Wanhua Chemical's neopentyl glycol raw materials increase by 300 CNY/ton

Import arrivals have dropped significantly, the market spot supply is tight, and downstream demand is good.

Acrylic

The main downstream products are profitable and start to work well, supporting the demand for propylene, and the shipments of propylene producers are smooth. It is expected that mainstream market prices will continue to rise. Wanhua PDH is operating stably, with a price of RMB 7,200/ton this cycle.

Propylene oxide

The overall PO inventory is low, downstream purchase orders have steadily increased, and the market has stabilized expectations. Wanhua has no spot sales for the time being, and today’s PO is temporarily not quoting, only for internal customers.

MTBE

Crude oil is rising, downstream purchases are active, manufacturers have strong cost support, and individual manufacturers have stopped work for maintenance and supply tightening. Wanhua's low output is mainly for core stable customers.

N-butanol

Propylene has stabilized and rebounded, and large downstream companies have entered the market to replenish goods, and the market's focus has begun to move upward.

Neopentyl glycol

Import arrivals have dropped significantly, the market spot supply is tight, and downstream demand is good.

Acrylic and Ester

The cost of acrylate is under pressure, the actual transaction price has stabilized, and the downstream rigid demand orders have increased. Wanhua's current cycle price will be adjusted appropriately with the market price.