1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the bulk data list of business society, the average price of domestic hips on August 20 was 12200 yuan / ton, down 0.27% from the beginning of the week, 2.66% from the beginning of the month, and 3.17% month on month.
2、 Market analysis
This week, the raw material styrene suffered a weak shock and its support fell, but the market weakened, the support of the cost side was general, coupled with the general demand in the off-season, the cost and demand weakened, the hips market price fell, the benzene market price remained stable, and the PS market was weak. So far, the mainstream price of hips is mostly about 11900-14800 yuan / ton, and the price of benzene is mostly about 10500-10900 yuan / ton, with a slight decline in the market price.
| Bacillus thuringiensis |
In the international crude oil market, on August 19, the international oil price continued to fall. The settlement price of the main contract in the U.S. WTI crude oil futures market was US $63.50/barrel, down US $1.71 or 2.60%, and the settlement price of the main contract in Brent crude oil futures market was US $66.45/barrel, down US $1.78 or 2.59%. Oil prices fell for six consecutive trading days, hitting a low since May. On the one hand, the strength of the US dollar pulled down the oil price valuation, and more importantly, it was the negative impact of the expected cooling of demand, adding to the increase in oil production in oil producing countries and the end of the peak driving season in the United States, aggravating market concerns.
In terms of raw materials, the market price of styrene continued to decline this week. On August 16, East China styrene closed at 8800-8950 yuan / ton. On August 20, it was 8500-8650 yuan / ton, down by 300 yuan / ton. The above is the tank price in Zhangjiagang. On August 16, South China styrene closed at 8950-9000 yuan / ton. On August 20, it was 8600 yuan / ton, down 350 yuan / ton. The delivery price of the above factories. This week, the fundamentals of styrene market changed little, supply increased and demand rebounded, but the overall situation was still weak, and the price trend was guided by crude oil.
3、 Future forecast
The business agency believes that the current cost support force is declining, the demand in the off-season is limited, the enterprise shipment is under pressure, and the fundamentals are weak. It is expected that the hips market will fall steadily in the short term.
| Chitosan oligosaccharide |