1、 Trend analysis

According to the nickel price monitoring of the business association, on June 10, the spot nickel price was 103916.67 yuan / ton, down 0.94% compared with the previous trading day, up 6.79% year on year. Shanghai nickel opened at 104300 yuan, then fell in price shocks, closing at 103180 yuan, down 1.45%. LME3 nickel closed 0.54% lower at $12840 at the end of the month.

2、 Market analysis

The decline of domestic and foreign inventory slowed down, the overall demand was weak, the market showed no price, and traders generally said that the shipment was not smooth. In order to facilitate the transaction, some businesses still delivered at low price, and the downstream side maintained on-demand procurement. At present, the supply of nickel ore in the Philippines is recovering gradually, but the supply of nickel ore in the Philippines is mainly low-grade nickel ore, and there are few high-grade nickel ore. with the gradual consumption of nickel ore inventory in the early stage, the domestic nickel iron grade will also decline. Currently, the price of nickel ore remains high, and the supply of domestic nickel ore is still tight. It is reported that in June, the output of cold rolled stainless steel row increased by 1.77% month on month, supporting the price of nickel.

3、 Future prospects

Future forecast: stainless steel inventory continues to decline. If the output of stainless steel remains stable growth, the short-term demand for nickel will still be pulled. However, with the completion of downstream replenishment and the gradual impact of the epidemic on demand, the market is still worried about the performance of downstream demand in the later period. Nickel price is expected to perform strongly in the short term, or weak in the medium term.

According to the price monitoring of the business agency, the market price of dry cocoon in China has continued to rise since June. As of the 10th day, the average price of dry cocoon market was 94000 yuan / ton, up 4.44% from the beginning of the month.

The raw silk market rose first and then fell. As of the 10th, the average price of raw silk market was 290000 yuan / ton, down 1.53% from the beginning of the month. With the full listing of spring cocoons in China, the overall purchase price of cocoons has increased. Supported by the cost of raw materials, the overall price of cocoons and silk on the spot has been stable and stronger, but the downstream demand has not significantly recovered, and the transaction has turned weak, and the price of raw silk has slightly dropped.

In June, the fourth batch of spring cocoons in Yizhou, Guangxi began to be listed in batches. According to some local cocoon stations in shibie area, due to the influence of high temperature and rainfall, the fresh cocoons listed are slightly wet, the cocoon layer is thin, and the cocoon quality is average. At present, the purchase price is about 32-34 yuan / kg. On June 6, Chongqing Jinxi silkworm science and technology service station opened the scale to collect cocoons, which marks the official opening of the purchase of cocoons in spring in Qianjiang district. This year, Qianjiang District has implemented 18500 cocoons in spring, and is expected to produce 15000 cocoons. In spring, Jinxi town has distributed 1500 cocoons, and is expected to produce 1200 cocoons, with an estimated income of 2.5 million yuan. More than 4000 spring silkworms raised in Xiuzhou District, Jiaxing, Zhejiang Province, have been carefully raised by many sericultural farmers for nearly a month, and the spring cocoons have achieved a high yield and harvest. According to the sampling survey of 23 sericulture households in four villages of two towns, the highest yield reached 70 kg, the lowest 47.5 kg, and the average yield reached 56 kg, an increase of 2 kg, 3.7% year on year. The price of cocoon reached a new high. The price per load (50 kg) was 1770 yuan, an increase of 20 yuan, 1.1% year on year. The price of cocoon exceeded the expectation. The average income per cocoon was 1982 yuan, an increase of 92 yuan year on year, 4.9% increase.

At present, it has entered June, and the traditional off-season of the downstream textile market has arrived. Due to the lack of support from the demand side, most of the silk factories have increased their accounts receivable and inventory to varying degrees. The capital pressure of the silk factories is large, and the raw silk market has begun to fluctuate downward. At present, the spot market transaction turns to be cold. Although in order to promote consumption and economic vitality, relevant support policies emerge frequently in China. From the issuance of consumption vouchers, 2.5-day rest days, to the local economy, the intention of promoting employment, pulling consumption and reducing inventory is obvious. Some foreign countries have successively opened ports and gradually returned to work and production, but it is still unable to judge the turning point has come. The global textile and clothing industry has been hit hard, and the demand is difficult to recover for a while. According to the import and export data, the total import and export volume of China’s real silk goods from January to march was US $390 million, down 18.45% year on year, accounting for 0.74% of the total import and export volume of China’s textiles and clothing. The export volume was 341 million US dollars, down 18.4% year on year, and the import volume was 48.927 million US dollars, down 18.81% year on year.

