market supply and demand changes from raw material prices

market supply and demand changes from raw material prices

Pentane blowing agent: market supply and demand changes from raw material prices

Since 2022, affected by the strong rise in the crude oil market, the price of Domestic Topping oil has risen as a whole, and the profits of downstream pentane foaming agent manufacturers once entered a negative range. In the middle of March, the crude oil began to fall after rising, the price of Domestic Topping oil began to decline, the profits of pentane blowing agent manufacturers improved, and the manufacturers began to operate one after another.

Taking Shandong as an example, it can be seen from the above figure that since 2022, the prices of topping oil and pentane foaming agent in the region have increased. However, from January to February, the price of raw materials has increased too fast, which has been higher than the price of foaming agent products for a long time. Considering the freight of raw materials, the processing cost of devices and other factors, the device has suffered obvious losses. The foaming agent factories in Dongying have shut down one after another, and the supply has declined. At present, the total capacity of pentane units in the Chinese market is about 3million tons, the daily theoretical supply is about 8200 tons / day, and the actual daily output is about 5800 tons. By the middle of March, it was more difficult to find goods downstream.

However, in the middle of June, the domestic refined oil market demand was poor. In particular, the epidemic situation in Shandong repeatedly led to the upgrading of management and control, many regions entered the state of home isolation, and the reduction of travel further weakened the gasoline consumption. As of June 29, the national VI 92. It is understood that the unit of Daqing Oilfield fine chemical industry was restarted on June 12, Dongying Liangxin Petrochemical Technology Development Limited Company resumed construction around March 15, and Shida Changsheng plans to resume construction on March 15, resulting in an increase in market supply.

As for the future market, the supply of pentane blowing agent in the Chinese market will remain stable from mid to late March to June. In terms of raw materials, there are certain guidelines on the news. The market has digested in advance the benefits of supply tightening brought about by the overhaul of Huaxing, Changyi, Zoje, etc. at present, it is mainly supported by downstream demand. By early April, there was a small and long Tomb Sweeping Day holiday in China. Although the epidemic situation has been repeated to a certain extent, there are still some goods in the domestic gasoline market, supporting the acceleration of raw material shipment and supporting the pentane foaming agent market. The downstream EPS market of foaming agent is expected to be better as the temperature warms up. Overall, the pentane blowing agent market maintained good supply and demand from mid March to June.

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