Due to unique characteristics of the chemical industry chain, chemicals futures trend is relatively crude oil futures trend is indirect and obvious lag. It is not inconsistent with the two movements is not reasonable, especially in the crude oil into the trend of shock stage, often chemicals out of the “personal independence of conduct”.

Oil prices have recently been basically optimistic or pessimistic sentiment based on market of the November 30th OPEC protocol can reach the limit. Iran is a major obstacle limiting protocol. Although Iran did not yield to respond to the proposal, but the other OPEC countries to give Iran hinted at the November 30th OPEC conference production flexibility is approaching, OPEC may be more close to consensus. Long and oil sources said that most of the OPEC countries to give flexibility to the production of Iran, OPEC moved closer to the first production agreement to 2008.

Secondly, the recent part of the stability of chemical products objectively

At the end of November OPEC production agreement, the price is also very difficult to break through the current price range, the lower limit of the interval just blocked down; to improve the fundamentals of crude oil still pile up in excess of requirement is relatively weak, the annual demand growth forecast is currently at 1 million 200 thousand barrels per day of crude oil is expected to return to the balance of supply and demand postponed to the second half of 2017.

Last week (11.21-11.25) the overall stability of chemicals market continues to rise. Last week (11.21-11.25) prices rose significantly in the varieties are: coal chemical products, plastic industry chain, PA6, polyester staple fiber, natural rubber, synthetic rubber, fertilizer, chlor alkali chemical products prices fell significantly; products are: TDI, pure MDI, propylene oxide, hard foam polyether, PTA, potassium chloride, melamine, chlorine, fluorine chemical chloromethane and nickel materials etc..

Analysis of chemical industry chain can be found, the crude oil is the most important chemical energy sources of raw materials, petrochemical industry production line, involving a wide range, many products in the domestic commodity futures market, crude oil futures and related chemicals, there are several PTA, PP, LLDPE, methanol, asphalt, rubber etc..

Furthermore, the guiding role of national policy should not be ignored