The plasticizer sector continued to rise slightly in May

 

According to the Commodity Market Analysis System of Shengyishe, the plasticizer sector reached 816 points on June 3rd, an increase of 3 points from the previous trading day, and an increase of 33 points or 4.21% from the plasticizer sector index of 783 points on May 1st. The plasticizer sector index slightly increased in May, and the plasticizer sector index continued to rise.

 

According to the commodity market analysis system of Shengyishe, the plasticizer sector saw a full increase in products in May, with a significant increase in the upstream of the main plasticizer sector and a slight increase in plasticizer products; The market for plasticizers has risen.

 

May saw a slight increase in plasticizer products

 

According to the Commodity Market Analysis System of Business Society, the increase in plasticizer products narrowed in May. As of May 31st, the price of DOP was 10112.50 yuan/ton, an increase of 3.32% compared to the price of 9787.50 yuan/ton on May 1st; On May 31st, the price of DOTP was 10137.50 yuan/ton, an increase of 2.53% compared to the price of 9887.50 yuan/ton on May 1st; On May 31st, the DBP price was 9533.33 yuan/ton, an increase of 2.10% compared to the DBP price of 9337.50 yuan/ton on May 1st. Plasticizer enterprises operate at a high operating rate and have sufficient supply. The main raw material prices have risen, supported by the cost of plasticizer raw materials, and the prices of plasticizer products have continued to rise. With the stimulation of macroeconomic policies, the demand for plasticizers has rebounded, and the price increase of plasticizers in May has provided significant support.

 

The price of isooctanol fluctuated and rose in May

 

According to the Commodity Market Analysis System of Shengyishe, as of May 31st, the quotation for isooctanol was 9900 yuan/ton, a fluctuating increase of 2.48% compared to the quotation of 9660 yuan/ton on May 1st. In May, the price of isooctanol was at the bottom of the market, and there was limited room for its decline. Since the domestic isooctanol market hit bottom in mid April, the price center of isooctanol has slowly shifted upwards. From the demand side, the rotating maintenance of downstream plasticizers and isooctyl acrylate units in May resulted in low continuity of buying, and the fluctuation range of isooctyl alcohol narrowed. The market for isooctanol lacks continuous upward momentum, and the price of isooctanol has fluctuated slightly.

 
The price of n-butanol fluctuated and rose in May

 

According to the analysis system of n-butanol commodity market by Business Society, as of May 31, the quoted price of n-butanol was 8366.67 yuan/ton, an increase of 6.81% compared to the price of n-butanol on May 1, which was 7833.33 yuan/ton. The supply and demand of n-butanol are weak, and the overall market is operating quietly. In the first and second half of the year, some downstream small areas require replenishment, and the focus of the n-butanol market is slightly upward. The overall production capacity utilization rate of n-butanol has not changed much, the overall market supply is stable, the trading atmosphere in the n-butanol market is average, the main factories of n-butanol have stable shipments, downstream demand for n-butanol has rebounded, and the price of n-butanol has fluctuated and risen.

 

The price of phthalic anhydride fluctuated and rose in May

According to the market analysis system for phthalic anhydride products by Business Society, as of May 31, the quoted price of phthalic anhydride was 8187.50 yuan/ton, an increase of 6.06% compared to the price of phthalic anhydride on May 1, which was 7720 yuan/ton. The price of raw material ortho benzene has increased, and the cost of phthalic anhydride has increased; In the middle and late stages, the phthalic anhydride unit underwent centralized maintenance, and its daily production capacity utilization rate has dropped to 59%. The supply of phthalic anhydride has decreased, supporting the rise in phthalic anhydride prices, and the cost line of plasticizers has slightly increased.

 

In May, the PTA price of raw materials first fell and then rose

 

According to the PTA commodity market analysis system of Shengyishe, as of May 31st, the PTA quotation was 6010 yuan/ton, which decreased and then increased compared to the PTA price of 5940.50 yuan/ton on May 1st, with an increase of 1.17%; The PTA price fluctuated and increased by 3.55% compared to 5804 yuan/ton on May 14th. PTA manufacturers have frequent maintenance, resulting in a decrease in PTA supply; The release of raw materials has led to a high number of short stops by PX manufacturers in the international market, resulting in a tight supply of PX and significant support for rising raw material prices, PTA costs, and PTA prices.

