Trade name: acetic acid

Latest price (June 28): 4175 yuan / ton

Key points of analysis: today, the quotation of acetic acid enterprises is temporarily stable, the average market price in East China is flat compared with the previous working day, the enthusiasm of downstream purchasing is weakened, the market inquiry is stable, a few just need to follow up, the on-site trading and trading atmosphere is OK, the offer of goods holders is temporarily stable, and the operator’s mentality is wait-and-see.

Aftermarket forecast: the short-term acetic acid market is waiting to be sorted out and operated, and the price fluctuation is not large. Pay attention to the market transaction.

1、 Price summary on June 24:

Shijiazhuang Refining & Chemical Co., Ltd. offered 8400 yuan / ton, Qilu Petrochemical Co., Ltd. offered 8400 yuan / ton,

Yangba offers 8650 yuan / ton,

Guangzhou Petrochemical offers 8650 yuan / ton, Maoming Petrochemical offers 8600 yuan / ton,

Changling Refining & Chemical Co., Ltd. offers 8750 yuan / ton,

2、 Fluctuation trend:

 
3、 Analysis and comments:

In terms of crude oil, the market has returned to fundamentals, and the supply price of crude oil is under tight support. However, affected by the expectation of interest rate hikes by many central banks across the country, the market is worried about the economic recession, and the oil price is still fluctuating in the range.

Crude oil rebounded last Friday, while toluene in Asia fell slightly. Near the end of the month, the downstream air filling operation supported the toluene price.

According to the data of business agency, the chloroform market fell slightly this week (6.17-6.24). As of June 24, the price of chloroform bulk water in Shandong was 3112 yuan / ton, down 6.04% from 3312 yuan / ton last Friday.

Although Jinling and other individual enterprises’ methane chloride plants are operated with reduced load, the domestic methane chloride plants are still operating at a high level, and the supply is still under great pressure. The downstream market demand is stable and weak.

This week (6.17-6.24), the spot price of methanol decreased slightly, and the cost side weakened. According to the business agency, as of June 24, the spot price of methanol was 2655 yuan / ton, down 2.12% from 2712 yuan / ton on June 17.

The downstream refrigerant market of chloroform is running at a high level. With the arrival of high temperature weather, the demand for chloroform is slightly warmer, which has a certain support for chloroform.

Analysts of the methane chloride data of the business agency believe that Jinling unit is operating under reduced load, but the domestic supply side pressure is still on; With the arrival of high temperature weather, the refrigerant demand is supported to a certain extent. It is expected that chloroform will be basically stable in the later period.

According to the monitoring data of business agency, as of June 22, the average price of petroleum asphalt manufacturers in Shandong was 4680 yuan / ton, down 0.89% from the previous trading day and up 38.89% year-on-year. On June 23, the opening price of 2209, the main contract of asphalt futures, was 4320 yuan / ton, down 210 yuan / ton from the previous day. The weak decline of international crude oil led to the decline of asphalt futures price. Although the basic data still have support, the overall support is limited and the cost side is weakened significantly. In terms of spot, the spot resources of asphalt at the end of the month are tight. In the short term, the domestic asphalt spot market is mainly stable with small movements.

According to the nickel price monitoring of the business club, on the 22nd, the average nickel market price was now quoted at 206300 yuan / ton, down 2.79% from the previous trading day and up 56.8% year-on-year.

The currencies of major economies contracted, worries about global economic recession and declining demand rose, and non-ferrous metals generally fell. A large number of nickel ore shipments from the Philippines and the launch of nickel iron production capacity in Indonesia led to an increase in supply, a change in supply and demand pattern and a weakening of nickel price support. The downstream stainless steel plant has raised prices, the spot trading is OK, and the spot price of stainless steel has rebounded. 300 series inventory further decreased, but with the decline of nickel pig iron price, stainless steel cost support also continued to weaken. In addition, most of the steel mills have faced losses. In the future, the steel mills may reduce production or increase production, and the demand for nickel will be weakened.

Forecast: under the condition of strong supply and weak demand, the short-term fluctuation of nickel price is mainly weak.