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 this week is 1500 yuan / ton, and the quotation is temporarily stable.

2、 Market analysis

Anhui Jinhe quoted 1300-1350 yuan / ton, which was flat compared with last week; Shandong helitai Chemical Co., Ltd. quoted 1750 yuan / ton, which was flat compared with last time; Huainan Aodeli chemical products Sales Co., Ltd. quoted 1300 yuan / ton of concentrated nitric acid, which was 30 yuan / ton lower than last week; Wenshui Synthetic Chemical Co., Ltd. quoted 1580 yuan / ton of concentrated nitric acid and 810 yuan / ton of dilute nitric acid Compared with last week, the supply pressure of nitric acid market was high, the market transaction was not good, and the quotation of some manufacturers declined.

According to the monitoring of the business agency, the domestic liquid ammonia market remained stable in most regions this week. Shandong and Hebei regions also ended the rebound and the price was mainly stabilized. According to the monitoring of the business agency, the increase of liquid ammonia was 0.32% in the week of the 24th, and the mainstream market quotation was 2850-3050 yuan / T; the downstream aniline was stable this week, with an average price of 4350 yuan / ton, and TDI’s quotation was stable this week, The average price is 14333 yuan / ton.

3、 Future forecast

Nitric acid market transaction light, business agency nitric acid analysts predict that the price of nitric acid will fall.

Trade name: urea

Latest price (August 26): 1693.33 yuan / ton

On August 26, the factory price of urea in Shandong decreased, which was 26.67 yuan / ton or 1.55% lower than that on August 24. The upstream liquid ammonia has risen slightly in recent years, and the cost support is general. However, the demand for downstream agriculture is light, the starting load of compound fertilizer and plate enterprises is not high, the market trading atmosphere is weakened, and the middlemen are cautious in receiving goods.

It is expected that the short-term urea market will fluctuate slightly in the future, and the average price quoted by manufacturers will be about 1680 yuan / ton.

Trade name: br 9000

Latest price (August 19): 8220 yuan / ton

Analysis points: the domestic market price of cis-1,4-polybutadiene rubber was 8220 yuan / ton, up 0.24% over the previous day. The rising price of raw material butadiene drives the downstream synthetic rubber to follow up. According to the monitoring of the business agency, the current butadiene price is around 5387 yuan / ton.

Aftermarket forecast: the price of raw material butadiene is high, and under the pressure of cost, it is expected that the market of cis-1,4-polybutadiene rubber will continue to rise in the future.

1、 Price trend

This week, the factory price of octanol in Shandong decreased slightly. This week, the average price of octanol mainstream factory quotation in Shandong decreased from 7050.00 yuan / ton at the beginning of the week to 7000.00 yuan / ton at the end of the week, a decrease of 0.71%, and a year-on-year decrease of 4.11%. Overall, octanol market fell slightly this week, with the octanol commodity index of 51.47 on August 21.

2、 Market analysis

From the manufacturer’s quotation, the main octanol manufacturer’s ex factory quotation in Shandong Province fell this week: Jianlan Chemical Co., Ltd. quoted 7000 yuan / ton of octanol at the end of this week, 100 yuan / ton lower than that at the beginning of the week; lihuayi’s offer of octanol was 6950 yuan / ton at the end of this week, which was temporarily stable compared with the beginning of the week; Hualu Hengsheng’s offer of octanol was 7100 yuan / ton this weekend, which was temporarily stable compared with the beginning of the week.

From the upstream material market at the end of last year, the price of propylene increased by RMB 6955.0% to RMB 697.0%. Upstream raw material market prices rose, affected by the supply and demand side, had a positive impact on the price of octanol.

Octanol downstream market, DOP factory price rose slightly this week. DOP price rose from 6966.67 yuan / ton at the beginning of the week to 7000 yuan / ton at the end of the week, with an increase of 0.48% and a decrease of 3.23% compared with the same period last year. Although the downstream DOP price has slightly increased, the downstream customers are generally enthusiastic about octanol purchasing, and the demand for octanol is general. The low price consolidation of DOP has a negative impact on the market of octanol. After the market operators more watch the trend of DOP.

3、 Future forecast

In late August, the market trend of octanol in Shandong Province was mainly fluctuating. The upstream propylene price fell, the cost support was weak, the downstream DOP market was low consolidation, and the downstream purchasing enthusiasm was general. Octanol analysts believe that: in late August, under the influence of supply and demand, raw materials and other aspects, the octanol market in Shandong may fluctuate and fall slightly.

