1、 Price trend

According to the data monitoring of the business community’s block list, this week’s Bromine price was mainly consolidated at a high level. From the beginning of the week to the end of the week, the average price of bromine in Shandong was about 34277.78 yuan / ton, with a high price. On February 25, the bromine commodity index was 120.27, unchanged from yesterday, down 2.20% from 122.98 (February 18, 2019), the highest point in the cycle, and up 104.12% from 58.92, the lowest point on October 29, 2014. (Note: period refers to the period from September 1, 2011 to now)

2、 Market analysis

At present, the mainstream price of domestic bromine enterprises is about 34000-35000 yuan / ton. The domestic bromine market has been reorganized and operated in a general atmosphere of negotiation. The output of bromine enterprises is expected to gradually increase in the later stage, the supply will increase, and the demand of downstream market will become weak. There will be some resistance to the high price of bromine. It is expected that the bromine market will be consolidated and operated in a high level in a short time.

In terms of raw materials: the domestic sulfur market is temporarily stable, and the quotation of manufacturers is stable. At present, the refineries in various regions in China have low inventory, the on-site supply is tight, the sulfur price is firm, and the downstream phosphate fertilizer export market continues to improve. In addition, the domestic spring ploughing fertilizer is approaching, which is good for the sulfur market, and the sulfur market in the future will maintain a high level, so we should pay attention to the follow-up situation of the downstream. The overall supply of caustic soda is sufficient, the overall ex factory price of caustic soda is stable and small, the cost side changes little, and the downstream purchase demand is general, which has a certain conflict with the current price of caustic soda.

Analysts from business news agency believe that the downstream flame retardant and intermediate industries of bromine are better than before the festival, but they are in conflict with the continuously high price of bromine. The enthusiasm of enterprises to receive goods is general, and the trading atmosphere is general. The supply and demand sides are playing games. It is expected that the price of bromine will be high in the short term.

International crude oil prices continue to hit new highs in the year. The cost side drives domestic asphalt prices up. Coupled with the decline of asphalt operation rate of domestic refineries, the supply of asphalt market is reduced, and the enthusiasm for goods preparation and hoarding in the terminal market is rising. After the Spring Festival, the domestic asphalt market prices go up all the way. According to the price monitoring data of the business community, the price of asphalt on February 25 was 3050 yuan / ton, up 17.16% compared with that before the Spring Festival.

After the Spring Festival, the domestic asphalt price entered a rising trend, and the asphalt price rose sharply for seven consecutive days.

Recently, the price of international crude oil market continued to hit a high point in the year. As of press release, WTI oil price was at 62.5 US dollars / barrel. According to the monitoring of the business community, the prices of WTI and Brent crude oil have increased by more than 16% since February. The good news of the international crude oil market is spreading continuously, and the inventories of the United States and China are declining. In addition, OPEC + is still strictly implementing the production reduction agreement, and the effect of national oil production control is ideal, so it is necessary to increase the supply and lower the crude oil market price. At the same time, the cold wave in the United States limited the supply of shale oil and gas fields in the United States, and the speed of resuming production was slow. Accidental factors helped to increase the price of crude oil.

In terms of asphalt supply, affected by low temperature, Spring Festival holidays and other factors, the terminal asphalt demand has entered the off-season, and the asphalt operation rate of domestic refineries will fall to a low level in phases. The data shows that the comprehensive asphalt operation rate of domestic refineries has decreased from about 57% in January to about 44% in late February, and the asphalt production has declined for three consecutive months. China’s asphalt production in January is 2.5598 million tons, which is expected to increase by 2 The monthly output of asphalt dropped to 2.1089 million tons. It is expected that the supply will decrease, and the enthusiasm of middlemen and end customers will increase, which will boost the domestic asphalt price.

In terms of asphalt demand, northeast, North China, East China and other regions are affected by low temperature weather, road construction projects are stagnant, and asphalt demand is general. In southwest, South China and other regions, the asphalt terminal market still needs support. On the whole, the domestic demand for asphalt for terminal road construction dropped to a low level, and the rising price of asphalt pushed up the demand for asphalt storage.

Analysts from business news agency believe that after the recent sharp rise in international crude oil prices, coupled with the expectations of Goldman Sachs, Bank of America and other institutions to increase crude oil prices, domestic asphalt prices are bullish. However, it is still the off-season demand for asphalt, and the actual demand for domestic asphalt terminal roads is at a low ebb. It is expected that domestic asphalt prices will continue to rise, but the increase may be convergent.

