Japan's local raw materials and drugs are damaged in China or benefit
Release time: 2011-04-01 & nbsp & nbsp & nbsp Source:
Business Club, March 30. The impact of the Japanese earthquake on the global industrial chain is gradually appearing，It has begun to show in the pharmaceutical and raw material industry。
March 24，International Pharmaceutical Giant Dutch Disman (DSM) announced，The company increases the price of vitamin products globally，Vitamin B2 and B6 of all new business 15%，Vitamin A of all new signing orders、Vitamin E and Calcium Panite Price 10%。Affected by this，Domestic vitamin sector pharmaceutical companies rose on Friday。Xinfu Pharmaceutical rose more than 6%，The increase in Guangji Pharmaceutical and Xinhecheng also exceeded 5%。
The reason for the price increase given by the company is，Recent rising raw material prices，Factors such as inflation and exchange rate changes My stake betting apphave My stake betting appprompted the company to decide to adjust the price。
early March，Disman has already had a price increase。"This price increase is estimated to be affected by the Japanese earthquake，Vitamin key intermediate (tailphenol) out stock impact。"A senior executive of a pharmaceutical company in Zhejiang told reporters。
Vitamin Change?
"It may be the beginning of the price increase cycle。The post -disaster reconstruction of the Japanese earthquake，Corresponding chemical enterprises need to re-production 2-3 months，During this period，Supply of some vitamin intermediates will be very nervous，Enterprises will have the motivation to continue price increase。Demand in downstream demand rigidity，Demand at the same time is growing steadily，It is expected that the price increase of vitamins will last for a period of time。"Wang Ye pointed out。
The Japanese earthquake caused the state chemistry and KURARAY to be damaged and discontinued，Related oil refining enterprises related to raw materials for them also fire due to earthquakes，Insufficient power supply，Electricity price rises，General expectations of the industry，Benzhou Chemistry cannot reply to production in the short term。
Benzhou Chemistry is one of the source of procurement of Victoria E production enterprises，Among them, about half of Disman's tolinol purchased from the company，There are also some companies in the country purchased a part of the company。
Domestic enterprises Zhejiang Pharmaceuticals are engaged in intermediate production，Another part from Germany procurement; 2 new synthesis of two production lines，Stake Sports Bettingstake betting appOne of the vitamin E synthetic routes does not require toloenol intermediates at all。Zhejiang Medicine、New synthesis，Two companies account for 40%of the world output，Disman、BASF has mastered another 60%monopoly share。
Shanghai One Medical Researcher estimates，After the price of Di Siman is lifted，Domestic companies will follow。
2010，Vitamin E market is priced at minimum 110 yuan per kilogram，The highest is close to 140 yuan。The average annual price is around 120 yuan，Take Zhejiang Medicine as an example，This business contributes more than 90%of the profit to the company，Economic Researcher Calculation，Only consider Vitamin E，Products to raise prices per kilogram of price 1 yuan，Company's net profit increased by 0.035 yuan。
Most analysts predict that Zhejiang Pharmaceutical's 2010 income is around 3 yuan，But as of the closing of March 28，Its stock price is more than 36 yuan，Static P / E ratio 12 times，In the middle and long -term in A shares, it belongs to a lower level。
That is to say，The balance of the four major oligarchs of Vitamin E will be broken to a certain extent。Some pharmaceutical researchers told reporters，"Disman is due to the shortage of the intermediate body，It is possible to significantly reduce production E。”
Peinan drug prospects are optimistic
Peinan category antibiotics，Cobe with people familiar with people、Shaxing、Sulfa and other antibiotics is the same concept。In recent years，Due to abuse of ordinary antibiotics，Anti -drug。The effectiveness of the antibiotics of Peinan is gradually prominent，Data display in 2010，The My stake betting appstake sports betting appincrease in the growth of Peinan antibiotics in the domestic market is above 50%。
And as the raw medicine of Peinan antibiotics 4-AA，The earliest development of Japan was successful，Before 2007，Only Japan has 4-AA capabilities in the world，Imported products are high，Generally at about $ 600/kg。After 2007，Haixiang and other Chinese companies have gradually mastered the core production process technology，greatly reduced the cost of 4-AA，Gradually seize the market share of Japanese companies。
Before shock，Japan is still the largest exporter of 4-AA in the international market，High -Sand Chemistry、300 tons of production capacity such as Zhong Yuan Chemistry and Cao Da Chemistry。Changjiang Securities thinks，After the strong earthquake and nuclear leak，Japan 4-AA intermediate export may be seriously affected，It will severely exacerbate the situation of the shortage of the intermediate market。
Before the Japanese strong earthquake，4-AA market is already very selling，Source tension。At present, there are more than a dozen major domestic 4-AA producers，Large scale is Haixiang Pharmaceutical、Huahai Pharmaceutical、Beach Finerous Pharmaceutical、Zhejiang Haizheng Pharmaceutical, etc.，4-AA now quote at about 1300 yuan/kg，and the supply is very tight。
"(4-AA) is expected to increase the price as a high probability event。"Changjiang Securities Medical Analyst Qiao Yang pointed out in the research report。Haixiang Pharmaceutical has about 300 tons/year production capacity，Still in short supply。Non -public development projects reached stake online sports bettingstake sports betting appafter delivery，The company will have 400 tons of production capacity，Further consolidate the leading position of the industry。”
2010，my country exports a total of 4-AA intermediates about 103 tons，Haixiang Pharmaceutical export share is about 95%，Absolute advantage。So，If the 4-AA intermediate increases the price due to the Japanese earthquake，Haixiang Pharmaceutical is the most beneficial。
At present, the US patent expires with key Peinan products，Industry judgment of the Pionan class market demand will soon expand to 2,000 tons，At present, global production capacity is 800 tons，This is the raw and drug company that is still in the stage of pursuit，Is a long -term benefit。(Author: Yan Yan)
March 24，International Pharmaceutical Giant Dutch Disman (DSM) announced，The company increases the price of vitamin products globally，Vitamin B2 and B6 of all new business 15%，Vitamin A of all new signing orders、Vitamin E and Calcium Panite Price 10%。Affected by this，Domestic vitamin sector pharmaceutical companies rose on Friday。Xinfu Pharmaceutical rose more than 6%，The increase in Guangji Pharmaceutical and Xinhecheng also exceeded 5%。
The reason for the price increase given by the company is，Recent rising raw material prices，Factors such as inflation and exchange rate changes My stake betting apphave My stake betting appprompted the company to decide to adjust the price。
early March，Disman has already had a price increase。"This price increase is estimated to be affected by the Japanese earthquake，Vitamin key intermediate (tailphenol) out stock impact。"A senior executive of a pharmaceutical company in Zhejiang told reporters。
Vitamin Change?
