2013 2014 Basic Chemical dull atmosphere weaker overall situation

2013 Basic chemical dull market sentiment , trading cautious, in 2014 the overall situation is weaker .

2013 , China's basic organic chemical raw materials prices still crude oil prices led the overall price was essentially flat with last year . 2013 , domestic new ethylene and aromatics production capacity is relatively small, output growth is slowing down, resulting in a significant increase in 2013 imports of basic organic chemical raw material products . However, China's economic growth slows significantly affected by the impact of basic organic chemical raw material products of domestic apparent consumption growth slowed significantly . 2013 , basic organic chemicals downstream production capacity continued to expand rapidly , continue to release new demand , leading to increase in raw material supply gap , while the downstream product market competition , inhibiting the turnover of high -priced raw materials. Difficult to translate into consumer demand for new , lower plant operating rates decline , processing gross space narrowing , leading to the annual basic organic chemical raw materials market trading atmosphere is dull , cautious trading .

Ethylene prices a slight concussion

2013 , ethylene CFR Northeast Asia early price $ 1,275 / ton , the end price of $ 1,450 / ton, the annual average price of $ 1,309 / ton , up 8.85 percent .

2013 January-February due to insufficient supply of ocean-going cargo , resulting in tight supply Asian ethylene spot in crude oil and naphtha prices continued strength of the impact , and promote Asian ethylene spot prices continued to rise ; into March , subject to OPEC and other three institutions have reduced global oil demand is expected , a lot of bad effects of the rapid decline and fall of crude oil prices on consumption growth is expected , such as ethylene prices quickly fell ; second and third quarters of the Asian ethylene supply , though not sufficient , but sluggish downstream demand , downstream manufacturers of vinyl Order procurement of raw materials , resulting in long- running low ethylene prices ; end of the third quarter, obvious signs of global economic recovery , the market demand significantly improved, while demand from the Chinese market, orders began to increase , the market trading was active , pushing Asian ethylene prices quickly rebounded ; fourth quarter by Some devices have downtime impact of continued tight supply of ethylene in Asia , prices have continued to run the same position .

2013 , subject to continued tight supply of ethylene Asian influence , ethylene prices are relatively high. 2014 Asia ethylene plant maintenance plan more, Japan plans to permanently shut down two sets of devices , and from the Chinese market demand for ethylene styrene monomer remains strong , Asia is expected to be difficult to ease the shortage of supply of ethylene .

Low propylene prices before and after high

2013 , acrylic CFR Northeast Asia, beginning price of $ 1,300 / ton, the end price of $ 1,498 / ton, the annual average price of $ 1,395 / ton , up 4.47 percent .

2013 , domestic propylene prices synchronous Change , showing a trend of low to high before . 2013 , Asian propylene by lower refining plant load impact, but more ethylene plant maintenance, the relative lack of Asian propylene supply over an extended period ; domestic supply of propylene add fewer goods , while the downstream demand , such as propylene oxide added , Oxo alcohols, acetone produced rapid expansion , resulting in domestic propylene supply gap continues to widen , the annual domestic propylene imports continued to grow substantially.

2014 , a substantial increase in production capacity of propylene , in addition to refining and ethylene propylene cogeneration have expansion , another five new sets of MTO unit capacity of 2 million tons and a capacity of five sets of PDH unit will focus on the release of 2.5 million tons , thus the shortage of propylene supply will greatly ease the pressure , in the case of increased downstream competition , propylene prices will be difficult to continue to run high .Sellotape


Butadiene sharply lower

2013 , butadiene CFR Northeast Asia early price $ 1,590 / ton , the end price of $ 1,485 / ton, the annual average price of $ 1,488 / ton , down 37.9% .

With ethylene feedstock lightweight , global butadiene supply shortage will show trends , but by the steady growth in consumption of tires and rubber products and natural rubber production increased significantly influence the synthetic rubber consumption growth inhibition , affected , 2013 butadiene consumer demand gap is much larger than the gap , the gap is much lower than expected butadiene consumption , led to a substantial decline in the price of butadiene .