1、 Price trend

According to the monitoring data of the business community, the price of caustic soda is weak, and the average price of Shandong market is about 457.5 yuan / ton. On February 23, the commodity index of caustic soda was 65.83, unchanged from yesterday, down 68.18% from 206.87 (2017-11-14), the highest point in the cycle, and up 1.11% from 65.11, the lowest point on October 9, 2020. (Note: period refers to the period from September 1, 2011 to now)

2、 Market analysis

At present, the market of caustic soda is weak as a whole, the atmosphere of conversation is weak, and the overall transaction is flexible. It is expected that the follow-up or narrow range of caustic soda will be weak. The price of caustic soda in Hebei Province is stable for the time being. The mainstream ex factory price of 32% caustic soda is about 470-580 yuan / ton. The downstream purchasing demand is general, and the market atmosphere is not good. After the Spring Festival, there are still few inquiries and the transaction is light. It is expected that caustic soda will be mainly operated in the follow-up or narrow range. The price of caustic soda in Shandong is weak. At present, the mainstream ex factory price of 32% caustic soda is 390-470 yuan / ton. The downstream purchase demand is general, and the market atmosphere is not good. After the Spring Festival, there are still few inquiries and transactions. It is expected that the subsequent or narrow range of caustic soda will be weak. The quotation of flake caustic soda: 2000-2100 yuan / ton in Shandong market, 1600-1650 yuan / ton in Inner Mongolia market and 2100-2150 yuan / ton in Guangdong market.

Upstream: in recent days, the liquid chlorine Market in Shandong has been weak, and the high-end price of liquid chlorine has been slightly reduced. At present, the downstream enterprises mainly purchase from rigid demand, and the price increase of scattered caustic soda enterprises has little impact on the caustic soda market. It is reported that the mainstream manufacturer Shandong Jinling plans to stop for maintenance in March. The buyer and the seller have a strong wait-and-see mentality, and the two sides start a game.

Analysts from the business society believe that in the near future, the overall supply of caustic soda is sufficient, the overall ex factory price of caustic soda is stable and small, and the downstream purchasing demand is general, which has a certain conflict with the current price of caustic soda. The overall turnover of caustic soda was relatively light. On the whole, it is expected that the operation of caustic soda will be dominated by narrow fluctuation, and the specific situation depends on the downstream market demand.

1、 Price trend

According to the monitoring of the business association, the price of steam coal continued to fall. On February 23, the average port price of steam coal was maintained at 608.75 yuan / ton, up 5.55% year on year. On February 22, the steam coal commodity index was 74.85, down 1.96 points from yesterday, down 40.12% from the cycle’s highest point of 125.00 points (2021-01-19), and up 67.45% from the lowest point of 44.70 points on January 20, 2016. (Note: period refers to 2011-09-01 to now).

2、 Analysis of influencing factors

Origin: after the festival, the supply of coal mines basically recovered, and the supply side as a whole was significantly loose compared with previous years. In order to do a good job of epidemic prevention and control, during the holidays, large coal mines generally do not have holidays for normal production. At the same time, most of the mines have fewer days off, enterprises do not stop work, or some enterprises return to work early, some stocks are on the high side, enterprises do not ship well, and prices have declined. It is understood that the coal price in Inner Mongolia of Shaanxi Province has been reduced by about 10-60 yuan / ton, and the overall coal sales are poor. The quotation of steam coal continued to fall, the demand of downstream procurement was light, multi-dimensional held long-term cooperative transportation, a small number of inquiries, more price reduction and counter-offer, the market transaction was light, and the buyer and the seller had a wait-and-see attitude.

In terms of downstream power plants: due to the recent rise in temperature, the demand for civil coal has weakened, and the daily consumption of downstream power plants has decreased. Both sides are still in a strong wait-and-see mood, with obvious price reduction and low transaction activity. The demand is not good, and the inventory pressure of upstream and port is large. At present, the mainstream open position price of 5500 kcal coal is about 590-605 yuan / ton.

Macro: according to the data released by the National Bureau of statistics on February 19, the national coal prices rose and fell in early February. The specific price changes of all kinds of coal are as follows: anthracite (washing block, volatile matter ≤ 8%) price is 950 yuan / ton, 20 yuan / ton higher than the previous period, or 2.2%. The price of ordinary blended coal (Shanxi pulverized coal and lump coal blended coal, calorific value 4500 kcal) was 558.3 yuan / ton, down 143.5 yuan / ton or 20.4% compared with the previous period. The price of Shanxi Dabiao (better quality blended coal with calorific value of 5000 kcal) was 626.7 yuan / ton, down 157.7 yuan / ton or 20.1% over the previous period. The price of coking coal (main coking coal, sulfur content < 1%) was 1540.0 yuan / ton, up 34.3 yuan / ton or 2.3% over the previous period.

