Chemical market full cooling rate rises only single digits
The impact of international oil price diving on the chemical market began to show. According to data provided by the Business Club to the newspaper yesterday, the domestic chemical market fell more or less last week. Of the 68 chemical products monitored, only 9 were up products, accounting for 13.2% of the monitored varieties; 29 were stable prices. It accounted for 42.7% of the monitored varieties; it fell 30 products, accounting for 44.1%.
Among them, the top five gainers were: pure MDI, an increase of 2.27%; urea, an increase of 0.71%; titanium dioxide, an increase of 0.60%; propylene, an increase of 0.30%; glyphosate, an increase of 0.27%. The top five decliners were: bromine, which dropped by 8.00%; ethylene glycol, which dropped by 7.10%; toluene, which dropped by 4.16%; pure benzene, which dropped by 4.13%; n-butanol, which dropped by 3.93%.
According to reports, last week by crude oil (81.55, -1.15, -1.39%) continued adverse downturn, the chemical market aromatics, alcohol ethers, ketones products continue to show the overall trend of decline, the end of the industry chain cost transmission is also the basis The week's decline worsened. Polyurethane industry chain is still eye-catching in the last week when manufacturers limited production. Under the background of low demand, the industry expects the chemical market will remain sluggish this week.
Last week, pure MDI market prices rose slightly. Monitoring data show that the average market price of pure MDI remained at 22,000 yuan/ton at the beginning of the week and 22500 yuan/ton at the weekend. Analyst Liu Fubing believes that the main reason for the increase in pure MDI is that Ningbo Wanhua's two MDI units with a capacity of 600,000 tons per year began to repair on June 1, resulting in a reduction in the supply of goods. "Although the current supply is tight, but due to the downturn in the downstream market, the MDI market is not enough support, so the MDI dilemma, is expected this week, the market will be dominated by stability." Liu Fubing said.
As for the first decrease in bromine last week, its current price has dropped by 38.15% year-on-year. In this regard, the bromine industry analyst Zhou Hao believes that due to the previous inventory is not clearly digested, coupled with its unsustainable upstream support, downstream shipments are still poor, resulting in weak bromine prices.
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