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    Home > Coatings News > Paints and Coatings Market > The dye coating industry surged 6.37% last week

    The dye coating industry surged 6.37% last week

    • Last Update: 2021-11-15
    • Source: Internet
    • Author: User
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    Global Coatings Network News:

    Global Coatings Network News:

    Dyestuffs and coatings concept stocks, which have been relatively sluggish in the early stage, have suddenly exerted force in the near future.
    Among them, Zhejiang Longsheng (600352, stocks) rose 6.
    11% last Friday and 11.
    99% a week, thus driving the dye coating industry in the last week.
    Soaring 6.

    In this regard, some believe that this is mainly due to the drop in oil prices, which greatly reduces the raw material costs of listed dyestuffs and coatings companies.
    Correspondingly, their downstream demand is still stable, for example, the demand for clothes of residents is still strong.
    Moreover, with the sharp increase in the sales volume of low-end and medium-end brands such as Taobao, a pattern of falling raw material prices, stable downstream demand and stable product prices has been formed.
    In this way, the profitability of listed dyestuffs and coatings companies is indeed in an upward channel, which drives the upward shift of the stock price.

    More importantly, the current increase in environmental protection has caused the supply side of the dye coating industry to continue to shrink.
    It is not just the raw material industry.
    The continuous closure of dye intermediate production capacity has caused a large number of small and medium-sized dye and coating companies to lack raw material supply and face Closed pressure.
    Global Coatings Network understands that the dye and coating industry itself is also a highly polluting industry.
    Therefore, under the high-pressure environmental protection policy, small companies have shut down and switched, and the dye and coating industry has gradually become an oligopoly, which is conducive to their pricing power for end product prices.

    In fact, this is indeed the case.
    Since 2013, the price of dyes and coatings has risen all the way, and the price of reactive dyes once exceeded 40,000 yuan/ton, which greatly boosted Zhejiang Longsheng, Annoqi (300067, shares), and Runtu.
    (002440, shares it) and other listed dyestuff coating companies profitability.
    It seems that with the further decline in oil prices, the profitability of such stocks will continue to expand, which will drive a further upward shift in the stock price.
    Therefore, the short-term trend of such stocks is worth looking forward to.
    At the same time, the stock price trend of other listed chemical companies that also benefited from the decline in oil prices can also be tracked.
    (Source: Global Coatings Network) (For more information, please log in: Global Coatings Network
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