Monthly Archives: March 2020

Weakness of cyclohexanone market (2.24-2.28)

1、 Price trend

 

This week, the domestic cyclohexanone market was weak. According to the monitoring data of the business agency, the average price of domestic cyclohexanone producers at the beginning of the week was 7383 yuan / ton, and the price of cyclohexanone at the end of the week was 7350 yuan / ton, down 0.45% in the week. The price was 0.45% lower than that of the same period last month and 21.67% lower than that of the same period last year.

 

2、 Market analysis

 

Polyglutamic acid cosmetic grade

Product: the market of cyclohexanone was weak this week, with light trading. The pure benzene market is weak and downward, and the cost side is not stable, but the downstream caprolactam deficit factories maintain low load operation. Most of the factories have met the supply of caprolactam, and they basically do not need to take out cyclohexanone. The solvent factories are slow to return to work, and the demand for cyclohexanone in their own solvent market is too small, the overall market demand is sluggish, the transaction is weak, and the market shipment is released Slow, cyclohexanone to maintain low load operation, part of the factory high price offer down 100 yuan / ton.

 

Industrial chain: in terms of raw materials, pure benzene: affected by the three consecutive declines in crude oil in the week, the prices of bulk commodities and external market fell, and the peripheral support of pure benzene weakened. In the week, the terminal enterprises returned to work one after another, but the progress was slow. Styrene and phenol directly downstream of pure benzene still faced a large shipping pressure, the load continued to be low, and the enthusiasm for the delivery of pure benzene was not high. The inventory pressure of the main refineries was relatively high, and the listing was lowered from 150 yuan / ton to 5350 yuan / ton on the 26th. Although some participants speculated that the spread of health events in South Korea might lead to the possibility of reducing the subsequent arrival of pure benzene in East China, hoping to support the price, the price in East China remained volatile and weak.

 

Caprolactam: this week, the caprolactam market fell slightly, the sentiment in the market was still pessimistic, the process of terminal resumption was slow, the staff of the downstream small and medium-sized enterprises were still short of jobs and orders, the actual demand was not improved for the time being, the low price of polymerization chips and the shipment had not yet restricted the enthusiasm of raw material procurement, and the manufacturers with high caprolactam storage location negotiated the shipment according to their own conditions, North China raised 100 yuan / ton, while East China’s price still fell.

 

Polyglutamic acid agriculture

Adipic acid: this week, adipic acid is in a chaotic downward trend. It is worth noting that most industries and enterprises in the downstream have been recovering in succession, and the logistics and transportation situation has basically improved. However, the overall load in the downstream is not high, the rigid demand for raw materials is small, and the purchase is cautious, and the production and sales are gradually weakening. However, the weak raw material end and the bad news on the periphery hit the market confidence more obviously. In the week, crude oil returned to the bottom of the “5″ word again, breaking a new low in the past year. The main raw material of adipic acid, pure benzene, was also weak on the outside. The listing of the main business reduced 150 yuan / ton, making the negative mentality more obvious at the same time

 

3、 Future forecast

 

From the perspective of cost, crude oil and pure benzene are in weak operation, and the cost support is insufficient; on the demand side, due to the sluggish demand of the terminal market, downstream caprolactam maintains low load operation, and the demand for solvent is less, and it is expected that the purchase demand for cyclohexanone is still low. However, the recent shipment of cyclohexanone is not smooth, and the social inventory pressure is too high. According to the analysis of cyclohexanone in the business society, the market of cyclohexanone in the short term is biased Weak operation.

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Prices of dichloromethane in Shandong Province fluctuated in February

Market Overview:

 

According to the monitoring of bulk data from the business agency, the dichloromethane market in Shandong fell first and then rose. At the beginning of the month, the average price of dichloromethane was 2570 yuan / ton, which fell to 1900 yuan / ton in the middle of the month, down 26.07%. At the end of the month, it rose to 2480 yuan / ton, up 30.53%, and fell 3.5% in the whole month.

 

Market analysis:

 

Polyglutamic acid cosmetic grade

Product: affected by the epidemic situation, the downstream market demand is hard to recover, and the dichloromethane enterprises are still able to start work, with high inventory. Before the middle of February, the enterprises continued to reduce the inventory pressure and reduce the price for shipment; after the middle of February, the dichloromethane production enterprises in Shandong generally stopped to reduce the load, including Shandong Jinling 440000 tons / year device, Dongying Jinmao a set of 40000 tons / year still in the state of stop, Luxi The 400000 T / a chemical plant and 280000 T / a plant in Dongyue, Shandong Province are in semi negative operation, so the inventory of the enterprise is also reduced, and the quotation of the enterprise continues to rise. At present, most enterprises in Shandong Province pay more attention to inventory pricing, and the main quotation is about 2430-2500 yuan / ton; the quotation in Jiangsu Province is about 2900 yuan / ton; the quotation in Jiangxi Liwen is about 2750 yuan / ton.

 

Industry chain: in the upstream, the terminal enterprises in the natural gas market have a high enthusiasm for resumption of work, the market demand has increased, the overall delivery and investment has turned better, the liquid price has been rising continuously, and it will fall back towards the end of the month, at present, about 3053 yuan / ton; in the upstream, the methanol production enterprises in the main production areas of Shaanxi and Mongolia are temporarily available for shipment, the traders are mainly in charge of receiving goods, some of them are connected with the bidding of the downstream enterprises, and the transportation vehicles are recovering At present, there is no obvious change in the start-up of downstream enterprises, with partial replenishment as the main part, at about 2022 yuan / ton; the overall supply and demand of the liquid chlorine market are weak, and the enterprise has a strong attitude towards price fixing, but the trade and investment in the industry is poor, at present, about 100-300 yuan / ton. In the downstream, the domestic refrigerant market is still at a low level, and the intra industry trading is relatively weak; the pharmaceutical and agricultural market and solvent industry are not at a high level, the demand is flat, and the price support for dichloromethane is insufficient.

 

Polyglutamic acid fertilizer grade

Future forecast:

 

According to the data analyst of methane chloride of business association, at present, dichloromethane enterprises in Shandong province mostly depend on inventory pricing, and the start-up of enterprises is still at a low level. The situation of tight spot supply is hard to recover in a short time. However, the downstream market is just in need, and the trading is flat, and it is expected to be stable and upward in a short time.

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