Business analysts believe that the current terminal demand is still poor, will restrict the cold cocoon silk industry. In June, the demand of the terminal textile industry will become more and more obvious in the off-season, with a strong wait-and-see attitude towards the market and a rigid demand for raw material procurement. At the same time, the recovery of market demand in Europe and the United States is relatively slow. Except for some orders, other places are basically in a state of stagnation. The cocoon and silk industry with export as the main trade mode will be in trouble, which will have a negative impact on the support of cocoon and silk prices. Therefore, it is expected that the cocoon and silk market will be weak and adjusted.

Price trend:

According to the data monitoring of business agency, the contract price of Sinopec orthobenzene rose 100 yuan / ton this week. As of June 9, the contract price of o-xylene Sinopec was 4300.00 yuan / ton, up from 4200.00 yuan / ton last weekend. Compared with the same period last year, the price of o-benzene is 30.65% lower than that of the same period last year.

Trend of mixed xylene

From the price trend chart of mixed xylene, it can be seen that since May, the price of mixed xylene has continued to rise. In addition to the short-term fluctuation adjustment in the middle of May, the overall price of mixed xylene has increased significantly. As of June 9, the price of mixed xylene has increased by 12.00% compared with the beginning of May. The price of mixed xylene is rising, the cost of o-benzene is rising, and the pressure of o-benzene rising is increasing, which is good for o-benzene market.

Future forecast:

Bai Jiaxin, data analyst of o-xylene of business association, thinks that since May, the price of mixed xylene has been rising, the price of o-benzene raw materials has been rising, the cost of o-benzene has been rising, and the pressure of o-benzene rising is great. The rise of o-benzene in late May eased some of the upward pressure, but the continuous rise of mixed xylene price in June provided significant support for the rise of o-benzene price. At the same time, compared with the same period of previous years, the price of o-benzene is still on the low side, and the pressure of o-benzene rising is greater. However, in the future, the price growth of mixed xylene slowed down. Although the market of phthalic anhydride and plasticizer remained strong, the growth momentum was insufficient, and the support for ortho benzene growth was insufficient. Generally speaking, the market of ortho benzene is generally good, but the rising support is insufficient. It is expected that the future market of ortho benzene will maintain stability.

According to the data monitored by the business association, as of June 9, the average price of domestic rubber grade white carbon black is 4433.33 yuan / ton. The domestic rubber grade white carbon black operates stably, and rubber grade white carbon black plays an important role in tire components. At present, the recovery of passenger cars in China is slow, the market demand is general, and the price of white carbon black has little change.

Product: the domestic rubber grade and high-quality product white carbon black operates stably without obvious price change. At present, white carbon black is widely used in the tire industry. Due to the slow recovery of domestic passenger cars, the market demand for rubber grade white carbon black is poor, and just need to purchase is the main reason. At present, Shandong Lihua New Material Co., Ltd. offers 4200 / T rubber grade and high-quality product, Changtai, Shouguang, Shandong Province The price of rubber grade and superior products in Weina factory is 5000 yuan / ton, and that of rubber grade and superior products in Boai Xiangsheng silicon powder Co., Ltd. is 4500 yuan / ton. The actual list is discussed.

On June 8, the chemical industry index was 670, which was the same as yesterday, 34.06% lower than 1016 (2012-03-13), the highest point in the cycle, and 12.04% higher than 598, the lowest point on April 8, 2020. (Note: cycle refers to 2011-12-01 to now)

According to the white carbon black analyst of business association, the domestic rubber grade white carbon black will continue to operate stably in the short term. (the above prices are provided by the major manufacturers of silica all over the country and analyzed by the business silica analysts for reference only. For more details, please contact the relevant manufacturers for consultation.)

According to the data monitoring of business agency, as of June 8, the average price of n-butanol was 5483 yuan / ton (including tax). Compared with the beginning of June, it was reduced by 100 yuan / ton, down 1.80%, and increased by 500 yuan / ton, up 10.07% compared with the beginning of May.

