Industry Dynamics

Separation of poor profits, C5 will cut the trend

　　National development and reform commission issued a notice, in accordance with the current pricing mechanism for refined oil, decided to gasoline and diesel oil price per tonne 95 yuan and 90 yuan respectively, because of the weakening trend of product oil market for a long time, the market price is lower early early, this time the effects of refined oil price adjustment may be small. Oil raw material aspects of the weak trend will continue. Now the rise in north China in terms of cracking C5 to C5 is good for oil co., LTD., clinch a deal the disadvantaged situation in the near future is relatively obvious, the import side, importers from South Korea C5 bidding cost is higher, the market of low-end clinch a deal near 6300 yuan/ton, high-end clinch a deal in 6800 yuan/tons.
　　Cracking C5: according to the understanding of the market at present for this increase slightly, because the rubber market fell again after the rebound, isoprene prices continue to remain low consolidation, the recent 2-ring pentadiene market also appears larger degree decline, market turnover also relatively poor, this time pull up raw materials have to separate the downstream enterprises profits.
　　For manufacturers in the rose, the market still deviation, corresponding pressure at present C5 industry all focused on the separation and resin production enterprises, if has not changed in the short term losses even said that continued to rise will make its weakened buying intention of raw materials.
　　This C5 factory unilaterally pull up unsustainable, in the long run will be lowered to decrease the cost of production factory in the end, short-term is expected to range at about 100 yuan/ton.
　　C5 petroleum resin: C5 petroleum resin market in the near future is still no obvious improvement, according to clinch a deal the price whole actual maintained in 11000-11500 yuan/tons, heard that the market has low clinchs a deal at the bottom of the 11000 yuan/ton. Resin now to mainstream near 11000 cost line, evidence of reversal of the upcoming price for short periods of time. Rosin resin currently 138 # in # 11700 yuan/ton, 145 near 12000 yuan/ton.