Everyone, please share information on the recent losses of their respective coal chemical companies
Thread Content
Today, the coal chemical industry is affected by the financial crisis: oil prices have fallen, coal prices remain high, and the prices of various chemical products such as methanol and acetic acid have plummeted, resulting in severe losses for coal chemical companies. As is known, many small coal chemical enterprises have ceased operations, while large conglomerates, in order to maintain their market share, continue to operate at reduced capacity despite suffering huge losses. Such as Jiangsu Supor, Shanghai Wujing, Yankuang Group, Yangzi Acetate, and other companies. It is reported that Jiangsu Supor plans to incur a loss of 1 billion yuan in 2009 in order to maintain its market share in the acetic acid sector, while Yankuang Group has initially estimated that its coal chemical subsidiary will suffer a loss of nearly 2 billion yuan in 2009. How is your company doing? What are the economic goals for 2009? Everyone can cool off here and discuss together how to get through this tough economic winter. This post was last edited by lftyhy on 2009-2-4 22:00]
Our company incurred a loss of 1.5 billion in 2008; it is a non-ferrous metal smelting enterprise
We’ve stopped using methanol, but urea is still available
Coal chemical integrated enterprises are in a relatively good situation: 1. The methanol production unit has stopped operating, while the carbon-1 deep processing section produces methanol on a reduced scale by purchasing it from external sources in order to maintain existing customers and the market. 2. Production at a high load of urea. 3. The monthly loss is nearly 10 million yuan, but urea prices have seen some recovery recently, so the situation will improve somewhat.
I didn’t expect the losses to be so large; I hope that in future projects we won’t rush in collectively.
These past few months, I’ve basically made no money
We mainly produce city gas, as well as methanol and dimethyl ether on a co-production basis. In the last 4 months of last year, losses totaled 200 million. At present, the facility is operating in a single series only, and the loss amount for 2009 cannot yet be estimated.
Our factory’s methanol production line is about to go into operation, but then the economic crisis hit – what bad luck!
Ten months since it went into operation, losing twenty to thirty million per month – alas, it’s tough! ! ! !
Due to the extremely high market prices of nitric acid and its downstream products, as well as methanol (aldehyde) and soda ash from January to July, our company still managed to achieve profits in the tens of millions in 2008. However, if market conditions remain as they were in 2008 this year, it will be difficult!
Sigh. . . . . . . . . The situation both internationally and domestically is like this; the key is whether you can bear such losses. Let’s all wait patiently, enduring the bitter consequences we’ve created while waiting.
The planned losses – no matter how wealthy Yankuang and Sopco are, they cannot afford to let 1 billion or 2 billion dollars be wasted. The so-called losses include the investments required for new projects. This is a matter of capital operation.