This week, DBP prices fell first and then rose

According to the data monitoring of business agency, DBP prices fell first and then rose this week. As of August 26, the DBP price was 8833.33 yuan / ton, which was stable compared with the price of 8833.33 yuan / ton on August 19 last weekend. On August 25, the DBP commodity index was 69.42, up 0.78 points from yesterday, down 37.18% from the highest point 110.50 in the cycle (October 12, 2021), and up 2.51% from the lowest point 67.72 on August 16, 2022. (Note: the period refers to September 1, 2021 to now). The supply and demand of the plasticizer industry chain have improved, and DBP prices fell first and then rose.

This week, the price of n-butanol fluctuated and fell

According to the price monitoring of the business association, the price of n-butanol fell this week. On August 26, the price of n-butanol was 6566.67 yuan / ton, down 3.90% from 6833.33 yuan / ton on August 19 at the end of last week, and stable from 6566.67 yuan / ton on August 14 at the beginning of last week. The trading atmosphere of the n-butanol market is weak, the confidence of the industry is general, the downstream operation is low, the supply and demand transmission is relatively slow, and most of them are just needed to purchase. The price range of n-butanol fluctuates and adjusts, and the pressure of n-butanol decline in the future market still exists.

This week, the price of phthalic anhydride fluctuated and rose

 
According to the price monitoring of the business agency, the price of phthalic anhydride fluctuated and increased this week. As of August 26, the price of phthalic anhydride was 8350 yuan / ton, up by 3.09% compared with 8100 yuan / ton on August 19 last weekend. This week, the price of phthalic anhydride fluctuated and rose, and the cost of raw materials for DBP increased. In the future, the driving force for DBP to rise increased.

This week, PVC prices fluctuated and rose

According to the price monitoring of the business agency, the price of PVC fluctuated and increased this week. As of August 26, the price of PVC was 6490 yuan / ton, up 2.61% from the price of 6325 yuan / ton on August 19 last weekend. The PVC market is good and the trading atmosphere is good. At present, the downstream of the PVC spot market is still dominated by rigid demand, the market is active in receiving orders, the market transaction atmosphere is improving, the PVC price is rising, the DBP demand is warming up, and the driving force for DBP in the future is increased.

Future market expectation

According to DBP data analysts of business agency, as the temperature drops, the power limit loosens, the commencement expectation of plasticizer industry chain rises, the upstream isooctanol stops falling and rising, the price of phthalic anhydride rises, the price range of n-butanol consolidates, and the cost of DBP rises; The downstream PVC market is warming up, and DBP demand is rising. In the future, as the temperature drops and the power limit is loosened, plasticizer enterprises are expected to start to increase, the demand for plasticizer is expected to warm up, the supply and demand of DBP is expected to improve, the price of DBP is expected to stop falling and rise, and the price of DBP is expected to fluctuate and rise.

Zinc price rose on August 25

According to the data monitoring of business agency, the zinc price rose on August 25, and the zinc market rose. On August 25, the zinc price was 25690 yuan / ton, an increase of 1.04% over the zinc price of 25426 yuan / ton on the previous trading day; Compared with 2021, the zinc price increased by 12.22% year on year.

Key points of analysis

With the intensification of the European energy crisis, Russia has reduced the supply of natural gas in Europe, the European energy price has soared, the production of zinc smelters in Europe has increased, and the supply in Europe has decreased; The high temperature and drought in Sichuan have limited power supply, the industrial power consumption in Sichuan has been transferred to the people, the start-up of zinc smelters in Sichuan has decreased, and the supply of zinc has decreased. The upward momentum of zinc market has increased.

Future forecast

The supply and demand of zinc market are weak, the energy crisis in Europe is intensified, the domestic power supply is limited, the zinc smelting operation is low, the supply of zinc market is reduced, and the zinc price is expected to rise in the future.

According to the data of the trade agency’s bulk list, as of August 23, the average price of formic acid enterprises was 3766.67 yuan / ton, which was the same as that of last Thursday (August 18), down 3.42% compared with that of July 23, and down 41.15% year-on-year in a three-month cycle.

Recently (August 18-august 23), the domestic industrial grade 85% formic acid market price is stable. Recently, the market of caustic soda and liquid ammonia in the upstream has been consolidated, the price of sulfuric acid has been weak and stable, the market of methanol as the main raw material has been shaken and sorted out, the cost side has limited impact on the formic acid market, the downstream is purchased on demand, the market transaction is orderly, and the negotiation focus of industrial grade 85% formic acid market is stable.

In terms of cost: for the upstream caustic soda, on August 23, the price of caustic soda in Shandong Province was adjusted and operated. The mainstream market price was about 1020-1100 yuan / ton. The price of caustic soda was adjusted and operated. The downstream was mainly wait-and-see attitude, and it was expected that the adjustment trend would be maintained in the later period; Upstream liquid ammonia: on the 24th, the price of liquid ammonia in Shandong continued to be stable. The dealers reported that there might be a small margin of profit, and the market range was mainly adjusted in a narrow range; Upstream sulfuric acid: on August 23, the domestic sulfuric acid market price was temporarily stable; For upstream methanol, on August 23, the reference price of methanol was 2475.00, a decrease of 3.13% compared with August 1 (2555.00).

According to the formic acid analysts of the business association, the current impact of the cost side is general, the overall market trading atmosphere is mild, and the holders mainly wait and see. It is expected that in the short term, 85% of the domestic industrial grade formic acid market will be stable, and more attention should be paid to market information and guidance.

On August 23, the price of acetic acid in East China was 3052.50 yuan / ton, an increase of 1.75% over the previous working day. According to the market news, the supply of goods in some factories was reduced due to the shutdown and maintenance of acetic acid units or low load operation. The mentality of the holders was changed, and the price was slightly increased. The downstream demand was general, and the demand was mainly continued. The supply and demand game continued. The market of acetic acid in the future was limited. It is expected that the market of acetic acid will be consolidated, The price range fluctuates mainly, and the specific attention is paid to the market transaction.

1、 Price summary on August 19:

Shijiazhuang refining and Chemical Co., Ltd. offers 7550 yuan / ton, and Qilu Petrochemical Co., Ltd. offers 7500 yuan / ton,

Yangba offers 7350 yuan / ton,

Guangzhou Petrochemical quoted 7500 yuan / ton, and Maoming Petrochemical quoted 7450 yuan / ton,

Changling Refining and chemical offers 7500 yuan / ton,

2、 Fluctuation trend:

3、 Analysis comments:

In terms of crude oil, the oil price rose slightly last Friday, but it recorded a weekly decline. At present, the market is still dragged by the strength of the US dollar and worries about the slowdown of fuel demand caused by the future economic recession.

Today, Sinopec South China increased toluene by 150 yuan / ton.

Crude oil rose slightly, toluene in the outer wall rose, and the cost was boosted; However, terminal gasoline is weak, and operators are cautious.