MTBE market prices fell this week (Oct. 8-Oct. 12)

Price Trend

Business Club: MTBE market prices fell this week (Oct. 8-Oct. 12)

According to data from business associations, MTBE’s price this weekend was 5567 yuan/ton, down 4.57% from the previous week’s price.

II. Market Analysis

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Products: Domestic gasoline prices fell this week, and after National Day, gasoline market bearish sentiment is strong, demand weakened, market turnover is light, alkylated oil, MTBE prices fell as a whole.

Industry Chain: This week, oil prices in the international crude oil market are generally weak. A new round of price adjustment of finished products is expected to be reduced by about 200 yuan/ton. The gasoline market is depressed, the replenishment operation is not active, and the market price is slightly down by 0.98%.

MTBE market: International oil prices are in a downward trend this week, market bearish sentiment has been increasing, and the gasoline market around the National Day did not appear a large number of replenishment operations, middleman raw material procurement just needs to perform relatively low, MTBE manufacturers shipment difficult. Alkylated oil prices were relatively strong in the early days of the National Day, but returned to the market after the festival, crude oil did not improve, downstream demand wait-and-see mood increased, and the price of alkylated oil showed a small yield.

3. Future Market Forecast

Analysts of MTBE products of Business Society Energy Branch believe that the international crude oil market is still not optimistic next week. It is likely that the international crude oil market will be vulnerable to shocks, and the gasoline market is not well supported in substance. It is expected that MTBE market prices will continue to decline.

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China’s domestic hydrofluoric acid market prices continued to fall (10.7-10.12)

According to statistics, domestic hydrofluoric acid prices continued to decline this week, ending the weekend at 9 780 yuan/ton, down 2.69% from 10 050 yuan/ton at the beginning of the week and 24.58% from the same period last year.

Products: Hydrofluoric acid prices continued to decline this week, the recent market situation is poor, the downstream refrigerant industry start-up rate remains low, the domestic market demand for hydrofluoric acid is limited, coupled with the domestic hydrofluoric acid plant to maintain a high start-up rate, domestic spot supply is sufficient, some manufacturers continue to reduce factory prices, until the weekend, hydrofluoric acid in the southern region to discuss the mainstream. For 9000-9500 yuan/ton, the price of hydrofluoric acid in the northern market is 9000-10000 yuan/ton. Recently, the domestic market price of hydrofluoric acid has fallen, the demand of the downstream refrigerant industry is poor, the supply of hydrofluoric acid manufacturers is not good, and the market price trend is declining. By the end of the weekend, the mainstream of domestic negotiations on hydrofluoric acid in Fujian was around 9000-9500 yuan/ton, the price of hydrofluoric acid in Shandong was between 9000-10000 yuan/ton, the price of hydrofluoric acid in Jiangxi was between 9000-9500 yuan/ton, the price of hydrofluoric acid in Inner Mongolia was between 9000-10000 yuan/ton, and the price trend of hydrofluoric acid market continued to decline.

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Industry chain: This week, the price of fluorite in the upstream of hydrofluoric acid remained low. The factory price of fluorite was 2866.67 yuan/ton by the end of the week. Domestic fluorite supply was normal, but the price of fluorite was weak. Low upstream cost price had a negative impact on the hydrofluoric acid market. Recent downstream refrigerant market trading market is general, domestic refrigerant R22 market shocks down, from the market supply point of view, refrigerant R22 market continues to be weak, manufacturers reduce start-up load, market supply capacity is normal, inventory pressure still exists. On the demand side, the downstream air conditioning manufacturers’overhaul, the demand has only decreased but not increased, and the price of domestic large enterprises is 12,000-14,000 yuan per ton. The domestic market price trend of R134a maintained a low level, the plant start-up rate of production enterprises maintained a low level, the market demand for refrigerants decreased, and manufacturers mainly exported their products. However, on-site transaction prices continue to decline, merchants purchase on demand, the end of the peak season, downstream terminal demand only declined, hydrofluoric acid market prices declined. However, on-site transaction prices are lower, merchants purchase on demand. Recently, due to the normal supply of goods and poor downstream demand, the price trend of hydrofluoric acid market continues to decline. Aluminum fluoride prices of downstream products have been declining recently, with a drop of 1.62% over the weekend of 10,000 yuan/ton. Recently, the market price of hydrofluoric acid has been declining due to the poor market.

Industry: This week, the spot supply of raw materials fluorite and hydrofluoric acid in the upstream market is normal, and the trading market of refrigerant industry in the downstream market is poor, and the market price of hydrofluoric acid is declining.

