Analysis on the recent trend of some raw materials

2022-10-23
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Recent trend analysis of some raw materials in East China

ethyl acetate

the price of ethyl acetate in East China continued to fall under the amplification of trading volume this week. From November 29 to December 5, the market reference price fluctuated slightly between 6900-7000 yuan/ton, down 100 yuan per ton from last week

market characteristics of ethyl acetate this week:

1 the market price trend of ethyl acetate this week was weak. Under the selling pressure of manufacturers, the price finally fell below the 7000 yuan/ton mark

2 the downstream market of ethyl acetate has not improved. At the current price, downstream producers are mainly on the sidelines, and their initiative to buy is not strong

3 the market competition is fierce. Under the influence of some low-cost products, the price of ethyl acetate lacks rebound strength

2. The second is the ball screw, which drives the motion of the sensor. It is expected that due to the recent weak price trend of glacial acetic acid and the efforts of ethyl acetate manufacturers to reduce inventory, the future trend is not optimistic. However, from a short-term analysis, due to the large cumulative decline in recent prices, it is expected that the price will stop falling and stabilize next week

pure benzene

this week, the price of pure benzene in East China was slightly adjusted at the price of last week under the contraction of trading volume. From November 29 to December 5, the price of pure benzene per ton fluctuated slightly between 6000-6050 yuan, down 50 yuan per ton from last week

market characteristics of pure benzene this week:

1 the pure benzene market has not improved. Under the influence of the poor price trend of downstream products, the price of pure benzene lacks the power to rebound

2 when the selling pressure has eased, the price decline has been smaller than that in the previous period, and most market participants are still mainly on the sidelines at the current price

3 the price trend of pure benzene in Southeast Asia was weak. On December 2, the price of pure benzene per ton fluctuated around $599-601, down $10 per ton from last week

aftermarket forecast

due to the fierce competition in the pure benzene Market in the near future, especially under the influence of some low-cost products, it is expected that the price of pure benzene will still fall next week. It is possible to fall below the integer level of 6000 yuan/ton

p-xylene

under the amplification of trading volume, the price of p-xylene in East China continued to fall slightly this week. From November 29 to December 5, the reference price of p-xylene market was around 7800-7900 yuan/ton, down another 100 yuan per ton from last week

market characteristics this week

1 the phenomenon of weak price trend of p-xylene has not changed and continues to operate in the downward channel

2 the price of p-xylene fell sharply in the early stage, and the price decline was significantly smaller than that in the early stage

3 the price of p-xylene in Southeast Asia was slightly adjusted, fluctuating slightly at about $863/ton on December 2, down $2 per ton from last week

aftermarket forecast

due to the continuous decline of domestic p-xylene prices and the contraction of trading volume, it is expected that the price will stop falling and stabilize next week

butadiene

the butadiene market in East China fell again this week under the contraction of trading volume. From November 29 to December 5, the market price was 10900-11100 yuan/ton, down about 1200 yuan per ton from last week

butadiene market characteristics this week:

1 Sinopec East China branch took the lead in significantly reducing the price of butadiene this week, causing strong psychological pressure on market participants

2 near the end of the year, the social inventory of butadiene is high, and the price of downstream products continues to weaken, so the price of butadiene is in a rational regression

3 butadiene prices in Southeast Asia fell sharply. On December 2, the price per ton fluctuated slightly at $960, down $20 per ton from last week, causing some pressure on the domestic market

aftermarket forecast

due to the sharp decline in butadiene price this week, it is beyond the expectation of market participants. Under the effect of falling inertia, it is expected that the price trend next week is not optimistic

ethylene oxide

the ethylene oxide Market in East China fell this week under the shrinking trading volume. From November 29 to December 5, the price of ethylene oxide per ton was between 14700-15000 yuan, down 300 yuan from last week

market characteristics of ethylene oxide this week:

1 the price of ethylene oxide is relatively high. Near the end of the year, when manufacturers are eager to return funds, the price has fallen

2 ethylene oxide producers are profitable at the current price. In addition, under the influence of the sharp decline in the price of ethylene oxide in Northeast China, the price of ethylene oxide in East China has fallen sharply

3 the price of downstream products of ethylene oxide is gradually weakening, and the social inventory is gradually increasing under the condition that downstream manufacturers are not willing to buy

aftermarket forecast

as the market price of ethylene oxide fell this week, and under the influence of buying up or not buying down, it is expected that the price of ethylene oxide next week will also make the market of recycled plastic granulator more and more optimistic, and there is still room for decline

acrylonitrile

the acrylonitrile market in East China was relatively stable this week, and the price was slightly adjusted at the price last week. From November 29 to December 5, the market reference price was about 12700-12800 yuan/ton, basically the same as last week

acrylonitrile market characteristics this week:

1 the acrylonitrile market has not improved, and the price is running at a low level, which cannot stimulate the rise of acrylonitrile price

2 the social inventory of acrylonitrile has decreased. At the current price, manufacturers are not willing to sell pressure

