Chemical market declines moderated

In the monitoring of important chemical products, a total of 19 products increased, accounting for 30.6%, the leading products are n-butanol (11.1%), octanol (7.8%) and acrylonitrile (5.5%); A total of 37 products were decreased, accounting for 59.7%, and the top products were TDI (14.4%), 1, 4-butanediol (BDO 8.6%) and phenol (8.2%).

N-butanol market rose broadly. In Shandong, Shaanxi and other places, several sets of devices unexpectedly cut production and shut down, the industry supply further declined, and the downstream buying gas improved. The characteristics of regional differentiation are obvious, the supply is tight in the north, the price increase is larger, the rest of the region is smaller. It is expected that the future market of n-butanol upside obstacles may be larger.

Octanol market stabilized and rebounded. Unexpected fluctuations of octanol devices in Shandong increased, coupled with traffic restrictions in some areas, octanol market prices rose continuously, and the overall buying improved. Downstream plasticizer production and sales have not significantly improved, the second half of the week part of the profit to reduce the position, the market trading atmosphere is more stable. Future octanol market is expected to rise resistance.

Acrylonitrile market continued to rise. Anqing petrochemical plant shutdown maintenance, downstream performance is relatively stable. Due to acrylonitrile losses for a long time in the year, the main manufacturers have a strong price mentality, and the market price continues to show an upward trend. Acrylonitrile market is expected to rise slightly in the future.

TDI market weak collation. At present, the factory continues limited supply, the market spot is tight, the downstream conflict continues, the holder of the goods to negotiate the shipment, the actual trading focus is low. Short - term TDI market is expected to be weak.

BDO market weakness to the downside. The lack of effective guidance in the market, the industry cautious wait-and-see sentiment is strong, although the factory side keep the price intention to continue, but the downstream inquiry atmosphere is light, the mainstream offer weak downward. Short - term BDO market is expected to continue weak.

The center of gravity of the phenol market is declining. Port inventory has increased, cost support has weakened, demand is weak to follow up, traders do not go smoothly, the decline has been amplified. It is expected that the phenol market will be in the future or oscillate in the interval.

At present, the chemical market is gradually entering the traditional off-season, coupled with the serious epidemic situation in many places, the market performance of most chemical products is depressed. However, under the support of the high international crude oil, the chemical market continues to fall limited space, short-term or low hover mainly.