Monthly Archives: May 2019

Domestic hydrofluoric acid Market in China rose on May 30

On May 29, the hydrofluoric acid commodity index was 103.36, which was the same as yesterday. It was 26.40% lower than the peak of 140.43 points in the cycle (2018-02-21), and 92.87% higher than the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

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According to statistics, the price trend of domestic hydrofluoric acid market rose on the 30th. Up to now, the domestic market price of hydrofluoric acid is 11490 yuan/ton, and the domestic start-up rate of hydrofluoric acid is less than 60%. Enterprises reflect that the supply of hydrofluoric acid on-site is tight at present, and the situation of on-site goods has improved recently. Because of the high raw material fluorite, some hydrofluoric acid manufacturers The market price of hydrofluoric acid has risen with the increase of ex-factory price. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 11,000-11,500 yuan/ton, while the price of hydrofluoric acid in the northern market is 11,000-12,000 yuan/ton. Domestic hydrofluoric acid market prices increased, spot supply decreased slightly, but demand did not change very much, the price trend of hydrofluoric acid Market rose.

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Recent downstream refrigerant products start at a low level, the upstream fluorite and hydrofluoric acid demand is general, the recent downstream refrigerant trading market is general, hydrofluoric acid product price shocks. Recent downstream refrigerant market transactions have improved, R22 refrigerant plant surface started at 60%, R22 market device start-up rate is temporarily stable, the main production enterprise bulk water factory offer price is between 18500-19500 yuan/ton, but the production enterprise does not have bulk water spot, mainly a small number of cylinders shipment. In addition, the actual demand side of the market has not changed much, and the delivery market has increased. The domestic market price trend of R134a is not good, the start-up rate of production enterprises remains low, the refrigerant market demand is general, and the manufacturers mainly export their products. However, the on-site transaction price has not changed much. Businessmen purchase on demand. Recently, due to the shortage of supply, the price trend of hydrofluoric acid market has risen.

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Refrigerant on-site transactions are general, refrigerant industry equipment start-up rate remains low, for upstream hydrofluoric acid market demand is normal, but the spot supply of hydrofluoric acid is tight, Business Analyst Chen Ling believes that the hydrofluoric acid market may continue to rise.

China’s domestic TDI market continued to fall on May 27

The domestic TDI market is characterized by incremental trading volume and terminal replenishment. Traders compete for market share and take the opportunity to clean up inventory and consume surplus. In May, there was an enormous drop, and the middlemen lacked the opportunity to deliver goods. At the end of the month, they just needed more inquiries, which made it difficult to form a strong support for the industry at present. At present, the market price of domestic goods is more than 12800 yuan/ton, and the supply of goods in Shanghai is 13200 yuan/ton. Business associations expect the TDI market to be weak and stable, and pay attention to the factory information guide.

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Toluene Market downlink this week (May 20 24th)

First, the price trend Last week, the overall domestic toluene market was weak, finishing down, according to business’s bulk list data.

Early Zhou Enterprise average price is weekly high price, weekend enterprise average price is weekly low

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Ii. Analysis and review 1. Crude oil: Increased concerns about global trade risks, a blow to capital markets, and the highest level of U.S. crude oil inventories since July 2017 offset the impact of OPEC production cuts and tensions in the Middle East, with U.S. stocks plummeting, international oil prices plunging and Brent 68.4-73.2 dollars/barrels.

In the short term, the crude oil market is expected to remain the main shock, there is a certain upward space. 2, FOB South Korea toluene reference price affected by crude oil, this weekend began to cut, Sinopec’s subsidiary toluene listing price cut.

In terms of inventory, port inventories have been digested this week, with around 53,000 tonnes in eastern China.

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3, following last week’s toluene market recovery, price rebound, this week toluene market weak, although there is a certain positive support, but by the raw materials and demand side of the impact, the price fell.

