High price of bromine in China

1、 Price data:

 

PVA 1799 (PVA BF17)

According to the data monitoring of the bulk list of business associations, affected by the decline in supply side, the price of bromine in Shandong continued to rise. As of August 19, the average price of bromine in Shandong was about 28388 yuan / ton, up 4.71% compared with the beginning of the month and 6.48% lower than the same period last year.

 

2、 Cause analysis

 

Products: affected by the recent rainy weather, the production of domestic bromine manufacturers fluctuated greatly, the start-up of enterprises was unstable, the market supply declined, the supply side was favorable, and the bromine price continued to rise. In addition, the overall inventory pressure of the enterprise was not large, and the holding companies had good intention to support the price. At present, the mainstream bromine enterprises offer about 28000-28500 yuan / ton.

 

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Industrial chain: in the upstream, domestic refineries have low sulfur inventory and tight liquid sulfur supply. Under the performance of supply and demand, they support the market. Refineries in various regions make quotations according to their own shipment situation. Most enterprises raise their quotations, while a few of them are temporarily stable, which is about 753 yuan / T. the price of mainstream sulfuric acid manufacturers is temporarily stable, and the inventory of manufacturers is small, and the downstream demand is strong, and the future market may rise At present, it is about 427 yuan / ton; the domestic soda ash market is weak, the market atmosphere is light, the downstream market demand is not significantly improved, and the market transaction is general. It is expected that the price of soda ash will be weak in the near future, and the current price is about 475 yuan / ton. The main downstream flame retardant market purchase of bromine is still mainly based on rigid demand, and the market start-up is flat, and the industries such as pharmaceutical and pesticide intermediates are generally started, and the demand side does not support the price of bromine.

 

3、 Future forecast

 

The bromine industry analysts of the business society believe that at present, the spot production of bromine market has declined significantly, the market supply is still tight, and the enterprise inventory is not under pressure, the bromine price is expected to rise steadily in a short time.

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Shandong dichloromethane market in high price

According to the monitoring of bulk data of business agency, the market of dichloromethane in Shandong is high and firm. As of August 18, the average price of dichloromethane in Shandong was about 2290 yuan / ton, up 2.69% compared with the beginning of the month and 4.09% higher than the same period of last month.

 

Production capacity and operation of the enterprise

Jinling, Shandong Province: 440000 tons / year, 90%

Dongying Jinmao 120000 tons / year parking

400000 tons / year of Luxi Chemical Industry is being restarted

Shandong Dongyue: 280000 tons / year: 70%

Jiangxi Liwen: 120000 tons / year: 70%

Jiangsu Liwen 160000 tons / year full load

Jiangsu Meilan 200000 tons / year 70%

Quhua, Zhejiang: 300000 yuan / year: 70%

Zhejiang Juhua 300000 tons / year 70%

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At present, the overall operating rate of dichloromethane enterprises in Shandong has gradually recovered, the enterprise quotation has been at a high level, the downstream market just needs to be weak, the industry supply and demand game, the production enterprise warehouse pressure gradually increased, the industry wait-and-see atmosphere is strong, the intention of receiving goods is not high, and it is obviously bearish on future generations. At present, the price of dichloromethane in Shandong is about 2290-2310 yuan / ton, that of Jiangsu Liwen is about 2900 yuan / ton, and that of Jiangxi Liwen is about 2400 yuan / ton.

 

In the upstream market, the methanol market was in a downward trend, and the news of enterprise maintenance and negative pressure reduction failed to effectively boost the market confidence. The overall transaction volume of the industry was still weak, at present, about 1620 yuan / ton; the liquid chlorine market was up and down, and the fluctuation was running, and the enterprise burden reduction led to a decline in market supply. However, the trading atmosphere in the industry was still weak, with the average price of 500-700 yuan / ton at present.

 

The downstream refrigerant market of dichloromethane started not high, the demand of the industry declined significantly after the whole industry entered the off-season, and the negative factors in the industry were obvious; the pharmaceutical and agricultural solvent industry started flat, and the support for dichloromethane was insufficient.

