Chemical Industry Stocks Rose
Apr 09, 2021
Xinhua reported on May 5: the Standing Committee meeting of the Municipal Committee held in Yancheng, Jiangsu Province, on April pointed out that the Xiangshui chemical park should be closed completely. The news revealed that the investment circle was boiling again, and even investors laughed that: the chemical sector rose and stopped on the weekend.
The daily economic news reporter noted that in the stock market on Monday (April 8), the chemical sector did rise ahead, with dozens of chemical stocks rising and stopping. However, it is important to pay attention to that although chemical stocks have risen in a collective way, in the current market, although chemical products are also rising, they are not as high and low as those of the stock market. Can the chemical products continue to be strong in the city?
Dozens of chemical stocks up and down
After the fermentation of chemical plate related information on the weekend, dozens of chemical stocks today either opened a one-word board or trading, making chemical plate the leading plate today. It is worth noting that Zhejiang Longsheng, the leading stock market recently, also continued to rise and stop.
Facing the explosion of chemical stocks in the stock market, the futures market is relatively low-key. Among the main contracts of major chemical raw materials products, pta1905 only touched the trading limit in the session, but the price fell, up only 2.08% in the day. Other major chemical products contracts pp1909, pta1909 and pvc1909 rose 3.38%, 2.61% and 2.54% respectively. For the performance of futures market today, Dongzheng futures believes that chemical accidents occur frequently, and emotional driving is greater than actual impact.
For the chemical stocks in the stock market, shenwanhongyuan said that the accidents in the northern Jiangsu park brought about great safety improvement, which had a great impact on the supply of fine chemical industry. In the park, the park mainly focused on fine chemical enterprises such as dyes, pesticides, pigments and intermediates, which had a great impact on the supply end of relevant fields, and proposed the super matching chemical industry plate.
However, the daily economic news reporter noted that the supply side reform of the market for the chemical industry may be an important reason for the collective rise and stop of chemical stocks. Southwest Securities pointed out that on April 1, the Jiangsu provincial government issued the "Jiangsu chemical industry improvement and promotion plan (Draft for advice)", and the industry may face a new round of supply side reform.
The influence of chemical safety inspection on PTA price is limited
The safety accident has attracted widespread attention from the media and society, but how much impact on some specific industries is actually needed to be objectively seen. However, for the domestic listed chemical futures products, the impact is not too big.
Pangchunyan, an analyst at China investment and trust futures, told the daily economic news that the news of the major rectification of the industry caused by the explosion of Jiangsu chemical plant was widely spread, including the closure of Xiangshui chemical park and the plan of upgrading and exiting the chemical enterprises and chemical parks in Jiangsu Province in the next five years. PTA, as a chemical product, has a long industrial chain in the upstream and downstream, especially the polyester and textile printing and dyeing in Jiangsu Province, which is inevitably associated with the market. The concept of downstream textile enterprises with more dispersed PTA industrial chain is far away from chemical plants, and the impact may not be great. Printing and dyeing plants may be affected by the direct relationship with the water blast plants. Overall, the rectification of Jiangsu chemical market has little impact on PTA market. If the dyeing and upstream dye industry strengthen the rectification, it may have a certain adverse impact on PTA consumption.
