A quarter of the chemical industry as a whole performed well
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.
