The domestic acetic acid market is weak and weak, with low raw material prices and insufficient cost support. Downstream demand on the demand side is not good, and purchasing in the market just needs to follow up. In the early stage, the acetic acid plant maintenance was carried out on the market, but due to light market trading, the performance of the acetic acid rise was weak, and the transaction center remained low. In the later stage, the maintenance plant restarted, the market supply increased, and the confidence of the industry was insufficient, resulting in a significant decline in acetic acid prices.

According to the commodity market analysis system of the business community, as of June 20, the average price of acetic acid in East China was 2933.33 yuan/ton, down 8.81% from the price of 3216.67 yuan/ton on June 1, and down 11.11% month on month. As of June 20th, the market prices of acetic acid in various regions during the week were as follows:

The upstream raw material methanol market fluctuated at a low level. As of June 20th, the average price in the domestic market was 2091.67 yuan/ton, a decrease of 3.24% compared to the price of 2161.67 yuan/ton on June 1st. The price of raw coal has decreased, the support for methanol production costs has weakened, and downstream traditional industries have entered the off-season, resulting in weak demand performance. The methanol market has become stagnant and organized, and the spot price of methanol has fluctuated.

The downstream acetic anhydride market is weak and declining. As of June 20th, the factory price of acetic anhydride was 5062.50 yuan/ton, a decrease of 6.03% compared to the price of 5387.50 yuan/ton on June 1st. Upstream acetic acid prices have fallen, acetic anhydride costs have decreased, raw material support has weakened, acetic anhydride enterprises are operating normally, market supply is sufficient, while downstream demand is weak, market trading is sluggish, and acetic anhydride prices have significantly decreased.

In the future market forecast, the acetic acid analyst of the Business Society believes that the on-site acetic acid maintenance device is currently restarting, the market supply is increasing, and downstream parties follow up on demand. The intention to hoard goods is not good, the actual market transactions are limited, and there is a lack of positive information on the market. Under the supply and demand game, it is expected that the acetic acid market will be weak and organized in the later stage, and specific attention will be paid to downstream follow-up.

According to monitoring data from Business Society, starting from June 12th, positive factors supported and terminal demand improved, with a slight increase in the market. On June 12th, the average market price of hydrogen peroxide was 723 yuan/ton. On June 19th, the average market price of hydrogen peroxide was 733 yuan/ton, with a price increase of 1.38%.

Positive factors support the recovery of hydrogen peroxide market

Since June 12th, bearish factors have been digested, and the demand for hydrogen peroxide in the market has improved, leading to an increase in the hydrogen peroxide market. As of June 19th, the prices quoted by hydrogen peroxide manufacturers have increased, with mainstream prices ranging from 700 to 750 yuan/ton, an increase of about 30 yuan/ton.

Li Bing, a chemical analyst at Business Society, believes that with the arrival of positive factors and support from terminal demand, the market for hydrogen peroxide may continue to rise in the future.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of 55% powdered ammonium phosphate in China was 2600 yuan/ton on June 12th. On June 16th, the average market price of 55% powdered ammonium phosphate was 2583 yuan/ton. This week, the market price of monoammonium phosphate decreased by 0.64%.

According to the Commodity Market Analysis System of Business Society, the average market price of 64% diammonium phosphate in China on June 12th was 3816 yuan/ton. On June 16th, the average market price of 64% diammonium phosphate in China was 3810 yuan/ton. This week, the market price of diammonium phosphate decreased by 0.17%.

2、 Market analysis

This week, the price of ammonium phosphate has been adjusted down in a narrow range, and the equipment of ammonium phosphate enterprises is operating at low load. The prices of raw phosphorus ore and sulfur have decreased, weakening cost support. There is a small amount of downstream stock of monoammonium phosphate, and there are relatively few new orders in the market, resulting in a sustained weak market. The supply of diammonium phosphate in the market is tight, and downstream restocking is just needed. The demand for corn fertilizer is approaching its end. As of June 16th, the 55% market price of powdered ammonium in Hubei region is around 2500 yuan/ton, and the 73% market price of ammonium in Sichuan region is around 4950 yuan/ton, with actual negotiations being the main focus. The 64% market quotation for diammonium in Shandong region is around 3780-3850 yuan/ton, while the 57% market quotation for diammonium in Shandong region is around 2700-3300 yuan/ton. The actual transaction is negotiated.

