On March/October, 2065438, the National Development and Reform Commission's Reply on the Master Plan of Jiangjunmiao Mining Area in Zhundong, Xinjiang (Development and Reform Energy [2065438+07] No.406) approved the master plan of Jiangjunmiao Mining Area in Zhundong Coalfield, Xinjiang Autonomous Region, with a planned construction scale of 1 55 million tons. In accordance with the overall planning and relevant state regulations, the company will actively promote the handling of mining rights procedures in Nanhuangcaohu Coal Mine.
Anyone who knows the policy knows that the power to examine and approve coal mining rights has been delegated to the provincial and autonomous regional levels. As the only listed company controlled by SASAC in Xinjiang, Zhongtai Chemical is responsible for the specific implementation of the strategy of transforming Xinjiang's superior resources. Such enterprises have to examine and approve mining rights, which can be done in minutes, and the National Development and Reform Commission has also approved it. But why put it off? I think the root cause is: lack of money.
From 20 18-2020, we know that the PVC industry is at a low ebb, and Sino-Thai Chemical has sized up the situation and thinks that this period is an excellent period for industrial concentration. On the one hand, the state no longer approves the new production capacity of PVC industry with high energy consumption, high pollution and high risk, and implements the strictest policy barriers and supervision in history. There is only one way for Zhongtai Chemical to become the leading hegemon in this industry: M&A to expand production capacity. On the other hand, the industry is at a low point, and the cost of M&A is the lowest, which also creates various objective favorable conditions for Sino-Thai Chemical to implement M&A.. Under such circumstances, mergers and acquisitions to expand production capacity have become the optimal decision of Zhongtai Chemical. Of course, the mining rights and construction of coal mines are secondary considerations. The coal mine is still there. Coal mines will always be in the hands of listed companies in China and Thailand, and they will never run away. It will be developed in a few years at most.
Therefore. Coal mining rights have not been approved for a long time. The subjective reason is that Zhongtai Chemical did not actively declare. The objective reason is actually the most critical and fundamental reason, that is, lack of money. On the one hand, Zhongtai Chemical needs to actively acquire and expand its production capacity and needs funds. On the other hand, the PVC industry is at a low point, and the profitability of Sino-Thai Chemical is affected, which also causes the shortage of funds for Sino-Thai Chemical. If we engage in coal mine development at this time, it will also be a tens of billions of projects. You say, how is this possible? Zhongtai Chemical certainly wants to develop, but the problem is that there is no capital to develop. Therefore, the issue of mining rights can only be delayed.
President Wang Hongxin's ambition is bigger than the sky. He loves everything, such as agriculture, textiles, trade and graphene. This man is also a genius. Doing everything is like doing anything, but trade needs a lot of money, plus he just started doing it and needs to accumulate experience. Therefore, the profit naturally fails to reach the expected level. In the end, he reluctantly gave up what he loved and left the palace in tears. Of course, this is also a very correct thing. If not, the main business of PVC will be more affected. At that time, the dream of becoming the overlord of PVC industry will really be shattered.
Since this year, the PVC industry has entered a golden period of development. During the harvest season, the semi-annual report can be expected. With nearly 5 billion profits, 3.8 billion private placement, 1 billion of Zhongtai Group and 5 billion of short-term financing, what will Zhongtai Chemical do with so much money at once? Naturally, it continues to expand. This time, I'm afraid it will be extended to coal mines.
The next three years will be the golden period of chemical development between China and Thailand. Profitability will get better and better in recent years. Therefore, in 2022-2023, the mining rights of 654.38+0.47 billion tons of coal mines will meet with you.
In the article "Petrochemical and alternative petrochemical, which do you choose? I wrote: My current view is very clear. Now commodity prices are rising, and so are oil prices. I am bearish on petrochemicals. Moreover, China has more coal and less oil. I think coal chemical industry is the road that China should choose. However, due to the strict management of carbon neutrality, coal chemical industry is strictly controlled at the peak of carbon dioxide emission, which is beneficial to the existing coal chemical industry and should be paid more attention to. As for the substitution of calcium carbide PVC for petrochemical coal chemical industry, we should see more.
If someone asks me what industries in China will produce great enterprises in the future, my answer is: coal chemical industry. If you want to add an attribute, that is: coal chemical industry instead of petrochemical industry. If you want to be more specific, it is the calcium carbide PVC industry. If I have to name names, it can only be: Sino-Thai Chemistry.
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