Pharmaceutical Pesticide Intermediates
General Chemicals
FertilizerSupply and demand imbalance. Global chemical product prices have risen sharply
Wanhua Chemical disclosed 2021 annual performance report, the company achieved 2021 annual operating revenue of 145.538 billion yuan, up 98.19% year on year.The net profit attributable to shareholders of the listed company was 24.649 billion yuan, up 145.47% year on year.Net profit attributable to non-recurring gains and losses excluding shareholders of the listed company was 24.356 billion yuan, up 155.2% year on year.
During the reporting period, the global periodic supply and demand imbalance of chemical products, the general price of chemical products, with wanhua Yantai MDI device, million tons of ethylene and other new production capacity, new devices, polyurethane, petrochemical and fine chemicals and other major products increased significantly, scale effect, profitability.Wanhua Chemical Group Co., Ltd. is a global chemical new materials company, with its business covering four industrial clusters: polyurethane, petrochemical, fine chemicals and emerging materials.The industries served mainly include: living and home furnishing, sports and leisure, automobile transportation, construction industry, electronics and electrical engineering, personal care and green energy.As a global chemical new materials company, Wanhua Chemical has six production bases and factories in Yantai, Ningbo, Sichuan, Fujian, Zhuhai and Hungary, forming a strong production and operation network. In addition, Yantai, Ningbo, Beijing, North America, Europe and have subsidiaries and offices in Europe, USA and Japan, aiming to provide more competitive products and integrated solutions for global customers.
In March 2021, Wanhua announced that the listing price of aggregate MDI distribution market in China was 28000 yuan / ton (7500 yuan / ton from February), the direct market listing price was 28000 yuan / ton (7500 yuan / ton from February), and the pure MDI listing price was 28000 yuan / ton (4000 yuan / ton from February).In terms of the price increase, the listing price of aggregate MDI increased by nearly 37%, and the price of pure MDI also rose by nearly 17%.