According to statistics, the trend of domestic p-xylene ex factory price was temporarily stable this week, with an average price of 4800 yuan / ton at the weekend, which was temporarily stable compared with the price of 4600 yuan / ton at the beginning of the week, with a year-on-year decrease of 34.29%.

The domestic PX operating rate is about 60%. The operation of Hongrun 600000 ton new unit is stable, Huizhou refining and chemical plant is stable, fuhaichuang plant is on the first line, Pengzhou petrochemical plant is running stably, Yangzi Petrochemical PX unit is running normally, Jinling Petrochemical plant is running smoothly, Qingdao Lidong unit is operating at full load, Qilu Petrochemical plant is running stably The start-up of Urumqi petrochemical plant is about 50%, and Hainan refining and Chemical Co., Ltd. has started a production line. Hengli petrochemical plant is in normal operation, the domestic p-xylene supply is normal, and the domestic p-xylene market price trend is temporarily stable. This week, the operating rate of PX units in Asia is about 70%, and the supply of PX goods is normal in Asia. This week, the price trend of PX external market is mainly volatile. As of the end of the week, the closing prices of PX market in Asia are 532-534 USD / T FOB Korea and 550-552 USD / T CFR China. This week, the external price of PX has not changed much. More than 40% of domestic products need to be imported, and the closing price of PX external market is shocked Swing to the domestic market to bring a certain support impact, domestic PX market price trend temporarily stable.

This week, the US WTI crude oil futures market price mainly fluctuated. As of the 20th, the settlement price of the main contract in the US WTI crude oil futures market was at US $42.82/barrel, while that of the Brent crude oil futures market was US $44.90/barrel. The main reason for this was that OPEC + oil producing countries needed to solve over 2 million barrels / day of excess supply, and the number of new US jobless claims increased unexpectedly, It shows that the process of economic recovery is slow, crude oil price trend is volatile, and domestic p-xylene market price trend is temporarily stable.

The price trend of downstream PTA market declined this week. As of the end of the week, the PTA Market in East China had been negotiated at 3500-3600 yuan. Recently, the starting load of PTA industry was 87%. During the week, PTA parking and maintenance devices entered the restart stage, and there was a small increase in the supply side. Although the terminal orders recovered, the market’s expectation for foreign trade weakened and the support from the demand side was insufficient. In addition, the market still has some concerns about crude oil demand, so it shows a weak downward trend. In addition, the inventory is still at a high level. As the current social inventory is still at nearly 4 million tons, and the continuous restart of the units leads to the limited storage duration, PTA social inventory pressure is still large, and the PX price trend is stable.

On the whole, the demand of textile industry has not improved significantly, the order performance is not stable, and the terminal demand is poor. For upstream Px, on-demand procurement is the main factor, and the price trend of PX market is stable.

Chen Ling, PX analyst of business agency, thinks that the recent trend of crude oil price is volatile, but the operating rate of downstream textile enterprises is general, PTA market price is falling, and domestic PX market supply is normal. It is expected that PX market price will maintain about 4600 yuan / ton next week.

In the middle of August, propane continued to rise, and the range was narrower than that in the first ten days. According to the data monitoring of the business agency, the average price of propane market was 3435.00 yuan / ton on August 10, and 3480.00 yuan / ton on August 18, with an increase of 1.31% during the period. The overall price rose steadily, rising by 3.88% compared with August 1.

Regional standard enterprises rose and fell from August 10 to August 18

Shandong propane,% (V / V) not less than: 95 HSBC Petrochemical 3470 yuan / ton 3520 yuan / ton + 50

Shandong propane,% (V / V) not less than: 95 Hualian Petrochemical 3370 yuan / T, 3450 yuan / T + 80

Shandong propane,% (V / V) no less than: 95 Hengyuan Petrochemical Co., Ltd/

Shandong propane,% (V / V) not less than: 95 Haiyou petrochemical 3455 yuan / ton 3455 yuan / ton 0

Shandong propane,% (V / V) not less than: 95 Binzhou Dayou 3350 yuan / ton 3450 yuan / ton + 100 yuan

In the middle of August, the direction of propane price increase did not change, and continued to push up slightly. In the early stage, the international oil price rose slightly, and the US crude oil inventory decreased, which brought periodic support to the market. The strong price of LPG in civil market is also good for the market. Domestic propane production is still in a state of decline. Some refineries shut down for maintenance, market supply is reduced, and terminal demand is stable. Low supply is also one of the main reasons for propane upward. Downstream of the market bullish mentality is strong, one after another into the market replenishment, high enthusiasm. Upstream shipment is smooth, refinery inventory is mostly maintained at a low level, the mentality is relatively strong, and a small push up is given priority to. However, the current off-season factors still exist, and the terminal demand needs to be improved, which brings a certain constraint on the upward road of propane, and the market growth is limited.