Recent domestic refrigerant plant start-up rate has maintained a low level, the market demand for hydrofluoric acid has decreased, the spot supply of hydrofluoric acid is normal, and the raw material market price has always been at a low level, but hydrofluoric acid manufacturers reflect a serious loss, business community hydrofluoric acid analyst Chen Ling believes that the market price of hydrofluoric acid will maintain a low level next week, the price will maintain 9750 yuan/ton left. Right.

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Sulphur prices are moving smoothly this week (9.23-9.27)

Price data

 

According to the data of business associations, the price of sulphur market in East China maintained a steady trend this week. The average price of granular sulphur was 580.00 yuan per ton during the week, which was stable compared with last weekend and 55.42% lower than that of last year. On September 29, the sulphur commodity index was 31.82, which was the same as yesterday, hitting a new low in the cycle, down 69.36% from the peak of 103.84 on November 02, 2011. (Note: Period refers to 2011-09-01 to date)

II. Market Analysis

Products: The domestic sulphur market is running steadily this week, and refineries in East China continue to decline in the week according to their own shipments. As of 27 days, the mainstream price of sulfur in Sinopec Sinopec area was about 580 yuan / ton, the mainstream price of liquid sulfur was 490-570 yuan / ton, the mainstream sulfur price in North China was 480-530 yuan / ton, the mainstream price of liquid sulfur was 450-490 yuan / ton, the price of solid liquid sulfur was stable, the mainstream price of solid sulfur in East China was 600-670 yuan / ton, and the mainstream price of liquid sulfur was 520-620 yuan / ton. That’s 20-50 yuan/ton lower than last week’s price.

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Industry chain: the Shandong market in the downstream sulphuric acid market is temporarily stable this week, and the price is 216.67 yuan / ton within the week, down 56.88% compared with the same period last year. This week, the main manufacturers of sulfuric acid in the region are temporarily stable, with less factory stocks and less downstream demand. The downstream acid market has weak positive support, and it is expected that the market price will still fall.

Industry: At present, the domestic sulphur market demand is quiet, terminal purchasing on demand, strong market wait-and-see atmosphere, cold negotiation atmosphere, pre-festival refineries in all regions to maintain low inventory operation.

3. Future Market Forecast

Sulfur analysts at the business think that at present, there is no guidance on the sulphur market, and the enthusiasm of the traders is weak. The operators are cautious and wait and see.

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China’s domestic price trend of p-xylene was temporarily stable on September 29

On September 29, the PX commodity index was 52.80, unchanged from yesterday, down 48.44% from the peak of 102.40 points in the cycle (2013-02-28), and up 15.92% from the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

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According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 29th. Hongrun 600,000 tons new plant was running steadily, Pengzhou Petrochemical Plant was running steadily, Urumqi Petrochemical Plant was started 50%, Fuhaichuang Aromatic Hydrocarbon Plant was starting a line, CNOOC Huizhou Refinery and Chemical Plant was overhauled, Hengli Petrochemical PX Plant was put into operation, and other units were running steadily. Temporarily stable operation, due to the normal domestic market supply of p-xylene, the market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is about 80%. The closing price of p-xylene market in Asia is stable on September 27. The closing price is US$779-781/ton FOB in Korea and US$798-800/ton CFR in China. More than 50% of the domestic units need to be imported. The fluctuation of foreign prices has a negative impact on the domestic market price of p-xylene. Domestic market price trend is temporarily stable.

On September 27, the price of WTI crude oil futures fell to $55.91 per barrel, or $0.50. Brent crude oil futures fell to $61.91 per barrel, or $0.83. Last month, the world’s third largest crude oil importer shipped about 1.32 million barrels of Iraqi oil a day, about one third more than in July, or about one third more than in August 2018. The price of crude oil declined, which had a negative impact on downstream petrochemical products and kept the price of xylene at a low level. Recent textile industry volatility, PTA market start-up rate maintained high, PTA price trend shocks, the average price of East China in the vicinity of 5100-5200 yuan/ton, up to 29 domestic PTA start-up rate of about 90%, polyester industry start-up rate of about 89%, due to the PTA market supply is sufficient, trading atmosphere is general, to buy by traders. Mainly, sporadic polyester factories follow-up, affected by crude oil price shocks downstream PTA market prices remain low, it is expected that the PX market price will maintain 6600 yuan/ton in the short term.

