1、 Price trend

According to the price monitoring of the business agency, the average price of salicylic acid (industrial grade) mainstream manufacturers was 14333.33 yuan / ton on August 26, down 2.27% from the beginning of the month, 2.27% month on month, and 6.52% lower than that at the beginning of the year.

2、 Market analysis

In August, salicylic acid was still in the off-season, the demand side continued to be weak, and the price dropped slightly. The export side is difficult to improve. For domestic trade, due to the low operating rate in summer and the shrinking demand of some downstream enterprises, salicylic acid is mainly purchased on a just demand basis. The business atmosphere is not high, the market transaction atmosphere is cold, and there are few new orders. Manufacturers are under pressure to deliver goods at a small margin. Each level of salicylic acid has declined to varying degrees, and the center of gravity has begun to move downward. Some manufacturers have downward plans at the end of the month On the whole, the market of salicylic acid was stable and slightly weak.

As of August 26, the industrial grade price of salicylic acid of Zhenjiang MaoYuan Chemical Co., Ltd. was 15000 yuan / ton, and the price remained stable. The industrial grade price of salicylic acid of Hebei Jingye Chemical Co., Ltd. is 14000 yuan / ton, that of Shandong Longxin salicylic acid is about 15000 yuan / ton, the ex factory price of methyl salicylate is about 23800 yuan / ton, the industrial grade price of salicylic acid of Yanying chemical industry is about 12000 yuan / ton, that of Henan Diduo chemical industry is 14000 yuan / ton, and that of Ganzhou MaoYuan pharmaceutical industry is 15000 yuan / ton Lord.

Enterprise product industrial pharmaceutical sublimation

MaoYuan chemical industry: salicylic acid 15000 yuan / ton 24000 yuan / ton 22000 yuan / ton

Professional chemical salicylic acid 13000 yuan / ton 28000 yuan / ton 20000 yuan / ton

Xinhua Longxin salicylic acid 15000 yuan / ton 24000 yuan / ton 18000 yuan / ton

Salicylic acid 10000 yuan / ton 23000 yuan / ton 15000 yuan / ton

Diduoao chemical industry: salicylic acid: 14000 yuan / ton — 19000 yuan / ton

Ganzhou MaoYuan Pharmaceutical Co., Ltd. salicylic acid 15000 yuan / T —-

For upstream phenol, the phenol market fluctuated in a narrow range on the 25th, and the weak market atmosphere led to poor trading. The reference offer of East China market was 5450-5500 yuan / T, which was relatively dull. In the case of narrow and weak market, the downstream mostly needed to follow up, buy gas to lend money, and there was no lack of delivery. In view of the cost pressure, it was difficult for the holder to make a low offer. The business agency predicts that the domestic phenol market will continue to fluctuate in a narrow range, and forecasts the reference price of phenol in East China of 5450 yuan / ton.

3、 Future forecast

Salicylic acid analysts of the business agency believe that: the demand is sluggish in the off-season, most of the downstream companies are just in need of purchasing, a small amount of replenishment, the enthusiasm for inquiry is not high, the market transaction atmosphere is light, the manufacturers are under pressure to deliver goods, and the price is reduced slightly. It is expected that the trend will continue to be weak and stable in the short term, or will be slightly reduced.

According to the price monitoring of the business agency, since the middle of August, the domestic market price of spandex has continued to rise slightly. As of August 25, the average price of spandex 40d specification was 31800 yuan / ton, up 2.91% compared with August 15, and down 0.31% year-on-year.

Current mainstream price statistics of spandex market (unit: yuan / ton)

20D 30D 40D

Zhejiang 34500-35500 33500-34500-27500-28500

Shandong 35000-36000 34000-35000 28000-29000

Fujian 35000-36000 34000-35000 28000-32000

Jiangsu 34500-35500 33500-34500 28500-32000

Spandex manufacturers started about 80%, still maintain a high level, stable supply and shipment. The pure MDI of raw material market fluctuated upward, the cost side support still increased, the downstream market slightly replenishment sentiment, the overall market just needs to buy.

Price statistics of domestic pure MDI market in August (unit: yuan / ton)

Region: August 3, August 10, August 20, August 25

South China 13300-13500 13800-14000 14500-14800-14800-15300

North China 13300-13500 13800-14500 14500-14800 15000-15300

East China 13300-13500 13800-14000 14500-14800-14800-15300

The market price of raw material pure MDI continues to rise. Manufacturers control the quantity of goods and continue to pull up the market. The market quotation is 14800-15300 yuan / T. About 40% of the pure MDI industry has been started, with stable start-up.

