Chemical raw materials skyrocket!

On March 5, Brent crude oil futures stood at US$68 per barrel, the first time since January last year.

Returning after the holiday in 2021, many chemical raw materials have started a "surge" mode.

The upward trend of chemical raw materials was conducted under the first-level transmission, which quickly affected downstream companies, successfully shifting the pressure to downstream companies such as emulsions, resins, and coatings.

Provincial associations issue warnings

The speed of conduction was unexpected, and then the floor industry, the downstream of the coatings industry, was also affected.

Under the layer-by-layer conduction, the situation of many industries is hot

In addition to the floor industry announced by many associations, the downstream industries of home appliances, furniture, and electric vehicles have also been affected, and prices have been silently increased.

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