1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of dichloroethane in China was 2793 yuan/ton on March 24th, and 2810 yuan/ton on March 18th. The price of chloroethane fell by 0.59% this Tuesday.

2、 Analysis and Review

This Tuesday, the market price of chloroethane continued to be weak, with a moderate trading atmosphere and sufficient market supply. According to customs data, the export volume of 1,2-dichloroethane (ISO) from China in February 2024 was 35 tons, with an average export price of 3411 yuan/ton. The total export volume of 1,2-dichloroethane (ISO) from China from January to February was 5564.349 tons, a year-on-year increase of 92%.

In terms of raw materials, the quotation for ethylene CFR Northeast Asia increased by $5/ton this week.

On the demand side: Recently, major vinyl chloride manufacturers in East China have been operating steadily, and the supply of goods has increased. The mainstream quotation of domestic vinyl chloride products has been lowered, and the market transaction situation is slightly flat compared to the previous period. The quotation for ethylene based PVC in East China has increased by 50 yuan/ton.

3、 Future Market Forecast

From the perspective of the business society, there has been a narrow increase in the prices of raw materials and demand terminals, but there is sufficient supply of vinyl chloride, and procurement is mainly based on rigid demand. It is expected that the price of dichloroethane will remain stable and weak in the near future.

According to monitoring data from Business Society, as of March 22, 2024, the domestic market price of organic silicon DMC was referenced at 16040 yuan/ton. Compared with March 17 (organic silicon DMC reference 16160 yuan/ton), the price was reduced by 120 yuan/ton, a decrease of 0.74%.

From the testing chart of the organic silicon DMC product data of Shengyishe, it can be seen that this week, the overall domestic organic silicon DMC market showed a weak decline. During the week, the overall trading atmosphere in the organic silicon DMC site was light, and the downstream stocking in the early stage has basically ended. Currently, it is mostly in the stage of digesting inventory. Therefore, the current downstream demand for organic silicon DMC is showing a weak trend, and overall new orders on the market are gradually weakening. Under the drag of weak demand, the overall negotiation focus of organic silicon DMC in the market has continued to decline slightly. As of March 22, the domestic organic silicon DMC market price reference is around 15800-16500 yuan/ton.

Prediction of the future trend of organic silicon DMC market

At present, there is a strong wait-and-see atmosphere in the organic silicon DMC market, and there is some concern in the market. Downstream demand for goods is relatively cautious, and some factories have a certain willingness to go out of stock. Some factories still have pre order support, with stable prices as the main focus. According to the organic silicon DMC data analyst from Business Society, in the short term, the domestic organic silicon DMC market will mainly adjust and operate within a narrow range. More attention should be paid to the news on the supply and demand side, as well as the impact of factors such as market operation and production capacity changes.

According to the commodity market analysis system of Business Society, the formaldehyde market in Shandong has recently risen. At the beginning of the week, the average price of formaldehyde in Shandong was 1196.67 yuan/ton, and on the weekend, the average price of formaldehyde in Shandong was 1203.33 yuan/ton, an increase of 0.56%. The current price has dropped by 5.50% year-on-year.

formaldehyde

Recently, the price of formaldehyde in the Shandong region has fluctuated and risen. From the above chart, it can be seen that the formaldehyde market has been mainly fluctuating slightly, with a narrow upward trend this week. As of March 21st, the mainstream market price in Shandong region is 1150-1260 yuan/ton. This week, the price of raw material methanol has risen, with good cost support. Downstream plate factories have slow demand and consumption, and formaldehyde manufacturers are under greater pressure to ship, resulting in limited market growth.

Upstream methanol situation: The domestic methanol market is operating in a narrow upward trend. Anqing Shuguang and Xiaoyi Xindongheng equipment maintenance; Guangju New Materials, Yunnan Qumei, and Yunnan Pioneer Plant have reduced production; Daqing Methanol Plant, Sinopec Great Wall, and Xinjiang Xinye Plant have been restored. The overall loss is greater than the recovery, resulting in a decrease in capacity utilization. The supply side of methanol is influenced by favorable factors. The low volume of methanol arriving at the port and the low level of port inventory have provided strong support to the market, resulting in a slight increase in the methanol market.

