Polyethylene fell mainly this week (5.8-5.12)

According to the monitoring of the Commodity Market Analysis System of the Business Society, the domestic price of LLDPE (7042) was 8264 yuan/ton on May 8th, and the average price on May 12th was 8218 yuan/ton, with a decrease of 0.55% during the period.

 

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According to the monitoring of the Commodity Market Analysis System of the Business Society, the average ex factory price of LDPE (2426H) was 8530 yuan/ton on May 8th and 8487 yuan/ton on May 12th, with a decrease of 0.50% during the period.

 

According to the monitoring of the Commodity Market Analysis System of the Business Society, the average ex factory price of HDPE (5000S) was 9087 yuan/ton on May 8th, and the average price on May 12th was 9162 yuan/ton. During this period, the quotation increased by 0.83%.

 

Polyethylene fell mainly this week, while LLDPE and LDPE prices fell. HDPE prices remained stable after rising, with limited upside potential. On the cost side, international crude oil futures fell, suppressing the weakening of the polyethylene market. Enterprises lower their prices, and traders adjust accordingly. On the supply side, temporary parking and maintenance devices have increased, resulting in a decrease in polyethylene production. In terms of demand, agricultural film is in the off-season of demand, with poor order volume and limited procurement on demand.

 

The increase in equipment maintenance for domestic enterprises has alleviated the pressure on polyethylene supply to a certain extent, limiting its potential for decline; The demand in the agricultural film market is not good, which is bearish for the polyethylene market. It is expected that polyethylene may be mainly adjusted to be weak.

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Shandong formaldehyde market price fluctuated and fell

According to the Commodity Market Analysis System of Business Society, the formaldehyde market in Shandong has been fluctuating and declining recently. At the beginning of the week, the average price of formaldehyde in Shandong was 1186.67 yuan/ton. At the beginning of the week, the average price of formaldehyde in Shandong was 1176.67 yuan/ton, a decrease of 0.84% compared to last week, and the current price has dropped by 12.41% compared to last year.

 

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formaldehyde

 

Recently, the price of formaldehyde market in Shandong has fluctuated and dropped. It can be seen from the figure above that the recent market of formaldehyde mainly fluctuates slightly, and this week’s market has declined. As of May 11, the mainstream market value price in Shandong was 1120-1280 yuan/ton. This week, the price of raw material methanol fell weakly, downstream sheet metal factories started smoothly, and demand support on the market was average. Market trading sentiment was poor, and formaldehyde manufacturers led the formaldehyde market to decline in order to ship.

 

Upstream methanol situation: The domestic methanol market is fluctuating and declining, with Jining’s methanol factory price reference being around 2300 yuan/ton for cash withdrawal, and Linyi’s delivery price reference being around 2350 yuan/ton for cash withdrawal. The local methanol factory in central Shandong quoted a price of 2400 yuan/ton for cash remittance, while the reference price for the methanol market in Dongying, Shandong is 2320-2330 yuan/ton for cash remittance.

 

Recently, the methanol market has been weak and declining, with poor cost support. Downstream sheet factories are maintaining their demand for procurement. Therefore, formaldehyde analysts from the Chemical Branch of the Business Society predict that the price of formaldehyde in Shandong will mainly fluctuate and fall in the near future.

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The dimethyl carbonate market remained stable in the first week of May (5.1-5.6)

According to monitoring data from Business Society, as of May 6, 2023, the reference factory price of domestically produced industrial grade dimethyl carbonate was 4766 yuan/ton. Compared to May 1, 2023, the price remained basically unchanged, and compared to January 1, 2023 (reference price of dimethyl carbonate was 4800 yuan/ton), it was reduced by 34 yuan/ton, a decrease of 0.69%.

 

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From the data monitoring chart of the Business Society, it can be seen that in the first week of May (5.1-5.6), the domestic dimethyl carbonate market remained stable and consolidated as a whole. After the holiday, there was little change in the supply and demand side of dimethyl carbonate on the market, and the overall market was relatively calm. Supply side: After the holiday, the supply side of dimethyl carbonate is generally stable. On the demand side: The downstream demand segment is generally stable, with more new orders and more rigid procurement. As of May 6, the domestic market price of dimethyl carbonate is around 4500-4800 yuan/ton.

 

Analysis of Future Market Trends

 

At present, the trading atmosphere of dimethyl carbonate in the domestic market is light, and the market inquiry atmosphere is relatively calm. The dimethyl carbonate data analyst of the Business Society predicts that in the short term, the domestic dimethyl carbonate market will mainly be stable and subject to minor changes. The specific trend still needs to pay more attention to the changes in supply and demand.

