Production reduction agreement effective Domestic coating solvent market support is weak.

On January 1, 2017, OPEC and non-OPEC producers will cut production by nearly 1.8 million barrels, resulting in the first surge in international oil prices this year, common sense infers that the trend of international oil prices and solvent market in direct ratio, collective upward trend, and according to HC Chemical Network monitoring data show that acetate, glycol, methanol, styrene and other commodities rebounded, the market as a whole. The increase in oil prices did not affect the raw materials market, in addition to oil price factors, raw materials market and equipment operating rate, environmental protection and other factors are related.
methanol
the domestic methanol market in 2016 showed an upward trend. At the beginning of the year, supported by the central bank's approval, monetary easing and other factors, the methanol market all the way up, but with the rise in supply pressure, the market maintained a weak volatility. Entering 2017, methanol market continued weak operation, January 4 afternoon, Jiangyin Changzhou, Zhangjiagang and Nantong methanol market decline, Jiangyin Changzhou spot transactions 3040-3060 yuan / ton self-mentioned, Nanjing area small single negotiations in the 3100-3130 yuan / ton self-mentioned, Zhangjiagang spot transaction 3050-3060 yuan / ton self-mentioned; Short-term domestic methanol prices are expected to be weak due to a small increase in port supply and continued losses on the export of methanol-picking devices.
styrene
styrene by the crude oil market surge, a time difficult to support, still continue the downward trend. And downstream ABS device load production, with the arrival of the Spring Festival holiday, downstream demand mood is not high, weak finishing mainly. Therefore, for the styrene support is limited, today's styrene market decline, on behalf of the enterprise Guangzhou Petrochemical, Tianjin Dayuan, Maoming Petrochemical, the decline in the range of 200-300 yuan / ton, factory prices are 9850, 9700, 9800 yuan / ton.
's total styrene production capacity in 2015 was about 7.854 million tons, and the total downstream consumption of styrene in 2014 was about 8.9 million tons. It is not difficult to find that styrene still has insufficient production and sales, especially in recent years, the domestic styrene yield down, but also need a large number of imports. In recent years, the import volume of styrene has increased, in 2015 the import volume of styrene reached 3.74 million tons, in 2016 incomplete statistics, the import volume of styrene reached about 3.18 million tons, in 2016 compared with previous years, the decline in import volume decreased.
are considered for export only if they meet domestic demand and do not affect domestic supply and demand, but styrene exports in 2016 are not optimistic. Judging from the import and export relationship between China, Japan and South Korea, more than 60% of Japan's exports of styrene are sold to South Korea, while 90% of South Korea's exports of styrene enter China. Japan's styrene production reduction, while South Korea's downstream demand growth, will eventually play a role in South Korea's export volume reduction, the amount of styrene exported to China is expected to decline in 2016. Coupled with limited domestic styrene production capacity, examples of Dalian Petrochemical 100,000 tons, Liaotong Chemical 70,000 tons, Harbin Blue Star 80,000 tons of styrene plant permanently shut down, Yanshan Petrochemical 80,000 tons of production is low, not including actual production capacity. In addition, Shandong Huaxing, Yanyuan Petrochemical, Lihuayi for dry gas ethyl benzene, difficult to reach full-load operation, so the 2016 styrene production capacity is insufficient, not conducive to exports.
ethylene glycol
2016 glycol outlook is known as foggy, affected by the high load of crude oil, polyester start." The good times didn't last long, with the market down in early 2017. Today the glycol market fell, low port inventory situation, tight market supply, downstream polyester plant started more stable, the overall good momentum continues to maintain, the price is still a certain support, it is understood that the mainstream negotiation price in Fujian market in about 8000-8100 yuan / ton, the domestic short-term glycol market is expected to continue to be weak.
At present, the domestic glycol production capacity is seriously inadequate, the effective output is not much, 70% need to rely on imports, in 2015 China's ethyl glycol surface consumption of 12.752 million tons, imports of 8.772 million tons, self-sompic rate of only 31.4%, so glycol has a huge import replacement space.
Acetate
in addition to the above-mentioned commodities show a decline, acetate commodities can not escape, it is understood that Jiangyin Baichuan butyl acetate offer down 50 yuan / ton to carry out 6350 yuan / ton, Shanghai Wu wei, Tangshan Dong ethyl acetate offer down 50 yuan / ton implementation 5700, 5750 yuan / ton, mainly by upstream butanol, ice acetic acid decline led to weak operation of the acetate market.
To sum up, crude oil factors can not play a decisive role in the raw materials market, in addition to the role of the upstream market, environmental protection factors can not be ignored, most raw materials enterprises stop production, operating rate gradually declined, weak demand in the off-season. Overall, the current inventory old low, the price of short-term behavior.