Monthly Archives: December 2020

As of the 30th, the price of China domestic spot aluminum ingots decreased by 7.12% within the month

Price list of aluminum ingots

 

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According to the data of business news agency, on December 30, the average price of domestic aluminum ingots in East China market was 15786.67 yuan / ton, down 7.12% from the average price of 16996.67 yuan / ton at the beginning of the month (December 1), up 8.47% from the average price of 14553.33 yuan / ton at the beginning of the year (January 1), and up 40.49% from the valley price of 11230 yuan / ton at the end of the year (March 24).

 

Import and export data

 

1. Bad news:

 

In November, imports fell month on month and rose year on year, with total imports increasing 4 times year on year

 

According to statistics, China imported 188973 tons of unwrought aluminum and aluminum products in November, down 26.4% from October and up 158.6% from the same period last year.

 

From January to November 2020, the total amount of imported unwrought aluminum and aluminum products is 2.44 million tons, which is four times higher than that of the same period last year.

 

2. Bad news:

 

Downstream exports continue to improve

 

According to customs data, the export volume of China’s aluminum wheels in November 2020 was 90000 tons, with a month on month increase of 2.3% and a year-on-year increase of 27.5%.

 

The cumulative export volume from January to November was 730000 tons, a year-on-year decrease of 11.7%

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Cost support still exists, spandex price fluctuates upward

According to the price monitoring of the business community, the domestic spandex market price was in a high shock in December, showing a trend of first rising and then falling. The increase was significantly narrower than that of last month, with a monthly increase of 0.73% and a year-on-year increase of 29.78%. As of December 29, the average ex factory price of domestic spandex market was 41400 yuan / ton, and about 90% of the industry started. The manufacturer’s spot supply was stable, the cost side was good, the support performance was general, and the downstream terminal market demand was not followed up carefully.

 

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Current mainstream price statistics of spandex market (unit: yuan / ton)

 

20D 30D 40D

Zhejiang: 46000-50000 45000-47000 38000-40000

Shandong Province: 48000-50000 45000-48000 38000-41000

Fujian 48000-50000 45000-48000 38000-41500

Jiangsu Province 46000-50000 45000-47000 37000-39000

The raw material PTMEG market keeps stable operation. At present, the mainstream quotation of 1800 molecular weight source is 18000-19000 yuan / ton, and the actual single negotiation is 17500-18500 yuan / ton. Affected by the tight supply of natural gas, a small number of manufacturers have reduced the burden, and the price support mentality of the factories still exists, with the industry starting around 80%. Specifically, in Yizheng Dalian’s 40000 ton plant shutdown, Sichuan Tianhua’s 46000 ton plant load dropped slightly, and Chongqing Chiyuan chemical’s 46000 ton plant load dropped slightly by about 70%. There is no pressure on factory inventory, and supply side support still exists. The pure MDI market was weak, with 530% of the industry started, and the trading atmosphere continued to be light. Most of the shippers shipped according to the market. The reference price was 22000-22500 yuan / ton by telegraphic transfer in barrels, and the actual order was subject to negotiation. Wanhua chemical’s listing price of pure MDI barrels in December 2020 was 28000 yuan / ton, which was the same as that in November. The settlement price in November is 27500 yuan / ton.

 

The domestic textile market continues to cool down, just need to continue to buy, the atmosphere is strong. The circular knitting industry started at 55% of the total, with weak and stable operation, while the warp knitting industry started at about 68% with minor adjustment. The number of orders is reduced and the stamina is insufficient. In winter, the turnover of fabrics is down on a month on month basis. In spring, the orders of fabrics are relatively limited, and the operating rate is insufficient in some parts. The weaving machine in Jiangsu and Zhejiang has dropped to 76%.

