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According to the data from China Chemical Network, domestic chemical products have dropped continuously in the past four months and a clear downward path has been formed.
The price of chemical products began to decline in July. The ranking of chemical products in September showed that the chemical with the largest price drop was sulphur, which plunged from 4,400 yuan/ton at the beginning of the month to 2,200 yuan/ton, with a drop of up to 50% and o-xylene with 18.81%. The drop followed, with only maleic anhydride and epichlorohydrin rising throughout the list, but the increase was only 1.1% and 4%. In the energy-related products list, DME dropped by as much as 20.3% last month, followed by two major fuel oil varieties - Singapore fuel oil 180CST and Singapore fuel oil 380CST, which fell by 16.5% and 16.1% respectively. Plastic product price rankings fell across the board. Polypropylene drawing materials, polyvinyl chloride-based calcium carbide method 5, and ABS fell in the top three positions.
In general, under the lead of “dive†in crude oil prices, petrochemical products embarked on a relatively neat line in September and the average decline was close to 10%. If it traces back to the entire market trend since July, the price of petrochemical products has fallen by as much as 30% to 40%. This not only squeezes most of the foam accumulated in the first half of the year, but even part of the prices have returned to 2006 and 2007. The level of the year.
The future of the chemical market depends on crude oil. "From July to October, the price of the product has fallen almost every month, and a very clear downward avenue has been formed. What's more, this channel shows a black hole effect and a fall in the price. Gradually increase," said Liu Xintian, executive editor of the China Chemical Network Information Market Center.
He believes that in such a situation, it is imperative to control the market, especially the control of upstream products, otherwise it is likely to become a disaster. "After all, crude oil is a barometer for the petrochemical market. The future trend of the petrochemical market will still depend on crude oil."
In Liu Xintian's view, the above price changes in petrochemical products are mainly attributed to changes in the economic environment and market conditions. From nearly US$150/bbl to US$80/bbl, the repeated large fluctuations in crude oil made downstream products inconsequential, and the significant changes in costs and the downturn in the downstream market also made product positioning difficult.
It is worth noting that the steel industry has also seen an inflection point since July, and coke and coking companies have responded. As the output of the steel mills reduced, the demand for coke decreased. Nearly a third of the coking enterprises in the country from July to September stopped production or went out of business, which indirectly led to a drop in coal prices, which in turn led to a drop in coal chemical downstream products.
"In the face of the global economic changes, cross-industry influences will become more prominent. Not only will the steel industry affect the chemical industry, even the dairy industry triggered by the melamine incident will affect the chemical industry. We expect that The bad news of the industry may be released one after another, which will bring a more serious blow to the petrochemical industry." Liu Xintian said finally.
The price of chemical products began to decline in July. The ranking of chemical products in September showed that the chemical with the largest price drop was sulphur, which plunged from 4,400 yuan/ton at the beginning of the month to 2,200 yuan/ton, with a drop of up to 50% and o-xylene with 18.81%. The drop followed, with only maleic anhydride and epichlorohydrin rising throughout the list, but the increase was only 1.1% and 4%. In the energy-related products list, DME dropped by as much as 20.3% last month, followed by two major fuel oil varieties - Singapore fuel oil 180CST and Singapore fuel oil 380CST, which fell by 16.5% and 16.1% respectively. Plastic product price rankings fell across the board. Polypropylene drawing materials, polyvinyl chloride-based calcium carbide method 5, and ABS fell in the top three positions.
In general, under the lead of “dive†in crude oil prices, petrochemical products embarked on a relatively neat line in September and the average decline was close to 10%. If it traces back to the entire market trend since July, the price of petrochemical products has fallen by as much as 30% to 40%. This not only squeezes most of the foam accumulated in the first half of the year, but even part of the prices have returned to 2006 and 2007. The level of the year.
The future of the chemical market depends on crude oil. "From July to October, the price of the product has fallen almost every month, and a very clear downward avenue has been formed. What's more, this channel shows a black hole effect and a fall in the price. Gradually increase," said Liu Xintian, executive editor of the China Chemical Network Information Market Center.
He believes that in such a situation, it is imperative to control the market, especially the control of upstream products, otherwise it is likely to become a disaster. "After all, crude oil is a barometer for the petrochemical market. The future trend of the petrochemical market will still depend on crude oil."
In Liu Xintian's view, the above price changes in petrochemical products are mainly attributed to changes in the economic environment and market conditions. From nearly US$150/bbl to US$80/bbl, the repeated large fluctuations in crude oil made downstream products inconsequential, and the significant changes in costs and the downturn in the downstream market also made product positioning difficult.
It is worth noting that the steel industry has also seen an inflection point since July, and coke and coking companies have responded. As the output of the steel mills reduced, the demand for coke decreased. Nearly a third of the coking enterprises in the country from July to September stopped production or went out of business, which indirectly led to a drop in coal prices, which in turn led to a drop in coal chemical downstream products.
"In the face of the global economic changes, cross-industry influences will become more prominent. Not only will the steel industry affect the chemical industry, even the dairy industry triggered by the melamine incident will affect the chemical industry. We expect that The bad news of the industry may be released one after another, which will bring a more serious blow to the petrochemical industry." Liu Xintian said finally.
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