The chemical market continues to fall

Among the monitored important chemical products, there were 11 rising products, accounting for 17.7%. The top rising products were methyl methacrylate (MMA 2.4%), port sulfur (2.2%) and TDI (2.0%). A total of 43 products decreased, accounting for 69.4%, and the leading products were DOP (7.9%), PTA (6.6%) and octanol (6.2%).

Last week, MMA market highs were strong. Recently, due to the impact of unplanned parking of some devices, the market can be sold spot is tight, holding goods seller selling offer continues to rise, downstream chase high purchase caution, trading just need small orders. MMA market is expected to continue high operation.

Port sulphur rebounded slightly. Domestic large refinery sulfur sales bidding results are positive, boosting market confidence, holding goods are reluctant to sell at a high price, cheap resources are difficult to find, port sulfur prices rose. Hou city port sulfur is expected to continue to explore.

The TDI market first strengthened and then weakened. Manufacturers' supply is tight, overseas demand turns better, manufacturers focus on delivering early overseas orders, resulting in a shortage of domestic supplies. Downstream manufacturers just need to buy to maintain daily work, the overall mentality is cautious. Expected short - term domestic TDI market or narrow volatility.

Last week, the DOP market fell. The price of raw material octanol rose sharply due to the impact of emergencies, and the cost rose rapidly, driving the DOP market price up significantly. The downstream resistance is heavy, the volume is less, the DOP market is under obvious pressure, and the high is quickly pulled back. Expected later market DOP market or weak fall.

PTA fell. International crude oil fell to a two-year low, and cost support was weak; In addition, the new production capacity of 2.5 million tons of PTA in Jiangsu was put into operation in early May, and the spot circulation increased. Downstream polyester factory production and marketing overall general, PTA spot purchase intention is still not high. Market PTA market is expected to consolidate mainly weak.

Octanol market wide volatility. Early octanol rose in a wide range, after which plasticizer factories followed up poorly, high orders were difficult to follow up effectively, octanol market turned downward, and the decline was continuously expanded. Toward the end of the week, as the downstream factory bargain purchase improved, octanol low gradually stabilized. Short - term octanol market is expected to maintain the sideways may be larger.