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Sinochem News on July 28, Wanhua Chemical Group Co.
However, affected by the sharp rise in the prices of basic energy such as crude oil, natural gas and coal, the company's main chemical raw materials and energy costs of European BC companies have increased significantly year-on-year, and the gross profit margin of major products has decreased year-on-year.
Specifically, in Wanhua's most advantageous polyurethane business segment, the global polyurethane operating rate rebounded in the first half of the year, the inventory remained high, and the supply and demand of diphenylmethane diisocyanate (MDI) and other markets were basically balanced, but the intensification of geopolitical conflicts led to The global oil and gas energy and bulk chemical raw materials supply and demand mismatch and rising costs, coupled with the weakening of manufacturing demand in major countries and regions and the continued rise in inflation, have slowed demand growth
Regarding the follow-up development, Wanhua Chemical said that despite the complex domestic and international environment, China provides more than 40% of the world's chemicals, and China is the world's fastest growing chemical market
