Yanggu Huatai Chemical‘s Q3' net down
Recently, Shandong Yanggu Huatai Chemical Co.,Ltd. announced it performance forecast of first three quarters.
The company predicts that it realized 120 million -132 million yuan of net profit in the first nine months.
Due to raw material price rising, its net profit was only 39 million to 51 million yuan, year-on-year decreasing 15-35%.
Meanwhile, its operation ratio reduced in August because of environmental verification, which effected its performance in Q3' 2017.
With environmental verification keeping pressure on rubber additive industry, middle and small companies have to quit from rubber additive market. In that case, anti-scorcher,accelerator price surges a lot.
The company's NS price rose from July's 30,500 yuan/ton to August's 38,000 yuan/ton, and anti-scorcher price rose from 30,000 yuan/ton to 38,000 yuan/ton during the same time.
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