Lead: May 27 morning chemical market showed mixed conditions. Coke 4th round price increase fully implemented. Pure benzene, aniline, vinyl acetate morning tips released. Zibo Chemical Price Index at 843.04 (-0.94%).
I. Coke: 4th Round Hike Fully Implemented
On May 26, Hebei steel mills completed the 4th round coke price increase: wet coke +50 yuan/t, dry coke +55 yuan/t. Post-adjustment: Grade I wet coke (A≤12.5, S≤0.7) at 1,760 yuan/t; Grade I dry coke at 2,140 yuan/t. Cost support expected to sustain further price hike attempts.
Key Chemical Product Morning Tips (May 27)
| Product | Trend | Key Driver |
|---|---|---|
| Pure Benzene | Morning tip | Oil decline pressure |
| Aniline | Morning tip | Supply-demand balanced |
| Vinyl Acetate | Morning tip | Cost side focus |
| Maleic Anhydride | Morning tip | Downstream demand weak |
| Liquid Chlorine | Morning tip | Supply normalization |
II. Zibo Chemical Price Index
Zibo Chemical Price Index (May 26 close): 843.04, down 7.95 points (-0.94%). The decline reflects broad commodity weakness following crude oil correction.
III. Outlook
Chemicals: Mixed market; oil-linked products under pressure from crude decline. Coke supply tight amid steel demand.
PVC: East China SG-5 5,500-5,800 yuan/t, high inventory keeps price under pressure.
