Metallurgy / Chemicals / Rubber & Plastics

In June, the supply of chemical products in the market gradually increased, downstream demand was relatively stable, and supply-side games were the main focus. In the chemical product trading list of today's chemical mall, 39 products rose, accounting for 37.14%, and 43 products were stable, accounting for 40.95. %, 23 products dropped, accounting for 21.9%. The top three products that rose on June 24 were PET, pure MDI, and propylene glycol, with an increase of 2.48%, 2.33%, and 2.21%, respectively. The top three products that fell were liquid chlorine, MIBK, and DMF, with a decrease of 5.45% and 3.70, respectively. %, 2.22%.

Recently, bisphenol A has changed its previous trend and entered a downward mode. It has fallen by 7.87% for two consecutive weeks. On June 15th, the average BPA offer in the market was 22,600 yuan/ton. As of June 24, the market offer was 20,800-20,900 yuan. / Ton, the eight working days after the holiday fell by nearly 1,900 yuan / ton. From the perspective of raw materials, the phenol market was largely stable this week, and market negotiations were in a deadlock. The negotiations reached 9,050 yuan/ton. The overall change after the holiday was not much. The port inventory was relatively stable, and the supply side pressure was not large, but downstream orders At a low level, it is expected that it will be more difficult for holders to push the market up, the overall atmosphere is tepid, and it is difficult to increase trading volume.

Another raw material, the acetone market has dropped significantly. It can be said that the acetone market has been in an accelerated downward trend since May. The East China market was offered at 8,150 yuan/ton on May 1 and the East China market was offered at 4800 yuan/ton on June 24. Ton, a decrease of 41%. The domestic acetone market experienced a slight increase after the decline yesterday. After a rapid decline in the previous period, the holders' intention of low-price shipments weakened, and the offer rose slightly. Sporadic traders entered the market to replenish goods and trade. The atmosphere is good, and the terminal factory has a general replenishment mood when entering the market, and the firm transaction is small. It is expected that the acetone market will fluctuate mainly today, and the negotiated price in the East China market is expected to be 4800-4900 yuan/ton.

Downstream liquid epoxy resins continue to be in a downturn. The recent trend of raw materials has declined significantly. Domestic epoxy resin prices have declined yesterday. At present, the trend of dual raw materials has fallen, cost support has weakened, and downstream terminals are bearish on future expectations, and demand is insufficient to follow up, resulting in manufacturers Shipment pressure remained unabated, the focus of new order negotiations was weak, and actual orders were limited. East China liquid epoxy resin negotiations fell to 26,000-27,000 yuan/ton, solid epoxy resin negotiations fell to 25,000 yuan/ton, and the epoxy resin market fell mainly Affected by the overall decline in dual raw materials, the significant decline in bisphenol A is unfavorable on the cost side, and manufacturers are under greater pressure on shipments. On the other hand, downstream expectations are not optimistic about the market outlook, the mentality of the market is under pressure, and the factories generally lack orders. In addition, the boiler in the park was restored. It is hard to say that the epoxy resin industry is positive in the short-term, and the market is insufficient.

The short-term bisphenol A market is still showing a downward trend, mainly due to the sluggish terminal demand market. Holders have a serious bearish attitude. It is expected that the downstream of the industry chain will also show a downward trend in the short term. The epoxy resin industry as a whole has insufficient orders and market transactions are not optimistic. PC-side factories mainly digest contracts, and market trading is hardly positive. The short-term bisphenol A market is expected to continue its downward trend.

Recently, the ex-factory price of propylene oxide in the market was 13,100 yuan, a drop of nearly 5,900 yuan from the high of 19,000 yuan in mid-May, a drop of 45%. At present, the import volume of propylene oxide has increased compared with the previous two months. On the whole, the domestic supply of propylene oxide is sufficient and loose, and the downstream polyether demand is off-season. Although the raw material guarantee is stable, it is difficult to provide cost support. Polyether for the production of polyurethane foam Polyol (polyether) is the most important downstream area of propylene oxide, and the demand accounts for more than 70%.

June to July is the off-season in the polyether market, and affected by the rebound of the epidemic in many Southeast Asian countries, the operating rate of some overseas installations has declined, and the overall demand growth has been weak. From the perspective of domestic demand, affected by the epidemic and power curtailment in southern China, the downstream sponge factories are not very enthusiastic about entering the market, and they are transmitted to the upstream, raw material prices continue to decline, and the polyether market is relatively flat. The weak demand has led to a clear pattern of oversupply in the propylene oxide market. It is expected that the propylene oxide market will be dominated by weak shocks in the short term.