[hot] Gade chemical network daily In recent years the chemical industry supply and demand situation improved, chlor alkali, epoxy propane cycle industry developed, is expected to usher in the dawn, the market will pick up propylene oxide. The semiconductor chemical industry will also usher in development opportunities, domestic electronic chemicals represent the general trend, a huge import substitution space. Fuel cell, lithium battery materials, OLED industry is also growing.
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Nearly four years of existence and the bottleneck of the traditional inefficient environmental protection industry, ushered in the supply and demand balance point. In crude oil and other upstream raw material prices rise in the background, the price elasticity. The new material industry in semiconductor materials of lithium battery materials, as the representative of the demand, entered a period of rapid growth, huge space for future earnings growth.
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At the same time, benefit from environmental protection policies to restore production capacity, supply and demand in most traditional chemical sub sectors to the equilibrium level, in the history of inventory low, the industry boom significantly improved. On the other hand, the integration of the industry and the new business volume to bring new development space. We believe that the chemical industry to benefit from the effects of supply and demand and improve the downstream applications driven, the overall profitability of the industry is expected to improve, given the industry recommended rating.
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A: chlor alkali, epoxy propane cycle industry for the better
Chlor alkali industry is expected to usher in the dawn
1, to the capacity of the industry entered a substantive stage, industry concentration further improved. In 2015, with an annual output of more than 400 thousand t/a enterprises accounted for the proportion of production capacity increased from 27.1% in 2010 to 37.7% in 2015;
2, the industry average operating rate remained low. Caustic soda plant operating rate from 69% in 2010 to about 80% now increased steadily. PVC plant operating rate for five consecutive years since 2008 60%, nearly two years increased, in 2015 the industry operating rate of 69%;
3, backward production capacity continue to exit, cluster and park become the mainstream of the development of the China chlor alkali industry;
4, the downstream pick up will continue to constitute a strong support for the chlor alkali market.
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