Summary
[Zhongtai Co., Ltd.: The price increase of natural gas and bulk materials will have less impact on the company if the company can follow the price to the downstream in time]Zhongtai Co., Ltd. said that the company’s gas purchases mainly come from PetroChina Sinopec, and do not directly purchase Russian natural gas. If the cost of natural gas continues to rise, the company may appropriately increase the sales price after applying to the local price bureau for negotiation. The price increase of natural gas and bulk materials will have less impact on the company if the company can follow the price to the downstream in a timely manner. If the price cannot be smoothly adjusted, the company’s current profits will be under pressure.
Zhongtai Co., Ltd.said that the companygasProcurement mainly comes fromPetroChinaSinopec does not directly purchase Russian natural gas. If the cost of natural gas continues to rise, the company may appropriately increase the sales price after applying to the local price bureau for negotiation. The price increase of natural gas and bulk materials will have less impact on the company if the company can follow the price to the downstream in a timely manner. If the price cannot be smoothly adjusted, the company’s current profits will be under pressure.
(Article Source:securitiesTimes e company)