Asia-Pacific Alcohol Products Quotes
2018-05-24 23:40:39
Due to weak demand and abundant supply of methanol, methanol prices in the Asian market were weak during the period. China's domestic price has dropped to 330 US dollars (ton price, the same below), and the market price in South China is low. Although China's inventory is located at a two-year low, market watchers point out that the increase in local users' supply of coastal users has depressed the import market. Several buyers indicated that they may consider starting the price of 360 US dollars (CFR, China). The intention of selling goods from Indian traders was 370 US dollars (CFR, China) and the transaction was concluded at a price of approximately 360 US dollars (CFR, India). This period is estimated to be 360-370 US dollars (CFR, China), East China cargo trading price of 3,000 to 3,120 yuan (Kuti), South China cargo trading price of 2700 to 2950 yuan (Kuti). In the Korean market, a total of 10,000 tons of cargo in the first half of January was sold at US$385-390 (CFR, South Korea). Other purchase intentions are around 370 US dollars (CFR, South Korea). In the Southeast Asian market, the major ports in Malaysia, Singapore and Thailand are valued at US$370-390 (CFR). The transaction price for a 2,000-ton cargo is 397 US dollars (CFR, Bangkok). There are quotes from India above $390 (CFR, Southeast Asia), however, buying interest is still very cold. An Indonesian manufacturer is quoted at 400-420 U.S. dollars (CFR, Indonesia). In Taiwan, prices fell slightly, and some of the sales intentions were 380 US dollars (CFR, China Taiwan), and the purchase intention price was very weak. Indian manufacturers and distributors have been in a stalemate in price negotiations. The dealer’s bid is US$300 (CFR, India), but the manufacturers insist that they do not sell at a price lower than US$330 (CFR, India). The bargaining level of re-exported goods is 325-330 USD (FOB, India).
Ethylene glycol During the current Asian ethylene glycol (MEG) spot price rose 28 to 35 US dollars to 1053 to 1065 US dollars (CFR, China's main port), reflecting the current bargaining power and transaction price levels. Most of the quotes that appear in the market are those that have arrived or are about to arrive. Vendors are reluctant to sell far-reaching products quickly because the overall prospects for 2011 are optimistic and buyers are actively asking for a price. It is expected that the fundamentals of the ethylene glycol market in 2011 will be more robust as no additional new glycol plant will be put into operation. Due to the increase in pressure on polyester inventories and the limited off-season cash flow at the end of the year, most of the end users left the market. They were in no hurry to purchase goods before the arrival of Chinese Lunar New Year in early February. In the Chinese import market, the Asian semi-ethylene glycol spot market is bullish in the first half of the year, and the purchase intention price rises to 1050 to 1055 U.S. dollars (CFR, the main port of China), and the sporadic price is 1060 to 1065 U.S. dollars (CFR, the main port of China). The transaction price has increased to USD 1055 to 1060 (CFR, China's main port). Most of the buyers leave the market and they are reluctant to raise their prices because of the uncertainties in the market. At the same time, the seller’s offer is stable at US$1060 to 1065 (CFR, China’s main port), and is unwilling to cater to the purchase price of 1050 to 1055 US dollars. A shipment of goods from the Middle East arrived at 1,055 US dollars (CFR, China's main port). A trader claims to sell a shipment that arrived at the end of December at a price of $1060 (CFR, China's main port). Two shipments arriving at the end of December were sold at a price of $1065 (CFR, China's main port). A batch of bonded goods was traded at 1065 US dollars (CFR, China's main port).
Diethylene glycol was supported by speculative buying under overall optimistic outlook in 2011. During the current period, the price of Asian diethylene glycol (DEG) continued to increase by US$15 to US$1260 to US$1280 (CFR, the main port of China). Demand from the downstream unsaturated polyester resin and polyurethane industry remained weak during the off-season at the end of the year. Supplies will increase in the first quarter of next year and additional ocean-going cargo from the Middle East and the United States will arrive. Speculative traders continued to hoard stocks as they are expected to be optimistic. They believe that due to the decrease in supply, the diethylene glycol market fundamentals will be strong next year, but non-traditional demand will increase. In the spot market, the regional cargo and cargo delivery price was US$1260 (CFR, China's main port), and then it rose to US$1,270 to US$1,280. A trader sold a shipment of Northeast Asia cargo at a price of US$1260 (CFR, China's main port), and another trader purchased several bonded cargoes at a price of US$1280 to 1,285 (CFR, China's main port). January shipments from the United States were quoted at US$1,290 (CFR, China's main port), which attracted the interest of some traders. The price of the East China market is 10,000 to 10050 yuan (Kuti), and the transaction is still sluggish. China's port stocks approached 65,000 tons, up from 50,000 tons in the previous period.
Due to the strong demand for octanol, the current price of octanol rose by 5 US dollars (CFR, Southeast Asia) to 1,800 US dollars (CFR, Southeast Asia). A vendor stated that Southeast Asian prices may exceed China's price by 30 US dollars, but there is no transaction to support this price. In the Chinese market, the low price of downstream dioctyl phthalate stabilized the octanol price at the level of $1,795 (CFR, China), and the domestic stable octanol price was also affected by the price of raw material propylene. As market calm buyers lowered their purchase intention prices, supply remained tight. China's domestic prices fell by 200 yuan to 14,300 yuan, or 1,728 US dollars. South Korea's Hanwha Chemical Company quoted a price of 1,850 US dollars (CFR, China) for a group of 1,000 tons of goods, but did not close a deal before the close. Another Korean dioctyl phthalate manufacturer's purchase price is 1750 US dollars (CFR, China).
