November 14, 2024

Basic chemical market prices rise steadily this week

The chemical market ushered in Xiao Yangchun under the double pull of the continuous high international oil prices and the gradual release of downstream demand. In this week's “Petrochemical 100 Windwards” released by the Business Club, ethyl acetate, stearic acid, and boric acid ranked the top three spots in the rankings, with caustic soda and fluorite rising among the top three.

Among them, caustic soda market conditions continued to improve this week, and regional prices continued to heat up.

“Currently, the export situation of caustic soda is good, and the downstream market is receiving smooth goods. The caustic soda enterprise production plant in Shandong has started to operate at full capacity.” Li Wei, an analyst at the business community, believes that due to the demand for downstream alkali-alkaline enterprises, the goods are relatively smooth, and the caustic soda enterprise is relatively smooth. Still holding a bullish attitude, but the ability of downstream firms to accept high prices has clearly divided.

This week, the liquid chlorine market in the country was weak. The average domestic price in the beginning of the week was around RMB 1,565/ton, and it was slightly down to RMB 1,522/ton over the weekend, which was down by 2.73%. At present, the atmosphere of market trading is light, and the demand of downstream companies is limited. Analysts believe that as the chlor-alkali enterprises have sufficient start-ups, and the downstream PVC market is weak, the chlorine consumption capacity is limited, and the liquid chlorine market will continue to operate in the near future.

The price of glacial acetic acid, which was relatively strong in the previous period, held steady this week and fell slightly to the weekend. This weekend, the average price of glacial acetic acid was 5160 yuan/ton, a decrease of 0.77%. However, the downstream acetate rose surprisingly, with ethyl acetate reporting at 8,700 yuan/ton, which rose by 6.1% in the week.

Industry sources pointed out that the glacial acetic acid market is still lacking in trading, and most users have opted to suspend purchases under the influence of a sharply bearish sentiment. Gao Zizhai, an analyst at Business Club, believes that the trend of acetic acid next week due to lack of support, the market will continue to callback.

The price of fluorite, the hottest chemical product in the chemical market this year, has continued its upward trend in the previous period. The factory price has remained at 2,630 yuan/ton. The offer in the northwest region is about RMB 2,600/ton, in the southwest, it is stable at 2,500 yuan/ton, in the Henan region it is 2,600 yuan/ton, and the highest quotation is in Inner Mongolia, which is 3,100 yuan/ton.

It is reported that the high price of fluorite is mainly affected by the strong market demand for downstream hydrofluoric acid and fluoride salts. The rise in energy and raw material prices, the increase in mining costs, and the country’s rectification of fluorite ore, the gradual closure of small mines, and the consolidation of large mines will inevitably affect the supply of fluorite over a period of time, and will continue to boost fluorite in the long term. The price is slightly higher.

Finally, the domestic sulphur market continued to be strong this week. With the strengthening of the external disk and the limited positive support from the futures sources, coupled with the recent off-season growth of the fertilizer market, the market's mainstream transaction prices have continued to climb.

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