Chemical Weekly: product prices continue to fall, but fell more than last week

May 28 - June 4, this week the international crude oil futures shock consolidation, the overall price decline.

Spain's debt rating was lowered, the euro zone debt worries again warming, the US non-farm payrolls lower than expected, so that crude oil and other commodity market prices.

As of June 4, the New York Mercantile Exchange West Texas Light Oil July futures closed at $ 71.51 / barrel, down $ 2.46 on Friday; London Intercontinental Exchange Brent crude July futures closed at $ 72.09 / barrel , Down $ 2.57 on Friday.

Chemical prices continued to fall this week, and we tracked 186 effective data, up 25, up from last week, and the number of declining products continues to be higher than the number of products up to 58.

This week is worthy of attention:

Caustic soda, this week prices rose, or 3.33%, caustic soda market was temporarily stable, but the second alkali consumption of alumina industry is entering its downstream demand off-season, that is, 6-8 months. In addition, long-term price adjustment, test caustic soda digestion and transfer ability, is expected to short-term caustic soda prices will not rise sharply. Price rise on the double-ring technology, Shandong Haihua, Qingdao Alkali industry, three friends have a positive impact on chemical industry.

Adipic acid, this week the price fell, this week fell 2.8%, adipic acid market in southern China market temporarily stable, the market mainstream offer price remained at 19600-19800 yuan / ton. Downstream manufacturers are still waiting to see, to maintain a small amount of procurement on demand to maintain production, market turnover scarce.

Price decline on the Shenma Industrial, Tianli high school have a negative impact.

Soft foam polyether, the price fell 1.87% this week, the cost of support efforts to gradually reduce the trend of weak polyether market is difficult to change, some manufacturers have to stop the maintenance of the point, and downstream demand is still the key to the impact of polyether market, but short Downstream demand is no improvement possible, forecast, polyether market will continue to decline trend. Falling prices have a negative impact on Red Polaroid.

Industry news:

1, Xinjiang resource tax reform program details published ad valorem tax rate of 5%;

2, 2010 out of 71.8 million tons of calcium carbide production capacity;

3, the new standard compound fertilizer June 1 from the formal implementation;

4, India to China hydrofluoric acid initiated anti-dumping review investigation.