 

Business analysts believe that the current downstream terminal market demand follow-up is slow, new orders follow-up is less, some customers take goods on demand, resulting in the current spandex market high turnover weakness, manufacturers are cautious. However, the supporting role of PTMEG on the cost side still exists, and there is no great pressure on the low inventory of spandex itself. There is no new production capacity in the next year. Therefore, spandex manufacturers still have the intention to increase prices, and it is expected that the prices will remain volatile.

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PE spot market price down

According to the data monitoring of business news agency, the average ex factory price of LLDPE (7042) in East China was 8166.67 yuan / ton on December 21 and 8133.33 yuan / ton on December 25, with a drop of 0.41% in the week and 2.01% compared with December 1 at the beginning of the month.

 

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According to the data monitoring of the business association, the average ex factory price of LDPE (2426h) in East China was 11537.50 yuan / ton on December 21, and 11387.50 yuan / ton on December 25, down 1.30% in the week and 7.98% compared with December 1 at the beginning of the month.

 

According to the data monitoring of the business association, the average ex factory price of HDPE (5000S) in East China was 8366.67 yuan / ton on December 21, and 8266.67 yuan / ton on December 25, down 1.20% in the week and 4.98% compared with December 1 at the beginning of the month.

 

This week, the overall trend of PE spot market was weak, mainly falling, and the three kinds of spot all fell to varying degrees. According to the data monitoring of the business association, the price of 2426h in East China of LDPE fell most obviously, with a drop of about 200 yuan / ton. The price of HDPE 5000S in East China fell by about 100 yuan / ton. The change of linear varieties was the smallest, and the horizontal finishing was the main.

 

Negative factors dominated the week, the market trend is weak. First, the international crude oil, crude oil fell within the week, the news negative market mentality. The second is the futures market, which fell in a week, dragging down the trading atmosphere of the spot market. On the demand side, the downstream factories are mostly affected by the environmental protection power and production restriction, and their acceptance ability is not strong. They mainly make up for the demand, and their enthusiasm for entering the market is relatively general, and the market transaction atmosphere is slightly light. Petrochemical enterprises slightly reduce the ex factory price, the market supply cost support is weak, the business mentality is pessimistic, the shipment is blocked, and the price is weak as a whole.

 

On December 25, the opening price of polyethylene futures 2105 was 7885, the highest price was 7905, the lowest price was 7660, the closing price was 7665, the former settlement price was 7850, the settlement price was 7790, down 185, down 2.36%, the trading volume was 394332, the position was 224014, and the daily increase was 5608. (quotation unit: yuan / ton)

 

As the downstream plants are greatly affected by environmental protection, the operating rate has decreased significantly, and the demand has decreased significantly. However, in terms of supply, the current market supply is relatively sufficient. The trend of futures market is weak and the cost support is insufficient, which leads to the weakness of PE spot market and the current market decline is small. Polyethylene market is still expected to fall in the short term.

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In 2020, the market price of dimethyl ether falls first and then rises, rising in the “dilemma”

In 2020, the overall trend of domestic dimethyl ether market will fall first and then rise. In the first half of the year, the overall situation is in a “dilemma”. After the Spring Festival, the price falls again and again, breaking new lows repeatedly. In the second half of the year, we got out of the “dilemma”, raised prices successively, and successfully “reversed”. Compared with 2019, the overall market price is lower this year, but it fluctuates frequently during the year, which is more interesting than last year.

 

According to the data of the business agency, in 2020, the domestic dimethyl ether Market is mainly volatile. The business agency selects Henan as a reference. The average price of dimethyl ether at the beginning of the year is 3116.67 yuan / ton, and at the end of the year is 3340.00 yuan / ton, up 7.17% in the whole year. It can be seen from the trend chart that in 2020, the highest price of dimethyl ether appeared on January 21 and December 21, with an average price of 3340.00 yuan / ton, and the lowest price appeared on June 22, with an average price of 2193.33 yuan / ton. The maximum earthquake amplitude of the whole year was 34.33%. At the end of the year (December 21), the price had already exceeded the level at the beginning of the year, which was the same as the highest point in the year.

