Category Archives: Uncategorized

Raw materials support the rise of domestic MIBK

The domestic MIBK market rose slightly, mainly due to the continuous upward support of acetone at the raw material end. Under the pressure of cost, the focus of negotiation rose by about 100-150 yuan/ton, and the overall negotiation range was 9750-9850 yuan/ton.

 

Some factories of raw acetone raised the listing price of 100 yuan/ton again today, which stimulated the market to go up. The growth of major acetone markets across the country was different, and most of them continued to go up. The offer in East China rose to 5480-5550 yuan/ton, and that in Shandong and North China was 5750 yuan/ton. The continuous upward movement of the market has increased the cost pressure on the downstream. The spot supply on the market is still tight, and the holders have little intention to sell at a low price. However, the profitable holders intend to ship, and the terminal just needs to purchase acetone. It is expected that the short-term acetone will be strong.

 

The operating rate of MIBK industry was around 80% in the week. The 15000 t/a MIBK plant in Zhenyang, Zhejiang, was shut down for maintenance on September 17. The operating rate of the industry was around 7 cities. The quotation of the supplier was pushed up, and the price may continue to rise in the short term

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The domestic sulfuric acid price fell 4.20% this week (9.10-9.16)

Recent price trend of sulfuric acid

 

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As can be seen from the figure above, the price of domestic sulfuric acid market fell slightly this week. The price of sulfuric acid fell from 238.00 yuan/ton at the end of last week to 228.00 yuan/ton at the end of this week, a drop of 4.20%, and a year-on-year drop of 71.32% compared with the same period last year. On September 18, the sulfuric acid commodity index was 35.49, unchanged from yesterday, 81.13% lower than the cycle’s highest point of 188.07 (2022-04-13), and 12.60% higher than the lowest point of 31.52 on June 6, 2019. (Note: Period refers to 2011-09-01 to now)

 

The upstream market was consolidated at a low level, and the downstream purchasing enthusiasm was insufficient

 

From the manufacturer’s quotation, the price of domestic mainstream sulfuric acid manufacturers fell slightly this week, the manufacturer’s inventory was average, and downstream demand weakened.

 

From the perspective of upstream and downstream industrial chains, the upstream sulfur market rose slightly. The sulfur price rose from 1126.67 yuan/ton at the end of last week to 1143.33 yuan/ton at the end of this week, an increase of 1.48%. Compared with the same period last year, it fell by 41.37% year on year. The upstream market fluctuated narrowly and the cost support was general. The downstream hydrofluoric acid market was consolidated at a low level, and the market price was 10540.00 yuan/ton, down 3.04% year on year compared with the same period last year. The market price of titanium dioxide in the downstream market was adjusted at a low level. The market price was 16350.00 yuan/ton, a year-on-year decrease of 21.89% compared with the same period last year. The downstream market was adjusted at a low level, and the enthusiasm for downstream procurement was weakened.

 

The market fell slightly after shocks

 

In late September, the domestic sulfuric acid market was mainly down due to slight shock. The upstream sulfur market has been in a narrow range recently, with average cost support. Downstream markets of hydrofluoric acid, titanium dioxide and ammonium sulfate were consolidated at a low level. Downstream customers were not enthusiastic about purchasing sulfuric acid, and the product trend fell due to the contradiction between supply and demand. According to the sulfuric acid analysts of the business community, the short-term domestic sulfuric acid market price may fall slightly due to the impact of supply and demand, raw materials and other aspects.

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The market is weak and PS price is temporarily stable

1、 Price trend

 

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According to the monitoring data of the business community, the average price of PS ordinary materials at the beginning of this week was 10466 yuan/ton, and the average price of PS ordinary materials at the weekend was 10466 yuan/ton, which was stable.

 

2、 Market analysis

 

At present, the PS (polystyrene) market trend is weak, the trading atmosphere is weak, the shipping rhythm of merchants is slowing down, and the focus of negotiation is weakening slightly. Quotation reference of mainstream brands: 10200 yuan/ton for Dushanzi 500; CITIC 525 is out of stock, Saibaolong 525 is reported as 10050 yuan/ton, Shanghai SECCO 123P is reported as 10350-10450 yuan/ton, Zhenjiang Qimei PG33 is reported as 11100 yuan/ton, Huajin 825 is reported as 10650-10700 yuan/ton; Ningbo Taihua 535N quoted 11000 yuan/ton, and the above prices are all tax inclusive prices, which are subject to firm negotiation.