In May, the market situation of domestic n-butanol was generally good. After labor day, the price of raw material propylene rose, the support of n-butanol cost was strengthened, and the inventory of suppliers was low. Driven by the cost, the quotation of n-butanol market gradually rose. In the middle of May, the start-up load of downstream butyl increased, the demand for n-butanol increased, the purchasing atmosphere in the downstream increased again, the replenishment was positive, and the price rose strongly. As of May 15, according to the data monitoring of the business agency, the average ex factory price of n-butanol in China is 5483 yuan / ton, up about 520 yuan / ton or 10.04% compared with May 1. In the following week, it was heard that the restart time of Northwest n-butanol plant was delayed, confidence in the downstream was boosted, the price of raw material propylene continued to rise, the cost continued to be strongly supported, and the overall market price rose again. As of the 25th, according to the data monitoring of the business agency, The average ex factory price of n-butanol in China is 5666 yuan / ton, up about 700 yuan / ton, or 14.09% compared with May 1. Subsequently, the market maintained stable operation as a whole, until 28, affected by the decline of raw material propylene, the n-butanol market stalled, and some factory quotations fell slightly. By the end of 31 days, according to the data monitoring of business agency, the average ex factory price of domestic n-butanol was 5633 yuan / ton, up 667 yuan / ton, or 13.42% compared with May 1.

Since the beginning of June, the market of domestic n-butanol has been generally stable, with a slight decline. In the first three days, the market has been generally stable, with downstream purchases on demand and general market transactions. On April 4, due to the excessive inventory in some areas of n-butanol, the factory delivered the goods at a profit, and the market price of n-butanol decreased by 50-100 yuan / ton. Then, the market of n-butanol did not continue to decline, and the increase of propylene still gave cost support. Until the weekend, the market of n-butanol remained stable, and the manufacturer mainly handed in the bill, and the downstream just needed replenishment. On August 8, the external sales of some butanol factories increased, the downstream wait-and-see mood was heavy, the trading atmosphere turned weak, and the market quotation slightly fell.

As of June 8, according to the data monitoring of the business agency, the average ex factory price of domestic n-butanol was 5466 yuan / ton, down 100 yuan / ton, or 0.60% compared with June 1. Compared with May 1, it increased 567 yuan / ton, or 11.41%, with the maximum amplitude of 11.41%.

On the upstream side, Shandong propylene price fell back after rising in May, and began to rise again at the end of the month. In June, the domestic propylene (Shandong) market price rose steadily this week and then stabilized. On the first day, the price of propylene continued the upward trend on Sunday, with a slight increase of about 50 yuan / ton. On the second day, the price rose again by about 100 yuan / ton. On the third day, it continued to rise by 100 yuan / ton, and on the fourth day, it slightly increased by 50 yuan / ton. From May to July, the price of some enterprises remained stable. On August 8, the price of some enterprises declined slightly. Now, the market turnover is between 6850-7000 yuan / ton, and the mainstream price is about 6850 yuan / ton.

According to the analysts of n-butanol in business club, it is heard that the number of n-butanol factories returning to work increased in mid June, and the output increased accordingly. In addition to the contract users, the sales orders may increase, which may cause more wait-and-see mood in the downstream, and affect the purchasing atmosphere. However, the market just needs to remain, and it is expected that the rise of n-butanol in the future is weak or has been consolidated.

On June 9, the sulfur commodity index was 34.02, up 3.48 points from yesterday, down 67.24% from 103.84 (2011-11-02), the highest point in the cycle, and up 31.91% from 25.79, the lowest point on February 24, 2020. (Note: cycle refers to 2011-09-01 to now)

According to the price monitoring of the business agency, on September 9, the domestic sulfur market quotation was raised as a whole, and the sulfur production price in East China was 620 yuan / ton, an increase of 11.38% per day. On Tuesday, refineries in various regions adjusted their prices according to their own shipments. The price of sulfur in East China of Sinopec increased by 20-30 yuan / ton, the price of solid sulfur by 590-680 yuan / ton and the price of liquid sulfur by 530-650 yuan / ton. The price of solid and liquid sulfur in North China of Sinopec increased by 30 yuan / ton simultaneously. The price of sulfur in Shandong of Sinopec increased by 80-90 yuan / ton and the price of solid sulfur by 630-640 yuan/ Tons.

At present, the domestic sulfur stock is low, the supply is reduced, and the market quotation is stable and upward. In the downstream, the factory mainly purchases on demand, and the export performance of phosphate fertilizer is acceptable. In the short term, the market lacks the guidance of substantive information, and the delivery and investment are cautious. The industry mainly waits for the performance of domestic fertilizer consumption in the later autumn.

Future market forecast: it is expected that the domestic sulfur market will stay on the sidelines in the short term.

