Shenwan Hongyuan Chemical team reiterates a bullish call on China's dye industry, citing low inventory, rising downstream operating rates, and sharp price increases for key intermediates (reduction agent, H-acid). They expect Q3 earnings growth of over 50% quarter-on-quarter for leading dye producers.
Shenwan Hongyuan is bullish on China's dye sector, expecting a major upcycle driven by intermediate supply tightness and price hikes, with leading companies poised for strong earnings growth.
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