Crude Crude oil prices continued to fall last week, prices continued to fall. As of last weekend, BRENT, WTI, DUBAI, respectively 123.72,122.46,122.83 latest price USD / barrel, compared with last week down 6 dollars.
BDO, phosphorus prices drop slightly Last week, BDO, phosphorus prices dropped slightly: the Yangtze River Delta region BDO prices fell 0.39 percent to 17,800 yuan / ton, July 25 Shanxi three-dimensional (11.39,0.37,3.36%, right) bulk water BDO factory prices remained at 18,000 yuan / ton high, barrel cargo offer remained at 18700-19000 yuan / ton; Yangtze River Delta region phosphorus price to 23,500 yuan fell 0.61% / ton. Phosphate rock prices rose slightly by 1.09% to 465 yuan / ton. (Morning will report data on phosphate rock prices is incorrect, the data providers 465 yuan / ton mistakenly written as 365 yuan price / ton)
Domestic urea prices declined largely P Market tends to smooth
Last week, the national urea prices flat to down from north to south, Shandong, Hebei, Shanxi region basically stable prices, transaction prices of urea in Henan in 2450-2500 yuan / ton, the price downward. High early in Anhui and Jiangsu area, the factory also offer lowered to 2,500 yuan / ton. Northern, central to a large area of agricultural fertilizer basically been completed or nearing completion, there are some needs of individual districts. International urea prices continue to rise sharply:
Small particles of high bulk low FOB Baltic Sea region were up 45 U.S. dollars to 785-800 dollars; particular days of high-end prices from 45 to 800 U.S. dollars, low-end prices from 52 to 830 U.S. dollars; Arabian Gulf Area high-end prices from 25 to 815 U.S. dollars, low-end prices from 30 to 810 U.S. dollars. Large particles bulk FOB U.S. Gulf low-end price increase from 33 to 888 U.S. dollars, high-end price increase from 17 to 895 U.S. dollars; Arabian Gulf region, high-end prices from 40 to 850 U.S. dollars, 15 dollars to low-end prices 815 dollars.
Last week, 55% of the domestic ammonium powder factory offer 3700-3750 yuan, China 64% diammonium manufactured quote maintained at 4400-4600 yuan. Diammonium high and volatile international prices: the U.S. Gulf low-end prices from 15 to 1190 U.S. dollars, high-end rose from 8 to 1210 U.S. dollars; Tunisia and Morocco both offer low-end this week, up 10 to 1200 U.S. dollars, up 20 dollars to high-end 1220 U.S. dollars.
Reviewed research report last week, Yantai Wanhua (20.82,0.63,3.12%, right) on July 22 first-half earnings report: 1H08 the company achieved sales of 4.168 billion yuan, up 18.11%; Main operating profit 1.586 billion yuan, up 20.20 percent, 38.05 percent gross margin over last year's 37.38 percent rise 0.67 percentage points; to achieve net profit of listed companies belonging to 881 million yuan, up 45.3%. Profit growth was higher than the main reasons for sales growth came from: the financial costs of the lower cost of sales rate of decline in corporate income tax rates and government subsidies to reduce the increase in income.
We believe that the future of domestic MDI market competition, and lower demand influenced by the decline in textile exports, the company's future growth come from capacity expansion, the next major operating risks from the macroeconomic than-expected decline. Company in order to avoid over-reliance on MDI, is also actively developing non-MDI products, we believe that 10,000 chemical industry in China is still the future growth of one of the most stable. Maintenance of recommended rating, we expect 08,09 E PS Were 1.20,1.52 dollars, corresponding to PE 16.40 and 12.95 times for the proposed adjustment in the market to gradually buy.
Dynamic foreign chemical companies in Texas, Total Petrochemicals Company parking capacity of 952,000 tons / year polypropylene unit, may be due to unknown causes solid particles to the device level rose rapidly. I am an expert from China Chemicals Products, usually analyzes all kind of industries situation, such as dock plate , abb robot.
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