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Hongbang PetroChemical
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  • Market analysis

20240520~20240526 paraffin market analysis of China 

The relevant information this week is as follows: 1. Raw material Crude oil: During this statistical period, international crude oil prices remained unchanged from the previous period and remained volatile. This week’s fluctuations in crude oil prices were mainly affected by…

  • chenhongfei@hongbangpec.com
  • May 26, 2024
  • Market analysis

20240513~20240519 paraffin market analysis of China

The relevant information this week is as follows: 1. Raw material Crude oil: During this statistical period, international crude oil prices remained unchanged from the previous period. Brent crude oil futures prices were close to US$83 per barrel and WTI were…

  • chenhongfei@hongbangpec.com
  • May 19, 2024
  • Market analysis

20240506~20240512 paraffin market analysis of China

The relevant information this week is as follows: 1. Raw material Crude oil: International crude oil prices have fallen sharply for two consecutive statistical periods. Compared with the high in early April, they have dropped by nearly 7 US dollars. Although…

  • chenhongfei@hongbangpec.com
  • May 12, 2024
  • Market analysis

20240422~20240428 paraffin market analysis of China

The relevant information this week is as follows: 1. Raw material Crude oil: During this statistical period, the average price of WTI crude oil fell to 83.15 US dollars. It is generally believed that oil prices are gradually losing the risk…

  • chenhongfei@hongbangpec.com
  • April 28, 2024
  • Market analysis

20240415~20240421 paraffin market analysis of China 

The relevant information this week is as follows: 1. Raw material Crude oil: During this statistical period, the average price of WTI crude oil fell back to US$84.37. The main reason is that the market’s concerns about the situation in the…

  • chenhongfei@hongbangpec.com
  • April 21, 2024
  • Market analysis

20240408~20240414 paraffin market analysis of China

The relevant information this week is asfollows: 1. Raw material Crude oil: After reaching US$85 last week, the price of WTI crude oil continued to rise by US$0.7 during this statistical period. It is clear that chaos in the Middle East…

  • chenhongfei@hongbangpec.com
  • April 14, 2024
  • Market analysis

20240401~20240407 paraffin market analysis of China 

The relevant information this week is as follows: 1. Raw material Crude oil: During this statistical cycle, the price of WTI crude oil rose 3 US dollars to $ 85. The main reason is that the intensified tension in the Middle…

  • chenhongfei@hongbangpec.com
  • April 7, 2024
  • Market analysis

20240325~20240331 paraffin market analysis of China

The relevant information this week is as follows: 1. Raw material Crude oil: During this statistical period, the price of WTI crude oil remained at US$82, ending all trading days in the first quarter of 2024 with a surge. OPEC+ representatives…

  • chenhongfei@hongbangpec.com
  • March 31, 2024
  • Market analysis

20240318~20240324 paraffin market analysis of China

The relevant information this week is as follows: 1. Raw material Crude oil: During this statistical period, the price of WTI crude oil rose sharply by US$3, reaching US$82. On the one hand, analysts at JPMorgan Chase estimate that 900,000 barrels…

  • chenhongfei@hongbangpec.com
  • March 24, 2024
  • Market analysis

20240311~20240317 paraffin market analysis of China

The relevant information this week is as follows: 1. Raw material Crude oil: During this statistical period, WTI crude oil prices continued to fluctuate and slowly increased upward. On the premise that OPEC+ maintains production cuts, the International Energy Agency (IEA)…

  • chenhongfei@hongbangpec.com
  • March 17, 2024
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