this year, always have a good look, economic recovery driven by the demand side of the industry boom is expected to maintain and improve. Northeast Securities believes that the chemical industry new material and cycle of next year can be expected to highlight and focus in the field of periodic segments of benefit to production capacity and low inventory, new material benefit from the dividend policy from 0 to 1, is expected to achieve rapid industrialization.

In 2016 the chemical industry as a whole has stabilized to pick up

2016 chemical industry (excluding petrochemical) revenue growth of approximately 6.7%, compared to 2012-2014 years in the doldrums, the chemical industry in recent years the overall performance of a certain situation has stabilized to pick up. Investment in fixed assets by chemical materials and chemical products manufacturing complete sales growth continued to decline, as the industry overcapacity capacity to provide the conditions at the same time, environmental inspectors strict superposition action this year, prompting some chemicals boom upward cycle.