Dropped 8,000 yuan/ton!

Recently, the price of isobutyraldehyde, which has continued to rise, has gone out of the big reversal market.
After four consecutive weeks of price decline, the current price is 7366.
67 yuan / ton, down 6833.
33 yuan / ton from the beginning of the year, a drop of nearly 50%
.
The price of isobutyraldehyde has bottomed out fiercely, and has fallen below the cost line of 7,500 yuan/ton, which is extremely rare
.

The price of dozens of chemicals has fallen, and weak demand is the main reason

Industry insiders believe that the main reason for the "halving" of the price of isobutyraldehyde is that the terminal demand is cold
.
The downstream profits are thin, resulting in a negative demand, and it is expected that the short-term isobutyraldehyde market decline will be difficult to change
.
According to the coating procurement network, after the chemical market experienced a series of operations such as shutdown at the beginning of the year, out of stock, and high-priced rush purchases at the beginning of the year, dozens of chemical products finally showed a downward trend in prices.
It fell more than 6,000 yuan, and the decline was close to half
.

Isobutyraldehyde

The current price is 7366.
67 yuan / ton, down 6833.
33 yuan / ton from the price at the beginning of the year, a decrease of 48.
12%
.
This round of sharp decline was mainly caused by the cold downstream and terminal demand.
Its main downstream neopentyl glycol entered the off-season due to terminal demand and was under the dual pressure of production and sales, and the demand for isobutyraldehyde fell significantly
.
Another major downstream alcohol ester is not optimistic, and the industry operating rate has fallen below 60%
.
The terminal coating industry has entered the off-season due to the hot weather, and the purchasing enthusiasm has weakened
.
Under the pressure of high cost and low demand, isobutyraldehyde has basically fallen below the cost line
.

Propylene oxide

The current price is 10366.
67 yuan / ton, down 8533.
33 yuan / ton from the price at the beginning of the year, a decrease of 45.
15%
.
The downstream propylene glycol decreased by 5.
62% in the month, the purchasing enthusiasm weakened, the market sentiment turned weak, and the market stalemate was weak
.
There is insufficient support on the cost side, the supply side has accumulated a small amount of stockpiles, and the demand side is cautiously reducing the amount to follow up.
It is expected that in the short term, the propylene oxide market may run weakly
.

n-Propanol

The current price is 8,300 yuan/ton, down 3,500 yuan/ton from the price at the beginning of the year, or 29.
66%
.
The overall domestic n-propanol market showed a weak downward trend.
The ex-factory prices of n-propanol in Shandong major factories were successively lowered, and the downstream demand performance was average.
The trading atmosphere in the market was cold, and the price of n-propanol continued to decline
.

Neopentyl Glycol

The current price is 12233.
33 yuan / ton, down 4516.
67 yuan / ton compared with the price at the beginning of the year, a decrease of 26.
97%
.
The powder coatings downstream of neopentyl glycol are mostly used for real estate decoration building materials.
Now the domestic real estate industry is in a downturn, the operating rate of powder coatings has decreased, the demand for neopentyl glycol has been greatly reduced, the enthusiasm for purchasing raw materials has declined, and neopentyl glycol has entered an off-season.
all the way down
.

liquid epoxy resin

The current price is 20,375 yuan / ton, down 6,125 yuan / ton from the price at the beginning of the year, a decrease of 23.
11%
.
The prices of epoxy resin-related products are all in a downward channel, and the support of resin costs is weakened
.
The downstream terminal coatings and electrical and electronic industries have weak demand, and the spot market trading is weak
.
Affected by multiple factors such as the domestic epidemic, international geopolitics, and interest rate hikes by the Federal Reserve, consumer demand is sluggish, and short-term epoxy resin demand is still limited
.

n-Butanol (industrial grade)

The current price is 8,000 yuan / ton, down 1266.
67 yuan / ton from the price at the beginning of the year, a decrease of 13.
67%
.
The sharp decline in the n-butanol market after the shock is mainly due to the operation of the plant and the downstream demand
.
The largest downstream market of n-butanol, butyl acrylate, was weak, and the demand for tape master rolls and acrylate emulsions in the overall downstream industry was flat, and gradually entered the off-season of demand
.

