The volatility of the plasticizer sector has narrowed this week
| Thiourea |
According to the Commodity Market Analysis System of Shengyishe, the plasticizer sector was at 801 points on May 23, unchanged from yesterday and up 18 points or 2.30% from the plasticizer sector index of 783 points on May 1; The plasticizer sector index increased by 6 points, or 0.75%, compared to 795 points on May 17th. This week, the index of the plasticizer sector has slightly increased, and the index of the plasticizer sector has slightly narrowed.
According to the commodity market analysis system of Shengyishe, the plasticizer sector saw a full increase in products this week, but the main plasticizer products saw a slight narrowing in their upward trend. The downward pressure on the plasticizer sector increased this week.
This week, plasticizer products saw a slight increase
According to the Commodity Market Analysis System of Business Society, the increase in plasticizer products has narrowed this week. As of May 24th, The price of DOP is 10012.50 yuan/ton, an increase of 0.63% compared to the price of 9950 yuan/ton on May 17th; On May 24th, the price of DOTP was 10112.50 yuan/ton, an increase of 1.25% compared to the price of 9987.50 yuan/ton on May 17th; On May 24th, the DBP price was 9583.33 yuan/ton, an increase of 0.88% from the DBP price of 9500 yuan/ton on May 17th. Plasticizer enterprises operate at high operating rates, resulting in increased supply. Cost support has weakened, prices of plasticizer products have narrowed, supply of plasticizers has increased, macroeconomic policies have stimulated, and demand for plasticizers is expected to rebound. Overall, there is still support for the rise in plasticizer prices.
The price increase of isooctanol has narrowed this week
According to the Commodity Market Analysis System of Shengyishe, as of May 24th, the price of isooctanol was 9810 yuan/ton, a slight increase of 0.10% compared to the price of isooctanol on May 17th, which was 9800 yuan/ton. The price increase of octanol products has narrowed this week. Since hitting bottom in mid April, the focus of the domestic octanol market has slowly shifted upwards in weekly transactions. From the demand side, the rotating maintenance of downstream plasticizers and isooctyl acrylate units in May resulted in low sustainability of buying, and a narrower range of octanol fluctuations. The octanol market lacks continuous upward momentum, and octanol prices fluctuate and consolidate.
The price of n-butanol has fallen this week
According to the analysis system of n-butanol commodity market by Business Society, as of May 24th, the quoted price of n-butanol was 8033.33 yuan/ton, a slight decrease of 1.23% compared to the price of n-butanol on May 17th, which was 8133.33 yuan/ton. The overall production capacity utilization rate of n-butanol has not changed much, and the overall supply side of the market remains stable. The trading atmosphere in the n-butanol market has weakened, and the shipping pace of the main n-butanol factories has slowed down. The downstream demand for n-butanol is average, and the overall selling price is somewhat lacking compared to the previous period. The price of n-butanol has slightly decreased.
The price of phthalic anhydride has increased this week
According to the market analysis system for phthalic anhydride products by Business Society, as of May 24th, the quoted price for phthalic anhydride was 8187.50 yuan/ton, an increase of 2.99% compared to the price of 7950 yuan/ton on May 17th. The price of raw material ortho benzene has increased, and the cost of phthalic anhydride has increased; The concentrated maintenance of the phthalic anhydride unit has resulted in a daily production capacity utilization rate of 59%, reduced supply, supporting an increase in phthalic anhydride prices, and a slight increase in the cost line of plasticizer DOP.
Expected decrease in downstream demand
Affected by the increase in planned maintenance enterprises, The production of PVC has decreased. The operating rate of downstream product enterprises is around 50%, unchanged on a month on month basis and decreasing year-on-year. In the short term, the supply of fundamentals has decreased due to maintenance, while domestic and international demand remains weak, especially in the export market, making it more difficult to accept orders, The supply and demand of PVC market are weak; In the medium to long term, The policy stimulus in the PVC market to reduce inventory and quantify inventory is difficult to bring benefits to new construction projects. Real estate transactions have boosted demand in the building materials market, and spot fundamentals are cautious and cautious. There is not much planned maintenance in June, and new production capacity is planned to be put into operation, resulting in increased supply and poor demand performance, which has a certain drag on the market. The supply and demand in foreign markets are weak due to maintenance and off-season constraints. Overall, The supply and demand of PVC and downstream markets are weak, and the demand for plasticizers remains weak.
Future expectations
Business Society plasticizer product data analysts believe that the upward trend of the plasticizer market has narrowed this week. In terms of production, plasticizer manufacturers have slightly decreased their production, while upstream isooctanol manufacturers and downstream PVC product enterprises of plasticizers have experienced varying degrees of maintenance and production decline. In terms of supply and demand, the production of plasticizer industry chain manufacturers has decreased, and the overall supply of plasticizer sector is tight; Downstream production has decreased, and downstream demand for plasticizers is expected to decrease. In the future, both supply and demand are weak, and the upward trend of the plasticizer sector is slowing down. With the completion of enterprise maintenance, the support for the increase in raw material prices is limited, and downstream demand is decreasing and supply is sufficient. In the future, the plasticizer sector is consolidating and the downward pressure is increasing.
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