某某家电有限公司

LOWER NOISE


LONGER MILEAGE

QUICKER DELIVERY

HOME >> NEWS >>INDUSTRY NEWS >> The Performance of Two Giants in Carbon Black Industry was Not Optimistic
Details

The Performance of Two Giants in Carbon Black Industry was Not Optimistic

Time:2019-10-10     Author:Changfengtire【Reserved】

On July 13, Blackcat and Longxing Chemical published the performance preannoucement of the first half year in 2019, the net profit attributable to the shareholders of the listed companies of both companies had a deficit of 80 Million Yuan ~120 Million Yuan respectively, had a profit of 8 Million Yuan ~12 Million Yuan respectively.


According to the announcement, the net profit attributable to the shareholders of the listed companies of Blackcat in the same period of last year was 300 Million Yuan, with a year-on-year change of -139.20%~126.13%; the profit of Longxing Chemical in the same period of last year was 63.2319 Million Yuan, with a year-on-year decrease of 87.35%~81.02%.


According to the information, in the first half of this year, the price of raw oil for coke carbon black in China maintained high, meanwhile, affected by decline in demand of automobile industry and negative forecast of trade friction, the operating rate of the downstream tire market declined, the purchase intention of tire enterprises declined, the market demand for carbon black dropped; at the same time, the release of newly-added carbon black capacity further intensified the price competition of carbon black industry and the gross margin of carbon black had a year-on-year sharp fall. 



CONTACT US

Tel : 0086-21-5874 6988

Email:info@tyrefull.com

Fax:0086-21-6119 8647

Add : Rm611 NO 50 Yuzhou Commercial Plaza, Lane 9936, Hunan Road, Shanghai, China

SITE MAP

TBR TIRE

PCR TIRE





SUPPORT

Telephone
Feedback
E-MAIL
Address
Contact Us:
0086-2158746988
No content
Word 500(limit 500 Character)
Technical Support: jzabc | Admin Login