Chemical industry has entered a period of high cost

[China Epoxy Resin Industry Online] June 2, 2006 News: Recently, especially since mid-April, the market has "rised".
The spot price of WTI crude oil in New York broke through US$70 per barrel on April 17 and reached a maximum of US$74 on the 21st, the highest price in more than 20 years.
The average price of crude oil for the month was US$69.
44 per barrel, up 10.
77% month-on-month and 31.
07% year-on-year.
Prices remained high in May.
Affected by this, the price increase in the domestic production material market became the main theme.
The market prices of oil, steel, non-ferrous metals, rubber and chemical raw materials all rose to varying degrees, while coal prices remained high.
Because petroleum and coal have the dual nature of energy and chemical raw materials, the increase in oil prices will have dual cost pressures on the chemical industry, which is both a downstream industry and a large energy consumer.
At the same time, the prices of rubber and yellow phosphorus have also risen at the same time, while prices such as sulphur are also high, and the chemical industry is facing all-round cost pressures.
It can be said that the chemical industry has entered a period of high cost.
Judging from the current situation, crude oil will continue to fluctuate at a high level.
Due to the limited surplus of oil production capacity, the oil facilities in Nigeria and Ikra have been damaged, the Iranian nuclear crisis has not yet been resolved, and it has entered the typhoon and hurricane season.
Once the regional political climate or natural climate Any changes will touch the "nerves" of oil prices.