Too bad! More than 400 chemicals "frustrated"!
Industry insiders said that the Yangshan deep-water port terminal has now become a "reservoir", as of March, stacked empty containers of about 370,000 TEUs. The collection cards waiting outside seem orderly, but they are all empty, waiting for orders that do not know when to come.
Freight rates once again lost the thousand mark, the container industry such as into the ice
Net profit down 156%! The paint industry was affected by the cold market
The collapse of foreign trade exports has caused a fatal blow to container enterprises. China's three largest shipping companies in Taiwan suffered a sharp decline in revenue in the first month of this year, and the decline of more than 50%. In January, Wan Hai Shipping revenue was NT $9.496 billion, down 70.79% year-on-year. Yangming's revenue was NT $12.7bn, down 64.27 per cent from a year earlier. Evergreen's revenue was NT $26.24 billion, down 53.83 percent from a year earlier.
Foreign trade export data declined, chemical enterprises profit halved, more than 400 chemical products suffered winter
The decline in foreign trade export data, the profit of chemical enterprises halved, which also to the main foreign trade chemical enterprises, and even more basic chemical raw material enterprises have brought great pressure, it seems that no company can be immune. According to incomplete statistics, exports accounted for more than 30% of the products mainly include rubber auxiliaries, titanium dioxide, polyurethane, dyes, phosphorus chemicals, fertilizers and other products, promoters, antioxidants, ammonium sulfate, ammonium phosphate, polymerized MDI and other products exports accounted for more than 50%.
In 2022, the cumulative export value of the chemical industry is 304.95 billion US dollars, accounting for 80.4% of the total cumulative export value of the whole industry. Among them, ethylene, propylene, n-butanol, PX, xylene, bisphenol A and other chemicals in the fields of olefin, aromatics, chemical fiber, coal chemical industry are exported in large quantities, and about 20 million tons of chemicals are exported in the year, involving nearly 400 categories.
The container shipping winter, which has lasted about a year, has undoubtedly closed the door of survival for these chemicals, and has also brought severe survival tests to chemical producers and even traders. If you are optimistic, you may be able to wait for the recovery of the industry, and enterprises with slightly weaker competitiveness and even incomplete capital chain are afraid that they will gradually lose their vitality in waiting again and again.