Enter 2014 , natural rubber production is expected in the steady growth of repression, synthetic rubber plant operating rates is difficult to pick up , butadiene consumption gap is difficult now , butadiene prices will correspond to the price of natural rubber costs range bound , domestic butylene oxide dehydrogenation affected by the high cost is still difficult to stable operation.

Benzene shock fall

2013 , the beginning of Benzene FOB Korea price of $ 1,482 / ton , the end price of $ 1,353 / ton, the annual average price of $ 1,302 / ton , up 7.99 percent .

Early 2013 , good news from China will continue to release new demand under benzene external disk market price continued to run high . Into March , the United States and Europe styrene plant centralized maintenance, local excess benzene supply ; domestic downstream phenol, aniline , cyclohexanone industry due to cost pressures , the impact of blocked shipments to begin work stoppages or load shedding . In mid- May , the downstream product prices fell sharply again . After mid-August, with the gradual improvement in macroeconomic restore market confidence , the downstream have started new demand , supply gap expanding domestic benzene , benzene market prices began to gradually rebound.Washi tape


2013 , domestic benzene production capacity is relatively less new demand downstream , domestic benzene supply demand gap further increase , leading to a substantial increase in benzene imports. 2013 , the market price is higher than the previous year benzene styrene mainly by the high price support , while running near aniline , cyclohexanone still cost line , phenol by overcapacity narrowed significantly affect the processing interval , once run under the cost line.

2014 , new demand is relatively lower domestic benzene production capacity is still small, benzene supply gap is expected to increase further, Asian benzene production capacity is expected to focus on the release in the second half , which will run high benzene market in the first half , The second half of the sources of imports increased by the effects of benzene prices relatively low run .Masking tape


Toluene low volatility

2013 , the beginning of toluene FOB Korea price of $ 1,362 / ton , the end price of $ 1,164 / ton, the annual average price of $ 1,161 / ton , down 1.32 percent .

2013 , by the national economic slowdown , domestic demand growth slowed toluene solvent , social demand for oil, refined oil supply by easing the impact of non- incremental , but domestic demand remains toluene chemical synthesis of steady growth , PX Toluene toluene price increases affect the long-term needs by running low . Meanwhile, in 2013 the domestic production capacity of toluene fewer still result in a substantial increase in imports in 2013 toluene. Into 2014 , will focus on the domestic release of new supply in the second half , while demand in Asia toluene new PX devices also focused on the release of the second half , the second half will be significantly reduced import supply toluene offset by the increase in domestic supply , so the market price is still toluene the demand in the vicinity of oil, the cost of running the line , while in the second half due to new supply and demand does not match the time of production accelerated shock .

Xylene concussion

2013 , grade xylene isomerization FOB Korea price of $ 1,395 in early / ton , the end price of $ 1,201 / ton, the annual average price of $ 1,249 / ton, the annual average price fell 0.85 percent .

2013 , Asia xylene oversupply into 2014 , the Asian region PX 300 tons production, new materials xylene demand of 100 million metric tons, transferred to a shortage of supply in Asia xylene . 2013 , by domestic aromatics plant expansion and reconstruction of the affected domestic demand for PX devices continue to significantly reduce raw -xylene , and new demand for raw materials xylene Dragon PX device is much lower than expected , making 2013 the import of xylene significantly reduce the amount . Late 2014 , the Yangtze, Shijiazhuang , the production of large-scale restructuring in the second quarter , will make Yangtze xylene significantly reduced demand for raw materials , and a substantial increase in domestic supply xylene , p-xylene resulting in the second half of domestic supply and demand balance will be dependent on imports into dependent on exports. But xylene market prices by excess supply of repression PX market , the price is difficult to have a good performance.

2014 , will accelerate the pace of global economic recovery , domestic demand growth is still a vast space , in terms of urban renewal and rural infrastructure is still an urgent need for investment , and therefore , the downstream end consumption growth is better than in 2013 . Meanwhile, the domestic basic organic chemical raw materials will continue to expand downstream capacity , market competition , will transfer to the procurement of raw materials , will resist the high price of raw materials , and therefore , basic organic chemical raw material products overall weaker than the market price in 2013 .Wholesale masking tape