 

Expected decrease in downstream demand

 

Due to the increase in planned maintenance enterprises, PVC production has decreased. The operating rate of downstream product enterprises is around 50%, a decrease compared to the previous month and the same period last year. Short term fundamental supply has decreased due to maintenance, and domestic and international demand has remained weak, especially in the export market. The difficulty of accepting orders has increased, resulting in weak supply and demand in the PVC market; In the medium to long term, policy incentives in the PVC market to reduce inventory and quantify inventory are difficult to bring benefits to new construction projects. Real estate has boosted demand in the building materials market, and spot fundamentals are cautious and cautious. There is not much planned maintenance in June, and new production capacity is planned to be put into operation, resulting in increased supply and poor demand performance, which has a certain drag on the market. The supply and demand in foreign markets are weak due to maintenance and off-season constraints. Overall, the supply and demand of PVC and downstream markets are weak, and the support for plasticizer demand remains weak.

 

Future expectations

 

Business Society plasticizer product data analysts believe that in May, plasticizer manufacturers saw a decrease in production, with upstream isooctanol manufacturers and downstream PVC product enterprises experiencing varying degrees of maintenance and production decline. The overall supply of plasticizers is tight; Downstream production has decreased, and downstream demand for plasticizers is expected to decrease. In the future, with the completion of enterprise maintenance and the double increase of supply and demand, the supply of plasticizers is sufficient and the demand is recovering; The rise in raw material prices has slowed down, and the support for the increase in plasticizer costs has weakened; Downstream demand support is increasing, and prices in the plasticizer sector will consolidate strongly in the future.

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According to the commodity market analysis system of Business Society, the price of cryolite remained stable in May. As of May 31st, the average market price in Henan Province was 7550 yuan/ton, which remained stable compared to the price of 7550 yuan/ton at the beginning of the month, and remained unchanged compared to the previous month.

 

In May, the domestic ice crystal market was in a wait-and-see operation, with major ice crystal enterprises showing significant stability in their quotations and minor fluctuations. In May, raw material prices continued to rise strongly, putting continuous cost pressure on the ice crystal market. Most ice crystal enterprises have firm and stable quotations, while some enterprises are affected by costs and manufacturers are under production pressure, resulting in an increase in ice crystal prices. Although upstream prices continue to rise, due to strong resistance towards high priced ice crystals and limited market trading, downstream enthusiasm for entering the market is not high, and insufficient demand suppresses the rise in ice crystal prices. Therefore, most ice crystal manufacturers remain stable in their quotations despite strong raw material prices.

 

The upstream fluorite market continued to rise in May. As of May 31st, the average price of fluorite was 3806.25 yuan/ton, an increase of 3.57% compared to the beginning of the month price of 3675.00 yuan/ton. The game situation in the domestic fluorite industry still exists, with upstream mining being tight and backward mines continuing to be phased out. In terms of adding new mines, mineral investigation work remains difficult. In addition, recent national departments have issued price inquiries to rectify fluorite mines, which has restricted fluorite enterprises from starting production. The supply of goods on site is tight, and fluorite prices continue to rise.

 

Market forecast: The price of ice crystal raw materials will continue to remain strong, and ice crystal production will be under pressure, with good support for raw materials; Downstream resistance is strong, demand for purchasing is light, and ice crystal enterprises have poor shipments; The supply-demand game on the market is obvious, and the rise of ice crystals is weak. It is expected that the ice crystal market will remain stagnant in the later stage, and prices may rise slightly. In the future, attention will be paid to upstream price changes and downstream follow-up.

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Price trend

 

According to the Commodity Market Analysis System of Business Society, the sulfur price trend in East China fell first and then rose this week. On May 31st, the sulfur price was 1056.67 yuan/ton, which is a 0.31% overall decrease compared to the sulfur price of 1060.00 yuan/ton on May 25th.

 

This week, the sulfur market is weak and consolidating. The downstream sulfuric acid market is weak, the market is not operating high, the demand for sulfur is limited, refinery shipments are poor, and sulfur prices continue to decline weakly. In the later stage, there will be refinery equipment maintenance in Shandong region, and the supply of market goods has decreased. The willingness of operators to increase prices has increased, and some refineries have slightly increased their prices based on their own inventory situation. However, during the off-season of downstream demand, there is insufficient support for good sulfur, and the overall market trend is still weak. As of the 31st, the mainstream price of solid sulfur in refineries in Shandong region is between 1050-1070 yuan/ton; The mainstream price of liquid sulfur is between 1000-1110 yuan/ton.

