Market Analysis - Weekly Report - July 4th to July 8th, 2022- Hot Products

Market Analysis - Weekly Report - July 4th to July 8th, 2022- Hot Products

Ammonium Sulfate

This week, the domestic coking-grade ammonium sulfate market is weak and down. The mainstream enterprises in the market are bidding down at 5-50 CNY/ton. The current mainstream transaction price in Shandong is around 1375-1415 CNY/ton. At present, there is no obvious good demand on the market. The downstream industry maintains just need to purchase. The mentality of the industry is under pressure again. The wait-and-see atmosphere is strong. 

https://www.echemi.com/zycms/780061.html

Synthetic Rubber

This cycle, the mainstream ex-factory price of styrene-butadiene rubber in China has been lowered, and the market offer is weak. At the beginning of this month, affected by the downward adjustment of domestic mainstream supply prices, market offers followed the decline. However, downstream enterprises still need to purchase to support the market. With the wide decline of international crude oil and commodity prices, the news is bad for styrene-butadiene market mentality, and the downstream inquiry atmosphere begins to weaken.

In this cycle, the domestic butadiene market first fell and then rose, and the overall performance range fluctuated. At the beginning of the week, due to the news that Jiangsu suppliers were selling goods, the transaction of dragging high-priced goods on the market was not smooth, but the downstream just needed to follow up, and affected by the news of some devices, the news on the supply side boosted the mentality of merchants, and the downstream merchants made up their positions in an appropriate amount, which made the trading atmosphere on the market slightly improved.

https://www.echemi.com/zycms/780039.html

Acrylonitrile

Acrylonitrile prices in Asia stabilized on July 5 after falling for 9 consecutive weeks. CFR is US $1640/ton in Far East and US $1580/ton in South Asia, which has not changed this week. Producers across Asia are lowering production rates to ease pressure on profit margins due to sluggish demand, sources said, and prices in China have remained stable. Formosa Plastics plans to reduce the operation rate of its 280,000 tons/year acrylonitrile plant in Mai Qi from 80% in June to 70% in July.

This week, the domestic methanol market continued to fall, while the mainland was slightly stronger and the ports were weaker. The downward pressure on methanol futures has dealt a certain blow to the mainland market. However, the relatively strong coal prices in the mainland have oppressed the profit margins, and the maintenance plans in the main producing areas have been concentrated and the supply has been tightened. The upward adjustment of the transaction performance at the beginning of the week is acceptable.

https://www.echemi.com/zycms/780038.html