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Jiuhong Chemical February 19 Product Quotation

Release time:

2019-02-22

Crude Oil:

2/18 close: Sino-US trade negotiations are expected to reach a substantive agreement, OPEC continues to release positive signals on production cuts, coupled with a weaker dollar, international oil prices continue to rise. WTI is closed for US President's Day; Brent 66.50 is up $0.25/barrel. China's SC main 1903 rose 9.3 to 449.8 yuan/barrel.

Propylene:

Yesterday, the price of propylene market continued to rise. The mainstream price of Shandong propylene market continued to rise to 7500-7600 yuan/ton. The downstream powder shipment situation improved, which was good for the propylene market. Coinciding with the price of propylene falling to a low level, the industry is bullish, some downstream factories began to bottom out.

n-Butanol:

Raw material propylene bottomed out to boost confidence, positive butanol by the impact of centralized orders, mainstream price stability. Shandong Lihuayi Butyl Octanol Plant is operating normally. Today, n-butanol is subject to 6800 yuan/ton self-extraction. Luxi Chemical Co., Ltd. today set a pricing price of 6700 yuan/ton leaving the factory, with high load and low inventory. Yankuang butanol plant has a high load, and n-butanol is not quoted for the time being. It is mainly used for downstream butyl acetate for its own use and sold out.

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 price stability, phthalic anhydride by the impact of raw materials steady small rise, DBP downstream customers have resumed work, inquiry procurement enthusiasm is high, DBP factory price sentiment is obvious, the recent DBP or continue the steady upward trend. Today, DBP of the company implements 8100 yuan/ton, one for one price, limited sales.

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.