1、 Price trend

This week, the comprehensive price of hydrochloric acid in North China is temporarily stable, with an offer of 350.00 yuan / ton. Overall, the market of hydrochloric acid remained stable this week, with the commodity index of hydrochloric acid on July 10 at 92.11.

2、 Market analysis

From the manufacturer’s quotation, this week’s hydrochloric acid Market manufacturer’s quotation is stable temporarily, the overall market is general. The quotation of Taiyuan kunshengda hydrochloric acid is 480 yuan / T, which is temporarily stable; Dezhou Shihua hydrochloric acid is 300 yuan / T, which is temporarily stable; Wenshui synthetic hydrochloric acid is 260 yuan / T at weekend, which is temporarily stable compared with the beginning of the week; Jinan Yuanfei hydrochloric acid is quoted at 450 yuan / T at weekend, which is temporarily stable compared with the beginning of the week; Dezhou Meihua hydrochloric acid is quoted at 210 yuan / T at weekend, which is temporarily stable compared with the beginning of the week.

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market is generally in general, which gives weak support to hydrochloric acid, while the low-level consolidation of the downstream silica market has a negative impact on hydrochloric acid, while the high-level consolidation of ammonium chloride Market in the downstream of hydrochloric acid has a certain support for the price of hydrochloric acid. This week, the overall hydrochloric acid market seems to have fallen slightly, and the difficulty of hydrochloric acid delivery is still a major problem.

3、 Future forecast

The recent market of upstream liquid chlorine is general, while the downstream silica and ammonium chloride are mainly purchased on demand. Business agency analysts believe that hydrochloric acid recent low consolidation.

1、 Price trend:

According to the monitoring data of the business agency, the price of caustic soda was mainly weak this week. At the beginning of the week, the average price in Shandong market was about 515 yuan / ton, while at the end of the week, the average price in Shandong market was 512.5 yuan / ton, with the price falling by 0.49% and 26.26% compared with the same period last year. The commodity index of caustic soda on July 9 was 73.74, which was the same as yesterday, decreased by 64.35% from the highest point 206.87 in the cycle (November 14, 2017), and increased by 9.03% from the lowest point of 67.63 on May 10, 2020. (Note: period refers to 2011-09-01 to now)

2、 Market analysis

The price of domestic liquid caustic soda is basically stable, the awareness of upstream price is strong, and the downstream demand is weak. It is expected that the price of caustic soda in Shandong will be stable in the later stage, and the price will be weak. At present, the price of 32% ion-exchange membrane caustic soda is 490-550 yuan / ton in Shandong market, 1400-1450 yuan / ton in Inner Mongolia market, and 600-630 yuan / ton in Zhejiang market. There are not many flake caustic soda in stock, and it is said that northwest manufacturers have strong willingness to raise prices. At present, the market quotation of Northwest just needs to be stable. The price of flake caustic soda is 1750-1850 yuan / ton in Inner Mongolia market, 2050-2100 yuan / ton in East China market, and 2200-2250 yuan / ton in Guangdong market. This week, the supply of caustic soda is limited, and the production reduction devices are mainly in Shandong Province, but the market supply is still sufficient.

This week, the domestic liquid chlorine market rose and fell, but the overall following behavior was dominant. At the beginning of the week, Shandong market was affected by the early high price, the market price decreased narrowly, the market trading atmosphere became weak, and the manufacturers’ inventory gradually increased. During the week, with the equipment load of Dongying manufacturers in the middle and East decreased, the overall supply of goods decreased, the regional inventory was digested, and the market turned to be stable. But at present, the market transaction situation is still not optimistic.

Demand: in recent years, the price of aluminum fluctuates more strongly, and the enthusiasm of electrolytic aluminum enterprises to increase and resume production is high. With the release of electrolytic aluminum production capacity, the demand for raw materials in the later stage shows an increasing trend. However, some alumina plants are still in the state of reduction and shutdown, and the enterprises have strong willingness to stand up for sale. In the low season of caustic soda demand and the expectation of future maintenance, the domestic caustic soda market is mainly in shock and deadlock.

According to the price monitoring of business agency, in the 26th week (6.29-7.3) of 2020, there are 0 kinds of commodities rising and 2 kinds of falling commodities in the price rising and falling list of chlor alkali industry, and there are 3 kinds of commodities that rise or fall to 0. The main commodities that fell were calcium carbide (- 4.26%) and PVC (- 0.48%). This week, the average rise and fall was – 0.95%.

Business agency analysts believe that: equipment maintenance of some chlor alkali enterprises supports the market, but the overall supply of goods in the market is still sufficient. In addition, the downstream is in the low-season of high-temperature demand, most of the caustic soda enterprises still have pressure to ship. It is expected that the market price of caustic soda will continue to be stable in the short term.

The commodity index of polyaluminum chloride on June 29 was 95.27, which was the same as yesterday, setting a new historical low in the cycle, down 12.60% from the peak of 109.01 on August 28, 2019. (Note: cycle refers to the period from April 1, 2019 to now)

According to the data, the overall price of polyaluminum chloride in June 2020 was stable and slightly decreased. The domestic mainstream quotation changed little and the market was relatively light. For polyaluminum chloride with solid content ≥ 28%, the mainstream quotation was about 1775 yuan / ton on the 1st of this month, and 1762.5 yuan / ton on the 30th, with a slight drop of 0.7%. At present, the price range of polyaluminium chloride monitored by the trade organization is generally quoted: liquid: industrial grade, content 10%-12%) quoted price is 410 yuan / ton; solid: industrial grade, content 20-21% quoted price 850-860 yuan / ton, content 24% quoted price 1220 yuan / ton, content 28% price 1500-1550 yuan / ton, content is more than 30%, price 1550-1600 yuan / ton, plate and frame type: 28% yuan, price 1500-1550 yuan / ton; spray type: content is more than 30%. The quotation is 1800-1850 yuan / ton; drinking water level: 1700 yuan / ton if the content is more than or equal to 28%; food grade: about 2800 yuan / ton if the content is 30%. In June, the prices of various specifications of polyaluminum chloride did not change much, some manufacturers made minor adjustments, and the demand and transaction atmosphere were generally stable, weaker than last year.

The data shows that among the upstream products of polyaluminum chloride, the mainstream ex factory price of hydrochloric acid in North China fluctuated in June and rose slightly at the end of the month. On June 1, 333 yuan / ton was quoted, and on the 30th, 312 yuan / ton was quoted, with a reduction rate of 5.30%. The actual transaction price of manufacturers is subject to negotiation. From the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market is general, the downstream purchasing enthusiasm is normal, and the support for hydrochloric acid is weak. The price of the downstream silica market rose slightly at the end of the month, which had a positive impact on hydrochloric acid, while the market of ammonium chloride in the downstream of hydrochloric acid first fell and then rose, but the increase was limited, which brought some support to the price of hydrochloric acid. The overall market of hydrochloric acid in this month seems to rise first and then fall. The price rises slightly at the beginning of the month. The price drops slightly in the middle of the month, with a small increase at the end of the month. The overall decrease is about 20 yuan / ton. At present, it is still a big problem to ship hydrochloric acid. Downstream: according to the manufacturer, the market of polyaluminum chloride will not improve greatly in 2020. The current market is general, and the future market is expected to maintain the status quo. There is no luxury in the big market.

As far as the whole industry is concerned, from 2020 to now, during the Spring Festival holiday to February 20, relevant enterprises in the main production areas have stopped production and delayed to resume work; after February 20, manufacturers in main production areas have successively resumed their work and production; in March, logistics has gradually recovered, and transportation costs have returned to normal; in April, the overall production is normal, some enterprises still have high inventory due to difficulties in delivery, and the output is affected; in May, polyaluminum chloride (PACl) has entered The overall demand has not recovered, the market situation is poor, the shipment is general, and the transaction continues to be weak; in June, the raw materials changed little, and the natural gas used for drying rebounded by about 1% from the bottom this month, and then turned down, with a slight drop of about 0.25% this month, which has little impact on the market. The downstream demand of polyaluminum chloride is still weak, which is the current industrial environment of water treatment. The overall situation in the first half of the year has not changed much, and the overall environment is poor, so the market of polyaluminum chloride is inevitably weak.

With regard to the future market, the business agency analyzed that the overall light of the water treatment industry in June and the general industrial environment determined that the trend of individual commodities such as polyaluminum chloride would not improve much. This month, the price of raw materials in the upstream of polyaluminum chloride decreased slightly, and the downstream demand atmosphere did not change. The price changes of some manufacturers were only flexible adjustment in the factory, with a small range. The manufacturers said that the situation of difficult business this year will continue. For the future market, maintaining stability and occasionally fine-tuning will still be the main keynote.

The price of domestic anhydrous hydrofluoric acid rose in June. As of the end of the month, the market price of hydrofluoric acid was 8920 yuan / ton, which was 3.36% higher than that of 8630 yuan / ton at the beginning of the month, with a year-on-year decrease of 25.91%.

Recently, the domestic hydrofluoric acid price has risen slightly. Up to now, the mainstream price of hydrofluoric acid in various regions of China is 8500-9000 yuan / ton. The domestic demand for hydrofluoric acid has increased. The favorable factors for the high price of hydrofluoric acid include the following aspects:

First, the market price of hydrofluoric acid raw material fluorite rose. By the end of the month, the domestic price of fluorite was 2800 yuan / ton, up 5.22% in June. In June, the domestic spot supply of fluorite was normal, and some of the merchants with low prices could not come out. The market reflected that the spot supply of fluorite was slightly tight, and the price of fluorite increased slightly. By the end of the month, the mainstream of domestic fluorite negotiation was 2650-2850 yuan / ton. The rising price of fluorite in the market was a good support for hydrofluoric acid market, and the domestic hydrofluoric acid market price rose.

Second, the domestic market of refrigerants recovered in June. On the one hand, domestic demand improved. Although the start-up of the refrigerant industry did not increase significantly, the demand for hydrofluoric acid market increased, and the domestic hydrofluoric acid market price went up. On the other hand, the economy of Europe and the United States recovered, the export of refrigerants improved compared with the previous period, and some prices of domestic refrigerant industry rose. As of the end of the month, the domestic R22 product price was 16000 yuan / ton, with an increase of 7.87% in June. The rise of refrigerant price is another good thing for hydrofluoric acid market. In recent years, the sales situation of the automobile industry has improved, the market price of refrigerant downstream of the terminal has increased, the foreign economy has gradually recovered, and the export of refrigerant terminal has improved. In addition, the sales and after-sales maintenance of the domestic air-conditioning industry have increased compared with before, so the domestic and foreign demand has increased. The price of refrigerants went up, and the market price of hydrofluoric acid went up due to the support from the downstream.

Third, the domestic hydrofluoric acid spot supply is normal, the hydrofluoric acid plant is running stably, and the hydrofluoric acid market price has risen slightly. So far, the mainstream hydrofluoric acid negotiation in the southern region is 8500-9000 yuan / ton, and the hydrofluoric acid price in the northern market is 8000-9000 yuan / ton. In recent years, the domestic hydrofluoric acid market price trend has risen slightly, some manufacturers reflect that hydrofluoric acid exists in the cracks, and some manufacturers still have losses.

On the whole, the domestic hydrofluoric acid market price has risen due to various favorable factors. However, recently, the fluorite traders have reported that there is still room for increase in the fluorite market price. In addition, the rising R22 price in the upstream raw material market will become a good support for the hydrofluoric acid market. Chen Ling, an analyst of hydrofluoric acid in the business agency, thinks that the market price of hydrofluoric acid may rise slightly.

1、 Price trend

The domestic xylene market price was stable this week, with the average domestic price of 3680 yuan / ton as of Friday, which was flat compared with last week.

2、 Analysis and comment

This week, the price of isomeric xylene is generally stable, compared with the previous period, the market price is slightly sluggish, and the transaction is not active. At present, the mainstream price in East China is about 3700 yuan / ton. As the outlook for crude oil supply and demand is not clear, the market is concerned about the trend of oil price and the secondary spread of overseas epidemic situation, the impact of the global economic recession on crude oil demand, and the news of the meeting of the OPEC + Joint Ministerial supervision committee, which will meet again on July 15.

Upstream, in terms of crude oil, the supply side and demand side formed expected pressure on oil prices during the Dragon Boat Festival: shale oil production in the United States rose sharply; the second outbreak of the global epidemic was confirmed; and the trade friction between Europe and the United States continued to escalate. Affected by this, crude oil prices briefly broke through the previous high and then fell back, and the probability of oil price fluctuations in the future increased. As of early Friday morning, spot Brent was down 4.51%, Brent futures was down 5.14%, WTI futures was down 2.96%, and Dubai futures was down 2.19%.

In terms of downstream, PX market, the listed price of Sinopec’s enterprises in China this week is about 4300 yuan / ton, and the latest external price is about 534 US dollars / ton FOB Korea and 552 US dollars / ton CFR China. It is expected that the PX market will maintain a stable trend in the short term. In terms of PTA market, the domestic PTA spot market price is about 3670 yuan / ton, and the external price is about 444 US dollars / ton CFR China. PTA price is expected to maintain a stable trend next week. In terms of ox market, Sinopec’s o-benzene price is stable at 4400 yuan / T, and the external price of o-benzene is about 515 US dollars / ton FOB Korea. It is expected that the price of o-benzene will maintain a stable trend next week.

3、 Future forecast

Xylene analysts of the chemical branch of the business society believe: in the short term, OPEC + production reduction, total number of oil drilling in the United States and EIA inventory situation in the supply cost side. In the medium term, on the demand side, the economic and trade situation in Europe and the United States, the impact of the second outbreak in Europe and the United States on the economic restart of crude oil demand, and the recovery progress of the industrial chain. Next week, we will focus on the secondary spread of overseas epidemic, the impact of global economic recession on crude oil demand, and the trend of international crude oil. On the whole, it is expected that xylene prices in the domestic market will adjust slightly next week.

1、 Price trend

According to the commodity data monitoring, the domestic isopropanol price rose first and then fell in June, and it still rose in the whole month. At the beginning of the month, the average price of isopropanol in China was 11500 yuan / ton, and at the end of the month, the average price was 11975 yuan / ton.

2、 Market analysis

In June, domestic isopropanol prices rose first and then fell. In the first ten days of June, the price of isopropanol rose all the way due to the influence of acetone. On June 1, the average price was 11500 yuan / ton, and on June 10, the average price was 13933.33 yuan / ton, an overall increase of 21.16%. Then, with the decline of acetone, isopropanol also further followed the decline. As of June 28, the average price was 11975 yuan / ton, down 14.06% from June 10.

In terms of raw materials, the market price of acetone is closely related to the price of isopropanol. The market price of acetone has also changed from the rising trend at the beginning of the month to the stable transition in the middle of the month to the gradual reduction. As of the end of the month, the price of acetone has returned rationally. At present, the mainstream market has fallen below 10000 yuan. In the short term, the negotiation range in East China is 9600-9900 yuan / ton. The price of isopropanol by acetone method also follows its adjustment, the price rises first and then falls.