isopropyl alcohol

The current price is 7125 yuan / ton, down 941.
67 yuan / ton compared with the price at the beginning of the year, a decrease of 11.
67%
.
The market price of raw material acetone fell, the market transaction was light, and the focus of the negotiation fell.
The mainstream quotation of propylene (Shandong) market fell below 8,000 yuan
.
The purchasing power of the terminal is average, the mentality on the market is under pressure, the holder of the goods has a positive intention to ship, the offer is down, and the transaction volume of the firm is insufficient
.
The downstream market demand is mainly based on rigid demand, fast in and fast out, and the overall market is in a situation where supply exceeds demand
.

Bisphenol A

The current price is 11,825 yuan/ton, down 1,400 yuan/ton or 10.
59% from the price at the beginning of the year
.
With the acceleration of the downward trend of the two major downstream, the cost side softened, and the multiple negative superimposed market broke down
.
Zhejiang Petrochemical's auction fell significantly, and downstream terminal consumption was lower than expected, superimposed on the weak and downward trend of upstream and downstream markets, which had a significant impact on bisphenol
A.

Silicone DMC

The current price is 20,420 yuan/ton, down 1,413.
33 yuan/ton, or 6.
47%, from the price at the beginning of the year
.
The spread of public health events in various places has caused the terminal consumer market to shrink rapidly
.
The downstream is no longer willing to take over, resulting in a rapid increase in the risk of silicone inventory
.
The orders received by individual single factories continued to be sluggish, and the inventory was huge, so they started a price-cut promotion strategy.
Due to the obvious compression of profit margins, the DMC ton price of some enterprises has officially fallen below 20,000
.

The current price of hydrogen peroxide is 926.
67 yuan/ton, down 503.
33 yuan/ton from the beginning of the year, or 35.
20%;

Isooctanol is currently quoted at 8666.
67 yuan/ton, down 3166.
66 yuan/ton from the beginning of the year, or 26.
76%;

The current price of PA66 is 22,750 yuan/ton, down 6,650 yuan/ton from the beginning of the year, or 22.
62%;

The current price of chloroform is 2887.
5 yuan/ton, down 762.
5 yuan/ton from the beginning of the year, or 20.
89%;

The current price of acetone is 5220 yuan / ton, down 1280 yuan / ton compared with the beginning of the year, a decrease of 19.
69%;

ABS is currently quoted at 12,800 yuan/ton, down 2,950 yuan/ton from the beginning of the year, or 18.
73%;

The current price of PC is 16766.
67 yuan / ton, down 3733.
33 yuan / ton from the price at the beginning of the year, a decrease of 18.
21%;

PP (meltblown) is currently quoted at 9583.
33 yuan/ton, down 1266.
67 yuan/ton from the beginning of the year, or 11.
67%
.

List of decliners of some chemicals since the beginning of the year (unit: yuan/ton)

(The above data comes from the paint procurement network information center, if there is a discrepancy, please refer to the actual data!)

Judging from the situation in the first half of the year, the prices of dozens of chemical products have fallen.
On the one hand, the current macroeconomic weakness is expected to intensify, and the continued high inflation in the United States has intensified market recession expectations, resulting in a plunge in international oil prices, with WTI oil prices falling below $100 per barrel.
Prices of bulk industrial products also peaked
.
In addition, since more than 70% of the profits in the market are divided up by upstream raw material companies, the mid- and downstream companies are greatly affected.
Some companies even began to have a holiday in early July.
While the demand for raw materials has dropped, it has also shown that the high price boycott, which also led to a collective decline in chemical prices
.

In other words, the current chemical industry continues to be in a situation of weak supply and demand
.
In terms of crude oil, there is a long-short game of crude oil, and the trend is full of uncertainty
.
The chemical manufacturers in the middle of the industrial chain have entered the stage of "zero profit production", and the end consumer market is stubbornly going through the winter, and no one dares to act rashly
.
However, many chemicals continue to be out of the "off-season" from the fundamentals, the demand continues to be poor, and the price is difficult to improve
.