Divergence in the oil and chemicals indices

Last week (November 7~11), the petroleum and chemical sector index diverged
.
Among them, the oil sector index was red across the board, while the chemical and pharmaceutical index in the chemical sector was negative, and the chemical machinery index ended 4 consecutive days
.

In chemical industry, the chemical pharmaceutical index fell by 0.
55%, the chemical raw materials index rose by 0.
46%, the pesticide fertilizer index rose by 0.
55%, and the chemical machinery index fell by 3.
61%; In oil, the oil trade index rose by 2.
63%, the oil exploitation index rose by 1.
62%, and the oil processing index rose by 2.
12%.

In terms of energy, bearish factors dominated the market last week
.
First, the market is still worried about the decline in demand due to the global recession; Second, traders continue to pay attention to the progress of the new crown epidemic prevention and control and the impact of the US midterm elections on the outlook for oil supply and demand; Third, the unexpected growth of US crude oil inventories last week led to the downward shock of international crude oil prices
.
As of November 11, the New York crude oil futures contract settled at $88.
96 per barrel, down 3.
94% from the previous month; The Brent crude futures contract settled at $95.
99/barrel, down 2.
62%
month-on-month.

From the spot market, the top five petrochemical products were liquid chlorine up 49.
24%, pyrite up 7.
82%, acetone up 6.
02%, nitric acid up 5.
94%, and industrial grade lithium carbonate up 4.
61%; The top five petrochemical products were toluene diisocyanate down 17.
18%, 1,4-butanediol down 12.
43%, yellow phosphorus down 12.
22%, liquefied natural gas down 9.
43%, and trichloroethylene down 9.
13%.

From the perspective of the capital market, the top five listed companies in Shanghai and Shenzhen last week were Tianhe shares rose 30.
93%, Mingchen Health rose 20.
02%, Bohui shares rose 19.
61%, Compton rose 14.
88%, and Nanfeng Chemical rose 14.
43%; The top five listed chemical companies were Lianhong Xinke down 13.
57%, Huate Gas down 11.
82%, Tongcheng New Materials down 10.
56%, Shanghai SkyOcean down 10.
44%, and Puyang Huicheng down 10.
08%.