At present, there are some differences among different regions of the domestic propane Market. Most of the northern market is strong and rising, while the southern market is more resistant to rising, with a downward trend and a relatively low price. As of August 18, the mainstream prices of propane in different regions in China are as follows:

Regional specification August 18

Propane in East China,% (V / V) not less than: 953050-3350 yuan / ton

Propane in North China,% (V / V) not less than: 953400-3550 yuan / ton

Propane in Shandong area,% (V / V) not less than: 95 3350-3520 yuan / ton

Propane in South China,% (V / V) not less than: 953050-3100 yuan / ton

Propane in Central China,% (V / V) not less than: 953050-3460 yuan / ton

Propane in Northeast China,% (V / V) not less than: 953530-3800 yuan/

During the period of the downstream propylene market, it was stable and fell, which brought certain negative effects to the market. At present, the inventory pressure of propylene manufacturers is small, the crude oil price is volatile, the downstream market is mostly negative or not affected, and the overall market procurement is mainly on demand. In the early stage, the propylene market price has broken through the upper limit of the range, and the downstream support is obviously insufficient, so it is expected that the propylene price will decline.

The current rise in international crude oil, the main players in the upstream LPG civil market, and the expected rise of CP in September have all brought support to the market. But at present, the enthusiasm of downstream enterprises to enter the market has been reduced, and the atmosphere for manufacturers to ship goods is general. And affected by seasonal factors, terminal demand still needs to be improved, negative factors still exist, it is expected that the price or high consolidation in the near future.

International crude oil prices continue to fluctuate at a high level. OPEC and IEA monthly reports have been released one after another. The data performance is average, and the improvement of international oil price is limited. Refined oil market prices fluctuated in a narrow range. According to the monitoring data of the business agency, the gasoline price on August 14 was 5528 yuan / ton, up 0.24% from the beginning of the week; on August 14, the price of diesel oil was 4892 yuan / ton, up 0.15% from the beginning of the week.

OPEC countries Saudi Arabia and other oil producing countries have verbally promised to strictly implement production reduction; U.S. crude oil inventories continue to decline; however, OPEC and IEA monthly reports have been released this week, and the data performance is average. International oil prices soared and fell.

In terms of gasoline, the domestic rainy weather increased this week, and the demand for gasoline terminal remained rigid. In addition, the lack of action on international oil prices led to low market purchasing enthusiasm, and low-cost replenishment was the main trend in the downstream. In terms of diesel, the diesel terminal demand in some southern regions is recovering. In addition, the domestic hot weather is reduced, which is conducive to domestic mining and outdoor construction, and the diesel market has rigid demand support. However, on the whole, the international oil price is insufficient, the market demand is mainly based on rigid demand, the market lacks substantial positive stimulation, and the domestic oil product market price is stable.

In mid August, the start-up load of the refinery dropped slightly by 2%. At present, the average start-up load of atmospheric and vacuum distillation units is about 73%. The start-up of the unit is still at a relatively high level, and the impact of the refined oil supply side is not significant.

Lu Xingjun, an oil product analyst at the business club, believes that: the international crude oil prices continue to maintain a choppy upward trend; in addition to the arrival of the golden nine silver ten traditional peak season, the refined oil prices are expected to continue to rise.

Upstream fluorite and hydrofluoric acid prices went down, while aluminum fluoride prices remained stable. According to business agency data, the domestic price of aluminum fluoride on August 14 was 8833 yuan / ton, which was flat compared with the beginning of the week.

The domestic fluorite market price has continued to fall. Recently, some manufacturers have reported that the sales situation is not good, the downstream demand has not improved, and the fluorite price has dropped slightly. Domestic fluorite manufacturers have been operating stably, the on-site mines and flotation devices have been operating normally, and the fluorite in the yard is not well stocked, and the market price of fluorite is slightly lower. In recent years, the downstream hydrofluoric acid market price has declined, and the terminal downstream on-demand procurement is dominated, and the purchasing sentiment is not strong. Impact on the downstream aluminum fluoride Market and weaken the cost support.

