Category Archives: Uncategorized

Tight supply, China’s domestic acetic acid market prices continue to rise

According to the monitoring of bulk data of business agency, affected by the relationship between supply and demand, the domestic acetic acid market continued to rise. As of October 21, the average price of acetic acid in East China was about 2606 yuan / ton, up 2.09% compared with the beginning of the month and 2.09% higher than the same period of last month. At present, there are 2550-2650 yuan / ton in Shandong, 2550-2650 yuan / ton in Jiangsu, 2700-2800 yuan / ton in Zhejiang, 2380-2400 yuan / ton in Henan, 2520-2570 yuan / ton in Hebei and 2050 yuan / ton in Northwest China.

 

At present, the domestic acetic acid market continued to rise slightly. The spot supply in the market is tight, the inventory of enterprises is low, and the domestic demand and export in the downstream market are both favorable supports. The supply and demand in the industry is tight balanced. With the price of acetic acid rising to a high level, some downstream and traders are gradually rational in purchasing, and the price of acetic acid is stable and firm.

 

In terms of upstream market, the methanol market was slightly higher due to the favorable factors such as overseas equipment maintenance and port continued to go to storage. At present, most traders ship at high prices. It is expected that the domestic methanol market will fluctuate at a high level in the short term, at present, it is about 1930 yuan / ton. On the downstream side, the terminal demand of acetic acid downstream markets such as vinyl acetate and acetate is improving. In addition, the support from the cost side is strong, and the price is rising. The favorable factors still exist in the short term, and it is expected that it will rise steadily.

 

Recently, the demand for acetic acid in the international market has improved, and the price of acetic acid in various regions has gradually risen. At present, the Asian acetic acid market is about 330-380 US dollars / ton; the European market is about 560 euro / ton; and the North American market is about 570 US dollars / ton.

 

The acetic acid analysts of the business club believe that the domestic acetic acid market supply side will not be greatly improved in a short period of time, and the market supply is limited. Although the overall inventory of the industry is low, the inventory of enterprises in other regions except East China still has a small accumulation, and the acetic acid market is stable and stable in a short period of time with limited growth.

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Crude oil price fell, ethylene external market price fell

According to the monitoring data of the business agency, the external price of ethylene has risen recently. On the 16th, the average price of ethylene was 778.75 US dollars / ton, and on the 19th was 770.00 US dollars / ton, down 1.12%. The current price is up 1.82% month on month, and the current price is down 12.38% compared with last year.

 

PVA 1799 (PVA BF17)

In the near future, the overall market of ethylene in the external market shows a downward trend. Asian ethylene market prices fell, with CFR Northeast Asia closing at $850-860 per ton and CFR Southeast Asia closing at $825-835 per ton as of the 20th. The European ethylene market price fell slightly. As of the 20th, the European ethylene market price was FD, which closed at 716-729 US dollars / ton in northwest Europe and 700-711 US dollars / ton in CIF northwest Europe. The price of ethylene in the United States remained stable. As of the 20th, the price was 479-491 US dollars / ton. In the middle of October, the market of ethylene in Europe and America decreased slightly. Generally speaking, the demand of the whole ethylene market was poor, and the market showed a downward trend.

 

International: on October 19, the U.S. WTI crude oil futures market price fell slightly, and the settlement price of the main contract was $41.06/barrel, down $0.06. Brent crude oil futures market prices fell slightly, with the settlement price of main contracts at $42.62/barrel, down $0.31. Oil prices fell slightly on Monday, mainly due to worries about the epidemic and bad news about Libya’s production increase, and hopes of a US fiscal stimulus plan curbed the decline in oil prices. Crude oil market decline can not give ethylene cost support, ethylene external market continued to fall.

