According to the monitoring data of business agency, on June 17, the MTBE price in Shandong was 8787 yuan / ton, up 16.58% month on month and 37.23% year on year. The supply of export goods has increased, and the sales pressure of merchants has increased. The price rises to a high level, and the downstream merchants breed resistance. In addition, the recent increase in spot supply has highlighted the sales pressure of businesses in some regions.

The domestic MIBK market is cold and hard to change. In the early stage, when raw materials continue to rise, the cost side is high. The MIBK market is in a stalemate. This week, the support from the raw material side is weakened, and the market is in a depressed state. The reference price for East China negotiation is 11500-11600 yuan / ton. According to the monitoring data of the business club, the market offer in East China was 11833 yuan / ton on June 10, and 11600 yuan / ton on June 17, a decrease of 1.97% in the week.

The focus of raw acetone market was downward, reaching 5900 yuan / ton through negotiation at the end of the weekend. During the week, the on-site trading was tepid, and the purchasing power of terminal factories was insufficient. In addition, the original continuous decline, the support from the upstream weakened, and the market fell significantly. However, after the market drops to 5850, the terminal may have the intention of low-cost inventory.

Trend chart of average acetone price in East China market

The terminal demand is general, and the downstream orders are mainly for rigid demand. The short-term demand changes are limited, and it is difficult to make major changes in the project cost. The carrier’s operating enthusiasm is general, and the attitude is mainly wait-and-see.

The business agency predicts that the MIBK market will run in shock next week. The fluctuation of raw acetone is limited, and the cost is difficult to change in the short term. At present, the downstream is dominated by rigid demand, which is difficult to fluctuate greatly. The goods holders follow the market and have little enthusiasm for operation

According to the monitoring data of business agency, the average price of domestic butadiene producers was 11377 yuan / ton on June 16, up 18.68% month on month and 33.56% year on year. In terms of market price, the mainstream transaction price of butadiene in East China is 10650 yuan / ton; The mainstream transaction price of butadiene in central Shandong is 11100 yuan / ton. The supply side of the market is difficult to have a significant positive boost, demand continues to be weak, coupled with the decline of crude oil, it is difficult to find supporting factors on the news side.

According to the data monitored by the business agency, the domestic carbon black quotation on June 15 was 10325 yuan / ton. On the cost side, the domestic high-temperature coal tar has fallen recently. At present, the coke enterprises are operating stably, and the coal tar supply in the market has not changed significantly, but the performance of downstream products continues to be poor. On the demand side, the downstream tires in the domestic carbon black market are running at low load, and the sluggish performance is still not improved. The operating load of all steel is about 55%, while that of semi steel is about 65%. Under the condition that the domestic demand for tires continues to be weak and the export orders drive is limited, the inventory of tire enterprises is high. In a comprehensive view, the current domestic carbon black cost is falling, and the carbon black price is slightly downward under the condition that the negative factors in the carbon black market demand are low and the inventory is increased.

The latest p-value price of ethylene glycol on June 14 was 5160 yuan / ton, unchanged from the previous trading day. The year-on-year increase was 4.24%.

Oil prices rose in volatile trading on Tuesday as global supply constraints outweighed concerns that fuel demand could be affected by the economic recession and domestic restrictions on the epidemic. Under the support of cost, ethylene glycol rebounded slightly today, the basis negotiation was slightly stronger, the external market rose slightly in the afternoon, and the recent negotiation price of shipping cargo was around us $635 / ton. However, the overall trading of ethylene glycol market is still light, and the enthusiasm of production enterprises is low due to benefit reasons. MEG port inventory fluctuation is limited. As of June 13, the total inventory of ethylene glycol in the main ports in East China was 1148100 tons, an increase of 2100 tons, or 0.18%, compared with last Monday, and a decrease of 1700 tons, or 0.15%, compared with last Thursday. The downstream PFY market sales were weak, some polyester manufacturers stopped for maintenance, the polyester operating rate declined slightly, and the market outlook was cautious.

Forecast: it is difficult to expect a substantial increase in terminal demand, with range fluctuations.