3.29-4.2
At the beginning of the month, downstream production was suspended or stopped, coupled with the launch of new devices (on March 25, the first vehicle of propylene oxide (PO) products in the PO/SM device of Sinochem Quanzhou Petrochemical’s 1 million tons/year ethylene project was successfully loaded and shipped. Through multiple rounds of bidding on Yihua.com, Huapin signed annual long-term contracts with 12 mainstream PO customers such as Wanhua and Jiahua, covering mainstream consumer markets in Fujian Province, Zhejiang and Jiangsu). The cyclopropane factory began to accumulate inventory, and the market supply was relatively abundant. At the beginning, the center of gravity of the PO market was unstable. It continued the trend at the end of March and started a deep decline mode (as of April 2, the drop of soft foam polyether reached 700-1200 yuan/ton), To boost a wave of demand. After that, although there was a short-term report of stability, the overall negative trend guided the polyether market to continue to decline. The decline continued until the 2nd and then began to report stable. The atmosphere of inquiry has strengthened, sporadic small orders were released, and the price was lowered to cover positions.
4.5-4.9
After the Ching Ming Festival, the polyether factories focused on increasing their volume to cover their positions and the export demand was good. The cyclopropane factories were able to ease the inventory pressure, and they had a strong willingness to raise the market. Polyether just-needed orders pushed up cyclopropane successively. Cyclopropane stabilized and rebounded to give strong support to polyether. After the festival, the downstream inventory of the terminal was low, the demand was released, and the order increased. Polyether successfully removed part of the inventory. The cost and demand were both good.
4.12-4.16
Cyclopropane continued to stabilize for a week, and the high level gave strong support to polyether. It continued to rise slightly at the beginning of the week, and then the terminal stage was ready to cover positions, and entered the stage of digestion and consolidation. In addition, the seasonal demand weakened, and the second phase of Hishell was successfully put into production on April 14. The market The lack of good news boosted the market, and the industry insiders became more bearish. It is difficult for polyether factories to maintain small orders, and negotiations under pressure are now loose. The market often hears that polyether factories are under pressure to give up profits in order to ship.
4.19-4.23
As May Day approaches, polyether factories and downstream terminals continue to replenish with small orders. The cyclopropane plant has no pressure on inventory and the order is tight. It breaks the stability and starts to push up slightly. Affected by the price rise, but it is difficult to increase the volume under the high price, the terminal enterprises of the polyether plant successively replenish their positions in a small amount, take small orders, and continue cautiously Follow up and maintain rigid production.
4.26-4.30
The overall shipments of cyclopropane manufacturers were smooth and without pressure, and the prices continued to rise in turn. Due to the pressure of shipments, polyether factories have not been able to continue to chase the rise, and it is common to discuss shipments one by one. With the holidays approaching, pre-holiday replenishment purchases have ended one after another, high-priced new orders are difficult to follow up, and the pace of receiving orders has slowed down. The market began to be flat, coupled with the return of prices to high levels, the industry’s cautious wait-and-see sentiment has increased.
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