last week (june 19-23), coincided with the dragon boat festival holiday, the oil and chemical indexes fell across the board during the week.
in the chemical sector, the chemical raw material index fell by 2.10%, the chemical machinery index fell by 2.39%, the chemical pharmaceutical index fell by 3.97%, the pesticide and fertilizer index fell by 2.81%; in the oil sector, the petroleum processing index fell by 2.04% , the oil exploration index fell by 1.19% and the oil trade index fell by 2.11%.
last week, long and short factors dominated the market alternately, and international crude oil prices rose to close. as of june 23, the settlement price of the main contract of west texas intermediate crude oil futures on the new york mercantile exchange was us$70.50/barrel, an increase of 1.56% month-on-month; the settlement price of the main contract of brent crude oil futures was us$75.90/barrel, an increase of 2.17% month-on-month .
looking at the spot market, the petrochemical products with the top five increases were liquid chlorine up 84.58%, octanol up 8.93%, liquefied natural gas up 7.09%, methyl methacrylate up 6.97%, and methanol up 5.91%. the top five petrochemical products were coal tar n 11.59%, coal tar pitch n 8.87%, carbon black oil n 6.43%, paraquat 41% mother liquor n 5.83%, and paraquat n 5.83%.
looking at the capital market, the top five listed chemical companies in the shanghai and shenzhen stock markets last week were huaxi shares rose 19.39%, lanfeng biochemical rose 17.49%, double star new materials rose 12.25%, shiming technology rose 11.15%, and heshun petroleum rose 10.08%; the top five listed chemical companies with the largest declines were fanli technology fell 12.30%, national technology fell 11.90%, red star development fell 10.71%, hongda new materials fell 8.92%, and international industry fell 8.92%. (luo iowa)
