High inventory pressure PA6 price weakening

1、 Price trend:

 

Polyglutamic acid

According to the data from the business club’s bulk list, the domestic PA6 market weakened in the fourth week of July, with most brands of spot significantly reduced. As of July 24, the mainstream offer price of 2.75-2.85 from the traders was about 11000.00 yuan / ton, which was 9.84% lower than the average price at the beginning of the month.

 

2、 Analysis of influencing factors:

 

The overall market of caprolactam in the upstream of PA6 fell this month. According to the data from the bulk list of business associations, as of July 24, the average domestic ex factory price of caprolactam was about 9600.00 yuan / ton, which expanded to 7.69% compared with the average price level at the beginning of the month. Last month, crude oil had strong support for pure benzene, and caprolactam was supported at the bottom of the market. Entering this month, pure benzene port inventory appeared high, pick up speed began to slow down. Due to the increase of inventory in Shandong local refining enterprises, it is difficult to release the inventory pressure, which hinders the price rise of pure benzene. Recently, the raw material price is mainly stable, and the cost side support is limited. The downward trend of caprolactam is still in the trend. In addition, sufficient supply, poor downstream demand, the overall market is weak. Caprolactam prices are expected to continue to fall in the future.

 

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In the fourth week of July, PA6 market was also mainly affected by the negative effect of upstream caprolactam, and the market price was closely related. At the beginning of the month, the highest point was 12200.00 yuan / ton. Since then, the spot price of PA6 continued to “float green”, and merchants actively shipped goods to reduce their positions. At present, the domestic PA6 market inventory is still high and there is a risk of accumulation, and businesses are going to take orders at a low price near the end of the month. The lower reaches of the main replenishment operation, the strategy is biased towards rigid demand procurement. Demand follow-up is not timely, in addition to the inventory is too much, business bearish aftermarket, the market mentality is not strong, the transaction atmosphere is general.

 

3、 Future forecast:

 

Business agency analysts believe that: in the fourth week of July, domestic PA6 market fell, and spot prices of various brands decreased significantly. The trend of caprolactam in the upstream decreased obviously, and the support for the cost side of PA6 was weakened. The demand of downstream slicing plants is weak, and the strategy of bargain hunting is the main strategy. The improvement of PA6 trading volume is limited, and businesses are generally short of the future market and sell profits and reduce positions. It is expected that PA6 market will continue the weak trend in the near future.

Gamma Polyglutamic Acid

Propylene oxide market price rose slightly (7.13-7.22)

1、 Price trend of propylene oxide

 

(Figure: P value curve of propylene oxide product)

 

Gamma Polyglutamic acid Gamma PGA

2、 Market analysis

 

Recently, the market of propylene oxide has risen slightly. As of July 22, the average price quoted by propylene oxide enterprises was 10200 yuan / ton, up 1.32% compared with last Monday (July 13) and 2% higher than that on June 22 (10000 yuan / ton), according to the data of the bulk list of business associations. At present, there is no pressure in the propylene oxide plant for the time being, the downstream just needs to replenish, and the new orders in the market can be concluded.

 

Regional July 13 July 22 remarks

RMB 9850-10000 / T, RMB 10050-10200 / T

In East China ¥ 10150-10250 / T ¥ 10400-10500 / T

RMB 9800 / T, RMB 10000-10100 / T in South China

On July 21, the market price of upstream propylene rose in Shandong. According to the price chart of the business agency, the recent price of propylene fluctuates periodically, with a relatively stable price range. Since the beginning of July, the price has been continuously reduced by 200-250 yuan / ton. From June 6 to 9, the price has been adjusted back by about 250 yuan / ton. On October 10 and 11, the price has been roughly flat. Since the 12th, the price has declined for a second time. Now, it has declined by 150-200 yuan / ton, and it has remained stable again since 17th. On the 19th, some enterprises have slightly increased. On the 20th, most enterprises have started to adjust, and today’s prices have increased by 50 yuan / ton, The market turnover reached 6670-7050 yuan / ton, and the mainstream price was about 6800 yuan / ton. At present, the inventory pressure of propylene manufacturers is not big, but the shipment is general, the crude oil price is slightly cold, the overall downstream market operating rate is acceptable, and the downstream purchasing enthusiasm is weak, and the market trading is stable. Now the price has begun to rise, but it has not reached the upper limit of the oscillation range. Therefore, it is expected that the propylene price will continue to rise in the near future, which has a good support for propylene oxide.

