Adipic acid market trend chart

According to the monitoring of the business community, this week (8.9-12), the domestic price of caprylic acid was stable. After the high decline in mid and late July, the current price stabilized and the market fluctuation was not strong. In addition to the negative impact caused by the decline in cost, the lack of improvement in demand was also the main factor restricting the development of the market. According to the monitoring of business agency, adipic acid in East China increased by only 0.28% this week. At present, the price range of adipic acid is 10700-11000 yuan / ton.

In terms of market supply, adipic acid manufacturers’ devices are generally normal this week, maintaining a high operating rate. The manufacturer’s inventory has been reduced and cleared in the early stage. At present, the inventory pressure is normal, but the current market demand is still weak, and the delivery speed of enterprises has decreased significantly. From the perspective of dealers, although the manufacturer’s inventory pressure is balanced, the market inventory pressure is still large. The market is in the process of de inventory, and some dealers mainly sell goods at a profit.

Trend chart of pure benzene Market

In terms of cost, pure benzene has been declining since August. As of August 12, pure benzene has fallen by 7.96% this month. While the cost pressure has been relieved, the price of adipic acid also reflects certain advantages. The manufacturer’s profit has been significantly improved compared with the previous period. Compared with the upstream pure benzene market, adipic acid has a relatively strong performance.

PA66 market trend chart

Terminal demand: from the downstream PA66 of adipic acid, PA66 is still hovering at the bottom. Since April, PA66 has entered the downstream channel. The off-season effect is obvious. The price has rebounded slightly this month, but the range is limited. According to the monitoring of business society, PA66 has increased slightly by 0.26% as of August 12. The weak downstream demand has an obvious impact on adipic acid.

In the later stage, the business society believes that the continuous decline of pure benzene may pave the way for the decline of adipic acid price in the later stage, especially under the background of no improvement in demand, it is possible for enterprises to reduce prices and ship goods. It is expected that the adipic acid price will remain stable in the near future, and the possibility of price decline will not be ruled out in the medium and long term.

According to the data monitored by the business community, as of August 11, the average price of PMMA of domestic general transparent superior products was 17050.00 yuan / ton, the overall market maintained a stable operation, the quotation range of mainstream manufacturers maintained about 17000 yuan / ton, the focus of negotiation was stable, the downstream just needed to purchase, and maintained a stable trend in the short term.

The domestic PMMA operates smoothly as a whole. Compared with the same period last week, there is no significant change in the price. The contract customers are the main customers, the transaction atmosphere is general, the downstream just needs to purchase, the negotiation atmosphere is flat, the supply of spot goods by some manufacturers is tight, and the upstream MMA operates smoothly, mainly just needs to purchase, with real orders and real negotiations.

PMMA analysts of business agency believe that PMMA market will be sorted and operated in the short term（ If you want to get more information about goods and master the price of goods, you can subscribe to the business community through the official account of the business community.

According to the data monitored by the business society, the PP market was generally weak in early August, and the spot prices of various brands fell. As of August 10, the mainstream offer price of T30S (wire drawing) from domestic manufacturers and traders was about 8333.33 yuan / ton, a decrease of 1.77% compared with the average price at the beginning of the month and an increase of 4.60% year-on-year.

Cause analysis

The domestic (Shandong) market of PP upstream propylene was under pressure in early August, and the price continued to decline. As of the 10th, the market was 7645.82 yuan / ton, down 2.29% from the 1st. In terms of international crude oil, crude oil prices fell sharply due to the slowdown in demand caused by delta virus, further amplification of concerns, and concerns about oversupply caused by the increase in production in oil producing countries. Propylene prices fell, the market bearish mentality was strong, and the downstream demand was ok, but the negative impact of cost was strong, and the demand support was weak. At present, the cost of propylene dominates the market, and crude oil is bearish in the future. It is expected that the propylene market will maintain a weak downward trend.

The price of upstream propylene fell, and the cost side support of PP weakened recently. In terms of industrial operation rate, there are currently resumption devices in China to resume production. In addition, the new production capacity has not been started. At the same time, the domestic drawing PP material inventory has also increased, and the market supply shows an increasing trend. In terms of demand, the follow-up is weak, and the purchase operation of downstream factories is just in demand, focusing on maintaining production. The atmosphere in the venue has not yet got rid of the off-season color, and the spot price is under pressure.

In terms of fiber materials, according to the data monitored by the business society, as of August 10, the mainstream offer price of domestic manufacturers and traders Z30S (fiber) was about 8483.33 yuan / ton, a decrease of 0.39% compared with the average price at the beginning of the month and an increase of 8.53% year-on-year. Domestic fiber PP spot fell slightly in the first ten days, and the recent production scheduling accounted for more than 12%, but increased to a certain level compared with the end of the month. At present, the demand for fiber PP is general, and the price of main downstream non-woven fabrics is stable in the first ten days, stable at around 11000 yuan / ton. There is no large-scale demand for end consumer goods, the market is weak and consolidated, and the outlook is mostly stable.

