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Turning from boosting to pressure, the impact of cost on styrene prices continues
Since 2023, the market price of styrene has been operating below the 10-year average. Since May, it has increasingly deviated from the 10-year average. The main reason is that the pressure of pure benzene from providing cost boosting force to expanding the cost side has weakened the price of styr...Read more -
The toluene market has slowed down, and downstream demand remains sluggish
Recently, crude oil has increased first and then decreased, with limited boost to toluene, coupled with poor upstream and downstream demand. The mentality of the industry is cautious, and the market is weak and declining. Moreover, a small amount of cargo from East China ports has arrived, resul...Read more -
The isopropanol market rose first and then fell, with few short-term positive factors
This week, the isopropanol market rose first and then fell. Overall, it has slightly increased. Last Thursday, the average price of isopropanol in China was 7120 yuan/ton, while the average price on Thursday was 7190 yuan/ton. The price has increased by 0.98% this week. Figure: Comparison...Read more -
The global production capacity of polyethylene exceeds 140 million tons/year! What are the growth points of domestic PE demand in the future?
Polyethylene has various product types based on polymerization methods, molecular weight levels, and degree of branching. Common types include high-density polyethylene (HDPE), low-density polyethylene (LDPE), and linear low-density polyethylene (LLDPE). Polyethylene is odorless, non-toxic, feels...Read more -
Polypropylene continued its decline in May and continued to decline in April
Entering May, polypropylene continued its decline in April and continued to decline, mainly due to the following reasons: firstly, during the May Day holiday, downstream factories were shut down or reduced, resulting in a significant decline in overall demand, leading to inventory accumulation in...Read more -
After May Day, dual raw materials fell, and the epoxy resin market was weak
Bisphenol A: In terms of price: After the holiday, the bisphenol A market was weak and volatile. As of May 6th, the reference price of bisphenol A in East China was 10000 yuan/ton, a decrease of 100 yuan compared to before the holiday. At present, the upstream phenolic ketone market of bisphenol ...Read more -
During the May Day period, WTI crude oil plummeted by over 11.3%. What is the future trend?
During the May Day holiday, the international crude oil market as a whole fell, with the US crude oil market falling below $65 per barrel, with a cumulative decline of up to $10 per barrel. On the one hand, the Bank of America incident once again disrupted risky assets, with crude oil experiencin...Read more -
Insufficient supply and demand support, continuous decline in the ABS market
During the holiday period, international crude oil plummeted, styrene and butadiene closed lower in the US dollar, some ABS manufacturers’ quotes fell, and petrochemical companies or accumulated inventory, causing bearish impacts. After May Day, the overall ABS market continued to show a do...Read more -
Cost support, epoxy resin rose at the end of April, expected to rise first and then decline in May
In mid to early April, the epoxy resin market continued to be sluggish. Towards the end of the month, the epoxy resin market broke through and rose due to the impact of rising raw materials. At the end of the month, the mainstream negotiation price in East China was 14200-14500 yuan/ton, and the ...Read more -
The supply of bisphenol A in the market is tightening, and the market is rising above 10000 yuan
Since 2023, the recovery of terminal consumption has been slow, and downstream demand has not followed up enough. In the first quarter, a new production capacity of 440000 tons of bisphenol A was put into operation, highlighting the supply-demand contradiction in the bisphenol A market. The raw m...Read more -
Market Analysis of Acetic Acid in April
In early April, as the domestic acetic acid price approached the previous low point again, downstream and traders’ purchasing enthusiasm increased, and the transaction atmosphere improved. In April, the domestic acetic acid price in China once again stopped falling and rebounded. However, d...Read more -
Pre holiday stocking may boost the trading atmosphere in the epoxy resin market
Since late April, the domestic epoxy propane market has once again fallen into a trend of interval consolidation, with a lukewarm trading atmosphere and a continuous supply-demand game in the market. Supply side: The Zhenhai refining and chemical plant in East China has not yet resumed, an...Read more
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