Price Trends

The overall operating rate will move down, which will support the MMA market to some degree.

• MMA
• China
• Import

Weekly offers and analyses for chemicals this week are as follows:

• Weekly
• Offers

Ex-works prices in South China were in the range of RMB 13,000-13,200/mt, increasing RMB 120/mt.

• Benzene
• Cyclohexanone
• Fiber

Some producers tried to stimulate the operating rate by reducing glacial acetic acid prices.

• Glacial Acetic Acid
• Price

The average price was RMB 4,445/mt, down RMB 267/mt week on week.

• Acetone
• Price

As for producers adopted acetone method, they saw certain profits, but the environmental protection supervision and weak demand restrict...

• Isopropanol
• Acetone
• Propylene

This week, some rutile titanium dioxide producers raised offers slightly while the negotiation prices remained weak.

• Titanium Dioxide

On the whole, the Chinese butanone market will continue to be weak in the short term and market prices may inch down.

• Butanone

Weekly offers and analyses for chemicals this week are as follows:

• Weekly
• Offers

First, the operating rate of downstream industries of glacial acetic acid improved, and the demand for glacial acetic acid was fairish.

• Glacial Acetic Acid
• VAC
• BAC

In South China, prices were in the range of RMB 12,800-13,000/mt in cash, up RMB 20/mt W-O-W.

• Cyclohexanone
• Price

Closing prices for phthalic anhydride (naphthalene method) were RMB 6,500/mt, down RMB 100/mt or 1.52% week on week.

• Phthalic Anhydride
• O-xylene

Given the unbalanced supply and demand, holders were bearish about the coming market.

• Acetone
• Phenolic Ketone

The overall supply will be largely stable.On the whole, the Chinese adipic acid market will continue to move sideways next week.

• Adipic Acid
• Benzene

With the declines in glacial acetic acid, VAC market see more bearish sentiments.

• VAC
• Glacial Acetic Acid

Weekly offers and analyses for chemicals this week are as follows:

• Weekly
• Offers

The Chinese IPA market was weak this week.

• IPA
• Isopropanol

Forecast: The overall supply in the Chinese phenol market is ample and prices of raw materials are largely stable.

• Phenol
• Benzene

The production of PTA increased from last year and the demand volume for glacial acetic acid increased year on year.

• Glacial Acetic Acid
• VAC
• PTA

According market players, the unit in CCS will restart and the overall supply of acetone is expected to increase.

• Acetone
• MIBK