Author Archives: lubon

Ethylene oxide briefing this week (August 16-august 20)

The price was raised during the week. At present, the ex factory price in East China, Northeast China and North China is 7800 yuan / ton, that in Central China is 7850 yuan / ton, and that in South China is 7700 yuan / ton.

The raw material ethylene is expected to weaken. As of today, the CIF price in Northeast Asia is US $930 / T and that in Southeast Asia is US $965 / T, which is the same as that of the previous trading day. The quotation of domestic Luxi Chemical ethylene is 7800 yuan / T and that of Jinshan Lianmao ethylene is 7300 yuan / T. In the early stage, ethylene oxide ushered in a rising market due to the favorable impact of plant shutdown. However, with the gradual completion of maintenance of the plant, the shortage of supply has eased, and the negative factors have gradually become prominent. The downstream monomer manufacturers mainly sell goods at a profit margin. The ethylene oxide price rise this time, the monomer manufacturers did not follow up, and the price transmission was not smooth. It can be seen that the main reason for the pressure on the market is still the high cost and weak demand faced by the downstream.

Fundamentals are weak, and the market outlook is cautious.

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BDO market prices rose and then fell

The domestic BDO market continued its downward trend. With the restart of the device, the positive support of the market weakened. According to the sample data monitored by the business society, from August 12 to August 19, the domestic BDO market price fell from 29000 yuan / ton to 28125 yuan / ton, with a decrease of 3.02% in the week, a month on month increase of 41.33% and a year-on-year increase of 232.45%. In terms of market price, the mainstream negotiation of spot apron in East China is around 29200-29800 yuan / ton, and the mainstream negotiation of spot apron in South China is 29500-30000 yuan / ton.

In terms of supply, the maintenance device is restarted in large quantities, and the favorable support at the supply end is weakened; The transmission of high cost pressure to the terminal is blocked, the middle and lower reaches enter the market and watch carefully, and the atmosphere of spot negotiation is light.

In terms of devices, Xinjiang Xinye stopped for maintenance on July 25 and is expected to restart from August 18 to 20; Chongqing Jianfeng replaced the catalyst on August 25; Extend the oil storage and maintenance plan in September, which is expected to last for 2 months; Great wall energy, Cathay Pacific, black cat and Yizheng Dalian are scheduled for maintenance in September.

In the future, the maintenance devices have been restarted one after another. At present, the overall demand of the downstream is weak, mainly contract trading, and the enthusiasm for spot procurement is not high. BDO analysts of business agency expect that the domestic BDO market will enter the consolidation stage.

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Weak crude oil demand, MTBE “can’t hold”

Crude oil continues to decline and gasoline demand is weak. MTBE market fell slightly, with a decrease of about 50 yuan / ton. According to the data of business agency, from August 11 to August 18, the price of MTBE fell from 5600 yuan / ton to 5500 yuan / ton, with a decrease of 1.79% in the week, a decrease of 4.24% month on month and a year-on-year increase of 47.32%.

Crude oil continued to decline, coupled with the continued decline in the gasoline market, businesses’ demand for raw material MTBE was weak, the market pessimistic atmosphere was strong, MTBE businesses’ sales were not smooth, so they had no choice but to continue to make profits and promote sales. Crude oil prices fell three times in a row, and the bearish sentiment in the middle and lower reaches is increasing. Refined gasoline has not reached the balance of production and sales, gasoline and diesel inventories have been under certain pressure, and refineries will continue to reduce prices to control inventories.

In terms of external trading, as of the closing on August 17, the closing price of Asian MTBE market was reduced by US $10.5/t compared with the previous trading day, and FOB Singapore closed at US $732.5-734.5/t. The closing price of European MTBE market decreased by US $0.25/t compared with the previous trading day, and FOB ara closed at US $773.25-773.75/t. The closing price of MTBE market in the United States decreased by US $12.54/t compared with the previous trading day, and FOB Gulf FOB closed at US $714.86-715.22/t (201.37-201.47 cents / gallon).

region ., Country, closing price, up and down

Asia FOB Singapore 732.5-734.5 USD / ton – USD 10.5/t

U.S.A FOB Bay USD 714.86-715.22/t – USD 12.54/t

Europe FOB ARA 773.25-773.75 USD / ton – USD 0.25/t

In terms of enterprises, the price adjustment of some main production enterprises in Shandong is about 50-100 yuan / ton: the 400000 T / a mixed alkane dehydrogenation and CO production of 350000 tons MTBE unit of Shandong Shenchi Chemical Co., Ltd. is under normal operation, MTBE is reduced by 50 yuan / ton, and the quotation is 5500 yuan / ton. Shi dashenghua’s MTBE quotation is reduced by 50 yuan / ton to 5550 yuan / ton. The MTBE quotation of Lihua Yijin Petrochemical is reduced by 50 yuan / ton to 5500 yuan / ton. The 350000 T / a mixed alkane dehydrogenation unit of Dongming Qianhai chemical started normally, and the MTBE quotation was reduced by 50 yuan / T to 5500 yuan / T.

At present, the transaction in MTBE market is general. Crude oil fell four times in a row, coupled with poor gasoline sales and low interest in purchasing raw materials, the sales pressure of MTBE market remains. Business agency MTBE analysts believe that the domestic MTBE market may still decline in the short term.

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TDI market price trend rose

According to the bulk list data of business society, the price trend of TDI market is strong and upward. On August 17, the average market price in East China was 15125.00 yuan / ton, up 3.77% from the previous working day.

The domestic TDI market rose broadly. Last Friday, the news of the closing of a factory in Shanghai was released. At the weekend, a TDI factory in the North stopped and closed the plant, and the atmosphere in the field was bullish. On the 17th, the market learned that the latest TDI quotation of a factory in Shanghai rose to 15800 yuan / ton. The supplier’s good news was superimposed, the atmosphere in the field was bullish, the offer of the holder rose, and the quotation in the distribution market rose, The quotation of individual enterprises is increased by 1000 yuan / ton. The quotation range of dealers in East China is around 14500-14600 yuan / ton for domestic goods and 15000-15500 yuan / ton for Shanghai goods. The actual order is negotiated.

According to the analysis of TDI data division of business society, at present, the domestic TDI market is sorted upward, the offer of goods holders is on the high side, and the on-site information suppliers are dominant. In addition, according to market news, Gansu Yinguang TDI device will be shut down and overhauled for one month from August 20 to 25, which is good for the supplier market. The downstream side will follow up generally and focus on wait-and-see. The future market trend will pay attention to the downstream transaction situation, The short-term TDI market trend is bullish.

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On August 16, the quotation of Shandong isooctanol increased by 4.19%

Trade name: isooctanol

Latest price (August 16): 18233.33 yuan / ton

On August 16, the ex factory quotation of isooctanol in Shandong increased by 733.33 yuan / ton or 4.19% compared with the quotation on August 13. The upstream propylene market rose slightly, the cost support was good, the downstream DOP market stopped falling and rose, the downstream procurement enthusiasm increased, and some octanol units were overhauled, resulting in tight supply.

Recently, the ex factory price of octanol in Shandong has increased slightly: the manufacturer’s quotation is about 18300 yuan / ton.

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