Recently, international crude oil has risen sharply and the chemical market has risen simultaneously

Recently (9.
26-10.
9), due to OPEC+ production cuts that exceeded expectations, international crude oil rose
sharply.
As of October 9, the China Chemical Product Price Index (CCPI) released by Chemical Online closed at 5274 points, an increase of 2.
1%.

Among the important chemical products monitored, a total of 34 products increased, accounting for 54.
8%, and the products with the highest increases were methanol (20.
0%), acetone (14.
0%) and acetic acid (13.
8%).
A total of 17 products, accounting for 27.
4%, accounted for 27.
4%, with butadiene (13.
0%), maleic anhydride (9.
3%) and styrene (4.
6%)
leading declines.

Recently, the methanol market has been red
across the board.
International crude oil rose for several days, the National Day holiday returned, the market has replenishment demand, the tight supply of spot at the port has not eased, supporting the market to continue to climb
sharply.
The methanol market is expected to strengthen further in the near term, but the supply and demand side of the market may drag down the price rally
.

The center of gravity of the acetone market has shifted
upward.
Port inventories continue to decline, with some cargoes arriving late and a slightly concentrated
source of cargo.
After the holiday, the port inventory increased slightly, but the overall source of goods was concentrated, and the holders were reluctant to sell
at low prices.
Downstream factories just need to purchase, and it is prudent
to take the initiative to buy.
It is expected that the acetone market may continue to rise
in the future.

The acetic acid market rose
sharply.
The price of raw material methanol is higher, and the cost support is strong
.
The overall supply of the market has declined rapidly, and some manufacturers' equipment has not yet been fully negative, and the supply side is still showing a favorable trend
.
The downstream sense of smell is sensitive, and there is a concentrated order, resulting in higher
market prices.
At present, the terminal consumption situation is still not optimistic, and it is expected that the demand side will support a short
time.

The butadiene market has declined
weakly recently.
Affected by the weak expectations of most operators, the enthusiasm of downstream goods is not high, most small single purchases, and the mentality of waiting for a decline is relatively obvious
.
The price of butadiene export manufacturers has also been continuously reduced, and the overall negotiation range of the market has continued to decline
.
It is expected that the butadiene market will be weak and volatile
in the future.

The maleic anhydride market extended its downward trend
.
On the one hand, the enterprises in the early stage of maintenance of maleic anhydride continued to recover, and the supply maintained an increasing trend; On the other hand, the downstream resin industry has not changed for the time being, and the demand situation is mainly
stable.
At present, the oversupply of maleic anhydride market may continue, and the demand is stable and weak, and it is expected that the operation of maleic anhydride will continue to be under pressure
.

The styrene market has declined
.
Before the holiday, styrene short filling demand ended, and the supply and demand relationship weakened, and styrene prices fell
weakly.
After the holiday, as crude oil prices rebounded strongly, styrene prices also rose
.
At present, the cost of styrene is performing well, but its own fundamentals are relatively weak, and it is expected that the styrene market will be mainly consolidated in
the future.

In the short term, international crude oil may continue to rise, while the strong dollar and fragile economy limit its rise.

Affected by this, the chemical market may rise further, but only to a limited
extent.