List of ethylene glycol prices

According to data from Business News Agency, on September 1st, the average price of domestic oil to ethylene glycol was 4136.67 yuan/ton, an increase of 1.89% compared to the beginning of the month. The prices in various regions are as follows:

The price range for spot goods executed by mainstream manufacturers in East China is between 3950-4200 yuan/ton; The spot price of ethylene glycol in the South China market is 4050 yuan/ton, while the price range for mainstream manufacturers in Central China is 3950 yuan/ton; The spot price for mainstream manufacturers in North China is 4350 yuan/ton.

The factory price of coal based ethylene glycol is low, with a current price range of 3550-3700 yuan/ton.

On August 31st, the CIF price of ethylene glycol in China was 466 US dollars/ton; The CIF Southeast Asia price is 481 US dollars per ton.

Ethylene glycol fundamentals

The port inventory is high and in a continuous accumulation state; On the supply side, there is an expectation of an increase in production due to the restart of equipment in the early stage; On the demand side, the sustainability of polyester’s high start-up rate needs further observation. The supply and demand fundamentals of ethylene glycol are relatively weak, but the cost support has recently strengthened. The upward trend in crude oil prices and the synchronous increase in coking coal prices have formed strong cost support for ethylene glycol. The recent game point is whether the emotional benefits brought by cost factors can suppress the reality of weak fundamentals.

According to the Commodity Market Analysis System of the Business Society, the domestic TDI price trend was fluctuating in August. At the beginning of the month, the average TDI market price was 18100 yuan/ton, and at the end of the month, the price was 18500 yuan/ton. Within the month, it increased by 400 yuan/ton, an overall increase of 2.21%.

In August, the TDI market experienced a high level of volatility and overall performance was relatively strong. At the beginning of the month, TDI prices rose significantly, mainly due to the dense supply of positive news from suppliers, and strong demand from holders. Overseas BASF in South Korea and Mitsui TDI devices in Japan shut down, foreign supply tightened, and domestic orders improved. At the same time, news of a device load reduction by a large factory in North China was released, and on-site spot supply was tight, supporting a significant increase in TDI prices; By the 17th, TDI prices fluctuated within the range, and at this stage, spot prices continued to be tight. Downstream demand followed up, and trading in the trade market was moderate. The market mentality was mostly wait-and-see; In the later stage, demand weakens, downstream follow-up is limited, and the trade market mentality is entangled. Some holders have reported downward, and the focus of market transactions continues to decline slightly.

The upstream toluene market rose narrowly, with a price of 8090 yuan/ton at the end of the month, an increase of 230 yuan/ton or 2.93% compared to the price of 7860 yuan/ton at the beginning of the month. On the cost side, the price of naphtha fluctuates and increases, and the rise in raw material prices is good for toluene support. The international crude oil price fluctuates at a high level, and toluene cost support still exists. At the same time, driven by the increase in exports, the toluene market is operating at a high level.

According to the TDI data analyst from the Business Society, the supplier’s stock situation is tight, and the factory’s attitude towards the market is mainly positive. Downstream customers have a resistance towards high prices, and their enthusiasm for entering the market is average. Market trading is light, and there is insufficient support for positive market conditions on the market. Under the supply and demand game, it is expected that the TDI market will remain stagnant in the future, and specific attention will be paid to downstream follow-up.

Overview of Boric Acid Market

According to the Commodity Market Analysis System of the Business Society, the price of boric acid was relatively stable in August. As of August 30th, the average market price of boric acid in China was 7390 yuan/ton, an increase of 0.03% compared to the beginning of the month. However, compared to the beginning of the year, the average market price was 8100 yuan/ton, a decrease of 8.77%.

At present, the external quotation for imported goods is concentrated at 7000-8200 yuan/ton (the actual transaction price of different brands, specifications, and products is mainly negotiated). According to the Commodity Market Analysis System of Business Society, the average market price of imported boric acid is 7681.82 yuan/ton, an increase of 0.96% compared to the average market price at the beginning of the month.

Business Society Boric Acid Analysts believe that boric acid is gradually entering the long short game stage, with prices mainly fluctuating sideways.

Overview of Boric Acid Market

According to the Commodity Market Analysis System of the Business Society, the price of boric acid was relatively stable in August. As of August 29th, the average market price of boric acid in China was 7390 yuan/ton, an increase of 0.03% compared to the beginning of the month. However, compared to the beginning of the year, the average market price was 8100 yuan/ton, a decrease of 8.77%.

At present, the external quotation for imported goods is concentrated at 7000-8200 yuan/ton (the actual transaction price of different brands, specifications, and products is mainly negotiated). According to the Commodity Market Analysis System of Business Society, the average market price of imported boric acid is 7681.82 yuan/ton, an increase of 0.96% compared to the average market price at the beginning of the month.

Business Society Boric Acid Analysts believe that boric acid is gradually entering the long short game stage, with prices mainly fluctuating sideways.

