Market Analysis - Weekly Report - February 14th to February 18th, 2022- Hot Products

Market Analysis - Weekly Report - February 14th to February 18th, 2022- Hot Products

Stearic Acid

This week, China's stearic acid market rose broadly. During the week, the palm oil price fluctuated at a high level, and the spot market also fluctuated and rose. The cost support was strong, the on-site low price decreased, the downstream demand followed up slowly, and the transaction was limited.

https://www.echemi.com/zycms/491309.html

Glycerol

China's glycerol market continued to rise this week. During the week, the external market of 80% crude glycerol in Asia continued to rise, closing at US $950-1100 / ton CIF China. Among them, the quotation reference in Southeast Asia is about 1050-1150 US dollars / ton CIF China, and the quotation reference in South America is 950 US dollars / ton CIF China. Due to the low spot inventory of glycerol in the field, some Chinese refiners still have the intention to take over the high price crude glycerol, but most of them are cautious and wait-and-see in the field, and the transaction is limited.

https://www.echemi.com/zycms/491294.html

Butanone

This week, China's butanone market fluctuated in a narrow range. The overall recovery of terminal demand is slow, the market continues to rise and the performance is weak. During the week, although the quotation of CNPC manufacturers increased slightly by 100 CNY/ton, and the quotation of traders also followed up the rise, it is difficult to raise the downstream procurement demand and clinch a deal at a high price. 

https://www.echemi.com/zycms/491520.html

DMF

This week, the high level of China's DMF market fell. Due to the slow recovery of terminal demand after the festival and the low purchase intention of the downstream for high prices, the market transaction atmosphere was light. During the week, the offer of main manufacturers in Shandong was reduced by 600 CNY/ton to stimulate downstream buying, some middlemen entered the market on bargain hunting to replenish goods, and the pressure on factory inventory was temporarily relieved.

https://www.echemi.com/zycms/491458.html

Propylene Glycol

This week, the focus of the China's propylene glycol market was reorganized. The factory delivered pre-orders mainly, the transaction of new orders slowed down, and the price stabilized. Although the factory's open market has increased, the actual orders have stabilized. From the perspective of the supply side, the Jining stone plant restarted on Friday, Zhongke Huian returned to normal, the industry started to increase, and the supply side increased the volume accordingly, releasing the negative. 

https://www.echemi.com/zycms/495409.html