At present, most of the enterprises are facing losses. Some factories are operating at low load, and the quotation of the owner is firm. At present, the overall performance of the aluminum fluoride market is relatively stable, and the aluminum fluoride manufacturers have strong willingness to sell.

The aluminum fluoride industry analysts of the chemical branch of the business society believe that: the price of fluorite in the upstream is loose, but the aluminum fluoride manufacturers have the intention to maintain the price of aluminum fluoride, and it is expected that the price of aluminum fluoride will continue to maintain stable operation.

1、 Price trend

On August 14, the average ex factory price of oil to ethylene glycol in North China was 3700 yuan / ton, which was the same as last week, according to business agency data.

On August 13, the market price of ethylene glycol in East China was 3710 yuan / ton, down 15 yuan / ton or 0.40% compared with the same period last week.

2、 Analysis of influencing factors

As of August 13, the total ethylene glycol inventory in the main ports of East China was 1.473 million tons, an increase of 37300 tons or 2.72% compared with last Thursday, and a decrease of 7700 tons or 0.54% compared with Monday.

In terms of shipment, the average daily shipment volume of Zhangjiagang and Taicang increased significantly this week, with the average daily shipment volume of Zhangjiagang reaching 6400 tons and Taicang daily average shipping volume of 8200 tons.

At present, the operating rate of ethylene glycol is about 48%, and that of polyester is about 88%, which is the same as last week.

In terms of units, the ethylene glycol unit of Dushanzi Petrochemical Company is in shutdown, and the overhaul time is expected to be one month; the ethylene glycol unit of Tongliao Jinmei has been restarted recently; and the overhaul of ethylene glycol unit of Hengli Petrochemical Company is delayed.

3、 Analysis and prediction

Due to the arrival of ships delayed by the typhoon, inventories rose again at the beginning of this week, and the price of ethylene glycol fell for a time. However, with the rise of downstream loom operating rate, shipment gradually smooth, inventory appeared a small decline, the price also followed. Recently, the oil price has been relatively stable, and the cost side has been supported, which has greatly enhanced the market confidence. The global anti epidemic situation has improved, and the prospect of textile export is in sight. If there is no major change, the price of ethylene glycol is expected to fluctuate upward.

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 this week is 1533 yuan / ton, and the quotation is stable temporarily.

2、 Market analysis

The price of concentrated nitric acid was stable. Jiangsu Hongze Yinzhu Chemical Co., Ltd. quoted 1400 yuan / ton, which was the same as last time; Anhui Jinhe offered 1400-1450 yuan / ton, which was the same as last week; Shandong helitai Chemical Co., Ltd. offered 1750 yuan / T, which was flat compared with the last time; Huainan Aodeli chemical products Sales Co., Ltd. quoted 1480 yuan / T of concentrated nitric acid, which was flat compared with the last time; Wenshui County synthesis Co., Ltd For Chemical Co., Ltd., the ex factory price of concentrated nitric acid is 1580 yuan / T, which is the same as last time; the market demand of nitric acid is stable, and the quotation of manufacturers is basically stable.

According to the monitoring of the business agency, the upstream liquid ammonia was quoted at 3000 yuan / ton at the beginning of the week and 2983 yuan / ton at the weekend, down 0.56%, which depressed the price of nitric acid. The average price of aniline in the downstream this week was 4316 yuan / ton, which was stable.

3、 Future forecast

The upstream raw material liquid ammonia price is weak, and the nitric acid analysts of the business community predict that the price of nitric acid may decline.

1、 Price trend

According to the monitoring data of the business agency, the average ex factory price of ammonium sulfate in China on August 3 was 563 yuan / ton, and that on August 7 was 576 yuan / ton. The price rose by 2.37% this week.

