-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
- Cosmetic Ingredient
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
After the crude oil production reduction agreement failed to reach an agreement and was affected by the epidemic, the global financial market plummeted on March 9.
crude
On March 12, this scene reappeared again.
Crude oil prices affect the entire petrochemical industry chain.
Upstream of the chemical industry chain
The drop in oil prices will have the most direct impact on upstream oil companies, bringing a short-term negative impact.
In addition, falling oil prices will squeeze out new energy consumption to a certain extent, which is not conducive to the new energy industry.
For other industries, it is generally beneficial.
Petroleum and petrochemical midstream and downstream industries
From the perspective of the capital market, for downstream companies in the petrochemical industry chain led by refining and chemical companies, costs will be greatly reduced.
plastic
Take the plastic products industry as an example.
With the decline of oil prices, the upstream and downstream industries of petroleum will gradually increase their commercial inventories so as to import cheaper crude oil and benefit from lowering the cost of the entire industrial chain in the future.
Shipping and logistics industry
Compared with the chemical industry's search for opportunities in crisis and upstream search, the decline in crude oil prices is more "straightforward" for shipping, logistics and other industries.
According to estimates by China Merchants Securities, taking 18 years of data as an example, whenever oil prices drop by 10%, China Southern Airlines, Air China, and China Eastern Airlines will reduce their fuel costs by RMB 43/38/3.
At the moment when the global sulphur limit has just been implemented, fluctuations in oil prices have had a greater impact on the shipping industry than ever before.
The purchase of marine fuel oil has always accounted for the bulk of the cost of the shipping industry.
The demand-side recession has become a mid-to-long-term trend, and prices are ultimately determined by supply and demand.
(Keyword: Crude Oil Plastic)