Analysts from business news agency believe that: from the end of November 2020 to the middle of January 2021, the price of thermal coal will rise, and the price of thermal coal will continue to fall after the festival, because the national temperature rises significantly, and the demand for civil heating power will weaken. The available days of coal storage increased. At this stage, the national temperature is in a sustained upward trend, and the support of civil power is not available. On the whole, the price of steam coal during the spring festival may remain weak, and the demand of downstream market will be taken into consideration.

1、 Price trend

The comprehensive price of potassium chloride was temporarily stable this week. The average price of potassium chloride mainstream comprehensive quotation this week is 2140.00 yuan / ton. Overall, this week’s potassium chloride market was temporarily stable, with the potassium chloride commodity index at 67.94 on February 19.

2、 Market analysis

This week’s quotation of potassium chloride mainstream manufacturers is temporarily stable: Qinghai Salt Lake potassium chloride weekend ex factory quotation is 2050 yuan / ton, compared with the beginning of the week, the quotation is temporarily stable; Anhui Badou potassium chloride weekend distribution quotation is 2230 yuan / ton, compared with the beginning of the week, the quotation is temporarily stable. The actual turnover of potassium chloride market this week is not good. On the whole, the main contradiction of the market is that supply exceeds demand, the trading atmosphere is cold, downstream purchasing is just in demand, the overall inventory is low, the purchasing market momentum is low, and the domestic potassium chloride market is stable.

3、 Future forecast

In late February, the overall trend of potassium chloride market was mainly small fluctuation. The KCl market is facing the pressure of three big mountains, namely, Hong Kong’s large stock, weak demand and downward international prices. Therefore, the main contradiction in the current market is that supply exceeds demand. KCl analysts of business society believe that under the influence of supply and demand, raw materials and other aspects of the short-term KCl market, the KCl market may be dominated by high consolidation.

Price trend

According to the data monitoring of the business association, the market of acetic anhydride rose after the festival, and the price of acetic anhydride rose again. As of February 20, the price of acetic anhydride was 8633.33 yuan / ton, up 2.78% from 8400.00 yuan / ton before the festival (February 10).

Acetic acid price trend

It can be seen from the price trend chart of acetic acid that Hualu Hengsheng’s acetic acid equipment was shut down for maintenance after the festival, and the supply of domestic acetic acid raw materials decreased; the acetic acid manufacturers in Celanese, Texas, USA were shut down due to the cold wave, and the external price of acetic acid rose sharply, which stimulated the rise of domestic acetic acid price. The supply of acetic acid as raw material of acetic anhydride decreased, and the external price rose sharply, which stimulated the domestic acetic acid price to rise sharply. The cost of acetic anhydride rose, and the power of acetic anhydride rising in the future increased.

Market summary and future forecast

Bai Jiaxin, acetic anhydride data analyst of business news agency, believes that before and after the Spring Festival, the starting of acetic acid enterprises was low, the parking and maintenance of acetic acid enterprises increased, the domestic supply of acetic acid was insufficient, and the driving force of acetic acid price rise increased; in the external market, the parking of acetic acid equipment in Celanese, Texas, United States, and the external price soared, stimulating the domestic acetic acid price rise. The price of acetic acid rises, the raw material cost of acetic anhydride rises, and the driving force of acetic anhydride rises. It is expected that the market of acetic anhydride will rise, and the price of acetic anhydride will fluctuate in the future.

On February 19, the domestic polysilicon market was still at a high level. At present, it is mainly stable. After the festival, the price has not changed much compared with that before the festival. Polysilicon manufacturers signed orders one after another in February, and some large manufacturers signed new orders in March. The manufacturers are willing to support the price, and the factory price is rigid and stable, or rising. At present, the operating rate of domestic polysilicon manufacturers remains at a high level. Up to now, except for one of the 11 domestic polysilicon manufacturers, the rest of the plants are operating normally and the market supply is stable. The inventory pressure of enterprises was relieved, the signing of orders continued, the capacity of downstream silicon material manufacturers was released, the purchase volume remained unchanged, and the demand support was obvious. According to the monitoring of the business association, the current mainstream transaction price of polysilicon with the first-class solar material in China is 57000-61000 yuan / ton.

