On May 11, Saudi Arabia announced that it would “voluntarily” cut production by another 1 million barrels in addition to the OPEC+ plan in order to maintain the stability of the global energy market. For a time, oil prices rose violently, and WTI crude oil futures turned from a deep drop of 4% to a rise.
(“Voluntary”: Dear The meaning of the detailed emoji)
While crude oil has surged and plummeted, and is still heading towards an upward trend in the medium and long term, domestic chemical raw materials have finally ended their quarter-long price decline, and prices have rebounded strongly. ,rise! arrive! Break! goods! Just asking, are you afraid of the price? !
The rise is fierce! Chemical products are generally rising!
The price rebound war has begun!
In the first quarter of this year, chemical prices generally fell. Some manufacturers even frankly admitted that they were unable to do business due to the decline (epidemic + inventory backlog). Entering May, the chemical market finally cleared away the gloom, and started a rebound with the recovery in demand during May Day!
Among the 64 important chemical products monitored, the vast majority of products are on an upward trend, and the increases are generally considerable. There were 48 rising products, accounting for 75%; 7 falling products, accounting for only 10.9%; and 9 products remaining unchanged, accounting for about 14.1%. The top three products with the highest increase were MMA (↑17.07%), nylon chips (↑14.36%), and cyclohexanone (↑12.96%).
This piece of red really made the chemical workers look forward to it, and they cried with joy!
The epoxy resin industry chain is rising across the board! Price is so high that it’s out of stock!
Back from the May holiday, epoxy resin has successfully attracted the attention of chemical workers! It quickly increased by nearly 2,000 yuan!
The overall epoxy resin market rose last week (May 4-10) , the ton price increased by nearly 2,000 yuan compared with before the holiday. As of last Friday (8th), the market price of epoxy resin was around 9,900-10,300 yuan/ton, which was nearly 700 yuan/ton higher than before the holiday. The negotiated price of liquid resin in East China was 18,000-18,800 yuan/ton, and the price was relatively stable. The price rose sharply by nearly 2,000 yuan/ton before, and the negotiated price of solid epoxy resin was 13,300-13,700 yuan/ton. The overall operation of domestic equipment is stable, factories mainly deliver orders, there is a strong atmosphere of pushing up new orders, and prices continue to rise. The person in charge of an epoxy resin company said that it is currently telling the outside world that it is “out of stock” because he believes that this rising trend will continue and will only wait for the price to push up to take advantage of the opportunity to make a profit.
The rapid rebound of epoxy resin this time depends entirely on the overall popularity of upstream materials.
▶▶Bisphenol A:
After the May holiday, Bisphenol A rose linearly, rising nearly a thousand yuan. On May 12, the quotation of bisphenol A was temporarily stable, with Sinopec Mitsubishi offering 10,000 yuan/ton.
▶▶Epichlorohydrin:
Recently, the price of epichlorohydrin has rebounded against the trend. On May 9, Jinan Aochen Chemical quoted a price of 10,200 yuan/ton. Shandong Yukang Chemical quoted 10,000 yuan/ton, and Jinan Jinrihe Chemical quoted 9,800 yuan/ton. The price has increased significantly from the historical low of 8,000 yuan/ton in April, with an increase of 27%.
The surge in oil prices, favorable upstream benefits, downstream infrastructure boost, increased industrial chain resumption rate, and gradual economic recovery will all play a role in boosting the price of epichlorohydrin.
The latest quotation of the epoxy resin industry chain on May 12 is as follows:
The quotation is temporarily stable , do you want to cherish this ordering opportunity?
TDI is seriously out of stock! BASF takes the lead in raising prices!
TDI market price surged after the holiday, exceeding 10,000 yuan/ton in one fell swoop. The giants generally have maintenance plans in May and stated that TDI is seriously out of stock, pushing TDI to continue to rise.
Shanghai BASF stated that due to the factory failure in April and planned maintenance in May, TDI was seriously out of stock and decided to determine the settlement price in May. Not less than 10,200 yuan/ton.
The latest price of Covestro TDI is 10,600 yuan/ton, which is 500 yuan/ton higher than the previous month. The device is operating at high load. The maintenance is expected to take place in mid-to-late May and last about 3 weeks. The specific details are subject to official announcement.
Gansu Yinguang’s TDI fixed price this week is 10,500 yuan/ton, which is higher than the previous month.500 yuan/ton.
Wanhua Chemical’s TDI settlement price this week is 10,700 yuan/ton, an increase of 500 yuan/ton from the previous month, indicating tight supply.
Yantai Wanhua’s current equipment maintains high-load operation. In early May, Wanhua officially took over the TDI project of Wanhua Fujian (formerly Fuhua Industry and Trade) and announced that the restart of the equipment will be postponed. Now its The device remains parked and please pay attention to follow-up news.
The latest TDI quotation on May 12:
The caustic soda is so high that it can’t stop the car!
After a wave of operations in the caustic soda market before the holiday, prices rose as expected after the holiday, and mainstream manufacturers generally increased by 100 yuan/ton, while Binhua prices increased by 300 yuan. / ton, an increase of up to 15%.
The latest quotation of caustic soda on May 12 is as shown below:
On the other hand, the price of liquid alkali is also rising. On May 12, the prices of some liquid alkali are as follows:
1. King Products:
1. The price of 30% liquid alkali increased by 20 yuan, with spot exchange of 440 yuan/ton and acceptance of 450 yuan/ton;
2.48% liquid alkali The price has increased by 20 yuan, with spot exchange of 750 yuan/ton and acceptance of 770 yuan/ton, and shipments will be made as planned
2. Dongying products:
The price of 1.32% liquid alkali increased by 20 yuan, with spot exchange of 470 yuan/ton and acceptance of 480 yuan/ton.
2.50% The price of liquid alkali increased by 30 yuan, with spot exchange of 770 yuan/ton and acceptance of 790 yuan/ton
Thirteen chemical companies stopped for maintenance!
At the same time, as we enter the middle of the year, some companies have ushered in a new round of maintenance arrangements. According to incomplete statistics, 13 companies have currently stopped for maintenance, involving a production capacity of 3.52 million tons.
△Source: Micro LINK Chemical
In the past, shutdowns for maintenance would cause tight supply. I don’t know whether this maintenance of chemical companies can drive the chemical market. How to stabilize this rising trend?
Is the price increase really coming?
The chemical market has finally cleared away the gloom and “sees the light of day again.” The market is rising strongly. Does it mean that a new wave of price increases will come? !
The demand for midstream and upstream raw materials has shown signs of recovery. At the same time, the epidemic situation abroad has shown signs of being controlled in some parts of the world. In addition, Europe and the United States and other countries have focused on intensively launching economic recovery or monetary stimulus policies, and external orders for some industrial chain end products have begun to show signs of recovery. These factors are all driving up the post-holiday chemical price increase. important reasons.
But the virus is still cunning, and we still need to be alert to the possible impact of a counterattack on businesses. At present, the market trend in May is likely to be upward. However, speculation cannot be ruled out, so please be cautious when stocking up! </p
