Benefits of New Materials Leading and Featured Enterprises Guoxin Securities believes that it will rely on purely relying on product price/performance advantages to achieve import substitution, to closely track and imitate the latest research and development progress and achievements in foreign countries; with these outstanding companies in research and development, production management, etc. With the continuous accumulation of experience, China's chemical industry is already at the critical point between the initial period of rapid development of independent research and development of new materials.
The full revitalization plan mentioned the establishment of a petrochemical industry rejuvenation and technological renovation program, and focused on supporting the development of high-end petrochemical products. Including support for the development and application of cutting-edge technologies such as isoprene rubber, industrialization of key technologies such as butyl rubber and caprolactam.
Sub-sectors that may benefit include: silicones, organic fluorines, engineering plastics, specialty plastics, and rubber. Corresponding listed companies: Xinan Stock (600596), Bluestar New Material (600299), Hongda New Material (002211), San Aifu (600636), Blonde Technology (600143), Sheng Tire, etc.
In addition, the state encourages textile exports will also benefit the chemical fiber industry chain (especially high-tech fiber, such as aramid and carbon fiber) and dyes and textile auxiliaries.
Companies that may benefit include: Huafeng Spandex, Yantai Spandex (002254), Yantai Wanhua (600309), Shanxi Three-Dimensional (000755), Demei Chemical (002054), Chuanhua (002010), Shandong Hailong (000677), Xinxiang Chemical fiber (000949) and so on.
The latest report of the leading long-term beneficiaries of the coal chemical industry to Zhejiang Securities believes that the petrochemical industry plan will continue to resolutely curb the blind development of coal chemical industry, resolutely curb the blind development of coal chemical industry, and actively guide the healthy development of the coal chemical industry. In the next three years, it will stop approving coal chemical projects such as coke and calcium carbide that simply increase production capacity. In principle, no new coal chemical pilot projects will be arranged, focusing on existing coal-to-oil, coal-to-olefin, coal-to-dimethyl ether, and coal-based systems. Five types of demonstration projects, such as methane gas and coal-to-ethylene glycol, explore new ways for the efficient, clean conversion of coal and the diversified development of petrochemical feedstocks.
Judging from the content of coal chemical industry planning: persist in “doing something and failingâ€: encourage the adoption of clean, efficient, and environmentally friendly integrated deep processing mode, make full use of existing domestic coal resources, and resolutely eliminate blindly expanding production capacity. The "two high and one capital" project such as coke and calcium carbide.
In the long-term, due to the suspension of approval of coking coal and calcium carbide and other coal chemical projects that simply increase production capacity, there will be virtually no protection for the existing clean, efficient, and environmentally friendly integrated coal chemical industry leader. When the future crude oil prices return to high levels, and When demand for coke and calcium carbide rebounds, Xinjiang Tianye (600075), Intime (000635) and Yunwei (600725) will benefit from it.
The listed companies such as Danhua Technology and Tianmao Group are expected to benefit from the five demonstration projects of coal-to-petroleum, coal-to-olefin, coal-to-dimethyl ether, coal-methane gas, and coal-to-ethylene glycol.
Liuhua shares and Hualu Hengsheng are expected to benefit from the country's development requirements for the efficient and clean coal conversion.
Petrochemical policy has benefited the new materials leading and featured companies
On May 18, the State Council issued the “Planning and Revitalization Plan for the Petrochemical Industryâ€, which is a further refinement of the principled guidance plan for the petrochemical industry planning announced on February 19. The "plan" lists the main tasks of industrial adjustment and revitalization; and puts forward corresponding policy measures. Analysts generally believe that the "Planning and Revitalization Plan for the Petrochemical Industry" will constitute a significant medium-to-long-term advantage for the entire petrochemical industry and further stimulate the market's confidence.