Note: the above price includes tax

This week, Panxi titanium concentrate prices rose slightly. As the Spring Festival holiday is approaching, the real single market is cold, and the market price is basically stable. Up to now, the price of 46,10 titanium ore from small and medium-sized manufacturers is 1950-1980 yuan / ton; the price of 47,20 titanium ore is about 2100 yuan / ton, and the price of 38,42 titanium ore without tax is 1330-1350 yuan / ton. Business Club titanium concentrate analysts believe that: downstream titanium dioxide trade orders better, prices rise. In the short term, the price of titanium concentrate will continue to run at a high level, which is a single discussion.

According to customs data, in December 2020, the import volume of China’s titanium ore was 300500 tons, with a month on month increase of 18.86% and a year-on-year increase of 1.27%. The top three import countries are Mozambique, Vietnam and Australia, accounting for 43%, 22% and 11% of the total import respectively. From January to December 2020, the total import volume is about 3.0142 million tons, with a year-on-year increase of 15.29%.

In December 2020, China’s export of titanium ore was 3870 tons, with a year-on-year increase of 74.68% and a month on month increase of 32.19%. From January to December 2020, the total export is about 2.58 tons, up 7.21% year on year.

On February 8, 2021, in the price rise and fall list of fluorine chemical industry, there were 0 kinds of commodities that rose, 0 kinds of commodities that fell, and 7 kinds of commodities that rose or fell to 0. Stable products include fluorite, hydrofluoric acid, R22, R134a, aluminum fluoride, cryolite and chloroform.

On February 8, the price trend of fluorine chemical raw material market was temporarily stable, with the price of raw material fluorite at 2741.11 yuan / ton. Recently, some fluorite plants in China started to work normally, and some mines and flotation plants in the plant were shut down. The fluorite supply in the plant was tight, but the downstream market rose recently, and the fluorite price was affected and went up. As of August 8, the price of fluorite in Inner Mongolia was 2600-2800 yuan / ton, and the price of fluorite in Inner Mongolia was 2500-2600 yuan / ton. It is expected that the price of fluorite will remain high and volatile in the future.

In the near future, the market trend of the downstream refrigerant industry is general, the operating rate remains low, and the demand for hydrofluoric acid is general. However, due to the reduction of the supply in the market, the price trend of hydrofluoric acid market is temporarily stable. As of August 8, the market price of hydrofluoric acid is 10577.78 yuan / ton. Recently, the market price of hydrofluoric acid has gone up, and the operating rate of domestic hydrofluoric acid is less than 60%. The enterprises reflect that the hydrofluoric acid in the market is now available The market of hydrofluoric acid is still bullish. Chen Ling, an analyst of business community, believes that the market of hydrofluoric acid may be slightly higher.

The price trend of aluminum fluoride products is temporarily stable, the market supply is normal, and the trading market is general. The ex factory price of aluminum fluoride of Zhengzhou Tianrui Crystal Technology Co., Ltd. is 8700 yuan / ton, and the price of aluminum fluoride of Zhengzhou Zerun energy and Chemical Co., Ltd. is 8700 yuan / ton. The overall market supply of aluminum fluoride is sufficient, and the overall price of aluminum fluoride market is relatively stable.

In recent years, the price trend of trichloromethane in Shandong is weak. The downstream market is in the off-season as a whole, and the demand for trichloromethane is poor. With the completion of goods preparation in the downstream market, the trichloromethane market continues to decline. At present, the starting of chloroform production enterprises in Shandong is high, the market spot supply is stable, and the shipment situation of enterprises is flat. Near the Spring Festival holiday, the logistics transportation is limited to a certain extent, and the enterprises bid for shipment in order to prevent excessive warehouse pressure in the future. At present, the quotation in Shandong is about 2250-2350 yuan / ton.

In recent years, the price trend of domestic cryolite is temporarily stable, the operation of the plant is stable, and the supply is normal. The domestic negotiation price is about 6500-7000 yuan / ton, and the actual transaction price is mainly negotiation. In general, the recent market of fluorine chemical industry is general, and it is expected that the trend of fluorine chemical industry will remain volatile in the later period.

