1、 Price data

According to the data in the bulk list of business agency, the price of petroleum coke from local refiners fell slightly this week. On May 29, the average price in Shandong market was 4907.75 yuan / ton, down 1.51% from the price of 4982.75 yuan / ton on May 23.

On May 29, the commodity index of petroleum coke was 381.72, unchanged from yesterday, down 6.60% from the highest point 408.70 in the cycle (2022-05-11), and up 470.67% from the lowest point 66.89 on March 28, 2016. (Note: the period refers to 2012-09-30 to now)

2、 Analysis of influencing factors

This week, the price of petroleum coke in refineries fell, market shipments improved, and downstream enterprises mainly purchased on demand.

Upstream: as the international crude oil price rises, the EU’s oil ban on sanctions against Russia has been delayed, and the expectation of tight supply remains unchanged. With the arrival of summer driving season in the United States, demand is expected to improve, and supply and demand fundamentals are still good for oil prices. OPEC will adhere to the oil production agreement reached last year at the meeting on June 2, increasing the daily output by 432000 barrels in July, rejecting the Western call for faster production increase to reduce soaring oil prices. As the epidemic situation in Asia gradually eases, demand expectations tend to improve. However, the economic recession, the tightening of monetary policy and the spread of monkeypox virus have increased the uncertainty of oil demand prospects, which has led to pressure on oil prices to a certain extent.

Downstream: the price of calcined coke was basically stable this week; The market price of metallic silicon has been lowered; The price of downstream electrolytic aluminum was lowered. As of May 29, the price was 20503.33 yuan / ton. At present, the supply of petroleum coke in the market has increased, and the downstream carbon enterprises are in a strong wait-and-see mood and purchase more on demand.

The petroleum coke analysts of business agency believe that the inventory of imported coke has increased this week, the supply of petroleum coke market has increased, the refineries have actively shipped, and the downstream carbon enterprises have a strong wait-and-see mood, mainly on demand. It is expected that the price of locally refined petroleum coke will be mainly sorted out in the near future.

According to the monitoring data of the business club, as of may27,2022, the market price of organosilicon DMC in mainstream regions was set at 24080 yuan / ton. Compared with the price on may1,2022 (the reference price of organosilicon DMC was 26940 yuan / ton), the price was reduced by 2860 yuan / ton, a decrease of 11.36%.

It can be seen from the data monitoring chart of the business club that in May, the domestic organosilicon DMC market continued to decline as a whole. In the first ten days of May, the organosilicon DMC market operated in a volatile manner. After the big factory in Shandong lowered the price of organosilicon DMC for two consecutive days, it made a rapid correction on the 9th and 10th. The market was disturbed by this rapid rise and fall. The wait-and-see in the downstream became more and more intense, the goods were prepared carefully, and the demand transmission was slow. In the middle and last ten days of May, the domestic organosilicon DMC market opened a downward path. On the 16th, the big factory in Shandong quoted an organosilicon DMC price of 26200 yuan / ton, With certain market advantages in Shandong, some other factories also lowered the price of organosilicon DMC after their orders were less than expected. The gap between high and low prices in the market narrowed. Downstream demand was still cautious and the wait-and-see mood remained unchanged. On the 20th, Shandong big factories lowered the ex factory price of organosilicon DMC to 24500 yuan / ton again. Subsequently, the leading big factories also continued to adjust the price downward to 25000 yuan / ton, but the downstream replenishment was still normal, The effective support of organosilicon DMC was insufficient. At the end of the month, the market focus of organosilicon DMC continued to decline. On the 27th, the quotation of organosilicon DMC from Shandong big factory was 23400 yuan / ton, and the factory price of domestic organosilicon DMC was around 23400-24000 yuan / ton, with a drop of more than 11% in the month. At present, the operating rate of organosilicon DMC is on the high side, the supply on site is relatively sufficient, and the downstream mainly needs replenishment.

In terms of upstream metal silicon, in May, the metal silicon 411# market generally showed a downward trend. According to the monitoring data of business agency, the reference price of metal silicon was 18570 yuan / ton on May 26, a decrease of 10.64% compared with May 1 (20780 yuan / ton).

Aftermarket forecast of organosilicon DMC

At present, the substantial boost of downstream demand for organosilicon DMC has not yet been fully demonstrated. Some downstream companies are still waiting to see the market trend. In addition, the weak raw material side supports organosilicon DMC. Therefore, the organosilicon DMC datagrapher of business society believes that in the short term, the domestic organosilicon DMC Market will be dominated by weak operation. Whether the market trend will meet the inflection point needs to pay more attention to the basic changes in supply and demand.

According to the data monitored by the business agency, the average ex factory tax price of the mainstream light potassium carbonate in Shanxi was 9550.00 yuan / ton at the beginning of the week, 9700.00 yuan / ton at the end of the week, an increase of 1.57%, the current price increased by 6.99% month on month, and the current price increased by 44.35% year-on-year.

Potassium carbonate

The price of potassium carbonate rose this week. As can be seen from the above figure, the potassium carbonate market has fluctuated higher in the past month, and the market continues to rise this week, mainly because of the shortage of goods in the market and the rumor of domestic potassium rising expectation in the market. Driven by this news, the potassium carbonate manufacturers continue to increase their quotation, and the market continues to rise. According to the statistics of business agency, the mainstream factory quotation range of domestic industrial grade potassium carbonate this week is about 9400-9700 yuan / ton (the quotation is for reference only). The quotation is different according to different procurement conditions.

Recently, the domestic market price of imported potassium chloride is temporarily stable. At present, the price of 62% white potassium in the port is about 5300-5400 yuan / ton; The self raised price of 60% Dahong granules in the port is about 5100-5200 yuan / ton. 62% Russian White potassium in border trade is about 4900-5000 yuan / ton. The arrival price of domestic salt lake potassium chloride is about 4400-5000 yuan / ton. The high price of potassium chloride can give strong cost support to potassium carbonate.

Recently, the stock of imported potash port is still declining, new border trade sources are gradually crossing the shore, and the market supply is still in short supply. It is expected that the price of potash will mainly rise in the short term, and the long-term market still needs to wait and see. (the above prices are provided by major manufacturers of potassium nitrate all over the country and sorted and analyzed by potassium carbonate analysts of business society. They are for reference only. Please contact relevant manufacturers for more price details).

