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On February 18 , due to the rapid increase in international oil prices and other factors, oil stocks in China's securities market opened up in the New Year of the Bull, and domestic energy and chemical commodity futures showed strong performance, and the chemical market also rose extensively after the holiday.
On February 18 , due to the rapid increase in international oil prices and other factors, oil stocks in China's securities market opened up in the New Year of the Bull, and domestic energy and chemical commodity futures showed strong performance, and the chemical market also rose extensively after the holiday.
In the capital market, as of the close of the Shanghai and Shenzhen stock markets on the 18th , Sinopec rose 7.
It is understood that 2 month 18 Asian trading hours barrel of Brent crude oil prices topped 65 dollars for the 2020 Nian 1 since January for the first time.
Rising crude oil prices will undoubtedly play a cost support role for industrial chain products.
The chemical market also ushered in a "good start" after the holiday, with quotations rising sharply.
In addition, the market price of n-butanol is raised by RMB 1500 / ton; the price of methyl acrylate in North China and East China is raised by RMB 700 / ton; the price of neopentyl glycol is raised by RMB 500 / ton.
Fundamentally, Texas is an important city for shale oil and gas production in the United States.
"As the main oil producing area of shale oil, the Permian Basin encountered a cold wave and the equipment was frozen, which caused difficulties in oil field production.
In addition, 2 month, OPEC cut production joint ministerial oversight committee said in a statement, will continue to maintain the production scale meeting decisions ; Saudi Arabia promised in 2 months and 3 during the month of additional production cuts 100 million barrels / day ; Russia 2 February incremental oil Due to the extreme cold weather, the expectation of the oil pipeline was not fulfilled, and some areas were even forced to interrupt pipeline oil delivery.
Goldman Sachs analysts believe that tight oil supply will help oil asset prices withstand the uncertainty of the financial market, and Brent crude oil prices are expected to reach US$ 65 / barrel in July .
According to industry insiders, the temperature is far below normal for a long time, which will cause the tightness of coal, natural gas and electricity supply to reach the limit.
Under transmission, the chemical industry will be the first to be affected.
In the beginning of 2021 , the chemical industry swept away the haze of 2020 and began to counteract price increases.
After the year, the " energy crisis " caused by the cold wave was superimposed .
It is expected that the price increase of chemical products this year will become the main theme and gradually extend to the downstream.
Or it will cause an upward trend in many industries.