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.

Trend analysis

According to the monitoring data of business society, the copper price first rose and then fell in April. At the beginning of the month, the copper price was 73670 yuan / ton. At the end of the month, the copper price rose slightly to 74075 yuan / ton, with an overall increase of 0.55% and a year-on-year increase of 4.45%.

According to the current chart of business society, in April, the spot price of copper was higher than the futures price, and the main contract was the expected price in two months, indicating that everyone was optimistic about the future market of copper price.

According to LME inventory, copper inventory rebounded in April.

Macro aspect: according to the data of the National Bureau of statistics, in March, the purchasing manager index (PMI) of China’s manufacturing industry was 49.5%, down 0.7 percentage points from the previous month, lower than the critical point, and the overall prosperity level of the manufacturing industry fell somewhat. Due to the complex international situation and repeated domestic epidemics, China’s macro economy is facing unprecedented pressure, macro risks still exist, non-ferrous metals are under obvious pressure, and the price fluctuation range is increased.

In terms of supply: since March, there have been outbreaks in many places in China. Measures such as 24-hour nucleic acid in the market and nucleic acid at the scene of high-speed intersections have been introduced one after another. The logistics is not smooth, resulting in the overstock of inventory in the factory and in transit of some enterprises. The short-term social inventory will continue to increase, which will suppress the price of raw materials.

Demand: the impact of the epidemic on downstream and end consumption will continue to ferment. Some cities still have strict prevention and control policies. Some downstream processing enterprises are facing problems such as insufficient raw materials and difficult capital turnover. The operating rate of enterprises has declined and the market consumption has been significantly affected.

From the above situation, it has always been the traditional peak consumption season from March to April, but this year’s “gold, silver and four” did not appear. Under the continuous interference of the domestic epidemic, the market demand is weak, the logistics transportation in many places is blocked, and the operating rate of downstream processing enterprises is far lower than that in the same period last year. On the eve of the domestic May Day holiday, the downstream terminal is expected to have a wave of demand for goods, or support the copper price. However, the hawks of the Federal Reserve raising interest rates and shrinking tables at the weekend suppressed the price. Overall, the market uncertainty is still high. The epidemic situation may improve in May, and the copper price or shock is expected to be strong.

Price trend

According to the bulk list data of business society, the domestic PA66 market fell weakly in April, and the spot prices of various brands fell significantly. As of April 27, the average ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 26750 yuan / ton, with an increase or decrease of – 13.71% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: upstream, the price of domestic adipic acid gradually fell in April, and the market stopped falling and stabilized at the end of the month. In the middle of the month, the prices of pure benzene and cyclohexanone fell, the supply of adipic acid increased, while the terminal demand was still cautious and the transaction was not ideal, resulting in the continuous weak operation of adipic acid. The domestic supply of adiponitrile is abundant, the level of port arrival is general, and the overall support effect on PA66 spot is limited.

The upstream raw material adipic acid has a poor market, the market supply of adiponitrile is abundant, and the cost side support of PA66 is general. At present, there are limited changes in the operating rate of the industry, and the load level of domestic PA66 enterprises is generally in high dynamic balance. There is a lot of spot supply on the site, which has a certain suppression on the profits of PA66 enterprises. In terms of port, the inventory position is acceptable, and the arrival volume of overseas goods is general. In terms of demand, at present, terminal enterprises take goods to follow up, prefer to just need to maintain production, and have strong resistance to high price goods. In addition, at present, the impact of domestic health events on East China has not ended, and logistics in many places have been affected to varying degrees. The demand of some downstream factories in China has shrunk, the contradiction between supply and demand has become more and more serious, and merchants have great shipping resistance. On site transactions declined, the seller’s mentality was poor, and the operation continued to reduce prices and take orders.

Future forecast

Business analysts believe that the spot price of PA66 continued to decline weakly in April. The market of adiponitrile on the raw material side was weak, the market of adipic acid also fell, and the cost side support of PA66 was poor. The load of PA66 enterprise is high, the on-site supply is sufficient, and the inventory pressure of enterprises and midstream increases. The demand side has a deep resistance to the supply of high price goods, and the market trading continues to be sluggish. It is expected that PA66 may maintain a weak market due to the contradiction between supply and demand in the short term.

According to the data monitored by the business community, as of April 26, the average quotation price of domestic premium DMF enterprises was 13250.00 yuan / ton. In April, the price of DMF was mainly downward, down 8.63% compared with the beginning of April and 9.86% compared with the same period last month. At present, the mainstream price is 13200 yuan / ton. The overall trend is weak and volatile, with a narrow upward trend.

The price of DMF of Jinan Chemical Co., Ltd. fell by 1270.00 tons in the same period last week, and the price of DMF of Jinan Chemical Co., Ltd. was the weakest in the same period. Compared with the start-up price of March / April, the price of DMF of Jinan Chemical Co., Ltd. fell by 1270.00 tons in the same period. At present, the price of DMF of Jinan Chemical Co., Ltd. was the weakest in the market. Compared with the beginning of December, the price of DMF of Jinan Chemical Co., Ltd. fell by 1270.00 tons in the same period, and the price of DMF of the downstream, Jinan aochen Chemical Co., Ltd. was 12000 yuan / ton, guanjiuzhou (Shandong) Energy Technology Co., Ltd. was 14000 yuan / ton, Shandong Shengxu Energy Co., Ltd. was 13800 yuan / ton, Shandong Chengze Chemical Co., Ltd. was 12800 yuan / ton, Jiangsu Leien Environmental Protection Technology Co., Ltd. was 12000 yuan / ton, and upstream methyl alcohol. As of April 8, the average price of domestic methanol production enterprises was 3022 yuan / ton, up 26.46% year-on-year. The price of crude oil is weak, the price of coal continues to decline, the supply is sufficient, the traditional demand is weak, the demand for olefins is good, the price in the main production areas in the short term is expected to be lowered, and the price in the consumer market is lower.

From mid April to April 15, the DMF market was weak and the price fell. Compared with the same period last week, the price fell by 6.25%. At present, the mainstream price range is about 12000-13000 yuan / ton, and the negotiation focus is weak. At present, the manufacturer’s shipment is slow, the inventory is general, the operating rate is normal, and the downstream just needs to purchase. The manufacturer has successively reduced the price. The latest quotation of the manufacturer is 11700 yuan / ton of Shandong Chengze Chemical Co., Ltd, Jinan Qichen Chemical Co., Ltd. was 11700 yuan / ton, Liaocheng Jinrui New Material Co., Ltd. 11700 yuan / ton, Jinan yingsen Chemical Co., Ltd. 11700 yuan / ton, Jiangsu Leien Environmental Protection Technology Co., Ltd. 11800 yuan / ton, upstream methanol. As of April 14, the average price of domestic methanol production enterprises was 2795 yuan / ton, up 17.93% year-on-year. Factors such as higher crude oil, strong coal prices and spring maintenance supported the mentality of the industry, and the transaction atmosphere in the domestic methanol market improved.

From late April to April 22, the domestic DMF price was relatively strong. Compared with the same period last week, the price increased by 5.32%. At present, the mainstream price range is 13200-13500 yuan / ton. The transaction atmosphere is fair, the negotiation atmosphere is positive, the manufacturer’s shipment is smooth, the downstream just needs procurement, and the logistics is smooth. The latest quotation of the manufacturer: Jinan aochen Chemical Co., Ltd. 13500 yuan / ton, Jiangsu Leien Environmental Protection Technology Co., Ltd. 13200 yuan / ton, Shandong Chengze Chemical Co., Ltd. 13500 yuan / ton, Shandong Haideng New Material Co., Ltd. 13000 yuan / ton, Liaocheng Jinrui New Material Co., Ltd. 11800 yuan / ton, upstream methanol. As of April 20, the average price of domestic methanol production enterprises was 2837 yuan / ton, up 0.98% from the previous trading day and 16.29% year-on-year. The production cost of methanol is weakened, the supply in the mainland is abundant, and the downstream just needs to purchase. The short-term domestic methanol market is dominated by consolidation.

Chemical commodity index: on April 25, the chemical index was 1172 points, up 1 point from yesterday, down 16.29% from the highest point of 1400 points in the cycle (2021-10-23), and up 95.99% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to the period from December 1, 2011 to now)

DMF analysts of business agency believe that: it is expected that the DMF market will operate stably, moderately and strongly in the short term, and the price will rise slightly. (if you want to know more about the latest market trends of the industrial chain, you are welcome to pay attention to the official account of the business club, obtain commodity information and master commodity prices)

The lead market (4.15-4.22) fluctuated upward this week. The average price of the domestic market was 15375 yuan / ton last weekend and 15655 yuan / ton this weekend, up 1.82% this week.

