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Home > News > Valuable News > Chemical Industry and Petroleum Index Rise and Drop Mutually

Chemical Industry and Petroleum Index Rise and Drop Mutually

ECHEMI 2019-09-03

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Last week, the main index ended its adjustment after the Trump government delayed imposing a 10% tariff on certain Chinese products, including laptops and mobile phones, scheduled to start next month. The Shanghai Stock Exchange Index rose 1.77%, the Shenzhen Stock Exchange Index rose 3.02%, the medium and small editions index rose 3.98%, and the GEM index rose 4.00%. Among them, the chemical sector index ended four consecutive weeks of decline and rose by 1.60%, while the oil sector index fell by 0.58% for the fifth consecutive week due to the unexpected increase in commercial crude oil inventories in the United States.

Last week, the top five prices of petrochemical products were international diesel, ethylene, pure benzene, xylene and naphtha, while the top five prices were PX, fuel oil, nylon POY, nylon FDY and viscose staple. The top five prices of chemical products are liquid chlorine, FORMALDEHYDE, synthetic ammonia, coke and ammonium chloride (agricultural wetness); the top five prices are epichlorohydrin, sulfuric acid, hydrochloric acid, phosphoric acid and phosphate ore.

In terms of stocks, the top five weekly gains were: Carbon Metal Technology (41.00%), Zhongshi Technology (24.40%), Jiuding New Materials (18.40%), Zhongxin Fluorine Materials (16.40%) and Watt Stock (15.00%); the top five declines were: Asian Bond Stock (-11.80%), National Science and Technology (-10.50%), Huading Stock (-7.20%), BongBiology (-6.50%) and Zhaoxin Stock.(- 6.40%.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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