This Essence Securities Co analyst report published on 28 August 2014 on Shenzhen-listed Shandong Yanggu Huatai points to rising prices for rubber accelerators.
Reason: govt. officials clamping down on pollutive factories ahead of APEC meeting.
China Sunsine is unaffected as it has integrated water-treatmment infrastructure with its production assets. China Sunsine share price closed at a high of 33.5 cents today!
I can only agree that Sunsine is doing the right business in the right place.
For a long time, Sunsine was at a disadvantage when some rivals bought cheap MBT (the feedstock for the bulk of rubber accelerators) from small factories that did not treat waste properly.
The playing field has been levelled only recently when Government suspended MBT factories that pollutd the environment. Sunsine and those who have been producing MBT in-house using clean processes are now capturing larger accelerator market share when the rest have to cut back production as there is not enough MBT in the market for them to buy.
The stock keeps hitting higher prices, but that's not the only sign investors are finally shaking off their caution over this counter. I hear that several brokerages like CIMB are sending their analysts to check out the company next week (or the week after).
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