In November, the domestic acetone market fell sharply. According to the monitoring data of the business agency, taking the market offer in East China as an example, the offer in East China market was 6400 yuan / ton on November 1 and 5550 yuan / ton on November 30. The overall shock and decline in November, and the overall decline in East China market was 13.28%. In the national market, the offer in East China reached 5550 yuan / ton by the end of the month, and the offer in Shandong and Yanshan surrounding areas was 5675 yuan / ton, The offer in South China is 5650 yuan / ton.
| PVA |
From the raw material side, pure benzene maintained a range shock trend in early November; It began to fall continuously in the latter ten days, and the price width weakened. On November 1, the price was 7550-7803 yuan / ton (the average price was 7640 yuan / ton); On November 30, the price was 6150-6650 yuan / ton (the average price was 6390 yuan / ton), the highest price of this month appeared on November 1, the price was 7640 yuan / ton, and the lowest price appeared on November 30, the price was 6390 yuan / ton. This month decreased by 16.36%, up 52.51% over the same period last year, and the difference between the highest and lowest price in the month was 1250 yuan / ton. Affected by the weakness of crude oil and styrene, the pure benzene market mentality continued to be suppressed in the first half of the month, with the trend dominated by weak shocks. It is expected that the downstream units will restart and new units will be put into operation, the supply and demand side is expected to be good, and the market price support psychology still exists. In late November, the decline of crude oil expanded, styrene maintained a continuous downward trend, and the upstream and downstream support of pure benzene was weak. In terms of supply, the load of a large unit in East China is increased, and the supply of pure benzene is expected to increase in December; The arrival of cargo at East China port is concentrated, and the inventory rises rapidly. It is expected that the inventory will continue to rise in the later stage. Multiple bad news superimposed, and the price of pure benzene fell rapidly. In the first half of November, the price of Sinopec remained stable, and in the second half of the month, the price was reduced four times, from 1150 yuan / ton to 6350-6450 yuan / ton.
In November, the overall performance of propylene market was more than enough, and the price was pushed up several times, but it was finally weak. At the beginning of the month, due to the sharp decline of international oil prices, the price of propylene accelerated to fall. At the same time, the overall downstream demand was general and the demand support was insufficient. After falling prices at the beginning of the month, propylene prices rebounded slightly in the second week, and then began to stabilize. However, there was no obvious positive factor support in the market, the price loosened and began to fluctuate and fall. Enterprises mainly complete the orders of old customers, lack of new orders, lack of downstream gas, and just need. The price of upstream raw materials has declined as a whole. Under the constraints of cost and demand, the price of enterprises has been continuously reduced in order to ship goods smoothly.
From the perspective of business agency, there was little change in the start-up of domestic units in December, and it was difficult to make a wide adjustment in the acetone market. From the downstream, the production of 100000 t / a MMA unit of lihuayi refining is worthy of attention. The supply side of subsequent imported goods is sufficient, but the cost of external goods is high, the supply is not under pressure, and the holder has little intention to lower the price, but it is difficult to improve the demand side. The business agency expects the acetone market to fluctuate in December.
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