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.

Zhitong FinanceJan 2 09:42

Satellite Chemical (002648.SZ): Currently, the PDH capacity is 0.9 million tons per year, and imported propane exceeds 1 million tons per year.

On December 31, Gelonghui reported that Satellite Chemical (002648.SZ) stated on the investor interaction platform that the company's current PDH capacity is 0.9 million tons/year, and it imports more than 1 million tons of propane/year. The company has established a relatively complete raw material procurement mechanism and internal coordination system, and over the years has accumulated rich experience in Global procurement, making decisions focused on maximizing benefits to reduce the company's raw material procurement costs.

Gelonghui FinanceDec 31, 2024 14:47

Research Reports Mining丨CICC: Reduction of ethane import tariffs is expected to maintain Satellite Chemical's cost advantages.

China International Capital Corporation's Research Reports indicate that the import tariff for ethane has been reduced, and the policy encourages the development of light hydrocarbon routes. Satellite Chemical (002648.SZ) currently has 2.5 million tons of ethylene capacity corresponding to about 3 million tons of imported ethane. Based on the average price of USA ethane at 24 cents per gallon in 2023, a 1% reduction in import tariffs would save the company approximately 0.1 billion yuan in costs each year. Recently, Brent oil prices have fluctuated around 70-75 dollars per barrel, and USA ethane prices have risen to above 25 cents per gallon. However, our calculations show that domestic ethane cracking has an advantage of over 2,000 yuan per ton compared to naphtha cracking routes. Bullish on ethane.

Gelonghui FinanceDec 30, 2024 15:53 · Ratings

A-share fluctuations | Satellite Chemical increased by more than 5% on increased volume. Brokerage indicated that the import tax rate for ethane has been lowered, and the company is expected to benefit from reduced costs.

On December 30, Gelonghui reported that Satellite Chemical (002648.SZ) rose over 5%, currently priced at 19.11 yuan, reaching a one-and-a-half-month high, with turnover increasing to 0.82 billion yuan and a total market value of 64.4 billion yuan. In news, the State Council Tariff Commission recently released the "2025 Tariff Adjustment Plan," which implements temporary import tax rates lower than the most-favored-nation rates on 935 Commodities, promoting green and low-carbon development and reducing import tariffs on ethane and certain recycled Copper and Aluminum raw materials. The plan will take effect on January 1, 2025. Minsheng Securities commented that the reduction in ethane import tax rates is expected to benefit the company's costs, alongside new projects.

Gelonghui FinanceDec 30, 2024 11:10

Satellite Chemical (002648): Reduction in ethane import tariffs, policy encourages the development of light hydrocarbon routes.

The State Council Tariff Commission released the "2025 Tariff Adjustment Plan". In order to enhance the coordinated effect of domestic and international markets and resources, a temporary import tariff lower than the most-favored-nation rate will be implemented on 935 Commodities in 2025.

China International Capital CorporationDec 29, 2024 00:00

Express News | Today, a total of 62 stocks in the A-shares market experienced large trades, with Industrial Bank, Bank Of Changsha, and Guangzhou Sie Consulting leading in transaction volume.

BreakingsDec 25, 2024 17:39