With the coming of 2007, influenced by the decreasing demand due to warm weather and England & US exploring oil in Iraq , oil futures price declined to about 52Dollars/barrel, down about 13% than last year.
In 2007, three factors influencing oil price can see new change: first, more oil can be supplied due to the exploring of Iraq oil and increased oil output of Africa. Second, the slack dollar can not support the oil price. Third, market has been posing the suspicion to OPEC continually since October. All above will decline the oil price 45USD to 45USD
The sections with high dependence on oil price, such as fertilizer, pesticide, dyeing, plastic, chemical fiber etc will reduce their cost obviously. ,
Some enterprises will make more benefit, including the enterprises in chemical fiber industry Ji Ling Chemical Fiber Co., Shandong Hailong Co., Wanwei Stock Co.; the one in plastic industry Fosu stock Co., Zhongda Stock Co., etc; the one in textile dying industry Zhejiang Chuanhua Stock Holding Co., Zhejiang Longsheng etc; chemical fiber stock Co.,--Guangzhou Langqi, Lanxing Cleaning Co., Yinglite Co., Beijing Huare, Xinjiang Tianye, Daqing Huake Co., Nanfeng Chemical fiber Co. etc.