 

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According to the price monitoring data of the business agency, as of July 21, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11900 yuan / ton, which was flat compared with the price on July 1. As of July 21, the downstream soft foam polyether was in short supply, and the downstream just needed to purchase. Under the support of superimposed cost, the focus of market negotiation moved up as a whole.

 

3、 Future forecast

 

The propylene oxide analysts of the business agency believe that the current market price of propylene oxide is rising, the price of liquid chlorine is falling, the downstream needs to follow up, and the market trading atmosphere is fair. It is expected that in the short term, the propylene oxide market will be mainly stable, and more attention should be paid to the interest guidance in all aspects of the market.

Gamma Polyglutamic Acid

Supply is tight, bromine market is getting warmer

1、 Price data:

 

Gamma Polyglutamic acid food grade

According to the data monitoring of the bulk list of business associations, after a long period of weak operation, the price of bromine in Shandong gradually rebounded. As of July 21, the average price in Shandong was about 26833 yuan / ton, up 2.11% compared with July 17, and the overall price dropped by 15.77% compared with the same period last year.

 

2、 Cause analysis

 

Products: at present, the price of bromine in Shandong Province is rising steadily, and the accumulative price increase range of each enterprise is about 500-1000 yuan / ton. Most enterprises ship normally. Affected by the policy and the coming of the flood season, the supply of bromine market in the future is expected to decline. In addition, the enterprise’s inventory pressure is not obvious, the enterprise’s price intention is good, and the market is enthusiastic. The downstream market is still in demand. At present, the mainstream bromine enterprises offer 26500-27500 yuan / ton.

 

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Industrial chain: the sulfur market is weak, the supply of goods is sufficient, and the trade in the industry is light, at present, it is about 623 yuan / ton; the market of sulfuric acid is stable, the cost is generally supported, some sulfuric acid manufacturers are under started, the load is reduced, the downstream purchasing enthusiasm is general, the supply of sulfuric acid is normal, the factory price of sulfuric acid in the future market is slightly fluctuating, at present, about 427 yuan / ton; the price of domestic liquid alkali is basically stable It is expected that the price of caustic soda in Shandong will be weak in the later stage, with 507 yuan / ton at present. The main downstream flame retardant market of bromine is still mainly based on rigid demand, and the market starts to be flat. The industries such as pharmaceutical and pesticide intermediates are under started, and the demand side does not support the price of bromine.

 

3、 Future forecast

 

Analysts of the bromine industry of the business society believe that the overall domestic bromine market is in a tight balance state, and the decline in supply side supports the exploration of bromine price. Due to the continuous weak performance of the demand side, it is expected to rise slightly in a short time, so attention should be paid to bromine supply in the future.

Gamma Polyglutamic Acid

Domestic pet market is running in a weak position, and the focus of negotiation is moving down

According to the data monitored by the business agency, as of July 20, the price quoted by pet water bottle manufacturers was 5500 yuan / ton, which was 1.79% lower than that in the same period last week. The focus of negotiation is low, and most enterprises have lowered their prices. At present, the mainstream price range is 5400-5500 yuan / ton.

