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Those Who Invested in Ningxia Baofeng Energy Group (SHSE:600989) Five Years Ago Are up 113%
Tianfeng: The inventory cycle of Energy exploitation may reach its turning point before the production capacity turning point.
The refining products and coke products in the midstream are at the tail end of active destocking, and are expected to enter a state of passive destocking in 2025, increasing the probability of price increases.
Ningxia Baofeng Energy Group Co., Ltd.'s (SHSE:600989) Subdued P/E Might Signal An Opportunity
China Galaxy Securities: Oil prices remain stable, focusing on the growth of the petrochemical sector.
Currently, the petrochemical industry has a high level of ongoing projects. As the effects of policy stimulus gradually become evident, end consumer demand may see some improvement, but the industry's existing capacity and ongoing capacity will still require time to be digested.
Founder Securities: The reversal of the chemical industry is likely near, Bullish on the opportunities for layout on the left side of the cycle.
The Global economy in the Industry has been in a downturn and has dragged on until now, with high prices of oil and coal causing profits in the industry to shift upstream, and the profitability level of bulk chemicals has reached a historical low.
Ningxia Baofeng Energy Group (600989.SH): The decline in coal prices has improved the price spread of the company's products.
On December 24, Gelonghui reported that Ningxia Baofeng Energy Group (600989.SH) stated on an interactive platform that coal prices have shown a downward trend recently. As of December 20, the Quote for Inner Mongolia ERDOS Resources Q6000 at the pit was 680 yuan/ton, a decrease of 60 yuan/ton compared to the previous period, a drop of 8.11%; the Quote for Shaanxi Yulin Q5500 at the pit was 575 yuan/ton, a decrease of 40 yuan/ton compared to the previous period, a drop of 6.5%; the Quote for Shanxi Datong Q5600 at the pit was 595 yuan/ton, a decrease of 60 yuan/ton compared to the previous period, a drop of 9.16%. The cost of raw coal accounts for about half of the total cost of olefins, so the drop in coal prices will improve the price spread of the company's products.
Ningxia Baofeng Energy Group (SHSE:600989) Could Be Struggling To Allocate Capital
