Operation and trend analysis of main raw materials

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

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

September 29, 2020

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: Recently, the inventory supply in PTA market is relatively sufficient, the price also continues to be stable, and the spot transaction in PTA market is relatively flat, PTA price is expected to be stable in the short term; Affected by the upstream market, some factories have stopped production for maintenance and limited supply, which has led to a sharp rise in NPG prices in the near future. It is expected that NPG prices will rise slightly in the short term

supply and demand: the demand of downstream customers is general, and the cost pressure of polyester plants is large

prediction: it is expected that the price of "polyester resin" will rise slightly by the end of September and the beginning of October 2020

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 transaction of epichlorohydrin was flat, and downstream customers had no demand for goods before the holiday for the time being. The overall market demand was weak, the operation of epichlorohydrin production enterprises was relatively stable, and the inventory of some manufacturers gradually increased. As of the close of this Thursday, East China market mainstream reference negotiation yuan/ton acceptance delivery; Huangshan market mainstream reference negotiation yuan/ton acceptance delivery; The mainstream reference negotiation in Shandong Province is yuan/ton, and it is expected that the cyclopropane will fluctuate in a narrow range in the short term; This week, the bisphenol a market first rose and then fell. From the end of last week to the beginning of this week, the domestic bisphenol a rose to yuan/ton, and the price continued to rise. At present, the spot inventory of bisphenol A is not very abundant, and the actual trading volume of downstream procurement is small. As of Thursday, the East China bisphenol a market closed at yuan/ton, and it is expected that the price of bisphenol A will fluctuate mainly in a narrow range in the short term

at the supply and demand level, the front and other straight sections of the C919 fuselage manufactured by AVIC Hongdu aircraft company and the large parts of the fuselage and ailerons of the C919 large passenger aircraft manufactured by AVIC Xi'an aircraft company have adopted a large number of advanced third-generation aluminum lithium alloy panels: the start-up change of the solid resin factory is relatively small, the manufacturers are currently mainly delivering low-cost orders in the early stage, and the supply of low-cost spot inventory is relatively small

forecast: it is expected that the price of "epoxy resin" will remain stable at the end of September and the beginning of October 2020

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: the recent market price rise of titanium concentrate is relatively obvious, and the mainstream quotation in the market is yuan/ton. After the price rise, downstream enterprises ask for more orders, and are hit by both upstream and downstream, Most customers in the market are cautious in purchasing, and it is expected that the price of titanium concentrate will rise in the short term; This week, the domestic sulfuric acid market was steadily pushing up, among which the shipment of Shandong smelting acid was relatively stable, the inventory of acid enterprises was at a low level, and the main smelting acid enterprises in western Shandong increased by 20 yuan/ton in a narrow range; Shandong sulphuric acid market has a good transaction, and the shipment of acid enterprises is relatively smooth. The acid enterprises in Jiangsu continue to operate at low load, and the main acid enterprises in Zhangjiagang have increased by 30 yuan/ton; Anhui acid price rises flexibly by 30 yuan/ton; Some acid enterprises in Hubei Province planned maintenance in the later stage, and the acid price rose by 30 yuan/ton with the market; The export of sulfuric acid in Guangxi is stable, and the price is slightly increased by yuan/ton. So far, the average negotiated price of domestic sulfuric acid this week is 148.96 yuan/ton, and sulfuric acid is in a stable state in the short term; The maintenance of domestic sulfur market is mainly based on stable operation. Domestic sulfur refineries in some regions continue to rise steadily, refineries in various regions maintain low inventory operation, and the shipment performance of refineries is different. The increase of local factories is yuan/ton; Another part of refineries maintain stable prices. Up to now, the average price of domestic sulfur is 731.82 yuan/ton. From the current market supply and demand performance, refineries in various regions mainly maintain low inventory operation. At the end of the month, some maintenance enterprises will resume production. It is expected that sulfur will mainly maintain stable operation in the short term

supply and demand: at present, the domestic market supply of titanium dioxide is relatively tight, the export market is increasing, and some large titanium dioxide factories are shut down for maintenance

forecast: it is expected that the price of "titanium dioxide" will rise slightly at the end of September and the beginning of October 2020

04 TGIC curing agent

raw material level: the price of epichlorohydrin rose slightly from the beginning of the month to the middle of the month, and then fell slowly. Most epichlorohydrin plants started relatively stably. Shandong Haili and Jiangsu Anbang plants are still in the state of plant shutdown, Jiangsu Haixing plant load is about 60% or 70%, and YIHAI KERRY plant is in the state of low load, Shandong Binhua and Hengyang Jiantao have been in high load operation, and the manufacturer's stock is abundant; Recently, the domestic TGIC market supply is still in a state of short supply. Coupled with the improvement of the export market, the shipment volume of the downstream market has also increased rapidly, and many enterprises in the market are still facing the risk of out of stock. Although the price of epichlorohydrin raw materials has decreased slightly recently, because the TGIC price in the market has been in a high state, coupled with the situation that the market supply exceeds demand, It is expected that TGIC prices will continue to maintain stability in the short term

at the supply and demand level: the domestic TGIC export market is good, but due to the limitations of the old production capacity, market speculation, the new production capacity cannot be released in the short term and other reasons, TGIC factories reduce the number of exports to try to meet the needs of the domestic market. At present, the domestic market is still in short supply

forecast: it is expected that the price of "TGIC curing agent" will remain stable at the end of September and the beginning of October 2020

05 HAA curing agent

raw material level: the spot market of DEA diethanolamine is still tight this week. Due to the centralized preparation of end customers before the National Day holiday, the price has increased recently. Some domestic factories will arrange maintenance plans next month, and the enthusiasm of customers to prepare goods has increased due to the holiday; R - small radius 14 ± 1; B - width of parallel part l0 ± 0.5; B11 end width 25 ± 0.5 units; Mm domestic plants: most domestic plants are mainly for stable operation. Zhongke plant plans to start up at the end of September, and the output can be listed after the National Day holiday. Sri Lanka plans to overhaul in October. The market supply is tight, and the price rises significantly. From the perspective of demand, there is strong demand in some industries downstream of the terminal. It is about to enter October. Some national experimental conditions: the soil of the plot is clay, and the surface is corn stubble. The maintenance of diethanolamine plant plants, It is likely to boost the imbalance between market supply and demand again, and diethanolamine is expected to show a slight upward trend in the short term; The downstream spot demand for DMA dimethyl adipate continues to be flat, and the plant operating load is relatively stable. It is expected that in the short term, DMA prices will be generally replaced every 6 months to maintain stability

supply and demand: Although the upstream raw materials have increased recently, the market demand of downstream customers is still relatively flat, mainly rigid demand

forecast: it is expected that the price of "HAA curing agent" will remain stable at the end of September and the beginning of October 2020