The oil and chemicals sector index fell across the board

Last week (December 19~23), the petroleum and chemical sector index fell
across the board.

In the chemical sector, the chemical raw materials index fell by 5.
50%, the chemical machinery index by 6.
27%, the chemical pharmaceutical index by 6.
08%, and the pesticide fertilizer index by 4.
99%; In the oil sector, the oil processing index fell by 3.
52%, the oil exploitation index fell by 3.
30%, and the oil trade index fell by 7.
94%.

In terms of energy, the news that Russia may cut production may support international oil prices
.
At the same time, heating oil demand will also be boosted
as U.
S.
crude inventories fall and winter storms hit the northeastern United States.
As of December 23, the settlement price of the main contract of New York crude oil futures was $79.
56 per barrel, up 2.
67% from the previous month; The main contract for Brent crude settled at $83.
92 per barrel, up 3.
63%
from the previous month.

In the spot market, the top five petrochemicals were ethanol up 6.
5%, polymer MDI up 6.
3%, toluene diisocyanate up 4.
6%, pure diphenylmethane diisocyanate up 4.
2%, and coke up 3.
9%; The top five petrochemical products were natural gas down 19.
20%, sulfuric acid down 18.
5%, glufosinate down 10.
8%, glycine down 4.
80% and yellow phosphorus down 4.
60%.

In terms of capital markets, the top five listed chemical companies in Shanghai and Shenzhen last week rose by 19.
62%, Tianhe rose 19.
40%, Shenyang Chemical rose 15.
91%, Yuanli Technology rose 12.
22%, and Compton rose 9.
30%; The top five listed chemical companies were Sanfu Xinke down 31.
41%, International Industrial down 23.
51%, Dawn down 20.
78%, Kemet Gas down 16.
35%, and Runyang Technology down 16.
32%.

Ten major institutions such as Haitong Strategy, CITIC Strategy, Industrial Securities Strategy, and Guohai Strategy believe that January 2023 will usher in the best allocation time
.
West China Strategy believes that it is necessary to focus on expanding domestic demand and repairing the automotive industry chain
after the epidemic.