 

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In the first half of the year, the market of dimethyl ether fell mainly, and the price frequently bottomed out

 

After the new year’s day and before the Spring Festival, the DME market continued its upward trend at the end of 2019 and ushered in a short “good start” in 2020. Before the Spring Festival, international crude oil continued to rise, supporting the domestic gas prices. In addition, Saudi Aramco’s CP price rose sharply in January, which promoted the continuous upward trend of domestic gas. Dimethyl ether was boosted by this positive, the price continued to rise. However, DME did not keep up with the decline, but continued to rise, with the price reaching the highest point in the year until the Spring Festival.

 

The downward channel was opened after the Spring Festival. Due to the decrease of terminal demand, the market “did not rise any more” and began to explore the bottom. Affected by the international public health events, the Spring Festival holiday was extended, the traffic and transportation in all cities were closed, the downstream was in a state of full shutdown, and the terminal demand was greatly reduced. Although the operating rate of dimethyl ether was at a low level, the transaction atmosphere was light and the market was still in the situation of oversupply. In addition, affected by the decline of international crude oil, the overall trend of LPG civil gas is weak, and the price difference between gas and ether is gradually narrowing, which makes the dimethyl ether Market “worse”, and the price falls again and again. It is worth mentioning that the DME market ushered in a wave of broad rise in April. At the beginning of April, affected by the Qingming holiday, downstream stores and replenishment demand were more active before the festival. The manufacturers delivered goods smoothly, the inventory was released, and the price was slightly pushed up. However, the price continued to rise sharply after the festival, which was irrational. The main reason is: from April 12 to 14, the wide upward trend of polypropylene led to the sharp rise of propylene. As the upstream of propylene, the price of propane also rose sharply during the period, while liquefied gas continued to rise driven by the surge of propane, and the price difference between gas and ether gradually opened, and dimethyl ether took advantage of the situation to follow.

 

This rise lacks substantial benefits. With the sharp fall of the LPG civil market, the dimethyl ether Market does not unexpectedly return to rationality, and the price ushers in a substantial correction. In addition, affected by seasonal factors, the weather temperature gradually warmed up, and the downstream demand gradually decreased. The dimethyl ether market ushered in the traditional off-season. The market was not good enough to support, and the weakness continued to the end of June.

 

In the second half of the year, dimethyl ether Market “Rose” and successfully got rid of weakness

 

In mid July, due to the continuous rise of the LPG civil market and the favorable market mentality, the enthusiasm of downstream market entry improved and the market transaction atmosphere improved. Henan took the lead in the rise, the prices of mainstream enterprises continued to rise, the overall situation of the market remained active, and then the rising situation spread. Prices in other regions followed the rise, but the activity was not as active as that in Henan, so the growth rate was lower than that in Henan. As the traditional off-season has not passed and the terminal demand has not been followed up, the market will return to a weak position and the price will fall to the level before the rise.

 

The real way to get rid of the weakness is from September. As the off-season has passed, the traditional “golden nine silver ten” sales peak season is ushered in, and the dimethyl ether Market has successfully “flipped”. Although the temperature in September was not obvious, due to the sharp rise of raw material methanol, the cost support was strong, which was good for the market mentality, and the manufacturers had a strong mentality, so they took advantage of the situation to push up the price. Downstream buy up mentality, enter the market more actively, manufacturers to ship smoothly, prices continue to push up. At the end of September, due to the arrival of the double festival, downstream replenishment demand before the stock Festival, the enthusiasm of entering the market was high, the atmosphere of manufacturers’ shipment was hot, and the inventory was running at a low level. On the other hand, the domestic crude oil price rebounded, and the main market was boosted by strong crude oil prices. With the arrival of the “silver 10″, although the market as a whole continued the upward trend, but the increase was narrower than that of “Jinjiu”. The price rose at the beginning of the month and decreased at the end of the month, deducting the “temperature difference”. The overall increase was 2.48%.

