blowing agent prices

Pentane foaming agent increased by 0.78% and 0.81% respectively today. The price of our D20 De-aromatics solvent oil/D-20 Fluid has been stable.
Summary of China aromatic solvent oil: market trading light aromatic solvent oil market deadlock finishing
Today, the overall trend of aromatic solvent oil market is stable, moderate and slightly rising. Due to the unexpected rise in the price of raw material carbon 10 and the sudden surge in enterprise cost pressure, aromatic solvent oil enterprises in East China rose flexibly today. However, due to the early shutdown of some downstream enterprises, the actual transaction situation in the recent market is not optimistic, so it is difficult to push up the market price of aromatic solvent oil, Most enterprises also mainly complete the early low-cost contract orders, and there are few new orders. On the whole, the aromatic solvent oil market is facing a serious situation of high cost and low demand. It is expected that the market price will be in a dilemma in the short term, or the stalemate will continue temporarily.

Chemical Industry News Express

• Exchange rate: the middle rate of RMB exchange rate in the inter-bank foreign exchange market on January 6, 2022
  RMB: on January 6, 2022, the central parity rate of RMB against the US dollar increased by 51 points to 6.3728. The median price of the previous trading day was 6.3779.
• USD: closing price of USD index on January 5, 2022
  USD: on January 5, 2022, the main contract of ICE USD index fell 0.092 to close at 96.182.
• Gold: gold price of Zhishang exchange on January 5, 2022
  Gold: on January 5, 2022, the price of the main contract of CME gold futures rose 10.5 to close at 1825.1 yuan / ounce.
• Inventory: < PAJ > Japan’s commercial crude oil inventory increased in the week of January 1
  Japan Petroleum Association (PAJ): as of the week of January 1, Japan’s commercial crude oil inventory rose 620,000 kiloliters to 9.22 million kiloliters.
• Summary of Economic Data of Major Economies
  China
  Ministry of Finance: from January to November, the stamp tax revenue was 393.5 billion yuan, a year-on-year increase of 35.4%. Among them, securities trading stamp Tax revenue was 247.6 billion yuan, a year-on-year increase of 43.3%.
  National Bureau of Statistics: in November, the added value of industries above designated size increased by 3.8%.
  In November 2021, the ex factory prices of industrial producers in China increased by 12.9% year-on-year, unchanged month on month.
  In November 2021, the national consumer price rose by 2.3% year-on-year.
  The Caixin China general service industry business activity index (service industry PMI) in November released on December 3 recorded 52.1, a year-on-year increase. It fell by 1.7 percentage points in October.
  The manufacturing PMI of Caixin China in November announced on December 1 recorded 49.9, down 0.7 percentage points from October.
  In November, the purchasing managers’ index (PMI) of China’s manufacturing industry was 50.1%, up 0.9 percentage points from the previous month
  Above the boundary point, the manufacturing industry returns to the expansion range.
  U.S.A
  Data released by the U.S. Department of labor on Thursday showed that the number of initial jobless claims in the United States in the week to December 11 was 206,000,
  The previous value is 188,000, and 200,000 are expected.
  The monthly rate of retail sales in the United States rose by 0.3% in November, the lowest since July.
  ADP employment in the United States increased by 534,000 in November, which is expected to be 525,000, compared with the previous value of 571,000.
  The ISM manufacturing activity index rose to 61.1 from 60.8 last month.
  EuroZone
  France’s inflation rate accelerated in November, reaching its fastest pace in more than a decade. According to data released by the French government on Tuesday,
  In November, France’s CPI rose 0.4% month on month and 3.4% year-on-year, higher than economists’ expectations and the largest since 2008 year on year growth.
  France’s industrial output in October was – 0.5% year-on-year, expected to be – 0.4%, and the previous value was 0.8%. France’s industrial output in October was 0.9% month on month, expected 0.6%, previous value – 1.3%.
  The initial annual rate of CPI in the euro zone recorded a record high of 4.9% in November.
• The OPEC meeting decided to maintain an increase of 400,000 barrels / day
  At the end of the OPEC meeting on Tuesday evening, OPEC representatives said that OPEC approved the production increase plan of 400,000 barrels / day in February at a meeting on Tuesday and insisted on gradually restoring the output stopped during the epidemic.
