PTA Asian PTA prices higher this period, some businesses said that the PTA market will be supported by higher prices of PX supply. BP's PTA plant with a capacity of 900,000 tons/year in Zhuhai was accidentally shut down, and China's Hanbang Petrochemical's 600,000-ton/year PTA plant was also closed down unexpectedly, but the market was less affected. Most merchants stated that PTA prices will remain firm in the short term, as PX prices are firm, and in September and October, textile demand season will usher in. China's import market, the current market opened firm, due to higher prices of PTA**.
A shipment of Chinese Taiwanese cargo was concluded at a price of 1275 U.S. dollars (CFR, China's main port). On August 23, an end user purchased Taiwan cargo delivered at the end of August for US$1280 (CFR, China’s main port). On the 24th and 25th of August, the price of PTA was stable because the business is still on the market. PTA prices fell slightly on August 26 as PTA** fell. An end-user bought a ship from Taiwan’s bonded warehouse for US$1280 (CFR, China’s main port).
In the current period, the spot price of acrylonitrile in Asia for acrylonitrile was stable, and the transaction in August was basically completed. In the Northeast Asian market, Japanese manufacturer Asahi Glass revised downwards its September Far East contract price by US$5 to US$2450 (CFR, Asia). China's spot imports of acrylonitrile are still weak due to sufficient domestic supply. In China, the price of acrylonitrile in the current period fell by 800 to 900 yuan, to 17,000 to 17,200 yuan (the stock price increase).
Acetic acid spot price of Asian acetic acid fell by US$10 to US$20 in the current period, and spot market transactions were in the doldrums. It is expected that as supply tensions ease, prices will decline, and buyers will return to the market. In Northeast Asia, the valuation of acetic acid fell by 10 dollars, and the market lacked transactions. The stock price of Kuti in East China fell by 50 yuan to 3,500 to 3,900 yuan, with a low turnover. Domestic acetic acid prices fell to 3,300 yuan (Kuti) or below will prompt some local manufacturers to lower operating rates to ensure profits.
Vinyl acetate's spot valuation of vinyl acetate in Asia declined steadily during the current period, reflecting the level of price negotiations and sporadic transactions in September. Northeast Asia, the current valuation is stable, trading is scarce. Shipments for September were priced at US$1200 (CFR, Northeast Asia), but delivery quotes were broader to suppress trading. Domestic vinyl acetate prices continue to decline in China, and the price of Kuti transactions in East China fell by 200-300 yuan to 8,600-8,800 yuan.
In the current period, the spot price of phenol in Asia continued to fall by US$20, as supply increased and demand was weak. In the Chinese market, the spot price of phenol fell by 20 US dollars, and the value of zero anti-dumping duties and 5.5% customs tariffs also fell by 20 US dollars, reflecting the situation of delisting. In September, local cargoes containing 3% to 5% anti-dumping duties and 5.5% import tariffs were quoted at US$1660 to US$1,700 (CFR, China), but the purchase price was at US$1630 (CFR China). In the Chinese domestic market, the prices of Gaoqiao Petrochemical and Yanshan Petrochemical declined by 350 yuan and 300 yuan, respectively, to 13650 yuan (ex-factory price) and 13,600 yuan (ex-factory price). China's domestic imports of cargo, East China prices fell 300 yuan, dropped to 13400 ~ 13500 yuan (store price increase); South China prices fell 200 yuan, down to 13600 ~ 13700 yuan (library price increase).
Due to the recent tight supply, and China's domestic prices are firm. In the Chinese market, September shipments of 1,000 tons of two ships containing 6% to 7% anti-dumping duties and 5.5% import tariffs were sold at a price of US$1095 (CFR, China). The intended price for a 1,000-ton cargo ship is US$1,100 (CFR, China), and price negotiations are ongoing. Chinese domestic manufacturers Gaoqiao Petrochemical and Yanshan Petrochemical prices were stable at 9,450 yuan (ex-factory price) and 9300 yuan (ex-factory price), respectively. China's imports of cargo, the price stability in East China in the 9500 ~ 9600 yuan (the library price increase); South China prices rose 100 to 150 yuan, rose to 9100 ~ 9200 yuan (the library price increase).
