Monthly Archives: July 2022

Dichloromethane market fell sharply in early July

According to the data monitoring of business agency, the dichloromethane market fell sharply in the first ten days of July. As of July 10, the average price of dichloromethane bulk water in Shandong was 3015 yuan / ton, down 8.36% from 3290 yuan / ton on the first day.

 

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Since July, the start-up of domestic methane chloride plants has increased slightly compared with the previous period, and the supply is still under great pressure. The performance of the downstream market is weak in the high temperature and off-season, and it purchases on demand.

 

In the first ten days of July, the spot price of methanol fell slightly, and the cost side weakened. According to the business agency, as of July 10, the spot market price of methanol was 2466 yuan / ton, down 2.12% from 2520 yuan / ton on July 1.

 

Future forecast: Analysts of methane chloride data of business society believe that with the sharp decline in the price of dichloromethane, cost support will become the main supporting factor. At present, the willingness of enterprises to significantly reduce the price has weakened, and dichloromethane is expected to rebound slightly in the later period.

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Domestic MIBK market continues to be depressed

The domestic MIBK market operates in a range, and continues to be in a downturn. The overall change is limited. The raw material acetone continues to fall, and the demand side is sluggish and difficult to change. The reference value of the East China market is about 10900 yuan / ton. According to the monitoring data of the business community, the market offer in East China on July 13 was 10900 yuan / ton, which was negotiable, and the short-term market was dominated by weak operation.

 

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The raw material side continued to decline, due to many negative factors on the cost side. Acetone continued to fall, and the market negotiated to around 4680 yuan / ton. Recently, the factory lowered the billing price, and the market also showed a broad downward trend. The mentality of the cargo holders was bad, the focus of trading was continuous downward, and it was difficult to mention terminal procurement.

 

The terminal demand is general, and the downstream orders are dominated by rigid demand. The short-term demand changes are limited. At present, it is difficult to make major changes in costs. The operation enthusiasm of the cargo carriers is general, and the mentality is mainly wait-and-see. Short term weak adjustment operation

 

The business community expects that the MIBK market will be weak in the near future, and the cost side will continue to fall. At present, the downstream is dominated by rigid demand, which is difficult to fluctuate. The cargo holders follow the market, and have little enthusiasm for operation. Moreover, under the influence of the recent peripheral environment, the chemical industry is now bearish, and the short-term MIBK market will be weak and fall in a narrow range.

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PMMA market is stronger in a narrow range

According to the data monitored by the business club, as of July 12, the average price of PMMA, a domestic general transparent premium product, was 16750.00 yuan / ton this week. The price of this week operated in a narrow range and stronger, up 0.75% compared with the same period last week. The price fluctuation range was small. The quotation range of mainstream manufacturers remained at about 16500 yuan / ton. The overall PMMA market price remained stable, the focus of negotiation was stable, and the price range this week was small, The overall market supply and demand balance.

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This week, the average price of PMMA of domestic general transparent superior products was 16875.00 yuan / ton. The overall market operated smoothly, and the price change was not obvious. The quotation range of mainstream manufacturers remained at about 16500 yuan / ton. Merchants actively shipped orders to give up profits. Compared with last week, the price of PMMA remained unchanged. The price of PMMA was stable, the overall supply and demand was balanced, and the purchase was just needed. At present, the focus of negotiation was stable, and the supply side was normal.

 

Rubber and plastic index: on July 11, the rubber and plastic index was 745 points, down 2 points from yesterday, down 29.72% from the peak of 1060 points in the cycle (2012-03-14), and up 41.10% from the lowest point of 528 points on April 6, 2020. (Note: the period refers to 2011-12-01 to now).

 

PMMA analysts of business agency believe that: it is expected that the price of PMMA will operate stably in the short term, and the PMMA market will maintain stable operation in the short term. (if you want to get more commodity information and master commodity prices, you are welcome to subscribe to the commodities of the business club through the official account of the business club. The market is an opportunity).

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Ethylene oxide briefing this week (July 4-july 8)

The price of ethylene oxide has been adjusted in some regions, with an increase of 100 in Central China and 7650 yuan / ton, and the ex factory price in other regions is 7550 yuan / ton.

