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    Home > Chemicals Industry > China Chemical > Petroleum and chemical indices both surged

    Petroleum and chemical indices both surged

    • Last Update: 2022-11-03
    • Source: Internet
    • Author: User
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      Last week (June 6-10), affected by the European Central Bank's sudden hint of a plus-size interest rate hike and the US consumer price index inflation in May rose 1% month-on-month and 8.
    6% year-on-year, the Shanghai Stock Exchange last week.
    The Composite Index rose 2.
    8%, the Shenzhen Component Index rose 3.
    5%, the ChiNext Index rose 4%, the Science and Technology Innovation Board Index rose 2.
    22%, the Chemical Index rose 5.
    92%, and the Oil Index rose 6.
    91%

    .

      Crude oil, oil prices hit a recent record high
    .
    Saudi Arabia's official selling price of crude oil for supplies to Asia and Europe in July was up from the spread in June

    .
    U.
    S.
    Strategic Petroleum Reserve inventories fell to historic lows, while U.
    S.
    domestic gasoline demand continued to be strong

    .
    Affected by this, on June 10, the settlement price of the main futures contract of New York crude oil futures (WTI) was 120.
    67 US dollars / barrel, a month-on-month increase of 1.
    51%; the settlement price of the main futures contract of Brent crude oil futures (Brent) was 122.
    01 US dollars / barrel, Up 1.
    91% month-on-month

    .

      From the chemical spot market, the top five petrochemical products that rose last week were paraxylene up 18.
    53%, purified terephthalic acid up 13.
    99%, toluene up 13.
    17%, mixed aromatics up 10.
    97%, and xylene up 10.
    49%

    .
    The top five petrochemical products fell by 9.
    14% in liquid chlorine, 8.
    16% in acetic acid, 7.
    69% in vitamin B6, 5% in precipitated rubber compound, and 4.
    55% in difluorochloromethane (R22)

    .

      From the perspective of the capital market, the top five listed companies that rose last week were Guangju Energy, up 24.
    79%, Lianhong Xinke, up 24.
    4%, Xiangtan Electrochemical, up 24.
    22%, Yuxin Shares, up 23.
    51%, and Xinan Shares, up 23.
    3%

    .
    The top five listed companies with a decline were *ST Dewei down 62.
    71%, Daqing Huake down 11.
    53%, Linglong Tire down 9.
    99%, Tianlong shares down 9.
    7%, and *ST Chengxing down 8.
    46%

    .

      This week, the focus will be on the Fed's meeting on interest rates, which is expected to raise interest rates by 50 points, the Bank of England is expected to raise interest rates by 25 points, and China's May retail and investment data
    .
    In terms of investment, as the domestic epidemic gradually eases and the normalized prevention and control of the epidemic is carried out in an orderly manner, the impact of the epidemic on the economy will gradually weaken marginally

    .
    With the successive introduction of various policies to stabilize economic growth in various places, the national economy is expected to further accelerate its recovery.
    In the follow-up, we can pay attention to the sectors such as silicone DMC, chemical fiber, and photovoltaics, which have reversed at the bottom of the boom

    .

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