Third, the forecast of the aftermarket Business Society Toluene analysts believe: next week, crude oil, focus on the United States crude oil 60 dollars/barrel pass can hold up, positive and negative factors affect the market at the same time, oil price mainstream fluctuation range or between 60-62 dollars/barrel. Second quarter at home and abroad more centralized maintenance, toluene expected to reduce the supply, the market expected to be optimistic, next week toluene market or can stop the decline and rise.

http://www.thiourea.net

May 23 China’s domestic liquid ammonia market high decline

May 23, according to business community monitoring, the domestic liquid ammonia market slightly fell, the range of 100 yuan/ton up and down, from the beginning of the week liquid ammonia market has been adjusted loosening, especially the northern market, prices continue to fall, some manufacturers such as the downstream urea device temporary parking, resulting in greater inventory pressure, the market supply significantly increased,

Reverse transaction But performance standoff, manufacturers most inventory pressure upward trend, part of the maintenance-oriented, north China’s Inner Mongolia Fu Feng is still in the maintenance period, the northern region manufacturers offer to maintain in 3000-3500 yuan/ton range, northwest China quotes in 2800-3000 yuan/ton up and down, manufacturers normal shipments, downstream manufacturers rational procurement. After the market, business Society believes that this week the market may continue to weaken, but because many manufacturers are currently in the maintenance period, the late-track inventory process is expected to speed up, the markets will return to stability.

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May 22 China’s domestic potassium chloride price market brief

Border trade traders in the Russian side to negotiate the monthly orders, Oral Potash adhere to the Chinese June order prices in May on the basis of the continued rise, but based on the current border trade market price is low, has fallen below the cost, so may be suspended in June with the Russian border trading orders, border control sources or will face a relatively tense situation,

The possibility of a small correction in the price is not ruled out.

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Northwest Salt Lake, Tibetan production restrictions began to start, another recent in Kunlun Mountain area snowfall, steam transport capacity phase reduction, manufacturers production and marketing operation Conservative. Now domestic SALT Lake Benchmark products 60 Crystal National Iron first station quote 2350 yuan/ton, market trade out of 2230-2250 yuan/ton, the actual is a single discussion. Imported potassium port inventory is high, sufficient supply surface, 62 white potassium mainstream port quotation 2340-2380 yuan/ton, large particles quoted 2350-2400 yuan/ton, the actual transaction is a single discussion.

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May 20 China’s domestic potassium chloride price market brief

Domestic potassium chloride market has not improved, but the price has been low, so continue to fall down the pace of slowing down. At present, the port potassium chloride inventory is much larger than the same period last year, 62% Russian white potassium port price of about 2350-2380 yuan/ton, Russian red potassium 2200 yuan/ton or so, granular potassium 2380/ton or so, the actual transaction single discussion mainly. Yingkou Port Bayuquan granular potassium price in 2380-2400 yuan/ton, 62% white potassium 2300-2330 yuan/ton or so, the actual transaction can be discussed.

http://www.thiourea.net

Border trade April Supply is still not sold out, May Supply has not yet arrived, but also in successive shipments, and even some of the supply to north China, Southwest region, 62% white potassium quotation of about 2050-2080 yuan, the external order price is low, but more based on the actual distance of the main. Domestic potassium market construction rate is very unsatisfactory, significantly lower than the level of the same period in recent years, the price of temporary stability is the main. Salt Lake price stability, benchmark products 60% powder crystal execution price of 2350 yuan/ton, regional market price stabilization, transaction price in 2200-2250 yuan/ton or so, to digest the pre-inventory mainly.

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Qinghai small factory started low, transaction is relatively cold, self-reference price 57% powder Crystal 1700 yuan/ton or so (four water), the area to the station price in 2050-2100 yuan/ton or so. Some traders said that the yuan’s decline led to higher costs, some traders said that even if there is no order, some traders said the production of domestic potassium is low, in short, there are various reasons to hope to support the price, but the recent demand is not strong, and the port supply is temporarily more, and the international price for two consecutive weeks showed a micro-drop trend So even if it is not good to determine the price of the price of how much space, but potassium chloride after the market is certainly still not optimistic.

