The hottest weekly report of acetone market this w

2022-08-09
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This week's acetone market weekly report

after a week's long Spring Festival holiday, the domestic acetone market started last week and followed the trend of rising before the holiday. Driven by the sharp rise in the ex factory price of domestic manufacturers, the market rose. However, the downstream demand has not been fully started, and some traders' shipments have been blocked due to the influence of the trading license of precursor drugs, the downstream demand has not improved significantly, and the market trading volume has not yet been amplified, The supply of goods in the market is still sufficient, but with the support of the high external market, the mentality of market participants is better, and the market atmosphere gradually improves with the recovery of downstream demand

I. for manufacturers,

Yanshan Petrochemical, the ex factory price is 6750 ~ 6850 yuan/ton, an increase of 280 yuan/ton compared with the previous period. The production of 260000 tons/year units is normal and the sales are good; Gaoqiao Petrochemical, the ex factory price is 6750 yuan/ton, an increase of 200 yuan/ton compared with the previous period. The production of 320000 tons/year unit is normal and the sales are good; Jilin Petrochemical, with an ex factory price of 610 yuan/ton, experienced an explosion in the biphenyl plant on November 13 last year. Although the device was not damaged, it was still in shutdown, the start-up time could not be determined, and no products were exported; Ha Huayu, the ex factory price is 7200 yuan/ton, an increase of 200 yuan/ton compared with the previous period. The production of 120000 tons/year device is normal, and the sales are good

II. Domestic market

East China. The market rose last week driven by the sharp rise in ex factory prices of local manufacturers and the good mentality of traders. At the weekend, the mainstream quotation in Zhangjiagang was 7300 yuan/ton, some quotations were 7400 yuan/ton, and the mainstream transaction was yuan/ton, up 100 ~ 200 yuan/ton from the beginning of the week; The mainstream quotation in Ningbo is 7200 ~ 7300 yuan/ton, and the mainstream transaction is about 7200 yuan/ton, an increase of 100 ~ 200 yuan/ton compared with the beginning of the week. The downstream demand has not been fully started, the middlemen's enthusiasm for receiving goods has improved, the market atmosphere has improved slightly, and the overall transaction performance is general. Market participants believe that the supply of goods in the market is still sufficient (Ningbo alone is at the 10000 ton level), and the downstream demand is still poor, making the market worrying

South China. Last week, affected by the increase in the ex factory price of acetone of Gaoqiao Petrochemical and the rise in East China ports, the market continued to strengthen. At the weekend, the mainstream market quotation was 7500 ~ 7700 yuan/ton, and the mainstream transaction was 7500 ~ 7600 yuan/ton, up 200 yuan/ton from the beginning of the week; However, the actual trading volume has not improved significantly. Some traders have been blocked from shipping due to license problems, the available spot flow in the market is limited, there are not many market inquiries, the downstream demand has not been restored, and the transaction is light; The market supply is relatively sufficient. With the arrival of 3000 tons of imported goods during the Spring Festival, the stock will reach about 10000 tons

North China. Last week, affected by the rise of the ex factory price of Yanshan Petrochemical acetone, the acetone market in North China continued to rise. The mainstream transaction was about 6900 ~ 7000 yuan/ton, up 250 ~ 350 yuan/ton from the beginning of the week. The market continued to rise, traders had a good mentality, some middlemen had a large inventory intention, their enthusiasm for receiving goods was improved, the market atmosphere became more active, and the market transaction was good

III. in terms of external sales

recently, acetone in Asia has remained at a high level, with the market price of 700 ~ 750 US dollars/ton (the high-end is the supplier's offer price, and the low-end is the importer's intention to receive goods). Affected by the upside down of internal and external sales, the importer's intention to receive goods is not large, and the intention to receive goods is 700 ~ 720 US dollars/ton. There is a large gap between the two parties' intentions, and there is no news of transaction. Before the festival, Asia Pacific acetone suppliers successively issued their first contract price in order to reduce the cost pressure caused by raw materials: the acetone contract price of Mitsui in February was $750/ton (CFR China/Northeast Asia); The contract price of acetone of Taihua in February was 740 US dollars/ton (CFR China/Northeast Asia); The contract price of acetone in Kumho, South Korea, in February was $760/ton (CFR China/Northeast Asia)

