The OPEC meeting fulfilled the 100% reduction agreement, crude oil production growth was lower than expected, and European and American crude oil futures rebounded strongly. Environmental supervision continued, and some titanium dioxide company inventories declined, supply was tight, and the factory price was strongly raised.
International crude oil: OPEC meeting decided to implement 100% reduction of production agreements, which means that the organization's daily crude oil production increased by approximately 600,000 to 700,000 barrels, which is lower than the previous forecast of 1 million barrels. Combined with the reduction of AOL's oil drilling platforms, European and US crude oil futures rebounded strongly. . Friday (June 22nd) New York Mercantile Exchange West Texas Light Oil August 2018 futures settled at US$68.58 per barrel, up US$3.04, or 4.6%, from the previous trading day, trading range at US$65.71-69.38; London Intercontinental Exchange Brent crude oil August 1818 futures settled at 75.55 US dollars a barrel, up 2.50 US dollars over the previous trading day, or 3.4%, trading range of 73.24-75.59 US dollars.
Titanium Dioxide: Affected by environmental supervision, some titanium dioxide business units have been shut down, inventory is low, and supply is slightly tight. Longxun Lianyi Group has raised RMB 500/ton for various domestic customers today, and it is applicable to various international customers. Increased by 50 US dollars / ton, part of the titanium dioxide company also increased with the ex-factory price. The effect of this price increase on the sales volume of the company is uncertain, and the duration of the new sales price cannot be determined. Currently, there is a risk that the price of titanium dioxide will continue to fluctuate.
Propylene Glycol: Last week, the domestic propylene glycol market was mainly sideways, and the supply of cyclohexane in raw materials was favorable. The short-term price range was the mainstay, and the propylene glycol cost support was weak; the downstream unsaturated resin was in the off-season, and the polyether was just needed. The overall demand was still It is weak. The current import of industrial-grade propylene glycol has a certain price advantage, and it has a certain impact on the domestic propylene glycol market. However, recently, the installation of some manufacturers is on the verge of being overhauled, the supply side is relatively favorable, the market is weak and waits for stability, and the fluctuation space is limited. East China market reference price 9700-10100 yuan / ton, Shandong market reference price 9800-10000 yuan / ton, South China market reference price 97500-10000 yuan / ton.
Ethyl Acetate: At present, although some enterprise installations have been stopped, the industry operating rate is lower than the conventional level, but the parking companies all have inventory sales, so the overall supply is still relatively abundant; and the raw material acetic acid continues to weaken, the downstream demand is extremely weak, many parties Under the bad weather, all parties took bids to occupy the market, and it is expected that the market price will continue to decline in the later period. East China market reference price 6950-7100 yuan / ton, North China market reference price 6950-7050 yuan / ton, South China market reference price 6950-7050 yuan / ton.
Butyl Acetate: Last week, the domestic market for butyl acetate declined significantly. The trend of raw materials, acetic acid and n-butanol, was weak. The cost was flat and hollow. The downstream demand continued to be weak. The users just needed to receive the goods, and the market transaction atmosphere was deserted. The supply side of the supplier, Cathay Pacific and Cathay Pacific, hit the market and given impact to other suppliers. Many companies competed for low prices and the overall market conditions were weak. The butyl acetate price is expected to decline this week.
International crude oil: OPEC meeting decided to implement 100% reduction of production agreements, which means that the organization's daily crude oil production increased by approximately 600,000 to 700,000 barrels, which is lower than the previous forecast of 1 million barrels. Combined with the reduction of AOL's oil drilling platforms, European and US crude oil futures rebounded strongly. . Friday (June 22nd) New York Mercantile Exchange West Texas Light Oil August 2018 futures settled at US$68.58 per barrel, up US$3.04, or 4.6%, from the previous trading day, trading range at US$65.71-69.38; London Intercontinental Exchange Brent crude oil August 1818 futures settled at 75.55 US dollars a barrel, up 2.50 US dollars over the previous trading day, or 3.4%, trading range of 73.24-75.59 US dollars.
Titanium Dioxide: Affected by environmental supervision, some titanium dioxide business units have been shut down, inventory is low, and supply is slightly tight. Longxun Lianyi Group has raised RMB 500/ton for various domestic customers today, and it is applicable to various international customers. Increased by 50 US dollars / ton, part of the titanium dioxide company also increased with the ex-factory price. The effect of this price increase on the sales volume of the company is uncertain, and the duration of the new sales price cannot be determined. Currently, there is a risk that the price of titanium dioxide will continue to fluctuate.
Propylene Glycol: Last week, the domestic propylene glycol market was mainly sideways, and the supply of cyclohexane in raw materials was favorable. The short-term price range was the mainstay, and the propylene glycol cost support was weak; the downstream unsaturated resin was in the off-season, and the polyether was just needed. The overall demand was still It is weak. The current import of industrial-grade propylene glycol has a certain price advantage, and it has a certain impact on the domestic propylene glycol market. However, recently, the installation of some manufacturers is on the verge of being overhauled, the supply side is relatively favorable, the market is weak and waits for stability, and the fluctuation space is limited. East China market reference price 9700-10100 yuan / ton, Shandong market reference price 9800-10000 yuan / ton, South China market reference price 97500-10000 yuan / ton.
Ethyl Acetate: At present, although some enterprise installations have been stopped, the industry operating rate is lower than the conventional level, but the parking companies all have inventory sales, so the overall supply is still relatively abundant; and the raw material acetic acid continues to weaken, the downstream demand is extremely weak, many parties Under the bad weather, all parties took bids to occupy the market, and it is expected that the market price will continue to decline in the later period. East China market reference price 6950-7100 yuan / ton, North China market reference price 6950-7050 yuan / ton, South China market reference price 6950-7050 yuan / ton.
Butyl Acetate: Last week, the domestic market for butyl acetate declined significantly. The trend of raw materials, acetic acid and n-butanol, was weak. The cost was flat and hollow. The downstream demand continued to be weak. The users just needed to receive the goods, and the market transaction atmosphere was deserted. The supply side of the supplier, Cathay Pacific and Cathay Pacific, hit the market and given impact to other suppliers. Many companies competed for low prices and the overall market conditions were weak. The butyl acetate price is expected to decline this week.
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