Question · Q2 2023
Kuni from Doral Capital Corporation asked for an update on the company's plans to export chemical products, the driving forces behind bromine's price volatility, the outlook for price stabilization, and the expected timeline and potential revenue from the natural gas joint venture.
Answer
Helen Xu, Director of Investor Relations, explained that the bromine price drop was caused by weakness in the real estate industry, a post-COVID demand shift, and reduced pharmaceutical exports. Xu stated that management believes bromine is a limited resource and expects its price to stabilize and rise slowly. Regarding the natural gas partnership with the government, she noted that there is no definitive timeline for approval due to the ongoing nature of the discussions.