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PA66 price continued to be weak (9.20-9.27)

Price Trend

According to the data of the business associations’list, the domestic PA66 market continued to be weak in late September and the price weakened. As of September 27, the average offer price of PA66 medium viscosity injection molding grade mainstream was about 23250.00 yuan / ton, basically maintaining the level of last weekend.

Analysis of influencing factors:

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The market of adipic acid in upstream PA66 has been adjusted mainly after a slight recovery in recent years. The adipic acid market has entered a stage bottom. The bottom-finding process has basically come to an end, and the market has stabilized, but the increase is very limited. And the market climate is still slightly rigid, distributors are mainly active in delivering goods, the market has some room for concessions, and there is still no centralized purchasing behavior. The main reason why adipic acid prices stopped falling and recovered steadily was that the cost side boosted the price of upstream pure benzene, which had risen by more than 15% since mid-August, according to business associations. On the supply side, the market supply is still abundant, and many distributors say that the inventory pressure is high, the plant start-up rate is high, and the market inventory and manufacturer inventory have increased. In terms of demand, downstream demand is relatively weak. The traditional “Golden Nine” market has not arrived as scheduled this year. The downstream start-up rate is still slightly insufficient. The downstream general depression is the main reason why adipic acid is difficult to get rid of the weak market. Adipic acid market may continue to maintain a narrow adjustment pattern in the short term. Spot supply in domestic PA66 market is abundant in late September. Recent news points to the expectation of further increase in supply, which is not conducive to easing the contradiction between supply and demand. Downstream factories just need to take delivery, demand has not improved and continued to weaken. The market buys gas insufficiently, the trader wait-and-see mentality is heavy. Businessmen have reduced their public quotations and made it difficult to deal with them in detail. The overall market trend is weak, and domestic PA66 is still weak and persistent in late September.

Future forecast:

Business analysts believe that: late September domestic PA66 market weakness adjustment. Upstream adipic acid transverse plate adjustment has limited cost support for PA66. At present, the supply is abundant, and the contradiction between supply and demand is still the main contradiction in the domestic PA66 market. The enthusiasm of downstream reserve is not high, and the strategy of just taking goods is adopted. The market is short of gas, the traders are passive and wait-and-see, and the open quotation of the merchants is reduced. It is expected that PA66 will continue its disadvantaged consolidation in the near future.

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This week’s Ethylene Glycol Price Oscillation (9.16-9.20)

Price Trend

 

According to data from business associations, the average listing price of oil-based ethylene glycol in North China on September 6 was 5100 yuan/ton, up 2.68% from last week.

This week, the spot price of ethylene glycol in East China fluctuated between 5145 yuan and 5195 yuan/ton, which was more obvious than last week’s price rise.

II. Analysis of Influencing Factors

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The start-up rate of ethylene ethylene glycol plant in China is about 71.5%, coal ethylene glycol plant is about 55.46%, and the ring ratio is rising.

The inventory of ethylene glycol ports in East China is about 646,800 tons, which has fallen and the depot is obvious.

The start-up load of the polyester plant is about 89.82%, with a slight decrease in the ring ratio. The production and marketing of polyester is about 28%, and the production and marketing are low.

Affected by the Saudi Arabian incident, the market price of East China rose sharply at the beginning of this week, but with the recovery of Saudi oil production capacity, the spot market price of Eastern China Ethylene Glycol was markedly rebounded.

3. Future Market Forecast

Ethylene glycol analysts at the business association believe that the price of ethylene glycol fluctuated considerably this week, but fell less than the increase, and the overall price is still higher than last week. Inventories in the main port have declined, while the plant has been operating steadily, and the downstream production and marketing rate is low. It is expected that ethylene glycol will enter a turbulent pattern in the near future.

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Narrow Range Fluctuation of Polymerized MDI Market (9.16-9.20)

Price Trend

The domestic aggregate MDI market fluctuates narrowly. According to the sample data monitored by business associations, the average market price of aggregate MDI is 12800 yuan/ton at the beginning of this week, 12725 yuan/ton at the weekend, 0.59% in the week, 2.68% in the same period of last month and 17.90% in the same period of last year.

