Company name: Shanghai Zhiyan new material technic Co.,Ltd.
Unit address: Jinbao Industrial Zone, Shanghai, Jiading District
Zip code: 201803
Contact person: Mr. Wang (18049701091)
Contact number: +86-21-31001397
Contact Fax: +86-21-39520785
From the August chemical commodity price list, showing the overall rise of products, or product features; fell less, a small decline; according to the 120 products zhuochuang monitoring, rising number of products reached 87, the total number of products accounted for 72%, which rose more than 20% of the total products in 12, accounting for 10% fall; products 22, accounted for 19%, of which more than 5% decline in products only 5, accounted for 4%; steady product 10, accounting for 8%. The specific reasons are as follows:
First of all, supply reduction has become the main reason for the boost of chemicals. On the one hand, August summer, year to device accidents in this period, most parking maintenance chemical enterprises; on the other hand, at home and abroad in August unit of force majeure, the fire explosion device and environmental protection policy to chemical plant was forced to stop, aggravate the shortage of market supply; including ethylene and propylene toluene and xylene, butanone, propylene oxide and other chemical products prices rose. In order to butanone product as an example, the end of July to the European market in Europe for parking supply shortage, August China export market, the domestic market of butanone driven by the sharp rise in the East China market, breaking the 9000 yuan / ton, recorded a 3 year high.
Secondly, the raw material products are generally rising, and the cost of the industrial chain is gradually transmitted, which leads to a large increase in chemical products. The main raw materials for olefin products chemicals, August olefin sector rose obviously rose in 19.59%; the main products from Asia and the Americas ethylene plant centralized maintenance effect, the overall supply of China reduction caused by Asian ethylene prices soared, CFR months in Northeast Asia market rose 289.5 U.S. dollars / ton; then the downstream product cost increase gradually with styrene, ethylene oxide, ethylene glycol ether, and a series of terminal end to enhance the product cost, market prices began to rise, up 17.74%, 8.89%, 1.88% and 22.12% respectively. Propylene market rose led to different degrees of the downstream polypropylene, acrylic acid, epoxy propane, propylene glycol, dimethyl carbonate two products rose two; methyl carbonate month rose 39.64%, ranking the second position or in the chemical industry. Methanol products rose 15.77% in May, the downstream of the formaldehyde, two ether products bring some support; butadiene prices driven by the downstream butadiene rubber and styrene butadiene rubber higher. The butadiene rose 29.09%, Br and SBR were up 22.27% and 19.38%; it can be said that in August driven by rising raw materials, chemical products to the full flowering.
Once again, supply side reform and environmental supervision and other policies to boost the market. On 2017 the supply side reforms, especially at the beginning of August 7 at the end of the fourth batch of environmental supervision group in the provinces, the majority of domestic standards of chemical enterprises thorough investigation, supply the majority of products had a major impact. According to the monitoring data zhuochuang, subject to environmental supervision, in August Rose products in more than 6 products operating rate last month has decreased significantly (see Table 1). Driven by it, petroleum coke, soda ash, formaldehyde, acrylic acid and ester products all rose in varying degrees. In soda products, for example, in August, soda ash rose to 22.29% levels, from last year's environmental inspection so far, soda enterprises have been affected, in August, the overall operating rate of soda ash from the previous month dropped 10.80% to 78% level. Low operating rate, resulting in the overall supply of tension, soda market once in short supply, prices all the way up.
Finally, the rise in market prices and the overall downstream demand side drive is also inseparable. Zhuochuang research found that this year, part of the terminal downstream product profit gradually improved, especially the part of olefin products like benzene, styrene, downstream terminal ABS, EPS, PC and PP, and other products; rubber products including butadiene, styrene butadiene rubber and nitrile rubber profits than before period has improved, the corresponding enterprise for profit maximization increase the intensity of work, for the upstream raw material products demand peatlands situation, the corresponding led the overall rise in the market, according to Zhuo statistics, August profit trends, rubber products operating rate than in July increased by more than 10%.