The rapid development of China's heavy chemical industry and export-oriented economy has led to an ever-increasing demand for petrochemical products. Competitive listed companies in the domestic oil and petrochemical industry should have higher P/E ratios than international oil companies. At present, China's economy is in a stage of rapid growth. The characteristics of economic heavy industrialization and export-oriented are obvious. The consumption structure represented by real estate and automobiles is constantly escalating. This situation will continue in 2007.
The macroeconomic conditions have determined that the overall economic demand for petrochemical products will grow at a rapid rate. The number of automobiles, motorcycles, and agricultural vehicles in the entire society continued to increase. Railways, waterways, civil aviation transportation, and capital construction, and oil for industrial and mining enterprises maintained rapid growth. The domestic refined oil market capacity will continue to increase; meanwhile, textiles, clothing, electrical appliances, plastics, and building materials Although the growth rate of such industries may decline, it will maintain the momentum of growth. The domestic demand for the three major synthetic materials and olefins and aromatics and their downstream derivatives will continue to increase.
The domestic petroleum and petrochemical industry will maintain a good momentum of development for a longer period of time in the future. The domestic oil and petrochemical enterprises have great potential for market expansion and business growth, and have relatively high growth. Competitive listed companies in the domestic oil and petrochemical industry should have higher P/E ratios than international oil companies.
This has brought considerable investment prospects for the oil and gas exploration industry. First, it is expected that crude oil prices will continue to operate at a high level in 2007. Second, several newly discovered large-scale gas fields in 2006 will be able to form part of their production capacity in 2007. Third, with the focus of domestic oil and gas exploration turning to the western and oceanic regions, there may be 2007 Larger geological discovery; Fourth, natural gas price adjustment at the end of 2006 or 2007 is almost a foregone conclusion.
Despite the overall excess refining capacity in the world, the international refinery gross profit in 2007 is expected to decline compared with 2006, but the refining gross profit of cracking refineries is still at a relatively high level. Most domestic refineries are cracking refineries, according to international standards. Should enjoy higher refining margins.
The most important reason for promising the oil refining industry is that the introduction of a new domestic refined oil pricing mechanism will guarantee the refining industry to obtain stable profits, and the refining industry will bid farewell to the loss in 2007. In other words, the most important reason for promising the oil refining industry is the poor profitability of the refining industry in 2006. Although the high point of the world petrochemical industry has passed and is in the midst of a downturn in the economy, ethylene gross profit is still at a relatively high level. Delays in the start-up of new projects in the Middle East have slowed the decline in the economy.
The reason for optimistic about the refined oil sales industry is that the deregulation of the refined oil wholesale market on December 11, 2006 and the expected introduction of a new refined oil pricing mechanism will ensure the normalization of the refined oil wholesale price gap. The oil outside the three major oil company systems The company will resume its competitiveness. Its position in the market will become increasingly important. Major oil companies at home and abroad will strive for private oil wholesale companies to distribute their refined oil products. Private gas stations will also become the target of joining international oil companies and joint ventures and mergers. And acquisition goals. Optimistic about the refined oil sales industry, it is mainly optimistic about the improvement of the operating environment of the oil companies outside the three major oil company systems and the opportunity for their assets to be traded.
In terms of strategic investment choices, due to its strong cyclical capacity, the industry can further develop with the development of China's economy. Sinopec's integration of upstream, midstream and downstream businesses has strong anti-risk capabilities and high growth. The industry in which COOEC is located enjoys high growth. With the focus of domestic oil and gas exploration turning to the sea, its business development will face a broader space.
In terms of transactional investment options, Shanghai Petrochemical, Yihua, Maoshihua, Shilianhua and Yuexingchang are all trading investment products. Investing in these companies is mainly to invest in opportunities to be privatized, sold or restructured. Among them, Yue Xingchang and Mao Shihua’s petrochemical assets were bought back by Sinopec, and the company is very likely to enter the share reform program and carry out major business transformation; Shiyanhua is likely to sell shells due to its small size; Petrochemical and instrumentalization may still be privatized.
