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The spot market is not to be outdone as futures continue to rise, with some raw materials rising by nearly 20% in three days! The multi-association voiced again, calling for regulation!
raw materials rose by 20% in three days, and major manufacturers increased by 1300!
▶▶Styrene has skyrocketed, rising by nearly 10% after the holiday!
After the festival, the domestic styrene market rose fiercely. At present, the spot price in South China has risen to 11,000 yuan/ton, which is 950 yuan/ton higher than that before the festival, and an increase of 9.45% in three days! The downstream PS, ABS and EPS markets generally rose by 50-550 yuan/ton.
More global materials and manufacturers of plastics, latex adhesives and synthetic rubber Trinseo sent a letter to increase the prices of ABS and PS!
From May 1, 2021, or according to the existing contract terms, the European subsidiary will increase the price of all grades of PS, ABS and SAN resins in Europe:
Styron GPPS increased by 105 euros / ton (about 818 euros) RMB/ton);
Styron and Styron A-Tech, Styron X-Tech and C-Tech HIPS increased by 105 euros / ton (about 818 yuan / ton);
Mai pure ABS resin increased by 160 euros / ton (about 818 yuan / ton); 1247 yuan / ton);
TYRIL SAN resin increased by 170 euros / ton (about 1325 yuan / ton).
▶▶The PVC market has risen strongly, and many companies have issued price increase notices!
Returning from the holiday, the PVC futures market got off to a good start, and prices rose strongly, driving the direction of spot trends. On May 6 and 7, the increase was about 2%, and the year-on-year increase was more than 60%. The manufacturers generally raised the price, and the daily increase was around 100-200 yuan / ton.
Some PVC companies have issued a price increase notice:
▶Hebei Kangfei Plastic Industry announced on May 8 that it has decided to increase the price of PVC sheets on the basis of the price increase on February 25 from now on. , the delivery will be carried out at the new price.
▶Henan Kangbei Plastic Products announced on May 8 that the price of PVC sheets will be raised from now on, and the specific quotation is subject to the quotation on the day.
▶ Junyuan Plastics announced on May 8 that the price of PVC sheets will be raised again on the basis of the original price from now on. If the payment is not made in advance, the delivery will be carried out at the new price.
▶ Jiangyin Yuyuan Plastics announced on May 8 that the previous quotations will be cancelled, and all products will be priced at a single price from now on.
▶▶N-butanol has risen rapidly, with an increase of nearly 20% in 3 days!
At present, the average ex-factory price of n-butanol in Shandong refers to 15,566 yuan/ton. Compared with the price on May 5, the average price has increased by 2,566 yuan/ton, and it has increased by 19.71% in the three days after the festival!
At present, the spot supply of n-butanol continues to be tight, but the market price has almost hit the ceiling. The downstream is becoming more and more wait-and-see about high prices. Buying goods is calmer than the previous days. The momentum for n-butanol to continue to rise is slightly insufficient, but the resumption of factory installations still needs to be done. Time, the n-butanol market continues to be tense in the short term. It is expected that in the short term, the domestic n-butanol market as a whole will run at a high level.The
rally is too crazy, the association speaks again!
US stocks rose! Oil prices are up! Gold prices go up! Commodity futures are up! Raw materials are up!
Therefore, the current status of the raw material market has become - , which has poor downstream demand and low acceptance, and cannot stop the rising trend of bulk commodities at all! This time, has risen to the association to speak out, and the industry is developing in a healthy and orderly manner!
Titanium dioxide ushered in the fifth price increase this year! Lomon Billions, China Nuclear Titanium Dioxide, Huiyun Titanium Industry, Jinpu Titanium Industry and many other titanium dioxide companies have successively issued price increase letters. Ton. Such intensive price increases are not uncommon this year, but such a consistent pace is very rare, and there is no buffer time for downstream customers!
Iron oxide also ushered in the third price increase this year! Domestic and foreign markets generally rose by 500 yuan / ton, and export products were 100 yuan / ton. Mainly due to the increase in the price of iron sheets at the cost side. The price has risen rapidly and has exceeded 3,000 yuan / ton, and the goods cannot be bought. In addition, there have been many iron sheets in May and the production has been reduced. It is difficult for enterprises to reach the maximum supply and export. maintain the heat. At present, the orders of leading enterprises in the industry have been booked in the second quarter, and the trend of "tightening of goods and rising prices" has boosted the price of iron oxide.
Phthalocyanine blue and phthalocyanine green series of pigments have risen by nearly 8,000 yuan/ton since the beginning of the year, and they are intermittently out of stock, and orders in the first half of the year have also been booked out.
Recently, both the Iron Oxide Association Branch and the Vice President of China Iron and Steel Association have spoken out, calling on major members to adjust prices reasonably and the government to play a guiding role.
