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Home > News > ECHEMI Focus > The collective flash crash of dozens of raw materials in the chemical market!

The collective flash crash of dozens of raw materials in the chemical market!

ECHEMI 2021-11-10

Transportation is blocked! Suspended and suspended! One night into winter!

 

The weather report showed that the cold wave continued to go south, most of the highest temperatures in the south bottomed one after another, and the strong snow center shifted to the northeast. Heilongjiang, Jilin and other localities may have severe blizzards. The Central Meteorological Observatory issued a blizzard orange warning and a cold wave blue warning.

 

According to the Ministry of Transport, as of 7:00 on the 8th, affected by snow and road icing, a total of 184 road sections in 9 provinces and cities including Beijing, Tianjin, Hebei, Shanxi, Liaoning, Jilin, Heilongjiang, Shandong, and Shaanxi were closed.

 

Among them, there are 7 highways and 7 sections in Beijing, 24 high-speed sections in Tianjin, 24 sections, 37 sections in Hebei, 47 sections in Hebei, 18 sections in Shanxi, 33 sections in Liaoning, 26 sections in Liaoning, 14 sections in Jilin, 22 sections in Heilongjiang 13 highways and 13 sections, 12 Shaanxi highways and 12 sections are closed, and the time to resume traffic is to be determined.

 


The raw materials slumped 9,000 CNY/ton!

The price of the chemical market has plummeted all the way due to the collapse of upstream coal + insufficient follow-up of downstream demand + impeded transportation.

The price of yellow phosphorus was RMB 32,166/ton, a decrease of RMB 9334/ton from the previous week.

The price of organic silicon was RMB 40,000/ton, down RMB 6,666/ton from the previous week.

Dimethyl carbonate was quoted at RMB 8,600/ton, down RMB 4675/ton from the previous week.

Phosphoric acid was quoted at RMB 12,650/ton, down RMB 4,370/ton from the previous week.

Liquid epoxy resin was quoted at RMB 31,500/ton, down RMB 4,000/ton from the previous week.

Propylene glycol was quoted at RMB 21,650/ton, down RMB 2,100/ton from the previous week.

The price of polymeric MDI was RMB 19,225/ton, down RMB 1975/ton from the previous week.

DMF quoted at 16,150 CNY/ton, down 1,700 CNY/ton from the previous week.

Butadiene was quoted at RMB 6,625/ton, down RMB 1,512/ton from the previous week.

MMA quoted at RMB 12,350/ton, down RMB 1,350/ton from the previous week.

Epichlorohydrin is quoted at RMB 18,900/ton, down RMB 1,266/ton from the previous week.

Maleic anhydride was quoted at RMB 15,050/ton, down RMB 966/ton from the previous week.

Liquid chlorine was quoted at RMB 1,227/ton, down RMB 775/ton from the previous week.

Xylene was quoted at RMB 6,300/ton, down RMB 688/ton from the previous week.

Propylene oxide was quoted at RMB 17,206/ton, down RMB 512/ton from the previous week.

 


▶Silicone: Once back before liberation!

A few days later in November, many kinds of silicone raw materials have fallen by 20,000 CNY/ton. Now the first sentence of the silicone people meeting is, how much have you lost? How much is there in Curry? Yesterday, the online quotation of some DMC monomer plants was lowered by 9,000 CNY/ton, and the external quotation was 31,000 CNY/ton. In fact, the overall fluctuation was not large, and it was the same as last week's transaction price. Other mainstream monomer manufacturers DMC will not offer prices on Monday after making big profits over the weekend. They plan to offer prices today. The manufacturers have a strong attitude to maintain stability, but there are still market uncertainties. Whether it can stop the decline and maintain stability, more attention needs to be paid to the market.

 


▶Caustic soda: fell below 5,000 yuan!

Today, the domestic market for caustic soda continues to be weak, and the Guangdong region offers prices at RMB 4500-4600/ton. There are many sources of low-priced goods on the market, the industry insiders have a strong bearish attitude, and the downstream demand is general. In addition, the Shandong liquid caustic soda market is weak, the market pessimism is aggravated, the transaction volume is limited, and the overall market center of gravity is lower. It is expected that the domestic market for caustic soda may decline slightly.

 


Upstream "crash" + downstream demand dyes green chemical industry!

The coal price at the upstream raw material end was "halved". With the addition of electricity and production restrictions, the downstream industry, manufacturing, clothing, textile, and foreign trade processing industries have suppressed demand for orders, and the market trading atmosphere is deserted. Under the double pressure, the chemical market is slumping.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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