I. price trend
The domestic BDO market is in a strong operation. According to the sample data monitored by the business association, as of December 5, the average price of the domestic BDO market was 9780 yuan / ton, up 2.73% month on month, down 7.74% year on year.
II. Market analysis
| Sulfamic acid 99.50% |
Products: the domestic BDO market is in a strong operation, the spot supply is limited, the firm price intention of the factory is high, the quotation is high, the downstream small single enters the market, which mostly contradicts the high price, and the market negotiation atmosphere is relatively stalemate. At present, some of the devices have not produced products after the maintenance, and the spot supply is not large. With the support of the factory’s market mentality, some small single negotiations tend to be high-end, and the focus of actual single delivery is stable and moving up. The factory has no final conclusion on the matter of marketing control, most of which have not been signed for a long time next year. The downstream is waiting for the clear news, and the operators are also cautious to wait and see.
In terms of the market, the BDO market in North China was in a high-level consolidation, and the factory had a strong attitude towards the market. The downstream just needed to make up the position. The buying enthusiasm was low, and the resistance to high prices was strong, and the on-site waiting atmosphere was strong. The BDO market in East China was narrowed and the on-site start-up load was slightly increased. However, the factory inventory was not under pressure, and the intention to support the market continued. The offer from the middlemen was stable, the downstream demand was general, the price depression was strong, and the on-site small single negotiation price was on the high side. The BDO market in South China was in shock and consolidation, the downstream demand was weak, the buying enthusiasm was low, the factory’s intention to keep the price was high, the price was low, and the atmosphere of large single negotiation was relatively cold.
Industrial chain: in terms of raw materials, methanol, the inventory of local upstream enterprises in the mainland increased this week, local arbitrage closed, and the enterprise mentality weakened. Downstream enterprises are cautious in receiving goods, and most traders wait and see. Due to the influence of gas limitation, the gas head devices in southwest and other places are gradually stopped, and the port continues to drop to the reservoir. The mentality of the operators is supported. In the short term, methanol market in China is dominated by narrow range finishing.
| sulphamic acid |
Calcium carbide: it is expected that the mainstream of calcium carbide market will keep stable operation, and the market will enter the de stocking stage. Affected by the pressure of profit and loss, the start-up of gas enterprises is at a low level, but the downstream demand is expected to increase in December, so the current calcium carbide furnace with load reduction and shutdown is ready to move. The roads in Wumeng area are gradually restored, the arrival of goods in Hebei area is on the rise, and the enterprises are mainly stable. Cangzhou area recently began to purchase calcium carbide, the demand has increased, aggravating the market wait-and-see. It is expected that with the acceleration of de stocking speed in Wuhai area, the market inflation mentality will increase, and local enterprises will rise in a narrow range.
III. future forecast
On the whole, on the positive side, the manufacturers are willing to support the market, and some of them are under maintenance. On the negative side, downstream demand is weak. BDO analysts predict that in the short term, the domestic BDO market will be narrowed, with specific attention to the restart of Tianye and downstream buying.
| Sulfamic acid |