The K-bar chart of commodity price uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investment according to the changes of K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall.

According to the price monitoring of the trading society, in the list of commodity prices rising and falling in the 16th week of 2022 (4.18-4.22), there are 11 kinds of commodities rising month on month in the non-ferrous sector, and the top three commodities are dysprosium ferroalloy (2.77%), dysprosium oxide (2.57%) and nickel (2.54%). A total of 9 commodities fell month on month, and the top 3 products were magnesium (- 3.98%), silver (- 3.89%) and electrolytic manganese (- 2.22%). Both rose or fell by 0.07% this week.

Lead futures market on April 22, 2022

varieties., Closing price, Compared with the same period last week, Inventory

Shanghai lead, 15695 yuan / ton+ 205., 86286 tons

London lead, USD 2387 / T- 61., 39725 tons

In terms of futures market, the trend of Lun lead shock this week, with the main shock range of US $2390-2488 / ton. After the market recovered on Tuesday, it fell for two consecutive days. This week, the main contract of Shanghai lead changed months, and the overall trend fluctuated upward, with a weekly rise of 1.85%, which was mainly boosted by national policies. Shanghai lead was mainly boosted by the overall environment. The domestic inventory fell significantly during the week, which boosted the lead price again.

The futures trend is divided, with domestic strength and LME weakness. The spot market mainly follows the trend of Shanghai lead, and this week is also a shock upward trend. With the gradual recovery of domestic transportation, the market mentality was boosted. However, as the market entered the off-season in April, the demand for storage batteries began to decline, and the burden of enterprises was reduced more. The downstream storage battery enterprises mainly purchased on demand. Affected by this, the overall domestic market trading was light and the overall transaction was weak.

In the aftermarket, the business community believes that the downstream gradually enters the off-season, and the support for the demand for lead ingots is limited. It is expected that the lead price will remain volatile, focusing on the impact of the futures market.

1、 Price trend

As can be seen from the above figure, the domestic market of imported potassium chloride has been consolidated at a high level this week, and the quotation is 5133.33 yuan / ton. The ex factory price of domestic potassium chloride was temporarily stable this week. This week, the factory price of potassium chloride in domestic salt lakes is about 3500 yuan / ton. On April 23, the commodity index of potassium chloride (import) was 135.09, unchanged from yesterday, hitting a record high in the cycle, up 39.69% from the lowest point of 96.71 on September 16, 2021. (Note: the period refers to the period from September 1, 2021 to now)

2、 Market analysis

The quotation of mainstream domestic potassium chloride manufacturers this week is temporarily stable: the ex factory price of Qinghai Salt Lake potassium chloride at the weekend is about 3500 yuan / ton, which is temporarily stable compared with that at the beginning of the week. Youdeshi’s potassium chloride distribution quotation this weekend is 5100 yuan / ton, which is temporarily stable compared with that at the beginning of the week. Zibo Dehe’s potassium chloride distribution quotation this weekend is 5300 yuan / ton, which is temporarily stable compared with that at the beginning of the week. The price of potassium chloride this weekend was 5000 yuan / ton, compared with that of Anhui Badou last weekend. The price of 62% white potassium in the port is about 5100 yuan / ton. The price of 60% Dahong granules in the port has been raised by about 5000-5100 yuan / ton. Border trade 62% Russian White potassium is about 4800-4900 yuan / ton.

From the downstream market of potassium chloride, the ex factory price of potassium carbonate was adjusted at a high level this week, with a quotation of 9066.67 yuan / ton, up 35.58% year-on-year compared with the same period last year. The ex factory price of potassium nitrate was adjusted at a high level this week, and the quotation was 7050.00 yuan / ton, up 61.14% year-on-year compared with the same period last year. On the whole, the downstream market of potassium chloride has been consolidated at a high level, and the downstream demand for potassium chloride is general.

3、 Future forecast

In late April, the overall trend of potassium chloride market may fluctuate and rise in a narrow range. The price of potassium chloride in Salt Lake and zangge has been adjusted at a high level, but the market supply is still limited and the supply is relatively tight. As spring ploughing approaches the end, agricultural demand weakens and traders generally take goods. In terms of industry, the downstream market of potassium chloride is consolidated at a high level, the downstream demand is good, and the just need to purchase is mainly. The international price of potash fertilizer is adjusted at a high level, and the domestic potash fertilizer is still likely to rise. Potassium chloride analysts of business society believe that the import price of domestic potassium chloride may rise slightly in the short term.

This week (April 11-15), domestic ethyl acetate reversed the previous upward trend and the price fell back. According to the statistics of business agency, the decline this week was 3.06%, mainly due to the lower price of acetic acid raw materials, the main factories in Shandong stopped bidding and changed to retail, affecting the market mentality and the weak downstream demand. At the weekend, the price of ethyl acetate was in the range of 8200-8500 yuan / ton.

First of all, from the perspective of cost, the domestic acetic acid market fell this week. According to the monitoring of business society, the price of acetic acid fell by 2.11%, and the overall transaction was average. Due to the impact of public health events, the transportation in some areas is not smooth, especially in the main production areas of central China, Shandong and East China. This week, the large plants in Henan were shut down for maintenance and the main factories in Shandong were started with reduced load. On the one hand, the downstream demand was low, on the other hand, the transportation problem and higher freight costs led to the high inventory of manufacturers and the natural downward pressure on manufacturers’ prices.

From the above figure, the price comparison chart of acetic acid and ethyl acetate shows that they basically maintain the same trend, but the decline of acetic acid is more obvious, the price performance is weak, and the curve is close, indicating that the profits of downstream ethyl acetate enterprises are still improving.

In addition, from the perspective of ethyl acetate supply, the operating rate of ethyl acetate was stable this week, and the main large factories in Shandong maintained normal operation. This week, manufacturers generally reduced the ex factory price by about 300 yuan / ton. At present, the factory is still retail, and there is no large volume of transactions. Some manufacturers in South China have reduced their production load. At present, the manufacturer’s inventory pressure is obvious, mainly reducing prices and arranging inventory, but the market expectation has weakened. At present, the supply of ethyl acetate exceeds the demand.

On the demand side, dealers and downstream factories have weak purchase intention this week, mainly with small orders and low-end prices. Due to the general impact of national public health events, the transportation is limited, the freight is higher than that in the previous period, and the circulation of goods is insufficient, which further limits the demand for ethyl acetate.

In the future, the analysts of ethyl acetate of business society believe that the current cost of ethyl acetate is declining, the supply and demand are weak, and the operating rate of ethyl acetate manufacturers remains stable. However, it does not rule out the reduction of load production due to sluggish transactions and poor profits in the later stage, and the supply pressure may be relieved in the later stage, but considering the weakness of cost, the price is difficult to improve too much.

This week, the lead market (4.8-4.15) “V” trend. The average price of the domestic market was 15415 yuan / ton last weekend and 15375 yuan / ton this weekend, down 0.26% this week.

The K-bar chart of commodity price uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investment according to the changes of K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall.

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 15th week of 2022 (4.11-4.15), there are seven kinds of commodities rising month on month in the non-ferrous sector, including one kind with an increase of more than 5%, accounting for 4.3% of the monitored commodities in the sector; The top three commodities were nickel (10.71%), zinc (3.15%) and silver (2.77%). A total of 14 kinds of commodities decreased month on month, and 5 kinds of commodities decreased by more than 5%, accounting for 21.7% of the monitored commodities in this sector; The products with the top three declines were dysprosium (- 11.07%), praseodymium neodymium alloy (- 6.39%) and praseodymium neodymium oxide (- 5.78%). The average rise and fall this week was – 1.47%.

Lead futures market on April 15, 2022

varieties., Closing price, Compared with the same period last week, Inventory

Shanghai lead, 15490 yuan / ton+ 50., 95914 tons

London lead, US $2448 / ton+ 38., 39825 tons

In terms of futures market: Lun lead is dominated by the shock trend this week, and the overall operation range is US $2365-2450 / ton. At the beginning of the week, the metal market was generally under pressure and the overall performance was poor. The price of Lun lead was dragged down, and then the fundamental crude oil rose again, boosting the market mentality, and Lun lead hit the bottom and rebounded. Shanghai lead fluctuated in the range of 15580-15305 yuan / ton. The inventory rebounded this week, but the overall wait-and-see mood was heavy and the trend was weak. The cumulative decline in the week was 0.1%.

