Profit differentiation of basic chemical sector: Inventory of the first half of the performance of listed petroleum and chemical companies (middle)

Since the beginning of this year, energy prices have risen, supporting the higher commodity market, benefiting the upstream of the chemical industry chain, and industry profits rising

From the perspective of operating income of the basic chemical sector, in the first half of the year, 31 of the 33 sub-industries maintained a year-on-year increase

From the perspective of the potash fertilizer industry, the substantial increase in operating income in the first half of the year was mainly due to the increase in grain demand, coupled with the restriction of Russian potash fertilizer exports, the global potash supply showed a significant contraction, resulting in a continuous rise in potash prices and an increase in the operating income of

However, the revenue of the two sub-industries of adhesives and paint ink pigments declined

Industry insiders said that the current international geopolitical changes, oil prices continue to fluctuate, resulting in raw material prices, coatings and other imports and exports are blocked

The growth rate of net profit has diverged

From the perspective of net profit, in the first half of the year, the year-on-year growth rate of the basic chemical sub-industry was differentiated, and a total of 15 sub-industries had a negative

Specifically, in the first half of the year, the domestic tire industry experienced unprecedented challenges

In terms of polyester staple fiber, in the first half of the year, the crazy rise of raw materials led to the general negative cash flow of staple fiber, and the enthusiasm of manufacturers to start work was generally low under the condition of loss, and the operating rate of the polyester staple fiber industry in the first half of the year was significantly lower than that of the same period

However, in the first half of the year, the net profit of fluorine chemical, potash, inorganic salt, phosphate fertilizer and phosphorus chemical sub-industry increased rapidly year-on-year, increasing by 313.

Driven by the boost of global grain demand and the rapid development of the new energy industry, the demand for potash, compound fertilizer, phosphate fertilizer, fluorine chemical and other products has increased significantly, driving the level of profitability

Policies help the prosperity continue

In the first half of the year, the prosperity of the sub-industries of the basic chemical sector was differentiated

It is worth noting that due to the chemical industry entering the boom upward cycle, the scale of key projects under construction continues to expand, which will also play a positive role

In the first half of the year, the basic chemical industry invested 267.

At present, China's economy is still in a critical window period of

In terms of sectors, BOC Securities Research Report believes that in the medium and long term, in the context of carbon neutrality and industrial upgrading and concentration improvement, leading companies have strong anti-risk capabilities and obvious