Liu Xintian, editor-in-chief of the China Chemical Network Information Center, told the First Financial Daily on February 9 that 80% of the 40 major raw material products monitored in the last week before the holiday had increased year-on-year. Among them, the year-on-year increase in cotton was even higher. It reached 106.8%.
Compared with the end of January last year, the major commodities that have seen price increases this year are nickel, natural rubber, rebar, and raw salt, which have risen between 35% and 50%. The equivalent ratio of caustic soda and PTA in chemical products also rose by 44% and 40%.
On the other hand, due to the Spring Festival, the market stocking and downstream manufacturers started to have low sentiment, so domestic refined oil, liquefied petroleum gas, and some chemical products have declined in different degrees from the end of January to the beginning of February.
Li Ye, an analyst in the chemical industry, believes that after the year, we can pay attention to the changes in the basic raw material market, especially the liquid chemical product market. There may be factors such as artificial speculation and rising operating rates. The price of related products may fluctuate significantly in the middle or late February. .