Market Analysis - Monthly Report - May, 2022- Hot Products

Market Analysis - Monthly Report - May, 2022- Hot Products

Epoxy Resin

This month, the domestic epoxy resin market showed weak fluctuations. The high level of crude oil in the first ten days has obvious support for the cost of petrochemical products, and the cost of resin is supported by the increase of raw materials bisphenol A and epichlorohydrin. In addition, due to the rise in transportation and other costs in some areas, the offers of resin factories are mostly raised, but the cost of solid resin is not well transmitted, and price fluctuations are limited.

https://www.echemi.com/zycms/694737.html

Methanol

In May 2022, the price index of methanol and downstream industrial chain of ECHEMI Information was mixed. As of May 31, the price index of ECHEMI Information Methanol Industry Chain closed at 4437 points, up 3.52% from the same period of last month. In May, methanol and downstream products within the monitoring range of ECHEMI Information went up and down, among which acetic acid rose the most by 37.33%, and methane chloride fell the most by 19.35%.

https://www.echemi.com/zycms/694730.html

Acetic Acid 

Asian acetic acid market as a whole rose in May. During the month, Ineos Nanjing, Shandong Yankuang, Guangxi Huayi and Nanjing Celanese overhauled several acetic acid plants, and the Asian acetic acid market price rose driven by the sharp reduction of China's supply. However, due to the high inventory in Indian ports, about 80,000-90,000 tons, the purchase intention price of Indian buyers is far lower than the domestic acetic acid price in China, which leads to light negotiations in China's export market. 

https://www.echemi.com/zycms/694729.html

Adipic Acid

In May, the domestic adipic acid market rebounded after falling. After returning from May Day, boosted by the rise of crude oil, the listing price of pure benzene of Sinopec was raised to 9,100 CNY/ton, and the cost support increased. However, with the opening of another line in Haili Zibo and the restart of Taihua plant, the supply gradually increased, while the downstream start-up load increased slowly.

https://www.echemi.com/zycms/694698.html

Acrylonitrile

In May, the domestic acrylonitrile market price rose first and then fell. After the festival at the beginning of the month, the domestic acrylonitrile price rose slightly. Crude oil prices are higher, raw material propylene prices are higher, and cost-side support is enhanced; In addition, after the restart of Colour and Haijiang plants was postponed, the operating rate of downstream ABS plants increased, the factory quotation increased slightly, and the spot market quotation followed suit.