Nymex crude oil prices continued to rise due to the continuous decline of the U.S. dollar exchange rate last week and closed at 112.29 U.S. dollars per barrel on Friday, up 2.4%; natural gas prices closed at 4.412 MMBtu, up 4.9%; Singapore diesel offshore prices were at 138.85 U.S. dollars. Barrels, up 1.3%, offshore FOB prices reported at US$129.4/barrel, up 2.5%; European ports FOB offshore prices at US$1126/ton, up 2.2%, New York Port FOBs at 321.24 US cents/gal, up 0.6%; Japanese naphtha CIF price is 1,076 USD/ton, up 2.2%
Last week, the methyl ethyl ketone market tended to be stable, and the downstream companies had become cautious in receiving goods. As of last Friday, they closed at 22,000 yuan/ton, basically the same as last week. Although there was no significant change in the downstream demand for acetic acid, due to the recent increase in export volume and the availability of limited factory supplies, the price of glacial acetic acid closed at 5,000 yuan/ton last week, up 6.4%.
Due to the continuing tight supply of raw materials, the price of
Calcium Carbide continued to rise last week and rose to RMB 3,500/ton, a rise of 6.1%. Due to the increase in the operating rate of downstream PVC enterprises, the demand for raw materials has risen sharply, and companies have raised the price of calcium carbide to ensure the availability of equipment. The overall performance of calcium carbide supply was tight. The manufacturers of calcium carbide in Inner Mongolia and Ningxia continued to increase factory prices, and most PVC manufacturers were active in purchasing.
Under the strong support of propylene oxide, together with the generally bullish polyether market in the sponge factory, the price of polyether hard foam rose sharply last week and ended at Friday at 15,200 yuan/ton, an increase of 10.1%.
The price of pure MDI and polymerized MDI dropped last week. The price of pure MDI was reported at 21,500 yuan/ton, and the price of polymerized MDI was reported at 17,300 yuan/ton, with a decrease of 0.5% and 0.6% respectively.
Last week PTA, polyester short-term prices continue to explore, as of last Friday, were reported at 10,800 yuan / ton, 13,700 yuan / ton.
The urea market price continued to increase in most parts of the country last week, and the wholesale price of urea in Jiangsu reached 2,000 yuan/ton, up 1%.
Last week, the price of 64% Sanhuan Cargill's diamine in Xuzhou, Jiangsu, dropped to RMB 3,450/ton, a decrease of 6.8%.
The wholesale price of potash fertilizer in Jiangsu was reported at 3150 yuan/ton last week, up 1.6% from last week.
June 12, 2018
