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Sinochem News.
The weaker U.
S.
dollar combined with optimism in oil demand, international crude oil futures rose strongly, bringing support to the domestic chemical market
.
The Chemical Price Index (CCPI) released by Chemical Online last week closed at 5,046 points, an increase of 0.
Among the monitored prices of important chemical products, 49 products rose, accounting for 34.
7%.
The top three products were dimethyl carbonate, urea and butadiene; 63 products fell, accounting for 44.
7%.
The top three products that fell were propylene oxide, methyl ethyl ketone and isophthalic acid; there were 29 stable products, accounting for 20.
6%
.
Judging from the gains list, the dimethyl carbonate market rebounded from a low level last week
.
From May to June, factory maintenance was concentrated, the supply side shrank, and the price dropped to a low level in the previous period, the downstream market entered the market to make up positions, causing the market to rebound
The market price of urea rose to the highest level in history
.
Inflation has led to an increase in the cost of urea, and at the same time increased the external price, the export of urea has increased, and the domestic price has also increased
The butadiene market continued to rise last week
.
The high prices of external disks have supported the domestic market
Judging from the list of declines, in just one week, the price of propylene oxide fell by more than 2,000 yuan/ton, continuously setting new lows for the year
.
At present, the operating rate of enterprises is relatively high, the maintenance equipment has restarted, and the stable shipment of new equipment has resulted in ample supply of propylene oxide
The butanone market plunged last week
.
In the second half of May, the factory resumed work more concentratedly.
The isophthalic acid market has fallen sharply recently
.
Yanshan Petrochemical’s 50,000-ton/year overhaul facility was restarted, and Ningbo Taihua’s 200,000-ton/year new facility was put into production, which greatly increased supply
On the whole, although the traditional off-season is approaching, the rising oil market and high external disk support the domestic chemical market
.
In addition, the agrochemical sector also contributed to this surge
