The strong rebound in the petrochemical industry in January and February failed to continue in March. According to the data obtained by the reporter from the Business Club, among the 68 chemical products monitored, 34 products rose last month, accounting for 50% of the monitored products; 8 products held steady at the price, accounting for 11.8%; 26 products declined. , accounting for 38.2%. The industry believes that with the drop in oil prices, the outlook for the petrochemical market outlook is not optimistic.

Although the number of rising households still exceeded the number of declines, there were only 8 varieties that rose more than 3% in the previous month. In contrast, there were 13 species that had a monthly decline of more than 3%.

The list shows that the top five gainers last month were: hydrochloric acid, a monthly increase of 8.70%; sulfur, a monthly increase of 5.78%; trichloroethylene, a monthly increase of 5.15%; propane, a monthly increase of 4.71%; acetone, a monthly increase of 4.35%. The top five are: hexafluoropropylene, down 12.5%; polysilicon, down 12.06%; epichlorohydrin, down 10.07%; ethylene glycol, a monthly drop of 9.01%; propylene oxide, a monthly decrease of 8.13%.

From the data, we can see that the impact of rising oil prices on the energy sector in the early period is obvious, but the impact on the trend of most petrochemical products is limited. Taking LLDPE as an example, crude oil has risen nearly 15% in the six months since the beginning of September 2011, while LLDPE has only gained about 2%. The difference between the two is nearly 13%. Taking PTA as an example, since the beginning of September 2011, crude oil has risen by nearly 15%, while PTA has dropped by about 13%. The difference between the two prices has risen by nearly 28%.

"Downturn in demand for petrochemical products is caused by the downstream petrochemical products can not be synchronized with the main reason for crude oil, the majority of petrochemical companies, including PetroChina, Sinopec, including the recently are different degrees of loss. March crude oil lower, which is the domestic petrochemical enterprise is good news , Can partially reduce the pressure of rising costs. But the fall in oil prices also makes the fuel cost of the fuel-driven petrochemical market drastically, and some lost the momentum of rising or even finishing, the market can not be optimistic about the future." Liu Xintian said.

In April, the plastics sector is still expected to use crude oil's "remaining heat" to keep rising, while most petrochemical products may follow crude oil for shock consolidation, and the rubber sector may continue to decline because of bad news.

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