 

Pet market is in a weak position, with high inventory, low negotiation atmosphere, insufficient follow-up of downstream demand, and inactive purchasing attitude. Most of them just need to purchase, international crude oil continues to decline, and polyester bottle chip supply is further increased. At present, the mainstream manufacturers in East China offer around 5400-5500 yuan / ton, the mainstream market negotiation is around 5300-5400 yuan / ton, and the current price of Xiamen Tenglong is 5500 yuan / ton Guangdong Taibao 5500 yuan / ton, Zhuhai China Resources 5500 yuan / ton, Zhejiang wankai 5500 yuan / ton, Yizheng Chemical fiber 5400 yuan / ton, the demand is difficult to ease, the raw materials lack of good support.

 

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The upstream PTA market continued to operate at a low level, and the weakness was explored. It was difficult to form a good support for the pet cost. The market negotiation focus was weak, and the main idea was to wait and see carefully. The raw material ethylene glycol was in a weak position. The price dropped, the center of gravity moved down, and the number of transactions was limited.

 

On July 19, the rubber and plastic index was 621 points, unchanged with yesterday, down 41.42% from 1060 (2012-03-14), and 17.61% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

 

Pet analyst of business agency thinks: pet market maintains a downward trend in the short term, and the fatigue is hard to change. (the above prices are provided by major pet manufacturers all over the country and analyzed by pet business analysts for reference only. Please contact relevant manufacturers for more price details.)

Gamma Polyglutamic Acid

The price of steam coal decreased slightly this week (7.13-7.17)

1、 Price trend

 

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According to the monitoring of business agency, the price of steam coal decreased slightly this week. On July 13, the average port price of steam coal remained at 596.25 yuan / ton, and on July 17 it was 591.25 yuan / ton, a slight decrease of 0.84%. On July 16, the commodity index of steam coal was 71.51, down 0.18 points compared with yesterday, 30.58% lower than the highest point 103.01 (2011-11-15), and 59.98% higher than the lowest point 44.70 on January 20, 2016. (Note: period refers to 2011-09-01 to now).

 

2、 Analysis of influencing factors

 

In terms of production areas, Shaanxi and Inner Mongolia have low purchasing enthusiasm due to the rise of coal price and the enhancement of precipitation in ports, and the increase of coal price is narrowed. Some coal mines have a small amount of inventory due to poor shipment; the production and sales in northern Shanxi are balanced, and the coal market is operating smoothly, and most of the prices are stable. According to the data of the National Bureau of statistics, in June, China’s raw coal output was 334.28 million tons, a year-on-year decrease of 1.2%, and the decline rate was 1.1 percentage points higher than that of the previous month; the average daily output was 11.14 million tons, with a month on month increase of 860000 tons. From January to June, China’s raw coal output reached 1805.41 million tons, up 0.6% year on year.

 

In terms of downstream power plants, the mainstream closing price of 5500 kcal steam coal is 590-593 yuan / ton, and the closing price of 5000 kilocalories is 535-541 yuan / ton. The recent surge in precipitation in southern China has seriously affected hydropower generation. The purchase of coal by downstream power plants has dropped slightly, and the demand for coal is slightly lower. At the same time, under cloudy and rainy weather, the temperature is low, and the residential electricity demand has not been fully released, and the daily consumption has increased in general. Coastal power plant inventory rose slightly.

 

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In terms of import, the data released by the General Administration of Customs on July 14 showed that in June 2020, China’s coal imports were 25.286 million tons, a year-on-year decrease of 1.812 million tons or 6.69%, and an increase of 3.229 million tons, or 14.64%, compared with 22.057 million tons in May. From January to June 2020, the country imported 173.991 million tons of coal, a year-on-year increase of 12.7%. There is no sign of relaxing the import coal restriction policy, and the customs clearance restrictions are still strict, but the market activity of imported coal has slightly increased compared with the previous period, and the demand is partially released.

 

According to the forecast of the National Meteorological Administration, there will still be heavy rainfall in the Yangtze River and Huaihe River Basin in the next ten days, and the power plant will have sufficient time to replenish the reservoir. At present, the transportation is mainly based on the cash of long-term cooperation, and the cashing of low-cost long-term cooperative coal plays an important role in stabilizing the market. Generally speaking, there is still room for a small reduction of steam coal in the later stage, and then the steam coal will be put into operation within the range according to the downstream market demand.