Recently, the price of raw material methanol has risen, with good cost support. However, the imbalance between supply and demand in the formaldehyde market has not improved. Therefore, the formaldehyde analyst at the Chemical Branch of Shengyishe predicts that the formaldehyde price in Shandong will mainly fluctuate and consolidate in the near future.

Recently (from March 12th to March 20th), the market price of butadiene rubber has surged significantly. According to the commodity market analysis system of Business Society, as of March 20th, the market price of butadiene rubber in East China was 13940 yuan/ton, an increase of 4.97% from the 13280 yuan/ton on March 12th. The high price consolidation of raw material butadiene, the decline in the supply of butadiene rubber, and the high production of downstream tires have formed strong favorable conditions for the cost and supply of butadiene rubber, resulting in a significant increase in the price of butadiene rubber.

Recently (3.12~3.20), the price of butadiene has stabilized at a high level, with strong cost support for butadiene rubber. According to the Commodity Market Analysis System of Business Society, as of March 20th, the price of butadiene was 11532 yuan/ton, an increase of 0.03% from March 12th’s 11528 yuan/ton.

In the near future (3.12-3.20), the overall production of butadiene rubber has remained at a low level of around 6.3%, and the supply of butadiene rubber is expected to be tight in the later stage.

Demand side: In the near future (3.12-3.20), downstream tires will start operating at a high level, providing certain support for butadiene rubber. It is understood that as of March 14th, the operating load of semi steel tires in domestic tire enterprises was around 790%; The operating load of all steel tires in tire enterprises in Shandong region is close to 70%; Overall, there is some support for the supply and demand of polybutadiene rubber, but as the price of polybutadiene rubber rises, downstream consumers may resist high prices and procurement efforts may slow down.

Market forecast: Business Society analysts believe that the price of raw material butadiene is still at a high level, and the cost support for butadiene rubber is strong; While some devices are being shut down and reduced in load, there are still other maintenance plans in the later stage, and the expectation of starting production of butadiene rubber is further reduced; The cost and commencement of production support the market for butadiene rubber. However, the current downstream resistance to the high priced supply of butadiene rubber has slowed down, putting pressure on the butadiene rubber market. Overall, the current butadiene rubber market is expected to maintain a high consolidation level in the short term.

Price trend

According to the Commodity Market Analysis System of Shengyishe, the CPP market prices have decreased this week. As of March 19th, domestic producers and traders have reached 25% μ The mainstream quoted price for m’s CPP film is around 10080 yuan/ton, a decrease of about 1.1% from last week’s average price.

quotations analysis

In terms of raw materials: From the above chart, it can be seen that the price of raw material PP has fluctuated and increased this month. The mainstream quoted price of domestic manufacturers and traders T30S (wire drawing) is around 7720 yuan/ton, an increase of about 0.1% compared to last week. Cost side support for CPP prices is still ongoing.

On the supply side, some inventory still accumulates and there is not much willingness to accept orders.

In terms of demand: Downstream enterprises have limited new orders and consume more pre holiday accumulated inventory, resulting in insufficient market demand to support prices.

Future Market Forecast

With the rise in raw material polypropylene prices, it is expected that CPP prices will slowly recover in the near future.

List of prices for ethylene oxide in March

The price of ethylene oxide slightly increased in mid March. According to data from Business Society, as of March 15th, the average market price of ethylene oxide in China was 6900 yuan/ton, an increase of 100 yuan/ton compared to before the holiday; From a regional perspective, the epoxy ethane market in East China is priced at 6700-6900 yuan/ton externally; The listed price of ethylene oxide in the South China market is 6900 yuan/ton; The listed price of ethylene oxide in North China is 6800 yuan/ton; The listed price of ethylene oxide in the central China market is 6800 yuan/ton.

