According to the data of the bulk list of business agencies, TDI market price trend continued to rise this week, with the average market price of 13866.67 yuan / ton in East China at the weekend, up 2.72% compared with 13500.00 yuan / ton at the beginning of the week, down 0.48% compared with the beginning of the month.

This week, the domestic TDI market is sorted out, the carrier’s offer is carefully watched and the negotiation of shipment is maintained. Due to the influence of Shanghai road transportation control, the unexpected parking information of Shanghai BASF device is added in the week, and the overall market offer has increased slightly. However, due to the off-season downstream terminal, and the Shanghai BASF device is restarted immediately, the favorable support is insufficient, and the TDI market is stable, The overall fluctuation is not large in the week. The dealers in East China are mainly waiting and waiting, with higher price than the market delivery transaction price. The quotation of each manufacturer is mutual present, and the quotation is stable after price adjustment in the week.

The price of toluene was lowered this week, with the domestic average price of 5781 yuan / ton, down 0.34% in the week. The downstream of toluene is generally followed up, the demand is weak, some downstream devices are overhauled, and there is no effective guidance on the site. The spot supply of toluene market is sufficient, the downstream demand is not followed up, the mentality of the industry is negative, and the toluene market is weak.

TDI data division of business agency analyzed that although TDI market in East China was sorted up this week, the quotation of enterprises rose slightly, but it lacked sustained good support, the atmosphere in the field continued to be weak, with a small number of transactions. In addition, the upstream and downstream terminals were in off-season, and the inquiry enthusiasm was general, some downstream low price inquiry was still low, and it is expected that the short-term TDI market will be stable for operation in the later period, Follow the supplier information guidance.

According to the price monitoring of business agency, the price of pure polyester yarn market is basically stable. On June 25, the spot price of 32S polyester yarn in Shandong Province was stable compared with that of last week. The average price of 32S polyester yarn in Shandong market was about 14100 yuan / ton, which was the same as last week. Although the price of polyester staple fiber materials has risen month on month, the overall market of pure polyester yarn has always been mainly on the lookout, mainly due to the poor sales, insufficient basic power of price, and difficult to shake the market mentality.

2、 Factors affecting prices

From the upstream fundamentals, EIA crude oil inventory has dropped again, and oil distribution has risen to $75 for the first time in more than two and a half years, while Luntong Sanyang has reached the largest increase in nearly a month; The euro zone’s comprehensive PMI in June reached a 15-year high; The U.S. set a record PMI in June for Markit manufacturing, and services were less than expected. PTA + 75 yuan, MEG + 77 yuan, polymerization cost is 5822 yuan, polyester short production and marketing is still available, average is near to make flat. Jiangsu and Zhejiang 1.4d × The central price of 38mm direct spinning polyester staple fiber is 6775-6800 yuan / ton, and the ring ratio is increased by 25-50 yuan / ton.

According to customs data, from January to may 2021, the total export volume of textile and clothing in China was US $112692 million, an increase of 15.03% year-on-year. Since mid May, overseas orders have gradually recovered. According to the downstream enterprises, although the export order situation has improved, the prospect is not clear. Due to the demand for overseas export orders is not as expected, domestic demand has been slowly rising and domestic demand is limited, Price is only supported by cost side, and there is no other positive upward action force, and business expectations are generally relatively low.

Summer comes, facing the traditional off-season textile, according to some downstream businesses, this week 32S polyester yarn spot price rise and fall, due to the support of the raw material end, some businesses still choose to stable price delivery. At present, the downstream demand is increasing locally, and the market trend is smooth. In autumn, the spot trade of fabrics increased month on month, while the bulk test sheets of fabrics in the early winter increased slightly, and the overall market transaction will show a small upward trend.

3、 Post market forecast

At present, the overseas situation is not clear, the foreign trade order is difficult to continue, the summer off-season, the release of domestic demand is slightly insufficient. In the face of the rising of raw materials such as PTA and glycol upstream, it is difficult for yarn price to rise in the short term. It is expected that the price will maintain a stable situation in the short term.

