Epoxy curing agent News SunSirs commodity price forecast (August 31 2023)

SunSirs commodity price forecast (August 31 2023)

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SunSirs commodity price forecast (August 31  2023)


The latest price of butadiene rubber (August 30): 11930 yuan / ton, the market outlook is bullish

Analysis points: The price of raw material butadiene continues to run at a high level, and the cost support of butadiene rubber continues. As of August 30, the price of butadiene was 7,626 yuan/ton, an increase of 5.90% from the beginning of the month; downstream rigid demand support, as of 8 At the end of the month, domestic semi-steel tires started construction at around 7.2%, and all-steel tires started at 6.4%. The ex-factory price of butadiene rubber is quoted at 11,800 yuan/ton; the above factors push the price of butadiene rubber to continue to rise. The price of raw materials has risen sharply, and the pressure on the supply side has increased slightly in the later stage. The current downstream start supports the rigid demand for rubber, and the butadiene rubber industry chain has a stable performance in August.

Market outlook forecast: It is expected that the spot price of butadiene rubber will mainly run at a high level in the short term.

The latest price of chloroform (August 30): 2245 yuan / ton, the market outlook is bullish

Analysis points: The peak season of refrigerant demand in the third quarter supported the high price operation, and the demand for chloroform increased slightly; coupled with the recent high price of raw material methanol and the sharp rise in the price of liquid chlorine, the cost of chloroform was strongly supported; The start of production of chemical products is around 7.6%, and the inventory of chloroform in enterprises in Shandong is at a low-to-medium level. Enterprises have a strong willingness to stand up for prices. Recently, the ex-factory price of chloroform loose water has been continuously raised, and merchants' offers have followed suit.

Forecast of the market outlook: Looking at the market outlook, it is expected that the price of chloroform will remain high in the short term under the support of cost and demand.

The latest price of acetic anhydride (August 30): 6025 yuan / ton, the market outlook is bullish

Analysis points: On the supply side, the supply of acetic anhydride is tightening, the inventory of acetic anhydride manufacturers is low, and there is no inventory pressure for acetic anhydride; on the demand side, the downstream demand for acetic anhydride did not see a substantial improvement in August, the downstream demand was cold, and the downstream demand for acetic anhydride No obvious positive support. In terms of cost, acetic acid companies have more accidental shutdowns, acetic acid companies have started low, and the supply of acetic acid is tight, and the price of acetic acid continues to skyrocket; the price of acetic acid has skyrocketed, leading to increased pressure on the cost of raw materials for acetic anhydride manufacturers, and acetic anhydride manufacturers have suffered losses. Driven by profits, acetic anhydride manufacturers Anhydride manufacturers have a strong willingness to raise prices.

Forecast of the market outlook: The supply and demand of the acetic anhydride market are both weak, and supported by strong costs, the price of acetic anhydride is expected to fluctuate and rise in the market outlook.

The latest price of fuel oil 180CST (August 30): 5230.00 yuan/ton, the market outlook is bearish

Analysis points: On the 30th, the price of raw materials for ship fuel blending was weak, and the market price of ship fuel fell overall; , mainly small orders. At present, the market price of 180CST low-sulfur fuel oil is about 5200-5300 yuan/ton, and the market price of 120CST low-sulfur fuel oil is about 5300-5400 yuan/ton.

Market forecast: It is expected that the fuel oil 180CST market may be weak in the near future.

The latest price of maleic anhydride (August 30): 7220 yuan / ton, the market outlook is bearish

Analysis points: The raw material n-butane has fallen sharply after the recent surge, and the cost support of maleic anhydride is limited. The downstream is cautious in chasing higher prices, and the replenishment is mainly based on purchases that are just needed, and maleic anhydride manufacturers have limited new orders.

Forecast of the market outlook: It is expected that maleic anhydride will still have a downward trend in the near future.

The latest price of ammonium sulfate (August 30): 910 yuan / ton, the market outlook is bearish

Analysis points: On the 30th, the domestic ammonium sulfate market continued to be weak, and the price continued to drop. The international market continues to be weak, and the transaction price has declined, which has a negative impact on the domestic market. Downstream and dealers are cautious and still wait and see, and the market transactions are average.

Market forecast: It is expected that the short-term domestic ammonium sulfate price trend will continue to be weak and decline.

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