Monthly Archives: December 2020

The market of dichloromethane continued to fall due to the superposition of bad news

According to the block data monitoring of business news agency, affected by the falling price of raw material liquid chlorine and the improvement of spot supply, the domestic dichloromethane market continued to decline. As of December 30, the average price in Shandong was about 3500 yuan / ton, down 6.17% compared with the same period last week and up 3.86% compared with the beginning of this month.

 

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Unit capacity and start up

Shandong Jinling 440000t / A, Dawang plant 20%, Dongying plant 90%

Dongying Jinmao: 120000 tons / year

Luxi Chemical Industry Co., Ltd. < 400000 tons / year < 50%

Dongyue, Shandong Province: 280000 tons / year: 50%

Jiangxi Liwen: 120000 tons / year: 50%

Jiangsu Liwen: 160000 tons / year

Jiangsu Meilan: 200000 tons / year – 70%

Quhua City, Zhejiang Province: 300000 yuan / year

Juhua, Zhejiang Province: 300000 tons / year

Recently, the dichloromethane market in Shandong Province has been in a weak position. Affected by the falling price of raw material liquid chlorine, the cost side support of dichloromethane is insufficient. Some enterprises have slightly increased their load, and the market supply has increased. However, the downstream market demand is flat, and the shipment of enterprises is not smooth. The bearish attitude of the industry is obvious. At present, the price of dichloromethane is about 3500 yuan / ton in Shandong, 3650 yuan / ton in East China and 3750 yuan / ton in Jiangxi.

 

In terms of raw material methanol, some enterprises in Southwest China have stopped production or reduced production load due to gas restriction, while some enterprises have stopped or restricted sales, and the supply side has been tightened; coal and natural gas tend to be stronger, and the cost side of methanol has a better support; on the other hand, under the influence of low temperature, some formaldehyde enterprises start to reduce production, and the overall demand is general, about 2355 yuan / ton at present; the liquid chlorine market continues to decline, and the industry is still in decline Affected by the recent rain and snow weather, transportation is limited, and the shipping situation of enterprises is general. At present, the mainstream quotation in the industry is about 1200-1400 yuan / ton.

 

The trend of the downstream refrigerant market is strong, some enterprises are out of stock and suspend quotation. They need to wait for the new quota to come out before they can resume. At present, the market inquiry heat is reduced, there are not many new orders, and most of the operators are wait-and-see. The solvent, pharmaceutical and pesticide industries start smoothly, and the support for dichloromethane is general.

 

Business community methane chloride data analysts believe that the current dichloromethane market negative superposition, the industry’s light trading, coupled with the recent rain and snow weather led to limited enterprise shipping, downstream demand is poor, but the dichloromethane production enterprise inventory pressure is not big, it is expected that the price of dichloromethane will be weak and stable in a short period of time.

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In 2020, the market price of ethyl acetate decrease first and then rise, and fall at the end of the year

According to the monitoring data of the business community, the market of ethyl acetate in 2020 will be ups and downs, and the market price will be greatly affected by the production cost. At the beginning of 2020, the average price in East China was about 5900 yuan / ton, and it rose to about 7075 yuan / ton at the end of the year, with an overall increase of 19.92%; the lowest price in the year was 4887 yuan / ton in early April, and the highest price in the year was about 7600 yuan / ton in mid December, with an overall amplitude of 55.5%.

 

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In the first stage, the market of ethyl acetate fluctuated downward, with an average price of 5900 yuan / ton at the beginning of the year and 4887 yuan / ton at the beginning of April, with an overall decrease of 17.16%. Affected by the international health events, the domestic ethyl acetate market continued to be weak, the terminal demand was low, the enterprise shipment was not smooth, and the prices of raw materials were falling in succession, the cost side support was insufficient, the ethyl acetate enterprise bidding was fierce, and the manufacturer sharply reduced the quotation, which led to the aggravation of the market.