A shipment of Chinese Taiwanese cargo was concluded at a price of 1275 U.S. dollars (CFR, China's main port). On August 23, an end user purchased Taiwan cargo delivered at the end of August for US$1280 (CFR, China’s main port). On the 24th and 25th of August, the price of PTA was stable because the business is still on the market. PTA prices fell slightly on August 26 as PTA** fell. An end-user bought a ship from Taiwan’s bonded warehouse for US$1280 (CFR, China’s main port).
In the current period, the spot price of acrylonitrile in Asia for acrylonitrile was stable, and the transaction in August was basically completed. In the Northeast Asian market, Japanese manufacturer Asahi Glass revised downwards its September Far East contract price by US$5 to US$2450 (CFR, Asia). China's spot imports of acrylonitrile are still weak due to sufficient domestic supply. In China, the price of acrylonitrile in the current period fell by 800 to 900 yuan, to 17,000 to 17,200 yuan (the stock price increase).
Acetic acid spot price of Asian acetic acid fell by US$10 to US$20 in the current period, and spot market transactions were in the doldrums. It is expected that as supply tensions ease, prices will decline, and buyers will return to the market. In Northeast Asia, the valuation of acetic acid fell by 10 dollars, and the market lacked transactions. The stock price of Kuti in East China fell by 50 yuan to 3,500 to 3,900 yuan, with a low turnover. Domestic acetic acid prices fell to 3,300 yuan (Kuti) or below will prompt some local manufacturers to lower operating rates to ensure profits.
Vinyl acetate's spot valuation of vinyl acetate in Asia declined steadily during the current period, reflecting the level of price negotiations and sporadic transactions in September. Northeast Asia, the current valuation is stable, trading is scarce. Shipments for September were priced at US$1200 (CFR, Northeast Asia), but delivery quotes were broader to suppress trading. Domestic vinyl acetate prices continue to decline in China, and the price of Kuti transactions in East China fell by 200-300 yuan to 8,600-8,800 yuan.
In the current period, the spot price of phenol in Asia continued to fall by US$20, as supply increased and demand was weak. In the Chinese market, the spot price of phenol fell by 20 US dollars, and the value of zero anti-dumping duties and 5.5% customs tariffs also fell by 20 US dollars, reflecting the situation of delisting. In September, local cargoes containing 3% to 5% anti-dumping duties and 5.5% import tariffs were quoted at US$1660 to US$1,700 (CFR, China), but the purchase price was at US$1630 (CFR China). In the Chinese domestic market, the prices of Gaoqiao Petrochemical and Yanshan Petrochemical declined by 350 yuan and 300 yuan, respectively, to 13650 yuan (ex-factory price) and 13,600 yuan (ex-factory price). China's domestic imports of cargo, East China prices fell 300 yuan, dropped to 13400 ~ 13500 yuan (store price increase); South China prices fell 200 yuan, down to 13600 ~ 13700 yuan (library price increase).
Due to the recent tight supply, and China's domestic prices are firm. In the Chinese market, September shipments of 1,000 tons of two ships containing 6% to 7% anti-dumping duties and 5.5% import tariffs were sold at a price of US$1095 (CFR, China). The intended price for a 1,000-ton cargo ship is US$1,100 (CFR, China), and price negotiations are ongoing. Chinese domestic manufacturers Gaoqiao Petrochemical and Yanshan Petrochemical prices were stable at 9,450 yuan (ex-factory price) and 9300 yuan (ex-factory price), respectively. China's imports of cargo, the price stability in East China in the 9500 ~ 9600 yuan (the library price increase); South China prices rose 100 to 150 yuan, rose to 9100 ~ 9200 yuan (the library price increase).
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