Glycol daily review (20220317)

The latest p-value price of ethylene glycol on March 17 was 5133.33 yuan / ton.

 

Today’s ethylene glycol market shock finishing. As the price of upstream crude oil rises, IEA believes that the decline in demand caused by the price rise will not offset the lack of oil supply in Russia. Repeated domestic epidemics have affected demand and transportation. The outer market of ethylene glycol fluctuated in a narrow range in the afternoon. Recently, near 675 of the cargo negotiation, the port inventory remains high, the downstream textile buying atmosphere is general, the transaction is deadlocked, and it is in a state of high construction, high inventory, high cost and low demand.

 

Forecast: restrained by the cost side, it fluctuates widely.

POLYVINYL ALCOHOL

On March 16, the market price of ammonium chloride was strong

The market price of ammonium chloride is high and strong. According to the monitoring of business society, the price of domestic ammonium chloride and dry ammonium chloride was 1295 yuan / ton on the 16th, which was mainly stable compared with the previous day. Since March, the price of raw liquid ammonia has risen, and the cost support has strengthened. The price of urea has remained high recently, which supports ammonium chloride. The operating rate of domestic combined caustic soda is at the level of 70 ~ 80%, the operating rate in some regions is low, the supply of ammonium chloride market is generally tight, there are many orders to be issued by manufacturers, and the price is strong.

 

On the one hand, it is expected that the supply and demand of ammonium chloride will continue to rise strongly in the near future, which is supported by the expected high demand of ammonium chloride in the international market. On the other hand, it is expected that the supply and demand of ammonium chloride will continue to rise in the near future.

POLYVINYL ALCOHOL

On March 15, the domestic PVC market price fell

1、 Price trend

 

Latest price (March 15): 8950 yuan / ton

 

Key points of analysis: on March 15, the average domestic spot price of pvc5 was 8950 yuan / ton, down 1.32% from the previous trading day and up 2.58% year-on-year. The market weakened, and the decline of futures prices led to the downward shift of the focus of the spot market. The prices of PVC enterprises were mostly reduced by 100-200 yuan / ton. The mentality of the industry was negative. Although the raw materials rose recently, due to the impact of public health events, the demand of downstream products industry weakened, and the PVC market fell. At present, the price of raw calcium carbide is about 4400-4550 yuan / ton, and the price of PVC is 8700-9100 yuan / ton.

 

The PVC market is expected to decline slightly.

POLYVINYL ALCOHOL

On March 14, TDI market in East China was weak

Trade name: TDI

 

Latest price (March 14): 19375 yuan / ton

 

Key points of analysis: today, the average price of TDI market in East China decreased by 0.64% compared with the previous working day, and the domestic TDI market will wait and see the consolidation and operation. At present, there is little change in the start-up of devices in the main domestic TDI factories, the spot market continues to be tight, the favorable conditions in the terminal market are weakened, the quotation of cargo holders is temporarily stable and wait-and-see, the downstream gas buying is general, the market just needs to be followed up, and the TDI market is slightly downward. At present, the quotation range of dealers in East China is about 18500-19100 yuan / ton for domestic goods and about 19000-19500 yuan / ton for Shanghai goods.

 

Aftermarket forecast: the TDI market is weak in the later stage, and pay attention to the market supply and downstream follow-up.

POLYVINYL ALCOHOL

The price of orthobenzene rose sharply this week

The price of orthobenzene rose sharply this week

 

PVA 2699

According to the price trend chart of orthobenzene in business society, the price of orthobenzene rose sharply this week. As of March 11, the price of orthobenzene was 9000 yuan / ton, up 15.38% from 7800 yuan / ton on March 1 at the beginning of the month. The price of crude oil rose sharply, the price of mixed xylene rose sharply, the cost of orthobenzene rose, and the market of orthobenzene rose.

 

The price of raw material mixed xylene rose sharply

 

According to the trend chart of mixed xylene in business society, the price of mixed xylene rose sharply this week. As of March 11, the price of mixed xylene was 8750 yuan / ton, up 5.55% from 8290 yuan / ton last weekend. The price of mixed xylene rose sharply, the cost of o-xylene rose, and the driving force of o-xylene rose.

 

The price of downstream phthalic anhydride fluctuated and rose

 

POLYVINYL ALCOHOL

As can be seen from the price trend chart of phthalic anhydride in business society, the price of phthalic anhydride stabilized after rising this week. As of March 11, the price of phthalic anhydride was 9150 yuan / ton, up 7.96% from 8475 yuan / ton on March 4 last weekend. With the release of the news on the mitigation of the conflict between Russia and Ukraine, the price of crude oil plummeted and the rise of phthalic anhydride slowed down. On March 11, the price of phthalic anhydride was temporarily stable, the price of phthalic anhydride increased, the demand for o-xylene increased, and the driving force for the rise of o-xylene increased.

 

Outlook

 

Analysts of o-xylene data of business agency believe that affected by the rise of crude oil price, the price of raw material mixed xylene rose sharply this week, the price of downstream phthalic anhydride fluctuated and rose, and the positive market of o-xylene increased. As the conflict between Russia and Ukraine is expected to ease, the price of crude oil plummeted, the cost support of o-xylene weakened, the downstream demand was temporarily stable, and the rising power of o-xylene weakened. Generally speaking, the cost support of orthobenzene is weakened, and the demand power remains. It is expected that the price of orthobenzene will be strong and stable in the future.

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