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

Weekly Report (June 07 to June 11) of Hot products 

Ethylene Glycol:

This week, the Asian ethylene glycol market fell due to weak demand in the traditional off-season. The European Commission announced a temporary anti-dumping duty on May 14, and it is expected to be officially announced on June 14. According to European traders, at least30,000-40,000 tons of cargo are currently scheduled from Asia. The import volume is arranged in response to anti-dumping levies leading to a shortage of supplies from the United States or Saudi Arabia. Trade sources pointed out thatanti-dumping announcements have forced a shift in global product flows. Both the United States and Saudi MEG will shift from Europe, and Asia is expected to continue to Europe. export product. Due to the low cost ofoil, most production costs in Asia have fallen. Currently based on low-cost ethane feedstock, MEG in the Middle East and the United States is expected to set a floor price for the MEG market, while coal and methanol processes are less competitive than other producers. Read more about:

https://www.echemi.com/zycms/253643.html

Propylene Glycol:

The domestic propylene glycol market rebounded this week, up 7.43% from last week. As a whole, the supply side was slightly tight during the week, with Tongling plant running at half load and Shunxin resuming feeding from 6.10, making the overall supply side favorable. The demand side, downstream raw material inventory is low, after the market droppedto 14800 CNY/ton, downstream wait for the opportunity to just need toconcentrate on replenishment, the spot is tight, drive propylene glycol factoryorder delivery, some export orders continue to be acceptable, the market center of gravity rebounded favorably, so far the market of propylene glycol in Shandong region accept the actual order reference 15600-16000 CNY/ton, East China region propylene glycol market accept the actual order reference 15900-16400, and the market of propylene glycol in South China is 16400-16800 CNY/ton. It is expected that next week, most of the factories will mainly deliver the previous orders, and the gravity of propylene glycol market is expected to stabilize and actively receive orders. Read more about:

https://www.echemi.com/zycms/253621.html

Acetic Acid:

Asian markets: Chinese acetic acid fundamentalswere bullish this week on healthy domestic demand and tight local supply.Tianjin Bohai Yongli's 350,000 mt/y acetic acid plant was briefly shut downthis week and is expected to restart between June 11-13. Meanwhile, acetic acidproduction in northwest China and Shandong resumed early this week, easinglocal supply constraints. In Southeast Asia, demand for acetic acid has beenlargely weak as the outbreak has not been contained, sources said, adding thatin India, a major consumer in South Asia, local consumption has yet to recoverdespite the easing of embargo norms. Domestic prices in India were heard to be103-104 Rs/kg, and importers were wary of purchasing shipments at high prices.Read more about:

https://www.echemi.com/zycms/253628.html

Isopropyl Alcohol：

This week, the domestic isopropanol market hasslightly declined after a stalemate. As of June 11, the mainstream offer ofisopropanol market in East China was at 6950CNY/ton, down 50 CNY/ton from theend of last week. Near the end of the week, although acetone to maintain a lowlevel, but due to the coming Dragon Boat Festival, the two sides of theoperation intentions to turn light, most of the transitional mood ofwait-and-see, waiting for the operation after the festival, so the center ofthe isopropyl alcohol market has weakened but the decline is limited.Read more about: 

https://www.echemi.com/zycms/253612.html

Ethanol:

This week, the domestic ethanol market wasstable to the upside. The northeast region is stable, with some units not yetin operation and manufacturers' inventories slightly tightened. Downstreammarket sentiment is still acceptable, transactions are more cautious, and mostof the stockholders maintain a wait-and-see attitude. Shandong region tradingmoderate, some manufacturers follow the market small increase, manufacturersshipments are relatively smooth, the overall inventory is not high, theindustry's attitude of wait-and-see.  Read more about: 

https://www.echemi.com/zycms/253610.html