In terms of propylene, the market price of propylene in Shandong Province fluctuated frequently this month. Overall, in June, the propylene market price in Shandong went up. At the beginning of the month, the average domestic propylene price was 6642.73 yuan / ton, while at the end of the week, the average propylene price was 6871.72 yuan / ton. Within the month, the price was increased by 2.09%. At present, propylene manufacturers are in good condition of delivery, no inventory pressure. The profit of propylene isopropanol is still very considerable. Due to the decrease of foreign trade orders, there is still room for price reduction.

International markets, as of June 23, the U.S. isopropanol market continued to fall deeply, while the European isopropanol market closed down sharply. Overseas disinfectant market demand for isopropanol decreased, overseas orders decreased, isopropanol factory operating rate decreased, and the price decreased. In terms of domestic trade, there are many inquiries, mainly waiting and taking care of the goods. Up to now, the negotiation range of Shandong isopropanol is about 11500-11900 yuan / ton, and Jiangsu isopropanol is 11500-11800 yuan / ton. The negotiation range of isopropanol in South China is 12600-12700 yuan / ton.

3、 Future forecast

According to isopropanol analysts from the chemical branch of business society, the price of raw material acetone is rational, the profit of isopropanol produced by propylene method is considerable, and the cost support is limited. International market, isopropanol market continued to fall. In terms of demand, foreign trade benefits slowed down, and export orders decreased significantly. There are many domestic trade enquiries, mainly waiting and taking care of the goods. On the whole, in the short term, the price of isopropanol is likely to continue to decline, and follow-up attention will be paid to the change of news.

On June 23, the sulfur commodity index was 35.85, up 0.73 points from yesterday, down 65.48% from 103.84 (2011-11-02), the highest point in the cycle, and up 39.01% from 25.79, the lowest point on February 24, 2020. (Note: cycle refers to 2011-09-01 to now)

According to the price monitoring of the business agency, the average price of sulfur production in East China is 653.33 yuan / ton, up 2.08% per day. On Tuesday, refineries in various regions adjusted their quotations according to their own shipments. The overall price fluctuation in the domestic sulfur market was relatively small. Except for the increase in the price of sulfur fixation in East China, the price of solid liquid sulfur in North China and Shandong remained stable. On March 23, Sinopec’s price of solid sulfur in East China was increased by 20-40 yuan / ton, with an offer of 630-700 yuan / ton; Sinopec’s price of solid sulfur in North China was increased by 510-610 yuan / ton; Sinopec’s price of solid sulfur in Shandong was increased by 660-670 yuan / ton.

At present, the external market news of sulfur is relatively flat, the market is not good for pulling, and the market is stable, medium and weak. In the later stage, it is still necessary to observe the release of downstream demand and the price dynamics of the external market. In the downstream, the phosphate fertilizer enterprises are stuck in operation, the domestic market performance is flat, the overall inventory pressure of the enterprises is small, the demand for fertilizer in the later autumn is good, and the price may rise.

Future market forecast: at present, the market is lack of positive pull, and the market lacks guidance of substantive news in the short term. It is expected that the domestic sulfur market will operate stably as a whole.

The international oil price fell first and then rose, while the domestic gasoline price fell slightly. The MTBE market was short of positive results, and the overall price remained stable. According to the data of business agency, the price of MTBE on June 19 was 3900 yuan / ton, only 0.43% higher than that at the beginning of the week.

This week, the international crude oil price is in the rebound trend after the fall, but the recent international crude oil market is not good enough to follow up, and the international oil price cannot break the floor price of $40 / barrel of refined oil price adjustment. The consumption in the lower reaches of most regions in the North continues to be good, while the demand in some regions in the south is reduced due to rainfall, and the demand in the gasoline market is favorable and insufficient. The decline of gasoline price suppresses the market price of MTBE.

However, the apparent consumption of refined oil in April was 27.64 million tons, up 2.1% year on year, of which gasoline was up 4.53% year on year. In the first ten days of June, the ground refining operation rate in Shandong Province rose to a high level of about 76%, and the increase of gasoline production boosted the demand for intermediate materials.

MTBE product analyst of energy branch of business news agency thinks: domestic gasoline price is still possible to decline, but at present, refinery construction is relatively high, which supports the demand for MTBE and other intermediate materials. It is expected that MTBE market price may fall in the near future, but the decline is limited.

The seasonal off-season of asphalt itself overlaps the high domestic asphalt operating rate, and the domestic asphalt market price is under pressure. According to the price monitoring data of the business agency, on June 19, the asphalt price was reported as 2300 yuan / ton, down 1.08% compared with that at the beginning of the week.

The data shows that the operation rate of domestic asphalt plant has increased from 61% to 65% in recent years, and the asphalt supply in South China, East China, Shandong and northwest regions has increased. In May, the total output of domestic asphalt was close to 2.8 million tons; the monthly growth rate was more than 300000 tons, and the quantity of imported asphalt in May was about 440000 tons, which was basically the same on a month on month basis. In June, Sinopec and its refineries are expected to maintain a high level of construction, and the market supply pressure will not be reduced.

The high supply of asphalt market meets the low seasonal demand of asphalt. In the near future, the demand in Shandong and North China is stable, and the users in the middle and lower reaches purchase on demand; the rainy weather in East China limits the construction and terminal demand, and the shipment of refineries and traders slows down. The weather in Northeast and Northwest China is good, there are many terminal road construction projects, and asphalt needs to be supported.

This week, the international crude oil price is in the rebound trend after the fall, but the recent international crude oil market is not good enough to follow up, and the international oil price cannot exceed $40 / barrel. From the news point of view, the crude oil market does not have any effective direction guidance for the time being, and the market is worried about the second outbreak of the epidemic, so it is not optimistic about the crude oil market. The asphalt market will lose the support of cost and price.

Business analysts believe that the short-term international oil price is under great pressure at the $40 / barrel level, and the asphalt supply shows no signs of reducing, and it is expected that the domestic asphalt price will continue to bear downward pressure.

1、 Price data

As of June 19, the average ex factory price of domestic main refined and hydrogenated naphtha was 4500 yuan / ton, down 1.69% from 4580 yuan / ton at the beginning of the week, and the actual transaction price of refined and hydrogenated naphtha was about 4400-4500 yuan / ton.

On June 18, the naphtha commodity index was 55.79, down 0.49 points from yesterday, 45.63% from 102.62 (2012-09-24), the highest point in the cycle, and 32.08% higher than 42.24, the lowest point on July 19, 2016. (Note: cycle refers to 2012-09-01 to now)

2、 Analysis of influencing factors

Naphtha prices fell slightly this week, with ample inventories.

Upstream: according to the monitoring of the business news agency, WTI crude oil in the United States is 37.12 USD / barrel at the beginning of the week, 39.05 USD / barrel at the end of the week, with a weekly increase or decrease of more than 5%; Brent crude oil is 39.72 USD / barrel at the beginning of the week, 41.51 USD / barrel at the end of the week, with a weekly increase or decrease of 4.80%. At the OPEC + ministerial meeting, the assessment of the record production reduction agreement released a signal of increased implementation rate of production reduction, offsetting some emotional disturbance of demand concerns caused by the epidemic. Crude oil prices continued to fluctuate at high levels, and the naphtha drop was mostly affected by the sharp drop in crude oil prices last week.

Downstream: according to the monitoring of the business agency, the domestic toluene market price fell this week. As of Friday, the domestic average price was about 3550 yuan / ton, down 2.47% on last week. The domestic xylene market price also declined this week. As of Friday, the domestic average price was about 3650 yuan / ton, down 2.39% on last week. The domestic inventory pressure is gradually prominent, and the risk of oversupply is once again hyped.

3、 Future forecast

According to energy analysts of business club, this week’s naphtha refining fell slightly, with sufficient inventory and general downstream purchasing sentiment. It is expected that the price of naphtha refining and hydrogenation will continue to decline in the near future, with the average price range of 4100-4400 yuan / ton.

1、 Price trend

This week, the ex factory price of carbide in Northwest China was temporarily stable. This week, the average ex factory price of main carbide manufacturers was 2690.00 yuan / ton, up 4.81% year on year. Overall, this week’s carbide market is temporarily stable, with the carbide commodity index at 70.48 on June 12.

2、 Trend analysis

From the manufacturer’s quotation, the ex factory price of calcium carbide in Northwest China this week is temporarily stable: the quotation of oveganeng calcium carbide this week is 2700 yuan / ton, which is temporarily stable compared with the beginning of the week; the quotation of Shaanxi coal industry calcium carbide this week is 2550 yuan / ton, which is temporarily stable compared with the beginning of the week; the quotation of Neimenggu Zhonglian calcium carbide this week is 2760 yuan / ton, which is temporarily stable compared with the beginning of the week; the quotation of Ningxia Xingping calcium carbide this week is 2750 yuan / ton/ Tons, compared with the beginning of the week, the offer is temporarily stable.

On the whole, the actual transaction price of carbide in Northwest China is about 2500-2700 yuan / ton this weekend: the mainstream transaction price of carbide in Shaanxi is about 2500-2600 yuan / ton; the mainstream transaction price of carbide in Ningxia is about 2700 yuan / ton; the mainstream transaction price of carbide in Inner Mongolia is about 2700 yuan / ton, and the actual transaction price is mainly negotiated.

From the perspective of the upstream and downstream industrial chain of calcium carbide, the price of raw materials in the upstream market is temporarily stable this week. At present, the quotation of small materials is 530 yuan / ton, that of medium materials is 550 yuan / ton, and that of large materials is about 660 yuan / ton. The price of raw materials in the upstream is low and consolidated, with general cost support, which has a negative impact on the price of calcium carbide.

Downstream market, PVC factory price this week temporarily stable. The price of PVC was 6337.50 yuan / ton, down 4.70% year on year. This week PVC price is temporarily stable, the market situation is general, and the enthusiasm of the downstream for calcium carbide procurement is also weakened. As a whole, PVC market this week has a negative impact on the price of calcium carbide.

3、 Future forecast

In the middle of June, the market of calcium carbide fluctuated slightly. The price of raw materials in the upstream is low, which generally supports the price of calcium carbide, while the price of PVC in the downstream is high, with limited increase, and the purchase enthusiasm of downstream customers for calcium carbide is weakened. The future market forecasts that the price of calcium carbide in the northwest may fall slightly in mid June.

1、 Price trend

According to the monitoring data of business agency, the average ex factory price of domestic chlorinated paraffin 52 grade I products was 4833 yuan / ton on June 8 and 4833 yuan / ton on June 12, and the price remained stable this week.

The commodity index of chlorinated paraffin on June 12 was 71.96, which was the same as yesterday, 34.24% lower than the highest point of 109.43 (2013-12-03), and 12.70% higher than the lowest point of 63.85 on September 26, 2016. (Note: cycle refers to 2012-06-01 to now)

2、 Market analysis

This week, the market price of chlorinated paraffin is stable. The ex factory price of chlorinated paraffin 52 in Jiangsu Province is 4600-5200 yuan / ton, that of chlorinated paraffin 52 in Hebei Province is 3900-4800 yuan / ton, and that of chlorinated paraffin 52 in Henan Province is 4000-5300 yuan / ton. The ex factory quotation of chlorinated paraffin 52 in Northeast China is 4400-5200 yuan / ton. The ex factory quotation of chlorinated paraffin 52 in Shandong Province is about 4900 yuan / ton. The ex factory quotation of chlorinated paraffin 52 in Northwest China is 4800-5400 yuan / ton. The ex factory quotation of chlorinated paraffin 52 in East China is 4500-5400 yuan / ton. The factory quotation of chlorinated paraffin 52 in North China is 4000-5000 yuan / ton. The factory quotation of chlorinated paraffin 52 in South China is 4500-5000 yuan / ton.

At present, the raw material market is dominated by high-level operation. The price of wax in the upstream feed liquid remained stable and the cost support was limited. The raw material liquid chlorine fluctuated steadily, and the price was blocked. The downstream demand is limited and the transaction situation is poor.

3、 Future forecast

Analysts of chlorinated paraffin in business association believe that the chlorinated paraffin market is currently in a stalemate. The price of raw materials is mainly high and stable. Some enterprises adjust flexibly and need to take more goods. Due to the poor demand of terminal enterprises, it is expected that the price of chlorinated paraffin will run smoothly in the short term.

According to the data monitoring of business agency, as of June 5, the average ex factory price of domestic butanone market is around 6733 yuan / ton, which is 500 yuan / ton higher than that of this Monday, 8% higher in the week, and 933 yuan / ton higher than that of early May, 16% higher.

Brief review of butanone market in May

First, briefly review the market trend of butanone in May. After the labor day in May, the price of domestic butanone market rebounded rapidly on the 6th and 7th. At that time, the main advantages were driven by the sharp rise of acetone and the low level of factory inventory after replenishment of positions in the downstream before the festival. According to the data monitoring of the business agency, as of the 7th, the reference average price of domestic butanone factory was 6233 yuan / ton, 433 yuan / ton higher than that before the festival, and then the market maintained stable operation for a week, The main reason is that the release of downstream demand is still insufficient and the rise is weak. Until May 15, the factory had a strong desire to increase, and the price slightly increased by 100-200 yuan / ton. However, the real problems of the supply and demand side still exist, and the downstream conflicted with the high price mentality. On May 19, the market rebounded at a stage, the factory failed to meet the inventory pressure, and the quotation slightly decreased. In the following days, the market was mainly narrow. Until the 25th, affected by the sharp rise of acetone and crude oil market, the mentality of butanone market players improved, the contradiction between supply and demand eased, and the market quotation rebounded. As of May 31, according to the data monitoring of the business agency, the average ex factory reference price of butanone in China was 6233 yuan / ton, up 433 yuan / ton or 7.47% compared with that at the beginning of the month. The maximum amplitude is 7.47%.

Analysis and forecast of market situation in June

At the end of May, the steady rising momentum of the market supported the butanone market in June. Since the beginning of June, with the sharp rise of crude oil market and the sharp rise of acetone market, the butanone market has been strongly supported. The mentality of butanone market players is improving, and the downstream market is also replenishing, and the market price keeps rising with the increase of demand. Since the beginning of the month, the butanone market has been rising for 5 consecutive days. As of June 5, according to the data monitoring of the business agency, the average ex factory reference price of butanone in China has risen to 6733 yuan / ton. Compared with June 1, it has risen 500 yuan / ton in 5 days, an increase of 8%. Compared with the beginning of May, it has risen 933 yuan / ton, an increase of 16%. At present, the reference factory price of domestic butanone in East China market is around 6900 yuan / ton, which has rebounded about 900 yuan / ton compared with the beginning of May; the reference factory price of domestic butanone in North China market is around 6500 yuan / ton, which has rebounded about 500 yuan / ton compared with the beginning of May; the reference factory price of domestic butanone in South China market is around 7200 yuan / ton, which has rebounded about 1100 yuan / ton compared with the beginning of May.

