The acrylic acid market has been operating weakly recently. According to the Commodity Market Analysis System of Business Society, as of June 24th, the average quoted price of acrylic acid in East China was 6800.00 yuan/ton, a decrease of 0.91% compared to last Tuesday (June 18th).

Cost side:

According to the commodity market analysis system of Shengyishe, the downward trend in raw material propylene prices in the past week has weakened support for the acrylic acid market.

Supply and demand side:

In recent times, the supply side of the acrylic acid market has shown some support, but the demand side has dragged down the market. Downstream buyers mainly choose to buy at low rigid demand, with a cautious attitude towards purchasing high priced raw materials. Some companies are offering discounts to promote transactions, and the focus of negotiations in the acrylic acid market is stable, with a downward trend.

Future Market Forecast:

According to the acrylic acid analyst from Business Society, the current downstream demand in the market is generally followed up, with small orders being bought on demand. The market trading atmosphere is flat, and holders are actively shipping. It is expected that the acrylic acid market may be weak in the short term, and more attention should be paid to market news guidance.

This week, the price of plasticizer DOP stopped falling and rebounded

According to the Commodity Market Analysis System of Shengyishe, as of June 21, the price of plasticizer DOP was 10112.50 yuan/ton, a fluctuation decrease of 1.34% compared to the DOP price of 10250 yuan/ton on June 14; Compared to June 19th, the price of DOP has increased by 0.12%. The market for plasticizer raw material phthalic anhydride has stopped falling and stabilized, while the price of isooctanol first fell and then rose. The cost of plasticizers has stabilized, and this week the price of plasticizers has rebounded.

This week, the price of raw material isooctanol stopped falling and rebounded

According to the Commodity Market Analysis System of Shengyishe, as of June 21, the price of isooctanol was 9910 yuan/ton, a fluctuating decrease of 1.29% compared to the price of isooctanol on June 14, which was 10040 yuan/ton; The price of isooctanol has increased by 0.10% compared to 9900 yuan/ton on June 20th. This week, the price of isooctanol has stopped falling and rebounded. Downstream factories are facing difficulties in sales, and companies have average enthusiasm for raw material procurement. Shandong’s large factories have average shipments, while the price of isooctanol has declined narrowly, with downstream purchases mainly focused on small orders. Isooctanol manufacturers have poor shipments, and downstream customers have a strong demand for purchases, weakening the support for the rise of isooctanol.

This week, the price of raw material phthalic anhydride has stopped falling and stabilized

According to the commodity market analysis system of Shengyishe, the domestic market price trend of ortho phthalic anhydride has stopped falling and stabilized this week. As of June 21, the quoted price of ortho phthalic anhydride was 8062.50 yuan/ton, a decrease of 0.15% compared to the price of 8075 yuan/ton on June 14; Compared to the beginning of the month, the price of 8187.5 yuan/ton has decreased by 1.53%. The domestic quotation for ortho phthalic anhydride is 7800-8100 yuan/ton for factory delivery, while the domestic quotation for ortho phthalic anhydride is 7300-7600 yuan/ton for factory delivery. The operating rate of domestic phthalic anhydride is around 60%, and the spot supply of phthalic anhydride is stable. The purchasing situation of phthalic anhydride manufacturers is average. This week, the price of industrial naphthalene first fell and then stabilized. The market for naphthalene based phthalic anhydride is weak and stable, while the market for ortho benzene is stable. The market for ortho benzene based phthalic anhydride has slightly declined and then stabilized. This week, the market for phthalic anhydride has stopped falling and stabilized.

Future expectations

Business Society plasticizer product data analysts believe that this week, the price of raw material isooctanol has stopped falling and rebounded, the price of phthalic anhydride has stopped falling and stabilized, and the cost of plasticizer DOP has rebounded and adjusted; Downstream manufacturers are expected to rise, while demand for plasticizers is expected to rebound. In the future, the price of isooctanol has stopped falling and rebounded, the price of phthalic anhydride has stabilized, raw material costs have increased, downstream demand is expected to rebound, and the price of plasticizer DOP will fluctuate and rise in the future.

Aluminum prices fell in June and have recently begun to stabilize. According to the Commodity Market Analysis System of Business Society, the average price of domestic aluminum ingots in the East China market on June 20, 2024 was 20463.33 yuan/ton, a decrease of 3.73% compared to the market average price of 21256.67 yuan/ton at the beginning of the month (June 1).