This week, the domestic EVA market entered the consolidation stage, and the price has not changed significantly. According to the data monitoring of business agency, the average ex factory price of domestic EVA was 24400.00 yuan / ton on May 17 and 24400.00 yuan / ton on May 24. During this period, the price remained stable, up 19.22% compared with the same period last year.

As of May 24, the ex factory quotation of EVA is as follows:

Products, manufactor., model., Ex factory price

EVA., Yanshan Petrochemical, 18J3., 25000 yuan / ton

EVA., Beijing Organic, Y2022., 22000 yuan / ton

EVA., BASF Yangzi, V5110J ., 26200 yuan / ton

This week, the domestic EVA market entered the consolidation stage after rising, and the overall trend is relatively strong. At present, the market is mixed with bad news. The first is the cost. Recently, the international crude oil price has pushed up, the news is good for the market mentality, and the market price of raw material vinyl acetate has been adjusted at a high level. In addition, the demand for photovoltaic materials is good, which also brings some benefits to the market. There is no obvious fluctuation in the offer of petrochemical enterprises, and the price is stable. However, there are still negative factors. Due to the relatively high EVA price, the downstream has limited ability to accept high prices, cautious attitude, general enthusiasm for entering the market, the overall transaction atmosphere of the market is weak, and the driving force for the continued rise of the market is insufficient.

On the whole, the current international crude oil price is high, and the cost has brought some support to the market. The inventory of petrochemical enterprises is controllable and their mentality is strong. However, the lower reaches have limited ability to accept high prices, the overall trading atmosphere is general, and the bad market is still obvious. The EVA market is expected to maintain consolidation in the short term.

This week (may 16-20), the bottom of domestic butyl acetate was weak, and the price was mainly flat. The main reason is that the cost support of acetic acid upstream of butyl acetate is weakened and the demand is relatively weak. According to the monitoring of business society, butyl acetate rose or fell by 0% this week. At the weekend, the domestic mainstream quotation of butyl acetate is 9700-10000 yuan / ton.

First of all, in terms of cost, acetic acid and n-butanol both stopped rising and fell at a high level. According to the business agency, acetic acid fell by 0.20% this week and n-butanol fell by 0.33% this week.

In terms of acetic acid, the price of domestic acetic acid stopped rising and stabilized this week. According to the monitoring of business society, the weekly decline of acetic acid this week was 0.20%. Due to the sharp price rise in the early stage and obvious resistance in the downstream, the Guangxi Huayi plant resumed operation, and the market supply pressure was significantly relieved. However, after the price of acetic acid stabilized, there was no obvious downward trend, mainly due to the support of downstream demand, and the expected overhaul of large acetic acid plants boosted the price. Overall, the high cost effect of acetic acid still supports the downstream ethyl ester, and the decline of butyl may slow down due to the impact of high cost.

N-butanol: this week, the domestic n-butanol market in Shandong fluctuated slightly. At the beginning of the week, the high-end price on the floor was generally traded. Some n-butanol factories in Shandong made profit and shipped goods. The ex factory price of n-butanol was slightly reduced by about 100-200 yuan / ton, and the ex factory price of n-butanol was referred to about 9800-10000 yuan / ton. Then, in the middle of the week, the low-end price on the floor was well traded, and the n-butanol market rebounded slightly. On the 18th, the n-butanol market in Shandong increased steadily and slightly, with an increase range of around 100 yuan / ton. The ex factory price of n-butanol in Shandong was around 9900-10000 yuan / ton, and the mainstream price of n-butanol in South China was still above 10000 yuan, with a reference of around 10300-10400 yuan / ton. At present, the trading atmosphere of n-butanol is mild, and the downstream inquiry atmosphere is good.

In terms of supply and demand, butyl acetate shows the characteristics of weak supply and demand. On the supply side, the operating rate of manufacturers remains low, the units of large factories in North China are shut down, local supply is tightened, and the market is slightly divided. However, downstream demand has not improved significantly. The market trading atmosphere is poor, and most operators are bearish. Although the epidemic situation has improved, there are still restrictions on local transportation, and the rise of freight rates has suppressed some demand. The substitution of other raw materials has occupied part of the demand for butyl, and the weak demand is the fundamental reason why the price of butyl has not rebounded sharply with the raw materials.

The domestic epoxy resin market fell significantly, mainly due to the decline of both raw materials and liquid resin market. According to the monitoring data of business society, the liquid epoxy resin Market in East China was quoted at 25800-26200 yuan / ton on May 23, which fell at the opening. The offer of liquid resin Market in East China is 25800-26200 yuan / ton in barrels, and the offer of solid resin Market in Shandong is 22200 yuan / ton.

region ., Specifications., offer

East China, E51., 25800-26300

Shandong Province, E12., 22000-22300

Material bisphenol A: wait and see at the opening of the new week and wait for the results of the on-site auction. The auction result of Huadong Petrochemical is that the self offered price of superior products fell by 400 yuan / ton, and the on-site wait-and-see atmosphere increased. Then the offer intention of the cargo holder fell. The downstream pays attention to the progress of the auction and market news. The mainstream offer in East China is up to 16000 yuan / ton.

The high level of epichlorohydrin market fell. The reference price of epichlorohydrin in East China market was 18400 yuan / ton, down 400 yuan from the previous week. After the shortage of epichlorohydrin, the downstream manufacturers did not follow up the high price of epichlorohydrin. At present, the price of glycerol is high, and the price has fallen to near the cost line of glycerol based cyclochlorine, so the intention of glycerol based cyclochlorine manufacturers to continue to lower is not high; However, at present, the gross profit of propylene process cyclochlorine is about 8000 yuan / ton. During the week, the propylene process cyclochlorine factory actively offered profits for shipment, further reducing the focus of negotiation in the cyclochlorine market.

The overall negotiation of epoxy resin market is cold, and the downstream demand side has not changed. It is expected that the epoxy resin will continue to be depressed in the short term.

Price trend:

According to the bulk list data of business society, the domestic ABS market fell this week, and the spot prices of various brands decreased. As of May 20, the average price of mainstream offer of general-purpose ABS was about 13450 yuan / ton, up or down – 5.28% compared with the price level at the beginning of the month.

Factor analysis:

Industrial chain: in terms of raw material styrene, the mainstream price of styrene in Shandong fluctuated this week, with an overall rise. The market was mainly supported by cost benefit, and pure benzene and crude oil boosted the spot price of styrene. The downstream demand is poor in the short term, and the market transaction is weak. It is expected that the styrene market may continue to fluctuate.

