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Business performance of carbon black, rubber additives turn better in 2017

More than 150 chemical companies listed in the A-share stock markets have released their business forecasts for 2017, and nearly 80% are positive.

A number of tire-related chemical companies performed well in 2017.

Profits of carbon black giants surge

Jiangxi Black Cat Carbon Black Co., Ltd. predicts the net profit in 2017 to be between 480 million yuan and 520 million yuan, up 409.91% to 452.4% year on year.

The carbon black producer says the supply-demand structure and competition order of China’s carbon black sector continue to improve and the prices of carbon black products keep growing.

Longxing Chemical Co., Ltd.’s profit in 2017 is expected to rise 276% to 308% and reach 85 million to 90 million yuan.

Rubber additive sector embraces growth

About 70% products of the rubber additive sector are used for tire production.

An analyst says because of stricter environmental protection inspection, low-end capacity of the sector has quit gradually, making the sector concentrating further.

At the same time, as major global economies recover, the world’s tire output in 2017 is expected to exceed 2.2 million, up about 2%.

In addition, China’s tire sector has gradually walked out of the shadow of the US’s anti-dumping means, the tire exports will keep growing by 6% in 2017.

As a result, rubber additive giants, Shandong Yanggu Huatai Chemical Co., Ltd. for instance, performs well.

The company predicts its profit in 2017 to reach 196 million to 219 million yuan, up 25% to 40% year on year.