Coatings industry slumps in September

Recently, PetroChina and Sinopec issued the official documents for the two major oil groups. PetroChina's ex-factory price for naphtha in September was adjusted from current 6361 yuan/ton to 6,322 yuan/ton, down by 39 yuan/ton. In September, the ex-factory price of naphtha for Sinopec will be reduced by 150 yuan, which is from 7240 yuan/ton in August to 7,090 yuan/ton in August. Affected by the collective reduction of the two giants, the solvent market in September may show a steady decline.

Since 200# solvent oil is mainly used as solvent for industrial paints and thinners, the price of 200# solvent oil from Yangzhou Petrochemicals has dropped by RMB 100 to RMB 9,000 per ton recently, and the actual transaction has dropped to RMB 8800. /Ton. It is understood that due to the declining trend in the coatings market in July and August, the paint manufacturers further reduced some of their output. In addition, in order to reduce costs, some paint manufacturers began to replace the use of 200# solvent oil at a lower price. These reasons caused the shipment of 200# solvent oil was not prosperous and the quotation went down.

Judging from the quotations in key areas on August 31, the transaction prices of mainstream suppliers in North China are mainly concentrated at around RMB 8,750-8,900/ton, while the mainstream prices in East China are at RMB 8,800-9,000/ton, and the mainstream shipping prices along the Yangtze River are at 9,000. Yuan/ton.

The industry predicts that although the Sinopec naphtha price cut will have little effect on the 200# solvent oil price, if the weak end-user demand in the solvent oil market does not change, it is estimated that the price volatility in September will not be large, and will maintain a steady downward trend. .