According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid has risen this week. As of July 19th, the average market price of acetic acid was 3350 yuan/ton, an increase of 100 yuan/ton compared to the price of 3250 yuan/ton on July 12th, with an overall increase of 3.08%.

At the beginning of the week, the price of acetic acid rose, mainly due to the malfunction of the acetic acid plant in the early stage, the reduction of enterprise inventory, and the continuation of the positive sentiment in the market, leading to another upward trend in the market. Afterwards, as the faulty device resumed normal operation, the market supply increased, and downstream consumers consumed more inventory, the enthusiasm for entering the market weakened. However, the manufacturer’s inventory was not under pressure at the moment, and overall production and sales were still acceptable. The stable quotation in the later part of the week was the main factor. In terms of traders, due to excessive stockpiling and weakened downstream demand, the price of acetic acid has been lowered, and the overall acetic acid market remained strong at a high level during the week.

As of July 19th, the market prices of acetic acid in various regions are as follows:

Region/ July 12th/ July 19th/ Rise and fall

South China region/ 3175 yuan/ton/ 3175 yuan/ton/ 0

North China region/ 3325 yuan/ton/ 3375 yuan/ton/ 50

Shandong region/ 3250 yuan/ton/ 3350 yuan/ton/ 100

Jiangsu region/ 3150 yuan/ton/ 3175 yuan/ton/ 25

Zhejiang region/ 3250 yuan/ton/ 3275 yuan/ton/ 25

The upstream raw material methanol market is weak and declining. As of July 19th, the average price in the domestic market was 2500 yuan/ton, a decrease of 2.34% compared to the price of 2560 yuan/ton on July 12th. The methanol supply side equipment has undergone extensive maintenance, resulting in a decrease in production capacity and interest rates. However, the downstream sector continues to be weak, and traders have sufficient supply of goods, with average receiving sentiment. Market trading is poor, and methanol spot prices have fallen from high levels.

The downstream acetic anhydride market is experiencing a strong upward trend. On July 19th, the average ex factory price of acetic anhydride was 5567.50 yuan/ton, an increase of 2.16% compared to the price of 5450.00 yuan/ton on July 12th. The upstream acetic acid market remains strong at a high level, and the cost support of acetic anhydride is favorable. The downstream of acetic anhydride follows suit according to demand, and the trading atmosphere in the market is still acceptable. The upstream market has driven the upward trend of acetic anhydride prices.

Market forecast: According to the acetic acid analyst from Shengyi Society, the main acetic acid factories in the market are currently operating normally, with an increase in market supply and a weakening of downstream demand. There is limited market entry for purchases, and there is a supply-demand game in the market. In addition, some holders intend to lower prices to stimulate shipments. It is expected that the short-term acetic acid market will be weakly consolidated, and downstream follow-up will be closely monitored in the future.

Recently (7.8-7.17), the market price of Shunding rubber has slightly declined. According to the commodity market analysis system of Shengyi Society, as of July 17, the market price of Shunding rubber in East China was 15160 yuan/ton, a decrease of 0.79% from 15280 yuan/ton on July 8. The price of raw material butadiene has fallen slightly from a high level; Shunding rubber production continues to remain low; Downstream tire production remains stable, but overall inquiries are cautious and slightly resistant to high priced sources. Shunding rubber futures are consolidating at a high level, and market trading is flat.

Recently (7.8-7.17), the price of butadiene has fallen from a high level, and the cost center of butadiene rubber has slightly decreased, but overall support is still strong. According to the Commodity Market Analysis System of Shengyi Society, as of July 17th, the price of butadiene was 13125 yuan/ton, a decrease of 4.37% from 13725 yuan/ton on July 8th.

Recently (7.8-7.17), the construction of domestic butadiene rubber plants has remained at a low level. As of July 17th, the construction of butadiene rubber in China is around 60%.

Demand side: Downstream tire production is currently stable, and demand is supported by the urgent needs of the butadiene rubber market. Downstream inquiries are resistant to high priced sources, and butadiene rubber prices are consolidating at a high level. As of July 17th, the operating load of semi steel tires in domestic tire enterprises is around 7.9%; The operating load of all steel tires in tire enterprises in Shandong region is about 6.20%.

Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the high price of raw material butadiene will fall, and there is still support for a slight decrease in the cost center of butadiene rubber; Shunding rubber production remains at a low level and the market supply is tight; In recent times, downstream tire companies have started production steadily, but there is still a high sentiment towards Shunding rubber. Overall, the Shunding rubber market has remained strong in the near future with the support of costs and low production. It is expected that the market for butadiene rubber will mainly experience a narrow consolidation in the later stage.

According to the data from the Commodity Market Analysis System of Shengyi Society, since mid July, the supply of hydrogen peroxide has become tight, terminal demand has improved, and the market has heated up. On July 1st, the average market price of hydrogen peroxide was 900 yuan/ton, and on July 16th, the average market price of hydrogen peroxide was 956 yuan/ton, with a price increase of 6.3%.

