Analysis generally believes that the counterpart to the “burden reduction†of the petrochemical industry is the increase in operating costs that may be faced by many industries due to the increase in oil prices. Because oil is not only an energy product, it is a chemical raw material with a wide range of uses. The inhibitory effect of high oil prices on other industries will undoubtedly be very obvious. Some experts pointed out that the rise in oil prices will have a profound impact on many downstream industries, and it will mean an increase in costs for transportation, agriculture, and chemical industries. Among them, sub-sectors in transportation, aviation, shipping, logistics, and other transportation sectors are directly affected by the cost and are directly affected by oil prices, and will soon face another increase in costs. In addition, some market participants said that for agriculture, it is currently in the period of spring plowing, and diesel consumption has increased significantly. The increase in refined oil prices will lead to an increase in the cost of agricultural production, which will in turn affect farmers' income. Hydraulic Wood Chipper,Trailer Mounted Wood Chipper,Industrial Wood Chipper,Trailer Wood Chipper Newbang Machinery Co., Ltd. , http://www.ycflailmower.com
Rising oil prices and other industries may be under pressure