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Cost support decreases, and plasticizer DBP prices fluctuate and fall in April

April plasticizer DBP fluctuated and fell

 

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According to the Commodity Market Analysis System of the Business Society, as of April 28th, the DBP price was 9237.50 yuan/ton, a decrease of 4.52% compared to the DBP price of 9675 yuan/ton on April 1st. The prices of raw materials have decreased, cost support has decreased, and downstream customers have poor purchasing enthusiasm. In April, DBP prices fluctuated and fell.

 

Market situation of raw material products

 

According to the Commodity Market Analysis System of the Business Society, as of April 28th, the quotation for ortho phthalic anhydride was 8225 yuan/ton, a decrease of 4.64% from the price of 8625 yuan/ton on April 1st. The price increase of neighboring benzene has slowed down, and the support for the cost increase of phthalic anhydride has weakened. Downstream demand is poor, and the market for phthalic anhydride in April was weak, increasing the pressure on the price decline of phthalic anhydride in the future.

 

According to the Commodity Market Analysis System of the Business Society, as of April 28th, the price of n-butanol was 7166.67 yuan/ton, a decrease of 7.33% compared to the price of n-butanol on April 1st, which was 7733.33 yuan/ton. In April, the equipment construction of n-butanol enterprises was stable, with sufficient supply of n-butanol and weak downstream demand. The price of n-butanol fell weakly in April, and the downward pressure on n-butanol prices in the future increased.

 

According to the Commodity Market Analysis System of the Business Society, as of April 28th, the price of isooctanol was 9157.14 yuan/ton, a decrease of 2.88% compared to the price of isooctanol on April 1st, which was 9428.57 yuan/ton. In April, the production of isooctanol enterprises was at a low level, and the supply of isooctanol decreased. The production of plasticizer enterprises was temporarily stable at a low level, and the weak consolidation of isooctanol will be the main trend in the future.

 

Future expectations

 

Analysts from Business Society’s plasticizer product data believe that in April, the prices of raw materials for plasticizer DBP, such as phthalic anhydride, isooctanol, and n-butanol, fluctuated and fell, increasing the pressure on raw materials to decline. On the demand side, downstream demand is weak. In the future, cost support has decreased and demand is weak, with plasticizer DBP market mainly fluctuating and falling.

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The “V” shaped trend of the domestic aggregated MDI market in April

According to the Commodity Market Analysis System of Business Society, the “V” shaped trend of the domestic aggregated MDI market in April. From April 1 to 27, the price of the domestic aggregate MDI market fell first and then rose to 15860 yuan/ton, with the maximum amplitude of 4.92% in the cycle, and the price fell 15.82% year on year.

 

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At the beginning of the month, the aggregated MDI market significantly declined. The recovery on the demand side is poor, and market support is gradually weakening. Traders have significantly lowered their prices, but actual orders are still relatively low. In mid month, downstream demand side follow-up was weak, and overall market confidence was insufficient. At the same time, the supply of goods was relatively abundant, which limited market support. The aggregated MDI market continued to be weak. In the latter half of the month, the MDI price situation in the early stage has dropped to a low level, and the inquiry atmosphere has heated up. The buying ability has strengthened, and the mentality of traders has improved. The quotation has risen in a narrow range and the transaction is good.

 

On the supply side, the listed price of aggregated MDI in April 2023 was 19800 yuan/ton, which remained stable month on month.

 

On the cost side, raw material pure benzene: In April, the domestic pure benzene market saw a gradual upward trend. On April 27th, the benchmark price of pure benzene at Shangshang Society was 7442.17 yuan/ton, an increase of 2.76% compared to the beginning of this month (7242.17 yuan/ton). The price of domestic pure benzene market rose significantly, the price of international crude oil rose significantly, the listed price of main units rose, and the domestic supply of pure benzene remained low. The downstream demand of the pure benzene industry chain continues to recover, with sufficient support for the price of pure benzene. The supply and demand side of pure benzene is good, and prices are easy to rise but difficult to fall. In April, aniline first fell and then rose. On April 27th, the benchmark price of aniline in Shangshang Society was 11775.00 yuan/ton, a decrease of -10.46% compared to the beginning of this month (13150.00 yuan/ton). The cost side of short-term aggregated MDI is relatively favorable.

 

On the demand side, downstream demand is just in need of follow-up, and inventory in the early stage is gradually depleted. As the May Day holiday approaches, downstream is actively stocking up. The demand side for short-term aggregated MDI is slightly positive.