In terms of melt blown materials, the melt blown PP market increased in the first ten days, and I heard that the spot offer price in the field increased. As of August 10, the average quotation of domestic meltblown material sample enterprises monitored by business society was about 9566.67 yuan / ton. At present, the impact of health events has expanded, the international demand for epidemic prevention has increased, and the orders of downstream melt blown cloth have begun to increase. In the early stage, due to the high market saturation of domestic melt blown cloth products, there are few devices still in production in China. At the same time, it also makes the market normally feed back the impact of increased demand. It is expected that the price of melt blown PP may continue to be strong.

Future forecast

PP analysts of business society believe that the overall shock of domestic polypropylene market in early August is weak, and the trend of spot price is different. The demand level of downstream enterprises is still not high, and the operation of hoarding goods in advance for the traditional peak season in September has not been heard. The supply of high priced goods in the venue is under pressure, and businesses prefer to sell goods at a profit. The upstream propylene market followed the decline of crude oil, and the cost side support of PP weakened. The market mentality is general, and it is expected that the PP price may continue the weak consolidation pattern in the short term.

1、 Trend analysis

As shown in the figure above, the copper price fell slightly on August 9. The spot copper quotation was 69641.67 yuan / ton, down 0.21% from 69785 yuan / ton on the previous trading day, up 20.17% from the beginning of the year and 35.26% year-on-year.

On Friday, the non-agricultural data strengthened more than expected. The market raised the expectation of the Federal Reserve taper, which made the US dollar index strengthen sharply, put pressure on copper prices, and copper fluctuated downward the next week. Although the recent disturbance of copper mine continues, the weekly inventory in the previous period stopped denaturing, the domestic inventory increased instead, and the Federal Reserve taper is expected to increase, so it is difficult for copper prices to have a bright performance. The strike in South America is still pending, and the scope of power rationing in Southwest China is expanded. However, the state still emphasizes ensuring supply and stabilizing price, and the short-term rise and fall of copper price is expected to be limited.

1、 Price trend

According to the bulk data monitoring of business agency, as of August 6, the average price of refrigerant R22 was 16333.33 yuan / ton, up 1.03% compared with the beginning of the week, down 2.78% month on month and 2% compared with the same period last year

According to the bulk data monitoring of business society, as of August 6, the average price of refrigerant R134a was 20500 yuan / ton, down 0.81% compared with the beginning of the week, down 7.87% month on month, and up 24.24% compared with the same period last year.

2、 Market analysis

The market price of refrigerant R22 rose this week, and enterprises increased by about 200-500 yuan, shifting the focus upward. During the week, the raw material hydrofluoric acid operated steadily, while the price of methane oxide continued to decline, with a decline of about 12% during the week, and the cost support decreased. However, supported by the quota, the quotation of mainstream manufacturers was strong, which led to the overall rise of the market. There was a strong willingness to support the market by supporting the price, and the negotiation space was limited. At present, the market price of R22 is mostly in the range of 16000-16500 yuan / ton, about 16000-16500 yuan / ton in Shandong, about 16000-16500 yuan / ton in Zhejiang, about 16000-16500 yuan / ton in Hunan and about 16000-16500 yuan / ton in Guangzhou. The prices in various places are rising steadily.

This week, the refrigerant R134a market was stable and weak, and the price fell slightly. The raw material hydrofluoric acid operated stably in the week, the cost support was general, and the demand side continued to be poor. The cargo holders offered profits to ship goods for good, the sales pressure increased, and the profit was poor. For example, Dongyue chemical still did not restore the startup state, and the operators were more bearish on the future market. At present, the R134a market quotation is mostly in the range of 19500-23000 yuan / ton, about 19000-21000 yuan / ton in Zhejiang, about 19000-19500 yuan / ton in Hunan and about 20000-21000 yuan / ton in Guangzhou. The prices in various places are stable.

region R22 (yuan / ton) R134a (yuan / ton) date

Zhejiang region 16000-16500 19000-21000 August 6th

Shandong region 16000-16500 19800-21000 August 6th

Guangzhou area 16000-16500 20000-21000 August 6th

Hunan region 16000-16500 19000-19500 August 6th

In terms of raw materials, the price trend of domestic hydrofluoric acid was temporarily stable in July. Up to now, the mainstream price negotiated in various regions of domestic hydrofluoric acid is 9500-9800 yuan / ton. The quotation of some manufacturers is higher than the market price. The actual transaction market on the floor is normal. The price of domestic hydrofluoric acid is mainly stable. The spot supply of domestic hydrofluoric acid is slightly tight, and the price trend on the floor is temporarily stable.

Trichloromethane, on August 6, the methane chloride Market in Shandong was divided, and some manufacturers offered adjustment. At present, the mainstream ex factory price of dichloromethane is about 3950 ~ 4040 yuan / ton, the mainstream ex factory price of trichloromethane is 3090 yuan / ton, and the downstream inquiry is light.

3、 Future forecast

Business analysts believe that at present, the supporting force of the cost side is declining, but R22 is supported by quotas and the price has an upward performance. It is expected that it is easy to rise but difficult to fall in the short term; While R134a’s cost demand has both weakened, the shipment of cargo holders is under pressure, and there is still expected to be downward operation.