 

In the second stage, the market of ethyl acetate continued to rise, with an average price of 4887 yuan / ton in early April and 7600 yuan / ton in mid December, an overall increase of 55.5%. The rise of raw material acetic acid and ethanol prices and the overhaul of some ethyl acetate enterprises are supported by the superposition of double positive factors. In addition, the purchase intention in the downstream market is gradually active. The quotation of enterprises in East China and North China has been pushed up, and some enterprises have continuously raised their quotation in a single day. Affected by the slow shipping and arrival in South China, the market supply is tight, and the enterprises are willing to support the price After the completion of the maintenance and repair of acetic acid and ethyl acetate, the price of acetic acid no longer fell to a high level.

 

By comparing the prices of ethyl acetate, acetic acid and ethanol, it is found that the rising and falling trend of ethyl acetate Market in 2020 is closely related to the price change of raw materials. As the downstream end market is affected by international health events, the overall performance of ethyl acetate market demand side is relatively stable, so the dominant factor of ethyl acetate price change during the year is cost. In the first three quarters, the acetic acid market fluctuated at a low level. In the fourth quarter, affected by the strong domestic demand, the price of acetic acid rose sharply, breaking through the 5000 mark. On January 1, the average price of domestic acetic acid was about 2483 yuan / ton, which rose to 4666 yuan / ton at the end of the year, with an increase of 87.92%. The lowest price of the year was about 2033 yuan / ton in early April, and the highest price of the year was about 4733 yuan / ton in mid December, with an overall amplitude of 132.79%. The overall ethanol market fluctuated and went up. In the first quarter, the market continued to fall due to poor demand. Since the beginning of April, due to the high price of raw material corn and enterprise maintenance and other factors, the price of ethanol market has been going up for three consecutive quarters. The average price at the beginning of the year is about 5520 yuan / ton, and the average price at the end of the year is about 6987 yuan / ton, with an increase of 26.16%. The lowest price is about 5200 yuan / ton, and the highest price is 6 987 yuan / ton, the overall amplitude is 33.92%.

 

Ethyl acetate analysts of business news agency believe that the domestic ethyl acetate Market Trend in 2020 is mainly dominated by the cost side. At present, the spot supply of ethyl acetate Market is stable, the downstream market is poor in receiving goods, many zero star and small order transactions, and the market is bearish. In addition, the price of raw material acetic acid continues to decline, and the cost side is no longer supported, which aggravates the bearish atmosphere of the market. It is expected that the price of vinegar in a short time Ethyl acetate Market was weak and declined.

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Aniline price is stable this week (December 21-27, 2020)

1、 Price trend

 

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According to the data of the business club’s block list, aniline prices are running high this week. On December 20, the price of aniline in Shandong was 7600-7700 yuan / ton; on December 27, the price of aniline in Nanjing was 7900-8000 yuan / ton; on December 27, the price of aniline in Shandong was 7600-7700 yuan / ton; on December 27, the price of aniline in Nanjing was 7900-8000 yuan / ton, the average price was the same as last week, increased by 2.65% over the beginning of the month and 17.17% over the same period last year.

 

2、 Analysis and comment

 

In terms of cost, the price of crude oil and pure benzene in Europe and the United States fell after the discovery of a more infectious new coronavirus variant strain in the UK last weekend. The domestic market is under pressure. The Yangtze River Estuary was unsealed and imported pure benzene arrived in Hong Kong one after another. The port inventory rebounded and the pure benzene market was under pressure. In addition, the shipment of pure benzene factory is not smooth, and the price of pure benzene keeps falling under multiple bad conditions. This week, Sinopec’s listed price of pure benzene was stable, at 4600 yuan / ton, and the listed price was firm. On Monday, the total inventory of pure benzene in East China port was about 13000 tons lower than last week. On Sunday (December 27), the price of pure benzene was 3880-4600 yuan / ton (average price was 4414 yuan / ton), down 72 yuan / ton or 1.6% from last week.