 

In the future market forecast, both cost and demand are positive, and analysts from Business Society Aggregated MDI predict that the domestic aggregated MDI market will remain high.

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PC market continues to decline in April

Price trend

 

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According to the bulk list data of Business Society, the domestic PC market fluctuated and fell in April, with overall spot prices of various brands decreasing. As of April 26th, the reference quotation for the PC sample enterprises of the Business Society was around 15583.33 yuan/ton, a decrease of -1.79% compared to the beginning of the month.

 

Cause analysis

 

In terms of raw materials: From the above figure, it can be seen that the bisphenol A market fluctuated and improved at the end of this month. In the early stage, international crude oil continued to strengthen, while pure benzene and phenol in the upstream raw materials increased, and bisphenol A was supported by increased cost. As the holiday season approaches in the latter half of the year, the enthusiasm for entering the downstream epoxy resin market has increased, and the market negotiation atmosphere has improved. Holders have a relatively stable mentality, and their prices are quite high. It is expected that the market situation may continue to rise.

 

In terms of supply: In April, the overall operating rate of domestic PCs was adjusted to around 70%, and the industry is still at a three-year high load with abundant supply. In addition, some maintenance plans have been delayed and new devices have been put into operation within the month. Overall, the positive impact of April’s negative reduction on the market has been smoothed out, and the expected increase in inventory and supply in the later period has resulted in poor support for spot goods.

 

In terms of demand: In April, downstream PC buyers just needed to maintain production, and the business owners had a more wait-and-see mentality. The auction situation also fell short of expectations, with prices falling. At present, the starting position of terminal enterprises is not high, and the actual stocking operation has not improved, with light on-site trading. Traders’ mentality has weakened, and their offers are generally in line with the market.

 

Future Market Forecast

 

In April, the PC market was volatile, and the upstream bisphenol A market rose after consolidation, which improved the support for PC costs. However, the high load of domestic polymerization plants remains stagnant, and there is no improvement in demand side follow-up, while supply side pressure remains high. It is expected that the PC market will take some time to overcome the supply-demand contradiction and may continue to operate in a weak position.

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On April 25th, domestic hydrochloric acid prices increased by 3.04%

Product name: Hydrochloric acid

 

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Latest price (April 25th): 23.60 yuan/ton

 

On April 25, the price of domestic hydrochloric acid market rose slightly, 6 yuan/ton higher than that on April 24, up 3.04%, and 34.32% lower than that on the same period last year. The recent market situation of upstream liquid chlorine has slightly increased, with increased cost support. The market situation of downstream polyaluminum chloride and ammonium chloride has slightly declined, and downstream procurement willingness is average.

 

In the future, the domestic hydrochloric acid market price may slightly fluctuate and fall, with the average market price around 190 yuan/ton.

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The market situation of epoxy propane is mainly stable (4.20-4.24)

According to the Commodity Market Analysis System of the Business Society, as of April 24th, the average price of epoxy propane enterprises was 9465.00 yuan/ton, which is unchanged compared to last Thursday (April 20th).

 

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The recent market situation of epoxy propane is mainly stable. Recently, the price of raw material propylene has been weak, and the cost support has weakened. Last Thursday, factory shipments slightly increased, and downstream wait-and-see has followed up appropriately. On the weekend, some downstream companies just need to stock up before the holiday, and inventory pressure has eased. The epoxy propane market is mainly stable and wait-and-see. At the beginning of this week, downstream companies remained the main follower, and the market trading atmosphere is still good. On the 24th, the mainstream quotation for epoxy propane in the Shandong region was around 9550-9700 yuan/ton.

 

Upstream propylene, according to the commodity market analysis system of the business community, the recent price of propylene in Shandong has fallen. On April 21, the reference price of propylene was 7110.60, down 0.39% compared with April 1 (7138.60).

 

The epoxy propane analyst at Business Society believes that the current cost support is average, and the supply side operates without pressure, which has some support for the market. Downstream companies are still following up, and it is expected that the epoxy propane market may rise in the short term and wait and see for consolidation and operation. More attention needs to be paid to market news guidance.

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ABS market continues to decline

Price trend

 

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Recently, the domestic ABS market has declined, and spot prices have often declined. According to the Commodity Market Analysis System of Business Society, as of April 23, the average price of ABS sample products was 11475 yuan/ton, a decrease of -2.24% compared to the average price level at the beginning of the month.

