This week (8.11-8.19), the acrylonitrile market continued to decline slightly. According to the Commodity Market Analysis System of Business Society, as of August 19th, the bulk water price in the acrylonitrile market was 8312 yuan/ton, a decrease of 1.04% from last Friday’s 8400 yuan/ton. At present, the self pickup price of acrylonitrile in the market is between 8200 to 8400 yuan/ton. The slight increase in raw material prices still provides cost support for acrylonitrile; Downstream construction has slightly increased compared to the early stage, and the demand for acrylonitrile has slightly increased compared to the early stage; The increase in the operation of acrylonitrile units has a certain negative impact on acrylonitrile.

This week (8.11-8.19), the domestic acrylonitrile production has remained stable, with a production rate of around 7.8%.

This week (8.11-8.19), the raw material propylene market slightly rose and fluctuated, and the cost of acrylonitrile continued to support. According to the Commodity Market Analysis System of Business Society, as of August 19th, the domestic propylene price was 6813 yuan/ton, a slight increase of 0.0774% compared to last Friday’s 6763 yuan/ton.

It is understood that downstream ABS prices have risen this week, with construction starting around 8.6%, a slight increase compared to the beginning of the month; The nitrile rubber orchidization plant was partially restarted, but Jinpu Yingsa shut down for maintenance, resulting in a slight decline in industry production, while acrylic fiber production remained at a low level. Overall, the downstream main industry of acrylonitrile has seen a slight increase in construction, while the demand for acrylonitrile support has slightly increased.

Future forecast: Acrylonitrile analysts from Business Society believe that the current supply pressure has increased and there is some support in the demand side. Overall, it is expected that the price of acrylonitrile in the market will fluctuate within a narrow range in the short term.

According to the Commodity Market Analysis System of the Business Society, the average TDI market price in East China on August 17th was 19100.00 yuan/ton, an increase of 1.24% compared to the previous working day of 18866.67 yuan/ton, indicating a strong market trend. The factory’s stock is tight, prices are firm, and suppliers are strong in the market. The market has learned that the latest executed price of TDI at a certain factory in Shanghai is 20200 yuan/ton, with a month on month increase of 700 yuan/ton. The supplier’s news guides the trade market’s quotation to rise, and TDI prices have risen. Downstream parties have resistance to high prices, and purchasing in the market follows up on demand. The market supply and demand game, and the trading atmosphere is weak, which to some extent suppresses the increase of TDI.

At present, the supply of goods is tight, and the supplier’s mentality is relatively strong. It is expected that the short-term TDI market will consolidate and operate at a high level, and specific attention will be paid to the situation of factory equipment.

Recent price trends of isooctanol

According to the Commodity Analysis System of Business Society, the price of tetrahydrofuran in the domestic market has slightly increased this week. This week, the average price of tetrahydrofuran in the mainstream domestic market increased from 12210.00 yuan/ton at the beginning of the week to 12612.50 yuan/ton at the weekend, an increase of 3.30%. Weekend prices fell by 29.54% year-on-year.

Upstream support is good, while downstream demand increases

From the supply side perspective, the prices of mainstream domestic tetrahydrofuran distributors have slightly increased this week, with average inventory levels.

From the upstream raw material market of tetrahydrofuran, the market for 1,4-butanediol has slightly increased this week, with prices rising from 11214.29 yuan/ton at the beginning of the week to 11350 yuan/ton at the end of the week, an increase of 1.21%. Weekend prices increased by 13.50% year-on-year. This week, the market for maleic anhydride fluctuated and fell, with prices dropping from 6480 yuan/ton at the beginning of the week to 6440 yuan/ton at the end of the week, a decrease of 0.62%. Weekend prices fell 11.54% year-on-year. Overall, the upstream raw material market has seen more price increases than decreases, with good cost support. Affected by the supply and demand side, it has a positive impact on the price of tetrahydrofuran.

From the downstream market of tetrahydrofuran, the price of spandex in the market has slightly increased this week. The price of spandex has increased from 33500.00 yuan/ton at the beginning of the week to 33625.00 yuan/ton at the weekend, an increase of 0.37%. Weekend prices fell by 1.39% year-on-year. Downstream spandex market prices have slightly increased, and downstream customers are actively increasing their purchases of tetrahydrofuran.

Future prospects

In mid to late August, the domestic tetrahydrofuran market may experience slight fluctuations and gains. The upstream 1,4-butanediol market has slightly increased, with good cost support. The downstream spandex market has slightly increased, and downstream demand has increased. Business Society tetrahydrofura

n analysts believe that in the short term, the domestic tetrahydrofuran market may fluctuate slightly and rise mainly due to various factors such as supply and demand and raw materials.