List of ethylene glycol prices

According to data from Business News Agency, on August 28th, the average price of domestic oil to ethylene glycol was 4060 yuan/ton, a decrease of 1.97% compared to 4141.67 yuan/ton at the beginning of the month. The prices in various regions are as follows:

The price range for spot goods executed by mainstream manufacturers in East China is 3900-4160 yuan/ton; The spot price of ethylene glycol in the South China market is 4050 yuan/ton, while the mainstream manufacturers in Central China have a spot price range of 3900 yuan/ton for external execution; The spot price for mainstream manufacturers in North China is 4160 yuan/ton.

On August 24th, the CIF price of ethylene glycol in China was 467 US dollars/ton; The CIF Southeast Asia price is $469 per ton.

Ethylene glycol fundamentals

Affected by the reduction in raw material crude oil production in July and the upward trend in domestic coal prices, the cost support for ethylene glycol has strengthened compared to the previous period.

On the demand side: downstream polyester maintains high operating rates, with a polyester operating rate of over 90%; Terminal new orders followed up slightly month on month, but remained at a low level year-on-year.

From the supply side, the operating rate of domestic ethylene glycol is still high, and some devices have restarted. Shenghong Refining and Chemical’s 1 million ton unit has been lifted to 70-80%, and the Shaanxi Coal Yulin unit has been restored. Currently, it is still in the stage of oversupply.

In terms of port inventory, as of August 28th, the inventory of ethylene glycol at the East China main port was 1.0716 million tons. Recently, there has been a concentration of port arrivals, and there is a phenomenon of accumulated inventory in the data.

Ethylene glycol callback in August

In July, due to the influence of raw material prices, there was strong support for the cost of ethylene glycol; However, the supply and demand fundamentals are still weak, and after the correction of ethylene glycol prices in August, they gradually entered the gaming platform range. At present, the supply and demand of ethylene glycol are both strong, and it is expected to enter a fluctuating range in the short term, with a weak trend at present.

1、 Price trend

According to the monitoring of the commodity market analysis system of the Business Society, the spot price of PVC carbide SG5 has risen this week. Last Friday, the average domestic PVC price was 6028 yuan/ton, and this Friday’s average price was 6192 yuan/ton, with a price increase of 2.72% during the week.

2、 Market analysis

The domestic spot market price of PVC has risen this week. Upstream calcium carbide prices have risen this week. On Wednesday and Thursday, the PVC stock market continued to rise, and spot prices gradually followed suit, making it difficult to find low-priced sources of goods. However, downstream market demand is average, resisting high prices, and actual order follow-up is slightly insufficient. As of now, the quotation range for PVC5 carbide materials in China is mostly around 6050-6350 yuan/ton.

On August 24th, international crude oil futures slightly increased. The settlement price of the main contract for WTI crude oil futures in the United States was $79.05 per barrel, an increase of $0.16 or 0.2%. The settlement price of the main contract for Brent crude oil futures was $83.36 per barrel, an increase of $0.15 or 0.2%.

In terms of calcium carbide, according to data monitored by the Business Society, the prices of calcium carbide manufacturers have increased this week. Last Friday, the average price of calcium carbide was 3133.33 yuan/ton, while this Friday’s average price was 3183.33 yuan/ton, with a price increase of 1.6% during the week. Upstream blue charcoal prices have stabilized at a low level, with average cost support. Downstream PVC prices have risen, and demand for calcium carbide has increased. In the future, it is expected that the factory price of calcium carbide in the northwest region may slightly increase, with consolidation being the main focus.

3、 Future Market Forecast

PVC analysts from Business Society believe that the trading atmosphere in the PVC spot market this week is still good, with futures prices rising, driving confidence in the spot market. Upstream calcium carbide prices have increased, providing strong support and benefiting the PVC market. It is expected that the PVC market will stabilize and consolidate in the short term, and we will closely monitor changes in the news.

According to the analysis system of the commodity market of the Business Society, as of August 24th, the price of PET water bottles has been stable, with an average price of 7320.00 yuan/ton. Compared to the same period last week, the price has been mainly stable, and the market supply and demand are balanced. Currently, the mainstream price is around 7200 yuan/ton.

This week, the domestic PET price remained stable and weak, with a narrow range compared to the same period last week. Currently, the focus of negotiations is stable and the mainstream price is around 7200 yuan/ton. Downstream restocking is on demand, and the negotiation atmosphere is average. Manufacturers mainly offer discounts and take orders, while upstream cost support is average, and stable operation is the main trend.

Rubber and plastic commodity index: On August 23, the rubber and plastic index was 674 points, an increase of 2 points from yesterday, a decrease of 36.42% from the highest point in the cycle of 1060 points (2012-03-14), and an increase of 27.65% from the lowest point of 528 points on April 6, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

PET analysts from Business Society believe that the PET market is expected to operate in a narrow and weak range in the short term, with prices remaining around 7200 yuan/ton.

Overview of Boric Acid Market

According to the Commodity Market Analysis System of the Business Society, the price of boric acid fell first and then rose in August, causing sideways fluctuations. As of August 23rd, the average price of boric acid in the domestic market was 7362.5 yuan/ton, an increase of 0.34% compared to the beginning of the month. However, compared to the beginning of the year, the average market price was 8100 yuan/ton, a decrease of 9.10%.

