please review: as you know, since the chemical industry as human civilization is the second industry, with its huge production and conversion potential, all manufacturing industry value. Known as the “lifeline” of the national economy are not a little vague. The inevitable product of the chemical industry in most chemical products of raw materials is “demanding” economy oriented. As with most chemical industry as raw materials of crude oil, the change of pulse like, constantly affects the hearts of chemical industry.

The crude oil on the chemical industry as a “baton”

Crude oil is the source of all chemicals, chemical raw material cost control, overall, the price of crude oil, determines the operating range of chemicals.

Of course, everything is not absolute. Can not set phrase. Furthermore, although from a cost perspective, the price of crude oil and chemicals are related, but because of differences in pricing and fundamentals, effect of crude oil on the chemicals are not the same.

Since September, especially the International Energy Forum held in OPEC and non OPEC on freezing production problems, resulting in the production is expected to boost the rise of oil prices, NYMEX crude oil since August 2nd cumulative increase of more than 16%, once again washed off the $50 mark.

Change constantly in chemical industry, can not be generalized