Gamma Polyglutamic Acid

The cost drops and the demand is weak, the price of polyacrylamide manufacturers decreases slightly

Commodity index: on July 13, the BPI of bulk commodity price index was 752 points, up 2 points compared with yesterday, 26.20% lower than the highest point of 1019 points (2012-04-10), and 13.94% higher than the lowest point of 660 points on February 3, 2016. (Note: cycle refers to the period from April 1, 2019 to now)

 

Gamma Polyglutamic acid Gamma PGA

Price quotation: Business Association (100 ppi.com )According to the monitoring data, the market of Polyacrylamide in July has shown a downward trend compared with that at the end of June. At present, many companies have lowered their prices in the first half of this month, and the overall range is not very large. On July 1, 2020, the mainstream market quotation was 13960 yuan / ton, which was about 60 yuan / ton lower than the average price of 14020 yuan / ton on June 30. On the 14th of this month, the price was about 13920 yuan / ton, which was about 40 yuan / ton lower than that at the beginning of this month. In the first half of this month, it was slightly reduced by 0.29%, but it was reduced by 0.71% compared with the end of last month.

 

Factor analysis:

 

First of all, from the perspective of industrial chain. Upstream acrylonitrile: from January to June 2020, the domestic market price will drop sharply first, and then it will continue to adjust to a certain extent. Since the second half of April, it stopped falling at 6350 yuan / ton. After stabilizing for half a month, it started to rebound from May. The half month quotation went up by 800 yuan / ton to 7150 yuan / ton, and the mainstream quotation in the second half of the month was about 8000 yuan / ton. In June, it was stable at around 8550 yuan / ton in the middle of June, and continued to rise in the last ten days, with the highest value reaching about 8800-8900 yuan / ton, and then it was adjusted back to 8400 yuan / ton at the end of the month. In July, the price of acrylonitrile continued to fall. By the 13th, the price of acrylonitrile had dropped by about 1100 yuan / ton, and the mainstream quotation was 7300 yuan / ton. In terms of upstream raw materials, the price of raw material propylene remained between 6500-7000 yuan / T, which led to the high pressure of acrylonitrile cost; in terms of units, the load of acrylonitrile unit of silbon Petrochemical Company resumed production in four lines on June 10, and the annual production capacity of Zhejiang Petrochemical was 260000 tons. The unit was put into trial production on June 23. The current operating load was 80%, and the start-up rate of ABS industry was maintained above 90%; the startup rate of acrylic fiber industry was maintained at above 90% Over 70%, the current domestic main manufacturers of acrylonitrile production is normal, the daily production is high, and the industry inventory is rising. Downstream demand: the demand for polyacrylamide has not improved greatly so far this year, and the manufacturers have great sales pressure. Due to the comprehensive influence of demand and cost, the prices of several polyacrylamide manufacturers have been reduced to some extent compared with June.

 

Secondly, the manufacturer production angle. According to the investigation, Henan Province, one of the main producing areas of polyacrylamide, has normal production and high inventory. Since July 1, many manufacturers have lowered their prices. Although the range is small, there are many price adjustments. So far in the first half of the month, some manufacturers have lowered their prices twice, and some manufacturers’ prices remain stable. The current price: cation: molecular weight: 12 million (10-30 ions) For anions, the quoted price is 6800-9600 yuan / ton for 10 million yuan, 7800-10500 yuan / ton for 12 million molecular weight, 9000-11500 yuan / ton for 14 million molecular weight solid particles, 9600-10500 yuan / ton for 16 million solid particles, 10400-11000 yuan / ton for 18 million molecular weight solid particles, 12000-12500 yuan / ton for 18 million-20 million molecular weight powder particles, respectively Ion: the quoted price is about 12000-13000 yuan / ton; generally, there is a reduction of about 100-200 yuan / ton at the lowest price position. The overall reduction range is different, and some specifications of some manufacturers have been reduced by 1000 yuan / ton. In general, the sales pressure of manufacturers and distributors is huge, and enterprises are helpless for the current situation. The current price has reached the low price level, and there is almost no room for downward trend. However, the prospect is still not so optimistic.

