Download Weekly Report of IIR Market

Survey
yes no Was this document useful for you?
   Thank you for your participation!

* Your assessment is very important for improving the work of artificial intelligence, which forms the content of this project

Transcript
Weekly Report of IIR Market
I、
IIR Plants:
This week, IIR units operated normally with low production rate for top
grade IIR in Yanshan PC and Sinopec Beijing Sales Branch had steadied IIR
(1751) price. Sales were thin amid normal inventory in the factory recently.
Market Reference Prices
PCs
Unit: Yuan/mt
Spec.
Ex-works Price
Change
Note
Eligible 1751
57,600
----
Normal operation
Yanshan PC Top-grade 1751
57,300
----
Normal operation
II、IIR CIF CMP Trend:
Russian general IIR (1675N) was quoted around $ 7,300/mt, CIF CMP for
prompt shipment; CIF S. E. Asia quotation was a bit higher around $ 7,500/mt amid
thin trades in domestic markets. Bromized IIR (232) was around $ 12,000/mt, CIF
CMP; chloridized IIR (139) capped at $ 10,800-11,000/mt, CIF CMP. Sources said
that, there will be lot of Russian HIIR cargos arriving in Chinese ports during H2 July
and Aug.
Russian T plant is being in maintenance.
II、
IIR Markets:
Domestic general IIR markets were plain for the moment. Both Yanshan PC IIR
(1751) and Russian IIR (1675N) were in abundant supply, leading to prices falling.
However, the price inversion between RMB offer and USD quotations still exists; the
market prices could be flat. The offers for JSR IIR (268), LANXESS IIR (301) and
EXXON IIR (268) stayed at high level stably amid tight supply.
Domestic HIIR markets were in tight supply and quotations were tentatively
reached new level. HIIR markets were seen bullish; however, the high price restrained
demand and trades. Sources said that, there will be lot of Russian HIIR cargos
arriving in Chinese ports during H2 July and Aug, and supply will expand then.
N-China Markets:
This week, supply of Yanshan PC IIR (1751) and Russian IIR (1675N) was
abundant. Transactions of Yanshan PC IIR (1751) and Russian IIR (1675N) were
ordinary due to weak demand. Supply for JSR IIR (268), EXXON IIR (268) and
LANXESS IIR (301) was not abundant and market prices stayed at high level.
Market Reference Prices
Unit: Yuan/mt
Spec.
Market Prices
Remark
Yanshan PC eligible IIR 1751
Around 58,500
Few goods on top grade
Russian IIR 1675N
58,000-58,500
Lower offers for trades
EXXON Chloridized IIR 1066
110,000
Lacking resource
EXXON Chloridized IIR 1068
110,000
Lacking resource
JSR IIR 268
73,000
Tight supply
Bayer IIR 301
74,000
Tight supply
Russian bromized IIR 232
100,000-102,000
Tight supply; lower
offers for trades
Yanshan Region:
Yanshan PC IIR (1751) market was unmoved with offer around Yuan
58,000/mt in surrounding areas of Yanshan. Top grade products were limited and
most goods were eligible ones in local markets with few quotations heard below
Yuan 58,000/mt.
Market Reference Prices
Unit: Yuan/mt
Spec.
Market Prices
Remark
Eligible 1751 in Yanshan PC
58,000
Common sales
Top-grade 1751 in Yanshan PC
58,000-58,500
Lacking resource
E-China Market:
This week, market prices for general IIR (1675N) remained unmoved and
few cargos were dealt around Yuan 57,500-57,700/mt; IIR (268 & 301) mainly
fluctuated at high level amid tight supply. HIIR resource was lacking and prices
reached to new high tentatively, however, trades were limited in domestic
markets.
Market Reference Prices
Unit: Yuan/mt
Spec.
Market Prices
Remark
Top-grade 1751 in Yanshan
----
----
PC
Russian BK-1675N
58,000-58,500
Few lower at 57,500
JSR IIR 268
Around 73,000
----
LANXESS IIR (301)
73,000-74,000
----
Russian IIR (CBK-139)
97,000-98,000
Lower price for trades
EXXON IIR (1068)
Around 110,000
Lower price for trades
Russian IIR (BBK-232)
100,000-102,000
Lower price for trades
LANXESS IIR (2030)
Around 110,000
-----
S-China Market
IIR market went inactively in S-China. General IIR price mainly steadied
amid ordinary demand from downstream; HIIR market kept uptrend amid tight
supply. Inner players held cautious and bullish sentiment to the following
market.
Market Reference Prices
Unit: Yuan/mt
Spec.
Market Prices
EXXON IIR (1066)
----
EXXON IIR (1068)
----
Lacking supply
EXXON IIR (2211)
----
Lacking supply
EXXON IIR (2244)
----
Lacking supply
JSR IIR (268)
72,000-74,000
LANXESS IIR (301)
73,000-75,000
VI、IIR Market Summary and Forecast:
Remark
Crude oil price broke $ 140/barrel which supported IIR market. Due to different
supply and demand, there was far price distance between general IIR and HIIR.
Demand for General IIR was weak due to high cost pressure, partial small or
mid downstream plants stop production or in semi-stop. Inner players estimated that,
IIR market would be in dull consolidation under the support of USD market and crude
oil.
As there is no capacity for HIIR in China, HIIR market continued climbing amid
lacking resource, though the high price restrained demand and trades. Domestic
demand of HIIR kept uptrend; supply falls short of demand; CIF CMP offers stayed at
high level, all above factors brought motivation for HIIR ahead.
Document related concepts
no text concepts found