 

The upstream styrene continued to decline, the downstream purchasing enthusiasm was low, coupled with the impact of low price offer, and the business confidence was insufficient, or gave way to profits. The mainstream price of GPPS (polyphenylene sulfide) in East China market is 9850-11100 yuan/ton, and the mainstream price of HIPS (polystyrene) is 10600-11600 yuan/ton.

 

3、 Future market forecast

 

At present, the PS downstream transaction is sluggish, and it is expected that the short-term domestic PS (polystyrene) market is narrow and soft.

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The price of o-xylene was temporarily stable on September 15

On September 15, the price of orthobenzene was temporarily stable

 

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It can be seen from the trend chart of the price of neighboring benzene of the business community that the price of neighboring benzene was temporarily stable on September 15. As of September 15, the price of ortho benzene was 8600 yuan/ton, up 300 yuan/ton or 3.61% from 8300 yuan/ton on September 2, and temporarily stable, up 32.31% from 8600 yuan/ton on September 14, the previous trading day. On September 14, the OX Commodity Index was 73.41, unchanged from yesterday, 26.59% lower than the highest point of 100.00 (March 07, 2013) in the cycle, and 126.29% higher than the lowest point of 32.44 on April 13, 2020. (Note: the cycle refers to 2013-02-01 to now).

 

Key points of the market

 

Recently, the price of crude oil has fluctuated and dropped, the price of mixed xylene has temporarily stabilized, and the cost of o-xylene has stabilized; The price of phthalic anhydride rose sharply, and the demand for ortho benzene recovered. The cost has stabilized and the demand has warmed up. The price of ortho benzene in the external market has fluctuated and risen. There is still great downward pressure on the domestic ortho benzene market.

 

Future outlook

 

The cost tends to be stable, and the demand recovers. The favorable situation of ortho benzene increases the downward pressure, and the ortho benzene market is strong and stable in the future.

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Cost dominated market: Shandong formaldehyde market price rises

According to the data of the bulk commodity list of the business community, the formaldehyde market in Shandong rose this week. At the beginning of the week, the average price of formaldehyde in Shandong was 1280.00 yuan/ton, and at the weekend, the average price of formaldehyde in Shandong was 1300.00 yuan/ton, up 1.56%. The current price rose 7.14% month on month, and the current price fell 9.30% year on year.

 

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formaldehyde

 

The formaldehyde market price in Shandong Province rose slightly this week. From the above figure, it can be seen that the formaldehyde market has not fluctuated in recent two months. This week, the market continued to rise for three weeks. As of September 14, the mainstream market price in Shandong was 1240-1380 yuan/ton. In the near future, the methanol market has seen a good increase, and the cost support is relatively strong. The demand of the downstream plate plants is general, and the purchase of just needed materials is maintained. The transaction in the formaldehyde market is fair, and the market continues to rise driven by the cost.

 

Upstream methanol situation: Recently, the domestic methanol market is surging. The main reasons are the short term shortage of supply and the short term rise in demand. The downstream receiving price has risen significantly. There is a demand for goods in stock. The traders’ mentality is stable and improving. The quotations of major manufacturers at ports and in the mainland have been continuously raised. Some manufacturers have been bidding well, mainly at a premium starting price. However, the rise in freight has restrained the growth of the internal real estate area.

 

This week, the methanol market continued to rise. Driven by the rising cost, the formaldehyde manufacturer intended to raise the price in order to make profits, but the downstream plate factory did not improve. The demand for formaldehyde on the site was limited, and the purchase was mainly just needed. The market transaction was average. Zibo Dejuyicheng plant stopped, and the formaldehyde inventory was OK. The market rose slightly.

 

Recently, the domestic methanol market has risen, and the procurement of downstream wood panel plants has remained in demand. Therefore, the formaldehyde analyst of the Chemical Branch of the Business Cooperative predicted that the recent increase in formaldehyde prices in Shandong was mainly due to shock.

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