 

According to the methane chloride data of the business society, the game between supply and demand in the dichloromethane market in Shandong is obvious, and the number of new orders in the industry is relatively small. With the accumulation of enterprise inventory, it is expected that the market will be weak and decline.

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Octanol prices in Shandong rose slightly this week (8.10-8.14)

1、 Price trend

 

PVA 1788 (PVA BP17)

The factory price of octanol in Shandong Province rose this week. This week, the average price of mainstream factory price of octanol in Shandong increased from 7083.33 yuan / ton at the beginning of the week to 7116.67 yuan / ton at the end of the week, an increase of 0.47%, and a decrease of 3.61% compared with the same period of last year. Overall, octanol market rose this week, with the octanol commodity index of 52.33 on August 14.

 

2、 Market analysis

 

From the manufacturer’s quotation, the main octanol manufacturers in Shandong Province have increased their ex factory quotation this week: the octanol quotation of Jianlan Chemical Co., Ltd. is 7100 yuan / ton at the end of this week, which is temporarily stable compared with the beginning of the week; the offer of lihuayi octanol is 7050 yuan / ton at the end of this week, which is 100 yuan / ton higher than that at the beginning of the week; the quotation of Hualu Hengsheng octanol is 7200 yuan / ton this weekend, which is temporarily stable compared with the beginning of the week.

 

Judging from the upstream and downstream industrial chain, the propylene market in the upstream raw material market of octanol fell slightly this week, with the quotation falling from 7036.45 yuan / ton at the beginning of the week to 7030.09 yuan / ton at the end of the week, a decrease of 0.09%, and a decrease of 9.18% compared with the same period last year. Upstream raw material market prices fell slightly, affected by the supply and demand side, had a negative impact on octanol prices.

 

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Octanol downstream market, DOP factory price this week to stop falling to maintain stability. DOP quoted 7000 yuan / ton, down 3.45% from the same period last year. Downstream customers are generally active in purchasing octanol, and demand for octanol is general. The low price consolidation of DOP has a negative impact on octanol market. After the market operators more watch the trend of DOP.

 

3、 Future forecast

 

In the middle of August, the market trend of Shandong octanol fluctuated slightly and fell mainly. The upstream propylene price fell, the cost support was weak, the downstream DOP market was low consolidation, and the downstream purchasing enthusiasm was general. Octanol analysts believe that: in mid August, under the influence of supply and demand, raw materials and other aspects, the octanol market in Shandong may fluctuate and fall slightly.

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China’s domestic propylene (Shandong) market price fell slightly over the weekend (8.10-8.14)

1、 Price trend

 

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According to the data from the bulk list of business agencies, the domestic propylene (Shandong) market price continued to maintain stability this week, with a slight decline over the weekend, with the initial price of 7036 yuan / ton; the weekly low price of 7030 yuan / ton at the weekend, with a weekly decline of only 0.09%.

 

2、 Analysis and comment

 

According to the price chart of business agency, the recent price of propylene fluctuates periodically, and the price range of recent fluctuation has broken through. At the beginning of August, the price was at a high level in the range. Since the end of the week, the price of some enterprises has been slightly up and down. On the 5th, it has been stable. From 6th to 10th, the first round of rising trend of breaking through the range of this month has been started. The price of some enterprises has been generally stable since November. The market transaction is between 6950 and 7250 yuan / ton, and the mainstream price is still around 7000 yuan / ton. Propylene manufacturers stable shipment, low inventory.

 

On August 13, crude oil price fluctuated slightly, with limited impact on propylene market.

 

Recently, PP futures market is general, spot prices fluctuate and decline, with a weekly decline of 0.84%, which may have some negative effects on propylene.

 

Acrylic acid market this week to maintain stability, the impact on propylene is not big.

 

Propylene oxide market rose sharply last week, the whole line remained stable this week, with limited impact on propylene.