 

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Upstream, oil prices rose on Friday, which continued to be supported by concerns about the prospect of tight supply, but the global economic recession curbed the rise in oil prices. Spot valuation of light distillate oil in Asia continued to follow the rise of international crude oil futures the previous day. Naphtha spot valuation rose to $85.72 / barrel. Up to now, the latest price of ethylene in Northeast Asia is 980 US dollars / ton, that in Southeast Asia is 1030 US dollars / ton, that of Jinshan Lianmao ethylene is 7400 yuan / ton today, and that of Luxi Chemical ethylene is 7400 yuan / ton today. As of the close of July 8, the spot price difference between Northeast Asia ethylene and naphtha was $101 / ton, down nearly $18 / ton from the previous trading day, far below the break even price difference.

 

The start-up plan of Yangzi Petrochemical and Far East joint venture is postponed, and the volume of China Science and technology equipment is gradually increased. At present, the supply balance of ethylene oxide Market is wide, and the related product ethylene glycol continues to be undervalued, which is difficult to have a positive impact on the price of ethylene oxide.

 

Affected by the price fluctuation in Central China, the quotations of some downstream monomer manufacturers increased slightly, but the overall follow-up was limited, making it difficult to lift the EO market higher on the demand side.

 

Forecast: ethylene oxide Market is temporarily stable.

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The domestic acetone market continued to fall due to insufficient actual orders

At the close of the day, acetone offers in major mainstream markets across the country are as follows:

 

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region ., Quotation, Weekly rise and fall

East China, 4970-5050., – two hundred and eighty

Shandong region, 5300., – two hundred and thirty

Yanshan region, 5350., – one hundred

South China, 5350., – three hundred

 

The focus of the domestic acetone market in East China continued to decline this week. As of Friday’s close, the negotiation in East China fell below 5000 yuan / ton, with a decline of 6% in the week. The international crude oil fell sharply this week, because there were many negative factors in the peripheral environment, the mentality of operators in the field was under pressure, and the shipment sentiment of cargo holders increased. However, the offer continued to decline. Affected by the continuous decline of the market, the factory was seriously upside down, and the listing prices were reduced one after another.

 

There is a heavy wait-and-see terminal demand, there are not enough buyers for market inquiry, the overall trading atmosphere is cold, and the release of real orders is limited. It is expected that the acetone market will fluctuate in a narrow range next week, the trading atmosphere is cold, and it is difficult to release short-term real orders.

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The price of paraformaldehyde is mainly stable

Paraformaldehyde market price trend chart

 

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According to the monitoring of business agency, on July 7, the average production price of paraformaldehyde in Shandong was 5350 yuan / ton, which was flat compared with last week.

 

According to the monitoring data of business agency, the average price of domestic methanol producers was 2656 yuan / ton on July 1, and 2630 yuan / ton on July 7, down 1.31%. On July 1, the average producer price of formaldehyde in Shandong was 1270 yuan / ton, and on July 7, the average producer price of formaldehyde in Shandong was 1246 yuan / ton, down 1.84%.

 

The raw material methanol market is weak, and analysts predict that polyoxymethylene may be reduced.

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Epichlorohydrin market is weak (7.1-7.6)

According to the bulk list data of business society, as of July 6, the average quotation price of epichlorohydrin enterprises was 18466.67 yuan / ton, down 0.72% compared with July 1, 1.25% compared with June 6, and 2.12% year-on-year in a three-month cycle.

 

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Recently (7.1-7.6), the epichlorohydrin market is weak. Recently, the market of raw materials propylene and glycerin has been in a weak position, with insufficient cost support, light demand, poor enthusiasm for downstream inquiries, poor shipments from shippers, a sluggish market transaction atmosphere, pressure on the inventory of individual factories on the supply side, and a continuous decline in the focus of epichlorohydrin Market negotiations.

 

The upstream propylene, according to the data monitoring of business news agency, the reference price of propylene was 7466.60 on July 5, a decrease of 2.79% compared with July 1 (7680.60).

 

Downstream epoxy resin, on July 5, the liquid epoxy resin Market in East China continued to decline, and the negotiation continued to decline. The mainstream negotiation was delivered in barrels of 19300-20500 yuan / ton, and the overall negotiation fell by 200 compared with the previous trading day.

 

The epichlorohydrin analyst of business agency believes that the current cost and supply-demand support are insufficient, the market price is frequent, and the downstream purchasing mentality is cautious. It is expected that the epichlorohydrin market may be weak in the short term.

