According to the Commodity Market Analysis System of Shengyi Society, from December 16th to 20th, MTBE prices fell from 5612 yuan/ton to 5487 yuan/ton, with a price drop of 2.23% during the period, a month on month increase of 1.39%, and a year-on-year decrease of 14.99%. The trend of the domestic MTBE market is gradually weakening. Due to the end of the phased replenishment of inventory by terminal operators, their enthusiasm for purchasing related gasoline raw materials has slowed down. At the same time, as various gasoline components have risen to a phase high point, compressing the mixed profit of operators, their resistance to high prices is increasing. The MTBE market is stable but weak in consolidation.

On the cost side, in terms of crude oil: The rise in international oil prices is mainly due to the market’s belief that the Asian economy is expected to improve, coupled with the risk of new sanctions faced by some oil producing countries, and a decrease in commercial crude oil inventories in the United States. As of December 19th, the settlement price of the main Brent crude oil futures contract was $72.88 per barrel, a decrease of $0.51 or 0.7%.

On the demand side, international crude oil futures have fluctuated downwards, and the refined oil market has stopped rising and fallen. Refineries have lowered prices to promote sales, but the poor performance of terminal demand has suppressed the digestion of social unit inventory. The pace of mid to downstream merchants entering the market for procurement has slowed down, and market transactions are mainly small orders. Short term MTBE demand is influenced by bearish factors.

Supply side: There are currently no new start-up and shutdown devices, and the overall fluctuation of resource supply is limited. The short-term impact on domestic MTBE supply is mixed.

As of the close on December 19th, the closing price of the Asian MTBE market has decreased by $12.5/ton compared to the previous trading day, with FOB Singapore closing at $706.99-708.99/ton. The closing price of the European MTBE market decreased by $29/ton compared to the previous trading day, and FOB ARA closed at $804.49-804.99/ton. The closing price of the MTBE market in the United States decreased by $7.09 per ton compared to the previous trading day, and the FOB Gulf offshore price closed at $802.10-802.46 per ton (226.48-226.58 cents per gallon).

The future forecast shows weak supply and demand. MTBE analysts from Shengyi Society believe that the domestic MTBE market will experience a narrow consolidation in the short term.

Product Name: Titanium Dioxide

Latest price on December 18th: 14960 yuan/ton

Analysis points: The titanium dioxide market had light trading on December 18th. Recently, the titanium concentrate market has maintained consolidation, and the sulfuric acid market price has temporarily stabilized. Currently, the cost pressure on titanium dioxide enterprises remains, and manufacturers’ quotations are mostly firm. The demand for upstream and downstream factories is mainly driven by urgent procurement, with a general willingness to stock up before the holiday and insufficient performance. The market is deadlocked and mostly wait-and-see. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 14000-15700 yuan/ton; The quotation for rutile titanium dioxide is around 13000-13200 yuan/ton. The actual transaction price is negotiable.

Prediction: The titanium dioxide market is expected to stabilize and operate in the short term.

1、 Market price trend

1. Price increase:

Due to the dual effects of tight spot supply and increasing downstream demand, the price of acrylic acid in the market is showing an upward trend. The price of acrylic acid varies in different regions and manufacturers, but overall it shows an upward trend. As of December 17th, the benchmark price of acrylic acid in Shengyi Society was 6900.00 yuan/ton, an increase of 0.55% compared to the beginning of this month (6862.50 yuan/ton).

2. Active market atmosphere:

With the rise in acrylic acid prices, the market atmosphere has become more active. Some downstream enterprises have begun to actively stock up to cope with potential supply shortages in the future.

2、 Demand side impact

1. Downstream demand growth:

With the economic recovery and the increase of industrial production activities, the demand for acrylic acid in downstream industries such as coatings, adhesives, textile auxiliaries, and water treatment agents is gradually increasing.

The growth of downstream demand has further driven up the price of acrylic acid in the market.

2. Inventory management strategy:

Some downstream enterprises may adopt a wait-and-see attitude, replenishing as needed instead of stockpiling in large quantities, which to some extent exacerbates the situation of tight spot supply.

3、 Supply side impact

1. Limited production capacity:

Due to tight raw material supply, equipment maintenance, increased environmental requirements, or uneven distribution of production capacity, some acrylic acid production enterprises have limited production capacity and reduced the supply of acrylic acid in the market.

For example, the equipment maintenance or load reduction operation of some major acrylic acid production enterprises directly reduces the supply of spot goods, exacerbating the situation of tight supply.

2. Uncertainty of new production capacity:

Although new production capacity is about to be put into operation, there is uncertainty in the progress of production and effective output, which makes market participants more cautious in evaluating supply.

