Mingzhi Whisper

Today is Wednesday, September 7, 2022, the twelfth day of the eighth lunar month. Everyone is a seed. From breaking the soil to budding, they need to break through the tired soil and gravel, experience the sun and rain. When you are temporarily confined to the darkness, don't be discouraged, don't be impatient, silently absorb nutrients, work hard to lay a deeper foundation, and eventually usher in the most beautiful bloom. All efforts will be rewarded, but the flowering period of each seed is different.

--- crude oil ---

The focus of the international crude oil market has shifted from OPEC's production cut to the global economic recession and concerns about inflation. The spread of the global COVID-19 pandemic and the expectation of interest rate hikes by major central banks in Europe and the United States have weighed on oil prices, reducing investors' forecasts for future market crude oil demand. International crude oil prices closed down.

--- Ethylene oxide ---

Maintaining stable operation after ethylene oxide generally rose, upstream ethylene prices remained stable, ethylene oxide prices were firm, and supply was tight to execute contracts. Lianhong Xinke and Sanjiang Chemical Industry led the increase at 7,100 yuan/ton. The production costs of various enterprises continued to be under pressure, and the losses were still serious. The bullish mentality on the market was strong. The willingness to receive goods downstream increased, and the sentiment of driving up was high. The industry paid attention to the use of ethylene oxide production equipment in the later stage.

--- acrylic acid ---

The acrylic market is volatile and running, the upstream raw material prices are stable, the fluctuation has little impact, the quotation of acrylic manufacturers is firm, the center of gravity of trading is moving up, the enthusiasm of downstream inquiries is high, the willingness to receive goods is general, the continuation of rigid demand is selected for low procurement, the market mentality is cautious and wait and see, the end point demand is still light, and the later market of acrylic acid may fluctuate and rise.

--- polyether monomer ---

The market for polycarboxylic acid water reducer monomers continues to rise, upstream raw material prices are strengthening, monomer prices are firm and moving up, real single price negotiations are the main ones, comprehensive production capacity is low, the overall supply volume continues to shrink, and the supply side continues to tighten. Some production enterprises suspend quotations, stop production and wait to see if the size is large and small. Investors hold goods for growth. The overall trading atmosphere is positive, and the expected bullish mentality is strong. The industry generally believes that buying is earning, and the fundamentals of the monomer market remain positive. There is still room for growth in the short term.

Actual order price: 8500-8700 yuan/ton in HPEG Northeast China, 8800-9000 yuan/ton in TPEG Northeast China; 8500-8700 yuan/ton in HPEG East China, 8800-9000 yuan/ton in TPEG East China; 8500-8700 yuan/ton in HPEG South China, 8800-9000 yuan/ton in TPEG South China.