The hottest Jiangshan chemical industry faces pres

Jiangshan chemical is under pressure for methanol rise in shutdown and overhaul.

Jiangshan chemical DMF and other units are shutdown and overhauled. Jiangshan chemical plans to overhaul the production units for about 20 days. This overhaul has little impact on the company's product sales and performance. Recently, the price of methanol has increased significantly, and the company will face cost pressure

this shutdown and overhaul will have a certain impact on the output of DMF, DMAC and other products of the company, but considering that the operating rate of downstream Pu slurry, spandex and other industries will decline due to the Spring Festival factors, the representative manufacturers of this shutdown and overhaul are Dalian Borong, which extracts vanadium from oil fly ash or slag, and Liaoning Hongjing group, which extracts vanadium from vanadium containing waste catalyst, with limited impact on sales and performance. At present, the downstream demand of the company's main products has rebounded, and the production and sales volume is expected to continue to grow, but the main raw materials can avoid or avoid the corrosion and corrosion caused by air, water droplets, water vapor, corrosive gases and liquids, dust, oxides, etc. the rise in methanol prices has a certain impact on the gross profit rate

the company is mainly engaged in the development, production and sales of chemical products. At present, it has n, N-dimethylformamide (DMF), dimethylacetamide (DMAC), methylamine (MA), synthetic ammonia, methanol and other production units and its own thermal power stations. At present, the DMF capacity of the company is 180000 tons, ranking second only to Hualu Hengsheng (600426) in the world. DMAC has a capacity of 40000 tons, ranking first in the world. The scale, technical level and product quality of DMF, DMAC and mixed methylamine devices of the company are in line with international standards, and are at the leading level in China. The products are widely used in acrylic fiber, polyurethane, medicine, dyes, pesticides and other industries. At present, it is one of the main organic amine production bases in China

dmf domestic consumption is mainly in wet PU slurry and electronic copper clad laminate, of which Pu slurry accounts for about 80% of the total demand. Due to the rapid development of PU synthetic leather in China in recent years, the demand for DMF is also increasing. PU synthetic leather has the advantages of good breathability, softness, good hand feel and comfortable wearing. The demand for leather products is increasing day by day, while the development of natural leather is constrained by resources and environmental factors, and the supply is tight, which provides an opportunity for the rapid development of PU synthetic leather. China has developed into the world's largest producer of leather shoes and bags, accounting for 50% of the world's annual output. The demand for Pu has increased rapidly, and the corresponding consumption of DMF has also increased significantly. The main raw materials of DMF are methanol and liquid ammonia. Naphtha and natural gas are mainly used as raw materials in foreign countries, while coal is used as raw materials in a considerable part of China. Since the second half of 2008, under the impact of the international financial crisis, the price of methanol has decreased significantly, while the price of DMF has decreased relatively little, so that the company's DMF gross profit margin has been rapidly increased by the use of horizontal hanging tensile testing machine recommended by other specifications and models. However, since the fourth quarter of 2009, the domestic methanol price has begun to rise, which has now exceeded 2200 yuan/ton, and the low point has increased by more than 500 yuan/ton. The methanol required by the company is outsourced, and the generation cost is bound to be pushed up. Compared with Hualu Hengsheng, which is self-sufficient in methanol, the competitiveness of the company's products will be weakened

dmac is an excellent polar solvent and important chemical raw material. DMAC and DMF have few common applications. They are used in the production of spandex, dry spun acrylic and polyimide resin in China. They are also often used as additives in the production of coatings, pharmaceuticals and catalysts, as extraction and distillation solvents for the separation of styrene, and as raw materials for the synthesis of antibiotics and pesticides. Since the second quarter of 2009, the boom of spandex industry has recovered, and the company's DMAC device has been running steadily, and the scale effect has begun to reflect. Meanwhile, acetic acid is the main raw material of DMAC, accounting for nearly 50% of the production cost. The sharp drop in acetic acid prices since the second half of 2008 has also promoted the company's DMAC business profitability. The production and sales volume of DMAC of the company will reach 30000 tons in 2009, and is expected to reach 40000 tons in 2010 with the economic recovery

while developing DMF and DMAC, the company also plans to vigorously develop coal chemical industry and build a circular economy industrial base. In April, 2008, the company signed the investment framework agreement with the people's Government of Ordos City and the people's Government of Wushen Banner. It plans to build a circular economy industrial base in Wushenzhao Industrial Park of Wushen Banner, Ordos City, using world-class technology, with an annual output of 1million tons of coal to methanol, 100000 tons of synthetic ammonia, 230000 tons of methylamine, 100MW coal gangue cogeneration plant, 300000 tons of DMF and 50000 tons of choline chloride and methylamine derivatives, The total investment is 5billion yuan, and the estimated sales revenue is more than 6billion yuan

Jiangshan chemical achieved an operating income of 858 million yuan in September, a year-on-year decrease of 7.93%; The net profit attributable to the owner of the parent company in 2015 was 58.5125 million yuan, with a year-on-year increase of 249.14%; Earnings per share is 0.42 yuan, and net assets per share is 3.3 yuan

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