"It may be the beginning of the price increase cycle。The post -disaster reconstruction of the Japanese earthquake，Corresponding chemical enterprises need to re-production 2-3 months，During this period，Supply of some vitamin intermediates will be very nervous，Enterprises will have the motivation to continue price increase。Demand in downstream demand rigidity，Demand at the same time is growing steadily，It is expected that the price increase of vitamins will last for a period of time。"Wang Ye pointed out。
The Japanese earthquake caused the state chemistry and KURARAY to be damaged and discontinued，Related oil refining enterprises related to raw materials for them also fire due to earthquakes，Insufficient power supply，Electricity price rises，General expectations of the industry，Benzhou Chemistry cannot reply to production in the short term。
Benzhou Chemistry is one of the source of procurement of Victoria E production enterprises，Among them, about half of Disman's tolinol purchased from the company，There are also some companies in the country purchased a part of the company。
Domestic enterprises Zhejiang Pharmaceuticals are engaged in intermediate production，Another part from Germany procurement; 2 new synthesis of two production lines，Stake Sports Bettingstake betting appOne of the vitamin E synthetic routes does not require toloenol intermediates at all。Zhejiang Medicine、New synthesis，Two companies account for 40%of the world output，Disman、BASF has mastered another 60%monopoly share。
Shanghai One Medical Researcher estimates，After the price of Di Siman is lifted，Domestic companies will follow。
2010，Vitamin E market is priced at minimum 110 yuan per kilogram，The highest is close to 140 yuan。The average annual price is around 120 yuan，Take Zhejiang Medicine as an example，This business contributes more than 90%of the profit to the company，Economic Researcher Calculation，Only consider Vitamin E，Products to raise prices per kilogram of price 1 yuan，Company's net profit increased by 0.035 yuan。
Most analysts predict that Zhejiang Pharmaceutical's 2010 income is around 3 yuan，But as of the closing of March 28，Its stock price is more than 36 yuan，Static P / E ratio 12 times，In the middle and long -term in A shares, it belongs to a lower level。
That is to say，The balance of the four major oligarchs of Vitamin E will be broken to a certain extent。Some pharmaceutical researchers told reporters，"Disman is due to the shortage of the intermediate body，It is possible to significantly reduce production E。”
Peinan drug prospects are optimistic
Peinan category antibiotics，Cobe with people familiar with people、Shaxing、Sulfa and other antibiotics is the same concept。In recent years，Due to abuse of ordinary antibiotics，Anti -drug。The effectiveness of the antibiotics of Peinan is gradually prominent，Data display in 2010，The My stake betting appstake sports betting appincrease in the growth of Peinan antibiotics in the domestic market is above 50%。
And as the raw medicine of Peinan antibiotics 4-AA，The earliest development of Japan was successful，Before 2007，Only Japan has 4-AA capabilities in the world，Imported products are high，Generally at about $ 600/kg。After 2007，Haixiang and other Chinese companies have gradually mastered the core production process technology，greatly reduced the cost of 4-AA，Gradually seize the market share of Japanese companies。
Before shock，Japan is still the largest exporter of 4-AA in the international market，High -Sand Chemistry、300 tons of production capacity such as Zhong Yuan Chemistry and Cao Da Chemistry。Changjiang Securities thinks，After the strong earthquake and nuclear leak，Japan 4-AA intermediate export may be seriously affected，It will severely exacerbate the situation of the shortage of the intermediate market。
Before the Japanese strong earthquake，4-AA market is already very selling，Source tension。At present, there are more than a dozen major domestic 4-AA producers，Large scale is Haixiang Pharmaceutical、Huahai Pharmaceutical、Beach Finerous Pharmaceutical、Zhejiang Haizheng Pharmaceutical, etc.，4-AA now quote at about 1300 yuan/kg，and the supply is very tight。
"(4-AA) is expected to increase the price as a high probability event。"Changjiang Securities Medical Analyst Qiao Yang pointed out in the research report。Haixiang Pharmaceutical has about 300 tons/year production capacity，Still in short supply。Non -public development projects reached stake online sports bettingstake sports betting appafter delivery，The company will have 400 tons of production capacity，Further consolidate the leading position of the industry。”
2010，my country exports a total of 4-AA intermediates about 103 tons，Haixiang Pharmaceutical export share is about 95%，Absolute advantage。So，If the 4-AA intermediate increases the price due to the Japanese earthquake，Haixiang Pharmaceutical is the most beneficial。
At present, the US patent expires with key Peinan products，Industry judgment of the Pionan class market demand will soon expand to 2,000 tons，At present, global production capacity is 800 tons，This is the raw and drug company that is still in the stage of pursuit，Is a long -term benefit。(Author: Yan Yan)
