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After MDI and petrochemicals, Wanhua has entered a new era of R&D-driven growth: after the acquisition of Hungary's Bosu Chemical, Wanhua Chemical has gradually grown into a global MDI leader, and with the expansion of Yantai and Ningbo bases and the sixth With the application of MDI production technology and the subsequent layout of the Fujian base, the company's leading position in MDI will become more and more stable
.
POE is another excellent track with growth comparable to MDI: the global market size of TPE elastomer materials is 5.
5 million tons, comparable to MDI.
Benefiting from the rapid development of the global automotive industry, the compound growth rate of consumption in the past ten years has reached 6.
4%, while Among them, POE, as the fourth-generation TPE material with excellent performance, has achieved a compound growth rate of 9.
8% in consumption in the past ten years
.
Earnings forecast, valuation and rating: Under the influence of the epidemic, MDI terminal demand is sluggish, exports are sluggish, and the visibility of the later impact is still low
.
