The petrochemical market continues to be weak. The energy market was cold and the wait-and-see sentiment was relatively strong. Only 380CST and 180CST products showed slight increase. The chemical market was affected by the decline in international crude oil prices. The price increase products accounted for only 25% of the total number of monitored products, among which hydrochloric acid was 3.43%. The gains led the gains, liquid chlorine fell 11.24% led decline; rubber and plastic market is still low consolidation, only SBS rose. Analysts believe that the decline in natural rubber prices is due to continued growth in supply and demand continues to slump, prices may continue to fall back next week, but the decline is not large, rubber production companies may be affected, and tires and rubber products and other business cost pressures will be eased. The entire petrochemical market continued to weaken, and the prices of most products declined. The 100 petrochemical products monitored by the business community show that prices for this week’s week’s price increase accounted for 20%, a steady 40%, and prices fell by 40%. Judging from the chemical market, among the 68 major chemical products, 17 products have risen, accounting for 25% of the monitored varieties. Hydrochloric acid led the chemical market with a weekly gain of 3.43%, while bromine and PTFE dispersion resins rose by 2.58% and 1.68% respectively from last week, ranking second and third in the chemical industry. There were 27 kinds of falling products, accounting for 39.71% of the monitored varieties. The top three products that accounted for the decline were: liquid chlorine, which fell 11.24% on weekdays; MTBE, which fell 6.70% on weekdays; coal tars, which fell by 4.34% on the week. The weakness in the chemical market is mainly related to the decline in international crude oil prices. It is understood that international crude oil prices have fallen to a low of around US$92/barrel by Friday, which has had a direct cost negative effect on some products and also affected the mentality of market participants. In addition, the low price dumping of imported goods has also affected the market sentiment. For example, low-cost imports of chloroform gradually reduce the price level in the domestic market. At the same time, the imbalance between supply and demand also caused short-term increases in the prices of some products. For example, the price of glacial acetic acid rebounded slightly in the case of a BP unit installation in the UK, domestic Yankuang, and Shunda maintenance. Zhang Ming, president of the branch of the chemical branch of the business club, believes that since the beginning of June, the domestic chemical market has undergone a deep consolidation and part of the industry chain has gradually reached a new balance. This type of industrial chain uses “fluorite-hydrofluoric acid-fluorination. Salt is the representative; some industrial chains will enter a strong rebound phase due to the early stage of individual links. This type of industrial chain is represented by “Brown Bromine-Bromide-Intermediate/Flame Retardantâ€; part of the industry chain The unfavorable support of the source chain was also affected by the weakening of demand and it has just entered the depth adjustment. This type of industrial chain is represented by “pure benzene-aniline-MDIâ€. In general, June is an important time for the domestic chemical market to lay the tone for the second half of the year. The promising products in the medium and long term are: bromine, fluorspar, refrigerants, acetic acid, and hydrofluoric acid. The energy market is still not ideal this week. The market is light and wait-and-see mood is strong. Of the 12 products observed by the business community, only 380CST and 180CST rose slightly, and the increase was less than 1%. Methanol gasoline is tepid and dimethyl ether is weak. Although liquefied gas may recover in the short term, the long-term weakness will adjust. Due to the weakening of demand, methanol continued to fall, coke was operating weakly, and the fundamentals were weak. In the past two months, the star product of the energy market, thermal coal, under the influence of hydropower, has cooled, stabilized, and stabilized. In the later period, as the contradiction between supply and demand in the domestic thermal coal market has further eased, the thermal coal price will stabilize at a high level. The rubber and plastics market is still in a low consolidation. Among the 20 products, the rising product is only SBS, which is an increase of 2.47%; the falling products account for 50% of the total number of monitoring products, among which natural rubber, PET, and PS rank before the decline. Third, the declines were 3.49%, 1.57%, and 0.86% respectively. Xue Jinlei, an analyst at the business club's rubber and plastics division, believes that the bottoming process of the rubber and plastics market is still not completed. The bad season of traditional consumption and policies, such as negative factors, will make it difficult