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China BDO-THF-PTMEG Weekly Report 20220725-20220729

August 01, 2022 [Source:PUdaily]

Market Overview

1.4 BDO

This week, the BDO market declined slightly. As Henan Energy Chemical Group Fine Chemical changed catalysts, and multiple manufacturers lowered their production loads, the supply side lent stronger support to BDO market. The overall demand remained weak as downstream THF market moved down and the PTMEG market significantly declined. Due to sluggish end-use textile market the spandex market remained weak and may continue to decline. As a result, the BDO market fell slightly. On July 29, the prevailing offers in East China stand at CNY 11,600-12,100/tonne DEL in bulk by bank draft payment.

THF

This week, the THF market was weak. The prices of feedstock BDO went down, thus lending decreased support to THF market. However, the supply side lent increased support as operating rates in the PBT industry continued to fall. Demand from downstream spandex industry remained depressed. Other downstream manufacturers made purchases only to sustain production. This resulted in thin confirmed order-based trading. As a result, the manufacturers kept their offers at a relatively low level. On July 29, the prevailing offers for THF as a by-product stand at CNY 14,500-16,000/tonne DEL in bulk by bank draft payment, and CNY 15,500-17,000/tonne DEL in drum.

PTMEG

This week, the PTMEG market fell dramatically. The prices of feedstock BDO went down, continuing to lend decreased support to PTMEG market. As Ningxia Xiaoxing Technology restarted its plant, the supply side lent weaker support. Demand from spandex sector remained weak due to sluggish end-use textile market. That from non-spandex products sector was also low. On July 29, the prevailing offers for PTMEG 1800 stand at CNY 26,000-28,000/tonne; those for PTMEG 1000 stand at CNY 28,000-30,000/tonne DEL in drum; and those for PTMEG 2000 stand at CNY 27,000-29,000/tonne DEL in drum.

Suppliers'Quotes ...

China 1.4 BDO Facilities Dynamics...

China THF Facilities Dynamics...

China PTMEG Facilities Dynamics...

Upstream Feedstocks Analysis...

Imports and Exports Analysis ...

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