Basically, at present, the operating rate of primary lead enterprises has increased slightly. In terms of recycled lead, due to the limited transportation, the cross provincial transportation has a certain impact, and the overall operating rate is limited. In terms of downstream demand, with the market entering the off-season in April, the demand for storage batteries began to decline, and there were many cases of enterprise burden reduction. Downstream storage battery enterprises mainly purchased on demand, coupled with limited transportation, the demand was suspended.

In the aftermarket, the business community believes that the downstream gradually enters the off-season, and the support for the demand for lead ingots is limited. It is expected that the lead price will remain volatile, focusing on the impact of the futures market.

According to the monitoring sample data of business society, as of the morning of April 19, the average price of melamine enterprises was 10300.00 yuan / ton, down 8.31% compared with the price on Tuesday (April 12), 14.17% compared with the price on March 19, and up 0.98% year-on-year in a three-month cycle.

Recently, the market price of melamine fell. Recently, the price of raw material urea has been rising steadily, and the cost side support has risen. Last week, the operating rate of melamine was high, but the demand side performance was weak, the manufacturers’ shipment was not smooth, the market trading atmosphere was light, and the focus of market negotiation was under pressure. This week, the cost support was gradually strengthened, the market wait-and-see atmosphere was strong, and the price was mainly stable after falling.

For upstream urea, the comprehensive price of domestic urea rose slightly on April 18, up 1 yuan / ton or 0.03% compared with the price on April 15, and up 39.07% year-on-year compared with the same period last year.

Melamine analysts of business society believe that at present, the price of upstream urea is relatively strong, and the cost pressure is large. In addition, the maintenance expectation of some devices has a certain support for the market, but the demand follow-up is still insufficient. The market is expected to wait and see. It is expected that the melamine market may be stable and stable in the short term.

According to the data of business agency, as of April 17, the average price of domestic fuel oil 180CST was 6320.00 yuan / ton (including tax), down 1.10% from 6390.00 yuan / ton on April 11.

On April 17, the fuel oil commodity index was 128.00, unchanged from yesterday, down 2.32% from the highest point 131.04 in the cycle (2022-03-24), and up 177.78% from the lowest point 46.08 on August 15, 2016. (Note: the period refers to the period from September 1, 2011 to now)

The rise of international crude oil prices and the high price of domestic marine oil raw materials support the cost of fuel oil 180CST. According to the business news agency, as of April 17, the self raised low sulfur quotation of 180 CST fuel oil and 120 CST fuel oil in Zhoushan area was 6300 yuan / ton, and the self raised low sulfur quotation of 6400 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.

International crude oil prices rose, and the market heard that the EU might draft a bill banning the import of Russian oil. The expectation of oil product shortage caused by the conflict between Russia and Ukraine surfaced again, and the oil price was strongly supported. The escalating geopolitical situation between Russia and Ukraine has led to the rise of oil prices. Under the background of the war between Russia and Ukraine, Russia, as the world’s second largest oil exporter, has been expected to be interrupted due to Western sanctions, and the price trend of crude oil market has risen.

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 13, Singapore’s fuel inventory fell by 845000 barrels to a three-month low of 19591000 barrels; Singapore’s medium distillate stocks rose 588000 barrels to a five week high of 7.615 million barrels; Singapore’s light distillate stocks fell 1.573 million barrels to a four month low of 11.076 million barrels.

Future forecast: the international crude oil price is rising, the cost of ship fuel market is high, affected by the epidemic, the transportation of ship fuel market is blocked, the market demand is low, the downstream goods are prepared carefully, the demand is just needed, and the market wait-and-see mood is strong. At present, the market price of fuel oil 180CST low sulfur is about 6300 yuan / ton, and the market price of fuel oil 120cst low sulfur is about 6400 yuan / ton. It is expected that the fuel oil 180CST market may be dominated by consolidation in the near future.

According to the monitoring of business agency, this week (4.11-15), the price of domestic adipic acid continued to decline, and adipic acid in East China fell by 0.97% this week. At the weekend, the market price range of adipic acid is 12200-12500 yuan / ton. On the one hand, the prices of upstream pure benzene and cyclohexanone fell. In addition, the supply increased compared with the previous period, while the terminal demand was still cautious and the transaction was not ideal, resulting in the continuous weak downward trend of adipic acid.

In terms of market supply, this week, the operating rate of adipic acid decreased slightly compared with the previous week, and is currently maintained at 60%. The listing prices of some large manufacturers have been reduced, the inventory pressure of manufacturers is obvious, and the price reduction is mainly for inventory arrangement. In terms of commencement, several sets of devices have been overhauled. Tianli, Zhonghao and Shandong Haili have maintained 80% load reduction for commencement. Zhonghao has been temporarily inspected within a week and has now resumed operation. Jiangsu Haili and Taihua units are still shut down, and Huafeng unit takes turns to conduct temporary inspection and remove scars. Supply narrowed slightly this week, but the pressure on manufacturers’ inventory in the early stage is heavy, which is still not a favorable stimulus to prices.

Adipic acid industry chain trend

The above figure shows that the adipic acid industry chain has declined as a whole this week. The upstream product cyclohexanone and pure benzene have declined significantly, which is in line with the adipic acid market. In addition, the downstream PA66 has continued to fall, and the terminal remains at a weak level.

Market trend of pure benzene in the upstream of adipic acid

The price of pure benzene fell this cycle. According to the monitoring of business society, the weekly decline of pure benzene was 2.33%. Mainly due to the price reduction of Sinopec. And the downstream buying intention is light, and the transaction is concentrated in the low end. In addition, due to the adverse impact of the continuous decline of styrene, it is expected that the demand support for pure benzene will collapse in the later stage, which will affect the mentality of the industry. Although there are large-scale plant maintenance in Shandong, the market still maintains a loose pattern, dominated by weak downside.

Market trend of cyclohexanone in the upstream of adipic acid

This week, cyclohexanone also continued the downward trend of last week. According to the monitoring of business society, the weekly decline of cyclohexanone was 0.59%, narrowing the decline. The domestic cyclohexanone market continued to be weak this week. The raw material pure benzene fluctuates at a high level, and the cost pressure does not decrease. The downstream chemical fiber market was stable and upward. Sinopec caprolactam was listed and increased by 200 yuan / ton, but the purchase enthusiasm was general. In addition, the transportation was limited, the delivery of cyclohexanone was blocked, some enterprises stopped to reduce production, the overall supply and demand of cyclohexanone was weak, and the market was in a stalemate and consolidation. The weak supply and demand led to the continuous decline of cyclohexanone market and continued to put pressure on downstream adipic acid.

Market trend of adipic acid downstream PA66

Terminal demand: the downstream of adipic acid remains weak. The terminal demand is affected by public health events, the operating rate decreases slightly, and the road transportation is blocked, which makes the market atmosphere more light. The decline of PA66 downstream of adipic acid increased this week. According to the data of business society, the weekly decline was 5.93%. Therefore, in terms of supply, the profit of PA66 enterprise is suppressed to a certain extent. In terms of demand, at present, terminal enterprises take goods to follow up, prefer to just need to maintain production, and have strong resistance to high price goods. The slowdown in downstream demand is the fundamental reason for the continued weakness of adipic acid prices.

In the later stage, the business society believes that the main reason restricting the adipic acid market is the dual pressure of weak downstream demand and high social inventory. Public health events have brought uncertainty to the market and double pressure on demand and transportation. But at the same time, the supply side is also good, and the operating rate continues to decline, which is conducive to reducing the supply pressure in the later stage. Overall, adipic acid may still maintain a weak market, but it may stop falling in the near future.

From April 8 to April 14, 2022, the market price of antimony ingots in East China was temporarily stable. The price was 83750 yuan / ton last weekend and 83750 yuan / ton this weekend, flat.

The K-bar chart of commodity price uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investment according to the changes of K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall. As shown in the figure above, the price of antimony ingots continued to rise after the Spring Festival, and the rise trend stabilized in the later stage, mainly maintaining a temporary stability in the past two weeks.

