Qi Xiang Tengda said in an agency survey on August 25 that the Middle East conflict has accelerated the restructuring of the global chemical industry pattern, and that overseas traditional chemical production capacity continues to clear up due to factors such as high energy costs and stricter environmental protection policies. The company has taken this opportunity to speed up overseas market layout and successfully expand emerging markets such as Europe and South America with its Singaporean subsidiary as a fulcrum. The company's overseas trade sector achieved revenue of 7.295 billion yuan in the first half of the year, an increase of 69.39% over the previous year. Affected by the easing of the Middle East conflict in June, there was a short-term correction in chemical product prices. After the Middle East conflict escalated again in July, crude oil prices fluctuated upward and stabilized around $80. As downstream inventory is gradually consumed, customers' willingness to replenish goods increases, and the company's product prices are slowly transmitted to the downstream market. The third and fourth quarters are traditional peak seasons for the chemical industry. If crude oil prices remain at current levels, the immediate need for replenishment is expected to support chemical prices.

Qi Xiang Tengda said in an agency survey on August 25 that the Middle East conflict has accelerated the restructuring of the global chemical industry pattern, and that overseas traditional chemical production capacity continues to clear up due to factors such as high energy costs and stricter environmental protection policies. The company has taken this opportunity to speed up overseas market layout and successfully expand emerging markets such as Europe and South America with its Singaporean subsidiary as a fulcrum. The company's overseas trade sector achieved revenue of 7.295 billion yuan in the first half of the year, an increase of 69.39% over the previous year. Affected by the easing of the Middle East conflict in June, there was a short-term correction in chemical product prices. After the Middle East conflict escalated again in July, crude oil prices fluctuated upward and stabilized around $80. As downstream inventory is gradually consumed, customers' willingness to replenish goods increases, and the company's product prices are slowly transmitted to the downstream market. The third and fourth quarters are traditional peak seasons for the chemical industry. If crude oil prices remain at current levels, the immediate need for replenishment is expected to support chemical prices.