for the market to get out of its predicament. The entire rubber and plastics industry chain is facing a shrinking profit. . Liu Xintian, senior manager of the petrochemical industry and editor-in-chief of the business community, said that the entire petrochemical market showed a weak downturn. After undergoing nearly two months of consolidation and the trend of “divergence†in the past month, the petrochemical market has entered a de facto "off season" - both upstream and downstream are not "excited." The plunge of the originally strong crude oil on Thursday should not be simply attributed to the IEA's release of reserves, but should be seen as a failure correction of the downstream price game. In late May Liu Xintian had predicted that if crude oil remained high, plastic products represented by polyethylene would rebound. However, in June, polyethylene almost always fluctuate within a narrow range of 10,200 yuan/ton, neither rebounding nor dropping. Downstream is difficult to rise, only the upstream callback, the so-called crude oil plunge from the petrochemical perspective is reasonable. For the market outlook, there are few bullish factors in the short term. If crude oil continues to fall, it does not rule out that the petrochemical market will continue to decline overall. Natural rubber prices continued to drop four companies cost pressure relief From June 20 to 24, the spot price of domestic natural rubber fell by a large margin. The early week price in East China was around 35,900 yuan per ton, and the weekend price was only around 34,600 yuan per ton. This week it was over 3.4%, up about 44% from the same period last year. At the beginning of this week, the spot price of natural rubber fell slightly compared with 36,000 yuan/ton at the end of last week, but it was also within the range of slight fluctuations. With the increase in supply in the Asian market, the natural rubber futures market fell, and spot prices subsequently fell. After the recurrence of an earthquake in Japan this week, worries about demand increased the decline. The domestic spot price fell by more than 1,250 yuan per ton per week, which began to drop sharply by about 1,000 yuan per ton from Wednesday, showing a sharp downward trend. From the demand point of view, the domestic downstream demand situation continued to be sluggish this week, with some traders intending to increase shipments and selling at low prices. Some traders resisted low prices and waited and watched for the time being. At the same time, this week, the performance of synthetic rubber was defensive, with styrene butadiene, butadiene and nitrile rubber basically stable, and some synthetic rubber prices have risen. According to Chen Zhihua, an analyst at the business club's rubber and plastics division, the natural rubber spot experienced a long period of steady growth and this week saw a deep correction. This was mainly due to the increase in supply and continued sluggish demand. In the absence of other long-shortage factors, It is expected that the spot price of natural rubber may continue to fall back next week, but the decline is not significant. According to relevant information, currently 80% of rubber is used in the manufacture of automobile tires, and the remaining 20% ​​is used in gloves and other rubber products. In the A-share market, Hainan Rubber and Sinochem International all produce natural rubber. Sinochem International's subsidiary GMG has a processing and sales capacity of 110,000 tons. Orient Securities predicts that the company will rely on GMG's natural rubber imports in the future. Reached more than 400,000 tons. Hainan Rubber has 3.53 million mu of rubber forest with an annual processing capacity of 320,000 tons. If the price of rubber continues to decline, the above two companies may have a certain profitability. The cost pressure on tires and rubber products has been eased. Relevant listed companies include Aeolus, Baotong Belt, Qingdao Double Star, and Qianxue. Aeolus shares have obvious price elasticity for natural rubber. Xingye Securities pointed out that the company's purchase of natural rubber is not uniform, and the purchase time and quantity are mainly determined based on the judgment of the natural rubber price trend. Under normal circumstances, the difference between the company's natural rubber procurement time point and the use time point is about two months. It is expected that the company's natural rubber used in the second quarter will be mainly purchased in the first quarter, and natural rubber used in the first quarter will be mainly purchased last year. The import price of rubber in the first quarter was much higher than that in the fourth quarter of last year, so the gross profit margin will decline in the second quarter. The current fall in natural rubber prices has a greater positive impact on profitability in the third and fourth quarters. Bushing Sleeve,Hydraulic Valve Sleeve Bush,Hydraulic Bushing Sleeve,Stainless Steel Bushing Sleeve Ningbo MHC Machinery CO LTD , https://www.mhcvacuumparts.com