Price trend

According to the bulk list data of the Business Society, the vitamin market has remained stable and slightly volatile this week, with some products experiencing active inquiries, including vitamin B2 jumping up and active market inquiries. Some traders have stopped reporting, while most other products are operating at the bottom, lacking upward momentum.

According to price monitoring by Business Society, the vitamin C market has been running smoothly this week, with mainstream feed grade vitamin C prices ranging from 21 to 22 yuan/kg. The overall trading volume in the vitamin C market is light, with a high proportion of small orders being traded. Downstream markets just need to enter the market, with weak demand. The overall market situation is mostly in line with the market, and there is currently no significant positive support, indicating a weak performance.

This week, the price of vitamin A is temporarily stable, with the mainstream price of feed grade vitamin A in the market being 88-90 yuan/kg, and the quotation in the European market being 20-24 euros/kg. The vitamin A market has stable trading volume, with an oversupply of domestic vitamin A and weak demand, making it difficult to improve.

The price of vitamin E has not fluctuated much this week, and the current mainstream quotation in the VE market is between 75 to 80 yuan/ton. The European market offers a price of 7.4 to 7.7 euros per kilogram. The weather has turned hot, with an increase in planned maintenance companies and expectations of reduced supply, vitamin E prices have shown strong performance.

Future Market Forecast

Vitamin analysts from the Chemical Branch of the Business Society believe that some vitamins are currently in the bottom consolidation stage, and there is a strong wait-and-see atmosphere in the market. In the future, we will closely monitor the production, sales, and market trends of enterprises.

Recent price trends of hydrochloric acid

According to the Commodity Analysis System of Business Society, the domestic hydrochloric acid price has temporarily stabilized this week, with an average market price of 165.00 yuan/ton. Weekend prices fell 42.61% year-on-year. On June 11th, the hydrochloric acid commodity index was 43.42, unchanged from yesterday, a decrease of 68.51% from the cycle’s highest point of 137.89 points (2021-10-26), and an increase of 141.49% from the lowest point of 17.98 points on September 5th, 2012. (Note: The cycle refers to the period from September 1st, 2011 to the present)

Insufficient upstream support, weakened downstream procurement

From the supply side perspective, the domestic hydrochloric acid market prices have temporarily stabilized this week, and manufacturers’ inventory is average.

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market is consolidating at a low level, with average cost support. The downstream Aluminium chlorohydrate market price fell slightly, from 1768.75 yuan/ton at the beginning of the week to 1756.25 yuan/ton at the end of the week, down 0.71%. Weekend prices fell by 21.68% year-on-year; The market price of ammonium chloride has slightly increased, with the market price rising from 607.50 yuan/ton at the beginning of the week to 610.00 yuan/ton at the weekend, an increase of 0.41%. The weekend price has decreased by 61.64% year-on-year. Overall, there is insufficient upstream support and average downstream demand.

Future Market Forecast

In mid to late June, the market price of hydrochloric acid may fluctuate and decline in a narrow range. The upstream liquid chlorine market was consolidated at a low level, and the cost support was insufficient. The downstream Aluminium chlorohydrate market fell slightly, while the ammonium chloride market rose slightly, and the downstream purchase intention was weak. Analysts from Business Society believe that the recent slight fluctuations in the hydrochloric acid market have been the main trend.

1、 Price trend

According to the monitoring of the Commodity Market Analysis System of the Business Society, the spot price of PVC carbide SG5 fluctuated and fell this week. Last Friday, the average domestic PVC price was 5548 yuan/ton, and this Friday’s average price was 5524 yuan/ton, with a price drop of 0.43% during the week.

2、 Market analysis

The price of PVC in the domestic Spot market fell sharply this week. At the beginning of the week, spot prices rose in the market, while prices fell over the weekend. Overall, the price decline was the main trend. At present, the trading atmosphere in the market is light, and downstream procurement is lukewarm and not enthusiastic. Enquiries and procurement enthusiasm are not active, and actual transactions are cautious and more wait-and-see. As of now, the quotation range for PVC5 carbide materials in China is mostly around 5280-6170 yuan/ton.

