According to the paint procurement network, since 2020, affected by the epidemic situation, the development of many chemical enterprises in the first half of the year has been greatly affected. For many enterprises, they will either go against the trend or fall down to accept the reshuffle of the industry. However, according to the understanding of paint procurement network, from the development of the past two months, both paint enterprises and raw material enterprises are very optimistic, in view of the current situation of the epidemic development, timely strategic adjustment.
According to the relevant person in charge of Yantai Fenglin new materials Co., Ltd. (hereinafter referred to as "Yantai Fenglin"), a sudden epidemic disrupted the production plan of Yantai Fenglin. Under the leadership of the leaders of Yantai Fenglin, scientific prevention and control were carried out to unite to fight against the virus. We will try our best to overcome the adverse effects of delayed start-up of downstream enterprises, insufficient production personnel, and blocked transportation. We will focus on the policy of "fighting against epidemic situation, focusing on production, ensuring supply, and expanding market". On the basis of doing well in epidemic prevention and control, we will try our best to ensure normal production and operation. In the first quarter, the export of Fenglin in Yantai achieved a counter trend growth, which effectively alleviated the negative impact of the lag of domestic demand recovery after the year, and injected confidence and strength into the completion of the annual target task of Fenglin in Yantai.
The global epidemic situation is becoming more and more serious. Fenglin in Yantai did not shrink back, but showed the strength and responsibility of a resin enterprise. Fenglin actively raised masks and other epidemic prevention materials, donated masks to more than 10 partners around the world, shared experiences and supported epidemic prevention and control while strictly preventing and controlling the epidemic situation, ensuring the health and safety of employees. In his reply, the customer expressed his gratitude for Fenglin's care and support, as well as his confidence and determination to work together to overcome the epidemic.
From the current situation of global epidemic development, the global epidemic will not end in a short time, which will have a serious impact on the second quarter of Yantai Fenglin's export volume. Therefore, in view of the recent situation of global economic development, Fenglin in Yantai timely adjusted its market strategy, embraced the new situation, and constantly explored and expanded its domestic market while striving for and maintaining the international market.
In terms of future demand, China will take the lead in recovery ahead of foreign countries. Yantai Fenglin foreign trade orders to do a good job of the appropriate adjustment, development of the demand in the less epidemic areas, order areas to appropriate transfer. We are actively exploring domestic demand market. With the improvement of domestic epidemic prevention and control situation, domestic demand continues to recover. It is expected that the domestic economic recovery will accelerate after the second quarter.
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