Chuanhuagufen limit it! - The announced first quarter net losses in the chemical company, yesterday opened soon after, he was huge pay onto the daily limit. Under the leadership of the Chuanhuagufen yesterday chemical stocks are sought after funds received by the close, the red sun, Lutianhua, such as Sichuan, Mei Fung rose more than 4%. However, chemical stocks a "thriving" behind the rise in gas prices caused by worries are increasing production costs.
To decrease cost pressures, according to results of the annual reports of listed companies in 2010, a number of chemical loss of listed companies. Chuanhuagufen loss of 210 million yuan in 2010, loss per share of 0.45 yuan. Same period last year, the company achieved net profit of 82.8368 million yuan, 0.18 yuan per share. Chuanhuagufen said, mainly due to rising gas prices and supply of raw material shortage and other factors, resulting in production of related products, the company significantly reduce costs sharply.
Also in 2010, the Lutianhua loss of 167 million, in the annual report that "the main raw material of natural gas supply, a serious shortage of plant capacity utilization, urea production decreased by 21.14%. At the same time market downturn, with the peak occurring in the southwest fertilizer Big drought situation was exacerbated by the sale. natural gas pipeline transportation prices and factory base price rose, but not effectively transfer the cost increases to downstream areas. "reported that in 2010, according to the National Development and Reform Commission Power Development and Reform Commission [2010] 211 document "National Development and Reform Commission on improving the base price of domestic onshore natural gas factory notice" and the price Development and Reform Commission (2010) No. 789 document "the National Development and Reform Commission on the adjustment of the price of natural gas pipeline transportation notice" related to the spirit, Lutianhua Division and natural gas production subsidiary factory base price of 0.23 yuan per cubic meter increase, the price of natural gas pipelines increased 0.08 yuan per cubic meter. For the future, Lutianhua expected that future domestic natural gas prices are still rising trend, along with the pricing model may change.
In fact, there are also subject to the price of natural gas in Sichuan, Mei Fung, Yuntianhua, Chitianhua, Jian Feng chemicals. According to "China Oil and Gas Industry Analysis and Outlook Report Blue Book" (2010), said: "In 2010, China's natural gas output reached 94.48 billion cubic meters, up 12.1% over 2009. Imported liquefied natural gas (LNG) 934 million tons, up 75 %; pipeline transportation of natural gas imports 4.4 billion cubic meters in the first year; more than 15% dependence on foreign natural gas. 2011, the absolute consumption of natural gas to increase in 2010 than the 200 billion cubic meters, an increase of 20%, supply and demand gap will be further expanded . China's natural gas demand in 2015 was 50 billion gap -600 billion cubic meters in 2020, the gap will reach 90 billion cubic meters. "" Now, the constraints of natural gas to our company not only is the price, due to supply shortages caused by driving Rate equally deserving of concern ", Sichuan Meifeng Securities Office, a staff member said," We better, because major shareholders are Sinopec, and therefore the number of supply side or a little tilted, and other companies to significantly less than the car rate. "facing the pains of transition, facing a shortage of natural gas supply, a listed company on how to respond? Xinghua shares a staff member, said Deputy General Manager Office: "Natural gas prices should have three strategies, namely the adjustment of product structure, reduce dependence on natural gas feedstock, the second is to improve the ex-factory price of products pass the cost to the downstream pressure, but vendors have to have bargaining power; Third, expand the production capacity to achieve economies of scale, improve digestion by the amount of the impact of rising costs. "But in practice, even the three solutions proposed Xinghua shares how resorted to the" three measure "is also difficult, the company disclosed in a quarterly in 2011:" the first half 2011 net profit is expected to change in less than 20% year on year, due mainly natural gas prices of raw materials, purchased ammonia price increase over last year, the cost of certain products rate increase, to bring some of the less favorable factors. "
On the other hand, the pressure of rising costs is difficult to be passed on to downstream. Sichuan Meifeng Securities Office, a staff member to this reporter said: "The buyers of fertilizer are farmers, their production costs already high, we can not significantly raise prices, and natural gas prices have been rising in recent years if gas prices doubled over a few years, it is impossible to double the price of fertilizer. "It is based on consideration of this situation, Sichuan Meifeng also started to pursue transformation. According to the company recently announced that the ammonia content of the proposed construction project, nitric acid, ammonium nitrate, nitro-compound fertilizer, urea, melamine and other industrial chain composed of circular economy. To achieve the effect of reducing dependence on natural gas.
Sichuan is rich not only the United States, the sky of early as 2003 opened the coal chemical industry to the big screen. "At first the idea is for the sky to provide raw materials of the phosphate compound fertilizer base security for the Group of phosphorus chemical industry to provide support. Did not expect to taste the sweetness of coal chemical industry, the rampant collection." Yuntianhua General Manager Jiang Jijun said, " layout from south to north, so the sky to seize the resources of the Highlands Group, enclosure is conducive to further extend the chemical industry chain. " As early as 2011, with the company to complete additional water rich in coal generation of gas will increase self-sufficiency rate of methanol, Kim built a new coal chemical industry will reduce the gas shortage on the sky of the operating rate of urea.
However, in the case of company restructuring has not been completed, the group yesterday, some chemical stocks rise, brokerage analysts in the eyes of many, but a "flash in the pan." (Li Guo)