After hitting a record high on September 15, domestic crude oil futures prices have continued to recover recently, and the main contract 2611 has fallen below the 700 yuan/barrel mark. On September 23, the main crude oil futures contract hit a low of 680 yuan/barrel at 2611, down more than 4% in a single day, down more than 20% from the previous high. In the international market, the price of WTI crude oil has fallen below 90 US dollars/barrel. Against the backdrop of weak oil prices, chemicals that had soared in the previous period have recently recovered overall. On September 23, in the main contract, asphalt closed down 4.61%, ethylene glycol fell 3.82%, and staple fiber and methanol both fell by more than 3%. However, at present, the prices of some upstream chemicals are still relatively high, putting pressure on the cost of downstream finished products, and the profit situation of manufacturers in the energy chemical industry chain is fragmented.

After hitting a record high on September 15, domestic crude oil futures prices have continued to recover recently, and the main contract 2611 has fallen below the 700 yuan/barrel mark. On September 23, the main crude oil futures contract hit a low of 680 yuan/barrel at 2611, down more than 4% in a single day, down more than 20% from the previous high. In the international market, the price of WTI crude oil has fallen below 90 US dollars/barrel. Against the backdrop of weak oil prices, chemicals that had soared in the previous period have recently recovered overall. On September 23, in the main contract, asphalt closed down 4.61%, ethylene glycol fell 3.82%, and staple fiber and methanol both fell by more than 3%. However, at present, the prices of some upstream chemicals are still relatively high, putting pressure on the cost of downstream finished products, and the profit situation of manufacturers in the energy chemical industry chain is fragmented.