Latest industry trends

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Latest industry trends

February 11, 2022

  The price of international crude oil in April was supported by tighter supply and the end of the high-level consolidation period of Europe and America crude oil futures tended to go down, which provided some positive support to the cost end of the chemical market. As a result, the price of some chemical products showed a strong upward trend during the month, however, many of them are accompanied by the supply-side tightening, and at present, the profit improvement of the downstream consumer industry is limited. Under the pressure of production costs, the cautious sentiment towards purchasing high-priced petrochemical raw materials still exists, therefore, the domestic chemical market in April showed mixed ups and downs of the operation of the shock finishing trend.

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