In November, the naphtha cracking device was still in full swing, and the cost of the MTO device was also under obvious pressure. Due to the parking maintenance and subsequent maintenance plans of some devices, and the subsequent reduction expectations of ocean-going goods, the o

1 November, naphtha cracking device is still in full swing, and the cost of the MTO device is also under obvious pressure. Due to the parking maintenance and subsequent maintenance plans of some devices, and the subsequent reduction expectations of ocean-going goods, the overall supply of the market is still relatively tight. However, the decline in the main downstream derivatives has not stopped. Under the drag of demand, it is estimated that the Asian ethylene market will be difficult to change. short-term may remain weak and will be concerned about changes in the supply and demand side in the future. In contrast, propylene comes from the most important economic economy in Europe and the United States, and the implementation of utilities such as monetary policy, Western Russian oil sanctions and OPEC+ production cut contracts. Overall, there is strong uncertainty. It is expected that it may show a trend of suppressing first and then rising, and it is concerned about cost changes and mentality. Overall, the raw material market fluctuated weakly, with limited support for ethylene-propylene rubber. The country's ethylene-propylene rubber equipment is operating normally, the market supply is still acceptable, and the supply side is currently unsupported. From the demand side, downstream companies are not starting high, the market is not buying well, and the request side is weak and difficult to change. In summary, the ethylene-propylene rubber market has gradually weakly consolidated.

Asian acrylic market has grown narrowly. The positive supply side supports the strong operation of the Asian propylene market during the week. Under the pressure of capital, the start of propane , the dehydrogenation and cracking equipment in Northeast Asia, including the Chinese market, is generally reflected in the start-up. The maintenance and reduction of some devices may coexist, and the start-up is delayed, which is beneficial to the supply side to support the market mentality. However, the request side still dragged down the propylene market. The price difference between polypropylene /propylene during the week was only US$20/ton. The polypropylene conditions were continuously weak, dragging down the propylene market. As a result, the Asian propylene market stagflation was sorted out in the later period of the week.

Additional ethylene market will be in a follow-up stalemate. Asian naphtha prices continue to rise, and the cracking cost is still under pressure. Since November, some maintenance devices have been restarted in Asia, but the restart plans of multiple installations have been delayed again, and some have even been postponed to 2023. In terms of downstream derivatives, although the value of some products has increased significantly, the profit of is weak, the start of work is low, and the storage is high. In addition, the end users are still waiting and watching, which has suppressed the purchasing intention, and downstream factories still dare not rashly develop raw material acquisitions. The intention gap between the two parties in the transaction is difficult to integrate, which has led to many obstacles in the market for fixed prices, and the overall trading atmosphere continues to be stalemate. Under the pressure of transportation and cost, although the factory price is not bad, the buyer's situation is also problematic, so he can only choose to change the price and discuss the following adjustment risks.

Domestic ethylene-propylene rubber device is operating normally, the market supply is abundant, and the supply side is not supported yet. From the requirements perspective, due to the impact of the epidemic, downstream companies have limited start-ups, and the domestic sales and export conditions are actually not optimistic, so the requirements are weak and difficult to change. There is no beneficial factors supporting the macro side. In the short term, the ethylene-propylene rubber market is mainly weak and consolidated. The market quotations may be dragged down by the demand, which reminds investors to pay close attention to further guidance on the demand news of ethylene-propylene rubber.