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[Industry Focus]:Some chemical raw materials fell into the dilemma of "weak supply and demand", and the price continued to fall, with a maximum drop of 3500 yuan.

yesterday (15th), Wanhua Chemical issued the latest quotation, in which the prices of new pentanediol, propylene oxide, methanol, n-butanol and other chemicals all fell. The price of propylene oxide in Wanhua Chemical fell by 900 yuan/ton to 16000 yuan/ton from the beginning of last week. Methanol prices fell by 200 yuan/ton to 2700 yuan/ton from the beginning of last week. The price of n-butanol in North China fell by 500 yuan/ton to 9800 yuan/ton from the beginning of last week. The price of neopentyl glycol in North China fell by 800 yuan/ton to 18400 yuan/ton from the beginning of last week, compared with the quotation at the beginning of the month, the price of propylene oxide fell by 1000 yuan/ton and the price of acrylic acid was lowered by 2000 yuan/ton, which surprised many people. More than a dozen chemical product prices have fallen



As a leading company in the chemical industry, the price drop of Wanhua Chemical has undoubtedly played a weather vane and leading role for companies in the industry. Recently, the price of the chemical industry has fallen, and it is not uncommon for the market to fall. The prices of epoxy resin, polyester resin industry chain, butadiene, TGIC and other chemicals have all declined, and the intensity is relatively large, generally around 1000 yuan/ton. The refrigerant R134a fell by 3500 yuan/ton.

polyester resin industry chain, neopentyl glycol quoted 19000 yuan/tonne, down 500 yuan/tonne from last week. Shanghai Qihua Jihua's offer fell 500 yuan/tonne, while Shanghai Yongcai South Korea's LG offer fell 500 yuan/tonne. Neopentyl glycol upstream isobutyraldehyde quoted 13500 yuan/ton, down 3300 yuan/ton from last week, Lihuayi quoted down 2300 yuan/ton, Liaocheng Yanze quoted down 3800 yuan/ton, and Shandong Zhenkun quoted down 3800 yuan/ton. The price of the industrial chain is lower, mainly due to the general market of downstream coating enterprises, the purchasing enthusiasm is weak, it is expected that the polyester resin industry chain will still decline slightly in the short term. In the

epoxy resin industry chain, the prices of both raw materials have fallen. Epichlorohydrin was quoted at 17666 yuan/ton, down 1315 yuan/ton from the previous week, and bisphenol A was quoted at 16350 yuan/ton, down 1599 yuan/ton from the previous week. East China a petrochemical auction 15500 yuan/ton, the market offer fell sharply, the intention to offer to 16000 yuan/ton near, the actual order or still have room to talk about, which is also the recent price of epoxy resin continues to be low an important reason.

refrigerant R134a quoted 45000 yuan/ton, down 3500 yuan/ton from the previous week.

propylene glycol quoted 19800 yuan/ton, down 1825 yuan/ton from the previous week.

acrylic price 14666 yuan/ton, down 1882 yuan/ton from the previous week.

maleic anhydride quoted 13350 yuan/ton, down 1699 yuan/ton from the previous week.
of
isooctyl acrylate quoted 18075 yuan/ton, down 1625 yuan/ton from the previous week.

butadiene quoted 6981 yuan/ton, down 1519 yuan/ton from the previous week.

TGIC quoted 59 yuan/kg, down 1 yuan/kg (1000 yuan/ton) from the previous week.

MDI quoted 19800 yuan/ton, down 900 yuan/ton from the previous week.

polyethylene glycol quoted 10900 yuan/tonne, down 800 yuan/tonne from the previous week.

ethyl acetate quoted 9150 yuan/ton, down 750 yuan/ton from the previous week.

propylene quoted 7925 yuan/ton, down 575 yuan/ton from the previous week.

butyl acetate quoted 11091 yuan/ton, down 507 yuan/ton from the previous week.

butyl acrylate quoted 17800 yuan/ton, down 500 yuan/ton from the previous week.

dimethyl carbonate quoted 13000 yuan/ton, down 400 yuan/ton from the previous week.

TMP quoted 30300 yuan/ton, down 400 yuan/ton from the previous week.

MMA quoted 13300 yuan/ton, down 200 yuan/ton from the previous week.


PC plummeted 1000 in a single day.

PC fell. Yesterday morning, news came from the two major markets in East and South China:
,
15th, Dongguan Market
PC报价.jpg

Yesterday, the decline in Dongguan PC market continued to expand compared with last Friday, with PC/Luxi Chemical/LXTY1609T-11 falling by 900 yuan/ton in a single day. PC/SABIC Middle East/1000R one-day drop of 1000 yuan/ton; Recently, the demand for raw materials and downstream has shown a negative trend. The industry is pessimistic and confused. The accompanying company has a strong willingness to actively ship goods. The trading can still be negotiated according to the volume.
PC报价2.jpg
of Yuyao Market on

Yuyao PC market continued to fall under pressure yesterday, with PC/Taiwan Chimei/110 falling 600 yuan/ton in a single day. PC/Thailand Mitsubishi/2000VR fell 850 yuan/ton in a single day. At the beginning of the week, the latest price adjustment guidelines for the main factories were not clear for the time being. The pessimistic and bearish atmosphere in the market was still strong. The positive willingness of the operators to ship goods was not reduced. The inquiries in the downstream market were cold and the firm deals were scarce.

, some chemical raw materials are in a "weak supply and demand" dilemma.

. For more than a dozen chemical product prices have fallen, industry insiders said that this is a signal that the prices of the chemical industry have peaked and have begun to "decline". It also means that the chemical industry has entered a "supply and demand double weak" dilemma.

began in the middle of this year, in the cost of upward, energy consumption double control and power shortage and other factors led to supply constraints and other factors, the chemical price index continued to rise to a new high in the past decade, most chemical products prices are at historical highs or even new highs. However, since the second half of the fourth quarter, the prices of energy products represented by coal and natural gas have fallen sharply, the impact of power restrictions on the supply side has weakened, production capacity has expanded slowly and has become more and more intense, upstream cost pressure has eased with the decline in coal prices, and the price index of chemical products has risen and fallen. As of November 6, 2021, China's chemical product price index was 5768 points, down 10.1% from the year's high, and the spot price of chemical products was gradually falling.

picture

In addition, the downstream resistance to high chemical prices is gradually fermenting, demand is declining, inventory continues to accumulate, the chemical industry belongs to the seasonal destocking stage. By the recent poor sales of gasoline and diesel oil and the impact of the epidemic, resulting in limited return trucks, freight costs, superimposed on the winter weather, poor transportation and other problems, manufacturers may increase the risk of expansion, do not rule out the expectation of further price decline to the library. Under the combined effect of the simultaneous collapse of the cost side and the demand side, the end of the year may appear "supply and demand double weak" caused by the price is suppressed and the continuous sharp fall.

Source: Paint Procurement Network, Global Plastics of
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