Basic Chemicals: The price of calcium carbide falls and the spread of downstream products expands

Spreads widening variety of vinyl acetate, ****, PVA, coal-based dimethyl ether, PTA, phosphate fertilizer DAP, glycine glyphosate, yellow phosphorus, ethylene PVC, polymeric MDI

This week, the average price of vinyl acetate in East China fell by 2.4% to RMB 7,700/t. The price of calcium carbide in the upstream decreased rapidly. The average price in Eastern China fell by 5.88% to RMB 4,600/ton. The price of acetic acid in East China decreased slightly. The spread rose by 96%. Weiwei 1799 flock PVA continued to maintain 16,700 tons, upstream calcium carbide prices fell, this week, PVA week average price difference rose 29%.

PTA prices in East China continued to rebound this week and fell slightly in the second half of the week. The average weekly price rose by 2.3% to 9,400 yuan/ton. The average weekly spread rose by 8%. The high oil price is strong, which strongly supports PTA prices, but the downstream polyester filament companies gradually enter the off-season. The power to support PTA price increases mainly comes from the external disk. In the short term, PTA will continue to maintain its volatility.

This week, Guizhou Hongfu Phosphate DAP continued to maintain 3,150 yuan/ton. The upstream ** fell sharply, this week, the average price difference of phosphate DAP DAP rose 5.1%. This week, urea, potash fertilizer, monoammonium and other products have a downward trend, coupled with lower food prices, the recent DAP market wait-and-see atmosphere is strong, but 64% diammonium continued to be out of stock, so the price change is not. In the short term, diammonium prices will remain stable at high levels.

This week, the price of yellow phosphorus in Chuantiao rose slightly by 0.3% to 14,900 yuan/ton, and the weekly average price rose by 1.9%. The market of yellow phosphorus was lightly traded, and the downstream enterprises had a stronger wait-and-see attitude and the transaction was difficult to increase. The prices of upstream raw materials have risen, and most yellow phosphorus manufacturers have also maintained a wait-and-see mentality. The willingness of companies to sell yellow phosphorus at low prices is not strong, and the price of yellow phosphorus is mainly stable in the short term.

This week, East China polymerization MDI dropped slightly to 17,250 yuan/ton. Yantai Wanhua polymerized MDI prices continued to remain at 18,000 yuan/ton, and the weekly average price rose slightly by 0.2%. Close to the year, the downstream enters the production off-season, the actual turnover is scarce. The construction of Wanhua's new and old buildings will gradually return to normal and the shipment will also stabilize. Therefore, supply will gradually increase in the short term, and it is expected that the consolidation status of the polymerization MDI market will continue to be weak, and the market outlook will also be lower.

This week, the general market price of spandex 40D dropped slightly to 63,000 yuan/ton, and the average weekly price difference was slightly pulled back. Near the end of the year, the overall start-up load of downstream textile companies began to increase slightly. However, early-stage spandex prices increased significantly. Most of the weaving companies already have a certain amount of inventory, and there is no significant rebound in the total purchase of spandex products. Spandex costs remain high, but they are near the end of the year. The limited amount of space and upward mentality of manufacturers' shipments will make the spandex market continue its downward trend.

This week, the average weekly BDO price in East China fell by 3% to 19,700 yuan/ton, and the average price difference of calcium carbide method BDO dropped by 2.4%. Close to the year, the market orders decreased, the domestic manufacturers to install more and more stable, the market outlook gradually normal supply, BDO is expected to be weak consolidation later.

Variety of reduced spandex spandex 40D, acetic acid, diethanolamine glyphosate, calcium carbide PVC, silicone DMC, calcium carbide BDO, maleic anhydride BDO, DMF, TDI, natural gas urea, coal urea, pure MDI, coal head methanol, Caustic soda, ammonia soda ash, soda ash, viscose staple, bisphenol A, polyester PET, thermal phosphoric acid.