China's chemical companies still need time to recover their profitability

Drying equipment

Thanks to the increase in crude oil prices, the price of international PX also rose in the past week, and domestic PTA and ethylene glycol prices showed a rebound overall. Among them, PTA rose 5% to 7,530 yuan / ton, ethylene glycol rose 4% to 6,914 yuan / ton. Polyester staple fiber was driven by rising raw material prices, prices rose 5% to 9900 yuan / ton; polyester chips also rose 5% to 8969 yuan / ton.

“At present, it seems that this wave of prices is more driven by the cost side. But it should be noted that the overall demand side is still weak, and the recovery of profitability of chemical companies still needs time. The short-term strength of chemical stocks is more based on expectations. The results of valuation restoration have been improved. With the intensification of the fundamental differentiation of various sub-sectors in the chemical industry, we are more concerned with the industries and individual stocks whose performance has grown in real terms, especially the sub-sectors with improved demand side.”

However, other chemical fiber products did not significantly improve last week, and both viscose and spandex went flat. The fertilizer sector also performed weakly. In the urea market, due to weak demand, prices continued to decline.

Fluoride workers have not yet shaken off the trend for months. Last week, domestic R22 was trapped by demand, and it took poor sales. The turnover continued to decline, and the price fell by 1% to RMB 11,050 per ton. The price of R134a fell by 1% to RMB 33,825/t. Due to the slowdown in the production and sales data of the downstream household appliances and auto industries, the tightness of funds for terminal companies has made R134a's procurement more cautious.

The data shows that the chemicals that fell in the previous week were acetic anhydride (-5%), adipic acid (-4%), and PTFE (-3%).

Sms Spunmelt Nonwoven Production Line

The sms non-woven fabric production line is used to produce polypropylene fiber spun webs and hot-rolled reinforced non-woven fabrics. Using polypropylene as the main raw material, supplemented by color masterbatches and additives such as anti-oxidation, anti-pilling, and flame retardant, we can produce polypropylene spunbonded hot-rolled non-woven fabrics with different colors, different properties, and suitable for various purposes. It has different uses and is widely used in medical treatment, sanitation, agriculture, construction, geotechnical industry, making non-woven protective clothing, etc.
The composite production line can be replaced with different configurations to produce S, SS, SSS and other series of products to meet the needs of customers in the polypropylene spunbond non-woven market for different purposes.

Various special treatments are carried out on non-woven fabrics to meet the requirements of customers for various special properties of non-woven fabrics. The treated non-woven fabric has anti-alcohol, anti-blood, and oil-resistant functions, and is mainly used in medical surgical gowns and surgical drapes. Antistatic treatment: Antistatic non-woven fabrics are mainly used as materials for protective equipment that have special environmental requirements for static electricity. Absorbent treatment: Absorbent non-woven fabrics are mainly used in the production of medical consumables, such as surgical drapes, surgical pads, etc. Flame-retardant treatment: Flame-retardant non-woven fabrics are widely used in furniture products and aviation products. Antibacterial deodorization and photocatalyst effect treatment: This kind of non-woven fabric is mainly used in the field of household products. Anti-ultraviolet treatment: Anti-ultraviolet, anti-aging non-woven fabrics are mainly used in agricultural covering fabrics, car covers and other fabrics where sun protection and anti-aging effects are required. Fragrance treatment: Fragrance non-woven fabrics are used in sanitary products (mint, lemon, lavender, etc.).

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Changzhou Puyisen Machinery Technology Co., Ltd. , https://www.czsmmsmachine.com