Market Analysis- Weekly Report- June 07 to June 11, 2021- Hot Products

ECHEMI Weekly Report of Hot products June 07 to June 11, 2021

Pure Benzene:

Pure benzene fell across the board this week. In Asia, since China is still the main buyer of Korean FOB goods, new supplies are expected to be launched in late June and early July. CIF prices in China and East China are relatively low, while KoreanFOB prices have been weak since 6.4. 6.9 Due to the decline in the European andAmerican benzene markets, market sentiment has weakened, but the support from China's demand has kept Korea's FOB price higher than DDP USG, while the liquidity of 6.10 Korea's FOB remained slow. Most of the increase in the previous day was offset; in Europe, buying interest slowed down, and styrene activity in the main downstream derivatives market was weak, which had little impact on spot transactions. Under the pressure of increasing downstream products and supply, the price of benzene in Europe continued to decline; In the US, with the weakening of buying interest, US benzene prices showed a downward trend this week. 6.9 Due to a slight increase in crude oil support, itreturned to the downward trend the next day. As of June 10, the Asian FOB South Korea price fell by US$16.33 to US$946/ton, the European FOB Rotterdam price fell by US$97 to US$947.25/ton, and the FOB US main port price fell by 31 US cents to 300 US cents/gallon, or 897 USD/ton. Read more about

https://www.echemi.com/zycms/253634.html

Acrylic and Butyl ester:

This week, the domestic acrylic and butyl ester market was narrowly consolidated.During the week, the price of the acid ester factory was stable. However, market participants'mentality was sluggish, and the high-level buying on the market was not smooth.Part of the profit was shipped and the focus of market discussions fell. The Yamba acrylic plant in Malaysia was unexpectedly shutdown, and the rawmaterial butanol continued to rise during the week. The support was obvious on the cost side. Some holders' low intentions weakened, the market wait-and-see atmosphere increased, and the enquiry atmosphere increased, but the marketusers chased to buy higher Discs are cautious, and just need to purchase mainly. Read more about

https://www.echemi.com/zycms/253611.html

Toluene:

This week, the toluene market in Asia, Europe and the United States of Americafluctuated. The Asian toluene market has shifted its focus, and the "CFRChina-FOB Korea "spread narrowed. At the beginning of the week, as interestin toluene purchasesin Northeast Asia weakened, the balance of supply and demand in the Asian toluene market seemed to be undergoing a subtle shift. Read more about

https://www.echemi.com/zycms/253633.html

Styrene:

This week, the intercontinental styrene market rose and fell collectively. As the equipment resumed operation in the European and American markets, the supply of styrene increased, so the price of styrene will continue to fall. Under thedownwardpressure of weak demand in the Asian market and the gradual increase in Chinese inventories, the bearish sentiment of styrene in Asia continued, and itfell for four consecutive trading days this week. The tight supply in the Chinese market since late May has eased. Although the port inventory is low, there is a trend of further increase amid weak demand. Read more about 

 https://www.echemi.com/zycms/253632.html

Polyether: 

This week, the domestic soft foam polyether market continued to fall within a narrow range, a decrease of -2.49% from last week. On the whole, the downstream off-season is obvious, the northern wheat harvest continues, the sponge factories mostly digest inventory, the overall purchase of new orders is insufficient, the market atmosphere is stalemate and weak, and the factories mainly deliver pre-orders. Read more about

https://www.echemi.com/zycms/253603.html

Ethylene oxide: 

The overall ethylene prices continued to decline, ethylene oxide cost support wasloose, the main downstream water-reducing agent monomers were flat, and themarket prices were consolidating at a low level. It is difficult to pick up before the holiday.  It is expected that the domestic ethylene oxide market may be weakened. Follow the factory news after the holiday. Read more about

https://www.echemi.com/zycms/253600.html

Maleic anhydride:

This week, the domestic maleic anhydride market rebounded higher, and the focus of negotiations invarious markets rose significantly. On the whole, although the maleic anhydride market has some support on the supply side and the cost side, but the demand side is weak, the market continues to rebound with insufficient momentum, and it is expected to maintain range fluctuations. Read more about 

 https://www.echemi.com/zycms/253622.html