II. Market Analysis

Product: This week, the market of MDI converged in three twists and turns, first falling, then rising, and finally stabilized. At the beginning of the week, the guideline price of Shanghai Cosco’s founding factory was not clearly announced, but the market was informed that the guideline price had dropped significantly. On-site negative atmosphere spread, the market low turnover increment. With the continuous fermentation and spread of crude oil incidents, the mentality of the operators has been greatly affected. The downstream terminal customers actively enter the market to collect goods, and the holders actively maintain the shipment status based on the accumulated inventory. Later, with the unexpected greening of crude oil, the active atmosphere of the market was instantly extinguished, and the purchasing volume of the downstream for a period of time was also completed. The positive atmosphere of the market transaction was reduced. However, in view of the previous large volume of shipments, the stockholder relieved the inventory pressure and reluctantly sold. September should be in the peak season of traditional northern thermal insulation enterprises, but this year’s “Golden Nine” has not been quiet due to the impact of previous environmental inspections and Sino-US trade wars.

On the market side, as of Friday (9.20), the North China Polymerized MDI market was deadlocked, the overall atmosphere in the field was low, the turnover was short, and the vendors’offer was stable and low-priced. At present, the quotation of Shanghai bucket carrying ticket is 11600-11700 yuan/ton, and that of PM200 bucket carrying ticket is 12500-12600 yuan/ton. East China Polymerization MDI market is weak and deadlocked, the atmosphere on the floor remains light, the transaction is not smooth, the traders offer more stable and low prices. At present, the quotation of Shanghai bucket carrying ticket is 11600-11700 yuan/ton, and that of PM200 bucket carrying ticket is 12500-12800 yuan/ton. South China Polymerization MDI market is weak, the atmosphere is light, business is not smooth, business offer is stable, low price is the main price. At present, the quotation of barreled goods with tickets in Shanghai refers to 11600-11700 yuan/ton, and the quotation of PM200 barreled goods with tickets in Shanghai refers to 12600-12800 yuan/ton.

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Industry chain: raw materials, pure benzene: This week, the price of pure benzene rose. Saudi oil field was attacked, crude oil surged early in the week, driving FOB Korea pure benzene to rise more than $50 per ton, and East China pure benzene offer also exceeded 6000 yuan per ton. Sinopec’s listing rose to 5900 yuan/ton in time. However, as the industry expects Saudi crude oil facilities to recover soon, this round of increase is only due to short-term psychological support, difficult to sustain, and the downstream has established stockpiles of raw materials, so there is no willingness to pursue this round of rise downstream factories, trading only occurred in the hands of traders. With Saudi Arabia’s announcement that crude oil will return to its pre-attack production level by the end of September and that Saudi oil exports will not decrease in September, supply risk concerns have eased and international oil prices have plunged. After losing the good support of crude oil, the market mentality changed, and the internal and external markets subsequently fell.

Graph.100ppi.com (500 x 300)

Aniline: Within a week, the domestic aniline market rose sharply, with an increase of 800-820 yuan/ton. In terms of raw materials, due to the Saudi Arabian incident, crude oil soared after the festival, once driving the price of pure benzene to more than 6,000 yuan/ton, and Sinopec raised it to 5,900 yuan/ton. However, with the rebound of crude oil, the price of pure benzene rationally returned to the vicinity of 5900 yuan/ton. On-site pure benzene spot is tight, the market is still strong. This week, the average tender price of pure benzene in Jinling, Shandong Province, rose 148 yuan from last week, and aniline cost support is strong. At the same time, Tianji 9.15 accidental parking, a small amount of goods only for core customers, resulting in a large number of downstream users such as Henan to find goods in Shandong, Shandong enterprises aniline plan, low inventory, rising prices, and began to limit delivery. In the East China market, Yangnong plant only maintains normal operation and has no product output for the time being. In addition to the main supplier contract customers, Nanhua’s main spare shipments release a small amount of goods on the market. The sales pressure of East China enterprises is low, and the price keeps rising in North China.

3. Future Market Forecast

It is expected that near the end of the month, in addition to the small amount of goods on hand, agents are reluctant to sell, and market prices are strong. Despite the limited downstream picking efforts, the trend of price decline is not obvious under the support of cost. Analysts of business associations aggregate MDI expect that next week domestic aggregate MDI market price range shocks dominate. Pay close attention to the price guidelines and supply policies of Shanghai factories.

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Tin spot market fell 2.87% this week (9.16-9.20)

Price Trend

 

This week (9.16-9.20) the domestic 1# tin ingot Market slightly declined, with the average domestic market price at 141262.50 yuan/ton at the beginning of the week and 13722.50 yuan/ton at the end of the week, falling by 2.87%.

 

On September 20, the tin commodity index was 69.89, down 0.2 points from yesterday, down 30.28% from the cycle peak of 100.25 points (2011-09-05), and up 63.07% from the December 09, 2015 low of 42.86 points. (Note: Period refers to 2011-09-01 to date).

