Last week, the chemical market hit a new low for the year

Among the important chemical products monitored, a total of 25 products have increased in price, accounting for 40.3%. The top rising products are butadiene (4.1%), phenol (3.9%), and natural rubber (3.5%); There were a total of 24 products that experienced a decline, accounting for 38.7%. The top falling products were octanol (4.4%), hydrogen peroxide (3.2%), and PVC (2.9%).

Last week, the butadiene market fluctuated and rose. Recently, the arrival of butadiene goods at the port has been limited, and the available spot resources in the market are tight. In the context of tight supply resources, the mentality of merchants to make offers has become firm, and prices are gradually rising. It is expected that butadiene will experience fluctuations and adjustments in the future market.

The phenol market is expanding rapidly. During the week, there was a significant increase in the operating load of the equipment, but the arrival time of some domestic ships was delayed, and the supply of spot goods at the port became tight. In addition, some downstream bisphenol A factories entered the market for procurement, and the upstream pure benzene price rose more than expected, providing strong cost support. The mainstream phenol production enterprises actively adjusted their prices, and traders showed a clear intention to raise prices. The market price center fluctuated widely upwards. It is expected that phenol will experience weak fluctuations in the future.

The natural rubber market is experiencing a strong upward trend. The floods in southern Thailand have raised concerns about reduced supply, while Yunnan production areas in China have basically stopped cutting, and Hainan production areas have stopped cutting this month, further boosting market sentiment and leading to a wide rise in the market this week. Intermediate traders digest their inventory in the early stage, and as market prices continue to rise, some are chasing after higher prices to replenish. It is expected that natural rubber will be mainly adjusted at a high level in the future.

Last week, the octanol market mainly experienced a downturn. During the week, the cost transmission resistance of downstream factories for octanol remained high, which continued to slow down procurement. Most of them maintained the pace of buying at low prices. The main factories for octanol had high shipping pressure, and their offers continued to be lowered and discounted, resulting in a continuous downward adjustment of market focus. It is expected that the short-term octanol market may continue to decline significantly.

The hydrogen peroxide market continues to decline. With some production capacity restarting and reaching production capacity, the market supply in Shandong has increased, but downstream digestion is relatively lagging behind, and enterprise shipments are under pressure, resulting in a significant decline in prices during the week; Southern market trading is weakening, regional price differences are gradually narrowing, outbound shipments are hindered, and inventory levels are slowly increasing. It is expected that hydrogen peroxide will continue to decline in the future.

The PVC market hit a new low for the year. During the week, the operating load of the PVC industry increased to over 80%. Despite the gradual decline in PVC prices and the increase in replenishment in some downstream areas, downstream bearish sentiment still exists, and overall transactions have not seen a significant increase in volume; On the export side, non Indian flow orders are still acceptable, but Indian flow orders are not satisfactory, maintaining the overall basic quantity. It is expected that the PVC interval will mainly fluctuate in the future.

Overall, the weak performance of international crude oil and the gradual loss of cost support in the chemical market; The domestic economic situation has not improved significantly, but with the upcoming Central Economic Work Conference, the market may welcome a wave of positive news. It is expected that the short-term chemical market may stop falling and stabilize.

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