In April, due to fluctuations in oil prices in the international market and the “May 1st†holiday holiday, the prices of major petrochemical products in the country have risen and dropped, which is basically the same as last month. It is expected that the price of petrochemical products will continue to remain stable at a high level in the later period, and prices of different products will still rise and fall.
In early April, affected by the increase in oil prices in the international market in the previous period, the prices of major petrochemical products in China continued to rise in late March and rose slightly overall. Among them, the average price of polyethylene in early April was 13,079 yuan (t price, the same below), up 1.48% from the end of March; the average price of polypropylene was 1,1994 yuan, 0.44% higher than that in late March; the average price of polyvinyl chloride was 7090 yuan. , rose 0.58% from the end of March.
However, following the release of the British navy soldiers detained by Iran, the tense situation in the Middle East has eased, and with the increase in US oil business inventories, oil prices in the international market have rapidly declined, and the prices of major petrochemical products such as polyethylene and polypropylene have also dropped. In mid-April, the average price of polyethylene was 1,033 yuan, a decrease of 0.2% from the previous month; the average price of polypropylene was 11,896 yuan, a decrease of 0.82% from the previous month.
In late April, although the international market oil prices rose due to speculative funds speculating on Nigeria’s riots and US gasoline inventories continued to decline, reaching the highest value since September last year. However, due to the arrival of the “May 1st†holiday in China, the market has a thicker wait-and-see atmosphere. The prices of major petrochemical products such as polyethylene and polypropylene have not risen with the price of oil, but have continued to decline slightly.
Unlike polyethylene and polypropylene, due to strong downstream demand and relatively tight supply, the fact that prices of polyester chips reversed from the previous period in April continued to rise. In late April, the average price of polyester chips in 36 large and medium-sized cities was 11,112 yuan, up 0.78% from the previous month.
Comprehensive price changes of major petrochemical products throughout the month, the average price of polyethylene in April was 13025 yuan, up by 0.91% from the previous month and up by 12.1% year-on-year; the average price of polypropylene was 11,910 yuan, a decrease of 1.72% from the previous month and a 5.04% year-on-year increase; The average price of ethylene was 7,163 yuan, up 1.44% month-on-month and 2.15% year-on-year; the average price of polyester chips was 1,1080 yuan, a month-on-month decrease of 1.38%, an increase of 4.93% year-on-year; the average price of butadiene rubber was 17,349 yuan, up 0.59% month-on-month. It rose 9.98% year-on-year.
It is expected that the price of major petrochemical products will remain stable at a high level in the later period, and prices of different products will still rise or fall.
First, the economic situation of major oil-consuming countries and regions is relatively good, which will enable international oil prices to continue to operate at high levels and will have a supporting role in the price of petrochemical products. Although the United States experienced a deceleration in economic growth in the first quarter of this year, research institutions generally believe that the U.S. economy should continue to grow at a moderate pace in the future; the European Commission has also recently raised the forecast for economic growth in Europe as a whole and that the euro zone will achieve 2.6% in 2007. The growth is 0.2 percentage points higher than the previous forecast. The economic growth in developing countries in Asia is also very rapid. The demand for oil will continue to increase, oil prices will remain at a relatively high level, and it will have a supportive role in the price of petrochemical products.
Second, the continuous expansion of the scale of production in the downstream industries also has a decisive effect on the demand and price of petrochemical products. According to statistics, in the first quarter, China's fixed-asset investment in the chemical fiber manufacturing, rubber products, and plastic products industries increased by 68.7%, 40.4%, and 49.0%, respectively. At the same time, chemical fiber production increased by 16.9% year-on-year, an increase of 8.9 percentage points over the same period of last year; tire tire output increased by 19.1% year-on-year, an increase of 1.5% over the same period of last year; plastics production increased by 12.6% year-on-year, although the increase was lower than the same period of last year 6.9 percentage points, but also maintained a rapid growth rate. This will support and promote the future price of petrochemical products.
The third is that during April and May, petrochemical enterprises are undergoing a period of centralized inspections. Some petrochemical product output and inventory will be affected to a certain extent, which will increase the price increase and the expectation of enterprises and petrochemical product distributors, thus increasing the prices of some petrochemical products. However, the prices of some products with too fast growth and oversupply will continue to decline. However, due to the basic balance of supply and demand of domestic petrochemical products, the price increase or decrease will not be too large.