4、 Future prospects

1. Supply shortage may continue:

Considering the expected reduction in overseas supply and the high concentration of domestic production capacity distribution, the tight supply situation in the acrylic acid market may continue for some time. Therefore, in the foreseeable future, the market price of acrylic acid may continue to operate at a high level.

2. Price fluctuations may increase:

With the intensification of market supply and demand contradictions and the continuous rise in raw material costs, the price fluctuations in the acrylic acid market may further increase. Investors and downstream enterprises need to closely monitor market dynamics and price changes in order to adjust their investment strategies and procurement plans in a timely manner.

In summary, the tight supply of spot goods is one of the main reasons for the rise in the price of acrylic acid in the market. The future price trend of the acrylic acid market will depend on the combined effects of various factors such as supply, demand, and market competition. Therefore, investors and related enterprises should closely monitor market dynamics and relevant information to develop reasonable investment strategies and business plans.

This week, the price of isooctanol fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of December 16th, the price of isooctanol was 8200 yuan/ton, a fluctuating decrease of 4.65% compared to the price of 8600 yuan/ton on December 9th. This week, the equipment production of isooctanol enterprises remained stable at a high level, with sufficient supply of isooctanol and cold demand, resulting in oversupply and fluctuating prices of isooctanol.

Adequate supply of isooctanol this week

This week, isooctanol enterprises started production at a high level and remained stable. In addition, new octanol production capacity was gradually put into operation in December, resulting in a significant increase in isooctanol supply in December. The downstream demand increment is not as significant as the increment of octanol, and there is an oversupply of isooctanol, which increases the downward pressure on isooctanol and causes its price to fluctuate and fall.

Downstream plasticizer DOP prices fluctuated and fell this week

According to the Commodity Market Analysis System of Shengyi Society, as of December 16th, the DOP price was 8576.25 yuan/ton, a fluctuating decrease of 2.83% compared to the DOP price of 8826.25 yuan/ton on December 9th. The price of isooctanol has fluctuated and fallen, the cost of plasticizers has decreased, the profit margin of plasticizer DOP is high, and the enthusiasm of plasticizer enterprises to start production is high. The operating rate of downstream plasticizer enterprises is high, and plasticizers have certain positive support for the demand for isooctanol. However, downstream inventory replenishment at low prices has limited support for the demand for isooctanol.

Future expectations

According to the data analyst of Business Society’s octanol product, the equipment production of isooctanol enterprises has stabilized this week, and with the addition of new production capacity, the supply of isooctanol is sufficient, increasing the downward pressure on isooctanol; This week, downstream plasticizer manufacturers have seen an increase in production, but many of them are restocking at low prices, resulting in average demand for isooctanol and insufficient support for its upward trend. In the future, there will be an oversupply of isooctanol with average demand, and it is expected that the price of isooctanol will remain weak and consolidate.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of aniline has been running steadily this week. On December 9th, the market price of aniline was 9525 yuan/ton, and on December 13th it was 9525 yuan/ton. There was no fluctuation during the period, a decrease of 10.14% compared to the same period last year.

2、 Analysis and Review

This week, the aniline market digested the increase and maintained stable operation. Due to multiple increases in aniline prices within the week, downstream market entry enthusiasm has weakened, with rigid demand being the main factor. The factory inventory remains at a healthy level, production is stable, and aniline prices are temporarily stable.

Pure benzene: Recently, the pure benzene market has strengthened and consolidated, with increased support for aniline. On December 1st, the average price of pure benzene was 7338 yuan/ton, and on December 13th, the average price of pure benzene was 7856 yuan/ton, an increase of 3.36% during the period.

3、 Future expectations

At present, the northern market for aniline is affected by rainy and snowy weather, resulting in significant transportation resistance and poor factory delivery. It is expected that the aniline market will weaken and consolidate in the short term.

Product Name: Titanium Dioxide

Latest price on December 12th: 14960 yuan/ton

Analysis points: On December 12th, the titanium dioxide market was temporarily stable. The manufacturer’s quotation is mainly stable, while the trader’s quotation is relatively flexible. The market has a strong wait-and-see attitude, and actual orders are cautious. The overall trading situation is relatively light. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 14000-15700 yuan/ton; The quotation for rutile titanium dioxide is around 13000-13200 yuan/ton. The actual transaction price is negotiable.

Prediction: The titanium dioxide market is expected to operate weakly and steadily in the short term.

The price of epichlorohydrin has continued to rise this week. At present, there is a shortage of spot goods in the market, and supply remains tight. After the price increase, low-priced spot goods are difficult to find, and there has been a decrease in trading orders in the market, with a focus on purchasing small orders for essential needs. According to the monitoring system of Shengyi Society, as of December 11th, the benchmark price of Shengyi Society’s epichlorohydrin was 9125.00 yuan/ton, an increase of 1.11% compared to the beginning of this month (9025.00 yuan/ton).

