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Guangzhou Chemical Market Consolidation Overall Less Significantly Lower
In the second half of September, the market experienced a slight decline in demand due to the National Day holiday, which also led to a modest drop in prices in Guangzhou. However, the overall rate of decline remained relatively small. Market participants expect that after the long holiday, demand in the chemical sector will gradually recover, though the increase is unlikely to be significant, and thus the impact on prices should remain limited.
Pure benzene prices on the external market have been rising steadily, but domestic pressure remains high. With the influence of the long vacation, demand has softened, causing a slight price drop. The current price range for pure benzene is between RMB 7,200 and RMB 7,500, with similar trends observed in other products.
Toluene prices were supported by an increase in the external market. The market stabilized, and the price rose to 7,500 yuan, up 300 yuan from the previous period. Although demand was affected by the holiday, the external market's quoted prices have significantly outperformed domestic ones, providing strong support for local toluene prices.
Xylene prices surged due to volatility in crude oil and rising external market prices. The xylene market saw a rally, with current prices reaching 7,500 yuan.
Styrene prices remained around 11,000 yuan, mainly due to weak demand. Phthalic anhydride prices fell as demand declined, contributing to a flat market in Guangzhou. Traders lacked confidence post-holiday, leading to a slight price drop. Domestic phthalic anhydride is currently priced at 8,150 yuan, while imported versions are at 8,250 yuan.
Methanol prices increased steadily due to rising downstream demand and higher external quotations. The current market price is 2,450 yuan.
Ethylene glycol prices declined due to reduced downstream demand. The external market saw lower prices, and the Guangzhou market dropped slightly to 8,350 yuan.
The butanol market remains balanced, with stable factory prices and a market range of 9,500 to 9,600 yuan.
Acetone prices dipped slightly due to ample supply and low downstream demand. Current prices are between 6,800 and 7,000 yuan.
Dioctyl ester prices fell due to reduced demand during the holiday and a slight drop in phthalic anhydride prices. Current market prices are at 10,700 yuan.
Ethyl acetate prices rose sharply due to increasing acetic acid costs. Prices now stand at 8,300 to 8,400 yuan, up 600 yuan from the previous period.
Butyl acetate prices continued to rise, albeit modestly, with current prices ranging from 10,600 to 10,700 yuan, up 300 yuan.
Low-density polyethylene remained weak due to sluggish downstream demand and high inventory levels. Prices remained stable, with thin film materials priced between 11,100 and 11,500 yuan.
High-density polyethylene faced weak demand and high inventories, resulting in a dull market. Prices remained stable, with drawing materials at 10,500 to 10,700 yuan and injection plastics at 10,500 to 10,600 yuan.
Polypropylene prices declined slightly due to weak demand and rising inventories. Film materials are priced at 11,000 to 11,100 yuan, while injection plastics are at 10,850 to 11,150 yuan.
PVC prices dropped as supply increased and demand remained sluggish. Traders lowered quotes to reduce inventory pressure, with calcium carbide at 6,700 yuan and vinyl materials at 7,000 yuan.
ABS ex-factory prices remained stable, with market prices fluctuating around previous levels. General-grade products are priced between 14,400 and 14,700 yuan.
Polystyrene demand showed no improvement, and falling styrene prices caused panic among traders. However, with limited resources, price changes were minimal. GPPS prices are currently between 10,800 and 11,800 yuan.
Natural rubber prices remained high, with standard SCR rubber at 16,600 to 16,800 yuan. Increased trading activity due to futures market movements has boosted market sentiment.
SBR prices fell slightly due to weak demand, with rosin-type rubber 1502 at 14,900 to 15,000 yuan, down 100 yuan from the previous period.
Despite supply shortages, butadiene rubber prices continued to fall due to flat demand, with current trading prices at 15,800 to 15,900 yuan.
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