Recently, the central bank’s official website released a financial statistics report for the first three quarters of 2022. China’s M2 in September increased by 12.1% year-on-year, 3.8 percentage points higher than the same period last year; RMB loans increased by 2.47 trillion yuan, an increase of 810.8 billion yuan year-on-year; social financing The scale increase was 3.53 trillion yuan, 624.5 billion yuan more than the same period last year. Overall, the growth rates of M2, social financing scale increase, and new RMB loans all exceeded market expectations.
In the first three quarters of 2022, the cumulative increase in social financing scale was 27.77 trillion yuan, 3.01 trillion yuan more than the same period last year. Among them, RMB loans issued to the real economy increased by 17.89 trillion yuan, an increase of 1.06 trillion yuan year-on-year.
It is worth noting that in the first three quarters of 2022, RMB loans increased by 18.08 trillion yuan, an increase of 1.36 trillion yuan year-on-year; RMB deposits increased by 22.77 trillion yuan, an increase of 6.16 trillion yuan year-on-year. According to the requirements, the extra 18.08 trillion yuan will flow into the production and operation of enterprises and the consumption life of residents.
A new high in 15 years! More than 100 chemicals have increased prices!
The big news that arrived late at night reflects the increasing momentum of domestic economic recovery and allows everyone to see the economic recovery. The pull and benefits in the cold winter have undoubtedly given confidence and hope to the coating chemical industry, which can be seen from the recent rise in chemical products.
Titanium dioxide: leading companies’ prices rose by up to 2,000 yuan/ton
CITIC Titanium announced that the domestic price of CR chloride titanium dioxide rose by 1,000-2,000 yuan/ton, and the overseas price increased by 100-150 US dollars/ton; Tianyuan Group announced that the domestic price of chloride titanium dioxide increased by 800 yuan/ton, and the overseas price increased by 800 yuan/ton. US$100/ton.
The quotation of phthalic anhydride by ortho-phenyl method is 10,450 yuan/ton, the price has reached the high level during the year, which is 1,800 yuan/ton higher than the price in early September, an increase of 20.81%, and an increase of 46.34% from the price at the beginning of the year. At present, the domestic operating rate of phthalic anhydride remains below 50%, the spot supply is very tight, and the price trend continues to rise.
Ortho-xylene: a new high in 15 years
The quoted price of o-xylene is 9,600 yuan/ton, which increased by 600 yuan/ton during the month, or 6.67%, setting a new price high in 15 years. Inventories at major domestic o-xylene ports remain at low levels, and the supply of o-xylene at ports is tightening.
TDI: BASF raises price by RMB 1,000/ton, some factories are closed and will not quote prices
The TDI quotation was 23,700 yuan/ton, which was increased by 5.73% during the month. Shanghai Covestro has raised its opening quotation in October and limited supply. Shanghai BASF’s TDI listing price in October is 24,000 yuan/ton, which is 3,000 yuan/ton higher than that in September. A large factory in North China will pay 24,000 yuan/ton this week, an increase of 2,000 yuan/ton. European TDI factories are operating at low operating rates, while major domestic TDI factories have been operating at full capacity since August, with tight inventories. The stock holders are mainly reluctant to sell, and the quotations have been raised following the factory, and some quotations have not been quoted for the time being.
Acetone: Prices generally rose by 150-200 yuan/ton after the holidays
The current quotation is 6,080 yuan/ton, which is 29.09% higher than the price in early September. After the National Day, the price of acetone increased by 150-200 yuan/ton. The price of acetone of Sinopec East China was raised by 500 yuan/ton, the price of acetone of Sinopec North China was raised by 400 yuan/ton, and the price of Lihua Yiweiyuan was raised by 200 yuan/ton. There is demand for terminal factories to enter the market to replenish supplies, which drives the rapid growth of products.
MDI: Wanhua Chemical raises price by 2,300 yuan/ton
The current quotation is 16,900 yuan/ton, which is 20.71% higher than the price in early September. The listing price of Wanhua Chemical’s polymerized MDI in China is 19,800 yuan/ton, an increase of 2,300 yuan/ton from September; the listing price of pure MDI is 23,000 yuan/ton, an increase of 2,000 yuan/ton from September.
