Recent chemical product prices rose most

Chemical product prices have risen most recently. Asian ethylene glycol prices rose by 15% in six weeks. The Asian spot price of styrene prices broke the record high of US$1,700/tonne in ten years last year and continued to rise this week. Propylene, polyester FDY, polyester staple yarn prices, etc. There has also been a rebound in the near future. The rise in the price of chemical products has caused related companies to increase their performance and bring investment opportunities.

Data show that on December 28, 2012, Asian spot ethylene glycol price was 1195-1200 US dollars / ton, up 57-60 US dollars / ton from the previous week, up 5%. In fact, since the middle of November last year, Asian ethylene glycol prices have maintained a rising trend, rising by 15% in six weeks.

The 15% increase in six weeks is not the highest in the recent price increase of chemical products, and the higher increase can be seen in the price trend of petrochemical products such as styrene and toluene. The spot price of Asian styrene prices broke through the record high of US$1,700/tonne in December 2012 and reached a 10-year high. This week, the spot price continued to rise. The highest domestic quotations have risen to 13,000-13050 yuan/ton. Huatai Securities (601688) believes that at the beginning of 2013, international oil prices ushered in a "good start", which has a strong pull on styrene. At the same time, the demand for the styrene industrial chain in emerging markets continues to increase. Styrene prices are expected to remain high in the near future.

“Recent chemical product prices have recently rebounded, which is mainly due to rising oil prices and downstream demand for building materials and agrochemicals.” Su Wenjie, a chemical industry analyst at BOC International, believes that Su Wenjie is optimistic about Qixiang Tengda among major listed chemical companies. (002408) Performance in the first quarter, the reason is: the company's current main products butanone and butadiene are currently at low profitability, upstream LPG prices are low, driven by the price of benzene, natural rubber, butyrophenone is expected The price of butadiene and butadiene rose and the spread of products further increased, which in turn increased the company's 2013 performance. Qixiang Tengda rose 2.2% against the market yesterday, and the stock price hit a new high of 17.42 yuan/share.