Views: 0 Author: Site Editor Publish Time: 2022-11-02 Origin: Site
A brief analysis of the weekly rise and fall of chemical products: overseas energy is steadily rising, and mainland coal is slightly declining
International oil prices have risen steadily for three consecutive rises. The geo-risks in the Middle East have intensified and the expectation that the pace of interest rate hikes by the Federal Reserve will slow down has helped to restore market sentiment, and the new round of production cuts promised by OPEC+ will start. The previously announced OPEC+ oil production declined. U.S. crude oil and refined oil inventories showed signs of destocking again, both of which boosted the confidence of crude oil bulls. In this cycle, U.S. crude oil WTI re-stands at the key position of $90/barrel, and Brent is affected by shifting positions and changing months. narrow. The Russian-Ukrainian war is still ongoing, but this cycle, the geopolitical risks in the Middle East have suddenly intensified and attracted market attention. The U.S. military and other countries in the Middle East are on high alert, Saudi Arabia said on Nov. Although the Iranian side responded that such news is just a deliberate incitement against Iran by the West, the market is still highly nervous about the geopolitical situation in the Middle East in view of the warning of the Russian-Ukrainian conflict. However, the operation of chemical products in this period is slightly different, mainly because the mainland market is gradually entering the traditional off-season, the epidemic situation in many places has led to the escalation of prevention and control efforts, the decline in the demand side and the cautious sentiment all make the industry more inclined to low-end negotiations.
Among the 64 important chemical products, 19 rose varieties, accounting for about 29.69%; 39 fell varieties, accounting for about 60.94%; and 6 products remained unchanged, accounting for about 9.38%. The top three products that rose were polymerized n-butanol (↑9.66%), octanol (↑7.65%), and acrylonitrile (↑6.45%). Among them, the products with the top three declines are TDI (↓9.57%), pure benzene (↓8.93%), and phenol (↓8.61%).