Recently, the market for epoxy propane has remained stable, with some companies experiencing narrow price fluctuations. According to the Commodity Market Analysis System of Business Society, as of December 19th, the average price of epoxy propane for enterprises was 9287.50 yuan/ton, a 0.13% decrease compared to last Wednesday (December 13th).

Cost side: According to the commodity market analysis system of Shengyishe, the domestic propylene (Shandong) market has recently experienced a slight decline. On December 19th, the reference price for propylene was 6883.25, a decrease of 3.13% compared to December 1st (7105.75). Recently, the upstream liquid chlorine price has slightly increased, and the cost face is generally supported by the epoxypropane market.

Supply and demand side: Last Wednesday, the supply was stable and factory shipments were flat, with limited downstream follow-up. As prices remained low, downstream watchful increments followed, factory shipments rebounded, and inventory pressure gradually eased. At the beginning of this week, Qixiang stopped selling 70%, supporting the market’s price boosting mentality. Downstream watchful follow-up was moderate. On December 19th, the mainstream quotation in the East China epoxy propane market was 9200-9300 yuan/ton.

The epoxy propane analyst from Business Society believes that the current cost support is average, factory shipments are still acceptable, and the market has a strong wait-and-see atmosphere. It is expected that in the short term, the epoxy propane market may continue to operate in a consolidation manner, and more attention should be paid to market news guidance.

1、 Price trend

According to the Commodity Analysis System of Business Society, the domestic market price of new pentanediol has slightly declined this week. This week, the average price of new pentanediol in the mainstream domestic market dropped from 9575.00 yuan/ton at the beginning of the week to 9525.00 yuan/ton over the weekend, a decrease of 0.52%, and the weekend price increased by 3.91% year-on-year. On December 18th, the new pentanediol commodity index was 45.90, unchanged from yesterday, a decrease of 55.70% from the highest point in the cycle of 103.61 points (2021-09-22), and an increase of 6.62% from the lowest point of 43.05 points on November 28th, 2022. (Note: The cycle refers to the period from September 1, 2021 to present)

2、 Market analysis

The mainstream market price of new pentanediol has slightly declined this week.

From the upstream raw material market of neopentyl glycol, the price of isobutyraldehyde in the domestic market has slightly increased this week. This week, the average price of isobutyraldehyde in the mainstream domestic market increased from 7900.00 yuan/ton at the beginning of the week to 7933.33 yuan/ton over the weekend, an increase of 0.42%. The weekend price increased by 20.20% year-on-year. The upstream raw material market prices have slightly increased, with good cost support. However, due to the impact of supply and demand, it has a positive impact on the price of new pentanediol.

3、 Future prospects

In late December, the trend of the new pentanediol market may fluctuate slightly and rise mainly. The upstream isobutyraldehyde market has slightly increased, with good cost support. The downstream paint market is average, and downstream procurement enthusiasm is average. Business Society’s new pentanediol analyst believes that in the short term, the market for new pentanediol may experience slight fluctuations and increases due to various factors such as supply and demand and raw materials.

According to price monitoring data from Business Society, as of December 18, 2023, the domestic market price of n-propanol was referenced at 7850 yuan/ton. Compared with December 12, 2023 (reference price of n-propanol was 7883 yuan/ton), the price was reduced by 33 yuan/ton. Compared with November 1, 2023 (reference price of n-propanol was 7766 yuan/ton), the price was increased by 34 yuan/ton, an increase of 1.07%.

From the monitoring chart of Business Society data, it can be seen that in the recent period (12.12-12.18), the overall market situation of domestic n-propanol has shown a slight decline. In early December, the domestic n-propanol market remained stable and the fundamentals within the n-propanol market were relatively calm. Until mid December, some n-propanol factories and operators in Shandong region narrowly lowered the price of n-propanol by about 50-100 yuan/ton, driving a slight decline in the overall n-propanol market. The supply and demand side of n-propanol was relatively stable, and the market did not continue to decline. After a slight decline, the overall market remained stable. As of December 18th, the domestic market price in Shandong region is around 7000-7800 yuan/ton. The normal operation of the n-propanol plant in the Nanjing area, and the overall stable operation of the n-propanol market, with a reference price of around 8500-9000 yuan/ton for the n-propanol market. Dealers in different regions still have reservations about prices, and the difficulty in monitoring prices may lead to differences in specific negotiation situations. Each region also has differences, and actual negotiations are the main focus.