In terms of crude oil, international crude oil futures closed lower on June 8th. The settlement price of the main contract for WTI crude oil futures in the United States was $71.29 per barrel, a decrease of $1.24 or 1.7%. The settlement price of the main contract for Brent crude oil futures was $75.96 per barrel, a decrease of $0.99 or 1.3%.

In terms of calcium carbide, according to data monitored by the Business Society, the factory prices of calcium carbide in the northwest region have slightly decreased this week. Last Friday, the average ex factory price of mainstream calcium carbide manufacturers in Northwest China was 3150 yuan/ton. This Friday, the average price was 3000 yuan/ton, and the price fell by 4.76% during the week. The price of raw material Shenmulan charcoal has decreased, and the cost support for calcium carbide is insufficient. The downstream PVC market has fluctuated and declined, and downstream customers have average enthusiasm for purchasing calcium carbide. In the future, it is expected that the factory price of calcium carbide in the northwest region may fluctuate slightly and decrease, with consolidation being the main trend.

3、 Future Market Forecast

PVC analysts from Business Society believe that PVC spot prices have fluctuated and fallen this week. At present, the factory price of calcium carbide has slightly decreased. On June 8th, international crude oil futures closed down, with weak cost support. In addition, the demand of PVC Spot market is still weak, and the downstream and traders are mainly wait-and-see, resulting in poor market confidence. It is expected that the PVC market will be weak in the short term and closely monitor changes in the news.

This week (5.29-6.5), the market for butadiene rubber slightly declined. According to the Commodity Market Analysis System of Business Society, as of June 5th, the domestic price of butadiene rubber was 10400 yuan/ton, a decrease of 0.48% from last Monday’s 10450 yuan/ton. The price of raw material butadiene continues to decline significantly, and the cost of cis-1,4-polybutadiene rubber is declining; During the cycle, the factory price of polybutadiene rubber supplier polybutadiene rubber was reduced by 300 yuan/ton, resulting in a decrease in merchant offers. According to the monitoring of Business Society, as of June 5th, the factory price of butadiene rubber at Sinopec North China Sales Company was reported at 9900 yuan/ton. As of June 5th, Qilu, Yanshan, Yangzi, Dushanzi, Sichuan, Qixiang, Zhenhua and other mainstream markets of butadiene rubber in East China reported 9900~10500 yuan/ton.

This week (5.29-6.5), the operating rate of butadiene rubber slightly increased, and the supply pressure slightly increased.

This week (5.29-6.5), the price of raw material butadiene continued to decline significantly, and the cost of cis-1,4-polybutadiene rubber continued to decline. According to the Commodity Market Analysis System of Business Society, as of June 5th, the price of butadiene was 6378 yuan/ton, a decrease of 10.66% from last Monday’s 7140 yuan/ton.

This week (5.29-6.5), the natural rubber market was weak and volatile, providing slight support for butadiene rubber. According to the Commodity Market Analysis System of Business Society, as of June 5th, the price of natural rubber was 11690 yuan/ton, an increase of 0.43% from last Monday’s 11640 yuan/ton, and the low point during the cycle was 11600 yuan/ton.

The tire operating rate fluctuated slightly this week (5.29-6.5), with limited demand for rubber support. It is understood that as of late May 2023, the operating load of all steel tires for rubber tire enterprises in Shandong region is 6.4%; The operating load of semi steel tires for domestic rubber tire enterprises is 7.1%.

Future Market Forecast: Business Society analysts believe that in the near future, some butadiene rubber plants will restart, increasing pressure on the supply side of butadiene rubber; Downstream construction fluctuates slightly, with limited support for butadiene rubber. Although the price of natural rubber is slightly supported, the pressure on natural rubber inventory remains, and short-term support for butadiene rubber is not optimistic. Overall, it is expected that butadiene rubber will experience weak consolidation in the short term.