In terms of supply and demand, in May, Fushun Petrochemical resumed the operation of 30000 T / a plant, with a small increase in supply. At present, butanone plant in June has been operating smoothly in the near future, and there is no maintenance plan. On the downstream side, the process of domestic resumption of production is good. For the next demand expectation in June, the commencement of downstream adhesives and slurry is expected to be further improved.

In terms of cost, with the sharp rise of butanone price in the first week of June, the industry profit should be increased compared with the previous period, and the profit will increase accordingly. At present, the production enthusiasm of butanone enterprises has been improved, and the downstream demand has been gradually opened. It is hoped that the butanone market will recover a good profit in the early stage as soon as possible.

On the whole, the market price of butanone showed signs of stopping falling and rising at the end of May. In June, the supply and demand of butanone market was more optimistic than that in the earlier stage, the confidence of the industry was improved, and the factory inventory was low. In the first week of June, the price of butanone rose for 5 consecutive days, and the market was affected by the rising of international crude oil 6, with a positive attitude. As a result, there is little room for the butanone industry’s production profit to continue to fall sharply.

The butanone analyst of the business agency boldly predicted that the inflection point of the butanone market might be this month. Of course, considering the market trend of the narrow volatility of the butanone market in May, and the market impact from the macro perspective, the following market may still have insufficient supply and demand benefits, as well as the great uncertainty of external factors such as foreign public health events and exports, the domestic butanone market will not be excluded There is still the possibility of another decline.

According to the price monitoring data of business agency, as of June 5, the reference average price of domestic n-propanol including packaging in mainstream areas was around 11700 yuan / ton, up 533 yuan / ton or 4.78% compared with June 1, up 866 yuan / ton or 7.04% compared with the beginning of May, up 1633 yuan / ton or 16.04% compared with the beginning of April.

Since the second quarter of 2020, the domestic n-propanol market has risen all the way, with an increase of more than 16%

After the Spring Festival in 2020, affected by public health events, logistics and transportation, the domestic n-propanol market has been dominated by low-level operation from February to March, while the downstream is used and purchased, with general demand. The factory produces on demand and mainly supplies contract users. Due to the different development of chemical industry in different countries, the application of n-propanol is also quite different. In China, n-propanol is mainly used as raw materials for the production of n-Propyl Acetate, with market demand accounting for about 65% and direct use as solvent only accounting for about 8%.

In April, the sharp rise of isopropanol led to the flying of n-propanol and it

At the beginning of April, the domestic n-propanol market as a whole still maintained the weak low-level operation in the early stage. Until the middle of April, affected by the sharp rise of the market of isopropanol, the market price of isopropanol once broke through 13000 yuan / ton, and the inventory was low. Many downstream users began to replenish n-propanol instead of isopropanol as a solvent. Therefore, since the middle of April, the demand of domestic n-propanol market has increased significantly, The factory stock is tight, and the price is also rising. According to the data monitoring of the business agency, on April 30, the reference average price of domestic n-propanol factory was 10933 yuan / ton, up 900 yuan / ton from the beginning of the month, up more than 8%.

N-propanol continued to rise steadily in May

Since the beginning of May, although the price of isopropanol has fallen, the early rise is still the same, and the advantage as a solvent is still not significant, so this month’s n-propanol market is still stable and rising. According to the data monitoring of the business agency, on May 31, the average ex factory reference price of n-propanol in China was 11166 yuan / ton, 230 yuan / ton higher than that in early May, an increase of more than 2.3%, 1100 yuan / ton higher than that in early April, an increase of nearly 11%.

In the early days of June, the isopropanol market rose again slightly, driving the market of n-propanol to keep up with the rising sentiment. As of June 5, Nanjing: the manufacturer Nanjing Rongxin Chemical Co., Ltd., the production unit of n-propanol was operating normally, and the ex factory quotation of n-propanol for external purified water was 10500 yuan / ton (ex warehouse price of cash purified water). Shandong Province: at present, the overall inventory of n-propanol market is low, the ex factory price of purified water and the self raised price of the port including packaging have been increased by 500-1000 yuan / ton.

According to the data monitoring of business agency, the latest price of n-propanol of some enterprises in China on June 5, 2020 (for reference only)

Enterprise name price type price (yuan / ton including tax) specification remarks time

Nanjing Rongxin Chemical Co., Ltd. ex factory price: 10500 yuan / ton; purified water content ≥%: 99.5; grade: excellent; June 5, 2020

Shandong fengcang Chemical Co., Ltd. market price: 11500 yuan / ton barrel content ≥%: 99.5; grade: superior; June 5, 2020

Ningbo Haorui Chemical Co., Ltd. market price: 11500 yuan / ton barrel content ≥%: 99.5; grade: superior; June 5, 2020

Jinan today he Chemical Co., Ltd. ex factory price 10600 yuan / ton purified water content ≥%: 99.5; grade: superior; June 5, 2020

Jinan Mingwei Chemical Co., Ltd. factory price: 10000 yuan / ton, purified water content ≥%: 99.5; grade: excellent; June 5, 2020

Jinan Pratt & Whitney Chemical Co., Ltd. factory price: 10500 yuan / ton net water content ≥%: 99.5; grade: superior; June 5, 2020

In the upstream, propylene oxide in the upstream of n-propanol was stable after the market fluctuation in May, and the overall increase was still obvious, with a monthly increase of 12.55% and a monthly amplitude of 26.61%. At the beginning of June, although the market fluctuated slightly, the overall trend in May and June still had a positive impact on the n-propanol market.

In the downstream, the market of n-Propyl Acetate downstream of n-propanol was relatively stable as a whole, and the manufacturer’s quotation was mainly stable. On the 3rd and 4th, some dealers made a small downward adjustment for the smooth delivery quotation, which had little impact on the overall market trend.

According to the prediction of the data division of the business association, at present, many favorable factors still exist in the n-propanol market. It is expected that in the first ten days of June, when the overall market is high and strong, and the inventory is low, the market will rise again.

According to the price monitoring of the business agency, the domestic aggregate MDI market is mainly consolidated. At the beginning of the week, the average price of the domestic aggregate MDI market is 12250 yuan / ton, and at the end of the week, the average price of the domestic aggregate MDI market is 12300 yuan / ton, up 0.41% in the week. The price is 7.19% higher than that of the same period last month and 7.34% lower than that of the same period last year.

This week, the MDI market quotation was firm and maintained, and the negotiation was slightly light. Kostrong’s guidance price is stable this week, and the task volume will not be assessed; the guidance price of Ryanair factory rises, with limited supply. After the resumption of production of a plant in Shanghai or the extension to the middle of June, the main factories in the North began to implement weekly settlement this week. The attitude of suppliers is the same, and the market continues to be strong. In the trade market, the agent’s quotation is firm and the delivery is cautious; the middleman’s profit margin can still hear the transaction price lower than the mainstream price. Recently, affected by the lower price of us gold market, the post market mentality is slightly different. Distribution downstream demand side inquiry buy light, just need small order mainly. However, the main downstream areas such as refrigerators, automobiles and plates are slowly improving, which will drive the distribution market in the later stage.

Raw materials, pure benzene: this week, the price of pure benzene fell in the north and rose in the south. As of Thursday, June 4, the main negotiation in East China was around 3550 yuan / ton, up 110 yuan / ton compared with last Thursday, and that in Shandong was around 3600 yuan / ton, down 50 yuan / ton compared with last Thursday.

Aniline: the aniline Market is stable in the week. From the perspective of raw materials, the price of Shandong hydrogenated benzene is higher driven by the rise of crude benzene. The average bidding price of pure benzene in Jinling week is 3530 yuan / ton, 150 yuan / ton higher than last week, and the cost support is stronger. Jinling and Huatai aniline plants in Shandong Province both reduced their load by half, with East China shipping as the main source. The sales volume is expected to decrease this month compared with last month. As a result, aniline market supply decreased. Downstream just need to take goods, aniline enterprises stable shipment, price stable operation.

Downstream, spandex, the current market trend of spandex is flat, the supply of manufacturers is stable, the industry starts 80% up, high-level operation. The cost side support performance is average, the downstream terminal market is not in high mood to receive orders, and the actual transaction volume is discussed in detail. In Jiangsu and Zhejiang area, the reference for 20d spandex mainstream negotiation is 36000-37000 yuan / ton; the reference for 30d spandex mainstream negotiation is 34000-35000 yuan / ton; the reference for 40d spandex mainstream negotiation is 28500-30000 yuan / ton, and the actual transaction details are discussed.

MDI analysts predict that the short-term domestic MDI market quotation will continue to be firm, waiting for the weekly manufacturer price guidance and the manufacturer’s supply.

1、 Price trend

According to the data in the business club’s large list, the price of pure benzene on May 1 was 2750-3400 yuan / ton (average price 3020 yuan / ton), and on May 31, the price of pure benzene on May 31 was 3450-3850 yuan / ton (average price 3600 yuan / ton), up 580 yuan / ton from May 1, up 19.21% this month. The highest price of this month is from May 28 to 31, with a price of 3600 yuan / ton; the lowest price is from May 2 to 5, with a price difference of 640 yuan / ton, with a price of 2960 yuan / ton.

2、 Analysis and comment

1. Crude oil: in May, international oil prices were generally good. Oil producing countries continued to push forward production reduction activities, and the demand for crude oil and refined oil rose to a certain extent. However, the market is still in a state of oscillation, and the uncertainty of trade relations affects the oil price. Compared with April 30, Brent oil price increased by 14.71 USD / barrel, or 74.78%; WTI oil price increased by 13.99 USD / barrel, or 64.03%. Compared with December 31, 2019, Brent oil price decreased by 32.385 USD / barrel, or 48.51%; WTI oil price decreased by 24.93 USD / barrel, or 41.02%.

2. Products: Sinopec raised the listing price of pure benzene five times this month, with a total increase of 700 yuan / ton to 3500 yuan / ton. This month, the pure benzene market was mainly driven by crude oil and positive external market. With the recovery of public health events, foreign blockade measures have been gradually relaxed, and crude oil chemicals market has picked up. But at present, the domestic price is higher than the import price, which restrains the sharp rise of domestic pure benzene price.

3. Outer disk: boosted by the favorable crude oil, the outer disk oscillated higher in May. In May, South Korea’s import of pure benzene rose by 74.33 USD / ton, or 22.96%; East China’s import of pure benzene rose by 66 USD / ton, or 19.35%.

4. Downstream: styrene: the price of styrene in Shandong was 5100 yuan / ton on May 1, 5416.67 yuan / ton on May 29, up 6.21% this month. The highest price of this month is from May 19 to 24, with a price of 5500 yuan / ton. At present, the rise of styrene is mainly affected by crude oil, and the actual spot shipments are relatively small.

Aniline: the price of aniline was 4800 yuan / ton on May 1, 4466.67 yuan / ton on May 29, down 6.94% this month. Aniline fell twice this month, while the rest remained stable. The MDI and auxiliary operating rate in the downstream of aniline are still low, and the demand for aniline is insufficient.

3、 Future forecast

1. Crude oil: Saudi Arabia and other OPEC producing countries are considering extending the cut to the end of 2020. OPEC will hold another meeting on June 10 to continue to pay attention to the production reduction meeting. And oil price is not only affected by supply and demand, but also by economic constraints. Uncertainty in trade relations could trigger oil price shocks.

2. Market: it is heard that the turnover of pure benzene is 3600 yuan / ton in May, 3680-3700 yuan / ton in June, 3760 yuan / ton in July and 3800 yuan / ton in August. The operating rate of hydrogenated benzene enterprises has increased, the pressure on supply and demand has increased, or the pure benzene market has been affected.

In the long run, the market price of pure benzene will continue to rise, but the short-term oscillation still exists.

The international crude oil is relatively high, the gasoline market demand is good, the market price is rising, and the domestic MTBE market follows the gasoline market up. According to the data of business agency, the price of MTBE this weekend was 3666 yuan / ton, 1.85% higher than that of last week.

With the further increase of temperature in summer, gasoline terminal consumption will still perform vigorously. Meanwhile, in June, there will be more orders for the main gasoline purchased from outside. The gasoline delivery of refineries will be smooth, the raw material procurement of middlemen will be more active, and the overall transaction atmosphere of MTBE market will perform well, which will push the manufacturers up actively. However, in the middle of the week, there was a part of low-priced trade source impact on the market, and then MTBE market price rebounded upward again.

Since next week, there will be cooling weather in the north and south, and gasoline demand will fall for a short time, which is expected to drive the MTBE market price down for a short time.

According to statistics, the price trend of domestic ammonium nitrate market rose slightly in May. By the end of the month, the market price of ammonium nitrate was 2330 yuan / ton, 1.3% higher than 2300 yuan / ton at the beginning of the month, up 18.47% year on year.

In May, the price trend of domestic ammonium nitrate market rose slightly, the operation of domestic ammonium nitrate manufacturers’ devices was stable, and the supply of goods on the site was normal in the near future. Some manufacturers reported that the inquiry increased, and the market price on the site rose slightly. In the near future, the market of ammonium nitrate manufacturers’ shipment is general, and the downstream is purchased on demand. In the near future, the trend of the downstream nitro compound fertilizer is stable. The domestic downstream civil explosive industry still stops production a lot, the domestic ammonium nitrate manufacturers start work normally, and the market price of ammonium nitrate rises slightly. Up to now, the mainstream of negotiation in Shaanxi is 2200-2400 yuan / ton, that in Shandong is 2000-2200 yuan / ton, and that in Hebei is 2400-2700 yuan / ton.

In May, the price of concentrated nitric acid in China was slightly lower, and the average price of nitric acid at the end of the month was 1433.33 yuan / ton, down 2.27%. Jiangsu Hongze Yinzhu Chemical Co., Ltd. offers 1400 yuan / ton; Anhui Jinhe offers 1350 yuan / ton; Shandong helitai offers 1700 yuan / ton. Anhui Aodeli offers 1400 yuan / ton; Wenshui County synthetic chemical offers 1580 yuan / ton. In the near future, the operation of domestic maintenance devices is stable, the market supply of concentrated nitric acid is sufficient, and the situation of goods in the field is general. In May, the price of nitric acid in the market fell slightly, and the price of raw material nitric acid fell, which is the negative impact of the market of ammonium nitrate, and the price increase of ammonium nitrate is limited.

In May, the domestic liquid ammonia Market in the upper reaches continued the market of last month and continued to fluctuate downward. According to the monitoring of the business association, since May, for example, in Shandong Province, the price of liquid ammonia has dropped by 5%. The continuous downward trend of the price of liquid ammonia is mainly due to the result of the game between high inventory and low demand. Under the pressure of the manufacturers, the factory price has been lowered repeatedly, and the market offers have been lower. The range is in the range of 200-400 yuan / ton. Near the end of the month, the market offer is in the range of 2500-2700 yuan / ton. Most of the liquid ammonia is purchased on demand. At present, the supply and demand of the market is in the balance stage, and the market price of liquid ammonia is low. Due to the fall of the upstream market price of liquid ammonia, the market price of ammonium nitrate is slightly higher.

