Company News
Jiuhong Chemical February 13 Dibutyl Phthalic Anhydride Quotation
Crude Oil: 2/12 Close: OPEC's January production cut was significant, and Saudi Arabia said it would continue to cut production, international oil prices rebounded. WTI53.10 up $0.69/barrel; Brent 62.42 up $0.91/barrel. China's SC main 1903 rose 0.6 to 428.5 yuan/barrel. Propylene: futures weak shock-based, and the terminal plastic weaving plant has not yet resumed, the spot market market is weak. Downstream raw material reserves are sufficient, refineries make profits to ship the intention is obvious, Shandong propylene market mainstream turnover of 7800-7850 yuan/ton, downstream overall demand enthusiasm is weak. Positive
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Jiuhong Chemical February 18 Product Quotation
Crude Oil: Although the number of active oil wells in the United States has increased again, the optimism of production reduction and the positive signals released by Sino-US trade negotiations have provided strong support for oil prices. At the same time, the fall in US dollar pressure has also helped oil prices to rise further. International crude oil futures closed higher on the 15th, with WTI:55.59 up 1.18. Brent: 66.25 up 1.68. Propylene: The price of propylene market rebounded at the weekend, and the mainstream price of propylene market in Shandong rose to 7450-7500 yuan/ton. Since last Friday, downstream powder shipments have improved, benefiting the propylene market. Coinciding with propylene prices falling to low
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Jiuhong Chemical February 19 Product Quotation
Crude oil: 2/18 close: China-U.S. trade talks are expected to reach a substantive agreement, OPEC continues to release positive signals on production cuts, coupled with a weaker dollar, international oil prices continue to rise. WTI is closed for US President's Day; Brent 66.50 is up $0.25/barrel. China's SC main 1903 rose 9.3 to 449.8 yuan/barrel.
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Jiuhong Chemical February 20 Product Quotation
Crude oil: 2/19 close: OPEC production cuts continue to bring positive atmosphere, but Iran's crude oil exports are higher than expected, coupled with global economic expectations are still weak, international oil prices are mixed. WTI56.09 up $0.50/barrel; Brent 66.45 down $0.05/barrel. China's SC main 1904 rose 1.6 to 459.3 yuan/barrel. Propylene: Yesterday, the market price of propylene rose steadily and slightly. The mainstream price of Shandong propylene market remained stable at 7500-7600 yuan/ton. The downstream powder shipment situation improved, which was good for the propylene market.
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Jiuhong Chemical February 21 Product Quotation
Crude oil: 2/20 close: China-U.S. trade talks again released positive signals, Saudi Arabia said global crude oil supply and demand is expected to further balance, international oil prices both rose. WTI56.92 up $0.83/barrel; Brent 67.08 up $0.63/barrel. China SC main 1904 fell 2.2 to 457.1 yuan/barrel. Propylene: The price of propylene market ran smoothly yesterday, and the mainstream turnover in Shandong propylene market was 7500-7600 yuan/ton. The rally in polypropylene futures has some positive support for the propylene market. n-butanol: yesterday the domestic n-butanol big steady small movement, transaction holding
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Jiuhong Chemical February 22 Product Quotation
Crude Oil: 2/21 Close: WTI 56.96 fell $0.20/barrel in exchange for the month; Brent 67.07 down $0.01/barrel. China SC main 1904 fell 0.3 to 456.8 yuan/barrel. Propylene: The price of propylene market ran smoothly yesterday, and the mainstream turnover in Shandong propylene market was 7500-7600 yuan/ton. The rally in polypropylene futures has some positive support for the propylene market. n-butanol: yesterday the domestic n-butanol large steady small movement, the transaction continued to improve. The volume of positive butanol transactions in the day is obvious, downstream market replenishment led to the smooth downward flow of inventory, the market is expected to be good.
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