Market Analysis - Monthly Report - July 2022- Hot Products

Maleic Anhydride

In July, the Chinese market price of maleicanhydride continued to decline. As of now, the price of maleic anhydride in themain producing area is about 7,100 CNY/ton. At the beginning of the month, themaleic anhydride market continued the downward trend at the end of last month.The prices of the main factories continued to decrease, and the remainingfactories followed suit. The market focus continued to move downwards, and thedownstream purchasing intention was low, and the market just needed to enterthe market. Subsequently, the wide decline in crude oil affected the market'smentality.

https://www.echemi.com/zycms/826932.html

Propylene Glycol

This month, the Chinese propylene glycolmarket fell sharply. Taking the East China market as an example, at the end ofthis month, it fell by about 4,000 CNY/ton compared with the end of lastmonth, a decrease of about 33.9%. At the end of last month, the overall Chinesepropylene glycol market showed a trend of first rising and then fallingrapidly. At the beginning of the month, supported by the increase in exportdemand, the propylene glycol market ushered in a small rise, and the price roseto the high point of the month.

https://www.echemi.com/zycms/826931.html

DBP

This month, the Chinese DBP market wasdominated by a weak and falling market. Although a short-cycle rebound wasinitiated due to the wide increase in n-butanol in the middle, the demand side wasultimately weak and difficult to change. The n-butanol weakened and the DBPmarket weakened and fell. The market center of gravity continues to decline.Taking the Shandong market as an example, the DBP market price dropped from RMB9,100/ton to RMB 8,500/ton. The main influencing factor of this marketfluctuation is the raw material side.

https://www.echemi.com/zycms/826927.html

TDI

This month, the Chinese TDI market demandwas sluggish, and the fluctuations fell. As of the end of the month, the priceof Shanghai barrels in East China was around 15,400-15,500 CNY/ton, down2,100 CNY/ton from the end of last month; 15,200 CNY/ton, down2,100-2,200 CNY/ton from the end of last month. In the first ten days ofJuly, the Chinese TDI market was operated with a small "v", and the ShanghaiBASF plant was overhauled at the beginning of the month and planned for onemonth; the execution price of Shanghai Covestro's TDI was 18,500 CNY/ton, anincrease of 500 CNY/ton from the previous month. Low-price offers converged,slightly followed up and waited for rigid demand, downstream inquiriesincreased slightly, high-price transactions were difficult, and the overalldemand remained flat.

https://www.echemi.com/zycms/826923.html

MMA

In July, the Chinese MMA market fellbroadly. At present, the mainstream transaction price in East China market fellby 1,500 CNY/ton month-on-month to about 10,800-11,000 CNY/ton, and the offerin southern China was about 11,300-11,500 CNY/ton, down 1,700 CNY/ton fromthe previous month, and the Shandong market fell 1,500 yuan from the previousmonth. CNY/ton to 10700-10900 CNY/ton. According to customs statistics, inJune 2022, China imported 7,247.686 tons of MMA, with an average import priceof $2,146.41 per ton. The import volume increased by 56.11% month-on-month anddecreased by 26.81% year-on-year.

https://www.echemi.com/zycms/826922.html