The antimony ingot market continued to maintain a temporary stable trend this week. According to the data shown in the k-column chart of commodity prices above, it can be found that the price of antimony ingots has been stable for three consecutive weeks. After the price entered a stable trend, the overall market was also relatively stable. The downstream continued to maintain the on-demand procurement plan, and the market trading was slightly stable. There is no significant improvement in market supply and demand. Under the current situation of weak supply and demand, it is expected that the price of antimony ingots will remain high in the future. The future will focus on the impact of antimony pollution prevention and control in Zijiang River Basin on local antimony ingot production.

Relevant information:

On April 4, Zeng Chaoqun, deputy secretary of Loudi municipal Party committee and mayor, stressed at the first meeting of the ecological and environmental protection leading group of Zijiang River basin that we should deal with the “three pairs of relations” of “addressing symptoms and root causes”, “decision-making and implementation” and “vertical and horizontal” with systematic thinking, comprehensively promote the ecological and environmental protection of Zijiang River Basin, and ensure the safety of people’s drinking water and the ecological security of Zijiang River Basin. At the meeting, Loudi Municipal Bureau of housing and urban rural development and Loudi Municipal Bureau of ecological environment respectively reported on the construction of Xinhua No. 2 water plant, the upward movement of water intake and the prevention and control of antimony pollution in Zijiang River Basin; Lengshuijiang City and Xinhua County reported the relevant work.

According to the data monitored by the business community, as of April 11, the average quotation price of domestic premium DMF enterprises was 12800.00 yuan / ton, and the price decreased slightly. Compared with the same period last week, the price decreased by 12.3%, or about 1500 yuan / ton. In the short term, DMF is dominated by weak operation.

The DMF market was weak and the price fell by 12.3% compared with the same period last week. The focus of negotiation was weak. At present, the manufacturer’s shipment was slow, the inventory was general, the operating rate was normal, and the downstream just needed to purchase. The manufacturer successively reduced the price. The latest quotation of the manufacturer: Jinan pulaihua Chemical Co., Ltd. 12700 yuan / ton, Jinan aochen Chemical Co., Ltd. 12000 yuan / ton, Guanjiuzhou (Shandong) Energy Technology Co., Ltd. is 14000 yuan / ton, Shandong Shengxu Energy Co., Ltd. is 13800 yuan / ton, Shandong Chengze Chemical Co., Ltd. is 12800 yuan / ton, and Jiangsu Leien Environmental Protection Technology Co., Ltd. is 12000 yuan / ton.

Upstream methanol, as of April 8, the average price of domestic methanol production enterprises was 3022 yuan / ton, up 26.46% year-on-year. The price of crude oil is weak, the price of coal continues to decline, the supply is sufficient, the traditional demand is weak, the demand for olefins is good, the price in the main production areas in the short term is expected to be lowered, and the price in the consumer market is lower.

Chemical commodity index: on April 10, the chemical index was 1184 points, down 1 point from yesterday, down 15.43% from the highest point of 1400 points in the cycle (2021-10-23), and up 97.99% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to the period from December 1, 2011 to now)

Business community DMF analysts believe that: in the short term, DMF is dominated by weak operation. (to know more about the latest industry market trends, welcome to pay attention to the official account of the business community, obtain commodity information, and grasp the price of commodities).

According to the bulk list data of business society, as of April 11, the average quotation price of formic acid enterprises was 7266.67 yuan / ton, up 2.35% from last Wednesday (April 6), 43.42% from March 11, and 68.99% year-on-year in a three-month cycle.

Recently, the market price of domestic industrial grade 85% formic acid has risen. Recently, the main raw material methanol has been operating at a high level, and the cost pressure still exists. A large factory at the supply end has been overhauled, and the market supply has shrunk. The main downstream just needs to follow up. The export market support is strong, the downstream inquiry atmosphere is positive, there is a certain impact on the transportation of some regions, and the formic acid market is in line.

In terms of cost, the reference price of upstream caustic soda was 1230.00 on April 8, an increase of 9.43% compared with April 1 (1124.00); Upstream liquid ammonia, on April 11, Shandong liquid ammonia market rose steadily; Upstream sulfuric acid, the domestic sulfuric acid market rose on April 11; For upstream methanol, on April 8, the reference price of methanol was 3022.50, a decrease of 1.55% compared with April 1 (3070.00).

Formic acid analysts of business society believe that at present, the price of methanol, the main raw material, has weakened, the cost support is limited, the export orders have increased, and the support of supply and demand is still strong. It is expected that the formic acid market may operate strongly in the short term.

According to the bulk data monitoring of business society, the mainstream price of styrene in Shandong rose sharply this week. At the beginning of the week, the price of the sample enterprises of the business community was 9275.00 yuan / ton, and at the end of the week, the price of the sample enterprises was 9400.00 yuan / ton, an increase of 1.35%. The price increased by 3.49% over the same period last year.

cement

The market price of styrene fluctuated and rose this week. It can be seen from the above figure that the price of styrene fluctuated recently, and the price increased slightly this week. Recently, the raw material pure benzene fluctuated and rose. Zhejiang Petrochemical and Hebei shengteng styrene units unexpectedly stopped for short-term maintenance, which superimposed the decline of port inventory. Out of concern about the market supply, the spot market of styrene rose.

In terms of raw materials, the international oil price fell, the pure benzene market negotiation was light, the logistics in Shandong was blocked due to the impact of public health events, the shipment of individual enterprises was poor, and the price difference between regions was widened. The overall atmosphere of pure benzene Market in Shandong is poor, with high-end prices falling and the price difference narrowing. This week, the price of Sinopec pure benzene stabilized at 8600 yuan / ton.

Downstream, the three downstream styrene rose or fell this week. The market price of PS was relatively stable this week, and the average price was 10616.67 yuan / ton by the end of the week.

At present, the EPS price fluctuates, the crude oil fluctuates at a high level, and the impact of public health events is still obvious. However, the local logistics and transportation restrictions have been improved. In addition, the cost support has been strengthened, and some terminal merchants have entered the market to replenish goods appropriately, and the overall transaction has improved. As of April 7, Jiangsu sample enterprises had 11100 yuan / ton of ordinary materials, up 100 yuan / ton, or 0.91%, and 12000 yuan / ton of barrier fuel, up 100 yuan / ton, or 0.84%.

At the beginning of April, the domestic ABS market fluctuated and rose, and the spot prices of various brands increased by a narrow margin. The operating rate of ABS enterprises decreased slightly, and the overall supply decreased. The mentality of manufacturers has been strengthened and the ex factory price has been adjusted. In addition, the demand of the main downstream household appliance industry gradually increased in April, and the demand for ABS in the field improved. China’s demand for health and logistics has rebounded recently, but some areas have been affected by recent health events. There has been no substantial progress in the situation between Russia and Ukraine in Eastern Europe. There are great differences in the remote upstream crude oil market, but the price is still high.

Recently, the international crude oil has rebounded, the downstream demand may recover, the current inventory level and market supply are OK, and styrene is likely to follow the trend of crude oil. Generally speaking, if the raw material level rises next week, the styrene market will follow the rise.

Price trend

According to the bulk list data of business society, the price of domestic vitamin C was temporarily stable this week, and the average price of food grade vitamin C was 40.67 yuan / kg, with no rise or fall.

According to the monitoring of business agency, the purchase of vitamin C in the domestic market improved slightly this week. At present, the mainstream price of feed grade is 35-38 yuan / kg, and the mainstream price of feed grade is 38-40 yuan / kg. The factory continues to stop reporting, and the actual situation is a single discussion. The downstream rigid demand is the main thing, and the price negotiation is the main thing.

The price of corn is expected to rise moderately in the upper half of April, while the price of corn in the main production area will rise moderately in the upper half of April, and the price of corn in the main production area will rise again in the lower half of April.

The price of vitamin a rose slightly this week. The average price of feed grade vitamin A was 231 yuan / kg at the beginning of the week and 234 yuan / kg at the weekend. The European market quoted 63-68 euros / kg. At the end of April, foreign vitamin factories had plans to stop production, and the award-winning boosted the domestic VA market.

The price of vitamin E was temporarily stable this week, and the average price of feed grade vitamin E was stable at 92 yuan / kg without rise or fall. The European market quotation this week is 9.9-11.5 euros / kg, and the foreign quotation is upward. Thanks to the news of price increase at home and abroad, the price of domestic vitamin E is strong and upward.

