On February 2, local time, international oil prices closed up sharply. As of the close of the day, the price of light crude oil futures for March delivery on the New York Mercantile Exchange rose $1.21 to close at $54.76 per barrel, an increase of 2.26%; the price of London Brent crude oil futures for delivery in April rose $1.11. It closed at 57.46 US dollars per barrel, an increase of 1.97%.

 

The crude oil price increase leads to many chemicals price increase, hydrocarbon resin, N-heptane,  cyclohexane,  cyclohexnone, Methylene Chloride, etc.

 

Our price setting team suggest all customers to take in necessary goods as stock to avoid more cost.