Shanxi's key chemical companies saw a drop in profits, total profit decreased by 96.14%
It is understood that from January to April, under the background of the continuous rise in international oil prices, the comparative advantage of Shanxi's chemical companies that use coal as raw materials highlights the increase in output. Outputs of caustic soda and soda ash increased by 23% and 22% respectively, production of pure benzene and refined methanol increased by 96% and 64.8%, respectively, and output of chemical fertilizers and agricultural films increased by 25.8% and 65.5% respectively year-on-year.
However, due to the increase in raw material prices and shortage of resources, combined with the market supply of domestic fertilizers, dyes, coke, and other advantageous products, and the impact of low demand, the efficiency level of Shanxi chemical companies has generally declined. As of the end of April, the 14 key chemical companies in the province had realized a total profit of 308 million yuan, a decrease of 96.14% year-on-year. Among them, Taihua Group achieved a profit of RMB 500,000, a year-on-year decrease of 71%, and Linyi Company achieved a profit of RMB 370,000, a year-on-year decrease of 188%. Fengxi Fertilizer, Shanxi Three-dimensional, and Shanxi Synthetic Rubber realized a 33% decrease in profits respectively. , 31% and 20%. Tianji Group and Double Happiness Tire had a loss of RMB 24.25 million and RMB 1.32 million, respectively, achieving a year-on-year decline of profits of 167% and 645% respectively.
In particular, in the coke industry, with overcapacity, rising costs, and coking projects that have been built by some large steel plants, production has gradually begun. At the same time, some companies in the metallurgical industry have switched to new technologies for injection and coal blowing, and the multiple effects of coke reduction have been relatively low. Coking enterprises without chemical recovery and non-owned coal mines all suffered losses, with a loss of about 200 yuan per ton. The production and operation of some key coking enterprises is also very difficult. Taiyuan Coal Gasification Co., Ltd., Sun Coking Co., Ltd., and Antai Group's profits have dropped by 55%, 50% and 15% year-on-year, respectively. Shanxi Coking Group's profits and losses have offset net losses of 10.29 million yuan.
However, relevant persons analyzed that the steady growth of the efficiency of chemical enterprises in the country this year will not fundamentally change. Therefore, if the product structure adjustment is in place, Shanxi chemical companies are expected to change their current difficulties in the coming period of time.
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