Under the current economic situation, what is the market for major chemicals?

WTI oil prices continue to fluctuate around US$40. OPEC intends to continue to reduce production to support oil prices. The development of the global epidemic has put greater pressure on the economy, and crude oil demand is expected to be weak. However, the medium- and long-term trend of oil price development towards the range of 50-60 US dollars will not change.

The two parties in the United States continued to wrestle over the amount of aid to the epidemic. The market reacted to the large release of the US currency and the dollar index fell. The RMB exchange rate has continued to rise sharply in recent days.

The development of the global epidemic has intensified again in populous countries such as the United States, India, and Brazil. On the other hand, the time for vaccines to be put on the market is approaching. At present, the winter in the northern hemisphere is approaching and the pressure to fight the epidemic is increasing. China has joined the unified vaccine organization composed of more than 170 countries.

The reform of state-owned enterprises is followed by a new policy, allowing the integration and acquisition of state-owned enterprises and private enterprises, without setting boundaries. State-owned enterprises are classified into business one, business two and public welfare.

Yi Gang said that it is necessary to scientifically grasp the intensity of monetary policy in accordance with changes in the economic and financial situation, not only to maintain a reasonable and sufficient liquidity, and to promote a reasonable growth of money supply and social financing, but also resolutely not to engage in "overflowing" to keep the economy at potential Near the output, reducing economic fluctuations. Following price stability and financial stability, linking monetary policy to "potential output" is a new phenomenon that implies an important signal of the direction of monetary policy.

Fan Yifei pointed out that China-US relations are complex and severe, and there are huge risks to the security of the information technology supply chain. Extreme circumstances will seriously affect the stable operation of my country's financial network and information system.

KPMG and Alibaba Research Institute jointly released the "Live E-commerce Toward a Trillion-Billion Market" report. Experts have judged that the overall scale of live e-commerce will reach RMB 1,050 billion this year.

The central bank did not carry out reverse repurchase operations and achieved a net return of 60 billion yuan. Last Saturday, the Shanghai Interbank Offered Rate (Shibor) dropped 41 basis points overnight to 1.628%; the 7-day Shibor fell 14.5 basis points to 2.029%; the 14-day Shibor fell 42.4 basis points to 2.054%.

Some chemical products market forecast:

1. Overhaul or shutdown of methanol foreign installations, and supply is tight. Inventories in the main domestic ports have fallen; inventory in northern production areas is low. The demand after the holiday is acceptable. This week, the methanol market has oscillated and strengthened.

2. Forecast: PVC manufacturers have good shipments before the holiday, but the inventory is not high. There will be replenishment demand in the market after the holiday. Taking into account the relatively good market sentiment such as oil prices, it is expected that the post-holiday market may rise first and then be sorted out.

3. Forecast: During the holiday season, the external market of toluene and xylene will rise. Affected by this, it is expected that the domestic market for toluene and xylene will open slightly higher after the holiday.

4. Forecast: Pre-holiday acrylic and ester market is firm. At present, some devices are under maintenance, and the overall operating rate is about 50%. Downstream resumption of work after the holiday, there is a demand for replenishment. It is expected that acrylic and ester manufacturers will continue to hold up prices, and the spot market will be strong.

5. Forecast: The maleic anhydride market begins to fall sharply before the holiday, and manufacturers are willing to ship goods, but the downstream is cautious in receiving goods. It is difficult to release downstream demand after the holiday, and the spot market is expected to continue to weaken.

6. Although the downstream purchasing enthusiasm is general, the spot supply level is tight. It is estimated that the acetone market may operate strongly in the short term.

7. The supply has been reduced, but the cost support is not strong. It is estimated that the short-term growth of the phenol market may be limited.

8. The low inventory of factories and the support of the cost of the naphthalene method, it is estimated that the phthalic anhydride market may easily rise but never fall in the short term. Pay attention to the demand follow-up.

9. The cost is strong, coupled with the lack of own goods, it is estimated that the DOP market may be stronger in the short term.

10. With strong cost support and tight spot supply, it is estimated that the short-term rise in the MMA market will be the main tone.

11. Some installations are shut down for maintenance and the downstream demand performance is acceptable. It is estimated that the PTA spot market may fluctuate and rebound in the short term.

12. The staged performance of the tradable spot has tightened, but the cost support is not strong, and the downstream demand is rational, it is estimated that the short-term upside of the styrene market may be limited.

13. The listing price of Sinopec has been lowered, and the pure benzene market was once weak. However, with the rebound of downstream products, it is estimated that the market will be consolidated in the short term, focusing on the trend of crude oil.

14. Guidance for the uptrend of futures, the natural rubber spot market will open up space in the near future. If there is no significant negative impact, it is estimated that the natural rubber spot will be more volatile in the future.

15. Last week, the domestic acetic acid market was temporarily stable and wait-and-see. Most factories maintain low inventory, and downstream inventory replenishment needs, but the industry operating rate is high, the supply of goods is not tight, it is expected that the market is stable this week, there is a greater possibility of rising.

16. The domestic butanone market rose within a narrow range last week. At present, there is no pressure on the inventory of butanone merchants, and a small amount of downstream replenishment after the holiday, but the overall demand is general, it is expected that the market will fluctuate within a narrow range this week.

17. The focus of the domestic ethylene glycol market has risen for a few days after the holiday last week. The trend of international crude oil is strong; port inventories have fallen broadly; downstream and terminal demand have performed well, but the launch of new domestic equipment has a greater impact on the supply side, and the domestic and international epidemic situation still needs to be treated with caution. It is expected that the market will fluctuate and be warmer this week.

18. The domestic diethylene glycol market rose within a narrow range for a few days after the holiday last week. The trend of international crude oil is strong; port inventories continue to accumulate; new production capacity devices are put into production, and the supply is still loose; the downstream resin industry is under low start and insufficient support. It is expected that the market range will fluctuate this week.

19. The trend of international crude oil is relatively strong; under the support of the golden, nine, and tenth peak seasons, downstream orders are good, but there is a lot of resistance to high-priced sources in the downstream, and during the National Day holiday, petrochemical stocks are accumulated and oversupply contradictions are highlighted. It is possible, but the range is limited.

20. The trend of international crude oil is relatively strong; some manufacturers are more enthusiastic about autumn inspections after the holiday, and the supply of market sources is expected to decrease; petrochemical destocking speeds up; downstream rigid demand is acceptable, but there is still resistance to high-priced sources. In summary, it is expected that the PP market will continue to rise this week.