Future forecast

The vitamin analyst of the chemical branch of the business agency believes that: on the whole, the overall vitamin market is stable and small this week. In the future, pay close attention to the opening and parking status and delivery of enterprises.

According to the price monitoring data of business agency, as of April 6, 2022, the average reference price of domestic n-propanol was 8416 yuan / ton. Compared with April 1 (the average reference price of n-propanol was 8433 yuan / ton), the average price was reduced by 17 yuan / ton, a decrease of 0.2%.

It can be seen from the data monitoring chart of the business society that in April, on the eve of the Qingming Festival, the trading atmosphere of domestic n-propanol in the field was cold, the downstream goods preparation performance before the festival was general, and the inventory of domestic n-propanol in the field accumulated. On the 2nd, the suppliers of n-propanol in Shandong adjusted the shipping price of n-propanol according to their own inventory, driving the overall market price of n-propanol in Shandong down slightly, with a reduction range of about 100-200 yuan / ton, The ex factory price of n-propanol in Shandong is around 7800-8000 yuan / ton. During the Qingming holiday, supported by the strong trend of raw materials, the domestic n-propanol market picked up slightly on the 4th and 5th, and the market price of n-propanol in Shandong rose to around 7850-8000 yuan / ton. After returning from the Tomb Sweeping Day holiday, on the 6th, the market price of n-propanol in Shandong continued to rise slightly, with a rise range of around 50-100 yuan / ton. The market price of n-propanol is around 7900-8100 yuan / ton, and the high-end quotation is around 8500 yuan / ton. Local dealers still have reservations about the price, and the price is not easy to monitor, which may lead to differences in specific negotiation situations. There are also differences in each region, mainly through actual negotiation, Wait and see the price change and shipment of raw materials in the future.

In terms of upstream ethylene, after the Qingming Festival, the external ethylene market generally rose. On April 5, in the Asian ethylene market, CFR Northeast Asia closed at US $1396-1406 / ton and CFR Southeast Asia closed at US $1426-1436 / ton. European ethylene market fell slightly. As of the 5th, FD northwest Europe closed at US $1994-2004 / ton and CIF northwest Europe closed at US $1544-1553 / ton. Ethylene analysts at the chemical branch of business agency believe that the international crude oil futures market fell. On the macro level, due to the expectation of interest rate increase by the Federal Reserve, the rise of the US dollar affected the valuation of oil prices. On the demand side, market participants expressed concern about the slowdown in demand caused by public health events, and oil prices were under pressure. But at the same time, the supply side was subject to Western sanctions against Russia, resulting in damage to output, and supply concerns limited the decline in oil prices. Therefore, the data analysts of the business agency expect that the external price of ethylene will mainly fall below next.

Forecast of future trend of n-propanol

At present, the downstream demand of n-propanol is mainly just demand procurement, and the support given by the supply side is acceptable. The n-propanol data division of business society believes that in the short term, China’s domestic n-propanol market will mainly adjust in a narrow range, and more attention needs to be paid to the news changes of supply and demand.

Trade name: polybutadiene rubber BR9000

Latest price (April 6): 14390 yuan / ton

Key points of analysis: according to the monitoring of business society, as of April 9, the domestic price of cis-polybutadiene rubber was 14390 yuan / ton, a slight increase of 0.49% over the previous day; Domestic enterprises Haopu and Xinjiang Lande units shut down, Zhenhua, Daqing and other Shunding units reduce the load, Jinzhou Petrochemical also has a maintenance plan in the near future, the supply of Shunding rubber is tight, and the expected shutdown of Maoming Petrochemical accident promotes the bullish atmosphere. According to the business agency, as of April 6, the ex factory price of Daqing Shunding in PetroChina East China sales company branch was 14400 yuan / ton. Qilu, Daqing, Lande, Qixiang and Zhenhua Shunding markets in East China reported 14200 ~ 15200 yuan / ton.

According to the monitoring of business society, the price of raw butadiene continues to remain high and stable, with strong cost support.

Future forecast: on the one hand, although the price and cost of raw butadiene support; On the other hand, the supply side of some enterprises is tightening due to the overhaul or planned overhaul of CIS polybutadiene devices. It is expected that the CIS polybutadiene rubber market will continue to rise in the later stage.

1、 Price trend

According to the bulk list data of business society, the market price of diethylene glycol rose this month. On March 1, the average price of diethylene glycol in the domestic market was 4836 yuan / ton, and on March 31, the average price of diethylene glycol in the domestic market was 5090 yuan / ton. The price of diethylene glycol rose by 5.24% this month.

2、 Market analysis

The diethylene glycol market fluctuated upward this month. In early March, the price trend of diethylene glycol fluctuated and rose. The military situation in Russia and Ukraine is ongoing, and the political situation is tense. International oil prices began to fall after rising sharply. The operating rate of UPR at the downstream of diethylene glycol is about 27%. In mid March, the price of diethylene glycol first fell and then rose. The tight military situation in Russia and Ukraine has an impact on the supply of diethylene glycol. International oil prices first fell sharply and then rebounded and rose. The operating rate of UPR in the downstream of diethylene glycol is about 27%. In late March, Russia Ukraine negotiations released positive signals, and the trend of diethylene glycol rose. The price of diethylene glycol fluctuates with the crude oil market. The operating rate of UPR in the upper and lower reaches increased by 23% in the three months to October. The total mainstream inventory of diethylene glycol was 58000 tons, an increase of 10000 tons month on month. The domestic market quotation in East China is 5050-5080 yuan / ton.

3、 Future forecast

At present, negotiations between Russia and Ukraine are under way, and the situation has eased slightly. The trend of international crude oil is dominant, and the field needs to be operated with caution. The downstream demand for diethylene glycol is insufficient and the confidence in the industry is insufficient. Diethylene glycol analysts of business society believe that the market price of diethylene glycol will rise slightly in the short term. It is suggested to pay attention to the change of crude oil.

Zinc prices rose in March

According to the data monitoring of the business agency, the zinc market recovered in March, and the zinc price fluctuated and rose. As of March 31, the price of zinc was 26722 yuan / ton, up 6.45% from 25102 yuan / ton on March 1 at the beginning of the month. In the first ten days of March, the price of zinc fluctuated and adjusted significantly, and the price of zinc fluctuated and rose in the middle and late ten days. Overall, the supply and demand of zinc market are both weak, and the zinc price fluctuates and rises.

Zinc ingot inventory in Shanghai Futures Market

Time, Futures inventory ., Increase or decrease

March 1, one hundred and six thousand three hundred and twenty .,- six hundred and twenty-six

March 2, 106320., 0

March 3rd ., 109258., two thousand nine hundred and thirty-eight

March 4, one hundred and ten thousand nine hundred and forty-eight ., one thousand six hundred and ninety

March 7, one hundred and fourteen thousand six hundred and fifty-one ., three thousand seven hundred and three

March 8, one hundred and seventeen thousand six hundred and sixty-six ., three thousand and fifteen

March 9, one hundred and seventeen thousand nine hundred and forty-two ., two hundred and seventy-six

March 10th ., 118935., nine hundred and ninety-three

March 11, one hundred and twenty-one thousand eight hundred and ninety-five ., two thousand nine hundred and sixty

March 14, one hundred and twenty-five thousand five hundred and six ., three thousand six hundred and eleven

March 15th ., 130267., four thousand seven hundred and sixty-one

March 16, 131221., nine hundred and fifty-four

March 17, 130393., – eight hundred and twenty-eight

March 18, one hundred and thirty thousand two hundred and forty-four .,- one hundred and forty-nine

March 21, one hundred and twenty-nine thousand three hundred and forty-two .,- nine hundred and two

March 22, one hundred and twenty-eight thousand and twelve .,- one thousand three hundred and thirty

March 23, 126728., – one thousand two hundred and eighty-four

March 24, 125952., – seven hundred and seventy-six

March 25th ., 125723., – two hundred and twenty-nine

March 28, one hundred and twenty-five thousand five hundred and twenty-three .,- two hundred

March 29, one hundred and twenty-five thousand two hundred and sixty-nine .,- two hundred and fifty-four

March 30, one hundred and twenty-five thousand one hundred and sixty-nine .,- one hundred

March 31, one hundred and twenty-four thousand four hundred and eighty-five ,.- six hundred and eighty-four

According to the zinc ingot inventory data sheet of Shanghai futures market, it can be seen that the rise of zinc inventory in March slowed down. Since March 17, the zinc ingot futures inventory in Shanghai futures market has continued to decline. As of March 31, the zinc ingot inventory in Shanghai futures market has decreased, the supply of zinc in Shanghai has decreased, the downward pressure of zinc price has weakened, and the upward momentum has increased.

