Market Analysis - Weekly Report - May 30th to June 2nd, 2022- Hot Products

Market Analysis - Weekly Report - May 30th to June 2nd, 2022- Hot Products

Acetic Anhydride

This week, the domestic acetic anhydride market is temporarily stable. As of June 2nd, Shandong area was delivered with reference to 8200-8300 CNY/ton, and the local mainstream transaction price in East China was 8400-8500 CNY/ton. This week, the raw material acetic acid rose steadily and slowly, and the methanol market fluctuated, and the cost still had some support; At the beginning of the week, under the pressure of cost, Wang Long's offer was raised, which led to an increase in the focus of negotiations in the East China market.

https://www.echemi.com/zycms/701017.html

Vinyl Acetate

This week, the domestic vinyl acetate market consolidated at a high level, and moved higher locally near the weekend. As of June 2, the current mainstream turnover in North China is 14,700-16,500 CNY/ton; The current mainstream turnover in East China is 14900-16300 (calcium carbide method) 16500-17000 (ethylene method); The mainstream price in South China is 15,800-16,500 CNY/ton. Sinopec's listing price is temporarily stable this week. The shutdown overhaul of Nanjing Celanese plant is expected to be about two weeks, and the shutdown overhaul of Shanghai Petrochemical on June 1 is expected to be one month. The superimposed foreign devices have not recovered due to force majeure, and the export of enterprises has increased.

https://www.echemi.com/zycms/701018.html

PVC

In the week of June 1, the spot export price of PVC in the United States fell by $120/ton. According to the production limit agreement reached in June, the FAS Houston price was $1,600/ton. FAS assessed prices at $1,620-$1,630/t, an increase of $20/t in the range of $1,600-$1,610/t due to additional costs for transporting and packing goods for storage in warehouses. Market sources said buyers were mostly on the sidelines and reluctant to buy because they had yet to ship out the volumes they bought and packed in April and May.

 https://www.echemi.com/zycms/700986.html

ABS

The Chinese ABS market was weak and volatile this week. At the beginning of the week, the domestic styrene center of gravity in the upstream continued to move upwards, individual petrochemical companies reduced their losses, and the downstream demand performance was still poor. Ordinary ABS has faced meager or negative profits, and high-end ABS profits are relatively better. Industry starts showed a downward trend, and the fundamentals showed a weak trend at the end of the month.

https://www.echemi.com/zycms/701072.html

Fuel Oil

The average price of high-sulfur 180CST in Singapore this week was US$654.72/ton, down US$0.17/ton or 0.03% from the average price of last week. The average price of high-sulfur 380CST fuel oil was US$611.09/ton, down US$12.59/ton or 2.09% from the average price of last week.

https://www.echemi.com/zycms/701039.html