 

After entering November, the market returns to the upward line, and the price rises broadly. Under the strong support of rising raw materials, the price of dimethyl ether Market has been rising. In the middle of November, it has broken through the 3000 yuan / ton mark. In the last ten days, it is mainly consolidation, hovering around 3000 yuan. During the period, the continuous rise of international crude oil led to the rise of civil gas prices, and the weather continued to cool down, the terminal demand was improved, the downstream replenishment cycle was shortened, the market entry was more active, the market transaction atmosphere was good, the manufacturers’ mentality was strong, and the prices were continuously high. Although there is consolidation stage in the last ten days of the year, the market favorable factors still dominate in December, and the price rise can continue. The current price has reached the highest point in the year, and the average price in Henan is 3340 yuan / ton.

 

Comparison of trends of dimethyl ether and methanol in 2020

 

Statistics of DME market operating rate in 2020 (for reference only)

At present, the end of 2020 is coming to an end. With the support of the rising cost of methanol and liquefied gas civil market, the heat of market price rise will not decrease, and the ex factory price will be raised in succession, or the year 2020 will end with price increase. Generally speaking, the DME market in 2020 can be said to be “sweet with all the hardships”. Although the first half of the year repeatedly broke the historical low price, it finally ushered in the bottom rebound in the second half of the year. In the whole year, it can be said that the rise and fall of raw material methanol, and the trend is also affected by civil gas. In terms of overall demand, this year is greatly affected by the world public health events. It is expected that the demand will be better than this year next year, and the overall price may be higher than this year. In 2021, the trend may be “n”. However, more attention should be paid to methanol and civil gas.

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Fluorite price rises, aluminum fluoride price remains stable

Upstream fluorite prices rose, hydrofluoric acid prices rose steadily, and some aluminum fluoride enterprises pushed up factory prices. According to business agency data, the domestic price of aluminum fluoride on December 18 was 9166 yuan / ton, which was flat compared with the beginning of the week.

 

The price trend of domestic fluorite market is rising. Recently, some devices have been stopped in the field, and the spot supply is tight, so the price trend of fluorite is rising. The operation of fluorite factories in the south of China is stable, the operation of mines and flotation devices is normal, the situation of fluorite in the field is improved, and the market price of fluorite is higher. Fluorite downstream hydrofluoric acid market price trend slightly upward.

 

At present, the overall operating rate of aluminum fluoride remains high, and the market supply is sufficient; the overall price of aluminum fluoride market is relatively stable. However, the price of fluorite hydrofluoric acid is on the rise, and some aluminum fluoride manufacturers are willing to push up the price.

 

Analysts of aluminum fluoride industry in the chemical branch of business society believe that: the upstream fluorite price is rising, hydrofluoric acid price is rising steadily, and aluminum fluoride manufacturers have been pushing up the ex factory price. In the short term, it is expected that the price of aluminum fluoride will rise.

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Tender price of crude benzene falls this week (December 14 to December 18)

From December 14 to December 18, 2020, the market price of crude benzol was mainly downward. The domestic ex factory price was 3173.75 yuan / ton at the beginning of the week and 3161.25 yuan / ton at the weekend, with a weekly decrease of 0.39%.

 

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Summary of Sinopec’s pure benzene price adjustment in December 2020 (unit: yuan / ton)

 

Date, adjusted price, adjusted amount

December 2, 4300, + 100

December 4, 4400, + 100

December 7, 4600, + 200

In December 2020, Sinopec’s pure benzene price will be increased three times, with a cumulative increase of 400 yuan / ton. As of the 18th, Sinopec’s refineries have implemented a unified implementation of 4600 yuan / ton.