In addition, at the beginning of the fourth quarter, major chemical manufacturers such as Wanhua Chemical, Lihuayi, and Hualu Hengsheng also made large-scale price increases for their products. Wanhua Chemical’s butadiene n-butanol price increased by 900 yuan/ton within the month, and the prices of PVC, propylene, methanol, etc. increased by 100 yuan/ton to 400 yuan/ton; Lihuayi Group’s acetonitrile price increased by 500 yuan for three consecutive days. / ton, n-butanol has been raised by 300 yuan/ton; Hualu Hengsheng has raised trimethylamine (pure product) by 1,000 yuan/ton, oxalic acid has been raised by 500 yuan/ton, and cycloethanol and cycloethane have raised prices for three consecutive days. 500 yuan/ton.
The crazy price increases of major manufacturers have undoubtedly driven up the price of raw materials in the chemical market. According to incomplete statistics from the Paint Purchasing Network, the prices of more than 100 chemical products have increased since the beginning of September alone. BDO, chloroform, etc. have increased by more than 40%. , sulfuric acid, aniline, TDI and other products increased by more than 30%.
The current quotation of BDO is 14,400 yuan/ton, which is 4,400 yuan/ton higher than the price in early September, an increase of 44.00%;
The current quotation of chloroform is 3,975 yuan/ton, which is 1,150 yuan/ton higher than the price in early September, an increase of 40.71%;
The current quotation of aniline is 13,750 yuan/ton, which is 3,400 yuan/ton higher than the price in early September, an increase of 32.85%;
The current quotation of TDI is 23,700 yuan/ton, which is 5,650 yuan/ton higher than the price in early September, an increase of 31.30%;
The current quotation of acetone is 6,080 yuan/ton, which is 1,370 yuan/ton higher than the price in early September, an increase of 29.09%;
Tetrahydrofuran is currently quoted at 18,250 yuan/ton, an increase of 3,425 yuan/ton from the price in early September, an increase of 23.10%;
The current quotation of adipic acid (domestic) is 11,000 yuan/ton, which is 2,000 yuan/ton higher than the price in early September, an increase of 22.22%;
The current quotation of isopropyl alcohol is 7,900 yuan/ton, which is 1,425 yuan/ton higher than the price in early September, an increase of 22.01%;
The current quotation of PBT is 12,800 yuan/ton, which is 2,300 yuan/ton higher than the price in early September, an increase of 21.90%;
The current quotation of phthalic anhydride is 10,450 yuan/ton, which is 1,800 yuan/ton higher than the price in early September, an increase of 20.81%;
The current quotation of MDI is 16,900 yuan/ton, which is 2,900 yuan/ton higher than the price in early September, an increase of 20.71%;
The current quotation of adipic acid is 11,160 yuan/ton, which is higher than the price in early September.��1901.67 yuan/ton, an increase of 20.54%;
The current quotation of phenol is 11,320 yuan/ton, which is 1,900 yuan/ton higher than the price in early September, an increase of 20.17%.
At the same time, the quotation price of lithium carbonate has increased by 25,600 yuan/ton, the quotation price of lithium hydroxide has increased by 23,333.34 yuan/ton, and the quotation price of lithium iron phosphate has increased by 9,000 yuan/ton. Behind the huge price changes are the strong pull of the demand side and the energy crisis. Under this, the huge pull of the new energy track.
The intensification of the energy crisis has also been reflected in the soaring prices of primary and secondary energy. International crude oil has been rising for five consecutive years, natural gas prices have tripled, and coal prices have also risen. What is even more frightening is that more than a dozen countries are in short supply of electricity. Electricity prices have also been increased. The EU region is the first to suffer from the “gas cutoff” and “coal grab” crisis. Not only has people’s lives been affected, but the cost of chemical manufacturing has also increased significantly.
Nowadays, most chemical plants in Europe that use natural gas as raw materials have chosen to reduce production. Chemical giants such as BASF, Covestro, Borealis, and Yara have taken the lead in reducing production or even suspending production. To make matters worse, the EU production capacity of TDI, MDI, propylene oxide, silicone, adipic acid, titanium dioxide, PVC, carbon black and other chemical products accounts for the largest share in the world, which has resulted in Products that should be exported in large quantities cannot be produced and sold normally.
That is to say, on the one hand, the current economic situation is recovering, the country’s favorable policies are frequent, and the demand in downstream automobiles, new energy, infrastructure and other fields is gradually recovering; on the other hand, the energy crisis has caused restrictions on my country’s import of high-end chemicals, and the shortage of raw material supply, and the start of construction Rates remain low, and the imbalance between supply and demand becomes even more severe. High costs and high demand complement each other and will jointly push the prices of some chemicals to a higher level.
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