Price Trend
The acetone market as a whole went ahead this week, with a high trading atmosphere and an increase in real trading. According to the monitoring of commodity data of business associations, this week petrochemical companies listed 3450 yuan/ton, up 200 yuan/ton on No. 18, the overall line was 2.07%.
| POLYVINYL ALCOHOL |
II. Analytical Review
Products: On July 18, the petrochemical enterprises raised 200 yuan per ton and implemented 3450 yuan per ton. The focus of discussion on acetone market in East China has softened. Although petrochemical enterprises raised the unit price of acetone by 200 yuan/ton yesterday, the mood of terminal factory’s replenishment is not high. Holders have a strong mood for replenishment, but under the circumstance of insufficient follow-up, there are some low shippers, and the delivery atmosphere is slightly light. At present, the main negotiation range of East China market is 3400-3450 yuan/ton. Negotiations in the border market are around 3450 yuan/ton, and in the mainstream of South China market are between 3550 and 3600 yuan/ton.
Industry chain: In early July, pure benzene rose rapidly, and the price of external market rose sharply, especially in the United States. Due to heavy rainfall and flooding, the production load of local factories is limited, the main insurance contract and the reduction of spot release in the United States lead to the reduction of supply. In July, propylene market prices soared like the temperature of this season. By mid-July, the mainstream transaction of propylene price in Shandong Province had risen to 7950-8050 yuan/ton. Continuous tight supply was still the main driving force to support the rise of propylene price. In addition, some long-term supply was still not fully restored and some refining units were repaired. Secondly, polypropylene futures continued to break new highs, and propylene prices reached new highs. Downstream terminals are just in need of purchasing.
| PVA |
3. Future Market Forecast
The mentality of acetone holders has been strongly supported, but the mood of terminal factory replenishment is not high. Although the holders have a strong sentiment, but the actual follow-up is insufficient, the business association predicts that the main negotiation range in East China market is 3400-3450 yuan/ton.
| PVA 0588 ( PVA BP05) |