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[Industry Focus]：PMMA and PC fell significantly; Ethylene glycol cost collapsed and entered the downstream channel!

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According to statistics, of the 64 chemical products monitored this week, only 10 chemical raw materials rose, while 45 products fell, accounting for 70.31%. Among them, 12 products such as DMC, epoxy resin, propylene glycol, polymeric MDI, butadiene, bisphenol A, acrylic acid, DMF, MMA, triethanolamine, butyl acrylate, epichlorohydrin, etc. fell by 1000 yuan/ton.

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PMMA: Wide Decline

During the week of

, the raw material MMA market continued to decline widely, with insufficient cost support. In addition, the downstream buying and follow-up enthusiasm was not high, and the negative factors were the main factors. The ex-factory prices of some factories were lowered, the delivery of goods holders was not good, and the delivery was low. However, the market trading atmosphere was weak and the transaction was insufficient. The short-term market still needs to be determined according to the market demand dynamics. It is expected that the short-term domestic PMMA particle market is weak and volatile. The domestic particles in the East China market refer to 16500-17300 yuan/ton, and the imported particle price in the East China market is 16200-18000 yuan/ton. Later, further attention will be paid to raw materials and transactions.

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Ethylene Glycol: The cost collapses and enters the downlink channel.

recently crude oil and coal prices correction, cost support weakened, ethylene glycol into the downward channel, from the highest 7400 yuan/ton fell to the current 5500 yuan/ton.

market outlook, ethylene glycol supply increased slowly, downstream polyester starts slightly increased, in the import volume has not increased significantly, port inventory remains low, supply and demand to maintain a tight balance. However, crude oil and coal prices fell, ethylene glycol costs moved down, support weakened, ethylene glycol into the downward channel. Ethylene glycol enterprises as a whole are in a state of loss, deep fall willingness is not strong, don't blindly chase after the fall.

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Pcs decline significantly

the of

was affected by the recent decline in the bisphenol A market. This week, the domestic PC mentality was weak and the price fell significantly. During the week, the prices of some factories were lowered one after another, with a decline range of 800-1300 yuan/ton. The market mentality around the country was sluggish, and the offer continued to decline sharply, with light trading. Although Zhejiang Petrochemical bid for a price increase on Tuesday, the overall market atmosphere did not stop. Factory and market prices still fell sharply in early trading on Thursday, but the bisphenol A market stopped falling and rebounded. PC watched cautiously in the afternoon, and the trading atmosphere has not improved significantly. At present, the PC market mentality is cautiously concerned about the cost side of the process trend, the market supply and demand atmosphere positive optimism is limited, it is expected that the near-term market high and low-end atmosphere or temporary adjustment is not the same, adjustment space moderate wait-and-see.

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