Author Archives: lubon

There are significant regional differences in the methanol market situation

According to the Commodity Market Analysis System of Shengyi Society, from April 14th to 18th (as of 15:00), the average price of methanol in East China ports in the domestic market fell from 2459 yuan/ton to 2415 yuan/ton, a month on month decrease of 8.98% and a year-on-year decrease of 10.25%. The supply of methanol in the coastal market is increasing, but market confidence is insufficient, and the overall port market is still showing a weak trend. Due to the shutdown of some facilities and tight supply in some regions of the mainland methanol market, coupled with low inventory levels of enterprises, traders have a positive attitude towards purchasing goods. Production enterprises have raised prices and shipped goods, resulting in an overall strong operation of the mainland methanol market.
As of the close on April 18th, the closing price of methanol futures on Zhengzhou Commodity Exchange has risen. The main contract for methanol futures, 2505, opened at 2242 yuan/ton, with a highest price of 2270 yuan/ton and a lowest price of 2242 yuan/ton. It closed at 2266 yuan/ton in the closing session, up 12 yuan/ton from the previous trading day’s settlement, an increase of 0.53%. The trading volume is 619316 lots, the position is 670149 lots, and the daily increase is 1504 lots.
In terms of cost, the domestic chemical coal market has been stagnant and falling recently. The coal mines in the production area maintain normal production, and the overall supply is basically stable. Recently, there have been few coal mines with price adjustments, and the sales situation of each mine varies. Most of the coal prices at the mine mouth remain stable, and the queuing vehicles are average. The production area maintains normal transportation. The cost of methanol is influenced by negative factors.
Demand side, downstream acetic acid: increasing demand for acetic acid; Downstream chlorides: Chloride plants operate stably and have increased demand for methanol; Downstream MTBE: MTBE demand increases; Downstream dimethyl ether: After the start-up of the dimethyl ether new plant, normal operation is maintained and demand increases. Downstream formaldehyde: There is currently no maintenance or restart device for formaldehyde, and the demand fluctuation is not significant. The majority of downstream demand for methanol has increased, and the demand for methanol is influenced by favorable factors.
On the supply side, the overall loss exceeds the recovery, resulting in a decrease in capacity utilization. The supply of methanol is affected by favorable factors.
In terms of external trading, as of the close on April 17th, the CFR Southeast Asian methanol market closed at $342.50-343.50 per ton, a decrease of $6 per ton. The closing price of the US Gulf methanol market was 92.00-93.00 cents/gallon, down 1 cent/gallon; The closing price of FOB Rotterdam methanol market is 279.50-280.50 yuan/ton, up 1 euro/ton.
In the future forecast, the supply from mainland China is expected to be low, port supply is expected to increase, and downstream demand is lukewarm. The methanol analyst from Shengyi Society predicts that the domestic methanol spot market will mainly consolidate.

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This week, the PET market prices fluctuated at a low level (4.14-18)

According to the Commodity Market Analysis System of Shengyi Society, the overall price of polyester bottle flakes (PET) showed a weak oscillation trend of first suppressing and then rising. As of April 18th, the average sales price of PET (PET bottle flakes) was 5685 yuan/ton.
In terms of cost, OPEC+production expectations, US sanctions on Iran, and Iraq’s resumption of crude oil exports have led to international oil prices falling below the key support level of $70 per barrel, weakening the cost support of the polyester industry chain. PTA and ethylene glycol are operating weakly, although PTA processing fees have briefly rebounded to a reasonable range of 325 yuan/ton, the expected increase in new production capacity (4.5 million tons added in 2025) and import recovery are suppressing long-term profit margins. In terms of ethylene glycol, port inventory has risen to a high of 584400 tons, and the operating rate of coal to gas plants has remained above 70%. The loose supply and demand pattern is difficult to change, and price rebound is limited.
In terms of supply and demand: The new production capacity of polyester bottle flakes continues to be released, and the operating rate of production enterprises remains at a high level. The supply will continue to increase. The demand side is unlikely to show significant improvement in the short term, and factors such as slowing global economic growth and environmental policy restrictions will still constrain the demand for bottle tablets. The supply-demand imbalance may continue, suppressing prices.
In response to the current market situation, Shengyi Society believes that the future price of polyester bottle chips may remain weak and volatile, and there is a lack of strong rebound momentum in the short term. However, if crude oil prices can continue to stabilize and rebound, or if there is an unexpected improvement in demand, the price of polyester bottle chips may rise to a certain extent.

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This week, the epoxy chloropropane market showed an upward trend (4.14-4.17)

This week, the epoxy chloropropane market showed an upward trend (4.14-4.17). According to the monitoring and analysis system of Shengyi Society, as of April 17th, the benchmark price of Shengyi Society’s epichlorohydrin was 9400 yuan/ton, an increase of 4.16% compared to early April.
Price influencing factors:
Raw material side: The market price of raw material propylene has declined. According to the market analysis system of Shengyi Society, as of April 17th, the benchmark price of propylene in Shengyi Society was 6723.25 yuan/ton, a decrease of -0.33% compared to the beginning of this month (6745.75 yuan/ton).
Supply side: The spot supply of glycerol based epichlorohydrin in the market is relatively tight, and enterprises have a positive attitude towards raising prices. Overall, the operating rate remains at around 50-60%.
Downstream demand side: The downstream epoxy resin market supply remains normal, with a capacity utilization rate of over 50%. The overall trading atmosphere has improved, with no inventory pressure and a positive purchasing atmosphere. It is expected that the market will be dominated in the future.
Market forecast: Analysts from Shengyi Society believe that downstream market demand will improve and traders will have a positive purchasing attitude. It is predicted that the epoxy chloropropane market may continue to show a strong trend in the later stage, and more attention still needs to be paid to changes in market supply and demand.

