China’s domestic PET market demand is general, and the overall operation is stable

According to the data monitored by the business agency, as of November 23, the price quoted by pet water bottle manufacturers was 5033.33 yuan / ton. The polyester bottle chip market was running weakly and steadily. The price of mainstream manufacturers was around 5100-5200 yuan / ton, while the mainstream negotiation in South China was 5150 yuan / ton. The overall market price of polyester bottle chips was stable, the purchasing atmosphere was general, the downstream demand was general, and the number of new customer orders was limited , mainly contract customers.

 

PVA 1799 (PVA BF17)

The domestic PET bottle chip market price is stable and rising, the overall market is running smoothly, the downstream demand is limited, and the price is mainly on the demand of rigid demand, and the overall price shows a small rise. The mainstream factories are actively shipping, the logistics is smooth, and the number of new orders is limited. At present, the polyester bottle chips in East China are running at a low level, and the prices of mainstream manufacturers are around 5100-5200 yuan / ton, which is weak in South China The mainstream negotiation price in the market is 5100-5200 yuan / ton. At present, the shipment is smooth and the inventory is general.

 

This week, the upstream PTA market rebounded slightly, the cost side lacked favorable support, the market demand was general, the negotiation focus was stable, the inventory pressure remained, and the transaction mentality was cautious.

 

On November 22, the BPI of commodity price index was 851, unchanged with yesterday, 16.49% lower than the highest point of 1019 (2012-04-10) and 28.94% higher than 660, the lowest point on February 3, 2016. (Note: period refers to 2011-12-01 to now)

 

Pet analyst of business agency thinks: pet market runs smoothly in the short term, price fluctuation is not big. (the above prices are provided by major pet manufacturers all over the country and analyzed by pet business analysts for reference only. Please contact relevant manufacturers for more price details.)

POLYVINYL ALCOHOL

Domestic PET market in China is stable and weak this week

According to the data monitored by the business agency, as of November 20, the price quoted by pet water bottle manufacturers was 4966.67 yuan / ton, and the polyester bottle chip market was running in a weak position, with a slight downward trend. The price range of mainstream manufacturers is around 5000-5100 yuan / ton, while the mainstream negotiation in South China is 5050 yuan / ton. The overall market price of polyester bottle chips is stable, the purchasing atmosphere is flat, the downstream demand is general, and the number of new customers’ orders The quantity is limited.

 

The domestic polyester bottle chip market price runs smoothly, the downstream demand is general, and the overall price presents a stable trend. The market negotiation center is stable, the mainstream factory ships actively, the logistics is smooth, the number of new orders is limited, mainly contract customers, just need to purchase, buy as you need, Huadong polyester bottle chip is running at a low level, the current mainstream manufacturers’ price is around 5000-5100 yuan / ton, which is weak in South China The main market negotiation price is 5000-5100 yuan / ton. At present, the shipment is smooth and the inventory is general.

 

This week, the upstream PTA market rebounded slightly, the cost side lacked favorable support, the market demand was general, the negotiation focus was stable, the inventory pressure remained, and the transaction mentality was cautious.

 

On November 19, the rubber and plastic index was 736 points, up 5 points compared with yesterday, 30.57% lower than 1060 (2012-03-14), and 39.39% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

 

Pet analyst of business agency thinks: pet market runs smoothly in the short term, price fluctuation is not big. (the above prices are provided by major pet manufacturers all over the country and analyzed by pet business analysts for reference only. Please contact relevant manufacturers for more price details.)

POLYVINYL ALCOHOL

Price adjustment limited, n-propanol market stable operation

According to the price monitoring data of the business agency, as of November 19, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11466 yuan / ton, which was 67 yuan / ton lower or 0.58% lower than a week ago; compared with November 1 (the average price was 11266 yuan), the average price was increased by 267 yuan / ton, or 2.37%.