Equipment situation of domestic PTMEG manufacturers

Enterprise name address capacity (10000 tons / year) remarks

Shanxi 3D, Shanxi Hongdong 5 parking

Yizheng Dalian Jiangsu Yizheng 4 parking

Sinopec Great Wall energy chemical Ningxia Yinchuan 9.2 unit load is not high

Henan Nenghua Henan Hebi 6 parking

The load of Xinjiang Meike Xinjiang Korla 5 unit is not high

Tunhe River, Lanshan, Xinjiang, Changji, Xinjiang, April 6, July 25, maintenance, parking

The PTMEG market is waiting for consolidation. Recently, the suppliers have strong intention to explore the price. In terms of price, the mainstream quotation of 1800 molecular weight goods is 14000-15000 yuan / ton, and the actual negotiation is 13700-14000 yuan / ton. In terms of devices, 50000 tons of Shanxi sanwei, 40000 tons of Yizheng Dalian and 60000 tons of Henan Nenghua are still in shutdown, and there is no plan to restart. The load of Sinopec Great Wall energy and chemical industry 92000 tons and Xinjiang Meike 50000 tons units is not high, and the 46000 tons unit of Xinjiang Lanshan Tunhe plant was overhauled on July 25. At present, the PTMEG industry as a whole has started about 50% of its operation, so it is cautious to start.

The market demand in Zhuji area of Yiwu is generally followed up, and the start-up level of the wrapped yarn market is maintained at 60%; in Changshu, orders follow-up is normal, and the starting level of circular knitting machine and warp knitting market is maintained at 50-60%. With the coming of “gold, silver and ten”, the downstream demand of China Light and textile city will increase slightly, and the fabric batch trial order in early winter will increase slightly. The enthusiasm of North and South merchants to subscribe will rise slightly, and the marketing trend will increase slightly. The marketing will be weak day by day, and the overall market transaction will show a small upward trend. Therefore, it also drives the production enthusiasm of manufacturers. If the future market continues to improve, then the market inventory will slow down, but it is expected that the “quality” will certainly not be compared with the previous years.

Business agency analysts believe that the current spandex market shocks warmer, the raw material market partial operation, cost support role increased. And the terminal market is at the end of the domestic seasonal off-season, the demand for raw materials has rebounded, and the demand side will gradually recover. Therefore, it is expected that the spandex market will remain volatile in the short term.

Price trend

According to the business agency data monitoring, acetic anhydride prices continued to rise 200-300 yuan / ton this week, acetic anhydride market rebounded. As of August 24, the average price of acetic anhydride was 5637.50 yuan / ton, up 2.04% compared with 5525 yuan / ton at the end of last week, and 15.86% lower than that of the same period last year.

Acetic acid price trend

It can be seen from the acetic acid price trend chart that the price of acetic acid continued to decline this week, the cost of acetic anhydride decreased, and the pressure of acetic anhydride decline increased.

Methanol price trend

It can be seen from the methanol price trend chart that the methanol market in August fell all the way. This week, the methanol price continued its downward trend. The cost of acetic anhydride decreased, and the pressure on the decline of acetic anhydride increased, and the market of acetic anhydride was negative.

Market review and future forecast

According to Bai Jiaxin, an analyst of acetic anhydride data from business agency, this week, acetic anhydride raw materials acetic acid and methanol continued to decline slightly in the previous period, and the cost of acetic anhydride decreased, and the pressure of acetic anhydride decline increased; however, acetic anhydride enterprises recently had more maintenance and parking, low equipment operating rate, Yankuang acetic anhydride inventory was insufficient, shipment was difficult, market shortage pressure increased, and acetic anhydride pressure increased. Generally speaking, the recent fluctuation of acetic anhydride market, the pressure of future market acetic anhydride still exists, the support of acetic anhydride rise is insufficient, and the future market of acetic anhydride is expected to be stable.

1、 Price trend

According to commodity data monitoring, isopropanol prices rose this week. At the beginning of the week, the average price of isopropanol in China was 7200 yuan / ton, and the average price at weekend was 7633.33 yuan / ton. During the week, the price increased by 6.02%.