The conflict between Russia and Ukraine continues to affect the supply of zinc in the city

Since the end of February, the conflict between Russia and Ukraine has continued to ferment, the price of natural gas in Europe has soared, and the cost of zinc smelting has risen, affecting the supply of zinc market. The future supply of zinc market is expected to decrease, and the rising power of zinc market has increased. Subsequently, the conflict between Russia and Ukraine eased, the high price of natural gas in Europe fell, and the cost of zinc smelting decreased. However, the cost of zinc smelting is still high, the supply of zinc market is expected to decrease, and the rising power of zinc market still exists.

Domestic epidemic hit zinc City

The epidemic has spread again in China. The capricious epidemic has destabilized the metal market, resulting in insufficient supply of raw materials and blocked logistics transportation, which continues to interfere with the normal operation of the supply chain, seriously affecting the production of local enterprises. The construction of downstream enterprises in zinc city has decreased, and the overall demand of zinc city is weak.

The epidemic affects domestic production and operation

According to the data released by the National Bureau of statistics, the purchasing manager index (PMI) of China’s manufacturing industry was 49.5% in March, down 0.7 percentage points from the previous month, lower than the critical point, and the overall prosperity level of the manufacturing industry fell somewhat. The emergence of aggregated public health events in many places in China and the significant increase of international geopolitical instability have affected the production and operation activities of Chinese enterprises to a certain extent. In March, the manufacturing purchasing manager index, non manufacturing business activity index and comprehensive PMI output index all fell below the critical point, and the overall prosperity level of China’s economy fell back. The decline of the overall economic level has affected the supply and demand of zinc market, and the overall zinc market has weakened. With the epidemic under control, the suppressed production and demand will gradually recover, and the market is expected to pick up. Zinc market demand is expected to pick up in the future.

Future forecast

Business analysts believe that: in early March, affected by the conflict between Russia and Ukraine, zinc prices soared and plummeted; Since the middle of the year, with the relative easing of the conflict between Russia and Ukraine, the high zinc price has dropped. Since the middle and late days, but with the recurrence of the domestic epidemic, the supply and demand of zinc price are weak, the overall supply is in short supply, and the zinc price fluctuates and rises. Generally speaking, the supply of zinc in the future market is expected to decrease, the demand of zinc in the future market recovers slowly, the bad situation in zinc market weakens and the good situation increases, and the zinc price fluctuates and rises in the future market.

In March, the domestic Shunding market rose slightly. According to the data monitoring of business agency, as of March 31, the price of CIS polybutadiene rubber was 14200 yuan / ton, up 3.80% from 13680 yuan / ton at the beginning of the month.

The price of raw butadiene rose sharply, with strong cost support. In addition, partial load reduction and parking of cis-polybutadiene rubber enterprises have tightened the supply side, which has a beneficial impact on cis-polybutadiene rubber and promoted the price of cis-polybutadiene rubber upward; However, the increase of downstream demand is not obvious, and the upward range of Shunding is restricted to some extent.

In March, the raw material butadiene rose sharply, and the cost was supported by CIS polybutadiene rubber. Butadiene plants abroad have entered the maintenance season, and the tight market supply continues to push butadiene to a high level. According to the monitoring of business society, as of March 31, the price of butadiene was 10708 yuan / ton, up 28.02% from 8365 yuan / ton at the beginning of the month.

The natural rubber market was weak and volatile in March. As of March 31, the price was 13190 yuan / ton, up 1.00% from 13060 yuan / ton at the beginning of the month; During the month, the high point was 13480 yuan / ton and the low point was 12780 yuan / ton.

The operating rate of downstream tires is differentiated, and the operation of semi steel tires has increased significantly, but the operation of all steel tires has been depressed. It is understood that the operating rate of domestic semi steel tire production line closed at 72.2%, while the operating rate of all steel tire production line closed at 56.6%. In addition, according to the data of the General Administration of customs, 35.05 million new pneumatic rubber tires were exported in February 2022, a year-on-year decrease of 15.6%; From January to February 2022, 90.37 million new pneumatic rubber tires were exported, a year-on-year decrease of 0.6%.

Future forecast: business analysts believe that the easing of supply pressure and the sharp rise of cost support cis-polybutadiene rubber, but the demand is weak. It is expected that the price of cis-polybutadiene rubber will fluctuate and consolidate at a high level in the later stage.

1、 Price trend

As can be seen from the above figure, the domestic market price of neopentyl glycol fell slightly this month, and the average price of domestic mainstream market price of neopentyl glycol fell from 19000.00 yuan / ton on March 1 to 17733.33 yuan / ton on March 30, down 1266.67 yuan / ton, or 6.67%.

2、 Market analysis

The quotation of mainstream manufacturers of neopentyl glycol decreased slightly this month: the distribution price of Shanghai Qihua Wanhua neopentyl glycol at the end of the month was 17500 yuan / ton, which decreased by 500 yuan / ton compared with the beginning of the month; The selling price of Jinan aochen Wanhua neopentyl glycol at the end of the month was 17700 yuan / ton, which was 1300 yuan / ton lower than that at the beginning of the month; The selling price of Shandong Zhiying Jihua neopentyl glycol at the end of the month was 18000 yuan / ton, which decreased by 2000 yuan / ton compared with the beginning of the month

From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price has twists and turns this month. The quotation first increased from 13866.67 yuan / ton on March 1 to 15466.67 yuan / ton on March 10, an increase of 11.54%, then decreased to 10833.33 yuan / ton on March 21, a decrease of 29.96%, and then increased to 15966.67 yuan / ton, an increase of 47.38%. Overall, the isobutyraldehyde market rose slightly this month, up 15.14% for the whole month. The market price of upstream raw materials rose slightly, which had a positive impact on the price of neopentyl glycol due to the influence of supply and demand.

3、 Future forecast

The overall trend of neopentyl glycol market in the middle and early April may rise slightly. 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 of business society believe that the short-term neopentyl glycol market may rise slightly under the influence of supply and demand and raw materials.

Price trend

According to the bulk list data of business society, the domestic PC market rebounded after rising this month, and the spot price was higher than that at the beginning of the month. As of March 29, the reference offer of PC sample enterprises of business society was about 22683.33 yuan / ton, with an increase or decrease of + 1.42% compared with the average price at the beginning of the month.

Cause analysis

The upstream and downstream markets of epoxy resin and propylene oxide products are relatively weak, while the upstream and downstream markets of epoxy resin products are relatively weak. In the middle of the year, due to the sharp correction of international crude oil, the market wait-and-see mood increased, and the bisphenol a market continued its downward trend in the latter half of the year. The terminal demand remained sluggish this month, and the market atmosphere was cold. Offer for profit under the pressure of the carrier. Downstream large enterprises are mostly contract oriented, and it is expected that the short-term bisphenol a market may be difficult to warm up.

Upstream bisphenol a market rose and then fell, and the support for PC cost side was strong first and then weak. In terms of industrial load, some domestic PC enterprises had maintenance at the beginning of the month, and some completed work and production resumption within the month, but the overall load change was limited. In the last ten days of the year, the products of the new production line were put into operation in the field, and the profit of the supply side was gradually diluted out within a month. There was no substantial progress in the tension in Eastern Europe, which affected the finishing of the rise in the far upstream crude oil. Although it rose again in the latter ten days, there were great differences among market participants and the downward transmission of benefits was poor. In addition, the shipment mentality of some businesses is weak, and the domestic market is affected by the health market adjustment.

Future forecast

Business analysts believe that: in March, the domestic PC market rebounded after the rise, the upstream bisphenol a market was under pressure after the rise, and the cost side support for PC changed from strong to weak. In terms of supply, the on-site supply of goods increased slightly. This month, the downstream demand side mainly took the goods contract, and the trading was light. In addition, some regions were restricted by health events, and the market momentum decreased. It is expected that the spot price may continue to be weak in the short term.

According to the monitoring of the business agency, the price index of the domestic rare earth market has declined. Recently, the rare earth market has continued to decline. Recently, the price of praseodymium and neodymium in China has fallen sharply, and the price of terbium in the heavy rare earth market has fallen. On March 27, the rare earth index was 918 points, unchanged from yesterday, down 8.84% from the highest point 1007 points in the cycle (2022-02-24), and up 238.75% from the lowest point 271 points on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now).

