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Express News | The satellite chemical alpha-olefin comprehensive utilization high-end new material industrial park officially started construction, the first of its kind in China.
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.
Express News | Satellite Chemical has been selected as one of the first batch of 'Zhejiang Made' standard cultivation plans.
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 has rebounded to 94.3%, and is expected to remain high in the future, coupled with the continuation of OPEC+ production cuts, oil prices are expected to be supported.
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