In the near future, the demand of the downstream civil explosive industry is general, and the market demand for ammonium nitrate is normal. In addition, the market price of raw material liquid ammonia has fallen, and the market price of ammonium nitrate has lost certain cost support. Ammonium nitrate analysts of business association think that the market price of ammonium nitrate may be slightly lower in the later period.

1、 Price trend

According to the data in the business club’s large list, the price of aniline in Shandong fell this week, while the price in other regions remained stable. On May 22, the price of aniline in Shandong was 4400-4490 yuan / ton, while that in East China was 4600-4820 yuan / ton, down 3.6% from last week.

2、 Analysis and comment

Raw materials: this week’s price of pure benzene continued to shock consolidation. In the week, Sinopec experienced two times of increase in the price of pure benzene, with a total increase of 250 yuan / ton to 3350 yuan / ton, reducing the price difference with the local refining. Sinopec’s increase in the price of pure benzene has played a positive role in supporting the domestic price of pure benzene. But this week’s pure benzene negotiation is weak, the spot price of pure benzene is lower, and the price in the far month is higher. This week, pure benzene port inventory went up, tank capacity was tight. On May 17, the listing price of pure benzene was 3100-3600 yuan / ton (average 3310 yuan / ton); on this Sunday (May 24), the listing price of pure benzene was 3300-3750 yuan / ton (average 3460 yuan / ton), up 4.53% from last week.

The price of nitric acid is stable this week, and the production price in East China is 1433.33 yuan / ton.

Product: the price of aniline Market was stable in the early stage of this week. On Thursday, the price of Jinling aniline was reduced by 200 yuan / ton, while that of Shandong aniline Market was down. The downstream demand is not high, and the enterprise’s shipment is deadlocked.

3、 Future expectation

Raw materials: the shift of crude oil center of gravity and the profit level of downstream products of pure benzene are acceptable, which are favorable for the existence of support; however, the high inventory of the port brings negative effects. It is expected that the pure benzene market will continue to fluctuate in the short term.

The downstream demand recovered slowly, and aniline is expected to maintain weak stability in the short term.

1、 Price trend chart of nitric acid Market

Nitric acid price curve

According to the monitoring of the business agency, the average price of nitric acid in East China this week was 1433 yuan / ton, with stable quotation.

2、 Market analysis

Products: the price of concentrated nitric acid is weak, the quotation of Jiangsu Hongze Yinzhu Chemical Co., Ltd. is 1250-1300 yuan / ton, the same as last week; the quotation of Wenshui Synthetic Chemical Co., Ltd. is 1580 yuan / ton, the same as last week; the quotation of Anhui Jinhe Chemical Co., Ltd. is 1300-1350 yuan / ton, the same as last week; the quotation of Shandong helitai Chemical Co., Ltd. is 1700 yuan / ton, the same as last week; the demand of nitric acid market is light and stable.

Industry chain: upstream liquid ammonia, domestic liquid ammonia weak downward this week; downstream aniline, aniline price drop this week; TDI slightly lower this week.

3、 Future forecast

Nitric acid analysts predict that negative pressure, nitric acid price weak run.

1、 Price trend

According to the data monitored by the business association, as of May 22, the average price of domestic premium DMF enterprises was 4800.00 yuan / ton, and the recent domestic DMF operation was weak.

2、 Market analysis

Products: Recently, domestic DMF is in weak operation. Luxi Chemical Co., Ltd. offers 4450 yuan / ton, Zhangqiu daily and monthly 4550 yuan / ton, Hualu Hengsheng 5400 yuan / ton. The shutdown of Jiangshan plant in Zhejiang Province has some favorable effects on the DMF market. The firm price intention of the factory is obvious, the downstream demand is general. There is a certain pressure on the high level of DMF inventory, and the factory actively delivers goods, but the transaction atmosphere is general.

Industry chain: the upstream methanol manufacturers’ quotation is stable based on the execution of contract orders, and the domestic methanol market is mainly fluctuating in a short period of time. At present, the mainstream quotation of methanol is 1630-1690 yuan / ton.

Industry: on May 21, the chemical industry index was 643, up 1 point from yesterday, down 36.71% from 1016 (2012-03-13), and up 7.53% from 598, the lowest point on April 8, 2020. (Note: cycle refers to 2011-12-01 to now)

3、 Future forecast

DMF analysts believe that the DMF market is expected to be weak in the short term. (the above prices are provided by major DMF manufacturers across the country and analyzed by business DMF analysts. For reference only, please contact the relevant manufacturers for more details.)

1、 Price trend

According to the data monitored by the business association (average ex factory price of calcium carbide SG5), the average price of domestic PVC mainstream on May 18 was 5830 yuan / ton, 0.82% higher than the previous day, and 17.3% lower than the same period last year. On May 18, the PVC commodity index was 73.88, up 0.61 points from yesterday, down 26.12% from the cycle’s highest point of 100.00 (2011-09-05), and up 26.79% from the lowest point of 58.27 on December 20, 2015. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

Products: PVC futures rose on the 18th, driving the spot market to continue to soar, but the trend has slowed down compared with the previous gains. Late last week, PVC futures fell, some enterprises in the spot market cautiously recalled, in addition to the high price of PVC in the early stage, and limited terminal receiving capacity, so the momentum of PVC market continued to rise sharply was insufficient, and most enterprises kept a stable wait-and-see, digesting the early gains. At present, the domestic terminal demand recovers and the real estate industry ushers in the peak season. The operation rate of PVC pipe enterprises has been significantly improved and the demand has increased. Other downstream markets are still in the process of slowly improving, especially the export market is recovering slowly with few orders. As a whole, the demand side focuses on the domestic market. The domestic PVC inventory has decreased, the supply of goods in South China is tight, there is a phenomenon of looting, the inventory in other regions is still high, the terminal multi-dimensional system just needs, and the transaction atmosphere has improved. At present, it is still in the period of maintenance of production enterprises, and the sales pressure of manufacturers is not great. In addition, the recent increase of calcium carbide at the raw material end, PVC enterprises’ strong price sentiment is high, and the market is getting better. According to the data monitoring of business agency, as of May 18, the main quotation range of domestic PVC is 5500-5950 yuan / ton.

Futures: on 18th, pvcv2009 contract concussed higher, closing at 5885 yuan / ton, which was + 100 yuan compared with the previous trading day; trading volume was 163501, – 18710; positions were 218482, + 3934, basis – 5 yuan, + 65 yuan; 9-1 price difference was 50 yuan, + 0 yuan.

Industry chain: European and American stock markets fell recently, and there are still many challenges in the oil market in the later period, and the support for ethylene is not clear, so the data analysts of the business agency expect that the ethylene price will keep a narrow range consolidation in the future. Last week, the ex factory price of calcium carbide in Northwest China rose slightly: oveganone’s quotation for calcium carbide this weekend was 2500 yuan / ton, 120 yuan / ton higher than that at the beginning of the week; Shaanxi coal industry’s quotation for calcium carbide this weekend was 2350 yuan / ton, 100 yuan / ton higher than that at the beginning of the week; China United Inner Mongolia’s quotation for calcium carbide this week was 2330 yuan / ton, temporarily stable compared with that at the beginning of the week; Xingping Ningxia’s quotation for calcium carbide this weekend It is 2450 yuan / ton, which is 100 yuan / ton higher than that at the beginning of the week. The future market forecasts that the price of calcium carbide in the northwest may rise slightly in late May.

Industry: according to the price monitoring of the business agency, in the 19th week of 2020 (5.11-5.15), there are 5 kinds of commodities in the list of rise and fall of bulk commodity price in rubber and plastic plate, the top three commodities are PC (4.88%), PVC (1.36%) and PA6 (1.19%). There are 8 kinds of commodities with a decline in the month on month, and the top 3 products were PP (fiber) (- 4.29%), PP (drawing) (- 3.67%) and HDPE (- 2.76%). This week’s average was – 0.45%.

3、 Future forecast

PVC analysts of the business club believe that: at present, the macro-economy has recovered, the terminal demand has gradually recovered, PVC futures trading is active, and many positive factors such as the increase of raw material end have boosted, and PVC market trend is expected to be strong in the short term.

1、 Price trend

According to the price monitoring of the business agency, the ex factory price of urea in Shandong Province rose slightly this week, with the quotation rising 0.21% from 1620.00 yuan / ton at the beginning of the week to 1623.33 yuan / ton at the end of the week, down 18.22% year on year. Overall, the urea market rose slightly this week, with the urea commodity index at 75.04 on May 15.

2、 Market analysis

Product: the main urea factory price in Shandong Province rose slightly this week. The quotation of Yangmei plain urea this week is 1630 yuan / ton, which is temporarily stable; Shandong Ruixing urea this weekend is 1600 yuan / ton, which is temporarily stable compared with the beginning of the week; Mingshui chemical urea this weekend is 1640 yuan / ton, which is 10 yuan / ton higher than the beginning of the week.

Market demand: the agricultural demand is low, and the enthusiasm for goods preparation is weak; the industrial demand is general, and the procurement of downstream compound fertilizer and plate enterprises is cautious, and most of them are used as they are purchased. Supply side: at present, due to the small amount of goods delivered from other provinces in Shandong Province, the new orders of enterprises in Shandong Province have improved, and the willingness of enterprises to hold up prices has increased. The short-term urea market is expected to rise slightly.

International aspect: on May 8, Indian bidding results announced that 14 enterprises participated in the bidding, with a total bidding volume of 2.393 million tons, and the east coast price of 231.90 USD / ton CFR. The price converted to the port is about 1530 yuan / ton, so the possibility of domestic supply is low.

Industry chain: the upstream urea products in this week seem to have declined as a whole: the price of natural gas has declined, with the quotation dropping from 2863.33 yuan / ton at the beginning of the week to 2750.00 yuan / ton at the end of the week, down 3.96%, down 22.39% compared with the same period of last year; the price of liquid ammonia in this week is temporarily stable, with the quotation of 3116.67 yuan / ton, down 9.75% compared with the same period of last year. In general, the urea cost support in this week is weak. This week, the price of melamine in the downstream of urea was temporarily stable, with a price of 5066.67 yuan / ton. The downstream rubber plate factory had a good enthusiasm for urea procurement, which had a positive impact on the price of urea.

3、 Future forecast

In late May, the urea market in Shandong Province was mainly up slightly. Urea analysts of business association believe that at present, agricultural demand is weak, downstream industry has a good enthusiasm for urea procurement, and it is expected that the short-term urea market will fluctuate slightly.

1、 Price trend

According to the monitoring data of the business agency, the weak and stable operation of domestic soda ash this week is mainly. The average domestic market price from the beginning of the week to the end of the week in East China is about 1363.33 yuan / ton. On April 25, the light soda ash commodity index was 75.04, flat with yesterday, down 36.33% from 117.86 (2017-11-21), the highest point in the cycle, and up 18.83% from 63.15, the lowest point on November 18, 2015. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

Product: this week, domestic soda price is mainly weak and stable. In East China, the market of soda ash is stable, the mainstream market price of light soda ash is about 1200-1380 yuan / ton, the mainstream market price of heavy soda ash is 1300-1400 yuan / ton, the market transaction is general, and it is expected that the price of soda ash will be weak in the short term. The consolidation market of soda ash in Central China is running. The mainstream market price of light soda ash is about 1150-1250 yuan / ton, and the mainstream market price of heavy soda ash is 1250-1350 yuan / ton. The downstream demand is poor. It is expected that the price of soda ash will be more consolidated in the short term. The market price of soda ash consolidation in North China is running. The mainstream market price of light soda ash is about 1300-1450 yuan / ton, and the mainstream market price of heavy soda ash is 1450-1600 yuan / ton. The market transaction is general. It is expected that the price of soda ash will be more consolidated in the short term. The average operating rate of domestic soda ash manufacturers is about 80%.

In terms of demand: the domestic soda ash market is in overall consolidation operation, and the phenomenon of supply exceeding demand continues. The total information of the industry is still more than 1.6 million. The overall market atmosphere of soda ash is not good, and the downstream market transaction follow-up is weak. According to the price monitoring of the business agency, in the 18th week of 2020 (5.4-5.8), there are 3 kinds of commodities rising and falling in the price list of chlor alkali industry, 2 kinds of commodities falling and 0 kinds of commodities rising and falling. The main commodities rising were hydrochloric acid (5.08%), PVC (4.32%), calcium carbide (0.72%); the main commodities falling were light soda ash (- 4.66%), caustic soda (- 3.59%). This week’s average was 0.37%.

3、 Future forecast

According to the soda ash analyst of business association, the domestic soda ash market atmosphere is flat and the transaction is general, and the overall pressure on enterprise inventory is still large. Although some manufacturers plan to shut down for maintenance in May, due to the high inventory and consumption process of the industry as a whole, it is comprehensively expected that the consolidation and operation of soda ash will be dominated in the short term.

1、 Price trend

According to the data of the business club’s large list, the market price of propylene (Shandong) in China rose steadily in the first ten days of May, with the first ten days price of 5936 yuan / ton, and the last ten days price of 6264 yuan / ton, with an increase of 5.51%.

2、 Analysis and comment

Product: last month, Shandong propylene price soared and plummeted, and then remained stable again, and the market was stable. During the May 1st period, the price of propylene slightly increased by about 50 yuan / ton. On the 6th, the price increased by 100 yuan / ton again. On the 7th, 8th and 9th, the price increased by 50 yuan / ton continuously every day. On the 10th, some enterprises continued to increase by 50 yuan / ton. Now, the market transaction is between 6200-6400 yuan / ton, and the mainstream price is between 6200-6250 yuan / ton. Now propylene inventory pressure is not big, but foreign propylene may increase.

Industry chain: affected by the international situation, the international crude oil price rose significantly at the end of last week. Now, the crude oil still rose, but the trend slowed down. Influenced by the international events on August 8, the crude oil rose significantly again, which has a certain positive impact on the future market of propylene.

Under the influence of public health events, the modified special material in PP was melt blown cloth material, and the price rose sharply in the early stage. At present, PP futures have returned to rationality. In the first ten days, PP spot has stepped up, with a 10 day increase of 3.30%, which has little impact on propylene.

In the first ten days, acrylic acid market declined, falling 5.53% in ten days, slightly negative impact on propylene.

In the first ten days, propylene oxide was up in shock, up 4.45% in ten days, which had a little positive impact on propylene.

In the first ten days, epichlorohydrin increased slightly after the decline, with a ten day drop of 0.66% and a ten day amplitude of 1.35%, which had little effect on propylene.