 

This week, the overall start-up of coking enterprises is still relatively high. After the ninth round of rising and landing of coke, the price of coke is temporarily high and stable. With the support of high profits of coking enterprises, enterprises are actively starting and selling well. Shanxi, Shandong, Hebei, Henan and other regions under the dual impact of environmental protection and de capacity, the overall operating rate will decline. The external market of pure benzene declined this week, and the trend of downstream styrene market was weak. The price of pure benzene was mainly downward, which hindered the hydrobenzene market to follow the decline. Sinopec’s pure benzene price was mainly stable after rising. As of December 18, 4600 yuan / ton was implemented. In terms of operating rate, the operating rate of pure benzene is relatively stable in the near future, and the comprehensive operating rate is about 72%. In terms of inventory, the inventory in East China this week is lower than that in last week, and currently remains at about 240000 tons. The bidding price of crude benzol in the main production areas has been reduced under pressure this week, and the implementation rate in Shandong Province is about 3130 yuan / ton.

 

On the downstream side, the recent operating rate of hydrobenzene hydrogenation enterprises is stable at about 65%, which is on the rise as a whole, which is about 2% higher than last week. Some enterprises which have short-term shutdown in the early stage have started operation this week, and have good demand for crude benzene.

 

In terms of aftermarket, the business agency believes that at present, the overall profit is too much, the external market of pure benzene is insufficient, the price of crude benzene is mainly high recently, the cost pressure of downstream hydrobenzene enterprises is large, and the digestion of crude benzene is limited. The aftermarket still needs to pay attention to the market trend of pure benzene and the demand of downstream hydrobenzene.

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Xylene prices closed slightly lower after rising this week

1、 Price trend

 

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According to the business club’s big list data, the domestic xylene market price rose this week. The price of xylene rose by 13.50 yuan / ton on Sunday, 10.51 yuan / ton.

 

2、 Analysis and comment

 

At the beginning of the week, driven by the rising price of refined oil, the market is optimistic about the recovery of xylene price, and it is expected to be better. In the second half of the week, both sides of the market offered lower bid intention, while the price of gasoline was loose, and the market wait-and-see sentiment increased. During the week, the listed prices of xylene in North China and central China of Sinopec increased by 150 yuan / ton, 300 yuan / ton in South China and 50 yuan / ton in East China. Port inventory is high. At present, the port inventory in East China is about 111000 tons, down 6000 tons compared with last week. Weak downstream market, drag xylene market.

 

In terms of crude oil, crude oil rose rapidly after falling this week, fell back on Friday and rose overall compared with last week. The sharp increase of new epidemic cases in Europe and the United States has led to a decline in the crude oil market mentality. On Wednesday, Pfizer vaccine made new progress and prices rebounded rapidly. Compared with December 4, Brent rose 1.155 USD / barrel, or 2.36%; WTI rose 0.33 USD / barrel, or 0.71%. Compared with December 31, 2019, Brent decreased by 25.07%, and WTI decreased by 23.07%.

 

In the downstream, PX market, the listed price of domestic SINOPEC enterprises was about 4300 yuan / ton this week, which was stable compared with last week, with a year-on-year decrease of 35.82%. PX prices rose slightly this week. As of the end of the week, the Asian PX market closed at $567-569 / T FOB Korea and $585-587 / T CFR China. The rising trend of external price is expected to bring some positive support to the domestic market.

 

In terms of PTA market, PTA price in East China decreased slightly after rising this week, with an overall increase of 68.75 yuan / ton or 2% compared with last week. PTA oversupply situation will continue to exist, the cost side of PTA absolute price guidance will be further strengthened.

 

In terms of ox market, ox price stabilized after falling this week. The price of ox in East China was 5560 yuan / ton, down 60 yuan / ton or 1.07% from last week. The transaction of o-benzene was weaker, and the market of o-benzene was weaker. Overall, the rising momentum of o-benzene market weakened and the downward pressure increased.