In the near future, the price trend of downstream refrigerants R22 and R134a is temporarily stable, the raw material chloroform continues to be weak, the support of cost side is weakened, the downstream goods preparation is finished, the traders continue to withdraw from the market, the demand side continues to decline, and the market center moves down. Due to the higher price of hydrofluoric acid, the affected price of refrigerants rises slightly. Refrigerant R134a prices rose slightly, the market is strong operation. Near the end of the year, the downstream construction continued to decline, but the raw material support was strong, and the refrigerant market rose slightly.

According to statistics, the domestic p-xylene ex factory price rose slightly this week, with an average price of 5300 yuan / ton at the weekend, up 1.92% compared with 5200 yuan / ton at the beginning of the week, and down 15.87% year on year.

The price trend of domestic p-xylene market is rising, and the domestic PX operation rate is about 60%. The operation of Hongrun 600000 tons new unit is stable, Huizhou refining and chemical unit is stable, Fuhai Chuang unit starts one line, Pengzhou petrochemical unit is stable, Yangzi Petrochemical PX unit is normal, Jinling Petrochemical unit is stable, Qingdao Lidong unit is full load, Qilu petrochemical unit is stable The start-up of Urumqi petrochemical plant is about 50%, Hengli petrochemical plant is running normally, the domestic supply of p-xylene is normal, and the domestic market price of p-xylene is rising. This week, the operating rate of p-xylene plant in Asia dropped to about 60%, the supply of PX in Asia decreased, and the PX external price rose this week. By the end of the week, the closing price of p-xylene market in Asia was 718-720 USD / T FOB Korea and 736-738 USD / T CFR China. The PX external price rose this week, and about 40% of domestic products needed to be imported, and PX external price closed The price shock brought some positive support to the domestic market, and the domestic PX market price went up.

The price of WTI crude oil futures market in the United States rose this week. As of the 4th, the settlement price of the main contract in WTI crude oil futures market in the United States was at US $56.23/barrel, and the settlement price of the main contract in Brent crude oil futures market was at US $58.84/barrel. The price rise of crude oil futures this week was mainly affected by the strong economic data in the United States, the decline of crude oil inventory, OPEC + production reduction and other favorable factors, but the US dollar declined The strong restriction on the rise of oil price and the rising trend of international crude oil price are good support for domestic petrochemical products, and the domestic market price of p-xylene is higher.

This week, the price trend of PTA Market in the lower reaches rose, and the domestic PTA spot market maintained a rising trend. By the end of the week, the average spot price in the domestic market was 4100 yuan / ton. In terms of equipment, the PTA start-up remained above 87%. Although Ningbo Yisheng 2 million ton plant was overhauled as planned on January 24, fuhaichuang 4.5 million ton plant returned to normal operation and Fujian Baihong new plant was put into operation, PTA is still in the situation of oversupply, and the risk of accumulation is increasing. As the Spring Festival is approaching, the terminal textile factories are gradually taking a holiday to finish finishing, and the number of looms in Jiangsu and Zhejiang has dropped to about 40%. I heard that about 2 / 3 of the weaving enterprises in Xiaoshao area have stopped for a holiday recently, and the logistics and transportation in the later stage will also be limited. However, due to the rise of crude oil price, the price trend of PX in the upstream will rise slightly.

Overall, the textile industry gradually began to holiday, demand has declined, but the price trend of crude oil is mainly rising. For the upstream PX on-demand procurement, the price trend of PX market is temporarily stable.

Business community PX analyst Chen Ling believes that the recent trend of crude oil prices continued to rise, but the downstream textile industry trading market has declined, the domestic PX market supply is normal, and it is expected that the PX market price will be stable next week.

Equipment maintenance, transportation blocked, domestic BDO supply continued to be tight, the domestic BDO market rose again this month. According to the sample data monitored by the business community, the average price of domestic BDO producers was 12800 yuan / ton on January 1, and 13600 yuan / ton on January 31, with a price increase of 6.25% and a year-on-year increase of 38.83%.

This month, the domestic BDO market was strong and upward. In some areas, the transportation is limited, the equipment is overhauled, the market supply is tight, the manufacturers are profit-making, they are reluctant to sell, the offer continues to rise; the downstream demand follow-up is acceptable, some of the middle and lower reaches are bullish, and the focus of discussion continues to rise.

