Chemical Business Focus: アクリル酸とアクリレート類 - 月刊レポート
Chemical Business Focus: Acrylic Acid & Acrylates
|発行||Tecnon OrbiChem Ltd||商品コード||422206|
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|Chemical Business Focus: アクリル酸とアクリレート類 - 月刊レポート Chemical Business Focus: Acrylic Acid & Acrylates|
|出版日: 年12回 年間契約型情報サービス||ページ情報: 英文||
A MONTHLY ROUNDUP AND ANALYSIS OF THE KEY FACTORS SHAPING WORLD CHEMICAL MARKETS
In the US, spot prices for polymer grade propylene for February softened. February's monthly contract settled at 53 c/lb for polymer grade propylene and 51.5 c/lb for CGP, a 6 c/lb decrease from January. March's contract may soften again. The European propylene market was fairly balanced in early March as most buyers were covered for upcoming shutdowns. The European contract price for March was settled at €917/ton, down €23/ton on the February level. Prices in the Asian propylene market were decreasing in February. The average price on 26 February was $1090/ton cfr China and $1035/ton fob South Korea.
In the US, all major producers announced price increases for February ranging from 7-8c/lb. No announcements have been made for March and with propylene prices settling down in February, some market participants are expecting buyers may push for a decrease. In West Europe, market participants said that is unlikely the turnarounds will have a substantial impact until the spring period when demand in coating applications improves. In China, import prices rose slightly to $900-920/ ton cfr, in line with flattening domestic market and tight regional supply.
In the US, producers had announced price increases for February. These were relatively successful; some consumers were able to postpone January increases but then have been hit with a bigger increase in February, while for some the hike was split over the two months. In West Europe, producers have also been trying to raise spot prices, with increases of up €50/ton being reported. In China, import prices have moved up to $1080-1100/ton cfr in line with firmer propylene and crude oil prices.
In general, the North American market is much calmer in March, with supply returning to more normal position, and the upward pressure from feedstock increases now over. Availability has largely kept pace with demand. In March, contract prices for acrylic acid and acrylates are expected to decrease in line with the feedstock price movements. In general, the European market remains fairly stable. There has not yet been a noticeable increase in volume this month, although a gradual improvement in sales has been reported. The Chinese market started to firm after the Chinese New Year holiday. Demand picked up quickly as downstream buyers did not stock up prior to the holiday and therefore their inventories were low. Customers in Asia were beginning to accept price increases as they saw the uptrend in the Chinese market. As a result, most market players reported an increase of $20-30/ton this month on the spot BA price in Asia.
In North America, MMA market conditions remain stable in March. Supply is described as tight, and this reflects the globally tight market conditions. There have been a number of price increase announcements for March at 4c/lb. The European market is tighter again in early March. This is due to a planned turnaround at Lucite's Cassel UK MMA plant which was preceded by a series of issues which forced the producer to reduce output from the unit. The Asian market was firmer in early March amid tight supply and good demand. The market was getting more active, as buyers returned from the Chinese New Year break. Spot prices in Asia stood at $2500-2630/ton cfr Southeast Asia, up by $30-40/ton.