In November, OPEC entered the implementation month of production reduction. At the same time, the Federal Reserve raised interest rates, the European Union’s sanctions against Russia were about to take effect, the support below the oil price increased, the large market rebounded, and some petrochemical products followed the correction and rebounded. Although macro -favorable release is good for subsequent infrastructure and real estate industries, the current long and short uncertainty is large, and the terminal demand may have obvious transfer.
As of November 21, up 19 products, down 29 products, flat products 2, among which the rising range of products are butadiene, styrene, diethylene glycol, ethylene glycol, butanone, soft foam polyether, acetone, butyl acrylate, solvent xylene, propylene oxide and so on; The products with a large decline range are aniline, propylene glycol, pure MDI, methylene chloride, DMC, phthalic anhydride, acrylic acid, neopentyl glycol, isobutyral and so on.
Crude oil
The WTI closed at $ 80.08/barrel on the previous trading day, and the previous trading day closed at $ 87.62/barrel. Last Friday, because the market was concerned about demand, oil prices fell all the way, and the decline was large. The market is expected to pay attention to economic issues and continue the vulnerable market in the short term.
Titanium dioxide powder
According to the feedback of manufacturers, the current market turnover has not changed significantly. From the perspective of demand, the current downstream stock demand is mainly, and the buyers are still cautious and purchase strictly on demand. Supply side, the current manufacturers basically maintain the original start, the supply side of the market is still relatively loose. At present, the price is at a low level and the cost has gone up. The supporting effect of the cost has gradually emerged. Many manufacturers have announced price increases to ease the cost pressure. Comprehensive consideration of market conditions, the current transaction price is mainly stable, some goods tight model prices or have increased. Tight small factory price is higher than the mainstream average price. Recent concerns about the transmission of upstream cost changes to prices.
Alcohol ether
ThEB price operating range is RMB 8100-8300/ton, and the price operating range of East China DB bae domestic EB/DB market has stopped falling at a low level, and transactions have yet to be followed. The East China rrels is RMB 10300-10500/ton.
Acrylic emulsion
In terms of raw materials, the probability of the prices of acrylics next week is relatively large and narrow -range adjustment. The pyroylene may continue to fluctuate at a high level. In terms of methamphetamine, it may be consolidated. In terms of supply, the overall supply of the emulsion market is sufficient, and the industry’s construction load or maintenance remain unchanged. In terms of demand, the enthusiasm of the downstream stock preparation is still weak, and it may still exist after the need to enter the market. It is expected that the probability of consolidation of acrylics will be stable next week.
Post time: Dec-01-2022