On April 19, the main contract of Brent crude broke through 74 US dollars/barrel in intraday, refreshing a new high since the end of November 2014. Further statistics found that since April 18 this year, the cumulative increase in the main contract of Brent crude oil has reached 10.94. %.

In response, Guosen Securities stated that since the second half of last year, due to a number of factors such as the continued production cut by OPEC, the continuous production of refining capacity in the Asia Pacific region, and the weaker US dollar index, the crude oil price center has continued to rise. In the medium term, with the stable crude oil price center at a high level, products that are directly related to crude oil, such as xylene, polyester, ethylene, and acrylic acid, are expected to be thickened.

In fact, the upward trend in oil prices has been reflected in the 2017 performance of petroleum and petrochemical listed companies. As of yesterday, 26 related companies had disclosed the 2017 annual report, and the annual profits of 18 companies had increased year-on-year, accounting for nearly 70% of the total. Among them, Haiyue shares (241.25%), Guanghui Energy (218.77%) and satellite petrochemicals ( 202.49%), PetroChina (188.52%) and Tianke (117.19%), etc. The annual net profits of five companies increased by more than 100% year-on-year, Qixiang Tengda (69.10%), Tongkun (55.52%), and Hengli (45.73%), China Ding (28.81%) and Hailid (22.99%) companies reported annual net profit growth of over 20% year-on-year. In addition, the net profits of the two companies in the annual report of COSL and Daoshen have turned losses.

Of the 18 companies whose annual report results achieved growth, 16 stocks have been given a rating of “Buy” or “Overweight” within the last 30 days, among which Sinopec (15) and Tongkun (15) Three stocks such as Home) and Rongsheng Petrochemical (13) were focused on by the institutions. In the past 30 days, the number of optimistic ratings given by the agencies exceeded 10, and Hailid (8), Hengli (7), Shares of Shanghai Petrochemical (6 companies), Qixiang Tengda (5 companies), Satellite Petrochemical (5 companies), Huajin shares (3 companies), and China Oilfield Services (3 companies) were also rated by institutions in the past 30 days. At 3 or more

Among the stocks listed by the above institutions, Tongkun and China Oilfield Services both had the highest market performance yesterday, and the gains reached 5% and above, respectively 5.74% and 5.00%. For the Tongkun Group, which has the highest number of ratings and outstanding market performance, Zheshang Securities said: As of the end of 2017, the company had a production capacity of 4.6 million tons/year of polyester filament, and the company plans to build 2 million tons/year from 2018 to 2019/ The annual production capacity of polyester filaments will contribute to the further consolidation of the company’s leading position in the industry. In addition, the company participates in a 20% equity stake in Zhejiang Petrochemical. With the gradual commencement of production of the Zhejiang Petrochemical project, the company will realize the entire industrial chain layout of “Refining-PX-PTA-Polyester Filament”, which will help improve the overall profitability of the company. In addition, CSC also said: first quarter results are expected to increase from 50.23 to 61.74%, the second quarter is the company’s polyester filament products sales season, second-quarter results worth the wait, the whole, the company expects 2018 – 2019 The net profit attributable to the parent company was respectively 2.301 billion yuan and 3.671 billion yuan, and the “buy” rating was maintained.

As for the later trend of crude oil prices and the leading stocks that benefited from the rise in oil prices, China Merchants Securities said: In view of comprehensive demand, supply, and the international environment, crude oil prices tend to rise and fall, and it is recommended to pay attention to the elasticity of oil prices from the four main lines: 1. Performance, Flexible and privately-owned large-scale privately-owned refining and refining targets; 2. Highly-stocked, profitable refineries, such as Shanghai Petrochemical and Huajin, etc.; 3. Oil and gas assets, directly benefiting from the rising price of oil Such as Zhongtian Energy, Trendy Energy, Intercontinental Oil and Gas, etc.; 4. Downstream subdivision industry leader, such as Donghua Energy, satellite petrochemical (acrylic acid) and so on.