Chemical market slightly back

The domestic chemical product price index (CCPI) fell 0.2 per cent to 4,921 as of March 10.

In the monitoring of important chemical products, a total of 21 products increased, accounting for 33.9%, the leading products were acetone (4.2%), maleic anhydride (3.8%) and hydrogen peroxide (3.3%); A total of 31 products fell, accounting for 50 percent, followed by TDI (5.8 percent) and 1, 4-butanediol (4.2 percent).

Acetone market is running strong. Week port inventory to maintain low, the market supply is a little tight, the focus of the market discussion continues to climb. The phenol ketone factory is below the profit and loss line, the gross profit space of the downstream industry is slightly narrowed, and the enthusiasm for raw material procurement is limited. Acetone is expected to continue strong operation in the future.

The maleic anhydride market is moving higher. The price of n-butane fell slightly, which reduced the cost support of maleic anhydride. Although the production of maleic anhydride increased slightly, there is still a gap in the supply of liquid maleic anhydride. The supply of mainstream maleic anhydride manufacturers is overall tight, which supports the rising new price. The price of maleic anhydride is expected to continue to narrow on the future.

The hydrogen peroxide market continues to rise. Many ground to improve, but low inventory, enterprise quotation firm to maintain. Shandong water enterprises delayed the resumption of production, the main downstream purchasing strength, enterprise shipments are good, the next half week local offers continue to push up. East China, such as Jiangsu and Zhejiang, is generally trading, traditional downstream demand support is stable, and price adjustment is cautious. Future hydrogen peroxide market is expected to slow down, transaction center of gravity consolidation.

TDI market weakness downward. Manufacturers' stocks are generally low and offers are rising. Downstream terminal procurement wait-and-see atmosphere, limited follow-up. Traders shipping mentality is not reduced, to speed up the sale of profits. Short - term TDI market is expected to run weak.

The BDO market extended its decline. Current manufacturers still support the market mentality, the main contract for the single, and some of the goods began to yield profit shipping. The following situation of downstream orders is general, the enthusiasm of purchasing is not strong and the price is low, and the atmosphere of actual single trading is light. Short - term BDO market is expected to be weak.

Overall, the first two months of this year, the global economic situation is not good, domestic exports continue to pressure, foreign trade situation is grim. The domestic economy is recovering, but full recovery will take time. It is expected that the short - term chemical market is still dominated by small shocks