According to the Commodity Market Analysis System of Business Society, as of June 27th, the average price quoted by epoxy chloropropane enterprises was 7875.00 yuan/ton, which is basically the same as the price on Monday.

Recently (6.24-6.27), the market price of epichlorohydrin has remained stable. Recently, the price of propylene raw materials has slightly increased, while the price of liquid chlorine raw materials has risen. The cost support is relatively strong, coupled with the shutdown and maintenance of some equipment, the market supply has shrunk, boosting market sentiment. Downstream inquiries and procurement enthusiasm is average, with small orders and demand buying being the main focus. The focus of negotiations in the epichlorohydrin market is mainly on stability.

Raw material propylene:

According to the commodity market analysis system of Shengyishe, on June 26th, the reference price for propylene was 7200.75, an increase of 5.05% compared to June 1st (6854.60). Recently, the price of raw material propylene has slightly increased, providing support for the epichlorohydrin market.

Future Market Forecast:

According to analysts from Business Society, the current cost and supply side support for epichlorohydrin is relatively strong, but the demand side performance is average. Downstream follow-up is cautious, and it is expected that the epichlorohydrin market may remain stagnant and operate on a wait-and-see basis in the short term. More attention still needs to be paid to market news guidance.

According to the Commodity Market Analysis System of Business Society, the price of acetic acid has been continuously decreasing recently (6.17-6.26). On June 26th, the average market price of acetic acid was 3180 yuan/ton, a decrease of 170 yuan/ton compared to the price of 3350 yuan/ton on June 17th, with an overall decrease of 5.07%.

Recently, the acetic acid market has been weak and declining. The acetic acid maintenance equipment in the market has recovered, and the mentality of manufacturers has weakened. Last week, the quotation of acetic acid factories was continuously lowered, while the enthusiasm for downstream entry into the market was not high. Market trading was limited, and the atmosphere on the market was bearish. The acetic acid market maintained a weak operation. With the increase of acetic acid supply, the intention of manufacturers to discharge inventory was obvious, and the acetic acid quotation once again fell.

As of June 26th, the market prices of acetic acid in various regions are as follows:

Region/ June 17th/ June 26th/ Rise and fall

South China region/ 3175 yuan/ton/ 3125 yuan/ton/ -50

North China region/ 3300 yuan/ton/ 3175 yuan/ton/ -125

Shandong region/ 3350 yuan/ton/ 3180 yuan/ton/ -170

Jiangsu region/ 3125 yuan/ton/ 3040 yuan/ton/ -85

Zhejiang region/ 3225 yuan/ton/ 3140 yuan/ton/ -85

The upstream raw material methanol market fluctuates in a range. On June 26th, the average price in the domestic market was 2520 yuan/ton, which is the same as the price of 2520 yuan/ton on June 17th. The methanol market has sufficient supply, but downstream purchasing sentiment is weak. There is a strong need to follow up when entering the market, and demand support is insufficient. Methanol prices are weak and consolidating.

The downstream acetic anhydride market is operating weakly. On June 26th, the ex factory price of acetic anhydride was 5462.50 yuan/ton, a decrease of 1.58% compared to the price of 5550 yuan/ton on June 17th. The upstream acetic acid market is weak and downward, with insufficient cost support for acetic anhydride. At the same time, the acetic anhydride market has sufficient supply, downstream purchases on demand, and limited on exchange trading. The upstream market is driving the weak consolidation of the acetic anhydride market.

In the future market forecast, the acetic acid analyst from Shengyishe believes that the main acetic acid factories on the market are currently operating normally, and the inventory of enterprises is maintaining a low level of operation. However, downstream demand is weak, and more purchases are made according to demand. Market trading is limited, and the supply and demand game on the market is expected. It is expected that the short-term acetic acid market will observe and consolidate, and prices may operate steadily. In the future, attention will be paid to downstream follow-up.

According to the Commodity Market Analysis System of Business Society, the mixed xylene market has been declining recently (6.18-6.25). On June 25th, the benchmark price of mixed xylene was 7840 yuan/ton, a decrease of 0.76% from 7900 yuan/ton on June 18th.

Cost side: Recently, the crude oil market has continued to rise, and the tense geopolitical situation has resurfaced supply risks. The supply and demand situation is favorable for the oil market. In addition, with the continuous recovery of the Chinese economy and the peak oil consumption season in North America, multiple favorable factors support the upward trend of international oil prices. On June 20th, international crude oil futures rose. The settlement price of the main WTI crude oil futures contract in the United States was $81.29 per barrel, an increase of $0.58 or 0.7%. The settlement price of Brent crude oil futures main contract was reported at $85.71 per barrel, an increase of $0.38 or 0.4%.

Recently, the trend of the phthalic anhydride market has diverged, with neighboring phthalic anhydride operating weakly and naphthalene phthalic anhydride slightly rising. The continuous tight supply of naphthalene phthalic anhydride in the northern region has driven up the local market price of naphthalene phthalic anhydride. From the perspective of demand, it is still weak at present, especially in the recent continuous losses of ortho phthalic anhydride. The market expects that the weak demand pattern will be difficult to change in the short term. However, naphthalene phthalic anhydride has been boosted by tight supply, and the market price has maintained a high volatility trend, which will continue to remain high in the short term.

This week, the mixed xylene market has been operating weakly. As of the 25th, the mainstream quotation range for the xylene market in Shandong Province was between 7730-7750 yuan/ton in the morning, while the mainstream quotation range for the xylene market in East China was between 7750-7760 yuan/ton. The rise in crude oil prices has led to an improvement in market sentiment, but the downstream delivery capacity is limited, maintaining essential procurement and lacking demand support. This week, prices have remained stable and weak.

