Operation and trend analysis of main raw materials

Analysis on the operation and trend of main raw materials of powder coatings in March

analysis on the operation and trend of main raw materials of powder coatings in March

March 31, 2021

01 polyester resin

the market price trend charts of PTA and NPG, the main raw materials of polyester resin, are as follows:

raw material level: affected by the European epidemic, the price of crude oil fell, PTA devices in some factories failed to stop and planned maintenance, and downstream polyester trading was relatively light, PTA market is expected to adjust in a narrow range in the short term; The domestic neopentyl glycol market as a whole fell slightly, and the focus shifted to the low level. Due to the long-term rigid demand transaction is not smooth, some neopentyl manufacturers are also making some concessions to follow the cost and shipping at a low price. However, as the raw material isobutyraldehyde began to rebound, the enthusiasm of the downstream increased significantly, and the low-cost shipping situation in the market disappeared instantly. There are many wait-and-see situations. It is expected that the NPG price will rise slightly in the short term

supply and demand: the supply in the downstream market is tight

forecast: it is expected that the price of "polyester resin" is bullish from the end of March 2021 to the beginning of April 2021

02 epoxy resin

the market price trend charts of the main raw materials of epoxy resin "cyclochlorine" and "bisphenol a" are as follows:

raw material level: this week, the market for epichlorohydrin rose narrowly, the price of raw glycerol continued to rise, the price of liquid chlorine stopped falling recently, the epichlorohydrin plant of ministry and division of labor stopped for short-term maintenance, the market spot supply decreased, and the construction of large downstream liquid resin plants was mostly stable, The solid resin factory continued to limit production, and the overall market demand was average. As of the close of this Thursday, the mainstream reference price in East China market was yuan/ton; The mainstream reference price in Huangshan market is yuan/ton, which will be accepted and delivered; The mainstream reference negotiation in Shandong region closed at yuan/ton, and it is expected that cyclopropane will rise in a narrow range in the short term; Bisphenol a market is still on the rise this week, Bisphenol a manufacturer "The key is to optimize the process. The export sales volume is small, the overall market inventory is low, and the downstream epoxy resin demand is relatively stable. Some factories purchase bisphenol A on demand. In addition, the downstream PC is under obvious pressure, and the digestion of raw materials is dominated by inventory. As of Thursday afternoon's close, the reference price of bisphenol A in East China is yuan/ton, and it is expected that the price of bisphenol A will show a slight upward trend in the short term.

supply and demand level: the commencement of liquid resin factories is mostly at a stable high level; solid Resin plants have been restored

forecast: it is expected that the price of "epoxy resin" will remain stable or rise from the end of March 2021 to the beginning of April 2021

03 titanium dioxide

the commodity index trend chart of titanium concentrate in recent three months is as follows:

the commodity index trend chart of sulfur in recent three months is as follows:

the commodity index trend chart of sulfuric acid in recent three months is as follows:

raw material level: raw material level: this week, the price of titanium concentrate is rising, the market supply continues the early tension trend, and titanium concentrate manufacturers have more recent orders, which have been scheduled to the beginning of May, Affected by environmental factors, small and medium-sized titanium concentrate enterprises have more production cuts and restrictions. Under the influence of the epidemic, the shipping of imported titanium concentrate is not smooth, and the spot is tight. The titanium concentrate market is expected to rise slightly next week; This week, the price of domestic acid market rose at a high level. Among them, the main acid enterprises in Jiaodong stopped for maintenance, the supply of sulfuric acid in central Shandong was tight, and the high price rose by 20 yuan/ton. The demand for chemical acid in the downstream of Northern Jiangsu and Zhejiang was stable, and the acid price rose again by yuan/ton. The main acid enterprises in Henan were smoothly exported to Hubei and southwest China, and the surrounding acid prices were generally high. The acid enterprises in the region flexibly increased by yuan/ton. The main acid enterprises in Northeast Liaoning recently exported to Shandong and Liaoning Hebei has a price advantage. The inventory of acid enterprises has decreased, and the retail acid price in the region has increased to 200 yuan/ton with the city. The inventory of acid enterprises in Tangshan, Hebei has decreased significantly, and the low price has increased by 40 yuan/ton. The main acid enterprises in Chifeng, Inner Mongolia, have been overhauled, and the acid price has been increased by yuan/ton again. The export and export of Guangxi to the southwest are smooth, and the supply of goods in the region is tight, and the acid price has increased flexibly by yuan/ton. Some of the main acid enterprises in Jinchang, Gansu Province have been shut down for overhaul, and the local supply of goods in, The acid price is at a high level, and the average negotiated price of domestic sulfuric acid this week is 362.56 yuan/ton; This week, the domestic sulfur market trend is stable, with a slight decline. The downstream factories are not enthusiastic about purchasing, and the market transactions are relatively flat. The inventories of refineries in various regions in China remain low. Some refineries maintain stable operation, including efficient production lines. The prices of most refineries fell slightly, down by yuan/ton, until the current average price of domestic sulfur is 1374.59 yuan/ton. It is expected that the prices will be adjusted in a narrow range in the short term

supply and demand: the export market of titanium dioxide continues to increase, and the factory inventory continues to be low

forecast: the price of "titanium dioxide" is expected to rise from the end of March 2021 to the beginning of April 2021

04 TGIC curing agent

raw material level: since the beginning of the month, the price of epichlorohydrin has continued to rise. The start-up of domestic epichlorohydrin production enterprises is mostly stable. Some manufacturers stop for maintenance. Most of the manufacturers' spot goods are delivered to early orders and contract orders. Most of the manufacturers' inventories are in the middle and low position. The market spot supply is currently abundant, and Jiangsu Haixing increases the start-up load, Shandong Xinyue and Ningbo Huanyang new devices are expected to restart construction this weekend. Shandong Sanyue heard that the device is expected to be in a short-term shutdown and maintenance state in the near future. At present, the load operation of Hengyang Jiantao device is stable. It is expected that the device maintenance will be carried out in early April, and the market supply is expected to increase; At present, after the old factories of domestic TGIC enterprises shut down, the products of new factories are expected to enter the market at the end of this month, the demand orders of downstream customers continue to increase, the prices of raw materials continue to rise, and the supply of TGIC will continue to be in short supply

supply and demand: the export market continues to increase, market transactions are good, and factory inventories are low

prediction: it is expected that the price of "TGIC curing agent" from the end of March 2021 to the beginning of April 2021 can be seen as "self decomposing" materials: it is expected to alleviate the rise of plastic and electronic waste

05 HAA curing agent

raw material level: the price of HAA curing agent continues to rise. Recently, the diethanolamine market has risen at a high level, the market supply continues to be tight, the enthusiasm for trading is high, and the overall inventory of the factory is at a low level. However, in the second half of the week, after the load error exceeds ± 1.0% or is unstable, the market transactions have decreased significantly, the bidding of key customers is limited, and the customers are facing the state of maintenance, and the market price has fallen somewhat; Domestic factories: the factory inventory is tight, and a small amount of shipments. In the short term, it is expected that diethanolamine will be mainly sorted out smoothly; DMA dimethyl adipate has recently seen a strong rise in price, with more exports and better prices. At the same time, it has driven the domestic sales market. The factory has a general operating load, and the market supply inventory has increased slightly. It is expected that the DMA price will rise slightly in the short term

supply and demand: the market supply is stable, and the downstream demand is stable

forecast: the price of "HAA curing agent" is expected to rise from the end of March 2021 to the beginning of April 2021