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The decline of domestic chemical products will not change
Views:1756 Updated:2019-05-29
Last week, the domestic chemical market continued its downward trend. The chemical price index released by Chemical Online closed at 4318 points last Friday, a drop of 2%.

Among the 160 important chemical products monitored, 82 were down, accounting for 51.2%, and the top three were TDI, caustic soda and naphthalene respectively; 38 were up, accounting for 23.8%, and the top three were respectively epoxy chloride. Propane, acetic acid and styrene; 40 stable, accounting for 25%.

From the drop chart, last week's TDI price fell by 11%, ranking first. Despite the current centralized maintenance of TDI equipment, but the early digestion, coupled with the Sino-US trade friction on the terminal market pressure, TDI market turned down.

The caustic soda market continued to fall. The leakage of the red mud dam from the Shanxi alumina plant led to the shutdown of the alumina plant in the region, involving a capacity of more than 6 million tons per year. In addition, other downstream industries such as paper and textiles have been restricted by environmental protection and trade frictions. Demand for caustic soda has shrunk dramatically, and supply and demand imbalances have caused the market to continue to fall.

The concentration of industrial naphthalene market talks fell again. At present, the whole coal char industry is not performing well, raw coal tar remains weak, and cost support is insufficient. The downstream phthalic anhydride market continued to bottom out, and the plant was shut down more, which was a big pressure on the industrial naphthalene market.

From the increase list, the market for epichlorohydrin rebounded last week. The main manufacturers Shandong Haili and Jiangsu Haixing devices have not been restarted yet, and China National Fine Chemicals Co., Ltd. is also inspecting and repairing. There are not many goods available in the market. The manufacturers do not report the market, but the market is up, but the downstream performance is not good.

The acetic acid market rebounded slightly last week. Although the Hengli petrochemical acetic acid plant has been in operation, there is no export; Shanghai Huayi and Jiangsu Thorpe have issued maintenance plans, and the supply contracted later. At the same time, the export market is improving, driving the price of acetic acid market to rise.

The styrene market has bucked the trend. In mid-May, a leak occurred in South Korea's Hanwha Total styrene plant, which has a greater impact on the Asian market. In addition, the recent decline in domestic port stocks has also supported the rise in styrene prices.

At present, the negative impact of the Sino-US trade war on the domestic and international chemical market is still continuing, and the domestic environmental protection inspectors have the momentum of the Sparks, and the terminal demand is difficult to change. It is expected that the chemical spot market will maintain a downward trend this week.