Domestic chemicals are expected to rise in limited expectations

In the week of October 3~7, affected by factors such as the Nord Stream pipeline leakage and OPEC+ announced production cuts, international oil prices and European natural gas prices jumped
sharply.
As of October 7, New York crude oil futures were at $92.
64 / barrel, and Brent crude oil futures were at $97.
92 / barrel, the highest
since August 30.

In this context, the price of a variety of domestic chemicals rebounded
.
Whether it is the high shock of oil or the upward traction of natural gas prices on oil prices, it has brought butterfly effect
to the chemical industry chain.
Luxi, Lihuayi, Huayi, PetroChina, Sinopec and other enterprises have spoken out
.

In terms of ethyl acetate, Baichuan shares ethyl acetate rose in the offer, with reference to 7350 yuan (ton price, the same below) acceptance factory; Yankuang Guotai Chemical ethyl acetate quotation was raised by 190 yuan, the quotation was 7200 yuan; The ex-factory price of ethyl acetate of Anhui Huayi Chemical rose by 50 yuan to 7150 yuan
.
In terms of propylene oxide, the quotation of Dongying Huatai propylene oxide was raised to 9600~9700 yuan; Shandong Xinyue propylene oxide was raised by 100 yuan to 9600~9700 yuan; The spot quotation of Shandong Binhua propylene oxide was raised to 9600~9700 yuan
.
In terms of n-butanol, the factory quotation of n-butanol of Luxi Chemical increased by 200 yuan, and the execution was 7400 yuan; Tianjin Bohua Yongli n-butanol factory quotation increased by 100 yuan, the implementation of 7200~7300 yuan; The factory quotation of Shandong Lihuayi n-butanol was raised again by 100 yuan, and 7400 yuan was implemented; Yankuang Lunan Chemical n-butanol factory quotation was 7400 yuan, up 500 yuan
from before the holiday.
In terms of purified terephthalic acid (PTA), Yisheng Petrochemical PTA US dollar was quoted at $900, up $40
.
In terms of phthalate, the listing price of Jilin Petrochemical Phthalate, the Northeast Sales Branch of PetroChina, was raised by 300 yuan, and 9100 yuan was implemented, mainly for contract households
.
The listing price of phthalate of East China sales branch was increased by 300 yuan from October 1, and 9,300 yuan was implemented, and Yangzi Petrochemical and Zhenhai Refining and Chemical were implemented
at the same price.
The listing price of Hainan Refining & Chemical Phthalate, the South China Sales Branch of Sinopec, was increased by 300 yuan and implemented 9,300 yuan
.

In addition, the ex-factory prices of isobutanol, octanol, dichloromethane, formaldehyde and other products have increased
to varying degrees.
From the perspective of the chemical sector, since the beginning of this year, the domestic crude oil index has risen by 26%, and some chemical industry chains that are positively related to the crude oil index have risen slightly
.

However, domestic market participants analyzed that the continuation of the current round of rally is mainly affected by two factors, on the one hand, the operating rate and restart degree of the industry, some chemical plants under the high cost pressure, coal price rise, natural gas crude oil high fluctuations, successively into the maintenance period, coal-to-ethylene glycol plant operating rate is only 30%.

On the other hand, on the demand side, the overall chemical demand and terminal performance deviation this year have laid hidden dangers
for the decline in demand in the fourth quarter.
From the perspective of the core contradictions of the upstream and downstream of the industrial chain this year, the overall supply and demand are not as good as the same period of previous years, and the decline in demand brought about by the tightening of real estate and the change in overseas demand pattern have also affected
the chemical market.

In addition, international oil prices have turned down
again this week.
As concerns about falling oil demand continued to weigh on the market, international oil prices fell on October 11, with New York crude oil futures closing at $89.
35 / barrel and Brent crude oil futures closing at $94.
29 / barrel
.
International analysts said that while OPEC+ production cuts have provided support for oil prices, traders remain concerned
about the decline in oil demand caused by the global economic slowdown.
Last week's rise in international oil prices may be difficult to maintain in the coming weeks, and it is not a positive factor
for the domestic chemical market.