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Downstream demand is sluggish, spot prices in the PC market continue to decline, and supply and demand contradictions become the biggest bearish trend in the short term
Last week, the domestic PC market remained deadlocked, and the price of the mainstream brand market rose and fell by 50-400 yuan/ton every week. quotations analysis Last week, although the supply of genuine materials from major PC factories in China was relatively low, considering the recent dema...Read more -
The market price of isooctanol in Shandong rose slightly
This week, the market price of isooctanol in Shandong rose slightly. This week, the average price of isooctanol in the mainstream market of Shandong increased from 963.33 yuan/ton at the beginning of the week to 9791.67 yuan/ton at the weekend, an increase of 1.64%. Weekend prices decreased by 2...Read more -
Insufficient demand in the downstream market, limited cost support, and the price of epoxy propane may fall below 9000 in the second half of the year
During the May Day holiday, due to the hydrogen peroxide explosion at Luxi Chemical, the restart of the HPPO process for the raw material propylene was delayed. Hangjin Technology’s annual production of 80000 tons/Wanhua Chemical’s 300000/65000 tons of PO/SM was successively shut down...Read more -
Turning from boosting to pressure, the impact of cost on styrene prices continues
Since 2023, the market price of styrene has been operating below the 10-year average. Since May, it has increasingly deviated from the 10-year average. The main reason is that the pressure of pure benzene from providing cost boosting force to expanding the cost side has weakened the price of styr...Read more -
The toluene market has slowed down, and downstream demand remains sluggish
Recently, crude oil has increased first and then decreased, with limited boost to toluene, coupled with poor upstream and downstream demand. The mentality of the industry is cautious, and the market is weak and declining. Moreover, a small amount of cargo from East China ports has arrived, resul...Read more -
The isopropanol market rose first and then fell, with few short-term positive factors
This week, the isopropanol market rose first and then fell. Overall, it has slightly increased. Last Thursday, the average price of isopropanol in China was 7120 yuan/ton, while the average price on Thursday was 7190 yuan/ton. The price has increased by 0.98% this week. Figure: Comparison...Read more -
The global production capacity of polyethylene exceeds 140 million tons/year! What are the growth points of domestic PE demand in the future?
Polyethylene has various product types based on polymerization methods, molecular weight levels, and degree of branching. Common types include high-density polyethylene (HDPE), low-density polyethylene (LDPE), and linear low-density polyethylene (LLDPE). Polyethylene is odorless, non-toxic, feels...Read more -
Polypropylene continued its decline in May and continued to decline in April
Entering May, polypropylene continued its decline in April and continued to decline, mainly due to the following reasons: firstly, during the May Day holiday, downstream factories were shut down or reduced, resulting in a significant decline in overall demand, leading to inventory accumulation in...Read more -
After May Day, dual raw materials fell, and the epoxy resin market was weak
Bisphenol A: In terms of price: After the holiday, the bisphenol A market was weak and volatile. As of May 6th, the reference price of bisphenol A in East China was 10000 yuan/ton, a decrease of 100 yuan compared to before the holiday. At present, the upstream phenolic ketone market of bisphenol ...Read more -
During the May Day period, WTI crude oil plummeted by over 11.3%. What is the future trend?
During the May Day holiday, the international crude oil market as a whole fell, with the US crude oil market falling below $65 per barrel, with a cumulative decline of up to $10 per barrel. On the one hand, the Bank of America incident once again disrupted risky assets, with crude oil experiencin...Read more -
Insufficient supply and demand support, continuous decline in the ABS market
During the holiday period, international crude oil plummeted, styrene and butadiene closed lower in the US dollar, some ABS manufacturers’ quotes fell, and petrochemical companies or accumulated inventory, causing bearish impacts. After May Day, the overall ABS market continued to show a do...Read more -
Cost support, epoxy resin rose at the end of April, expected to rise first and then decline in May
In mid to early April, the epoxy resin market continued to be sluggish. Towards the end of the month, the epoxy resin market broke through and rose due to the impact of rising raw materials. At the end of the month, the mainstream negotiation price in East China was 14200-14500 yuan/ton, and the ...Read more
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