The phenomenon of large-scale production stoppage and shutdown

Last week, chemical prices fell more and less. Rising varieties are mainly carbon-products (nitric acid, melamine) based on synthetic ammonia, and petrochemical feedstock olefins and related derivatives. Falling varieties are concentrated in chemical fiber raw materials, with the largest drop in the viscose and polyester industry chain. Due to the high price of bulk raw materials, there is no significant improvement in terminal demand. Currently, some chemical sub-sectors with poor supply and demand conditions have again experienced large-scale production stoppages. In the later period, it is necessary to observe the intensity of supply contraction, and the largest variable on the demand side still comes from real estate.

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