 

II. Market Trend Analysis

Futures market: This week Lunxi concussion downward, early in the week Lunxi by the impact of domestic Shanghai Tin night trading rose to a weekly high of $17145/ton, and then as crude oil prices fell all the way down concussion, as of Friday 18:30, Lunxi’s latest price was $16560/ton, a weekly decline of $190/ton, a decline of 1.13%, trading volume of 1495 hands, holding. The warehouse volume is 18,000 hands, reducing by 1,002 hands. This week’s Shanghai Tin Stock Exchange maintained a general trend of shock consolidation after its low jump at the beginning of the week. At the beginning of the week, Shanghai Tin fell rapidly to its weekly low of 135350 yuan/ton, and then recovered to its weekly high of 139250 yuan/ton. On Friday, the Shanghai Tin futures market opened low and rose again at the end. It closed at 136890 yuan/ton on Friday, falling by 4760 yuan/ton, or 3.36 percent, with a turnover of 182,000 hands, a position of 38,000 hands and a decrease of 1936 hands.

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Domestic market: Spot market was dragged down by futures market this week, falling to 13600-138000 yuan/ton as of Friday. Downstream purchasing intention warmed up and the market atmosphere was more active. As for lifting and discounting, as of Friday, for the Shanghai Tin 2001 contract, the lifting price of packed Panyun Tin is 600-800 yuan/ton, the lifting price of ordinary Yunzi is 100 yuan/ton, and that of small brand is 100-300 yuan/ton.

Industry Event: WBMS: The global tin supply gap is 4,800 tons from January to July 2019: London, September 18, 2010. According to data released Wednesday by the World Bureau of Metal Statistics (WBMS), the global tin supply gap is 4,800 tons from January to July 2019. Total reported inventories were 6,500 tons higher than at the end of 2018, but this included 6,000 tons of unexplained increases in Indonesian inventories. Global refined tin production increased by 3,000 tons from January to July 2019 compared with the same period last year. Asia’s output increased by 2,500 tons year on year. Apparent demand in China increased by 8% year on year. The global demand for tin from January to July 2019 was 219.7 million tons, an increase of 1.4% over the same period last year. Japan’s consumption was 16.5 million tons, down 3.1% from the same period last year. In July 2019, the output of refined tin was 33,000 tons and the consumption was 35,500 tons.

Non-ferrous industries: This week, the US dollar index shook in the high range of 98.2-98.6, the British break-off event further fermented the pound plunge, the Federal Reserve expected to cut interest rates by 25 basis points, a partial hawk, the US dollar high was stable, triggering market fears about the weakening of the global economy; Saudi Arabia said after the attack that it would soon resume production, crude oil rushed back to high. As a result, basic metals fell, with Shanghai Tin Week falling by 3.36%.

3. Prospects for the Future Market

Next week is the last trading week before the National Day holiday, and there are long orders for delivery in the first half of the week. With the coming week, the pre-holiday hedging mood will gradually increase. Whether spot or futures, hedging and bagging will be the main safety. The market will be characterized by rising first and then falling. The domestic spot tin price as a whole will be next week. Or slightly lower.

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Calcium carbide prices in Northwest China rose slightly this week (9.16-9.20)

Price Trend

According to the price monitoring of business associations, the price of calcium carbide manufactured in Northwest China rose slightly this week. This week, the average price quoted by mainstream carbide producers rose from 2850.00 yuan/ton at the beginning of the week to 2950.00 yuan/ton at the end of the week, an increase of 3.51%, down 3.73% from the same period last year. Overall, the market of calcium carbide rose slightly this week, with the carbide commodity index of 77.29 on September 20.

II. Trend Analysis

(1) Products:

This week, the price of calcium carbide in Northwest China rose slightly: Ovidiang’s offer for the weekend was 2900 yuan/ton, up 50 yuan/ton compared with the beginning of the week; Shaanxi coal industry’s offer for the weekend was 2750 yuan/ton, which was temporarily stable compared with the beginning of the week; Inner Mongolia and China Federation’s offer for calcium carbide this week was 3000 yuan/ton, up 100 yuan/ton compared with the beginning of the week. The price of Ningxia Xingping Calcium Carbide is 2950 yuan/ton this week, which is 150 yuan/ton higher than that at the beginning of the week.

