Last Friday, OPEC and Russia talked about the crude oil production reduction plan, and staged the black swan again. Unlike last September, the black swan caused the crude oil to plummet.
| PVA 0599 (PVA BF05) |
As of 4 p.m. on March 9, WTI crude oil in April fell to around $30 / barrel, down more than 25%, and fell to $27.34/barrel at one time.
The sharp drop in crude oil has a strong negative effect on the domestic petrochemical market, with some chemical futures directly falling to a halt at the opening. Natural rubber also inevitably fell. As of the end of May, the contract of natural rubber fell to 10290 yuan / ton, down 5.90%.
Although the sharp decline of crude oil has a great negative pressure on commodities, on the one hand, it will take a certain time for the transmission of crude oil price to downstream chemicals; on the other hand, the current decline of crude oil price is too fast, which will lead to the sharp rise of crude oil with the adjustment of Saudi Arabia and other policies. Therefore, at present, the impact of crude oil on synthetic rubber is still in the short-term stage.
| PVA |
From the perspective of petrochemical manufacturers, at present, the factory price of domestic synthetic rubber is stable: the price of cis-1,4-polybutadiene rubber of CNPC Northeast sales company is stable, at present, the ex warehouse price of Daqing and Jinzhou cis-2 is 9800 yuan / ton; the price of emulsion polybutadiene rubber of CNPC Northeast sales company is stable, at present, the price of Jilin 1502 is 9800 yuan / ton, the price of northeast warehouse is increased; Fushun 1502 is 9800 yuan / ton, the price of northeast warehouse is increased; Lanzhou Petrochemical Co., Ltd The price of NBR is stable. At present, n41e reports 14000 yuan / ton, and 3305e reports 14500 yuan / ton.
From the market point of view, due to the impact of crude oil plummeting, the atmosphere of domestic synthetic rubber market is bleak, but the quotation still hasn’t been significantly reduced. Some traders have carefully lowered the price by 50-200 yuan / ton. According to the monitoring of the business agency, the main stream of Fushun 1502 is 9600 yuan / ton, the main stream of Jihua 1502 is 9800 yuan / ton, and the main stream of Qilu is 9850 yuan / ton; the main stream of Shunding and Daqing in Tianjin is 9850 yuan / ton Shunding mainstream newspaper 9700 yuan / ton.
| POLYVINYL ALCOHOL |