The dye price rises the concept stock price ratio whole is low

With the epidemic situation gradually stable, textile printing and dyeing industry gradually ushered in the resumption of production and work climax. The direct dispersion category increases by 300 yuan per ton;Active class, active dispersion class, sulfur black per ton up 500 yuan.In addition, 60# trillan market quotation soared, high trillan deviated from the market

The price of disperse dye intermediate jumped more than 150%

The price of 2-amino-4-acetaminophenyl methyl ether (2-amino-4-acetaminophenyl methyl ether), an important intermediate of disperse dyes, has increased from 40,000 / ton to more than 100,000 / ton, an increase of more than 150%. According to statistics, last week disperse black ect300% quote 30,000 yuan/ton, compared with the previous week up 1000 yuan/ton, up 3.5%, active black wnn200% quote 23,500 yuan/ton, compared with the previous week up 1000 yuan/ton, up 4.4%.

After the festival, the downstream printing and dyeing enterprises continued to return to work, and with the continuous progress of the resumption of work, the dye factory replenishment intention increased.But the logistics transportation is limited, some areas spot supply is relatively tight. At the same time, due to the delayed start of the impact of export dye orders backlog.At present, disperse dye manufacturers began to offer tentative upward. Cost push superposition demand release, disperse dye price is expected to continue to rise, intermediate production chain complete company is expected to benefit.

Dye price rise, will be an inevitable trend

Textile printing and dyeing industry, dye plate in the upstream, printing and dyeing enterprises in the downstream. In normal years, after the Spring Festival, with the start of the dye factory, upstream dye enterprises or dye dealers will always test the dye price adjustment, to see the market reaction. With the arrival of the spring peak season of printing and dyeing factories and the stocking season of dye dealers, the quantity of dye shipments is bound to be increased during this period.At the same time because of the north jiangsu environmental regulation production limit suspension, as well as the expected shipment, dye prices will be an inevitable trend.

In fact, due to the explosion of a chemical plant in yancheng, jiangsu province, the high-pressure environmental environment and the sluggish demand for textile and clothing in the downstream, the shipment volume of the dye industry was not active in 2019, and the unit price of the dye continued to fall from a high level, leading to a decline in the prosperity.At the end of last year, printing and dyeing factories were closed down and stopped production, and the dye price rose briefly, which brought some good news to the disperse dye industry.

Industry insiders said that at the end of each year, is the printing and dyeing factory purchase dye golden season.Disperse dye prices generally began to rise at the beginning of the year, the middle of the high fall, the end of the bottom and began to breed rebound.So it's clear that the combination of all of these factors could lead to a reversal in a fragmented sector that has seen a sharp downturn since the start of 2019.

Disperse dye concept stocks, p/e ratio is generally less than 30 times

It is reported that China is the world's largest dye producer, production capacity and demand are the world's first, the output of about 70% of the world.In A stock market, there have already been companies in the field of dye, intermediate, polyester fiber layout.

At present, there are 17 companies related to disperse dye business in the a-share market, with A total market value of 413.8 billion yuan.From the perspective of valuation, the rolling price/earnings ratio of disperse dye concept stocks is generally lower than 30 times, among which zhejiang longsheng (600352, stock bar), leap earth shares (002440, stock bar), jihua group (603980, stock bar) rolling price/earnings ratio is less than 10 times.Zhejiang longsheng's p/e ratio is the lowest, at 9.32 times.

From the secondary market performance, disperse dye concept stocks recent stock price trend is not outstanding, only 9 shares since February share price rise.Wanwei high-tech (600063, share bar), west China stock (000936, share bar), southeast grid frame shares (000936, share bar), southeast grid frame (002135, share bar), GCL (002015, share bar) and other stocks in the cumulative increase of more than 10%, the highest increase wanwei high-tech, the cumulative increase of 31.39%, the industry leader zhejiang longsheng only 3.14% during the period.

                                                                                                                                                           By Yangyang