 

PVA 2088 (PVA BP20)

In the first ten days of this month, driven by the price increase of n-propanol plants in Shandong and Jiangsu, the domestic market of n-propanol rose slightly, with the range of 200-500 yuan / ton. Subsequently, the overall trend of the market was stable. Until the middle of this month, some dealers adjusted the quotation of n-propanol according to their own inventory range, with the adjustment range of 100-200 yuan / ton, and the market of n-propanol fell slightly. At present, the domestic n-propanol market adjustment is limited, mainly stable operation. As of November 19, the ex factory price of n-propanol (bulk water) is around 10500-11000 yuan tons, and that of n-propanol (including package) is around 11200-11800 yuan tons. In Nanjing, the ex factory price of n-propanol (bulk water) is 10300-10500 yuan per ton. According to the price monitoring data of the business agency, the reference average price of domestic n-propanol including packaging in mainstream areas is around 11466 yuan / ton, which is 67 yuan / ton lower or 0.58% lower than a week ago; compared with November 1 (the average price is 11266 yuan), the average price is increased by 267 yuan / ton, or 2.37%.

 

In terms of raw materials, in the European ethylene market on November 18, FD northwest Europe quoted 716-727 USD / T, down 1 USD / T, CIF northwest Europe quoted 708-717 USD / T, down 1 USD / T, the recent market demand is general. In the Asian ethylene market, CFR Northeast Asia quoted 850-860 USD / T, CFR Southeast Asia quoted 785-795 USD / T, up 5 USD / T. It is expected that the price of ethylene in Asia will increase in the near future.

 

Internationally, on November 18, the price of WTI crude oil futures market in the United States rose, with the settlement price of main contracts rising by US $0.36 to US $42.01/barrel. Brent crude oil futures market prices rose, the main contract settlement price to 44.34 US dollars / barrel, up 0.59 US dollars.

 

Just need to purchase propyl alcohol market stability

 

At present, the demand for domestic n-propanol is normal, and the downstream just needs to purchase. Therefore, the n-propanol Data Engineer of the business club believes that in the short term, the n-propanol market fluctuates in a narrow range, and the overall continuous and stable operation is the main factor. The specific market will also be closely related to the upstream and downstream industrial chain, and the changes in raw materials and demand should be paid attention to.

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Phenol market price rises sharply

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

Strong cost support, nylon price rise (11.1-11.16)

According to the statistics of the business agency, as of November 16, the price of nylon filament DTY in Jiangsu was 15466 yuan / ton, which was 434 yuan / ton higher than that in the beginning of November, with an increase of 2.80% and a year-on-year decrease of 8.62%; the price of nylon POY was 13360 yuan / ton, which was 280 yuan / ton higher than that in early November, an increase of 2.14%, and a year-on-year decrease of 11.29%; the price of nylon FDY was 16750 yuan / ton, 500 yuan / ton, or 3.08%, compared with the beginning of November It was 13.88% lower than that of the previous year.

PVA 1788 (PVA BP17)

 

In November, the international crude oil price soared. As of November 16, the WTI crude oil settlement price was 41.34 US dollars / barrel, 14.29% higher than the price at the beginning of November. Last week, the listing price of pure benzene was raised twice to 4000 yuan / ton, up 250 yuan / ton. The supply of cyclohexanone is relatively abundant, and the orders are flat at the beginning of the month, and the pressure of shipment is still under pressure. However, due to the strong cost support, the price of cyclohexanone has increased significantly. Caprolactam is on the rise with high cost on the one hand, and some enterprises have maintenance plan in the later stage, so the supply of goods is also tight. In the same month, Sinopec raised the listing price of caprolactam twice to 10800 yuan / ton, an increase of 700 yuan / ton. At the beginning of the month, downstream staple fiber and other enterprises mainly digested and prepared inventory. The listing price of caprolactam in the upstream rose sharply, while the downstream chase up the price of goods to support, which stimulated the price of PA6 to go up.

 

At the beginning of the month, nylon manufacturers took a small action and took a wait-and-see price. However, the price of raw materials has increased significantly. Recently, nylon manufacturers have warned again that due to the rising cost, nylon has the expectation of increasing the price, and customers with demand will place orders as soon as possible to lock in profits. On the one hand, businesses stimulate marketing; on the other hand, raw materials do rise sharply. With the consumption of inventory, the price increase is imminent.

 

According to the analysts of the business agency, in the first ten days of November, crude oil rose sharply, and all links of nylon industry chain increased to varying degrees, and the production cost center of nylon manufacturers shifted upward. However, the order support is general, and the pricing is relatively conservative. Some manufacturers’ price increase dates are delayed, with the price increases ranging from 200 to 500 yuan / ton. It is not likely that manufacturers will continue to raise their prices in the peak season. It is expected that prices will remain stable in the near future.

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