At present, the external quotation for imported goods is concentrated at 7000-8200 yuan/ton (the actual transaction price of different brands, specifications, and products is mainly negotiated). According to the Commodity Market Analysis System of Business Society, the average market price of imported boric acid is 7690.91 yuan/ton, an increase of 1.44% compared to the average market price at the beginning of the month.

Business Society Boric Acid Analysts believe that boric acid is gradually entering the long short game stage, with prices mainly fluctuating sideways.

According to the Commodity Analysis System of the Business Society, as of August 22, the average price in the Shandong market was 1994.00 yuan/ton, an increase of 0.25% compared to the price of 1989.00 yuan/ton on August 14.

On August 22nd, the petroleum coke commodity index was 155.09, an increase of 2.92 points compared to yesterday, a decrease of 62.05% from the cycle’s highest point of 408.70 points (2022-05-11), and an increase of 131.86% from the lowest point of 66.89 points on March 28th, 2016. (Note: The cycle refers to the period from September 30th, 2012 to the present)

The international crude oil market has been fluctuating and declining recently. On the macro level, the expectation of the Federal Reserve raising interest rates is putting pressure on the oil market. The supply and demand side has shown a stalemate in the game, and the tight supply situation continues. However, the North American driving season is gradually coming to an end, coupled with weak Chinese economic data, causing investors to worry about the future demand prospects.

Supply side: low inventory of petroleum coke in the refining coke warehouse at the port where a large amount of petroleum coke is shipped

The inventory of petroleum coke in domestic ports continues to decline. Recently, there have been fewer imported petroleum coke arriving at ports. In addition, downstream procurement is active, and import traders have a strong willingness to ship. The speed of port shipment is relatively high, and the inventory of petroleum coke in ports is still mainly destocking. Recently, the shipment of refined petroleum coke has been good, with overall low inventory in refineries and good downstream demand, driving up the price of refined petroleum coke.

On the demand side: terminal operating rate increases, demand increases

Recently, the spot price of metal silicon has continued to rise. As of August 18th, the number of silicon metal furnaces in China has reached 350, with an overall furnace opening rate of 48.75%, an increase of 5 units compared to the previous month. After the recent Universiade, production in Sichuan has gradually resumed, while overall production in Yunnan has remained stable, while the number of furnaces in Xinjiang has maintained an increase. The operating rate of metal silicon has slightly increased, providing slight support for the procurement of petroleum coke, with more demand being the main focus.

Recently, the overall market situation of calcined coke has remained stable. After the opening of aluminum factories in the southwest region, the demand for carbon for aluminum has improved, and the supply of electrolytic aluminum continues to increase, which is beneficial for the demand for petroleum coke; The enthusiasm for purchasing graphite electrodes and carburetors in the market is average.

Future prediction: Currently, the overall trading volume of Shandong’s refined petroleum coke is good, and the overall inventory of refined petroleum coke is at a low level, with good downstream demand. Recently, the overhaul of the refinery has ended, coupled with a large shipment of petroleum coke from the port, the market supply has increased, and downstream wait-and-see sentiment has increased, with on-demand procurement being the main focus. It is expected that the refining of petroleum coke in the near future will mainly undergo minor fluctuations and consolidation.

Recent price trends of isooctanol

According to the Commodity Analysis System of Business Society, the domestic tetrahydrofuran market price has temporarily stabilized this week. The average price of tetrahydrofuran in the mainstream domestic market this week is 12675.00 yuan/ton. Weekend prices fell by 14.36% year-on-year.

Upstream support is good, while downstream demand is average

From the supply side perspective, the prices of mainstream domestic tetrahydrofuran distributors are temporarily stable this week, with average inventory levels.

From the upstream raw material market of tetrahydrofuran, the market for 1,4-butanediol has slightly increased this week, with prices rising from 11350.00 yuan/ton at the beginning of the week to 11442.86 yuan/ton at the end of the week, an increase of 0.82%. Weekend prices increased by 12.60% year-on-year. The market situation of maleic anhydride has significantly increased this week, with prices rising from 6530 yuan/ton at the beginning of the week to 7020 yuan/ton at the weekend, an increase of 7.50%. Weekend prices fell 3.04% year-on-year. Overall, the upstream raw material market prices have slightly increased, with good cost support. Affected by the supply and demand side, it has a positive impact on the price of tetrahydrofuran.

From the downstream market situation of tetrahydrofuran, the spandex market price has stabilized at a high level this week. The price of spandex is 33625.00 yuan/ton. Weekend prices increased by 1.89% year-on-year. Downstream spandex market prices have stabilized at high levels, and downstream customers are actively purchasing tetrahydrofuran.

Future prospects

In late August, the domestic tetrahydrofuran market may experience slight fluctuations and gains. The upstream 1,4-butanediol and maleic anhydride markets have slightly increased, with good cost support. The downstream spandex market has stabilized at a high level, and downstream demand is good. Business Society tetrahydrofuran analysts believe that in the short term, the domestic tetrahydrofuran market may fluctuate slightly and rise mainly due to various factors such as supply and demand and raw materials.