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    Home > Chemicals Industry > China Chemical > Soaring 4000% in two days!

    Soaring 4000% in two days!

    • Last Update: 2021-11-20
    • Source: Internet
    • Author: User
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    A good start! After the Spring Festival, the crude oil-chemical industry chain has climbed to the top! The first post-holiday "price increase" is the first shot!


    Multiple refineries closed! Crude oil soared and hit a new high in nearly 13 months!


    Due to the cold weather extending to southern Texas, the entire Texas can only implement alternate power outages to reduce electricity demand and avoid longer-lasting "catastrophic power outages.



    Motiva Enterprises, the largest oil refinery in North America, said it will close its Port Arthur oil refinery in Texas due to severe cold weather.



    Chevron Phillips Chemical Company reported that due to severe cold weather at the Pasadena, Texas plant, the company will prepare to shut down equipment.



    Onkyo stated that the crude oil pipeline on Line 59 was closed after a power outage.



    Saudi Aramco's Motiva Enterprises LLC will also cease operations of its oil refinery in Port Arthur, Texas.



    Marathon Petroleum's Galveston Bay refinery south of Houston was also temporarily closed due to weather problems.



    According to a report by Standard & Poor's Global Platts later on Tuesday, power outages caused several Texas refineries to close or reduce operations, with at least 2.



      Due to the extreme cold in the south, millions of barrels of oil refining capacity were suspended, and crude oil futures prices continued to climb.
    Crude oil exceeded $60, a refresh of the highest level since January 8 last year.


      "Overall" became popular! The chemical market is rising strongly!


      The chemical market also took advantage of the excitement of the Spring Festival and increased prices strongly.
    According to monitoring, from February 9th to February 20th, among the 64 chemical raw materials monitored, only 3 raw materials were reduced in price, 7 raw materials were stabilized, and all the remaining raw materials increased in price! Among them, DBP, octanol, n-butanol, DOP, butyl acetate, DOTP, BDO, isobutanol, butyl acrylate, phthalic anhydride and other raw materials increased by more than 20%.


      The crisis hits the supply chain! Chemical raw materials frequently hit new highs!


      The price of natural gas continues to skyrocket! Up to 4000%!


      The severe imbalance between supply and demand has pushed up natural gas and electricity prices because natural gas is the main fuel used by power plants in Texas.
    The state's grid operator expects that as people increase the use of heaters, electricity demand this year will surge to record levels.
    According to data compiled by foreign media, the average spot price of electricity in Texas on Saturday morning rose by more than 2400%, reaching more than US$4,200 per MWh; electricity prices in some areas have exceeded US$5,000 per MWh.
    For example, the average electricity price of the hub in western Texas is $5475.
    95 per megawatt hour, which is the highest record since 2010.


      Other states have also been hit.
    According to foreign media reports, gas prices in Oklahoma have risen by more than 4000% in two days over the weekend.
    It closed at $377.
    13 last Friday, but the opening price at the beginning of last week was less than $4.


      Propylene and ethylene industry chain is going crazy


      On February 19, a large-scale plant shutdown caused the prices of propylene and ethylene to hit new highs, and multiple cracking plants and three propane dehydrogenation plants were all shut down.
    The price of derivative polymers has not yet been greatly affected.
    However, the source predicts that the already tight supply before the frost will be tightened sharply due to the shutdown of the device, and the prices of polyethylene, polypropylene and polyvinyl chloride, which are already high, will rise further.


      Bisphenol A rose by RMB 6,700/ton! An increase of over 50%!


      In the new year, the epoxy resin industry chain continues to take off.
    Yesterday (19th), the offer of bisphenol A exceeded RMB 20,000/ton.
    Today (20th), the offer of bisphenol A rose strongly by 650 yuan/ton, and the offer has reached 21,000-21400 yuan/ton.
    It is raised by RMB 1,000/ton from the beginning of the month, and RMB 6,700/ton from the low value of this year, an increase of over 50%.


      Jump after the holiday! Lithium carbonate rose by 3,600 yuan/ton!


      18,72200/,3600/,5.
    25%。,,71500/,74000/。,,。


      3000/!


      18,41000/,3000/,7.
    89%。,,。,、。,,41000~45000/,36000~40000/,,。,2021。


      MDI2270/!


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    35/(2270/)。


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