 

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Thirdly, industry perspective. Since 2020, the prosperity of environmental protection water treatment industry is poor. During the period from January Spring Festival holiday to February 20, relevant enterprises in main production areas stopped production and delayed to resume work. After February 20, the manufacturers in the main production areas gradually returned to work and production. In March, logistics returned to normal, mainly consumed inventory. In April, the manufacturers survived normally, and the raw material cost was partly reduced and the demand was weak, which led to the high inventory of manufacturers. On May 6, the national high-speed recovery of charges, the price of acrylonitrile and other raw materials rose, the ex factory price of polyacrylamide did not change much, and there were more stocks; with the upstream propylene of acrylonitrile rising in the industrial chain relationship of “propylene PP melt blown cloth mask”, the production capacity of acrylonitrile manufacturers decreased this month, which directly led to the firm price of acrylonitrile. In July, the price of acrylonitrile dropped sharply and the cost of polyacrylamide was lowered. In fact, the cost of raw materials hoarding by manufacturers determines the current price and cost, and the impact on production cost is also different. As far as the whole industry is concerned, the market trend is determined by the cost reduction and poor demand, and the market will not improve much this month.

 

Future forecast:

 

According to the analysis of the business agency, the cost has been greatly reduced and the demand has not improved greatly so far this month, which has led to several small price cuts by many companies since the beginning of the month. In the first half of 2020, the development of water treatment industry is difficult, and the second half of 2020 is still not very optimistic. For the future market, the market will still maintain the current form, and there will be a slight decrease in the basic stability, and the frequency may increase. It is expected that the downstream demand will recover as soon as possible.

Gamma Polyglutamic Acid

Poor demand, magnesium ingot manufacturers failed to raise prices in July

Magnesium market trend

 

On July 14, 2020, the price of magnesium ingot (99.9%, no pickling, simple packaging) in the main production areas of China dropped slightly, and the recent turnover of magnesium market was weak, and the willingness of manufacturers to support the price moved down. At present, the mainstream quotation range is 12800-13100 yuan / ton, and the actual order is mainly discussed

 

According to the data of the business agency, the average price of the domestic market on the 14th was 13066.67 yuan / ton, a decrease of 2.73% compared with the average price of 13433.33 yuan / ton at the beginning of July (7.1), and 14166.67 yuan / ton at the beginning of July (1.1), a decrease of 7.76%.

 

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The specific price ranges of each region are as follows:

 

The ex factory spot exchange including tax in fugu district is 12800-13000 yuan / ton; that in Taiyuan area is 12950-13100 yuan / ton; in Wenxi area, it is 13050-13200 yuan / ton; in Ningxia area, it is 12850-13000 yuan / ton.

 

Poor demand and low price

 

At the end of June, some enterprises in mainstream production areas were affected by cost factors, and had a strong willingness to raise prices. Since July, the market price of magnesium ingots has been continuously falling, falling below the 13000 mark.

 

In terms of supply and demand, affected by the poor export factors, the current spot supply is relatively sufficient, and the downstream procurement is relatively rational. Under the expectation of the weak market, more on-demand procurement is given priority to, and the willingness to store goods is low.

Gamma Polyglutamic acid Cosmetic

 

The future market is still weak and stable

 

In terms of exports, overseas demand is not expected to change significantly in the near future. It is reported that in May, China exported 16128.22 tons of unwrought magnesium (mg ≥ 99.8%) with a total amount of US $35.3555 million; compared with April, the export volume decreased by 26.33%, and the export value decreased by 28.4%.

 

It is expected that the future magnesium price will remain weak and stable, and the later stage will focus on the impact of manufacturers’ shutdown and maintenance on the operating rate in summer.

