The hottest rise in international crude oil prices

2022-08-09
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the rise in international crude oil prices has affected industries such as plastic products

the festive atmosphere on New Year's day has not subsided. On January 2, high oil prices worried many people. On the same day, oil prices in the New York market broke through the $100 per barrel mark for the first time in history. Industry insiders believe that on the first trading day of 2008, the oil price broke the 100 yuan mark. This round of soaring international oil prices will also have a profound impact on the operation of some industries in China

on the whole, due to the rise of crude oil price, the price of petrochemical products, such as chemical fiber and plastic raw materials, will be strongly supported by the rising cost and remain high. However, industries such as clothing, plastic products and ceramics, which are downstream of the petrochemical industry, may be relatively significantly affected by rising costs

according to the analysis of securities institutions, the price of petrochemical products, its downstream industry, will continue to rise against the background of the continuous rise of oil prices. Because petrochemical products are in a relatively monopoly position in China's national economic production, they have great pricing power and can smoothly transfer the cost pressure from the upstream to the downstream. Therefore, the victims of high oil prices are often not engaged in smelting and chemical industries directly related to oil, but downstream industries with oil as raw materials, which are often intensive industries

plastics are made of oil. The continuous rise in oil prices has led to the doubling of the prices of various plastics in the past 10 years. Plastic is also one of the most important raw materials for daily consumer goods such as toys, lighters and small household appliances. Affected by the rising international oil price, these industries will be greatly impacted

only in the toy industry, according to incomplete statistics, the amount of resin used in all kinds of plastic toys in China reached nearly 3million tons in 2005. Today, with the sharp rise in oil prices again, enterprises producing and selling toys are once again facing the squeeze of oil prices. Compared with other industries, the toy manufacturing industry is more sensitive to the rise in oil prices

it was reported at the Canton Fair last year that in order to cope with the appreciation of the RMB, the rise in the price of production materials, the increase in testing costs and other issues, domestic toy enterprises generally increased the product price by 5% - 10%

for the textile and garment industry, the industry predicts that due to the differences of products, the rise in crude oil prices will bring a cost difference of 10% - 20% to garment enterprises. Some of the costs of these differences will be absorbed by the manufacturing enterprises themselves, while the other part will eventually be passed on to consumers

business people said that the rise in crude oil prices had the greatest impact on clothing products, especially in autumn and winter. In addition to all cotton and wool fabrics, most of the current clothing products are mainly made of synthetic fabrics such as cotton and polyester, of which polyester accounts for about 70%, while synthetic fibers such as polyester fiber are subdivisions closely related to crude oil. In addition, the raw materials of the clothing industry, especially the auxiliary materials, cannot be separated from petroleum products, such as threads, buttons, zippers, hangers, dyes, synthetic fabrics and so on, which are related to petroleum products. Due to different categories of products, enterprises are also affected by the rise in crude oil prices to varying degrees. For example, jacket clothing is more affected than baby clothing. According to the calculation of relevant people, the cost of a dress with a market price of 100 yuan will increase by at least 5 yuan due to the rise in the price of oil

the ceramic industry chain is highly dependent on fuel. It is understood that the kiln body process of the whole ceramic production line needs to be carried out at high temperature, and the fuel oil accounts for about 40% of the ceramic production cost. Since the rise in fuel prices in 2005, many small ceramic tile manufacturers have been overwhelmed and eliminated by the market. According to media reports, more than 200 factories in Foshan closed down in 2005 alone. At the same time, as a "major exporter", the rise in oil prices has also increased the cost of exports. Figures show that in October last year, the price of container shipping from Shanghai to Dubai has risen to 1500 yuan for a small container, compared with 900 yuan two months ago. Shipping prices have nearly doubled in less than three months

in the building materials industry, oil has different user groups, and the price change affects the nerves of various paint enterprises. Since September last year, some small enterprises have started to raise paint prices, mostly at about points. In October, as the international oil price broke through the $90 mark, well-known domestic brand enterprises were forced by cost pressure and could no longer digest it internally. They raised the price of wood paint one after another, ranging from 35 points to more than 10 points, and the price of adhesive products rose to more than 12%

the glass industry is also affected by this. Among them, since heavy oil accounts for about 30% of the cost of glass, high oil prices have increased the cost pressure of glass enterprises

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