Category Archives: Uncategorized

Analysis of Styrene Market on December 20

Styrene market prices fell today. The production price of styrene in Shandong was 8100.00 yuan / ton, down 2.99% from 8350.00 yuan / ton last Friday.

 

Styrene market fell today. Crude oil fluctuated weakly, raw material pure benzene continued to fall, styrene futures fell, bad mentality, and the overall negotiation atmosphere was light. Shandong Yuhuang 200000 ton plant was restarted on December 17 and is expected to be produced at the beginning of this week; CNOOC shell phase II will be shut down around December 13 and is expected to be overhauled for 15 days; Baling Petrochemical restarted 130000 tons last weekend, and the new unit Wanhua 650000 tons is planned to be sold this week. Lihuayi has not yet defined the production time. When the unit is restarted and the new unit is expected to be put into operation, the styrene supply pressure will increase, and the spot will follow the decline. Intraday shipment settlement and bargain hunting replenishment confrontation, most downstream markets do not buy and wait-and-see, and the market is weak. It is expected that the styrene market may still fall slightly in the short term.

 

The price of styrene in East China was reduced to around 8100 yuan / ton. The price in Northeast China is around 7600-7650 yuan / ton, and that in South China is around 8300-8350 yuan / ton.

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The market price of polybutadiene rubber decreased slightly (12.10-12.17)

This week (12.10-12.17), the market of polybutadiene rubber fell slightly. According to the monitoring of business society, as of December 17, the domestic price of polybutadiene rubber was 14820 yuan / ton, down 1.46% from 15040 yuan / ton last Friday.

 

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This week (12.10-12.17), the ex factory price of CIS polybutadiene rubber of domestic enterprises was stable. According to the monitoring of business society, as of December 17, the ex warehouse price of Daqing Shunding of CNPC Northeast sales company was 14600 yuan / ton. The market offer was slightly adjusted this week and fell as a whole.

 

Butadiene prices continued to fall sharply this week, with serious drag on the cost side. According to the monitoring of business society, as of December 17, the price of butadiene was 4622 yuan / ton, down 14.55% from 5410 yuan / ton at the beginning of the week.

 

The natural rubber market rebounded slightly this week, mainly affecting CIS polybutadiene rubber. According to the monitoring of business agency, as of December 17, the price of natural rubber was 13640 yuan / ton, up 1.91% from 13384 yuan / ton last Friday.

 

Future forecast: business analysts believe that, on the one hand, raw butadiene continues to fall sharply, on the other hand, the supply and demand of the industrial chain weakens. Overall, it is expected that the price of polybutadiene rubber will continue to be weak in the later period.

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On December 16, the price of cryolite was temporarily stable

Trade name: cryolite

 

Latest price (December 16): 7275 yuan / ton

 

Key points of analysis: the average production price of cryolite in Henan today is flat compared with yesterday, and the market is firm and stable. The operating rate of upstream raw materials increases, the cost pressure of cryolite decreases, and the shortage of raw materials is slightly alleviated. However, affected by winter heating, enterprises limit production, and the output is still not high. The enterprise quotation is mainly high, and the downstream demand is OK. In terms of market supply, the cryolite market remains mainly high.

 

Future forecast: cryolite market will remain stable in the short term

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Wait and see acetic acid Market on December 15

Trade name: acetic acid

 

Latest price (December 15): 6170 yuan / ton

 

Key points of analysis: the domestic acetic acid market is dominated by wait-and-see operation. There is no pressure on the inventory of acetic acid enterprises. The supply of goods in the market is sufficient. The downstream purchase is mainly needed. The on-site trading is OK. Individual enterprises ship smoothly and the quotation rises slightly. At present, the market supply and demand basically maintains a balance. In the later stage, acetic acid maintenance manufacturers in East China may resume production. At present, the industry holds a wait-and-see attitude towards the market.

 

Future forecast: the short-term acetic acid market fluctuates slightly, finishing and running, and paying attention to the market supply.

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On December 14, the sulfur market was mixed

Trade name: sulfur

 

Latest price (December 14): 1956.67 yuan / ton

 

Key points of analysis: according to the price monitoring of business society, refineries in various regions in China today have different performances, and the sulfur market is mixed. The price of solid sulfur in Shandong has increased by 20-50 yuan / ton, and the price of liquid sulfur has decreased by 70-80 yuan / ton, while the performance of solid sulfur in East and North China is stable. The price of liquid sulfur has decreased by 50-80 yuan / ton in East China and 60 yuan / ton in North China. Domestic refineries have sufficient inventory and average downstream demand. Sulfuric acid is not actively purchased in the market. In addition, the increase of imported liquid sulfur has impacted the domestic market, and the focus of liquid sulfur price has shifted downward. On the other hand, the progress of winter fertilizer storage market is slow, there are few new orders of phosphate fertilizer, and the terminal consumption does not support sulfur. The industry holds a wait-and-see attitude towards the future market.

 

Future forecast: the future sulfur market is in a stalemate, and pay attention to the downstream follow-up.

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