In the first ten days, the domestic price of n-butanol continued to rise, with an increase of 4.03% in ten days, which had a slight positive impact on propylene.

In the first ten days, octanol market also fluctuated upward, up 4.72% in ten days, which also had a small positive impact on propylene.

Affected by the epidemic situation, the isopropanol market, as one of the raw materials of foreign disinfectants, has finally stopped rising and falling since the end of last month. After falling in the first ten days of this month, the market has remained stable, falling by 7.86% in ten days and 8.93% in ten days, which may have a negative impact on propylene.

Phenol Market in Shandong Province rose sharply in the first ten days, up 11.45% in ten days, which had a significant positive impact on propylene.

The acetone market in Shandong also rose sharply in the first ten days, with an increase of 9.47%, which also had a significant positive impact on propylene.

3、 Future forecast

According to the propylene analyst of the chemical branch of business society, on the whole, the international crude oil market has a positive support, and the price has been rising for many times, which has a certain supporting effect on propylene. While the downstream market is mostly rational, but the operating rate slightly increased, isopropanol market continued to decline, phenol and acetone market rose significantly. The current inventory pressure is not big, but external propylene may increase, and it is expected that the price of propylene will increase slightly in recent days.

1、 Price trend

According to the data monitored by the business association, as of May 9, the average price of domestic rubber grade and high-quality white carbon black is 4566.67 yuan / ton. The domestic market price of white carbon black is relatively stable, and the current mainstream quotation range is 4500-5000 yuan / ton.

market analysis

Products: domestic rubber grade superior white carbon black maintains stable operation, downstream just need to purchase, buy as needed, according to the actual order quantity, the merchants actively give orders and actively make profits, with the relief of public events, the shipment is smooth, the inventory is general, and the turnover is limited. At present, Shandong Lihua new materials Co., Ltd. offers 4200 / T rubber grade superior products, Shandong Shouguang Changtai micro nano factory rubber The price of rubber grade superior products is 5000 yuan / ton, and that of rubber grade superior products of Boai Xiangsheng silicon powder Co., Ltd. is 4500 yuan / ton.

Industry chain: upstream hydrochloric acid, domestic mainstream hydrochloric acid factory price is temporarily stable, Dezhou Maihua quotation is 160 yuan / ton, Jinan Yuanfei quotation is 200 yuan / ton, Shanxi Wenshui quotation is 230 yuan / ton, Dezhou Shihua quotation is 250 yuan / ton, Taiyuan kunsheng quotation is 420 yuan / ton.

Industry: on May 8, the chemical industry index was 629, up 3 points from yesterday, down 38.09% from 1016 (2012-03-13), and up 5.18% from 598, the lowest point on April 8, 2020. (Note: cycle refers to 2011-12-01 to now)

Future forecast

According to the white carbon black analyst of business agency, the domestic rubber grade and superior white carbon black will maintain stable operation in the short term. (the above prices are provided by the major manufacturers of silica all over the country and analyzed by the business silica analysts for reference only. For more details, please contact the relevant manufacturers for consultation.)

According to statistics, the price of phthalic anhydride rebounded and rose in China. As of May 7, the price of phthalic anhydride from o-phthalic anhydride was 4750 yuan / ton. The price of phthalic anhydride in China rose slightly, the demand of plasticizer industry was normal, and the market of phthalic anhydride rebounded.

In recent years, the market price of phthalic anhydride in China has increased slightly, the demand of phthalic anhydride market is normal, and the market price of phthalic anhydride is average. However, the rise of crude oil price has boosted domestic petrochemical products, and the price of phthalic anhydride market has rebounded. The operation of domestic phthalic anhydride manufacturers is normal, the operating rate of phthalic anhydride in the site is more than 60%, the spot supply of domestic phthalic anhydride is normal, the procurement of downstream plasticizer industry is general, the market price of phthalic anhydride manufacturers is general, and the market price of phthalic anhydride is high. As of July 7, the market price of phthalic anhydride in East China rose, but the high-end transactions in the market were blocked. The main flow of the negotiation of neighboring method sources in East China was 4800-5100 yuan / ton, and that of naphthalene method sources was 4400-4600 yuan / ton. The main flow of the quotation in the phthalic anhydride market in North China was 4700-5000 yuan / ton, and the wait-and-see mentality in the phthalic anhydride market was still there. The market price of phthalic anhydride was general, and the price of phthalic anhydride rose slightly.

In the near future, the execution price of domestic phthalic anhydride upstream product Sinopec is 4000 yuan / ton. The import phthalic acid Market in port area is stable and stable temporarily. In the near future, the port phthalic acid market is general and the external price of phthalic anhydride is stable temporarily. The actual transaction price is subject to negotiation and detailed discussion. Affected by the fluctuation of upstream raw material phthalic acid price, the price increase of phthalic anhydride market is limited.

The downstream DOP market price is higher, the price of isooctanol is warmer and higher, the cost of DOP raw materials is higher, DOP enterprises operate at low load, and DOP manufacturers stock sales. The price of DOP increased, the equipment of PVC enterprises started to work normally, and the enthusiasm of customers for purchasing was temporarily stable. The price of plasticizer is rising. The market price of DOP is about 6500-6700 yuan / ton. The market price of plasticizer is generally active, high-speed charges are increased, and logistics and transportation costs are increased. It is expected that the market price of phthalic anhydride will rise slightly in the later period, supported by favorable downstream prices.

Aluminum market trend in April

According to the data of business agency, as of April 30, the average market price of domestic aluminum ingots was 12813.33 yuan / ton, up 11.16% from 11526.67 yuan / ton at the beginning of the month (April 1).

The first quarter surplus hit a slump

According to the data of business agency, as of March 30, the average market price of domestic aluminum ingots was 12793.33 yuan / ton, a decrease of 20.98% compared with 14553.33 yuan / ton at the beginning of the year (January 1), and 11230 yuan / ton compared with the average market price of the year (March 23), a decrease of 22.84%.

After the year, aluminum price plummeted, once falling below the industry average cost price. At present, the weighted cost of domestic electrolytic aluminum production is about 11800-12000 yuan / ton. (Rough weighted estimation, 1.93 tons of alumina, 0.48 tons of anode carbon block, 0.02 tons of aluminum fluoride, 0.01 tons of cryolite and 13500 degrees of power consumption per ton of aluminum)

Reasons for the collapse of Fundamentals:

1. Oversupply of global raw aluminum market from January to February

According to the monthly report data released by the world Bureau of Metal Statistics (WBMs) on Wednesday (April 22), there is a supply surplus of 684000 tons in the global primary aluminum market from January to February 2020, and 492000 tons in 2019.

According to the data from January to February 2020, the global primary aluminum production increased by 8% over the same period of last year. Although the global demand for raw aluminum from January to February 2020 is 10.4 million tons, an increase of 411000 tons compared with the same period in 2019.

2. Imbalance of domestic electrolytic aluminum supply and demand in the first quarter

From January to March 2020, China’s total production of electrolytic aluminum is 8.976 million tons, an increase of 4% year on year; the consumption of domestic electrolytic aluminum in the same period is 7.55 million tons, a decrease of 9% year on year.

In March, the output of electrolytic aluminum in China was 3.036 million tons, an increase of 1.9% year on year; among them, the output of metallurgical grade alumina was 5.434 million tons, and the daily average output of metallurgical grade alumina was 175300 tons, a decrease of 1.75% year on year.

3. Export volume of electrolytic aluminum decreased sharply in the first quarter

From January to March 2020, the export of unwrought aluminum and aluminum products reached 1.187 million tons, a year-on-year decrease of 17.5%. However, the export of raw alumina increased sharply. It is reported that the total export of alumina in the first quarter was 690000 tons, an increase of 433% year on year.

Production reduction, consumption rebound aluminum price out of the trough in April

In late March, the number of domestic centralized production reduction and maintenance enterprises began to increase, and some manufacturers avoided large losses through production reduction, shutdown and maintenance; in April, the price of electrolytic aluminum began to rebound, on the one hand, some new domestic production capacity was willing to reduce, and the time was slightly delayed; on the other hand, the impact of foreign epidemic was large, and some foreign aluminum enterprises were expected to strengthen production reduction.

The low price of aluminum ingots also ushered in a small peak of market consumption, and the inventory of aluminum ingots and rods fell. As of April 23, the social inventory of aluminum ingots decreased by 82000 tons to 1354000 tons compared with last Monday; the social inventory of 6063 aluminum ingots in Foshan, Wuxi, Nanchang, Changzhou and Huzhou decreased by 22500 tons compared with last week.

Future forecast

According to the historical price trend, the current price is not high. Although the price of raw materials in the industrial chain moves down synchronously, the cost support is still strong. In the second quarter, the domestic demand is expected to turn warm. In the later period, it is expected that the operation will be mainly stable and strong. It is expected that the operation will fluctuate in the range of 12500-13500 in May.

Recent influencing factors of aluminum price:

 
1. Policy information

Yunnan collection and storage expectation & real estate completion cycle and wire and cable industry are supported by policies.

2. Domestic downstream

Consumption of domestic automobile and home appliance industry.

3. Aluminum export

Wait and see the development of epidemic situation abroad.

According to statistics, the price trend of domestic hydrofluoric acid continued to decline this week. As of the end of the week, the price was 10010 yuan / ton, down 5.48% from 10590 yuan / ton at the beginning of the week, up 4.52% year on year.

Products: this week, the price trend of hydrofluoric acid continued to decline. In the near future, the on-site manufacturers’ delivery situation was not good, the domestic manufacturers’ equipment operation was stable, the domestic spot supply of hydrofluoric acid was sufficient, the downstream demand was low, and the price trend of hydrofluoric acid market continued to decline. In the near future, the price of raw material fluorite fell, the price of hydrofluoric acid market was affected to some extent, and the price of hydrofluoric acid in China fell. By the end of the week, the South China The mainstream of regional hydrofluoric acid negotiation is 9000-9500 yuan / ton, and the price of hydrofluoric acid in the northern market is 9000-10000 yuan / ton. In recent years, the price of domestic hydrofluoric acid market continues to decline. In recent years, the demand of downstream refrigerant industry is poor. The downstream refrigerant industry has strong resistance to high price raw materials. In addition, the downstream demand falls, the price of hydrofluoric acid market decreases, and the price of hydrofluoric acid Market continues to decline.

Industry chain: the price of fluorite in the upstream of hydrofluoric acid fell this week. By the end of the week, the factory price of fluorite was 2777.78 yuan / ton. The supply of domestic fluorite was sufficient, and the price trend of fluorite fell by 3.47%. The fall in the upstream cost price had a negative impact on the hydrofluoric acid market, and the affected price of hydrofluoric acid market fell. In recent years, the sales of the automobile industry has been in a downturn, and the market trend of downstream refrigerants of the terminal is poor. The demand for refrigerants continues to decline. In addition, due to the impact of international health events, the export has been greatly reduced, the domestic R22 supply is sufficient, the market price trend of domestic R22 refrigerants has dropped, the starting load of the manufacturer’s production units is still not high, the market supply of goods is normal, and the downstream air-conditioning manufacturers There are a lot of parking, little change in demand, coupled with the impact of foreign public health events, the export is blocked, the transaction center moves down, and the market is weak. The price mainstream of domestic large enterprises is 15000-18000 yuan / ton. The price trend of R134a market in China is declining, and the unit operation rate of production enterprises remains low. At present, the downstream operation is not high, and the demand for R134a is cold. In the near future, the procurement of downstream industry is not active, and the price drops slightly. The downstream demand is poor, and the price trend of hydrofluoric acid market is declining.

Industry: this week, the upstream raw material fluorite and hydrofluoric acid market has sufficient spot supply. In addition, the downstream refrigerant industry is not active in purchasing, and the price trend of hydrofluoric acid market continues to fall.

In the near future, the operating rate of domestic refrigerant units is at a low level. For the demand of hydrofluoric acid market, the demand for hydrofluoric acid is purchased on demand. The spot supply of hydrofluoric acid is sufficient in the field. In addition, the market price of raw material fluorite falls in the near future. Chen Ling, an analyst of hydrofluoric acid in the business agency, thinks that the market price of hydrofluoric acid may continue to fall next week.

1、 Price trend:

According to statistics, the trend of domestic p-xylene ex factory price this week is temporarily stable. The weekend average price is 4300 yuan / ton, which is the same as that at the beginning of the week, down 48.81% year on year.

2、 Market analysis:

Products: this week, the domestic market price trend of paraxylene is temporarily stable, the domestic PX operation rate is maintained at more than 70%, the operation of new 600000 ton Hongrun plant is stable, the operation of Huizhou refining and chemical plant is stable, the first line of Fuhai Chuang plant is started, the operation of Pengzhou petrochemical plant is stable, the operation of Yangzi Petrochemical PX plant is normal, the operation of Jinling Petrochemical plant is stable, the operation of Qingdao Lidong plant is full load, Qilu Petrochemical plant is installed The plant is stable in operation. The Urumqi petrochemical plant starts at about 50%, Hengli petrochemical plant is in normal operation, and the domestic p-xylene supply is normal. Due to the decline of crude oil price, the domestic p-xylene market price trend remains low. This week, the operating rate of PX plant in Asia is more than 70%, and the supply of PX in Asia is normal. The external price of PX fluctuates this week. As of the end of the week, the closing price of PX market in Asia is 449-451 US dollars / ton FOB South Korea and 469-471 us dollars / ton CFR China. Affected by the drop of international crude oil price, the external price of PX is slightly lower this week, and more than 40% of domestic products need to be imported , the decline of closing price of PX external market has a certain negative impact on the domestic market, and the domestic PX market price remains low.

Industry chain: the closing price of international crude oil fell this week. As of the 23rd, the settlement price of main contracts in WTI crude oil futures market in the United States was 16.50 yuan / barrel, and the settlement price of main contracts in Brent crude oil futures market was 24.79 USD / barrel. The price of International oil fell this week. Last week, US crude oil inventories jumped 15 million barrels to 516.6 million, about 9% higher than the five-year average. Analysts previously surveyed by the Wall Street Journal had expected crude oil inventories to increase by 13.8 million barrels compared with the previous week, and the domestic market price trend of p-xylene was temporarily stable. The price trend of PTA Market in the lower reaches of this week has declined. By the end of the week, the PTA Market in East China had been negotiated around 3200-3300 yuan. Recently, the starting load of PTA industry is 89%, far higher than the actual demand load of PTA corresponding to the current polyester operating rate. It is expected that the contradiction between PTA supply and demand will continue to increase in the later period, and the industry inventory will rise again. The cumulative export of China’s textiles and clothing will drop 17.7% year on year from January to March 2020 0%. The terminal weaving enterprises without orders have to stop production and have holidays. In recent years, Jiangsu and Zhejiang weaving enterprises have been operating at a low level around 55%, 14% lower than the peak after the year, and nearly 30% lower than last year. The downstream market is poor, and the market price of p-xylene has remained at a low level.

