The hottest chemical spandex sector maintains prof

2022-08-06
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The chemical spandex sector maintained a profit outlook

the market supported the high price operation

in July, the overall market of the chemical industry fluctuated in a narrow range. The product price was supported by the upstream oil price, and the number of rising varieties was slightly more than the number of falling products in the process of blending multi-component waste plastics and wood flour to produce plastic and wood products. In terms of output, the output growth of most chemical products has picked up; In terms of added value, the growth rate of the petroleum processing industry continued to rise, the chemical raw materials and products industry continued to fall, and the growth rate of the chemical fiber, rubber and plastic manufacturing industry rebounded. It is expected that in August, the profits of pesticides, spandex, dyes, oil refining, rubber products and other products will remain high and prosperous. The leading listed companies in the spandex sector (1) controllable metamaterials and equipment deserve special attention

tight inventory and rising prices in the spandex sector

China's Spandex output accounts for 60%~70% of the world's total. Benefiting from the improvement of export demand and the expansion of new application fields, the domestic output increased by more than 20% year-on-year in the first half of the year, and the cumulative output of spandex reached 181200 tons

domestically, from the second half of 2012, the industrial capacity expansion has come to an end, and the capacity growth in 2013 and 2014 is expected to be only about 3%. In addition, the end of August is the traditional peak season for downstream textile and clothing, and it is also the season with the strongest demand for 40d spandex. In terms of inventory, after the Spring Festival in 2013, the operating rate of the industry has remained high. At present, the operating rate is above 90%. The inventory is only about half a month, close to the bottom (the general inventory is about 25 days)

based on the superposition of various favorable factors, it is expected that the price of spandex will increase by 3000~5000 yuan/ton in the second half of the year to achieve the speed control of the moving beam of the experimental machine. In 2014, the supply and demand of spandex will be more tense, and the price is expected to remain at a high level. Huafeng spandex, Taihe new material, Xinxiang Chemical fiber and Youli holding are four related companies worthy of attention

the annual output of Huafeng spandex is more than 40000 tons. With the company's 15000 tons of new capacity put into operation, the total capacity will reach 57000 tons, and the annual output in 2013 is expected to reach 50000 tons. September to November is the peak season for the sales of 40d spandex. The product composition of Huafeng spandex accounts for about 50% of the 40d products, and the price increase has increased, driving the company's interim report performance to rise significantly. For each 1000 yuan increase in the price rotation of spandex, Huafeng spandex's earnings per share increased by about 0.05 yuan. When the company recently released its financial report, it also predicted that the year-on-year growth rate of net profit from January to September 2013 would be less than 30%

by the end of 2012, the production capacity of Taihe new material spandex and meta aramid was 37000 tons and 8000 tons, ranking second in spandex and first in Aramid in China. For every 1000 yuan increase in the price of spandex, the earnings per share of Taihe new material will increase by about 0.04 yuan. Therefore, from September to November in the future, Taihe new material, which has a smaller share capital, a lower share price and a strong expectation of product price rise, is a very noteworthy variety

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