Chemical Industry Weekly Report: Polyurethane products are rising across the board, and TDI continues to be recommended
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- Time of issue:2020-11-27
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(Summary description)Soda ash has the largest increase, and South Korea's xylene has the largest decline. The price of chemical products ranked among the top 5 products
Chemical Industry Weekly Report: Polyurethane products are rising across the board, and TDI continues to be recommended
(Summary description)Soda ash has the largest increase, and South Korea's xylene has the largest decline. The price of chemical products ranked among the top 5 products
- Categories:Company News
- Author:
- Origin:
- Time of issue:2020-11-27
- Views:0
Soda ash has the largest increase, and South Korea's xylene has the largest decline. The price of chemical products ranked among the top 5 products, light soda ash (10.55%), WTI (10.33%), Singapore naphtha (9.19%), Brent (8.51%), and East China toluene (7.46%). The top decliners include South Korean xylene FOB (-12.96%), heavy soda ash (-9.54%), cotton CCIndex (328) (-4.63%), caustic soda (-3.45%), South Korean toluene FOB (-1.84%) )
Polyurethane: The price of polyurethane products has risen significantly, soft foam polyether up 3.08%, rigid foam polyether up 2.7%, TDI up 2.01%, propylene oxide up 3.91%, DMF up 4.73%, and methyl ethyl ketone up 5.33% . The main reason for the increase in the price of polyurethane products is that the price increase of petrochemical products is gradually transmitted to the downstream areas. The monthly increase of propylene, the upstream raw material of propylene oxide, is about 20%, and the monthly increase of toluene, the raw material of TDI and MDI, is about 15%.
Investment Advice
Growth stocks: 1) Optimistic about functional films and high-end PU leather in the field of new materials, recommend TD Optics (002632), 2) focus on polyester industrial yarns, start a second take-off, recommend Hailide (002206), 3) CNC metal precision structural parts With heavy volume, Xingke Electronics' performance has skyrocketed, and it is optimistic about Silver Jubilee Technology (300221). 4) High-end customization is being transferred from Europe and the United States to China. Yaben Chemicals (300261) has benefited the most. Recommend Red Polaroid (002165), 6) Polyimide has a bright future, the company is ready to go, and Kangda New Material (002669) is recommended. 7) TDI prices continue to rise, the industry turning point is clear, recommend *ST Cangda
Cycle reversal: 1) The core driving factor for the boom in PTA and polyester filaments is the expected downstream replenishment inventory brought about by the rise in crude oil prices. Our operational recommendation is to "look at the futures prices of crude oil and PTA to invest in the polyester industry chain". The biggest signal of the boom is that the prices of PTA and polyester filaments have risen sharply. We recommend Tongkun shares (601233)
Transformation and upgrading: 1) Acquire operating assets of mobile online games, deploy mobile Internet, and be optimistic about Baotong Technology (300031); 2) Downstream demand is gradually picking up, and net profit has doubled. Recommend Yanggu Huatai (300121)
Recommended stocks: Yanggu Huatai, *ST Cangda, Brother Technology
1) Yanggu Huatai (300121): Benefiting from the recovery of downstream demand and the significant increase in operating rate, the net profit of Yanggu Huatai in 2016 is expected to double year-on-year. 2) *ST Cangda (600230), TDI prices continue to rise, the industry turning point Clearly, recommend *ST Cangda, 3) Brother Technology (002562), the price increase of vitamin K3 and B1 far exceeds market expectations
Risk warning: Downstream demand continues to be sluggish
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Suzhou Jiahua Polyurethane Products Co., Ltd.
Suzhou Jiahua Polyurethane Products Co., Ltd. is located in the Yangtze River Delta, the birthplace of my country's polyurethane clusters; it is a private high-tech enterprise integrating research, production and sales.
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