2、 Market analysis

The price of isopropanol in China has recovered this week. Due to the rise of raw material acetone, isopropanol enterprises are under great pressure. Some enterprises such as Dezhou Detian and Zibo NOAO choose to stop or reduce production to relieve the pressure. At present, parking enterprises account for more than half of the total output, accounting for 55% of the total output, and the operating rate of driving enterprises is less than 70%.

In the international market, isopropanol in the U.S. market fell, while the European market closed higher. The demand for disinfectants in overseas markets was relatively stable this month. The domestic market demand is general. Up to now, the negotiation range of isopropanol in Shandong Province is about 7300-7500 yuan / ton, and that of Jiangsu Province is 7800-8100 yuan / ton. The negotiation range of isopropanol in South China is around 8500 yuan / ton.

In terms of raw materials, the acetone market went up this week, with 6550 yuan / ton in East China, 6700 yuan / ton in South China, 6250 yuan / ton in Shandong and 6150 yuan / ton in surrounding markets of Yanshan. This week, the market confidence of acetone market increased greatly, but the bad news still remained: Sinopec’s three well unit resumed production, Zhejiang Petrochemical Company has not yet discharged materials in operation, and next week, Saudi Arabia will be more abundant in supply. It is expected that the acetone market will run strongly this week.

In terms of propylene, the market price of propylene in Shandong remained stable. On August 20, crude oil prices declined slightly, which had limited impact on propylene market. On the other hand, the downstream units started operation at a high level, the overall profit margin has been improved, and the purchasing enthusiasm has increased, and the market is optimistic. At present, the market transaction is still between 6950-7250 yuan / ton, and the mainstream price is about 6950 yuan / ton. Propylene manufacturers to ship smoothly, inventory pressure is small.

3、 Future forecast

The isopropanol analysts of the chemical branch of business society believe that the market price of raw material acetone is up, and the market price of propylene is generally stable. Affected by raw materials, there are more parking enterprises and tight spot. Supported by cost, the price of isopropanol increased. In terms of demand, although the export advantage has weakened, the current export situation is relatively stable. It is expected that the price of isopropanol will continue to rise in the short term, and follow-up attention will be paid to the changes in the news.

As of August 20, the average price of acetic acid in East China was about 2390 yuan / ton, down 9.24% from 2633 yuan / ton at the beginning of the month. At present, Shandong Province is 2350-2450 yuan / ton, Jiangsu Province 2300-2400 yuan / ton, Zhejiang Province 2450-2550 yuan / ton, Henan Province 2200-2250 yuan / ton, Hebei Province 2500-2550 yuan / ton, Northwest China 2100 yuan / ton.

Unit capacity (10000 t / a) unit output (T / D)

Yankuang Guotai 110.3000

Hualu Hengsheng 50.8.5 maintenance for 25 days

Yangtze BP 50 1300

Jiangsu Sopu 120.3000

Celanese 1200 2000

Jiantao, Hebei, 50.1400

Tianjin Bohua 35 700

Henan Shunda 40.1400

Henan Longyu 50.1500

Henan Yima 25 parking

Shaanxi Yanchang 30.1000

Shanghai Huayi 70.1800

Anhui Huayi 50.1300

Dalian Hengli 35.1100

At present, the domestic acetic acid market is stable and soft, and the overall operation of enterprises is stable, the spot supply in the market is sufficient, and the inventory of some enterprises is gradually accumulated. In order to prevent the future stock pressure from being too large, the bidding for shipment aggravates the downward trend of the market. In addition, the number of new orders is relatively small, and the market is short-sighted.

In the upstream market, the methanol market fluctuated downward, and the negative news of enterprise maintenance failed to effectively boost market confidence, and the overall transaction volume in the industry was still light, at present, about 1615 yuan / ton. In terms of downstream, the cost side support of acetic acid downstream industries such as vinyl acetate and acetate is good, but the demand of downstream market is low, and the transaction volume in the industry is insufficient. In order to prevent excessive reservoir pressure, enterprises passively yield profits and ship goods.

Affected by the poor demand of downstream market, the international acetic acid market is in a weak position. The quotation of Asian acetic acid market is about 280-3200 US dollars / ton; the European market is about 530 euro / ton; the North American market is about 440 US dollars / ton.

The acetic acid analysts of the business club believe that the current domestic acetic acid enterprises are operating at a high level as a whole, the market supply is sufficient, the contradiction between supply and demand is becoming more and more serious, and the operators have a strong bearish mentality and are expected to run in a weak position in the short term.