Benzene universal resin -200, double ring (DC) hand paste resin -160, artificial stone/quartz stone resin -180, pultruded resin -210, winding structure layer resin -200, winding phlorobenzene lining resin -180, NPG molding resin -190, DPG molding resin -170. Raw material market prices are weak and downward, but there is huge uncertainty in international oil prices, and resin market prices are temporarily stable.
Last week was China's National Day holiday, international oil prices fell sharply, resulting in post-holiday UPR raw materials to follow down. However, on October 7, the Middle East war suddenly broke out, and it is uncertain how long this war can last and how many factions and countries will participate in it, so there is huge uncertainty in international oil prices, and the possibility of a short-term spike cannot be ruled out. Under such circumstances, the adjustment of the chemical market could be reversed at any time.
After the National Day, the UPR factories did not have many new orders, the production load was low, and some factories lowered the price, but most factories and downstream customers were in the wait-and-see. At present, the downstream customer inventory is sufficient, and the desire to buy is not strong for the time being, waiting for further clarity of the market. The core factor affecting the market this week is the impact of the Middle East war on international oil prices, if the impact is not large, the UPR market price will be slightly lower in the second half of this week; If the impact is large and upstream raw materials rebound sharply, the UPR price will maintain the status quo.
Source: Fulcrum wisdom service