 

The price of nitric acid fell this week compared with last week. On Friday (December 25), the production price of nitric acid in East China was set at 2050 yuan / ton, down 16.67 yuan / ton or 0.81% compared with last Friday. Compared with the beginning of the month, it increased by 250 yuan / ton, or 13.89%. It increased by 28.12% over the same period last year.

 

Aniline prices are stable this week, and the operating rate is more stable than last week. At present, aniline is less affected by pure benzene, the supply and demand of the factory is balanced, and the shipment is stable.

 

3、 Future expectation

 

In terms of cost, the release of the Yangtze River estuary is expected to increase the amount of pure benzene arriving at the port in the later period, and the port inventory is under pressure. Near the end of the month, pure benzene fundamentals are expected to remain weak. Later, we will continue to pay attention to crude oil, external market related news, styrene price trend and arrival of imported ships.

 

Near the end of the month, we should pay attention to the future trend of raw material pure benzene; on the supply side, we should pay attention to the plant operation load and maintenance plan; on the demand side, we should pay attention to the purchase of downstream additives and MDI. Aniline prices are expected to remain strong in the short term.

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The market of cyclohexanone is running smoothly

Recently, the domestic cyclohexanone market has been running smoothly. According to the monitoring data of the business agency, as of December 22, the average price of cyclohexanone in the domestic market was 6983 yuan / ton, with a month on month increase of 6.21% and a year-on-year decrease of 3.90%.

 

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The raw material of pure benzene is weak, the downstream chemical fiber and solvent just need to be purchased, and the shipment of cyclohexanone is hindered. Traders follow the market and have a strong wait-and-see mood. The market offer is 7250-7350 yuan / T, and the actual list is mainly detailed.

 

Price summary of cyclohexanone by Region:

 

Region, price

RMB 7250-7350 / T in East China, cash delivered

In South China, 7200-7300 yuan / ton, delivered in cash

7100-7150 yuan / ton in Shandong Province, cash delivered by vehicle

The cost side support is weak, and the cyclohexanone factory shipment is hindered. However, the spot supply of caprolactam is tight, or there is some support for cyclohexanone. The cyclohexanone analysts of the business community expect that the market of cyclohexanone will be stabilized in the short term.

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Shandong sulphuric acid price stabilized temporarily this week (12.14-12.18)

1、 Price trend

 

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This week, the selling price of sulphuric acid in Shandong is stable temporarily, with the quotation of 437.50 yuan / ton. Overall, this week’s sulfuric acid market temporarily stable, December 18 sulfuric acid commodity index was 68.09.

 

2、 Market analysis

 

From the manufacturer’s quotation, the price of mainstream sulfuric acid manufacturers in Shandong this week is temporarily stable, the manufacturers’ inventory is small, and the downstream demand is strong. Heze Jiangyuan quoted 480 yuan / ton at the weekend, which was temporarily stable compared with the beginning of the week; Zouping Tianlu quoted 300 yuan / ton at the weekend, which was temporarily stable compared with the beginning of the week; Jinan Yuanfei quoted 400 yuan / ton, which was temporarily stable compared with the beginning of the week; kunshengda of Taiyuan City quoted 570 yuan / T at the weekend, which was temporarily stable compared with the beginning of the week.

 

From the perspective of the upstream and downstream industrial chain, the upstream sulfur market has been consolidation at a high level recently, and the cost support is good. However, the market of monoammonium phosphate, diammonium phosphate and bromine in the lower reaches of the market has a positive impact on sulfuric acid. At the same time, some sulfuric acid factories are short of operation recently, the load is reduced, and the supply of sulfuric acid is in short supply.

 

3、 Future forecast

 

In late December, the market of sulfuric acid in Shandong was mainly fluctuated. The price of sulfur in the upstream has been high recently, and the downstream market is good. The purchasing enthusiasm of the downstream for sulfuric acid is normal, and the product trend is upward under the contradiction between supply and demand. The sulfuric acid analysts of the business agency believe that the short-term Shandong market in the supply and demand and raw materials and other aspects of the impact of sulfuric acid market or a small shock rise.

