Value return move
Three Friends chemical sales person in charge, the current round of price increases is affected by multiple factors .
First, the price is worth the return . By the end of last year , "money shortage" influence , the credit crunch , a number of companies in order to quickly return the funds viscose taken cheap Paohuo , affected by the rapid decline in the price of viscose . Before the price increases, the ex-factory price of viscose has been close to or even below cost price , has affected the business and profits. With the " New Year " In the past , companies no longer need cheap shipping to return the funds , so the price is expected to gradually strong , price has become the industry consensus.
Price increases but also to boost confidence in the industry . Before the Spring Festival is an important stocking period , when raw material price increases to help boost confidence in the downstream industry . Meanwhile, demand from downstream manufacturers have formed a price support . Currently a lot of spinning and weaving enterprises of raw materials inventories are at low levels. Expected after the Spring Festival , as downstream manufacturers began to start , the market demand is expected to further release of viscose fibers .Wholesale masking tape
Turning to price increases , the official said , the current ex-factory price , the price volatility of 10% is still within the normal range .
Essence Securities analysts said the report , assuming VSF price rose 1,000 yuan / ton , three friends of the chemical can be thickened , Aoyang Technology earnings per share were 0.16 yuan , 0.28 yuan .
Previously , the three friends chemicals and technology are released Aoyang forecasted to notice . Benefit from the expansion of production capacity of viscose staple fiber , the three friends Chemical expects 2013 annual net profit attributable to shareholders of listed companies surge more than 270% year on year .
Long-term bullish on the industry
This increase is meant to have been the turning point of the industry ? Insiders divided.
GF Securities research report that this price increase is confirmation of viscose staple fiber prices and the bottom of the earnings . The three friends Chemical believes that it is hard to determine whether the price of viscose fiber inflection point . Since 2008 , with the weak external demand and increased domestic competition , the domestic production capacity of viscose industry appears relative surplus , not yet out of the current industry overcapacity plagued the industry in 2014 will be roughly the trend continues in 2013 , will allow the recovery of demand in overseas markets part of the rise in the industry boom .Masking tape
As a substitute for cotton viscose , cotton viscose policies affecting price movements . It is understood that the 2014/ 2015 China will cancel the cotton purchasing and storage system , and will be the first trial in Xinjiang cotton subsidies is expected that the measure will fall in cotton prices . Currently the State Reserve cotton prices are high , cotton reserves will take time to release . Meanwhile, the cotton growth cycle have 10 months or so , the policy will not affect the price of cotton in one step in the short term is expected to be at least until the first half of 2015 has been revealed. In addition , there are not active farmers in cotton , viscose fibers as cotton alternatives there is a huge space for development .Washi tape
GF Securities believes that 2014 industry production capacity is limited, since 2015, no clear new capacity , industry will supply situation continued to improve , the three friends chemical -related companies , Aoyang Technology , Nanjing Chemical Fiber and Xinxiang Chemical Fiber expected to further enhance performance .Sellotape
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