Tumbled 13% in A Single Day! Over 50 Chemical Raw Materials Fell

The upstream price of chemical industry collapsed instantly!

Recently, new variants of the new coronavirus discovered in many countries in Africa have aroused high vigilance among all countries. On November 26, the World Health Organization issued a statement, listing this new coronavirus mutant strain B.1.1.529 as a "mutant strain that needs attention" and named it Omicron

The WHO stated in a statement that the Omicron variant contains a large number of mutations, some of which are worrying. Since South Africa reported the discovery of the mutant strain to the World Health Organization on November 24, as of the 28th, at least 9 countries and regions including Botswana, Belgium, Israel, the United Kingdom, Germany, Italy, Hong Kong, and Australia have reported the discovery. The new variant strain. In addition, the Netherlands and the Czech Republic are also suspected of having traces of this mutated strain, and further genetic sequencing of the virus is currently being done.

The pandemic is worrying, and crude oil plummeted overnight. Last Friday, Crude Oil staged a night terror! International oil prices plummeted by more than 10%!

New York crude oil fell below US$70/barrel for the first time since the end of September, a decrease of 13.04%, and returned to 3 months ago overnight; Brent crude oil approached 70 yuan/barrel, a decrease of 11.27%; the main Shanghai crude oil futures contract fell to its limit last night. A drop of 8.01%, reported 464.1 yuan / barrel. The largest closing decline since April 21, 2020, and the United States and the United States have reached a new low since September 9 this year.

Upstream collapses, downstream "0" orders! The raw materials fell collectively!

The crude oil life is not easy, and the chemical life is not pleasing. From the monitoring data, the crude oil-chemical industry chain is green.

Among the 68 chemical products monitored, 58 chemical products have fallen in price, which is really green!

Among them, caustic soda (-45.27%), liquid caustic soda (-43.06%), and formic acid (-47.06%) fell more than 40%.