Acrylonitrile prices fell this week. In the early stage, there were many news about the resumption of work and commencement in China, and the supply increased. The demand is still lagging behind. There is a contradiction between supply and demand in the field. In addition, the impact of health events on transportation is still ongoing. The downstream demand performance is general. The spot ex factory price is subject to multiple pressures, or will continue to fall.

The domestic butadiene market rose this week. Recently, some devices are still under maintenance, and the supply side is good. Domestic sources of goods are actively exported. Near the weekend, some production enterprises raised their ex factory quotation, which has a good response. Butadiene analysts of business society predict that the domestic butadiene market is expected to rise in the short term.

The overall support of the three upstream materials at the ABS cost end this week is general. In terms of industry load, the domestic production line resumed in the early stage, and the operating rate of ABS enterprises has increased compared with last month. The mentality of manufacturers has weakened and the factory price has been reduced. China’s health incidents still have a great impact on some parts of East China. Logistics and production are affected, which depresses a certain amount of demand. The goods are not smooth in the field, and the offer falls. Tensions in Eastern Europe, Russia and Ukraine remained, causing crude oil to rise in shock. However, the transmission effect of price to ABS industrial chain is general, and the market differences are large. At present, the main bad news in the market is the contraction of downstream demand.

Future forecast:

Business analysts believe that the spot market of ABS fell this week, and the overall trend of the three upstream materials is weak, which is difficult to form a strong support for the cost side of ABS. The domestic spot supply is abundant, and the load of ABS enterprises is higher than that in the early stage. The demand follow-up is not good. At the same time, the load of downstream household appliances and other industries decreases, superimposed with the impact of blocked transportation. The operators have poor confidence in the future market. It is expected that the ABS spot market may continue to be weak in the short term.

The price of orthobenzene rose this week

According to the price trend chart of orthobenzene in business society, the price of orthobenzene rose this week and the price of orthoxylene rose this week. On May 16, the price of o-benzene was 8400 yuan / ton, up 200 yuan / ton or 2.44% from 8200 yuan / ton on May 9 at the beginning of the week. The cost of orthobenzene rose this week and the orthobenzene market picked up.

Mixed xylene prices rebounded and rose this week

According to the trend chart of mixed xylene of business society, the crude oil price fluctuated and rose this week, the price of mixed xylene stopped falling and rose, and the overall mixed xylene market recovered. As of May 16, the price of mixed xylene was 7660 yuan / ton, up 0.66% from 7610 yuan / ton on May 9 at the beginning of the week; Compared with the price of 7330 yuan / ton of mixed xylene on May 1, it increased by 4.50%. The price of mixed xylene rose this week, the cost of o-xylene rose, the downward pressure of o-xylene weakened, and the upward momentum increased.

Downstream phthalic anhydride prices fell weakly

As can be seen from the price trend chart of phthalic anhydride in business society, the market of phthalic anhydride continued to decline this week, and the price of phthalic anhydride fell slightly. As of May 16, the price of phthalic anhydride was 8025.00 yuan / ton, down 0.47% from 8062.50 yuan / ton on May 9 at the beginning of last week; The price of phthalic anhydride decreased by 1.38% from 8137.50 yuan / ton on May 1 at the beginning of the month. This week, the decline of phthalic anhydride price slowed down, the demand for o-xylene was weak, and the downward pressure of o-xylene remained.

Outlook

Analysts of o-xylene data of business agency believe that the crude oil price fluctuated and rose this week, the price of mixed xylene rebounded and rose, and the raw material cost of o-xylene rose; The price of downstream phthalic anhydride fell weakly, the demand for orthobenzene was weak, and the downward pressure of orthobenzene remained. Generally speaking, the cost of orthobenzene is rising, the demand is weak, and the price of orthobenzene is rising. In the future, the driving force for the rise of o-xylene is increasing, and the downward pressure remains. It is expected that the price of o-xylene will stabilize strongly in the future.

On May 18, the cost support was strong, the price of nylon filament rose slightly, the downstream customers had poor enthusiasm for taking goods, purchased on demand, the production and sales of nylon filament factory were general, and the inventory was high. All parties hold a cautious wait-and-see attitude towards the future market, the overall market is relatively flat, and the actual transaction price on the floor is negotiated flexibly.

Market price trend

Nylon price chart

Price trend of nylon POY (86d / 24F)

In terms of price, the price of mainstream nylon filament products increased slightly on May 18. According to the price monitoring of business society, as of May 18, 2022, the quotation of domestic nylon POY (excellent product; 86d / 24F) was 17825 yuan / ton, up 300 yuan / ton from yesterday, with a daily increase of 1.71%; The quotation of nylon filament DTY (superior product; 70D / 24F) is 20120 yuan / ton, up 200 yuan / ton compared with yesterday, with a daily increase of 1.00%; The price of nylon FDY (premium product: 40d / 12F) was reported at 21000 yuan / ton, up 175 yuan / ton from yesterday, with a daily increase of 0.84%.

Raw material cost side: raw material caprolactam rose after the festival, and enterprises mainly sold at a high price. According to the data of the bulk list of business society, the average price of domestic liquid caprolactam market was 13966 yuan / ton on May 9 and 14266 yuan / ton on May 17. It is expected that under the strong trend of raw materials, the price of caprolactam will rise in the short term.

Demand side: the downstream end market demand follows up slowly and purchases on demand, and the purchase volume is limited, resulting in the high inventory of nylon fiber.

Future forecast

From the perspective of supply and demand, the on-site supply of goods is sufficient. Although the goods are actively shipped, the enthusiasm of taking goods in the downstream terminal market is slightly cautious. Most customers set production by sales and just need to take goods. Business analysts expect that the nylon filament market is difficult to recover in the short term and will remain low. However, with the support of good cost side, the price follows the raw material market.

DOTP prices fell first and then rose this week

According to the data monitoring of business agency, the DOTP price fell first, then rose and then stabilized this week, and the overall DOTP market fluctuated and stabilized. As of May 16, the price of DOTP was 12050 yuan / ton, down 0.52% from 12112.50 yuan / ton on May 9 at the beginning of the week. The pressure on raw materials remained this week, the price of DOTP fell first and then rose, and the market shock of DOTP stabilized.

