Entering July, the price of aromatic solvents such as xylene strengthened, and with the decline of olefin solvents such as butyl acetate, the price of xylene was higher than the price of butyl acetate. This market continued until August, and the special market of inversion has attracted the attention of downstream coatings, inks, electronics and other industries. The solvent replacement method of replacing xylene with butyl acetate has been adopted, and the cost of raw materials has been stable.
In the first half of 2022, international crude oil prices fluctuated at a high level. The aromatics industry chain products fluctuated at a high level under the influence of crude oil, cost and supply and demand. There were two significant increases in the year. The domestic xylene market experienced an energy cost-driven increase in the first quarter, and the price fell in the second quarter due to the impact of the epidemic. Later, with the high international external price, the domestic price rose. In the first half of 2022, the price of xylene continued to switch between the cost logic and the supply and demand logic. Although the demand in the oil field was affected by the epidemic, the overall performance was unsatisfactory. In the first half of the year, the maintenance was relatively concentrated, the supply side was tight as a whole, and the international crude oil continued to strengthen. The price of xylene and other aromatics products continued to chase up. The strong follow-up of domestic demand in the PX As of now, the mainstream market price of xylene in China is 8250-8350 yuan/ton, an increase of 35.8% from the beginning of the year.
In 2022, the domestic price of acetic acid fell all the way, and it has fallen to a new low in the year. At present, the mainstream price in the East China market has dropped to 3250-3400 yuan/ton. In the first half of the year, the Qinzhou Huayi Phase II 700,000-ton acetic acid plant was put into operation, and the market supply increased. The demand side was unsatisfactory, and the contradiction between supply and demand was sharp. Although foreign devices failed unexpectedly in stages, due to the general demand of the main demand country, the export decreased month-on-month. The supply side of acetic acid was sufficient, and the demand side was generally weak. The domestic acetic acid market continued to be weak and volatile.
Domestic butyl acetate prices have also followed the decline in acetic acid, but since June, domestic butyl acetate prices have fallen significantly, raw material n-butanol and acetic acid prices have declined, and butyl acetate prices have followed suit. At present, the mainstream price in the East China market has dropped to 7070-7400 yuan/ton, and the price is 1000-1200 yuan/ton lower than xylene. The downstream paint industry is relatively sluggish, and the price of butyl acetate has shown obvious advantages compared with xylene. Some downstream paint manufacturers have turned to purchase relatively low-priced butyl acetate and even secondary butyl acetate.
In the second half of 2022, international crude oil prices are subject to downside risks, which weakens the cost support for aromatic hydrocarbon products. It is expected that a number of new plants will be put into operation one after another in the second half of the year. The market supply is expected to increase significantly. With the weakening of foreign demand for aromatic hydrocarbon products, the external production of PX field may be flat, and the downstream demand support of the two main forces is insufficient. The domestic demand side is still concentrated in paints and coatings, blended gasoline and diesel, pesticides, plasticizers, heat transfer oil, etc. The demand side may maintain a light and stable situation, and it is difficult to fluctuate greatly. Overall, under the influence of insufficient support from crude oil and macro factors, the superimposed supply and demand are generally weak. It is expected that the price of x
| Parameter name | Parameter value |
|---|---|
| Appearance | Describe appearance features |
| aroma | Describe aroma characteristics |