 

Downstream market trends in the industrial chain

 

The downstream sulfuric acid market is operating weakly and steadily, with an average domestic sulfuric acid price of 247.50 yuan/ton on May 31, which is unchanged from the price of 247.50 yuan/ton on May 25. The domestic sulfuric acid market is mainly stable, with low production and low enterprise inventory. However, downstream demand is weak, and market trading is not good, which to some extent suppresses the rise of sulfuric acid prices. There is a clear supply-demand game on the market, and the sulfuric acid price trend is temporarily stable.

 

The downstream market for ammonium phosphate showed a strong upward trend, with an average market price of 55% powdered ammonium phosphate at 3150.00 yuan/ton on May 31, an increase of 3.05% compared to the price of 3056.67 yuan/ton on May 25. The demand for ammonium phosphate summer fertilizer market is strong, with a large amount of factories waiting to be shipped. Manufacturers are in a tight supply situation, and most of them are suspending orders and executing orders waiting to be shipped. The market demand is improving, and at the same time, the raw material phosphate ore market is strong, with stable cost support. The price of ammonium phosphate continues to rise.

 

Future Market Forecast

 

According to sulfur analysts from Business Society, the supply pressure in the sulfur market has weakened to some extent, and some refineries have increased their willingness to increase prices. However, downstream demand for sulfuric acid is sluggish, and on-site trading is weak. Although the phosphate fertilizer market is improving, the transmission support for upstream sulfur costs is limited. In addition, the upstream and downstream are affected by buying up but not falling sentiment. Under the supply-demand game, it is expected that the sulfur market will observe and consolidate in the short term, with prices stabilizing slightly. Specific attention will be paid to downstream follow-up.

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According to the Commodity Market Analysis System of Business Society, as of May 30th, the average quoted price of acrylic acid in East China was 6925.00 yuan/ton, an increase of 1.47% compared to May 1st (the reference price of acrylic acid was 6825.00 yuan/ton).

 

From the data monitoring chart of Business Society, it can be seen that the market remained stagnant after a slight increase in acrylic acid prices in May.

 

In the first ten days, the price of raw material propylene fluctuated narrowly and rose, with cost support still acceptable. The factory mainly executes pending orders in an orderly manner, and the supply side is tight. Downstream follow-up and replenishment are appropriate after the holiday, and new orders are smoothly executed, with no pressure on the market to increase prices.

 

In mid month, the price of raw material propylene fluctuated slightly, with limited cost support. The supply of goods in the Shandong market is sufficient, but the demand side lacks follow-up motivation. Enterprises are actively shipping, with some discounts to promote transactions. The supply in the East China market is relatively low, and production enterprises tend to offer stable market views. Downstream buyers have a cautious attitude towards buying at high prices, choosing to buy at low prices as needed. The rise in acrylic acid is weak, and the market is gradually under pressure.

 

In the latter half of the year, the price of raw material propylene fluctuated narrowly, and the cost of acrylic acid fluctuated with the price of raw materials, creating a strong wait-and-see atmosphere in the market. The inventory pressure on the supply side is controllable, and market transactions are in high demand. Many factories maintain a stable trend, and dealers mainly negotiate according to their own situation.

 

Raw Material Propylene: According to the Commodity Market Analysis System of Business Society, as of May 29th, the quotation for propylene was 6860.6 yuan/ton, a slight increase of 0.88% compared to the quotation of 6800.6 yuan/ton on May 1st. In May, the price of raw material propylene fluctuated and stabilized, providing sufficient support for the acrylic acid market.

 

Future Market Forecast:

 

The acrylic acid analyst from Business Society believes that the current market performance is average, and companies have a positive attitude towards shipping. In the future, the price of raw material propylene may consolidate at a high level, and short-term cost support may still exist. Market transactions may continue to be dominated by rigid demand. It is expected that the acrylic acid market will stabilize slightly in the short term, and more attention should be paid to market news guidance.

