According to the Commodity Analysis System of Business Society, the hydrogen peroxide market has been weak and declining since April. At the beginning of the month, the average market price of hydrogen peroxide was 946 yuan/ton. On April 8th, the average market price of hydrogen peroxide was 906 yuan/ton, a decrease of 4.23%.

Poor terminal demand, declining hydrogen peroxide market

Since April, the purchasing volume of hydrogen peroxide in the terminal printing paper industry has declined, and hydrogen peroxide manufacturers have resumed production rates. Supply is loose, and confidence in price support is insufficient. Hydrogen peroxide factory prices have mainly fallen. The average market price of hydrogen peroxide in Shandong, Anhui, Hebei and other regions is 870-900 yuan/ton, with an overall decrease of 20-30 yuan/ton.

Chemical analysts from Business Society believe that in mid April, terminal demand for hydrogen peroxide remained flat, putting pressure on future market trends.

According to the Commodity Market Analysis System of Business Society, the domestic price of sodium metabisulfite continued to be weak this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2150.00 yuan/ton, and the average price over the weekend was 2100.00 yuan/ton, a decrease of 2.33% during the week.

In April, due to the continued weak prices of upstream raw materials, some enterprises have lowered the factory price of sodium metabisulfite again, driving the domestic market price of sodium metabisulfite to continue to be weak. This week, the domestic industrial grade sodium metabisulfite market price range is 2000-2150 yuan/ton. The inventory of the enterprise is about 30%, and the enterprise mainly completes orders from old customers. (The above prices refer to the quotations from mainstream domestic enterprises, and some enterprises that have not been reported are not within their scope. The prices are for reference only and are not related to the final pricing of the manufacturers. For details, please contact each manufacturer for consultation.).

As of April 7th, domestic soda ash prices have been operating weakly, with an overall decline of 1.03%. Sulfur prices have slightly rebounded, with an overall increase of 2.80%. Overall, raw material costs are still at a low level, and the decline in soda ash prices has slowed down. Raw material costs are fluctuating forward, and the weak trend of sodium metabisulfite prices in the future is expected to stabilize.

Future Market Forecast

Analysts from Business Society believe that raw material costs are fluctuating at a low level, and downstream purchases and sales are cautious overall. In the short term, the domestic market price of sodium metabisulfite is under pressure to recover.

1、 Price trend

According to the commodity market analysis system of Business Society, the market price of tetrachloroethylene continued to rise in March, maintaining a high level of operation. On March 31st, the average price of tetrachloroethylene was 5155 yuan/ton, and on March 1st, the average price of tetrachloroethylene was 4800 yuan/ton, with a monthly increase of 7.29%.

2、 Analysis and Review

Tetrachloroethylene is currently operating at a high level, with mainstream factory quotes of 5050-5300 yuan/ton. Demand is stable, but supply is tight. According to customs data, the export volume of tetrachloroethylene in February was 1155.6 tons, a year-on-year decrease of about 14.5%, and there is no import situation. The market supply is tight, and distributors are closely following the increase of large factories.

The downstream refrigerant R125 market has implemented a price increase of 42000-45000 yuan/ton, up 4000 yuan/ton from the beginning of the month. The refrigerant market continued to soar in the first quarter and is currently operating at a high level, with a continuous supply-demand game. The mainstream refrigerant market is expected to continue to recover in April, with strong demand for production in May. The market shortage is expected to remain difficult to alleviate, and short-term growth is expected to slow down.

3、 Future Market Forecast

Business Society’s tetrachloroethylene analyst believes that downstream demand is improving, and the price of tetrachloroethylene is expected to maintain a high level of operation.

Recently, the polyvinyl alcohol market has been fluctuating downward, and market news has been bearish. As of April 2nd, the benchmark price of polyvinyl alcohol at Shengyishe was 12283.33 yuan/ton, a decrease of -0.53% compared to last week (12350.00 yuan/ton).

In 1799, the mainstream negotiations in the market were 11800-12800 yuan/ton for cash delivery, in 2699, 12300-13500 yuan/ton for cash delivery, in 1788, 12300-13500 yuan/ton for cash delivery, in 2488, 13300-14700 yuan/ton for cash delivery, and in 2099, 12000 13300 yuan/ton for cash delivery.

