The chemical machinery index leads the petrochemical sector

Last week (October 24~28), the indices of the petroleum and chemical sectors were all negative
except for chemical machinery that closed positive for the third consecutive week.

In terms of chemical industry, the chemical and pharmaceutical index fell by 2.
43%, the chemical raw materials index fell by 5.
77%, the pesticide and fertilizer index fell by 5.
15%, and the chemical machinery index rose by 1.
76%; In terms of oil, the oil trade index fell by 5.
15%, the oil exploration index fell by 2.
34%, and the oil processing index fell by 2.
32%.

From the perspective of energy markets, Europe's ban on Russian crude oil may come into effect in December, and eurozone leaders are trying to find alternative suppliers before the onset of winter, and there are continuing concerns
about supply shortages.
In the week of October 15~21, the export volume of US crude oil surged to a record high, the total inventory of crude oil and petroleum products and gasoline inventories decreased, and the high level of the US dollar exchange rate fell, which played a certain driving and supporting role
in international oil prices.
On October 28, the main contract of light crude oil futures on the New York Mercantile Exchange for December settled at $87.
9 / barrel, up 3.
35% from the previous month; The ICE Brent crude oil delivery price in December was $96/barrel, up 3.
58%
month-on-month.

From the perspective of the chemical spot market, the top five petrochemical products that rose last week were sulfuric acid up 9.
16%, anhydrous hydrofluoric acid up 9.
09%, aluminum fluoride up 5.
56%, caprolactam up 4.
33%, and Brent crude oil up 3.
58%; The top five petrochemical products fell by 15.
53%, TDI by 11.
46%, polymerized MDI by 9.
09%, high hydrogen silicone oil by 8.
33% and natural gas by 8.
25%.

From the perspective of the capital market, the top five listed chemical companies in Shanghai and Shenzhen last week were Rongda Sensitization up 21.
26%, Tongcheng New Material up 18.
98%, Triangle Tire up 10.
58%, Jilin Chemical Fiber up 9.
95%, and Lanxiao Technology up 8.
4%; The top five listed chemical companies were Huitian New Materials down 28.
32%, Cangzhou Dahua down 22.
1%, Xiangfenghua down 18.
39%, Sanyu Technology down 18.
18%, and Puyang Huicheng down 18.
02%.

From this week, the capital market has 3 concerns
.
First, the Federal Open Market Committee (FOMC) met and is expected to raise interest rates by 75 points; the second is the Bank of England meeting; Third, the United States released non-farm payrolls data for October, as well as OPEC+ began to cut production, and Europe launched sanctions on Russian oil
.