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When Should You Buy Huafon Chemical Co.,Ltd (SZSE:002064)?
Private Companies Are Huafon Chemical Co.,Ltd's (SZSE:002064) Biggest Owners and Were Rewarded After Market Cap Rose by CN¥2.9b Last Week
The Three-year Shareholder Returns and Company Earnings Persist Lower as Huafon ChemicalLtd (SZSE:002064) Stock Falls a Further 4.4% in Past Week
Huafon Chemical (002064.SZ): The price of adiponitrile is fluctuating at a low level and is expected to continue its oscillating trend in the second half of the year.
On August 15th, Huafon Chemical (002064.SZ) expressed in an investor relations event that due to significant expansion in production capacity in recent years and high running raw material prices this year, the market supply exceeds demand with weak demand recovery under the dual pressures of strong cost support and that the price difference between benzene and hexane is fluctuating at a low level. We expect that the fluctuation trend will continue in the second half of the year. In the future, with further improvement in the economic environment and the introduction of industry supporting policies, downstream demand will be released, especially the breakthrough in domestic adiponitrile technology, which will bring new growth points for nylon 66; at the same time, with the promotion of national policies such as plastic restriction order, PBAT still has a lot of production capacity.
Huafon Chemical's H1 Profit Up 12%, Operating Income Rises 9%
Huafon Chemical: Summary of Half-Year Report in 2024.
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