 

3、 Future forecast

 

Xylene analysts of the chemical branch of the business society think: look at the supply cost side, the implementation of OPEC + production reduction, the total number of us oil drilling and weekly EIA, API inventory data. Second, on the demand side, the impact of the worsening global epidemic situation on crude oil demand, the progress of industrial chain recovery, the economic and trade situation of Europe and the United States and the progress of economic recovery and rescue plan. Third, look at the new progress of R & D, U.S. dollar and the situation in the Middle East. Pay attention to the late vaccine and the new progress of the US economic stimulus plan, as well as the impact of the gradual increase in OPEC + production, as well as the changes in downstream demand. At present, the xylene market lacks other favorable aspects, and the upward breakthrough resistance is large. Overall, xylene is expected to fluctuate in the domestic market next week.

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Fluorite price trend temporarily stable, aluminum fluoride price stable operation

Upstream fluorite trend temporarily stable, hydrofluoric acid prices rose slightly, some aluminum fluoride enterprises factory prices rose slightly. According to business agency data, the domestic price of aluminum fluoride on December 11 was 9166 yuan / ton, which was flat compared with the beginning of the week.

 

PVA

The price trend of domestic fluorite market is stable for the time being. Recently, some manufacturers have reported that their goods are in general, and the downstream demand has not improved, and the fluorite price has not changed much. The operation of domestic fluorite manufacturers is stable, the operation of on-site mines and flotation devices is normal, the situation of fluorite in the yard is not good, and the fluorite market price remains stable temporarily. In recent years, the downstream hydrofluoric acid market price has increased slightly, and the terminal downstream on-demand procurement is the main reason, and the purchasing sentiment is not strong

 

This week, some aluminum fluoride manufacturers pushed up the ex factory price of aluminum fluoride, but at present, the overall operating rate of aluminum fluoride remains high, and the market supply is sufficient; the overall price of aluminum fluoride market is relatively stable.

 

Analysts of aluminum fluoride industry of chemical branch of business society believe that: upstream fluorite price is temporarily stable, hydrofluoric acid price is stable, and some aluminum fluoride manufacturers have push up action, and it is expected that aluminum fluoride price will rise steadily in the short term.

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PX market trend temporarily stable this week (12.7-12.11)

According to statistics, the trend of domestic p-xylene ex factory price was temporarily stable this week, with an average price of 4300 yuan / ton at the weekend, which was temporarily stable compared with the price of 4300 yuan / ton at the beginning of the week, with a year-on-year decrease of 35.82%.

 

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The domestic PX operating rate is about 60%. The operation of Hongrun 600000 ton new unit is stable, Huizhou refining and chemical plant is stable, fuhaichuang plant is on the first line, Pengzhou petrochemical plant is running stably, Yangzi Petrochemical PX unit is running normally, Jinling Petrochemical plant is running smoothly, Qingdao Lidong unit is operating at full load, Qilu Petrochemical plant is running stably The start-up of Urumqi petrochemical plant is about 50%, and Hainan refining and Chemical Co., Ltd. has started a production line. Hengli petrochemical plant is in normal operation, the domestic p-xylene supply is normal, and the domestic p-xylene market price trend is temporarily stable. This week, the operating rate of PX units in Asia is about 70%, and the supply of PX goods is sufficient in Asia. This week, the price trend of PX external market rose slightly. As of the end of the week, the closing prices of PX market in Asian region were 567-569 USD / T FOB Korea and 585-587 USD / T CFR China. This week, the trend of PX external price rose. More than 40% of domestic products need to be imported, and the closing price of PX external market went The price trend of domestic PX market is stable temporarily.

 

The U.S. WTI crude oil futures market rose this week. As of the 11th, the settlement price of the main contract in the U.S. WTI crude oil futures market was at $46.78/barrel, the settlement price of the main contract in the Brent crude oil futures market was at $50.25/barrel. The international oil prices of WTI and Brent both rose sharply on Thursday. Brent broke through the $50 mark, mainly due to the boost of vaccines and the start of large-scale vaccination The market hopes that the rebound in fuel demand and the news of oil well attacks in Iraq offset the negative effects of the substantial increase in commercial crude oil inventories in the United States. The rising trend of international crude oil prices is a good support for domestic petrochemical products, and the price trend of domestic p-xylene market is temporarily stable.

