In the context of the traditional industry downturn, some sub sectors of the recent chemical sector continue to show signs of recovery, the recovery process in the common factors are gradually emerging. Among them, to Juhua (600.16 thousand) involved in the chlorodifluoromethane (R22) products, chemical 818 involved of epoxy propane and other products of the recovery is the most representative.
Excess capacity in the industry, in the context of sluggish demand, the relevant enterprises to actively stop production, production, maintenance, coupled with environmental policy tightened, the price of the chemical products began to pick up. Reporters noted that the recovery of the chemical industry, the scene is expected to appear in more traditional industries.
It is reported that last week, the East China area epoxy propane prices rose 3.9 percent to 1.32 million yuan / tons, mainly driven by liquid chlorine rising prices of raw materials and its supply is tight. The reporter understands, currently in the downstream of the epoxy propane although on-demand procurement, but the production manufacturers overall start a high load, low inventory, coupled with Zhenhai Refining & Chemical, Shandong Yongda and other enterprises shut down for maintenance, the market supply is tight.
Fluorine chemical industry also has a similar situation. Some enterprises last week to R22 raised ex factory price, the Linhai Limin offer up 700 yuan / ton to 1.42 million yuan / ton, Shandong Dongyue, Jiangsu Meilan, also raised the action, the rate of increase in 300 yuan / tons to 400 yuan / ton. Since the beginning of the year, because the R22 manufacturers expected weak demand led to the industry overall operating load is low, less inventory. But since March this year, the downstream demand exceeds the original expectations of refrigerant industry, led to the current market supply is tight.
In recent years, the production capacity of these chemical species reduction, on the one hand, the industry itself is in the doldrums, on the other hand, but also because of the strict environmental policy.
Reporters noted that in 2010 ~2011, a substantial expansion of fluorine chemical industry, coupled with the downstream demand growth rate down, making the industry oversupply, product prices continue to fall.
Since August 2013, the Ministry of environmental protection made a "on the strengthening of the containing HCFC production, sale and use of management notice", will be the implementation of refrigerant (HCFCs) production, sale and use of quotas and record management system, HCFCs quota further reduced. To commodity, warmer temperatures push up demand for refrigerants and new environmental law amendments through, become a major cause of fluorine chemical products prices. In addition, the new environmental law will be implemented in January 1, 2015, which will help eliminate backward production capacity in the chemical industry, reduce market supply, boost product prices.
Recent market star Runtu (002440), Zhejiang Long Sheng (600352) dye price continues to rise, and the same benefit from tighter environmental. Because of the continued tight supply of H acid intermediate, reactive dyes following the end of April, a sharp rise, per ton at the beginning of the week average once again raised the 5000 yuan to 6000 yuan, at present the mainstream price of about 5.5 million yuan / ton to 5.6 million yuan / ton. In addition, the mainstream of the current average price of disperse dyes is maintained at 45 thousand yuan / ton.
Recovery of the chemical industry may be a glimmer of hope for the traditional industries. In recent years, iron and steel, cement and other industries related to the traditional economy, severe overcapacity, which makes investors do not see the hope of recovery in the industry. However, the difference is that the chemical industry, iron and steel, cement and other industries to invest large, deep corporate background, to eliminate these environmental protection through the production capacity, the chemical industry is clearly much more difficult. Analysis of the industry, in this case, to actively promote the industry's market itself, the survival of the fittest, mergers and acquisitions, and perhaps more conducive to the long-term development of these traditional industries.