Yonge International Inc. (Nasdaq: YONG) and Gulf Resources Inc. (Nasdaq: GFRE) are poised to report improving financials in the near-term.
Chinese chemical manufacturers are seeing an uptick in demand this year. China’s booming economy has led to surging industrial and agricultural activity, boosting the need for specialty chemicals. The Bedford Report examines the Chemical Manufacturing Industry and provides research reports on Yongye International, Inc. (NASDAQ: YONG) and Gulf Resources, Inc. (NASDAQ: GFRE). Access to the full company reports can be found at:
Companies in the Chemical Manufacturing Industry provide a wide range of products for use in a variety of applications. After the recession battered many companies in the sector, several firms are focusing on reducing their product portfolio and improving their financials.
Gulf Resources manufactures and trades bromine, crude salt and specialty chemical products for manufacturing industries and in agriculture in China. Bromine prices are on the upswing this year. China is currently the world’s third largest bromine producer after the United States and Israel. The production of bromine is presently over 150,000 metric tons/year in China, but bromine demand continues to outpace supply.
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Yongye International produces and markets two lines of organic nutrient products: a liquid nutrient product which is sprayed on plants and a powder nutrient product which is added to animal feed. Shares of Yongye have been on the upswing following Morgan Stanley’s Asian private equity arm’s $50 million investment in the chemical manufacturer.
“We believe this transaction will not only provide us with the financial resources to expand our operations to meet the growing demand for our Shengmingsu agricultural nutrient products but also will further enhance our corporate governance,” Yongye’s Chairman and CEO Zishen Wu said in a statement.
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