In March, the price trend of domestic light rare earth market fell, and the price of praseodymium neodymium series, the mainstream of rare earth market, fell. In terms of products:

It can be clearly seen from the product price trend chart that the prices of domestic metal neodymium, neodymium oxide, praseodymium oxide, metal praseodymium, praseodymium neodymium alloy and praseodymium neodymium oxide have declined. As of the 28th, the price of neodymium oxide in rare earths in China was 1.05 million yuan / ton, down 13.93%; The price of neodymium was 1.31 million yuan / ton, down 11.78%; The price of praseodymium oxide was 985000 yuan / ton, with a decrease of 9.63%; The price of praseodymium neodymium oxide was 985000 yuan / ton, down 10.86%; The price of praseodymium neodymium alloy was 1.21 million yuan / ton, a decrease of 11.68%; The price of metal praseodymium was 1.315 million yuan / ton, with the price falling by 5.40%, and the trend of domestic rare earth market fell sharply.

The price of rare earth in the domestic market fell sharply, mainly due to the lack of active downstream procurement and consumption of inventory. In addition, affected by the epidemic, some downstream production was affected and downstream demand was limited. In addition, affected by the mentality of buying up but not buying down, the downstream magnetic material enterprises continued to reduce inventory, the demand for spot procurement was weak, and the trend of rare earth market fell. Due to the decrease in demand, the supply of mainstream products such as praseodymium and neodymium oxide of some large upstream groups is normal, the demand for permanent magnet has little change, the new energy industry is relatively normal, and the demand for rare earth permanent magnet of upstream materials is acceptable. The sales of new energy vehicles were normal, the demand for rare earth was normal, the delivery of rare earth oxides was poor, and the price fell. The rare earth metal factory was more cautious in purchasing without lock orders, and the market price of rare earth in the field fell sharply.

The national environmental protection supervision is still continuing, and the peak season of rare earth demand is over. However, the launch of relevant policies in the rare earth industry is expected, and the market price of rare earth is still supported. At present, the inventory of neodymium praseodymium oxide is much lower than that in the early stage, and the buyers are affected by the mood of buying up or not buying down, and the price in the floor is declining. According to statistics, the demand for new energy vehicles has increased. According to the data released by China Automobile Industry Association, in February 2022, China’s automobile production and sales reached 1.813 million and 1.737 million respectively, with a month on month decrease of 25.2% and 31.4%, a year-on-year increase of 20.6% and 18.7%. Automobile production and sales showed a steady and slight growth. Recently, the demand in the field of new energy is high, the delivery situation in the domestic light rare earth market is poor, and the price is low. Affected by this, the price trend of domestic heavy rare earth market fell.

As can be seen from the trend chart, the price of dysprosium Series in China fell sharply. As of the 28th, the price of dysprosium oxide was 2.835 million yuan / ton, a decrease of 9.42%; The price of dysprosium ferroalloy was 2.825 million yuan / ton, with a monthly decrease of 9.31%; The price of dysprosium metal was 3.815 million yuan / ton, a decrease of 4.27%; The price of terbium Series in China has declined. The price of terbium oxide in China is 13.65 million yuan / ton, and the price of metal terbium is 17.65 million yuan / ton. The price trend of heavy rare earth has declined, the transaction market of domestic rare earth market has fallen, and the purchase of leading magnetic material factory is not active, which has led to the decline of domestic heavy rare earth market. Recently, some separation enterprises in the areas where medium and heavy rare earth mines are used such as Jiangxi, Hunan, Guangdong and Guangxi have restarted, and the supply has eased, which has led to the decline of heavy rare earth market price. However, Myanmar’s export is limited, and the global rare earth supply is relatively concentrated, Myanmar is one of the production areas second only to China and the United States. Myanmar has a great impact on products in the domestic heavy rare earth market. Recently, the on-site procurement is not active, and the on-site heavy rare earth price trend has fallen sharply.

In addition, the national policy supports the rare earth market. The first batch of Rare Earth total amount control indicators in 2022 are in line with expectations, and the industry pattern continues to be optimized. On the 28th, the Ministry of industry and information technology and the Ministry of natural resources issued the first batch of Rare Earth total amount control indicators in 2022, of which the ore indicators and smelting separation indicators were 100800 tons and 97200 tons respectively. The increase of the index is in line with expectations, and the state is still relatively restrained in releasing the rare earth supply index. The first batch of ore indicators / smelting separation indicators in 2022 are + 20% year-on-year, and the growth rate is lower than that of the first batch in 2021 (year-on-year + 27.3% / 27.6%). It is expected that the overall supply and demand of rare earth will remain tight in 22 years. The index increment is still focused on light rare earths. Among the mining indicators in 2022, rock ore type rare earths (mainly light rare earths) were 89310 tons, with a year-on-year increase of + 23.2%, and ionic rare earths were 11490 tons, with a year-on-year balance. It is expected that the increment will be concentrated in light rare earths, which will be a long-term trend, and there is still support from domestic rare earths.

With the sustainable development of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth, the demand is guaranteed. However, the recent downstream procurement is not active, the accumulation of rare earth enterprises is increasing, the recent on-site transaction market is general, and the later supply enterprises will continue to drive and restart. Chen Ling, an analyst of health society, expects the price trend of rare earth market to decline in the later period.

According to the data of business agency, from March 18 to 25, the domestic MTBE market rose first and then fell. The overall rise was that the price of MTBE rose from 7612 yuan / ton to 7975 yuan / ton. During the cycle, the price rose by 4.77%, the price rose by 9.85% month on month and 39.67% year-on-year.

MTBE market rose again, with an increase of about 100-500 yuan / ton. After the price fell to a low level last week, downstream businesses replenished on bargain hunting, and business sales are getting better and better. At the same time, the international crude oil rose again, and the Brent price gradually rose again to above US $120 / barrel, which gave a strong support to the commodity market. In addition, the gasoline price also continued to rise this week, and the demand for raw materials increased, stimulating MTBE businesses to follow up. However, due to the obstruction of transportation, it is difficult to fully open the demand side and make the market rise unsustainable.

In terms of methanol, the domestic methanol market rose first and then fell this week. The rebound of crude oil and the continuous low level of social inventory contributed to the rise of this round of methanol market. However, with the rise of order transfer, the transaction is not smooth and the decline of crude oil, the market sentiment has changed rapidly, the focus of negotiation began to fall, and the transaction atmosphere has obviously weakened. The price market then fell narrowly.

In terms of external trading, as of the closing on March 24, the closing price of Asian MTBE market increased by US $26 / ton compared with the previous trading day, and FOB Singapore closed at US $1200-1202 / ton. The closing price of European MTBE market decreased by US $18.25/t compared with the previous trading day, and FOB ara closed at US $1178.5-1179/t. The closing price of the US MTBE market decreased by US $17.97/ton compared with the previous trading day, and the FOB Gulf FOB price closed at US $1298.73-1299.09/ton (365.84-365.94 cents / gallon).

Region, country., Closing price, Rise and fall

Asia ., FOB Singapore, USD 1200-1202 / ton ., USD 26 / ton

U.S.A ., FOB Bay ., 1298.73-1299.09 USD / ton .,- USD 17.97/t

Europe ., FOB ARA ., 1178.5-1179 USD / ton .,- 18.25 USD / ton

In terms of enterprises, Shida Shenghua MTBE was reduced by 50 yuan / ton for the second time, and the quotation was 7850 yuan / ton. The MTBE quotation of Lihua Yijin Petrochemical was reduced by 50 yuan / ton to 7850 yuan / ton for the second time.

Driven by the rise of crude oil, the market went up again and the transaction improved. Affected by transportation factors, there is no significant positive change in demand for the time being. Business agency MTBE analysts believe that in the short term, the domestic MTBE market fluctuates mainly in a narrow range.

This week (3.14-18), the domestic butyl acetate market fell. Butyl acetate generally fell in the absence of supply and demand support and cost decline. According to the monitoring of business society, butyl acetate decreased by 1.43% this week. Butyl acetate is quoted at the domestic mainstream price of 10400-10000 tons at the weekend.

First, in terms of cost, the high levels of acetic acid and n-butanol fell. In particular, the decline of n-butanol is obvious, and the decline of cost is the main reason for the decline of butyl acetate price.

