-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Global financial markets plummeted on March 9 after the failure to reach an agreement on a crude oil production cut agreement and the impact of the epidemic
.
On March 12, the scene reappeared
.
Crude oil prices affect the entire petrochemical industry chain
.
Upstream industry of chemical industry chain
Upstream industry of chemical industry chain
Upstream industry of chemical industry chain
Upstream industry of chemical industry chainThe drop in oil prices will have the most direct impact on upstream oil companies, bringing a short-term negative impact
.
In addition, falling oil prices will crowd out new energy consumption to a certain extent, which is not conducive to the new energy industry
.
For other industries, it is generally beneficial.
After all, lower oil prices can reduce the cost of energy consumption, especially the transportation industry and chemical production enterprises
.
Petroleum and petrochemical midstream and downstream industries
Petroleum and petrochemical midstream and downstream industries
Petroleum and petrochemical midstream and downstream industries
Petroleum and petrochemical midstream and downstream industriesFrom the perspective of the capital market, for downstream enterprises in the petrochemical industry chain led by refining and chemical enterprises, the cost will be greatly reduced, and industries such as plastics, rubber, tires, pesticides, fertilizers, and chemical fibers will directly benefit, which will help the expansion of these industries.
Production and lower product prices, but the degree of profitability improvement also depends on whether the industry has pricing power or not
.
Taking the plastics industry as an example, the raw materials are basic petrochemical products such as polyethylene, polypropylene, etc.
, and the cost of raw materials accounts for a large proportion of production costs, and changes in oil prices have a greater impact on them
.
With the drop in oil prices, the upstream and downstream industries of the oil industry will gradually increase commercial inventories in order to import lower-priced crude oil and benefit from lowering the cost of the entire industrial chain in the future
.
Shipping and logistics industry
Shipping and logistics industry
Shipping and logistics industry
Shipping and logistics industryCompared with the chemical industry's search for opportunities in crisis and against the current, the decline in crude oil prices is more "straightforward" for the shipping, logistics and other industries
.
According to the calculation of China Merchants Securities, taking 18 years of data as an example, whenever oil prices drop by 10%, the fuel costs of China Southern Airlines, Air China and China Eastern Airlines will be reduced by 4.
3/3.
8/3.
4 billion yuan respectively, accounting for about 3% of their respective operating costs
.
At the moment when the global sulphur limit order has just been implemented, the impact of oil price fluctuations on the shipping industry is greater than ever
.
The purchase of marine fuel oil has always accounted for the bulk of the cost of the shipping industry.
The sharp drop in oil prices can effectively reduce the purchase cost of ship owners, thereby increasing the company's profits.
The level directly affects the profits of shipping companies, which remains to be seen
.
Because the epidemic is causing the global supply chain to enter a financial crisis and even a credit crisis
.
The demand-side recession has become a medium and long-term trend, and prices are ultimately determined by supply and demand.
While the economy is weak in 2020, the overall capacity of container ships will increase significantly
.
The drop in international oil prices will inevitably lower the import and conversion costs of China's crude oil, resulting in a drop in the price of refined oil, which is undoubtedly a good thing for truck drivers
.