On Monday, June 8, Beijing time, the U.S. WTI crude oil and Brent crude oil prices in the day exceeded $40 / barrel and $43 / barrel respectively. Previously, since April 22, the international oil price has been in the upward cycle for six consecutive weeks, and WTI has increased by more than 200%. Why is the price of oil advancing with great momentum under the background of the pressure of supply and demand and the fact that the epidemic has not been completely controlled?

To make this clear, first of all, we have to start with the production reduction policy of the OPEC + oil production alliance led by Saudi Arabia and Russia. Undoubtedly, the active production reduction of oil producing countries has contributed indelible power to the “recovery from the dead” of oil prices. OPEC + cut production by a record 9.7 million barrels per day in May, a record that had been set until the end of June. However, on July 7, at the OPEC + ministerial video conference, the market was reassured by the results, and OPEC agreed to extend the measures to reduce production by 9.7 million barrels / day for one month until the end of July. At the same time, countries that fail to achieve a 100% reduction in production between May and June will need to compensate between July and September. Oil prices did not disappoint oil producing countries, and prices rose by waves. Obviously, in the face of balancing the new supply and demand pattern of the oil market, OPEC + has the best credit. Coincidentally, on June 7, it was reported that Saudi Arabia increased its crude oil export price significantly to warm up the oil market. Since June 7, Saudi Arabia’s official price of various crude oil exports from various regions has increased significantly. Saudi Aramco raised the price of all grades of crude oil to Asia by $5.60- $7.30 per barrel in July. OPEC + oil producing countries cut production for a record period of time, Saudi Arabia’s crude oil export price increased, many factors pushed the crude oil price to above $40.

The supply of global oil market is decreasing, and the problem of exhausted storage capacity is not a problem. The “sword of Damocles” that hung above the head of the world’s oil price has been removed. The latest U.S. inventory data also encouraged market confidence again. The EIA released data showing that the inventory of crude oil depots decreased by 2077000 barrels in the week of May 29, with a previous increase of 7.928 million barrels and an expected increase of 3.038 million barrels. In addition, the level of active drilling rigs in the United States continues to decline, Baker Hughes) last Friday reported that in the week of June 7, the number of oil and gas drilling platforms in the United States fell by 17 again, to 284, a total decrease of 691 compared with the same period last year, which is also the lowest record this year. As a result, the data showed that the oil production in the United States fell again, with an average of 11.2 million barrels / day in the week to May 29, down 1.9 million barrels / day compared with the highest level in history, compared with the same period last year Down 200000 barrels / day. This is the ninth consecutive week of decline in production. The decline in US crude oil production has also contributed to the rise in oil prices.

In addition to the positive supply side, the significant positive non-agricultural data of the United States in May ignited the market enthusiasm. Facts have proved that the demand side of crude oil is also improving. Although the current epidemic is not completely controlled, the pace of economic restart in the world has not stopped. Especially in Europe and the United States, the restrictions are gradually lifted, and the fuel demand is obviously picking up, which provides a strong support for oil prices 。 In addition, China’s demand growth is particularly eye-catching. The latest data shows that China’s crude oil import in May broke the historical record. China’s crude oil import in May increased by 15% compared with April, reaching 47.97 million tons. That’s 11.34 million barrels a day, up 15% from April, the largest monthly import volume on record. With the operation of domestic enterprises gradually returning to normal, China’s manufacturing production has rebounded for three consecutive months month on month. It can be said that the strong recovery after China’s economic epidemic has also opened up some demand for the global oil market.

Although the oil price continues to rise, like a runaway wild horse, in addition to the improvement of the supply and demand side, it also does not exclude the factors of market speculation. Maybe WTI is at the threshold of $40, and will continue to be tested later. In addition, there are some worries about the rise of oil prices. In addition to the impact of the epidemic, although there are data indicating the decline of crude oil inventory in the United States, there is a sharp increase in refined oil products. EIA data shows that in the recent week, the gasoline inventory in the United States increased by 2.796 million barrels, with a previous value of 724000 barrels, with an expected increase of 1 million barrels; refined oil inventory increased by 9.935 million barrels, with a previous value of 5.495 million barrels, with an expected increase With an increase of 2.686 million barrels, it can be seen that the increase of refined oil storage is more than expected, indicating that the current demand is still not optimistic, which will also become a stumbling block for the further rise of oil prices. On the whole, oil prices may be more volatile in the near future, not excluding the possibility of short-term price correction.