On August 7, the commodity index of ammonium sulfate was 48.26, which was the same as yesterday, decreased by 54.59% from the highest point 106.28 (2012-05-24), and increased by 31.68% from the lowest point of 36.65 on June 23, 2014. (Note: period refers to 2011-09-01 to now)

2、 Market analysis

Tight supply, domestic ammonium sulfate prices rose this week. The main factory quotation of ammonium sulfate in Central China is about 550-650 yuan / ton, that in Henan is 530-580 yuan / ton, that in Hebei is 470-600 yuan / ton, that in Shandong is 500-600 yuan / ton, that in East China is 550-650 yuan / ton, that in North China is 500-650 yuan / ton, and that in Northeast China is 500-650 yuan / ton The main ex factory quotation of ammonium sulfate is 520-630 yuan / T.

This week, the downstream compound fertilizer enterprises began to produce fertilizer in autumn, and the market was stable temporarily. The demand for ammonium sulfate in raw material procurement is less, mainly urea and ammonium chloride, and the market fluctuation is small.

3、 Future forecast

Business agency ammonium sulfate analysts believe that the current coking grade ammonium sulfate market demand is weak, tight supply. Ammonium sulphate is mainly exported and its price is firm. It is expected that ammonium sulfate will fluctuate slightly in the short term.

Trade name: calcium carbide

Latest price (August 5): 2630.00 yuan / ton

On August 5, the ex factory quotation of calcium carbide in Northwest China was temporarily stable, which was the same as that on August 3. Low price, the impact of low price on the market. The downstream PVC prices have risen slightly recently, and the downstream customers have a strong demand for calcium carbide.

In the near future, the factory price of calcium carbide in Northwest China will rise slightly: the manufacturer’s quotation is about 2650 yuan / ton.

1、 Price trend

According to the monitoring data of business agency, the price of domestic soda ash has increased this week. The average market price in East China at the beginning of the week was about 1266.67 yuan / ton, while that at the weekend was 1300 yuan / ton. The price increased by 2.63% and decreased by 21.69% compared with the same period last year. The commodity index of light soda ash on July 30 was 66.67, up 1.71 points compared with yesterday, 43.43% lower than 117.86 points (2017-11-21), and 5.57% higher than the lowest point of 63.15 points on November 18, 2015. (Note: period refers to 2011-09-01 to now)

2、 Market analysis

According to the business agency, at present, the soda ash market is actively moving goods this week, cleaning up inventory, and the price of soda ash has rebounded, but the overall market price is still relatively large, stable and small moving. In North China, the mainstream market price of light soda ash is about 1250-1350 yuan / ton, and that of heavy soda is 1350-1450 yuan / ton; the light and stable price of soda ash in East China is 1150-1250 yuan / ton, and that of heavy soda is 1200-1350 yuan / ton; in Central China, the market price of light soda ash is about 1150-1250 yuan / ton, and that of heavy soda ash is 1200-1350 yuan / ton The current mainstream market price is about 1100-1200 yuan / ton, and the mainstream market price of heavy soda ash is 1200-1300 yuan / ton. According to the data survey, the overall operating rate of soda ash is about 78%, and the operating rate has little change.

Raw materials: the national crude salt market fluctuates in a narrow range, and the market transaction performance is stable. The main production areas of Haiyan kept sufficient supply, the purchasing atmosphere of the two alkali industries was general, the sales performance of salt enterprises was weak, the cost pressure supported, and the market kept a low volume. The supply and demand of the main production areas of well and mineral salt is weak and stable, the transaction continues to be flat, and the mineral salt supply performance is relatively large. In addition, the sea salt market continues to be low, and the downstream purchase transaction is not high as a whole.

Demand: float glass trading is good this week. The overall price in North China is rising, and the downstream receiving enthusiasm is good. Under the stimulation of price rise in Shahe market, traders take delivery actively; in Central China, the transaction is good, and affected by the water level of the Yangtze River, the amount of outward shipment is still not large; at present, the rainfall time in East China is over, the number of orders delivered by glass processing enterprises to the real estate industry has increased, and the speed of purchasing glass original sheet is not high Less. The production and sales rate of production enterprises has also increased to a certain extent recently, effectively reducing the inventory in the early stage; the demand of South China market is good, and the supply of some enterprises is slightly reduced due to hot repair, so the overall production and sales rate of production enterprises is higher, and the price is up.

According to the price monitoring of business agency, in the 29th week (7.20-7.24) of 2020, there are 1 kind of commodity rising and 2 kinds of falling commodity in the list of price rise and fall of chlor alkali industry, and 2 kinds of commodity with rise and fall to 0. The main commodities that rose were calcium carbide (5.49%); the main commodities that fell were PVC (- 0.77%) and light soda ash (- 0.52%). This week, the average rise and fall was 0.84%.

