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Satellite Chemical (002648.SZ): Currently, there is still a demand gap of around 40% of equivalent among downstream products of domestic ethylene.
Chemical company Satellite (002648.SZ) stated during an investor relations event on August 15th that there is still about 40% of equivalent demand gap in downstream products of domestic ethylene, and many products such as high-end polyethylene, POE, EAA, etc. mostly rely on imports. Therefore, the domestic ethylene market still has room for significant growth. From the perspective of industry demand growth rate, global ethylene demand still maintains a relatively high growth rate every year; from the perspective of supply, there are many old devices built decades ago overseas, with a capacity built in the last century. Compared with small-scale integrated devices newly built in domestic, they have higher maintenance costs and are lacking.
Could The Market Be Wrong About Satellite Chemical Co.,Ltd. (SZSE:002648) Given Its Attractive Financial Prospects?
The latest movement of the social security fund has added shares in Western Mining, newly invested in Satellite Chemical, and reduced shareholdings in Bomesc Offshore Engineering.
With the gradual disclosure of listed companies' semi-annual reports, the latest trend of the social security fund has been revealed. At the end of last year, the social security fund released its annual report, stating that the total investment income of the social security fund since its establishment is 1657.554 billion yuan, with an average annual investment return rate of 7.66%. It is quite impressive that the social security fund can achieve such a performance with less than 40% of its equity assets. According to the published data, the accumulated yield of the social security fund has exceeded 80% from 2014 to 2022, while the Shanghai Composite Index has only increased by half of the former. The proportion of companies in the A-share market (listed before 2014) with cumulative growth exceeding 80% during the same period is only
Huachuang Securities' mid-year strategy for energy and chemical industry in year 24: resistance of supply, new land of demand.
Revising the binary structure of domestic real estate and US inventory cycle demand in the past to a ternary structure of China, developed countries' inventory cycle, and Asia, Africa, and Latin America. Bullish on chemicals driven by developing countries expected to see a long-term upward demand trend.
Satellite Chemical (002648.SZ) announced that its scientific and technological achievement of the green new process for preparing high-selectivity ethylene dimerization to 1-butene has passed the evaluation.
On July 22, Gelunhui announced that on July 19, 2024, Satellite Chemical Co., Ltd.'s "Green New Technology for Ethylene High Selective Dimerizing to Produce 1-Butene" was successfully evaluated at the achievement evaluation meeting organized by PetroChina and Chemical Industry Association of China in Beijing. The evaluation committee, consisting of seven experts including Han Buxing, academician of the Chinese Academy of Sciences and researcher of the Institute of Chemistry of the Chinese Academy of Sciences, and Zhang Liqun, academician of the Chinese Academy of Engineering and president of Xi'an Jiaotong University, evaluated the pilot-scale achievements of Satellite Chemical's high-purity 1-butene technology. The evaluation committee believes that Satellite Chemical
Satellite Chemical Co.,Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
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