Hurricane Ida Is Coming! Crude Oil Production Will Be Reduced By 95%! Will The Oil Price Be Boasted Higher And Higher? The Goods Are Tight And The Price Is High, PC And POM Continue To Rise!

Sep 01, 2021

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Affected by Hurricane Ida, the Gulf region of the United States shut down 95.65% of crude oil production (or 1.74 million barrels per day) and 93.75% of natural gas production (or 2090.7 million cubic feet per day). The production cut is said to have exceeded that of Hurricane Katrina, which was devastating in 2005. 

It is reported that the crude oil and natural gas production in the Gulf of Mexico accounts for 17% and 5% of the total oil and gas production in the United States, respectively, and more than 45% of the refining capacity of the United States is located along the Gulf of Mexico. 

Bob Yawger, head of energy futures at Mizuho Securities in the United States, said that based on past experience, the price of crude oil will rise as the hurricane approaches.

In the trading situation of the MoMo.com trading platform, the PA6 general grade price index: 14997 yuan / ton, up 12 yuan / ton compared to the previous trading day; PA6 low viscosity price index: 15160 yuan / ton, the same as the previous trading day; PA66 general grade price index: 40166 yuan / ton, the same as the previous trading day.

PC market prices are mainly shown as individual increases. The quotation of the manufacturers in the market has risen individually; the raw material bisphenol A has remained high. This week, two domestic PC factories have parking and production reduction plans, and industry starts or further decline, so the cost and supply side are still good support; the price of products on the platform changes with the market, and it is expected that the market price of PC will be high and volatile today!

ABS market price is mainly reflected in stable consolidation. The quotation of manufacturers in the market is stable and small; Downstream on-demand procurement, businesses are confused and operate most cautiously; The product price on the platform changes with the market. According to the transaction data of mopu.com platform, it is expected that the market price of ABS today should be large, stable and small!