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Here's What To Make Of Satellite ChemicalLtd's (SZSE:002648) Decelerating Rates Of Return
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. In a perfect world, we'd like to see a company investing mor
Satellite Chemical (002648.SZ): The current production capacity of butadiene is 70,000 tons/year, and the rise in butadiene prices is bullish for the company.
Satellite Chemical (002648.SZ) stated on the investor platform on June 17th that the company's current butadiene production capacity is 70,000 tons/year, and the rise in butadiene prices is bullish for the company. With the implementation of the Alpha Olefin Comprehensive Utilization High-end New Materials Industrial Park project, the company can increase its butadiene equipment in the future.
Satellite Chemical (002648.SZ): Ethane procurement pricing follows market trends and the recent ethane prices remain low.
Satellite Chemical (002648.SZ) stated on the investor platform that the pricing of the company's ethane procurement is based on market fluctuations. Recently, the price of ethane has remained low and the normal fluctuations in natural gas prices have not affected the company's performance. The company has established a relatively complete procurement mechanism and internal linkage system, and has accumulated rich procurement experience over the years, making decisions around maximizing interests.
Satellite Chemical (002648.SZ): The construction of the polyol project is nearing completion and is expected to be put into production in the near future.
On June 11th, Glory Hui reported that Satellite Chemicals (002648.SZ) stated on the investor interaction platform that the construction of the company's multi-carbon alcohol project is nearing completion and is expected to be put into production soon. The routine maintenance devices have all been overhauled and production has returned to normal. Please refer to the disclosed resumption announcement and company announcement for specific information.
China Galaxy Securities: Silver price fell from a high level in May, and it is expected to continue to be supported in the future.
With the arrival of the summer driving season in the USA, the refinery operating rate in the USA has risen to 94.3%. It is expected to remain high in the future, coupled with the continuing production cuts of OPEC+. Oil prices are expected to remain supported.
Guosen Securities: OPEC+ extends production cut time, international oil prices are expected to continue to maintain a relatively high range.
Guosen released research reports stating that on June 2nd, OPEC+ held a ministerial meeting and decided to extend the collective production reduction target of 3.66 million barrels/day until the end of 2025. The voluntary production reduction target of 2.2 million barrels/day was extended for 3 months until the end of September 2024. At the same time, Russia reduced its oil production from about 9.5 million barrels/day in the first quarter to 9 million barrels/day by the end of June; the US strategic oil reserves entered a replenishment phase, and shale oil capital expenditures are insufficient, leading to limited production increases, resulting in an overall tight supply. As the global economy continues to recover, the demand side is gradually entering a seasonal demand peak, leading to increased demand for oil.
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