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The domestic titanium dioxide market price is temporarily stable this week (4.7-4.11)

1、 Price trend
Taking the sulfuric acid method gold red stone 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 price has remained stable this week, with an average price of 15420 yuan/ton.
2、 Market analysis
The domestic titanium dioxide market price has remained stable this week. The domestic market is sluggish, and titanium dioxide companies face significant shipping pressure and inventory pressure. Downstream market demand is poor, with rigid demand as the main factor, and there is a wait-and-see attitude in the market. Internationally, the impact of this week’s increase in tariffs between China and the United States has also increased pressure on export markets. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 14800-16200 yuan/ton; Sharp titanium type costs around 13200-13400 yuan/ton; The actual transaction price is negotiable.
In terms of titanium concentrate, the price of titanium concentrate has remained stable this week. At present, the downstream demand for titanium dioxide is poor, and the downstream market demand is average. The purchasing sentiment is weak, and the focus is mainly on wait-and-see. As of now, the transaction price of 46,10 titanium ore for small and medium-sized manufacturers is between 2060-2100 yuan/ton, the price of 47,20 titanium ore is between 2200-2280 yuan/ton, and the price of 38 titanium ore excluding tax is between 1400-1450 yuan/ton; It is expected that the mainstream titanium mines in the Panxi region will operate weakly and steadily in the short term.
3、 Future forecast
Business Society’s titanium dioxide analyst believes that the domestic titanium dioxide market is temporarily stable this week. Downstream enterprises have a strong wait-and-see attitude, and actual orders are still cautious. It is expected that the titanium dioxide market will continue to remain stagnant in the short term, and the actual transaction price will be negotiated one by one.

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Limited transactions, nylon filament prices continue to be weak

This week (April 7-10, 2025), the nylon filament market continued to operate weakly, with prices experiencing a slight decline. The upstream raw material Sinopec’s high-end caprolactam was raised to 10450 yuan/ton at the end of last week, but due to the decline in oil prices at the beginning of the week, the PA6 chip high-speed spinning chip market was under pressure and the cost support was insufficient. The operating rate of nylon filament market equipment fluctuates little, the industry supply is at a high level, and some manufacturers have high inventory levels, resulting in average performance on the supply side; The demand in the terminal market has not improved, and there is a certain degree of risk aversion in the downstream market. Multiple parties hold sporadic essential orders, and it is difficult to find positive support from the demand side. Overall, the upstream raw material market is not performing well, downstream enterprises have insufficient procurement efforts, and on-site actual transactions are limited. The market price of nylon filament continues to decline slightly.
According to the Commodity Market Analysis System of Shengyi Society, the price of nylon filament continued to decline slightly this week (April 7-10, 2025). As of April 11, 2025, the price of nylon filament DTY (premium product; 70D/24F) in Jiangsu region is 15580 yuan/ton, a decrease of 100 yuan/ton from last week, a weekly decrease of 0.64%; Nylon POY (premium product; 86D/24F) is priced at 13100 yuan/ton, a decrease of 225 yuan/ton from last week, with a weekly decline of 1.69%; The price of nylon FDY (premium product: 40D/12F) is reported at 16225 yuan/ton, a decrease of 50 yuan/ton or 0.31% from last week’s price.
Weak raw material support
In terms of cost: Although the weekly closing price of Sinopec’s high-end caprolactam has been raised, it has been affected by the decline in crude oil and pure benzene prices at the beginning of the week. The spot market prices of caprolactam and the high-speed spinning market prices of nylon PA6 slices have continued to decline during the week, with PA6 prices falling by 3.06%, indicating weak support on the cost side.
Supply and demand: This week (April 7-10, 2025), the operating rate of nylon filament market facilities did not fluctuate significantly, the industry supply was at a high level, some manufacturers had high inventory levels, downstream market purchasing willingness was not strong, demand did not improve, and the main consumption of raw material inventory was high. The on-site observation atmosphere was strong, and actual transactions were limited, with insufficient support from the demand side.
Future forecast
Cost aspect: In terms of caprolactam, the price of pure benzene is expected to rise first and then fall. The supply of caprolactam in the market is relatively sufficient, and there is some concern downstream. It is expected that the price of caprolactam in the market will remain stagnant next week. In terms of nylon PA6 chips, the inventory level of polymerization factories is generally average, and downstream markets are cautious in purchasing for essential needs. It is expected that the market trend of nylon PA6 chips will be weak next week, and the price center of the raw material market will shift downwards.
Supply and demand side: The operating rate of the nylon filament industry is at a high level, and there is currently no clear adjustment plan for the production of various manufacturers’ equipment. It is expected that the supply of nylon filament market will still be high in the short term, and end market orders will be difficult to find. Downstream manufacturers have weak purchasing intentions and mostly adopt a buy as you go policy. Therefore, it is expected that the demand side support of the nylon filament market will be weak next week.
Overall, the spot market for raw material caprolactam is expected to consolidate, while the market for nylon PA6 chips may experience a decline due to insufficient cost support. Downstream market demand has not improved, and some nylon filament manufacturers may lower their quotes. Business analysts predict that the nylon filament market will be mainly weak next week, with weak price consolidation.

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