This week’s data shows that aluminum prices have stopped falling and stabilized, rebounding by 0.34%.

The price increase driven by cost and macro factors in the early stage is basically offset, and the sentiment in the aluminum ingot market is gradually returning to its original state. On the one hand, there is an expectation of volume increase on the supply side; Due to the steady resumption of production by Yunnan aluminum enterprises, the domestic electrolytic aluminum production capacity is at a relatively high level, with a monthly month on month increase of 300000 tons. On the other hand, on the demand side, there is a downward trend in the operating rate of aluminum rods. Coupled with market demand, there are not many new orders for photovoltaic modules and building profiles, which are lower than expected. There is a certain degree of mismatch between supply and demand, coupled with the strong fear of high prices in the market after the previous price increase, aluminum prices experienced a significant pullback in June. Recently, due to falling to the market game level and high aluminum prices outside Shanghai, the export window has opened, and the market has experienced a stabilization of the decline. It is expected that there is a high probability of continuing to improve in the short term.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average price of ammonium sulfate in the domestic market on June 18th was 1033 yuan/ton, which is 961 yuan/ton higher than the average price on June 10th. The price of ammonium sulfate in the domestic market has increased by 7.45%.

2、 Market analysis

In mid June, the price of ammonium sulfate in China has significantly increased. The enterprise has stable production and sufficient market supply. Downstream procurement enthusiasm has increased, and market inquiries have increased. The rise in international market prices is beneficial for the domestic ammonium sulfate market. As the price of ammonium sulfate continues to rise, downstream customers are beginning to cautiously accept goods, and the upward trend of ammonium sulfate is slowing down. As of June 18th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1045 yuan/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region is around 1030-1070 yuan/ton.

3、 Future Market Forecast

According to analysts from Business Society, the upward momentum of the ammonium sulfate market has slowed down recently, and the price of ammonium sulfate has adjusted narrowly. At present, there are still positive factors, but downstream caution has increased. It is expected that the domestic ammonium sulfate price will mainly fluctuate, consolidate and operate in the short term.

The price of isooctanol fluctuated and fell this week

According to the Commodity Market Analysis System of Business Society, as of June 14th, the price of isooctanol was quoted at 10040 yuan/ton, a fluctuation of 1.18% compared to the price of isooctanol on June 7th at 10160 yuan/ton. This week, the price of isooctanol has fluctuated and fallen, and downstream factories are facing difficulties in sales. Enterprises have average enthusiasm for raw material procurement. Shandong’s large factories have average shipments, while the price of isooctanol has declined narrowly, with downstream purchases mainly focused on small orders.

This week, the price of raw material propylene rose first and then fell

According to the propylene commodity market analysis system of Shengyishe, as of June 14th, the propylene price was quoted at 6993.25 yuan/ton, an increase of 1.14% compared to the fluctuating price of 6914.6 yuan/ton on June 7th; The price of propylene decreased by 0.21% compared to 7008.25 yuan/ton on June 12th. Crude oil prices fluctuate and consolidate, while propylene cost support still exists. This week, propylene prices first rose and then fell; Downstream production of propylene has decreased, downstream customers have just needed to purchase, propylene manufacturers have average shipments, the supply and demand of propylene market are weak, and propylene prices are fluctuating and consolidating.

Downstream plasticizer prices have fluctuated and fallen this week

According to the Commodity Market Analysis System of Shengyishe, as of June 14th, the price of plasticizer DOP was 10250 yuan/ton, a fluctuation decrease of 1.44% compared to the DOP price of 10400 yuan/ton on June 7th. The market for plasticizer raw material phthalic anhydride has declined, the price of isooctanol has fluctuated and fallen, the cost of plasticizers has decreased, plasticizer DOP enterprises are operating steadily, and the supply of plasticizer DOP is sufficient. Downstream construction is expected to rise, while demand is expected to rebound. The support for the rise of plasticizers still exists.

Future expectations

According to analysts from Business Society’s octanol product data, in terms of cost, the price of propylene first rose and then fell, while the cost support for isooctanol still exists; On the supply side, iso octanol manufacturers have low inventory and average shipments; In terms of demand, downstream plasticizer product prices of isooctanol have fluctuated and fallen, and downstream demand is expected to rebound in the future. Overall, the tight supply and demand for isooctanol are expected to rebound, while cost support remains. It is expected that the price of isooctanol will consolidate strongly in the future.