The South China index is lower, and the classification index is mostly declined.
Last week, the domestic chemical product market moved down. Judging from the 20 varieties monitoring of broad transactions, 3 products have been increased, 11 products have been reduced, and 6 are flat.
From the perspective of the international market, the international crude oil market fluctuated last week. During the week, OPEC+reduced production positions firmly, and the supply of supply tighten the market; the Fed ’s interest rate hike or slowing down, which facilitates the ease of economic recession concerns and international oil prices have risen. As of December 2, the settlement price of the main contract of WTI crude oil futures in the United States was $ 79.98/barrel, which was 3.7 US dollars per barrel from the previous week. The price of Brent crude oil futures market has been adjusted, and the settlement price of the main contract is US $ 85.57/barrel, which is raised by $ 1.94/barrel compared with the previous week.
From the perspective of the domestic market, the crude oil market was dominated last week. The overall economic activities of domestic economic activities slowed down, the traditional off -season impact was superimposed, the demand was limited, and the chemical market performance was weak. According to the widely chemical transaction monitoring data, the price index of the South China Chemical Products was lower last week, and the price index of the South China Chemical Products (hereinafter referred to as the “South China Chemical Index”) within the week was 1171.66 points, which fell 48.64 points compared with the previous week, a decrease of 3.99% Essence Among the 20 classification indexes, the three indexes of acryllene, PP, and styrene rose, mixed with aromatics, toluene, methanol, PTA, pure benzene, MTBE, BOPP, PE, diopine, TDI, sulfuric acid decreased, and the rest indexes remained stable.
Figure 1: South China Chemical Index last week reference data (base: 1000), reference price is quoted by traders
Part of the classification index market trend
1. Methanol
Last week, the methanol market was weak. During the week, the installation of the pre -stop work and maintenance was resumed, and the supply increased; the traditional downstream demand was difficult to increase due to the seasonal off -season and the epidemic. Under the suppression of more and less supply, the overall market conditions continued to decline.
As of the afternoon of December 2nd, the methanol price index in South China closed at 1223.64 points, down 32.95 points from the previous week, a decline of 2.62%.
2.Caustic soda
Last week, the domestic liquid -alkali market was narrowed up. At present, the company’s inventory pressure is not great, and the shipping situation is acceptable. The prices of liquid chlorine have continued to fall. With the support of cost support, the market price is raised.
Last week, the domestic chip alkali market stabilized operation. The atmosphere of the market has maintained the early stage, the company’s stable price mentality is strong, and the overall piano alkali market maintains the trend of stability.
As of December 2nd, the soda -roasting price index in South China closed at 1711.71 points, an increase of 11.29 points from the previous week, an increase of 0.66%.
3.Ethylene glycol
Last week, the domestic ethylene glycol market continued to shake. Recently, the ethylene glycol unit has been on and off, the start of little change, but the supply side pressure is still there; Downstream demand has not been significantly improved, the domestic ethylene glycol market to maintain a low shock.
As of December 2nd, the price index in the South China diol was closed at 665.31 points, a decrease of 8.16 points from the previous week, a decline of 1.21%.
4.Styrene
Last week, the center of center of the domestic styrene market moved up. During the week, the operating rate of the factory device was reduced to reduce the supply narrow range; the downstream demand was strong, and the market was well supported. The overall supply and demand was in a tight balance, and the market price rose.
As of December 2th, the price index of the styrene in South China closed at 953.80 points, an increase of 22.98 points from the previous week, an increase of 2.47%.
Future market analysis
Oil prices are likely to remain volatile as fears of a recession and worries about the demand outlook continue to dominate the market with no further progress in OPEC+ production cuts. From the domestic point of view, the domestic economy is difficult to improve in the short term, and the recovery of terminal demand is slow. It is expected that the domestic chemical market may be weak in the near future.
1. Methanol
In the later winter, natural gas supply is the main supply, and some methanol devices have a negative or suspension of work. However, the current manufacturer’s inventory is high, and the market supply is expected to be loose. The downturn in the downstream demand is difficult to change. It is expected that the methanol market is mainly weak.
2.Caustic soda
In terms of liquid caustic soda, from the perspective of the current market situation, the main company’s inventory pressure is not great, but due to the repeated affected by the epidemic, the transportation of some areas is still limited, and the demand terminal support is not strong. It is expected that the liquid -alkali market or stabilize operation in the near future.
In terms of caustic soda flakes, the current enterprise inventory is low, but the downstream demand is still mediocre, the market price is difficult to increase, and the company’s stable price mentality is obvious. It is expected that the lattice market may be stable in the near future.
3.Ethylene glycol
At present, the demand of the ethylene glycol market has not improved, inventory accumulation, and market sentiment are empty. It is expected that the domestic ethylene glycol market may maintain low operation in the near future.
4.Styrene
Although the current demand has increased, the short -term downstream is cautious, the demand is increasing or contracted, and the market rebounds are suppressed. If there is no other good news support,styrene is expected to rise and fall in the short term.
Post time: Dec-13-2022