The price of isooctanol fell first and then rose this week

According to the price monitoring of business agency, the domestic isooctanol price fell first and then rose this week. The overall isooctanol market fluctuated and adjusted. As of May 16, the isooctanol price was 12566.67 yuan / ton, down 0.79% from 12666.67 yuan / ton on May 9, and up 1.89% from May 1. After the replenishment, the price of isooctanol fell rapidly this week. From mid May, some isooctanol enterprises underwent equipment maintenance, the supply of isooctanol decreased, the price of isooctanol stopped falling and rose, and the overall isooctanol market stabilized. The price of isooctanol has stabilized, the cost of DOTP has stabilized, and the driving force of DOTP price rise remains.

PTA prices stopped falling and rose this week

According to the price monitoring of the business agency, the PTA price stopped falling and rose this week, and the overall PTA market rebounded and rose. As of May 16, the PTA price was 6835.45 yuan / ton, up 4.39% from the PTA price of 6548.18 yuan / ton on May 9; Compared with the PTA price of 6427.27 yuan / ton on May 1, it increased by 6.38%. The crude oil price was adjusted at a high level. PTA price rose this week, DOTP cost support was large, DOTP had a strong positive momentum, and the downward pressure remained.

Future expectations

According to DOTP data analysts of business agency, the high price of crude oil was adjusted, PTA price fluctuated and rose, the replenishment of customers decreased this week, the price of isooctanol fell, the equipment maintenance increased in the middle of the year, the price of isooctanol stopped falling and rising, the overall driving force for the rise of DOTP cost remained, and the price of DOTP stopped falling and rebounded. In the future, the prices of raw materials PTA and isooctanol stopped falling and rebounded, the cost of DOTP raw materials stabilized, the downward pressure of DOTP weakened, and the upward momentum remained. It is expected that the price of DOTP will be weak and stable in the future.

1、 Price trend

As can be seen from the above figure, the domestic market price of neopentyl glycol increased slightly this week, and the average price of domestic mainstream market price of neopentyl glycol increased from 17333.33 yuan / ton last weekend to 17433.33 yuan / ton this weekend, an increase of 0.58%. On May 15, the commodity index of neopentyl glycol was 84.02, unchanged from yesterday, down 18.91% from the highest point of 103.61 in the cycle (2021-09-22), and up 30.75% from the lowest point of 64.26 on January 3, 2022. (Note: the period refers to the period from September 1, 2021 to now)

2、 Market analysis

The quotation of mainstream neopentyl glycol manufacturers increased slightly this week: the distribution price of Jinan aochen Wanhua neopentyl glycol at the weekend was 17800 yuan / ton, which was temporarily stable compared with last weekend; Zibo de synthetic Feng neopentyl glycol sold at 17000 yuan / ton over the weekend, up 300 yuan / ton compared with last weekend. The distribution price of Chongqing Kaiyin Wanhua neopentyl glycol at the weekend was 17500 yuan / ton, which was temporarily stable compared with last weekend.

From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price rose slightly this week. This week, the average price of isobutyraldehyde in the mainstream domestic market rose from 15166.67 yuan / ton last weekend to 15366.67 yuan / ton this weekend, an increase of 1.32%. The market price of upstream raw materials rose slightly, and the cost support was strengthened. Affected by the supply and demand side, it had a positive impact on the price of neopentyl glycol.

3、 Future forecast

In mid May, the market trend of neopentyl glycol may fluctuate slightly and rise mainly. The upstream isobutyraldehyde market rose slightly, the cost support was strengthened, the downstream coating market was general, and the downstream procurement enthusiasm was weak. Analysts of neopentyl glycol in business society believe that the short-term neopentyl glycol market may rise slightly due to the influence of supply and demand and raw materials.

According to the data of business agency, the domestic MTBE market fluctuated significantly from May 6 to 13. The price of MTBE remained at 7550 yuan / ton at the beginning of the week and 7400 yuan / ton at the weekend. The price decreased by 1.99% during the week, and the price increased by 3.32% month on month and 24.72% year-on-year.

In the first half of this week, because the price rose to a high level, encountered downstream resistance, and the demand weakened. In addition, the prices of other gasoline raw materials were low, MTBE merchants’ sales were blocked and had no choice but to adjust one after another, with a decline of about 200-400 yuan / ton. As the price fell to a low level, the willingness of downstream businesses to replenish on bargain hunting rose. In addition, it coincided with the sharp rise of international oil prices and the rise of gasoline prices. MTBE businesses had strong bullish willingness and followed the rise of prices.

In terms of methanol, macro support may be limited. Basically, the supply may still be abundant, the marginal demand is expected to improve, and the domestic methanol market may be stable in the short term.

Comparison chart of crude oil and MTBE price trend of business society:

Comparison chart of methanol and MTBE price trend of Business Club:

Comparison chart of gasoline and MTBE price trend of business society:

Comparison chart of diesel and MTBE price trend of business society:

In terms of external trading, as of the closing on May 12, the closing price of Asian MTBE market increased by US $11.59/t compared with the previous trading day, and FOB Singapore closed at US $1198.49-1200.49/t. The closing price of European MTBE market increased by 44 US dollars / ton compared with the previous trading day, and FOB ara closed at 1443.99-1444.49 US dollars / ton. The closing price of MTBE market in the United States increased by US $37.70/ton compared with the previous trading day, and FOB Gulf FOB closed at US $1612.12-1612.47/ton (454.12-454.22 cents / gallon).

Region, country., Closing price, Rise and fall

Asia, FOB Singapore, 1198.49-1200.49 USD / T, USD 11.59/ton

Europe, FOB ARA., 1443.99-1444.49 USD / T, USD 44 / ton

U.S.A., FOB Bay, 1612.12-1612.47 USD / ton, 37.70 USD / ton

In terms of enterprises, Shandong Chengtai new material 200000 t / a isomerization unit is being shut down, and at present, it mainly sells a small amount of inventory. MTBE offers 7400 yuan / ton. Shi dashenghua’s MTBE quotation is 7400 yuan / ton. The 200000 t / a isomerization unit started normally. The 400000 T / a mixed alkane dehydrogenation and 350000 t MTBE unit of Shandong Shenchi Chemical Co., Ltd. was shut down for maintenance on December 27, and the specific start-up time is to be determined. MTBE will not be shipped temporarily and there is no quotation. The MTBE quotation of Lihua Yijin Petrochemical is 7400 yuan / ton. The 350000 T / a mixed alkane dehydrogenation unit of Dongming Qianhai chemical started normally, and the MTBE quotation was 7400 yuan / T.

