Caixin Futures: The chemical sector continues to underperform as crude oil's low-level consolidation weighs on the energy chemical chain

汇通财经2026/06/26 12:20

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

⑴ The United States has exempted Iranian oil and petrochemical product exports, the strait is gradually being reopened, tensions continue to ease, and the market is expected to remain weak; international crude oil prices continue to fluctuate at low levels, with the domestic energy and chemical sector following suit, and the chemical sector expected to remain bearish.⑵ The US and Iran have confirmed the contents of the memorandum of understanding, with all parties finalizing a 60-day roadmap. The agreement will open the Strait of Hormuz and lift Iranian oil sanctions. Although there have been recent geopolitical fluctuations, overall, the situation is developing toward easing, and fuel oil is expected to perform weakly.⑶ In the asphalt sector, Shandong 70# heavy-duty asphalt prices are 4,400 yuan/ton, unchanged from the previous period; during the week, the operating rate of 77 domestic heavy-duty asphalt companies was 15.8%, an increase of 1.8% from the previous period. The total shipment volume of 54 domestic asphalt manufacturing enterprises was 167,000 tons, down 6.2% week-on-week. The total inventory of 54 domestic asphalt sample enterprises stood at 807,000 tons, an increase of 0.6% from May 22 and a year-on-year increase of 3.1%. The total inventory of 104 social warehouses for domestic asphalt was 1.135 million tons, a decrease of 3.3% from June 22 and a year-on-year decrease of 38.4%. Overall, the asphalt market is in a situation of both weak supply and demand. With the easing of the US-Iran situation in the mid-term, asphalt may continue to adjust weakly.⑷ In the glass sector, prices in the North China market remain basically stable, with some companies having good order deliveries, and industry participants mainly restocking at low prices. Current industry daily production is about 146,000 tons, and this week, float glass inventories reached 76.443 million heavy boxes, an increase of 450,000 heavy boxes (+0.59%) from the previous period and a year-on-year increase of 10.44%. The recently released "Three-Year Action Plan for Energy Conservation and Carbon Reduction in Key Industries" involves the glass industry, where technological renovation will raise industry costs and keep supply low, but demand expectations remain weak. Medium-term supply and demand pressure persists, and a short-term strong fluctuation is expected.⑸ The soda ash market lacks upward drivers, with prices consolidating at the bottom, downstream demand being lukewarm, and low-priced restocking occurring towards the end of the month. This week, the comprehensive capacity utilization rate for soda ash was 78.80%, compared to 81.03% last week, a decrease of 2.23%. On Thursday, total inventory at domestic soda ash producers was 1.7324 million tons, an increase of 6,000 tons (+0.35%) compared to Monday. Currently, the basis price offers are: Hebei warehouse delivery for 09-50, Shahe delivered for 09-10, and Inner Mongolia manufacturer offers for 09-290 to 300. Looking to the medium term, supply-side drivers and unchanged demand suggest that the market will continue to fluctuate at low levels in the short term.⑹ In the methanol market, spot prices in Taicang are 2,750 yuan/ton, and the North Line of Inner Mongolia is at 2,340 yuan/ton, down by 50. Methanol prices are showing mixed performance, with futures fluctuating slightly upward, port prices supported by tight liquidity, and the near-term basis has shown strength.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

05:37 PM EDT, 10/05/2026 (MT Newswires) -- Allegion (ALLE) said late Monday it has acquired privately held Overly Door Company, a manufacturer of custom specialty doors for acoustic, blast, bullet-resistant and vault security. Overly, based in Greensburg, Pennsylvania, will operate as part of the Allegion Americas segment, it said. Terms of the transaction weren't disclosed.

MT newswire•2026/10/05 21:37

Updated Version 3 - According to the Financial Times, McKesson and CD&R are close to reaching a deal worth more than $5 billion to acquire Option Care.

In the fifth paragraph, a quote from analyst Sahil Pandey was added. Reuters, October 5 - According to the Financial Times, citing informed sources, pharmaceutical distributor McKesson (MCK.N) and private equity firm Clayton Dubilier & Rice are about to reach an acquisition agreement to purchase infusion service provider Option Care Health, with the deal valued (including debt) at over 5 billions USD. After the report was published, Option Care's share price rose by 21% in after-hours trading. The report stated that the deal could be announced as early as Tuesday, but negotiations could still fall through. This potential acquisition would be McKesson’s latest move in expanding its healthcare services portfolio. In August this year, the company agreed to acquire Precision Medicine Group for about 2.25 billions USD (link), as part of its effort over the years to strengthen high-growth business sectors. Leerink Partners analyst Michael Cherny said the “strategic logic” of the deal makes sense, as it would expand McKesson’s business from physician offices to care settings in the home and alternative sites. Option Care provides infusion services that allow patients to receive intravenous treatments at home or other outpatient settings, eliminating the need to go to the hospital. McKesson has previously been restructuring its business portfolio by divesting non-core assets and investing in fields such as oncology and specialty care (link). Driven by the growth of its specialty distribution business and contributions from acquisitions, revenue for its oncology and multi-specialty business segment grew by 33% in the latest fiscal quarter. McKesson declined to comment, while CD&R and Option Care did not immediately respond to Reuters’ requests for comment regarding the report. (For non-English speakers' convenience, Reuters offers automated machine translations of its reports in several languages. As there may be mistakes in the automated translations or some context may not be included, Reuters does not guarantee the accuracy of the automated translation text, which is provided solely for readers’ convenience. Reuters bears no responsibility for any damages or losses caused by the use of automated translation functions.)

路透社•2026/10/05 21:18

Centalion acquires Hainesville natural gas assets from Silver Hill

Reuters, October 5 - Centalion Group announced on Monday that it has acquired upstream and midstream natural gas assets in the Haynesville region of Texas and Louisiana from Texas-based private shale company Silver Hill Energy Partners. The commodities trader, formerly known as Gunvor, rebranded as Centalion Group last week (link), and stated plans to relocate its corporate headquarters from Cyprus to Singapore. A spokesperson for Centalion Group said the Haynesville platform, composed of Post Oak and Silver Hill assets, has an enterprise value of approximately $2 billion. In August, Reuters cited sources stating that Centalion Group (link) was negotiating the acquisition of Silver Hill's assets, with a deal valued between $1.2 billion and $1.5 billion. The assets currently produce about 300 million cubic feet per day of natural gas (MMcfd), and the portfolio includes approximately 72,000 net acres in the Haynesville and Bossier development areas. "Our consideration was to establish operations in this basin, a hub for both domestic and export markets, in order to seize this option and create value from it," the spokesperson added. (To assist non-English speakers, Reuters offers automated translation of its reports into several other languages. Due to possible errors in automated translations or missing required context, Reuters does not guarantee the accuracy of automated translation texts, and provides them solely for readers' convenience. Reuters is not liable for any damages or losses resulting from the use of the automated translation feature.)

路透社•2026/10/05 20:41

Federal Reserve Board announces approval of application by Isabella Bank Corporation

•2026/10/05 20:33