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    Home > Coatings News > Paints and Coatings Market > The performance of the chemical sub-sectors climbs, the coatings market has improved

    The performance of the chemical sub-sectors climbs, the coatings market has improved

    • Last Update: 2021-11-06
    • Source: Internet
    • Author: User
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    In addition to new shares, the reform of state-owned enterprises in the chemical industry and the restructuring and transformation of companies are most favored by the market.


    Dow Technology went public on December 3, and as of the close of the market on December 22, its stock price had risen by 75.


    The stock price of Yuntianhua, which recently introduced foreign investors and established a joint venture company, has reached a new high this year.


    Chitianhua, another listed chemical fertilizer company, recently changed its actual controller from the State-owned Assets Supervision and Administration Commission of Guizhou Province to Ding Linhong, the actual controller of Shengji Church.


    According to statistics, there are more than 90 state-controlled listed companies in the basic chemical industry.


    Valuation is low

    At present, the trend of capacity reduction in the chemical industry is still continuing, the overall profitability of the industry has not changed significantly, and the financial costs of listed companies are high.


    On the other hand, as the interest rate cut cycle is expected in the coming year, the cost of debt financing is expected to decrease, which is expected to increase the overall net profit margin of the industry.


    It is worth noting that the PB valuation of the chemical industry is at a historically low level.


    Some sub-sectors are basically well-oriented

    Driven by better demand and lower costs, the profitability of some chemical sub-sectors is expected to improve in the near future.


    Some analysts said that after more than two years of price decline, the price of potash has been at a historical low, and the prices of potash and nitrogen in some markets have been upside down, which will promote potash consumption.


    At present, China's potash fertilizer market price is in a depression in the international market, and negotiations for a large potash fertilizer contract in 2015 are underway.


    The disperse dyes sub-industry continues to benefit from the reduction of production capacity under the strict environmental protection policy.


    Since July this year, international oil prices have been falling all the way, with a drop of more than 40% within six months.


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