Market Flash

Downstream receipt intention continued to be light, Shandong, Shanxi and other cities at the beginning of the week manufacturers shipment is not smooth mentality loose, market prices weakened.

• Methanol

Yesterday, the domestic DOP market continued to rise, the industry was significantly affected by cost transmission, raw materials octanol and phthalic anhydride have increased.

• DOP

Yesterday, the domestic acetone market rose slightly, raw material pure benzene and propylene increased, cost support increased, traders also went on the market offer.

• Acetone

Yesterday, the domestic phenol Market offer was firm and rumors of on-site price adjustment continued. Although domestic factories did not adjust prices, but the industry was cautious, the offer was still high.

• Phenol

Yesterday, the domestic toluene Market rose. Although crude oil prices fell slightly, trade situation and oil demand worries caused by economic slowdown made oil prices under pressure.

• Toluene

Yesterday, the domestic pure benzene market continued to rise, crude oil prices fell, external prices rose and fell, Sinopec listed price increased 200 CNY/ton.

• Pure
• Benzene

US exporters of polypropylene (PP) are experiencing some logistics delays as bagging facilities along the US Gulf are operating at close to full capacity.

• US
• PP

India lowered import duties on refined palm oil from Malaysia to 45 per cent from 54 per cent earlier this year as per the Comprehensive Economic Cooperation Agreement (CECA) signed by the two countries.

• India
• import
• oil

IOC, as well as several other refiners, in the public and private sector, have amply made clear their intent to integrate their current fuel-focussed operations downstream to petrochemicals.

• India
• Petrochemical

Yesterday, the domestic styrene market was strong, the focus of discussion increased, the price level had some support.

• styrene

Yesterday, the domestic acetone market was deadlocked, downstream replenishment mood was not high, traders remained stable, some contractors were not smooth delivery.

• Acetone

Yesterday, the domestic DOP market trend rose, high-level basic trading follow-up was flat, raw material octanol continued to rise, phthalic anhydride is also robust, but DOP industry cost pressures still exist.

• DOP
• Guide

Domestic methanol continued to fall yesterday. Inventory of Northwest enterprises is still controllable, but due to the weak enthusiasm of downstream delivery, some enterprises are not ideal and prices are loose.

• Methanol
• Introduction

Yesterday, the domestic toluene market was narrow and strong, toluene inventory continued to decline, port arrival pressure was not large. Although oil prices in the two places rose and fell overnight.

• Toluene

Yesterday, the domestic pure benzene Market shocked, crude oil prices fell, external prices rose steadily, New York crude oil fell 0.5% to $55.35. Asia-US arbitrage space is still acceptable.

• Pure
• Benzene;
• Benzene
• Guide

Yesterday, domestic styrene market range shocked, port inventory slightly decreased, the market was supported, most downstream products market recovered slightly.

• styrene

Yesterday, the domestic o-phthalic anhydride market rose steadily, DOP continued to rebound downstream, which boosted the phthalic anhydride market.

• Phthalic
• anhydride

Yesterday, the domestic phenol market was still strong, the manufacturers were in a strong mood, low-price spot is difficult to find, raw materials pure benzene and propylene trend is still acceptable.

• Phenol

Domestic methanol continued to fall yesterday. Northwest overall inventory is not high, but continuous shipment is not smooth, some manufacturers price is loose.

• Methanol

Yesterday, domestic pure benzene market fell slightly, crude oil prices rose slightly, New York crude oil fell 0.8% to $55.68.

• Pure
• Benzene