Thursday, April 23, 2009

Petroleum and Chemical Industry: acetic acid prices continue to rise

By Zou Frbiz

According to fresh written knowledge issued by the United States, 10 U.S. non-strategic reserves of crude oil inventory has advanced to 366.7 million barrels, in September 1990 for the utmost worth, this opposing journal, as well as the consequence of the U.S. dollar last week, Nymex crude oil futures costs of Since February this year, the greatest since the week of descent, Friday to close at 50.33 U.S. dollars / barrel, or 3.7%. Natural gas futures costs went up 3.3 out of 100 the earlier week to 3.729 U.S. dollars / MMBtu, but still at historic lows.

Benzene prices last week the slow-down, rose 8.3% to 5200 yuan / ton. Outside the disk as a result of market prices remained stable, rising domestic Benzene has also been a certain resistance to the wishes of manufacturers increased shipments, but when Friday Sinopec Wuhan Branch of the pure benzene prices rose to 5400 yuan / ton, some manufacturers have intend to increase this week, is expected to remain up having pure benzene. Phenol and bisphenol A in the pure benzene prices, driven up by 10.8%, respectively, -10.5% to 7200 yuan / ton and 9500 yuan / ton.

Last week, 11.4% glacial acetic corrosive carried on up to 3900 yuan / ton, even so, mixed from region. Serious deliver shortages in southerly China, chiefly of tiny solitary transaction; and demand in North China due to insufficient light-weight turnover; the most good in east China, manufacturers are the principle suppliers to the bond, traders have little store, some traders even at a 4,200 yuan / ton price. Follow-up costs but in addition be reliant on the recital of downstream products.

Last week, propylene prices fall significantly, down from 11.2% to 7520 yuan / ton. Receives a large number of domestic prices began to adjust the pressure of imports down, waiting for the follow-up still a large number of sources of goods to Hong Kong and the follow-up can not be optimistic about the trend.

Polyurethane, the polymeric MDI charges have escorted in a long time, but furthermore a gigantic increase, up 29.2 per hundred to 15,500 yuan / ton. Downstream demand for ultra-rigid and partial output is anticipated due to gear malfunction or aniline initiated by insufficient provide of raw components provide stress is the major cause for increasing polymerization MDI. Affected by this, in east China polyether foam charges 8.2 per hundred to 9200 yuan / ton, the smaller comes to of the frig market demand and the top comes to of the steadiness of charges will be rigid to support prices. However, charges in the PO directly up after the drop, or 8.0 per hundred to 10,300 yuan / ton, propylene cost fall influenced the mentality of businessmen, have to decrease the boats cost, but there are furthermore some follow-up of trades of items to Hong Kong manufacturers on the smaller comes to of the formation of shunt .

International urea market transactions last week, still lightweight, the number of customers in South Asia appears to be waiting for China's trade items, North America, Europe, the procurement lightweight, the dock of urea charges proceeded to down turn somewhat, the reduced end of the Arab district FOB charges stay at 270 U.S. dollars / tons, However, high-end charges extend to decline; household urea market is still feeble, the region-based charges to drop, Jiangsu district sustained at a wholesale cost 1870 yuan / ton. International DAP charges dropped afresh, the Tampa locality or FOB cost of 5 U.S. dollars / ton to 335 U.S. dollars / ton; the household market steady, but the genuine transaction charges, Jiangsu district dropped 200 Price / ton to 3,000 yuan / ton. International potash charges steady, but household potash fertilizer output as a outcome of the downstream locality of the expansion and that some dealers out low-cost items, the cost proceeded to drop, Jiangsu district of Russia or potassium 100-3700 yuan / ton. - 22787

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