 

Cause analysis

 

On the supply side: This week, the high load situation in the ABS industry saw a slight increase, with some companies experiencing an increase in operating rates, resulting in the overall operating rate of domestic ABS rising to over 97%. On site spot supply is abundant, competition intensifies, and supply side pressure is high. The inventory of domestic enterprises has increased, while the mid stream inventory has remained stagnant at a high level. Merchants are under pressure, and their prices have declined.

 

In terms of raw materials, the overall performance of ABS upstream three materials has been mixed in recent times. The raw material acrylonitrile market continued to adjust. Last week, cost support slightly improved, while supply and demand remained stable and there were reports of device maintenance. Merchants’ willingness to stand up for prices has increased, with downstream demand being the main focus and stable demand. The current acrylonitrile market is in a stalemate, and it is expected that the market may maintain a consolidation trend in the near future.

 

Recently, the domestic butadiene market has stopped falling and increased due to the impact of external market prices and high prices from mainstream domestic suppliers, as well as with the increase in Sinopec’s supply prices and the approaching holiday, some downstream companies are gradually restocking, and the butadiene market is rebounding and rising.

 

This week, the styrene market fluctuated and fell. Recently, the styrene market price has continued to decline. From the figure below, it can be seen that the recent price of styrene has mainly fluctuated slightly. On the 21st, international crude oil prices rebounded, and the overall trading volume in the Asian styrene US dollar market was light, with lower prices and poor cost support. Domestic styrene supply was relatively abundant, and port inventory was slightly rising. It is expected that the short-term volatility and decline in the styrene market will be the main factors.

 

In terms of demand: Recently, downstream factories, including the main terminal appliance industry, have shown average enthusiasm for stocking up. The manufacturer’s mentality is cautious and wait-and-see, and overall demand improvement is limited. The actual trading volume on the market is weak, and the smoothness of goods delivery is poor.

 

Future Market Forecast

 

Recently, the three upstream materials of ABS have seen mixed ups and downs, providing average support for the cost side of ABS. The petrochemical plant is almost fully operating, and the market supply of goods continues to be abundant. Poor demand side support, overall maintaining a weak and rigid demand pattern. The stacked inventory position has increased, leading to a weakening mentality among merchants, resulting in frequent operations such as profit taking and order taking. It is expected that in the short term, the ABS market may continue to be weak due to the impact of supply and demand contradictions.

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Cost support weakens, plasticizer DOTP is weak this week

Weak consolidation of plasticizer product DOTP this week

 

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According to the Commodity Market Analysis System of the Business Society, as of April 17, the average price of DOTP was 9971 yuan/ton, a decrease of 0.19% compared to the average price of 9990 yuan/ton on April 10. Plasticizer enterprises started steadily, raw material support was absent, DOTP quotation remained firm, market transactions were cold, the actual transaction price center moved down, and DOTP price was weak and consolidated this week.

 

Market situation of raw material products

 

According to the Commodity Market Analysis System of the Business Society, as of April 17, the price of isooctanol was 9114.29 yuan/ton, a fluctuation decrease of 1.24% compared to the price of isooctanol on April 10, which was 9228.57 yuan/ton. This week, the production of isooctanol enterprises was at a low level, and the supply of isooctanol is expected to decrease. Demand side plasticizer enterprises have temporarily stabilized their production, and the weak and volatile consolidation of isooctanol will be the main trend in the future.

 

According to the Commodity Market Analysis System of the Business Society, as of April 17th, the PTA price was 6520.91 yuan/ton, an increase of 2.68% compared to the fluctuating price of 6350.91 yuan/ton on April 10th. Cost support, PTA prices fell first and then rose this week, with a slight increase in PTA market.

 

Downstream demand is weak

 

According to the Commodity Market Analysis System of the Business Society, as of April 17, the price of PVC was 5994 yuan/ton, a decrease of 1.20% compared to the PVC price of 6066.67 yuan/ton on April 10. The PVC spot market is relatively light, and the futures market has performed poorly. The overall market atmosphere is relatively empty, with insufficient confidence on the market. The inquiry atmosphere in the PVC spot market is weak, and the enthusiasm for buying goods is not good. PVC prices have fallen.

 

Future expectations

 

Business Society plasticizer product data analysts believe that this week, the price of DOTP plasticizer raw material isooctanol has fluctuated and decreased, PTA prices have fluctuated and increased, and the support for raw material prices has weakened. On the demand side, PVC prices are weak and declining, while downstream demand is weak. Overall, cost support weakens and demand is weak, while plasticizer DOTP market is mainly weak and consolidating.

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