O-benzene universal resin 103, double ring (DC) hand paste resin 60, artificial stone / quartzite resin 50, pultrusion resin 60, winding structure layer resin 80, winding inter benzene lining resin 110, NPG molding resin 60, DPG molding resin 10. Crude oil prices soared, some raw material prices rebounded strongly, resin costs rose, and the market prices of some manufacturers increased by 100-200 yuan.
This week, the international oil price and chemical products market went out of a dramatic market. The previous collapse hit a new low. Influenced by the news of oil production reduction, the international oil price surged by more than 50% in two days at the weekend, which greatly boosted the mood of some chemical products market. With the rapid rise of liquid chemical products price, the trading volume of some varieties also increased dramatically. For this round of price rise, we are very cautious. It will take a hard game process to reduce oil production. At present, it is difficult to draw a conclusion about the final result. If the negotiation is successful, then the oil price can be further pushed up. If the negotiation fails, then the oil price is likely to plummet. Second, the fundamentals of the chemical industry market have not been fundamentally improved, just because the loss of the holders is too much, taking the opportunity to rebound to make up for some of the losses, while not excluding some of the holders taking the opportunity to cash out, while a considerable part of the volume is a foreign investment speculation, not the real improvement of the end market demand. Therefore, on the whole, this round of price rise, whether high or persistent, does not meet the basic conditions of market reversal.
Source: unsaturated resin Association
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