Fundamental analysis:

Supply side:

The domestic vinyl acetate market weakened significantly in the previous cycle, with two declines ranging from 800 to 1000 yuan/ton. As of April 2nd, the price of vinyl acetate in the East China market is around 6400, the price in the South China market is around 6650, and the price in the North China market is around 6600. The market supply is sufficient, and the on-site trading atmosphere is cold. The operation of the vinyl acetate unit is stable, and downstream demand is following up. Enterprise inventory is higher than market demand. The low prices in the market continued to increase during the week, but it was difficult to affect the demand side and continued to be low with a small amount of transactions.

Demand side:

The downstream market is showing a weak situation, and the market is gradually starting to operate, but the overall situation is not as good as in previous years. The usage has not improved, and the purchasing willingness is not good, making it difficult to increase the volume. Enterprises are offering discounts to sell. Overall, the demand side still slows down, and the negative impact on the polyvinyl alcohol market.

Future Market Forecast:

Supply side:

It is expected that the vinyl acetate market will continue to be weak and stable in recent days, and downstream demand has not significantly recovered. This may lead to further price reductions by holders, which will have a negative impact on corporate quotations and accelerate the decline. Business owners still have a bearish sentiment towards the future market, and they are cautious in their actual order operations. Overall,

Demand side:

Polymer additives, fabric slurries, and adhesives are expected to increase in demand due to weather changes and the expected increase in terminal construction. The market negotiation atmosphere will warm up, and demand may improve. Downstream demand is expected to rebound, which will have a certain stimulating effect on the polyvinyl alcohol market and provide support and increase.

Overall

The market price of polyvinyl alcohol is significantly affected by both the raw material and demand sides, and the overall industry chain is interconnected. The increase in demand is crucial and will boost the trend of the polyvinyl alcohol market. It is expected that the polyvinyl alcohol market will experience a slight upward trend, and the price fluctuation range in the future is between 12500 and 13000 yuan/ton.

According to data monitoring by Business Society, as of March 31, 2024, the domestic market price of butanone was referenced at 7966 yuan/ton. Compared with March 1, 2024 (reference price of butanone was 8233 yuan/ton), the price decreased by 267 yuan/ton, a decrease of 3.24%.

In March, the butanone market can be described as “slightly warm but still cold”. At the beginning of March, although there was a brief upward trend in the butanone market, the overall effective support of the market was insufficient. Starting from mid to late March, the butanone market began a weak downward trend, and by the end of the month, the butanone market had ended with a weak decline. As of March 31st, the domestic market price of butanone is around 7700-8300 yuan/ton, with a decrease of about 100-300 yuan/ton during the month.

Analysis of Factors Influencing the March Butanone Market

In terms of supply: At the beginning of the month, the overall on-site supply of butanone was tight, with low operating rates and low inventory in butanone factories. In addition, some butanone factories delivered export orders, resulting in lower overall supply pressure. Therefore, at the beginning of the month, both the supply side and the export side provided some upward support to the market.

In terms of demand: In March, the overall performance of the domestic demand market for butanone remained average, with downstream purchases continuing to be the main focus. After the export order support gradually weakened at the beginning of the month, the drag of demand on the market for butanone gradually emerged. Due to the continued weak demand, supply pressure also came. Therefore, in the middle and late stages, due to demand pressure, the focus of negotiations in the butanone market continued to decline.

The price situation of butanone in the mainstream market in March

Region/ Product/ March 31st/ Monthly fluctuations

Shandong region/ Butanone/ 7700-7800./-300

Jiangsu region/ Butanone/ 7750-7800./-200

South China region/ Butanone/ 8100-8200./-300

East China region/ Butanone/ 7700-7800./-300

Market analysis of butanone

At present, the overall trading atmosphere in the butanone market is quiet, and there is definitely a clear wait-and-see view in the market. Downstream stocking and replenishment are still showing caution. Business Society butanone data analysts believe that in the short term, the domestic butanone market will mainly adjust and operate within a certain range, and the specific trend still needs to pay more attention to the specific news changes on the supply and demand side.