Industry: this week, the textile industry is in a poor situation, and the export market has been greatly hit. However, affected by the lower crude oil price, the market price trend of p-xylene is temporarily stable.

3、 Future forecast:

Chen Ling, an PX analyst at business club, thinks that the crude oil price will remain low in the near future, but the inventory of downstream textile enterprises is high, the operating rate of downstream textile industry is average, and the supply of domestic PX market is normal. It is expected that the PX market price will keep a small decline next week.

1、 Price trend chart of nitric acid Market

Nitric acid price curve

According to the monitoring of business agency, the average price of nitric acid in East China at the end of this week was 1500 yuan / ton, while the average price at the beginning of this week was 1516 yuan / ton, down 1.1%.

2、 Market analysis

Products: the price of concentrated nitric acid is weak, the quotation of Jiangsu Hongze Yinzhu Chemical Co., Ltd. is 1300-1400 yuan / ton, the same as that of last week; the quotation of Anhui Jinhe Chemical Co., Ltd. is 1350-1400 yuan / ton, the price is 50 yuan / ton lower than that of last week; the quotation of Shandong helitai Chemical Co., Ltd. is 1700 yuan / ton, the same as that of last week; the trading of nitric acid market is weak.

Industry chain: upstream liquid ammonia, this week (4.20-23), the domestic liquid ammonia market fell slightly, most manufacturers reported stable, some manufacturers were affected by inventory pressure, slightly reduced the price, there was a downward movement in the middle of the week, the range was 50-100 yuan / ton; downstream aniline, this week’s price downward.

3、 Future forecast

To sum up, negative factors hit, business analysts expect to continue weak operation.

1、 Price trend

According to the data of the large scale list of business agencies, the domestic xylene market price continued to rebound this week. As of Friday, the domestic average price was about 3710 yuan / ton, up 6.92% on last week.

2、 Analysis and comment

1. Product: the short-term international crude oil supply exceeds the demand. This week, the oil price hit the bottom again. However, with the increasing rate of domestic economic commencement and resumption, the domestic xylene price trend this week is good. At present, the mainstream price in East China is about 3750 yuan / ton.

2. Industrial chain:

Upstream, in terms of crude oil, OPEC +, the world’s major oil producer, reached a historic production reduction agreement. In the long run, OPEC + is conducive to the balance of supply and demand in the crude oil market. However, in the short term, it is not enough to offset the impact of the continuous spread of overseas epidemics on the global economy, resulting in a sharp decrease in the demand for petroleum products such as gasoline, diesel oil and aviation oil, leading to another shock and bottoming out of oil prices this week. As of early Friday morning, spot Brent fell 20.54%, Brent futures fell 16.67%, WTI futures fell 11.42%, and Dubai futures fell 15.67%.

Downstream, in PX market, this week, the price of domestic Sinopec’s enterprises is about 4300 yuan / ton, and the latest price on the outside market is about 453 US dollars / ton for FOB South Korea and 471 US dollars / ton for CFR China. It is expected that PX market price will maintain a stable trend next week. In terms of PTA market, the price of domestic PTA spot market is about 3350 yuan / ton, and the price of external market is about 420 US dollars / ton CFR China. It is expected that PTA price will keep stable next week. In the ox market, Sinopec’s o-benzene quotation is stable, with the price of 4200 yuan / ton. The external price of o-benzene is about 455 US dollars / ton FOB South Korea. It is expected that the price of o-benzene will fluctuate slightly next week.

3、 Future forecast

According to xylene analysts of the chemical branch of the business society, in the short term, the supply cost is too high, the international crude oil supply exceeds the demand, and the overall trend of the oil price is weak, or it will be shaken to the bottom. In the medium term, we can see the demand side, the inflection point of overseas epidemic and the progress of economic restart. Next week, we will continue to focus on the impact of the continued spread of the overseas epidemic on the global economic recession, the trend of international crude oil and the progress of the resumption of construction of domestic downstream enterprises. Overall, xylene prices in the domestic market are expected to fluctuate slightly next week.

1、 Price trend

According to the price monitoring of the business agency, the average price of the mainstream manufacturers on April 20 was 17000 yuan / ton, down 1.92% compared with the average price of 17333.33 yuan / ton on Monday (13th). On April 19, the R22 commodity index was 104.00, unchanged from yesterday, down 6.31% from 111.00 (2020-02-24), the highest point in the cycle, and up 24.70% from 83.40, the lowest point on October 14, 2019. (Note: cycle refers to 2019-09-01 till now)

2、 Market analysis

Product: R22 market of refrigerant market is not good recently. The price of hydrofluoric acid at the raw material end fell, the support for refrigerant R22 weakened, foreign special events were serious, the export of refrigerant terminal was not smooth, and it was mainly supplied to the domestic market. However, the domestic air conditioning industry started at a low level, and the demand for after-sales maintenance was weak. Overall, the domestic and foreign demand was lower than expected. At present, the refrigerant R22 manufacturer’s load is reduced, the inventory is in a reasonable range, and the price is under pressure due to the drag of demand, while the situation of market price or not appears. According to the price monitoring of the business agency, as of April 20, the average price of refrigerant R22 is around 17000 yuan / ton, and the quotation is mostly around 15000 yuan / ton – 19000 yuan / ton, so the firm offer is relatively low.

Industry chain: Recently, the price trend of domestic hydrofluoric acid market has fallen. The enterprise reflects that the current spot supply of hydrofluoric acid is sufficient. Due to the impact of public health events, the downstream demand is reduced. The recent market of hydrofluoric acid in the field is poor. Due to the poor downstream demand, the market price trend of hydrofluoric acid is declining. With sufficient supply of fluorite and poor downstream demand, the business community believes that the market price of hydrofluoric acid may be slightly lower. At present, the start-up situation of chloroform production enterprises has been increasing, the downstream market demand has not improved, the enterprise inventory pressure is gradually increasing, and it is expected to be weak in a short period of time.

Industry: according to the price monitoring of the business agency, in the 15th week of 2020 (4.13-4.17), there are 38 kinds of commodities rising month by month in the list of commodity prices in the chemical industry sector, among which 14 kinds of commodities rising by more than 5%, accounting for 15.7% of the number of commodities monitored in the sector; the top three commodities are acrylic acid (25.40%), maleic anhydride (19.02%) and crude benzene (15.55%). There are 21 kinds of goods falling on a month on month basis, with 8 kinds of goods falling by more than 5%, accounting for 9% of the number of goods monitored in the sector; the top three products falling are propylene (- 34.79%), propylene oxide (- 13.77%) and propane (- 11.46%). This week’s average was up or down 1.02%.

3、 Future forecast

According to the refrigerant analyst of business club, at present, the raw material end of refrigerant R22 is declining, the demand is weak, and the price is under pressure, while the situation of whether the market has price or not appears. It is expected that R22 will remain weak and stable in the short term, with a risk of falling.

1、 Price trend

According to the monitoring of bulk data of business agency, the mainstream price of styrene in China fell this week. According to the data of business agency, the price of sample enterprises on Monday (April 13) was 5400.00 yuan / ton, and the price of sample enterprises on Friday (April 17) was 5150.00 yuan / ton, down 4.63%, 37.07% compared with the same period last year.

2、 Market analysis

Products:

Styrene market prices fell this week. On April 13, East China styrene closed at 5400 yuan / ton, and on April 17, it closed at 5150 yuan / ton, down 250 yuan / ton. The above price is Zhangjiagang’s export price. On April 13, South China styrene closed at 5300 yuan / ton, and on April 17, it closed near 5100 yuan / ton, down 200 yuan / ton. The delivery price of the above factories. Styrene in this port is lower than that in the earlier stage, and the port inventory is further digested. However, the operation rate of domestic styrene plants has not changed much and the supply is relatively stable. However, due to the low price of styrene in the early stage, downstream and traders have certain inventory, the demand for styrene will be weakened in the short term.

Industrial chain:

Upstream, crude oil prices fell sharply this week, down 11.63%. The price of pure benzene continued to rise slightly, up 3.4%. Ethylene rose first and then fell slightly, down 1.21%. However, the downstream side failed to continue the strong upward trend of last week, with PS slightly down 0.86%, EPS stable and ABS slightly up 1.37%. The operating rate of downstream enterprises increased slightly compared with last week, but the downstream factories have relatively stable stock of styrene, and the space for the subsequent operating rate of the factory is limited, which has limited positive impact on styrene.

Industry:

As a whole, the styrene market price fell this week, and the rising sentiment in the market dissipated. Most domestic enterprises reduced prices and promoted sales, and kept stable shipment. Downstream enterprises focused on just need to take goods, and the wait-and-see increased. Some of the market’s shippers made profits, and the market was full of bad news. At present, the market temporarily fell slightly.

3、 Future outlook

This week, the international oil price and energy continued to fall. In the short term, the price of styrene mainly fell, following the trend of international oil price. The market should pay more attention to the guidance of the trend of external market and bulk futures to the market.

1、 Price trend

According to the price monitoring of the business agency, the average price of the mainstream manufacturers on April 10 was 17833.33 yuan / ton, which was 18333.33 yuan / ton compared with the average price at the beginning of the week (6 days). This week’s market was weak and stable. On April 12, the R22 commodity index was 107.00, unchanged from yesterday, 3.60% lower than the highest point in the cycle, 111.00 (2020-02-24), and 28.30% higher than the lowest point, 83.40, on October 14, 2019. (Note: cycle refers to 2019-09-01 till now)

2、 Market analysis

Product: R22 in refrigerant market runs steadily this week. In the near future, the domestic terminal air conditioning has not been fully restored to work, the driving position is low, and the demand for refrigerants is not high. The market of hydrofluoric acid and chloroform at the raw material end is generally weak, which weakens the support for refrigerant R22 and moves down the market transaction center. However, most manufacturers have a strong sense of price support, and the overall market of refrigerant R22 is weak. According to the price monitoring of the business agency, as of April 10, the average price of refrigerant R22 is around 17833.33 yuan / ton, and the quotation is mostly concentrated around 17000 yuan / ton – 19000 yuan / ton, so the firm offer is negotiated.

Industry chain: this week, the price trend of hydrofluoric acid slightly declined. In recent years, the on-site manufacturers are not in good condition, some domestic manufacturers are restarted, the domestic spot supply of hydrofluoric acid is sufficient, the downstream demand is low, and the price trend of hydrofluoric acid market continues to decline. In recent years, the price of raw material fluorite has declined, the price of hydrofluoric acid market has been affected to some extent, and the price of hydrofluoric acid in China has declined. By the end of the week, the southern region The mainstream of hydrofluoric acid negotiation in the district is 9000-10500 yuan / ton, and the price of hydrofluoric acid in the northern market is 9500-11000 yuan / ton.

Industry: according to the price monitoring of the business agency, in the 14th week of 2020 (4.6-4.10), there are 28 kinds of commodities in the list of commodity price rise and fall in the chemical industry sector, including 13 kinds of commodities with an increase of more than 5%, accounting for 14.9% of the number of commodities monitored in the sector; the top three commodities are pure benzene (21.34%), crude benzene (20.34%) and acetone (15.79%). There are 28 kinds of commodities falling on a month on month basis, with 5 kinds of commodities falling by more than 5%, accounting for 5.7% of the number of commodities monitored in the sector; the top three products falling are ethylene (- 11.31%), butadiene (- 10.19%) and aniline (- 5.63%). This week’s average was up or down 1.05%.

3、 Future forecast

According to the refrigerant analyst of business club, at present, the market supply of refrigerant R22 is slightly loose, the downstream demand starts slowly, and the transaction focus moves down. It is expected that the refrigerant R22 will still be weak and stable in the short term.

1、 Price trend of propylene oxide:

(Figure: P value curve of propylene oxide product)

2、 Market analysis:

Product: the average price of propylene oxide enterprises as of the 13th was 9200 yuan / ton, up 21.05% compared with that of last Friday (April 10), according to the data in the bulk list of business agencies. On the 13th, the main quotation of propylene oxide Market in East China was around 8400-8600 yuan / ton, and that in Shandong was around 9400-9600 yuan / ton. On April 13, the propylene oxide commodity index was 57.26, up 9.96 points from yesterday, down 43.41% from 101.18 (2011-10-26), the highest point in the cycle, and up 37.31% from 41.70, the lowest point on January 25, 2016. (Note: cycle refers to 2011-09-01 to now)

Industrial chain: on April 13, the market price of propylene in Shandong Province was generally stable, and some enterprises increased sharply to make up the increase trend, but most of them are mainly stable today. Last month, the price of propylene in Shandong Province fell in shock. At the end of the month, it fell sharply again, with a monthly decline of more than 15%. On the first day, the price continued to decline by 100-200 yuan / ton, on the second day, it still declined by 50 yuan / ton, on the third day, the price of some enterprises slightly increased by 50-100 yuan / ton, after the Qingming period, the price of propylene steadily increased, on the seventh day, it began to rise by 100 yuan / ton, on the tenth day, it rose by 200-300 yuan / ton, and on the 11th day of Saturday, it was generally increased by more than 1000 yuan / ton, on the 12th day of Sunday, it continued to soar by 1000-5000 yuan / ton, on Monday After the sharp rise on weekends, the market may need to be digested, and the price remained unchanged on the 13th. Some of the companies with the sharp rise suspended their quotation today, and now the market transaction is still between 8000-12000 yuan / ton. On the 13th, the downstream polyether market, under the pressure of cost, was based on rational wait-and-see, waiting for market correction.

Industry: according to the price monitoring of the business agency, on April 13, 2020, in the list of commodity prices, there are 26 kinds of commodities in the chemical sector, including 9 kinds of commodities with an increase rate of more than 5%, accounting for 10.3% of the number of commodities monitored in the sector; the top three commodities are propylene (58.56%), acetone (27.27%) and propane (24.94%). There are 13 kinds of commodities falling on a month on month basis, with 2 kinds of commodities falling by more than 5%, accounting for 2.3% of the number of commodities monitored in the sector; the top 3 products falling are butadiene (- 8.62%), hydrogen peroxide (- 6.64%), and R22 (- 2.80%). This day, the average rise and fall was 2.13%.

3、 Future forecast:

According to the propylene oxide analyst of the business club, the raw material propylene has skyrocketed, the cost of propylene oxide plant is under pressure, some plant units have load reduction, downstream end users are all in conflict with high price raw materials, the actual trading is slow, and there is a strong wait-and-see atmosphere in the field. It is expected that in the short term, the propylene oxide market will be dominated by wait-and-see consolidation, and more attention should be paid to market news guidance.

1、 Price trend

According to the data of business agency, as of April 13, the average price of n-butanol was 5216 yuan / ton (including tax). Compared with the previous day (reference price 4516 yuan / ton on April 12), it increased by 700 yuan / ton, or more than 15%.

