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Hongbang PetroChemical
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  • Market analysis

20231218~20231224 paraffin market analysis of China

The relevant information this week is asfollows: 1. Raw material Crude oil: WTI crude oil initially wonthe battle to defend $70 and has closed at 73.56 this week. Basic analysis believes that it is the weakening of the U.S. dollar and…

  • chenhongfei@hongbangpec.com
  • December 24, 2023
  • Market analysis

20231211~20231217 paraffin market analysis of China

The relevant information this week is asfollows: 1. Raw material Crude oil: Brent crude oil and WTI crude oil continue to defend the $70 level. It is worth noting that oil pricesrebounded on Thursday and Friday, and correspondingly, the exchange rate…

  • chenhongfei@hongbangpec.com
  • December 16, 2023
  • Market analysis

20231204~20231210 paraffin market analysis of China

The relevant information this week is as follows: 1. Raw material Crude oil: Brent crude oil and WTI crude oil continue to fall, and the battle to defend US$70 has begun. The “voluntary production cuts” of OPEC+ members have obviously not…

  • chenhongfei@hongbangpec.com
  • December 10, 2023
  • Market analysis

20231127~20231203 paraffin market analysis of China

The relevant information this week is as follows: 1. Raw material Crude oil: Brent crude oil and WTI crude oil continue to fluctuate at low levels. The OPEC+ production reductiondiscussion on November 30 failed to reach an agreed target. Many OPEC+…

  • chenhongfei@hongbangpec.com
  • December 3, 2023
  • Market analysis

20231120~20231126 paraffin market analysis of China

The relevant information this week is as follows: 1. Raw material Crude oil: Brent and WTI crudeoil both rose slightly, but are still at relatively low levels. OPEC+’sproduction reduction discussion had to be postponed from the 26th to November30th due to…

  • chenhongfei@hongbangpec.com
  • November 26, 2023
  • Market analysis

20231113~20231119 paraffin market analysis of China

The relevant information this week is as follows: 1. Raw material Crude oil: 20231120 Brent crude oil and WTI crude oil have increased slightly, but are still at relatively low levels. At present, there is no other good news except that…

  • chenhongfei@hongbangpec.com
  • November 21, 2023
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