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Butadiene market up narrowly (5.13-5.17)

Price Trend

 

The domestic butadiene market rose narrowly this week. Business Association monitoring showed that the domestic butadiene market price was 7976 yuan/ton at the beginning of the week and 8036 yuan/ton at the weekend. The price rose by 0.75% in the week and fell by 28.73% compared with the same period last year.

http://www.thiourea.net

II. Analysis of Influencing Factors

Product: This week, the domestic butadiene market maintained finishing after going up. The base price of Liaotong Chemical Bidding rose 200 yuan/ton to 8010 yuan/ton from last week, and the export volume of Northeast manufacturers continued to shrink. During the week, Fushun Petrochemical continued to suspend export, Liaotong Chemical only released a small amount of goods on Monday, and the spot market supply continued to be tight. Although Bluestar and Liaoyang Petrochemical had a small amount of export, the supply price was high, and the market was hard to find low-priced goods. In addition, the recent external market was higher, the middlemen were reluctant to sell at low prices, and the offer was firm and upward. Liaotong chemical suspension of export continues to support the market, the downstream just need a small amount of follow-up, although there is no obvious low-price supply to supplement the market, but short-term trading is difficult to release volume, after the market rose in the middle and late weeks to sort out.

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Industry chain: styrene-butadiene rubber: domestic styrene-butadiene rubber market shows a shock market. On-site merchants offer price changes little, downstream terminal to maintain just needed purchasing volume, small single transactions mainly. Cis-butadiene rubber: domestic cis-butadiene rubber market shocks. The overall change of business offer is not big, some high offer is difficult to deal with, the purchasing intention of buyers on the spot is not high, and the volume of spot transactions is small. SBS: The domestic SBS market oil glue partial gravity center weakens, dry rubber duct to small finishing.

3. Future Market Forecast

On the positive side, the spot stock in East China is slowly digested, the export manufacturers have no obvious inventory pressure for the time being, and Sinopec’s supply price is expected to rise. On the negative side, the trend of synthetic rubber market is weak, Northeast manufacturers have export expectations in the next cycle, downstream just need to support high prices is limited, poor terminal demand leads to pressure on the latex industry, cost pressure is obvious. Short-term low inventory of domestic and foreign manufacturers has brought obvious support to the price of suppliers, but the high price of the market is not good. In the next cycle, manufacturers in Northeast China and Central China all have export expectations, the spot market has increased slightly, and the latex industry downstream just needs to be difficult to effectively support the high market, the market is under pressure. Although the supply price of Sinopec in East China is expected to rise and the stock of tank farms is declining, there are still some shipments arriving in the second half of the month. The change of supply side has a certain impact on the mentality of the merchants. The supply and demand fundamentals have not been further boosted. Business analysts predict that the domestic butadiene market will remain in order in the short term. They suggest paying attention to supply changes and downstream transaction guidelines.

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The trend of domestic hydrofluoric acid Market in China was temporarily stable on May 15

On May 14, the hydrofluoric acid commodity index was 98.09, unchanged from yesterday, down 30.15% from the peak of 140.43 points in the cycle (2018-02-21), and up 83.04% from the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

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According to statistics, the domestic hydrofluoric acid market price trend was temporarily stable on the 15th. Up to now, the domestic hydrofluoric acid market price was 10 820 yuan/ton, and the domestic hydrofluoric acid start-up rate was less than 60%. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 10500-11000 yuan/ton, while the price of hydrofluoric acid in the northern market is about 10500-11000 yuan/ton. Domestic hydrofluoric acid market prices increased, spot supply decreased slightly, but demand was not actually good, the price trend of hydrofluoric acid market is temporarily stable.