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Domestic epoxy resin fell all the way in June

The domestic epoxy resin market fell all the way in June, mainly because the demand continued to not improve and the double raw materials plunged, with a significant decline, which came from the lack of positive support on the cost side. The epoxy resin market has entered a declining situation. According to the monitoring data of business agency, the market offer of liquid epoxy resin in East China was 25000-25200 yuan / ton on June 1. On June 30, the market fell to around 20800 yuan / ton, falling 4200-4400 yuan / ton within the month, and the month with a relatively large decline in 2022. As of press time, the offer of liquid resin Market in East China is 20600-21200 yuan / ton in barrels, and the offer of solid resin Market in Shandong is 18500-19000 yuan / ton.

 

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region ., Specifications., Quotation, June decline

East China, E51., 20600-21200., – four thousand and two hundred

Shandong region, E12., 18500-19000., – three thousand and two hundred

 

Raw material bisphenol A: in June, the market of bisphenol a broke down more than expected, and the lack of downstream demand led to the continuous decline of the raw material market, and the whole industrial chain was not good. According to the monitoring data of business agency, the negotiated price in East China was 15100 yuan / ton on June 1, and the market offer in East China was 12650 yuan / ton on June 33, a decrease of 2450% in the month. On the one hand, the demand continued to not improve, and the raw material side was supported in the early stage. In June, the international crude oil was unstable, the raw material phenol and ketone continued to fall, and the cost side also showed negative support. The business club expects that the short-term BPA will continue to hit the bottom. In July, the supply side is still sufficient, and the demand is expected to decrease but not increase. It is expected that the market is expected to fall below 12000 yuan / ton in July.

 

The epichlorohydrin market fell slightly in June. In the first half of the month, the raw material propylene fell, the cost support of propylene method was weak, the price of raw glycerol was high, the cost pressure of glycerol method was still there, the enterprise inventory pressure was controllable, the downstream demand was light, the demand support was weak, and the market atmosphere was weak. In the second half of the month, the prices of raw materials propylene and glycerin fell, the cost support fell, some units were shut down for maintenance, and the market supply contracted, but the demand side was poor, and the high-end negotiations in the market were weak. With the impact of the restart news of some units, the market mentality was under pressure, and the shippers sold at a profit, and the weakness of cyclopropane continued. At present, the cost side support is general, the demand side is light, the supply and demand support is weak, and the market atmosphere is depressed. It is expected that the cyclopropane market may be weak in the short term.

 

Business analysts believe that raw materials continue to decline, and the pressure on downstream raw material inventory increases. It is expected that the supply of epoxy resin will remain sufficient in July, while the downstream will continue to wait and see more. It is expected that the weak trend will continue to decline in July.

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Fundamentals are bad, and the trend of hydrogenated benzene is volatile (June 24 to July 1)

From June 24 to July 1, 2022, the ex factory price of hydrogenated benzene in North China fluctuated and rose as a whole. It was 9500 yuan / ton last weekend and 9550 yuan / ton this weekend, up 0.53% weekly.

 

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Market price of domestic main hydrogenated benzene this week (unit: yuan / ton)

 

Market, Price on June 24, Price on July 1, Up and down

East China, 9400~9500., 9450~9500.,+ twenty-five

Shandong region, 9200~9300., 9200~9300., 0

 

On June 30, the price of international crude oil futures fell. The settlement price of the main contract of WTI crude oil futures in the United States was $105.76 / barrel, down $4.02 or 3.7%; The settlement price of the main contract of Brent crude oil futures was $109.03 / barrel, down $3.42 or 3.04%. The main reason was that the organization of Petroleum Exporting Countries and its allies (opec+) confirmed that its production increase in August was consistent with the previously announced increase, and the supply tension was expected to ease slightly, and the oil price was under pressure.

 

Summary of Sinopec pure benzene price adjustment (unit: yuan / ton)

 

Date, Adjusted price, Adjustment amount

June 6, 9500.,+200

June 8, 9700.,+200

June 10, 10000.,+300

June 22, 9800.,-200

June 27, 9600.,-200

The ex factory price of Sinopec pure benzene was reduced by 200 yuan / ton on June 27, 2022, and 9600 yuan / ton was implemented.