 

This week, the downstream PTA market price decreased slightly. By the end of the weekend, the PTA Market in East China had been discussed for 3500-3600 yuan. Recently, the downstream PTA orders were OK. PTA enterprises had good production enthusiasm and did not have large-scale maintenance. As of December 10, the operating load of domestic PTA production enterprises was 93%, which was at the normal level. In the early stage, under the hype of “double 11 stock season”, the whole industry chain from clothing to fabric to weaving has entered the market peak, and the market has ushered in a wave of explosive growth. In addition, under the cold winter expectation, with the increasing demand for the lining materials of down jacket and cotton padded jacket, the factory once again cleared a batch of inventory, which relieved the production pressure. However, as the upsurge recedes, the traditional off-season characteristics are becoming more and more obvious, and there is a trend of accumulated inventory and reduced operation. At present, the domestic textile industry is generally performing, so the upstream PX price trend is mainly stable.

 

On the whole, the demand of textile industry has not improved significantly, the order performance is unstable, and the terminal demand is general. For upstream Px, on-demand procurement is the main factor, and the price trend of PX market is stable.

 

Chen Ling, PX analyst of business agency, thinks that the recent trend of crude oil price has changed greatly. In addition, the operating rate of downstream textile enterprises is general. PTA market price remains high and fluctuates. Domestic PX market supply is normal. It is expected that PX market price will remain stable next week.

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Tight supply, price of polybutadiene rubber continues to rise (11.30-12.4)

According to the data monitoring of the business agency, the domestic market of cis-1,4-polybutadiene rubber continued to rise during the week (11.30-12.4), with the price at 11190.00 yuan / ton at the beginning of the week and 11670.00 yuan / ton at the weekend, an overall increase of 4.29%.

 

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This week, the ex factory price of domestic cis-1,4-polybutadiene rubber and petrochemical manufacturers increased by 300 yuan / ton. According to the monitoring of business agency, as of December 4, the ex warehouse price of Daqing cis-1,5-butadiene of Northeast Sales Company of PetroChina was 11500 yuan / ton; the price of cis-1,5-polybutadiene rubber of Sinopec North China sales company was stable, Qilu Shunding was quoted as 11500 yuan / ton, and the price of Huabei warehouse was increased; the price of Yanshan Shunding was 11420 yuan / ton, and the price of Huabei warehouse was increased.

 

The supply of cis-1,2-polybutadiene market is becoming more and more tight. On the one hand, the operating rate of cis-1,4-polybutadiene rubber in China has declined slightly. According to the information of the business association, recently, the Yanshan Shunding plant has been operating at a reduced rate, and Wanda Shunding plant has continued to shut down. On the other hand, the traffic in Northeast China is blocked by heavy snow weather, and it is difficult to circulate the goods in Daqing Shunding.

 

Raw material prices slightly lower this week, but still at a high stage, cost of cis-1,4-polybutadiene rubber is still supported. As of December 4, butadiene price was 9856 yuan / ton, down 0.83% from 9938 yuan / ton at the beginning of the week, according to the monitoring of the business agency.

 

Downstream tire market starts to continue to rise, all steel tire operating rate rose to around 7.5%, there is a rigid demand for rubber.

 

At present, the downstream support of cis-1,4-polybutadiene rubber is still obvious, although the rising momentum of raw material price is temporarily suspended, the overall level is still at a high level, and the support strength of cost side is still strong; in addition, the short-term supply of cis-1,4-polybutadiene rubber (cis-1,4-polybutadiene rubber) is still tight, which promotes the price of cis-1,4-polybutadiene rubber to.

 

Aftermarket forecast: business agency analysts believe that, at present, the price of raw material butadiene remains high, and the downstream demand has certain support, and it is expected that the price of cis-1,4-polybutadiene rubber will remain high in the short term.

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