The price of ortho xylene drops after the holiday

According to the Commodity Market Analysis System of the Business Society, as of October 8th, the price of ortho xylene was 8700 yuan/ton, a decrease of 500 yuan/ton or 5.43% compared to the 9200 yuan/ton price of ortho xylene on October 1st. During the Double Festival period, crude oil prices significantly decreased, mixed xylene prices fluctuated and fell after the festival, and the cost of orthoxylene decreased; The downstream market for phthalic anhydride has declined, resulting in weak demand for ortho xylene and a decrease in costs. The price of ortho xylene has fluctuated and decreased after the holiday.

After the holiday, the market for raw materials mixed with xylene fluctuated and fell

According to the market analysis system of mixed xylene products in the Business Society, as of October 8th, the price of mixed xylene was 8200 yuan/ton, a decrease of 3.42% compared to the price of mixed xylene of 8490 yuan/ton on October 1st. During the Double Festival period, crude oil prices significantly decreased, mixed xylene prices fluctuated and fell, and raw material costs decreased. After the festival, the downward pressure on adjacent xylene prices increased.

Downstream phthalic anhydride market fluctuates and falls after the holiday

According to the market analysis system for phthalic anhydride products in the Business Society, as of October 8th, the quotation for neighboring phthalic anhydride was 8600 yuan/ton, a decrease of 1.29% compared to the price of 8712.50 yuan/ton on October 1st. During the Double Festival period, crude oil prices plummeted, the phthalic anhydride market operated cautiously, terminal demand remained cold, and downstream procurement enthusiasm was poor. After the festival, the price of phthalic anhydride fluctuated and fell.

Future prospects

Analysts from Business Society’s adjacent xylene data believe that during the Double Festival, crude oil prices plummeted, mixed xylene prices fluctuated and fell after the festival, and the cost of raw materials for adjacent xylene decreased; After the holiday, the price of phthalic anhydride fluctuated and fell, and downstream demand for phthalic anhydride was weak. In the future, both the upstream and downstream markets of the ortho benzene industry chain have declined, and the cost of ortho benzene has decreased. The demand for ortho benzene is weak, and it is expected that ortho benzene prices will fluctuate and fall in the future.

The price of plasticizer DOTP skyrocketed after the holiday

According to the Commodity Market Analysis System of the Business Society, as of October 7th, the price of DOTP was 12241 yuan/ton, an increase of 5.43% compared to the price of DOTP on October 1st, which was 11610 yuan/ton. After the holiday, the price of isooctanol surged, coupled with an increase in downstream customer restocking, resulting in a significant increase in DOTP prices.

The price of isooctanol has significantly increased after the holiday

According to the Commodity Market Analysis System of the Business Society, the price of isooctanol on October 7th was 12360 yuan/ton, an increase of 2.83% compared to the price of isooctanol on October 1st, which was 12020 yuan/ton. During the holiday period, plasticizer manufacturers actively purchased, coupled with downstream restocking of isooctanol after the holiday, resulting in an increase in demand for isooctanol and a significant increase in the price of isooctanol after the holiday.

Future expectations

Business Society plasticizer product data analysts believe that during the Double Festival period, downstream customers of isooctanol actively purchase, and after the festival, plasticizer enterprises replenish their inventory, resulting in a significant increase in isooctanol prices; Crude oil prices plummeted, and PTA prices followed suit after the holiday. Overall, the price of raw materials for plasticizer DOTP has significantly increased, coupled with downstream customer restocking of plasticizers, leading to an increase in demand for plasticizers. It is expected that the price of plasticizer DOTP will rise significantly in the future.

Price trend

After the domestic POM market rose in September, it remained stagnant, and spot prices often rose. According to the Commodity Market Analysis System of Business Society, as of September 30th, the mixed price of domestic POM was 15050 yuan/ton, a decrease of+3.97% compared to the price level at the beginning of the month.

Cause analysis

In terms of raw materials:

According to the analysis system chart of the commodity market of the Business Society, the formaldehyde market prices in Shandong region were weak and consolidated in September. The raw material methanol market first fell and then rose. Formaldehyde manufacturers started operating normally, while downstream panel factories mainly maintained rigid demand. Production enterprises had high shipping pressure, and formaldehyde mainly fluctuated with raw material fluctuations, but the fluctuations were relatively small.

On the supply side:

In September, the maintenance and resumption of domestic POM devices were mutually reinforcing, and the overall operating rate decreased. At the beginning of the month, the industry load was close to 80%, but in the latter half of the month, it dropped to below 63%, and at the end of the month, it rebounded to 69%. In terms of supply, the inventory position within the month is still acceptable, and most enterprises have no inventory pressure. In the second half of the month, the impact of lower profit margins from the industry dragged down the profit space of the aggregated enterprise. The supply side’s support for POM spot goods is first strong and then loose.