 

This week, epichlorohydrin price rose slightly, with a weekly increase of 5.54% and a weekly amplitude of 6.57%, which had a slight positive impact on propylene.

 

PVA 1799 (PVA BF17)

The domestic n-butanol price rose step by step this week, with a weekly increase of 1.78%, which had a slight positive impact on propylene.

 

Octanol market rose slightly this week and then stabilized, with a weekly increase of 0.47%, which had little impact on propylene.

 

The isopropanol market remained stable after a sharp decline this week, with a weekly drop of 12.15%, which had a significant negative impact on propylene.

 

The whole line of East China phenol will maintain stability this week, with limited impact on propylene.

 

East China acetone also maintained stability in the whole line this week, with limited impact on propylene.

 

3、 Future forecast

 

According to the propylene analysts of the chemical branch of the business society, the inventory pressure of the current propylene manufacturers is small, the crude oil price is volatile, and the downstream market is mostly negative or not affected, and the overall market procurement is mainly on demand. The propylene market price has broken through the upper limit of the range before, and the downstream support is obviously insufficient, so the propylene price is expected to decline.

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The price of butanone fluctuates at a low level, and may fall slightly in the future

According to the data monitoring of business agency, as of August 13, the average ex factory price of domestic butanone market was 6033.33 yuan / ton. Compared with the price on August 1, the price decreased by 33 yuan / ton, or 0.55%; compared with the price on July 1, the price decreased by 1000 yuan / ton, by 14.22%, and the maximum amplitude during the period was 14.22%.

 

Butanone went down all the way in July, down 13.74%

 

In July, the market of butanone was weak and fell significantly. With the advent of high temperature, downstream demand weakened and the market trading atmosphere was cold. Butanone export is limited, export orders are reduced, and the foreign trade atmosphere is not good, which affects the confidence of domestic traders. With the increase of domestic inventory, the bearish mentality of the industry is increasing, the domestic market continues to be cold, the contradiction between supply and demand in the market is increasing, and the offer of the industry continues to fall. As of July 31, the average ex factory price of butanone had dropped to 6066.67 yuan / ton, down 967 yuan / ton or 13.74% compared with July 1.

 

Since August, the overall low-level fluctuation operation of butanone Market

 

The market continued to fall in July, which gave insufficient support to the market in August. Since the beginning of August, the atmosphere of inquiry in the butanone market was general, and the downstream off-season was even weaker. The operators kept a cautious attitude and expected the price of butanone to fall. The market has always maintained weak consolidation, and downstream procurement is not active. On August 7, some dealers in the secondary market made a small offer of 100 yuan / ton, which had little impact on the overall market. The market trading atmosphere was even colder affected by the parking of butanone downstream in Hubei Province. A few days later, the market offer fell again. As of August 13, the reference price of butanone in South China was 6200-6300 yuan / ton; that in East China was 6000-6100 yuan / ton; in North China, the reference price of butanone was 6000-6100 yuan / ton The reference factory price of ketone is 5700-5800 yuan / ton.

 

Price quotation of butanone in some areas of China (for reference only)

 

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Regional product specifications up and down 8 / 1 8 / 13

South China butanone purified water delivery: 6350 yuan / ton: 6250 yuan / ton – 100 yuan

East China butanone purified water storage 6150 yuan / ton 6100 yuan / ton – 50 yuan

North China butanone purified water delivery 5700 yuan / ton 5700 yuan / ton

Demand is likely to weaken again. In late August, the butanone market may encounter a slight negative drop

 

On the current market, butanone market demand is difficult to boost in a short time, and the downstream demand loss of butanone in Hubei is relatively large The unexpected parking time may be extended to the end of the year, and the provinces in East China have also launched strict safety inspection. Therefore, it is expected that the downstream demand for butanone will continue to reduce in late August, and the factory quotation will be more difficult to stabilize. Under the weak trend, it is expected that the market will mainly fluctuate and adjust in late August, and the sales pressure will be greatly increased, and the lower offer of the factory may increase.

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