B2B Internet for Chemical products

International oil prices have fallen sharply amid fears of a collapse in global oil demand. Last week, WTI oil prices fell 9.74% and Brent oil prices fell 13.72%. 5, WTI oil prices closed at $89.01 per barrel and Brent oil prices closed at $94.92 per barrel. This price has fallen more than 30% from the year's peak and has plummeted to the level before the Russia-Ukraine conflict.

Recently, more than 80 kinds of oil industry chain and derivative industry chain products affected by this impact on prices fell significantly, not only by a staggering rate, and the price at the beginning of the year basically spit out all the gains, and even lower than the price at the beginning of the year.

More than 40 kinds of chemicals in the oil industry chain were directly affected by the price drop, including butanediol, TGIC ton price fell by more than 10,000 yuan, butanediol, propylene glycol fell by more than 50%, which is called the waist cut.

1,4-Butanediol is currently quoted at 11,240 yuan/ton, down 19,590 yuan/ton from the beginning of the year, a drop of 63.54%.

Propylene glycol is currently quoted at 7366.67 yuan/ton, down 9033.33 yuan/ton or 55.08% from the beginning of the year.

Isobutyraldehyde is currently quoted at RMB7266/mt, down RMB6934/mt or 48.83% from the beginning of the year

Acetic acid is currently quoted at RMB 3,400 per ton, down RMB 2,790 per ton, or 45.07%, from the beginning of the year

Methyl acetate is currently quoted at RMB3,850/mt, down RMB3,150/mt or 45.00% from the beginning of the year

Neopentyl Glycol NPG is currently quoted at RMB 9,983/mt, down RMB 6,767/mt or 40.40% from the beginning of the year.

Acrylic acid is currently quoted at RMB 8,066.67/mt, down RMB 5,133.33/mt or 38.89% from the beginning of the year.

Epichlorohydrin is currently quoted at RMB 11,350 per ton, down RMB 7,066 per ton or 38.37% from the beginning of the year.

Epichlorohydrin is currently quoted at RMB 6,550 per ton, down RMB 4,050 per ton or 38.21% from the beginning of the year.

Bisphenol A is currently quoted at 11816 yuan/ton, down 6634 yuan/ton or 35.96% from the beginning of the year.

Butanone is currently quoted at RMB8266/ton, down RMB4594/ton or 35.72% from the beginning of the year.

Liquid epoxy resin is currently quoted at RMB 17,500/ton, down RMB 9,000/ton or 33.96% from the beginning of the year.

DMF is currently quoted at RMB10,600/tonne, down RMB5,300/tonne or 33.33% compared with the quotation at the beginning of the year.

Solid epoxy resin is currently quoted at RMB 16,000/ton, down RMB 7,500/ton or 31.91% compared with the quotation at the beginning of the year

TGIC is currently quoted at RMB 34,000/ton, down RMB 15,000/ton or 30.61% from the beginning of the year.