Market Analysis- Weekly Report- June 15 to June 18, 2021- Hot Products

Market Analysis- Weekly Report- June 15 to June 18, 2021- Hot Products

EDC

On June 17, Asian dichloroethane spot market sentiment remained bearish, with limited spot transactions. Taiwan's Formosa Plastics Corporation has issued a tender for thesale of 5,000 metric tons of EDC in July, and the tender will be closed on June18. Trade sources expect that Asian spot prices will fall due to downstream price declines and the bearish outlook. Read more about: 

https://www.echemi.com/zycms/259212.html

PVC

Asian quotations inJuly are expected to fall by US$100/metric ton from June. U.S. housing startsrose in May, and building permit authorizations fell. In the week of June 16,the US spot export PVC price was assessed to remain unchanged due to continuedtight supply and stable prices. The price is estimated to be 1,595-1,605USD/metric ton FOB Houston. Sources in the Asian market expect that July’s newquotations will be announced in the week of June 21, but US sources said thatgiven the continuing supply problems in the region, US pricing is not expectedto follow up soon. Read more about: 

https://www.echemi.com/zycms/259201.html

PX

This week, the PX market rose slightly this week, and the market price fluctuated and closed up. From the perspective of macro market entry, the economic recovery at the beginning of the week stimulated the increase in oil demand, and new progress was made in the Iranian nuclear negotiations. The supply of Iranian crude oilmay increase, suppressing market sentiment, and crude oil showed mixed fluctuations. Later, with the increase in vaccination rates, world-renowned commodity traders are more optimistic about demand, and oil prices have risensharply because of insufficient supply to meet demand. Other agencies have also raised their oil demand forecasts. Read more about: 

https://www.echemi.com/zycms/259245.html

DMF

This week, the domestic DMF market continued to be stable. Stable operation of the factory is the main focus, inventory pressure is controllable, normal shipments within the week, and stable price sales are the main focus. The downstream slurry start-up has not changed much, and the raw materials just needed to be purchased are acceptable. Some end customers enter the market to replenish the goods, whichsupports the increase in local purchases. Read more about: 

https://www.echemi.com/zycms/259231.html

DBP

This week, the domestic DBP market trend is negative, the shipmentsituation is not satisfactory. At the off-season stage, the terminal PVC softproduct industry is not strong in production and sales, and there is a partialreduction of negative phenomenon, the demand for DBP continues to shrink. Andfacing high prices DBP, resistance is also increasing, facing resistance toshipments, the industry is also under pressure. Read more about: 

https://www.echemi.com/zycms/259221.html

DOP

This week, the domestic DOP market gravity fell, the trading atmosphereis sluggish. On the basis of the off-season, terminal demand is weak, coupled with cost factors, resistance to high-priced DOP is also obvious, facing high shipping resistance, merchants are also some concessions. Read more about: 

https://www.echemi.com/zycms/259222.html

TDI

The price of TDI dropped slightly this week. As of Friday, the delivery of domestic products in East China with tickets is around 13,000 CNY/ton, and the delivery of Shanghai goods with tickets is around 13,400 CNY/ton, which is 0-200 yuan/ ton lower than before the holiday. Read more about: 

https://www.echemi.com/zycms/259217.html

MDI

This week, the domestic polymeric MDI market as a whole rose, as ofFriday, Shanghai barrels with tickets in East China reference 17,200 CNY/ton,Wanhua barrels with tickets out quotes reference 17,500 CNY/ton, compared withthe previous Friday 500-800 CNY/ton. Read more about: 

https://www.echemi.com/zycms/259209.html

PTA

This week, the PTA market fluctuated widely, and the market priceadjusted slightly. As of June 18, the PTA spot market price was 4,665 CNY/ton,a month-on-month increase of 7 CNY/ton, an increase of +0.15%, compared to theprevious Friday's PTA spot market price. From the perspective of the upstream crude oil market, early this week, the economic recovery stimulated an increasein oil demand, and new progress was made in the Iranian nuclear negotiations.Read more about: 

https://www.echemi.com/zycms/259246.html

BDO

The decline of the domestic BDO market has slowed down significantly this week. As of Friday, the mainstream negotiation of bulk sources in East China was RMB 16,300-16,700/ton,and the average price fell by RMB 500/ton from the previous month. Read more about: 

https://www.echemi.com/zycms/259205.html