Detail of petrochemical industry revival plan is unveiled; most have been digested by the market.
PetroChina plans to acquire 45.5% equity of Singapore Petroleum.
On May 24, 2009, PetroChina announced to acquire 45.5% equity of Singapore Petroleum by cash.
Price of cotton pulp will continue surging; investors are suggested paying attention to manufactures of viscose staple fiber.
As far as we are concerned, price of viscose staple fiber in 2H2009 and 2010 will maintain above Rmb15000/ton, and is expected to continue the surge.