Data:2009-12-12 2:34
Category: Money tips Release Date: 2007-05-14
Source: Hantang Securities Author: Chan Chi-kwong
The most concern is the 11 mid-Cangzhou Dahua (600.23 thousand) Notice that early in June this year, TDI has been ex-factory price of 2.3 yuan / ton up to 3.3 yuan / ton, or 43%, so the company should arouse sufficient attention. TDI in our existing production systems, Cangzhou Dahua the first to have mature production technology, Cangzhou Dahua currently has 3 million ton / year TDI production capacity at the same time are building 5 million tons of new equipment is expected in early 2008.
Cangzhou Dahua (600.23 thousand): arouse our attention on the one hand is the company's TDI technology is the most mature and production of the largest companies in the TDI against the backdrop of a substantial price increase, Cangzhou Dahua benefiting more than S Blue Sinopec, the Unit the current market rate of just more than 10 times to win the first three quarter reached 0.323 yuan / share, Thursday to close at 5.81 yuan, up 1.04%. In the S Blue petrochemical three limit-stimulation and the demonstration effect, the only results will stimulate good growth stocks rather prices have soared in the chances?
Have the strength of the Chinese Agricultural Chemical Group Corporation to become the company's actual controller for the Unit subsequent restructuring and high quality assets into a wealth of imagination. Agrochemical Corporation China National Chemical Group will be the form of replenishment of Cangzhou Dahua Group restructuring. Agrochemical Corporation China National Chemical Group, is intended to be in cash 417 million yuan invested, Cangzhou Dahua Group holds 51% stake. In Cangzhou Dahua Group's restructuring is completed, Agrochemical Corporation China National Chemical Group will become a stock company in Cangzhou Dahua the actual controller.
TDI prices and then look at the causes and the persistence of up-cycle. TDI is currently a substantial price rise is based on the international transfer of production against the background: In recent years, as Europe and the United States market, demand for rigid polyurethane foam growth rate has been higher than the soft foam, resulting in significantly slower growth in demand for TDI. Thus, in 2005 Europe and the United States since the TDI downward trend in production, with production capacity, mainly in Asia and the Russian market. in the course of the transfer of production capacity, it is expected the next two years, the global TDI market, there are still in short supply, coupled with the domestic anti-dumping review early in 2006 after the TDI tax rate increase is expected to TDI Price 07 , 2008 is still expected to remain high.
According to the agreements signed between China Chemical Agrochemical Corporation intends to invest in the next five years, 7.2 billion for capacity expansion of existing products and new production. Specific projects include: In the coming five years, the investment and construction of 50 thousand tons TDI and 10 million tons of caustic soda and nitric acid; On this basis, China Chemical Agrochemical Corporation in 2011 intended to build 10 million tons to continue to invest TDI and MDI projects. As the current stock company is mainly engaged in production of TDI and urea, so the next TDI capacity expansion will be mainly concentrated in the stock company, while the MDI project may also be completed by a stock company. basically stable in the urea production capacity situation, TDI capacity expansion will become the company's main source of future profit growth.
