After a week’s adjustment, Yiwei Chemical Co., Ltd. was significantly higher than RMB 6900% in the domestic market, followed by a sharp increase of more than RMB 6900% in the domestic market, followed by a sharp increase of more than RMB 6900% in the domestic market. The current market spot supply pressure is not big, on the one hand, the port inventory is low and the domestic factory shipping pressure is not big, the sentiment of cargo holders is not reduced. On the other hand, after the sharp rise in the downstream markets such as bisphenol A in the early stage, the upstream products of the industrial chain are well supported.
| PVA 1788 (PVA BP17) |
Trend chart of phenol average price in national market
Trend chart of phenol commodity index in East China (factory offer)
From the upstream point of view, the price of raw material pure benzene continues to rise. It is understood that the domestic price of pure benzene is in the range of 4200-4550 yuan / ton. In terms of raw material propylene, the main transaction volume was RMB 6820-6860 / T, and the profit margin of downstream products was good.
From the downstream demand side, so far, the soaring trend of bisphenol a market has come to an end. The mainstream offers of factories are 18200-19000 yuan / ton, and the mainstream negotiations in East China and North China are also around 18500-18800 yuan / ton. At present, the supply of goods in the market is limited, the inventory is not under pressure, and the shippers make profits and actively ship goods. Although it is difficult to digest downstream after the price rise, the transaction prices of some rigid demand markets are obviously high, and the market low price is hard to find.
From the perspective of business agencies, after a short-term sharp rise, the downstream resistance increased, and the volume of trading was insufficient, and the actual situation needs to be paid attention to. Short term profitable traders will also increase the pace of shipment. It is expected that the market may maintain a stable price. The East China market will negotiate at 6900-7000 yuan / ton.
| POLYVINYL ALCOHOL |