According to monitoring data from Business Society, as of April 11, 2024, the domestic organic silicon DMC market price reference was 14500 yuan/ton. Compared with April 1 (organic silicon DMC reference was 15260 yuan/ton), the price decreased by 760 yuan/ton, a decrease of 4.98%.

From the data detection chart of the organic silicon DMC products of the Business Society, it can be seen that in early April, the domestic organic silicon DMC market showed a weak decline. After the Qingming Festival, the decline in the organic silicon DMC market has not stopped, and the overall negotiation focus of organic silicon DMC continues to move towards a low level. As of April 11th, the domestic organic silicon DMC market price reference is around 14000-15000 yuan/ton, with a decline of 3.72% in the five days after the festival.

Analysis of influencing factors

In terms of demand: Since April, there has been no significant improvement in downstream demand for organic silicon DMC. After the holiday, the trading atmosphere on the organic silicon DMC site remains weak, and downstream demand has not been boosted well. The demand side has dragged down the focus of the organic silicon DMC market and continued to decline.

On the supply side, there are relatively few new orders in the organic silicon DMC field, and the inquiry atmosphere on the field is light. The inventory of the organic silicon DMC factory continues to accumulate, and the overall supply pressure continues to rise, making it difficult for the supply side to provide effective support to the market.

In terms of cost: Currently, the metal silicon market on the raw material side is weak and declining, so the cost support for organic silicon DMC on the cost side continues to loosen.

Prediction of the future trend of organic silicon DMC market

At present, the demand for organic silicon DMC on the market remains cautious, with a strong wait-and-see sentiment and some concerns about future inventory. However, the current market price has continued to decline and has also dropped to a lower level. For downstream users who have already digested some inventory, appropriate bargain hunting and stocking orders may increase. The organic silicon DMC data analyst from Business Society believes that in the short term, the domestic organic silicon DMC market will mainly undergo narrow adjustments, and the specific trend still needs to pay more attention to changes in supply and demand news.

According to the Commodity Market Analysis System of Business Society, the price of acetic acid has recently fallen. As of April 8th, 25% liquid sodium acetate in China was priced at 803 yuan per ton, a decrease of 24 yuan per ton from 82 yuan per ton at the beginning of the month.

From the perspective of raw materials, the overall price of soda ash has been weak since April. With the completion of orders in hand by alkali plants and poor follow-up of new orders, the price of soda ash has recently adjusted narrowly, resulting in a weak and stable market.

At present, the manufacturer’s inventory of raw material acetic acid is still available, with downstream rigid demand procurement being the main focus. The market stabilized in early April.

Analysts from Shengyishe Sodium Acetate Data believe that insufficient upstream support has led to a weak upward trend in sodium acetate prices in April. It is expected that the focus of the sodium acetate market will remain stable in the future, with narrow consolidation being the main focus.

Price trend

According to the Commodity Market Analysis System of Business Society, the BOPP market price fluctuated and declined narrowly this week. As of April 6th, domestic producers and traders have reached 18 μ The mainstream quoted price of BOPP film for m is around 9583.33 yuan/ton, a decrease of about 0.26% from last week’s average price and about 0.26% from the beginning of the month’s average price.

quotations analysis

In terms of raw materials: From the above chart, it can be seen that the price of raw material PP has fluctuated and increased this month. The mainstream quoted price of T30S (wire drawing) by domestic manufacturers and traders is around 7785.71 yuan/ton, an increase of about 0.28% compared to last week. The price of raw material PP has slightly increased, and the cost support of raw materials for BOPP prices is still ongoing.

Supply: The operating load rate of membrane enterprises is still at a relatively high level, about 53%. The supply side is sufficient, and the inventory pressure of membrane enterprises increases.

In terms of demand: Downstream enterprises mostly replenish essential goods, with less replenishment and low transaction volume. They tend to remain wait-and-see, with weak trading volume and weak market demand for price support

Future Market Forecast

The overall stability of upstream raw material prices is relatively strong, and the cost side still provides support for the market. However, downstream demand enterprises are mostly just in need of replenishment, and transactions are weak. It is expected that BOPP prices will experience narrow fluctuations and consolidation in the near future.

