Recently, the market for organic silicon has taken a sharp turn. The current quotation is around 31,000-32,000 yuan/ton, which is almost halved from the high of 63,000 yuan/ton in early October. The quotations of Liaocheng Xianze Chemical, Shandong Dongyue Chemical, and Shandong Luxi Chemical were around 30,400 yuan/ton, which plummeted by 32,000 yuan/ton in just two months.
Towards the end of the year, the prices of various chemical raw materials suddenly plunged to high levels, and chemical products such as epichlorohydrin, neopentyl glycol, butyl acrylate even experienced “seven consecutive declines” “The spectacular situation caught the paint companies by surprise.
“7 consecutive declines”! More than a dozen chemicals are diving high!
Epichlorohydrin was quoted at 15,833 yuan/ton, falling 7 times in a row, down 3,016 yuan/ton from the previous week, or 16%. The price of raw material propylene is stable and weakening. The cost support is average. The enthusiasm of downstream phthalic anhydride is not high. There is a strong wait-and-see atmosphere. Most of them maintain rigid demand purchases. Enterprise shipments are under pressure. The weak demand side drags down market confidence. The focus of negotiations is lower.
Neopentyl glycol was quoted at 16,283 yuan/ton, falling 7 times in a row, down 2,616 yuan/ton from the previous week, or 13.84%. The market price of the upstream raw material isobutyraldehyde has fallen sharply, and the downstream demand is weak, which has a negative impact on the price of neopentyl glycol.
Butyl acrylate was quoted at 15,050 yuan/ton, falling 7 times in a row, down 1,549 yuan/ton from the previous week, or 9.33%. The raw material acrylic acid fell sharply, the n-butanol market fell due to weakness, and the cost pull was strong. The downstream industry chain as a whole has entered the off-season of demand, with construction starts reduced, demand significantly reduced, and market transaction volume sparse, unable to support the high price of acrylic resin.
Pure benzene was quoted at 6,882 yuan/ton, falling 7 times in a row, down 710 yuan/ton from the previous week, or 7.35%. Crude oil fell sharply, and the market sentiment of pure benzene was frustrated. Downstream styrene continues to fall, demand is average, corporate inventories accumulate, and the center of gravity of pure benzene moves downward.
Phthalic anhydride was quoted at 7,300 yuan/ton, falling 7 times in a row, down 525 yuan/ton from the previous week, or 6.71%. Phthalic anhydride manufacturers are having difficulty receiving orders, and downstream purchases are on demand, and prices continue to fall.
Isopropyl alcohol was quoted at 7,575 yuan/ton, falling 7 times in a row, down 366 yuan/ton from the previous week, or 4.61%. The price of raw material propylene has declined, the price of acetone has been weak, and costs have suppressed market mentality. Traders are more cautious in purchasing goods, and most downstream traders are mainly waiting and watching. The overall trading atmosphere in the market is light, and the isopropyl alcohol market quotations have fallen.
Methanol was quoted at 2,605 yuan/ton, falling 7 times in a row, down 289 yuan/ton from the previous week, or 9.99%. Mainland enterprises’ overall shipments are average, and ports are generally in the destocking stage.
Formaldehyde was quoted at 1,386 yuan/ton, falling 7 times in a row, down 150 yuan/ton from the previous week, or 9.77%. Crude oil fluctuated within a narrow range, and methanol cost support weakened. The current operating conditions of downstream plate mills are average, and demand continues to be poor. Traders are cautious in receiving goods and maintain rigid purchases, unable to provide support for formaldehyde.
In addition, chemical products such as isobutyraldehyde, adipic acid, crude benzene, and ethylene oxide have also continued to decline.
The price of isobutyraldehyde has fallen for 6 consecutive years, with a cumulative reduction of 5,000 yuan/ton, a decrease of 31.35%;
The price of maleic anhydride has fallen for 6 consecutive years, with a cumulative reduction of 2,950 yuan/ton, a decrease of 20.11%;
The price of propylene oxide has fallen for six consecutive years, with a cumulative decrease of 2,244 yuan/ton, a decrease of 13.72%;
Propylene glycol prices have fallen for six consecutive years, with a cumulative reduction of 2,800 yuan/ton, a decrease of 13.30%;
The price of hydrogenated pure benzene has fallen for six consecutive years, with a cumulative reduction of 700 yuan/ton, a decrease of 9.41%;
Dimethyl ether prices have fallen for five consecutive years, with a cumulative decrease of 322 yuan/ton, a decrease of 7.20%;
Butadiene prices have fallen for four consecutive years, with a cumulative decrease of 937 yuan/ton, a decrease of 13.41%;
Styrene prices have fallen for four consecutive years, with a cumulative decrease of 454 yuan/ton, a decrease of 5.08%;
Propylene prices have fallen for four consecutive years, with a cumulative decrease of 238 yuan/ton, a decrease of 3.10%;
Chloroacetic acid prices have fallen for three consecutive years, with a cumulative decrease of 1,862 yuan/ton, a decrease of 18.23%;
Ethylene oxide prices have fallen for three consecutive years, with a cumulative reduction of 1,600 yuan/ton, a decrease of 17.51%;
Crude benzene prices have fallen for three consecutive years, with a cumulative decrease of 479 yuan/ton, a decrease of 7.79%;
Ethylene glycol prices have fallen for three consecutive years, with a cumulative decrease of 220 yuan/ton, a decrease of 4.16%;
The price of adipic acid has fallen for three consecutive years, with a cumulative decrease of 184%.��/ton, down 1.34%;
Demand has dropped sharply, and raw materials are in decline?
To check the market situation and check the quotation, go to the Kain Industrial Additives Platform
Since late October, the prices of various upstream raw materials on the market have declined. This is a sign that prices in the chemical industry have peaked and begun to “go downhill.” This is a signal, and it also means that the chemical industry has entered a dilemma of “weak supply and demand”. The downstream terminals are cautious and mostly focus on consumption of inventory orders, with limited real trading.
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