Jin Jiuyin's arrival in the chemical industry rebounded

Jin Jiuyin's arrival in the chemical industry rebounded

At present, macroeconomic growth has shown signs of stabilization and recovery. In August, PMI data rose to 51, hitting a 16-month high; HSBC announced that the final value of China's manufacturing PMI rose to 50.1 in August, and the final value in July was 47.7. The rebound of new orders and outputs is an important factor in boosting the economic rebound. With the arrival of gold, nine silver and 10, the company's stock-repairing behavior is expected to continue, and the chemical industry as a whole is also showing a slight rebound. Business statistics show that in August the number of mainstream chemical species rose, with a monthly increase of 29% and 18% for methylene chloride and butadiene. TDI and glyphosate also rose by 12% and 7%, while the top-ranking refrigerants R134a also lost only 7%. Under the dual role of environmental protection pressure and downstream demand, the price adjustment of titanium dioxide companies is expected to be strong, and the leading company Sichuan Longxuan has also clearly indicated its intention to increase prices.

Titanium dioxide demand is expected to rise sharply during the peak season The titanium dioxide industry in the boom period of 2011, the company’s share price has soared. According to the latest information from Shanghai Securities Daily, the titanium dioxide industry has seen a significant improvement since the demand season of gold, nine silver and 10, and both shipments and prices have improved. In recent weeks, the price of anatase titanium dioxide has risen, and the production of rutile titanium dioxide has significantly improved. The price adjustment is expected to be strong.

In late August, Panzhihua Iron and Steel Company's Chongqing Titanium Industry was suspended due to pollution, and Longyi Titanium was also hindered by environmental issues. Due to market expectations, titanium dioxide rebounded. At present, the downstream coatings are driven by the real estate season and the demand is clearly improving. Titanium dioxide is expected to usher in the second wave of rally. In addition, the market's environmental protection policies are also expected to be introduced during the year.

In addition, under the pressure of environmental protection, the denitrification of flue gas and the treatment of exhaust gas will accelerate, and titanium dioxide for denitration is also expected to usher in accelerated development, and it also opens up new market space for titanium dioxide. According to estimates by the agency, the current mainstream denitrification catalysts are vanadium-titanium series catalysts, which consume 0.8 tons of titanium dioxide per cubic meter. According to the national coal-fired thermal power plants, the maximum emission limit of nitrogen oxides should be reduced to 100mg by July 2014. / M3, a total of 422,500 tons was consumed, effectively mitigating the conflict between supply and demand of titanium dioxide. Titanium dioxide production capacity was about 2.6 million tons at the end of 2012.

In the case of listed companies, Salisbury has a production capacity of 160,000 tons of rutile titanium dioxide. At present, the number of pull-to-car trucks in the company's warehouses has increased significantly. Sales managers need to go to warehouses to check inventory when shipped to prevent out-of-stock, and there are many stocks before. problem. Jinpu Titanium has a capacity of 80,000 tons. In August, sales of rutile titanium dioxide increased by 20% from July.

The supply and demand of strong chemical varieties continue to be affected by the pressure from environmental protection, and the strong chemical varieties such as glyphosate, spandex, and dyes, which have benefited from this year's supply contraction, have continued to enjoy good economic conditions. According to information from Shanghai Securities News, currently the industry's capacity is still limited, and most SMEs choose to stop and overhaul.

Taking glyphosate as an example, in August, the output of glyphosate was basically the same as that in July, and there was no volume increase. Most SMEs production capacity was still discontinued. The recent sublimation of Baek in the SSE Interactive Platform stated that it was affected by special environmental rectification actions. At present, the company does not produce glyphosate, and the subsidiary company Zhejiang Baike Cape Chemical Co., Ltd. is still in suspension of production coordination. The industry expects that in the first half of September, mainstream suppliers will have maintenance plans and supply tensions will continue.

For spandex, the peak season of demand has come, and downstream demand has improved. Manufacturers' inventory is in a tight state. In the past week, a number of spandex companies plan to raise prices, and mainstream varieties such as 40D have risen by an average of nearly 1,000 yuan per ton. Among them, Huafeng Spandex under the tight stock support, the price of its brand part of the specification of spandex increased, 30D specifications increased by 2,000 yuan / ton, 40D specifications increased by 1,000 yuan / ton, starting on September 1. Shuangliang Spandex and Taihe New Materials are also tightening their inventory. Last week, the price of some of the specifications of spandex was raised by RMB 1,000-2,000/t.

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