In early April, affected by the increase in oil prices in the international market in the previous period, the prices of major petrochemical products in China continued to rise in late March and rose slightly overall. Among them, the average price of polyethylene in early April was 13,079 yuan (t price, the same below), up 1.48% from the end of March; the average price of polypropylene was 1,1994 yuan, 0.44% higher than that in late March; the average price of polyvinyl chloride was 7090 yuan. , rose 0.58% from the end of March.
However, following the release of the British navy soldiers detained by Iran, the tense situation in the Middle East has eased, and with the increase in US oil business inventories, oil prices in the international market have rapidly declined, and the prices of major petrochemical products such as polyethylene and polypropylene have also dropped. In mid-April, the average price of polyethylene was 1,033 yuan, a decrease of 0.2% from the previous month; the average price of polypropylene was 11,896 yuan, a decrease of 0.82% from the previous month.
In late April, although the international market oil prices rose due to speculative funds speculating on Nigeria’s riots and US gasoline inventories continued to decline, reaching the highest value since September last year. However, due to the arrival of the “May 1st†holiday in China, the market has a thicker wait-and-see atmosphere. The prices of major petrochemical products such as polyethylene and polypropylene have not risen with the price of oil, but have continued to decline slightly.
Unlike polyethylene and polypropylene, due to strong downstream demand and relatively tight supply, the fact that prices of polyester chips reversed from the previous period in April continued to rise. In late April, the average price of polyester chips in 36 large and medium-sized cities was 11,112 yuan, up 0.78% from the previous month.
Comprehensive price changes of major petrochemical products throughout the month, the average price of polyethylene in April was 13025 yuan, up by 0.91% from the previous month and up by 12.1% year-on-year; the average price of polypropylene was 11,910 yuan, a decrease of 1.72% from the previous month and a 5.04% year-on-year increase; The average price of ethylene was 7,163 yuan, up 1.44% month-on-month and 2.15% year-on-year; the average price of polyester chips was 1,1080 yuan, a month-on-month decrease of 1.38%, an increase of 4.93% year-on-year; the average price of butadiene rubber was 17,349 yuan, up 0.59% month-on-month. It rose 9.98% year-on-year.
It is expected that the price of major petrochemical products will remain stable at a high level in the later period, and prices of different products will still rise or fall.
First, the economic situation of major oil-consuming countries and regions is relatively good, which will enable international oil prices to continue to operate at high levels and will have a supporting role in the price of petrochemical products. Although the United States experienced a deceleration in economic growth in the first quarter of this year, research institutions generally believe that the U.S. economy should continue to grow at a moderate pace in the future; the European Commission has also recently raised the forecast for economic growth in Europe as a whole and that the euro zone will achieve 2.6% in 2007. The growth is 0.2 percentage points higher than the previous forecast. The economic growth in developing countries in Asia is also very rapid. The demand for oil will continue to increase, oil prices will remain at a relatively high level, and it will have a supportive role in the price of petrochemical products.
Second, the continuous expansion of the scale of production in the downstream industries also has a decisive effect on the demand and price of petrochemical products. According to statistics, in the first quarter, China's fixed-asset investment in the chemical fiber manufacturing, rubber products, and plastic products industries increased by 68.7%, 40.4%, and 49.0%, respectively. At the same time, chemical fiber production increased by 16.9% year-on-year, an increase of 8.9 percentage points over the same period of last year; tire tire output increased by 19.1% year-on-year, an increase of 1.5% over the same period of last year; plastics production increased by 12.6% year-on-year, although the increase was lower than the same period of last year 6.9 percentage points, but also maintained a rapid growth rate. This will support and promote the future price of petrochemical products.
The third is that during April and May, petrochemical enterprises are undergoing a period of centralized inspections. Some petrochemical product output and inventory will be affected to a certain extent, which will increase the price increase and the expectation of enterprises and petrochemical product distributors, thus increasing the prices of some petrochemical products. However, the prices of some products with too fast growth and oversupply will continue to decline. However, due to the basic balance of supply and demand of domestic petrochemical products, the price increase or decrease will not be too large.
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