This week’s (12.9-12.16) trichloromethane market fluctuated slightly. According to the data of the business society, the trichloromethane market has fluctuated downward since December. As of December 16, the price of trichloromethane bulk water in Shandong was 2325 yuan/ton, up 0.54% from 2312 yuan/ton last Friday, and the cycle low was 2275 yuan/ton. There was no significant increase in demand for chloroform, the pressure on the supply side was slightly reduced, the factory price of enterprises fluctuated in a narrow range, and businesses adjusted slightly.

This week (12.9-12.16), the spot market of methanol fluctuated downward, and the cost of dichloromethane fell slightly. According to the business community, as of December 16, the spot price of methanol was 2655 yuan/ton, down 0.90% from 2680 yuan/ton last Friday, and the peak in the cycle was 2690 yuan/ton.

In the low consumption season, the weak refrigerant market price in the downstream is temporarily stable, the enterprise’s shipment is insufficient, the starting level is low, and the support for chloroform is weak.

Analysts from the methane chloride data of the business community believe that the pressure on the supply side is slightly reduced, the demand side is weak, and the cost side has a narrow fluctuation in the near future. It is expected that the trichloromethane market will fluctuate in a narrow range in the short term.

Ethylene glycol price bottom support strengthened

According to the data of the business community, the average price of domestic oil to ethylene glycol was 4058.33 yuan/ton on December 15, basically unchanged from the previous trading day. In terms of futures, the 24 day main contract eg2301 closed at 4101 yuan/ton, up 0.76%.

On December 15, the spot price of ethylene glycol in the East China market was basically stable, and the spot external executive price of mainstream manufacturers in East China remained 4050 yuan/ton; At the trade flow end, the spot negotiation price in Zhangjiagang market has slightly loosened. The spot negotiation price is around 4010 yuan/ton that week, and the forward spot contract is about 4020 yuan/ton in December.

On December 15, the external quotation of the mainstream ethylene glycol manufacturers in the South China market was basically flat, with the spot price of 4050 yuan/ton, and the downstream just needs to purchase mainly.

Recently, the market has stopped falling and stabilized, and the price has improved slightly, mainly based on the following factors:

1. On the news side of unplanned maintenance, the unplanned maintenance of ethylene glycol increased due to the large loss of domestic production profits. At present, the overall operating rate remains at a low level, while overseas operations are also low under the influence of poor efficiency.

2. The price of ethylene glycol dropped to a low level. At present, the price of ethylene glycol is relatively low, and the cost support is strengthened.

3. The Federal Reserve raised interest rates in line with expectations, crude oil rebounded slightly recently, and cost support was further strengthened.

The main reasons for the lack of space are:

1. The inventory has risen. There are many ships arriving at the port. According to the inventory data, there is a phenomenon of accumulation.

2. The downstream demand has entered a seasonally weakening stage. As the holiday approaches, the terminal weaving factory will reduce production and operate. The operating load of polyester is not high, and the demand for ethylene glycol is relatively low.

According to the bulk list data of business cooperatives, the average price of domestic industrial lithium hydroxide enterprises was 563333.31 yuan/ton as of December 14, down 2.31% compared with the price on Friday (December 9).

Recently, the domestic industrial lithium hydroxide market declined. At present, the lithium hydroxide market is dominated by long-term transactions, the downstream purchase intention of the spot market is weak, and the overall market turnover is light. In addition, due to the weak trend of lithium carbonate in the upstream, the quotation of lithium hydroxide enterprises is lowered.

The upstream lithium carbonate, according to the data monitoring of the business community: on December 13, the reference price of lithium carbonate industrial grade was 552000.00, a decrease of 3.33% compared with December 1 (571000.00).

The lithium hydroxide analysts of the business community believe that the current cost support is limited, the supply side is temporarily stable, the enthusiasm for receiving goods at high prices in the downstream is reduced, and the market is cautious. It is expected that in the short term, the domestic lithium hydroxide market will be mainly stable and weak, and more attention should be paid to the impact of upstream lithium carbonate prices.

