Domestic chemical market enters deep consolidation stage

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Of the 68 chemical products monitored, 20 products rose last week, accounting for 29.4% of the monitored varieties; 18 products fell, accounting for 26.5% of the monitored varieties. Due to the sluggish downstream demand, the entire fluorine chemical industry chain is in the doldrums, and products such as chloroform, fluorspar, and hydrofluoric acid are trapped in the quagmire.

Data show that the top of the list is: phenol, a weekly increase of 4.39%; urea, a weekly increase of 2.79%; acetic acid, a weekly increase of 2.73%; styrene, a weekly increase of 2.17%; polymerization MDI, weekly gains 1.83%. The top five dropouts are: Chloroform, a weekly decrease of 21.96%; Adipic acid, a weekly decrease of 5.16%; Hydrochloric acid, a weekly decrease of 4%; Propylene, a weekly decrease of 2.92%; Fluorspar, a weekly decline 2.22%.

For fluorinated workers, the fluorite market continued to decline slightly. At present, the mainstream factory price of wet powder and silica content ≤1.2% was RMB 2,200/ton, which was a decrease of 14.56% year-on-year. Downstream of the aluminum fluoride market, the purchase of fluorite is flat; hydrofluoric acid prices fall, manufacturers negative attitudes, the cost pressures, continue to push down the purchase price. The market price of chloroform has fallen sharply. The current domestic average price is 2,950 yuan per ton, which is a year-on-year drop of 63.76%. The price in Shandong is around 2,700 yuan per ton. The downstream refrigerant market is still gloomy and will not increase procurement of chloroform in the short term.

As the domestic chemical market enters the deep consolidation stage, the change in demand will remain the decisive factor in the overall trend of the future petrochemical market. It is expected that the nitrogen fertilizer products, plasticizers industrial chain and polyurethane products will continue to rise higher in the short to medium term, refrigerant products It will experience a period of low consolidation.

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