According to the commodity market analysis system of the business community, the market price of o-phthalic anhydride declined this week. As of the weekend, the quotation of o-phthalic anhydride was 7800 yuan/ton, 2.19% lower than the price of 7975 yuan/ton at the beginning of the week, and 6.02% lower than the same period last year.

Supply side: Stable operation of the device and sufficient supply of goods

Recently, the operation of domestic phthalic anhydride plants has been stable, and the operation of domestic phthalic anhydride plants has been stable. Currently, the operating rate of domestic phthalic anhydride is around 60%, and the supply of goods is normal. Recently, the demand for phthalic anhydride has been average, and manufacturers’ orders have been light. Negative factors have affected the decline in the domestic phthalic anhydride market.

Cost end: price trend of o-benzene market is temporarily stable

This week, the price trend of domestic ortho benzene was temporarily stable. By the end of the week, the price of ortho benzene was 8100 yuan/ton, unchanged from the price of 8100 yuan/ton at the beginning of the week. The supply of ortho benzene was normal, and the operation of on-site devices was stable. This week, the price range of crude oil fluctuated, the pressure on ortho xylene increased, the demand for ortho xylene was weak, the price of ortho benzene on the external market changed little, the price trend of ortho benzene market was stable, and the decline of phthalic anhydride market was limited.

On the demand side: DOP market trend is declining, with on-demand procurement being the main focus

The price trend of downstream DOP market declined by 3.69% this week. At present, the domestic DOP price is 9560 yuan/ton. The domestic DOP enterprises have started to work steadily, and the demand for phthalic anhydride is mainly based on demand. The mainstream price of DOP is 9500-9600 yuan/ton. The trend of DOP price has a negative impact on the air phthalic anhydride market. As a whole, the demand of plasticizer industry is poor, and the price trend of phthalic anhydride market has declined due to this.

In the future, the price trend of o-xylene remains weak in the short term. In addition, the demand of downstream plasticizer industry has not improved significantly, and the trend of plasticizer market has declined. The supply of phthalic anhydride is normal, and the sales situation is general. It is expected that the market price of o-phthalic anhydride will decline slightly in the future.

According to the commodity analysis system of the business community, the market price of domestic neopentyl glycol first rose and then fell in May, and the average price of the mainstream market of domestic neopentyl glycol first rose from 10266.67 yuan/ton on May 1 to 10766.67 yuan/ton on May 5, an increase of 4.87%. After a week of stable operation, the fluctuation dropped to 10433.33 yuan/ton on May 31, a decrease of 3.10%. The price at the end of the month decreased by 38.02% year-on-year. Overall, the market price of neopentyl glycol rose 1.62% in May. On May 31, the new pentanediol commodity index was 50.28, unchanged from yesterday, a decrease of 51.47% from the cycle’s highest point of 103.61 points (2021-09-22), and an increase of 16.79% from the lowest point of 43.05 points on November 28, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

Market situation of domestic neopentyl glycol in May

From the supply side perspective, the prices quoted by mainstream manufacturers of neopentyl glycol have slightly increased this month.

From the cost side, the market price of isobutyraldehyde rose first and then fell in May. Some manufacturers stopped production for maintenance, and the market price of isobutyraldehyde rose from 7433.33 yuan/ton on May 1 to 10400.00 yuan/ton on May 8, an increase of 39.91%; Later, it fell to 7533.33 yuan/ton as of May 31, a decrease of 27.56%. Overall, the market price of isobutyraldehyde rose 1.35% in May. The price at the end of the month decreased by 75.33% year-on-year. The factory price of formaldehyde in China slightly decreased in May. The factory price of formaldehyde dropped from 1186.67 yuan/ton at the beginning of the month to 1123.33 yuan/ton at the end of the month, a decrease of 5.34%. On the whole, the price of upstream raw material market fell slightly, and the price support for neopentyl glycol was weak due to the influence of supply and demand.

Looking at the future market, the overall trend of the new pentanediol market in mid to early June may fluctuate slightly and decline mainly. The upstream isobutyraldehyde and formaldehyde markets have slightly declined, with insufficient cost support. The downstream paint market is average, and the enthusiasm for downstream procurement has weakened. Analysts from Business Society believe that in the short term, the market for new pentanediol may experience slight fluctuations and declines due to various factors such as supply and demand, as well as raw materials.

