According to the data of the business club’s block list, as of July 20, the average price of acrylic acid in East China was 12533.33 yuan / ton, up 5.04% compared with July 11 and 17.13% compared with June 20.

Acrylic acid market rose steadily in early July, up 5%. In the middle of the year, acrylic acid market continued to rise, and the market continued to rise slightly on the 20th. The industry’s inventory is low, the spot supply in the market is tight, the focus of market negotiation is steadily rising, and the downstream is mainly purchasing on demand, and the market atmosphere is acceptable.

Upstream propylene, according to the bulk list data of business society, as of July 19, the reference price of propylene was 7673.09, up 0.36% compared with the previous trading day. The downstream procurement enthusiasm was ok, and the market rose slightly.

Acrylic acid analysts of business news agency believe that at present, the upstream propylene price is relatively strong, and the cost support is strengthened. The downstream rigid demand procurement is mainly supported by the tight supply. It is expected that the acrylic acid market will be strong in the short term, and more attention should be paid to the market information guidance.

1、 Price trend

According to the monitoring data of the business community, the average price of EPS ordinary material was 10800 yuan / ton at the beginning of this week, and 10800 yuan / ton at the weekend, which was stable, up 33.33% compared with the same period of this year.

2、 Market analysis

At present, the domestic EPS market fluctuates slightly, and the overall price is stable. Crude oil rose first and then fell, supported by pure benzene price, styrene rose slightly. The central bank’s RRR reduction led to the strengthening of styrene night market. Some terminals entered the market for replenishment at the weekend. In addition, styrene stopped falling and rebounded, and some markets increased volume again. The overall turnover increased month on month in the week.

As of July 15, Jiangsu’s common material was 10600 yuan / ton, stable on a month on month basis, while the resistance fuel was 11100 yuan / ton, stable on a month on month basis. On the supply side, some parking EPS devices may restart next week, and the production is expected to increase slightly next week.

3、 Future forecast

On the cost side, crude oil storage and production increase expectations, macro support or weakening, plus pure benzene or loosening, hard glue demand off-season, demand side, household appliances demand is difficult to improve significantly, insulation wall demand is general, EPS market is expected to weaken slightly next week.

According to the monitoring data of the business agency, as of July 16, the reference ex factory price of domestic industrial grade propylene glycol was 17566 yuan / ton, which was increased by 1500 yuan / ton, or 9.34%, compared with July 1 (reference price of propylene glycol was 16066 yuan / ton).

Since the first ten days of July, the domestic propylene glycol market has risen as a whole. The main reasons for the sharp rise in the market price of propylene glycol are as follows:

On the supply side, at the beginning of July, the factories in Shaanxi and Shandong were shut down for maintenance. The spot supply of propylene glycol in the yard was reduced, and the transaction atmosphere of propylene glycol was rapidly warming under the low inventory. Therefore, the market price of propylene glycol ushered in a sharp rise.

On the demand side, after the reduction of market supply, the fear of rising sentiment in the downstream increased, the downstream took goods actively, and the demand for propylene glycol increased. Supported by both supply and demand, the domestic market price of propylene glycol continued to rise. By the 16th, the average price of propylene glycol had risen to 17566 yuan / ton. Compared with the beginning of July, the average price had risen by 1500 yuan / ton, with an overall increase of 9.34% in early July.

In terms of upstream propylene oxide, in July, propylene oxide continued its rising trend in late June and rose slowly. Since the 5th, propylene oxide manufacturers have no pressure, downstream polyether orders have increased steadily, and prices have risen. The middle and lower reaches just need to follow up steadily, and the market has no pressure to push up. At present, the market supply is tight, the downstream follow-up performance is positive, and the market continues to rise. As of July 16, the reference price of propylene oxide was 17700 yuan / ton, up 18.79% compared with 14900 yuan / ton on July 1.

Future market analysis of propylene glycol

At present, the overhaul of propylene glycol plants has been completed one after another, and the supply side has gradually returned to normal. Under the high price, the downstream demand will continue, and the trading atmosphere may weaken. However, in terms of cost, the price of propylene oxide has risen sharply recently, which gives strong support to the cost of propylene glycol, Domestic propylene glycol market will be high consolidation operation.

On July 15, the closing price of 2109, the main contract of petroleum asphalt futures, was 3218 yuan / ton, down 6.02%. According to the monitoring data of business news agency, as of July 15, the average spot price of domestic asphalt was 3476 yuan / ton, with a month on month increase of 3.57% and a year-on-year increase of 39.07%.

On July 15, the closing price of 2109, the main contract of petroleum asphalt futures, was 3218 yuan / ton, down 6.02%. Affected by the sharp drop in international crude oil prices and weak fundamentals, the price of asphalt futures fell sharply, the overall market was slightly depressed, and there were more futures selling. In terms of spot goods, the domestic asphalt market is slightly divided. The supply in Northeast China is low, the resources are tight, and the prices are rising. Although the supply in other regions remains low, the demand is limited, individual inventory pressure is obvious, and the overall asphalt fundamentals are still under certain pressure.

In the future, there will still be more obvious rainfall weather in northern China, which will affect terminal construction and asphalt demand. Asphalt analysts of business community expect that short-term asphalt price will fluctuate at a high level.

According to the data of the commodity list of the business society, the market price of formaldehyde in Shandong recently fell. On the 13th, the average price of formaldehyde in Shandong was 1345.00 yuan / ton, while on the 14th, the average price of formaldehyde in Shandong was 1340.00 yuan / ton, down 0.37%. The current price is up 4.08% on a month on month basis and 54.61% on a year-on-year basis.

Recently, the domestic market price of formaldehyde has fallen. As of July 14, the mainstream market price in eastern Shandong is 1280-1400 yuan / ton. Linyi Jinyuan Chemical has two formaldehyde production lines which stopped production on June 25, with an annual production capacity of 80000 tons and a formaldehyde content of 37%. Recently, the formaldehyde market has a general trading atmosphere, the transaction situation is not good, and the formaldehyde market shows a fluctuating downward trend.

Upstream methanol situation: the reference price of methanol market in North Central Shandong Province is 2300 yuan / ton, which will be sent to cash. In the methanol market in southern Shandong, some negotiation prices rose by 20-30 yuan / ton to 2430-2440 yuan / ton in cash. Linyi received the local goods, the negotiation price increased by 40 yuan / ton to 2440 yuan / ton, sent to cash, logistics goods offer price is not available. Methanol market on a small probe, support for formaldehyde is fair.

At present, affected by the rainy weather, the starting situation of plate factories in Shandong is general, the demand continues to be low, and the purchasing capacity is limited. At present, the atmosphere of Shandong formaldehyde trading market is relatively cold, the transaction is not good, the formaldehyde manufacturers are difficult to ship, and the focus of formaldehyde market is constantly moving down.

Recently, the upstream raw material methanol market rose slightly, and the demand of downstream plate factories was weak, so the formaldehyde analysts of business society chemical branch predicted that the recent formaldehyde price in Shandong was mainly fluctuating and consolidation.