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The rise of the chemical market slows down, and may fall into a high levelIn the

15 Dec.2020

In the first week of December, the domestic bulk commodity market still maintained an upward trend, but the overall upward trend slowed down. Some products were affected by demand and the off-season, and prices began to decline.

 

According to the data of 50 bulk chemicals monitored by the Institute of Chemical and Plastics Research, this week there were 26 rising varieties, 19 falling varieties and 5 flat products. The top three products that rose this week were acetic acid, sec-butyl acetate, and pure benzene, with increases of 21.74%, 13.46%, and 9.25%; the top three products with declines were propylene glycol, dimethyl carbonate, and isopropanol, with declines respectively -13.11%, -12.50%, -9.71%.

 

Acetic acid: The domestic acetic acid market price has risen, due to the high level of downstream PTA and vinyl acetate, and stable domestic demand. In addition to the long-term supply of acetic acid plants, the spot supply is extremely limited, and the overall market supply is tight for a long time. During the week, Nanjing BP’s 500,000-ton/year acetic acid plant was unexpectedly shut down. Shandong Yankuang also reduced its load to 60% due to plant failures. The supply side was further tightened. Acetic acid manufacturers’ inventory was tight, and their quotations were raised sharply. As of now, East China The price of acetic acid rose to around 4200 CNY/ton, up 750 CNY/ton from last week.

 

Sec-Butyl Acetate: This week, domestic sec-butyl acetate was supported by high raw materials, and the market price rose broadly. The domestic equipment load is average and the overall supply is limited. The mentality of the sec-butyl acetate enterprise has improved, and the offer has been continuously raised sharply within the week. The raw material acetic acid was unexpectedly shut down by Nanjing BP and the decline in Yankuang's negative supply. Supported by the further tightening of supply, the growth rate in East China was as high as 700 CNY/ton. In addition, C4 was also strong after ether, and the cost increased significantly.

 

Pure benzene: The price of pure benzene has risen this week. Due to the strong external market and optimistic demand for the second half of December, the market is actively pulling up. Participants in the pure benzene market have a positive attitude and confidence in December is restored. The current external market is strong, and the main business is expected to follow the external market. , Continue to raise the listing price, which is a positive boost to the market. Up to now, the East China market is 4500-4600 CNY/ton.

 

Propylene glycol: This week, the domestic propylene glycol market continued its downward trend from last week's high level. As the price of raw material propylene oxide fell, the decline of propylene glycol was accelerated. Since last week, the overhaul equipment has been gradually restored to full, and the supply of the venue is loose. Under the two-way supply and demand, the center of gravity of propylene glycol has moved down significantly. So far, the price in Shandong has dropped to 10,300-11,000 CNY/ton, and the East China market has dropped to 10,600-11,400 CNY/ton. This is a decrease of 13.11% from last Friday.

 

Dimethyl carbonate: The domestic market price of dimethyl carbonate declined this week. During the week, the supply side was basically operating normally, but the demand side was weak. This week, the price of propylene oxide, a raw material for the transesterification method, declined after a wide decline. With the wait-and-see sentiment, factory offers were generally lowered. So far, the domestic market price of dimethyl carbonate in Shandong has dropped to RMB 10,300-10,500/ton, down RMB 1,500/ton from last week.

 

Isopropanol: This week, the domestic isopropanol price continued its downward trend last week. At present, the acetone market sentiment is weakening. Under the lack of mental support, factories and traders continue to make profit for shipments, while the downstream inquiry atmosphere is light, and only a small amount of just needs to be purchased. . Up to now, the market price of isopropanol in East China has dropped to 9,300 CNY/ton, down 1,000 CNY/ton from last weekend.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.