The price once broke through 10,000, how to interpret epoxide market outlets?

The "Golden Nine" of the oxide market continues the previous rise, and the market exceeds 10,000 yuan (ton price, the same below). Taking the Shandong market as an example, the market price on September 15 rose to 10,500 to 10,600 yuan, which is from the end of August. Raising about 1,000 yuan. September 20 declined to around 9,800 yuan. From the perspective of the market market, the supply surface is expected to grow, the demand season is not strong, and the oxide fluctuations fluctuate in 10,000 yuan.

Increased device restart supply increase

Meng Xianxing, deputy dean of the Shandong Provincial Institute of Chemical Engineering, said that oxylene oxide encountered Waterloo in July and the price fell below 8,000 yuan. Since then, the market has undergone a rebound. Lead the rise and rise against the trend. As of August 31, the mainstream transaction price of the market in Shandong's oxide oxide was 9,600 to 9700 yuan, and the market continued to rise in September.

The rise in price is not related to the decrease in supply. A total of 8 sets of oxylene oxide devices maintained in August, involving a total of 1.222 million tons/year, a total of 61,500 tons of losses. In August, the output of the domestic oxidine device was 293,200 tons, a decrease of 2.17%month -on -month, and the capacity utilization rate was 70.83%.

After entering September, Sinochem Quanzhou epoxyride device was maintained and maintained. Tianjin Bohua, Sinopec Changling, Shandong Huatai and other devices resumed, and the Jinling device dropped to half -load operation. At present, the operating rate of oxide oxide is nearly 70%, a slight decrease from August.

From the perspective of the market outlook, Shandong Dazawa 100,000 tons/year device was re -production in late September, and Jincheng Petrochemical 300,000 tons/year device is expected to be put into production at the end of September; Jinsing and Huatai devices are gradually resumed. Traders will be empty. It is estimated that the oxylene oxide market will have a weak trend in the concentrated supply of supply and a slight downward risk of survival.

The expected expected raw material support is difficult to be strong

For the upstream raw material propylene and liquid chlorine, although the "Golden Jiu" ushered in a wave of ups and downs, the market outlook is expected to rise and difficult to rise, and it is difficult to form a powerful pull on downstream.

In September, the price of upstream raw material acrylia continued to fluctuate, and it also provided strong support for the oxide market. Wang Quanping, chief engineer of Shandong Kenli Petrochemical Group, said that the domestic acrylic supply surface is tight, and the performance of the Northwest, Central China and East China regions is more obvious. El propylene has resumed work. Therefore, market demand has been pulled up, the sales of acrylonitris are smooth, and the lowest inventory has driven the price of acrylic.

From the perspective of the operation of the device, on the one hand, Xindai Petrochemical and Luxi Chemical Acrylic devices restarted, but due to frequent postponed extensions, the impact was relatively limited. At the same time, some propane dehydrogen -to -acrylic production capacity in Shandong was less than expected, and the overall supply was relatively controllable. On the other hand, some Northwest main devices have recently been suspended and maintained. The crater started to decline to 73.42%in the Northwest region. The circulation of peripheral propylene sources has decreased significantly, and the demand for acrylic mining of acrylic in individual Northwest factories is significantly tightened.

From the perspective of the market, the load of the acrylic enterprise device is relatively stable, and there is no significant changes in the supply surface of the acrylic. The downstream is weakened with the polypropylene plate, and the enthusiasm for suppressing the downstream of the acrylic is pressed. Therefore, the current propagal and demand market is in two light situations, but the loads of downstream glycols, oxide, and acryline are increased. It is still supported by the demand surface. It is expected that the price of acrylics will fluctuate narrowly and the rise and fall will be limited.

Another raw material liquid chlorine market is mainly based on the liquid liquid chlorine market. Some devices of the main factories have reduced the amount of exports, and some manufacturers of some manufacturers in Luzhong are unstable, and to a certain extent support the market continues to rise. The mainstay recovery of the main force in the East China region, the demand is eased, and some installations are maintained for maintenance. Meng Xianxing said that with the recovery of production reduction devices, the supply increases, and the possibility of liquid chlorine prices may be reduced later.

Demand is difficult to prosper during the peak season

Polyether polyol is the main downstream product of oxylene oxide, and is the main raw material for synthetic polyurethane. The overall production capacity of the domestic polyurethane downstream industry is overcapacity, especially the excess pressure of the soft bubble market.

Meng Xianxing said that in September, the market was driven by cost, the soft bubble polyether market rose, and the main operators continued the operation of the market, but the downstream performance was average, and the low prices of the middle and lower reaches still existed.

At present, the downstream sponges are rising steadily, and the upstream costs still need to be further transmitted. The middle and lower reaches are mostly digested and waited, and the real aspect continues the light situation. From the perspective of the market market, although the essence is still not formed, many manufacturers still lack space due to cost -stabbing, and have limited effect on upstream raw materials.

In addition, the market for the hard bubble polyether keeps moving upwards, and the middle and lower reaches continue to buy up on demand. Although the overall activity is lower than the same period, it has improved from the second quarter. Although entering the "Jin Jiu", the market demand has not changed significantly, and the factory needs to be customized.

From the perspective of the market market, downstream companies are mainly observation, and new orders are willing to buy. In the two light situations, the hard bubble polyether "Golden Nine" is insufficient, and it is difficult to inject vitality into the upstream. (Li Wenfeng)

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