Russia is a major supplier of oil and gas in the world, with nearly 40 percent of European gas and 25 percent of oil from Russia, with the largest number of imports. Even if Russia does not cut off or limit Europe’s oil and gas supplies as a retaliation for western sanctions, Europeans have to withstand additional increases in heating and gas costs, and now the price of electricity for German residents has risen to an unprecedented 1 euro. The general rise in energy prices is not just Europe, where prices are determined by global markets, and even in the us, where oil is imported from Russia, companies must also face the cost pressures of rising energy prices, and the us inflation, which has already created a four-decade record, is likely to withstand new pressures from the Ukrainian crisis.
Russia is a global food producer, and the Russian war will undoubtedly have a major impact on oil and food markets, and the volatility of oil and chemical prices caused by oil will further affect the price of EVA,PVC,PU, and the instability of the raw material will be a problem for the purchase of the companies of the mobile phone, while the volatility of the exchange rate, sea and land, is no doubt the major constraints of factory and foreign trade enterprises. The international crude oil surge has led to the mass rise of plasticized plates, including vinyl, ethylene, propylene and other chemical products. The second is that the United States has hit local oil refining and related chemical production equipment, the chemical production is paralyzed, more than 50 oil and chemical plants are closed, and the giants such as Covestro and Dupont have been delayed by mass delay for up to 180 days.
The slowdown in the production of chemical leaders, the delay in delivery exacerbated the shortage of markets, and the price of plastic products soared as the price of the plastic market was more frequently used. Many companies say that the current plastic chemical industry has not seen it for nearly 20 years, nor can it predict the next step, but as more and more enterprise inventories are in a hurry, some traders are hoarding, and some traders are hoarding, and later plastic chemicals will continue to rise.
Post time: Mar-24-2022