The production of basic chemicals fell in the seco

2022-06-23
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In the second quarter of this year, affected by the deterioration of the macroeconomic environment and the loss of the cost support of high oil prices, the market volume and price of basic organic chemical products fell simultaneously. In the third quarter, the market environment will be improved

in the second quarter of this year, the price of WTI crude oil was $103/barrel at the beginning of the quarter and $85/barrel at the end of the quarter. The quarterly average price was USD 93/barrel, down 9.4% month on month and 8.8% year on year

affected by the slowdown of global economic growth in the second quarter, the market demand for basic organic chemical products shrank significantly and market transactions decreased. Driven by the decline in crude oil prices, the market transaction prices fell sharply. In the second quarter, the processing range of downstream devices was generally narrowed, the operating rate of upstream and downstream devices decreased significantly, and the overall market of basic organic chemical products showed a trend of both volume and price decline

in the third quarter, the macroeconomic environment will be improved. Europe has adopted the bank rescue and economic stimulus plan, the negative impact of the European debt crisis on the market has been weakened, and China has also successively introduced measures to stabilize growth. At the same time, the climate, geopolitics and the U.S. economic stimulus plan in the third quarter led to more positive than negative factors for the strength of crude oil prices. This will help the market price of basic organic chemical products come out of the current bottom. At the same time, after the baptism of the rapid decline of the market in May and June, the upstream and downstream factories have conducted de stocking operations. With the recovery of market confidence, there is a huge demand for replenishment, which also creates favorable conditions for the rapid rebound of the basic organic chemical products market in the third quarter

pure benzene fell behind.

in the second quarter, the FOB price of pure benzene in Korea was US $1181/ton at the beginning of the quarter, US $1055/ton at the end of the quarter, and the quarterly average price was US $1106/ton. The quarterly average price fell 6.4% month on month and 3.5% year on year. The price in the domestic East China market is 8550 yuan/ton at the beginning of the quarter, 7300 yuan/ton at the end of the quarter, and the quarterly average price is 8153 yuan/ton. The quarterly average price fell by 3.4% month on month, with a year-on-year increase of 5% and a long service life of 3.7%

the Asian pure benzene market experienced Consolidation - decline - consolidation in the second quarter. In April, the Asian pure benzene market continued to adjust horizontally. The instrument uses the optical projection method to align the V-shaped and U-shaped notches of the tested impact samples with the standard sample drawing. Affected by the slight decline of crude oil price and the sluggish downstream demand, the transaction in Asian pure benzene market was flat. However, due to the increase of fuel demand in the United States, the supply of pure benzene was insufficient, the Asian American arbitrage window was opened, and the excess resources in Asia flowed to the United States, prompting the price of pure benzene in Asia to be adjusted horizontally. In mid May, with the decline of oil price and the closing of Asian American arbitrage window, it was difficult to ship pure benzene in Asia, and the price fell accordingly. In June, with the stability of oil price, the price of pure benzene was adjusted horizontally around us $1000/ton. In late June, with the reopening of the Asian American arbitrage window, the market price recovered slightly. In the second quarter, the price of domestic pure benzene basically fell synchronously with that of the external market. However, due to the continuous release of new demand in the domestic market, the market supply was insufficient, and the decline of the domestic pure benzene market was relatively slow compared with that of the external market. Due to the rapid decline of the downstream markets for styrene, phenol, aniline and cyclohexanone, the downstream processing range is seriously insufficient, and the downstream plants are forced to reduce the operating load. Affected by this, the price of domestic pure benzene accelerated its decline in June

in the third quarter, there were many downstream maintenance devices in China, but the new demand will continue to release, and the market supply is slightly insufficient. Meanwhile, influenced by the opening of the Asian American arbitrage window, the external market will gradually strengthen. Therefore, it is expected that the pure benzene market will rebound rapidly in the third quarter and get rid of the strong operation at the bottom

toluene rose and fell

in the second quarter, the FOB price of toluene in Korea was $1216/ton at the beginning of the quarter, $1015/ton at the end of the quarter, and the quarterly average price was $1106/ton. The quarterly average price fell 7.8% month on month, up 1.5% year on year. The price in the domestic East China market is 9280 yuan/ton at the beginning of the quarter, 7805 yuan/ton at the end of the quarter, and the quarterly average price is 8636 yuan/ton. The quarterly average price fell 3.7% month on month and rose 1.1% year on year

in the second quarter, the price of toluene in Asia fell from a high level

in April, supported by the oil price, the toluene price continued to be strong at a high level. In the middle of May, TDI manufacturers gradually entered the state of shutdown and maintenance, the demand for chemical synthesis decreased significantly, and the solvent was also in a depressed state. The oil price fell sharply. Under the pressure of weak cost support and weak downstream demand, the price of toluene in Asia began to decline sharply. In June, with the stability of oil price, the price of toluene began to build a chassis. In the second quarter, the domestic toluene market was affected by the expected increase in the price of refined oil in April, and the demand for oil transfer was strong. At the same time, the internal and external prices are upside down, and the source of imported goods is small, which leads to the continuous rise of the domestic toluene Market. By the beginning of May, the maximum transaction price of small orders in the market once exceeded 9500 yuan/ton. In the middle of May, the inventory of domestic refined oil depots rose, and the demand for oil transfer decreased rapidly. At the same time, with the decline of oil price gb/t 17640 (1) 998 geosynthetics filament woven geotextiles, the toluene market has declined rapidly. In June, the refinery began to release toluene, resulting in further oversupply, which accelerated the decline of the domestic toluene Market

in the third quarter, domestic refineries reduced the operating load, the market supply decreased, and the demand for chemical synthesis such as downstream TDI and caprolactam will gradually recover. It is expected that the toluene market will quickly come out of the bottom, but due to the loose supply of refined oil in the market, the demand for oil transfer is insufficient, and the toluene market price is difficult to operate at a high level

note: the reprinted contents are indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with their views or confirm the authenticity of their contents

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