Market Trend and Demand Saudi petrochemical product prices rise Will Affact the Price of Carbon-based new materials
The price of petrochemical products in Saudi Arabia continues to increase. Driven by oil prices rising by more than 30%, coupled with the optimism of global new crown pneumonia vaccine distribution for health needs, the average price of polymer products in the first quarter of this year increased by 4-15% from the previous quarter.
According to data from Al Rajhi Capital Research, the recent supply disruptions caused by the winter blizzard in the United States, coupled with rising upstream costs and healthy downstream demand, have made spot prices 18-56% higher than the average price in 2019.
"We predict that polymer prices will remain at a high level for at least most of the year, due to tight supply and gradual improvement in global demand. However, the average raw material price in the first quarter of this year increased by 30% year-on-year. It is mainly driven by rising oil prices, which may partially offset the improvement in spreads for most products."
Al Rajhi said: "Nevertheless, due to seasonal factors, we expect the prices of key raw materials (propane and butane) for Saudi producers to gradually decline in the next few quarters."
In general, Saudi oil producers are likely to benefit from the recent surge in oil prices, and profits may recover strongly in 2021 (close to the level of most companies in 2018), which means that there may be higher dividends this year.
Affected by the eight Saudi petrochemical product prices rise, the product name market has changed rapidly. These changes are indicators of market growth. This year-on-year upward trend in the market indicates that the next November 2020-2026 will be oval but stable The growth. If you want to find the name of the product or the name of the product purchased in bulk, please send an email to: firstname.lastname@example.org
The price of Carbon-based new materialss continues to be affected by market growth momentum, various opportunities and challenges, and other factors. However, during the forecast period from 2020 to 2026, the global Carbon-based new materials sales market is expected to continue to be above average. The growth rate will be Continue to improve. It is expected that the price of the Carbon-based new materials will increase to a certain extent from today to next week.
Due to consumer demand, changes in import and export conditions and various investigations on the development of Carbon-based new materialss, the cost of Carbon-based new materialss is constantly changing. Taking into account the macroeconomic parameters of the current market, value chain analysis, channel partners, demand and supply, products The cost of the name will also be affected to a certain extent. It is estimated that the cost of the Carbon-based new materials will increase slightly from today to next week.
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