Chemical industry value analysis

1) Raw material supplier Upstream raw materials of chemical fiber mainly include PTA (refined terephthalic acid), MEG (ethylene glycol) required for the production of polyester and caprolactam required for the production of nylon.

2) The upstream equipment of chemical fiber mainly includes key process equipment such as polymerization, spinning, drawing, winding and post-processing, as well as equipment group accessories such as nozzles, spinnerets and winding. At present, China's chemical fiber equipment market shows the coexistence of local and international brands.

Middle reaches: The bargaining position of chemical fiber producers in the middle reaches is differentiated according to different product varieties, and producers of varieties with larger production scale (represented by polyester) and differentiated varieties have stronger bargaining power.

Downstream: The direct downstream of chemical fiber products for textile manufacturers, this link is in a weak bargaining position as a whole, mainly including warp knitting, knitting, wool spinning, industrial silk and other weaving industries.

Chemical fertilizer and pesticide

Upstream: China has scarce potash mineral resources, potash raw materials and products have been imported for a long time, and potash production enterprises are concentrated in Qinghai, Xinjiang, Sichuan and other potassium-rich areas.

Middle reaches: In the urea production process, the gas fluidized bed coal head process can choose anthracite, bituminous coal and lignite as raw materials, and the production cost is low and the environmental pressure is moderate.

Downstream fertilizer sales are highly dependent on offline channels, and the contribution rate of agricultural distribution stores to the sales of fertilizer products is as high as 90%, and the proportion of online channel sales is not more than 5%