  Market analysts believe that the oil price is still hovering around $80 / barrel, which may be higher than the price expected by US President Biden. OPEC believes that the impact of the Omicron mutant will be mild and short-lived. Although it is expected that there will be an oversupply in the first quarter of this year, OPEC is still optimistic about the trend of demand. Citing the latest internal report, foreign media pointed out that OPEC expects an excess supply of 1.4 million barrels in the first quarter of 2022, about 25% less than the forecast a month ago.
  More importantly, at present, many OPEC + member states are unable to meet their production targets, which is the result of years of insufficient investment or mismanagement, and the epidemic has exacerbated this situation. Platts energy predicts that OPEC +’s sustainable surplus capacity will fall to 1.2 million barrels per day by June next year, weakening the alliance’s ability to offset supply disruptions.
  At present, the market generally expects that the oil market will still be vulnerable to geopolitics in 2022, and OPEC + may pay close attention to the tense relations between Russia and Ukraine and the ongoing Iranian nuclear negotiations.
• Citigroup: it is expected that Brent crude oil price will fall rather than rise in 2022, with a decline of US $15 / barrel
  Ed Morse, global head of commodity strategy at Citigroup, said that in the past year, oil inventories have decreased and supply has fallen short of demand. This year, the situation has begun to be different. It is expected that oil inventories will begin to increase rapidly in the world no later than the second quarter of this year. Therefore, we expect oil prices to fall rather than rise this year. It is expected that by the fourth quarter of this year, the average price of Brent crude oil will be lower than more than $75 / barrel by $10, $12 or even $15 / barrel.
• OPEC lowered its forecast of global oil oversupply in the first quarter
  On January 3, the day before OPEC + discussed whether to increase production again, OPEC lowered its forecast of excess supply in the global oil market in this quarter. OPEC + representatives said they expected Tuesday’s meeting to promote moderate production increase, and the latest forecast may encourage them to make this decision. According to an internal research report reviewed by OPEC and its allies on Monday, the organization currently predicts an excess supply of 1.4 million barrels a day in the first quarter of 2022, about 25% less than the forecast a month ago. The main reason for the forecast adjustment is the weakening Supply Prospect of competitors. As the demand outlook is stronger and the overall outlook for 2022 is also slightly enhanced, OPEC predicts that there will be an average oversupply of 1.4 million barrels per day throughout the year, lower than the forecast of 1.7 million barrels last month.
• The Fed hinted that it might have to raise interest rates earlier
  Meeting minutes: the hawkish fed hinted that it might have to raise interest rates or even shrink the table earlier to curb inflation;
  ① Fed policymakers said at last month’s meeting that the “very tight” job market and high inflation may require the fed to raise interest rates earlier than expected and begin to reduce the overall asset holdings as the second brake pad of the economy.
  ② The minutes of the policy meeting on December 14-15 released by the Federal Reserve on Wednesday show that Federal Reserve officials are unanimously worried about the rate of price rise that is bound to continue and that the global supply bottleneck will “last for a long time” in 2022.
  ③ At least in mid December, these concerns even seem to outweigh the risks posed by the rapidly spreading Omicron variant. Some Fed officials believe that this variant virus may further increase inflationary pressure, but will not “fundamentally change the path of U.S. economic recovery”.
  ④ The minutes of the meeting pointed out that “members generally pointed out that taking into account their views on the economy, labor market and inflation, it may be reasonable to raise the federal funds rate earlier or faster than previously expected. Some members also pointed out that it may be appropriate to start reducing the size of the balance sheet within a relatively short time after starting to raise the federal funds rate.”
  ⑤ The wording of the minutes shows the depth of consensus reached by the Federal Reserve in recent weeks on taking action to deal with high inflation – not only by raising borrowing costs, but also by taking the next step to reduce the accumulation of U.S. Treasury bonds and mortgage-backed securities during the Federal Reserve epidemic, so as to lower long-term interest rates.