The chemical market is dominated by weakness and fluctuation

In the monitoring of important chemical products, a total of 19 products increased, accounting for 30.6% of the products, the leading products were butadiene (5.9%), polymeric MDI (5.6%) and TDI (3.4%). A total of 26 products fell, accounting for 41.9 percent, followed by port sulfur (6.5 percent) and acetone (5.2 percent).

The butadiene market has risen significantly. Higher external price, while the domestic new capacity supply incremental less than expected, jointly boosted the domestic spot market higher. But the downstream continuation of just need, the transaction atmosphere is slightly deadlocked, inhibit its further higher. Afternoon butadiene market is expected to rise slightly.

Aggregate MDI market turbulence higher. The maintenance of some production enterprises led to tight market supply. Force majeure occurred in the 200,000 tons/year MDI device of Koxtron in Germany, which further boosted the trend of traders' speculation. Downstream market towards the end of the year there is a part of the purchase demand, documentary atmosphere is ok. It is expected that short - term domestic aggregate MDI market or continue to rise.

The TDI market is strong. The overall supply of TDI is tight, traders have the mentality of holding back, the offer increases, and the low price orders disappear. TDI prices by the supply side to raise prices, but just demand little change. Short - term TDI market is expected to continue to run stronger.

Port sulphur market weak downward. In this week, the price of sulfur in a large refinery went down again, which impacted the market mentality. In addition, some merchants kept cutting the price and the mentality of Stockholders was unstable, so the market price of port sulfur had to keep falling. Port sulfur market is expected to continue to decline.

Acetone market wide down. New production is likely to focus on the release of news to intensify the bearish sentiment on the players, the main spot market center has been falling, buying has been lower, some buyers actively shipped out, the market decline accelerated. However, after midweek, the market stabilized somewhat on the basis of the likely delay in the release of new capacity and some low buying added support. Acetone market is expected to save a small recovery in the future.