According to the commodity market analysis system of Shengyishe, the domestic market price of ortho phthalic anhydride slightly decreased in March. As of the end of the month, the quoted price of ortho phthalic anhydride was 7587.5 yuan/ton, a decrease of 1.30% from the beginning of the month price of 7687.5 yuan/ton, and a year-on-year decrease of 12.03%

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Supply side: Stable operation of the device and sufficient supply of goods

The operation of domestic phthalic anhydride plants is stable, with a recent operating rate of around 60%. The spot supply of phthalic anhydride is very abundant, and the sales situation of phthalic anhydride manufacturers is poor. In addition, the supply of naphthalene phthalic anhydride has slightly declined, which has affected the price of ortho phthalic anhydride slightly.

Cost side: Stable price of ortho benzene with acceptable cost support

In March, the domestic price trend of ortho benzene remained stable. As of the end of the month, the price of ortho benzene was 8100 yuan/ton, which remained unchanged from the beginning of the month at 8100 yuan/ton. The supply of ortho benzene was normal, and the operation of on-site facilities was stable. In the short term, the trend of crude oil prices declined, while the price of mixed xylene remained stable. The temporary stability of ortho benzene prices provided some cost support to the phthalic anhydride market, and the price decline of the phthalic anhydride market was limited.

On the demand side: The on-demand procurement market in the DOP market has significantly declined

In March, the price trend of downstream DOP market significantly declined, with a price of 10050 yuan/ton as of the end of the month, a 14.69% decrease from the price of 11780 yuan/ton at the beginning of the month. Domestic DOP enterprises started operating generally, and domestic DOP supply was sufficient. However, plasticizer enterprises still suffered losses in profits, and downstream demand was poor. The mainstream price of DOP was 10000-10100 yuan/ton, and the downstream DOP price trend significantly decreased. For the poor procurement of phthalic anhydride, the domestic phthalic anhydride market price trend slightly declined.

Looking at the future market, the recent trend of crude oil prices is mainly fluctuating, while the price of ortho xylene is temporarily stable. At the end of the month, the downstream DOP market trend is rising. In addition, phthalic anhydride manufacturers have reported serious losses, and it is expected that the market price of ortho xylene may slightly increase in the future.

The market for nitrile rubber slightly increased in March. According to the Commodity Market Analysis System of Shengyishe, as of March 31st, the price was 15450 yuan/ton, an increase of 1.48% from 15225 yuan/ton at the beginning of the month. In March, the prices of butadiene and acrylonitrile raw materials for nitrile rubber slightly increased, and the cost center of nitrile rubber slightly increased; The low demand for downstream rubber hoses, insulation foam and other industries in the nitrile rubber industry is a strong support for the demand for nitrile. Stable operation of nitrile rubber equipment; The market situation of nitrile rubber has slightly increased. As of March 31st, the mainstream market price of Lanhua Nitrile 3305 in East China is 14500-14600 yuan/ton; The mainstream price of Nandi Nitrile 1052 is 17300~17500 yuan/ton; Shunze nitrile 3355 mainstream reported 15500~15600 yuan/ton; The mainstream price of Cebu nitrile 3365 is 14300-14400 yuan/ton.

In March, the domestic nitrile rubber plant started construction with overall stability.

In March, the prices of raw materials butadiene and acrylonitrile slightly increased, and the cost of nitrile rubber continued to support. According to the Commodity Market Analysis System of Shengyishe, as of March 31st, the price of butadiene was 11525 yuan/ton, an increase of 3.88% from 11095 yuan/ton at the beginning of the month; As of March 31st, the price of acrylonitrile was 9937 yuan/ton, an increase of 4.47% from 9512 yuan/ton at the beginning of the month.

In March, the production of downstream nitrile rubber hoses in China remained at a low level of around 60-6.2%, and the production of rubber insulation foam was around 60-6.5%. The demand for nitrile rubber has strong support.

