1. The situation in Russia and Ukraine is tense, and the war is imminent

Recently, the deterioration of Ukrainian-Russian relations has accelerated, and the two sides have deployed a large number of military personnel and equipment in the border areas of the two countries. International oil prices soared 4%! A 7-year high! Towards the hundred dollar mark! The energy and chemical sector and raw material prices may rise due to this news!

It is reported that after the incident, crude oil futures rose rapidly! Brent oil rose 4.16% on Friday! After rising to $95 a barrel for the first time since September 2014, volumes surged in the final hour of trading, with global benchmark Brent crude climbing to its highest level in more than two months.

2. Oil prices rise to $100 a barrel, and the global economy may suffer a double blow

Oil prices rose toward $100 a barrel for the first time since 2014, threatening to further dampen growth prospects and push up inflation, dealing a double whammy to the global economy. The situation is worrying for the Fed and other central banks as they seek to contain some of the strongest price pressures in decades without disrupting the recovery from the pandemic. G-20 finance ministers will hold their first video conference of the year this week, with inflation being one of their biggest concerns. While energy exporters will benefit from higher oil prices, which have less of an economic impact than they once were, as businesses and consumers see higher bills and higher costs for food, transport and heating affect their ability to spend, much of the world will be impacted.

Polyester Chips:

At present, the polyester chip market in East China is negotiated at 7050-7200 yuan / ton for semi-gloss chips, and 7250-7500 yuan / ton for glossy chips; crude oil has risen sharply, but the demand for polyester is weak, and the increase in polyester dual materials is extremely limited; On Sunday, some factories and traders of polyester chips had a slight increase in volume, but the transaction price remained stable for the time being.

PET bottle flakes: 

Today, PET bottle flakes in East China rose 100 to 8050. International oil prices rose sharply, supporting the rise in PTA prices. Driven by the cost, the focus of the PET bottle flakes market is on the rise. The price of the factory in the far month is temporarily stable, and the preferential space is narrowed. Terminal sporadic low-priced bids, trading is sparse. April-May delivery 8000-8200 yuan / ton.

Recycled PET:

Affected by geopolitics, international oil prices rose sharply last Friday. While the cost-side support of superimposed polymerization is still underway, the expectation of new polyester chips is warmer, and the price difference between old and new materials increases, boosting the mentality of the recycling market. Recently, upstream and downstream players in the recycled market have returned to the market one after another, with more inquiries and more transactions on the market, but it is difficult to ease the tight supply of recycled bottle flakes. It is expected that the short-term recycled PET bottle flakes market will fluctuate strongly.