1、 Price trend

According to the Commodity Analysis System of Business Society, the domestic isobutyraldehyde market prices have stabilized at a high level this week. The average price of isobutyraldehyde in the mainstream domestic market this week is 8100.00 yuan/ton. Weekend prices increased by 16.83% year-on-year. On August 14th, the isobutyraldehyde commodity index was 41.12, unchanged from yesterday, a decrease of 61.05% from the cycle’s highest point of 105.58 points (2021-09-16), and an increase of 36.52% from the lowest point of 30.12 points on October 7, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

2、 Market analysis

From the supply side perspective, the mainstream manufacturers of isobutyraldehyde have temporarily stabilized their quotations this week and have low inventory.

From the perspective of the upstream and downstream industry chains, the propylene market in the upstream raw material market of isobutyraldehyde has slightly increased this week, with prices rising from 6733.25 yuan/ton at the beginning of the week to 6763.25 yuan/ton at the weekend, an increase of 0.45%. Weekend prices fell 6.98% year-on-year. The upstream raw material market prices have slightly increased, with good cost support. Affected by the supply and demand side, it has a positive impact on the price of isobutyraldehyde. From the perspective of the downstream industry chain, the market price of neopentyl glycol has slightly increased, with the market price rising from 9350.00 yuan/ton at the beginning of the week to 9666.67 yuan/ton at the weekend, an increase of 3.39%. The market situation of neopentyl glycol has slightly increased, and downstream demand has increased, which has a positive impact on isobutyraldehyde.

3、 Future prospects

The market trend of isobutyraldehyde in mid to late August may be mainly fluctuating and rising. The upstream propylene market has slightly increased, with good cost support. The downstream neopentyl glycol market has slightly increased, and downstream procurement enthusiasm has increased. Business Society isobutyraldehyde analysts believe that in the short term, the isobutyraldehyde market may experience slight fluctuations and gains due to various factors such as supply and demand and raw materials.

According to the Commodity Market Analysis System of Business Society, from August 4th to August 11th, 2023, the weekly auction price of crude benzene increased, reaching 7268.75 yuan/ton this weekend and 7198.75 yuan/ton last weekend, with a weekly increase of 0.97%.

In terms of crude oil: During this cycle, the crude oil market rose first and then fell, with an overall upward trend. On August 10th, international crude oil futures closed lower. The settlement price of the main contract for WTI crude oil futures in the United States was $82.82 per barrel, a decrease of $1.58 or 1.9%. The settlement price of the main contract for Brent crude oil futures was $86.40 per barrel, a decrease of $1.15 or 1.3%. The weak economic data in the United States, coupled with the uncertain outlook for Chinese demand, has put pressure on the oil market and led to a downward trend.

The factory price of Sinopec pure benzene has increased by a total of 150 yuan/ton during this cycle, with a current implementation of 7750 yuan/ton.

Other companies: Jingbo Petrochemical quoted 7800 yuan/ton, HSBC Petrochemical quoted 7750 yuan/ton, Weilian Chemical quoted 8003 yuan/ton, Xinhai Petrochemical quoted 7800 yuan/ton, and Hongrun Petrochemical quoted 7750 yuan/ton.

According to the Commodity Market Analysis System of Business Society, the price of pure benzene has slightly increased this week. On August 7th, the price of pure benzene was 7675 yuan/ton, and on Friday (August 11th), the price of pure benzene was 7800 yuan/ton, an increase of 1.66% compared to last week and a decrease of 4.38% compared to the same period last year.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. The weekly K-bar chart of pure benzene shows that the pure benzene market has seen a positive trend in recent times. After ten consecutive weeks of decline, it has continued to rise for six consecutive weeks.

From the perspective of the industrial chain, crude oil continued to show a strong trend this week. The pure benzene market was affected by the tight inventory in East China, and prices continued to rise during the week. Sinopec has raised the ex factory price of pure benzene to 7750 yuan/ton. Driven by the pure benzene market, the hydrogenation benzene market continued to rise this week, but the increase was relatively small.

The auction price of crude benzene continued to rise this week, but the overall increase has tightened. On the supply side, the operating rate of coking enterprises has slightly rebounded this week, and the supply of crude benzene remains slightly tight. In terms of demand, the production of hydrogenation benzene enterprises has slightly declined this week, and the demand is still acceptable. Overall, the tight supply of pure benzene has driven the industry chain up, and the market trading situation has improved. In the future, there has been no significant change in supply and demand, and the trend of hydrogenated benzene will still follow the fluctuations of the pure benzene market. The price of pure benzene is running at a high level, and there is already a resistance mentality in the downstream. However, the overall supply of pure benzene is tight, and the benefits still exist. It is expected that the crude benzene market will continue to operate at a high level in the short term.