 

Other enterprises: Jingbo Petrochemical quote 9350 yuan / ton, HSBC Petrochemical quote 9300 yuan / ton, Weilian chemical quote 9353 yuan / ton, Xinhai Petrochemical quote 9400 yuan / ton, Hongrun Petrochemical quote 9450 yuan / ton.

 

This week, the hydrogenated benzene market fluctuated, and the overall price increased slightly. Boosted by the strong crude oil and styrene prices at the beginning of the week, the domestic pure benzene market operated strongly at the beginning of the week, and the market performed well. Later, as crude oil and styrene weakened, Sinopec lowered its listing price by 200 yuan / ton, putting downward pressure on the pure benzene market. The trend of benzene hydrogenation enterprises was basically stable in the first half of the week, and the price was slightly corrected in the second half of the week due to the weakness of pure benzene. As of the weekend, crude oil continued to be under pressure, the focus of pure benzene market negotiation fell, and the market price fell again. The domestic price of pure benzene was 9250-9600 yuan / ton. On the whole, although there are many negative factors in the pure benzene market at present, the downstream demand starts to release with the price of pure benzene falling, and the sales of pure benzene is acceptable. Fundamental crude oil is still in a high consolidation trend, and it is expected that pure benzene prices will remain in a high consolidation trend, with limited downward space, boosted by demand.

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This week, the domestic organosilicon DMC market moved downward (6.27-7.1)

According to the monitoring data of business agency, as of July 1, 2022, the market price reference of organosilicon DMC in mainstream areas was 19680 yuan / ton, which was 840 yuan / ton lower than the price on June 26, 2022 (organosilicon DMC reference price 20520 yuan / ton), a decrease of 4.09%.

 

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It can be seen from the data monitoring chart of business agency that this week, the domestic organosilicon DMC market as a whole moved downward. At the beginning of the week (June 27), Shandong big factory lowered the ex factory price of organosilicon DMC by 200 yuan / ton. The quotation of organosilicon DMC of this factory is 20200 yuan / ton. The quotation of other monomer manufacturers remained stable at around 20300-20800 yuan / ton, and the downstream demand was not followed up enough, so the purchase was cautious. In the middle of the week (June 28), Shandong big factory lowered the ex factory price of organosilicon DMC again by 400 yuan / ton. So far, organosilicon DMC fell below the 20000 mark, with reference to 19800 yuan / ton. The leading monomer factory also lowered the ex factory price of organosilicon DMC by 300 yuan / ton. However, the decline did not stop. On July 1, Shandong Daichang lowered the ex factory price of silicone DMC to 18800 yuan / ton again. As of the end of this week (July 1), the ex factory price of domestic organosilicon DMC was around 18800-20000 yuan / ton, with a decrease of more than 4% during the week. At present, the volume of some downstream goods is extremely slightly increased, and the volume of new orders is acceptable.

 

In terms of upstream metallic silicon, the market of metallic silicon first rose and then fell in June. In the first ten days of June, the silicon price maintained a weak and stable operation in the early stage. Then in the middle of the month, driven by the cost, the silicon price continued to rise, with an increase of 1500-2500 yuan / ton. After continuous rising, the price of metallic silicon stabilized. On the one hand, downstream customers pressed the price of raw materials seriously in view of their own profits, on the other hand, silicon manufacturers were holding goods at a loss, with strong price support sentiment, and the upstream and downstream were deadlocked. After maintaining the stalemate for nearly a week, the silicon market began to retreat, and the downstream demand was still sluggish, so the silicon plant was forced to make another price concession. As of the 29th, the national quotation for metallic silicon was 18200 yuan / ton, up 5.63% from the beginning of the month.

 

Aftermarket forecast of organosilicon DMC

 

This week, after the domestic organosilicon DMC fell below the 20000 mark, the downstream mentality was different. Some downstream stocks were properly prepared and replenished on bargain hunting. Some downstream inventories were relatively abundant, so the stock preparation was still cautious and the wait-and-see mood was still in. The organosilicon DMC datagrapher of business society believed that in the short term, the domestic organosilicon DMC market was mainly to stop falling and stabilize the operation, which did not rule out the rebound operation of the market driven by large manufacturers. The specific trend also needed to pay more attention to the basic changes in supply and demand.

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