The reduction of oil prices, not only include the transportation industry (including aviation and logistics), the automobile manufacturing industry, chemical fiber and plastics industry, as well as thermal power, agriculture, fisheries and other industries, will also benefit from the sharp decline in oil prices.

Transportation: prosperity is negatively correlated with oil prices

The prosperity of the transportation industry is significantly negatively correlated with oil prices. Due to the repeated rise of international oil prices in the early stage, the stock prices of the vast majority of stocks in the industry (such as aviation, shipping, road transport, logistics, etc.) have constituted a serious pressure, especially in the aviation industry, where fuel costs have accounted for about 30% of airline costs. Now the oil price has fallen sharply, the cost of transportation industry will have a significant decline in space, repressed for a long time, the super decline has been too large transportation stocks, naturally will usher in a good time for short-term surge.

Suggested concern: Air China (601111), the company's international routes accounted for the largest proportion, the most obvious direct impact of rising international oil prices, so when the oil price fell, the stock by the largest degree of good, the second half of the overall profitability is expected to rise positively; Bonded technology (600794), small cap low valuation logistics varieties, benefit from the expansion of storage tank capacity and income tax preferential policies, will promote its performance growth; Hengji Daxin (002492), a third-party chemical logistics service provider, mainly in Zhuhai and Zhenjiang, backed by the deepwater port, covering the Yangtze River Delta and the Pearl River Delta, the two economically developed economies, the downstream demand is strong.

Automobile: Consumption willingness is expected to increase

For the automobile industry, mainly because the supply and demand of automobiles are closely related to the consumption willingness. In China's highly competitive auto market, high oil prices will be a significant drag on demand. In the course of the previous high oil price, consumers' willingness to buy cars significantly decreased. The main reason is that the consumer groups in this market segment belong to the new demand of first-time car buyers, and this group of people is relatively sensitive to the rise of fuel prices. Now the oil price has dropped sharply, the third quarter of China's finished oil prices are bound to be lower expectations, which is beneficial to the auto industry.

At present, the valuation of vehicles and parts in the automotive industry is at a historical low, driven by short-term positive factors, its valuation recovery rebound market is expected to continue. Operation suggestions to pay attention to: Changan Automobile (000625), Ford expansion and corporate integration to become its growth drivers; Shuanglin Stock (300100), the company has a complete industrial chain from product research and development to mold design, parts manufacturing, parts assembly, new orders are good. It is worth mentioning that the stock is undervalued in the GEM.

Chemical fiber plastic fertilizer: the cost will fall

China's chemical fertilizer production raw materials are mainly coal, heavy oil, natural gas, its raw material costs, energy costs accounted for a large proportion of the cost; Chemical fiber to synthetic fiber monomer (polymer) as raw materials, raw material prices are very sensitive to the price of crude oil; Plastic products industry to basic petrochemical products, such as polyethylene, polypropylene and so on as raw materials, and raw material costs accounted for a large proportion of production costs, the impact of changes in crude oil prices is also greater. Therefore, on the whole, the high cost of chemical fertilizer fiber and plastics industry will also benefit significantly from the collapse of oil prices.

Suggested attention: Liaotong Chemical (000059), the company is one of China's large urea producers, although the Angola restructuring project was terminated, but the company's development prospects are still promising; Xinxiang Chemical Fiber (000949), the company is China's largest viscose filament production enterprises, to be issued twice in the past two years, while the company is committed to differential development; Wuhan Plastics (000665), the company's cost pressure in the first half of the year, the decline in oil prices is favorable to its current main business, after the future reorganization, Chutian digital will realize backdoor listing.

Other industries: indirect benefit from the fall in oil prices

The decline in oil prices will also contribute to the cost of thermal power, agriculture, fisheries and other industries.

For the thermal power industry, due to the substitution effect of coal for crude oil, the decline in oil prices often leads to a decline in coal prices, which makes the power generation cost of power generation enterprises decline, coupled with this year due to the power shortage and the corresponding increase in electricity prices, the weak power stocks have a rare opportunity to explore. Suggestions and concerns: Shenneng Shares (600642), this year in East China, the power supply and demand situation is tight, the average utilization hours of thermal power units in the region may exceed 6000 hours, the profitability of related enterprises may improve. Due to the superior performance of the company's units, it will benefit more.

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