“The overall situation of the chemical industry is not very good. The PTA (raw material for chemical fiber production) has dropped from 12,000 yuan/ton at the beginning of the year to 7700 yuan/ton now, and almost all the production companies are losing money.†July 12th, a domestic chemical company The person in charge told reporters that the days of production of chemical raw materials are hard to find, and the prices of almost all chemical raw materials have been declining since May, and the pressure on business operations is unprecedented. In fact, most traders of chemical products hope that the prices of raw materials will rise so that they can absorb low prices and throw profits to speculate. When the international crude oil market is in the ascending aisle, there are more speculative activities in the chemical industry market, leaving little room for reaction of downstream chemical product consumers. As a result, downstream consumer companies have to spend more money to purchase raw materials, and part of the company’s profits. Taken by traders. 20% -30% of the decline since 2012, domestic chemical raw materials prices continue to decline, including olefins, toluene, including many chemical raw materials prices appear spontaneously. Even so, due to the weak demand in the downstream market, this low-cost sales strategy of traders has not achieved immediate results. Upstream and downstream entities in the chemical industry chain can't use so much chemical raw materials, so they have more say in the industry chain. Tungsten Carbide Drill And Minning Tungsten Carbide Drill And Minning,Carbide Tapered Drilling Bits,Tungsten Carbide Tapered Drilling Bit,Tapered Drilling Bit Zigong Brace Cemented Carbide Co.,Ltd , https://www.bracecarbide.com