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How will the market of chemical raw materials be in 2022?

Views: 0     Author: Site Editor     Publish Time: 2022-01-25      Origin: Site


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According to incomplete statistics, since the beginning of 2022, the prices of dozens of chemical raw materials have risen, of which the price of lithium hydroxide and lithium carbonate per ton has risen by more than 10,000 yuan; 16 raw materials such as isobutyraldehyde, lithium iron phosphate, silicone, and neopentyl glycol have risen. The ton price has risen by more than 1,000 yuan, and the ton price of the remaining 40 kinds of raw materials has risen by more than 100 yuan.

One of the important factors driving up the price of chemicals is the price trend of bulk energy such as oil and coal. Since late December last year, global geopolitics have frequently occurred, and OPEC+’s monthly production increase of 400,000 barrels per day has been difficult to achieve, and the growth of global crude oil production has been less than expected. Affected by this, crude oil futures closed sharply higher, with New York crude oil closing at its highest level in two months. Brent crude rose $2.85, or 3.5%, to settle at $83.72 a barrel in March, its highest settlement since Nov. 9, 2021, with WTI and Brent already up in 2022 nearly 8%.

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