Crude oil related information:
Crude oil and related inventory: on January 14, 2022, the commercial inventory of crude oil in the United States was 413.8 million barrels, an increase of 500000 barrels per week; Gasoline inventory was 246.6 million barrels, an increase of 5.9 million barrels per week; Distillate oil inventory was 128 million barrels, with a weekly decrease of 1.4 million barrels; Propane inventory was 5868.6 million barrels, with a weekly decrease of 3.693 million barrels. U.S. crude oil production and number of drilling rigs: on January 14, 2022, the U.S. crude oil production was 11.7 million barrels / day, the weekly number remained unchanged, an increase of 700000 barrels / day compared with a year ago. On January 21, the number of drilling rigs in the United States was 604, with an increase of 3 in the week and 226 in the year; The number of drilling rigs in Canada is 212, with an increase of 21 in the week and 40 in the year. Among them, there are 491 oil production rigs in the United States, a decrease of 1 in the week and an increase of 202 in the year.
Price change:
Among the 188 chemical products we monitored, the top three products with price increases this week were hydrochloric acid (up 18.6%), butyl acrylate (up 13.1%) and octanol (up 12.9%); The top three declines were liquid chlorine (down 24.6%), urea International (down 12.0%) and dichloromethane (down 10.3%).
Monthly, the top three products with price increases were DMC (up 28.6%), 107 glue (up 28.0%) and chloroform (up 26.1%); The top three declines were liquid chlorine (down 27.5%), yellow phosphorus (down 24.2%) and acrylonitrile (down 22.4%).
Price difference change:
The top three products with price difference increase this week are butyl acrylate price difference (up 136.8%), PO price difference (up 39.4%) and polyethylene price difference (up 28.7%); The top three declines were: butadiene price difference (down 199.3%), coal head ethylene glycol price difference (down 43.9%) and polypropylene price difference (down 40.7%).
In terms of monthly price difference, the top three products with price difference increase are oil head ethylene glycol price difference (up 173.3%), R410A price difference (up 150.0%) and calcium carbide PVC price difference (up 145.4%); The top three declines were: coal head ethylene glycol price difference (down 170.3%), isooctane price difference (down 70.6%) and PX (down 64.2%).
Investment proposal and investment object
It is suggested to pay attention to the leading Shandong Weifang Rainbow Chemical Co.Ltd(301035) (301035, buy) of non patented pesticide preparations with global layout. Most Chinese pesticide enterprises focus on the production, sales and export of technical drugs, and their value or gross profit margin is low. The business model with independent registration of overseas preparations as the core is particularly scarce among local peers. In terms of growth, in recent years, the company's revenue and parent net profit CAGR have reached 20%, which is about 5% higher than the growth rate of the global agrochemical market, and the global market share is less than 2%, and the market share in its most heavily cultivated South American market is less than 4% (pesticide caliber for crops, 2019). There is a lot of growth space and momentum in the future!
Renewable plastics with low carbon emission and recyclable properties will meet the demand explosion under the background of overseas European plastic ban policy and China's 14th five year plan to encourage the same level and high value-added utilization of plastics. Recently, the EPC service provider Beijing Sanlian Hope Shin-Gosentechnical Service Co.Ltd(300384) (300384, buy), which is the leader in recycled polyester and recycled nylon technology, has successively signed 492 million yuan recycled differentiated nylon 6 and differentiated nylon 66 integration project and 262 million yuan food grade recycled RPET project contract, accounting for about 86% of the company's operating revenue in 2020. It is recommended to pay attention!
Risk tips
Price fluctuation risk of raw materials and shipping; The project progress is less than expected; Uncertainty risk of overseas operation.
