1、 Price trend

According to the commodity market analysis system of Shengyishe, the price of pure benzene has slightly increased this month. Since the beginning of the month, the price of pure benzene has been rising, and after mid month, the price has remained stable. However, the price has slightly declined towards the end of the month. On June 1st, the price was 9125 yuan/ton; On June 31st, the price was 9368 yuan/ton, an increase of 2.66% from the beginning of the month and 51.41% from the same period last year.

2、 Analysis and Review

Pure benzene: The inventory in East China ports has decreased rapidly, with a total volume of less than 20000 tons, and multiple factories have low inventory. The market supply is tight, and the pure benzene market remains volatile at a high level. Night trading of pure benzene negotiated around 9350 yuan/ton.

This month, the price of Sinopec pure benzene has risen to 9450 yuan/ton.

Downstream aspect

The styrene market fluctuated and fell, with more maintenance of styrene units in June. The inventory of styrene remains low, and domestic supply remains at a relatively low level. However, the losses in the styrene industry continue to expand, and downstream resistance to high prices has suppressed the increase in the styrene market.

3、 Future Market Forecast

Crude oil: International oil prices are rising. The NYMEX crude oil futures 08 contract rose by $0.90 per barrel, or 1.11%, at 81.63%; ICE oil futures contract 08 rose $0.77 per barrel, or 0.90%, on 86.01. The main contract of China INE crude oil futures, 2408, fell 1.9 to 618.8 yuan/barrel, and rose 5.0 to 623.8 yuan/barrel in overnight trading.

The fundamentals are showing an upward trend in the short term, with sufficient supply on the market. Pure benzene may continue to rise in the short term, and we are waiting to see if the cost and demand sides can improve. Continue to monitor the trends of crude oil and external markets, as well as the impact of changes in demand and downstream equipment dynamics on the price of pure benzene.

This week, the price of isooctanol stopped falling and stabilized

According to the Commodity Market Analysis System of Business Society, as of June 24th, the price of isooctanol was 9880 yuan/ton, a fluctuation decrease of 1.00% compared to the price of isooctanol on June 17th, which was 9980 yuan/ton; Compared to June 14th, the price of isooctanol fluctuated and decreased by 1.59% to 10040 yuan/ton. This week, the price of isooctanol has fluctuated and fallen, and downstream factories are facing difficulties in sales. Enterprises have average enthusiasm for raw material procurement. Shandong’s large factories have average shipments, while the price of isooctanol has declined narrowly, with downstream purchases mainly focused on small orders. The manufacturer’s shipments are poor, downstream customers have a strong demand for procurement, and the support for the rise of isooctanol is weakened.

This week, the high price of raw material propylene has fallen back

According to the propylene commodity market analysis system of Business Society, as of June 24th, the propylene quotation was 7165.75 yuan/ton, a decrease of 1.82% compared to the propylene price of 7298.25 yuan/ton on June 17th; The price of propylene increased by 2.47% compared to 6993.25 yuan/ton on June 14th. Crude oil prices have fluctuated and risen, with increased support for propylene costs. This week, propylene prices rose first and then fell; Downstream production of propylene has decreased, downstream customers have just needed to purchase, and propylene manufacturers have average shipments. The supply and demand of the propylene market are weak, and the price of propylene is consolidating at a high level.

Downstream plasticizer prices have fluctuated and fallen this week

According to the Commodity Market Analysis System of Shengyishe, as of June 24th, the price of plasticizer DOP was 10075 yuan/ton, a fluctuation decrease of 1.35% compared to the DOP price of 10212.50 yuan/ton on June 17th; Compared to June 14th, the DOP price of 10250 yuan/ton decreased by 1.71%. The market for plasticizer DOP raw material phthalic anhydride has stabilized, while the price of isooctanol has fluctuated and fallen. The cost of plasticizer DOP has decreased, and the production of plasticizer DOP enterprises is stable. The supply of plasticizer DOP is sufficient. Downstream construction is expected to rise, and demand is stabilizing. The support for the rise of plasticizers still exists.

Future expectations

According to analysts from Business Society’s octanol product data, in terms of cost, propylene prices are consolidating at a high level, while support for the cost of isooctanol still exists; On the supply side, iso octanol manufacturers have low inventory and average shipments; In terms of demand, downstream plasticizer product prices of isooctanol have fluctuated and fallen, and downstream demand will stabilize in the future. Overall, the supply of isooctanol is tightening and demand is stabilizing, while cost support still exists. It is expected that the price of isooctanol will fluctuate and consolidate in the future.

The price of plasticizer DOP fluctuated and fell this week

According to the Commodity Market Analysis System of Shengyishe, as of June 14th, the price of plasticizer DOP was 10250 yuan/ton, a fluctuation decrease of 1.44% compared to the DOP price of 10400 yuan/ton on June 7th. The market for plasticizer raw material phthalic anhydride has declined, the price of isooctanol has fluctuated and fallen, the cost of plasticizers has decreased, plasticizer DOP enterprises are operating steadily, and the supply of plasticizer DOP is sufficient.

The price of raw material isooctanol fluctuated and fell this week

 
According to the Commodity Market Analysis System of Shengyishe, as of June 14th, the quotation for isooctanol was 10040 yuan/ton, a volatile decrease of 1.18% compared to the quotation for isooctanol on June 7th, which was 10160 yuan/ton. This week, the price of isooctanol has fluctuated and fallen, and downstream factories are facing difficulties in sales. Enterprises have average enthusiasm for raw material procurement. Shandong’s large factories have average shipments, while the price of isooctanol has declined narrowly, with downstream purchases mainly focused on small orders. Isooctanol manufacturers have poor shipments, and downstream customers have a strong demand for purchases, weakening the support for the rise of isooctanol.

