International Energy Consumption Demand May Slow Down International Oil Prices

    Due to concerns about the decline in international energy consumption demand, international oil prices fell slightly on the 19th.

    The People's Bank of China once again raised the deposit reserve ratio of commercial banks on the 19th, which made the market worried that the growth rate of China's economy may be suppressed, and the demand for international energy consumption may be affected. However, as the EU, IMF and Irish officials began negotiations on debt assistance in Ireland, investors’ concerns about the debt issue in the euro area have eased, and the euro’s exchange rate against the US dollar has risen slightly, inhibiting the drop in oil prices.

    By the close of the day, light crude oil futures for December delivery on the New York Mercantile Exchange fell 34 cents to settle at $81.51 a barrel. The North Sea Brent crude oil futures market in London fell 71 cents to close at 84.34 US dollars a barrel.

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    Polyethylene wax (PE WAX), also known as polymer wax referred to as polyethylene wax. Because of its excellent cold resistance, heat resistance, chemical resistance and wear resistance and has been widely used.
    1. Used as excellent external lubricant in PVC profile, pipe, pipe fitting, foam board, WPC products ,etc. It has good late-period lubricating ability ,and will bring more glossy appearance and lower processing torque.
    2. Used as efficient dispersant in masterbatch , filled masterbatch, modified masterbatch and functional masterbatch. It makes the products inorganic components and pigments dispersed better, and get more beautiful appearance .
    3. Used as excellent external lubricant in PVC stabilizer , especially in Ca-Zn stabilizer. Additional use suitable inner lubricant, it will highly improve the overall effect of stabilizer and increase the cost-effective correspondingly.
    4. Used in hot melt adhesives can better adjust the products viscosity and hardness, improve its fluidity. .
    5. Used in paint, coating and the road marking paint,its main performance is heat resistance, deforming ,leveling, anti-setting and dispersion. It can increase the products surface hardness, wear-resistance and anti-smearing properties.
    6. Used as modifier in paraffin wax, and improve the paraffin`s melting point , crystallinity ,etc.
    7. Used as releasing agent and protective agent in rubber .

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    Hengshui Yimei New Material Technology Co.,Ltd , https://www.yimeipewax.com

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