According to the monitoring data of business news agency, hydrogen peroxide had a rising trend in the first half of June, and continued to plunge into the market in the second half of June, with the price falling all the way. As of June 25, the average market price of hydrogen peroxide was 953 yuan / ton, down 5.92% from the beginning of the month.

According to the weekly rise and fall chart of hydrogen peroxide from March 29 to June 20, 2021, it can be seen that hydrogen peroxide rose sharply at the beginning of March, with an increase of more than 5%. After the surge, hydrogen peroxide began to plunge, continuing the weak market. In April, in the middle of the month, hydrogen peroxide rose again, with an increase of more than 5%. After the May Day holiday, hydrogen peroxide was in a weak position and started a rising mode in the middle of the month. It rose to May 22, with an increase of more than 10%. At the end of the month, the hydrogen peroxide market began to plunge, falling by more than 7%. In June, hydrogen peroxide continued to decline, with a decline of nearly 6% as of June 25.

On June 25, some domestic hydrogen peroxide manufacturers quoted as follows:

Luxi Chemical quoted 840 yuan / ton of hydrogen peroxide, down 40 yuan / ton from the beginning of June; Hebei Zhengyuan chemical fertilizer hydrogen peroxide quoted 920 yuan / ton, 80 yuan / ton lower than that in early June; Anhui Quansheng chemical hydrogen peroxide quoted 1100 yuan / ton, down 100 yuan / ton compared with the beginning of the month.

Off season is very light, hydrogen peroxide continues to fall

In June, the weak market of hydrogen peroxide did not end. Due to the sharp decline of paper purchasing volume, low consumption season and negative factors, the price of hydrogen peroxide still kept falling, and the manufacturers lacked confidence in supporting the price, so they reduced the ex factory price one after another. Among them, the ex factory price of hydrogen peroxide in Luxi Chemical industry has dropped to 840 yuan; Zhengyuan fertilizer also fell to 900 yuan. Anhui Quansheng price also fell to 1100 yuan / ton line. Hydrogen peroxide started diving mode, the market continued to bottom, down 5.92%.

On June 25, the commodity price index of hydrogen peroxide and caprolactam was 100.88, down 0.3 points from yesterday, down 53.96% from 219.12 points (2020-10-27), the highest point in the cycle, and up 12.28% from 89.85 points, the lowest point on January 29, 2019（ Note: period refers to the period from January 1, 2019 to now

At the beginning of June, caprolactam continued to decline, with a decline of more than 1.4%. After the Dragon Boat Festival, caprolactam market continued to be stable, and the price rose slightly near the end of the month. Due to the general shipment of manufacturers, the enthusiasm for purchasing hydrogen peroxide declined, and the demand for hydrogen peroxide was poor, so the price continued to decline.

On June 25, the commodity price index of hydrogen peroxide and corrugated paper was 131.32, which was the same as yesterday. It was 46.62% lower than the highest point 246.00 (October 21, 2019) in the cycle, and 22.11% higher than the lowest point 107.54 on January 29, 2019（ Note: period refers to the period from January 1, 2017 to now

In June, due to the limitation of environmental protection policy, the paper mills started down, the rain weather affected, and the transportation cost increased. The paper mills raised the ex factory price of corrugated paper one after another. The corrugated paper market rose all the way and continued to run at a high level, but the amount of hydrogen peroxide purchased declined. The hydrogen peroxide market rose slowly and continued to decline.

Li Bing, hydrogen peroxide analyst of business news agency, said: it is difficult for the terminal demand of hydrogen peroxide to improve significantly in July, and it is expected that the hydrogen peroxide market will still be weak in the future, with weak rise.

