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    Home > Chemicals Industry > China Chemical > Chemical spot market continues to rise

    Chemical spot market continues to rise

    • Last Update: 2021-07-30
    • Source: Internet
    • Author: User
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      Sinochem Xinnet News last week, the domestic chemical market continued to show an upward trend
    .
    As of July 23, the China Chemical Product Price Index (CCPI) released by Chemical Online closed at 5387 points, an increase of 3.
    4%

    .

      Among the monitored prices of important chemical products, there were 30 rising products, accounting for 49.
    2%.
    The top three rising products were octanol (10.
    8%), bisphenol A (10.
    6%) and DOP (10.
    1%); falling products A total of 20 products, accounting for 32.
    8%, the top three products that fell were phenol (3.
    4%), epichlorohydrin (3.
    0%) and ABS (2.
    8%)

    .

      Judging from the list of gains, the octanol market is going up strongly
    .
    During the week, CNOOC and Shell's 120,000-ton/year plant was shut down for maintenance, and Jilin Petrochemical's 120,000-ton/year plant was not under high load.
    In addition, the main plant inventory pressure was not large, the market supply support was very strong, and the price of octanol rose rapidly

    .
    In the later stage, there is a restart plan for the CNOOC and Shell plant, and the octanol downstream plasticizer is not operating high.
    It is expected that the octanol market will mainly operate at a high level this week, and the possibility of continuing to rise is unlikely

    .
    Affected by the rise in octanol, the downstream DOP rose 10.
    1% during the week

    .

      The market price of bisphenol A rose
    .
    Sinopec Mitsui and Sinopec Mitsubishi's bisphenol A units were temporarily shut down for maintenance for 3 to 4 days.
    The market spot circulation was further tightened.
    Traders were reluctant to sell and prices continued to rise

    .
    As part of the imported goods are added to Hong Kong in the later period, the market growth rate may be narrowed

    .

      The BDO market continues to explore
    .
    The market supply is tight and continuous, the main manufacturers are reluctant to sell, and the focus of downstream orders for rigid demand continues to rise

    .
    In the later stage, Xinjiang Xinye’s 60,000-ton/year BDO plant shuts down to replace formaldehyde and BDO reaction catalysts, which will further support the upward trend

    .

      Judging from the list of decliners, the phenol market continued to pull back
    .
    The price of the upstream pure benzene market fell, down 2% during the week, and the support for the cost of pure benzene weakened

    .
    Part of Central China and North China experienced heavy rains, which hindered logistics and transportation, resulting in a decrease in the demand for phenol

    .
    With the rebound of upstream pure benzene prices, the decline in the second half of the week slowed down

    .

      The market price of epichlorohydrin has fallen
    .
    Hebang, Xinyue and other devices have returned to normal, and market supply has increased

    .
    The cost of downstream solid resin is not well transmitted, and the enthusiasm for purchasing raw materials is not high

    .
    At present, manufacturers are mainly selling products at profit, and prices may fall further

    .

      The ABS market fell 2.
    8%

    .
    In terms of raw materials, the fundamentals of styrene itself did not change much during the week, but with the wide drop in international oil prices, the price of raw material pure benzene fell, and the price of styrene also fell broadly

    .
    Butadiene fell 1.
    5%, the previous gains were too strong, and it was in a rational correction stage last week

    .
    The price of acrylonitrile remained stable, the fundamentals supported temporarily, and the decline in raw materials had a greater drag on the market

    .
    The current market supply of ABS is relatively tight, and the terminal gets the goods on demand.
    It is expected that the price will stop falling this week

    .

      On the whole, the chemical market continued to rise last week, with tight supply of some products supporting price increases
    .
    This week, typhoon fireworks and heavy rainfall in Henan will restrict logistics in the surrounding areas and affect the arrival of goods from some ports in some areas.
    It is expected that the high level of the chemical market will be adjusted this week

    .

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