Analysis of Methanol——The overall import volume of methanol in China in the first half of the year decreased slightly compared with last year, and the overall fluctuation was not significant.
It is reported that the overall export volume in the first half of the year is higher than the same period in the first half of 2014 (the total export volume of methanol in the first half of 2014 reached 492,000 tons, the highest year since statistics), mainly due to the partial maintenance of Southeast Asian installations from March to April, There is a certain gap in supply, and the price gap between CFR China and other regional markets such as Southeast Asia is still very large. Re-export operations from China to other parts of Asia are concentrated, and bonded re-exports are the main ones. As the current international new crown epidemic is affected by many aspects such as the second counterattack of the epidemic, there are still some macroscopic variables, and the overall supply and demand status of foreign countries is unlikely to change significantly. It is expected that the export situation may remain relatively high in the second half of the year.
The profit of ethylene oxide in 2021 is significantly weaker than that of the previous period.
There will be two rounds of overhaul peaks in 2021. One round is after the Spring Festival. During the period from February to March, overhauls will affect the production capacity of 650,000 tons per year, and the impact of the upward ethylene price will push the price of ethylene oxide to a high point in the year. The peak of the second round of overhaul is from June to August, affecting about 1.2 million tons of production capacity per year. During the overhaul period, the output loss is expected to reach about 62,000 tons. Although affected by the season, the downstream monomer demand is not strong, and the market has not yet given a strong momentum. However, the raw material ethylene has begun to bottom out and rebound. With the support of cost and supply tightening, it is expected that ethylene oxide may be able to get out of the strong market in the middle of the year.Affected by the epidemic in 2020, the fundamentals of supply and demand have undergone drastic changes, and market trends are very different from the past. The review found that the market trend this year is similar to that of 2019, and the market turning points are similar. Zhongyu expects that the ethylene oxide market may become stronger in the market outlook, but with the end of the maintenance season, the new capacity will gradually increase during the year. Released, the Chinese market will be strong or difficult to maintain in the second half of the year.
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Stearic Acid-Market Summary and Future Market Forecast
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Glycerin：A Record High in the First Half of the Year
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Generally speaking, the fundamentals of stearic acid in the second half of the year are neutral and bearish, and the trend may fluctuate.MORE
![Stearic Acid-Market Summary and Future Market Forecast]()
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On the whole, China's glycerin market has improved greatly in the first half of the year, and the raw materials and supply side have always given strong support.MORE
![Glycerin: A Record High in the First Half of the Year]()
![PVC market summary and outlook for the first half of 2021]()
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PVC market summary and outlook for the first half of 2021
According to statistics, the total export volume of PVC from January to May 2021 is 972,400 tons, an increase of 345.44% over the same period last year.The spot supply in the market may be in short supply.It is expected that the center of gravity of the PVC market in the fourth quarter may have a downside risk.
Plastic & Rubber Market Trends
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