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    Home > Chemicals Industry > China Chemical > Both petroleum and chemical indices are in the red (August 8-12)

    Both petroleum and chemical indices are in the red (August 8-12)

    • Last Update: 2022-08-19
    • Source: Internet
    • Author: User
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    Last week (August 8-12), the US consumer price index (CPI) in July increased by 5% year-on-yea.


    European summer heatwaves and tight gas supplies have prompted more oil to be used for power generatio.


    From the chemical spot market, the top five petrochemical products that rose last week were R134a up 54%, coke up 73%, light crude oil up 55%, yellow phosphorus up 88%, and Brent crude oil up 82.


    From the perspective of the capital market, the top five listed companies in the Shanghai and Shenzhen stock markets last week were Yida, up 335%, Runhe Materials up 257%, Mingchen Health up 280%, Qicai Chemical up 264%, Jiaao Environmental protection rose 245.


    CICC recommends paying attention to industries whose interim report performance may exceed expectations; Haitong's strategy continues to be optimistic about new energy and other high-growth industries; Minsheng's strategy focuses on areas that resonate with overseas "stagflation", such as energy (oil, thermal coal) and oil transportation; Guojun strategy believes that investment opportunities mainly focus on new energy and new material industries; CITIC Construction Investment strategy recommends focusing on the photovoltaic industr.


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