Thank you. I see the P/E ratio is 14.9. By the way any stock with the P/E ratio lower than 20 is considered as an acceptable investment at the time. At least we will not see a significant drop, say 20 or 30% from the current price.
For raw materials, the P/E is generally 14 to 16 and not 20, they use 20 and higher for non-natural resources like tech sector and software. Having said all of this we are in a down market which means the pps can go lower, if you are looking longer term then this is a good stock to have.
In the down market the best performers are the short index ETFs. For china that's FXP, it's twice the short index for chinese stocks and it's up over $9 today. SKF is another good short ETF which is the short index for FINANCIAL sector.