Different from the “leading” domestic BDO market in February, the domestic BDO market in March “turned upside down” and stepped down, but the range was not large. According to the sample data monitored by the business community, the average price of domestic BDO producers was 31750 yuan / ton on March 1, and 30700 yuan / ton on March 31. The price dropped by 3.31% in the month, and the price rose by 225.21% year on year. In March, the bearish sentiment of domestic BDO market continued to intensify, and the price fell from a high level. However, due to some support from the supply side, the decline was limited.
According to the price monitoring of the business community, in the list of commodity prices in March 2021, there were 56 kinds of commodities in the chemical industry sector, among which 33 kinds of commodities increased by more than 5%, accounting for 35.9% of the number of commodities monitored in the sector; the top three commodities were chloroform (23.76%), organosilicon DMC (23.52%) and aniline (21.56%). There were 33 kinds of commodities with a month on month decrease, and 20 kinds of commodities with a decrease of more than 5%, accounting for 21.7% of the number of commodities monitored in this sector; the top three products with a decrease were phthalic anhydride (- 23.34%), n-butanol (industrial grade) (- 23.13%) and isooctanol (- 22.15%). The average rise and fall this month was 2.07%.
At the beginning of this month, the domestic BDO market remained at a high level, but the lower reaches resisted high prices and the trading atmosphere was not good. Some enterprises open their bidding prices, but most of them are sold out, which has a negative impact on the market. Traders are also more bearish aftermarket, spot trading light, the focus of real single negotiations gradually declined. Some enterprises lack confidence, offer loose, narrow profit negotiation, although the listing price is still high, the actual transaction price is relatively low.
In terms of units, Sichuan Tianhua, Chongqing Jianfeng and great wall energy are operating at full load; Panjin Dalian is affected by the shortage of raw materials, and the load is 60-70%; Yanchang oil is unstable in operation within a month, and the overall load is maintained at about 30-40%; Dongyuan will stop to replace the catalyst from March 15 to 21; Shaanxi Shanhua small line will replace the catalyst within a month; Xinjiang Xinye will replace the catalyst from March 21 to 25; and Lanshan Tunhe two sets of units will start operation from March 15 to 21 The catalyst will be replaced in turn on May 21, and it is expected to last for two weeks.
On the downstream side, the PTMEG market in spandex field is strong and upward, while the PTMEG market in non spandex field is rising sharply; the focus of domestic THF market is weakening; the purchasing mood of PBT market is depressed; and the GBL market is relatively strong.
Next month, the supply side will continue to weaken with the restart of unit volume and the increase of negative production of some units. At present, most manufacturers and traders are bearish on the future market. BDO analysts of business club expect that the domestic BDO market will slow down in April.
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