According to the data monitoring of Business News Agency, as of February 17, 2023, the domestic market price of butanone was 8966 yuan/ton. Compared with February 1, 2023 (the reference price of butanone was 8533 yuan/ton), the price increased by 433 yuan/ton, or 5.08%.

It can be seen from the data monitoring chart of the business agency that in the first ten days of February, the domestic butanone market as a whole was running steadily upward. The main driving force for the rise of the market of isobutanone is the continuous rise of the C4 market after the end of the raw material ether, which gives the cost support for butanone to be strengthened continuously. In order to alleviate the cost pressure, the butanone industry has made an increase in the price of butanone by 300-400 yuan/ton. However, the downstream demand for butanone was weak, the overall demand support was general, and the momentum for the continuous rise of butanone market was limited. In this week, the overall butanone market entered a stable consolidation and operation trend after the rise. As of February 17, the domestic market price of butanone was around 8600-9000 yuan/ton.

Aftermarket analysis of butanone

At present, the downstream terminal demand for butanone has not yet fully recovered. The overall support for butanone from the demand side is slightly loose. The new butanone transaction is general, and the overall inventory of the supply side butanone market is relatively sufficient. The butanone statistician of the business agency believes that in the short term, the domestic butanone market is mostly volatile, and the specific trend needs to pay more attention to the specific information changes on the supply and demand side.

Since February, the focus of the domestic spandex market has been moving upward. According to the monitoring of the Business Agency, the average market price of the 40D specification was 38000 yuan/ton as of February 16, up 6.29% from the beginning of the month and down 34.37% year on year. The start of spandex industry has increased to more than 80%, the cost support has been maintained, and the start of downstream enterprises has been improved, continuously boosting the price of spandex.

Recently, the price of PTMEG in the spandex field has continued to rise, and the overall market supply is limited, with the negotiated price of 20000-22000 yuan/ton. The pure MDI market reference is stable in the range of 19000-9500 yuan/ton by T/T, and the mainstream traders are more stable in price delivery.

The buying and selling atmosphere of downstream customers and dealers has rebounded, and the construction of many fields of terminal textiles has been slowly improved, with the construction of 3-4% in the circle machine field and 50% in the warp knitting field. The demand trend has begun to increase.

Analysts from the Business Agency believe that the current cost of spandex and demand both support the price of spandex, and it is expected that the price of spandex will remain relatively strong in the future.

Zinc price rose on February 14

According to the data monitoring of the Business News Agency, the zinc price was 23134 yuan/ton as of February 14, up 0.59% from 22998 yuan/ton on February 13 of the previous trading day. After falling for three consecutive trading days, the zinc price stopped falling and recovered, and rose slightly on February 14.

Key points of zinc market

The domestic credit data released showed that China’s credit data in January exceeded expectations, and M2 growth rate exceeded expectations. The credit data met the market’s expectations for domestic economic recovery; The operating rate of zinc plating and die-casting zinc alloy has risen steadily, the supply and demand of zinc industry has increased, and the rising power of zinc market still exists.

Aftermarket expectation

Both supply and demand increase, and the rising power of zinc market increases. It is expected that the zinc price will consolidate strongly in the future.

According to the monitoring of the Business News Agency, the domestic methanol market fluctuated and sorted out. From February 3 to 10 (as of 15:00 p.m.), the average price of the domestic methanol market at the East China port fell from 2704 yuan/ton to 2685 yuan/ton. During the period, the price fell by 0.69%, rose by 0.97% month-on-month and fell by 2.16% year-on-year. The cost of coal fell, the downstream demand recovered slowly, and the methanol price fluctuated.

As of the close of February 13, methanol futures of Zhengzhou Commodity Exchange fell. The main methanol futures contract 2305 opened at 2610 yuan/ton, the highest price was 2610 yuan/ton, the lowest price was 2546 yuan/ton, and closed at 2553 yuan/ton, down 62% or 2.37% from the previous trading day. The trading volume was 1376079, the position was 1300799, and the daily increase was – 74001.

Summary of methanol market prices in various regions as of 2.10:

Region/ Price

Shanxi Province/ 2480-2500 yuan/ton ex-factory

Liaoning region/ About 2620-2630 yuan/ton

Anhui Province/ About 2660-2730 yuan/ton

Henan Province/ 2600 yuan/ton

On the cost side, with the end of the holiday, some coal mines began to resume work and production, and the output rose slightly. The terminal power plants were in a weak purchasing mood under the support of long-term cooperation coal. The non-electric terminal raw coal was consumed during the holiday, and the demand for replenishment in the near future was released slightly. In the short term, the power coal price is mainly stable. The temporary storage of methanol cost is good.

