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The high level of raw materials continues to rise, the load of enterprises decreases
The high level of raw materials continues to rise, the load of enterprises decreasesSince September, the domestic industrial naphthalene market has ended its low order for nearly half a year and started the "Golden Nine" market
.
As of September 22, the domestic mainstream transaction price was 4450-4550 yuan (ton price, the same below), a sharp increase of 29% from the beginning of the month, becoming the highlight of the coal chemical product series
"The launch of the industrial naphthalene'Golden 9'market is different from the past.
The main driving factors are the continued increase in raw material prices and the expected decline in the start-up load of deep processing enterprises affected by the'dual control' of energy consumption and the National Day holiday
.
Although the current downstream The demand growth of the market is not strong enough, but the downstream rigid demand stability has provided basic support for the rebound of the industrial naphthalene market.
Raw materials continue to rise at high levels
Raw materials continue to rise at high levelsRaw materials continue to rise at high levelsAccording to statistics from Henan Chemical Network, as of September 22, the mainstream domestic coal tar transaction price has reached about 4,300 yuan, of which the Shandong market price is 4300-4326 yuan, Jiangsu is 4300-4450 yuan, Shanxi is 4330-4340 yuan, Henan At 4,200 to 4,366 yuan, Shaanxi was at 4,400 yuan, an increase of 83% year-on-year.
This is the rise of coal tar since the high price of 4,200 yuan in June this year, and hit a record high
.
Industrial naphthalene and other coal tar deep processing enterprises are continuously under pressure at high costs
Li Xiaofei, marketing manager of Chifeng Boyuan Technology Co.
, Ltd.
told reporters: "The continuous record high in the coal tar market this year has doubled the pressure on deep processing companies.
Most of this year, they are on the verge of loss or below the loss line.
Some deep processing companies can only passively follow the rise.
Efforts to release cost pressures from upstream
.
In addition, high costs have also caused deep processing companies to be unable to effectively increase their operating load
Business load drops
Decrease in business load Decrease in business load Shao Huiwen said that in addition to the sudden and rapid rise of the industrial naphthalene market this time, in addition to the continued rise of raw materials, another major benefit is the reduction in supply caused by the decline in the operating rate of deep processing enterprises
.
"Any product's sudden rise is related to the imbalance of market supply and demand.
The price increase of industrial naphthalene seems to be the start of
the'Golden Nine' market, but it is actually related to the expectation that market supply will shrink again .
" Shao Huiwen analyzed
According to statistics, as of September 20, the comprehensive operating rate of coal tar deep processing enterprises was only 51%, a monthly decrease of 6%, and a decrease of 11% from June
.
And affected by the approaching National Day, the supply of social circulation will decrease again, which is expected to help the industrial naphthalene market achieve a rapid breakthrough
Lin Zengke, a Hebei industrial naphthalene trader, said that during the continuous decline in the load of coal tar deep processing enterprises, domestic industrial naphthalene social inventory resources have basically been effectively consumed, and subsequent supply sources are limited in the short term, which will contribute to the rapid rebound of the industrial naphthalene market.
The role of
.
Downstream just needs to be stable
Downstream just needs to be stable Downstream just needs to be stable According to the person in charge of a large coal tar deep processing enterprise in Hebei, the water-reducing agent, refined naphthalene, and 2-naphthol enterprises downstream of industrial naphthalene are currently operating smoothly, and industrial naphthalene just needs to remain stable
.
At the same time, the continuous increase in the price of naphthalene phthalic anhydride since June has also injected vitality into the industrial naphthalene market.
Lin Zengke believes that industrial naphthalene in coal chemical products has become a product of high concern and participation by traders due to its small output and easy storage.
The rapid rebound in the market does not rule out the active participation of traders
.
With the current favorable factors prevailing, the "golden nine" market for industrial naphthalene may continue
Some people in the industry also said that based on the current positive drivers of multiple factors, the industrial naphthalene market has entered the "Golden Nine" market
.
But at the same time, we must also pay attention to the weakening trend of the phthalic anhydride market and the possibility that the water-reducing agent companies will drop as the weather gets colder, which will have a certain impact on the industrial naphthalene market
.
In particular, once the current market benefits are released or there is a feeling of resistance to high prices after the downstream is under heavy pressure, they should be wary of the risk of rapid market decline after the profit is digested.
Downstream companies should try to avoid the market that appeared in late February this year.
"Travel" prices are rising and falling rapidly
.
