Soda ash
The price of soda ash futures in night trading last night continued to be weak.
The spot market is generally stable, and the price of light alkali in some regions continues to be slightly lowered. Recently, short-term stoppages and maintenance of equipment in the market have increased, and the overall operating rate of the industry has been reduced to 90.01%. Coupled with the delay in the ignition of Yuanxing’s new production capacity, the pressure on domestic supply has eased overall, but imported goods in April and May will also make up for part of the domestic supply. .
The sentiment on the demand side has not yet improved. In May, the float glass market has more ignition and production resumption plans, and the consumption of heavy alkali is still increasing, but the market lacks the support of procurement demand.
On the whole, there is no reversal in the short-term soda ash period and the current weak market sentiment. It is expected that the price of soda ash futures will continue to fluctuate in a wide range at the bottom. Pay attention to the maintenance of soda factories and the linkage impact of the glass market on soda ash.
Propylene Glycol
Analysis of the previous situation: Yesterday, the domestic propylene glycol market was relatively strong, while the raw material end propylene oxide market was stalemate and weak, and the cost support was temporarily stored. The downstream is mainly on the sidelines, and some transactions are just in demand. The supply-side installations are temporarily stable, and the follow-up part is reserved for maintenance plans, and the market continues to rise slightly.
Today’s forecast: Looking ahead, the downstream UPR and polyether markets are performing in general, the raw material propylene oxide market will be weak in the future, and there will be short-term support in the cost side. It is expected that the domestic propylene glycol market will continue to rise to a limited extent.
Dimethyl carbonate
Yesterday, the domestic dimethyl carbonate market was consolidating at a low level, and the downstream buyers were cautious. Some just needed to cover their positions in an appropriate amount, and there were limited reports. The center of gravity of new orders from factories tended to run at a low level for the time being. It is expected that today’s domestic dimethyl carbonate will run in a low and narrow range.
Post time: May-10-2023