Future expectations

Business Society plasticizer product data analysts believe that the price of raw material isooctanol has fluctuated and fallen this week, and the cost of plasticizer DOP has decreased; Downstream manufacturers are expected to rise, while demand for plasticizers is expected to rebound. In the future, the price of isooctanol will fluctuate and fall, the price of phthalic anhydride will fall, the cost of raw materials will decrease, downstream demand is expected to rebound, and the price of plasticizer DOP will fluctuate and stabilize.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, the price of isopropanol rose first and then fell this week, and overall, the price has increased. Last Friday, the average price of isopropanol in China was 8632 yuan/ton, while this Friday’s average price was 8680 yuan/ton. The price increased by 0.56% during the week.

The market price of isopropanol has fallen this week. This week’s market situation is still good, with many downstream inquiries, so be cautious when purchasing goods. Upstream acetone prices have increased, with strong support for isopropanol costs, and market prices have followed suit. The downstream market has limited acceptance capacity in the later stage, resulting in a price correction. As of now, the majority of isopropanol market quotations in Shandong region are around 8300-8600 yuan/ton; The majority of isopropanol prices in the Jiangsu and Zhejiang regions are around 8900-9000 yuan/ton.

In terms of raw material acetone, the acetone market has declined this week. Last Friday, the average price of acetone was 8062.5 yuan/ton, while this Friday’s average price is 8262.5 yuan/ton, with a price increase of 2.48%. At present, downstream procurement sentiment is good, factory inventory is low, and the acetone market continues to rise.

In terms of propylene, the propylene market fell first and then rose this week, with an overall decline. Last Friday, the average domestic propylene price was 6854.6 yuan/ton, while this Friday’s average price was 6914.6 yuan/ton, with a price increase of 0.88%. At present, the inventory of enterprises is low, and downstream demand for goods is high. It is expected that the market will tend to strengthen and consolidate in the short term.

3、 Future Market Forecast

The isopropanol analyst from the Chemical Branch of Shengyishe believes that the market price of isopropanol rose first and then fell this week, and overall, the price has increased. The acetone market is on the rise, while the propylene market is experiencing an increase in prices, providing strong cost support. However, downstream orders are generally accepted, with a focus on demand. It is expected that the short-term isopropanol market will temporarily stabilize, consolidate and operate.

In May 2024, the prices of upstream raw material dissolved pulp remained strong, providing support to the market. However, downstream cotton yarn enterprises maintained their rigid demand and had thin profits. They did not have a high willingness to stock raw material viscose staple fibers, and there was no obvious improvement in demand. Downstream yarn factories mainly consumed inventory, with limited release of new orders on site. Viscose staple fiber manufacturers mainly executed shipments; Some factories have tight shipments, and there is no inventory pressure on enterprises. The atmosphere of observation on site is becoming stronger. The mainstream market price is between 12900-13200 yuan/ton, and the price is relatively stable.

According to the commodity market analysis system of Business Society, in May 2024, the price of viscose short fibers remained weak and stable. As of May 31st, the domestic ex factory quotation for 1.2D * 38mm adhesive short fiber is 13180 yuan/ton, an increase of 20 yuan/ton from the beginning of the month’s price of 13160 yuan/ton, which is basically stable.

In terms of supply: In May 2024, the operating rate of the adhesive short fiber industry remained stable, and production remained stable. The overall market supply has slightly decreased. The inventory of various manufacturers is still at a low level, and some factories have tight shipments. There is currently no inventory pressure, and there is some positive support on the supply side.

In terms of demand: In May 2024, the downstream cotton yarn market will mainly execute orders, with little price change. There is not a high willingness for inventory of raw material viscose short fibers, and there is no obvious improvement in demand. Downstream yarn factories mainly consume inventory, and the release of new orders on site is limited.

In terms of cost: In May 2024, the market price of raw material dissolution slurry remained stable, providing support to the market. The market prices of auxiliary material liquid alkali and sulfuric acid remained stable, and the cost center remained stable. At present, the production of dissolved slurry in Hunan and Shandong facilities in China is around 7700 yuan/ton, and the price remains stable. Actual orders are negotiated.

Downstream cotton yarn market

In May 2024, downstream cotton yarn was weakly consolidated, with market orders being the main focus. Some manufacturers adjusted prices narrowly, resulting in a slight decline in overall prices. Overall shipments were average, inventory was basically maintained, and demand side performance was weak. Downstream demand has not improved significantly, and actual transactions on the market are limited. As of May 31st, the average ex factory price of human cotton yarn (30S, ring spun, first-class) was 17225 yuan/ton, a decrease of 50 yuan/ton from the beginning of the month, with a monthly decrease of 0.29%.

Future Market Forecast

The prices of upstream raw materials in the market are strong and stable, with low inventory from various manufacturers and tight shipments from some factories, which provides support for the market. Downstream enterprises have average purchasing power, and they mainly deliver early orders. The overall speed of market sales may continue to be stable. The replenishment cycle for downstream yarn enterprises is approaching, but their acceptance of viscose short fibers is limited. The wait-and-see atmosphere in the market is gradually increasing, and it is expected that the short-term viscose short fiber market has a high probability of stabilizing prices. The cotton yarn market will mainly operate weakly and steadily, and the price of viscose short fibers is expected to be between 13000-13200 yuan/ton.