Chlor
Alkali industry in China is known as an important production base of Tangshan Sanyou chemical released 2009 annual report. During the reporting period, the company achieved operating income of 3.58 billion yuan, net profit of 38.466 million yuan, 0.041 yuan per share. Net income and earnings per share decreased 80% year on year.
Previously, Shandong Haihua report shows that in 2009 a loss of 7 million, earnings per share loss 0.79. Chlor-alkali chemical released by Express showed that in 2009 net profit attributable to shareholders of listed companies, a loss of 390 million yuan, 0.3343 yuan per share loss. ST Jinhua expected 2009 loss of about 4.9 billion yuan, 1.451 yuan per share of about losses. South of shares is expected to 2009 the annual loss of about 280 million yuan. Qingdao Soda Ash Industrial expected 2009 net profit of about 210 million yuan loss.
3 Friends of the Chemical Industry, Shandong Haihua, ST Jinhua, Qingdao Soda Ash Industrial are chlor-alkali industry sector listed companies. Chlor-alkali industry leading products for soda ash, PVC and caustic soda. Soda ash and caustic soda is the foundation chemicals. Process, the industrial brine electrolysis produces caustic soda and chlorine. Of chlorine and ethylene or acetylene synthesis of PVC. Caustic soda, soda ash is the downstream product. Soda ash is mainly downstream of the glass. Caustic soda downstream industries as aluminum, paper and so on.
Analysts said the surplus is the main reason for loss of chlor-alkali industry. Data show that in 2009, PVC production capacity 17.8 million tons, and the apparent demand for 10.55 million tons in 2010, new PVC production capacity will be 2.1 million tons. In 2009 to 27.93 million tons of caustic soda production capacity, production 19.4 million tons, and the apparent demand for 18 million tons in 2010, is expected to increase production capacity 5.97 million tons.
Surplus in the industry, under pressure to control costs, enterprises can have the last laugh. PVC has two production lines: ethylene, or calcium carbide method. Of crude oil feedstock ethylene France. Law calcium carbide raw material is coal. China's oil-poor, ethylene PVC with France soaring crude oil prices while the economy is fading, calcium carbide method crescendo. Coal, "Coal – calcium carbide – PVC" industrial chain of raw materials, PVC new capacity began to relatively abundant coal resources, central and western regions.
At present, the Sino-Thai chemistry, Yili Energy, the British special forces are building a coal-to-PVC industry chain. As a result, coal, electric power became the main factors determine the cost of chlor-alkali. Special status of the British forces in Ningxia, through the power, resources, and chlor-alkali integration, is currently the most comprehensive cost advantages of PVC business. Large shareholders, the British forces and the British forces Guodian special groups in Ningxia planned Ningdong acetylene and other related chemical industrial park area, supporting a large number of coal resources. Some analysts argue that the British special forces may be involved in the construction of this park.
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