11monthPUThe composite index has dropped significantly. “Golden September and Silver October” peak season is not busy,11The downstream of polyurethane continued to be weak in March, and the epidemic control in Henan, Hebei, Guangdong, Chengdu and other places continued to restrain demand, and the confidence of the industry was hard to shake. Both polyol and isocyanate industry chains fell.
11The monthly soft bubble index fell in a wide range. The downstream upholstered furniture and automobile markets, which are the main players in soft foam, performed poorly. With the increasing downward pressure on the economy and the impact of the epidemic on the automobile consumer market, the release of consumer car purchase demand is hindered, the end market is weak, and the pace of supply is slowing down ,brings greater pressure on the stable operation of the automobile market. 11Monthly car production and sales are slightly weak,The month-on-month and year-on-year declines, the downward trend is obvious, the overall Did not perform as expected. Among them, the production and sales of passenger cars decreased from the previous month7% Above, also presenting year-on-year–Constant drop;Commercial vehicles continued to hover at a low level, showing two places year-on-year The number fell. The export of furniture and its parts decreased year-on-year this month 7.2%, the second highest drop this year.The spread of the epidemic in various places, some areas and downstream demand Restricted, low market prices are refreshed frequently, but the downstream procurement capacity is still limited, just need to maintain loose orders, resulting inTDI Plunge, the average price drop this month reached 5154-5404元/t to18037-18619元/Ton. On the one hand, soft foam polyether is constrained by weak demand. On the other hand, Qixiang Tengda and Tianjin Sanpec’s new propylene oxide plant trial production news has a greater impact on the mentality.
11The center of gravity of the monthly hard bubble index rose. hard Weak demand drives upstream Raw material polymerizationMDI Sliding with rigid foam polyether. This month, the overall production and sales of home appliances continued to decline due to the expansion of the export decline. As the weather turns colder and exterior insulation projects come to an end, demand for panels and pipes falls. Wood glue demand remained firm and steady. South Korea28 The large-scale strike of freight truck drivers disrupted the daily The logistics has been disrupted and several key industries in the country have been paralyzed. As an important producer of polyurethane raw materials and China’s export destination, the strike has very limited boost to exports.
11The monthly resin index fell weakly. this monthAA The market trend is weak and downward, showing a slight downward trend from the beginning of the month to the middle of the month, and then due to the continued weak downstream buying momentum, to the end of the month AAThe overall market is in a weak downward trend. BDOThe market has fallen sharply this month, also because The downstream demand side has insufficient support, and the market outlook is bearish. THFThe market is loose within a narrow range, and it will also show a trend towards the end of the month Slight downward trend,PTMEGThe market is affected by the upstream cost end Affected by the decline, this month showed a slight downward trend, compared with the end of last monthPTMEG The price is low.
>11The monthly resin index fell weakly. this monthAA The market trend is weak and downward, showing a slight downward trend from the beginning of the month to the middle of the month, and then due to the continued weak downstream buying momentum, to the end of the month AAThe overall market is in a weak downward trend. BDOThe market has fallen sharply this month, also because The downstream demand side has insufficient support, and the market outlook is bearish. THFThe market is loose within a narrow range, and it will also show a trend towards the end of the month Slight downward trend,PTMEGThe market is affected by the upstream cost end Affected by the decline, this month showed a slight downward trend, compared with the end of last monthPTMEG The price is low.