Petrochemical industry in 2009, or will mark the trough – car wash wax manufacturer
GF Securities Cao new in the December 3 issue of the Shanghai Securities News, wrote that the global economic slowdown led by the industry boom cycle in 2009 will mark the bottom, since China and the Middle East ethylene production capacity in 2009 and 2010 concentration of the release, so the petrochemical industry also lingered in the low one or two years.
In July 2008 after the financial crisis, China's chemical industry demand for rapid decline of the prices plummet, to September, industry profits nosedive. After rapid expansion in previous years, many Chinese chemical industry entered the era of oversupply, with the recent rapid shrinkage of demand, supply and demand contradiction prominent exception. Since 2008, significant increase in inventories, particularly in the third quarter, due to the price drop, high inventory problem is more prominent.
In the context of the industry downturn, the industry overall is relatively limited, Cao new proposal could be concerned about the opportunity to stage some of the industry: First, refining margins are expected to normalize, Sinopec will increase to enhance performance; second spring season to the fertilizer industry stage opportunities brought about, in particular the price of potash fertilizer demand may raise prices and rapid growth; Third, civil explosive sector to improve the economy.
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