**: The market is slightly weaker

[Market Valuation List March 20]

Variety Huadong Ups and Downs South China Ups and Downs North China Ups and Downs** 8150-8250-50/-50 8200-8250-50/-50 8100-8150 0/0

Phenol 11100-11250-50/0 11400-11800 0/0 11300-11350 0/0

[** Market Review]

On Tuesday (March 20), domestic ** market conditions weakened and prices fell slightly. Downstream demand has not improved, buying has been weak, and the holding companies have been under pressure from shipments to increase their shipments at low prices. At present, the price of propylene raw materials in the upstream market is consolidating, and the market support for ** is limited. In addition, the domestic inventory is high, and the business mentality is slightly different. It is expected that the market will maintain a narrow concussion trend in the near future.

North China: Yanshan surrounding ** market negotiations in the 8100-8150 yuan / ton, trading is relatively flat. The recent petrochemical shipments were partially dispatched and the dealers queued to take delivery. The market supply and demand were slightly tight. Downstream is still in need of procurement, and the general mentality.

East China: Ningbo area ** market prices slightly weaker, offer at 8250 yuan / ton. Downstream buying continued to be sluggish and shipments of shipments were generally unsatisfactory. Selling began to loosen. Market prices in the Jiangsu region have weakened, with traders quoting at 8150-8200 yuan/ton. Downstream demand is still sluggish. Traders are under pressure from shipping and shipping at low prices. The current market has 8,100 yuan / ton trading rumors, the firm has not yet been confirmed.

South China: Local ** market prices have slightly weakened and the offer price has reached 8200-8250 yuan/ton. The market in East China weakened, and buying and buying continued to be weak. The merchants' mentality was slightly insufficient, and the market conditions were slightly weaker.

Enterprise production and sales dynamics:

Bluestar Harbin ** factory price in 8210 yuan / ton, the supply of basic maintenance of the local Northeast digestion. Production and sales are relatively stable and there are few stocks. At present, the 120,000 tons/year phenol ketone plant operates smoothly.

Jilin Petrochemical ** factory quoted at 8220 yuan / ton, ** all used for downstream MMA and MIBK production, no market supply, some need external procurement. Its 120,000 tons/year phenol-ketone plant has stable load production.

Yanshan Petrochemical ** factory implementation of 8050 yuan / ton, some large single out. The user kept a steady delivery and the inventory was reduced to around 1,800 tons. At present, the phenolic ketone plant in the east-west area is running at full capacity.

Gaoqiao Petrochemical ** factory implementation of 8250 yuan / ton, the contractual delivery of normal households, inventory of about 1300 tons at a reasonable level. At present, the 200,000-ton/year phenol and 100,000-ton/year phenolic ketone plant in the old district are operating smoothly, and its 60,000-ton/year phenolic ketone plant is scheduled to resume operation at the end of this month.

China Sands Tianjin ** factory implementation of 8050 yuan / ton, the user purchases on-demand, inventory is about 1400 tons more reasonable level. At present, the 350,000 tons/year phenol-ketone unit runs relatively smoothly.

Influencing factors and trend analysis: 1, the outer disk high price support; 2, traders shipping pressure; 3, the lack of downstream demand recovery; expected short-term ** market consolidation.

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