Overview of the ethylene oxide industry chain

The main downstream polycarboxylate water reducing agent monomer prices have rebounded, while the upstream raw material ethylene prices have risen. The cost pressure on ethylene oxide enterprises has increased, and the rising prices are transmitted to ethylene oxide. The price of ethylene glycol, a related product, has remained volatile at a high level after an earlier increase, which has also given positive expectations to the supply side of ethylene oxide.

Future market forecast

The demand for downstream products of ethylene oxide may have positive expectations with the start of terminal real estate construction. The supply side is affected by factors related to production conversion, resulting in an improvement in supply expectations. It is expected that the price of ethylene oxide will fluctuate strongly in the short term.

The price of plasticizer DBP has slightly decreased,

According to the Commodity Market Analysis System of Business Society, as of March 14th, the DBP price was 9362.5 yuan/ton, a slight decrease of 0.66% compared to the DBP price of 9425 yuan/ton on March 7th; Compared to March 1st, the DBP price dropped by 2.60% to 9612.5 yuan/ton. The raw material n-butanol has stopped falling and rebounded, while the price of isooctanol has fluctuated and fallen. The pressure on the cost decline of plasticizer DBP has weakened, and downstream manufacturers have not recovered well. Downstream customers have average purchasing enthusiasm, and the demand for plasticizer DBP is weak. DBP prices have fluctuated slightly this week.

The price of n-butanol has stopped falling and rebounded,

According to the Commodity Market Analysis System of Shengyishe, as of March 14th, the price of n-butanol was 8000 yuan/ton, which fluctuated and increased by 0.84% compared to the price of n-butanol on March 7th, which was 7933.33 yuan/ton; Compared to March 1st, the price of n-butanol at 8383.33 yuan/ton decreased first and then increased, with a decrease of 4.57%. In early March, the domestic n-butanol market continued to decline weakly. This week, the n-butanol market has finally broken the downward trend, and the market has experienced a slight recovery. The downstream demand for n-butanol has improved overall, and the trading atmosphere in the n-butanol market is mild. The overall supply side of n-butanol is still relatively loose, and the price of n-butanol has stopped falling and rebounded; DBP cost support is increasing.

The price of isooctanol has fluctuated and fallen,

According to the Commodity Market Analysis System of Shengyishe, as of March 14th, the price of isooctanol was 11675 yuan/ton, a decrease of 6.04% from the price of isooctanol on March 1st, which was 12425 yuan/ton. This week, the production of isooctanol has been stable, and the supply of isooctanol has increased; The shipment situation of iso octanol factories is poor, downstream manufacturers purchase at low prices, downstream demand is weak, and the price of iso octanol fluctuates and falls. The cost of plasticizer DBP has decreased.

Future expectations,

Business Society plasticizer product data analysts believe that in terms of raw materials: n-butanol first fell and then rose, isooctanol prices fluctuated and fell, and DBP raw material costs weakened the pressure of rising support. In the future, the downward pressure on raw materials will weaken; The supply of plasticizer DBP manufacturers is stable, and downstream PVC demand remains weak. It is expected that DBP prices will remain weak and consolidate in the future.

1、 Price trend

According to the Commodity Analysis System of Business Society, the average price of isobutyraldehyde in the mainstream domestic market increased from 8900 yuan/ton at the beginning of the week to 9000 yuan/ton over the weekend, an increase of 1.12%, and the weekend price increased by 23.85% year-on-year.

2、 Market analysis

From the supply side perspective, mainstream manufacturers of isobutyraldehyde have seen fluctuations in their quotations and low inventory this week.

The propylene market has slightly increased this week, with prices rising from 6863.25 yuan/ton at the beginning of the week to 7054.60 yuan/ton over the weekend, an increase of 2.79%, and a year-on-year decrease of 5.49% over the weekend. In the early part of the week, due to the shutdown of some upstream devices in the region, supply tightened, prices rose, and downstream buyers entered the market. In the later part of the week, prices rose to a high level, and the atmosphere of downstream entry into the market weakened. In addition, some units released propylene, which eased the tight supply situation and led to a slight decline in propylene prices.

