More than a dozen chemical raw materials are diving!

Recently, after the National Development and Reform Commission issued a series of 28 "bombing" random price hikes, the chemical industry was finally defeated, and prices began to plummet
.

Soaring 300%! The National Development and Reform Commission issued 28 articles in a row "forcing a stop" to raise prices!

Since October 19, a total of 28 articles on the official Weibo of the National Development and Reform Commission are directly related to coal, an average of 3 articles per day
.

On the morning of October 27, the Price Department of the National Development and Reform Commission convened a meeting of the China Coal Industry Association and some key coal enterprises to study specific measures to intervene in coal prices
.

In the end, how exaggerated the price of coal has risen? ! Development and Reform Commission so hard to attack?

According to the Beijing News, the price of coal for heating has risen this winter.
The price of coal in Gansu Province has doubled year-on-year
.

It is understood that since late August, the price of thermal coal futures has continued to skyrocket, rising from less than 800 yuan/ton to 1,982 yuan/ton
.
The price of coal for local heating has also soared from an average of 1,000 yuan/ton to 2,400 yuan/ton
.

More than a dozen chemical raw materials with collapse

Under the joint efforts of many parties, thermal coal has fallen from the highest price of 1,982 yuan/ton on October 19 to the current 1,051.
8 yuan/ton, a drop of 47%, which is almost a "half cut"
.

With the collapse of thermal coal, the prices of coal chemical products have fallen sharply one after another
.

Coal-chemical industry chain

The intensity of this time can be described as unprecedented, and every method is used to ensure the supply of coal and electricity, which has also become an important reason for detonating the green of many raw materials in the coal chemical sector
.
The collapse of thermal coal and coal-to-chemicals has dragged down the entire energy and chemical sector and even the commodity sector, and the spot market also seems to have been inspired.
The prices of more than a dozen chemicals such as PVC, methanol, styrene, isobutyraldehyde, n-butanol, and neopentyl glycol Pulling down in a straight line, many manufacturers have also started a price drop mode, which plummeted by up to 1,300 yuan / ton in one day, which is surprising
.

PVC: The futures fell by the limit 5 times, and the spot sold in panic!

The pvc futures fell by the limit 5 times recently, and the futures price continued to weaken.
In the late trading, the lower limit was extremely negative for the spot market, and the quotations of the two weak spot markets were chaotic
.

The spot price in some areas fell below five digits and returned to the quotation at the beginning of 9
.
The upstream PVC factories also increased the rate of reduction, and the ex-factory price was repeatedly lowered by 500-600 yuan / ton today, and the current quotations of traders in consuming areas are in the range of 300-500 of the ex-factory price
.
Under the pressure of the continuous falling limit of futures prices, traders sold goods seriously
.

Methanol: The price fell by more than 1,000 yuan / ton

Driven by the sharp drop in coal at the raw material side, the price of methanol futures has fallen by more than 1,300 yuan/ton in the last half month, and the spot market price has also fallen sharply
.

Urea: plunged 23%

Dragged down by the sharp drop in thermal coal, the price of urea futures has risen from a high of 3,300 yuan/ton on the 19th to the current 2,532 yuan/ton.
After 6 trading days, the decline of urea has reached 23%
.

Ethylene glycol: pessimistic market sentiment

Thermal coal futures fell by the limit again, and there was pessimism in the market, which affected the spot price of ethylene glycol.
At present, the supply and demand side is stable, and the price of crude oil is high.
In view of this, the ethylene glycol market is expected to run weakly
.

Other raw materials are also dropping in price

Bisphenol A was quoted at 21,750 yuan/ton, down 883 yuan/ton on a daily basis
.

The price of isobutyraldehyde is 16,400 yuan/ton, down 700 yuan/ton per day
.

The aggregate price was 21,575 yuan/ton, a daily drop of 675 yuan/ton
.

The offer of liquid epoxy resin in East China is 36,000-36,500 yuan / ton in barrels, down 500 yuan / ton per day
.

The price of methanol was 3523.
33 yuan / ton, down 400 yuan / ton on a daily basis
.

The quotation of butyl acetate of Jiangsu Baichuan Chemical was 13,200 yuan/ton, down 300 yuan/ton per day
.

The price of propylene was 9,400 yuan/ton, down 250 yuan/ton on a daily basis
.

Styrene price 9575 yuan / ton, down 200 yuan / ton daily

The quotation of n-butanol in East China is 10,600 yuan/ton, down 200 yuan/ton per day
.

The price of neopentyl glycol was 19,300 yuan/ton, a daily drop of 200 yuan/ton
.

In South China, the factory price of acetic acid is about 7800-7900 yuan / ton, and the daily decline is 200 yuan / ton
.

Most raw material price hikes are over! The price will return to a reasonable range!

The collapse in thermal coal was not unexpected
.

Han Wengao, president of Economic Daily Press, pointed out that it is certain that the world (including China) will be accompanied by inflation in the economic recovery, and the price increase of ordinary raw materials in the future may end there
.

Judging from a series of actions such as the country's frequent actions to curb the unreasonable price increases of bulk commodities, it is expected that there is little hope for the overall rise of chemical raw materials in the next six months, and most products will gradually return to a reasonable range
.