Product name: Titanium dioxide

Latest price on February 7th: 16583.33 yuan/ton

Key points of analysis: On February 7th, the domestic titanium dioxide market prices remained stable. At present, market trading is light, and as the Spring Festival holiday approaches, downstream and distributors are gradually taking a break. It is expected that the titanium dioxide market will remain stable in the short term, and the actual transaction price will remain unchanged.

Prediction: It is expected that the trend of titanium dioxide will remain stable in the short term, and the actual transaction price will remain unchanged.

Product Name: PVC

Latest price: 5566 yuan/ton

Analysis points: On February 6th, the PVC spot market prices fluctuated. Manufacturers have remained stable with some declines, and the trading atmosphere on the market has been light. Downstream processing enterprises have basically started their holidays, and dealer prices are relatively flexible. At present, the quotation for PVC SG5 is mostly around 5400-5800 yuan/ton. Downstream enterprises that have not yet taken holidays are buying on dips.

It is expected that the PVC spot market will temporarily stabilize and consolidate in the short term.

On February 5th, adipic acid remained stable in the East China region, and today’s price remained relatively stable compared to the previous weekend. Dealers often report high levels of exploratory behavior. The price of raw material pure benzene has stabilized and rebounded, with increased cost support. At present, the pressure on supply and demand is average, and manufacturers are still in the process of reducing inventory. Downstream pre holiday stocking is still ongoing, and supply and demand remain stable. Today, the mainstream market prices are: 9700-9850 yuan/ton for Shandong sources and 9800-9900 yuan/ton for Jiangsu sources.

In the future market forecast, Business Society predicts that there will still be support for the cost side, and the supply and demand of adipic acid will remain stable before the holiday, with prices mainly maintaining a narrow adjustment.

According to data monitoring by Business Society, as of February 4, 2024, the domestic market price of butanone was referenced at 7750 yuan/ton. Compared with January 31, 2024 (reference price of butanone was 7650 yuan/ton), the price increased by 100 yuan/ton, an increase of 1.31%.

From the monitoring chart of Business Society data, it can be seen that in the first two months of February, the overall domestic butanone market showed a slight upward trend. At present, there are still some factories downstream of butanone that are stocking up before the holiday, providing certain support to the market in terms of demand. The overall supply pressure of the butanone market is relatively small, and the supply and demand transmission of butanone is relatively stable. Some factories have good shipments, and the shipment price of butanone has been increased by about 100-200 yuan/ton. As of February 4th, the domestic market price of butanone is around 7500-7900 yuan/ton.

Market Forecast and Analysis of Butanone

Currently, the Spring Festival holiday is approaching, and with logistics shutdowns in many domestic regions, the trading atmosphere in the butanone market is gradually becoming quiet and mild. Business Society butanone data analysts believe that in the short term, the domestic butanone market will mostly operate steadily, with limited overall fluctuations in the market. The specific trend still needs to pay more attention to specific news changes on the supply and demand side.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, the price of baking soda has been consolidating this week, with an average market price of 2507 yuan/ton at the beginning of the week and 2506 yuan/ton at the end of the week, a decrease of 0.04% in price and a year-on-year decrease of 0.85% in price. On February 2nd, the baking soda commodity index was 166.33, unchanged from yesterday, a decrease of 29.47% from the highest point in the cycle of 235.84 points (2021-11-10), and an increase of 88.43% from the lowest point of 88.27 points on December 22, 2020. (Note: The cycle refers to the period from September 1, 2020 to present)

2、 Market analysis

According to the Commodity Analysis System of Business Society, the price of baking soda is consolidating and downstream markets are purchasing on demand in the near future. Currently, the price of baking soda in China is consolidating, with a mainstream market quotation of around 2200-2700 yuan/ton. According to the commodity analysis system of Business Society, the price of soda ash has been consolidating this week. The average market price at the beginning of the week was 2380 yuan/ton, and the average market price on the weekend was 2370 yuan/ton, a decrease of 0.42%, a decrease of 12.35% compared to the same period last year.

Analysts from Business Society believe that the recent consolidation of baking soda prices, the recent consolidation of upstream raw material soda ash, and the recent stocking of pharmaceutical, textile, and food downstream of baking soda before the Spring Festival, as well as demand based procurement, is a game of supply and demand. Overall, it is expected that the consolidation of baking soda prices will be the main trend in the later stage, depending on downstream market demand.