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China’s domestic fluorite prices rise this week (12.14-12.18)

According to statistics, the price trend of domestic fluorite rose. As of the end of the week, the average price of domestic fluorite was 2702.22 yuan / ton, 1.67% higher than that at the beginning of the week, with a year-on-year decrease of 6.64%.

 

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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. The price of wet fluorite in the downstream area of Jiangxi Province rose by 97-2800 yuan / 2600 yuan / day compared with that in the downstream area of Jiangxi Province/ Recently, the domestic fluorite price has increased slightly.

 

The price trend of hydrofluoric acid in the downstream of fluorite continued to rise. As of the 18th, the domestic hydrofluoric acid market price was 9190 yuan / ton. This week, the hydrofluoric acid market price rose by 5.03%. The price rise of hydrofluoric acid market has a certain positive impact on the upstream fluorite market, and the price trend of fluorite market rose slightly. The market of domestic refrigerants rose slightly. In recent years, the sales market of automobile industry was general, and the market of refrigerants was improved. The trend of the refrigerant industry was rising, and the market of various types of refrigerants rose slightly. However, the manufacturers were under pressure to ship, and the sales pressure was large. The growth rate of raw material hydrofluoric acid was limited, and the support force was general. The export volume of refrigerants did not change much and the downstream was empty Adjusted output is low, demand is scarce, after-sales market off-season effect continues, refrigerant prices rise little. On the whole, the refrigerant market is generally supported by favorable factors, the price continues to be low or will become normal, and the transaction center of gravity remains low. At present, the load of refrigerant R22 manufacturers is not high, the inventory is in a reasonable range, and the market price remains at a low level. However, the downstream receiving capacity is limited, and there is a lot of wait-and-see mood. The actual delivery of goods is not smooth. The actual transaction center of gravity is slightly increased, and some businesses still have the phenomenon of cost inversion. The mainstream of on-site negotiation is 13500-15500 yuan / ton. The domestic R134a market trend rose slightly, but the auto market industry continued to be depressed and the transaction atmosphere was light. Due to the abundant supply of goods and the impact of new production capacity in the future market, the price of refrigerants increased slightly, and the fluorite price increased slightly under the influence of favorable support.

 

On the whole, the market situation of the downstream refrigerant industry has improved. In addition, the price of hydrofluoric acid has continued to rise in recent years, and the operating rate of fluorite device has decreased. Chen Ling, an analyst at the business agency, believes that the fluorite market price may continue to rise slightly in the short term.

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Good cost boosts price rise of polyester filament

According to the price monitoring of the business agency, the domestic polyester filament market price continued to rebound in December, among which polyester POY rose the most significantly, up 10.67% from the beginning of the month as of December 16, followed by polyester FDY and polyester DTY, with increases of 9.59% and 7.67% respectively.

 

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Good cost boost, polyester filament factory volume and price rise. In terms of production and sales, the market of polyester filament in Jiangsu and Zhejiang provinces was hot in the first ten days of December. The average production and sales of mainstream large factories were 100% – 200%, and the production and sales of some better factories were as high as 300%. With the enthusiasm of the manufacturers to raise prices, the prices have been raised successively, and the focus of negotiation has been rising. The mainstream polyester POY (150D / 48F) in Jiangsu and Zhejiang provinces has been quoted at 5550-5800 yuan / ton, up 500-600 yuan / ton compared with the beginning of the month. In terms of inventory, the overall inventory of polyester market is concentrated in 17-32 days, of which POY inventory is 4-11 days, FDY inventory is around 12-29 days, and DTY inventory is about 19-32 days.

