Let’s take a look at this crazy decline. Oil prices have fallen by 10% this week, and all those that rose last week have fallen back! Oil prices have been under severe pressure recently. The Bank of England announced a 50 basis point interest rate hike, setting the largest rate h

The crude oil is not very strong this week!

fell! fall! fall! Crude oil fell to $88 per barrel!

Oil prices fell to their lowest point since the end of February!

It seems that plastic raw material will be greatly reduced again

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fell below $90! The lowest since the end of February!

Let’s take a look at this crazy decline trend. Oil price has fallen by 10% this week , and all the rises last week fell back!

WTICrude oil

Source*: Sina Finance

Oil prices have been under severe pressure recently. The Bank of England announced that rate hike 50 basis points, setting the largest rate hike in 27 years. Recession concerns curb oil prices; in addition, sanctions on Iran oil exports may be expected to be lifted. Iran and US officials said they will go to Vienna to resume indirect negotiations on Iran's nuclear program. Now that oil prices have fallen below $90, it will inevitably bring a big cooling to downstream raw materials.

giant can't hold on! Start a significant price reduction!

As oil prices fall, raw materials have continued to fall in recent times, and the pressure from giants is unstoppable. The price of commodity has declined significantly this week, and the giant 0,000 Hua Chemical has had to release a price reduction statement.

Recently, a price announcement released by Wanhua Chemical showed that the listing price of polymerized MDI is 18,500 yuan/ton, fell by 1,300 yuan/ton compared with July ; the listing price of pure MDI is 22,300 yuan/ton, is lowered by 1,500 yuan/ton compared with July!

According to the results of commodity price monitoring, many raw materials are in a "decline" situation, among which the decline is more than 10%, the rubber and plastic list includes nitrile rubber , PA66, POM, EVA, and the chemical list includes sulfuric acid, hydrochloric acid, acrylic acid , butadiene and butyl acrylate .

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7 Rubber and Plastic rise and fall ranking

6 chemical tide in early August

plastic spot continues to drop prices, crude oil affects the price trend

On the other side, we turn our attention back to the plastic spot market:

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August 5 National PVC market price

International energy prices fell, demand for PVC industry weakened, and the industry continued to accumulate inventory, East China PVC price center of gravity fell , SG-5 mainstream transaction price is around 6600, ethylene method price center of gravity is below , mainstream price is around 6800-7000.

On August 5, the national EPS market price

crude oil fluctuated weakly, styrene price continued to decline, the EPS market was risk aversion, merchants maintained their urgent demand for buying, and the overall transaction was poor. EPS in many markets fell by 200 yuan/ton.

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August 5 PA6 slicing company quote

downstream spinning industry is weak, purchasing sentiment is poor, PA6 slicing transactions are average, raw materials are falling, cost support is insufficient, PA6/Tongling Jiahe/JH860 has dropped by 500 yuan/ton at a maximum.

On August 5, Yuyao PE market price

International crude oil prices have been falling continuously. Although oil-made polyethylene has always suffered losses, the cost support has weakened significantly; parking devices such as Qilu Petrochemical have driving plans, and the biggest uncertainty next week comes from changes in international crude oil cost support, LDPE/Zhongtian/LD251 has a maximum drop of 150 yuan/ton.

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supply and demand are weak, and the price of plastic may continue to fall!

The plastic market is in a downturn, and those who have reduced production, those who have closed down, those who have changed careers, what can be done about this? At present, domestic demand is bleak, and the recurrence of the epidemic has further suppressed terminal demand. In terms of supply, raw materials have generally fallen recently, and corporate profits are under serious pressure. Due to the risk aversion sentiment, many companies have reduced production. With both supply and demand weak, Sujie speculated that plastic prices will continue to fall in the short term.

Bosses with information in their hands should also be vigilant against market risks and the profit losses caused by the decline in raw materials.