Category Archives: Uncategorized

Insufficient demand power, narrow decline in butyl acrylate

This cycle (5.6-5.13) saw a narrow decline in the butyl acrylate market. As of May 13th, the benchmark price of butyl acrylate in Shengyishe was 9380.00 yuan/ton, a decrease of -0.64% compared to the beginning of this month (9440.00 yuan/ton). The prices in the East China market are between 9250-9350 yuan/ton, the North China market is between 9350-9550 yuan/ton, and the South China market is between 9450-9650 yuan/ton. Market range consolidation, weak and stable quotes from mainstream production enterprises, market holders negotiate actual price reductions, and downstream buyers replenish positions as needed on dips.

 

Supply side:

 

In this cycle, the domestic market price of n-butanol remained stable with a strong trend. The ex factory price in Shandong was 7900-7950 yuan/ton, and the production of n-butanol in the market slightly declined. In addition, factory inventory remained low, leading to a tightening of spot supply in the market. The overall downstream production was stable, with primary demand procurement and active low price transactions in the market. It is expected that the domestic price of n-butanol will shift towards high-end operation next week.

 

The range of raw material acrylic acid market has been sorted and operated. As of May 13th, the benchmark price of acrylic acid in Shengyishe was 6900.00 yuan/ton, an increase of 1.10% compared to the beginning of this month (6825.00 yuan/ton). The cost pressure on acrylic acid is still ongoing. Recently, production equipment has been shut down for maintenance, providing some support for the market. Some large factories have raised their listed prices, boosting bullish confidence among businesses. Holders are reluctant to sell at high prices, while downstream markets are cautious and cautious. In the short term, the market may fluctuate and consolidate.

 

Demand side:

 

The trading rate of adhesive tape master rolls in the market has slowed down compared to the previous period, and there has been a decrease in procurement in recent times. Some orders are now being accepted and processed. The order volume of tape master roll enterprises has declined, and the market performance is slightly lackluster. Tape master roll enterprises have accumulated inventory, which is sufficient and has a certain negative effect on prices.

 

The acrylic acid lotion market is facing a situation of insufficient demand for goods and continuous tightening of profit margin. The market continues to be stable for the time being. The industry lacks confidence in the future market. The downstream is obviously wait-and-see, cautious in entering the market, and the atmosphere of trading and investment in the market is light. It is expected that this situation will continue next week, and the market improvement will be limited.

 

Overall

 

In recent times, the market for butyl acrylate has mainly digested the increase, with mixed fluctuations in raw material prices, showing a trend of range consolidation. It is mainly for first-time purchases, and the trading volume has decreased compared to the previous period. From the perspective of market mentality, downstream segmented users are cautious and cautious. Business Society analysts predict that the price of butyl acrylate may temporarily stabilize and consolidate.

http://www.pva-china.net

After the holiday, the price of stearic acid fluctuates due to the downward trend of raw materials

1、 Price trend

 

According to the commodity market analysis system of Shengyishe, as of May 11th, the price of stearic acid was 8875 yuan/ton, a decrease of 75 yuan from the previous working day, a decrease of 0.84%, and an increase of 100 yuan from last week, an increase of 1.14%, with an overall narrow range consolidation. As of May 10th, the mainstream market price of stearic acid (domestically produced, 1840) is around 9200-8500 yuan/ton; The mainstream market price for stearic acid (imported brand, 1801) is around 9900-9000 yuan/ton.

 

2、 Market analysis

 

Cost wise: After the May Day holiday, domestic palm oil futures were boosted by the external market and saw a rebound, with the spot market following suit. Due to the lackluster demand for terminal oil consumption, the palm oil futures market experienced a correction after rebounding. This week, the spot price of palm oil fluctuated downward, with the average market price dropping to 7770 yuan/ton, a decrease of nearly 2%.

 

Demand side: According to the commodity market analysis system of Shengyishe, as of May 11th, the mainstream price of PVC was 5610 yuan/ton, an increase of 54 yuan or 0.97% compared to the previous week. After the holiday, some pre maintenance factories began to resume production, with sufficient inventory and weak downstream.