 

Recently, the market price of styrene in East China increased slightly. In terms of cost, the second escalation of European public health events has hindered the rebound of crude oil. Recently, the price of pure benzene is stable, and the cost support of styrene is general. In terms of inventory, domestic styrene factory and port inventory continued to decline, and supply was tight. Downstream start-up continued to run on the high side, strong rigid demand, some downstream prices rose sharply, driving up the price of styrene. In the near future, the East China styrene quotation has been raised to around 6250-6300 yuan / ton, and it is expected that there is room for price increase in the mainstream.

 

Business agency chemical branch ethylene analysts believe: the current crude oil: Libya’s crude oil production may increase significantly, depressing the market atmosphere. Crude oil decline can not form a support for the ethylene market, so business agency data analysts predict that the next ethylene external price will mainly fall below.

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Price stability of rubber grade silica in China

According to the data monitored by the business agency, as of October 19, the average price of domestic rubber grade grade grade silica was 4800 yuan / ton, and the domestic silica market was operating stably, with the quotation range of 4000-5000 yuan / ton.

 

At present, the supply and demand of black carbon in Shandong Province is slow, the supply and demand of black carbon in Shandong Province is slow, the supply and demand of black carbon in Shandong Province is slow, the supply and demand of black carbon in Shandong Province is slow, the supply and demand of black carbon in Shandong Province is slow, the supply and demand is slow, the domestic demand for black carbon is slow Ltd. 5100 yuan / ton, Boai County Xiangsheng silicon powder Co., Ltd. 4000 yuan / ton.

 

The quotation of upstream hydrochloric acid market manufacturers is temporarily stable, and the market trend is stable. The quotation is mainly stable. The trading atmosphere is maintained at the previous level. In the short term, the hydrochloric acid market mainly operates stably.

 

On October 18, the chemical index was 760, unchanged with yesterday, 25.20% lower than 1016 (2012-03-13), and 27.09% higher than 598, the lowest point on April 8, 2020. (Note: period refers to 2011-12-01 to now)

 

White carbon black analysts believe that: in the short term, the silica market maintains a stable operation situation, and the price fluctuation range is limited. (the above prices are provided by major silica manufacturers all over the country and sorted out and analyzed by business silica analysts for reference only. Please contact relevant manufacturers for more price details.)

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Summary of ethylene oxide this week (October 12 – October 16)

The price of ethylene oxide this week was the same as that of last week, and the main ex factory price in East China was 7200 yuan / ton.

 

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The domestic price of ethylene oxide is basically stable. Today, in order to balance the regional price difference in Northeast China, the ex factory price of enterprises in various regions is still between 7200-7400 yuan / ton. The ethylene market in Northeast Asia is stable and small. The supply side is tight, but the demand side of the downstream unit is weak, and the on-site wait-and-see mood is strong.

 

It is expected that short-term stability is the main factor.

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Market price of styrene keeps rising

The domestic styrene market rose today (October 15), and some manufacturers continued to raise their ex factory quotations. On Monday (October 12), the price of sample enterprises of business agency was 5500.00 yuan / ton, and on Thursday (October 15), the price of sample enterprises was 6000 yuan / ton, an increase of 9.09%, and the price was 25.77% lower than that of the same period last year.

 

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In terms of cost, crude oil rebounded slightly, pure benzene and ethylene rose slowly, and the overall cost support of styrene remained. In terms of inventory, there were more styrene ships arriving at the main port of Jiangsu this week, but the arrival of styrene in the later period was still on the low side. The port inventory of styrene showed a new low since the Spring Festival, and it is expected to continue to decline. Styrene supply is tight. In terms of styrene futures, the continuous rise of styrene futures led to the general rise of styrene spot market. However, in the early stage, the long-term loss margin of styrene was hovering, the risk of capital pull-up was small, and the resistance to spot price rising became smaller.

 

On the downstream side, downstream start-up continued to run on a high level, strong rigid demand, demand against the seasonal outbreak, high profits, some downstream prices rose sharply, driving up the price of styrene. According to relevant information, the downstream EPS plants nijiaxiang and Zhuhai rengeng are likely to be put into production in November, and the overall downstream demand for styrene is increasing. Overall, styrene still has room to rise in the short term.

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