Dependence on Demand from China and Other Asian Countries
First written in FY2016. 11 of 28 entries say "Restated". Latest entry: FY2024.
ENEOS Holdings moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2017: 3 of 10 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2024Recovery in Asian petrochemical demandAnnual report
「Demand for petrochemical products in Asia, led by China, grew steadily and remained above the level of the previous consolidated fiscal year.」
Demand for petrochemical products in Asia, led by China, recovered from the concerns seen in the previous fiscal year and rose above the previous year's level. However, the underlying dependence on demand remains unchanged. - FY2024-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period (1 April 2023 to 30 September 2023), the pace of the global economic recovery slowed amid concerns about an economic slowdown resulting from monetary tightening in various countries and delays in China's economic recovery.」
Against a backdrop of delays in China's economic recovery and monetary tightening in various countries, the pace of the global economic recovery related to Asian demand continues to slow. - FY2024-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period (1 April 2023 to 30 June 2023), the pace of the global economic recovery slowed amid monetary tightening in the United States and Europe against a backdrop of global inflation and delays in the economic recovery following China's easing of its zero-COVID policy.」
The economic recovery remained delayed even after China eased its zero-COVID policy, and, together with monetary tightening in the United States and Europe, this was cited as a factor slowing the pace of the global economic recovery. Concerns about demand conditions in China and other Asian countries continue. - FY2023Recovery in demand after China's abandonment of its zero-COVID policyAnnual report
「Prices turned upward on China's abandonment of its zero-COVID policy and expectations that the pace of US interest-rate hikes would slow, and remained generally above 400 cents from January onward.」
Demand and pricing conditions for copper recovered following China's abandonment of the policy, but the underlying dependence on demand in China and other Asian countries remains unchanged. - FY2023-Q3Concerns about downside risk recede with China's easing of zero-COVID measures, but the recovery slowsAnnual report
「Recently, concerns about downside risk have been receding as China eases its zero-COVID policy, but overall, the pace of the global economic recovery has slowed amid the impact of restrictions on economic activity in China and monetary tightening in the United States and Europe against a backdrop of global inflation.」
While China's policy easing has reduced concerns about downside risk, the pace of the global economic recovery continues to slow against a backdrop of restrictions on economic activity in China and monetary tightening in the United States and Europe. - FY2023-Q2WorsenedAnnual report
「During the second quarter of the current consolidated cumulative period (1 April 2022 to 30 September 2022), the pace of the global economic recovery slowed amid the impact of restrictions on economic activity in China and monetary tightening in the United States and Europe against a backdrop of global inflation.」
In addition to restrictions on economic activity in China, global inflation and monetary tightening in the United States and Europe slowed the pace of the global economic recovery. Market conditions for paraxylene and benzene also deteriorated due to the impact of lockdowns in China on petrochemical products. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period (1 April 2022 to 30 June 2022), the pace of the global economic recovery slowed amid the impact of restrictions on economic activity in China and monetary tightening in the United States and Europe against a backdrop of global inflation.」
In addition to restrictions on economic activity in China, global inflation and monetary tightening in the United States and Europe slowed the pace of the global economic recovery related to Asian demand. - FY2022RestatedAnnual report
「Sales of petrochemical products depend heavily on demand in Asian countries, and fluctuations in demand in these regions have a significant impact on demand for the Group's products.」
Dependence on fluctuations in demand in Asia, particularly China, continues to be identified as a demand risk. - FY2022-Q3RestatedAnnual report
「Prices subsequently declined temporarily due to concerns about economic conditions in China, but remained firm overall.」
After copper prices rose on expectations of stronger Chinese copper demand, they temporarily declined amid concerns about economic conditions in China. The continued dependence on demand conditions in China and other Asian countries remains evident. - FY2022-Q2WorsenedAnnual report
「Prices subsequently declined on measures to restrain prices, including the release of China's state reserves, as well as concerns about economic conditions in China.」
After copper prices reached a record high of 486 cents in May on expectations of stronger Chinese copper demand, they declined on the release of China's state reserves and concerns about economic conditions, and market risks related to Chinese demand strengthened again. - FY2022-Q1Expectations for Chinese copper demand growth and higher copper pricesAnnual report
「Copper prices reached a new record high in May for the first time in 10 years, at 486 cents, driven by expectations of an economic recovery resulting from economic measures adopted by various countries and of stronger Chinese demand for copper.」
Expectations for growth in Chinese copper demand were identified as a factor behind rising copper prices, while conditions related to dependence on Asian demand partially recovered from the deterioration in demand seen in the previous fiscal year. - FY2021RestatedAnnual report
「Sales of petrochemical products depend heavily on demand in Asian countries, and fluctuations in demand in these regions have a significant impact on demand for the Group's products.」
Dependence on demand in China and other Asian countries is explicitly identified among the demand fluctuation risks. - FY2021-Q3RestatedAnnual report
「Copper prices rose as copper cathode demand in China subsequently showed signs of recovery and concerns over supply from South American copper mines intensified due to the impact of COVID-19.」
The recovery in Chinese demand for refined copper continues to be cited as a factor behind rising copper prices. The underlying dependence on demand conditions in China and other Asian countries remains unchanged. - FY2021-Q1Signs of a recovery in Chinese copper demandAnnual report
「Copper prices subsequently turned upward as copper cathode demand in China showed signs of recovery and concerns over supply from South American copper mines intensified due to the spread of COVID-19.」
