China plastics industry into the era of 'high cost'

Since this year, crude oil prices lead to decline in gross margin, plastic industry has been reflected in the quarter. However, recent oil prices tumbled to industry relieved. The personage inside course of study thinks, because of the decline in gross margin requirements is stable, the plastic industry in the first half net profit year-on-year growth is slowing. At the same time, China's plastics industry under the circumstances of oil and gas prices continue rising has entered the 'high cost era, plastic enterprise will face many difficulties. In the first quarter of this year, plastic industry in the total net profit of listed companies. 2. 500 million yuan, compared with only 53. 4 million yuan a year earlier. As of June 9, 18 companies have 10 in plastic industry in the first half of the preliminary results released by the company, including 1 turnround, four slightly increased. Buddha shares turnround is expected, in the first half net profit of 50 million yuan, 55 million yuan; The pearl of cangzhou is expected to increase more than 30%; Typically star is expected to increase 30% 50%; Southeast is expected to rise less than 50%; Splitter is expected to increase at about 30%.