Due to the lack of support for n-butanol, the price of n-butanol fell by US$10 to US$1625 (CFR, China) in this period, of which Southeast Asian prices fell by US$5 to US$1630 (CFR). Compared with China, the Southeast Asian market performed slightly better. Korean Hanwha Chemical Company quoted a price of 1,650 US dollars (CFR, China) for a group of 1,000 tons of goods and Korea Aekyung Chemical had an intentional purchase price of 1,600 US dollars (CFR, China). China's domestic prices remain stable at 13,200 yuan, or 1601 US dollars.
Ethylene glycol During the current Asian ethylene glycol (MEG) spot price rose 28 to 35 US dollars to 1053 to 1065 US dollars (CFR, China's main port), reflecting the current bargaining power and transaction price levels. Most of the quotes that appear in the market are those that have arrived or are about to arrive. Vendors are reluctant to sell far-reaching products quickly because the overall prospects for 2011 are optimistic and buyers are actively asking for a price. It is expected that the fundamentals of the ethylene glycol market in 2011 will be more robust as no additional new glycol plant will be put into operation. Due to the increase in pressure on polyester inventories and the limited off-season cash flow at the end of the year, most of the end users left the market. They were in no hurry to purchase goods before the arrival of Chinese Lunar New Year in early February. In the Chinese import market, the Asian semi-ethylene glycol spot market is bullish in the first half of the year, and the purchase intention price rises to 1050 to 1055 U.S. dollars (CFR, the main port of China), and the sporadic price is 1060 to 1065 U.S. dollars (CFR, the main port of China). The transaction price has increased to USD 1055 to 1060 (CFR, China's main port). Most of the buyers leave the market and they are reluctant to raise their prices because of the uncertainties in the market. At the same time, the seller’s offer is stable at US$1060 to 1065 (CFR, China’s main port), and is unwilling to cater to the purchase price of 1050 to 1055 US dollars. A shipment of goods from the Middle East arrived at 1,055 US dollars (CFR, China's main port). A trader claims to sell a shipment that arrived at the end of December at a price of $1060 (CFR, China's main port). Two shipments arriving at the end of December were sold at a price of $1065 (CFR, China's main port). A batch of bonded goods was traded at 1065 US dollars (CFR, China's main port).
Diethylene glycol was supported by speculative buying under overall optimistic outlook in 2011. During the current period, the price of Asian diethylene glycol (DEG) continued to increase by US$15 to US$1260 to US$1280 (CFR, the main port of China). Demand from the downstream unsaturated polyester resin and polyurethane industry remained weak during the off-season at the end of the year. Supplies will increase in the first quarter of next year and additional ocean-going cargo from the Middle East and the United States will arrive. Speculative traders continued to hoard stocks as they are expected to be optimistic. They believe that due to the decrease in supply, the diethylene glycol market fundamentals will be strong next year, but non-traditional demand will increase. In the spot market, the regional cargo and cargo delivery price was US$1260 (CFR, China's main port), and then it rose to US$1,270 to US$1,280. A trader sold a shipment of Northeast Asia cargo at a price of US$1260 (CFR, China's main port), and another trader purchased several bonded cargoes at a price of US$1280 to 1,285 (CFR, China's main port). January shipments from the United States were quoted at US$1,290 (CFR, China's main port), which attracted the interest of some traders. The price of the East China market is 10,000 to 10050 yuan (Kuti), and the transaction is still sluggish. China's port stocks approached 65,000 tons, up from 50,000 tons in the previous period.
Due to the strong demand for octanol, the current price of octanol rose by 5 US dollars (CFR, Southeast Asia) to 1,800 US dollars (CFR, Southeast Asia). A vendor stated that Southeast Asian prices may exceed China's price by 30 US dollars, but there is no transaction to support this price. In the Chinese market, the low price of downstream dioctyl phthalate stabilized the octanol price at the level of $1,795 (CFR, China), and the domestic stable octanol price was also affected by the price of raw material propylene. As market calm buyers lowered their purchase intention prices, supply remained tight. China's domestic prices fell by 200 yuan to 14,300 yuan, or 1,728 US dollars. South Korea's Hanwha Chemical Company quoted a price of 1,850 US dollars (CFR, China) for a group of 1,000 tons of goods, but did not close a deal before the close. Another Korean dioctyl phthalate manufacturer's purchase price is 1750 US dollars (CFR, China).
Due to the lack of support for n-butanol, the price of n-butanol fell by US$10 to US$1625 (CFR, China) in this period, of which Southeast Asian prices fell by US$5 to US$1630 (CFR). Compared with China, the Southeast Asian market performed slightly better. Korean Hanwha Chemical Company quoted a price of 1,650 US dollars (CFR, China) for a group of 1,000 tons of goods and Korea Aekyung Chemical had an intentional purchase price of 1,600 US dollars (CFR, China). China's domestic prices remain stable at 13,200 yuan, or 1601 US dollars.