Market forecast: Business Society nitrile analyst believes that the downstream production of nitrile rubber is stable, but the high operating costs of butadiene and acrylonitrile support the strong cost of nitrile rubber. Overall, it is expected that the nitrile rubber market may continue to rise slightly in the later stage.

The acrylic acid market rose in March. According to the Commodity Market Analysis System of Business Society, as of March 27th, the average quoted price of acrylic acid in East China was 6425.00 yuan/ton, an increase of 3.63% compared to March 1st (the reference price of acrylic acid was 6200 yuan/ton).

From the data monitoring chart of Business Society, it can be seen that the price of acrylic acid in the early stage of the month fell, mainly due to the dragging of the market by the demand side, slow follow-up of terminal demand, limited downstream new order transactions, poor receiving sentiment, and poor shipment of acrylic acid enterprises, with some discounts to promote transactions. With the rise in raw material propylene prices and increased cost pressure, some equipment on the supply side has been shut down for maintenance, leading to a decrease in industry capacity utilization. The quotes from major manufacturers have been raised, supporting the market’s price push mentality. Low priced goods on the market have decreased, and downstream inquiries are still promising. Buying continues with a strong demand for follow-up, and actual market transactions are average. As the end of the month approaches, some devices undergo maintenance and there is a shortage of spot supply, resulting in a favorable market trend on the supply side.

Cost side: According to the commodity market analysis system of Shengyishe, the reference price of propylene on March 26th was 6690.60, a decrease of 2.62% compared to March 1st (6870.75). The raw material propylene operated in a narrow range in March, and the cost side pressure of the acrylic acid market still exists.

According to the acrylic acid analyst from Business Society, the current cost impact is limited, and supply side support is temporarily in place. Downstream demand for high priced raw materials follows suit, and there is a strong wait-and-see attitude towards them. It is expected that the acrylic acid market will remain strong in the short term, and more attention should be paid to changes in supply side operations.

According to monitoring data from Business Society, as of March 25, 2024, the factory price reference for domestically produced industrial grade dimethyl carbonate is 3900 yuan/ton. Compared with March 20 (reference price for dimethyl carbonate is 3866 yuan/ton), the price has increased by 34 yuan/ton, an increase of 0.86%.

From the monitoring chart of Business Society data, it can be seen that at the end of March (3.20-3.25), the overall domestic dimethyl carbonate market showed a slight upward trend. Currently, the overall downstream demand for dimethyl carbonate has been boosted, and the overall demand side has provided some market support for the dimethyl carbonate market. The pressure on on-site supply of dimethyl carbonate has been reduced, and the overall inventory supply is controllable. The mentality of the industry is mild. As of March 25th, the domestic market price of dimethyl carbonate is based on around 3750-4000 yuan/ton.

Future analysis

At present, the demand for electrolytes and solvents downstream of dimethyl carbonate is performing well, and the overall shipment of dimethyl carbonate is good. The accumulation situation in the early stage has been alleviated, and the overall operating rate of downstream has also increased. According to the dimethyl carbonate data analyst from Business Society, in the short term, the domestic dimethyl carbonate market will mainly operate steadily with a strong trend, and the specific trend still needs to pay more attention to changes in supply and demand news.

According to the monitoring of the commodity market analysis system of Business Society, the price of potassium sulfate with a 50% content at the beginning of this week was 3316 yuan/ton, and the price of potassium sulfate with a 50% content at the end of this week was 3266 yuan/ton, a decrease of 1.31%.

The price of potassium sulfate in the domestic market has declined due to the decline in the price of raw material potassium chloride, resulting in a weak price of potassium sulfate. At present, the ex factory price of 52% Mannheim potassium sulfate powder is mostly between 2900-3300 yuan/ton, and the ex factory price in some areas is lower than the low-end price, mainly exported to other markets. Currently, the operating rate of Mannheim potassium sulfate manufacturers remains at a high level.