After the festival, bisphenol a changed its previous trend and entered the decline mode, with a decline of 7.87% for two consecutive weeks. According to the monitoring of the business community, the average offer of bisphenol A was 22620 yuan / ton on June 15, and it was 20800-20900 yuan / ton as of June 24, with a decline of nearly 2000 yuan / ton in eight working days after the festival. On Wednesday, the bidding price of a factory’s sub brand reached 20800 yuan / ton. I heard that there were few participating enterprises and the market demand was weird. Under the pressure of the goods holder, the offer continued to fall. Nevertheless, under the mentality of buying up but not buying down, the purchase demand was even less, and the market empty offer gradually declined. Recently, the operation of the factory has not changed much, and the market consolidation is stable around 80%.

From the perspective of raw material side, the phenol market was stable this week, and the market negotiation was in a stalemate. The negotiation reached 9050 yuan / ton. The overall change after the festival was not big. The port inventory was relatively stable, and the pressure on the supply side was not big. However, the downstream delivery was low. The carrier expected that it would be difficult to push up the market, the overall atmosphere was not warm, and it was difficult to put in large quantities. On the other hand, the market of acetone, a raw material, has declined significantly. It can be said that the market of acetone has stepped into an accelerated downward trend since May. The offer of East China market was 8150 yuan / ton on May 1, and 4800 yuan / ton on June 24, with a decrease of 41%. The main reasons are that the manufacturer’s inventory is high, the port has a large supply source, the supply side is under great pressure, and the terminal enterprises have limited replenishment and insufficient active inquiry, The real order is limited. The operating rate of phenol and ketone industry has been maintained at a high level, with an average of about 90%.

Acetone market trend in East China

Trend of phenol Market in China

The downstream liquid epoxy resin continued to be in the doldrums. In recent years, the downward trend was obvious following the trend of raw materials. The East China liquid epoxy resin negotiation dropped to 26000-27000 yuan / ton, and the solid epoxy resin negotiation reached 25000 yuan / ton. The decline of epoxy resin market was mainly affected by the overall decline of dual raw materials. The decline of bisphenol A was obvious, the cost support was unfavorable, and the manufacturers were under great pressure to ship, On the other hand, the downstream is not optimistic about the future, the mentality of the yard is under pressure, the factories are generally short of orders, and the boilers in the park are recovering. The short-term epoxy resin industry is difficult to say good, the market transaction surface is insufficient.

According to the business community, it is mainly constrained by the sluggish terminal demand market. The bearish attitude of the cargo holders is serious. The short-term bisphenol a market is still showing a downward trend. It is expected that the downstream of the industrial chain will also show a downward trend in the short term. The overall order of the epoxy resin industry is insufficient, and the market transaction is not optimistic. The PC end factory mainly digests the contract, and the market transaction is hard to say good. The Business Association expects the market of bisphenol A to continue its downward trend in the short term.

1、 Price trend

According to business agency monitoring data, the price of chlorinated paraffin increased this week. On June 14, the average price of domestic chlorinated paraffin 52 was 6033 yuan / ton, and that of domestic paraffin 52 was 6033 yuan / ton on June 20. The price of this week was stable.

2、 Market analysis

This week, the price of chlorinated paraffin 52 in China was stable. Currently, the factory price of chlorinated paraffin 52 in Anhui Province is 6000-6400 yuan / ton, that of Northeast China is 5700 yuan / ton, that of chlorinated paraffin 52 in Hebei Province is 5000-5900 yuan / ton, that of Shaanxi is about 6400 yuan / ton, and that of chlorinated paraffin 52 in Shandong Province is 5800-6400 yuan / ton.

In terms of raw liquid wax, the price of liquid wax is stable this week, and the source of goods is relatively small. The liquid wax will be stable in short term. In terms of raw liquid chlorine, the price of liquid chlorine this week was stable and down, while that of Shandong Province fell, while that in other regions was stable.

3、 Post market forecast

Business agency chlorinated paraffin analysts believe. The price of raw materials in some parts of chlorinated paraffin fell this week, with limited cost side support. The enterprise has not much stock and the source of goods is tight. There is no good news at present, and the price is in the consolidation stage. It is expected that the price of chlorinated paraffin will be stable and moderate in the short term.