According to the monitoring data of the business community, as of December 13, the average price of propylene oxide enterprises was 9162.50 yuan/ton, 1.38% higher than that of last Tuesday (December 6), and 0.27% higher than that of December 1.

Recently, the epoxy propane market has risen slightly. From the perspective of cost: recently, the price of raw propylene market has stopped falling and risen, and the cost support has turned from weak to strong. From the perspective of supply and demand: in the early stage, the supply side devices were mainly stable, the inventory was slightly accumulated, the downstream demand was flat, and the market was weak. At the end of last week, the supply side devices fluctuated for a short time, and the downstream part followed up. The factory shipments rebounded, the inventory pressure was reduced, and the price rose. On the 13th, the mainstream quotation of the propylene oxide market in Shandong was around 8650-8800 yuan/ton.

On December 13, the upstream propylene market price in Shandong rose. On December 12, the reference propylene price was 7430.60, down 3.38% compared with December 1 (7690.60).

The propylene oxide analysts of the business community believe that at present, the raw propylene is running strongly, the cost support is improving, the factory shipment is OK, and the demand side is waiting to follow up. It is expected that the propylene oxide market will run stably and strongly in the short term, so more attention should be paid to the market news guidance.

According to the monitoring of the business community, the domestic methanol market was in shock. From December 5 to 12 (as of 15:00 p.m.), the average price of East China ports in the domestic methanol market rose from 2670 yuan/ton to 2690 yuan/ton. During the cycle, the price rose 0.75%, fell 3.15% month on month and rose 5.91% year on year. The main reason is supply and demand. In terms of supply, most production enterprises focus on de stocking, and traditional downstream enterprises also have early parking performance, resulting in weak overall demand performance.

As of the closing of December 12, methanol in Zhengzhou Commodity Exchange rose. The main methanol futures contract 2301 opened at 2489 yuan/ton, the highest price was 2540 yuan/ton, the lowest price was 2477 yuan/ton, and closed at 2527 yuan/ton, up 34, or 1.36%, from the previous trading day. The trading volume was 1307300, the position was 725618, and the daily increase was -169252.

As of 12.12, the summary of methanol market prices in various regions:

Region./Price

Shanxi Province/2230-2250 yuan/ton

Liaoning Province./2400-2550 yuan/ton or so

Anhui Province./About 2550-2580 yuan/ton

Henan Province./2470-2570 yuan/ton

In terms of cost, the price of raw coal has risen slightly, and the price of natural gas has stabilized. With the arrival of the “cold wave”, the demand side of steam coal is expected to be released, and the actual supply of goods in northern ports is relatively scarce. Ensuring stable supply in winter is the focus of the market. In the short term, the price of steam coal may fluctuate slightly. The cost of methanol is favorable.

Demand side, downstream acetic acid: Jiangsu Sopu resumed production, but Celanese planned to overhaul for one week on December 11, and the demand for acetic acid may be limited; MTBE demand may change little. There is no significant change in methanol demand.

On the supply side, the total amount of physical examination and repair is greater than the recovery amount, the capacity utilization rate decreases, and the methanol supply side has a good profit.

In terms of external market, as of December 9, the closing price of CFR Southeast Asia methanol market was 362.0-363.0 US dollars/ton, up 6.5 US dollars/ton. US Gulf Methanol Market closed at 86.75-87.75 cents/gallon; FOB Rotterdam methanol market closed at 301.50-302.50 euros/ton, up 1 euro/ton. The price of the external market rose, and the deposit interest was good.

Region./Country./Closing price./Up and down

Asia./CFR Southeast Asia./362.0-363.0 USD/ton./6.5 USD/ton

Europe and America./American Gulf./86.75-87.75 cents/gallon./0 cents/gallon

Europe./FOB Rotterdam./301.50-302.50 euro/ton./1 euro/ton

It is predicted that the cost side of methanol will be supported, but the supply side will not decrease and the demand side will not change much. Methanol analysts from the business community predict that the domestic methanol market may be dominated by weak ones.