This weekend, the actual transaction price of calcium carbide in Northwest China is about 2700-3000 yuan/ton: the mainstream transaction price of calcium carbide in Shaanxi is about 2700-2900 yuan/ton; the mainstream transaction price of calcium carbide in Ningxia is about 2900 yuan/ton; the mainstream transaction price of calcium carbide in Inner Mongolia is about 3000 yuan/ton, and the actual transaction price is mainly negotiated.

(2) Industrial chain:

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Upstream raw material market: This week’s coke ex-factory quotation was temporarily stable, at 1716.67 yuan/ton, down 30.57% from the same period last year. Compared with last year, the price of raw materials in the upstream has fallen considerably and the cost support is insufficient, which has a negative impact on the price of calcium carbide.

Downstream market: PVC ex-factory prices rose this week. The price of PVC rose from 6685.00 yuan/ton at the beginning of the week to 6795.00 yuan/ton at the end of the week, up 110 yuan/ton, up 1.65%, down 0.59% from the same period last year. Downstream PVC market rose, downstream customers increased their enthusiasm for calcium carbide procurement. Overall, it seems that this week’s rise in PVC market has a positive impact on calcium carbide prices.

3. Future Market Forecast

After the adjustment in August, the capital reflux of each factory is in good condition, the equipment has been repaired and the production capacity has increased. Compared with last year, the price of raw materials in the upstream is low and consolidated. Compared with last year, the price has fallen considerably, the cost support is not enough, and the positive impact on the price of calcium carbide is limited. However, the price of PVC in the downstream has risen considerably, basically keeping the level with last year’s price, and the enthusiasm of customers in the downstream for the purchase of calcium carbide has increased. Later market forecast that the price of calcium carbide in the northwest region will rise concussively in late September, and the ex-factory price may be maintained at around 3000 yuan/ton.

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Low prices are hard to find. The market price of epichlorohydrin rose this week (9.16-9.20)

I. The price trend of epichlorohydrin:

 

Epichlorohydrin market prices have risen this week, according to business associations’big list data. As of September 20, the average price of epichlorohydrin was 14333.33 yuan/ton, up 10.26% from the beginning of the week and 14.97% from August 20.

II. Market analysis:

Products: Epichlorohydrin market prices rose this week. At the beginning of the week, the mainstream price of epichlorohydrin was around 13000-14000 yuan/ton. The manufacturer had no pressure on delivery. The mentality of bidding was obvious. It was difficult to find low-price sources. The downstream purchase was operated cautiously and the follow-up of delivery was slow. In the middle of the week, the mainstream quotation of epichlorohydrin rose to about 14500 yuan/ton, the high offer of the holder, the rising mood remained unchanged, the downstream follow-up raw materials, and epichlorohydrin just needed to be purchased. On Friday, the mainstream quotation of epichlorohydrin rose to about 1450-15000 yuan/ton, and there was a strong atmosphere of wait-and-see.

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Industry chain: This week, the market price of propylene in Shandong upstream rose sharply and then slowly fell, with a weekly increase of 0.69%. The prices of propylene enterprises in Shandong rose by about 300/ton on the 16th and 17th, and remained flat on the 18th. The prices of propylene enterprises slightly declined on the 19th and 20th. At present, the market turnover is around 7850-8150 yuan/ton, and the mainstream price is 7850 yuan/ton. Up to the 20th, the downstream epoxy resin, supported by the cost side, the focus of discussion is high and firm.

Industry: According to the price monitoring of business associations, in the 37 th week of 2019 (9.16-9.20), there were 41 kinds of commodities rising annually in the chemical sector, 11 of which increased by more than 5%, accounting for 13.1% of the monitored commodities in the sector; the first three commodities were hydrochloric acid (157.14%), caustic soda (18.47%) and acetone (13.86%). There are 17 kinds of commodities with a decline of more than 5%, accounting for 1.2% of the monitored commodities in this sector. The products with the first three declines are dichloromethane (-5.19%), trichloromethane (-4.17%) and sulfuric acid (-2.98%). This week’s average rise and fall was 3.64%.

3. Future market forecast:

Analysts of business association epichlorohydrin think that the upstream propylene market is slightly rising, which has little impact on epichlorohydrin. With the end of partial replenishment stocks in downstream factories and the return to on-demand purchasing, the market quotation of epichlorohydrin has risen, but the high-end transaction is also slightly difficult. There is a strong wait-and-see atmosphere in the field. The space for further increase of epichlorohydrin in the later period is restricted by the weak downstream buying atmosphere. However, it does not rule out the possibility that factories will continue to rally. It is expected that the epichlorohydrin market will remain rigid in the short term.

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