Domestic industrial naphthalene market runs low

Last week, the domestic industrial naphthalene market was operating at a low level. Prices in all regions had different degrees of decline. Manufacturers continued to lower the industrial naphthalene ex-factory price, and the downstream enthusiasm for receiving goods was not high, and market transactions remained weak. The raw material coal tar market is operating at a low level, and prices in certain regions have dropped by 50 to 100 yuan (t price, the same below). However, due to the increase in freight rates, the pressure on the cost of raw materials to the plant did not slow down.

At present, the mainstream price in Shanxi is between 7900 and 8,000 yuan. Manufacturers report that due to limited transportation load, raw material purchases and shipments are slightly sluggish; mainstream transactions in Hebei are around 8,000 yuan, and downstream demand is relatively stable, and manufacturers' inventory is normal. The mainstream price in Shandong region is between 8350 and 8400 yuan. The market sales are relatively stable. The pressure on the manufacturers' inventory is not large and the market is not volatile. The mainstream transaction price in other regions in East China is 8300 to 8400 yuan, and the market transaction is relatively stable; the northeast region is transported and In terms of climate impact, the market transactions are general, and the mainstream price is 7900-8000 yuan. Manufacturers have certain stocks.

With the approaching Spring Festival, local construction projects have been suspended in succession. Domestic market demand for water-reducing agents has also gradually shrunk. Downstream refined naphthalene, 2-naphthol and other markets are therefore in a low-level consolidation phase. Industrial naphthalene is basically unsupportive, and the outlook is still not optimistic. It is more likely to continue to decline.

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