1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, the market price of isopropanol remained stable with an increase this week. Last Thursday, the average price of isopropanol in China was 8340 yuan/ton, while this Thursday’s average price was 8360 yuan/ton. The price increased by 0.24% during the week.

This week, the market price of isopropanol remained stable with some increase. The overall trading situation in the market is average. The market price of raw material acetone has fluctuated and risen, and the cost support is still acceptable. The confidence in the isopropanol market is average, and the market situation is lukewarm. The market price range is relatively strong and consolidating. As of now, the majority of isopropanol market quotations in Shandong region are around 8100-8400 yuan/ton; The majority of quotes for isopropanol in the Jiangsu region are based on market reference prices of around 8400-8600 yuan/ton.

In terms of raw material acetone, the acetone market price fluctuated this week. Last Thursday, the average price of acetone in China was 7305 yuan/ton, while this Thursday’s average price was 7307.5 yuan/ton, with a price increase of 0.03%. At present, the trading situation in the acetone market is still acceptable. It is expected that the acetone market will operate strongly in the short term.

In terms of propylene, according to the commodity market analysis system of Business Society, the price of propylene in the market fell this week. Last Thursday, the average domestic propylene price was 7074.6 yuan/ton, while this Thursday’s average price was 6948.6 yuan/ton, a decrease of 1.78%. The current overall trading situation of propylene is average. It is expected that the propylene market price will be weak in the short term.

3、 Future Market Forecast

The isopropanol analyst from the Chemical Branch of Shengyishe believes that the upstream acetone price has been fluctuating strongly this week, while the propylene market price has declined, and the overall cost support is average. The overall market for isopropanol is lukewarm, and downstream enterprises are in urgent need of replenishment, so transactions are cautious. It is expected that the isopropanol market will remain strong in the short term, with consolidation and operation being the main focus.

According to monitoring data from Business Society, as of March 13, 2024, the reference market price of domestically produced industrial grade propylene glycol was 7900 yuan/ton. Compared with March 10 (reference price of propylene glycol was 7950 yuan/ton), the price was reduced by 50 yuan/ton, a decrease of 0.63%. Compared to March 1st (reference price of propylene glycol at 8100 yuan/ton), the price has been reduced by 200 yuan/ton, a decrease of 2.47%.

According to monitoring data from Business Society, as of March 13, 2024, the reference market price of domestically produced industrial grade dimethyl carbonate was 3816 yuan/ton. Compared with March 1 (reference price of dimethyl carbonate was 3833 yuan/ton), the price decreased by 17 yuan/ton, a decrease of 0.43%.

From the two data monitoring charts of Shengyi Society on propylene glycol and dimethyl carbonate, it can be seen that in March, the domestic propylene glycol and dimethyl carbonate markets have shown a weak downward trend. After entering this week, the overall market situation of propylene glycol and dimethyl carbonate did not show significant improvement. The overall market for dimethyl carbonate shows a weak consolidation operation. The propylene glycol market has experienced a slight bearish decline, and the focus of market negotiations is moving downwards.

At present, in the production facilities of propylene glycol and dimethyl carbonate in China, the co production of the two still dominates. Therefore, the market trends of the two products have a mutual influence. The main influencing factors for the weak performance of both propylene glycol and dimethyl carbonate products this time are weak downstream demand, and the overall support provided by the demand side to the market is insufficient. There is some pressure on the overall shipment of propylene glycol and dimethyl carbonate, Therefore, the overall performance of the market is also weak. As of March 13th, the domestic market price of propylene glycol is around 7800-8000 yuan/ton, and the domestic market price of dimethyl carbonate is around 3600-4000 yuan/ton.

Future analysis

At present, the overall trading atmosphere in the propylene glycol and dimethyl carbonate markets is relatively light. The propylene glycol industry mainly ships, and the propylene glycol market price fluctuates narrowly overall. Downstream demand for dimethyl carbonate is also average, and the market is mainly weak and consolidating. Business Society’s propylene glycol and dimethyl carbonate data analysts believe that in the short term, the domestic propylene glycol and dimethyl carbonate markets will mainly operate through range adjustment, The specific trend still needs to pay more attention to the changes in supply and demand news.

