Chemical spot continues to fall

Sinochem News.
com Despite the strong performance of crude oil futures, the traditional off-season of the chemical market has arrived, and the market continues to fall
.

The Chemical Price Index (CCPI) released by Chemical Online last week closed at 4,981 points, a decrease of 0.

Among the monitored prices of important chemical products, 52 products rose, accounting for 36.
9%, and the top three products that rose were butadiene, calcium carbide and acrylic acid; 54 fell products, accounting for 38.
3%, the top three declines The leading products are liquid chlorine, isophthalic acid and diethylene glycol; there are 35 stable products, accounting for 24.
8%
.

Judging from the increase list, butadiene prices continued to set new highs during the year
.

Demand in Europe and the United States resumed, butadiene prices continued to rise, the Asian-American arbitrage window opened, and the export volume increased, pushing the domestic market to follow up

The calcium carbide market has rebounded again recently
.

In June, the downstream PVC equipment was gradually restarted after the overhaul, and the demand for calcium carbide increased, which was the main driving force for the market rebound

The acrylic acid market rose within a narrow range
.

Recently, domestic acrylic acid companies have undergone more maintenance, low operating rates, reduced spot supply, and increased export orders, supported by the high level of raw material propylene, which has pushed the market higher

Judging from the list of declines, most of the domestic liquid chlorine market prices fell last week, and the decline was relatively large
.

Shandong Haobang Chemical and Dezhou Shihua plant started operation, and the supply of liquid chlorine increased

The isophthalic acid market continued to decline, the contradiction between supply and demand in the market escalated, and the price fell to a new low during the year
.

Yanshan Petrochemical's 50,000-ton/year plant started up, while Ningbo Taihua’s 200,000-ton/year new plant was put into production.

The diethylene glycol market continued to fall
.

The poor off-season demand for major downstream unsaturated resins is the main reason for the sharp decline in diethylene glycol

On the whole, the chemical market has entered the traditional off-season, and the market has returned rationally
.

Coupled with the recovery of economic activities in Europe and the United States, exports of some products are subject to certain restrictions, and the market is bearish.