The Israeli-Palestinian conflict escalated, the Russian-Ukrainian conflict continued, the global energy market fluctuated continuously, and related chemical raw materials were also affected.

"Silver ten" up less down more to the chemical market to bring pessimism, just as the market believes that the 2023 silver ten will end with a "tragedy", a number of domestic factories tacit understanding to carry out major maintenance, overseas a number of crazy price increase letter, boost market confidence.

Does this move have the ability to turn the tide? And look at the following analysis!

Tacit understanding overhaul! Large factories or production reduction of 10,000 tons?

Since October, the chemical market has fallen sharply, and companies have also carried out maintenance plans. On the one hand, they are investigating their own hidden dangers, and on the other hand, they are reducing production and stabilizing the market.

According to public information, there are currently involved.ABS, methanol, TDI, etc.Multiple industrial chains,It is about more than 13 million tons of production capacity. Some giants such as Cangzhou Dahua will reduce their production capacity by 10,000 tons in total for parking and maintenance. The combined impact is said to be a reduction in monthly 0.15 billion.

Overhaul:

TDI：

On October 10,Wanhua FujianThe maintenance plan of the unit is kept, and the maintenance is expected to last for 15 days;

On October 12,Mitsui, JapanDevice failure shutdown, expected to last 20 days.

On October 13,South Korea HanwhaStart the overhaul, which is expected to take about 25 days;

On November 17,South Korea BASFPlanning to start maintenance, is expected to be about 25 days.

On October 20,Cangzhou DahuaMaintenance start, about 15 days;

On October 30,Covestro ShanghaiThe maintenance plan of the unit shall be kept for about 40-60 days.

Price increase letter! Raw materials rose by 5500 yuan/ton in a month!

Overhaul news continued, the giant issued a series of price increase letters to boost the market. The price range includes polystyrene, ABS resin, PP, PA6, PA66 and other popular chemical raw materials.

▶Trinseo and its European subsidiaries:

Increase from October 1.Polystyrene (PS), ABS and SANGrade product prices, with the following increases:

STYRON和STYRON X-TECH通用Polystyrene grade (GPPS) rose 80 euros per metric ton (about 617 yuan/ton);

STYRON和STYRON A-TECH、STYRON C-TECH和STYRON X-TECH高抗冲Polystyrene grade (HIPS) rose 80 euros per metric ton (about 617 yuan/ton);

MAGNUMABS resin rose 90 euros per metric ton (about 694 yuan/ton);

TYRILSAN resin rose 90 euros per metric ton (about 694 yuan/ton).

▶Japan DENKA

On October 16, Japan's DENKA Co., Ltd. issued a notice stating that it was affected by the continuous increase in the price of domestic naphtha and the prices of various raw materials,Since November 1, the prices of ABS resin, transparent resin and other products have been raised to more than 20 yuan/kg (about 978 yuan/ton).

▶Preman HDPE LLDPE

On October 16, Japan's Priman Co., Ltd. issued a price increase notice,From November 1, the prices of HDPE, LLDPE and PP products will be raised by more than 10 yuan/ton (about 489 yuan/ton).

▶Celanese

On October 16, Celanese, the world's leading chemical company, issued a price increase notice for PA6 and PA66, of which the specific increase in the Asia-Pacific region is as follows:PA6 rose 300 USD/ton (about 2193 yuan/ton);PA66 rose 200 USD/ton (about 1462 yuan/ton).

▶Aoshende

On October 20, the world's largest nylon 66 integrated manufacturer, Aoend, announced that due to the substantial increase in input costs, it will conduct a new round of global price increases for its polyamide polymers, compounds and monomers as permitted by the contract. The new price will take effect on November 1. This is the third increase in the price of nylon 66 after September 20 and October 6. After three rounds of price increases, pureThe price of nylon 66 polymer has risen by about 5500 yuan/ton.

Multi-party boost, the market is still difficult to pick up?

Silver ten's "tragic end" to the industry's lack of confidence, the industry's bearish sentiment is strong. Now the price increase letter has been sent to November, with an increase in maintenance and a regular start of autumn and winter pollution prevention and control inspections to provide the market with rising additives. However, due to insufficient downstream demand and the influence of international crude oil factors, market transactions are relatively conservative. It is expected that with the further escalation of the situation in Israel, Palestine, Russia and Ukraine, the energy sector will continue to rise. The recent sharp rise in natural gas indicates that the energy sector will most likely fluctuate greatly due to the war in the future. However, the impact of the war will also lead to limited terminal demand and limited increase in raw materials.

Source: Guanghua Trading, Official Announcement, Today's Plastic Price, Global Plastics, etc.