According to the data monitoring of the business agency: in June, the demand for hydrogen peroxide terminals improved, gradually getting rid of the depressed market in May, and the price rose by 3% at the beginning of the month. On June 8, the hydrogen peroxide terminal concentrated its efforts, with the average ex factory price of 856 yuan / ton, 10.3% higher than that at the beginning of the month, and 7.53% higher per day.

Terminal demand downturn hydrogen peroxide fell for 4 months in the first half of 2020

According to the monthly rise and fall chart of hydrogen peroxide of the business club, after the surge of 25.36% in October 2019, hydrogen peroxide began to enter the downward channel, and the price continued to decline. In 2020, except for January, the overall price rose by 0.9% and fell for four months in a row. In February and April, the price dropped by more than 10%, even close to 20%.

In the first half of 2019 and the first half of 2020, it is the opposite. It has been rising for four months in a row. In three months, it has increased by more than 10% and the highest by more than 20%. In 2019, the price of hydrogen peroxide rose for three months, mainly because the price of downstream caprolactam continued to rise. In addition, the export volume of some plates was good, the purchase volume of hydrogen peroxide increased, the terminal demand was supported, the hydrogen peroxide manufacturers were confident in the price and the price rose all the way.

In 2020, after the Spring Festival, the hydrogen peroxide terminal papermaking and printing industry is in a recession, and hydrogen peroxide manufacturers have started to work one after another, with loose supply and falling prices. Since April, the export orders of downstream products, such as bleached boards, have declined, and the price rise is hopeless, continuing to decline. As of April 30, hydrogen peroxide was 28.66% lower than that at the beginning of February, and caprolactam was 24.04% lower than that at the beginning of February.

After May 1, the price of terminal caprolactam products soared, the purchase demand turned warm, and the price of hydrogen peroxide rebounded. Due to the relatively loose supply, the price rose and then fell.

Terminal manufacturers focus on purchasing hydrogen peroxide in June

In May, the paper market ended its decline and ushered in an improvement, with a monthly increase of 1.83%, and the hexanolenediamine market rose. At the beginning of June, the terminal started the stock market, all efforts were made, caprolactam manufacturers centralized procurement, sulfur dioxide urea customers increased purchase orders, Chenming paper industry, Cangzhou Xuyang one after another procurement, rigid demand increased. In addition, on June 9, the hydrogen peroxide manufacturers in Dezhou real Chemical Co., Ltd. shut down for maintenance, with tight supply and favorable support, and the hydrogen peroxide manufacturers raised their prices one after another.

On June 8, the price of hydrogen peroxide rose one after another. The price of 27.5% hydrogen peroxide of Luxi Chemical Industry was 780 yuan / ton, 60 yuan / ton higher than that of last week; the price of 27.5% hydrogen peroxide of Hebei Zhengyuan fertilizer industry was 850 yuan / ton, 100 yuan / ton higher; the price of 27.5% hydrogen peroxide of Anhui Quansheng was 980 yuan / ton, 80 yuan / ton higher.

Bearish still in the hydrogen peroxide boom space is still limited

Li Bing, an analyst of hydrogen peroxide in business club, believes that in the short term, manufacturers will shut down for maintenance, supply is tight, the terminal market will gradually pick up, and the price of hydrogen peroxide will still rise slightly. As the price of hydrogen peroxide terminal caprolactam is at a high level, the paper market is rising slightly, and the paper printing industry has not ushered in a real period of big rise. Hydrogen peroxide is still a flash in the pan this time, and the momentum is insufficient.

Bisphenol a market continues to rise. According to the monitoring of the business agency, the market offer was 8800 yuan / ton on May 5, 12250 yuan / ton on June 8. After the May Day holiday, the market of bisphenol A has risen 39.2% in total. Under the pressure of cost, the construction of bisphenol a plant has been reduced, and the price of the factory’s license plate continues to push up.

The listing price of BPA plant has been greatly increased. According to the monitoring of business agency, the price adjustment of domestic mainstream BPA plants is as follows:

From the cost point of view, phenol and acetone showed an overall upward trend, especially after two months of sharp rise in acetone, and now the offer is equivalent to BPA. Up to now, phenol offers 7600-8000 yuan / ton, and acetone offers 12000-12300 yuan / ton. Therefore, the theoretical cost range of BPA plant is (9852-10280) + 2000 = 11852-12280 yuan / ton, and most of the plants are near the profit and loss line.