Enterprise, Device, Price

Chengtai chemical /, 200000 t / a isomerization unit is under maintenance, 7400 yuan / ton

Shi dashenghua, The 200000 t / a isomerization unit started normally, 7400 yuan / ton

Shenchi chemical, 400000t / a mixed alkane dehydrogenation and CO production 350000t unit started normally, No shipment for the time being

Lihuayi, 125000 T / a isomerization MTBE unit operates normally, 7400 yuan / ton

Dongming Petrochemical, 350000 T / a mixed alkane dehydrogenation unit starts normally, 7400 yuan / ton

Driven by the favorable market of crude oil and gasoline, the price rebounded after falling and the transaction improved. In addition, some subsequent refineries have been started one after another, and the market demand still exists. However, due to the general trend of gasoline, the demand for raw materials is mainly based on on-demand procurement, and the improvement is limited. Business agency MTBE analysts believe that in the short term, the domestic MTBE market fluctuates mainly in a narrow range.

According to the monitoring data of business society, as of May 12, 2022, the average ex factory price of domestic industrial grade propylene glycol is 11433 yuan / ton. Compared with the price on May 7, 2022 (the ex factory reference price of propylene glycol is 11100 yuan / ton), the average price is increased by 333 yuan / ton, or 2.39%. Compared with the price on May 1, 2022 (the ex factory reference price of propylene glycol is 11300 yuan / ton), the average price is increased by 133 yuan / ton, or 1.18%.

It can be seen from the data monitoring chart of business agency that the domestic propylene glycol market showed a downward trend in the first week of May. At the beginning of this week, the transaction volume of propylene glycol market was light, the downstream demand was limited, and the propylene glycol market continued to decline. On the 10th, the ex factory price of domestic propylene glycol fell to the current low point in May, with the price near 11116 yuan / ton and the low-end price around 10850 yuan / ton. In the middle of the week, on the 11th and 12th, the propylene glycol market finally warmed up. Some propylene glycol factories in Shandong raised the ex factory price of propylene glycol by 200-500 yuan / ton. The increase of propylene glycol foreign trade export gave the operators confidence, the trading atmosphere on the floor improved, the factory inventory pressure decreased, and the transaction focus of propylene glycol increased. As of the 12th, the ex factory price of domestic propylene glycol is around 11300-11600 yuan / ton. At present, the atmosphere in the propylene glycol venue is mild, and the wait-and-see mood in the downstream is relieved.

The price of propylene oxide temporarily fell by 4.04% compared with that in the upstream market on May 11. At present, the price of raw material propylene is weak, the price of liquid chlorine is rising, the pressure on the cost side remains, most of the devices in the field operate at a slightly low load, and the supply side is reduced, but the demand side is cold, the enthusiasm for inquiry and procurement is general, and the focus of market negotiation is temporarily stable. It is expected that in the short term, the propylene oxide market may be stable.

Future trend analysis

At present, the consolidation operation after the rise of the raw material end gives propylene glycol cost support, and the atmosphere in the propylene glycol field has also warmed up. The propylene glycol data division of the business society believes that in the short term, the domestic propylene glycol market is mainly stable, medium and strong, and the specific trend needs to pay more attention to the basic changes in supply and demand and the follow-up of new orders.

After the May Day holiday, the domestic propane market first rose and then declined, with limited fluctuation range, and the price focus of Shandong market moved up slightly. According to the data monitoring of business agency, the average price of propane in Shandong market was 6520.75 yuan / ton on May 1 and 6578.25 yuan / ton on May 7, with an increase of 0.88% and 48.05% compared with the same period last year.

As of May 7, the mainstream prices of propane in different regions in China are as follows:

Region, May 7th

South China, 6600-6700 yuan / ton

North China, 6500-6650 yuan / ton

Shandong Province, 6550-6610 yuan / ton

Northeast China, 6300-6600 yuan / ton

After the May Day holiday, the domestic propane market developed first and then restrained. The price of Shandong market was mainly sorted out, and the fluctuation range was limited. During the holidays, due to the positive rise of international crude oil, the propane market increased. After the festival, the market was bearish and the price weakened. In May, CP prices were introduced, and both propylene and butane fell sharply, bringing bad news to the domestic market. In addition, the current terminal demand is limited, and the downstream market entry enthusiasm is limited. The supply side is relatively sufficient, which brings some restraint to the market.

Saudi Aramco announced in May 2022 that both propylene and butane fell. Propane was 850 USD / T, down 90 USD / T from the previous month; Butane is 860 US dollars / ton, down 100 US dollars / ton compared with the previous month.

At present, the international crude oil price has been rising continuously, which has brought some positive support to the cost side. The market prices in the north and South are relatively strong, and most of them are sideways. However, the domestic market supply is relatively sufficient, the demand has not improved significantly, and the market negative factors are more obvious. It is expected that the price of propane market may weaken in the short term.

After the festival, the price of orthobenzene remained stable temporarily

As can be seen from the price trend chart of o-benzene in business society, the price of o-benzene is temporarily stable after the festival, and the price of o-xylene is stable after the festival. On May 9, the price of orthobenzene was 8200 yuan / ton, which was stable compared with 8200 yuan / ton on May 1 at the beginning of the month. After the festival, the demand for orthobenzene was weak and the orthobenzene market was flat.

After the festival, the price of mixed xylene rebounded and rose

According to the trend chart of mixed xylene in business society, the price of crude oil rose sharply after the festival, the price of mixed xylene rose violently, and the overall mixed xylene market recovered. As of May 9, the price of mixed xylene was 7610 yuan / ton, up 3.82% from 7330 yuan / ton on May 1 at the beginning of the month. After the festival, the price of mixed xylene rose, the cost of o-xylene rose, the downward pressure of o-xylene weakened, and the upward momentum increased.

Downstream phthalic anhydride prices continued to fall

As can be seen from the phthalic anhydride price trend chart of business society, the phthalic anhydride market continued to decline after the festival, and the phthalic anhydride price fluctuated and fell. As of May 9, the phthalic anhydride price was 8062.50 yuan / ton, down 0.92% from 8137.50 yuan / ton on May 1 at the beginning of the month. After the festival, the price of phthalic anhydride fell, the demand for o-xylene was weak, and the pressure of o-xylene decline was great.