Branch of Iron Oxide Association: reminds all member units in the iron oxide industry to strengthen information communication with customers based on their main business conditions, and truthfully inform customers of market price fluctuations of chemical raw materials, metal iron sheets, auxiliary materials and freight, etc. The negotiation is determined according to the market demand and the price to be adjusted, so as to jointly resolve the business risks and construct a standardized and orderly iron oxide market environment. The
Association invites all member units to strictly implement relevant national and industry standards, provide customers with high-quality services on the premise of maintaining the basic profits of the market and the industry, and ensure the healthy and orderly development of the iron oxide industry.
Luo Tiejun, vice president of the China Iron and Steel Association, said: The main reason for the high iron ore price is that the supply side is highly concentrated, and the dominance is in the hands of the sellers. In addition, market expectations and hype components are large. He called on the government to play a guiding role when the market mechanism fails to effectively curb the rising trend of iron ore prices.
The China Iron and Steel Association report analyzed that from the demand side, due to the rapid and large increase in steel prices in the early stage, the downstream steel industries such as shipbuilding and home appliances could not bear the continued high steel prices, and it was difficult for the steel prices to continue to rise sharply in the later period.
Short-term PP and PE are on the rise.
▼ Upstream dynamic
★ Crude oil:
From a fundamental point of view, the global supply side is currently stable, but the potential risk point of US-Iran relations still exists. As the epidemic is gradually brought under control, the recovery process of demand in the United States and Europe is relatively optimistic, and the peak summer demand season may constitute a certain support.
★ Propylene:
PP The marginal cost support of propylene at the cost end has weakened, but the related processes are still facing a small loss, and the powder start-up is still at a low level. Haiwei, Haitian, Lihe are still parked and are expected to drive next week. Partial refining began to resume, and propylene is expected to weaken in the middle of this month.
▼ Supply
★The impact of new production capacity in the short term is limited. At the same time, more new production capacity was released this month. PE Huatai Shengfu and Lianyungang Petrochemical began to deliver materials, and Haiguo Longyou was commissioned; for PP, Sino-Korea Petrochemical Phase II and Fuji Phase II were put into production recently. However, the short-term impact of new production capacity in the short term is limited.
★The price difference between domestic and foreign markets has gradually narrowed.
The worsening epidemic situation in India and Southeast Asia has led to an increase in long-term import offers. With the continuous narrowing of the price difference between the domestic price of wire drawing and Southeast Asia, the import window has gradually opened. At the same time, the pressure of new production capacity in the external disk was great, and the Dalin and Oman plants were put into operation.
★PP export profit has dropped significantly
The theoretical export window has not been closed, but the actual export has rarely occurred. PP export profit has reached near 0 value.
▼ library inventory
As of Saturday, the upstream petrochemical inventory was 780,000 tons, and it went to 90,000 tons three days after the holiday, and the speed of destocking was relatively fast. Today's petrochemical inventory is 805,000 tons, and the inventory in the same period last year is 890,000 tons. The inventory is maintained weekly and is at a low level in the same period of previous years.
▼ Downstream demand
PP The downstream BOPP transaction volume is obvious, the downstream profit of LL has been repaired to a certain extent, the downstream raw material inventory is not high, and the rigid demand is still there.
In summary,
In the market after May 1st, the bullish sentiment is strong, and some traders in the spot market and terminal replenishment have formed support for the market. The inventory of downstream manufacturers before the May Day is at a low position, and it is a normal mode to replenish the inventory at a low position after the holiday. At the same time, the price is high, and a large number of traders are hedging, so we can see the petrochemical inventory coming back to the warehouse quickly after the holiday.
But we must also see that during the sharp rise in recent trading days, the basis is actually weakening, and the monthly difference has not risen significantly.We can see that after the holiday, energy and chemical commodities are in a rising market as a whole, and the current rebound may be more of a bullish speculative factor. In the context of supply expansion, it is necessary to continue to pay attention to downstream demand.
On the whole, the short-term PE tends to go up in the short-term, and pay attention to the upward pressure near 8500 points. In the long-term, the supply and demand of plastics are weak, and the L09 contract continues to have little room for growth. In terms of PP, pay attention to whether the spot can follow the rise of futures. As of the 7th, Huadong Coal Chemical's basis for the PP09 contract is as low as 25, and it is concerned about the opportunity to make more basis on subsequent dips.
Disclaimer: The above content is reproduced from Micro LINK Plastics, and the content does not represent the position of this platform.
National Energy Information Platform Tel: 010-65367702, Email: hz@people-energy.com.cn, Address: People's Daily, No. 2 Jintai West Road, Chaoyang District, Beijing
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