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The spring of coal chemical industry is coming

Zhangjiagang Sansu Machine Co.,Ltd | Updated: Jan 16, 2019

With the return of high international oil prices, the economy of coal chemical industry is increasingly prominent.

Since 2018, listed companies in the industry have generally achieved outstanding performance. Data shows that the 48 coal and chemical concept stocks have a combined net profit of 23.444 billion yuan in the first half of 2018, up 9.379 billion yuan from the same period last year and up 66.68 percent year-on-year. This is the coal chemical sector nearly five years since the best performance in the same period. The main industry chain of coal chemical industry includes coal - synthetic ammonia - urea, coal - methanol - propylene/ethylene, coal to ethylene glycol, etc. These terminal products are not only the coal chemical industry, but also the product of the petrochemical industry chain. In the case of rising oil prices, gas prices, but the peak season of coal prices is not prosperous, the price difference between the two continued to deduce, coal chemical cost advantage will continue to highlight. In addition, based on China's "rich coal, poor oil and little gas" energy endowment, as well as the import of a large amount of crude oil and natural gas pressure on foreign exchange reserves, coal chemical strategy

Its status is indispensable and its importance is expected to increase. It is foreseeable that in the next few years, if the international oil price continues to maintain high, the coal chemical industry will maintain long-term prosperity.