In December 2006, affected by the slowdown in global economic growth and the overall oil price level in November, the price of domestic petrochemical products continued to fall slightly from high levels.
With international crude oil prices stabilized and stabilized at around US$60/bbl, some organic chemicals prices that continued to be strong during the early period began to “refillâ€, while the prices of synthetic resin and synthetic rubber products generally fell, and the domestic chemical market continued to show shocks. .
According to the statistics from the China Petroleum and Chemical Industry Association, of the 153 chemical products that were tracked in December 2006, prices fell by 80 in November, accounting for 52.3%, and 59 products increased by 38.6%; Compared with the same period, prices dropped and rose by 34.6% and 52.3% respectively. Although the prices of petroleum downstream products have fallen sharply in the past two months, the prices of most products are still higher than the same period of last year, and the crude oil prices are basically the same as the same period of last year. Therefore, the profitability of current petrochemical products is still at a relatively high level.
The market of inorganic chemical products was mixed, and the 29 products tracked up and down were quite similar. Inorganic acids generally fell, the inorganic alkali market was firm, and prices rose slightly. In December of last year, the sulphuric acid market entered the off-season. Affected by the slowdown in demand for phosphate and compound fertilizers and the declining start-up, the market demand has dropped, the sales pressure of enterprises has increased, and prices have continued to decline.
Organic chemical products showed a certain correction trend in the market fluctuations, and many benzene and alcohol products prices have declined. In December last year, the demand for toluene was relatively stable, but due to more market resources, prices continued to decline. The average market price was 7,650 yuan/ton, which was 6.2% lower than the previous month and 10.9% year-on-year. Xylene was affected by the high inventory of petrochemical companies and the weak market demand. The market slumped. The price was 9,000 yuan/ton in the current month, a decrease of 5.3% from the previous month. The prices of isopropyl alcohol, n-butanol, octanol, and ethylene glycol also fell in different ranges. The prices of methylene chloride, carbon tetrachloride, and acetic acid, which were relatively stable in the previous period, also declined. Some products are still relatively strong under the influence of high prices quoted in external disks, such as styrene, methanol, and PTA.
The trend of chemical fertilizer products is relatively stable, and the overall fluctuation of the market is relatively small due to entering the low season of comprehensive fertilizer use. With the gradual commencement of winter storage activities, the urea market stabilized and stabilized. In December, the average price was 1,755 yuan/ton, which was only 5 yuan/ton lower than the previous month, the smallest decline since the second half of the year. Prices in some regions even rebounded. Enterprise ex-factory prices began to increase. However, due to the overall oversupply of domestic nitrogen fertilizer resources, especially the high concentration of nitrogen fertilizer urea production growth is too fast, in the case of urea is not good, other low-concentration nitrogen fertilizer products in the off-season market trend, especially agricultural ammonium chloride, December The price dropped to 520 yuan/ton, a decrease of 10.3% compared with the previous period and a decrease of 33.3% year-on-year. The prices of phosphate fertilizer and compound fertilizer rebounded slightly, and imported potash decreased slightly.
At the end of last year, many companies had to catch up to complete their annual tasks. It is expected that the downstream demand for chemical products in the future will remain generally prosperous, and the prices may drop substantially; the chemical market will maintain the trend of shock consolidation due to repeated shocks in the crude oil market. The prices of some products that have been continuously adjusted in the past two months are expected to stabilize during the peak season for purchases before the holidays.
It is expected that there will not be major changes in the factors affecting petrochemical prices in the later period, and the prices of petrochemical products will remain basically stable. The fluctuation of oil prices in the international market will continue to be the direct cause of changes in petrochemical product prices. In January, the weather in the northern hemisphere will be even colder, heating oil will continue to rise, and oil demand may increase significantly in the short term, driving a certain range of oil price fluctuations. However, because heating oil accounts for only a portion of oil consumption, the increase in demand is not enough to fundamentally change the pace of global oil demand growth slowdown. Therefore, even if crude oil prices in the international market fluctuate, the volatility will not be too great. The international and domestic petrochemical product prices will generally be based on smooth operation.
