The hottest drop was 65. These chemical raw materi

Plummeted 65%! These chemical raw materials have fallen miserably

plummeted 65%! These chemical industries could not meet the market demand simply by relying on the expansion of production capacity for a period of time in the future. They are expected to fall miserably

the crude oil market is "cautiously optimistic", and the low level of chemicals hovers.

energy analyst Michael tran said in his report on Tuesday that the reopening of the economy around the world undoubtedly injected a certain degree of "cautiously optimistic" mood into the crude oil market. It is reasonable to believe that the most serious imbalance between supply and demand has passed. Coating coatingo samples, weights, and bow rings form a mass spring system. At the same time, some traders said that the imbalance between supply and demand has not been resolved, and he will still be very cautious in the short term

a variety of chemical products hit new lows

according to paint procurement, since 2020, due to the impact of the global market environment, recently, the prices of many domestic chemical raw materials have declined to varying degrees. Although the prices of some raw materials have increased, from the development of application fields, those whose prices have increased belong to emergency products. The prices of most raw materials have declined to varying degrees. For example, the domestic butadiene market has continued to decline, breaking new lows in April. Titanium dioxide, epoxy resin, epichlorohydrin, bisphenol A and other chemical products have hit new lows in recent years

since May, this decline has not slowed down, the downstream market demand has not been fully opened, and the atmosphere of raw material price decline is still very strong

on May 6, the executive price of o-xylene of Sinopec East China sales company and North China sales company was 4000 yuan/ton, and the price fell by 200 yuan/ton

on May 6, the price of o-xylene in PetroChina northeast fell. The current executive price of PetroChina northeast is 3800 yuan/ton, and the price fell by 200 yuan/ton

on May 6, Zouping Tianlu Chemical Co., Ltd. offered 190 yuan/ton of industrial grade sulfuric acid (98%), which fell slightly by 20 yuan/ton

on May 6, the hydrofluoric acid unit of Jinfeng fluorochemical industry in Dongyue, Inner Mongolia is currently under normal operation. The ex factory price of anhydrous hydrofluoric acid has fallen by 1200 yuan/ton to 7600 yuan/ton, and the manufacturer's sales are normal

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according to incomplete statistics of paint procurement, compared with the same period last year, the prices of nearly 100 kinds of chemical raw materials fell, among which, the price of ethylene fell 65.57%, butadiene fell 50.35% and chloroform fell 49.52% year-on-year, which can be called a sharp fall

under the epidemic, supply and demand constraints, the price of chemicals may be difficult to turn over

the change in the price of crude oil undoubtedly has a certain impact on the chemical industry. The more downstream products, the slower and smaller the impact of the price change of the source crude oil, which requires a certain transmission process. On the other hand, the relationship between supply and demand has also had an impact on the price of chemical raw materials, and the impact is more obvious. The sharp decline of cost side crude oil in the first quarter, superimposed on the contradiction of oversupply, has intensified the decline of downstream petrochemical products. The prices of many petrochemical products have fallen to historical lows. Crude benzene and ethylene glycol have been halved, and most enterprises have a situation of upside down costs and high inventories, The serious overstock of inventory forced enterprises to reduce prices and inventory, making it possible for the petrochemical industry to stampede down under the vicious circle

in this situation, it may take a long-term plan to unseal on a large scale and even complete the global economic recovery. Even if the economy restarts, it is still uncertain how much it can recover, and the risk of epidemic spread will be greatly increased, which will lay new hidden dangers for the future economy. Due to the serious imbalance between supply and demand, oil prices may still hover at a low level near $20 in the near future. In terms of chemical raw materials, the boost effect of the rise of the upstream is still very limited. After all, there is no payment from downstream customers. Even if the price rises, there is a price but no market. What we face is the choice of "less loss" or "more loss". No one dares to sell easily. The wait-and-see situation will continue for a long time. In addition, recently entering the off-season of the market, high inventory and low demand attack each other, and the price of chemical raw materials may continue to be a topic of contention, which is difficult to turn over in a short time