Outlook

Analysts of o-xylene data of business society believe that after the festival, the price of crude oil rises, the price of mixed xylene falls, and the raw material cost of o-xylene rises; The price of downstream phthalic anhydride fell, the demand for o-benzene was weak, and the pressure of o-benzene decline was great. Generally speaking, the cost of orthobenzene is rising, the demand is weak, and the price of orthobenzene is temporarily stable. In the future, the upward momentum of o-xylene is weakened, and the downward pressure remains. It is expected that the price of o-xylene will stabilize in the future.

After the festival, DOP prices rose first and then fell

According to the data monitoring of business society, DOP prices rose first and then fell after the festival, and the DOP market stabilized. As of May 9, the DOP price was 11950 yuan / ton, up 1.49% from 11775 yuan / ton on May 1 at the beginning of the month; The price of DOP fell by 1.44% compared with that on May 6. The price of plasticizer DOP fluctuated and stabilized.

The price of isooctanol fluctuated and stabilized

According to the price monitoring of business society, the domestic isooctanol price rose first and then fell after the festival. The overall isooctanol market fluctuated and stabilized. As of May 9, the isooctanol price was 12666.67 yuan / ton, up 2.70% from May 1. After the festival, downstream enterprises replenished more stocks, shipped more isooctanol, and the price of isooctanol rose sharply. After the replenishment, the price of isooctanol fell rapidly, and the overall isooctanol market fluctuated and stabilized. The price shock of isooctanol stabilized, the cost of DOP stabilized, the upward momentum of DOP weakened, and the downward pressure remained.

After the festival, the price of phthalic anhydride fluctuated and fell

According to the price monitoring of business society, the market of phthalic anhydride continued to decline after the festival, and the price of phthalic anhydride fluctuated. As of May 9, the price of phthalic anhydride was 8062.50 yuan / ton, down 0.92% from 8137.50 yuan / ton on May 1. In May, the price of phthalic anhydride continued to decline, fluctuated and fell, the downstream plasticizer manufacturers started to adjust, the demand for phthalic anhydride was insufficient, and the price of phthalic anhydride fell. The cost of DOP raw materials has decreased, and the pressure of DOP price decline is great.

Future expectations

According to DOP data analysts of business society, after the festival, the replenishment of downstream enterprises increased, the price of isooctanol rose sharply, the cost of plasticizer DOP rose, and the price of DOP rose; The downstream start-up slowly warmed up, the downstream demand of DOP warmed up, and the downward pressure of DOP was weak. After the festival, the stock of downstream customers increased, and DOP prices rebounded and rose. In the future, after the stock replenishment after the festival, the plasticizer price fluctuated and rose. After the stock replenishment, the plasticizer price fell rapidly. The raw material price of the overall plasticizer industry chain fluctuated and rose, and the demand stabilized. It is expected that the DOP price fluctuated and stabilized in the future.

According to the monitoring of business agency, the price trend of domestic anhydrous hydrofluoric acid rose this week. By the end of the week, the market price of hydrofluoric acid was 11720 yuan / ton, up 1.38% from 11560 yuan / ton at the beginning of the week and 11.62% year-on-year.

The price trend of domestic hydrofluoric acid rose slightly this week. Up to now, the mainstream price negotiated by various regions of domestic hydrofluoric acid is 11000-11500 yuan / ton, and the quotation of some manufacturers is higher than the market price. The actual transaction price in the market this week is mainly rising. Recently, the domestic spot supply of hydrofluoric acid is normal, and the market price trend of hydrofluoric acid is rising.

Recently, the domestic spot supply of hydrofluoric acid in the field is slightly tight, and some hydrofluoric acid units in the field are still in shutdown. However, the price trend of fluorite, the raw material upstream of hydrofluoric acid, has risen. Up to now, the mainstream of hydrofluoric acid negotiation in the south is 11100-11500 yuan / ton, and the price of hydrofluoric acid in the north market is 11000-11400 yuan / ton. Due to the recent rise in the price trend of domestic sulfuric acid, the market price of hydrofluoric acid continued to rise, and the downstream construction remained at a low level. However, the on-site procurement was general, the transaction was limited, and the market price trend of hydrofluoric acid increased slightly.

The market price of hydrofluoric acid raw material fluorite rose slightly. By the end of the week, the domestic fluorite price was 2605.56 yuan / ton. The price trend rose slightly this week. Recently, the domestic spot supply of fluorite was slightly tight, and the domestic fluorite devices were under normal operation. Due to the epidemic, some devices have not been started yet. In general, the on-site supply was slightly tight, and the domestic fluorite price rose slightly this week. Up to now, the mainstream of domestic fluorite negotiation is 2550-2650 yuan / ton. Due to the rising price trend of fluorite, the price of hydrofluoric acid in the venue has increased slightly.

This week, the price of downstream refrigerant products remained low, the operating rate of the on-site refrigerant industry remained low, and the recent sales situation of the automobile industry was general, but the production of refrigerant manufacturers was general, the refrigerant market was depressed, the demand was mainly purchased on demand, and the market of the refrigerant industry did not change much. On the whole, the refrigerant market remains at a low level, the price trend of chloroform is temporarily stable, and the cost of the refrigerant industry has little change. At present, the price trend of refrigerant R22 is temporarily stable. The operation of major refrigerant mainstream manufacturers is still not high, and the market supply is normal, but the demand does not improve. The demand in R22 market application field increases, and the enterprise quotation remains stable. Up to now, the R22 market quotation is in the range of 17000-19000 yuan / ton. The price trend of domestic R134a is temporarily stable, the price of trichloroethylene remains low, the cost support drops, the market price trend of R134a is temporarily stable, and the focus of trading is low. At present, the market quotation of R134a is in the range of 24000-25000 yuan / ton, the high price transaction is weak, the market sentiment is poor, the enterprise’s eagerness to ship is obvious, the actual transaction is mostly profitable, and the downstream refrigerant market is depressed. Due to this, the price of hydrofluoric acid has little increase.

From the industrial chain chart, the market of fluorine chemical industry has improved, the price of raw material fluorite has increased slightly, coupled with the rise of raw material price of sulfuric acid, and the price of downstream refrigerant products has fluctuated. However, recently, some domestic hydrofluoric acid units have not been started up, and the downstream refrigerant industry has not changed much. Chen Ling, hydrofluoric acid analyst of business society, believes that the market price of hydrofluoric acid may be stable.

