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In July, the chemical market lived up to expectations, breaking through the traditional off-season trend.
The overall performance was eye-catching, with an average monthly increase of 5.
98%
.
Affected by this, the chemical market continued to break through to new highs in late July, and 68% of chemical products were on the rise
.
The top 3 commodities that rose were yellow phosphorus (42.
Acetic anhydride (-20.
Nitric acid (24.
6%): Many manufacturers have shut down their installations for maintenance or reduced production.
The supply of nitric acid is tight, and the situation of "there is no market for a price" is stalemate, driving the price of concentrated nitric acid to rise
.
Nitric acid (24.
Potassium Chloride (18.
MDI (2.
Since the beginning of this year, the price of soda ash futures has been fluctuating and rising, with a cumulative increase of 35.
22% during the year
.
soda ash
Yellow phosphorus (42.
98%): Power cuts in Yunnan and other regions, production of yellow phosphorus is reduced, the spot yellow phosphorus market is basically out of stock, and the increasingly tense situation is the main reason for the sharp rise in the yellow phosphorus market in July.
The operating rate of domestic yellow phosphorus factories The market is in a tight spot due to the decline.
Manufacturers mainly issue pre-orders, and some manufacturers temporarily stop making external quotations when they are out of stock
.
1,4-Butanediol (41.
41%): Since July, the BDO market, which has been sluggish for a long time, has been in a tight supply situation.
Most of the factories have delivered orders.
The quarterly plant shutdown and maintenance are released ahead of schedule, and the market supply is expected to be more tight
.
