The low international oil price rebound has weakened the market for the chemical industry. From the perspective of the domestic environment, although the central bank announced a down to 0.25%, the downstream demand is far less than expected. The cost of the chemical market cost is limited, the demand is not smooth, and the chemical industry market is weak.
The East China market price of bisphenol A is 9450 yuan/ton, with an increase of -1.05%;
The market price of epichlorohydrin in East China is 8500 yuan/ton, up by -1.16%;
Epoxy resin East China water purification market price 13900 yuan/ton, up -2.11%;
PO Shandong market price 9950 yuan/ton, up -4.78%;
Polymerization MDI East China market price 15500 yuan/ton, up -4.32%;
Propylene glycol East China market price 8900 yuan/ton, up -6.32%;
DMC East China market price 4600 yuan/ton, up -4.2%;
East China market price of isopropyl alcohol 6775 yuan/ton, up -1.1%;
Acrylic acid east China market price 6750 yuan/ton, up -4.26%;
Butyl acrylate East China market price 8800 yuan/ton, up -2.22%.
Acrylic emulsion
In terms of raw materials, the acrylic market may continue to be disadvantaged next week; the styrene market may maintain interval; in terms of methamphetamine or weak disks. Comprehensive cost performance for basic stability reference. In terms of supply, the industry’s start -up deposits will be basically stable and improved next week, and the output may not change significantly. The possibility of high inventory in some factories still exist. In terms of demand, terminal demand is not as good as expected, and the number of downstream orders may still maintain a medium low level. It is expected that the acrylic emulsion market may still negotiate shipment priority.
The prices of main raw materials of coatings were differentiated, with prices of N-butanol, Neopentarglycol,Xylene and other products rising, but prices of epoxy resin, MDI, butyl acrylate and related products in the industry chain continuing to decline, and the decline trend was amplified.
Neopentyl glycol/Isobutyraldehyde: The domestic neopentylene glycol market rises, raw material price rises slightly, cost support increases, neopentylene glycol contract is executed in large order, the spot is tight, the low-end market price moves upward, but the downstream polyester resin factories follow up generally, the inventory is under pressure, and the market follow-up is insufficient. Up to now, the domestic neopentylene glycol market is 10,500-10,800 yuan/ton. Isobutyral price 7600-7700 yuan/ton.
Butyl acrylate: The butyl acrylate market shock down, with prices falling part of the downstream terminal bottom-buying, but the real single transaction to low prices. Up to now, 8,700-8800 yuan/ton in East China market, the current industrial load is less than 5%. But due to the lack of demand, butyl acrylate market fundamental changes limited, the current market spot volumeis not large. Recently, the acrylic market has maintained shocks.
Epoxy resin/Bisphenol A/ Epichlorohydrin: The price of domestic epoxy resin continued to decline, East China liquid epoxy resin price dropped to 13500-14200 yuan/ton; Huangshan solid epoxy resin 13400-13900 yuan/ton. The upstream raw materials of epoxy resin bisphenol A and epichlorohydrin continued to dip in the week, and the resin cost surface support was weak. The manufacturers made shipment at a profit under the pressure of storage position, and the downstream purchasing enthusiasm was still weak. With the price falling to a low level, operators are obviously lack of confidence in the future market, terminal enterprises involved in purchasing to maintain a small amount of rigid demand, the center of gravity is weakening, it is expected that the domestic epoxy resin in the depressed atmosphere may continue to decline. East China bisphenol A price 9450 yuan/ton, East China epichlorohydrin price 8500 yuan/ton.
Post time: Apr-10-2023