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Sinochem Xinnet News last week, the C3 industry chain performed amazingly, driving the domestic chemical market to continue to rebound
.
The Chemical Price Index (CCPI) released by Chemical Online closed at 3351 points, an increase of 1.
Among the 160 important chemical product prices monitored, 87 products rose, accounting for 54.
4%, and the top three products with increase were acrylic acid, acetone and naphthalene; 39 products fell, accounting for 24.
4%, the top three decline The leading products are acetonitrile, caustic soda and methanol; there are 34 stable products, accounting for 21.
2%
.
The price of acrylic acid soared by 27.
4% last week, ranking first in the increase list
.
Affected by the epidemic, the prices of polypropylene and propylene rose sharply at the beginning of the week, driving the entire C3 industry chain to follow suit
Industrial naphthalene continued to rebound last week
.
The market fell sharply in the early period, and the downstream phthalic anhydride bought up but not bought down, resulting in insufficient stocking and tight supply
Judging from the list of declines, the product with the biggest decline last week was acetonitrile, with a decline of 11.
4% during the week
.
The acetonitrile market has continued to rise since August 2018, from 13,000 yuan (ton price, the same below) to 25,000 yuan.
The caustic soda market continued its previous downward trend, with the price falling to around 2,000 yuan last week, close to a 10-year low
.
The inventory of caustic soda enterprises is relatively high, while the downstream alumina price is low, the production is insufficient, the demand is sluggish, the supply of caustic soda market exceeds demand, and the market is weak
Last week, the methanol market rose first and then fell, with a slight drop of 2.
9%
.
At the end of March, the market price of methanol hit a record low, and the production of enterprises was at a loss.
On the whole, with the rational return of the propylene market, its downstream products have been lowered expectations this week
.
At the same time, with the favorable digestion of crude oil production cuts and the weak demand side, crude oil futures prices in Europe and the United States may continue to decline, which is bad for the domestic chemical market.