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Recent downstream refrigerant products start at a low level, the upstream fluorite and hydrofluoric acid demand is general, the recent downstream refrigerant trading market is general, hydrofluoric acid product price shocks. Recent downstream refrigerant market transactions are cool, R22 refrigerant plant surface starts at 60%, R22 market device start-up rate is temporarily stable, the main production enterprise bulk water factory offer price is between 18,000-18,800 yuan/ton, but the production enterprise does not have bulk water spot, mainly a small number of cylinders shipment. In addition, the actual demand side of the market has not changed much, and the delivery market has increased. The domestic market price trend of R134a is not good, the start-up rate of production enterprises remains low, the refrigerant market demand is general, and the manufacturers mainly export their products. However, the on-site transaction price does not change much. Businessmen buy on demand. Recently, due to the poor condition of goods, the price trend of hydrofluoric acid market is shaking.

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Refrigerant on-site transactions are general, refrigerant industry equipment start-up rate remains low, for upstream hydrofluoric acid market demand is normal, but the spot supply of hydrofluoric acid has decreased, Business Analyst Chen Ling believes that the hydrofluoric acid market may remain volatile.

Hydrogen peroxide market rose this week (May 6-10)

According to the monitoring of business associations, hydrogen peroxide rose sharply this week, the average price of 27.5% hydrogen peroxide at the beginning of the week was 1205 yuan/ton, and the average price of 27.5% hydrogen peroxide at the end of the week was 1262 yuan/ton, an increase of 4.77%.

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After May 1st, hydroperoxide underwater caprolactam manufacturer started, rigid demand support, hydrogen peroxide Market returned to the upward trend. In Shandong, the price of hydrogen peroxide has risen, with the mainstream price of 1200 yuan / ton – 1290 yuan / ton and the price of 60 yuan / ton. Hebei mainstream price quoted 1250-1300 yuan/ton, the price rose 50-100 yuan/ton. Anhui mainstream offer 1210 yuan / ton – 1250 yuan / ton.

Business analysts believe that hydrogen peroxide prices will remain strong in the short term, supported by demand.

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The execution price of domestic xylene in China fell this week (5.5-5.10)

First, the price trend: According to business data monitoring, this week, the implementation of the offer of the O-benzene Sinopec fell.

This week, the contract price of 6400.00 yuan/ton, the price of phthalates fell, compared with the same period last year prices increased by 2.61%.

Second, the market analysis:

Product Analysis:

Product Name

Quote Type

Port

Price of the Week

Last week’s price

Change

Unit

Adjacent xylene

Fob

United States Gulf of Mexico

964.69

981.23

-16.54

USD/T

Adjacent xylene

Fob

Korea

960.00

980.00

-20.00

USD/T

Adjacent xylene

Fob

Rotterdam

1070.00

1060.00

10.00

USD/T

Adjacent xylene

CFR

Southeast asia

965.00

995.00

-30.00

USD/T

Adjacent xylene

CFR

China

865.00

895.00

-30.00

USD/T This week East China port adjacent benzene inventory rose, as of May 10 East China Port inventory increased, wharf adjacent xylene inventory of about 18,000 tons. As can be seen from the table above, the price of neighboring foreign disks fell, this week East Asia’s foreign disk prices fell by about 30 U.S. dollars/ton, the United States adjacent to the price of xylene decreased by 20 U.S. dollars/ton, the cost of imported phthalates fell, port inventory rose, the foreign disk market is negative, 80% after the market decline of domestic benzene manufacturers , The supply of phthalates is sufficient, the demand for phthalates is general, and the market of phthalates in the aftermarket is greater than the positive.

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After the market after the price of phthalates still have downward pressure, but this week, the next benzene Sinopec cut the implementation price, easing the downward pressure on phthalates, expected to be the main in the aftermarket stability.

