market price
chart 1 prices of polyester polyols in east china (unit: yuan/ton)
in the fourth quarter of 2018, the domestic polyester polyol market continued to decline slowly, and the overall price continued to decline by 300-400 yuan/ton. the main raw materials are aa, bdo and ethylene glycol and the poor market performance has led to insufficient support for the cost of polyester polyols; at the same time, the nstream market has entered the off-season at the end of the year, and nstream users’ purchases are mostly based on rigid needs, with fewer large orders.
raw material surface
ethylene glycol: driven by the strong trend of bulk commodities, the focus of negotiations on ethylene glycol has become stronger. the price of ethylene glycol fell, mainly due to the nturn in the international market and the continuous increase in port inventory. however, the nstream demand has increased recently, driving the market outlook for ethylene glycol to improve. it is expected that ethylene glycol will continue this volatile market in the short term in december, or it may bottom out.
aa: the domestic aa market is in operation , the listing of pure benzene, a raw material, has been lowered, resulting in insufficient cost support, firm quotations from factories, and weak intentions of traders to sell at low prices. the mainstream acceptance delivery price in east china is 8000-8200 yuan/ton. it is expected that aa will stabilize at the end of december. currently, manufacturers have a strong mentality to hold up prices, and some stockholders are selling at low prices to reduce inventory pressure. goods.
bdo: the domestic bdo market is weak to sort out, the market is abundant in spot goods, the factory start-up load is high, the quotation is stable, the nstream just needs to purchase, and the inquiry is cautious. the overall market transaction is average. the reference for acceptance of bulk water in east china is 10200-10500 yuan/ton (acceptance delivered). it is expected that bdo will bottom out at the end of december. the upsurge of nstream users stocking up near the spring festival will effectively relieve the pressure on manufacturers’ inventory, and there may be a wave near the spring festival pick up.
nstream
the domestic sole raw material market is weak and n, and the raw material market is dominated by bullishness. shoe sole raw material the load of the factory has decreased, the factory’s offer has been lowered, the center of gravity of the market negotiation has moved n, the terminal order volume is average, and the mainstream market price in east china is 16800-17800 yuan/ton. the actual negotiation is low. the domestic pu slurry market is weakly digested, the terminal market orders are followed up in a moderate amount, the sustainability is not good, and the market operating rate is still low. east china the reference price of ordinary wet method is about 8800 yuan/ton upon acceptance and delivery, and the reference price of ordinary dry method is about 9800 yuan/ton upon acceptance and delivery. it is expected that sole stock solution and slurry will be on the market at the end of december running at a low level, the market benefits are limited.
market forecast
tiantian chemical network predicts that the domestic polyester polyol market will run at a low level in december, and the possibility of price fluctuations in december is small. the rigid demand in the market is the main focus, and shipments in some areas will be low. near the spring festival, raw materials will give some support, but the nstream market has not shown signs of improvement, and the polyester polyol market may continue to fluctuate within a narrow range.
