Market Dynamics of Raw Materials
·Crude Oil
10/09: The situation in the Middle East has not further deteriorated, coupled with the increase in US commercial crude oil inventories and the decline in international oil prices. NYMEX crude oil futures contract 11 fell $0.33/barrel or 0.45% at 73.24; ICE Brent futures contract 12 fell $0.60 per barrel or 0.78% to 76.58. The main contract of Chinese INE crude oil futures, 2411, fell 13.1 to 567 yuan/barrel, and fell 10.9 to 556.1 yuan/barrel in the evening session.
·Acrylic
Yesterday, the mainstream price of propylene in Shandong’s market remained stable, the market supply pattern was controllable, the manufacturer’s inventory was normal, and downstream essential purchases were made. The mainstream price in Shandong was 6880-6930 yuan/ton, and the overall trading atmosphere was average.
·N-butanol
Today, the prices of mainstream n-butanol factories in China have been lowered, and downstream factories are operating normally. Today, Lihua Yi n-butanol will be priced at 7100 yuan/ton before leaving the factory. Luxi n-butanol closed at 7100 yuan/ton.
·Octanol
Today, the mainstream prices of octanol in domestic factories have been lowered, and downstream customers are mainly in urgent need of purchasing. Today, Lihua Yi octanol is priced at 9500 yuan/ton before leaving the factory. Luxi Octanol closes at 9400 yuan/ton.
·Phthalic Anhydride
The mainstream price of ortho phthalic anhydride in the East China market is 7300-7400 yuan/ton, while in the Shandong market it is 7300-7400 yuan/ton. In Hebei, the mainstream price of naphthalene phthalic anhydride is 7100-7200 yuan/ton.
· PTA
On October 10th, the main force of PTA futures on Zhengzhou Commodity Exchange opened at 5208, a decrease of 52 from yesterday.
Product Future Market Forecast
·DOP Future Forecast
The mainstream price of propylene in the market is stable, the mainstream factory price of octanol has been lowered, the mainstream price of phthalic anhydride in the market has been raised, downstream customers urgently need to purchase, and the domestic mainstream factory DOP supply is tight. It is expected that the DOP market will continue to stabilize in the near future.
·DOTP Future Forecast
The mainstream price of propylene in the market is stable, the mainstream factory price of octanol has been lowered, the mainstream price of PTA has been lowered, downstream customers urgently need to purchase, and the domestic mainstream factory DOTP supply is tight. It is expected that the DOTP market will continue to stabilize in the near future.
·DBP Future Forecast
The mainstream prices in the propylene market remain stable, while the mainstream factory prices in the n-butanol market have decreased. The mainstream prices of phthalic anhydride have increased, and downstream customers are in urgent need of purchasing. It is expected that the DBP market will continue to remain stable in the near future.