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2016 chemical industry development trend analysis: a whole is still expected to run low
Chemical industry occupies an important position in the national economy of countries, basic industries and pillar industries in many countries. Affected by domestic and international economic environment in 2015, the chemical industry is facing benefits decline, overcapacity, rising costs, resource and environmental constraints and lack of innovative capacity, and many other challenges. 2016 chemical industry development trend analysis is detailed below. 2016 chemical industry development trend analysis: a whole is still expected to run low with Wind data showing that as of December 22, A-share market a total of 124 listed companies reported annual chemical results notice, in addition to four Sure, there are 72 companies results of pre-hi, accounting for up to 59%. A brokerage analysts believe that the data from 2015, the chemical industry is expected in 2016 will remain low for a whole should focus on business transformation, new materials and improve the supply and demand of three investment opportunities. Performance continued differentiation Data show that the pre-hi companies, pre-increase, a slight increase, the company continued earnings and losses were 28, 23, 8 and 14. In terms of net profit growth rate lower limit count, 65 companies expected to achieve net profit growth. Among them, 27 companies net profit rose more than 50%, at least 21 companies net profit rose more than 10 times. From the sub-industry perspective, the characteristics of strong cycle of the chemical industry makes the hot sub-sectors is constantly changing. The company forecasted mainly concentrated fertilizer, lithium battery industry chain, specialty chemicals, new materials, polyester, polyester and other sub-sectors, these industries are in the pre-hi companies accounted for more than 70%. From the growth performance reasons, the downstream demand-driven and cost improvements are important reasons for these growth for the company. More recent chemical products industry market analysis report hall information, please consult China "issued in 2015 - market demand and investment advisory report Chinese household chemical products industry in 2020." Specific companies, Fluoride to 800% -850% growth in net profit at the top. Downstream benefited from booming sales of new energy vehicles, power lithium battery company and lithium hexafluorophosphate products in short supply, power lithium battery sales increased significantly, lithium hexafluorophosphate entered a new boom period, prices rose rapidly, profitability rebounded. Similarly, the main industry of new energy vehicles godsend electrolyte material is not expected full-year net profit up 15% - 40%. The company recently announced, 60 million yuan shares Jiangsu Rong Department of General lithium industry into industrial chain of lithium carbonate, lithium hexafluorophosphate production to ensure supply of raw materials. And similar lithium battery industry chain, "Thirteen Five" plan, the country will develop wind power, photovoltaic and other industries. Wind power blades downstream demand driven, Sinoma Science and Technology is expected to achieve net profit of 228,292,200 to 304,389,600 yuan, an increase of 50-100%. Polyester chain will benefit from the "stumble endlessly," the price of oil. Emori Hengyi petrochemical petrochemical and have said, as crude oil prices stabilize to low volatility and downstream textile demand-driven, PTA and polyester fiber products to improve supply and demand, both production and sales, product gross margins rebounded in 2015 to achieve profitability, net profit intervals were 350 million to 500 million yuan and 100 million -20 000 million. Xindu chemical fertilizer industry, large and Kim Stanley net profit growth rate were more than 25%. Among them, the new capital since the new capacity to serve the chemical, is expected to net profit up 70% -90%. Fertilizer industry remained steady growth, but the overall net profit growth declined slightly. From the total net profit, the net profit is now expected to be the largest new and Kim Kang was great. Benefit from the expansion of product applications, Kant new expected net profit of about 1.40389 billion yuan -145 403 million, an increase of 40% -45%. Kim Tai expects net profit of 1.08299 billion yuan -116962.92 million, an increase of 25% -35%.
Adjust the industrial structure
At present "Thirteen Five" plan is being prepared with the chemical industry related to coal chemical industry, rubber, pesticides and energy, the China Securities Journal reporter learned that the relevant industry associations who, on the whole, "structural adjustment" has become the industry "Ten five "plan an important orientation. Chemical industry prevailing structural surplus production capacity, high production capacity, low excess capacity, thus adjusting the industrial structure, increase the proportion of high-capacity, eliminate backward production capacity is an important task for the future regulation. Securities analysts believe the new normal macroeconomic chemical industry as a whole is still in the process of production to 2016 is still the main structural investment opportunities, the proposed focus on application of new materials technology promotion under the driving force of production capacity to the industry Situation restructuring, agricultural reform to promote agricultural industry chain integration, improve the structure of supply and demand sub-sectors, industrial knot pole upgrades import substitution and other investment opportunities. Improving the supply and demand side, the first three quarters 2015, the chemical industry fixed asset investment growth continued to drop, the cumulative increase of only 2.69%; basic chemical raw materials manufacturing fixed asset investment growth rate down to 0.98%; chemical industry fixed asset investment growth rate reached historic lows . The chemical industry is expected to remain low in 2016 will continue to run. However, the chemical industry continued to reduce the growth rate of supply, to ease overcapacity provide an opportunity, industry concentration is expected to increase, accounting for some of the higher-end production capacity of the company will benefit from policy support. In recent years, with production capacity of viscose staple fiber and less overseas demand is more stable titanium dioxide industry leading companies concern. International Titanium giant Company (formerly DuPont), Huntsman and Ventnor has recently announced that from January 1, 2016, a global titanium dioxide prices, ranged at $ 150 per ton -160 dollars, about 5%. Due to price increases the presence of linkage effects, price increases are expected to have overseas giants weaker domestic titanium dioxide industry has been boosted. In addition, state-owned enterprises reform and restructuring initiative is part of the structure of the tune. 2015 industry transformation occurred more than backdoor reorganization case, Aoyang Technology, West Long Gimpo Titanium and other scientific and transition to growth prospects more certain medical, financial and other industries. Aspects of local state-owned enterprises reform, Yu Sanxia A, Jianfeng Chemical and other companies Lutianhua concern. Aspects of central enterprises reform, the reform of state-owned Sinochem Group was established, the overall reform discussion paper is expected in mid-2016 is expected to molding. Large group of small-cap type of chemical companies, such as the North of shares owned Ordnance Group, Mason shares of China and other energy-saving under concern.
The continuation of high-growth emerging industries
Securities analysts believe that in 2015 part of the new economic strategy involving companies emerging industry is expected to continue high growth, mainly related to graphene, carbon fiber and other new materials; new energy battery and a high trade barriers with import substitution concept of electronic chemicals industry. Wherein graphene is one of the most promising new material and carbon fiber superior performance compared to traditional materials, extensive use of military and civilian areas, about 70% of domestic carbon fiber to be imported, and more for high-end, a huge import substitution. The industry chain company Kangdexin, China Baoan, and biological state concern. New energy vehicles, "Made in China 2025" proposed a new energy vehicle development goals. Ministry of Industry, 2020, its own brand of new energy vehicles sales exceeded 1 million, the domestic market share of over 70%. In 2014, 75 000 calculated 2020 CAGR of 67.9%, the demand for lithium battery power remained strong. In the resources and environmental protection and policy driven, lithium batteries is expected in 2016 will continue to maintain high growth, the industry chain companies such as Fluoride, Cangzhou Mingzhu materials and providential growth can be expected. In the electronic chemicals industry, with the downstream electronics information industry transfer to China, the localization of raw materials is the trend. In the context of national security strategy and economic restructuring is expected to follow the policy support will increase, electronic chemicals localization usher historical opportunity, a strong sector may be concerned about the new materials, optoelectronic South, Kay materials, Kant new, country ceramic materials and other companies.
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