3、 Future forecast

Business agency analysts believe that: at this stage, the domestic soda market downstream transaction is still weak, enterprises mainly discuss shipment. At present, soda ash inventory is still large, glass inventory is still at a high level, downstream procurement is mainly on-demand procurement, traders are more wait-and-see attitude, still hold a wait-and-see state for soda ash. It is predicted that the domestic soda ash market in the short-term will still be sorted out with small fluctuations.

1、 Price trend

In July 2020, the coke market continued to decline. The mainstream price of Shanxi market was 1813.33 yuan / ton at the beginning of the month and 1660 yuan / ton at the end of the month, with a monthly decrease of 8.46%.

On July 30, the coke commodity index was 87.14, flat with yesterday, 35.47% lower than 135.04 (September 13, 2018), and 151.49% higher than the lowest point of 34.65 on March 3, 2016. (Note: period refers to 2011-09-01 to now).

Summary of domestic coke market price (unit: yuan / ton)

Prices of regional specifications on July 31 were up and down compared with the same period of last month

Secondary metallurgical coke 1880-130 in Shanghai

Quasi first grade metallurgical coke 1940-130

Grade II metallurgical coke 1850-130 in Xuzhou area

Quasi first grade metallurgical coke 1910-130

Grade II metallurgical coke 1790 – 150 in Weifang Area

Quasi first grade metallurgical coke 1850-150

Grade II metallurgical coke 1690-150 in Taiyuan Area

Quasi first grade metallurgical coke 1740-150

Secondary metallurgical coke 1650 – 150 in Jinzhong Area

Quasi first grade metallurgical coke 1710 – 150

Secondary metallurgical coke 1780-150 in Tangshan area

Quasi first grade metallurgical coke 1830-150

Grade II metallurgical coke 1710-150 in Shenyang area

Quasi first grade metallurgical coke 1770-150

This month, the coke market went up and down for three times on the 8th, 15th and 19th, with a cumulative reduction of 150 yuan / ton. The steel industry started to maintain a high level in this month, and the demand for coke was good. However, the coke inventory of the steel plant remained at the middle and high level, mainly purchasing on demand. In this month, the inventory of coking enterprises increased compared with that of last month, and the game sentiment of steel and coke enterprises was stronger near the end of the month With the intention of price increase, the market is stable temporarily. The ex factory price of metallurgical coke of coke production enterprises in Weifang, Binzhou, Dezhou, Jining, Zaozhuang, Heze, Rizhao and Tai’an in Shandong Province has increased by 50 yuan / ton since 0:00 on the basis of the original price. The downstream steel mills did not accept the following 30 days: the high sulfur coke (customized coke) was reduced by 20-50 yuan / ton, the high sulfur coke (s1.5) was reduced by 20 yuan / ton, and the high sulfur coke (s1.8) was reduced by 50 yuan / ton, which was implemented from 0:00 on July 31. Up to now, the price of coke in Shandong is 1800 yuan / ton, the price is stable temporarily. In terms of inventory, the coke inventory of Shandong’s leading steel mills is in a continuous rising state. In the same period of last month, the price of RMB 1 750 / ton in Shanxi was slightly lower than that in the same period of last month, with a slight increase of RMB 1.750/ton.

Summary of domestic port coke market price (unit: yuan / ton)

 
This week, the price of port remained stable. As of the end of the week, there was an increase in port concentration, limited trading volume and low port inventory. As of the end of the week, the trading volume of the port market was slightly poor, and the quotation was temporarily stable. As of the 31st, the current quotation of grade I metallurgical coke was 1850-1870 yuan / ton, with a decrease of 150 yuan / ton compared with the same period of last month. Inventory: Tianjin Port has 240000 tons of warehouse this week, about 10000 tons higher than last week. Rizhao Port has 945000 tons of inventory this week, up 45000 tons compared with last week.

In terms of aftermarket, the business agency believes that in the near future, coking enterprises are more active in shipping, the inventory of downstream steel mills is on the high side in the middle, and most steel mills mainly purchase on demand. At present, coke and steel enterprises are playing games, some manufacturers are mainly waiting and waiting, and the fourth round of price reduction has not been implemented. It is expected that the future market of coke market will be stable temporarily, and there is still possibility of further downward adjustment.

