Crude oil prices this year, resulting in the plastics industry profit margins, which have been reflected in the first quarter, but the recent drop in oil prices to industry relief. The agencies believe that, due to relatively stable gross margins decline while the demand for plastic industry in the first half year net profit growth expected to slow down.
At the macro policy driven by the plastics industry has been basically out of the woods this year. According to statistics Beijing Ebizal consultants, industry category in the plastic plate in the first quarter net profit of 248.83 million yuan total, but only 53.4 million yuan a year earlier.
After entering the second quarter, oil prices fluctuate, the gross margin for the plastics industry to changes in variables. Analysts said the impact of oil price fluctuations on a single quarter is not a good judge, but with the raw material cost increases over the previous year, gross profit margins in the plastics industry should drop.
As of 9 June, 18 companies in the plastics industry has 10 companies that disclosed the notice in the first half performance, which one losses, 4 slightly increased. Fosugufen expected losses, in the first half net profit of 50 million yuan -5,500 million. Cangzhou Mingzhu expected to increase no more than 30%; Lai Sing and Industry is expected to increase 30% -50%; large Southeast is expected to increase less than 50%; Pleater expected to increase about 30%.
Beijing Ebizal consultants believe that the plastic plate in the first half year net profit will increase, but growth will decline compared with the first quarter. Plastic covers a relatively broad, with PVC plastic products as raw material costs are relatively stable, and to PP, PE plastic products such as raw materials influenced by oil price fluctuations.
Categories Do not look at the different sub-sectors is not consistent with the future development prospects. National security researcher that the plastics industry should look for a higher technical level, lower prospects of the company, and avoid the technical level is relatively low, the low barriers to entry and competitive sub-sectors. To produce up shares in the farm as an example, the company expects continued losses in the first half, prices put up is not an important factor affecting performance of the company.
Analysts generally more optimistic modified plastics. Modified plastics plastic products industry one of the highest value-added products, foreign wire and cable industry special halogen wire and cable materials, special materials and gross margin up to 30%. China modified plastics business in its infancy, and broad development prospects. Industry sources say that the field of high-end plastic products, domestic enterprises can not keep up the main bottleneck is the technical level, production capacity less.
And modification of plastics-related companies have Pleater, blond technology. Pleater essential for the modification of plastic car. Although this year's auto sales growth will slow down, but this does not affect the downstream vehicle modified plastics demand. Car pulling for modified plastics are light weight in addition to sales growth trend. 20% of the weight of the foreign car is modified plastics, while the proportion is 11% of the country. Blonde technology is the most complete domestic product, the maximum yield of modified plastics manufacturer, the company's sales revenue by 40% from home appliances, 25% from the car.
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