55 kinds of products rose chemical products showed a high overall upward pattern

February 23, 2023

Chemical Products are rising across the board. A total of 55 products rose this week, 21 products were unchanged and only 4 products fell. The larger varieties are mainly concentrated in soda ash, chlor-alkali, phosphorus * silicon products, rubber, polyurethane and Chemical fiber Chemical Industry products. There are 22 kinds of products that have increased more than 5% this week, the largest increase is butadiene rubber, the latest price is 26,800 yuan/ton, a weekly increase of 11.94%. In addition, acetic acid, alcohol and natural rubber prices increased by more than 10%. It is down no more than 5% for the week. The price of chemical products rose across the board. A total of 55 products rose this week, 21 products were unchanged and only 4 products fell. The larger varieties are mainly concentrated in soda ash, chlor-alkali, phosphorus * silicon products, rubber, polyurethane and chemical fiber products. There are 22 kinds of products that have increased more than 5% this week, the largest increase is butadiene rubber, the latest price is 26,800 yuan/ton, a weekly increase of 11.94%. In addition, acetic acid, alcohol and natural rubber prices increased by more than 10%. It is down no more than 5% for the week.

In our view, the depreciation of the US dollar has led to new highs in commodity prices, raising concerns about global inflation. On the other hand, oil prices continue to break above $85, there is greater technical pressure. At the same time, economic fundamentals do not support a sustained rise in oil prices.

Chemical products rising information