the national chemical industry during the reporting period. The company’s comprehensive supporting and recycling economy industrial chain was well developed. The company seized the opportunity to optimize the product structure and equipment. At full load, the prices of its main products, propylene oxide and caustic soda, rose sharply, and sales of its trichloroethylene products continued to increase. Business News Agency August 1st international crude oil prices fell slightly this week, oil prices once again touched the 100 US dollars / barrel position this week, but soon began to fall slightly, the market price fluctuations, but the volatility is relatively small. Although the eyes of the market are now drawn above the government debt of the United States, investors will then focus again on the European market where the economic situation is not optimistic. Therefore, it is expected that there will be more funds to temporarily abandon risky assets and crude oil prices will be under pressure.
Analysts: The methanol trading price needs to be cautious. The comprehensive offer price of 5,500 kcal of thermal coal is RMB 837/ton, which is RMB 5/ton lower than last week. The price of thermal coal has dropped slightly for three consecutive weeks, and the decline has been expanding. From the perspective of the domestic liquefied petroleum gas market ups and downs, due to the gradual emergence of inventory pressure, the overall trend is down, turnover is weak, trading atmosphere is generally.
Analyst Zhou Cuiping, analyst of LPG at the Energy Branch of the Business Club, believes that the domestic LPG market in the short-term is still inevitably turbulent and the trend is not optimistic. The price of dimethyl ether rose steadily. As of yesterday (July 29), the domestic average price of dimethyl ether was reported at 4,598 yuan/ton, which was an increase of 1.56% from the price of 4,527 yuan/ton at the beginning of the week.
It is worth noting that the average price of the domestic methanol market this week was 2,796 yuan/ton at the beginning of the week and 2,871 yuan/ton at the weekend, up 2.68%. The domestic methanol market continued to rise this week. External disk prices continued to rise this week, driving the port atmosphere to be good. Due to the rapid growth, the downstream products have been weak, and Wang Min, a methanol analyst at the Energy Branch of the Business Society, believes that the current methanol market is more psychologically hype and the transaction is stalemate. Trading should be done with caution.
The pre-increase in methanol of Interim Energy's interim results is the major product of Yuanxing Energy. In 2010, the company's methanol revenue was 1.681 billion yuan, and its operating profit was 193 million yuan, accounting for 72.04% of its main business revenue.
The domestic methanol market experienced a slight rise for some time at the beginning of the year, but after late February, due to weak demand after the Spring Festival, methanol prices fell sharply. The drop in the price of methanol in the first quarter also affected the performance of Yuanxing Energy in the first quarter. The company’s quarterly report on April 16 showed that the net profit was 6.25 million yuan, a year-on-year decrease of 82.94%, and the earnings per share was RMB 0.01.
In April, the price of downstream acetic acid rose madly, driving the methanol price to increase strongly, reaching 2,811 yuan/ton high in early May, and then fluctuate and decline. Due to the busy wheat harvest season, downstream formaldehyde ushered in the traditional off-season, and the demand was low, until the end of June methanol The average price fell to 2,672 yuan/ton. After experiencing a gradual decline for more than a month, it began to pick up slightly from the end of June.
As the price of methanol rose, Yuanxing Energy's performance also rebounded sharply. On July 8, the company released its half-year performance forecast. The net profit for the first half of the year was 71 million yuan, which was an increase of 50% to 100% year-on-year and a return of 0.09 yuan per share. At the same time, the company pointed out in the notice that the main reasons for the increase in net profit were the increase in sales of coal products from the company's main products, the increase in selling prices, and the increase in the price of methanol, which affected the increase in profits by about 90 million yuan.
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