Organic Chemicals: Asia-Pacific Market inventory Alcohol industry - alcohol, the market - the chemical industry
Methanol HC Chemical Network News, Due to continued tight supply, current methanol spot prices in Asia rose from 5 to 10 dollars / ton. Weather, transportation, and technical failure, the Middle East, China and Southeast Asia, the device operating rate is not high, firms stop spot price. China end-user price of purchase intentions of 300 ~ 310 U.S. dollars / ton (CFR, China), traders, sales price of up to 345 U.S. dollars intention / ton (CFR, China). Most consultations price up 5 ~ 10 dollars / ton, rising to 320 ~ 325 U.S. dollars / ton (CFR, China). Several Southeast Asian buyers have been sellers on the Chinese exports to Indonesia to contact, export prices rose 10 U.S. dollars / ton, but no deal reached. China's domestic market price increase for the 2690 East Library ~ 2,830 yuan / ton, Hua Nan Kuti price of 2,800 ~ 2,850 yuan / ton. South Korea's deal to more than 330 U.S. dollars / ton (CFR, Korea) prices, early in January after the stock portion of the contract goods arrive at a reasonable level. India, widening the price to 280 ~ 295 U.S. dollars / ton (CFR, India), the reaction rising prices and negotiate delivery price, delivery companies said the price of 295 U.S. dollars / ton (CFR, India). Some re-export to China cargo market price of 295 ~ 310 consultations USD / tonne (FOB, India). Southeast Asia, sold a cargo of 300 U.S. dollars / ton (FOB, Southeast Asia), and other purchase intentions price of 300 U.S. dollars / ton (CFR, Southeast Asia).
Glycol Impact of speculative trading by active, current glycol (MEG) spot prices to 18-month high. Chinese domestic prices opened firm, for the 8100 ~ 8150 yuan / ton (Kuti), several groups of cargo in 1050 ~ 1055 U.S. dollars / ton (CFR, China's main port) price. Deserted spot market in India, most of the goods by contract to meet the demand. Prices in the Chinese market due to the case of unpredictable market outlook, the buyer withdrew price purchase intention. Due to rising raw material costs can not be transferred out, most end users sidelined. Most market traders recognized the recent price increases mainly by the Middle East due to unexpected shut down device to promote speculative trading. Zhangjiagang port stocks have been rising rapidly to 10 million metric tons, traders that supplies are plentiful. Several manufacturers surveyed polyester inventory levels remain stable. Ningbo port closed due to inclement weather, some traders that some manufacturers in Zhejiang province of polyester glycol bonded warehouse for goods or domestic stock, which push the price higher. Strong support for the price of ethylene glycol prices, despite the increase in cost price again, but at this price glycol manufacturers may still maintain as many as 90 to 100 U.S. dollars / ton of profit.
Diethylene glycol Current bull market in ethylene glycol diethylene glycol plane pulled up the market, prices rose by 50 ~ 55 U.S. dollars / ton, to 1040 ~ 1055 U.S. dollars / t (CFR, China's main port). China's domestic market, East Library price increase rose from 210 to 310 yuan / ton, to 8410 ~ 8460 yuan / ton, Hua Nan Kuti higher price just 50 yuan / ton, to 8550 ~ 8650 yuan / ton. This issue later, diethylene glycol bid shot up to 1060 to 1080 U.S. dollars / ton (CFR, China's main port), corresponding to the delivery price is lower than 1050 U.S. dollars / ton (CFR, China's main port). Parking will be installed by the Middle East, diethylene glycol inhibited the supply, so expect higher prices, several traders offer withdrawn. Deserted market transactions, traders in 1030 ~ 1040 between the U.S. dollars / ton (CFR, China's main port) of the 1500 contract price of 2,000 tons of cargo. Market traders remain cautious before the Spring Festival market mentality, because of lower unsaturated polyester resin plant in mid-February will close the month-long Chinese New Year holiday time.
Octanol Current price from the previous month in Asia was up 35 dollars octanol / ton. Although the New York Mercantile Exchange
Crude Futures prices collapsed, but by the first quarter and second quarter is expected to supply a very tight support, propylene prices remain strong. Japan, Korea and China Taiwan plans in February and March will be 7 sets of propylene unit parking overhaul, which will lead to reduced production of about 170,000 tons of propylene in the second quarter at least another nine sets of propylene unit plan parking. In February and second half of the cargo of the sales price of interest in 1520 U.S. dollars / ton (CFR, China, 90 days credit), the highest price of the purchase intentions of 1500 U.S. dollars / ton
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