Shanghai Daoqin Plastics Co., Ltd.

         in trade 战拖累石化 raw materials price fall, Formosa Plastics group lower formed heavy 灾区, more product cost 保卫战, company 采取获利 excellent 先策略, adjustment production capacity, lower product BDO(1,4 butanediol)因 price cost 线, has strip/profile 产线停产, 9 month strip/profile 产线也 add 入停产.

         幸南亚 electronics material separation, 受益于5G基 construction demand hot, add upper in trade 战, make separation 科技厂商 selection 本土厂商, electronics material 事业今 year 第4季淡季不淡, revenue has machine ratio 第3季逆势 formed long. 一消一 long, 南亚预估第4季 overall revenue will and 第3季 unchanged.

        南亚 has strip/profile BDO产线, due to upper raw materials butadiene price high, currently is 每吨1,300美元;而BDO price fall, most new to 每吨约1,280至1,350美元, pressure shrink 南亚获利空间, 南亚BDO第一 sleeve/set equipment 4 month already 经停车, sleeve/set equipment from 9 month 起暂停运转.

        BDO is butadiene lower product, main applications in industrial upper, is THF, PBT, PU, GBL, NMP, coating material and other plastics and fiber solvent agent, or manufacturing other chemical industry product raw materials. currently BDO占南亚 specific gravity 约3%. tube/pipe revenue specific gravity high, 但南亚 动 as 也显示近期石化 product pressure very large.

        南亚董事 long 吴嘉昭 table/sheet 示, cost table/sheet “做越 more, more ”, is control loss 失, 南亚动态 adjustment product production capacity. remove BDO, 南亚 丙二酚(BPA)也因同业 new increase production capacity 开出, formed market to increase, price fall, BPA light is upper price drop ultra- 两 formed. amount to cost factors, 9 month 起南亚 丙二酚 construction start rate pressure low to formed.

         in front, 南亚 主 force product EG(ethylene glycol)也因 is price 跌至历 history low 档, 南亚6 month degree lower formed EG basic production capacity, supply enterprise inner and combined 约客户 basic demand. upper raw materials ethylene price low, 南亚两 EG factory 7 month already heavy new material 复工, currently EG production capacity construction start rate already to formed left right.

        不 吴嘉昭 analysis, currently EG price also is low, 8 month ratio year large 跌逾四 formed, remove in enterprise 以天然 gas material production also can strong/high 赚钱, other 如采取 light or chemical industry manufacturing 产线都 is 亏钱, currently EG most new is 每吨552美元, is if can to 每吨600美元之 upper is comparison water 位, large can has 获利.