The domestic supply of potassium fertilizer continues to increase, with new sources of goods arriving at ports in both the north and south. Some ports have fast shipping speeds, but the total port stock is still at a high level. Downstream compound fertilizer factories have maintained a relatively high operating rate recently, but mainly rely on early order delivery, with limited new orders.

Prediction: The domestic potassium fertilizer market lacks positive support, and it is expected that the domestic potassium fertilizer market prices will mainly fluctuate and weaken in the short term.

According to the Commodity Market Analysis System of Business Society, the toluene market has seen a slight upward trend in recent days (3.11-3.18). On March 18th, the benchmark price of toluene was 7290 yuan/ton, an increase of 0.28% from the 7270 yuan/ton on March 11th.

International crude oil prices fluctuate narrowly, with toluene receiving some support

Recently (3.11-3.18), international crude oil has once again strengthened under the resonance of multiple factors, which still provides some support for the cost of toluene. As of March 15th, WTI05 contract settlement is 80.58 USD/barrel; Brent 05 contract settlement is $85.34 per barrel. The price of toluene in Asia has once again risen, providing some support for the domestic market. As of March 15th, the CFR China LC90 day toluene price was between 903-905 US dollars per ton.

Starting production of xylene temporarily stabilizes toluene and obtains necessary support

The domestic supply of xylene is stable, and the domestic PX operating rate is maintained at over 80%. The operation of the Pengzhou petrochemical plant is stable, but there are still some units undergoing maintenance, and there is sufficient spot supply. This week, the international crude oil price trend has increased, and the PX external price has risen. As of the 14th, the closing price in the Asian region is 1016-1018 yuan/ton FOB South Korea and 1041-1043 US dollars/ton CFR China. Recently, the operating rate of PX plants in Asia has remained high, with an overall operating rate of nearly 80% for xylene plants in the Asian region. The supply-demand contradiction of PX supply in the Asian region has become apparent, and the domestic xylene market price trend is temporarily stable.

Slow recovery of domestic mixed blending market, weak support for toluene demand

After the holiday, the domestic mixed blending market has recovered slowly, and the demand for toluene mixed blending has weakened. As of mid March, the national refinery operation has been around 7.3.

Toluene port inventory continues to remain at high levels, and supply pressure still exists

Domestic toluene port inventories have slightly decreased but continued to remain at high levels. As of March 8th, toluene inventories in East China were 89000 tons, while those in South China were 15000 tons, slightly lower than the previous period. However, pressure on toluene supply remains. Domestic toluene production has slightly increased, with a rate of around 7.60% as of March 14th.

Market forecast: Currently, international crude oil prices are fluctuating at high levels, and there is still support for the cost of toluene; Secondly, the recovery of demand in some downstream industries is slow, and the support for rigid demand is weak; Finally, the inventory of toluene at the port is high, and the pressure on the supply side of toluene remains. Overall, it is expected that the toluene market will mainly experience fluctuations in the later period.

According to monitoring data from Business Society, as of March 18, 2024, the reference market price of domestically produced industrial grade propylene glycol was 7866 yuan/ton. Compared with March 11 (reference price of propylene glycol was 7950 yuan/ton), the price decreased by 84 yuan/ton, a decrease of 1.05%.

From the monitoring data of Business Society, it can be seen that in recent times, the overall domestic propylene glycol market has shown a weak and declining trend. The trading atmosphere in the domestic propylene glycol market is light, with cautious new orders. The overall downstream demand for propylene glycol is weak, and it is difficult for the demand side to provide effective support to the propylene glycol market. The overall performance of the propylene glycol market is under narrow pressure and downward, and the focus of market negotiations is moving downwards. As of March 18th, the domestic propylene glycol market price is around 7800-8000 yuan/ton, with a decrease of 1.05% within seven days.

Future analysis

At present, there is a strong wait-and-see sentiment in the propylene glycol market, and the downstream buying atmosphere is quiet and cautious. Some businesses have certain concerns about the future market. The propylene glycol data analyst from Shengyi Society believes that in the short term, the domestic propylene glycol market will mainly adjust within a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.