Coke related data in July 2020:

National Bureau of Statistics: in June 2020, China’s coke output was 40.17 million tons: according to the latest data released by the National Bureau of statistics on July 16, 2020, China’s coke production was 40.17 million tons, a year-on-year decrease of 4.2%, and the decline rate was 1 percentage point larger than that of the previous month. From January to June in 2020, China’s coke output was 228.69 million tons, a year-on-year decrease of 2.5%, and the decrease rate was 0.3 percentage points lower than that of January March.

In May 2020, the output of raw coal in Shanxi Province will decrease by 0.6% and Coke will increase by 6.2%

According to the Statistics Bureau of Shanxi Province, in May 2020, the output of raw coal above Designated Size in Shanxi Province was 85.334 million tons, a year-on-year decrease of 0.6%; and a month on month decrease of 620000 tons, a decrease of 0.72%.

From January to may 2020, the cumulative output of raw coal above Designated Size in Shanxi Province is 394.788 million tons, with a year-on-year increase of 1.6%, and the growth rate is 0.6% lower than that of the previous April.

In May, the added value of coal industry increased by 3.6% year-on-year, and that from January to April increased by 0.3%. In addition, in May 2020, the output of coke above Designated Size in Shanxi Province was 9.103 million tons, with a year-on-year increase of 6.2%; and the month on month increase was 237000 tons, an increase of 2.67%.

From January to may 2020, the cumulative coke output above designated size is 40.989 million tons, with a year-on-year increase of 1.3%. The added value of coking industry increased by 6.4% in May and 1.7% in January may.

The time line of three times of raising and lowering in Shandong Province is as follows:

On July 7, the purchase price of coke in Laiwu branch of Shandong Iron and Steel Co., Ltd. was reduced by 50 yuan / ton. After the adjustment, the situation was as follows: quasi first grade metallurgical coke: a12.5, s0.7, csr62, cri30, mt0, and acceptance tax of 2225 yuan / ton, which will be implemented from 0:00 on the 7th.

On the 14th, the purchase price of coke in Laiwu branch of Shandong Iron and Steel Co., Ltd. was reduced by 50 yuan / ton. After the adjustment, the situation was as follows: quasi first grade metallurgical coke: a12.5, s0.7, csr62, cri30, mt0, and acceptance tax of 2175 yuan / ton, which was implemented from 0:00 on the 14th.

On the 21st, the purchase price of coke in Laiwu branch of Shandong Iron and Steel Co., Ltd. was reduced by 50 yuan / ton. After the adjustment, the situation was as follows: quasi first grade metallurgical coke: a12.5, s0.7, csr62, cri30, mt0, and acceptance tax of 2125 yuan / ton, which will be implemented from 0:00 on the 21st.

According to the monitoring data of the business agency, on July 1, 2020, the reference price of 85% formic acid purified water was 1816.67 yuan / ton. As of July 31, the reference price was 1783.33 yuan / ton, which was 1.84% lower than the price at the beginning of the month. In July, the formic acid market showed a steady downward trend.

2、 Market analysis

In July, the domestic industrial grade formic acid market rose as a whole, and the market gradually improved. In the first ten days of July, due to the sufficient supply of goods in the market and the recession of foreign trade export, the inventory of manufacturers in formic acid market has been in a saturated state. The prices quoted by dealers and manufacturers continued to decline for four consecutive weeks. Most of the quotations at the end of the month began to stabilize. Both dealers and manufacturers slightly reduced their quoted prices, with an increase of 50-300 yuan / ton. The market price of formic acid was in a stable state. In late July, most of the enterprises’ prices rose or fell in different ranges, but most of them have risen to around 1800 yuan / ton, and the output of manufacturers is relatively saturated. Some dealers have not adjusted their prices in recent months due to the low competition pressure of market supply. At present, formic acid market has been rising steadily, some of which are still affected by foreign trade.

The domestic liquid ammonia Market of formic acid upstream products fluctuated in July, with the overall price rising and falling in the range of 50-100 yuan / ton; the domestic caustic soda market also showed a stable trend in July, and the downstream products were mainly purchased on demand. The upstream raw material support is good, and the downstream leather and pesticide industry demand is normal.

3、 Future forecast

According to formic acid analysts of the business agency, the domestic formic acid market is in a stable state, with raw materials supporting the formic acid market well, and the market supply is in a relatively saturated state. The market price of formic acid in August may maintain the current quotation if the supply side remains unchanged.