Demand side, downstream dimethyl ether: the demand for dimethyl ether increased due to the start-up of Lankao Huitong device; Downstream acetic acid: Tianjin Soda Plant returned to normal, and the demand for acetic acid increased; Downstream formaldehyde: Shandong Lianyi unit has a negative deposit and withdrawal plan, Lankao Huitong and Rongxin Huiquan units are expected to be restarted, and the demand for formaldehyde increases. The temporary storage of methanol is favorable.

In the external market, as of the close of February 10, the closing price of the CFR Southeast Asia methanol market was 375.00-377.00 US dollars/ton, down 3 US dollars/ton. The closing price of US Gulf methanol market is 107-109 cents/gallon; The closing price of FOB Rotterdam methanol market was 337.00-339.00 euros/ton, down 1 euro/ton.

Region/ Country/ Closing price/ Up and down

Asia/ CFR Southeast Asia/ 375.00-377.00 USD/ton./- 3 USD/ton

Europe and America/ US Gulf/ 107-109./0 min/gallon

Europe/ FOB Rotterdam/ 337.00-339.00 euro/ton./- 1 euro/ton

Future market forecast shows that the supply is abundant and the demand side has little change. The methanol analyst of the Business Society predicted that the domestic methanol market was dominated by narrow consolidation.

From February 3 to February 10, 2023, the weekly bidding price of crude benzene was mainly down, at 5725 yuan/ton at the end of last week, and at 5593 yuan/ton at the end of this week, with a weekly decrease of 2.31%.

International crude oil futures closed slightly lower on February 9. The settlement price of the main contract of US WTI crude oil futures was 78.06 US dollars/barrel, down 0.41 US dollars or 0.5%. The settlement price of the main contract of Brent crude oil futures was US $84.50/barrel, down US $0.59 or 0.7%.

The ex-factory price of Sinopec pure benzene increased by 100 yuan/ton on January 13, 2023, and the current price is 6950 yuan/ton.

Other enterprises: Jingbo Petrochemical quoted 6950 yuan/ton, HSBC Petrochemical quoted 7000 yuan/ton, Weilian Chemical quoted 6903 yuan/ton, Xinhai Petrochemical quoted 6850 yuan/ton, and Hongrun Petrochemical quoted 7000 yuan/ton.

The commodity price K-bar chart uses the concept of price trend K-line to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investments according to the changes in the K-bar chart. Red indicates: rising; Green means: down; The height of the K column indicates the range of rise and fall. The weekly K-column chart of pure benzene shows that after entering July, the price of pure benzene continued to decline, slightly warmed at the end of August and the beginning of September, and the price mainly declined from October to December, and warmed in January.

In terms of industrial chain: the mixed benzene market fell first and then rose at the beginning of this week, and the crude oil and styrene market both weakened in the early stage, which affected the mentality of the pure benzene market. In addition, the pure benzene inventory was at a high level as a whole, the market trading was slightly light, and the price was down. In the later period, the crude oil rose, the styrene market rose, the pure benzene market atmosphere rose, and the market price rose slightly. The price of hydrogenation benzene is mainly weak this week, and the price of main production areas has been slightly reduced, and the current price is about 7000 yuan/ton.

The crude benzene market this week was dragged down by the decline of pure benzene at the beginning of the week, and the auction price of this week was mainly down. The main production area in Shandong Province was 5700-5710 yuan/ton, down 130 yuan/ton from last week. In terms of supply, the operating rate of coking enterprises this week has not changed much compared with the previous period, and the overall operation is OK, and the crude benzene supply is sufficient. In terms of demand, the overall hydrogenation benzene market this week was weak, the operating rate was basically flat compared with the previous period, and the demand for crude benzene remained. The price decline this week was mainly affected by the decline of the industrial chain. In general, crude benzene demand support still exists, but the recent trend of crude oil has fluctuated greatly. The price of hydrogenation benzene has declined due to insufficient market guidance. The price of crude benzene is expected to be subject to narrow adjustment. The future market will focus on the impact of the trend of basic products such as crude oil and styrene on the market mentality.