The market price of dyes is rising, leading companies are expected to benefit

June 07, 2023

China Securities Network (Reporter Shao Hao, editor Sun Fang) Following the cyclical varieties of coal and non-ferrous metals, the price hike is expanding into the dye field.

Bauxite Co., Ltd. 002,440, when the medical stock was investigated by the agency on August 2, explained in more detail the amendments to the first half of the performance forecast. According to reports, the company has raised the price of related dye products in the near stage according to market conditions. Currently, disperse dyes

Affected by the price increase, the company said in the first half of the performance forecast announcement on July 11 that the net profit attributable to shareholders of the listed company is expected to be between 350 million and 450 million yuan, an increase of 32.56% to 70.44%. Previously, when the quarterly report was disclosed, the company only said that it expects the net profit to change from 13.63% to 32.56% in the first half of the year, and the net profit range is from 300 million to 350 million yuan.

In the investigation, Bauxite also disclosed that the price of dye products was affected by multiple factors, and the price fluctuations were normal. At present, the company's inventory is at a low level. As for the impact of environmental protection that has received much attention, the company said that in the long run, strengthening environmental protection requirements will promote the orderly development of the printing and dyeing industry, and will also be more conducive to the development of the upstream and downstream industry chain, including the dye industry. Every year, the company invests a lot of money in environmental protection, and its environmental advantages have gradually been reflected.

Another dye listed companies, Zhejiang Longsheng 600352, shares are diagnosed in 2017 semi-annual report revealed a similar situation. According to reports, in the first half of the year, the domestic dye market showed a trend of rising volume and price, and the foreign dye market developed steadily. Affected by this, the company's main business profit has risen steadily.

The data shows that Zhejiang Longsheng achieved operating income of 7.515 billion yuan in the first half of the year, a year-on-year increase of 19.5%, and net profit after deducting non-depreciation was 980 million yuan, a year-on-year increase of 54.93%.

The company further explained that after the continuous decline in the domestic dye market in 2015 and 2016, the terminal industry went to the end of inventory. Since then, along with the market pattern of the domestic dye market re-entering orderly competition, as well as the growth of textile and apparel demand in the domestic dye terminal industry, at the same time, the overall export growth has also achieved moderate growth, and the supply and demand situation of the dye market began to improve.

For the supply and demand changes in the dye industry, some research institutes have indicated that at present, the inventory of dyes and downstream printing and dyeing enterprises is historically low. Among them, the inventory of major dye companies is obviously consumed, and the inventory since 2017 is at a historical low, only less than one month.

Environmental upgrades also have an impact on industry supply. It is reported that with the approaching time of the central environmental protection inspector, nearly 100 companies have ceased production in Shangyu Industrial Park in Shaoxing, Zhejiang Province since July, and there are still no signs of restart, including dyes and intermediates such as Yide Chemical and Xincheng Dyestuff. . According to the requirements of the Ministry of Environmental Protection, enterprises that cannot upgrade and renovate their standards will be shut down completely before the end of September. It is expected that the shutdown speed of small and medium-sized dye factories will accelerate soon before the end of the year.

[ Industry information ]

The rising cost of raw materials, some printing and dyeing manufacturers, post-holiday price increases

China Securities Network News is boosted by the upstream dyes, fabrics and labor costs. Some printing and dyeing manufacturers in Shaoxing have announced a slight increase in printing and dyeing prices after the holiday. The price ranges of sensitive colors such as red and blue are around 0.5-1 yuan/kg. Previously, the printing and dyeing industry in Fujian had started to raise the price of dyeing fees from February 7th, 3,000 yuan below 30 yards, and 2,000 yuan above 30 yards.

After the holiday, the dye industry is welcoming the price increase leading company is expected to benefit (attached shares)

After the Spring Festival, the dye industry ushered in the price hike after the Spring Festival, the printing and dyeing industry ushered in the first price increase within six months. The price of mainstream disperse dyes rose by 3,000 yuan / ton to 26,000 yuan / ton. After the holiday, textiles, printing and dyeing and other fields ushered in the peak season, which is expected to support the price increase of dyes.

[ Certificate rating ]

Northeast Securities 000686, Diagnostics : The dye market is picking up

In 2016, the company achieved revenue of 4.353 billion yuan, a decrease of 3.73% year-on-year; the net profit attributable to shareholders of listed companies was 660 million yuan, a year-on-year decrease of 10.04%. The company's 2016 annual profit distribution plan is to distribute a cash dividend of RMB 3.5 per 10 shares.

Pacific 601099, diagnostic stock : dye quantity and price rise, Zhejiang Longsheng will benefit the future environmental protection high pressure

Event: The company recently released its 2017 semi-annual report, achieving operating income of 7.515 billion yuan, up 19.50% year-on-year. Net profit attributable to shareholders of listed companies was 1.013 billion yuan, up 4.83% year-on-year, and non-net profit was 980 million yuan, up 54.93% year-on-year. . The EPS is 0.31 yuan.

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