Business News Agency June 12: Securities Times reporter Li Wei was affected by the continuing downturn in crude oil and poor transmission of costs. The petrochemical market continued to fall more and less this week. The business community's monitoring this week showed that out of the 68 chemical products, the number of rising varieties accounted for 13%, among which pure isocyanate (MDI) had the largest weekly increase, which was 2.27%. Urea, titanium dioxide and propylene all increased in varying degrees; the price was flat. The total number of declines was 59, of which **, ethylene glycol, and ** had a weekly decline of more than 5%.
According to report, due to Ningbo Wanhua’s two sets of MDI devices with a capacity of 600,000 tons/year starting overhaul on June 1, the spot market was tight and directly pushed up the price of pure MDI. The mainstream product price was 22,500 yuan/ton yesterday. This was an increase of 500 yuan/ton from the beginning of the week.
Compared with the 78% drop in the petrochemical industry last month, the 48% drop this week indicates that the industry's decline is slowing down. Liu Xintian, chief analyst of this business group, judged that crude oil futures will likely be narrowly sorted at a price of 85 US dollars. Affected by this, it is expected that the chemical and rubber industries will continue to fall for a period of time; products, with methanol and rubber The market entered the off-season demand, and the supply was relatively abundant. The price has not yet been adjusted, and there may still be a large drop in the later period.
According to report, due to Ningbo Wanhua’s two sets of MDI devices with a capacity of 600,000 tons/year starting overhaul on June 1, the spot market was tight and directly pushed up the price of pure MDI. The mainstream product price was 22,500 yuan/ton yesterday. This was an increase of 500 yuan/ton from the beginning of the week.
Compared with the 78% drop in the petrochemical industry last month, the 48% drop this week indicates that the industry's decline is slowing down. Liu Xintian, chief analyst of this business group, judged that crude oil futures will likely be narrowly sorted at a price of 85 US dollars. Affected by this, it is expected that the chemical and rubber industries will continue to fall for a period of time; products, with methanol and rubber The market entered the off-season demand, and the supply was relatively abundant. The price has not yet been adjusted, and there may still be a large drop in the later period.
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