The market trends for bulk chemical products have shown improvement, with individual stocks being relatively popular

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Released by Yuanda Trade on October 17: Looking back, the price of domestic anthracite dropped from a peak of 1,330 yuan per ton at the beginning of June. After several adjustments over a period of two months, the market price has remained stable at 1,200 yuan per ton since August. However, most chemical products that are made from coal, such as methanol and urea, have seen sharp price declines – aside from acetic acid – indicating clearly that demand at the end of the supply chain is very weak. The trend in the domestic phosphate rock market is relatively more stable, but due to the lack of support from demand for phosphate fertilizers in downstream industries, prices have begun to decline gradually; the actual transaction prices are about 60 yuan per ton lower than the quoted prices. Affected by the weak demand in the downstream phosphate fertilizer market, sulfur prices have also seen a decline, dropping from their peak of 1,800 yuan per ton to 1,450 yuan per ton. 　　A well-known securities analyst said, “The overall figures for the petrochemical industry in the third quarter are clearly better than those in the second quarter.” Although the petrochemical industry currently still lacks opportunities to further enhance its value, as economic conditions in various sectors have improved recently and the overall economic environment is getting better, it is believed that stocks with promising growth potential will attract more discerning investors. Among individual stocks, attention should be paid to domestic companies such as Satellite Petrochemicals (002648), CNOOC Offshore Services (601808), and Binhua Co., Ltd. (601678) – which have low valuations, favorable future supply and demand prospects, a solid foundation for performance, and considerable flexibility – as well as the leading MDI company. On the other hand, there are oil and gas production and operating companies that benefit from the changes in the pricing of commodity resources, such as Sinopec (600028), Guanghui Power (600256), and PetroChina (601857). ” Date: October 17, 2012 Source: Guangzhou Yuanda Trading Co., Ltd., dedicated to providing the best services related to chemicals from Guangzhou, Huadu, Foshan, Qingyuan, Conghua, Huizhou, Zhongshan, Dongguan, Shenzhen, Sanshui, and Jiangmen. Related topic: Market trends for bulk chemical products are showing improvement; individual stocks are relatively more popular