Demand for Propylene Glycol Was Limited and the Market Decreased

Demand for Propylene Glycol Was Limited and the Market Decreased (Aug 25-31)

The propylene glycol market continued decreasing this week. As the supply in North China declined, the propylene oxide (PO) market stopped decreasing and the PO price was RMB 12,000/mt. The units in Yankuang Group, Shandong Depu Chemical, Shandong Wells Chemicals and Linggu Chemical underwent maintenance, and did not restart yet.The operating rates in Shandong Shida and Haike Group were in a low level. The propylene glycol factories had less sale pressure. The prices showed a downtrend. The holders were willling to sell their goods in a high price. The negotiation was quite low.

The operating rate in downstream was in a low level, influenced by the environment protection supervision. The demand for propylene glycol was limited, the inventory in part of factories was still sufficient and users had weak interest in stocking goods.

In mid-week, the few low-priced prders were on a need-to basis. Up to August 31, the mainstream quotation of propylene glycol was in the range of RMB 9,100-9,600/mt by acceptance. The dealing prices were flexible. 

source: http://info.echemi.com/en-price/8036.html

Adipic Acid Market Moved up This Week

Adipic Acid Market Moved up This Week  (Aug 25-31, 2017)

Review:

The Chinese adipic acid market moved up this week. In this week, Sinopec raised benzene prices again by RMB 200/mt, which stimulated the market sentiments. Then, adipic acid producers raised the posted prices of adipic acid. The mainstream negotiation prices for adipic acid in East China were around RMB 9,343/mt, which was up 1.55% from last week.

Forecast:

The benzene market will remain firm next week. And adipic acid producers are bullish about the market and the downstream demand for adipic acid will be followed in time. It is predicted that the adipic acid market will be firm next week. 

source: http://info.echemi.com/en-price/8038.html

Acetone Market Was Stable First and then Increased (Aug 25-31,2017)

The acetone market fluctuated marginally this week, which decreased first and then decreased slightly. The acetone market was at the bottom for quite a long time. The rigid demand for acetone was weak, which was the reason for decreasing price. However, the raw material prices increased and the pressure on production cost of phenolic ketone increased which supported the acetone market. Also, as the acetone price was low and deflected its value, the players increased the acetone price. The downstream users began to purchase goods. As a result, the acetone market increased moderately.

Up to August 31, the acetone price in Jiangsu market was in the range of RMB 5,600-5,650/mt, which was up RMB 100/mt. The average price of acetone was RMB 5530/mt, which was down RMB 55/mt. 

Forecast

The phenolic ketone units will run stably in the short term, so the supply will be normal. Part downstream users will begin to purchase goods. However, as the environment protection supervision will be still strict, it is predicted that the downstream demand will be hard to recover in the short term. The raw material market will be in uptrend, and the cost of Chinese phenolic ketone units will be in a high level. The phenol will show a uptrend, but this cannot release the pressure of production cost. It is predicted that the demand for acetone will be flat and the market will fluctuate marginally. 

source: http://info.echemi.com/en-news-focus/8039.html