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Wanhua, Lihuayi, Hualu Hengsheng and other intensive downgrades! More than 50 kinds of chemical products fell!
According to industry insiders, the supply chain has been affected under the influence of the epidemic, and some car companies have stopped production and the market is expected to reduce the demand for lithium salts. The downstream spot purchase intention is extremely low, and the overall lithium product market is in a state of yin decline, resulting in weaker spot transactions in the market recently. It is worth noting that whether it is the impact of suppliers caused by the epidemic, or the reduction of purchasing intentions caused by the shutdown of downstream customers, these are the severe situations that the chemical market is currently facing. Similar to lithium carbonate, more than 50 domestic chemical products began to show a downward trend in prices in the second quarter. In just a dozen days, some chemical products fell by over 6,000 yuan / ton, a drop of nearly 20%.

Maleic anhydride is currently quoted at 9950 yuan/ton, down 2483.33 yuan/ton from the beginning of the month, or 19.97%;
DMF is currently quoted at 12,450 yuan/ton, down 2,100 yuan/ton from the beginning of the month, or 14.43%;
The current price of glycine is 23666.67 yuan / ton, down 3166.66 yuan / ton from the beginning of the month, a decrease of 11.80%;
The current price of acrylic acid is 13666.67 yuan / ton, down 1633.33 yuan / ton from the beginning of the month, a decrease of 10.68%;
Propylene glycol is currently quoted at 12,933.33 yuan / ton, down 1,200 yuan / ton from the beginning of the month, or 8.49%;
The current price of mixed xylene is 7260 yuan / ton, down 600 yuan / ton from the beginning of the month, a decrease of 7.63%;
Acetone is currently quoted at 5440 yuan/ton, down 420 yuan/ton from the beginning of the month, or 7.17%;
The current price of melamine is 11,233.33 yuan/ton, down 700 yuan/ton or 5.87% from the beginning of the month;
The current price of calcium carbide is 4,200 yuan/ton, down 233.33 yuan/ton from the beginning of the month, or 5.26%;
The current price of aggregated MDI is 18,640 yuan / ton, down 676.67 yuan / ton from the beginning of the month, or 3.50%;
1,4-Butanediol is currently quoted at 26,480 yuan/ton, down 760 yuan/ton or 2.79% from the beginning of the month;
Epoxy resin is currently quoted at 25,425 yuan/ton, down 450 yuan/ton or 1.74% from the beginning of the month;
The current price of yellow phosphorus is 36166.67 yuan / ton, down 583.33 yuan / ton from the beginning of the month, or 1.59%;
The current price of lithium carbonate is 475,400 yuan/ton, down 6,000 yuan/ton from the beginning of the month, or 1.25%.

Behind the declining chemical market, there are numerous downgrade notices issued by many chemical companies. According to the coating procurement network, recently Wanhua Chemical, Sinopec, Lihuayi, Hualu Hengsheng and other chemical companies announced product reductions, and the price per ton was generally reduced by about 100 yuan.

The quotation of Lihuayi isooctanol fell by RMB 200/ton to RMB 12,500/ton.
Hualu Hengsheng’s isooctanol quotation fell by 200 yuan / ton to 12,700 yuan / ton.
The price of Yangzhou Shiyou phenol was lowered by 150 yuan/ton to 10,350 yuan/ton.
The price of phenol of Gaoqiao Petrochemical was lowered by 150 yuan/ton to 10,350 yuan/ton.
Jiangsu Xinhai Petrochemical’s propylene price was lowered by 50 yuan/ton to 8,100 yuan/ton.
Shandong Haike Chemical’s latest offer for propylene was lowered by 100 yuan/ton to 8,350 yuan/ton.
Yanshan Petrochemical’s acetone price was lowered by 150 yuan/ton to 5,400 yuan/ton.
The price of acetone of Sino-Saudi Tianjin Petrochemical was lowered by 150 yuan/ton and executed by 5,500 yuan/ton.
Sinopec’s pure benzene price was lowered by 150 yuan/ton to 8,450 yuan/ton.
Wanhua Chemical’s butadiene offer in Shandong region fell by 600 yuan / ton to 10,700 yuan / ton.
Northern Huajin’s butadiene auction reserve price was lowered by 510 yuan/ton to 9,500 yuan/ton.
The price of Dalian Hengli butadiene was lowered by RMB 300/ton to RMB 10,410/ton.
Sinopec Huazhong Sales Company lowered the price of butadiene of Wuhan Petrochemical by 300 yuan / ton, and implemented 10,700 yuan / ton.
The price of butadiene of Sinopec South China Sales Company was lowered by 300 yuan/ton: Guangzhou Petrochemical performed 10,700 yuan/ton, Maoming Petrochemical performed 10,650 yuan/ton, and Zhongke Refining and Chemical performed 10,600 yuan/ton.
Taiwan’s Chi Mei ABS offer fell 500 yuan / ton to 17,500 yuan / ton.
Shandong Haijiang ABS offer fell 250 yuan / ton to 14,100 yuan / ton.
Ningbo LG Yongxing ABS offer fell 250 yuan / ton to 13,100 yuan / ton.
The quotation of Jiaxing Teijin PC products fell by RMB 200/ton to RMB 20,800/ton.
The quotation of Lotte Advanced Materials PC products fell by RMB 300/ton to RMB 20,200/ton.
Shanghai Huntsman’s April pure MDI barreled/bulk water listing price was 25,800 yuan/ton, down 1,000 yuan/ton from the previous month.
Wanhua Chemical’s listing price of pure MDI in China is 25,800 yuan/ton (down 1,000 yuan/ton from the price in March).

The supply chain is broken and supply and demand are weak, and chemicals may continue to fall

Many people said that the increase in the chemical market has continued for about a year, and many people in the industry expect that the increase will continue in the first half of the year, but this increase has died down in the second quarter. Why? This is closely related to several recent “black swan” events.
In the first quarter of 2022, the overall performance of the domestic chemical market was strong. The crude oil and other commodity markets continued to rise strongly, and the chemical market was hotly traded. Although the actual orders at the lower end of the industrial chain were insufficient, the market once weakened, but with the outbreak of the Russian-Ukrainian war. , the energy crisis worries continue to ferment, further driving the domestic chemical market into a super-rising cycle, and the “inflation” level of chemical products continues to rise.
But this “superficial prosperity” bubble was rapidly bursting in the second quarter. The domestic epidemic has spread in many places, and many places have begun to “close cities”. More than a dozen regions have been closed at high speed and logistics have been shut down. The procurement of raw materials and the sales of goods have been affected. There have also been supply chain disruptions in many chemical sub-sectors. There are more people under control. The supply side and demand side suffered a double blow, and the chemical market moved forward under pressure.
In addition, the current peripheral industries are also changing day by day, the United States and its allies have released large-scale reserves and a negative market atmosphere, and international crude oil prices have fallen from highs.
Affected by the epidemic at home and abroad, the labor and logistics enterprises have cooperated in many aspects and various factors, and the chemical market may experience a downturn in the short term.


Post time: Apr-18-2022