According to the data provided by China Chemical Network, of the 100 types of petroleum and chemical products that were tracked, the number of varieties that rose in 2010 accounted for the majority, and the increase was mostly concentrated at 15%-30%.
Liu Xintian, editor-in-chief of China Chemical Network, said that in light of the performance of the petrochemical market in 2009, the “recovery†of the market for nearly 18 months must not be simply understood as a “bounce†or “recall†and should be new. The front end and the upswing phase of a business cycle.
A cycle of petrochemical industry will generally experience three stages of rise, consolidation, and callback. The current round of market growth was sudden and vigorous. No matter the crude oil in the upper reaches of the industrial chain or the engineering plastics and fine chemical products in the downstream of the industrial chain, the market performance in the second half of 2009 and 2010 was relatively strong, and the industry chain was present. The characteristics of the midrange force are stronger than those at the top and bottom (the crude oil and some end products have risen less than most varieties).
Liu Xintian believes that as the impact of the global financial crisis fades, the external environment of the petrochemical market tends to be clearer than in 2008 and 2009, and is relatively stable in the foreseeable future. The petrochemical market in 2011 is still at a rising stage from the current point of view. Crude oil, for instance, will exert great influence on the petrochemical market; if crude oil weakens in the second half of the year, it does not rule out that the petrochemical market will enter the consolidation stage in advance.
Liu Xintian, editor-in-chief of China Chemical Network, said that in light of the performance of the petrochemical market in 2009, the “recovery†of the market for nearly 18 months must not be simply understood as a “bounce†or “recall†and should be new. The front end and the upswing phase of a business cycle.
A cycle of petrochemical industry will generally experience three stages of rise, consolidation, and callback. The current round of market growth was sudden and vigorous. No matter the crude oil in the upper reaches of the industrial chain or the engineering plastics and fine chemical products in the downstream of the industrial chain, the market performance in the second half of 2009 and 2010 was relatively strong, and the industry chain was present. The characteristics of the midrange force are stronger than those at the top and bottom (the crude oil and some end products have risen less than most varieties).
Liu Xintian believes that as the impact of the global financial crisis fades, the external environment of the petrochemical market tends to be clearer than in 2008 and 2009, and is relatively stable in the foreseeable future. The petrochemical market in 2011 is still at a rising stage from the current point of view. Crude oil, for instance, will exert great influence on the petrochemical market; if crude oil weakens in the second half of the year, it does not rule out that the petrochemical market will enter the consolidation stage in advance.