I abc blog

SINGAPORE Bloomberg, Dushanzi ethylene plant recovery of surplus low pressure methane, and carbon dioxide gas emissions analysis delivered to methanol plant as raw material, so that the production of materials used methanol plant is recycling all waste. April 27, according to the statistics, the monthly savings of more than 240 million cubic meters of natural gas (standard state, the same below), the monthly cost more than 250 million.

The annual output of 30,000 tons of ethylene plant methanol plant using natural gas low-pressure methanol synthesis process, due to tight supply of natural gas, methanol plant has been unable to reach full capacity, the device yield and low yield, high energy consumption. In 2009 with one million tons Dushanzi ethylene plant started production, there is a surplus situation ethylene plant exhaust, old liberated areas ethylene gas low-pressure methane and ethylene fuels no where; hydrogen plant transformation is put into use analytical gas emissions torch; old liberated ethylene plant alkali waste sent to New vinyl, the spent caustic oxidation unit outage, ethylene glycol unit surplus of carbon dioxide, into the atmosphere.

To reduce the losses caused by exhaust emissions, combined with methanol plant process characteristics, the plant built a recycling plant, running at full capacity, so that each year ethylene plant to reduce the surplus to the low pressure flare methane, fuel gas and analytical gas about 39.9 million cubic meters, while annual reduction of about 4.62 million cubic meters of carbon dioxide emissions.

Gas utilization project implementation and put into use, so that four shares of the ethylene plant tail gas recovery and utilization of the full, and the elimination of the methanol plant capacity due to inadequate gas supply device conflict, after the change of methanol feedstock, natural gas consumption to zero, a annual savings of 29.82 million cubic meters of natural gas, cost 31.31 million yuan each year, creating considerable economic benefits.

The first quarter of this year, chemical materials and chemical products manufacturing, chemical fiber industry, rubber (23525,50.00,0.21%) products, plastic (11450,55.00,0.48%) products, business owners operating income, total profits are higher than same period last year greatly increased. Chemical industry as a whole performed well.

New chemical materials, chemical fiber, chemical materials, chemical products and plastic children plate in the first quarter outperformed the market, the average PE ratio of plate gap with A shares to further increase, although the relatively high price-earnings ratio, but the 10-year earnings outlook related businesses more optimistic, valuation levels are expected to decline.

10 years since the first quarter, further strengthening of the macroeconomic situation, the chemical industry continued to benefit from rising domestic demand and lower export situation improves, we believe that the chemical industry has entered a new round of upward phase of the economy.

Chemical industry for the second quarter this year, the investment direction, we believe that many in the chemical industry sub-industries,

Should first grasp the pulse of national policies, focusing on national policy adjustments to benefit from and support the sub-sectors, as well as significant improvement in the downstream market sub-sectors. For example, low-carbon economy to benefit from the development of polyurethane and polyurethane industries upstream MDI, TDI industry; benefit from household appliances, automobile industry development, modification of plastics industry; as well as by real estate, building materials, soda ash industry led the countryside. Interest in the proposed sub-sector, should focus on high-tech companies as well as in related fields with leading-edge technology companies.

Southwest quarter of the power shortage caused by drought and phosphorus chemical industry investment opportunities are also cause for concern.

Chemical fiber industry as a whole warmed, the proposed focus on the spandex industry.

Some chemicals products in the first quarter, prices rose, the corresponding profit listed company is quite flexible, clear growth in the first quarter results, the proposed focus on adipic acid, BDO, sulfur industry related companies.

EADS were mixed rubber raw material prices in the first quarter, the manufacturing of rubber as raw material cost pressures to a certain extent; PVC (7335, -25.00, -0.34%) industry due to overcapacity, rising space is limited; the fertilizer industry as a whole in the doldrums, pick up the situation is not optimistic.

Risk Tip: the second dip, the macroeconomic risks; crude oil and chemical risks of fluctuations in raw material costs; downstream product demand than expected risk.

A share performance chemicals segment sub sectors: last week (2010.4.10-4.16), Hai Tong chemical industry most of the emergence of the sub up, nylon, soda ash, organic silicon and other sub-sectors rose significantly, the three sub-industry weekly gain were 7.7%, 4.6%, 3.1%; one year, nylon, coal chemicals, viscose and other sub-sectors among the biggest gainers, an increase of 146.4%, respectively, 109.6%, 93.3%.

Chemical performance of the futures market: last week, futures prices of most of the chemicals appeared higher, WTI crude oil futures fell 1.98 percent one week to close at 83.24 U.S. dollars / barrel, the domestic fuel oil futures rose 0.15%, natural rubber futures prices up 1.38%, PTA futures prices rose 0.07%, PVC futures prices rose 2.70%, LLDPE prices rose 3.09%.

Chemical prices Rank: Last week, hydrochloric acid, phenol, liquid chlorine, epichlorohydrin, styrene butadiene rubber and other product prices among the biggest gainers, which one week of hydrochloric acid prices rose 6.38%, phenol prices rose 6.37% weekly , liquid chlorine prices rose 5.26% one week.

Chemical prices Rank: Last week, sulfur, dimethyl ether, MEG, yellow phosphorus, cotton linter, etc. The top price decreases, which, sulfur prices dropped by 7.41% one week, one week DME prices fell 4.17 %, MEG single week down 3.52%.

Haitong major chemical group recently recommended varieties and results forecast.

Yantai Wanhua (20.35,0.30,1.50%): Ningbo 2 will become the company’s profit growth this year; MDI prices expected to rise; MDI production capacity expansion, while the development of TDI industry. Huaxing Chemical Industry (10.33, -0.05, -0.48%): Glyphosate prices bottoming out, and performance will be increased dramatically.

Keli far (15.48, -1.34, -7.97%): Ni-MH battery lead, the recent state of the HEV is expected to introduce a subsidy rules, the company benefit.

Transfer of shares (14.81, -0.28, -1.86%): textile industry benefited from the recovery, production capacity has expanded, stable growth performance. Yantai Spandex (36.50, -1.77, -4.63%): spandex industry boom, spandex 10-11 years to greatly increase production capacity; between the demand for the restoration and aramid PPTA project is Aspect.

Group (20.90,0.32,1.55%): rich in phosphate and water resources are the basis for long-term development, growth and phosphate production would push prices to enhance company performance increased significantly.