Price influencing factors: The market price of propylene liquid chlorine on the raw material side fluctuates. According to the market analysis system of Shengyi Society, as of December 11th, the benchmark price of propylene in Shengyi Society was 6858.25 yuan/ton, an increase of 0.18% compared to the beginning of this month (6845.75 yuan/ton).

Supply side: The atmosphere of epoxy chloropropane in the domestic market continues to rise. At present, due to the parking plans of some enterprises, the supply of spot goods in the market is tight.

Downstream demand side: Under cost support, downstream epoxy resins continue to show an upward trend. Suppliers are cautious in purchasing high priced raw materials and maintain a focus on purchasing for essential needs.

Market forecast: Analysts from Shengyi Society believe that the rise and fall of cost side prices are uneven, with downstream demand mainly focused on purchasing and cautious procurement of raw materials. In addition, the market supply is tight, and it is expected that there may be a slight increase in the epoxy chloropropane market in the short term. More attention still needs to be paid to changes in market prices.

1、 Price trend

According to data monitored by Shengyi Society, as of December 9th, the average quotation price of domestic high-quality DMF enterprises was 4290 yuan/ton. Today, the overall DMF market is weak and declining, with prices dropping by 0.23% compared to the previous day. The price is operating in a narrow and weak range, with a slight downward adjustment.

2、 Market analysis

This week, DMF has undergone a narrow consolidation, with prices slightly falling. Some companies have lowered their prices one after another, and the supply side is stable. On the demand side, downstream purchases are mainly based on demand. The market is in a game of supply and demand, and the mentality of industry players is average, with a strong atmosphere of wait-and-see in the market.

In terms of cost: The upstream methanol supply and demand drive is average, and it will continue to operate narrowly this week. In terms of supply, the overall inventory of the methanol market is currently low, and downstream demand follows suit. Subsequent prices need to continue to pay attention to macro news.

3、 Future forecast

DMF analysts from Shengyi Society believe that DMF prices have continued to rise for several days in the past few days and are currently in the stage of digestion and consolidation. It is expected that DMF will maintain its current trend in the short term.

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LLDPE (7042) was 8755 yuan/ton on November 28th, and the average price was 8783 yuan/ton on December 6th, with a price increase of 0.32% during this period.

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LDPE (2426H) was 10816 yuan/ton on November 28th, and the average price was 10816 yuan/ton on December 6th, with prices remaining unchanged during this period.

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of HDPE (2426H) was 8757 yuan/ton on November 28th, and the average price was 8562 yuan/ton on December 6th, with a price drop of 0.15% during this period.

Recently, the trend of polyethylene has fluctuated, with narrow adjustments being the main focus. On the supply side, according to data statistics, the maintenance loss of polyethylene plants during the (11.29-12.5) cycle was around 98400 tons, a slight increase of about 1900 tons compared to last week. In December, new production capacity will be gradually put into operation, and there are expectations of an increase in the supply side. Downstream demand is at the end of the peak season, with strong market demand, but downstream resistance to high prices has slowed down transactions; On the cost side, international oil prices have fallen due to the unexpected increase in US refined oil inventories, causing market concerns that demand remains weak.

On December 6th, the polyethylene L2501 contract on the Dalian Commodity Exchange opened at 8366 yuan and closed at 8351 yuan, a decrease of 36 yuan, with a maximum of 8380 yuan and a minimum of 8300 yuan, a decrease of 0.43%. Recently, futures have weakened, dragging down the spot market.

New production capacity will be added in December; In addition, there are no plans to stop for maintenance next week, which is expected to reduce maintenance losses and increase supply expectations; Entering December, the demand for greenhouse film is coming to an end, with a cumulative decrease in orders, and downstream production rates may decrease; It is expected that polyethylene will mainly experience a weak and fluctuating trend.

Product Name: Pure Benzene

Latest price: On December 5th, the average market price was 7636.33 yuan/ton, a decrease of 0.09% from the previous trading day.

Analysis: Today’s domestic pure benzene market price performance is deadlocked, and the trading atmosphere in the market is still acceptable. Sinopec’s refineries in East and South China have stable prices for pure benzene, with a price of 7500 yuan/ton. Shandong’s local refining industry focuses on stability, with some companies experiencing slight price reductions and average low-priced shipments on site. International crude oil futures have fallen, affecting confidence in the pure benzene market. It is expected that the pure benzene market will remain stable and stable in the short term, with actual transactions subject to negotiation.