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High cost is a preset
Recently, the domestic ethylene oxide market has moved up steadily. The main downstream polyether order of cyclopropyl has continued to be optimistic, and the enthusiasm for purchasing raw material cyclopropyl has been good. Most of the cyclopropyl factories have no inventory, and the offer continues to rise. Until the close of the Shandong market, mainstream negotiation is 13500 -13,600 yuan / ton of cash is shipped out of the factory, and the high cost is not alleviated. The profits of propylene glycol and dimethyl have increased. Market participants are mostly optimistic about the cyclopropene market in September, and propylene glycol manufacturers are actively pushing up.
Tight spot supply is a boost
The recent spot supply of dimethyl ester continues to be in short supply, the Red Sifang plant has been shut down for maintenance, and the new plant of Zhejiang Petrochemical has not been put into mass production. There are many export orders in the factory, the spot supply continues to be tight, and the price of goods has risen. As for propylene glycol, the downstream resin has been stable recently. The prices of product ethylene glycol and diethylene glycol are relatively low, and the enthusiasm for resin purchases is not high, and they are more cautious to cover positions on demand. Last week, prices fell to a relatively low level, some downstream replenishment, factory inventory pressure eased, reluctance to sell offers, Haike equipment in September In addition to the maintenance plan and the recent high price of cyclopropyl, the profit is considerable. Some factories focus on cyclopropyl production, and propylene glycol shrinks significantly. In mid-to-early September, the overall supply of propylene glycol and dimethyl ester may continue to be tight.
Fear of rising and follow up mentality is the guarantee
Although the overall downstream buying atmosphere has been flat recently, it is cautious to cover up positions on demand. However, the raw material cyclopropyl is rising sharply, and the downstream is forced to follow up in the conflict. Last week, the downstream polycarbonate of dimethyl carbonate just needed to cover up the volume, and the electrolyte has obvious conflicts. Be cautious and just need to follow up. The demand for loose orders is average and trading is limited. At present, the overall spot of dimethyl ester is obviously tense. The factory is reluctant to sell and report high. The spot of factories and traders is limited. Just-needed buying will follow up in a small amount of resistance.
In the short-term, the restart time of the dimethyl repair plant is undetermined, the new equipment has not yet been mass-produced, the tight spot supply continues, and the cost is running at a high level, and it is difficult to fall back in the short term. The dimethyl ester market is expected to operate at a high level. In terms of propylene glycol, the cost side is strong, and some factories are overhauled. The spot supply is slightly looser than that of dimethyl ester. Manufacturers are reluctant to sell and are expected to run strongly; there are still orders to be delivered after the restart of the Red Sifang device. The spot supply of dimethyl carbonate is unlikely to be greatly improved, but we still need to pay attention to the linkage impact of the dimethyl carbonate and propylene glycol market after the release of new capacity in the market outlook.
