The price of boric acid has been relatively stable recently. According to the Commodity Market Analysis System of Business Society, the average price of boric acid in the domestic market was 7400 yuan/ton on March 21st. At present, the quotation range for domestic boric acid traders is between 6900-7800 yuan/ton (the actual transaction price for different brands, specifications, and products is mainly negotiated).

In terms of overseas imported goods, the current foreign quotation for imported goods is concentrated at 7500-7800 yuan/ton (the actual transaction price of different brands, specifications, and products is mainly negotiated). According to the Commodity Market Analysis System of Business Society, as of March 21st, the average market price of imported boric acid was 7650 yuan/ton, an increase of 0.16% compared to the average market price of 7637.5 yuan/ton at the beginning of March.

The price of boric acid began to decline from its high point in June 2022, and began to bottom out and fluctuate horizontally in May 2023. Currently, it is still operating in the range of bottom box fluctuations. If there is no positive news, it is expected to be difficult to change in the short term.

Product name: Neopentanediol

Latest price (March 20th): 10433.33 yuan/ton

On March 20th, the domestic market price of new pentanediol slightly decreased, with a decrease of 200 yuan/ton compared to March 19th, a decrease of 1.88%, and a year-on-year decrease of 1.57%. The market situation of raw material isobutyraldehyde has recently experienced a slight decline, with insufficient cost support. The downstream polyester resin market is average, with a strong wait-and-see atmosphere, and downstream customers have weak enthusiasm for purchasing new pentanediol.

It is expected that the domestic market price of new pentanediol will fluctuate slightly in the future. The average market price is around 10300 yuan/ton.

According to the Commodity Market Analysis System of Business Society, as of March 19th, the average quoted price of polyethylene glycol 400 by enterprises was 7550.00 yuan/ton, which is unchanged from last Thursday (March 14th).

Recently, the polyethylene glycol market has continued to operate steadily, with no significant price changes. In recent times, there has been strong support for the market in terms of costs, with downstream water reducing agent markets mainly following steadily. Industries such as printing and dyeing and daily chemical products are in high demand for purchases, and market transactions are orderly.

Recent quotations for polyethylene glycol 400 products in the East and South China markets (for reference only), with actual transaction negotiations as the main focus:

Market/ March 14th March 19th Rise and Fall

East China/ 7700-7900 yuan/ton 7700-7900 yuan/ton 0

South China/ 7800-8000 yuan/ton 7800-8000 yuan/ton 0

Cost side:

Upstream ethylene oxide: According to the commodity market analysis system of Business Society, on March 18th, the reference price of ethylene oxide was 6900.00, an increase of 1.47% compared to March 1st (6800.00). In mid March, the market price of ethylene oxide increased, providing support for the polyethylene glycol market. Currently, some equipment maintenance and short-term supply side support still exist, and downstream demand is mainly followed up. The support for the polyethylene glycol market may still be stable.

Upstream ethylene glycol: According to the commodity market analysis system of Business Society, the reference price of ethylene glycol on March 18th was 4560.00, a decrease of 0.98% compared to March 1st (4605.00), which provides moderate support for the polyethylene glycol market.

According to polyethylene glycol analysts from Business Society, short-term cost support is still strong, and downstream enterprises tend to make essential purchases based on their own situation. It is expected that the polyethylene glycol market will remain stable in the short term, and more attention should be paid to the trend of upstream ethylene oxide.

The price of boric acid has been relatively stable recently. According to the commodity market analysis system of Business Society, the average price of boric acid in the domestic market in March was 7400 yuan/ton. At present, the quotation range for domestic boric acid traders is between 6900-7800 yuan/ton (the actual transaction price for different brands, specifications, and products is mainly negotiated).

In terms of overseas imported goods, the current foreign quotation for imported goods is concentrated at 7500-7800 yuan/ton (the actual transaction price of different brands, specifications, and products is mainly negotiated). According to the Commodity Market Analysis System of Business Society, as of March 15th, the average market price of imported boric acid was 7643.75 yuan/ton, a decrease of 2.63% compared to the market average price of 7850 yuan/ton at the beginning of the year.

The price of boric acid began to decline from its high point in June 2022, and began to bottom out and fluctuate horizontally in May 2023. Currently, it is still operating in the range of bottom box fluctuations. If there is no positive news, it is expected to be difficult to change in the short term.

According to the Commodity Market Analysis System of Business Society, TDI prices in East China continued to decline this week. On March 14th, the average market price in East China was 16900 yuan/ton, a decrease of 500 yuan/ton compared to the price of 17400 yuan/ton on March 8th, a decrease of 2.87%, and a month on month decrease of 0.59%.

The TDI market is weak, downstream purchasing enthusiasm is low, and there is a small amount of essential procurement in the market. The actual trading atmosphere is light. At the beginning of the week, profit taking orders were sold at low prices to ensure safety, driving the focus of market negotiations downward. Under the sentiment of buying up but not buying down, TDI prices continue to decline, and market demand is insufficient. The TDI market is operating weakly.

The upstream toluene market remained stable with a downward trend. On March 14th, the domestic average price of toluene was around 7250 yuan/ton, a decrease of 0.28% from the price of 7270 yuan/ton on March 8th. The narrow fluctuations in international crude oil prices provide some support for the cost of toluene. Downstream production of xylene is temporarily stable, with sufficient support for toluene’s demand. At the same time, the recovery of the domestic mixed blending market is slow, and the demand for toluene is weak. In addition, with the continued increase in toluene port inventory, supply pressure has increased, and the price of toluene has stabilized and declined.

In the future market analysis, TDI data analysts from Business Society believe that domestic TDI prices continue to decline, and suppliers are mainly wait-and-see in the short term. Under the influence of psychological factors, there may be a willingness to raise prices in the future market. Downstream follow-up is needed, and market trading is limited. There is a game of supply and demand on the market, and it is expected that the TDI market will remain stagnant and consolidate in the later stage. Specific information on major manufacturers will be released.