echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > China Chemical > Petroleum and chemical sector indices are mixed(December 5~9)

    Petroleum and chemical sector indices are mixed(December 5~9)

    • Last Update: 2022-12-29
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Last week (December 5~9), the petroleum and chemical sector index was mixed
    .

    In the chemical sector, the chemical and pharmaceutical index rose by 1.
    44%, the chemical raw materials index rose by 2.
    04%, the pesticide fertilizer index rose by 2.
    54%, and the chemical machinery index fell by 2.
    12%; In the oil sector, the oil trade index fell by 3.
    24%, the oil extraction index fell by 1.
    69%, and the oil processing index rose by 0.
    13%.

    In terms of energy, multiple bearish factors dominated the market trend last week, and international crude oil prices fluctuated
    downward.
    Specifically, first, despite the decline in US crude oil inventories, gasoline and distillate inventories have surged, exacerbating market concerns about slowing demand; Second, the market is waiting to see the impact
    of the restrictions imposed by the G7 and the EU on the price of Russian oil will affect the market.
    As of December 9, the settlement price of the main contract of New York crude oil futures was $71.
    02 / barrel, down 11.
    2% from the previous month; The main contract for Brent crude oil settled at $76.
    1 per barrel, down 11.
    07%
    from the previous month.

    From the spot market, the top five petrochemical products were liquefied natural gas up 38.
    50%, pyrite up 7.
    98%, phosphoric acid up 5.
    85%, cryolite up 5.
    26%, and yellow phosphorus up 4.
    16%; The top five petrochemical products were liquid chlorine down 188.
    03%, sulfuric acid down 23.
    50%, chloroform down 10.
    76%, tetrafluoroethane down 9.
    80%, and toluene down 8.
    40%.

    From the perspective of the capital market, the top five listed companies in Shanghai and Shenzhen last week were Meirui New Materials up 25.
    11%, Daswell up 22.
    55%, ST Youfu up 21.
    69%, Ashtronics up 19.
    80%, and Chuanheng up 15.
    98%; The top five listed chemical companies were National Science and Technology down 16.
    29%, Ruifeng New Materials down 12.
    12%, Huajin down 11.
    58%, Huafeng's microfiber down 10.
    50%, and Yuanli's down 10.
    39%.

    Ten major institutions such as Haitong Strategy, CITIC Strategy, Industrial Securities Strategy, and Guohai Strategy believe that the New Year's Eve market is still on the way
    .
    Guohai strategy is more optimistic about new chemical materials, special equipment and other fields; Huaan Strategy believes that the new energy track still has performance advantages
    in the medium and long term.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.