Gamma Polyglutamic Acid

The price of PA66 fluctuated in the first ten days of July

1、 Price trend

 

Gamma Polyglutamic acid Gamma PGA

According to the data from the business club’s bulk list, the domestic PA66 market fluctuated weakly in the first ten days of July, with various models of products up and down. As of July 10, the average price of PA66 medium viscosity injection molding mainstream offer was about 18800.00 yuan / ton, a decrease of 0.53% compared with the average price level at the beginning of the month.

 

Analysis of influencing factors:

 

PA66 upstream adipic acid domestic market continued last month’s weak market, price fluctuations. According to the data of business agency, the spot price of adipic acid in the market has changed little since July, and the mainstream quotation in East China is generally maintained at around 6500-6800 yuan / ton. In terms of cost, Sinopec’s listed price of pure benzene has been stable recently, and the price of pure benzene in Shandong has rebounded slightly, and the market mentality is slightly poor. At present, it is difficult for the international oil price to rise sharply. It is estimated that the oil distribution price will fluctuate around $40 per barrel in July. In addition, the port inventory of pure benzene is still high, and the large-scale units repaired in the early stage have been restarted, and the market supply pressure will continue to increase in the later period. The load of downstream phenol ketone was reduced due to maintenance, which further reduced the pure benzene. Affected by the pure benzene callback on the cost side, the support of adipic acid price is weakened, which does not rule out that the price of adipic acid will continue to fall. What’s more, there is still no good in the demand side, so it is not ruled out that the adipic acid price may continue to explore lower.

 

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The upstream adipic acid generally supports the cost side of PA66. Last month, the price of PA66 market rose due to the decrease of spot stock in the market, and the long overdue market price of PA66 market turned warm. In July, the tight spot market situation has improved, but the floor supply is still relatively small. Recently, it is said that in the production stoppage of Liaoyang Xingjia, the operating rate of Shenma industry is about 80%, half of Huafeng Group’s units are shut down, and half of Dandong Youxian technology’s units are shut down. Although some offers have recovered, the resistance to shipment is still there, and the actual transaction is still relatively small. Downstream factories are more resistant to high price goods, and the improvement degree of transaction is limited.

 

Future forecast:

 

Business agency analysts believe that: in early July, domestic PA66 market was adjusted in a narrow range. The spot price of adipic acid in the upstream runs smoothly at a low level, which cannot support the cost of PA66. The lower reaches have some resistance to high price goods, the domestic market supply is tight and the actual trading is insufficient. Both of them have limited improvement. It is expected that the PA66 market will continue to run smoothly in the short term.

Gamma Polyglutamic Acid

Break the calm, butadiene market price slightly higher

The domestic butadiene market rose slightly. According to the price monitored by the business agency, the domestic butadiene market price was 3473 yuan / ton at the beginning of the week and 3495 yuan / ton at the weekend, with an increase of 0.64% during the week. The price was 8.04% lower than that of the same period last month and 58.67% lower than that of the same period last year.

 

This week, the domestic butadiene market rose slightly, and there was a certain demand in the downstream. In addition, the online export of North China brocade was suspended during the cycle, and a small number of high turnover sources of goods boosted the atmosphere of the spot market, and speculation went up. With the rising market in northern China and the news that Shandong Huayu polybutadiene rubber plant is expected to restart, businesses in East China are reluctant to sell at low prices and offer high prices. During the cycle, northern suppliers’ prices rose, and in the middle of the week, it was heard that some European goods were traded in China and South Korea at slightly higher prices, which supported the firm domestic spot offer. Under the support of short-term supplier and external information, it is difficult to find low-cost goods in the market, but high-end prices in the market are waiting for downstream inquiry to follow up, so it is difficult to make large-scale transactions.