 

Average price rise and fall of polyester filament Market from December 1 to 16, unit: yuan / ton

 

Products up and down from December 1, 2020 to December 16, 2020

Polyester DTY (150D / 48F low elasticity) 6912 7442 7.67% – 14.83%

Polyester POY (150D / 48F) 5128 5675 10.67% – 19.42%

Polyester FDY (150D / 96F) 5390 5907 9.59% – 20.07%

 

In early December, the ministerial meeting of the organization of Petroleum Exporting Countries (OPEC) and non OPEC oil producing countries reached an agreement. From January 2021, Member States voluntarily adjusted the scale of production reduction from 7.7 million barrels per day to 7.2 million barrels per day. The meeting also decided that the compensation period for production reduction will be extended to the end of March 2021. Since then, it is expected to gradually increase oil production and reduce the scale of production reduction. After the announcement, international oil prices continued to rise. At the same time, as many countries have begun to promote vaccination work, the market is more optimistic about the recovery of crude oil demand, and oil producing countries have announced production cuts in recent years. As of December 15, Brent and WTI crude oil futures prices have reached their highest levels since the beginning of March. As of December 15, Brent closed at $50.76/barrel and WTI closed at $47.62/barrel.

 

At the beginning of December, the price of PTA continued to rise by 37.26% compared with that at the beginning of December. As of December 10, 2020, PTA social inventory was about 3.676 million tons, which was higher than the previous period. At present, PTA operating rate is maintained at a high level near 91%, and the supply pressure is obvious. The recent plant changes include Huabin Petrochemical’s 1.4 million T / a load reduction and shutdown for 3 days on December 7; Zhongtai Petrochemical’s 1.2 million T / a PTA plant was postponed to the end of December; fuhaichuang 4.5 million T / a PTA plant was scheduled to be overhauled for 25 days on December 23; the 1.1 million T / a PTA plant in Zhuhai started to be repaired from December 13 to the end of December; Hainan Yisheng 2 million T / a PTA plant was stable, and the preliminary plan was March 2021 Repair.

 

In the atmosphere of “buy up not buy down”, weaving enterprises have certain replenishment action. Although the weaving factory was affected by the low temperature, the fabric orders in autumn and winter had a certain recovery, but after the orders of “double 11″ and “double 12″ Shopping Festival were gradually delivered, the follow-up of new orders was weak and the sustainability was poor, and the comprehensive starting rate of Jiangsu and Zhejiang looms was reduced to below 79%. The market as a whole is relatively low, and enterprise funds are relatively tight, and the demand side is still facing greater pressure.

 

Xia Ting, an analyst at the business agency, believes that crude oil shocks near the 9-month high, and the cost support still exists. However, under the trend of high inventory and difficulty in removing stocks in the future, PTA supply pressure is obvious, so the overall supply and demand remain pessimistic, and PTA market has the risk of weakening. In addition, in December, the terminal weaving industry has seen a gradual decline in the starting load after new year’s day. After the winter order is digested, it will stop in large area during the Spring Festival every year. Therefore, the demand for the subsequent terminal will be low and the purchase of raw materials will be gradually reduced. On the whole, polyester filament market has downward risk, and it still needs to pay attention to cost and demand changes.

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Antimony ingot Market is stable this week (December 1-15)

From December 1 to December 15, 2020, the market price of antimony ingot in East China will rise slightly, at 42500 yuan / ton at the beginning of the month and 42625 yuan / ton in the middle of the month, with an increase of 125 yuan / ton or 0.29%

 

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On December 14, the antimony commodity index was 59.34, unchanged with yesterday, down 42.01% from 102.32 (2012-10-16), and 26.31% higher than 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

 