Analysis of industrial chain factors:

Product Name

Specification Categories

ORIGIN/Brand

5.5

5.6

5.7

5.8

5.9

5.10

Unit

OX

Premium Products

East

6700.00

6700.00

6700.00

6700.00

6400.00

6400.00

RMB/ton

Mixed xylene

Heterogeneous level

Domestic

5675.00

5650.00

5650.00

5625.00

5625.00

5625.00

RMB/ton

Phthalic anhydride

Excellent grade Products

Jiangsu

6550.00

6516.67

6466.67

6383.33

6383.33

6383.33

RMB/ton

Dop

Primary Products

East

7950.00

7933.33

7900.00

7850.00

7850.00

7800.00

RMB/ton This week, the mixed-xylene market concussion fell, the cost of adjacent xylene fell, the downward pressure on phthalates increased. May 10 mixed Xylene quote 5625.00 yuan/ton, compared with the beginning of this week mixed xylene price of 5650.00 yuan/ton, a decrease of 0.44%.

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The price of mixed xylene fell, the cost of adjacent xylene fell, the fall pressure on the adjacent benzene, the market has a certain profit. Downstream phenylanhydride and Plasticizers this week the market fell, as of May 10, Phenylanhydride quoted 6383.33 yuan/ton, compared to last weekend phenylanhydride quote 6550 Yuan/ton fell, this week fell 2.05%;DOP quote 7800 Yuan/ton, compared with the earlier this week quoted 7933.33 Yuan/ton fell, a decrease of 1.68%,

Overall downstream phenylanhydride and plasticizer market decline, on the price of phthalates have a negative impact on the decline of the market pressure is greater.

Third, the forecast of the aftermarket: Business community Paraxylene data analyst Baijia believes that this week, the price of adjacent xylene lower, lower prices of imported phthalates, the downward pressure of the adjacent benzene market, the price of mixed xylene fell, the cost of adjacent xylene fell, on the adjacent benzene market has a negative impact; downstream phenylanhydride and plasticizer markets fell, downstream customer procurement enthusiasm is not high, The demand for phthalates is general, and the market of phthalates is obviously negative. The overall phthalates market is obvious, the decline of the market pressure is greater, this week the price of phthalates fell 300 yuan/ton, greatly eased the downward pressure of the after-market decline, expected after the after

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May 8 Ammonium nitrate market price trend decline

May 7 The Ammonium Nitrate Commodity index was 102.63, down 3.51 points from yesterday, down 13.33% from 118.42 at the highest point in the cycle (2019-01-15), up 77.37 from its lowest point of 32.65% on October 31, 2016.

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(Note: cycle refers to 2013-02-01 to date). Recently, the domestic ammonium nitrate market price trend slightly lower, affected by environmental control, domestic ammonium nitrate plant shutdown more, domestic ammonium nitrate device driving less, but recently with the warmer weather, the northern gas limit effect disappeared, coupled with the domestic downstream civil explosion industry all shut down, domestic ammonium nitrate manufacturers inventory more, the price trend in the field decline.

As of 8th domestic ammonium nitrate market price negotiations in 1850-2000 yuan/ton, affected by environmental protection, so now many areas of manufacturers are forced to production restrictions or cut off maintenance for environmental inspection, the site ammonium nitrate price trend slightly declined. Recently, the domestic nitric acid price trend is stable, as of 8th market price of 1576.67 yuan/ton, nitric acid price trend stability on the ammonium nitrate market has little impact, ammonium nitrate price trend is stable, upstream raw material liquid ammonia price trend is steady, as of 8th liquid ammonia market price of 3480 yuan/ton, Upstream raw material price trend shock for the ammonium nitrate market to bring a certain cost support, ammonium nitrate price trend slightly lower. Recently downstream civil explosion industry peak season, for the ammonium nitrate market demand weakened, ammonium nitrate manufacturers inventory increased, but the liquid ammonia market is also rising trend, ammonium nitrate market due to bad market low shock. Business Society ammonium nitrate analysts believe that the recent upstream raw material market price to maintain a shock, but downstream demand is not good, expected late ammonium nitrate market price or maintenance slightly lower.

