Oil prices have dropped. How do you think the coal chemical industry will be affected?
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Nowadays, the linkage of fossil raw materials is getting stronger and stronger. The price of oil has dropped, and the prospects for coal chemical industry are not very good. * * At this time, foreign reserves should be used to carry out strategic reserves, like Little Japan, importing coal from China for reclamation for reserves. At the same time, we should use the current low prices to improve coal mine safety and prepare for the next emergency recovery to prevent another coal mine accident.
It will have a temporary impact on chemical projects that use coal to produce oil, but it will not affect too much the coal chemical industry. After all, our country has more coal and less oil.* * , it is spring now and the price of chemical fertilizers is rising every day, so it should have little impact.
Coal chemical industry was developed as the price of oil continued to rise. When oil prices were high, many chemical companies that used oil as raw materials switched to coal as raw materials. The low price of oil has been a big blow to the coal chemical industry. Many coal chemical companies are in a state of suspension or semi-stop production, especially alcohol ether companies. Not only have product prices dropped sharply, but there is no market, so they are struggling. Synthetic ammonia and fertilizer companies are relatively good, mainly affected by * * Policy support and market demand.
In the 1960s and 1970s, when oil prices were low, few people tried to develop the coal chemical industry. After the 1990s, oil prices increased, and the coal chemical industry became popular.
It can only be a temporary effect. The current low price of oil is also because international speculators are in trouble, which is caused by the economic crisis. Once the situation improves, I believe that the price increase will definitely exceed the current price reduction.
I believe the coal chemical industry still has a good future. Now* * We continue to encourage new energy and provide support, and coal chemical industry is an intermediate enterprise. After all, transition will take a certain amount of time. I believe it will get better. :victory:
Now that Guanxiao Coal Mine is closed, life in the large coal mines I know is not as difficult as imagined. People who have reserves in their hands feel very safe. Besides, oil prices may rise again at any time.
It is best for coal chemical companies without coal mines to take advantage of this opportunity to hoard coal resources in order to lay a solid foundation for the arrival of a new round of economic peak.
Affected by the international financial crisis, oil prices have dropped. Many coal chemical companies are in a state of suspended or semi-suspended production under the dual pressure of high coal prices, weak product sales and other unfavorable factors. They are struggling. We look forward to an early increase in market demand and getting out of the predicament.
I personally think it still has an impact. Currently, some coal chemical plants have stopped production due to market reasons (i.e., lower crude oil prices leading to lower coal chemical efficiency). But as everyone above said, the prospects are very good.
As mentioned above, the coal industry is in the middle position. When the economy improves and the power and steel industries improve, the coal industry will get better.
1. The prices of substitutes for coal chemical products have dropped, and the market prospects are not good.； 2. The market demand for key coal chemical products is small during the experimental promotion stage.
In recent times, the global economic recession caused by the US subprime mortgage crisis has affected many people. Unemployment is rising rapidly around the world. Many oil companies have taken measures to reduce production or delay development to resist the impact of the economic recession. Due to changes in global demand, various industries have varying degrees of impact. Our country is a major coal energy country. Can you discuss the impact of the current economic situation on our respective companies?
Those who made fortunes before the coal price skyrocketed and hoarded large amounts of coal after the crash were greatly affected. For most people, coal prices may have returned to normal levels.