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The drop in international oil prices has also affected the market for release wax for epoxy

According to the National Development and Reform Commission of China, according to the current pricing mechanism of refined oil products, the domestic gasoline and diesel prices will be lowered by 360 yuan and 345 yuan per ton respectively from 24:00 On July 12, according to the recent changes in international oil prices.

This price adjustment is the 13th time this year, but also the first time in the year "double drop", after the adjustment of finished oil prices in the year showed a pattern of "ten up, three down, zero stranded". According to market institutions, after the price increases, 92# gasoline will be lowered by 0.28 yuan per liter, 0# diesel will be lowered by 0.29 yuan per liter, according to the average private car with 50L fuel tank capacity, filling up a tank of oil will cost about 14 yuan less. Xu Wenwen, an oil product analyst at Lonzhong Information, said that for models that consume 7L to 8L of fuel for 100 kilometers in urban areas, the average cost per 100 kilometers will be reduced by about 2 yuan. For a large logistics transport vehicle with a full load of 50 tons, the average fuel cost per 100 kilometers will be reduced by about 11.6 yuan. Jin Lianchuang analyst Ma Jiancai said, the current domestic retail 92# gasoline price range in 9 yuan/to 9.15 yuan/liter, this round of retail prices again cut cash, in addition to Xizang, Hainan and other markets, the domestic 92# gasoline price will return to the "8 yuan era", the price level will rise from 8.7 yuan/to 8.85 yuan/liter, The price level of 0# diesel will rise from 8.35 yuan/liter to 8.5 yuan/liter, which is significantly lower than the price before June 28.

According to the price Monitoring Center of the National Development and Reform Commission (NDRC), international oil prices dropped sharply during the current price adjustment cycle (June 28 to July 11). On average, London Brent, New York WTI oil prices fell 4.95% compared with the previous round of price adjustment cycle. During the price adjustment cycle, the concern that the global economy may fall into recession spread, and the crude oil market was sold, driving the oil price down sharply. May high CPI in 40 years, American markets the fed is expected to raise interest rates, the European Union, Britain and other developed economies, the central bank to take radical raise interest rates are high, with the risk of the market for the global economy and the decline in crude oil demand growth forecasts, London brent and New York net long WTI crude oil futures were dropped to the lowest level since April 2020. In addition, rising U.S. crude inventories, the highest number of drilling RIGS since March 2020, and a nearly 20-year high in the U.S. dollar index also weighed on oil prices. Oil prices in both markets fell to near three-month lows, with WTI in New York briefly falling below $100 a barrel. On average, London Brent and New York WTI prices fell 4.78 percent and 5.13 percent, respectively, from the previous price adjustment cycle.

Influenced by a drop in international oil prices, the release wax for epoxy market is changing rapidly. These changes are indicators of market growth. This year-over-year uptrend in the market suggests oval but steady growth for the period 2022-February 2030. If you are looking for a release wax for epoxy or bulk purchase release wax for epoxy, please send an email to: sales@huagechemical.c om .

The release wax for epoxy prices continue to be influenced by factors such as market momentum, opportunities and challenges. However, the global release wax for epoxy sales market is expected to continue to be above average during the forecast period 2022 to 2030. Growth rates will continue to rise. Expect some increase in release wax for epoxy prices from today to next week.

The cost of release wax for epoxy is constantly changing due to changes in consumer demand, changes in import and export conditions, and various investigations into release wax for epoxy development. Considering the macroeconomic parameters of the current market, value chain analysis, channel partners, supply and demand and other factors, the cost of the release wax for epoxy will also be affected to a certain extent. Expect a slight increase in the cost of release wax for epoxy between today and next week.

“However, Huagechemical offers environmental protection, health, release wax for epoxy chemical raw materials and stable prices. In order to give feedback to regular customers, the company remains fully operational, offering release wax for epoxy at competitive prices.”sales manager at Huagechemical.

About Huagechemical- the release wax for epoxy supplier

Foshan Shi Hua G e C hemical Co., Ltd. is a preferred global partner and have been committed to the environmental protection, health and chemical materials. R elying on rich industry experience and in-depth understanding and prediction of market trends, we provide value-added services to our partners.

Our product line includes Products include mold release agent , chemical additives, color paste, paint curing agent. Application areas include PU soles, PU car carpets, wood-based panels, paper (food), metal die casting, paint and glue curing agent products, etc. If you are looking for release wax for epoxy, please send email to: sales@huagechemical.com

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