Dropped 8,000 CNY/ton! The Price is Cut in Half!

Recently, the price of isobutyraldehyde, which has continued to soar, has gone out of the big reversal market. After four consecutive weeks of price decline, the current price is 7366.67 CNY/ton, down 6833.33 CNY/ton from the beginning of the year, a drop of nearly 50%. The price of isobutyraldehyde has bottomed out fiercely, and has fallen below the cost line of 7,500 CNY/ton, which is extremely rare.

The price of dozens of chemicals has fallen, and weak demand is the main reason

Industry insiders believe that the main reason for the "halving" of the price of isobutyraldehyde is that the terminal demand is cold. The downstream profits are thin, resulting in a negative demand, and it is expected that the short-term isobutyraldehyde market decline will be difficult to change. According to the coating procurement network, after the chemical market experienced a series of operations such as shutdown at the beginning of the year, out of stock, and high-priced purchases, dozens of chemical products finally showed a downward trend in prices. Among them, the price of isobutyraldehyde and propylene oxide per ton It fell more than 6,000 yuan, and the decline was close to half.

Isobutyraldehyde

The current price is 7366.67 CNY/ton, down 6833.33 CNY/ton from the price at the beginning of the year, a decrease of 48.12%. This round of sharp decline was mainly caused by the cold downstream and terminal demand. Its main downstream neopentyl glycol entered the off-season due to terminal demand and was under the dual pressure of production and sales, and the demand for isobutyraldehyde fell significantly. Another major downstream alcohol ester is not optimistic, and the industry operating rate has fallen below 60%. The terminal coating industry has entered the off-season due to the hot weather, and the purchasing enthusiasm has weakened. Under the pressure of high cost and low demand, isobutyraldehyde has basically fallen below the cost line.

Propylene oxide

The current price is 10366.67 CNY/ton, down 8533.33 CNY/ton from the price at the beginning of the year, a decrease of 45.15%. The downstream propylene glycol decreased by 5.62% in the month, the purchasing enthusiasm weakened, the market sentiment turned weak, and the market stalemate was weak. There is insufficient support on the cost side, the supply side has accumulated a small amount of stockpiles, and the demand side is cautiously reducing the amount to follow up. It is expected that in the short term, the propylene oxide market may run weakly.

n-Propanol

The current price is 8,300 CNY/ton, down 3,500 CNY/ton from the price at the beginning of the year, or 29.66%. The overall domestic n-propanol market showed a weak downward trend. The ex-factory prices of n-propanol in Shandong major factories were successively lowered, and the downstream demand performance was average. The trading atmosphere in the market was cold, and the price of n-propanol continued to decline.

Neopentyl Glycol

The current price is 12,233.33 CNY/ton, down 4,516.67 CNY/ton compared with the price at the beginning of the year, a decrease of 26.97%. The powder coatings downstream of neopentyl glycol are mostly used for real estate decoration building materials. Now the domestic real estate industry is in a downturn, the operating rate of powder coatings has decreased, the demand for neopentyl glycol has been greatly reduced, the enthusiasm for purchasing raw materials has declined, and neopentyl glycol has entered the off-season. 

liquid epoxy resin

The current price is 20,375 CNY/ton, down 6,125 CNY/ton or 23.11% from the price at the beginning of the year. The prices of epoxy resin-related products are all in a downward channel, and the support of resin costs is weakened. The downstream terminal coatings and electrical and electronic industries have weak demand, and the spot market trading is weak. Affected by multiple factors such as the domestic epidemic, international geopolitics, and interest rate hikes by the Federal Reserve, consumer demand is sluggish, and short-term epoxy resin demand is still limited.

n-Butanol (industrial grade)

The current price is 8000 CNY/ton, down 1266.67 CNY/ton compared with the price at the beginning of the year, a decrease of 13.67%. The sharp decline in the n-butanol market after the shock is mainly due to the operation of the plant and the downstream demand. The largest downstream market of n-butanol, butyl acrylate, was weak, and the overall downstream industry demand for tape master rolls and acrylate emulsions was flat, and gradually entered the off-season of demand.

isopropyl alcohol

The current price is 7125 CNY/ton, down 941.67 CNY/ton from the price at the beginning of the year, a decrease of 11.67%. The market price of raw material acetone fell, the market transaction was light, and the focus of the negotiation fell. The mainstream quotation of propylene (Shandong) market fell below 8,000 yuan. The purchasing power of the terminal is average, the mentality on the market is under pressure, the holder of the goods has a positive intention to ship, the offer is down, and the transaction volume of the firm is insufficient. The downstream market demand is mainly based on rigid demand, fast in and fast out, and the overall market is in a situation where supply exceeds demand.

Bisphenol A

The current price is 11,825 CNY/ton, down 1,400 CNY/ton or 10.59% from the price at the beginning of the year. With the acceleration of the downward trend of the two major downstream, the cost side softened, and the multiple negative superimposed market broke down. Zhejiang Petrochemical's auction fell significantly, and downstream terminal consumption was lower than expected, superimposed on the weak and downward trend of upstream and downstream markets, which had a significant impact on bisphenol A.

Silicone DMC

The current price is 20,420 CNY/ton, down 1,413.33 CNY/ton from the price at the beginning of the year, a decrease of 6.47%. The spread of public health events in various places has caused the terminal consumer market to shrink rapidly. The downstream is no longer willing to take over, resulting in a rapid increase in the risk of silicone inventory. The orders received by individual single factories continued to be sluggish, and the inventory was huge, so they started a price-cut promotion strategy. Due to the obvious compression of profit margins, the DMC ton price of some enterprises has officially fallen below 20,000.

The current price of hydrogen peroxide is 926.67 CNY/ton, down 503.33 CNY/ton from the beginning of the year, or 35.20%;
Isooctanol is currently quoted at 8666.67 CNY/ton, down 3166.66 CNY/ton from the beginning of the year, or 26.76%;
The current price of PA66 is 22,750 CNY/ton, down 6,650 CNY/ton from the beginning of the year, or 22.62%;
The current price of chloroform is 2887.5 CNY/ton, down 762.5 CNY/ton from the beginning of the year, or 20.89%;
The current price of acetone is 5220 CNY/ton, down 1280 CNY/ton compared with the beginning of the year, a decrease of 19.69%;
ABS is currently quoted at 12,800 CNY/ton, down 2,950 CNY/ton from the beginning of the year, or 18.73%;
The current price of PC is 16766.67 CNY/ton, down 3733.33 CNY/ton from the price at the beginning of the year, a decrease of 18.21%;
PP (meltblown) is currently quoted at 9583.33 CNY/ton, down 1266.67 CNY/ton from the beginning of the year, or 11.67%.