In mid month, the plasticizer sector continued to consolidate strongly
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyishe, the plasticizer sector was at 795 points on May 19th, unchanged from yesterday and up 12 points or 1.53% from the plasticizer sector index of 783 points on May 1st; The plasticizer sector index increased by 9 points, or 1.15%, compared to 786 points on May 10th. In mid May, the index of the plasticizer sector slightly increased, and the index of the plasticizer sector slightly rebounded compared to the previous ten days.
According to the commodity market analysis system of Business Society, the plasticizer sector saw a full increase in products in mid May, but the main plasticizer products did not show a significant upward trend. The growth rate of products such as isooctanol, DBP, and DOTP narrowed slightly, while the plasticizer sector saw a strong consolidation in mid May.
Slight increase in plasticizer products in mid month
According to the commodity market analysis system of Business Society, plasticizer products saw a slight increase in mid month. As of May 20th, the price of DOP was 10037.50 yuan/ton, an increase from the price of 9887.50 yuan/ton on May 11th. In the middle of the month, DOP increased by 1.52%; On May 20th, the price of DOTP was 10087.50 yuan/ton, a slight increase of 0.75% compared to the price of 10012.50 yuan/ton on May 11th; On May 20th, the DBP price was 9475 yuan/ton, a slight increase of 0.53% compared to May 11th when the DBP price was 9425 yuan/ton. The operating rate of plasticizer enterprises is gradually recovering to around 65%, and the supply is gradually increasing. Cost support, rising prices of plasticizer products, increasing supply of plasticizers, macroeconomic policy stimulus, expected rebound in demand for plasticizers, overall support for the rise in plasticizer prices still exists.
The price of isooctanol slightly increased in mid month
According to the Commodity Market Analysis System of Shengyishe, as of May 20th, the price of isooctanol was 9810 yuan/ton, a slight increase of 0.62% compared to the price of isooctanol on May 11th, which was 9750 yuan/ton. The price of octanol products slightly increased in mid month. In early May, the operating rate of octanol enterprises was 98%. In mid to late May, some manufacturers plan to shut down their octanol units for maintenance. The supply of octanol is sufficient, and downstream production can be carried out as needed. In mid to late May, the domestic supply of octanol is expected to decrease, and the operation of plasticizer devices is basically stable and maintains a relatively high level. The octanol market lacks continuous upward momentum, and octanol prices are consolidating at a high level.
Mid month price increase of n-butanol
According to the analysis system of n-butanol commodity market by Business Society, as of May 20th, the quotation for n-butanol was 8133.33 yuan/ton, a slight increase of 2.95% compared to the price of 7900 yuan/ton on May 11th. The overall market for n-butanol in Shandong region has shown a slight increase. Some downstream small areas of n-butanol require replenishment, and the focus of the n-butanol market has slightly increased. In the future, it is expected that the n-butanol market will experience strong consolidation and operation as a whole.
Expected decrease in downstream demand
Due to the increase in planned maintenance enterprises, PVC production has decreased. The operating rate of downstream product enterprises is around 50%, unchanged on a month on month basis and decreasing year-on-year. In the short term, the supply of fundamentals has decreased due to maintenance, while domestic and international demand remains weak, especially in the export market, making it more difficult to accept orders, resulting in weak supply and demand in the PVC market; In the medium to long term, the policy stimulus of PVC market to reduce inventory and quantify inventory is difficult to bring benefits to new construction projects. Real estate transactions boost demand for the building materials market, and spot fundamentals are cautious and cautious. There is not much planned maintenance in June, and new production capacity is planned to be put into operation, resulting in increased supply and poor demand performance, which has a certain drag on the market. The supply and demand in foreign markets are weak due to maintenance and off-season constraints. Overall, the supply and demand of PVC and downstream markets are weak, and the demand for plasticizers remains weak.
Future expectations
Business Society plasticizer product data analysts believe that the plasticizer market saw a slight increase in mid month, mainly due to a decrease in production. Upstream isooctanol enterprises and PVC product enterprises downstream of plasticizers both experienced varying degrees of maintenance and production decline. The overall supply of plasticizers is tight, and downstream production has decreased, leading to an expected decrease in downstream demand for plasticizers. In the future, with the completion of enterprise maintenance, the support for the increase in raw material prices is limited, downstream demand is expected to decrease, and the supply of plasticizers is sufficient. The plasticizer sector is expected to consolidate at a high level in the future.
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