The supply is tightening, and hydrogen peroxide is experiencing an increase

Since mid July, the weather has been hot, causing some hydrogen peroxide companies to shut down for maintenance, resulting in a decline in market supply. Terminal printing and paper manufacturers have increased their purchases of hydrogen peroxide, and the hydrogen peroxide market has risen one after another, with an overall quotation of 900-980 yuan/ton. Among them, the average market price of hydrogen peroxide in Shandong region is around 980 yuan/ton, with a price increase of 80 yuan/ton; the average market price of hydrogen peroxide in Hebei region is 930 yuan/ton, with a price increase of 50 yuan/ton; and the average market price of hydrogen peroxide in Anhui region is around 960 yuan/ton, with prices remaining unchanged.

Business Society Chemical Analysts believe that at the end of July, the demand for terminal hydrogen peroxide was poor, and the momentum for the continued rise of the hydrogen peroxide market in the future was insufficient, with a weak downward trend being the main trend.

According to the Commodity Market Analysis System of Shengyi Society, as of July 15, 2024, the reference price of n-butanol in Shandong Province, China was 8100 yuan/ton. Compared with July 8 (reference price of n-butanol was 8500 yuan/ton), the price has decreased by 400 yuan/ton, a decrease of 4.71%.

From the commodity market analysis system of Shengyi Society, it can be seen that recently (7.8-7.15), the focus of the n-butanol market in Shandong Province, China has shown a downward trend. As of July 15th, the reference price for n-butanol in the domestic Shandong region is around 8100-8300 yuan/ton.

Analysis of Factors Influencing the Market Situation of n-Butanol

In terms of demand: Recently, the downstream demand for n-butanol has been average. After the phase of demand ends, the overall trading atmosphere in the market is relatively light, and the weak downstream market for n-butyl acetate has also weakened the support for n-butanol.

Supply side: Currently, the overall supply of n-butanol is loose, with sufficient inventory and insufficient market support from the supply side.

Market price situation of n-butanol

Region/ Product/ July 15th

Shandong region/ N-butanol/ Around 8000-8200 yuan/ton

North China region/ N-butanol/ Around 8000-8200 yuan/ton

South China region/ N-butanol/ Around 8700-8800 yuan/ton

East China region/ N-butanol/ Around 8400-8600 yuan/ton

Market analysis in the future

At present, the trading volume of n-butanol in the market is light, and the atmosphere of actual inquiries is relatively quiet. The n-butanol data analyst from Shengyi Society believes that in the short term, the n-butanol market in Shandong, China, will mainly adjust and operate in multiple intervals, and the specific trend still needs to pay more attention to changes in supply and demand news

This week, the price of isooctanol fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of July 12th, the price of isooctanol was 9760 yuan/ton, a fluctuating decrease of 0.91% compared to the price of 9850 yuan/ton on July 5th last weekend; Compared to the price of 9860 yuan/ton of isooctanol quoted on July 8th at the beginning of this week, the price has decreased by 1.01%; Compared to the price of 9710 yuan/ton on July 1st at the beginning of the month, the price of isooctanol fluctuated and increased by 0.51%. This week, the price of isooctanol fluctuated and fell. Downstream factories purchased according to demand, and the enthusiasm of enterprises for raw material procurement temporarily stabilized. Shandong large factories sold at a discount, and the market transaction center shifted downwards. The new orders in the isooctanol market increased, and the support for the rise of isooctanol still exists.

This week, the price of raw material propylene fluctuated and rose

According to the Business Society’s propylene commodity market analysis system, as of July 12th, the price of propylene was 7195.75 yuan/ton, a fluctuating increase of 0.42% compared to the price of 7165.75 yuan/ton on July 5th; Compared to July 8th, the price of propylene fluctuated and rose by 7113.25 yuan/ton, a decrease of 1.16%; Compared to July 1st, the price of propylene fluctuated and rose by 7133.25/ton, with an increase of 0.88%. Crude oil prices have fluctuated and fallen, propane prices have fluctuated and risen, and propylene cost support has increased. This week, propylene prices have fluctuated and risen; The downstream production of propylene is stable, downstream customers purchase at low prices, propylene manufacturers have average shipments, the supply and demand of propylene market are weak, and propylene prices fluctuate and rise.

Downstream plasticizer prices fluctuated and fell this week

According to the Commodity Market Analysis System of Shengyi Society, as of July 12th, the price of plasticizer DOP was 9912.50 yuan/ton, which fluctuated and fell by 0.75% compared to the DOP price of 9987.50 yuan/ton on July 5th last weekend; Compared to Monday, July 8th, the price of 10000 yuan/ton fluctuated and fell by 0.88%; Compared to the DOP price of 9862.50 yuan/ton on July 1st, it first rose and then fell, with an increase of 0.51%. The market for phthalic anhydride, a raw material for plasticizers, has fluctuated and stabilized, while the price of isooctanol has fluctuated and fallen. The cost of plasticizers has also decreased, and the price of plasticizers has fluctuated and fallen this week. Downstream manufacturers are in the off-season, with low production and poor demand for plasticizers, which weakens the support for the rise in plasticizers.

Future expectations

According to the data analyst of Business Society’s octanol product, in terms of cost, the price of propylene has fluctuated and risen, while the cost support of isooctanol still exists; In terms of supply, isooctanol manufacturers offer discounts on sales, resulting in an increase in new orders and shipments; In terms of demand, the prices of downstream plasticizers of isooctanol have fluctuated and fallen, resulting in poor downstream demand. Overall, the tight supply and demand of isooctanol are not good, and cost support still exists. It is expected that the price of isooctanol will remain weak and consolidate in the future.