Since 2020, the COVID-19 has invaded the world, severely hit all walks of life, including the chemical industry, and caused immeasurable losses to the global economy from production to trade to consumption. As the basic industry of the global economy, the chemical industry has undergone particularly important changes, which has to attract our attention.

At the beginning of 2020, the integrity of the entire chemical industry chain has not been effectively recovered, and all kinds of chemical raw materials (except propylene production chain due to the epidemic) such as emulsifier, penetrant, polyethylene glycol and other chemical raw materials have fallen to a new low in history. The downstream terminal industry could not operate normally due to the epidemic, resulting in a sharp decline in the demand for raw materials. Due to the rapid development of the epidemic and the unfavorable epidemic prevention in various countries, especially the major chemical producers (the United States and Saudi Arabia), the economy has stagnated in a short time, and the demand for raw materials in some industries is close to zero. For the development of the global economy and the chemical industry, most of the major investors reported a negative attitude. Chemical industry practitioners once thought that the spring of chemical industry was far away. With the epidemic situation being gradually controlled, especially the decisive victory of the Chinese epidemic prevention war, the recovery of China's domestic and end consumer industries, the increasing demand for chemical products, and the restrictions on overseas import and export, chemical raw materials have been rising since the second half of 2020. Many people think that chemical raw materials are crazy, and indeed many raw materials have reached historical highs. According to the Chinese habit of buying up but not falling, and at the same time, the demand is increasing, so the chemical market is in short supply. This situation has inspired chemical raw material producers and traders, and to a certain extent made up for the losses caused by the epidemic to the industry.

After January 2021, with the gradual approach of the year of China, the shutdown period of most logistics and factories has come. In addition, the possible outbreak period of a new round of novel coronavirus, the market has a deeper intention of hoarding goods than in previous years. Therefore, the price of chemical raw materials remained relatively high before the year. The logistics of overseas trade has been gradually unblocked, which has also increased the influence on the international market as a manufacturing power years ago. Buyers have also increased, which has further stabilized the high price of the chemical market. The price hikes of upstream raw material producers are in sharp contrast to the weakness of downstream end manufacturers. Basic raw materials, such as propylene glycol and dipropylene glycol products of solvents, have reached historical high values, and the supply once exceeded the demand, and there is no short-term price reduction trend. Due to the limited acceptance ability of consumers, the price of downstream end products is weak, and the sales volume is insufficient. This has led to the embarrassing situation of intermediate traders, resulting in the situation of internal turnover in the chemical industry.

With the new development pattern that the national domestic cycle is the main body and the domestic and international double cycles promote each other, the country will inevitably stimulate economic recovery and growth, stimulate consumption and solve the problem of terminal stop through fiscal and monetary means. In addition, as the domestic epidemic is controlled and tends to be stable for a long time, the consumption capacity is bound to recover after the outbreak period in foreign countries. China has a huge population consumption capacity. As long as it takes time, the growth and driving of consumption will inevitably invigorate the downstream end consumer goods manufacturing industry. In addition, as the abnormal high prices of upstream chemical raw materials tend to fall, the blood of intermediate trade is bound to be smooth, and the blood of the entire chemical industry is bound to recover and surpass the past.