Benzene general purpose resin -110, double ring (DC) hand paste resin -90, artificial stone/quartz stone resin -130, pultruded resin -120, wound structure layer resin -130, wound M-benzene lining resin -120, NPG molding resin -90, DPG molding resin -180.
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, international oil prices fluctuated sharply with the process of the Palestinian-Israeli conflict, and chemical raw materials were weakened under the dual pressure of weak international oil prices and weak downstream demand. However, as Israel announced its imminent move into Gaza City to eliminate Hamas, and as reports of civilians killed in the conflict increased, more countries and international organizations voiced their opposition to Israel's move into Gaza, and several organizations and neighboring countries declared their support for Hamas against Israel. As a result, the Israeli-Palestinian conflict, initiated by Hamas, threatened to escalate further, sending oil prices soaring more than 5% at the end of last week. Due to the current Palestinian-Israeli conflict caused by the international oil price has a huge uncertainty, therefore, do not rule out this week's oil price volatility brought about by the chemical market changes.
Under the current circumstances, it is not as good as a quiet move, and it may be a more stable market strategy to stabilize the price and wait. From the UPR downstream market demand point of view, the inventory of raw materials of downstream customers can still support for some time, while the end market is still tepid, so the UPR market price is weak and stable.
(From: Pivot Smart Service)
