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Oil | The results of the OPEC+ meeting made the market suspicious of the decline in international crude oil prices
The market continues to doubt the implementation of OPEC+ voluntary production cuts, and international oil prices have fallen for six consecutive working days, but the decline has narrowed. As of December 7, WTI crude oil futures $69.34 / barrel, Brent crude oil futures $74.05 / barrel, both fell...Read more -
Acrylic acid and ester | market recent trend analysis
Entering December, the domestic acrylic acid and ester market continued to move upward after a brief adjustment. Among them, butyl acrylate and isooctyl acrylate prices increased significantly, mainly due to the upstream raw material butanol prices rose more than expected, butyl acrylate and iso...Read more -
Trend analysis of production and capacity utilization rate of soda ash |
The correlation coefficient between soda ash price and capacity utilization rate in 2023 is 0.26, which is low correlation. As can be seen from the figure above, the first half of the soda ash construction is relatively high, device maintenance scattered, spot prices fell steadily, mainly the new...Read more -
Urea | November interval shock can be broken in December
In a flash, November has passed, and 2023 will enter the last month. For the urea market, the urea market fluctuated in November. The policy and news surface of the month continue to have a significant impact on the market. In November, the overall price rose and then fell, but the rise or fall w...Read more -
Fuel oil | Refinery equipment maintenance concentrated domestic fuel oil commodity volume continued to fall
In November 2023, the profit of the refinery was still low, and some of the raw materials of the refinery were tight, and the equipment still had short-term shutdown or negative operation. Domestic fuel oil commodity volume fluctuated down from the previous month. Domestic refinery fuel oil commo...Read more -
Butadiene | downstream profit pressure demand drag show industry chain
In 2023, the overall profit performance of the main downstream butadiene industry rose and then fell, and the profits of the industrial chain gradually transferred to the upstream after September. According to the mainstream brands of upstream and downstream products and the main representative m...Read more -
Petroleum asphalt | Supply Data Analysis in China (20231133-29)
1. Trend analysis As of this week (20231133-29), the capacity utilization rate of China’s asphalt refinery was 36.8%, down 1.1 percentage points from the previous week, and the weekly output of asphalt was 626,000 tons, down 2.19% from the previous week, mainly due to the intermittent shutd...Read more -
Sulfur | imports continued to expand to 12.2% year-on-year in October
According to the data of the General Administration of Customs, China’s sulfur imports in October 2023 were 997,300 tons, an increase of 32.70% from the previous month and 49.14% from the same period last year; From January to October, China’s cumulative sulfur imports reached 7,460,9...Read more -
Regenerative PE | others are transformed and recycled PE is not moving
November came to an end, new material PE continued to shock downward; Downstream demand tightening, limited release; The mentality of the regeneration industry is also affected by negative factors and constantly changing, but the recycling PE cargo situation and the price grain is difficult to mo...Read more -
Liquefied gas | Major events affect supply and demand in the future twists and turns forward
Taking stock of the major events occurring in the liquefied gas market in 2023, there are two things that directly affect the fundamentals of supply and demand: first, the safety accident of Ningxia restaurant; Ii. Alkylate oil is subject to consumption tax. These two major events affect the civi...Read more -
Polypropylene | oil price weakness against partial strong macro polypropylene accelerated adjustment
This month, PP prices showed a downward trend, at the beginning of the Sino-US relations there are signs of easing, a number of positive support for the market, the valuation side of the repair, coal prices hit a new high, coal chemical performance continues to be stronger than oil chemical. In ...Read more -
Base oil | Monthly Import and Export Data Analysis Report (October 2023)
1. Overview of import and export data In October 2023, China’s base oil imports were 61,000 tons, a decrease of 100,000 tons from the previous month, or 61.95%. The cumulative import volume from January to October 2023 was 1.463 million tons, a decrease of 83,000 tons, or 5.36%, from the sa...Read more