In recent half a month, the market price of antimony ingot has not changed much. In the early stage, there are still few imported ore terminals, domestic raw material supply is still tight, and the price of ore end is high, so the cost pressure of antimony products is high, and domestic manufacturers mainly support the price. At the end of November, a small number of low-cost goods appeared in the market, but the quantity was extremely limited, and most of them were withdrawal funds. The impact on the overall trend of the market and its limited. At present, the supply is still tight, and the enthusiasm of antimony ingot manufacturers is still high. The future is still optimistic. As of the 15th day, the average price of 2 × low Bi sb ingot, 1 × sb ingot, 1 × sb ingot, and 0 × sb ingot was 41750 yuan / T, 42250 yuan / T and 43000 yuan / T respectively, and the average price of 2 × high Bi sb ingot was 40750 yuan / t, which was temporarily stable compared with the beginning of the month. The market price of antimony trioxide is mainly stable following the trend of antimony ingot. As of the 15th day, 99.5% of the average price of antimony trioxide is at 38500 yuan / ton, and 99.8% is at 39500 yuan / ton, which is temporarily stable compared with the beginning of the month.

 

According to the price monitoring of business agency, in the 49th week of 2020 (12.7-12.11), there are 10 kinds of commodities in the non-ferrous plate’s rise and fall list, including 2 commodities with an increase of more than 5%, accounting for 9.1% of the total number of commodities monitored in this plate; the top three commodities that increased were nickel (7.03%), praseodymium oxide (6.66%) and magnesium (4.49%). There were 10 kinds of commodities with a decrease of more than 5%, accounting for 9.1% of the total number of commodities monitored in the plate; the top three products were praseodymium neodymium oxide (- 8.59%), praseodymium neodymium alloy (- 7.24%) and metal neodymium (- 4.74%). This week, the average rise and fall was – 0.18%. This week, the overall metal prices declined.

 

Business associations believe that under the current tight supply and demand and cost pressure, the future market price is expected to be stable and strong.

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Cost support enhanced, PTA price center moved up

According to the price monitoring of business agencies, since the beginning of November, the domestic PTA market has started a rebound mode, and the price continues to rise in December. As of December 14, the domestic PTA spot market price was 3628 yuan / ton, with a one-day increase of 3.71%, an increase of 9.62% compared with the beginning of the month, and a year-on-year decrease of 25.58%.

 

Crude oil rose, cost support enhanced, boosting PTA price rebound. At the beginning of December, the ministerial meeting of the organization of Petroleum Exporting Countries (OPEC) and non OPEC oil producing countries reached an agreement. From January 2021, Member States voluntarily adjusted the scale of production reduction from 7.7 million barrels per day to 7.2 million barrels per day. The meeting also decided that the compensation period for production reduction will be extended to the end of March 2021. Since then, it is expected to gradually increase oil production and reduce the scale of production reduction. After the announcement, international oil prices continued to rise. At the same time, as many countries have begun to promote vaccination work, the market is more optimistic about the recovery of crude oil demand, and oil producing countries have announced production cuts in recent years. WTI and Brent crude oil futures prices have reached their highest levels since the beginning of March. Among them, Brent crude oil on Thursday (December 10) strong break through the $50 / barrel resistance barrier.

 

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Production enterprise unit capacity (10000 tons / year) unit operation status

Huabin Petrochemical 140 starts to shut down for 3 days after load reduction on December 7, 2020

Yangzi Petrochemical 35 will be overhauled on November 3, 2020, and the restart time is unknown

Hanbang Petrochemical entered the overhaul on May 9, 2020, and restart to be determined

Pengwei Petrochemical 90 will stop at night on March 9, 2020, and the restart time is to be determined

Zhongtai Petrochemical 120 will be overhauled on September 30, 2020 and postponed to restart on December 16

Zhuhai BP 110 will be overhauled from December 13, 2020 to the end of December

Eason Hainan 200 is scheduled to be overhauled in March 2021

Fuhai Chuang 450 plans to overhaul for 25 days on December 23, 2020

At present, the supply side, the industry started to maintain at a high level of 93%. In terms of specific units, 1.4 million tons of Huabin Petrochemical Company began to reduce the load on December 7 and shut down for 3 days; Zhongtai Petrochemical 1.2 million tons / year PTA plant was postponed to restart on December 16; fuhaichuang 4.5 million tons / year PTA plant was planned to be overhauled on December 23 for 25 days; Zhuhai bp1.1 million tons / year PTA plant began to be repaired from December 13 to the end of December; Hainan Yisheng 2 million tons / year PTA plant is currently in stable operation, and the preliminary plan is March 2021 overhaul.