According to the Commodity Market Analysis System of the Business Society, the domestic cyclohexanone market fluctuated and declined in May. From May 1st to 30th, the average market price of cyclohexanone in China dropped from 9510 yuan/ton to 9325 yuan/ton, a decrease of 1.75%, with a maximum amplitude of 2.20% and a year-on-year decrease of 20.79%.

At the beginning of the month, the raw material pure benzene was operating in a weak position, with weak cost support and average downstream demand. However, the supply of market goods increased, industry competition intensified, and the focus of the cyclohexanone market fell. In mid month, the raw material pure benzene fell weakly, with a lack of cost support, weak downstream demand, strong resistance to high prices, and a large supply of goods in the market. Manufacturers offered to sell at a profit, resulting in a decrease in transaction volume. In the latter half of the month, the raw material pure benzene fell weakly, with a lack of cost support, weak downstream demand, high market commodity circulation, poor shipments, and a lower transaction focus.

On the cost side, the domestic pure benzene market was operating at a low level in May. As of May 30th, the benchmark price of pure benzene for Shangshang Society was 6572.17 yuan/ton, a decrease of -11.59% compared to the beginning of this month (7433.83 yuan/ton). The overall demand atmosphere is weak, with downstream consumption of raw material inventory being the main factor, making it difficult for the pure benzene market to change the downward trend. The cost side of cyclohexanone is bearish.

On the supply side, the operating rate of cyclohexanone industry units remains around 60%, with a slight increase in supply. The short-term supply of cyclohexanone was slightly bearish.

On the demand side, the domestic caprolactam market in May was dominated by the high level. As of May 30, the benchmark price of caprolactam in the business community was 12580.00 yuan/ton, a decrease of -0.81% compared with the beginning of this month (12683.33 yuan/ton). At present, caprolactam market supply is relatively stable, and supply and demand are relatively balanced. Downstream demand performance is insufficient, and procurement is more cautious, maintaining a wait-and-see attitude. The demand side of cyclohexanone is favorable and has a positive impact.

In the future market forecast, pure benzene may continue to experience weak volatility and weak cost support. The supply of goods has increased, and cyclohexanone analysts from Business Society predict that the domestic cyclohexanone market will operate in a weak manner in the short term.

1、 Price trend

According to the monitoring of the commodity market analysis system of the business community, the domestic market price of isopropanol fell in May. On May 1st, the average price of isopropanol was 7110 yuan/ton, and on May 29th, it was 6790 yuan/ton. During the month, the price increased by 4.5%.

2、 Market analysis

In May, the price of domestic isopropanol market fell. The isopropanol market has been sluggish this month, with cautious trading on the sidelines. Upstream acetone and propylene fell one after another, cost support weakened, the focus of negotiation fell, and market prices fell. As of now, the majority of quotations for isopropanol in the Shandong region are around 6600-6800 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 6800-7400 yuan/ton.

In terms of raw material acetone, according to the monitoring of the commodity market analysis system of the business community, the market price of acetone fell this month. On May 1st, the average price of acetone was 6587.5 yuan/ton, while on May 29th, the average price was 5895 yuan/ton. During the month, the price decreased by 10.51%. In May, due to difficulties in improving the demand side of domestic acetone, the intention of holders to sell at a profit margin was clear, and the offer continued to decline. Factories followed suit, while downstream factories were more wait-and-see, hindering procurement progress. Terminals continued to pay attention to the improvement of demand.

In terms of raw propylene, according to the monitoring of the commodity market analysis system of the business community, the domestic propylene (Shandong) market price fell in May. The market was 7052.6/ton at the beginning of May. The average price on May 29 was 6438.25/ton, down 8.71% month on month. Propylene analysts from the Chemical Branch of the Business Society believe that due to the sluggish demand market for propylene, there has been a significant increase in upstream inventory. In order to stimulate sales, factories have continued to reduce prices and inventory, but the demand increase is limited. Downstream procurement is cautious and there is a strong wait-and-see atmosphere. It is expected that there will be no significant improvement in downstream demand in the short term, and the propylene market will maintain a weak trend.

