Coal chemical business situation differentiation industry called for speeding up the urea futures market

Recently, listed companies Chitianhua announced yesterday, is expected 2016 loss of 300 million to 360 million yuan.

Notice that, in 2016 the company chemical business by the main raw materials (coal) the dual impact of rising costs and urea, methanol prices continued to slump, operating profit decreased significantly. At the same time, the company intends to make provision for impairment of gas head urea production device and its related assets involved.

In the industry view, Chitianhua 2016 substantial losses, mainly due to the production of urea on coal chemical industry segments reflect the operation situation of differentiation. It is understood that this year, the domestic coal market rose in price, in the raw materials rising coal prices, part of the downstream coal chemical industry performance is still brisk, many coal enterprises become a new profit growth point.