The petrochemical sector index ended all in red

Last week (December 26~30, 2022), the petroleum and chemical sector index was red across the board, achieving a perfect end
.

In the chemical sector, the chemical raw materials index rose by 1.
52%, the chemical machinery index rose by 4.
78%, the chemical pharmaceutical index rose by 1.
97%, and the pesticide fertilizer index rose by 0.
77%; In the oil sector, the oil processing index closed flat, the oil exploitation index rose 0.
38%, and the oil trade index rose 0.
19%.

In terms of energy, last week, international oil prices fluctuated upwards
due to multiple favorable factors such as the weakening of the Fed's interest rate hike expectations, the tightening of the supply side in the United States, and the relaxation of China's epidemic control policies to boost crude oil demand.
In addition, in response to the West's price limit on Russian oil, Putin has signed a presidential decree, while Russia may cut oil production by 5%~7% in early 2023, and the decline in global crude oil supply is also expected to support oil prices
.
As of December 30, 2022, the main contract price of New York crude oil futures was $80.
26/barrel, up 0.
88% from the previous month; The main contract price of Brent crude oil was $85.
91 per barrel, up 2.
37%
from the previous month.

In the spot market, the top five petrochemical products were butadiene up 4.
3%, adipic acid up 3.
1%, toluene diisocyanate (TDI) up 2.
8%, propylene oxide up 2.
2%, and styrene up 1.
2%; The top five petrochemicals were anhydrous hydrofluoric acid down 15.
30%, sodium trichloropyridinate down 11.
9%, 2,4-dichlorophenoxyacetic acid (2,4-D) down 10.
6%, natural gas down 10.
2%, and aniline down 6.
6%.

In terms of capital markets, the top five listed chemical companies in Shanghai and Shenzhen last week rose by 21.
13%, Sanfu Xinke rose by 19.
80%, Tianyang New Materials rose by 19.
09%, Jiangtian Chemical rose by 18.
84%, and Ruifeng New Materials rose by 18.
57%; The top five listed chemical companies were China Agricultural United down 11.
10%, Yaben Chemical down 10.
10%, Dawn shares down 8.
16%, Ai Ai Precision Industry down 7.
75%, and Huartai down 7.
17%.

Officially opened in 2023, China Merchants Fund suggests that after the economy stabilizes, it can focus on transformation and growth industries such as materials (nonferrous metals, chemicals) and pharmaceuticals in the second half of the year; HSBC Jinxin is optimistic about the new energy industry; CITIC Prudential is optimistic about advanced manufacturing industries such as power batteries, photovoltaics, wind power, semiconductors, etc.
; China Universal is optimistic about the semiconductor and new energy photovoltaic industries
.