Saudi oil refinery was bombed! 128 people died! The quotation of raw materials reached a new high, an increase of over 260%!

Saudi oil facilities were bombed! International crude oil rises!

On April 12, the Houthi armed forces in Yemen announced through the Masira TV station under their control that the Houthi armed forces launched 17 drones into Saudi territory on the same day, of which 10 drones were aimed at Saudi Arabia located in Jubail and Jeddah. The national oil company’s oil facilities were cracked down. In this regard, the Saudi side has not yet responded.

Affected by this news, the price of Brent crude oil futures stood at US$64.4/barrel, and the price of WTI crude oil futures stands at US$59.76/barrel. International oil prices rose slightly!

Raw materials have skyrocketed, with the highest increase of 260%!

In addition to the crude oil market and maritime freight, the chemical raw material market is also rising like a rainbow compared to last year! According to incomplete statistics, the prices of nearly one hundred plastic chemical raw materials have increased compared with the same period last year. Bisphenol A (258.77%) and butanediol (214.62%) have increased by more than 200% year-on-year.

PC increased by 71.42% year-on-year, PA66 increased by 117.96% year-on-year, PET increased by 21.84% year-on-year, and PVC increased by 62.72% year-on-year.

▶▶Bisphenol A: up 260% year-on-year!

On April 12, Lihua Yiweiyuan’s bisphenol A price was raised by 700 to RMB 28,500/ton, a year-on-year increase of 260%. The product is mainly supplied to long-term contract users, and the supply is reduced, and the spot is not available. Nanya Plastics bisphenol A plant suspended its offer, mainly supplying downstream Kunshan epoxy resin and long-term contract users.

At present, the major manufacturers of bisphenol A have confirmed the maintenance plan for 2021, and the maintenance time will range from 15 to 45 days. The 180,000-ton/year bisphenol A plant of Sinopec Mitsubishi Chemical Polycarbonate (Beijing) Co., Ltd. was shut down from April 10th to May 12th, which will lead to a sharp reduction in product supply, which will make it even worse for a market with imbalanced supply and demand. !

▶▶Butanediol: a year-on-year increase of 214.62%!

On April 12, butanediol was quoted at 29,700 CNY/ton, a year-on-year increase of 214.62%. At present, the price of butanediol continues to rise, and the market is following the rising sentiment. Some domestic manufacturers stopped for maintenance and suspended their quotations. It is expected that butanediol will continue to operate at a high level in the short term.

▶▶PA66: up 117.96% year-on-year!

On April 12, PA66 Henan Shenma EPR27H East China offered 42800-43200 CNY/ton, a year-on-year increase of 117.96%. The shortage of raw materials in the factory continues. This week, individual polymerization factories plan to overhaul, and the supply of slices is still tight. Traders are cautious in shipments and there are orders for negotiation. The downstream resists high prices and maintains just-needed purchases. The short-term supply and demand side game is deadlocked.

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▶▶PET: up 21.84% year-on-year!

On April 12, the price of PET water bottle grade in South China was 6,400-6650 CNY/ton, a year-on-year increase of 21.84%. There are still factors of instability in the situation in the Middle East. Vaccination in the United States is progressing smoothly, and international crude oil has stabilized and rebounded. The raw material end fluctuated in the night trading range, the polyester bottle flake terminal raw material consumption was slow, and short-term market trading continued to be light.

▶▶Ethylene: up 143.91% year-on-year!

Ethylene was quoted at RMB 7477.4/ton, a year-on-year increase of 143.91%. Affected by the rise in upstream crude oil prices, the ethylene market in the later period may be mainly up.

▶▶PVC: up 62.72% year-on-year!

On April 12, the price of PVC calcium carbide in southern China was 8808 CNY/ton, a year-on-year increase of 62.72%. The local downstream factories were cautiously watching, and the transaction volume did not increase yesterday. The night market bottomed out and the PVC market in Guangzhou is expected to be relatively stable today.

▶▶Pure benzene: a year-on-year increase of 144.53%!

On April 12, pure benzene was quoted at RMB 6,700/ton, a year-on-year increase of 144.53%. The pure benzene on the external market continued to rise, coupled with the low inventory of pure benzene in Shandong enterprises and good shipments, driving the price of pure benzene to rise again. Xinhai Petrochemical is temporarily not quoting.

Recently, there have been many black swans, Saudi oil installations have been bombed, ships have caught fire, coupled with the promotion of large companies and the continuous release of water in the market, it is difficult for the prices of raw materials not to rise! This incident is bound to cause delays in shipping schedules, and recently the East China Sea, Bohai Sea, South China Sea and other military exercises have been synchronized again, and ships are forbidden to enter! I hereby remind foreign trade and freight forwarders who have goods entering and leaving relevant sea areas in the near future, pay attention to relevant trends in time, maintain communication with shipping companies, and understand the situation of the goods and subsequent delays in shipping schedules!