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The price of plasticizer DOTP fluctuated and rose in May

 

According to the Commodity Market Analysis System of Shengyishe, as of May 29th, the price of plasticizer DOTP was 10250 yuan/ton, an increase of 3.67% compared to the DOTP price of 9887.50 yuan/ton on May 1st at the beginning of the month. The price of plasticizer raw material phthalic anhydride has risen, the price of isooctanol has fluctuated and risen, the cost of plasticizer has increased, the profit of plasticizer DOTP has decreased, the production of plasticizer DOTP enterprises has decreased, and the supply of plasticizer DOTP has decreased.

 

The price of raw material isooctanol fluctuates and rises

 

According to the Commodity Market Analysis System of Shengyishe, as of May 29th, the quotation for isooctanol was 9950 yuan/ton, an increase of 3.00% compared to the quotation of 9660 yuan/ton on May 1st. In May, the price of isooctanol was at the bottom of the market, and there was limited room for its decline. Since the domestic isooctanol market hit bottom in mid April, the price center of isooctanol has slowly shifted upwards. From the demand side, the rotating maintenance of downstream plasticizers and isooctyl acrylate units in May resulted in low continuity of buying, and the fluctuation range of isooctyl alcohol narrowed. The market for isooctanol lacks continuous upward momentum, and the price of isooctanol has fluctuated slightly.

 

The price of raw material phthalic anhydride fluctuated and increased in May

 

According to the market analysis system for phthalic anhydride products by Shengyishe, as of May 29th, the quoted price of phthalic anhydride was 8187.50 yuan/ton, a fluctuation increase of 6.06% compared to the price of phthalic anhydride on May 1st, which was 7720 yuan/ton. The price of raw material ortho benzene has increased, and the cost of phthalic anhydride has increased; In the middle and late stages, the phthalic anhydride plant underwent centralized maintenance, and its daily production capacity utilization rate has dropped to 59%. The supply of phthalic anhydride has decreased, supporting the rise in phthalic anhydride prices and the cost of plasticizer DOTP has increased.

 

In May, the PTA price of raw materials first fell and then rose

 

According to the PTA commodity market analysis system of Business Society, as of May 29th, The PTA quotation is 5972 yuan/ton, which is a decrease followed by an increase of 0.53% compared to the PTA price of 5940.50 yuan/ton on May 1st; The PTA price fluctuated and increased by 2.89% compared to 5804 yuan/ton on May 14th. PTA manufacturers have a lot of maintenance, PTA supply has decreased; Raw materials are released, and PX manufacturers in the international market have frequent short stops, PX supply is tightening, with significant support from rising raw material prices, PTA cost support, PTA gains provide significant support.

 

Expected decrease in downstream demand

 

Affected by the increase in planned maintenance enterprises, The production of PVC has decreased. The operating rate of downstream product enterprises is around 50%, a decrease compared to the previous month and the same period last year. Short term fundamental supply has decreased due to maintenance, and domestic and international demand remains weak, especially in the export market, making it more difficult to accept orders, The supply and demand of PVC market are weak; In the medium to long term, The policy stimulus in the PVC market to reduce inventory and quantify inventory is difficult to bring benefits to new construction projects. The real estate market has boosted demand for building materials, and the spot fundamentals are cautious and cautious. There is not much planned maintenance in June, and new production capacity is planned to be put into operation, resulting in increased supply and poor demand performance, which has a certain drag on the market. The supply and demand in foreign markets are weak due to maintenance and off-season constraints. Overall, The supply and demand of PVC and downstream markets are weak, and the support for plasticizer demand remains weak.

 

Future expectations

Business Society plasticizer product data analysts believe that the production of plasticizer DOTP manufacturers has decreased, and upstream isooctanol manufacturers and downstream PVC product enterprises have experienced varying degrees of maintenance and production decline. The overall supply of plasticizer sector is tight; Downstream production has decreased, and downstream demand for plasticizers is expected to decrease. In the future, with the completion of enterprise maintenance and the double increase of supply and demand, the supply of plasticizers is sufficient and the demand is recovering; The rise in raw material prices has slowed down, and the support for the increase in plasticizer costs has weakened; Downstream demand support is increasing, and the price of plasticizer DOTP will consolidate strongly in the future.

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