More than 80 kinds of chemical raw materials plummeted

Crude oil prices fell to six-month low! More than 80 kinds of chemical raw materials plummeted! The coating industry chain goes down synchronously.

Recently, more than 80 kinds of products in the oil industry chain and derivative industry chain have been affected by this, and the prices have dropped significantly. Not only the decline is amazing, but also basically spit out all the increases compared with the prices at the beginning of the year, even lower than the prices at the beginning of the year.
In other industrial chains other than the crude oil industry chain, the prices of more than 30 kinds of chemical products also fell, with the highest drop of nearly 50%. Among them, there are many urea and organic silicon in the natural gas chemical industry chain, ethanol and acetic anhydride in the coal chemical industry chain, and yellow phosphorus and titanium dioxide in the downstream such as phosphate rock and titanium ore.
That is to say, although the price of titanium dioxide has been raised for 2 rounds, and upstream suppliers such as resins and emulsions are also announcing the price increases, the final result is that the increase has been spit out.

As the main Styrene acrylic emulsion manufactuer in China, iSuoChem have the ability to obtain and predict the latest market trends, and give customers relevant procurement suggestions in a timely manner. Through timely market dynamic sharing, we ensure that customers can control procurement costs and reduce losses caused by market risks.