Optimism is continuing to spread in the chemical market in August.
In the Chemical Industry Network of China, the "August Petrochemical Market 100 Trend Indicators" released yesterday, there were 43 kinds of 68 kinds of chemical products showing an uptrend, the number increased by 18 kinds compared to July, accounting for 63.24% of the total monitoring products, ranking in the increase list. The top three products were: epichlorohydrin (a gain of 22.83%), ** (a gain of 15.38%), and ** (a gain of 14.29%).
Epichlorohydrin rises 23% in a single month
Throughout August, epichlorohydrin soared all the way, from the beginning of the month of 12,700 yuan / ton all the way up to 15,600 yuan / ton, an increase of nearly 23%. It is understood that the imbalance between supply and demand is the main reason for the sharp increase in the price of this species. Such as Shandong Haili and other major factories to reduce the load, suspended orders, while the downstream resin business demand is relatively stable, leading to market tensions.
The same ** performance in August eye-catching: from the beginning of the month 19,500 yuan / ton to the end of the month 22,500 yuan / ton, high-end offer up to 23,500 yuan / ton. Analysts said that this was mainly due to weather reasons. Continuous rainfall in August caused the devastating destruction of primary halogens in the main producing areas such as Weifang, and the decline in production, which in turn caused the market to supply more demand and drove the price of ** to record highs. Due to the impending arrival of the traditional gold nine silver ten, it is expected that prices will still increase in the next month**.
The third-largest increase in August was pushed up again under low-load production and traffic restrictions. Analysts pointed out that the recent increase in demand for chlorinated fertilizers has accelerated the pace of downstream procurement, and some chlorine-consuming products have also promoted the overall slogan market, which has pushed prices up to a certain extent. At the same time, due to weather and natural disasters, low-price eastbound and southwards are sluggish, it is expected that the market outlook will remain stable, and local prices may continue to rise, but the upside will not be too large and the time will not be too long. .
Falling species decreased compared to July
It is noteworthy that there were 13 varieties of prices falling in August, but the number has decreased by 17 compared with July. The three products with large drop are cryolite (decrease 10.94%), aluminum fluoride (4.48%) and heavy soda ash (3.85%).
Among them, the soda ash market continued to decline last month. The price of light alkali dropped from 1,250 yuan/ton at the beginning of the month to 1,220 yuan/ton, and the amount of heavy alkali dropped from 1,300 yuan/ton at the beginning of the month to 1,250 yuan/ton. On August 8, the Ministry of Industry and Information Technology issued a notice that 2087 companies' backward production capacity was shut down within two months, which seriously affected the turnover of the later soda ash market. Looking at the market outlook, it is expected that the soda ash market will remain stable in the short-term, with some areas showing upward momentum.
Last month, the aluminum fluoride market was at a low-end consolidation and the atmosphere was generally normal. Recently, the price of fluorite has been raised and the electricity price concession has been cancelled. The production cost of some aluminum fluoride producers that use fluorite as raw materials has increased, resulting in a decrease in profits. It is expected that the downstream companies will continue to wait and see their mentality in the later period, mainly to consume inventory.
The largest decrease in cryolite last month was from RMB 6,400/ton at the beginning of the month to RMB 5,700/ton at the end of the month. Mainly due to the lower operating rate of downstream electrolytic aluminum companies and weak demand.
In the Chemical Industry Network of China, the "August Petrochemical Market 100 Trend Indicators" released yesterday, there were 43 kinds of 68 kinds of chemical products showing an uptrend, the number increased by 18 kinds compared to July, accounting for 63.24% of the total monitoring products, ranking in the increase list. The top three products were: epichlorohydrin (a gain of 22.83%), ** (a gain of 15.38%), and ** (a gain of 14.29%).
Epichlorohydrin rises 23% in a single month
Throughout August, epichlorohydrin soared all the way, from the beginning of the month of 12,700 yuan / ton all the way up to 15,600 yuan / ton, an increase of nearly 23%. It is understood that the imbalance between supply and demand is the main reason for the sharp increase in the price of this species. Such as Shandong Haili and other major factories to reduce the load, suspended orders, while the downstream resin business demand is relatively stable, leading to market tensions.
The same ** performance in August eye-catching: from the beginning of the month 19,500 yuan / ton to the end of the month 22,500 yuan / ton, high-end offer up to 23,500 yuan / ton. Analysts said that this was mainly due to weather reasons. Continuous rainfall in August caused the devastating destruction of primary halogens in the main producing areas such as Weifang, and the decline in production, which in turn caused the market to supply more demand and drove the price of ** to record highs. Due to the impending arrival of the traditional gold nine silver ten, it is expected that prices will still increase in the next month**.
The third-largest increase in August was pushed up again under low-load production and traffic restrictions. Analysts pointed out that the recent increase in demand for chlorinated fertilizers has accelerated the pace of downstream procurement, and some chlorine-consuming products have also promoted the overall slogan market, which has pushed prices up to a certain extent. At the same time, due to weather and natural disasters, low-price eastbound and southwards are sluggish, it is expected that the market outlook will remain stable, and local prices may continue to rise, but the upside will not be too large and the time will not be too long. .
Falling species decreased compared to July
It is noteworthy that there were 13 varieties of prices falling in August, but the number has decreased by 17 compared with July. The three products with large drop are cryolite (decrease 10.94%), aluminum fluoride (4.48%) and heavy soda ash (3.85%).
Among them, the soda ash market continued to decline last month. The price of light alkali dropped from 1,250 yuan/ton at the beginning of the month to 1,220 yuan/ton, and the amount of heavy alkali dropped from 1,300 yuan/ton at the beginning of the month to 1,250 yuan/ton. On August 8, the Ministry of Industry and Information Technology issued a notice that 2087 companies' backward production capacity was shut down within two months, which seriously affected the turnover of the later soda ash market. Looking at the market outlook, it is expected that the soda ash market will remain stable in the short-term, with some areas showing upward momentum.
Last month, the aluminum fluoride market was at a low-end consolidation and the atmosphere was generally normal. Recently, the price of fluorite has been raised and the electricity price concession has been cancelled. The production cost of some aluminum fluoride producers that use fluorite as raw materials has increased, resulting in a decrease in profits. It is expected that the downstream companies will continue to wait and see their mentality in the later period, mainly to consume inventory.
The largest decrease in cryolite last month was from RMB 6,400/ton at the beginning of the month to RMB 5,700/ton at the end of the month. Mainly due to the lower operating rate of downstream electrolytic aluminum companies and weak demand.
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