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Foshan Nanhai Changjin Plastic Cans Co., Ltd. (www.cjslzg.com), founded in 2006, is a large private enterprise specializing in the production of IBC ton barrels, IBC container barrels, plastic packaging cans, plastic barrels and chemical barrels. Customized products and services for customers. Our products have been well received by customers since they were launched on the market.
The inventory level of chemical raw materials and products, as well as chemical barrel products, will be fundamentally at a high position.
Industry revenue continued to grow from January to April 2022, with profit differentiation.
From January to April 2020, domestic chemical raw materials and chemical products, chemical products, rubber andChemical barrelsThe revenue of sub-industries such as products continued to grow, but the growth rate declined; the total profit of chemicals, rubber, and chemical barrel products decreased year-on-year, affected by the sharp rise in international oil prices and domestic pandemic. The total profit of chemical raw materials andChemical barrelsremained positive growth, but the growth rate declined. On the one hand, due to the high base in 2021, on the other hand, the sharp rise in commodity prices caused by the conflict between Russia and Ukraine has also led to profit differentiation among different sub-industries. In terms of prices, the chemical PPI index is operating at a high level, but has declined compared to the energy consumption dual control period in the fourth quarter of 2021. From the perspective of specific product prices, as of May 27, 2022, compared to the same period in 2021, the average price of products with an average price increase rose by 71%, with an increase of over 30%. Among them, the average price of three varieties increased by 50% year-on-year, namely sulfur, phosphate rock, natural gas, ion membrane, and urea. The expected increase in crude oil products in the fourth quarter is 6%, and the prices of some agricultural products have risen significantly above crude oil prices. According to the above information, the demand for dual energy consumption control products has increased.
From the inventory data, after 2020, the chemical raw materials andChemical barrelsrubber and plastic products, and chemical fiber manufacturing industries have gone through a phase of accumulation to destocking, with inventory hitting bottom and then replenishing. Considering the factors of rising product prices, it is judged that the current inventory level of chemical raw materials and products, and chemical barrel products will be at a normal level, while the inventory level of chemical fibers is at a relatively high position.