Review of liquid chemical industry market in July

2022-07-31
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Review of liquid chemical industry market in July and market forecast in August

international market: due to the impact of abundant resource supply and weak downstream demand, as well as the continuous volatility of crude oil prices, the styrene, pure benzene, toluene and xylene markets in Asia dropped sharply in July, with quotations falling by $35, 15, 32 and 15/ton respectively; The prices of ethylene glycol and diethylene glycol increased by USD 25 and USD 20/ton respectively due to the lack of resources. At the end of July, the transaction prices of ethylene glycol, diethylene glycol, styrene, pure benzene, toluene and xylene in China's main ports were 960, 1020 (CFR), 1325, 1014, 810 and 900 dollars/ton (FOB in Korea)

1. Overview of domestic market in July: in the first and middle of July, due to the decline of crude oil and the weakening of downstream demand, especially the impact of the gradual decline of the external market price, coupled with the increase of the centralized arrival of imports, the market in South China and East China has cooled down and the price has fallen. From the perspective of research, the decline of styrene and diethylene glycol is nearly 200 yuan/ton, followed by the decline of toluene, xylene and pure benzene of 100 yuan/ton, with limited turnover; The ethylene glycol market is stable due to lack of resources. In the last ten days, with the slight rebound of the external market, the markets of toluene, xylene, pure benzene and diethylene glycol in East and South China stabilized, with little change in prices; The market of ethylene glycol and styrene has steadily increased by 200 yuan/ton due to the lack of resources and the high opening of the external market, and the sales trend is active

market forecast in February and August: the price of crude oil fluctuates frequently, and the external price also responds to the noise. To a certain extent, the purchase mentality of traders and downstream manufacturers is affected. At present, the external price of pure benzene, toluene and xylene is still in the stage of oscillation and swing, and no obvious breakthrough has been made. At the same time, there is still no turnaround in downstream demand and abundant resource supply. Recently, the centralized arrival of imported resources has increased, The intention of traders to sell goods at low prices appears, and the purchase interest of downstream manufacturers and traders is still weak. Therefore, the trend of pure benzene, toluene and xylene in August: the market of pure benzene, toluene and xylene in the first ten days was weak and oscillated, and fell in a narrow range. The test was carried out according to gb/t 531-1999~ test method for Indentation Hardness of rubber pocket durometer; Tensile strength; The market of pure benzene, toluene and xylene in the middle and late ten days was mainly shaken and consolidated. It is estimated that the market price range of benzene in August is: toluene: East China and South China; Xylene: East China, 853, South China without which the machine can not work; Pure benzene (East and South China); At present, the market trend of ethylene glycol is stable and rising slightly. In January, some petrochemical enterprises at home and abroad planned more maintenance and troubleshooting, and there was a shortage of resources in the short term. However, considering that the downstream demand has not been significantly improved, it still remains flat, and there is a sign of resistance in the short term; Diethylene glycol is driven by the rising external market and the recovery of styrene market, but the downstream demand is sluggish. At present, the market is still in a relatively tired state, and the market price is difficult to perform well in the short term. Therefore, the trend of ethylene glycol and diethylene glycol in August: in the first half of the month, ethylene glycol and diethylene glycol oscillated weakly and rose slightly; In the second half of the month, ethylene glycol and diethylene glycol are mainly consolidated by oscillation on the basis of the first half of the month. It is estimated that the market price range of ethylene glycol and diethylene glycol in August is: East China and South China; Diethylene glycol East China and South China; At present, the styrene market is in a situation of frequent fluctuations. Any good or bad news has an impact on the market trend. The arrival of imported resources increased sharply in August. Therefore, the styrene market trend in August: in the first half of the month, the oscillation was narrow and the market price fluctuated around (East China) and (South China); In the second half of the month, the market was mainly stable on the basis of the first half of the month

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