In terms of units, Sichuan Tianhua and Chongqing Jianfeng have reduced the impact of limited gas to about 70%; Panjin Dalian has reduced the impact to about 60-70% due to the shortage of raw materials; the start-up of Yanchang oil is unstable within a month, and the load is maintained at about 30-40%; Dongyuan was shut down for maintenance from January 20 to January 30; Shannxi Shanhua’s 30000 ton plant was restarted but unstable, and the 100000 ton plant was put into maintenance plan at the end of the month; Kaixiang was shut down for maintenance from the end of December to January 7, and now it is stable; Shannxi black cat 12 At the end of the month, the company stopped to replace the catalyst and restarted in mid January, but the load was not high; Xinye in Xinjiang stopped to January 20 due to boiler maintenance at the beginning of January, and its operation is stable at present; Hemei stopped for a short time in late January, which has been restored; two sets of units in Tunhe changed the catalyst in mid and late January, which has been restarted at present.

Downstream, PTMEG started steadily; PBT: about 60% of Kanghui’s two lines started, and there is a plan to stop another line in the near future, and the specific details need to be followed up. Large Pu pulp and TPU factories follow up on demand; some small factories enter the holiday mode. On the whole, the demand side inventory is expected to decrease in the next month.

Next month, the trend of raw materials calcium carbide and methanol is weak and stable, and the support of cost side is general. The supply side is expected to increase, but it is still controllable. During the Spring Festival holiday, the downstream small factories leave the market, the demand decreases, and the on-site wait-and-see mood increases. In February, the Spring Festival holiday was saved, and the actual trading time was shortened. On the whole, the supply and demand side is still supported. BDO analysts of business club expect that the domestic BDO market will continue to rise in February.

According to the data monitoring of the business agency, as of January 31, the average factory price reference of domestic butanone market was 6866 yuan / ton. Compared with the price on January 25 (the reference price of butanone was 6666 yuan / ton), the average price increased by 200 yuan / ton, or 3.0%. Compared with the price at the beginning of the month (the participating price was 7500 yuan / ton on January 1), the price decreased by 633 yuan / ton, or 8.44%.

At the end of January, the domestic butanone market experienced a slight upward trend after shock adjustment

January is really cold for the domestic butanone market, just like the weather in Northeast China. The butanone market began to fall all the way from the beginning of the month to the end of the month. Since the 24th and 25th, some domestic butanone factories and their holders’ quotations have been adjusted in a volatile way. The market has been fluctuating. The rise is mainly due to the smooth delivery of goods after the price reduction of Shandong large factories in the early stage On the 25th, the factory increased the ex factory quotation of butanone to 6700 yuan / ton by 300 yuan / ton. The decline was mainly due to the second-class cargo holders. The spot inventory was eager to ship, and they sold olive branches one after another, with a decrease of 200 yuan / ton. Then, the new orders in the market increased slightly, and most of the purchases were just needed before the festival. On the 27th and 28th, the domestic butanone market rose as a whole. After digesting the inventory in the early stage, the overall inventory pressure of domestic factories was not big, and the offer price of butanone factories increased, with an upward adjustment On January 31, the average factory price of domestic butanone market was 6766 yuan / ton. Compared with the price on January 25 (reference price of butanone was 6666 yuan / ton), the average price increased by 100 yuan / ton, or 1.50%. So far, the butanone market, which has been declining for nearly a month, finally ushered in a small rise in the end of January.

On the upstream side, in late January, the LPG civil market is on the way to decline. According to the data monitoring of business society, the average price of LPG civil market in Shandong was 4150 yuan / ton on January 15, and 3633.00 yuan / ton on January 29. From January 15 to 29, the average price of LPG civil market in Shandong has been reduced by nearly 600 yuan / ton, with a decline rate of 14%. The main reason for the decline is that the price of LPG civil market in Shandong has been reduced by 14% In terms of international crude oil, since January 15, the trend of international crude oil is not clear. During this period, it mainly fell in shock, which is difficult to support the LPG market. Secondly, in terms of demand, the northern market is affected by social and public health events, the demand has declined, and transportation in some areas is limited, which brings some resistance to the market. Under the mentality of buying up but not buying down in the downstream, the market entry is rare, the market transaction atmosphere is weak, the manufacturers’ shipment is blocked frequently, and the ex factory prices are falling one after another, which stimulates the downstream to purchase in the market. But the effect is not good, downstream market enthusiasm is limited, manufacturers in inventory pressure, forced to drop factory prices, market weakness.

Just need to replenish butanone market more stable finishing operation

At present, the butanone market is mainly in stable operation, transportation is gradually limited, and downstream replenishment is just needed. It is expected that the domestic butanone market will be mainly in stable operation in the early spring festival.