The domestic epoxy resin market is stable as a whole, the liquid resin market is running firmly, and the offer is stable within the week, but the low-end price of real orders is reduced. In terms of solid resin, the cost support is strong, but the terminal demand is difficult to be significantly improved, and the transaction has not been significantly adjusted. According to the monitoring data of business society, the market offer of liquid epoxy resin in East China was 25400-25800 yuan / ton on April 22, which was stable during the week and the market was cold. As of press time, the offer of liquid resin Market in East China is 25300-25800 yuan / ton, and the offer of solid resin Market in Shandong is 22500-22800 yuan / ton.

Bisphenol A, the raw material, has been in strong operation. As of the press release, the market negotiation is 16750-16800 yuan / ton, and Changchun chemical industry is 16800 yuan / ton, Lihua yiweiyuan is 16500 yuan / ton.

Epichlorohydrin market fell. Recently, the market of raw material propylene has been sorted out and operated. The price of raw material glycerol is mainly stable, and there is a certain support on the cost side. The cargo holders are actively shipping, and the downstream demand has not been significantly improved. The enthusiasm for inquiry and procurement before the festival is not high. Under the restriction of demand, the high-end negotiation is weak, and the market of epichlorohydrin is weak.

The overall negotiation of the epoxy resin market is cold, and the downstream demand side has not improved. The main reason is that the current logistics resistance is large and the transaction difficulty is increasing. It is expected that the epoxy resin will be consolidated in the short term.

In April, the domestic polysilicon market continued the trend of the first three months, and the price continued to rise. According to the monitoring of business society, polysilicon rose by 3.16% on a monthly basis. The main reason for the rise of silicon material is still the tight supply and the support of rising prices of downstream silicon wafer manufacturers. The high opening rate of silicon wafer ensures the stable purchase volume; Due to the improvement of profits of battery chip and component manufacturers and the high price of imported silicon materials. At the end of the month, the price range of polysilicon material is 205000-215000 yuan / ton, and the price range of single crystal material is 245000-260000 yuan / ton.

In terms of supply, the supply of silicon material enterprises is stable this month. The operating rate of domestic silicon material manufacturers is relatively high. There are 12 domestic polysilicon production enterprises in production. In mid April, two of them carried out equipment maintenance and repair, which affected part of the output. In addition, some enterprises, such as Daquan and Yongxiang, expanded their production and released the supply increment. After offsetting the two, the overall supply increased slightly compared with the previous month. At present, the supply is still tight compared with the relatively strong demand.

The orders of most large factories in may have been signed at the beginning of the month, and some scattered orders have flowed out, continuously pushing up the market reference price of silicon materials. At the end of June, enterprises successively signed new orders in June, and some enterprises signed them, and the demand increased unabated. The continuous shortage of supply is the main reason for the continuous rise of silicon material price.

In terms of intermediate products, large silicon wafer manufacturers continued to raise prices this month. On April 13, Longji raised the quotation of some silicon wafers. On April 27, Longji and central raised the quotation of some silicon wafers again. At present, the price of silicon wafer has reached an unprecedented high, which forms a strong support for silicon material and puts great pressure on downstream battery chips and components. In the middle and late ten days, silicon wafers operated at a high level, and the price tended to stabilize. Near the end of the month, the mainstream transaction price of M6 rose to about 5.72 yuan / piece, that of M10 rose to about 6.86 yuan / piece, and that of G12 rose to about 9.05 yuan / piece.

Battery chips and components: this month, the market demand for battery chips and components is mainly stable. After the price rise of battery chips in the middle of the month, the market is still in the process of gradual acceptance. After the price adjustment of silicon chips at the end of the month, the price adjustment of battery chips does not appear temporarily, and the profits of enterprises are squeezed again. The transportation is limited due to the current epidemic, and the shortage of downstream components also contributes to the recovery of battery chips. However, the demand for single crystal M6 size silicon wafer is relatively flat, the demand for M10 and G12 size is strong, and the price support is sufficient. On the component side, the price changes little. On the one hand, affected by the epidemic, it is difficult to get the goods, so we have to control the production capacity; Moreover, terminals generally resist high prices, which suppress some demand.

In the aftermarket forecast, polysilicon analysts of business society believe that the overall performance of the photovoltaic industry is still strong, and the shortage of silicon material supply is difficult to ease in the short term. In particular, some manufacturers still have maintenance plans in May, which will keep the supply tight. The price of high silicon material will be significantly supported. However, the upstream and downstream game situation has been formed. Although the silicon material manufacturers still take the initiative in the bargaining power, the downstream resistance to high prices will put pressure on the rising trend of silicon material. The market is expected to slow down in the near future.

According to statistics, the domestic market price of ammonium nitrate rose in April. By the end of the month, the market price of ammonium nitrate was 4600 yuan / ton, up 5.02% from 4380 yuan / ton at the beginning of the month and 54.36% year-on-year.

In April, the domestic market price of ammonium nitrate rose, the domestic ammonium nitrate manufacturers operated stably, the supply of goods in the field was normal recently, the delivery of goods in the field was general, the manufacturer’s inventory was low, the coal price in the upstream of the terminal was stable, the price of liquid ammonia rose, and the downstream demand was general. The price of ammonium nitrate rose due to the rise of raw materials. Recently, the shipment market of ammonium nitrate manufacturers is normal, and the downstream is purchased on demand. Recently, the trend of nitro compound fertilizer in the downstream is stable. There are still many production stops in the domestic downstream civil explosive industry. In addition, the sales of civil explosive industry has come to an end, the domestic ammonium nitrate manufacturers are operating normally, and the price of ammonium nitrate Market is higher supported by raw materials. Up to now, the mainstream negotiation in Shaanxi is 4800-5000 yuan / ton, the mainstream negotiation in Shandong is 4500-4600 yuan / ton, and the price in Hebei is 5200-5300 yuan / ton.

The price trend of domestic concentrated nitric acid rose in April. By the end of the month, the average price of domestic nitric acid was 2450 yuan / ton, up 5.76% from 2316.67 yuan / ton at the beginning of the month. Shaanxi Xinghua offers 2300 yuan / ton; Anhui Jinhe offers 2500 yuan / ton. Recently, the operation of domestic nitric acid plants is stable, the supply of concentrated nitric acid market is normal, and the delivery of goods in the field is rising. In April, the price trend of nitric acid market is rising, and the price trend of raw nitric acid is rising, which has a certain positive impact on the ammonium nitrate Market, and the price trend of ammonium nitrate Market is rising.