With international crude oil prices stabilized and stabilized at around US$60/bbl, some organic chemicals prices that continued to be strong during the early period began to “refillâ€, while the prices of synthetic resin and synthetic rubber products generally fell, and the domestic chemical market continued to show shocks. .
According to the statistics from the China Petroleum and Chemical Industry Association, of the 153 chemical products that were tracked in December 2006, prices fell by 80 in November, accounting for 52.3%, and 59 products increased by 38.6%; Compared with the same period, prices dropped and rose by 34.6% and 52.3% respectively. Although the prices of petroleum downstream products have fallen sharply in the past two months, the prices of most products are still higher than the same period of last year, and the crude oil prices are basically the same as the same period of last year. Therefore, the profitability of current petrochemical products is still at a relatively high level.
The market of inorganic chemical products was mixed, and the 29 products tracked up and down were quite similar. Inorganic acids generally fell, the inorganic alkali market was firm, and prices rose slightly. In December of last year, the sulphuric acid market entered the off-season. Affected by the slowdown in demand for phosphate and compound fertilizers and the declining start-up, the market demand has dropped, the sales pressure of enterprises has increased, and prices have continued to decline.
Organic chemical products showed a certain correction trend in the market fluctuations, and many benzene and alcohol products prices have declined. In December last year, the demand for toluene was relatively stable, but due to more market resources, prices continued to decline. The average market price was 7,650 yuan/ton, which was 6.2% lower than the previous month and 10.9% year-on-year. Xylene was affected by the high inventory of petrochemical companies and the weak market demand. The market slumped. The price was 9,000 yuan/ton in the current month, a decrease of 5.3% from the previous month. The prices of isopropyl alcohol, n-butanol, octanol, and ethylene glycol also fell in different ranges. The prices of methylene chloride, carbon tetrachloride, and acetic acid, which were relatively stable in the previous period, also declined. Some products are still relatively strong under the influence of high prices quoted in external disks, such as styrene, methanol, and PTA.
The trend of chemical fertilizer products is relatively stable, and the overall fluctuation of the market is relatively small due to entering the low season of comprehensive fertilizer use. With the gradual commencement of winter storage activities, the urea market stabilized and stabilized. In December, the average price was 1,755 yuan/ton, which was only 5 yuan/ton lower than the previous month, the smallest decline since the second half of the year. Prices in some regions even rebounded. Enterprise ex-factory prices began to increase. However, due to the overall oversupply of domestic nitrogen fertilizer resources, especially the high concentration of nitrogen fertilizer urea production growth is too fast, in the case of urea is not good, other low-concentration nitrogen fertilizer products in the off-season market trend, especially agricultural ammonium chloride, December The price dropped to 520 yuan/ton, a decrease of 10.3% compared with the previous period and a decrease of 33.3% year-on-year. The prices of phosphate fertilizer and compound fertilizer rebounded slightly, and imported potash decreased slightly.
At the end of last year, many companies had to catch up to complete their annual tasks. It is expected that the downstream demand for chemical products in the future will remain generally prosperous, and the prices may drop substantially; the chemical market will maintain the trend of shock consolidation due to repeated shocks in the crude oil market. The prices of some products that have been continuously adjusted in the past two months are expected to stabilize during the peak season for purchases before the holidays.
It is expected that there will not be major changes in the factors affecting petrochemical prices in the later period, and the prices of petrochemical products will remain basically stable. The fluctuation of oil prices in the international market will continue to be the direct cause of changes in petrochemical product prices. In January, the weather in the northern hemisphere will be even colder, heating oil will continue to rise, and oil demand may increase significantly in the short term, driving a certain range of oil price fluctuations. However, because heating oil accounts for only a portion of oil consumption, the increase in demand is not enough to fundamentally change the pace of global oil demand growth slowdown. Therefore, even if crude oil prices in the international market fluctuate, the volatility will not be too great. The international and domestic petrochemical product prices will generally be based on smooth operation.
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