Analysis of the Wide Oscillation of Crude Oil Market in the Petroleum Resin Market

S & P downgraded the U.S. rating, triggered panic selling in the market, and the market capital was heavily prevalent in currencies such as gold, triggering a sharp decline in the prices of international crude oil and other commodities. In addition, according to data released by the Bureau of Statistics, in July 2011, the national consumer price level rose by 6.5% year-on-year, and the domestic economic inflation situation was severe, exacerbating market expectations. At present, the petroleum resin market lacks support from the end market, and the mainstream transaction price of the market continues to fall. The mainstream transaction price of the market fell from 17800-18800 yuan/ton in late June to the current 15300-16500 yuan/ton.

The recent crude oil shocks are wide, and market players are still cautious about operating their minds. The petroleum resin market is narrow and weak, and actual transactions are sparse. Most businesses are still waiting to see the market dynamics, mainly to digest inventory. The road marking paint market still needs the off-season as a whole. Downstream end-users purchase on-demand and there is a lack of market transactions. On the device side, Zibo Qilu Ethylene Luhua Chemical Co., Ltd.'s petroleum resin plant temporarily parked in early August and resumed driving on August 8. From the comparison chart of the export volume of petroleum resin in the past three years, it is not difficult to see that in the third quarter of the year, the export volume of the petroleum resin market tends to decrease month by month. As the US credit rating was lowered, some merchants expressed concern about the petroleum resin export market. Since China is still an export-oriented country, the turbulence in the international market will certainly have an impact on the domestic market. First, due to the impact of the US debt, the purchasing power of the United States has declined, and the world economy has slowed down, which will inevitably cause domestic exports to suffer setbacks, leading to a slowdown in market demand. Second, as domestic petroleum resin demand has maintained rapid growth in recent years, foreign businessmen’s attention on the domestic petroleum resin market is continuously rising, and Europe and the United States have a debt crisis and lack of prospective power. Foreign petroleum resins may further increase domestic exports. Will give a certain impact on the weak petroleum resin market.

Related products Rosin resin prices all the way down, the current mainstream 138 rosin glyceride (color 2-3, softening point 90 °C) quoted at 15200-16000 yuan / ton, 145 pentaerythritol ester (2-3 color, softening point 100 °C) The mainstream market price is between 15500-16300 yuan/ton, and the actual market price is slightly lower. The lack of good news from the upstream raw material rosin market boosted the recent market transaction prices continued to drop, the downstream demand was still relatively light, and the rosin resin dealers and foreign trade were also wait-and-see, taking the goods in poor condition. Looking at the market outlook, the off-season in the Yunnan market is not waning. The industry is concerned that the fat content of Yunnan will be affected in the later period. At the same time, the current price of rosin has fallen into the previous industry expectations, and the market sentiment is gradually rising. It is expected that the possibility of a substantial downgrade in the near future will weaken.

The downgrade of the US credit rating remains to be seen in the petroleum resin market. According to the traditional market laws, the export volume of petroleum resins in the third quarter will decrease month by month. Related products The rosin resin market drastically explored, adversely affecting the petroleum resin market, and some end-users re-launched rosin resin, which weakened the market demand for the petroleum resin market in the later period. It is expected that the petroleum resin market in the near future will continue to focus on negotiations.