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.

According to the Commodity Market Analysis System of Business Society, the market for chloroacetic acid was weak and downward in early March. As of March 6th, the price of chloroacetic acid was 3138 yuan/ton, a decrease of 37 yuan/ton or 1.58% compared to March 1st, which was 3175 yuan/ton.

The price of raw material acetic acid has dropped

According to the Commodity Market Analysis System of Shengyishe, as of March 6th, the price of acetic acid was 3051 yuan/ton, a decrease of 49 yuan/ton or 1.58% compared to the price of 3100 yuan/ton on March 1st.

Downstream on-demand procurement

After the holiday, downstream construction began one after another, and the purchasing atmosphere on the demand side slightly improved. However, the main focus was still on small orders for basic needs, and the market trading sentiment was average.

Future prospects

Analysts from Business Society believe that raw material enterprises have high operating rates, market supply may be mainly high, and there is a lack of favorable conditions on the market and insufficient cost support. However, downstream demand has increased, and it is expected that the overall market for chloroacetic acid will remain stagnant and consolidate in March. In the future, specific attention will be paid to downstream replenishment.

The acrylic acid market has been operating weakly recently. According to the Commodity Market Analysis System of Business Society, as of March 5th, the average quoted price of acrylic acid in East China was 6175.00 yuan/ton, a decrease of 1.00% compared to last Wednesday (February 18th).

Factors affecting the price of acrylic acid:

Cost side: According to the commodity market analysis system of Shengyishe, on March 4th, the reference price for propylene was 6863.25, a decrease of 0.11% compared to March 1st (6870.75). Recently, the raw material propylene market has experienced narrow fluctuations and consolidation, with moderate support for the acrylic acid market.

Supply and demand side: In recent times, the demand side has been dragging the market, with the terminal market mainly being wait-and-see. Downstream new orders have limited transactions, and the purchasing attitude towards the acrylic acid market is cautious. Enterprises are not smooth in shipping, and some discounts are used to promote transactions. The focus of negotiations in the acrylic acid market has decreased.

The acrylic acid analyst from Business Society believes that the short-term cost support is limited, downstream manufacturers have poor purchasing sentiment, and multi-dimensional small orders in demand are being followed up. The market atmosphere is light, and it is expected that the acrylic acid market will continue to operate weakly in the short term. More attention should be paid to market news guidance.

Last week (2.26-3.4), the market trend of butyl acrylate was downward, with prices decreasing. Due to insufficient follow-up of downstream demand, procurement was not active, and on-demand procurement was the main focus. Inquiry and wait-and-see were observed, with limited trading volume and insufficient intention to hold the goods, which lowered the purchase price. The market for butyl acrylate lacks driving force and its trend is viewed as weak. As of March 4th, the benchmark price of butyl acrylate in Shengyishe was 9530.00 yuan/ton, a decrease of -1.95% compared to last Monday (9720.00 yuan/ton).

At present, the spot price trend of butyl acrylate is weak, with a slight decrease in price. Market transactions are poor and sentiment is poor. Downstream wait-and-see sentiment is heavy, and there is insufficient willingness to hold the goods. The market lacks driving force, resulting in a narrow decline in the market trend.

In terms of demand, downstream demand is lukewarm, procurement is not active, and the trend of butyl acrylate accumulation is increasing. Inventory is steadily increasing, and it is difficult to ease in the short term. From the trend, short-term sales with inventory are expected. The downstream tape and lotion factories basically recovered to the normal production level, but due to the slow recovery of terminal demand, the downstream mainly consumes inventory, and is willing to replenish the raw materials as soon as they are purchased. The price of adhesive tape master rolls has remained stable, and the cost side’s guidance on adhesive tape master rolls has weakened. Affected the purchasing mentality of downstream users in the market, the demand for tape master roll production enterprises has weakened, and the market is mainly dominated by individual transactions.

In terms of supply, the raw material n-butanol fluctuated downwards, reducing cost pressure. The utilization rate of butyl acrylate production capacity has slightly improved, with an increase in spot supply. Factories and holders follow the market’s trend in shipping, and downstream users mainly consume early inventory. Purchasing is cautious and cautious, leading to a decline in market negotiations. There is not much change in the short-term fundamentals, and raw materials may stop falling and stabilize. The cost inventory is supported by bottoming out, and downstream or small order replenishment expectations are expected. The main focus is on the operation of butyl acrylate or interval, and attention should be paid to changes in enterprise equipment load and raw material market.

Market forecast: The supply and demand pattern is relatively loose, and the domestic butyl acrylate market is still under pressure for short-term shipments. There is still a possibility of a decline in butyl acrylate, and the industry is facing loss pressure, but the overall decline is limited.

According to the Commodity Market Analysis System of Shengyishe, the domestic BDO market showed a warm and fluctuating trend in February. From February 1st to 29th, the average price of domestic BDO increased from 9421 yuan/ton to 9428 yuan/ton, with a price increase of 0.08% during the cycle and a maximum amplitude of 0.23%. The price decreased by 32.65% year-on-year.

At the beginning of the month, as the Spring Festival holiday approaches, there are no significant fluctuations in the equipment, and the supplier’s intention to maintain prices continues. However, most downstream industries have experienced a decline in production, resulting in a decrease in BDO consumption of raw materials, delivery of contract orders, and limited availability of spot goods for negotiation.

In the first week of returning from the Spring Festival holiday, although some regions have delayed transportation and high online bidding, there is inventory waiting to be digested in both upstream and downstream, and the market lacks obvious positive support. Spot trading is light, and the focus is weak and stagnant.

As the end of the month approaches, some production enterprises have slightly increased their bidding prices, boosting the market atmosphere. Traders and downstream players are not very enthusiastic, and many of them are in urgent need of purchasing. The focus of the domestic BDO market is stagnant.

Supply side: According to the current known maintenance plan, BDO will start operating at around 60% load in March.

On the cost side, raw materials for calcium carbide: After the holiday, with the rainy and snowy weather in most northern regions, logistics continued to be hindered, leading to a significant increase in enterprise inventory. Many enterprises reduced their operating rates to alleviate the pressure of losses, while downstream enterprises encountered a situation of insufficient replenishment. Transportation gradually eased after the holiday, and factory inventory decreased significantly. Terminals gradually arrived, and market transactions heated up. However, overall market prices are still not optimistic. In terms of methanol, the domestic methanol market saw a high consolidation in February, with a monthly increase of 6.18%. Recently, the calcium carbide market has been operating at a low level, while the methanol market has been mainly consolidating at a high level. The cost of BDO is mixed.

On the demand side, March will enter the traditional peak season stage, and the main downstream PTMEG will continue to operate at high loads. With the restart of the downstream spandex reduction device after the holiday, demand gradually rebounds. Coupled with cost pressure, PTMEG manufacturers have a strong attitude towards stabilizing prices. The second largest downstream PBT has returned after the holiday, and with the support of cost side PTA, the market has rebounded, and supply has not fully returned to normal levels. Driven by the resumption of downstream work and strong costs, demand for another major downstream PBAT is slowly increasing. The demand for raw materials in the GBL, PU, and TPU sectors is expected to increase after the resumption of downstream operations at the terminal.

In terms of price, according to statistics, the prices of BDO downstream have increased to varying degrees after the holiday.

In the future market forecast, overall, under the maintenance plan of multiple manufacturers, BDO’s supply has significantly decreased, while demand has gradually rebounded to pre holiday normal levels downstream of the terminal, and the market demand is expected to warm up in the later period. BDO analysts from Business Society predict that the domestic BDO market is expected to break through.