Crude Oil Supports Organic Plates Strongly

Affected by the rebound in international oil prices, the domestic chemical market rebounded slightly in the first week of February. The price monitoring of business clubs showed that the chemical industry index rose from 721 points at the beginning of the week to 722 points, indicating that the chemical market has basically stabilized since late January. Among the 116 chemical products monitored by the business community, the top 19 rose by more than 1% a week, and all of them were organic chemical products. Zhang Ming, the chief analyst of the business community chemical industry, believes that it is expected that organic chemical products will continue to have a strong upward trend in the next two weeks.

Since February, international crude oil prices have strongly countered, with WTI crude oil prices rising to about 51.40 USD/bbl on Friday. Under the background that the industry is generally bearish on the trend of crude oil in 2015, the rebound in international oil prices has stimulated the nerves of the market. Domestic manufacturers and distributors have taken advantage of speculation, and organic chemical products have rebounded sharply.

According to the data, among the commodity companies' commodity prices, the chemicals sector saw a total of 33 kinds of goods, including three kinds of commodities, which rose by more than 5%, and accounted for 2.6% of the monitored commodities; the top 3 products increased. They were **** (10.26%), propylene (East China) (8.96%), and propane (5.31%).

However, some products are affected by the dealer's attitude of reluctant sellers, which showed a sharp rise last week and there is no market for prices. for example. Last week, the domestic market for ** was showing upward trend, and the atmosphere of negotiation was acceptable. International crude oil roller coaster-type shock consolidation, causing some industry concerns, ** external disk prices rose sharply at the beginning of the week, but the Asian ** on Thursday fell sharply, slightly rising speculation.

Zhang Ming believes that the listing price of Sinopec's refineries rose, and the operating attitude of the stockholders persisted. Nearing the Spring Festival, as the transport fleet continued to leave the city, user purchases became more difficult, and the overall transaction atmosphere was fair.

Taken together, Zhang Ming believes that as the Spring Festival holiday is approaching, most downstream manufacturers will continue to park due to next week. It is expected that in the next two weeks, more products will enter the market without price, and some upstream products may even Therefore, there will be continued downward trend, but organic chemical products continue to have a strong upward trend.