Global prices for bulk chemicals such as polyurethanes

Founder Securities analyst analysts, December 12 -17, the world's bulk chemical prices generally reduced this week. The following is a week (December 12-17) review of chemical market conditions:

In terms of polyurethanes, new domestic aniline production capacity has been gradually put into use, and prices have been relatively weak; domestic pure MDI and polymerized MDI markets are dull; TDI prices have dropped slightly.

In petrochemicals, at the beginning of the week, crude oil prices on the New York Mercantile Exchange crossed the $90 mark per barrel and hit a two-year high. NYMEX's January WTI crude oil contract settled at $90.76 per barrel, which was October 2008. The highest level since. However, due to data released by the US government on Wednesday, the level of US fuel inventories rose more than expected last week, and the price of crude oil in the New York Mercantile Exchange fell. The prices of ethylene and propylene in the downstream major petrochemical products were kept within range.

In the case of chlor-alkali chemicals, under the circumstances that the downstream demand has not changed much, the inventory of domestic soda ash companies has increased significantly, prices have continued to fall, and the prices of PVC and caustic soda products have also dropped by a certain extent.

In terms of organic materials, methanol prices fluctuated this week.

In terms of chemical fiber, polyester staple fiber prices continued to decline slightly this week due to the continuous decline in prices of cotton and PTA.