3 acrylonitrile prices in Southeast Asia continued to operate at a high level. On December 2, the price was about $1435/ton, basically the same as last week

future forecast

due to the relatively stable acrylonitrile market in East China recently, and the weak buying power, it is expected that the acrylonitrile price will still be in a dilemma next week

vinyl acetate

the price of vinyl acetate in East China continued to move down again this week under the contraction of trading volume. From November 29 to December 5, the market transaction price was 8600-8800 yuan per ton, down 200 yuan from last week

market characteristics of vinyl acetate this week:

1 the price of vinyl acetate continues to operate in the declining channel under the effect of falling inertia

2 the market competition of vinyl acetate is relatively fierce, especially when some manufacturers increase their selling efforts, the focus of price continues to move downward

3 the price of vinyl acetate in Southeast Asia was slightly adjusted. On December 2, the price per ton was about $940, basically the same as last week

aftermarket forecast

although the price of vinyl acetate in East China fell again this week, it is expected that the market price of vinyl acetate will stop falling and stabilize next week under the condition of excessive cumulative decline

glacial acetic acid

under the shrinking trading volume of glacial acetic acid Market in East China this week, the price stopped falling and stabilized. From November 29 to December 5, the market reference price was 5600-5700 yuan/ton, which was basically the same as last week

market characteristics of glacial acetic acid this week:

1 the trading volume of glacial acetic acid Market in East China has shrunk significantly compared with the previous period, and the market shows a trend of volume contraction and price leveling

2 at the current price, market participants are very cautious about the future trend of acetic acid. At the current price, they are not willing to buy

3 the price of glacial acetic acid in Southeast Asia was slightly adjusted, reaching US $610/ton on December 2, basically the same as last week

it is expected that the price of glacial acetic acid in East China will stop falling and stabilize this week, In addition, researchers are developing other aliphatic 2 isocyanates [for example, in the case of continuous pressure selling by 1 manufacturer, it is expected that the price will be slightly adjusted at the current price next week.

polyvinyl alcohol

the price of polyvinyl alcohol in East China continued to fall this week under the contraction of trading volume. From November 29 to December 5, the market price of polyvinyl alcohol 1799 brand was about 12000-12100 yuan/ton, with a slight fluctuation, down 300 yuan per ton from last week.

market characteristics of polyvinyl alcohol this week:

1 polyethylene Under the shrinking of market trading volume, alcohol has formed a trend of volume contraction and price decline

2 the market selling pressure is heavy. When the willingness to buy is not strong, the price lacks the power to rebound

3 the characteristics of PVA sales in the off-season are very obvious. In addition, under the condition of large social inventory, some market participants have been waiting and watching

aftermarket forecast

due to the weak market price trend of polyvinyl alcohol, especially when market participants are bearish about the aftermarket, it is expected that the price will still fall next week

methanol

the methanol market price trend in East China this week was stable, and the price rose again under the contraction of trading volume. From November 29 to December 5, the market reference price was 2600-2700 yuan/ton, up another 100 yuan per ton from last week

market characteristics this week

1 the methanol market price trend is stable, and the price rises again under the contraction of trading volume

2 the rising market price of methanol has brought certain pressure to formaldehyde manufacturers. At the current price, some formaldehyde manufacturers are unwilling to purchase in large quantities

3 methanol prices in Southeast Asia were slightly adjusted. The price per ton on December 2 was US $255, basically the same as last week

aftermarket forecast

although the price of methanol rose again this week, it is expected that the price of methanol will still rise slightly next week under the condition that methanol producers continue to raise prices

terephthalic acid

the terephthalic acid Market in East China was light this week, and the price was slightly sorted out on the basis of last week. From November 29 to December 5, the market reference price was about 7800-7900 yuan/ton, basically the same as last week

market characteristics this week

1 the price of polyester chips has stopped falling and stabilized, supporting the price of terephthalic acid to a certain extent

2 with the increase of polyester chip operating rate, the demand for terephthalic acid has increased, which has restrained the decline of terephthalic acid price

3 the price of terephthalic acid in Southeast Asia fell slightly. On December 2, the price per ton was about $775/ton, down $5 from last week

aftermarket forecast:

due to the recent slight rebound in international crude oil prices and the reduction of social inventories, it is expected that the price of terephthalic acid will be slightly adjusted at the current price next week to build a phased bottom

acetone

this week, the acetone market in East China was shrinking in trading volume, and the price was slightly adjusted at the price last week. From November 29 to December 5, the price of acetone fluctuated between 6500-6700/ton

market characteristics this week

1 due to the failure of Yanshan acetone plant, the market sentiment has warmed up under the condition that the supply of temporary parking has decreased

2 at the current price, the price of acetone is relatively low, and there is little room for price decline

3 the price of phenol stopped falling and rebounded, which also supported the price of acetone to a certain extent

in the future, it is expected that the price of acetone will be slightly adjusted at the current price next week, as the market price of acetone stops falling and stabilizes this week, and the international crude oil price rebounds sharply and the willingness of acetone producers to sell is reduced

ethylene glycol

there was no hot spot in the ethylene glycol market in East China this week, and the price continued to rise slightly last week. From November 29 to December 5, the market reference price was 7600-7800/ton, unchanged from last week

the main characteristics of the market this week

1 the decline of polyester chip prices has stabilized, supporting the trend of ethylene glycol prices to a certain extent

2 after the price of ethylene glycol stopped falling last week, confidence in market sentiment has recovered, and the market

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