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[Industry Focus]：Rising prices of a variety of chemical raw materials, economic and environmental impact or unsustainable

Read： 310 Time：15months ago Source：烯烃及高端下游

According to incomplete statistics, from the beginning of August to August 16, the domestic chemical raw material industry prices rose more than the decline, the overall market has recovered, but compared with the same period in 2022, is still at the bottom position. At present, the recovery of all walks of life in China is not ideal, and it is still a downturn. In the absence of an improvement in the economic environment, the recovery of raw material prices is a short-term behavior, and it is difficult to sustain price increases.

According to market changes, more than 70 kinds of material price increases have been compiled, as follows:

epoxy: affected by the market, the current liquid epoxy resin downstream customers in South China are more cautious, lack of confidence in the market. The liquid epoxy resin market in East China is stiff and high. Judging from the market situation, the downstream does not pay the bill. On the contrary, there is resistance. The enthusiasm of downstream users for stock is very low.

Bisphenol A: compared with previous years, the current domestic bisphenol A market price is still at a low level, and there is still a lot of room for increase. Compared with 12000 yuan/ton in the same period last year, it has dropped by nearly 20%.

titanium dioxide: august is still the terminal off-season. Many downstream companies replenished their rigid demand inventory last month. The current willingness to purchase in bulk has weakened, resulting in low market transaction volume. On the supply side, mainstream manufacturers still carry out maintenance work to reduce production or adjust inventory in the off-season, so the output on the supply side is relatively low. Recently, the price of titanium dioxide raw materials showed a strong trend of shock, which also supported the upward price of titanium dioxide. Considering all factors in the market, the current titanium dioxide market is in a stable stage after rising.

Epichlorohydrin: most of the production enterprises to maintain the stability of the new single offer, some areas of the sale of the shipment is not smooth, the new single offer can be negotiated, while the downstream enterprises in the follow-up cautious attitude, many operators concerned about the changes in the field of equipment start-up.

Propylene: the mainstream propylene price in Shandong is maintained between 6800-6800 yuan/ton. Supply is expected to fall, so manufacturers have lowered their offer prices and the market's focus continues to move up. However, the demand for downstream polypropylene is still relatively weak, which puts a certain pressure on the market. The purchasing enthusiasm of the factory is low. Although the price is at a high level, the acceptance is still general, so the increase in the propylene market has been restricted.

Phthalic anhydride: the price of raw material o-benzene continues to run at a high level, the industrial naphthalene market is operating steadily, and the cost side still has some support, and due to the relatively low price, the downstream replenishment action gradually increases, thus releasing some trading volume, making the factory in stock supply more tight.

Dichloromethane: overall prices remained largely stable, although individual prices rose slightly, but by a smaller margin. However, as market sentiment is bearish, the overall atmosphere remains bearish despite the constant positive signals to stimulate the market. The current sales pressure in Shandong is relatively high, and the inventory backlog of enterprises is relatively fast. It is expected that there may be some pressure in the first half of next week. In Guangzhou and surrounding areas, inventories are relatively low, so price adjustments may lag slightly behind Shandong.

n-Butanol: following the continuous rise of butanol, due to the maintenance of the device is still expected to exist, the downstream in the price correction still shows a positive purchasing attitude, so in the short term, butanol is expected to maintain a strong operation.

Acrylic acid and butyl ester: stimulated by the continuous rise in the price of raw material butanol and the in stock supply of most ester products, the ester holders concentrated on price increases, which stimulated the downstream part of the rigid demand into the market, the focus of trading has moved up. It is expected that the raw material butanol will continue to run strongly, while the acid ester market is expected to continue the trend of price increases, but need to pay attention to the downstream acceptance of the rapidly rising new prices.

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