The first day back after the holiday, the price of chemical raw materials soared.
Some people say, don’t worry, I want to wait,
Wait to come is, turned over several times the price!
Hesitantly up a hundred,
In today’s chemical market,
Trance is not a joke, it is a fact!
Out of control!Up for a month!Chemical industry turned red!
According to the South China Chemical Index of Guanghua Trading, since February 1, 2021, the chemical price index has been rising all the way and kept rising. The Guanghua Index has risen from 912.33 on February 1 to 996.98 on February 26, with a rise of nearly 100 points in less than a month, indicating an obvious rise in the chemical boom index.
According to the monitoring data after returning to work, among the 92 chemical varieties monitored, the prices of 75 kinds of chemical products have gone up, accounting for 81.52%.Among them, the price of butanediol doubled in less than 25 days, up 16,025 yuan/ton, up as high as 117.83%.And the price of n-butanol, crude benzene, isooctanol, hydrobenzene, maleic anhydride and other raw materials increased by more than 50%.
From the point of view of product price increase, butanediol, n-butanol, isooctanol, polymer MDI, bisphenol A, lithium hydroxide, lithium carbonate increase by more than 5000 yuan/ton.
Rose: hi!Raw material frequency new high!
The situation has improved, the global economy has continued to recover, the gap in overseas demand has opened, and the high international oil price has injected a boost to the domestic chemical industry. On the supply side, the extremely cold weather in the United States has impacted the operation of refining and related chemical production facilities, and pushed the post-holiday chemical industry prices to continue to rise.
Driven by the strong demand, the chemical market is rising!It even hit a multi-year high.
N-butanol: highest one-day gain in 10 years!Up 2000 yuan/ton!
On 25th, the price of n-butanol was 15500 yuan/ton, up 6200 yuan/ton, or 66.67% compared with the price before the Spring Festival.On February 19, n-butanol achieved the highest single-day increase in a decade, with a single-day increase of 2000 yuan/ton.
Butyl Acrylate: Keep up with 2011 high prices!
On May 25, the price of butyl acrylate was 19,500 yuan/ton, up by 6466.67 yuan/ton, or 54.36%, compared with the price before the Spring Festival.In 2021, the domestic market price of butyl acrylate is catching up with the high price in 2011. It is expected that there will still be room for price increase in the future, which will refresh the new high in nearly 10 years!
I believe I believe maleic anhydride: refresh the record high in nearly 4 years!
Maleic anhydride rose again to RMB12,000 / ton on February 23, 2021, a four-year high.
Other raw materials products, MDI, TDI, Bisphenol A and other chemical raw materials prices increased, continued to increase.
Raw material price link:
1. Inventory Urgent!1.06 million tons of production capacity evaporated, Wanhua one-time increase of 7500 yuan!Quote or break through 30000!
Freight rates are soaring!Multiple vehicles trapped on the highway!
Qinghai, Gansu, Ningxia, Shaanxi, Shanxi, Hebei, Henan, Shandong and other provinces have seen rain, snow or turned from rain to snow, with precipitation of 1 to 8 millimeters in most areas and 10 to 20 millimeters in some areas.25 to 44 mm in southern Shanxi, northern Henan, southwestern Shandong, etc.
As a result, many expressway intersections in Shanxi were closed, leaving hundreds of cars stranded.Even some vehicles rolled over, the area of high-speed traffic police emergency stranded vehicles for diversion, rescue.
Affected by blizzard weather, domestic freight and logistics freight prices rose slightly.
And for international logistics, that is really up “lawless”.According to the Baltic Freight Index (FBX), the Asia to Northern Europe index rose 3.6% from the previous week to $8,455 /FEU, up 145% since the beginning of December and up 428% from a year ago.
Crash all the way!Crazy price rise “loss of wisdom”!
For this price increase, I have mentioned the forecast many times in the analysis of a number of articles a year ago.The state of rapid increase in demand + pre-holiday chemical prices are at historic lows, price increases are expected.
But as I’ve mentioned several times before, “runaway” booms are not good for the market, and last year the MDI soared for several months before plunging into a slump.We expect the market to gradually return to rationality.
The price rise is expected and understandable.
It will last for a while.
But crazy inflation is not conducive to stable product sales.
We want to increase the price, to be, slowly increase the price, to be stable happiness.