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Jiuhong Chemical February 20 Product Quotation

Release time:

2019-02-22

Crude Oil:

2/19 close: OPEC production cuts continue to bring positive atmosphere, but Iran's crude oil exports are higher than expected, coupled with global economic expectations are still weak, international oil prices rise and fall. WTI56.09 up $0.50/barrel; Brent 66.45 down $0.05/barrel. China's SC main 1904 rose 1.6 to 459.3 yuan/barrel.

Propylene:

Yesterday, the price of propylene market rose steadily, the mainstream price of Shandong propylene market remained stable at 7500-7600 yuan/ton, and the downstream powder shipment situation improved, which was good for the propylene market.

n-Butanol:

Raw material propylene strong, positive butanol downstream demand is better, the recent mainstream prices have risen steadily. Shandong Lihuayi Butyl Octanol Plant is operating normally. Today, n-butanol is subject to 6800 yuan/ton self-extraction. Luxi Chemical's collective pricing price was raised by 100 yuan/ton today, with 6800 yuan/ton leaving the factory, high load and low inventory. Yankuang butanol plant is operating normally. n-butanol mainly supplies its own butyl ester, which is not sold much. The price is quoted to 7000 yuan/ton.

Phthalic anhydride:

At present, the domestic industrial naphthalene market is running in a narrow range, the early low rise is obvious, the overall inventory pressure of the phthalic anhydride industry is controllable, the cost support is obvious, the inventory of various manufacturers is tight, the ex-factory price is stable. East China adjacent law 7000-7100 yuan/ton factory, North China and Shandong adjacent law 6900-7000 yuan/ton factory, naphthalene mainstream 6700-6800 yuan/ton factory.

The company's annual production capacity of 180000 tons of DBP plant production is normal, the annual production capacity of 40000 tons of adjacent naphthalene mixed legal phthalic anhydride production is normal, all for their own use. Crude oil prices continue to rise in the good market, positive butanol mainstream prices rise, phthalic anhydride by the mainstream price is strong, DBP downstream customers have resumed work, inquiry procurement enthusiasm is high, the transaction atmosphere is active, DBP factory price sentiment is obvious, the recent DBP or continue to stabilize the upward trend. Today, DBP raised 50 yuan/ton and implemented 8150 yuan/ton. One price was negotiated and sales were limited.

Warm Tip: As customers will collect the goods after the year, please inform our business personnel three days in advance if there is a delivery plan. We will arrange the delivery. Thank you for your understanding and support.