Market forecast: In the near future, crude oil prices will continue to rise, and finished oil products will soon face a new round of adjustment. Boosted by the rise of crude oil, there is a high possibility of an increase this time. Currently, the overall social inventory of xylene is low, and the good news still exists. However, the downstream delivery capacity is still weak, and the price of external MX has declined, which has a certain drag on the market. Overall, the market lacks downstream support and operates weakly.

According to the Commodity Market Analysis System of Business Society, the toluene market has been operating steadily recently (6.17-6.24). On June 24th, the benchmark price of toluene was 7600 yuan/ton, unchanged from the 17th.

Cost side: Recently, the crude oil market has continued to rise, and the tense geopolitical situation has resurfaced supply risks. The supply and demand situation is favorable for the oil market. In addition, with the continuous recovery of the Chinese economy and the peak oil consumption season in North America, multiple favorable factors support the upward trend of international oil prices. On June 20th, international crude oil futures rose. The settlement price of the main WTI crude oil futures contract in the United States was $81.29 per barrel, an increase of $0.58 or 0.7%. The settlement price of Brent crude oil futures main contract was reported at $85.71 per barrel, an increase of $0.38 or 0.4%.

The external market of p-xylene has decreased, and the support for toluene is weak due to the weak demand

This week, the comprehensive operating rate of domestic PX is about 83%. The price of xylene by Sinopec Sales Company is temporarily stable, and the current execution price is 8700 yuan/ton. This price is implemented in East China, North China, Central China, and South China. Units such as Yangzi Petrochemical and Zhenhai Petrochemical operate stably, with stable production and sales. The external PX price has declined, with CFR China closing at $1039.67 per ton as of June 21, a decrease of $2.66 per ton from last week.

This week, the trend of the toluene market has been relatively stable, with Sinopec’s various enterprises operating normally, stable production of equipment, multiple products for self use, and stable production and sales. The prices quoted by enterprises have remained unchanged compared to the previous day, with prices quoted by East China Company at 7650 yuan/ton, North China Company at 7500 yuan/ton, and South China Company at 7650-7700 yuan/ton. The overall trend of the fundamentals is weak, with spot market prices slightly declining. As of the 24th, the mainstream quotation range in the toluene market in East China today is 7500-7530 yuan/ton, a slight decrease of 30 yuan/ton compared to the previous trading day. The market atmosphere remains weak, prices fluctuate narrowly, downstream demand remains weak, and actual negotiations are weak. At present, downstream disproportionation enterprises in the East China region are maintaining essential procurement, which provides certain support to the market. The market price difference has narrowed, and some export orders in the East China region have performed well. The market atmosphere has slightly improved, but overall it is still weak. In terms of demand, downstream suppliers maintain rigid procurement, with overall weak support and weak market trends

Future Market Forecast: Fundamentally speaking, there are still bearish expectations in the market, and downstream demand is generally weak. With some export orders supporting it, the overall strength is limited, and the market atmosphere is bearish. The expectations for oil adjustment and dismutation demand are also bearish. But there are maintenance plans for some toluene units on the supply side, and the supply is expected to tighten. Overall, the toluene market is mixed with both negative and positive factors, and it is expected that the short-term trend of range consolidation will be the main trend under the atmosphere of supply and demand competition.

1、 Price trend

Taking the sulfuric acid method rutile type titanium dioxide with a large volume of goods in the domestic market as an example, according to data monitoring by Business Society, the domestic titanium dioxide market has been downward this week. The average price of titanium dioxide on Monday was 16116.67 yuan/ton yuan/ton, and on Friday it was 15966.67 yuan/ton, with a price reduction of 0.93%.

2、 Market analysis

The domestic titanium dioxide market continued to be weak this week. Overall, the international export situation is still good, while the domestic terminal market demand is poor. The titanium dioxide market continues to be weak, and there is a strong wait-and-see sentiment on the market. This week, some manufacturers continued to lower their factory prices, and overall, the market’s order acceptance situation remains weak. Purchasing is cautious, with a focus on just in need purchases. As of now, most domestic sulfuric acid based rutile titanium dioxide quotations are between 15400-16200 yuan/ton; The quotation for rutile titanium dioxide is around 14500-15300 yuan/ton. The actual transaction price is negotiable.

In terms of titanium concentrate, the market price of titanium concentrate in the Panxi region continues to decline. Downstream titanium dioxide enterprises have a weak market situation, with poor market demand. There is a strong wait-and-see sentiment in the trading of titanium concentrate, and market procurement is cautious. As of now, the tax-free quotation for grade 38-42 titanium ore is around 1500-1550 yuan/ton, the tax-free quotation for grade 46 10 titanium concentrate is around 2200 yuan/ton, and the tax-free quotation for grade 47 20 titanium concentrate is around 2500-2630 yuan/ton. In the short term, the price of Panxi titanium concentrate may continue to operate weakly and steadily, and the specific actual transaction price will be negotiated separately.

Zhejiang Securities quoted EU documents today as stating, “The market expectation for this tariff policy in supermarkets is about 10% to 20%.”

3、 Future Market Forecast

Business Society Titanium Dioxide Analyst believes that currently, the price of titanium concentrate in the Panxi region has fallen, with weak support for raw materials and sustained weak downstream market demand. At present, the EU anti-dumping tax rate has not yet been implemented, and the market is cautious and watching. It is expected that the titanium dioxide market will remain weak and stable in the short term, and the actual transaction price will remain unchanged.