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China Polyurethane Monthly Report 201308
September 10, 2013    [Source:PUdaily]

TDI: China TDI market surges to almost five-month high in August with price peak at RMB23500/ton amid supply tightness, but it softens during the last week in August when domestic manufacturers indicate regular supply in the following month and bullishness disappears...

Toluene:  Domestic toluene market veers up and down pulled up by rising crude oil and dragged by weak demand. Prompt cargoes hit RMB8250/ton in mid-August before it falls down to RMB8050-8150/ton...

Polymeric MDI: The polymeric MDI market in China is driven up by distributors’ speculation and needs to recoup loss amid tight supply. Large and rapid price hike prompts some buying interests from users, but it soon winds down and market edges down because of unimproved demand and fresh supply from imports...

Benzene: Benzene market in China climbs slightly on producer’s price hike. Traders stick to firm offers at RMB9350-9400/ton in spite of weak demand...

Aniline: China aniline prices mainly dip lower due to ample supply and sluggish demand and it settles lower at RMB10800-11300/ton (bank draft)...

Pure MDI: Bullishness in TDI and PMDI market finally spills over to the pure MDI market in the H2 of August and spot traders become reluctant to sell stocks at low prices. But trading activities have always been weak within this month...

Propylene Oxide: Propylene oxide (PO) market largely operates at high level in August. Its prices increase by RMB700-800/ton till the middle of August as imported PO stocks are limited in E-China and PO transactions move smoothly with more orders from polyols factories...

Propylene: Propylene market is on the rising at the beginning of August amid tight supply and better downstream polypropylene powder and octanol market. But its prices decrease by about RMB350/ton in the middle of August as downstream buying interest gradually cools off...

Liquid-chlorine: Liquid-chlorine market is under adjustment at low level at first and suppliers face high sales pressure especially in Shandong and Hebei as downstream buyers are negative about later market thus keep their facilities operating at low loads with few demands for liquid-chlorine...

Flexible Polyols: Flexible polyols prices largely increase in August once even to RMB14000/ton which is RMB1000/ton higher than in July due to tight supply and high cost. But downstream buying interests gradually fade away with continuously increasing quotations and buyers only make purchasing with small orders...

Flexible Polyols (HR Polyols): HR polyols mainstream negotiation prices are on the rising but its overall transactions are still limited during dull season. Most of downstream automotive accessory factories keep low running loads at high temperature and buyers only purchase on need-to-basis as they get limited orders...

Rigid Polyols: Along with PO prices’ increment, rigid polyols suppliers increase their quotations by RMB300-500/ton but downstream buyers are quite resisted to the high-priced stocks due to overall slack demands...

POP: POP prices continuously go up in the first half of August forced by high cost but downstream demands haven’t improved a lot and buyers only purchase with low rigid demands...

Elastomer Polyols: Elastomer polyols market is relatively better as its downstream sectors like plastic track and waterproof have better demands but its transactions gradually move slowly along with prices’ increment...

Polyols Market in Southeast Asia: Polyols suppliers in Southeast Asia try to hike their quotations in August forced by increasing raw materials prices but only in quite small range restricted by low demands. Its polyols prices gradually stabilize till the end of August...

Acrylonitrile: Acrylonitrile market stably moves upwards. At the first half of August, its prices go up slowly by RMB300/ton supported by high propylene cost but restricted by low buying interests...

Styrene: Styrene market moves downwards ending a month’s increasing trend as downstream demands have no improvement and buyers are unwilling to continue to accept high-priced stocks. Till the end of August, its mainstream negotiation prices gradually stabilize at RMB12800-12850/ton along with oil prices’ increment and fewer imported stocks.

PTMEG: In August, PTMEG market maintains favorable. In spandex filed, demands continue moving upwards since July and this also bolsters upstream PTMEG market. What's more, demands from spandex filed are expected to keep rising in near term due to the coming of traditional busy season in September...

BDO: In August, domestic BDO market keeps insipid and BDO spot prices turn to be stable after slight increase.To manufacturers, Henan Coal 50ktpa BDO facility construction of second phase will come to the end and it is expected to be under trial runs next month...

THF: THF market appears to be gloomy before August 12 and then warms up. To market supply, most domestic PBT units are closed for maintenance, but THF market supply is still ample due to previous inventory...

Upholstered Furniture: China produced 3,337,300 pieces of upholstered furniture (including mattress and sofa) in July, down 8.13% compared with June. The production volumes in most provinces perform to move downwards during dull season...

Automobile: Automobiles’ production and sale volumes in July continue to decrease compared with last month but keep increasing year on year. The increasing range of automotive production and sale volumes though is slower than June keep increasing at over 10%...

...

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