Terminal demand turns weak, hydrogen peroxide market declines

According to the data from the Commodity Market Analysis System of Business Society, starting from June, terminal demand has weakened and the hydrogen peroxide market has declined. On June 1st, the average market price of hydrogen peroxide was 933 yuan/ton. On June 14th, the average market price of hydrogen peroxide was 920 yuan/ton, a decrease of 1.43%.

 

Terminal demand turns weak, hydrogen peroxide market weakens

 

Since June, the terminal paper industry has weakened, with manufacturers purchasing less water for hydrogen peroxide and a decline in the hydrogen peroxide market. The overall quotation is 860-950 yuan/ton. Among them, the average market price of hydrogen peroxide in Shandong region is about 950 yuan/ton, with a price drop of 50 yuan/ton. The average market price of hydrogen peroxide in Hebei region is 860 yuan/ton, with a price drop of 40 yuan/ton. The average market price of hydrogen peroxide in Anhui region is about 950 yuan/ton, with a price drop of 30 yuan/ton.

 

Chemical analysts from Business Society believe that at the end of June, the demand for hydrogen peroxide terminals remained sluggish, and the future hydrogen peroxide market will be weak and decline.

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Tight spot supply and stable prices of polyester staple fibers

According to the Commodity Market Analysis System of Business Society, the domestic polyester staple fiber market remained stable on June 13th, with an average price of 1.4D * 38mm at 7696 yuan/ton, which is unchanged from the previous trading day. At present, traders have a shortage of spot goods and are reluctant to sell at high prices. In addition, short fiber factories in East China are changing their cotton production lines, resulting in a relatively tight supply of goods. The cost side support has weakened, and downstream wait-and-see sentiment is stronger, with primary demand for goods and less market transactions. It is expected that the short-term spot supply will tighten, providing support for the price of polyester staple fibers, and the price is relatively resistant to decline.

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The price of plasticizer DOP fluctuated and increased this week

The price of plasticizer DOP fluctuated and increased this week

 

According to the Commodity Market Analysis System of Business Society, as of June 11th, the price of plasticizer DOP was 10362.50 yuan/ton, an increase of 2.47% from the DOP price of 10112.50 yuan/ton on June 1st of the month. The price of plasticizer raw material phthalic anhydride remains strong and stable, while the price of isooctanol fluctuates and rises. The cost of plasticizer increases, and the profit of plasticizer DOP decreases. The production of plasticizer DOP enterprises decreases, and the supply of plasticizer DOP is sufficient.

 

The price of raw material isooctanol fluctuates and rises

 

According to the Commodity Market Analysis System of Business Society, as of June 11th, the quotation for isooctanol was 10140 yuan/ton, an increase of 2.42% compared to the quotation of 9900 yuan/ton on June 1st. This week, the price of isooctanol fluctuated slightly and rose. Since the domestic isooctanol market bottomed out in mid April, the price center of isooctanol has slowly shifted upwards. Isooctanol manufacturers are limited in quantity and reluctant to sell, while downstream customers have a strong demand for purchases, which provides significant support for the rise of isooctanol.

 

Future expectations

 

Business Society plasticizer product data analysts believe that the price of raw material isooctanol has fluctuated and risen this week, leading to an increase in the cost of plasticizer DOP. In the future, the supply of isooctanol will be tight, and the support for the price increase of isooctanol will still exist; The cost of raw materials has increased, downstream demand support has weakened, and the price of plasticizer DOP will fluctuate slightly in the future.

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Polyethylene fluctuates between gains and losses

According to the monitoring of the commodity market analysis system of Shengyishe, the domestic price of LLDPE (7042) was 8642 yuan/ton on June 3, and the average price on June 7 was 8628 yuan/ton, with a price drop of 0.17% during the period.

 

According to the monitoring of the commodity market analysis system of Business Society, the domestic price of LDPE (2426H) was 9962 yuan/ton on June 3, and the average price on June 7 was 10062 yuan/ton, with a price increase of 1.00% during the period.

 

According to the monitoring of the commodity market analysis system of Business Society, the domestic price of HDPE (5000S) was 8787 yuan/ton on June 3, and the average price on June 7 was 8762 yuan/ton, with a decrease of 0.28% in the quotation during this period.

