International oil prices closed up slightly, and raw materials such as butyl acrylate and propylene oxide fell slowly!

The European Union plans to impose a ban on Russian oil, and China eases its blockade against the new crown, easing concerns that slowing economic growth will affect demand
.
On Friday (May 20), the settlement price of West Texas Light Oil June 2022 futures on the New York Mercantile Exchange was $113.
23 per barrel, up $1.
02 or 0.
9% from the previous trading day, with a trading range of $110.
85-114.
04; London The July 2022 Brent crude oil futures settlement price on the Intercontinental Exchange was US$112.
55 per barrel, up US$0.
51, or 0.
46%, from the previous trading day, with a trading range of US$110.
52-113.
23
.

【Butyl acrylate】The butyl acrylate market is running weakly

Analysis points:

This week (5.
12-5.
19) the domestic butyl acrylate market was weak
.
On May 19, the average market price of butyl acrylate in East China was 14,350 yuan/ton.
On May 12, the average market price of butyl acrylate in the region was 14,500 yuan/ton, down 1.
0% year-on-year
.

This week, the release of terminal demand for butyl acrylate was less than expected.
The downstream prioritized the consumption of pre-stocks and contracts, and the enthusiasm for spot purchases was not good.
The overall performance of the market was stalemate, and the focus of trading did not improve
.
A certain ester plant in South China was parked this week, but it only boosted the South China market briefly, and the decline in other markets remained unchanged
.

Market outlook forecast:

From the perspective of supply and demand, the start-up load next week is slightly lower than this week, and the market supply is slightly reduced; the downstream emulsion start-up remains relatively high, the tape start-up may increase slightly, and the terminal orders may be average
.
In terms of cost, the raw material propylene may decline, the price of n-butanol may increase in the case of some equipment maintenance, and the cost of butyl ester may be boosted
.

It is estimated that the butyl acrylate market will be sorted after falling next week
.

Analysis points:

This week (5.
13-5.
20) the domestic propylene oxide market was weak and down
.
On May 20, the average market price of propylene oxide in Jiangsu was 10,600 yuan/ton.
On May 13, the average price of propylene oxide in the region was 11,000 yuan/ton, down 3.
6% year-on-year
.
  

In terms of cost, the price of upstream raw material liquid chlorine continued to decline this week, and the cost support was gradually weak
.
The overall downstream demand is weak, the transaction performance of new polyether orders is weak and difficult to change, the buying sentiment continues to be sluggish, and the wait-and-see atmosphere is strong.
The supplier has a strong willingness to support the market at the beginning of the week
.

If you increase by 500, I will increase by 700.
The price increase of leading titanium dioxide companies is crazy.

Entering May, the price of titanium dioxide has risen again
.
According to the latest news, after Longbai Group took the lead in raising prices, titanium dioxide enterprises such as China Nuclear Titanium Dioxide, Titanium Sea Technology, and Fumin Longteng started a new round of "price hikes", with price increases ranging from 500 yuan to 700 yuan per ton.
room
.
Then, titanium dioxide has risen so violently.
In addition to the objective factors such as the rise of raw materials, what other factors are affecting it?

It is worth noting that this is already the third round of price hikes in the year for leading titanium dioxide companies
.
Previously, domestic titanium dioxide companies had two intensive price increases, in January and March
.

In addition to the price increase of domestic titanium dioxide companies, international titanium dioxide giants Fanengtuo, Connors and other companies have issued price increase letters in February
.

The export volume of titanium dioxide has been rising for many years in a row
.
The data shows that the export volume of domestic titanium dioxide has increased significantly in the past five years.
It is estimated that the total export volume in 2021 will be about 1.
3 million tons, an increase of about 470,000 tons compared with 2017, and the five-year compound growth rate is 12.
52%
.
Based on the current domestic and international epidemic situation, it is expected that the export volume of domestic titanium dioxide may maintain a growth rate of about 7% in 2022, reaching 1.
4 million tons
.

Strong external demand offset the pressure on prices from weak domestic demand
.
At present, the domestic market is weak, and the export market is slightly better than the domestic market.
However, due to the continuous increase in cost, the profit margin of titanium dioxide manufacturers is gradually decreasing
.
Although the current market price of titanium dioxide is still much higher than the same period in 2020, it is lower than the same period in 2021
.
In the weak domestic demand environment, whether the increase of manufacturers can actually be implemented in place is still unknown
.