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May 7 China’s domestic fluorite market price trend rise

The Fluorite Commodity Index of May 6 was 100.00, an increase of 0.53 points over yesterday, a decrease of 21.56% from the highest point in the cycle of 127.49 (2019-01-03) and a 49.21 increase from the lowest 103.21% point of December 18, 2016.

(Note: cycle refers to 2011-09-01 to present) According to statistics, domestic fluorite price trend rose, as of 7th, the domestic fluorite average price of 2862.5 yuan/ton, the recent domestic fluorite device driving normally, the field of the mine and flotation device normal start, the field fluorite supply Normal, the recent downstream freight market in general, for the fluorite market on demand procurement, fluorite price trend shock. Recently downstream plant construction situation is poor, the field fluorite spot supply is normal, terminal downstream pick-up situation is not good, resulting in a small increase in market price trend. As of 7th, Inner Mongolia 97 fluorite wet powder price in 2700-3000 yuan/ton, Fujian region 97 fluorite Wet powder talks mainstream in 2700-3000 yuan/ton, Henan Region 97 fluorite Wet powder price in 2600-3000 yuan/ton, Jiangxi Region 97 fluorite Wet powder price in 2800-3000 yuan/ton

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, Fluorite price trend slightly increased. Fluorite downstream hydrofluoric acid market price trend rose, as of 7th domestic hydrofluoric acid market price of 10680 yuan/ton, hydrofluoric acid market price shock for the upstream fluorite market has a certain positive impact, but the recent start of hydrofluoric acid device has declined, for the demand for fluorite weakened, fluorite price shock operation. Recently downstream refrigerant product plant started in low, the upstream fluorite and hydrofluoric acid demand in general, the recent downstream refrigerant trading market in general, hydrofluoric acid product prices slightly lower. Recently terminal downstream refrigerant market trading market cold, R22 refrigerant device surface started in 60%,R22 market installation rate of temporary stability, the main production enterprises Scatterwater factory price of 18000-18800 yuan/ton between, but the production enterprises do not have scatterwater spot, more than a small number of cylinders shipped mainly. In addition, the actual demand surface of the market changes little, shipping market in general. Domestic R134a market price trend shock, production enterprises plant construction rate to maintain low, refrigerant market demand in general, manufacturers shipped to export-oriented. But the market transaction price changes are not big, merchants on demand procurement, comprehensive view, downstream industry market in general, coupled with the normal supply of fluorite markets, fluorite prices rose slightly, business analysts Chen Ling that fluorite market prices or will be slightly higher.

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May 6 China’s domestic hydrofluoric acid market trend rise

The hydrofluoric acid Commodity Index of May 5 was 95.74, the same as yesterday, down 31.82% from 140.43 at the highest point in the cycle (2018-02-21), up 78.65% from the lowest 53.59 point on November 30, 2016.

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(Note: cycle refers to 2011-09-01 to present) According to statistics, 6th domestic hydrofluoric acid market price trend rose, the current domestic hydrofluoric acid market price of 10650 yuan/ton, domestic hydrofluoric acid start rate of less than 60%, enterprises reflect the current field of hydrofluoric acid spot supply tension, the recent field cargo situation in general, due to the higher raw materials fluorite, some hydrofluoric acid manufacturers production restrictions guaranteed, Hydrofluoric acid market price trend slightly increased. At present, the mainstream of hydrofluoric acid talks in the south is about 10000-10500 yuan/ton, and the price of hydrofluoric acid in the northern market is 10500-11000 yuan/ton.

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Domestic hydrofluoric acid market price increase, spot supply is slightly reduced, but the demand is not real good, hydrofluoric acid market price slightly higher. Recently downstream refrigerant product plant started in low, the upstream fluorite and hydrofluoric acid demand in general, the recent downstream refrigerant trading market in general, hydrofluoric acid product price shock. Recently terminal downstream refrigerant market trading market cold, R22 refrigerant device surface started in 60%,R22 market installation rate of temporary stability, the main production enterprises Scatterwater factory price of 18000-18800 yuan/ton between, but the production enterprises do not have scatterwater spot, more than a small number of cylinders shipped mainly. In addition, the actual demand for the market changes little, the shipment market compared to the previous increase. Domestic R134A market price trend is not good, production enterprises plant construction rate to maintain low, refrigerant market demand in general, manufacturers shipped to export-oriented.

