Author Archives: lubon

Ethylene glycol daily review (20211116)

The latest p value price of ethylene glycol on November 16 was 5380 yuan / ton.

In terms of inventory, as of November 15, the total inventory of ethylene glycol in the main ports of East China was 589300 tons, a decrease of 15200 tons or 2.51% compared with last Monday and 13900 tons or 2.30% compared with last Thursday.

On November 15, the spot price of ethylene glycol in East China market was 5445 yuan / ton, up 215 yuan / ton compared with the previous trading day and down 210 yuan / ton compared with last week.

Oil prices fluctuated in the game of tight inventory and the suppression of demand by the epidemic. In the afternoon, Meg’s external offer was shaken and sorted out. Recently, the ship’s offer was slightly higher than US $695 / T, and the offer was near us $690 / T. it was estimated that it was around us $695 / T through negotiation. With the decline of coal purchase price and the relaxation of power restriction, some manufacturers are planning to restart the unit, the operating rate of MEG coal route is slightly upward, and the downstream polyester plants just need to purchase due to the high pressure of product inventory and the weak support of futures market. From the perspective of fundamentals, there has been no significant improvement in the short term.

Forecast: low shock.

sulphamic acid

On November 15, the market price of acrylic acid fell

Trade name: acrylic acid

Latest price (November 15): 17400 yuan / ton

On November 15, the acrylic acid market fell steadily, down 0.95% compared with last Friday and 5.95% compared with October 15. At present, the price of raw material propylene is generally stable, the cost support is limited, the supply side is sufficient, the demand side is weak, the downstream inquiry and procurement enthusiasm is not high, and the market atmosphere is light.

It is expected that in the short term, the acrylic acid market may be dominated by weak consolidation and operation.

Sulfamic acid 

Natural rubber prices continued to rise on November 12

Trade name: natural rubber (standard I)

http://www.sulfamic-acid.com

Latest price: 13444 yuan / ton on November 12, up 244 yuan / ton from November 11

Market analysis: according to the data monitoring of business agency (100ppi. Com), on November 12, Shanghai glue continued to rise, with a range of about 200-300 yuan / ton, the largest increase this week. The spot glue was adjusted by 100-300 yuan / ton with the plate. It is reported that due to the excessive rainfall in southern Thailand and the serious shortage of labor, the output of raw materials is low, and the cutting of domestic rubber will be stopped one after another; And the arrival of mixed rubber is limited, and the spot inventory in Qingdao decreases; The production and sales of automobile enterprises have improved to a certain extent, and the shortage of chips cannot be completely solved for the time being; Raw material prices are at a high level. Environmental protection, power and production restriction have a significant impact on tire enterprises. Ningxia Shenzhou tire and other enterprises continue to raise tire ex factory prices this month.

Future forecast: the above factors have a good support for rubber prices. It is expected that natural rubber will mainly fluctuate upward in the near future; As the cut-off is about to start, if the purchasing enthusiasm of downstream tire enterprises can keep up, the wave of market years ago may be gaining momentum.

sulphamic acid

On November 11, domestic PVC prices rose

1、 Price trend

Latest price (November 11): 9240 yuan / ton

Key points of analysis: according to the data monitoring chart of business society, on November 11, the closing price of PVC futures contract 2201 was 9095 yuan / ton, with a daily increase of 4.99%. The spot market actively increased, and the enterprise increased by 100-300 yuan / ton. At present, the price of raw calcium carbide has stopped falling and rising, and the cost support has been further strengthened. In addition, after the continuous price reduction operation in the early stage, the acceptance of the downstream product industry has improved, the purchasing mood has improved, and the PVC price has increased.

Forecast: PVC is expected to maintain a volatile upward trend in the short term.

sulphamic acid

On NOV 10, the price trend of acetic acid continued to rise

Trade name: acetic acid

Latest price (November 10): 7090 yuan / ton

Key points of analysis: the short-term maintenance of acetic acid plant of Nanjing manufacturer has given some support to the market, the downstream inquiry has increased, and the price support mentality of acetic acid manufacturers has continued. Today, the price of acetic acid in various regions has generally increased by 50 yuan / ton. In terms of market price trend, the supplier still dominates, but the downstream just needs to follow up, the actual transaction is limited, and the field operators continue to wait and see for the future.

Future forecast: at present, the market inventory is sufficient, the downstream demand is rational, and the domestic acetic acid market is generally traded. It is expected that the short-term acetic acid market will be sorted out and run or rise slightly. Pay attention to the downstream follow-up.

Sulfamic acid