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The downward pressure of chemical industry in the third quarter is still large

wallpapers News 2020-07-08
In the second quarter of

, the trend of the two major indexes was basically consistent with that of the first quarter, reflecting that the chemical industry was generally stable in the first half of the year, but it continued to face greater downward pressure. In the case of the decline in the overall efficiency growth of the industry, the internal efficiency of the chemical industry has continued to show a trend of differentiation since this year. In the second quarter of

, the prosperity index of China Economic chemical industry was 99.1, which was basically the same as that of the previous quarter, the industrial early warning index was 83.3, down 3.3 points. The trend of the two major indexes was basically consistent with that of the first quarter, both of which were "flat" "down", reflecting that the chemical industry was generally stable in the first half of the year, but continued to face greater downward pressure. In the second quarter of

, the total price level of chemical products showed a downward trend, the decline was narrowed. However, whether this trend can be sustained still needs to be observed. From the corresponding indicators, the growth rate of sales revenue did not rise but fell, the rise of enterprise inventory further accelerated, indicating that the industry price recovery was not driven by sales, the market dem has not yet been substantially improved. Cost supply factors such as crude oil price rebound, production reduction production restriction of enterprises are the main reasons for the short-term bottom rebound. At present, there are still a large number of new chemical plants put into operation in the second half of the year, supply regulation is still an important factor affecting the market trend. After a centralized adjustment in the first half of the year, the industry is expected to improve in the second half of the year, but the pressure to increase production still needs close attention. But in the second half of the year, whether the industry price can continue to rise depends on whether the market dem can really improve. In the second quarter of

, the overall profit growth of chemical industry continued to decline, the situation of enterprise benefit continued to decline was worrying. The lack of dem the rise of cost have caused double pressure on the operation of enterprises. From the cost point of view, first, the financing cost is rising, the difficulty of loans is increasing, the interest rate is rising. The second is the rise in operating costs. Although the price of raw coal has decreased, the rise of logistics costs, the rise of electricity prices, the rise of steam prices in some chemical parks have caused great pressure on the operation of enterprises. Third, wages rise labor costs increase. Fourth, the cost of environmental protection is rising. In addition, the heavy tax burden of enterprises the increase of RMB two-way fluctuation also bring great pressure on enterprise operation cost control.

have continued to show a trend of differentiation in the internal benefits of the chemical industry since this year. In the first half of the year, chemical fertilizer synthetic materials industries had the most obvious decline, while the production of coating materials special chemicals had relatively good benefits. According to the data, the profits of the chemical fertilizer industry decreased by 40% in the first five months, while the synthetic materials manufacturing industry the chemical mining processing industry decreased by 13.5% 9.7% respectively. Among them, the nitrogen fertilizer industry had a net loss of 2.36 billion yuan, the synthetic fiber monomer (polymer) industry had a net loss of 1.74 billion yuan. The loss of nitrogen fertilizer industry in the first two quarters showed a continuous increasing trend. Driven by the price recovery of synthetic materials, the decline rate of profit in the second quarter was narrowed, but it still remained the situation of year-on-year decline. In the first five months, the profit of coating (pigment) manufacturing industry increased by 34.6% year-on-year, the special chemical manufacturing industry increased by 18.2%, the basic chemical raw material manufacturing industry increased by 15.1%, all of which were faster than the overall growth rate of the industry.

in the second quarter of the chemical industry, the growth of fixed assets investment continued to decline, which is lower than the historical average level, which shows that under the current situation of overcapacity declining benefits, the overall investment impulse of the industry has dropped significantly, the driving force of structural adjustment is strengthening. However, from the perspective of the distribution of industry investment, there are still some problems. The growth rate of investment in some sub industries with poor returns is still very high, while that of sub industries with good returns is low. For example, from January to may, investment in chemical mining mineral processing industry increased by 39.8%, investment in synthetic material manufacturing industry increased by 22.5%, which were significantly higher than the average level of the industry. The benefits of the two industries in the first half of the year decreased year on year. However, the investment growth rate of special chemicals with good benefit was only 4.6% from January to may, which was significantly lower than the average level of the industry.

are facing the current difficulties of the industry. On the one h, the government needs to improve macro-control, speed up the reform in finance, taxation other aspects, effectively ease the cost pressure of enterprises. On the other h, they need to train their own internal skills to enhance their ability to cope with risks, especially to speed up the improvement of scientific research technology level, effectively improve the ability of independent innovation.


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TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary.
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