 

The price of polyethylene has fluctuated this week. The quotation for high-voltage products is relatively strong, with prices showing an upward trend; Linear and low-voltage product quotations have weakened, with prices slightly rising towards the weekend. Supply: In May, the polyethylene plant was in a peak maintenance period, with a low on-site operating rate. Some product grades were affected by the previous shutdown and maintenance situation, resulting in tight supply and strong quotations. It is expected that the polyethylene parking and maintenance equipment will restart in June, with an increase in supply expectations. On the demand side, agricultural film enters the off-season of production; The operating rate of pipes has decreased; The overall follow-up of downstream orders is slow, with downstream rigid demand mainly being purchased and insufficient support for polyethylene. On the cost side, international crude oil prices have loosened, and polyethylene futures have been suppressed.

 

On June 7th, the polyethylene l2409 contract on the Dalian Commodity Exchange opened at 8528 yuan and closed at 8544 yuan, up 38 yuan, with a maximum of 8609 yuan and a minimum of 8523 yuan, up 0.45%. This week, polyethylene futures weakened first and rose slightly towards the weekend.

 

This week, petrochemical companies have a strong mentality of price support, with some varieties offering stronger prices and rising prices. Traders have slightly offered discounts to ship. Expected increase in supply side in June; The demand side is in the off-season, and the market demand is average; 4. In May, the price of polyethylene products continued to rise, and downstream resistance to high prices was strong. Market transactions were difficult to increase, and it is expected that polyethylene may fluctuate and weaken.

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Overview of Aniline Trends in May (May 1-May 31, 2024)

1、 Price trend

 

According to the commodity market analysis system of Shengyishe, the price of aniline fell first and then rose this month. At the beginning of the month, the price began to decline, and in the middle of the month, the price was relatively stable. After mid to late October, the price rebounded slightly, and at the end of the month, the price was relatively stable. On May 1st, the market price of aniline was 12292 yuan/ton; On May 31st, the price was 12145 yuan/ton. The average price of aniline this month decreased by 1.19% compared to the beginning of the month and increased by 11.29% compared to the same period last year.

 

2、 Analysis and Review

 

In terms of raw materials, the overall pure benzene market has been on the rise this month. 1、 Crude oil has seen a broad decline, but the cost side is insufficient. 2、 The arbitrage window of Asia US has closed, and the domestic price of pure benzene in China is low, resulting in a low import volume of pure benzene in May. And the overall supply of pure benzene in the market is insufficient. 3、 The downstream profitability is poor, and the price of styrene is in an upward trend, with a 1.53% increase compared to the beginning of the month. At the beginning of the month, the price of pure benzene was 8672 yuan/ton; At the end of the month, the price was 9120 yuan/ton, with a 5.16% increase compared to the beginning of the month and a 39.02% increase compared to the same period last year.

 

Nitric acid: The price of nitric acid rose first and then fell this month, with a slight increase before mid month and a slight decrease after mid month. At the beginning of the month, the price of nitric acid in East China was 1856 yuan/ton, and at the end of the month, it was 1830 yuan/ton. The price decreased by 1.4% compared to the beginning of the month and 9.98% compared to the same period last year.

 

In May of this year, the price of aniline increased slightly, with a slight decrease before mid month and a slight increase after mid month. The price remained relatively stable towards the end of the month.

 

3、 Future Market Forecast

At present, the inventory of aniline factories is low, with no shipping pressure, and there is not much room for short-term decline. In addition, pure benzene continues to be relatively strong, which may bring upward momentum to aniline. It is expected that domestic aniline will remain stable and relatively strong in the next cycle.

 

Pure benzene: Yesterday, news of the East China factory speculating on the Lai plant continued to drive up prices, while Shandong Refinery reported an increase in prices. After the price increase, the market followed up normally, but due to low inventory levels in multiple factories, actual transactions fell short of expectations. The night trading of pure benzene reached around 9380 yuan/ton, and due to the completion of delivery in May, it is expected that there is a high possibility of consolidation in the market today.

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