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Last week, the domestic chemical market continued a slight decline from the previous high.
As of March 26, the China Chemical Product Price Index (CCPI) released by Chemical Online closed at 4969 points, a decrease of 0.
8%.
Among the monitored prices of important chemical products, 36 products rose, accounting for 25.
5%, and the top three products that rose were liquid ammonia, styrene and acetone; 74 fell products, accounting for 52.
5%, and the top three products fell.
The products are dimethyl carbonate, chloroform and butyl acrylate; there are 31 stable products, accounting for 22%.
Judging from the list of gains, the liquid ammonia market rose sharply last week, and the tight supply is the main reason for the rapid rise in prices.
Some enterprises in Inner Mongolia and Northeast China stopped for maintenance or reduced production, the market supply was tightened, and the ex-factory prices of manufacturers went up.
However, with the continuous increase in ammonia prices, downstream resistance has gradually emerged, and some companies are about to resume production, it is expected that the price of liquid ammonia will continue to rise this week.
The styrene market rebounded, rising 3.
7%.
East China ports have reduced inventory, and the facilities of Ningbo Daxie, Polaris Basel and Tangshan Xuyang are scheduled to be overhauled in the near future, supporting the mentality of the styrene market.
In addition, near the end of the month, some downstream replenishment products also benefit the market to a certain extent.
However, the recent new installations of Sinochem Quanzhou and CNOOC and Shell have successively produced qualified products, and mass production is expected in the later period, which will restrain the rise of the styrene market.
The acetone market rose at a high level.
The blockage of the Suez Canal supported higher international oil prices and gave strong support to the acetone market.
From the perspective of supply and demand, the first phase of Lihua Yiweiyuan's tower cleaning and parking facilities has recently weakened the intention of low-price shipments.
However, the current terminal enterprises mainly wait and see, and the overall purchasing enthusiasm is not high.
Judging from the list of declines, the dimethyl carbonate market continues to bottom, and the price has fallen to a low of 5,500 yuan/ton.
Market supply continues to increase, while the demand for main downstream battery electrolyte and polycarbonate is relatively weak, coupled with poor export performance, the dimethyl carbonate market is in an oversupply pattern, and prices continue to fall.
The trichloromethane market has pulled back from a high level.
The previous price has risen too sharply, and there is a certain callback demand.
The main manufacturer Shandong Jinling's 240,000-ton/year installation plans to restart at the end of the month.
The increase in market supply is expected to increase.
Manufacturers lower their quotations to stimulate shipments.
The current price of chloroform is still relatively high.
It is expected that the market will continue to be weak this week.
The same rational callback product is butyl acrylate.
Downstream manufacturers are more resistant to high-priced raw materials, and demand performance is not satisfactory.
Some large manufacturers have been blocked due to export, and the pressure on spot shipments has increased, and prices have seen a correction.
In addition, the downstream equipment of the raw material propylene fell, and the lower demand caused the price to fall, which also dragged the trend of butyl acrylate.
On the whole, the domestic chemical spot market pulled back slightly last week, and some products that had risen too sharply in the previous period gradually declined.
Looking at this week, the Suez Canal may continue to support oil prices and commodity prices for several weeks.
It is expected that the chemical market will fluctuate at a high level this week, but we still need to pay attention to the OPEC meeting held on April 1.
As of March 26, the China Chemical Product Price Index (CCPI) released by Chemical Online closed at 4969 points, a decrease of 0.
8%.
Among the monitored prices of important chemical products, 36 products rose, accounting for 25.
5%, and the top three products that rose were liquid ammonia, styrene and acetone; 74 fell products, accounting for 52.
5%, and the top three products fell.
The products are dimethyl carbonate, chloroform and butyl acrylate; there are 31 stable products, accounting for 22%.
Judging from the list of gains, the liquid ammonia market rose sharply last week, and the tight supply is the main reason for the rapid rise in prices.
Some enterprises in Inner Mongolia and Northeast China stopped for maintenance or reduced production, the market supply was tightened, and the ex-factory prices of manufacturers went up.
However, with the continuous increase in ammonia prices, downstream resistance has gradually emerged, and some companies are about to resume production, it is expected that the price of liquid ammonia will continue to rise this week.
The styrene market rebounded, rising 3.
7%.
East China ports have reduced inventory, and the facilities of Ningbo Daxie, Polaris Basel and Tangshan Xuyang are scheduled to be overhauled in the near future, supporting the mentality of the styrene market.
In addition, near the end of the month, some downstream replenishment products also benefit the market to a certain extent.
However, the recent new installations of Sinochem Quanzhou and CNOOC and Shell have successively produced qualified products, and mass production is expected in the later period, which will restrain the rise of the styrene market.
The acetone market rose at a high level.
The blockage of the Suez Canal supported higher international oil prices and gave strong support to the acetone market.
From the perspective of supply and demand, the first phase of Lihua Yiweiyuan's tower cleaning and parking facilities has recently weakened the intention of low-price shipments.
However, the current terminal enterprises mainly wait and see, and the overall purchasing enthusiasm is not high.
Judging from the list of declines, the dimethyl carbonate market continues to bottom, and the price has fallen to a low of 5,500 yuan/ton.
Market supply continues to increase, while the demand for main downstream battery electrolyte and polycarbonate is relatively weak, coupled with poor export performance, the dimethyl carbonate market is in an oversupply pattern, and prices continue to fall.
The trichloromethane market has pulled back from a high level.
The previous price has risen too sharply, and there is a certain callback demand.
The main manufacturer Shandong Jinling's 240,000-ton/year installation plans to restart at the end of the month.
The increase in market supply is expected to increase.
Manufacturers lower their quotations to stimulate shipments.
The current price of chloroform is still relatively high.
It is expected that the market will continue to be weak this week.
The same rational callback product is butyl acrylate.
Downstream manufacturers are more resistant to high-priced raw materials, and demand performance is not satisfactory.
Some large manufacturers have been blocked due to export, and the pressure on spot shipments has increased, and prices have seen a correction.
In addition, the downstream equipment of the raw material propylene fell, and the lower demand caused the price to fall, which also dragged the trend of butyl acrylate.
On the whole, the domestic chemical spot market pulled back slightly last week, and some products that had risen too sharply in the previous period gradually declined.
Looking at this week, the Suez Canal may continue to support oil prices and commodity prices for several weeks.
It is expected that the chemical market will fluctuate at a high level this week, but we still need to pay attention to the OPEC meeting held on April 1.