The price trend of domestic liquid ammonia Market in the upstream in April continued to rise. As of the end of the month, the price of liquid ammonia was 5066.67 yuan / ton, up 2.63% from 4936.67 yuan / ton at the beginning of the month. The domestic liquid ammonia Market recovered, the prices in Shandong and Hebei continued to rebound, and the mainstream transaction price of liquid ammonia was 4900-5100 yuan / ton. It is mainly due to the reduction of supply in the region, the failure of some units, and the continuous rise of the downstream urea market. Enterprises turn more urea, resulting in the tightening of ammonia release and the rise of liquid ammonia price. The price rise of upstream liquid ammonia forms a certain positive support for the ammonium nitrate Market, and the market price of ammonium nitrate rises accordingly.

Recently, the spring ploughing has come to an end. The market demand for ammonium nitrate has decreased, but the market price of raw materials remains high, which has brought some positive support to the ammonium nitrate Market. However, the sales of civil explosive industry has weakened. The ammonium nitrate analysts of business society believe that the market price of ammonium nitrate will remain stable in the later stage, or will change little.

According to the data of business agency, as of April 29, the average price of domestic fuel oil 180CST was 6310.00 yuan / ton (including tax), down 0.16% from 6320.00 yuan / ton on April 25.

On April 29, the fuel oil commodity index was 127.80, unchanged from yesterday, down 2.47% from the highest point 131.04 in the cycle (2022-03-24), and up 177.34% from the lowest point 46.08 on August 15, 2016. (Note: the period refers to the period from September 1, 2011 to now)

International crude oil prices fluctuated and rose, and the high price of domestic marine oil raw materials supported the cost of fuel oil 180CST. According to the business news agency, as of April 29, the self raised low sulfur quotation of 180 CST fuel oil and 120 CST fuel oil in Zhoushan area was 6200 yuan / ton, and the self raised low sulfur quotation of 6300 yuan / ton; The quotation of 180 CST self extracting low sulfur fuel oil in Shanghai is 6350 yuan / ton, and the quotation of 120 CST self extracting low sulfur fuel oil is 6450 yuan / ton.

Under the background that the international crude oil price fluctuates and rises, and the geopolitical conflict between Russia and Ukraine continues to disturb the market, it will aggravate the expectation of tightening oil supply in the future. In addition, in terms of other supply factors, the organization of Petroleum Exporting Countries (OPEC) has continued the gradual and small increase in production policy, which will stabilize the tightening of crude oil supply, with little effect. The OPEC monthly meeting may be held on May 5. Considering the binding interests of OPEC and its Russian allies, the possibility of policy change is small. The market generally expects that there is a high possibility of a small increase in production in June. On the whole, the trend of crude oil prices rose in April.

Singapore’s fuel oil inventory decreased, which supported fuel oil prices. It is understood that the Singapore enterprise development authority (ESG): as of the week of April 27, Singapore’s fuel inventory decreased by 3.959 million barrels to a seven month low of 19.144 million barrels. As of the week of April 27, Singapore’s light distillate oil inventory increased by 268000 barrels to 13.266 million barrels, the highest since March 30. As of the week of April 27, Singapore’s medium distillate stocks fell 1.98 million barrels to a three week low of 7.043 million barrels.

Future forecast: the international crude oil price fluctuates, and the cost of ship fuel market is high. At present, the ship fuel market is mainly stable temporarily. Affected by the epidemic, the transportation of ship fuel market is blocked, the market wait-and-see mood is strong, the market is just in need, and the overall transaction is light. At present, the low sulfur market price of fuel oil 180CST is about 6200-6300 yuan / ton, and the low sulfur market price of fuel oil 120cst is about 6300-6400 yuan / ton. It is expected that the fuel oil 180CST market may be dominated by consolidation in the near future.

1、 Price trend

According to the bulk list data of business society, mixed xylene rebounded slightly at the end of the month after a wide decline this month. On April 1, the price of mixed xylene was 7720 yuan / ton; On April 28, the price was 7330 yuan / ton, down 5.05% from the beginning of the month and up 25.3% from the same period last year.

2、 Analysis and comment

Affected by public health incidents, logistics and transportation in many places in China are blocked, some reservoir areas in East China are blocked, market transactions are light, and the mentality of operators is pessimistic. As the demand for xylene in the lower reaches of Shandong rebounded, the demand for xylene in the middle and lower reaches of Shandong rebounded in the second half of the year. However, there was no active air filling operation in the downstream before the festival, and the price fell slightly at the end of the month.

In terms of crude oil, under the influence of the political situation in Russia and Ukraine, crude oil has experienced a sharp rise and fall, and the EU embargo on Russian oil has become a market concern. As of April 28, Brent fell 0.32 USD / barrel, or 0.3%; WTI rose $5.08/barrel, or 5.07%.

In terms of external trading, mixed xylene in Asia fell in shock this month. On April 28, the price of mixed xylene imported from South Korea was 1080.5 US dollars / ton, down 24 US dollars / ton month on month, down 2.17%; The reference price of domestic imported mixed xylene was 1096.5 US dollars / ton, down 22 US dollars / ton month on month, down 1.97%.

In the PX market, the domestic PX price stabilized this month and fell broadly at the end of the month. The price was 9300 yuan / ton at the beginning of the month and 8900 yuan / ton at the end of the month. The price fell by 4.3% compared with the beginning of the month and increased by 39.06% compared with the same period last year.

In terms of ox market, the price of ox in East China fell broadly this month, with the price at 9000 yuan / ton at the beginning of the month and 8200 yuan / ton at the end of the month, down 8.89% from the beginning of the month and up 38.98% from the same period last year.

In terms of gasoline, gasoline in Shandong rose sharply in the second half of this month after a shock decline. The price was 8775 yuan / ton at the beginning of the month and 8800.8 yuan / ton at the end of the month, an increase of 0.29% over the beginning of the month and 18.04% over the same period last year.

3、 Future forecast

The cost side (crude oil), the situation between Russia and Ukraine and the uncertainty of the EU on the prospect of banning the import of Russian oil are still the main factors affecting the oil price, and the trend of crude oil in May continues to fluctuate violently. In the future, we will continue to pay attention to the geopolitical situation, OPEC + decision on output, the inventory dynamics of U.S. crude oil and refined oil, and the impact of global economic conditions on crude oil prices.

The short-term logistics transportation and demand still restrict the trend of mixed xylene. If the logistics recovers in the later stage, the demand for mixed xylene may improve, and the price may rise. Continue to pay attention to the impact of crude oil market, external market trend, mixed xylene unit dynamics, port inventory and downstream demand on mixed xylene price.