Daily Price Changes - 12/14/2021

◎ Product Price Change:

The price of pentane foam blowing agent fell today. Compared with yesterday's market price, it decreased by 1.67 percentage points. The prices of n-Hexane, n-Heptane, n-Octane and D series solvent oils are stable and unchanged.

◎ Industry News?

◎ US crude oil production is "calm"

On the whole, in 2021, the international crude oil price rose significantly and recovered more than expected. Taking Brent futures as an example, as of December 9, it had increased by 43.67% compared with the beginning of the year. While the oil price is hot, as an important part of global crude oil supply outside the OPEC + production reduction framework, U.S. crude oil production is "calm" with significant differentiation.

◎ The future market situation of continuous oversupply of LNG

After the crazy price reduction, it is predicted that the market will gradually return to rationality at the beginning of this week, and the phenomenon that the price of LNG will shrink by 500 yuan / ton a day may not appear, but the current market demand is still not optimistic. In addition, due to the intensive arrival shipping schedule in South China in December, it is expected that the market situation of continuous oversupply in the future will continue, and the price will mainly fall.

◎ Long and short intertwined, and the naphtha market was weak and volatile

Since December, Shandong naphtha market has shown a continuous slight downward trend. Affected by the high support of refined oil, the market decline is limited. According to Longzhong data monitoring, as of December 10, the straight run naphtha in Shandong market was 7,598 yuan / ton, down 2.48% from November 30, and the hydrogenated naphtha in Shandong market was 7,437 yuan / ton, down 3.73% from last week.

100.00 Chinese Yuan Renminbi =15.70587 US Dollars

1 CNY = 0.157059 USD

1 USD = 6.36705 CNY

We use midmarket rates

Chinese Yuan Renminbi to US Dollar conversion — Last updated Dec 14, 2021, 02:52 UTC