In terms of raw sulfur, domestic sulfur prices have fallen this week. The reference price of sulfur in East China is 826.67 yuan/ton. The mainstream price of solid sulfur in Shandong region is around 870-880 yuan/ton, while the mainstream price of liquid sulfur is between 730-880 yuan/ton. The sulfur manufacturer’s equipment is operating normally, with no inventory pressure in the market, actively shipping, and less enthusiasm for downstream market entry. Purchasing follows up as needed, and the on-site trading atmosphere is average. The sulfur market is organized and running.

In terms of raw phosphorus ore, the overall domestic phosphorus ore market showed a slight decline this week. Some mining companies in China that reported higher prices in the early stage have slightly lowered the price of phosphate ore, with a reduction of around 10-20 yuan/ton, driving the overall focus of the phosphate ore market to decline slightly. As of June 15th, the domestic market price of 30% grade phosphate ore is around 950-1080 yuan/ton.

3、 Future Market Forecast

Analysts from the Business Society believe that the market trend of ammonium phosphate has been weak recently, with the demand side continuing to be weak and downstream purchasing on demand. The raw materials continue to weaken, and the cost side support is insufficient. It is expected that the market price of ammonium phosphate will be weak in the short term, and the main trend will be consolidation and operation.

According to the analysis system of the commodity market of the Business Society, as of June 13th, the average price of PMMA, a general transparent and high-quality product in China, was 14625.00 yuan/ton. This week, PMMA prices remained stable and maintained the previous trend, with no significant price fluctuations. Downstream purchases were mainly for immediate needs.

This week, the domestic general transparent grade premium product PMMA has been operating smoothly, compared to the same period last week when prices remained stable. The purchasing atmosphere is cold, and downstream demand is average. Currently, the quotation range of mainstream manufacturers is still around 14600 yuan/ton. The operating rate is stable, and the overall market supply and demand is balanced. Factories are offering discounts and taking orders, and downstream purchases are just needed.

Rubber and Plastic Index: On June 12, the rubber and plastic index stood at 643 points, unchanged from yesterday, a decrease of 39.34% from the cycle’s highest point of 1060 points (2012-03-14), and an increase of 21.78% from the lowest point of 528 points on April 6, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

PMMA analysts from Business Society believe that in the short term, PMMA will maintain stable operation and the range of price fluctuations is limited.

1、 Price trend

According to the commodity analysis system of the business agency, the price of Neopentyl glycol in the domestic market fell slightly this week. This week, the average price of Neopentyl glycol in the domestic mainstream market dropped from 10200.00 yuan/ton at the beginning of the week to 9800.00 yuan/ton at the end of the week, a decrease of 3.92%. Weekend prices fell 44.00% year-on-year. On June 11, the Neopentyl glycol commodity index was 47.23, unchanged from yesterday, down 54.42% from the cycle’s highest point of 103.61 (2021-09-22), and up 9.71% from the lowest point of 43.05 on November 28, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

2、 Market analysis

The price of Neopentyl glycol in the mainstream market fell slightly this week.

From the perspective of Neopentyl glycol upstream raw material market, the domestic Isobutyraldehyde market price fell sharply this week. This week, the average price of Isobutyraldehyde in the domestic mainstream market fell from 7166.67 yuan/ton at the beginning of the week to 6566.67 yuan/ton at the end of the week, a decrease of 8.37%. Weekend prices fell by 57.27% year-on-year. The price of upstream raw material market fell sharply, and the cost support was insufficient. Affected by the supply and demand, the price of Neopentyl glycol was negatively affected.

3、 Future prospects

The market trend of Neopentyl glycol in the middle and late June may fluctuate slightly. The upstream Isobutyraldehyde market declined sharply, and the cost support was insufficient. The downstream paint market is average, and the enthusiasm for downstream procurement is average. The Neopentyl glycol analysts of the business agency believe that the short-term Neopentyl glycol market is dominated by small fluctuations and declines in the market under the influence of supply and demand, raw materials and other aspects.