Introduction
Recently, the overall domestic methacrylic acid market has shown a trend of high-level finishing operations. At the beginning of the end of the Spring Festival holiday, the market price has shown a trend of high-level exploration and operation, rising by 1,000-1,500 yuan/ton compared to before the holiday.
It is difficult to find low-priced sources of methacrylic acid in the domestic market. The actual negotiated price in the market is around 15500-16000 CNY/ton. Domestic downstream end users of methacrylic acid showed a positive trend in placing orders and receiving orders, and the overall trading atmosphere showed a positive trend. At present, the overall domestic methacrylic acid market is showing a stable and positive trading pattern. In addition, the overall operating load rate of production enterprises is relatively low, and the market price continues to be high.
First of all, domestic methacrylic acid market prices continue to operate at a high level, which is related to the low overall operating load rate of upstream production enterprises.
At the beginning of the end of the Spring Festival holiday, the overall domestic methacrylic acid market operating load rate showed a low operating trend. Heze Huali methacrylic acid and its ester equipment was shut down for maintenance from February 17th to March 2nd. The Huayi Yuhuang methacrylic acid plant continued its low-load operation, and the entire line was shut down for one month from the end of March. Affected by the low overall operating load of domestic methacrylic acid production enterprises, the overall spot supply of domestic methacrylic acid products showed a tight operating trend. In addition, the overall trading atmosphere of methyl methacrylate, a related product of methacrylic acid, is also showing a stable and positive trend. Therefore, some manufacturers are also focusing on the production of methyl methacrylate recently.
In addition, in terms of imported goods, at the beginning of the end of the Spring Festival holiday, the overall supply of imported methacrylic acid also showed a tight operating trend. The overall supply of imported goods is relatively small, and the overall negotiated price range of the market maintains a high offer.
Secondly, the domestic market price of methacrylic acid continues to run at a high level, which is related to the continued improvement in demand for actual purchases of downstream terminals.
Recently, domestic methacrylic acid market prices continue to run at a high level, which is also related to the overall improvement in downstream terminal demand. Since the recent end, the domestic methacrylic acid downstream industries have gradually gradually resumed normal load operation. The downstream conditions of nitrile latex, methacrylic acid special monomers, and coating resin emulsions have been restored to normal load operation. Therefore, with The downstream start-up load has gradually increased, and the actual order situation in the market recently showed a positive trend.
Third, the continued high price of methacrylic acid in the domestic market is related to the recent positive improvement in the export of related products.
Due to the recent price difference between the domestic methacrylic acid market price and the international market methacrylic acid price, the overall export-level inquiry atmosphere of domestic methacrylic acid and its related products has shown a positive trend. In recent times, the overall export situation of domestic methacrylic acid and downstream related products such as hydroxyethyl methacrylate and hydroxypropyl methacrylate have shown a positive trend. The overall export orders for terminal downstream products have been boosted and domestic orders have appeared. The trend is gradually restored, so the overall domestic methacrylic acid market shows a trend of high-level consolidation.
From February 14th to 15th, a winter storm swept through the western states of Texas and Louisiana in the United States. Extremely severe weather such as extremely cold temperatures, extensive snowfall and freezing rain caused the overall local power supply, gas system and nitrogen The system presents an unstable situation, forcing chemical plants in related areas in the United States such as Dow Chemical, Inexis and other companies to announce a reduction in load, and some production companies even shut down. After the earthquake in Japan on February 13, the operation of production facilities in related areas was gradually restored, and the overall starting load also showed low operation. Affected by natural disasters in some parts of foreign countries, it is not ruled out that under the situation of poor recovery of production and operation in foreign countries, it may increase expectations for purchasing domestic products in my country.
Also need to pay special attention to, the recent overall expansion of domestic methacrylic acid downstream industry and new installations have been heard frequently. Related methacrylic acid special monomer plants such as Wuhan Hailing, Shandong Dingshengyuan, Yingkou Hengyang, etc. all have plans to start production successively. In addition, the overall start-up load of related production enterprises in the aspect of nitrile latex has also maintained a high operating trend, so the actual consumption of domestic methacrylic acid products has increased to a certain extent.
To sum up, it is expected that the overall domestic methacrylic acid market will show a high-level operation trend in the near future, and the atmosphere of real orders for downstream end users will remain active. It is recommended to trade short-term, pending clear guidance on the news.
Please contact exp1@gzchem.com for more info. 2021-2-19