A new round of sanctions!Aksu, BASF, PPG, Zodun collective "war"!
Although negotiations between Russia and Ukraine, but the conflict between the two sides did not present a suspended trend, recently, two helicopter attack, in Ukraine in western Russia Belgorod, an oil base fire, two days later, Russian destroyed a refinery near Odessa and three storage fuel and lubricating oil facilities. Oil prices rose sharply on Monday amid the escalating conflict between Russia and Ukraine, with WTI crude futures up 4.41 percent at $103.28 a barrel and Brent crude futures up 3.44 percent at $107.53.It is worth noting that rising crude oil prices and the "side effects" of the conflict are continuing to work in the chemical market.
Ineos, Ineos: I n e o s has ethane contracts from North America for its operations in Europe and Asia, and also operates about 10% of its gas supply in the North Sea.The problem is not on the security of supply, but on the price, on the price of natural gas in the European business.
The conflict between Russia and Ukraine has affected the "fish in the pool", and the chemical market can not escape
The impact of the conflict between Russia and Ukraine and the resulting sanctions on the global economy and international trade is first reflected in energy and other commodities.Since the outbreak of the conflict, the international energy market has been greatly volatile, and the prices of crude oil and natural gas have soared, having a great impact on the economic impact of countries dependent on energy imports.According to public information, Russia's energy exports account for a large share of global export trade, among which crude oil exports are 239.170,400 tons and coal exports are 242.4574 million tons, accounting for 15.16% and 18.00% respectively, and the export amount accounts for 10.56% and 12.76% respectively.
The conflict between Russia and Ukraine is being affected, and no one can escape the energy crisis.Crude oil peaked at $139 a barrel, up nearly 100 percent from the same period last year and the highest since 2008.Even the hinterland of China, 8,000 kilometers away from the battlefield, has seen an unprecedented "9" of refined oil products. It is only a matter of time before the "10" is broken.
For the raw material of the chemical industry chain on the whole industry, it is a huge impact.In terms of chemical exports, Russia exported urea to 7.292 million tons, accounting for 19.05% of the global exports, while methanol was exported to 2.095 million tons, accounting for 9.45% of the global exports.As the situation in Ukraine continues to deteriorate, further sanctions against Russia are likely to increase, which will have a big impact on the global energy market.
In the complex chemical industry chain, any change in the supply and price of any chemical products will cause a sudden chain reaction, which explains the reason why more than 70 chemical products rose rapidly since the war on February 24, and some products have increased by more than 50%.
Industry insiders said that the current international crude oil across the board surge, reflecting people's anxiety.Although in order to alleviate the global crude oil supply shortage of high oil prices, us President Joe biden announced the country's history of the largest strategic oil reserves (SPR) release plan, is expected to release 1 million barrels a day, will last for six months, the total release may be as high as 180 million barrels, but for the current situation is far hydrolysis near thirst, cannot essentially reverse the conflict of crude oil supply tension.The announcement of many overseas chemical leaders' "black swan" attacks and product price increases will undoubtedly drive more chemical prices up, and also determine the trend of the chemical market to a certain extent.