But the market transaction price changes are not big, merchants on demand procurement, recently due to poor delivery situation, hydrofluoric acid price trend shock. Refrigerant field transaction situation in general, refrigerant industry installation rate to maintain a low, for the upstream hydrofluoric acid market demand is normal, but hydrofluoric acid spot supply has decreased, business analyst Chen Ling think hydrofluoric acid market or will be slightly higher.

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Aniline one week view (April 29 May 5)

First, the price trend

The overall price of aniline in China has receded this week, at a price of around 5400-5750 yuan/ton, according to business’s bulk list data.

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Ii. Analysis and review
Upstream: Some factories have been overhauled and put into production this week, and the supply of aniline has increased; downstream: downstream demand is low and trading is light.

Third, the expectation of the aftermarket Shandong mainstream factory to return to the country, aniline supply is sufficient, aniline prices are subject to constraints.

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In April, the liquid ammonia market will end up rising, and the market will be weak in the future.

I. Price Brief Introduction

Trend chart of liquid ammonia

Data from business associations show that the market of liquid ammonia did not continue its upward trend last month, but stepped out of the first rise and then fall market, especially in the latter half of the year. The price of liquid ammonia rose and fell by 0.48% in the whole month in the northern region. As of April 29, the price of liquid ammonia was in the range of 3250-3400 yuan/ton at the end of the month.

http://www.pva-china.net

The repeated market of liquid ammonia is mainly affected by the following factors: on the one hand, the market supply is slightly loose, the start-up rate in the north is relatively high, and the inventory pressure of the manufacturers is gradually appearing; on the other hand, the downstream urea plant stops, resulting in demand not keeping pace; on the other hand, due to the impact of environmental protection, the downstream plant start-up rate has declined, and the purchasing power of liquid ammonia has slowed down.

II. Market Analysis

From the perspective of supply and demand:

Products: By the end of the month, the price of liquid ammonia in main producing areas such as Shandong is about 3200-3400 yuan/ton, Hebei is about 3300 yuan/ton, and Anhui is about 3400 yuan/ton. In the early ten days, the domestic liquid ammonia market is still in the upstream stage, mainly due to the downstream purchasing effort is still acceptable, the market is still at the end of the spring farming season, manufacturers are also actively shipping, at this time, the inventory pressure of manufacturers has gradually accumulated. By the end of the decade, the inventory pressure of the manufacturer has gradually emerged. Moreover, the downstream purchasing efforts have slowed down, resulting in repeated prices, and the liquid ammonia market continues to fall.

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Industry chain: downstream demand is mainly rational. At present, the spring tillage season is coming to an end. Downstream fertilizer manufacturers mainly take goods on demand, and no longer vigorously stock up. Therefore, to a certain extent, the continuation of the soaring liquid ammonia market is limited. Downstream nitric acid, urea and other start-up rates have declined, especially urea, there are problems in large plants, affecting the use of liquid ammonia, the price of downstream products has fallen, and the market of liquid ammonia has lost support, according to the business community monitoring, since early April urea fell by 1.22%, upstream and downstream linkage, the entire industrial chain of liquid ammonia and nitrogen fertilizer has experienced a wave of market reversal.

3. Future Market Forecast

Analysts believe that the liquid ammonia market is currently in imbalance between supply and demand, with relatively excessive supply. At the end of the month, the market is gradually cooling down. It is expected that with the end of the peak season, downstream purchasing efforts will continue to slow down. The liquid ammonia market can not rule out the possibility of further downward trend.

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