Market Flash

Yesterday, the domestic styrene market slowed down, the upper and lower space of styrene was limited, the market participants were generally willing to trade.

• styrene

Yesterday, the domestic phenol market was consolidated, traders were not able to move smoothly, but still refused to concede under the cost pressure, phenol was not easy to go up.

• Phenol

Yesterday, the domestic phenol market was strong, because the demand side was still weak, factories and traders bid hard, low prices are difficult to find, but downstream just need passive.

• Phenol

Yesterday, the domestic acetone market was deadlocked. Although traders were not able to deliver high-level products smoothly, there was still a bullish mood in the future.

• Acetone

Yesterday, the domestic pure benzene market continued to rise, crude oil prices rose, New York crude oil rose 0.2% to $56.34. Asia-US arbitrage space is maintained.

• Pure
• Benzene

Yesterday, the domestic toluene market was stable, the demand for downstream oil diversion was still in existence, and the port inventory continued to decline.

• Toluene

Yesterday, the domestic styrene market was strong, the price of styrene had some support. Last week, the stock affected by typhoon dropped slightly, but after the subsequent arrival of cargo.

• Styrene

Yesterday, the domestic DOP market was weak and consolidated, with a strong attitude of caution and wait-and-see, no substantial improvement in terminal demand.

• DOP

Domestic methanol continued to fall locally yesterday. The overall inventory of Guanzhong in Northwest China is not high, and Changqing in Shaanxi Province is about to be overhauled.

• Methanol

Yesterday, the domestic o-phthalic anhydride market rose steadily, DOP continued to rebound downstream, which boosted the phthalic anhydride market, but the follow-up of the delivery is still incomplete.

• Phthalic
• anhydride

In 2019, the entry threshold of China's top 500 private enterprises was raised to 18.586 billion yuan. Among them, Jiangsu Hengli Group Co., Ltd. ranked in the top ten with 37.736 billion yuan of business income.

• private
• company

Yesterday, the domestic phthalic anhydride market was consolidated, DOP downstream declined, demand for phthalic anhydride continued to shrink, the situation of poor goods was maintained.

• Phthalic
• anhydride

Yesterday, the domestic acetone market operated in a range. Although traders were willing to bid up at the beginning of the week, there was a lack of new favorable support on the market.

• Acetone

Yesterday, the domestic phenol market was consolidated. Although the tentative offer of traders was high, there was no strong confidence in the future market.

• Phenol

Yesterday, the domestic styrene market rebounded strongly, near mid-term delivery, rising sales trend, styrene gradually supported, port inventory slightly reduced.

• styrene

Yesterday, domestic toluene market talks moved upward, the focus of toluene was upward, the quotation of power plants was mainly stable, and the purchasing atmosphere of downstream ports rose slightly.

• Toluene

Yesterday, the domestic pure benzene market continued to rise, crude oil prices rose, external prices rose comprehensively, US price rose to boost market price expectations.

• Benzene

Ethyl acetate (etac) prices in Asia have risen on the back of upstream gains, with supply expected to stay lean amid potential production losses due to high cost and tight supply of feedstock acetic acid.

• Asia
• etac

Huicong Chemical Industry Network: On August 15, 2019, Qianxi Chemical Company completed the internal purge of 12,000 tons/year dimethyl carbonate (DMC) purification unit and began to commission formally.

• dimethyl
• carbonate

On August 12, the China Automobile Industry Association (hereinafter referred to as the "China Automobile Association") released July automobile production and sales data.

• automobile
• production