According to the monitoring data of Business News Agency, the price trend of TDI in East China continued to decline this week. On February 17, the average market price in East China was 20100 yuan/ton, down 2.90% compared with the price of 20700 yuan/ton on February 11, and up 4.69% month-on-month.

This week, the TDI market was in a weak operation. The news from the suppliers was quiet during the week. The factory supply was still tight, the inventory was not under pressure, the trade market atmosphere was relatively low, the terminal downstream trading was weak, the demand for raw materials was less than expected, the TDI market trading was deadlocked, the traders’ falling prices stimulated shipments, the market transaction center moved downward, and the TDI price continued to decline as of the 17th, The quotation range of domestic goods in the distribution market in East China is about 1950-19800 yuan/ton, and the quotation range of Shanghai goods is 1980-20200 yuan/ton, which is based on the negotiation of actual orders.

The upstream toluene market was consolidated and the price trend rose slightly. As of February 17, the domestic average price of toluene was around 7140 yuan/ton, an increase of 0.56% compared with the price of 7100 yuan/ton on February 11. After the opening up of the economy, the market’s demand for China’s energy rose, boosting the rise of oil prices, and the downstream terminals were in the recovery and rising period as a whole, giving some support to the toluene industry. The toluene market fluctuated slightly.

According to the aftermarket analysis, TDI statisticians of the business agency believe that at present, the market mentality is game, the weak terminal demand stimulates some operators to reduce their prices, coupled with the early stage’s attitude of resistance to high-priced supply, the TDI price trend is downward, the supplier’s operating rate is low, the market supply is tight, and the supply side is still good. In the short term, the TDI market is stagnant, and in the long term, the price range fluctuates. There is follow-up under specific attention.

According to the data monitoring of Business News Agency, as of February 17, 2023, the domestic market price of butanone was 8966 yuan/ton. Compared with February 1, 2023 (the reference price of butanone was 8533 yuan/ton), the price increased by 433 yuan/ton, or 5.08%.

It can be seen from the data monitoring chart of the business agency that in the first ten days of February, the domestic butanone market as a whole was running steadily upward. The main driving force for the rise of the market of isobutanone is the continuous rise of the C4 market after the end of the raw material ether, which gives the cost support for butanone to be strengthened continuously. In order to alleviate the cost pressure, the butanone industry has made an increase in the price of butanone by 300-400 yuan/ton. However, the downstream demand for butanone was weak, the overall demand support was general, and the momentum for the continuous rise of butanone market was limited. In this week, the overall butanone market entered a stable consolidation and operation trend after the rise. As of February 17, the domestic market price of butanone was around 8600-9000 yuan/ton.

Aftermarket analysis of butanone

At present, the downstream terminal demand for butanone has not yet fully recovered. The overall support for butanone from the demand side is slightly loose. The new butanone transaction is general, and the overall inventory of the supply side butanone market is relatively sufficient. The butanone statistician of the business agency believes that in the short term, the domestic butanone market is mostly volatile, and the specific trend needs to pay more attention to the specific information changes on the supply and demand side.

Since February, the focus of the domestic spandex market has been moving upward. According to the monitoring of the Business Agency, the average market price of the 40D specification was 38000 yuan/ton as of February 16, up 6.29% from the beginning of the month and down 34.37% year on year. The start of spandex industry has increased to more than 80%, the cost support has been maintained, and the start of downstream enterprises has been improved, continuously boosting the price of spandex.

Recently, the price of PTMEG in the spandex field has continued to rise, and the overall market supply is limited, with the negotiated price of 20000-22000 yuan/ton. The pure MDI market reference is stable in the range of 19000-9500 yuan/ton by T/T, and the mainstream traders are more stable in price delivery.

The buying and selling atmosphere of downstream customers and dealers has rebounded, and the construction of many fields of terminal textiles has been slowly improved, with the construction of 3-4% in the circle machine field and 50% in the warp knitting field. The demand trend has begun to increase.

Analysts from the Business Agency believe that the current cost of spandex and demand both support the price of spandex, and it is expected that the price of spandex will remain relatively strong in the future.

Zinc price rose on February 14

According to the data monitoring of the Business News Agency, the zinc price was 23134 yuan/ton as of February 14, up 0.59% from 22998 yuan/ton on February 13 of the previous trading day. After falling for three consecutive trading days, the zinc price stopped falling and recovered, and rose slightly on February 14.

Key points of zinc market

The domestic credit data released showed that China’s credit data in January exceeded expectations, and M2 growth rate exceeded expectations. The credit data met the market’s expectations for domestic economic recovery; The operating rate of zinc plating and die-casting zinc alloy has risen steadily, the supply and demand of zinc industry has increased, and the rising power of zinc market still exists.

Aftermarket expectation

Both supply and demand increase, and the rising power of zinc market increases. It is expected that the zinc price will consolidate strongly in the future.

According to the monitoring of the Business News Agency, the domestic methanol market fluctuated and sorted out. From February 3 to 10 (as of 15:00 p.m.), the average price of the domestic methanol market at the East China port fell from 2704 yuan/ton to 2685 yuan/ton. During the period, the price fell by 0.69%, rose by 0.97% month-on-month and fell by 2.16% year-on-year. The cost of coal fell, the downstream demand recovered slowly, and the methanol price fluctuated.

As of the close of February 13, methanol futures of Zhengzhou Commodity Exchange fell. The main methanol futures contract 2305 opened at 2610 yuan/ton, the highest price was 2610 yuan/ton, the lowest price was 2546 yuan/ton, and closed at 2553 yuan/ton, down 62% or 2.37% from the previous trading day. The trading volume was 1376079, the position was 1300799, and the daily increase was – 74001.

Summary of methanol market prices in various regions as of 2.10:

Region/ Price

Shanxi Province/ 2480-2500 yuan/ton ex-factory

Liaoning region/ About 2620-2630 yuan/ton

Anhui Province/ About 2660-2730 yuan/ton

Henan Province/ 2600 yuan/ton

On the cost side, with the end of the holiday, some coal mines began to resume work and production, and the output rose slightly. The terminal power plants were in a weak purchasing mood under the support of long-term cooperation coal. The non-electric terminal raw coal was consumed during the holiday, and the demand for replenishment in the near future was released slightly. In the short term, the power coal price is mainly stable. The temporary storage of methanol cost is good.

Demand side, downstream dimethyl ether: the demand for dimethyl ether increased due to the start-up of Lankao Huitong device; Downstream acetic acid: Tianjin Soda Plant returned to normal, and the demand for acetic acid increased; Downstream formaldehyde: Shandong Lianyi unit has a negative deposit and withdrawal plan, Lankao Huitong and Rongxin Huiquan units are expected to be restarted, and the demand for formaldehyde increases. The temporary storage of methanol is favorable.

In the external market, as of the close of February 10, the closing price of the CFR Southeast Asia methanol market was 375.00-377.00 US dollars/ton, down 3 US dollars/ton. The closing price of US Gulf methanol market is 107-109 cents/gallon; The closing price of FOB Rotterdam methanol market was 337.00-339.00 euros/ton, down 1 euro/ton.

Region/ Country/ Closing price/ Up and down

Asia/ CFR Southeast Asia/ 375.00-377.00 USD/ton./- 3 USD/ton

Europe and America/ US Gulf/ 107-109./0 min/gallon

Europe/ FOB Rotterdam/ 337.00-339.00 euro/ton./- 1 euro/ton

Future market forecast shows that the supply is abundant and the demand side has little change. The methanol analyst of the Business Society predicted that the domestic methanol market was dominated by narrow consolidation.