IV. upstream

pure benzene. Last week, due to the rise in freight and the narrowing of the arbitrage window of Meiya pure benzene, the freight of shipping in late February and March was $80-90/ton, and the number of ships on board in late March and April on Thursday increased, making the negotiation of shipment in April next week active again. It is reported that the ship owner gave up the ports in Southeast Asia and supported the arbitrage transportation of South Korea and the United States. It is reported that there are 24000 tons of Formosa 9 and 6000 tons of Formosa 7 in Taiwan, which are about to be shipped to the United States; 20000 tons of goods will be shipped to the United States. Rubber products with or without cuts will be continuously stretched at the specified speed with an electronic universal testing machine. 11500 tons of goods will be shipped from Nantong, China to the United States. It is reported that there are 8000 tons of goods from Nantong, China to the United States. The prices in the U.S. market in April and may were 287 ~ 291 cents/gallon and 289 ~ 293 cents/gallon, respectively; Equivalent to 860 ~ 871 USD/ton FOB and 865 ~ 877 USD/ton FOB. The spot freight of South Korea and the United States is $80 ~ 85/ton, and the arbitrage transaction price of goods in March is $780/ton FOB South Korea. Noble offered us $760/ton FOB Singapore for any shipping date in March. In March, the transaction was $785/ton FOB South Korea, and BP sold it to shell. The second order is FOB Korea at $795/ton in March and April. China's domestic market is strong, and traders offer 7500 yuan/ton for canning. The price of China's domestic market rose sharply after the holiday, and the ex factory price of refineries rose by 200 ~ 300 yuan/ton. It is reported that the inventory of Nantong port has been reduced to 9000 tons. In the second half of the week, the transaction price remained at the level of yuan/ton. At present, the manufacturers' shipments are mainly contract goods, and the purchase volume of traders has shrunk significantly. Some traders believe that the short-term future market rise is weak. The analysis shows that due to the reduction of refinery inventory, the domestic pure benzene market is strong, and the traders offer 7500 yuan/ton. However, the market atmosphere was affected by the inventory of crude oil, naphtha, toluene and pure benzene in South Korea. Due to the centralized maintenance of a large number of styrene and phenol plants in Asia in the first quarter, which affected the consumption of raw phenol, coupled with the surge and over speed in the early stage, the industry insiders were generally bearish about the future market. It is expected that the possibility of oscillation and consolidation in the near future is large, and the long-term outlook is stable, moderate and slightly downward

propylene. After the festival, the domestic propylene market opened in a calm manner. At the beginning of the week, the market fluctuated little, the trend was stable, and the quotation was static and dynamic. Many downstream manufacturers were still in the holiday period, and most buyers and sellers had a wait-and-see mentality. With the gradual commencement of downstream enterprises in the middle of the week, the propylene market showed a steady upward trend, and the transaction atmosphere was stable. By the end of the week, it stabilized and the price was calm. The mainstream price in Shandong is 9550 ~ 9700 yuan/ton, basically unchanged; All manufacturers in North China quote steadily, with the mainstream price of 8800 ~ 9500 yuan/ton (the low-end price is the mutual supply price); In Northwest China, due to the fact that Ningxia pagoda plant has not been started, Lanzhou Petrochemical products are all for their own use, and the market resources are relatively limited. Xianyang Auxiliary Factory raised the ex factory price from 150 yuan/ton to 8900 yuan/ton at the weekend. Propylene manufacturers are optimistic about the market trend. Otherwise, a series of problems will inevitably occur in the later stage. However, the overall atmosphere of the downstream polypropylene market is poor, and the enthusiasm to enter the market is generally not high. It is expected that the market will continue to be stable later

v. downstream market

bisphenol A. Supported by the high and strong external market, the domestic bisphenol a market was pushed up more actively by traders, and the market trend was stable and rising. At the weekend, the mainstream quotation in East China was 12600 ~ 12700 yuan/ton, and the mainstream transaction was about 12500 yuan/ton, of which the mainstream transaction in Huangshan was 12500 ~ 12600 yuan/ton. The downstream epoxy resin manufacturers began to operate gradually, but most of them were dominated by digestion of pre holiday inventory, with little intention of receiving goods, mainly on the sidelines, and few transactions. Market participants said that the high price of the external quotation was strong at 1350 US dollars/ton. With the recovery of downstream construction, the early inventory of manufacturers will be gradually digested, and there will be replenishment. The reduction of the unit operating rate of some foreign manufacturers has pushed up the strong psychology of traders, which is good support. It is expected that the recent market will continue to rise steadily

VI. outlook

the domestic acetone market before and after the festival was significantly higher. Domestic manufacturers did not follow up well, and the price gap increased. After the festival, driven by the continuous transfer of factory prices by manufacturers, the market rose steadily. However, due to the start-up of downstream demand and the unclear improvement, the trading volume did not increase. Looking at the domestic acetone market, good and bad are mutual. On the one hand, some foreign devices are overhauled, and the internal and external disks are still upside down, so the inflow of imported goods is blocked, while the downstream demand will gradually improve with the departure of the Spring Festival, and the good mentality of the market is firmly supported; But on the other hand, the spot source is still relatively sufficient. With the safe customs declaration of some products and the handling of precursor drug licenses, the spot circulation will increase, and the market is obviously weak. The acetone market is good and bad. It is expected that the possibility of horizontal consolidation of the market is large and the room for rise and fall is limited

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