1、 Price trend

Upstream cost support has increased, downstream paint demand is average, and the domestic market price of neopentyl glycol has slightly increased this week. According to the Commodity Analysis System of Business Society, the average price of new pentanediol in the mainstream domestic market increased from 10600 yuan/ton at the beginning of the week to 10666.67 yuan/ton over the weekend, an increase of 0.63%, and the weekend price decreased by 1.84% year-on-year.

2、 Market analysis

This week, new pentanediol enterprises started construction at a high level, and mainstream market prices slightly increased.

From the upstream raw material market of neopentyl glycol, the price of isobutyraldehyde in the domestic market has slightly increased this week. This week, the average price of isobutyraldehyde in the mainstream domestic market increased from 8900 yuan/ton at the beginning of the week to 9000 yuan/ton over the weekend, an increase of 1.12%. The weekend price increased by 23.85% year-on-year. The upstream isobutyraldehyde has a strong center of gravity, with a slight increase in market prices and good cost support. Due to the impact of supply and demand, it has a positive impact on the price of new pentanediol. From the perspective of downstream demand, the recovery of the downstream paint industry is slow, and demand remains weak. The enterprise has a strong wait-and-see atmosphere, with a focus on essential procurement.

3、 Future prospects

In mid to late March, the trend of the new pentanediol market may fluctuate slightly and rise mainly. The upstream isobutyraldehyde market has slightly increased, with increased cost support. The downstream paint market has a strong wait-and-see atmosphere, with enterprises mainly focusing on procurement for immediate needs. Business Society’s new pentanediol analyst believes that in the short term, the market for new pentanediol may experience slight fluctuations and increases due to various factors such as supply and demand and raw materials.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, as of March 8th, the average price of refrigerant R22 was 24166.67 yuan/ton, an increase of 2.11% from the beginning of the month’s price of 23666.67 yuan/ton, and an increase of 19.83% compared to the same period last year

According to the Commodity Market Analysis System of Shengyishe, as of March 8th, the average price of refrigerant R134a was 30666.67 yuan/ton, which was the same as the beginning of the month and increased by 21.05% compared to the same period last year.

2、 Market analysis

As of March 8th, the domestic price of trichloromethane has risen by 10.95% within the month, while the price of hydrofluoric acid has remained stable. The continuous increase in raw material costs has provided some support for the domestic refrigerant R22 market price. At the same time, with the support of the second generation refrigerant quota reduction, manufacturers have maintained a positive attitude towards price, and downstream demand has not decreased. With this support, the domestic refrigerant R22 market price continues to rise.

Entering March, the domestic price of trichloroethylene continued to fluctuate at a relatively low level, while the overall price of hydrofluoric acid remained stable. The upstream raw material prices fluctuated weakly, and the refrigerant quota policy was implemented. Industry and trade entities continued to be optimistic about the future market situation of refrigerants. In addition, downstream stocking started, and the market played a long short game. As a result, the overall price of R134a in China remained stable.

3、 Future Market Forecast

According to refrigerant analysts from Business Society, supported by costs and demand, the domestic R22 market price will continue to remain strong in the short term. Long short game, in the short term, the price of R134a will continue to operate at the current level with slight consolidation.

According to data monitored by Business Society, the price of carbon black remained stable and upward this week. As of the 8th, the domestic N220 carbon black market price was 10300 yuan/ton.

In terms of raw materials, the market price of coal tar has risen this week. As of the 7th, the price of coal tar was 4925 yuan/ton. After the Spring Festival, the third round of price reduction for coke has landed, and the profitability of coke enterprises is about to lose, leading to a decline in their operating rate. The supply of coal tar in the field is tight, and downstream enterprise raw material inventory is rapidly digesting. The enthusiasm for purchasing coal tar has greatly increased, and the operating load of coke enterprises continues to decrease. The supply of coal tar in the field is relatively tight, and prices have risen. At present, the terminal demand for high-temperature coal tar is still acceptable, providing strong support for the cost of carbon black.

Construction status: Most carbon black enterprises have maintained a high level of construction this week.

In terms of terminals: The tire industry has abundant domestic and foreign sales orders, significantly increased production, and improved shipments. The current market inquiry enthusiasm has significantly increased, and the demand for raw material carbon black is still acceptable.

In the future, the rising prices of high-temperature coal tar in the market will strengthen the support for the cost of carbon black; The downstream tire industry has seen a significant increase in inquiries for entry into the market, and merchants have a good purchasing mentality. It is expected that the carbon black market will operate steadily, moderately, and strongly in the short term.