Poor polyether polyether market stagnant downstream demand sluggish supply recovery

June 13, 2022

So far, the domestic soft foam polyether market has experienced a long period of upward trend, but last week's market price increase seems to have become a tough end. The reason is the downturn in downstream demand and the recovery of supply, and the appreciation of the renminbi has depressed the export of downstream products. At the same time, it will stimulate the import of bulk chemical products to a certain extent.

In Eastern China, last week, the factory price of domestic soft foam polyethers increased by 200 yuan again, and the current minimum factory price was 15,700 yuan (t price, the same below). In addition, the source of imports last week, Ningbo Port, the lowest out of library offer 15,800 yuan; brokerage's external quote is 16000 ~ 16200 yuan, the transaction price of small quantities higher. The price of suppliers in North China to the parallel distribution of goods to East China, Jiangsu and Zhejiang is 16100 to 16300 yuan.

In northern China (including Shandong), foreign manufacturers' quotation basically remained unchanged last week. At present, all companies perform ex-factory prices of more than 16,000 yuan on the surrounding markets, and some companies have slightly higher prices; in addition, the ex-factory prices of supplies to the south are between 15800 and 16,000 yuan. In the northeastern region, due to the low output of enterprises, the foreign quotation is inflated.

In southern China (including Fujian), there have been recent arrivals of imported goods to Hong Kong, and the volume of shipments is not large; the current quotation for imports of imported parallel imports is 16,500 yuan. Other mainstream domestic sources of goods in the local distribution of goods to maintain the price of 16300 ~ 16500 yuan. The mainstream price in the barrel market is 17,000 to 17,300 yuan, and the price of a few recycling drums is slightly lower.

In the southwestern market, the domestic barrel price is 17,000 yuan.

For the market outlook, due to the fact that downstream construction in the summer is not high, on the contrary, high raw material prices and insufficient supply of polyethers have caused the prices of soft foam polyethers to be in a dynamic balance. Current crude oil prices have started to loosen, the PO market has stabilized, and the RMB exchange rate adjustment has had a negative impact on the downstream. Market analysts have analyzed that in the short term, the price of polyethers will continue to be difficult to increase.

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Ms. Lily Zhao

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