Rubber Chemicals Market Weekly Of Last Week
Last week, the price of pure benzene rose by $43 per ton, while the price of aniline increased by $28 per ton. Cyclohexylamine experienced a decline of $70 per ton, while MIBK (Methyl Isobutyl Ketone) remained stable. Acetone saw a price increase of $35 per ton, while other auxiliary raw materials remained relatively stable.
The overall demand for accelerators continued to be sluggish. However, supported by the rebound in prices of raw materials such as aniline, the prices remained relatively stable last week. Currently, China's tire exports are doing well, with a consistently high operating rate. However, the accelerators have been hovering around the cost line in recent times, with no room for decline. Some downstream customers are gradually building inventories, but panic buying has not occurred. There is a possibility of continued upward movement in the prices of raw material aniline in the near future, and it is expected that the costs of accelerators will slightly increase in the short term under the influence of raw materials.
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Antioxidant prices declined last week due to weak demand and intense competition. Currently, the market for antioxidants 6PPD and IPPD remains weak, with strong downstream wait-and-see sentiment and mainly procuring on demand. The price of antioxidant RD maintained the cost price, but last week, due to the impact of the aniline price increase, some end customers and traders showed a willingness to increase their inventories, resulting in a slight increase in local RD demand. It is expected that the price of RD will increase next week, and the price trends of 6PPD and IPPD may also experience a reversal under the influence of the market atmosphere.
The supply of insoluble sulfur remains sufficient, and prices remain stable. Zinc oxide and stearic acid prices have slightly increased, while the prices of silane coupling agents and anti-scorching agents continue to experience a slight decline.