From the perspective of downstream demand, the market situation of new pentanediol has slightly increased, with the market price rising from 10600 yuan/ton at the beginning of the week to 10666.67 yuan/ton at the weekend, an increase of 0.63%, and the weekend price falling by 1.84% year-on-year. The market situation of neopentyl glycol has slightly increased, with enterprises operating at a high level and downstream demand being good, which has a positive impact on isobutyraldehyde.

3、 Future prospects

In mid to late March, the trend of isobutyraldehyde market may fluctuate and rise. The upstream propylene market has slightly increased, with good cost support, while the downstream new pentanediol market has slightly increased. Enterprises have started operating at a high level, and downstream procurement enthusiasm is good. Business Society’s isobutyraldehyde analyst believes that in the short term, the isobutyraldehyde market may experience slight fluctuations and gains due to various factors such as supply and demand and raw materials.

Acetic anhydride prices have stopped falling and rebounded this week

According to the commodity market analysis system of Business Society, as of March 22, the price of acetic anhydride was 5362.50 yuan/ton, which is stable compared to the price of acetic anhydride on March 1, which was 5362.50 yuan/ton; Compared to last weekend’s March 10th, the price of acetic anhydride increased by 0.70% to 5325 yuan/ton. The price of acetic acid has stopped falling and rebounded, with a slight increase in transaction volume and an increase in the cost of acetic anhydride; This week, the production of acetic anhydride enterprises has been stable, the supply of acetic anhydride is sufficient, the inventory of acetic anhydride manufacturers is low, and downstream rigid demand is the main. The price of acetic anhydride has stopped falling and rebounded this week.

Acetic acid prices have stopped falling and rebounded this week

According to the analysis system of the acetic acid commodity market in Shengyishe, as of March 11th, the price of acetic acid was 3050 yuan/ton, a decrease of 1.61% from the price of 3100 yuan/ton on March 1st. The acetic acid manufacturer is operating steadily and the overall production is at a high level. The downstream production of acetic acid is stable, with high market supply and demand, and transactions remain in high demand. The acetic acid market has entered a rebound stage, and industry players have a bullish attitude. The cost increase of acetic anhydride provides greater support.

Future prospects

According to analysts from Business Society Acetic Anhydride Data, in terms of raw materials, the price of acetic acid is showing a rebound trend, and the cost support for acetic anhydride is increasing; In terms of supply, acetic anhydride manufacturers have low inventory, which has a certain positive effect on the supply of acetic anhydride; In terms of demand, there is currently no significant positive trend in downstream demand. Overall, the cost of acetic anhydride has increased, resulting in weak demand and low supply; The upward momentum of acetic anhydride is increasing, and it is expected that the price of acetic anhydride will rebound and rise in the future.

1、 Price trend

According to the commodity market analysis system of Business Society, the price of baking soda was weak this week, with an average market price of 2450 yuan/ton at the beginning of the week and 2392 yuan/ton on the weekend, a price drop of 2.37%, and a year-on-year decrease of 1.77%. On March 7th, the baking soda commodity index was 158.85, a decrease of 1.64 points from yesterday, a decrease of 32.65% from the highest point in the cycle of 235.84 points (2021-11-10), and an increase of 79.96% from the lowest point of 88.27 points on December 22, 2020. (Note: The cycle refers to the period from September 1, 2020 to present)

2、 Market analysis

According to the commodity analysis system of Business Society, the price of baking soda is weak and downstream markets are purchasing on demand in the near future. Currently, the price of baking soda in China is running weakly, with the mainstream market quotation of around 1900-2400 yuan/ton. According to the Commodity Analysis System of Business Society, the price of soda ash has been weak this week. The average market price at the beginning of the week was 2190 yuan/ton, and the average market price over the weekend was 2040 yuan/ton, a decrease of 6.85%, a decrease of 26.62% compared to the same period last year..

Analysts from Business Society believe that the price of baking soda has been weak in recent times, with weak performance in the upstream raw material soda ash sector. Downstream pharmaceutical, textile, food and other sectors of baking soda have recently made more purchases according to demand, replenishing inventory in an appropriate amount, without any positive support. It is expected that baking soda prices will mainly fluctuate in the later stage, depending on downstream market demand.