2、 Market analysis

Product: after the Qingming Festival in April, the domestic market of n-butanol has been steadily rising. The price of raw material propylene has been greatly increased at the end of last week, boosted by its strong support. During the weekend, the price of n-butanol has been greatly increased. At present, the load of many manufacturers is low, and the inventory of mainstream manufacturers has been significantly reduced. Affected by the surge of raw materials, the cost of manufacturers has increased and the pressure has increased. It is heard that some manufacturers have production reduction or parking plans At present, the supply of goods in the market is tight, and the situation of reluctant to sell is obvious. Some large factories in Shandong are waiting for the closing. At present, a small number of downstream replenishment mentality is positive, some of the downstream hold a wait-and-see attitude, and the overall market trading atmosphere is warmer than before. As of April 14, the reference quotation of n-butanol market in South China has risen to 6000-6400 yuan / ton, and that in Northwest China has reached 6250 yuan / ton. The quotation of n-butanol in North China of Wanhua Chemical Co., Ltd. is 6000 yuan / ton, that of n-butanol in East China is 6200 yuan / ton, and that of n-butanol in South China of Wanhua Chemical Co., Ltd. is 6400 yuan / ton. Compared with last week, the price of each region is up to 1500 yuan / ton.

Industrial chain: since April 3, the price of propylene has continued to rise. On the one hand, affected by the international situation, many countries have introduced production reduction policies to improve the crude oil market and increase the price of propylene. On the other hand, due to the impact of public health events, the price of melt blown cloth has skyrocketed, and its raw materials are mostly favorable. The modified special materials in PP are melt blown cloth raw materials, with obvious price rise. Now, PP futures continue to rise, and Friday’s trading market appears, which is of great benefit to propylene price. On April 12, the market price of propylene in the eastern region continued to soar. Once again, the daily price hike was generally over 1000 yuan / ton, an increase of 35.02%. Some enterprises even soared 5000 yuan / ton, an increase of nearly 100%. Last month, the price of propylene in Shandong Province fell in shock. At the end of the month, it fell sharply again, with a monthly decline of more than 15%. On the first day, the price continued to decline by 100-200 yuan / ton, and on the second day, it still declined by 50 yuan / ton. On the third day, the price of some enterprises increased by 50-100 yuan / ton. After the Qing Dynasty, the price of propylene increased steadily. On the seventh day, the price of propylene increased by 100 yuan / ton every day, and on the tenth day, it increased by 200-300 yuan / ton. On the 11th day of Saturday, the price of propylene increased by more than 1000 yuan / ton. On the 12th day of Sunday, it continued to soar by 1000-5000 yuan / ton. The market The deal has soared to 8000-12000 yuan / ton, and some manufacturers have suspended their offers. The upstream production reduction is good, the downstream procurement enthusiasm is good and the raw materials are in short supply. It is expected that the propylene price will still have a significant upward adjustment in recent days.

3、 Future forecast

Analysts of n-butanol, a business club, believe that due to the impact of the surge in raw propylene, it is expected that the focus of the domestic n-butanol market will be high and strong in recent days.

1、 Price trend

According to the data of business agency, as of April 10, the average price of n-butanol was 4483 yuan / ton (including tax). At present, compared with the reference price of 4300 yuan / ton a week ago, the reference average price has increased 183 yuan / ton, a decline of more than 4.26%.

2、 Market analysis

Products: since the beginning of April, the domestic n-butanol market has been in stable operation at a low level, and the market focus has not been shifted down. More orders are processed in the early stage, and new orders are generally closed before the festival. With the impact of the decline of propylene market, the purchasing atmosphere in the downstream market before the Qingming Festival slowed down, and more purchases are made on demand, mainly digesting raw materials in stock. After the Qingming Festival, the trading atmosphere in the n-butanol market has increased, the enthusiasm of downstream butyl users for purchasing low-cost goods in the market has slightly increased, and the sharp rise in the price of raw propylene has given the industry firm confidence in raising the price. This week, several large-scale companies in Shandong Province of n-butanol began to offer higher prices one after another. On the 10th of the 9th, downstream customers began to purchase in bulk, with more inquiries and stronger quotations from the spot market. Up to now (April 10), the market price of n-butanol in South China has been raised, and the ex factory quotation is about 4800-4900 yuan / ton; the market price of n-butanol in East China is stable, and the ex factory quotation is about 4700-4800 yuan / ton; the ex factory quotation of n-butanol in North China of Wanhua chemical is about 4500 yuan / ton, which is 200 yuan / ton higher than that before the festival, and the ex factory quotation of n-butanol in East China is about 4700 yuan / ton, The ex factory price of n-butanol in South China is 4900 yuan / ton, which is 200 yuan / ton higher than that before the festival; the ex factory price of n-butanol in Luxi Chemical Industry is 4750 yuan / ton, which is 250 yuan / ton higher than that before the festival.

Industrial chain: on April 9, the market price of propylene in Shandong Province rose steadily. Last month, the price of propylene in Shandong Province fell in shock. At the end of the month, it fell sharply again, with a monthly decline of more than 15%. On the first day, the price continued to decline by 100-200 yuan / ton. On the second day, it still declined by 50 yuan / ton. On the third day, the price of some enterprises increased by 50-100 yuan / ton. After the Qing Dynasty, the price of propylene increased steadily. On the seventh day, the price began to rise by 100 yuan / ton. At present, the market transaction has risen to 5700-5800 yuan / ton, and the mainstream price is about 5700 yuan / ton. Affected by the international situation, the international crude oil market last month repeatedly reported new lows, but the market continued to rise after a sharp fluctuation on the 2nd. Now, many countries may introduce production reduction policies to improve the crude oil market and increase the propylene price. In addition, PP futures rose significantly, and the downstream procurement enthusiasm is good. It is expected that propylene prices will continue to rise in recent days.

3、 Future forecast

According to analysts of n-butanol, the domestic market of n-butanol is affected by factors such as rising raw materials and gradual recovery of downstream demand. Therefore, it is expected that the market of n-butanol will continue to play a steady role in the near future.

1、 Price trend

Domestic methanol market rebounded and began to rise. According to the price monitoring of business agency, the average price of domestic methanol market on April 1 was 1600 yuan / ton, and the price of domestic methanol market on April 8 was 1715 yuan / ton, an increase of 7.19%. Compared with the same period last month, the price fell 13.38% month on month and 29.37% year on year.

2、 Market analysis

Products: the international oil price has been revised back again, and some MTOs have been overhauled. The attitude of the operators is different. Some upstream enterprises in Shaanxi and Mongolia raised their selling prices to 1450 or above, and some downstream buyers were cautious. Methanol market in North China rose and trading was fair. Shandong central Shandong Province delivered 30-50 yuan / ton at 1660-1710 yuan / ton, and Lunan reported an increase of 60-70 yuan / ton to 1630 yuan / ton near cash exchange, with higher plate surface, as well as load reduction or planned shutdown of some devices, the mentality of the operators was supported. Methanol market in Northwest China rose with a good trading atmosphere. The northwest region did not issue the guidance price this week, and some factories in the north line of Inner Mongolia reported to increase to 1460 yuan / ton ex factory spot exchange, and the shipment was to be observed.

Industry chain: formaldehyde: the domestic formaldehyde market is rising steadily, with an increase of 50-80 yuan / ton. The main production area of upstream methanol market delivered good products last week, and the price continued to rise this week. In the upstream methanol one after another, driven by the upward trend, the formaldehyde market has gradually strengthened the atmosphere. In Shandong Province, some enterprises carry out short-term safety inspection, and their inventory is limited. The atmosphere of on-site trading is still general, and the buying mood is slightly rational.

Acetic acid: the decline of domestic acetic acid market continued. During the holiday period, spot manufacturers continued to adjust prices, driving the market to trade lower today. At present, the domestic acetic acid plant production is stable, the stock quantity of each manufacturer is high, the market demand continues to be rational, the situation that the supply exceeds the demand in acetic acid market is bad is difficult to ease, and the market is in a passive stage of weak continuation.

Dimethyl ether: the price of domestic dimethyl ether is stable and bullish, and the price of main production areas is rising obviously. At present, the quotation in Henan Province is 2590-3000 yuan / ton, and the terminal purchase mentality is relatively positive. In recent days, crude oil prices rebounded, providing support for LPG prices. After the terminal continued to wait and see, there was a certain demand for replenishment. However, xinlianxin and BMW’s low-load production led to a decrease in market supply, resulting in a situation in which some enterprises’ supply of goods fell short of demand. The price of dimethyl ether was stable and hard, and the prices in Henan’s main production areas were increased in varying degrees.

3、 Future forecast

Business club point of view: on the positive side, the domestic methanol price continued to fall, some of which fell to the cost line, and some of the factories have lost money. The inventory pressure of most factories in the main production area is not large, and the purchase of purchased olefins is relatively considerable. On the negative side, overseas public security incidents triggered market concerns. The trend of international crude oil, finance and stock market was weak, and market participants were worried about it. Port demand was limited, and the arrival of inventory was stable, but the unloading speed was slow due to the shortage of storage capacity. After Iran’s gas limit was eased, methanol production increased, and it is expected to arrive in China in early April. There is still a relatively centralized plan for import cargo, and the port tank capacity is too tight, so it is not ruled out that some cargo may arrive later. The methanol analysts of the business agency expect that the domestic methanol market will rebound slightly in the short term, and the port will tend to be weak and volatile.

According to statistics, the price trend of domestic hydrofluoric acid fell sharply this week. As of the end of the week, the price was 10850 yuan / ton, down 5.82% from 11520 yuan / ton at the beginning of the week, up 4.24% year on year.

Products: this week, the price trend of hydrofluoric acid dropped sharply. In the near future, the on-site manufacturers are in poor condition. Some domestic manufacturers are restarted. The domestic spot supply of hydrofluoric acid is sufficient, the purchasing demand is low, and the price trend of hydrofluoric acid market is falling. In the near future, the price of raw material fluorite is falling. The market price of hydrofluoric acid is affected to some extent, and the price trend of domestic hydrofluoric acid is falling. By the end of the week, the southern region The mainstream of hydrofluoric acid negotiation is 9500-10500 yuan / ton, and the price of hydrofluoric acid in the northern market is 10000-11000 yuan / ton. In recent years, the price of hydrofluoric acid Market in China has declined. In recent years, the demand of downstream refrigerant industry is relatively poor. The downstream refrigerant industry has strong resistance to high price raw materials. In addition, the demand of downstream has dropped significantly. The price of hydrofluoric acid market has decreased, and the price of hydrofluoric acid market has dropped significantly.

Industry chain: the price of fluorite in the upstream of hydrofluoric acid fell sharply this week. By the end of the week, the factory price of fluorite was 3155.56 yuan / ton. The domestic supply of fluorite was sufficient, and the price trend of fluorite fell by 4.05%. The fall of upstream cost price had a negative impact on the hydrofluoric acid market, and the affected price of hydrofluoric acid market fell. In recent years, the sales of automobile industry has been in a downturn, the market trend of refrigerant downstream of the terminal is poor, the demand for refrigerant has been declining, the domestic R22 supply is sufficient, the domestic market price trend of refrigerant R22 has fallen, the starting load of the manufacturer’s production device is still not high, the supply of goods in the market is normal, the downstream air-conditioning manufacturer stops more, and the demand changes little, in addition to foreign public health affairs The main price of domestic large enterprises is 16000-18000 yuan / ton. The price trend of R134a market in China is declining, and the unit operation rate of production enterprises remains low. At present, the downstream operation is not high, and the demand for R134a is cold. In the near future, the downstream industry purchase is not active, and the price drops slightly. The downstream demand is poor, and the price trend of hydrofluoric acid market drops sharply.

Industry: this week, the upstream raw material fluorite and hydrofluoric acid market has sufficient spot supply. In addition, the downstream refrigerant industry is not active in purchasing, and the price trend of hydrofluoric acid market has dropped.

In the near future, the operating rate of domestic refrigerant units is at a low level. For the demand of hydrofluoric acid market, the demand for hydrofluoric acid is purchased on demand. The spot supply of hydrofluoric acid is sufficient in the field. In addition, the market price of raw material fluorite falls in the near future. Chen Ling, an analyst of hydrofluoric acid in the business agency, thinks that the market price of hydrofluoric acid may continue to fall next week.

1、 Price trend

Price: the mainstream price of GPPS is 7100-8800 yuan / ton, and the mainstream price of HIPS is 8300-10200 yuan / ton.

2、 Market analysis

PS market trend was light, with some quotations down. At present, the downstream continues to purchase on demand, and the overall market trading performance is poor. Businesses are short of the market, and the actual operation is more stable and lower.

3、 Future forecast

PS market is generally stable, downstream buyers demand is not high, in the case of low shipments, adhere to short-term prudent operation. On the other hand, due to the continuous reduction of some petrochemical ex factory offers, the support of the spot market is insufficient. PS market is still expected to adjust downward.

1、 Price trend

According to the data of the commodity list of the business association, the average price of formaldehyde in Shandong Province on March 30 was 956.67 yuan / ton, and the average price of formaldehyde in Shandong Province on April 2 was 860.00 yuan / ton, down 10.10%. The current price is down 44.52% year on year.

2、 Market analysis

Products: Recently, the price of formaldehyde in the domestic market has fallen. As of April 2, the main factory quotation in Hebei is about 835 yuan / ton, that in Shandong is 775 yuan / ton, and that in Jiangsu is 1100 yuan / ton. The annual output of 120000 tons formaldehyde plant in Linyi Yinhe, Shandong Province has been restarted, with the formaldehyde content of 36.7-37%. Linyi Jinyuan Chemical Co., Ltd. has two formaldehyde production lines with an annual production capacity of 80000 tons and formaldehyde content of 37%, which have been restarted. The formaldehyde market has sufficient supply of goods, and the trading atmosphere is light. Formaldehyde manufacturers are actively selling goods, and the price continues to fall.

Industry chain: upstream methanol situation: domestic methanol price continues to decline, part of which falls near the cost line, and some factories have lost money; most factories in the main production area have little inventory pressure, which has been tentatively pushed up in the near future. Due to the impact of public health events on the demand in the downstream market, although it is close to Qingming, there is no hoarding. The procurement is mainly on demand and the overall transaction is light. Formaldehyde enterprises have lowered their prices, and the market has declined all the way.

3、 Future forecast

Recently, the upstream methanol fell to a low level and the cost side fell. In addition, the demand of the downstream plate enterprises was poor, and the market transaction was light. Therefore, the formaldehyde analyst of the chemical branch of the business society predicted that the domestic formaldehyde price or low level consolidation was the main trend in the near future.

On March 31, the domestic polysilicon market was weak and stable, and the price of polycrystalline dense materials maintained the price level of the previous trading day, which was affected by the epidemic. In terms of supply, the operation rate of the manufacturer is on the high side. As of March 31, there are 1 domestic polysilicon manufacturer for load reduction operation and 1 maintenance manufacturer, mainly for stable supply. In terms of downstream demand, the purchase demand is further shrinking, and the export orders of components are significantly shrinking, so the market price at the end of the month is still low, and the market mostly implements the previous order price. According to the monitoring of the business agency, the main domestic transaction price of polysilicon with the model of primary solar material is 53000-55000 yuan / ton.

