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<Research>UBS: CN Firms Could Capitalize on Petrochemical Downstream Product Supply Chain Disruption
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The closure of the Strait of Hormuz affects energy supply, and China, as the largest exporter of petrochemical products, could be a beneficiary if international peers face disruptions in the supply chain of downstream petrochemical products, UBS's research report said. If the blockade of the Strait of Hormuz persists, UBS believes that the risk of supply chain disruptions for petrochemical products, widely used in automotive and parts, consumer goods manufacturing, and agriculture, will escalate. Should the blockade continue, UBS analysts expect industries, including engineering machinery and machine tools/ precision transmission equipment, to face shortages of key components and raw materials. Incidentally, India, South Korea, and ASEAN have the largest exposure to Chinese petrochemical product exports. UBS has identified potential opportunities for companies like HAIER SMARTHOME (06690.HK), FUYAO GLASS (03606.HK), SINOTRUK (03808.HK), and PHARMARON (03759.HK) in gaining global market share. AAStocks Financial News |
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