Crude Oil Price & Raw Material Market Trends

                                      Crude Oil Price & Raw Material Market Trends

Crude oil

4/1: The market focus shifted from sanctions against oil-producing countries to the US tariff policy, and international oil prices fell due to concerns about the drag on demand prospects. NYMEX crude oil futures 05 contract 71.20 fell by $0.28/barrel, down 0.39% month-on-month; ICE Brent crude oil futures 06 contract 74.49 fell by $0.28/barrel, down 0.37% month-on-month. China's INE crude oil futures main contract 2505 rose 11.6 to 549 yuan/barrel, and rose 4.3 to 553.3 yuan/barrel in the night session. ·Propylene Propylene: Yesterday, Shandong was stable at 6600-6700, the market digested and consolidated, and the industry was cautious and wait-and-see. Downstream purchases maintained rigid demand, and the trading atmosphere was flat. It is expected that the domestic propylene market will be consolidated in a narrow range today

N-butanol

Today, the price of mainstream domestic n-butanol factories is strong. Lihuayi n-butanol is priced at CNY6,650/ton; Luxi n-butanol opens at CNY6,650/ton. ‍‍‍‍‍‍‍

Octanol

The price of mainstream domestic octanol factories is relatively strong today. Lihuayi octanol is priced at CNY7,750/ton; Luxi octanol opens at CNY 7,750/ton. ‍‍‍‍‍‍‍

Phenolic anhydride

The domestic phthalic anhydride market price has risen. The reference price of o-phthalic anhydride in East China is CNY7,600-7,700/ton; the reference price of phthalic anhydride in the north is CNY7,250-7,350/ton·

PTA

April 2 Exchange: The main contract of PTA2505 opened at CNY4,892 /ton in the morning, up CNY2/ton from the previous settlement price:

Product market forecast·

DOP market forecast The mainstream price of propylene market is stable, the mainstream factory price of octanol is relatively strong, the domestic market price of phthalic anhydride has risen, and the supply of DOP from mainstream domestic factories is normal. It is expected that the subsequent DOP market may run relatively strong.

DOTP market forecast: The mainstream price of propylene market is stable, the mainstream factory price of octanol is strong, the mainstream price of PTA is stable, the supply of DOTP from mainstream domestic factories is normal, and the subsequent DOTP market is expected to be strong

DBP market forecast: The mainstream price of propylene market is stable, the mainstream factory price of n-butanol is strong, and the mainstream market price of phthalic anhydride in China is rising. It is expected that the DBP market will be strong in the near future.