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Chinau2019s base chemicals index falls 7% week-on-week amid market volatility

The SW base chemicals index fell 7% week-on-week to 3,869.12 as of Oct. 16, underperforming the broader market, with methanol and lithium carbonate among the biggest decliners.

Chinau2019s base chemicals index falls 7% week-on-week amid market volatility

The SW base chemicals industry index recorded 3,869.12 points as of Oct. 16, down 7% week-on-week and down 12.6% year-to-date, underperforming the CSI 300 and Shanghai Composite. Among chemical product prices, liquid chlorine rose 62.39% and argon 35.03%, while methanol fell 21.23%, industrial-grade lithium carbonate dropped 16.1% and oxalic acid declined 15.03%. International Brent crude rose while NYMEX natural gas fell during the week.

Source: Huachuang Securities / Sina Finance

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