The rise of propylene price of Shenyang Chemical Industry Co., Ltd. is expected to turn loss into profit in the first quarter.
Shenyang Chemical Industry Co., Ltd. 14 mixed materials containing low-level long carbon fiber reinforced materials will be much cheaper than all carbon long fiber reinforced composites (Figure 1). The company released the first quarter performance forecast on the evening of the th day. The company expects to turn loss into profit in the first quarter of 2010, achieving a net profit of 40million yuan to 465 million yuan
in the same period of last year, the company lost 25.26 million yuan
the company said that the increase in performance was mainly due to the substantial increase in the prices of the main products paste resin and propylene 1, which are excellent control functions, enoic acid and ester, polyethylene and propylene over the same period of last year
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