3、 Future Market Forecast

The isopropanol analyst from the Chemical Branch of the Business Cooperative believes that the domestic isopropanol market price fell this month. The acetone market price continued to decline, the propylene (Shandong) market price fell, the isopropanol market trading atmosphere was light, traders and downstream users were more wait-and-see, actual orders were cautious, market confidence was insufficient, and the focus shifted downward. It is expected that the isopropanol market will operate weakly and steadily in the short term.

According to monitoring data from Business Society, as of May 26, 2023, the factory price of domestically produced industrial grade dimethyl carbonate was set at 4600 yuan/ton, a decrease of 166 yuan/ton or 3.50% compared to May 1, 2023 (reference price of dimethyl carbonate at 4766 yuan/ton).

From the data monitoring chart of the Business Society, it can be seen that since May (5.1-5.26), the overall market situation of dimethyl carbonate in China has shown a slight weak decline. In early May, after returning from the Labor Day holiday, there was little change in the supply and demand news of the domestic dimethyl acetate market, and the overall market was relatively calm. The overall market of dimethyl carbonate remained stable and consolidated. Subsequently, due to insufficient downstream demand, the on-site supply of dimethyl carbonate was under pressure. On the 8th, some factories lowered the price of dimethyl carbonate by about 200 yuan/ton, and the market continued to consolidate weakly.

In late May, the supply side of dimethyl carbonate decreased, and the supply pressure eased. The overall dimethyl carbonate market continued to consolidate and operate. However, the follow-up of downstream actual orders remains average, with cautious procurement and slow supply and demand transmission of dimethyl carbonate. On the 24th, some dimethyl carbonate factories slightly lowered the price of dimethyl carbonate again, with a reduction of about 100 yuan/ton. The overall focus of the dimethyl carbonate market has declined in a narrow range. As of May 26, the domestic market price of dimethyl carbonate is around 4400-4800 yuan/ton.

Analysis of Future Market Trends

At present, the overall trading atmosphere of dimethyl carbonate in the domestic market is average, and there is a certain wait-and-see sentiment in the market. Downstream purchases of dimethyl carbonate mainly continue to be on demand, with limited new orders. The business company’s dimethyl carbonate data analyst predicts that in the short term, the domestic dimethyl carbonate market will mainly adjust and operate within a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.

The epoxy resin market continues to be depressed, the raw material bisphenol A continues to decline, the epoxy chloropropane continues to be depressed, and the dual raw materials are difficult to support. At present, the mainstream negotiated price in East China is 13600-13900 yuan/ton of purified water for delivery, and the negotiated price in Mount Huangshan solid epoxy resin market is 13400-13800 yuan/ton.

The market atmosphere for raw material bisphenol A is light, as downstream demand is sluggish and the weakness of raw material phenol/acetone continues. There are few inquiries on the bisphenol A market, with the main decline being negative. As of now, the mainstream negotiations in East China are between 9550 and 9650 yuan/ton, and sporadic low prices have also been heard. Market transactions are mostly small orders.

The raw material epichlorohydrin continues to be in a weak adjustment state. Currently, the market sees a lot of air pollution, but due to the weak demand situation, it is difficult to improve. Manufacturers are under great pressure to ship, and there are many intentions to sell at a discount. The price of new orders has declined. At present, the mainstream negotiation price in Shandong is 8100-8200 yuan/ton for acceptance and delivery.

In the future, the market atmosphere for epoxy resin has been relatively light in the near future, with downstream purchases maintaining small orders according to demand. Manufacturers are still under pressure to ship, while dual raw materials are difficult to support, and the industrial chain is mostly showing a downward trend upward. It is expected that short-term bearish sentiment will be the main trend on the market, and epoxy resin will undergo a narrow adjustment, continuously focusing on the demand side trend of upstream product level in the industrial chain.