Price Trends

Summary: The acetone market probably will not drop next week, and supported by upstream, international market, demand and market mindset...

• Acetone

Up to November 23, 2017, the closing prices for isopropanol in Jiangsu were in the range of RMB 7,300-7,350/mt, up RMB 75/mt or 1.

• Isopropanol

According to ECHEMI, the average ex-works price of methylene chloride in Shandong was RMB 2,440/mt in 2017, which was up 23.79% Y-O-Y. The average ex-works price of methylene chloride in Jiangsu and Zhejiang was RMB 2,792/mt, which was up 34.75% Y-O-Y.

• Methylene Chloride

The closing prices for phthalic anhydride produced from naphthalene were in the range of RMB 7,800-7,900/mt, up RMB 250/mt or 3.

• Phthalic Anhydride

Up to November 23, the closing prices in South China were in the range of RMB 23,000-23,200/mt.

• MMA
• Acrylonitrile

It is predicted that the Chinese phenol market will move marginally at highs next week.Players should focus on the supply changes.

• Phenol
• Benzene

With the stronger financial feature and higher expectations for futures market, the futures of ethylene glycol will be listed in 2018.

• Polyester
• Ethylene Glycol

The overall operating rate was low.Dyes producers’ sales pressure got high.Hence, producers will cut the operating rates.

• Dyes

Phthalic Anhydride Market Review: The phthalic anhydride market continued moving up.

• Phthalic Anhydride

On the whole, the support to the isopropanol market from the acetone market will continue next week.

• Isopropanol
• Acetone

The average price for methylene chloride (from Jinling in barrel) in South China was RMB 4,380/mt, up ...

• Methylene Chloride

Forecast: The international benzene market will keep fluctuating at high levels, and the Chinese benzene market will move marginally.

• Cyclohexanone
• Benzene

But the downstream demand is also weak. It is predicted that the titanium dioxide market will move marginally in the short term.

• Titanium Dioxide

Taking the MMA market in East China as the example, mainstream dealing prices were in the range of RMB 21,500-21,800/mt.

• MMA

From January to September 2017, China imported 171,180.13mt of polymeric MDI in total, which was up 6.85% from the same period of last year.

• MDI
• Polyurethane
• Import

“Winter’s coming”, which means another wave of strict environmental regulation will occur, so many chemicals will be influenced in China. Adipic acid may be one of them.

• Adipic Acid
• Benzene

On the whole, the acetone market will continue to move marginally in November. Players should focus on the buying interest. If the crude oil market rebounded greatly, the acetone market may rebound slightly.

• Acetone

The liquid ammonia market gets soft, and the support to the nitric acid market is weak. The downstream demand for nitric acid is stable and thin. It is predicted that the negotiation prices for 98% nitric acid will be in the range of RMB 1,550-1,650/mt

• Nitric-Acid
• Aniline
• TDI

In November, most Chinese TDI units will run normally and the supply will increase. It is heard that the TDI produced in Shanghai may be sent to other regions.

• TDI
• Polyether
• Sponge

The Chinese vinyl acetate market slumped in October. Up to October 31, the mainstream closing prices in East China was between RMB 6,700/mt and RMB 6,900/mt, slumping 14.47% from last month.

• Vinyl Acetate
• October