In terms of demand:

Since September, the construction level of downstream POM enterprises in China has not been high. In the early days, there was still a tight supply of goods, but on the eve of the Double Festival, the company gradually completed its stocking. In addition, the buyer’s acceptance of the POM price has decreased after the increase, and the order volume has gradually contracted, resulting in a weakening of the on-site trading situation. Overall, the level of spot price support for POM on the demand side has declined.

Future Market Forecast

After the POM market rose in September, it entered a consolidation market. The operating rate of domestic polymerization plants has been reduced, and the tight supply of goods on site has been maintained. Supplier support for spot goods is still acceptable. On the demand side, terminal enterprises enter holiday arrangements after stocking up before holidays, resulting in a decline in operating rates. The purchasing operation has shifted from chasing prices to being cautious, and resistance towards high priced sources has gradually increased. At the end of the month, there was a lack of trading on the market, and the actual profit margin of traders increased. Overall, at the end of September, the supply side and demand side played a long short game, and it is expected that the POM market will continue to consolidate in early October.

1、 Price trend

According to the Commodity Market Analysis System of the Business Society, as of September 22, the average price of refrigerant R22 was 21500.00 yuan/ton, an increase of 1.90% compared to the initial price of 21100.00 yuan/ton at the beginning of the month and an increase of 17.27% compared to the same period last year

According to the Commodity Market Analysis System of Business Society, as of September 22, the average price of refrigerant R134a was 26000.00 yuan/ton, an increase of 4.98% compared to the beginning of the month price of 24766.67 yuan/ton, and an increase of 1.30% compared to the same period last year.

2、 Market analysis

This week, the domestic price of chloroform continued to rise, rising by 9.31% during the week. The overall price of hydrofluoric acid remained stable and advanced, while the upstream raw material cost of R22 continued to rise. The remaining quota quantity of enterprises was generally low, and the domestic downstream demand was relatively stable. The market supply and demand entered a stalemate, and the overall domestic R22 market price remained stable and advanced this week.

Supported by the rebound in demand for foreign trade orders, the domestic R134a price continued to rise in September. With the stabilizing trend of domestic hydrofluoric acid prices, downstream trading entities in China are more cautious in demand, and the market supply and demand game shows that the overall domestic R134a price remained stable and advanced this week.

In terms of raw materials, the domestic price of hydrofluoric acid has rebounded from the bottom and remained stable overall. A slight increase in raw material costs will provide some support for the future refrigerant market prices.

3、 Future Market Forecast

Refrigerant analysts from Business Society believe that the cost of raw materials continues to rise, and manufacturers’ attitude towards price increases remains unchanged. In the short term, there is still some room for domestic refrigerant R22 and R134a prices to rise. Domestic traders have poor willingness to stock up, and downstream procurement is more cautious. The market supply and demand game is constantly intensifying, and the overall space for refrigerant prices to continue to rise is limited.

According to monitoring data from Business Society, as of September 21, 2023, the domestic market price of organic silicon DMC was set at 14920 yuan/ton. Compared with September 16 (organic silicon DMC reference 14760 yuan/ton), the price increased by 160 yuan/ton, an increase of 1.08%.

From the data monitoring chart of the Business Society, it can be seen that this week (9.15-9.21), the overall domestic silicone DMC market showed a slight upward trend. Since the beginning of September, the domestic organic silicon DMC market has continued to move upwards as a whole. As we enter this week, the overall focus of the organic silicon DMC market continues to climb slightly. At the beginning of the week, the organic silicon DMC of Shandong’s large factories remained stable at around 15000 yuan/ton. With the continuous increase in costs, the organic silicon DMC factories have strong confidence in the market, and some factories continue to narrow the increase in the price of organic silicon DMC, with an increase of around 100-200 yuan/ton. As the weekend approaches, Shandong’s major factories have seen a slight decline in their quotations, while other factories and suppliers have remained stable in their quotations. The overall silicone DMC market is still operating at a high level. As of September 21st, the domestic market price of organic silicon DMC is around 14800-15000 yuan/ton.

Prediction of the Future Trend of Organic Silicon DMC Market

At present, the trading atmosphere in the organic silicon DMC market is still good, with some orders scheduled for delivery and some downstream orders starting to digest raw materials. The overall market demand is stabilizing, and the organic silicon DMC data analyst at the Business Society believes that in the short term, the domestic organic silicon DMC market will mostly be on a high level for consolidation. The specific trend still needs to pay more attention to changes in supply and demand news.