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China BDO-THF-PTMEG Weekly Report 20220801-20220805
August 08, 2022    [Source:PUdaily]

Market Overview

1.4 BDO                       

This week, the BDO market moved down. The operating rates of facilities remained largely unchanged compared with last week, thus lending modest support. The overall demand remained weak as downstream THF and PTMEG markets moved down. Operating rates in downstream spandex industry dropped significantly. In particular, Xinxiang Bailu Chemical Fibre lowered its operating rate to 20-30%. As a result, the BDO market fell slightly. On August 5, the prevailing offers in East China stand at CNY 10,200-10,700/tonne DEL in bulk by bank draft payment.

THF

This week, the THF market was weak. The prices of feedstock BDO decline, lending decreased support to THF prices. Although Jiangsu Xinbo Polymer Materials shut plant, many other facilities resumed normal operation. Thus, the operating rates in PBT industry remained stable, lending unchanged support to THF market. Demand was weak as operating rates in downstream spandex industry continued to drop. In particular, Xinxiang Bailu Chemical Fibre lowered its operating rate to 20-30%. Demand from other sectors was modest as buyers made purchases only to sustain production. all this led to thin confirmed orders-based trading. As a result, the manufacturers kept their offers at a relatively low level. On August 5, the prevailing offers for THF as a by-product stand at CNY 14,000-15,500/tonne DEL in bulk by bank draft payment, and CNY 15,000-16,500/tonne DEL in drum.

PTMEG

This week, the PTMEG market went down. The prices of feedstock BDO declined, lending weak support to PTMEG prices. However, the supply side lent stronger support as operating rates fell dramatically. Demand was weak as operating rates in downstream spandex industry dropped significantly. In particular, Xinxiang Bailu Chemical Fibre lowers its operating rate to 20-30%. And demand from non-spandex products manufacturers was also weak. On August 5, the prevailing offers for PTMEG 1800 stand at CNY 24,000-26,000/tonne; those for PTMEG 1000 stand at CNY 26,000-28,000/tonne DEL in drum; and those for PTMEG 2000 stand at CNY 25,000-27,000/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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