The downturn in the chemical market is still continuing. The relevant monitoring data is consistent with that in May. However, analysts believe that due to changes in active weighting products, the chemical market is approaching the bottom.
According to price monitoring, in June, the price of the 68th rising and falling list of the Industrial and Commercial Co., Ltd. listed a total of 14 kinds of commodities in the chain, and the top three commodities were East China propylene, crude benzene and acrylic acid. A total of 53 kinds of goods fell in comparison month-on-month, of which 14 products fell by more than 5%, and the top 3 products were R22, granules** and industrial grade n-butanol. On the whole, chemical commodities rose or fell by -2.28% this month.
Zhang Ming, chemical industry analyst, said that in June the domestic chemical market has shown signs of stabilization, although most of the industry chain is still in a down channel, but the proportion of ups and downs for two consecutive months of stable products, revealing the market close to the bottom of the signal.