 

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In terms of enterprises, Sinopec East China butadiene supply price is stable at 3600 yuan / T; Liaotong chemical’s 120000 T / a butadiene extraction unit shut down for minor inspection on July 8, and it is estimated that the restart time will be at the end of this week, and the period will be temporarily wireless for export; Tianjin Zhongsha 200000 t / a butadiene unit will be shut down for maintenance on May 9, and the upstream unit will be restarted on July 9, which is expected to be produced by butadiene products by the end of this week A small amount of coal butadiene was exported, and the price was 2960 yuan / ton as of July 9, up 350 yuan / ton month on month; Dalian Hengli butadiene was sold normally, the price was 3470 yuan / ton as of July 9, and increased by 160 yuan / ton compared with the previous period; the butadiene plant with 70000 tons / year in Jiutai, Inner Mongolia, operated at low load, the listing price was increased by 250 yuan / ton to 3650 yuan / ton as of July 9.

 

Industrial chain: styrene butadiene rubber: this week, the mainstream ex factory prices of domestic emulsion polymerized styrene butadiene rubber sales companies were adjusted, among which the mainstream styrene butadiene rubber price dropped by 200 yuan / ton, and the oil rubber price was stable.

 

CIS polybutadiene rubber: this week, the mainstream ex factory supply price of high CIS polybutadiene rubber in China remained around 8400 yuan / ton, with some large regions rising by 200 yuan / ton in other regions.

 

In the short-term, the main downstream start-up of butadiene is high, and the demand will bring certain support to the butadiene market. This week, the market situation has pushed up, and the supplier’s price performance is strong. Under the condition of no obvious short-term inventory pressure, the manufacturer’s intention to reduce the quotation is not strong, and the supplier’s price still supports the market. However, at present, the domestic spot supply is relatively abundant and some units in the north will recover next week. Under the influence of high market price and difficulty in large-scale transaction, the supply and demand fundamentals of butadiene are favorable and the boost is limited. The butadiene analysts of the business society predicted that under the guidance of the supplier, the market offer may remain relatively firm, but the transaction follow-up situation is still worthy of attention; the pressure on the market to continue to rise is obvious, and it is suggested to pay close attention to whether the mainstream supplier price policy can bring sustained boost to the market.

Gamma Polyglutamic Acid

Crude benzene market price rises again this week (July 6-10)

From July 6 to 10, 2020, the crude benzene market will rise back to the level at the beginning of the month. The factory price in North China will be 2346.67 yuan / ton at the beginning of the week and 2531.67 yuan / ton at the weekend, with a weekly increase of 7.88%.

 

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This week, the price of pure benzene market remained stable as of the end of the 10th day. Sinopec implemented 3100 yuan / t spot exchange and Sinopec Huabei implemented 3050 yuan / T, which were flat compared with last week. In terms of pure benzene social inventory, this week continued to rise to nearly 240000 tons, with more vessels in Hong Kong, and it is expected that the inventory will still rise next week. The operation of pure benzene unit was flat compared with last week, and the spot market was under pressure. In terms of external market of pure benzene: the external market of pure benzene in Asia rose slightly this week, FOB Korea increased by 3 USD / T compared with last week, and CFR China increased by 11 USD / T compared with last week. Fundamentals are good for the crude benzol Market. This week, the bidding price has been greatly increased and returned to the level at the beginning of this month, and the markets around the country have followed.

 

In terms of downstream demand, affected by the cost pressure, the operating rate of hydrogenated benzene enterprises decreased slightly this week, about 5% lower than last week, and the overall operating rate was still low, which slightly contradicted the high price of crude benzene. As of Friday, the price of crude benzene for processing in Shandong was stable, with a range of 2535 yuan / ton, up 185 yuan / ton compared with last week.

 

In the aftermarket, the business agency believes that crude oil price fluctuates slightly and the pure benzene market has a certain positive effect, but the market wait-and-see sentiment is strong, the pure benzene inventory is high, and the downstream hydrobenzene enterprises’ cost pressure is high, which is difficult to support the crude benzene price to continue to go up. It is expected that the crude benzene market will be mainly sorted out in the near future.

Gamma Polyglutamic Acid