As can be seen from the above figure, the bisphenol a market has risen sharply in recent two months, especially the acetone market, which has risen from 4000 yuan / ton to 12000 yuan / ton. At present, the market is in short supply, the inflection point of the market is not visible, and the short-term acetone market is stable. Another important raw material phenol, the market opened on June 8, the factory pushed up sharply, the market mentality was strongly supported, the reluctance to sell was obvious, the traders mostly covered the offer but did not report, and the actual offer was as high as 8000 yuan / ton.

Downstream liquid epoxy resin and PC rose. The downstream liquid epoxy resin operates at a high level as a whole, the terminal wind power industry is developing well, the enterprise’s operating rate is running at a high level, and the mainstream negotiation of the epoxy resin market operates at a high level of 20000-20500 yuan / ton. In terms of PC, according to the monitoring of the business agency, it increased from 12300 yuan / ton on May 8 to 14500 yuan / ton on June 8, with a monthly increase of 17.89%.

In the view of the business community, the cost of raw materials is strongly supported, the listing of the factory is actively increased, and the market offer is obviously pushed up, but the terminal offer is not optimistic. The downstream just needs to purchase. It is expected that the short-term BPA market will run at a high level, or continue to push up in a narrow range. The market offer reference is 12500-12800 yuan / ton.

According to the monitoring data of the business agency, on May 31, the acetone market in East China reported 9000 yuan / ton. On the first day of June, the market situation was still affected by various positive and negative aspects. More people were still skeptical about the breaking of acetone. As a result, the acetone rose by 10% in three days. Looking back on the history of nearly ten years, the market was once close to 10000 yuan in the fourth quarter of 2013 and breaking of 10000 yuan in 2011 。 As of June 3, the closing price of East China market was 10200 yuan / ton, South China market was 9900-10100 yuan / ton, and North China market was 10250-10500 yuan / ton.

Average price trend of acetone in East China in the past month

On March 3, major domestic mainstream factories actively adjusted prices, and the market once again pushed up more than 10000 yuan. Sinopec North China (Yanshan Petrochemical and Zhongsha Tianjin) reported an increase of 400 yuan / ton for 9300 yuan / ton, Shanghai Gaoqiao and Sinopec Mitsui increased 450 yuan / ton for 9200 yuan / ton, Yangzhou Shiyou increased 300 yuan / ton for 9600 yuan / ton, Lihua yiweiyuan increased 400 yuan / ton for 9600 yuan / ton, Huizhou Zhongxin increased 1000 yuan / ton for 9800 yuan / ton. The market has reached a state where one product is hard to get. The price range is 9900-10500 yuan / ton. The goods holders are reluctant to sell. It is clear that there are few offer traders. There are still factories in the downstream who actively follow the inquiry for replenishment.

Although the current profits of phenol and ketone enterprises are quite high, which is expected to be 3500-4000 yuan / ton, the rising cost still plays a supporting role. First, the price of pure benzene increased by 50 yuan / ton in a narrow range, and the market negotiation was 3500-3630 yuan / ton. The price of propylene, another raw material, rose significantly in Shandong. On June 1, the price of propylene continued to rise by about 50 yuan / ton on Sunday. On June 2, the price rose again by about 100 yuan / ton, and on March 3, it continued to rise by 100 yuan / ton. Now, the market transaction has reached 6800-6950 yuan / ton, and the mainstream price is about 6800 yuan / ton , the market supply is still free of pressure, the price is expected to continue to rise, and the rising cost is a strong support for the acetone market.

The market of downstream BPA has increased significantly. The factory has raised the listing price by 600-1000 yuan / ton for many times in a row. Many factories have been listed to 12000 yuan / ton. Some factories have suspended the offer and no goods have been sent out. The negotiation of BPA in East China has reached 11300-11500 yuan / ton. Under the cost pressure, BPA has increased significantly in the near future, and the downstream conflict is obvious. The purchasing enthusiasm is also decreasing, and the transaction situation is poor. The other important downstream isopropanol plants are mostly contract orders, and the overall production cost is still controllable. The overseas orders are arranged to the end of June, and the plants mainly produce as planned.

In the view of the business community, the acetone market has been positive and frequent in the past two months. The downstream demand for bisphenol A and isopropanol has continued to be good. Other downstream companies also have replenishment in the face of losses. Under the current tight supply of goods in the market, the enterprise overhauls. The supply of goods in the market is rare. The terminal keeps up with the increase in replenishment, and the transaction is OK. It is estimated that the acetone market is still at a high level in the short term, and the market negotiation is over 10500 yuan / ton.