rongsheng petrochemical company limited pricelist

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Rongsheng Petro Chemical Co, Ltd. specialises in the production and marketing of petrochemical and chemical fibres. Products include PTA yarns, fully drawn polyester yarns (FDY), pre-oriented polyester yarns (POY), polyester textured drawn yarns (DTY), polyester filaments and polyethylene terephthalate (PET) slivers.

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A broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) (CRD: 298769/SEC: 8-70215), a member in good standing of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), as well as a member of Depository Trust Company (DTC), a member of National Securities Clearing Corporation (NSCC) and the Options Clearing Corporation (OCC).

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Downstream demand remains sluggish and shows no signs of improvement, with most players not confident of the September demand outlook. Downstream Polyethylene Terephthalate (PET), Purified Terephthalic Acid (PTA), and Polyester producers mostly kept low run rates, with Hengli Petrochemical, Oriental Petrochemical at Shanghai, Ineos Group and Yisheng Petrochemical closing their Purified Terephthalic Acid (PTA) units for maintenance in the first week of August.

In contrast, China"s Shanghai Petrochemical restarted its 600,000 MT/year Paraxylene unit on 7th august. The Paraxylene plant was shut after a fire broke out at the Mono-Ethylene Glycol unit on 18th June. In addition, a subsidiary of Rongsheng Petrochemical Co. Ltd., Ningbo Zhongjin, has also restarted its 1.6 million MT/year Paraxylene plant in Ningbo from maintenance during the week. Therefore, the return of Shanghai Petrochemical and Ningbo Zhongjin Paraxylene plants is expected to improve supply in the domestic and international markets.

Standard beta is co-called levered, which means that it reflects the capital structure of the company (including the financial risk linked to the debt level). Unlevered beta (or ungeared beta) compares the risk of an unlevered company (i.e. with no debt in the capital structure) to the risk of the market. Unlevered beta is useful when comparing companies with different capital structures as it focuses on the equity risk. Unlevered beta is generally lower than the levered beta. However, unlevered beta could be higher than levered beta when the net debt is negative (meaning that the company has more cash than debt).

The calculation divides the covariance of the stock return with the market return by the variance of the market return. Beta is used very often for company valuation using the Discounted Cash Flows (DCF) method. The discount rate is calculated using the Weighted Average Cost of Capital (WACC). The WACC is essentially a blend of the cost of equity and the after-tax cost of debt. The cost of equity is usually calculated using the capital asset pricing model (CAPM), which defines the cost of equity as follows: re = rf + β × (rm - rf)