 

Driven by the international oil price, it has promoted the enthusiasm of chemical fiber manufacturers to raise prices. The price of enterprises has been raised, driven by the rising atmosphere of terminal purchase, the production and sales are picking up, and the quantity and price of polyester filament are rising. The focus of the negotiations on polyester filament has been rising. Polyester POY (150D / 48F) of mainstream factories in Jiangsu and Zhejiang provinces reported 5350-5750 yuan / ton, up 300-500 yuan / ton compared with the beginning of the month. In terms of production and marketing, the market of polyester filament in Jiangsu and Zhejiang is booming. The average production and sales of mainstream large factories are 100% – 120%, and the production and sales of some better factories are as high as 280%. In terms of inventory, the overall inventory of polyester market is concentrated in 17-32 days, of which POY inventory is 4-11 days, FDY inventory is around 12-29 days, and DTY inventory is about 19-32 days.

 

At the same time, after the downturn of production and sales, weaving enterprises also have the demand for replenishment. However, after the orders of the “double 11″ and “double 12″ Shopping Festival were gradually delivered, the new orders were not good, the follow-up orders were weak, and the loom start-up rate was reduced to less than 80%. The market as a whole is relatively low, and enterprise funds are relatively tight, and the demand side is still facing greater pressure. New orders follow-up is weak, and the persistence is poor, and some weaving enterprises have accumulated a small amount of stock.

 

Xia Ting, an analyst with the business agency, believes that the seasonal off-season of the terminal in December is approaching. Although some PTA units are expected to be overhauled, the operating rate has increased compared with November, and the overall supply is still at a high level. At the beginning of December, PTA social inventory rose to 4.156 million tons, an increase of 2.822 million tons compared with the beginning of the year. Oversupply will further aggravate, social inventory or close to 5 million tons in the year, the contradiction between supply and demand is expected to intensify, inhibit the rise of PTA market. In the short term, the current international crude oil price is strong and PTA plant short-term maintenance boost, PTA market is more cautious.

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China’s domestic PC market is weak this week, with poor demand

According to the data monitored by the business agency, as of December 11, the comprehensive price of PC market was 22666.67 yuan / ton. This week, the PC market showed a weak operation, the focus of negotiation moved down, and the purchasing atmosphere was cold. Compared with the beginning of December, the price dropped by 1.45%. The upstream raw material support is insufficient, and PC has the expectation of continuing to be weak.

 

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This week, the domestic PC market transaction atmosphere is cold, downstream cautious wait-and-see, slow shipment, the overall market is in a flat, just need to take orders, the spot supply side is normal, the enterprise operating rate is normal, the inventory side is running normally, the current shipment is smooth, the positive factors are insufficient, the raw material market is weak, the support for PC cost side is insufficient, the overall mentality of PC market is pessimistic, and the willingness of enterprises to reduce prices is increasing 。

 

The upstream bisphenol a market is running smoothly, the price reference is 19500-19600 yuan / T, the actual order is discussed, the delivery is slow, the contract users just need to purchase, the number of new orders is scarce, and the stable operation is maintained in the short term.

 

The rubber and plastic index on December 10 was 742 points, 5 points lower than yesterday, 30.00% lower than 1060 (2012-03-14), and 40.53% higher than the lowest point of 528 on April 6, 2020. (Note: period refers to 2011-12-01 to now)

 

PC analysts believe that: PC is expected to maintain a weak operation in the short term, do not rule out the continued decline. (the above prices are provided by major PC manufacturers all over the country and analyzed by business PC analysts for reference only. Please contact relevant manufacturers for more price details.)

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