Copper cathode demand in China showed signs of recovery, and conditions related to dependence on demand partially improved, while the deterioration in global demand caused by COVID-19 and concerns over supply from South America were also noted. - FY2020WorsenedAnnual report
「During the fiscal year, the global economy slowed overall as China decelerated due to the effects of U.S.-China trade friction and Europe lacked strength, despite the firm U.S. economy, and deteriorated sharply toward the end of the fiscal year as the spread of COVID-19 accelerated.」
In addition to the slowdown in the Chinese economy, the global economy deteriorated sharply due to the spread of COVID-19, making the external environment related to Asian demand even more challenging. - FY2020-Q3RestatedAnnual report
「The international copper price, based on the LME (London Metal Exchange) price, remained weak due to developments in U.S.-China trade talks and concerns over a slowdown in the Chinese economy.」
U.S.-China trade talks and concerns over a slowdown in the Chinese economy continue to affect the business environment, as reflected in the copper price's weak performance. - FY2020-Q2RestatedAnnual report
「During the six-month period of the second quarter of the fiscal year (1 April 2019 to 30 September 2019), the global economy remained resilient, supported by solid consumer spending underpinned by stable employment and income conditions in the United States and Europe, despite the apparent economic slowdown caused by escalating trade friction between the United States and China and the disruption surrounding the United Kingdom's withdrawal from the EU.」
The increasingly apparent economic slowdown caused by U.S.-China trade friction continues to be described, and concerns related to the demand environment in China and other Asian countries persist. - FY2020-Q1WorsenedAnnual report
「Although business activity showed signs of weakness due to the increasingly apparent economic slowdown caused by escalating trade friction between the United States and China and the disruption caused by the prolonged issue surrounding the United Kingdom's withdrawal from the EU,」
The economic slowdown caused by U.S.-China trade friction was described as having become apparent, and concerns related to the demand environment in China and other Asian countries have continued and become more concrete. - FY2019WorsenedAnnual report
「During the fiscal year, the global economy continued to grow moderately, supported by the strong U.S. economy, although China slowed due to the effects of U.S.-China trade friction and Europe also weakened.」
The slowdown in the Chinese economy was explicitly cited in the fiscal-year results, giving concrete form to concerns over the Asian demand environment arising from U.S.-China trade friction and other factors. - FY2019-Q3WorsenedAnnual report
「During the nine-month period of the third quarter of the fiscal year (1 April 2018 to 31 December 2018), concerns over an economic slowdown due to escalating trade friction between the United States and China and other factors became increasingly apparent. However, the global economy maintained a gradual recovery overall, supported by the strong U.S. economy amid tax cuts, improved employment conditions and other factors.」
Concerns over an economic slowdown due to U.S.-China trade friction were described as becoming increasingly apparent, heightening concerns over the external environment related to Asian demand. The copper price also fell to 271 cents at the end of the period. - FY2019-Q1Concerns over an economic slowdown due to trade friction and resilience in the Asian economyAnnual report
「Although concerns existed over an economic slowdown due to the escalating trade friction between the United States and China, the global economy remained generally firm as employment and income conditions stabilized in the United States, the EU and Asia.」
Concerns over an economic slowdown caused by U.S.-China trade friction were identified as part of the external environment affecting dependence on demand in Asia, including China, while the Asian economy remained firm. - FY2018Firm Chinese economy and expectations for higher demandAnnual report
「The price rose partly because China's economy, as the world's largest copper-consuming economy, remained firm and demand was expected to increase with the future adoption of electric vehicles (EVs),」
Against the backdrop of the firm Chinese economy, conditions gave rise to expectations for higher copper demand, but the structure of dependence on demand in China and other Asian countries for product sales remained unchanged. - FY2018-Q3Expectations for a recovery in the Chinese economy and higher demandAnnual report
「The international copper price, based on the LME (London Metal Exchange) price, fell from 264 cents per pound at the beginning of the period to 248 cents at one point, but expectations for higher demand grew as the Chinese economy remained firm. The price stood at 325 cents at the end of the period and averaged 285 cents for the period, up 61 cents from the same period of the previous year.」
While the Chinese economy showed signs of recovery and conditions gave rise to expectations for higher copper demand, the underlying structure of dependence on demand in China and other Asian countries for sales remained unchanged. - FY2017RestatedAnnual report
「Sales of petrochemical products, electrolytic copper, processed electrical materials and other products manufactured by our group depend heavily on demand in China and other Asian countries」
Dependence on demand in China and other Asian countries continues to be disclosed as a risk in annual reports. - FY2017-Q3RestatedAnnual report
「During the nine-month period of the third quarter of the fiscal year (1 April 2016 to 31 December 2016), the Asian economy, led by China, slowed, although」
The slowdown in the Asian economy, including China, continues to be described as part of the business environment. - FY2017-Q2RestatedAnnual report
「Demand for petroleum and petrochemical products in Asia is still expected to grow, although」
Expectations for growth in Asian demand remain in place, while a slowdown in the Asian economy, including China, and intensifying competition are also identified. - FY2017-Q1RestatedAnnual report
「During the first quarter of the fiscal year, the Asian economy, led by China, slowed.」
The slowdown in the Asian economy, including China, continues to be identified as part of the business environment. - FY2016First statedAnnual report
「Sales of electrolytic copper, petrochemical products, processed electrical materials and other products manufactured by our group depend heavily on demand in China and other Asian countries, and our group also expects to expand its businesses further in these regions.」
While a slowdown in the Chinese economy is described, expanding demand in Asia is also identified as a growth opportunity.