1、 Price trend
| Benzalkonium chloride |
According to the bulk data list of business society, the average price of domestic hips on March 25 was 12533.33 yuan / ton, up 0.53% from 12466.67 yuan / ton at the beginning of the week and 5.32% from the beginning of the month.
2、 Market analysis
Hips rose slightly with the cost this week, with an increase of 0.53% during the week. The market of raw material styrene was explored, the cost side was strongly supported, the market was in a rising atmosphere, and the offer of cargo holders was tentatively increased, but the downstream inquiry was not positive after the rise, and the market trading was general. By the end of the weekend, the ex factory price of hips was mostly about 11800-14300 yuan / ton, and the price of GPPS 525 was mostly 10100-11000 yuan / ton. The PS market rose slightly during the week.
Crude oil futures fell on the international market on March 24. The settlement price of the main contract of WTI crude oil futures in the United States was US $112.34/barrel, down US $2.59 or 2.25%; The settlement price of the main contract of Brent crude oil futures was US $115.30/barrel, down US $2.45 or 2.08%. The main reason is that the EU failed to reach an agreement on the sanctions of Russian oil embargo, and there are reports that the crude oil export of OPC Caspian oil pipeline terminal may partially resume, and the supply interruption is expected to ease the pressure.
| Sodium Molybdate |
In terms of raw materials, on March 24, the reference price of styrene was 9420.00, an increase of 5.37% compared with March 1 (8940.00). The market focus of raw material pure benzene is explored, and the cost of styrene is well supported. At present, the spot supply is relatively abundant, the downstream is dominated by digestion contracts, and the spot trading is acceptable. The styrene market is expected to rise in the short term.
3、 Future forecast
The business agency believes that the current rise in raw material prices and the cost side are good for the hips market, but considering the shipment situation, the hips market remains cautious and has little short-term fluctuation.
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