Chemical gains are hard to sustain, energy is still cloudy in August

Chemical gains are hard to sustain, energy is still cloudy in August

The domestic chemical market has been gradually rising. Compared with the same period last year, the market activity and product transaction prices have improved greatly. However, due to market forces, which are mostly passive factors, the rapid growth has been unsustainable.

Organic chemicals led the market in the absence of domestic demand, the organic chemical industry plays a major role in leading the market. In July, the prices of acetic anhydride and butadiene both increased by more than 20%. Their common driving force was the decrease in the market supply caused by the overhaul of the equipment, and the joint traders of the manufacturers followed suit in raising prices.

In addition, there are star products in inorganic products, acetic acid, alcohol, and acetic acid also maintained a good upward trend in July, in which the increase in the market price of acetic acid was mainly due to the overhaul of factory equipment and accidental parking.

Zhang Ming, a senior chemical analyst, pointed out that the driving force for the upward movement of the chemical market in July was mainly concentrated in the imbalance between supply and demand in the market, seasonal maintenance and accidental parking of equipment was once created star products such as acetic acid, acetic anhydride, and external disk prices rose and traders and manufacturers Actively speculation and other aspects. He said that in August, some products will face the risk of a sharp decline, the entire chemical market will show an overall slight increase, the gap between the increase and decrease narrowed.

The energy market is characterized by its distinctive characteristics as a commodity commodity. In July, the energy index was only 796 points, setting a record low in the cycle. Senior energy analyst Li Hong said that in July the energy sector was green across the board. From the outlook, the energy market is still hard to find in August.

This reporter learned that, in terms of refined oil, after the price reduction in late July, the price of gasoline and diesel will fluctuate slightly, and the negative factors in the market are overshadowed by strong bearish sentiment. The traders and end-users have little intention to operate; in terms of coal coke products, Affected by downstream demand, coal coke will still fall in the later period, but the rate will slow down. For alcohol ethers, the recovery and consumption of the lower reaches of East China and northwest enterprises will become the main cause of market changes.

Li Hong said that although the energy market is green across the board, the trend is very clear.

In July, the crude oil market started to decline afterwards, the geopolitical risks in the first half of the year tended to ease, and the oil price fell to a one-month low. In mid-term, the tension between Russia and the West rose sharply, making the prospects for crude oil supply worrying and then showing upward momentum. In the later days, the risk of the geopolitical situation has not yet ended, but the supply of crude oil in the market has increased, alleviating concerns that crude oil supply and demand will be tight. Against the backdrop of turmoil in the crude oil market, the refined oil market also experienced a decline, with diesel falling by nearly 3% and gasoline falling by less than 1%.

Coal coke industry chain products have seen a greater decline. In terms of thermal coal, thermal coal led the energy list this month, which has fallen by 39 yuan, a decrease of nearly 8%. The growth rate of output growth of coal downstream industries such as coal-fired power generation has declined and the demand for coal has decreased; the current social coal stocks are relatively abundant, supply has increased steadily, and the market supply exceeds demand; coal import prices have fallen, and prices have fallen, and have a certain impact on the coal market in the region. Impact. In terms of coke, the decline was relatively modest this month. The current price has been a new low in recent years. Coking enterprises have suffered serious losses. Steel products in the downstream have improved in the first half of the year, mainly due to the rise in raw material iron ore. Steel companies have not raised their coke purchasing prices, but they are willing to lower prices. Something eased. At present, it is the off-season consumption of coal coke steel, but coke prices have reached the bottom of the price and may rebound in the future.

The alcohol ether industry chain continued to decline as coal prices continued to decline and cost support was insufficient. Li Hong said that the overhaul of some installations in the main producing areas resumed production and supply increased; downstream demand in the inland areas slowed down, and factory inventories increased; inventories in the port areas increased, supply was sufficient, and downstream demand prices were light. In addition, dimethyl ether also declined slightly. Based on the cost pressure of raw material methanol and the general increase of downstream liquefied petroleum gas, the dimethyl ether in the northern region has increased in intensity, and the intensity of inspection and mixing in various regions has increased. The market demand for downstream liquefied gas has been unsatisfactory, and the market volume of dimethyl ether is difficult to increase.

Power Hand Tools

Suzhou Newstar Hardware Co.,Ltd. is a good manufacturer on the products of Hand Tools and Power Tools Combination. Power Hand Tool kit, Electrician Hand Tools Set, and other kinds of tools combination per customer needs. We choose high quality portable power and high quality hand tools, no worry about complaints from customer. Trust us and long time business with win-win.

Power Hand Tools,Electrician Hand Tools,Portable Power Hand Tools,Electrical Power Hand Tools

SUZHOU NEWSTAR HARDWARE CO.,LTD. , https://www.sjnewstarhardware.com