Prediction of future market trends of n-propanol

At present, the overall trading atmosphere in the domestic n-propanol market is mild, and the supply side is stable. Downstream demand orders are mainly based on rigid procurement. Business Society’s n-propanol data analyst predicts that in the short term, the domestic n-propanol market will mainly operate with large stability and small fluctuations. The specific trend still needs to pay more attention to changes in supply and demand news.

1、 Price trend

According to the monitoring of the commodity market analysis system of Business Society, the spot price of PVC carbide method SG5 rose first and then fell this week. Overall, the price has increased. Last Friday, the average domestic PVC price was 5646 yuan/ton, and this Friday’s average price was 5698 yuan/ton, with a price increase of 0.92% during the week..

2、 Market analysis

This week, the domestic spot market price of PVC rose first and then fell, and overall, the price has increased. At present, the spot market situation is average, with light trading and low enthusiasm for downstream procurement. The manufacturer’s quotation is mainly stable. Downstream demand for goods is still cautious in actual transactions. As of now, the quotation range for PVC SG5 carbide materials in China is mostly around 5400-5830 yuan/ton.

On December 14th, international crude oil futures continued to rise, with a significant increase. The settlement price of the main WTI crude oil futures contract in the United States was $71.58 per barrel, with an increase of $2.11 or 3.0%. The settlement price of Brent crude oil futures main contract was 76.61 yuan/barrel, an increase of 2.35 US dollars or 3.2%. Previously, there was a oversold in the market, with the weakening of the US dollar driving up oil price valuations. Coupled with the International Energy Agency (IEA) raising its forecast for next year’s oil demand, the oil market was boosted.

In terms of calcium carbide, according to data monitored by Business Society, the prices of calcium carbide manufacturers have increased this week. Last Friday, the average price of domestic calcium carbide was 2900 yuan/ton, and this Friday’s average price was 2933.33 yuan/ton, with a price increase of 0.57% during the week. The upstream blue charcoal market is stable and weak, with average cost support. The downstream PVC market has slightly increased, leading to an increase in demand for calcium carbide.

3、 Future Market Forecast

Business Society PVC analysts believe that the trading situation in the PVC spot market this week is average. Upstream calcium carbide has slightly increased, with overall support being average. Downstream demand is poor, there is a strong wait-and-see atmosphere, and procurement enthusiasm is relatively low. It is expected that the PVC market will consolidate and operate within a certain range in the short term, and we will closely monitor changes in the news.

According to the Commodity Market Analysis System of Shengyishe, as of December 14th, the average quoted price of 85% industrial grade formic acid enterprises in China was 3325.00 yuan/ton, which remained unchanged compared to Monday and increased by 10.83% compared to the same period last year.

This week, the domestic industrial grade 85% formic acid market has been operating steadily, with enterprise quotations ranging from 3000 to 3500 yuan/ton. Recently, the upstream sulfuric acid market prices have been weak and stable, while the upstream methanol market has been weak and consolidating, with weak cost support. Downstream industries such as pharmaceuticals, rubber, leather, and pesticides are mostly purchasing according to demand, and the enthusiasm for inquiry procurement is still good. Enterprises often quote prices around the range based on their own situation. According to the Commodity Market Analysis System of Business Society, on December 14th, industrial grade 90% formic acid enterprises quoted around 3700-4000 yuan/ton, and on December 14th, industrial grade 94% formic acid enterprises quoted around 4200-5000 yuan/ton.

Business Society formic acid analysts believe that the current cost support is average, and downstream companies need to follow up. Holders are actively shipping, and it is expected that the domestic industrial grade 85% formic acid market will remain stable in the short term. More attention still needs to be paid to market news guidance.