This week’s Chemical Market Overview
This week, the market stabilized and rebounded after experiencing a rapid decline. Among them, Shenwan chemical fell 3.77% and lost 3.84% of the Shanghai and Shenzhen 300 index. Pay more attention to market certainty and performance. This week is an intensive earnings announcement period, and the performance has a great impact on the stock price trend of relevant targets. After our resumption of trading, most of the targets with better or poor performance this week are related to the performance. Structurally, growth stocks performed strongly in the second half of this week. We can see that many growth stocks, whether PE or Pb, are in the very low quantile in history and are highly cost-effective; In terms of rhythm, it is suggested to give priority to the target with relatively certain performance this year.
Portfolio recommendation
\u3000\u3 Guangdong Shaoneng Group Co.Ltd(000601) 208 Valiant Co.Ltd(002643) Jiangsu Yangnong Chemical Co.Ltd(600486) Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) Wanhua Chemical Group Co.Ltd(600309)
Major events of this week
Indonesia will ban the export of palm oil from April 28. Statistics show that this year, the international price of soybean oil rose by nearly 50%, while the price of palm oil rose by nearly 40%. It is worth noting that in the first quarter of this year, palm oil from Indonesia accounted for 52% of China’s imports. Due to Indonesia’s export restrictions, it may further push up the price of edible oil in China. Over the past year, the price increase of edible oil in China is far lower than that in the international market. The export ban is conducive to raising the market price of global biodiesel and supporting the export price of biodiesel in China to a certain extent.
The Ministry of agriculture and rural areas has fully implemented the action of comprehensive utilization of straw. The Ministry of agriculture and rural areas plans to build 300 key counties for comprehensive utilization of straw and 600 demonstration bases for comprehensive utilization of straw across the country to ensure that the comprehensive utilization rate of straw across the country is stable at more than 86%. The professional deployment of straw by the Ministry of agriculture will promote the application of straw in different fields, and local governments will be more deeply involved in the effective utilization of straw as fertilizer, feed and energy, which is conducive to enterprises that use straw as raw materials.
Russia extended export restrictions on chemical fertilizers to August 31. According to the news on the official website of the Russian President on April 27, Russian President Vladimir Putin instructed to extend the restrictions on Russia’s export of chemical fertilizer until August 31 and consider the possibility of further extending the restrictions. In view of the high proportion of Russian fertilizer exports in overseas supply, the global fertilizer gap will continue, and overseas fertilizer prices are expected to remain high.
Risk tips
The epidemic affects demand outside China, crude oil prices fluctuate violently, and changes in international policies affect industrial layout