 

3、 Future Market Forecast

 

The upstream palm oil market is oscillating downward, with weak support for stearic acid costs. In addition, downstream demand side confidence is not high, but the terminal mentality is relatively cautious, making it difficult for transactions to improve significantly. There are dual bearish factors, and it is expected that the spot market for stearic acid will experience a slight decline in the short term.

http://www.pva-china.net

Supply support for acrylic acid price increase

The acrylic acid market is on the rise after the holiday. According to the Commodity Market Analysis System of Shengyishe, as of May 9th, the average quoted price of acrylic acid in East China was 6900.00 yuan/ton, an increase of 0.73% compared to Monday’s price.

 

Cost side:

 

According to the commodity market analysis system of Shengyishe, the reference price for propylene on May 8th was 6778.60, a decrease of 0.32% compared to May 1st (6800.60). After the holiday, the price of raw material propylene fluctuated narrowly, and the cost support is still acceptable.

 

Supply and demand side:

 

On the supply side, the factory mainly executes early orders in an orderly manner after the holiday, but the supply side is tight, and the factory has no pressure to increase prices. On the demand side, there is currently no significant positive boost in the terminal market. Downstream will follow up on replenishment after the holiday, with acrylic acid procurement mainly focused on rigid demand, and the performance on the demand side is average.

 

Future Market Forecast:

 

In recent times, there has been no pressure on the supply side to support the price increase of acrylic acid. Looking ahead, the atmosphere in the raw material acrylic acid market is still good, with short-term or strong operation, which may continue to support the acrylic acid market. The supply side support may still exist in the short term, and the demand side mentality is cautious. Market transactions may continue to be mainly in demand, and it is expected that the acrylic acid market will digest the increase in the short term. More attention should be paid to market news guidance.

http://www.pva-china.net

On May 8th, the domestic hydrochloric acid market surged

Analysis: On May 8th, the domestic hydrochloric acid market remained strong. According to the Commodity Analysis System of Business Society, the overall price of hydrochloric acid increased by 15.38%. The main reason is that some manufacturers have adjusted their factory prices. The upstream liquid chlorine market has been operating at a high level recently, with expectations of an increase, providing good cost support. However, the downstream market for polyaluminum chloride has remained sluggish, with a slight fluctuation and decline since May, with a decline of 0.58%.

 

Market forecast: Currently, the downstream market for hydrochloric acid is weak and difficult to support high priced quotes. It is expected that the market for hydrochloric acid will rise and may be difficult to sustain, with a focus on volatility in the future.

http://www.pva-china.net

Positive demand leads to an increase in the price of isophthalic acid

Price trend

 

According to the Commodity Market Analysis System of Shengyishe, as of May 7th, the average market price of benzoic acid was 9200 yuan/ton, an increase of 1.1% compared to last week.

 

In terms of cost

 

Mixed xylene: The price of mixed xylene in China has slightly decreased this week. On May 7th, the price of mixed xylene was 3250 yuan/ton, and on May 1st, the price of mixed xylene was 7600 yuan/ton, a decrease of 1.04% from last week. The demand for mixed xylene blending is relatively weak, and as of the end of April, the operating capacity of refineries nationwide has slightly decreased to around 6.9. In the later stage, there are still maintenance plans for the toluene mixed xylene unit in May and June, and the supply of mixed xylene is expected to decrease.

 

Acetic acid: The domestic acetic acid price remained stable this week. On May 7th, the price of acetic acid was 32500 yuan/ton, which remained unchanged from last week. At present, the operating rate of acetic acid enterprises has returned to a relatively high level, and the supply of goods from suppliers is sufficient. Enterprises actively allocate inventory before the holiday, but the market atmosphere is relatively weak after the holiday.

 

In terms of demand

 

The operating rate of downstream factories has also increased, the demand side has improved, the focus of negotiations has increased, and the enthusiasm of operators has increased. The polyester factory consumes more inventory and long-term supply, resulting in an increase in terminal pick-up speed after the holiday.

 

Future Market Forecast

 

Overall, the recent release of bearish news in the crude oil market has weakened the cost support for isophthalic acid. But the downstream demand center is improving, providing support for prices. It is expected that there is still room for upward movement in the market price of isophthalic acid.

http://www.pva-china.net