In the future, the business community believes that at present, the supply and demand of polysilicon is stable, and the lack of demand in the later period may lead to the increase of supply pressure. On the one hand, the domestic enterprises gradually resume work, and the downstream operation rate slightly increases. The domestic enterprises maintain a high operation rate, but the demand side faces a high risk. If the export of polysilicon downstream components is affected to some extent, the overseas epidemic trend is increasingly severe, and in the future The export will still bring many challenges. It is expected that polysilicon will still be weak in the near future, with little possibility of rebound.

According to statistics, in March, the price trend of domestic hydrofluoric acid was “first to improve, then to suppress”. At the beginning of the month, the price rose, but at the end of the month, the market price of hydrofluoric acid fell. As of the end of the month, the price was 11320 yuan / ton, 1.98% higher than the price trend of 11100 yuan / ton at the beginning of the month, 5.06% higher than the same period last year.

Products: in March, the price trend of hydrofluoric acid slightly increased, the price trend was first improved, then suppressed, and the price rose at the beginning of the month, but at the end of the month, the market price of hydrofluoric acid fell. Overall, the market price of hydrofluoric acid still rose. In the near future, the stock supply of hydrofluoric acid in China is normal, but the demand of downstream refrigerant industry is poor, and the market price of hydrofluoric acid surged The price of hydrofluoric acid market was affected by certain negative effects due to the fall of raw material fluorite price. By the end of March, the price of hydrofluoric acid in southern China had declined. By the end of the month, the mainstream of hydrofluoric acid negotiation was 10000-11500 yuan / ton, and the price of hydrofluoric acid in northern China was 10000-11000 yuan / ton. Recently, the price of hydrofluoric acid in the domestic market surged and fell. In the near future, the downstream refrigerant industry purchased on demand, and the hydrofluoric acid manufacturers shipped generally. Some manufacturers reported that the price had a downward trend in the near future. By the end of the month, the mainstream of hydrofluoric acid negotiation in Fujian Province was about 10000-11000 yuan / ton, that in Shandong Province was 10500-11500 yuan / ton, that in Jiangxi Province was 10500-11500 yuan / ton, and that in Inner Mongolia was 9500-10500 yuan / ton. As a whole, the market price of hydrofluoric acid rose slightly in March.

Industry chain: in March, the price of fluorite in the upstream of hydrofluoric acid increased slightly. As of the end of the month, the ex factory price of fluorite was 3266.67 yuan / ton, with an increase of 4.26% in March. The supply of domestic fluorite was normal, and the price of fluorite still increased. The increase of upstream cost price had a certain impact on the cost support of hydrofluoric acid market, and the price of hydrofluoric acid stone increased slightly. In the near future, the trading trend of the downstream refrigerant market of the terminal is temporarily stable. At present, the domestic R22 supply is normal, the domestic R22 market price trend is temporarily stable, the starting load of the manufacturer’s production device is still not high, the market supply of goods is general, the downstream air conditioning manufacturer stops more, the demand changes little, and the price mainstream of the domestic large enterprises maintains the level of 16000-18000 yuan / ton. The price trend of domestic R134a market is temporarily stable, and the unit operation rate of production enterprises remains at a low level. At present, the downstream operation is not high, and the demand for R134a is general. Recently, the downstream industry is in a strong mood of resisting high prices, which has affected the price of domestic hydrofluoric acid market at the end of the month. However, in the first ten days of March, the price of hydrofluoric acid rose by a large margin. In a comprehensive view, the price trend of hydrofluoric acid market rose by a small margin.

Industry: in March, the spot supply of upstream raw materials fluorite and hydrofluoric acid market was normal. In addition, the downstream refrigerant industry purchased on demand, the price trend of hydrofluoric acid market rose slightly.

In the near future, the operation rate of domestic refrigerant units has remained low, and the demand for hydrofluoric acid market is on demand. The downstream has strong sentiment of resisting high price raw materials, and the price of fluorite is slightly lower. Chen Ling, an hydrofluoric acid analyst at the business association, thinks that the market price of hydrofluoric acid may fall in April.

According to the monitoring of the business agency, the current price of activated carbon is 11150 yuan / ton, which is temporarily stable.

Products: the price of domestic activated carbon is stable temporarily. At present, the ex factory price of activated carbon for coconut water purification in East China is about 7000-12000 yuan / ton. The domestic activated carbon market orders on demand, and it will take time for the market to recover.

Industry chain: the cost pressure of coconut shell, fruit shell, charcoal and other main raw materials in the upstream of activated carbon is supported, and the demand is acceptable; the cost support of coal-based carbon raw materials is weak. Downstream power, medicine and other demand industries purchase goods according to the single order. The market for purchasing activated carbon for air purification and water purification is favorable. Environmental protection policies boost the activated carbon market. The market lacks good news support, and the price is temporarily stable.

Forecast: the market of activated carbon will go according to the order, and it is expected that the short-term market of activated carbon will be dominated by weak operation.

1、 Price trend

Take the rutile titanium dioxide produced by sulfuric acid process, which has a large volume of goods in the domestic market, for example. According to the data in the bulk list of business agencies, the price of titanium dioxide is stable this week, with an average price of 15733.33 yuan / ton

2、 Market analysis

Product: the market price of titanium dioxide this week is generally stable. This week, international giants tenor and Como also sent letters to raise prices. Due to the severe situation of the international epidemic, the export of titanium dioxide will be affected, and the demand after the execution of previous orders has been partially contracted. But on the whole, the order receiving situation of enterprises in March is much better than that of last month, and the market inventory pressure is not big. At present, the factory price of rutile titanium dioxide, anatase titanium dioxide and chlorination titanium dioxide is 14900-16300 yuan / ton, 12300-14000 yuan / ton and 17500-21000 yuan / ton respectively.

Industry chain: the price of titanium concentrate in Panxi fell this week. Due to the substantial increase in the operating rate, the market supply has increased significantly, and the actual single price of some medium and concentrate suppliers has been reduced. The price of 38 titanium ore is 890-980 yuan / ton, 46, 10 titanium ore is 1500-1550 yuan / ton, 47, 20 titanium ore is 1500-1550 yuan / ton. According to analysts of titanium concentrate of business association, as the market starts to go higher, the market supply tension is eased, and the actual single price operation of miners is more flexible. In the short term, the real price of titanium concentrate will be weak and stable.

3、 Future forecast

Titanium dioxide analysts believe that: this week domestic titanium dioxide market price stability. Under the influence of international forms, the influence on the export market in the later period will gradually appear. At present, the domestic market situation has improved, the operating rate of downstream enterprises has obviously rebounded, and the domestic demand inquiry has increased. In the short term, when the stock pressure in the market is not great, the actual price of the goods holder may continue to be firm and stable, and the actual transaction price is dominated by a single negotiation.

1、 Price trend

According to commodity data monitoring, the price of Yungui yellow phosphorus fell this week. The average price of yellow phosphorus at the beginning of the week was 17566.67 yuan / ton, and the average price at the end of the week was 17266.67 yuan / ton. The price fell within the week by 1.71%.

2、 Market analysis

Product: yellow phosphorus market price fell this week. At present, the operating rate of yellow phosphorus market has slightly increased, and the market has increased. However, the enthusiasm of downstream construction is still not high, the market purchase is not warm, and the price of yellow phosphorus is slowly declining. At present, the main quotation of yellow phosphorus in Yunnan is about 17000 yuan / ton. The price in Guizhou is about 17000 yuan / ton. The quotation in Sichuan is about 17800 yuan / ton. The overall market performance is poor, the downstream procurement is more cautious, and the traders mainly wait and see.

Industry chain: upstream, phosphorus ore market fluctuated slightly this week, with overall stable operation as the main factor. At present, the phosphate ore market in Guizhou has basically recovered, but the operating rate of production enterprises is not high, and the production with low and medium load is mainly for self use. It is expected that the phosphorus ore market will remain weak and stable in recent days. Panzhihua coke (secondary metallurgical coke) market price, the mainstream price in 1830 yuan / ton, is expected to maintain stability in the short term. Downstream, the phosphoric acid market is still not improving, and the price of phosphoric acid in Yunnan, Guangxi and other places has been reduced. Phosphate Market operation rate is not high, enterprises temporarily wait and see the market, the current order contract based.

3、 Future forecast

According to the yellow phosphorus analyst of the chemical branch of business society, the yellow phosphorus market price fell this week, the overall market of yellow phosphorus was light, and the downstream demand was insufficient, so it was difficult to form a strong support for the market. It is expected that the weak operation of yellow phosphorus price will be the main factor.

1、 Price trend

Take the rutile titanium dioxide produced by sulfuric acid process, which has a large volume of goods in the domestic market, for example. According to the data in the bulk list of business agencies, the price of titanium dioxide is stable this week, with an average price of 15733.33 yuan / ton

2、 Market analysis

Product: the market price of titanium dioxide this week is generally stable. The price of domestic rutile titanium dioxide is 14900-16300 yuan / ton, that of anatase titanium dioxide is 12300-14000 yuan / ton, and that of chlorination titanium dioxide is 17500-21000 yuan / ton. At present, the downstream enterprises of titanium dioxide return to work in a large area, the work rate is still rising, domestic demand is improving, and domestic trade orders are increasing gradually.

Industry chain: the market price of titanium ore is basically stable this week. The operating rate of middle titanium ore in Panxi area is higher, and the market price is slightly loose. 38 titanium middlings are priced at 980-1030 yuan / ton, 46, 10 titanium ores are priced at 1550-1650 yuan / ton, 47, 20 titanium ores are priced at 1500-1550 yuan / ton. According to the analyst of titanium concentrate of business association, the demand for titanium concentrate is generally good as the operation rate of downstream titanium dioxide producers increases gradually. In the short term, the real single price of titanium concentrate is stable, and the high-level operation is the main factor. Downstream enterprises returned to work in large areas, increasing demand for titanium dioxide.

3、 Future forecast

Titanium dioxide analysts believe that: this week domestic titanium dioxide market price stability. At present, the downstream enterprises of titanium dioxide are back to work in large area, and the downstream stock starts to increase. Compared with the earlier stage, the enterprise’s stock taking has improved. In the short term, the market price of titanium dioxide has been stable, and the actual operation is a single discussion.

1、 Price trend

According to the data in the business club’s large list, the domestic market price of isomeric xylene fell sharply this week, as of Friday, down 7.22% month on week.

2、 Analysis and comment

1. Products: The overseas epidemic continues to spread, worrying about the shrinking demand for crude oil due to the economic recession, and adding OPEC + production increase expectations. Affected by this, the price of international crude oil fell sharply this week, as well as the price of xylene in the Korean market, the main source of imports. Although domestic enterprises gradually enter the resumption period and the market demand gradually improves, the price of domestic isomeric xylene still follows the decline. At present, in East China The main price is about 4600 yuan / ton.

2. Industrial chain:

Upstream, in terms of crude oil, the international oil price maintained a wide and volatile trend after plummeting at the beginning of this week. As of Friday, Brent futures fell 32.31%, Brent futures fell 28.09%, WTI futures fell 22.96% and Dubai futures fell 32.74%.

Downstream, in PX market, this week, the price of domestic Sinopec’s enterprises is about 5500 yuan / ton, and the latest price on the outside market is about 593 US dollars / ton for FOB South Korea and 611 US dollars / ton for CFR China. It is expected that PX market price will stabilize next week. In terms of PTA market, the price of domestic PTA spot market is about 3850 yuan / ton, and the price of external market is about 499 US dollars / ton CFR China. It is expected that PTA price will stabilize and rebound next week. In the ox market, Sinopec’s price of o-benzene fell, with the price at 5000 yuan / ton. The external price of o-benzene is about 625 US dollars / ton FOB South Korea. It is expected that o-benzene will stabilize and rebound next week.

3、 Future forecast

According to xylene analyst of business and chemical branch, we will continue to focus on the news of OPEC + production reduction agreement next week, worries about the global economy due to the continuous spread of overseas epidemic, the trend of international crude oil and the progress of downstream enterprises’ resumption of work. On the whole, it is expected that xylene prices in the international crude oil market and South Korean market will rebound next week, adding that domestic enterprises will gradually enter the resumption period, and the market demand will gradually improve. In the next week, xylene prices in the domestic market will stabilize and rebound. However, in the environment of high inventory of xylene industry and not smooth recovery of industrial chain, it is not optimistic to expect the rebound range.

1、 Price trend

According to the price monitoring of the business agency, the ex factory price of urea in Shandong Province rose first and then fell this week. The price of urea rose from 1813.33 yuan / ton at the beginning of the week to 1816.67 yuan / ton on March 11, an increase of 0.18%, and then fell to 1813.33 yuan / ton at the end of the week, down 5.49% compared with the same period last year. Overall, this week’s urea market was higher, with the urea commodity index at 84.34 on March 13.

2、 Market analysis

Products: this week, the main urea factory prices in Shandong have risen and fallen. The weekend price of Yangmei plain urea is 1790 yuan / ton, which is temporarily stable; the weekend price of Shandong Ruixing urea is 1810 yuan / ton, which is 10 yuan / ton lower than that at the beginning of the week; the weekend price of Mingshui chemical urea is 1840 yuan / ton, which is 10 yuan / ton higher than that at the beginning of the week.

Market demand: the current domestic market is mainly volatile. The demand for agriculture decreased, and the downstream industry made up for the low price. In terms of supply: at present, the start-up of urea enterprises continues to rise, and the overall supply has risen, while the logistics and transportation are normal, and the inventory pressure has eased, but the enthusiasm of downstream manufacturers is relatively low. The short-term urea market is expected to fluctuate slightly.

Industry chain: the overall price of upstream products seems to have risen significantly: the price of natural gas rose slightly, with the quotation rising 1.38% from 3136.67 yuan / ton at the beginning of the week to 3180.00 yuan / ton at the end of the week, down 20.37% compared with the same period last year; the price of liquid ammonia rose significantly this week, from 2916.67 yuan / ton at the beginning of the week to 3250.00 yuan / ton at the end of the week, up 11.43%, up 2.52% compared with the same period last year, On the whole, the urea cost this week is relatively strong. This week, the price of melamine in the downstream of urea was temporarily stable, with the price of 5933.33 yuan / ton. The purchasing capacity in the downstream was average, which had a negative impact on the price of urea. In the aspect of the downstream rubber plate plant, the enthusiasm for urea procurement is also weak.

3、 Future forecast

In the middle of March, the urea market in Shandong Province may fluctuate slightly. Urea analysts of business association think that at present, agricultural demand is weak, and the downstream industry is less active in urea procurement. At present, the domestic market is not relatively good, and it is expected that the short-term urea market will fluctuate slightly.