The macroeconomic conditions have determined that the overall economic demand for petrochemical products will grow at a rapid rate. The number of automobiles, motorcycles, and agricultural vehicles in the entire society continued to increase. Railways, waterways, civil aviation transportation, and capital construction, and oil for industrial and mining enterprises maintained rapid growth. The domestic refined oil market capacity will continue to increase; meanwhile, textiles, clothing, electrical appliances, plastics, and building materials Although the growth rate of such industries may decline, it will maintain the momentum of growth. The domestic demand for the three major synthetic materials and olefins and aromatics and their downstream derivatives will continue to increase.
The domestic petroleum and petrochemical industry will maintain a good momentum of development for a longer period of time in the future. The domestic oil and petrochemical enterprises have great potential for market expansion and business growth, and have relatively high growth. Competitive listed companies in the domestic oil and petrochemical industry should have higher P/E ratios than international oil companies.
This has brought considerable investment prospects for the oil and gas exploration industry. First, it is expected that crude oil prices will continue to operate at a high level in 2007. Second, several newly discovered large-scale gas fields in 2006 will be able to form part of their production capacity in 2007. Third, with the focus of domestic oil and gas exploration turning to the western and oceanic regions, there may be 2007 Larger geological discovery; Fourth, natural gas price adjustment at the end of 2006 or 2007 is almost a foregone conclusion.
Despite the overall excess refining capacity in the world, the international refinery gross profit in 2007 is expected to decline compared with 2006, but the refining gross profit of cracking refineries is still at a relatively high level. Most domestic refineries are cracking refineries, according to international standards. Should enjoy higher refining margins.
The most important reason for promising the oil refining industry is that the introduction of a new domestic refined oil pricing mechanism will guarantee the refining industry to obtain stable profits, and the refining industry will bid farewell to the loss in 2007. In other words, the most important reason for promising the oil refining industry is the poor profitability of the refining industry in 2006. Although the high point of the world petrochemical industry has passed and is in the midst of a downturn in the economy, ethylene gross profit is still at a relatively high level. Delays in the start-up of new projects in the Middle East have slowed the decline in the economy.
The reason for optimistic about the refined oil sales industry is that the deregulation of the refined oil wholesale market on December 11, 2006 and the expected introduction of a new refined oil pricing mechanism will ensure the normalization of the refined oil wholesale price gap. The oil outside the three major oil company systems The company will resume its competitiveness. Its position in the market will become increasingly important. Major oil companies at home and abroad will strive for private oil wholesale companies to distribute their refined oil products. Private gas stations will also become the target of joining international oil companies and joint ventures and mergers. And acquisition goals. Optimistic about the refined oil sales industry, it is mainly optimistic about the improvement of the operating environment of the oil companies outside the three major oil company systems and the opportunity for their assets to be traded.
In terms of strategic investment choices, due to its strong cyclical capacity, the industry can further develop with the development of China's economy. Sinopec's integration of upstream, midstream and downstream businesses has strong anti-risk capabilities and high growth. The industry in which COOEC is located enjoys high growth. With the focus of domestic oil and gas exploration turning to the sea, its business development will face a broader space.
In terms of transactional investment options, Shanghai Petrochemical, Yihua, Maoshihua, Shilianhua and Yuexingchang are all trading investment products. Investing in these companies is mainly to invest in opportunities to be privatized, sold or restructured. Among them, Yue Xingchang and Mao Shihua’s petrochemical assets were bought back by Sinopec, and the company is very likely to enter the share reform program and carry out major business transformation; Shiyanhua is likely to sell shells due to its small size; Petrochemical and instrumentalization may still be privatized.
Forged O-lets
O-lets are also called branch outlet fittings, they are a kind of High Pressure Forged Fittings. There are Forged Weldolets, forged sockolets, forged threadolets. These fittings will connect run pipe by welding , for connecting branch or other pipes, there are 3 connection, butt weld, socket weld, and threaded. Generally speaking, the size of run pipe shall be larger than branch pipe. Materials of these fittings are the same as pipeline`s., including carbon steel, alloy steel and stainless steel. The executive standard is MSS SP-97,GB/T19326 etc.
The wall thickness of weldolet is STD, XS,SCH160 etc.
The pressure for sockolet and threadolet is 3000#, 6000#.
These forged fittings are widely used in the condition of high pressure, temperature or thick pipeline.
Threaded Forged Olets,Forged Weldolet,Forged Sockolet,Forged Threadolet
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