Prices of chemical products will remain high during the year

[China Epoxy Resin Industry Online] News from August 17, 2004.
In the first half of this year, the price of chemical products in the domestic market showed a strong upward trend.
More than 150 types of petroleum and chemical products that have been focused on tracking accounted for nearly 80% of the year-on-year increase.
Varieties continued to rise sharply even in the middle of the high, especially the petrochemical products downstream of the oil heads, which continued to rise, and the overall gains in July remained undiminished.
According to the development trend since last year, the most likely situation for the overall price of chemical products during the year should be to remain high.
As for whether it will continue to rise or fall, it depends on the specific situation of the specific product.
 
Although the price of chemical products has been rising strongly since the beginning of this year, there have been recent analyses that believe that the price level in the second half of the year will fall steadily on the basis of the first half of the year.