Prices of leather chemicals dropped, focusing on dyes and fine chemicals.
With the development of economy, leather chemical industry has also received unprecedented challenges in recent years. What is the prospect of leather chemical industry? This article introduces the prospect of leather chemical industry from the following aspects.
In the future, the development trend of the basic chemical industry will be as follows: (1) WTI crude oil price takes 95/barrel as the fluctuation center; (2) chemical product prices remain stable as a whole; (3) substantial demand recovery remains to be observed; (4) environmental protection and energy conservation continue to cause supply-side contraction of some sub-industries; and the basic chemical industry as a whole gives a "hold" rating.
Focus on the sub injection industry.
Sub sectors can focus on:
(1) dyestuff industry;
(2) fine chemical industry;
(3) MDI industry;
(4) viscose staple fiber industry;
(5) compound fertilizer industry;
(6) automobile industry chain.
From March 17th to March 21st, the gf's investment portfolio was 0.8%.
Current investment portfolio:
Chemical products: crude oil, coal prices stable, cotton, rubber fell; chemical prices fell more or less, price spreads rise or fall considerably.
(1) crude oil and coal prices were stable, and cotton and rubber fell.
(two) the price of chemical products has risen much less.
Of the 220 products we followed this week compared with last week, 39 were higher, 90 were stable, 91 were lower, and the number of three categories accounted for 18%, 41% and 41% of the total. Products with larger price increases include vinyl acetate (15.7%) and R22 (8.6%). Products with significant price declines include methanol (-11.5%), SBS (-8.5%), titanium concentrate (-6.9%), ammonium chloride (-6.9%), ammonium nitrate (-5.9%) and international butadiene (-5.0%).
(three) the profitability of chemical products is almost the same.
Of the 43 product spreads we tracked, 20 have widened, 3 have stabilized, 20 have narrowed, and the number of three categories is 47%, 7% and 47% respectively, compared with last week. The products with larger price spread were PTA (117.0%), R22 (55.4%), DMF (45.7%), maleic anhydride BDO (15.9%), acetic acid (13.6%), adipic acid (10.2%) and acetic anhydride (5.4%). The products with large price difference reduction range are methanol (-24.4%), ethylene PVC (-22.6%), polyester filament FDY (-22.6%), polyester staple (-9.6%), sodium tripolyphosphate (-9.4%), calcium carbide PVC (-8.5%) and butanone (-5.0%).
Industry trend: win win
. Industry Valuation: below historical average.