Analysis of the operation and trend of the main raw materials of powder coatings in October 2021

1.

At the raw material level: the international crude oil prices have continued to rise recently, and the cost support for PTA has increased.

At the level of supply and demand: downstream demand is mostly based on just-needed purchases, and the cost pressure of polyester plants is relatively high

Forecast: The price of "polyester resin" is expected to be stable from the end of October 2021 to the beginning of November 2021

2.

At the raw material level: Recently, the demand for epichlorohydrin downstream has continued to decline after replenishment, and the market inquiries have been relatively quiet.

At the supply and demand level: Due to various factors such as power curtailment in various places, the downstream demand is mostly based on rigid demand

Forecast: The price of "epoxy resin" is expected to be stable from the end of October 2021 to the beginning of November 2021

The commodity index chart of sulfur in the past three months is as follows:

The commodity index chart of sulfuric acid in the past three months is as follows:

Raw material level: Recently, the price of titanium concentrate in China has been running steadily.

At the level of supply and demand: the demand from downstream customers of domestic titanium dioxide is general, and the export market is still good.

Forecast: The price of "titanium dioxide" is expected to be stable from the end of October 2021 to the beginning of November 2021

4.
TGIC curing agent

At the raw material level: the price of epichlorohydrin has fluctuated greatly recently.
After the National Day holiday, the price continued to fall until the price rose slightly in the middle of the month.
Most of the epichlorohydrin production enterprises started relatively stable, and some factories were installed.
For parking, most of the factory's spot delivery is based on previous orders, and the market spot supply is relatively abundant; Zhejiang Haobang and Jiangsu Yangnong's epichlorohydrin devices have not yet been commissioned, and Dongying Liancheng and Shandong Binhua are expected to conduct device shutdown and maintenance in the near future.
Shandong Xinyue plans to shut down for maintenance for a week next week.
The two factories in Ningbo Huanyang and Ningbo Zhenyang plan to shut down for maintenance next month.
The three installations in Jiangsu Anbang, Hebei Jiaao and Hebei Zhuotai have not yet started construction until now
.
Due to the recent fluctuations in the prices of upstream raw materials, power curtailment in various regions of the TGIC plant, and increasing cost pressures, the price of TGIC has remained at a high price recently, and the market spot inventory is still small, but the demand of downstream customers has not improved significantly.
The supply and price of TGIC in China are relatively stable
.

At the level of supply and demand: TGIC's export market is still relatively good, and the overall domestic market demand has not improved, and most of them are based on just-needed purchases
.

Forecast: The price of "TGIC curing agent" is expected to be stable from the end of October 2021 to the beginning of November 2021
.

5.
HAA curing agent

 At the raw material level: ethanolamine closed at RMB 14,500-15,000/ton this Tuesday, and the market price rose significantly, mainly from the shutdown of domestic production plants that mainly produce ethanolamine.
The limited supply of imports, coupled with the relatively good situation of domestic export orders, has made the market appear on the market.
The spot supply is tight, and the bidding price of the downstream part has also increased significantly.
In terms of installations: the mainstream installation in East China is shut down, the ethanolamine installation in Ningbo is shut down, and the ethanolamine installation in Maoming is expected to shut down; from the perspective of domestic supply, ethanolamine is expected to continue to be tight next Tuesday , There is still room for price increase.
Although imported goods have arrived in Hong Kong recently, some of the goods have been delivered in the early stage, and the replenishment of the spot is still limited.
Under the trend of tight goods and rising prices, diethanolamine will continue to rise In the short term, it is expected that the market price of ethanolamine will continue to rise; the price of DMA dimethyl adipate has continued to rise recently, and the upstream factory has been overhauled.
Haili Dafeng has not restarted yet.
The operating load of some factories has decreased, and the pressure on factory inventory Not big, the downstream market demand is relatively weak, and the replenishment intention is not high.
It is expected that the DMA price will be narrow and strong in the short term
.

At the level of supply and demand: the rise of upstream raw materials has increased the cost pressure of manufacturers.
Although the demand of downstream customers in the market is mostly rigid demand, the demand has not improved significantly, and the supply of HAA curing agent in the market continues to be normal
.

Forecast: The price of "HAA curing agent" is expected to rise from the end of October 2021 to the beginning of November 2021
.

 Reminder: There are many factors affecting price fluctuations, and the above content is for reference only
.

 The above content is compiled and provided by Shenzhen Xinhai Technology Co.
, Ltd.
, and reviewed and released by the Coating and Coating Professional Committee of China Chemical Society
.