During the period (7.19-7.26), the acetic acid market in East China was weak, the price trend continued to decline, the raw material side price was mainly volatile, the cost support was limited, the downstream of the demand side was more wait-and-see mentality, the purchase into the market was followed up as required, the overall market trading atmosphere was general, and the acetic acid supply side maintenance equipment was restarted, the market supply increased, and the manufacturer’s goods were weak, the focus of acetic acid negotiation was lower, and the market market was weak.

According to the commodity market analysis system of the business community, as of July 26, the average price of acetic acid in East China was 3166.67 yuan/ton, 2.06% lower than the price of 3233.33 yuan/ton on July 19, 9.83% higher than the beginning of the month. As of July 26th, the market prices of acetic acid in various regions during the week were as follows:

The upstream raw material methanol market first fell and then rose. As of July 26th, the average price in the domestic market was 2255.83 yuan/ton, which is a decrease of 0.62% compared to the price of 2270.00 yuan/ton on July 19th. The high price of raw coal has provided some support for methanol production. In terms of start-up, some methanol plants in the northwest and southwest have recovered in the early stage, leading to an increase in market supply and a downward trend in bearish methanol prices. In the later stage, downstream demand has slightly increased, and the mentality of the operators is optimistic. Methanol prices have slightly increased.

The downstream acetic anhydride market is operating weakly. As of July 26th, the factory price of acetic anhydride was 5137.50 yuan/ton, a decrease of 1.20% compared to the price of 5200.00 yuan/ton on July 19th. The upstream acetic acid price has decreased, the cost of acetic anhydride has decreased, acetic anhydride enterprises are operating steadily, the market supply is sufficient, and downstream demand is limited. The actual market transactions are average, and the price of acetic anhydride has slightly declined.

In the future market forecast, acetic acid analysts from Business Society believe that the maintenance equipment in the acetic acid market has resumed, market supply has increased, and manufacturers’ inventory is still acceptable and maintain active shipments. The enthusiasm of downstream parties to enter the market is average, and market transactions are insufficient. Under the supply and demand game, it is expected that the acetic acid market will be reorganized and operated in the future.

Overview of Boric Acid Market in July

According to the Commodity Market Analysis System of the Business Society, the price of boric acid fell first and then rose in July, causing sideways fluctuations. As of July 26th, the average market price of boric acid in China was 7387.5 yuan/ton, an increase of 0.34% compared to the beginning of the month. However, compared to the beginning of the year, the average market price was 8100 yuan/ton, a decrease of 8.80%.

At present, the external quotation for imported goods is concentrated at 7000-8200 yuan/ton (the actual transaction price of different brands, specifications, and products is mainly negotiated). According to the Commodity Market Analysis System of Business Society, the average market price of imported boric acid is 7590.91 yuan/ton, a decrease of 0.48% compared to the average market price at the beginning of the month.

Business Society Boric Acid Analysts believe that boric acid is gradually entering the long short game stage, with prices mainly fluctuating sideways.

As of July 25th, the current domestic operating rate of BDO is around 67.82%, with a full month operating rate of around 65%. Most downstream terminal areas are in the off-season in July, with small orders for just needed purchases being the main focus, and the overall market is in a tight and balanced supply state.

From the current information, there is a decrease in supply in August. On the demand side, July August is the traditional off-season, while September is the traditional peak season. Downstream demand for BDO is increasing month by month. Based on the current actual supply and demand, it cannot be ruled out that there will be a “mismatch” between supply and demand in the third quarter of BDO. Specifically:

On the supply side, based on the comprehensive calculation of existing maintenance and restart messages, the BDO operation in August was around 54%. If there are new maintenance and unexpected shutdowns, the operation rate will be lower. From this perspective, the BDO supply in August significantly decreased compared to July.

On the demand side, August gradually enters the peak demand season, and the traditional peak season demand base in September is greater than the overall demand in the off-season. Among them, the main downstream PTMEG has maintained tight supply since July, and the seasonal demand for its main downstream spandex from August to September only increases and does not decrease for PTMEG. Another major downstream PBT is that the demand for spinning in the peak season will be higher than that in the off-season, while the demand for GBL, degradable materials, PU, TPU, and other fields will maintain and have the potential for slight growth.

Overall, it is expected that BDO in the third quarter, especially from August to September, will gradually decrease in market supply and inventory, and demand will inevitably increase under the peak season effect, with a high probability of tight market supply.

Product name: PVC

Latest price: 5683.33 yuan/ton

Key points of analysis: The PVC market was operating weakly on July 24th. The spot price of the market fell slightly, and the futures closed down, which depressed the confidence of the Spot market. Traders have low enthusiasm for purchasing goods, and downstream purchases are made on demand, with caution in actual orders. At present, the trading atmosphere in the Spot market is not good, and the market trading is light.

Forecast: In the short term, the PVC Spot market will be weak in consolidation and operation.

1、 Price trend

According to the Commodity Market Analysis System of the Business Society, as of July 21, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6600 yuan/ton, which is 6560 yuan/ton compared to the reference average price on July 17. This week, the domestic thermal phosphoric acid price increased by 0.62%.

According to the Commodity Market Analysis System of Business Society, as of July 21, the reference average price of 85% wet process phosphoric acid in China was 6433 yuan/ton, which is 0.52% lower than the reference average price of 6466 yuan/ton on July 17.

2、 Market analysis

The market price of thermal phosphoric acid has increased this week. The price of raw material yellow phosphorus has increased, leading to increased cost support. Downstream on-demand procurement, with a focus on wait-and-see in the industry, and fair market trading. As of July 21, the ex factory quotation of 85% thermal phosphoric acid in Yunnan was about 6700 yuan/ton, that of 85% thermal phosphoric acid in Hubei was about 6600-6700 yuan/ton, and that of 85% thermal phosphoric acid in Sichuan was about 6400-6600 yuan/ton.

In terms of raw material yellow phosphorus, the market price of Yungui yellow phosphorus increased this week. As of July 21st, the quotation for yellow phosphorus in the Yungui region of China is around 23600 yuan/ton, and the actual transaction is negotiated.

In terms of raw phosphorus ore, the overall domestic phosphorus ore market showed a weak decline this week. As of July 21st, the domestic market price for 30% grade phosphate ore is based on a reference of around 902 yuan/ton.

3、 Future Market Forecast

Business Society phosphoric acid analysts believe that the price of thermal phosphoric acid has slightly increased this week, and the market is moving well. At present, the market for raw material yellow phosphorus is unstable, and terminal demand needs to be followed up. The phosphoric acid market is mainly cautious and wait-and-see. It is expected that in the short term, the market price of phosphoric acid will be adjusted and operated in a narrow range.