There’s been a lot of “war” lately.

Economic recovery after the epidemic is urgent. A major country has repeatedly triggered sanctions and attacks, which seriously affected international economic recovery.

Slight turbulence in the international situation will affect big market fluctuations.The war is back, and the shortage of raw materials may be worse than during the epidemic.

War on!Crude is heading for $80!

Recently, the Middle East, a major oil-producing region, has been plagued by war.Crude oil prices jumped more than 20 percent, briefly above $70 a barrel, as the attacks sent the price soaring.

On March 11, the Organization of the Petroleum Exporting Countries (OPEC) released its Monthly Oil Market Report, which raised its oil demand forecast to an average of 96.27 million barrels per day (BPD) in 2021, an increase of 220,000 BPD from the previous forecast, and an increase of 5.89 million BPD or 6.51% from the same period last year.

Goldman Sachs forecasts crude will break $80 in the second half of the year amid Middle East tensions and OPEC production cuts through the end of April.On March 11, OPEC released its latest forecast for demand of nearly 100 million barrels, and oil prices rose again.Brent crude was up $1.58 at $69.63 at the time of writing.WTI crude rose $1.73 to settle at $66.02.

Upstream demand forecast surge, out of stock has become inevitable, chemical bulk prices continue to rise.

Market prices go up, there are low price quotes, MDI market currently no inventory pressure, the market wait and see atmosphere is strong, today (March 12) MDI market fell slightly.However, heavy bar, European Huntsman, the United States region Costron, BASF, Dow and other continued to stop production maintenance until mid-April.It is expected that the MDI market in the short term to a small decline, you can be stocked in time oh.However, as the overhaul is carried out, it is expected that the MDI market will stop falling in April.

The oil market continues to surge as oil production cuts continue, OPEC forecasts demand of 100 million barrels, and the impact of war in the Middle East.In addition, vaccines are promoted, economic recovery is accelerated, the demand for crude oil is increasing, and the demand for downstream products is also expanding. It is expected that chemical bulk commodities are still mainly rising from March to April, and more attention is paid to the crude oil industry chain.

According to monitoring, since March, a total of 59 chemical bulk shows a rising trend, among which the top three are: chloroform (28.5%), hydrochloric acid (15.94%), adipic acid (15.21%).

With the conclusion of the NPC and CPPCC sessions, the RCEP15 unified free market trade agreement has been clarified, and the preferential trade measures of “zero” tariff on some goods have been gradually realized.At that time about Southeast Asia, foreign trade orders will increase, chemical products or another round of rising space.In addition, textile industry chain because export space is large, or become the new wind mouth of interest.You pay more attention to the textile industry chain, oh, PTA, polyester, etc., or have a larger room for growth.