Last week, the chemical market continued to decline

Among the important chemical products monitored, there were a total of 12 products that increased in price, accounting for 19.4%. The top rising products were aniline (7.0%), TDI (6.0%), and maleic anhydride (5.6%); A total of 37 products experienced a decline, accounting for 59.7%. The top falling products were octanol (4.4%), n-butanol (4.3%), and acrylonitrile (3.4%).

Last week, the aniline market saw a wide rise. After the continuous decline in the price of aniline in the early stage, it hit the market psychological price. At the same time, the rebound of raw material pure benzene combined with the increase of aniline export orders led to an increase in the shipment price of aniline production enterprises. Under the influence of the market's mentality of buying up and not buying down, downstream companies made appropriate purchases, and the price of aniline in the market accelerated. It is expected that aniline will remain stable in the future.

Exploring the focus of TDI market. Mainstream devices are operating normally, manufacturers ship according to orders, and the focus is on maintaining market stability; Traders have a stable attitude towards shipping and have slightly increased their offers; Downstream industries still have high inventory levels, and the buying situation remains wait-and-see, with a focus on first-time trading. It is expected that the TDI market will continue to operate strongly in the short term.

The maleic anhydride market has stopped falling and rebounded. There has been a significant increase in the number of maintenance devices during the week. In addition, the production of new capacity has been slow, and the overall industry production has declined significantly. The main factories have increased their prices, and the focus of local offers has rapidly risen; Downstream procurement has rebounded, but the mentality of subsequent business owners has slightly weakened, and there is insufficient follow-up on continuous buying. It is expected that maleic anhydride will remain firm and slightly stronger in the future.

Last week, the octanol market experienced a widening decline. During the week, the main factories for octanol experienced an increase in shipping resistance, and they continued to proactively offer discounts and accept orders. Downstream factories' intention to buy continued to decline; The seasonal decline cycle of the downstream plasticizer industry has extended, and the resistance to inventory sales of factory products has increased synchronously, further suppressing the enthusiasm of factories to purchase octanol. It is expected that the short-term octanol market may experience significant fluctuations and declines.

The n-butanol market fluctuated and fell. At the beginning of the week, the industry's construction started to decline, and the main downstream construction started to fluctuate; Against the backdrop of abundant spot supply in the north, some butanol factories have offered discounts for shipments, causing a continuous decline in various markets. It is expected that the short-term n-butanol market may face significant downward pressure.

The acrylonitrile market continues to bottom out. The supply-demand imbalance of acrylonitrile remained unchanged during the week, with factories maintaining production and overall downstream demand showing no improvement. As prices continue to decline, buying is also cautious, and the wait-and-see sentiment has intensified. It is expected that acrylonitrile manufacturers will continue to prioritize discounted shipments in the future.

Overall, the international stock market has plummeted, and the chemical market has followed the significant decline of commodities; With the low rebound of international crude oil and the increasing cost pressure on the chemical industry, the market has limited room for further decline. It is expected that the short-term chemical market will mainly operate weakly.