From the perspective of acetic acid, according to the monitoring of business society, East China acetic acid fell by 2.40% this week. This week, the domestic acetic acid market was mostly weak. Due to the sharp rise in the price of acetic acid in the first ten days, the overall acceptance of the downstream was not high. Therefore, the prices in Northwest and central China were mostly callback this week; Especially in East China and North China, affected by the epidemic, sales are blocked, but the overall inventory pressure of the factory is small, and the price is relatively resistant to decline; From the perspective of supply and demand, the acetic acid market is still in abundant supply, and the downstream demand maintains rigid demand. The falling price of acetic acid weakened the support of ethyl ester and butyl ester in the downstream.

In terms of upstream n-butanol, according to the data monitoring of business society, this week, the decline of n-butanol in Shandong Province was 8.23%. The demand for n-butanol in the downstream is reduced, and the inventory in the early stage is mainly digested, and the demand support is loose; In addition, the continuous decline of crude oil prices affected the mentality of n-butanol operators. The downstream decline started, the demand support continued to be insufficient, the supply pressure of n-butanol increased, and the market focus of n-butanol in Shandong continued to decline, with a weekly decline of nearly 1000 yuan. At present, the downstream demand is weak, and the trading atmosphere of n-butanol is general.

In terms of supply and demand, butyl acetate shows the characteristics of weak supply and demand. On the supply side, the operating rate of the manufacturer is normal, but the downstream demand has not improved significantly. The market trading atmosphere is poor, and most operators are bearish. Due to the epidemic, transportation is limited, and the rise of freight rates has further 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 for the decline of butyl price.

Future forecast: in the short term, butyl acetate Market will remain weak. In the near future, we need to pay attention to whether the upstream acetic acid market can be reversed and the operation of downstream factories.

1、 Price trend:

According to the bulk list data of business society, the domestic market of PA6 fell, and the spot prices of various brands gradually decreased. As of March 18, the mainstream offer price of the sample enterprises for China viscosity 2.75-2.85 was about 16166.67 yuan / ton, up or down by + 2.54% compared with the average price at the beginning of the month.

2、 Analysis of influencing factors:

Industrial chain: upstream, the price of caprolactam fell this week. The price of raw material pure benzene decreased, the cost side support weakened, and caprolactam enterprises reduced the price accordingly. The overall demand on the floor is not strong, the bad factors are superimposed, and the caprolactam market weakens.

The upstream caprolactam price fell, and the cost side support of PA6 weakened. The operating rate of domestic PA6 polymerization plant increased in a narrow range this week, with an overall stability of 70%. On the cost side, due to the easing of the situation in Russia and Ukraine, the international crude oil price plummeted, the petrochemical industry chain products fell, and the cost side support of PA6 collapsed. The supply side of PA6 continues the previous abundant pattern, and the demand of downstream enterprises is flat. In addition to contract production and delivery, there are few large-scale goods preparation in the field. Downstream purchasing is weak. Due to the obstruction of logistics in many places caused by recent health events, PA6 trading has further shrunk. At present, PA6 is bad and the market has weakened.

3、 Future forecast:

Business analysts believe that the spot price of PA6 fell this week, the trend of caprolactam was poor, and the cost support of PA6 weakened. The terminal demand maintains a weak pattern. Buyers resist the supply of high-priced goods, and buy up rather than down on the floor. At the same time, the logistics is blocked, affecting the delivery and delivery. It is expected that the PA6 market may remain weak and volatile in the short term.

This week, the lead market (3.11-3.18) “V” trend. The average price of the domestic market was 15125 yuan / ton last weekend and 15165 yuan / ton this weekend, with a weekly increase of 0.26%.

The K-bar chart of commodity price uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investment according to the changes of K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall.

According to the price monitoring of the trading society, there are five commodities in the list of commodity prices rising and falling in the non-ferrous sector in the 11th week of 2022 (3.14-3.18). The top three commodities are aluminum (2.83%), antimony (2.15%) and copper (1.45%). A total of 17 commodities fell month on month, and 2 commodities fell by more than 5%, accounting for 8.7% of the monitored commodities in this sector; The products with the top three declines were electrolytic manganese (- 25.70%), praseodymium neodymium alloy (- 5.64%) and neodymium oxide (- 3.45%). The average rise and fall this week was – 2.19%.

In the futures market, Lun lead made a continuous correction this week, with an overall price of US $2230-2320 / ton, down 1% in the week. Mainly due to the high US dollar, the general pressure on the metal market, the overall low operation of Lun lead and the overall low LME inventory. In terms of Shanghai lead, the overall bottom rebounded this week, with a shock range of 14910-15345 yuan / ton. At the beginning of the week, the metal market mentality was mainly downward due to the impact of domestic public health events. On Thursday, the State Council held a financial conference, which sent a signal to maintain stability, boosted market confidence, and the trend of Shanghai lead began to rebound.

The trend of domestic spot market this week is basically consistent with that of Shanghai lead, with an overall “V” trend. Basically, the downstream battery enterprises have basically resumed normal production. Although public health events have occurred in many places in China, there is no obvious impact on the supply of primary lead. The downstream battery enterprises are boosted by the recovery of the overseas market. At present, the production situation is OK, and the operating rate has picked up to a certain extent. However, the domestic market has gradually entered the traditional seasonal off-season, and the demand support is weak. The lead ingot is mainly purchased on demand, the lead ingot price has declined, the domestic market trading is better, some bargain hunting purchases, and the overall inventory has declined to a certain extent.

In the future, the business society believes that the decline in inventory has a certain support for the lead price, but the downstream gradually enters the off-season, and the support for the demand for lead ingots is limited. It is expected that the lead price will still maintain a volatile trend.

This week (from March 11 to March 18), 1# electrolytic manganese market price was mainly downward. The spot market price in East China was 33550 yuan / ton last weekend and 23850 yuan / ton this weekend, down 28.91%.

Spot price of electrolytic manganese (djmnp grade) from March 11 to March 18, 2022 (unit: ton)

Major producing areas., 18 day output., Transaction price on the 11th., Transaction price on the 18th., Weekly rise and fall

Ningxia., 0。，-。，-

Guangxi, Yunnan., 492。， 33900-34400。， 28000-28500。，- five thousand and nine hundred

Xinjiang (arrival at Tianjin Port)., -, –

Guizhou, Sichuan and Shaanxi., 267。， 33900-34400。， 28000-28500。，- five thousand and nine hundred

Hunan, Hubei., 78。， 33900-34400。， 28000-28500。，- five thousand and nine hundred

total., 837。，-。，-

Note: the transaction price is the ex factory price settled in cash by each electrolytic manganese production enterprise in each production area, and the daily output is the total output of electrolytic manganese products (including unqualified products) of all enterprises in production in each production area.

Note: the above data are from the national Manganese Industry Technical Committee.

Manganese ore: domestic manganese ore maintains a high level and strong operation. On March 18, the mainstream Australian block in Tianjin Port was quoted as 62 yuan / ton degree, the semi carbonic acid in South Africa was quoted as 42 yuan / ton degree, and the Gabon block was quoted as 60 yuan / ton degree; Qinzhou Port manganese ore mainstream Australian block reported 62 yuan / ton degree, South Africa Semi carbonic acid reported 42.5 yuan / ton degree, Gabon block reported 59.5 yuan / ton degree.

This week, the electrolytic manganese market continued to decline last week, and the market bearish sentiment was strong. The downstream is still to maintain on-demand procurement, but the inquiry price is low. With the sharp decline in the price within the week, the market anxiety has increased, and some manufacturers said that there is no spot shipment for the time being. The overall performance of the market lacks favorable support. With the impact of public health events in many places in China on transportation, the transportation of manganese products is blocked, which is bad for the market mentality again. The market expects that the loose supply brought by the resumption of production of most manufacturers in April may affect the market mentality again, but the exact commencement time has not been determined. There are many market news, the overall wait-and-see mood of the market is heavy, the mentality of supply and demand game is heavy, and the market bearish mood prevails. Without favorable support, it is afraid that the price will decline further.

Manganese and silicon: according to the price monitoring of business society, the mainstream quotation in Ningxia (specification: femn68si18) on March 18 was around 8500-8600 yuan / ton, and the average market price was 8550 yuan / ton, up 18.58% year-on-year.

The price of orthobenzene remained stable this week

According to the price trend chart of orthobenzene in business society, the price of orthobenzene was temporarily stable this week. As of March 18, the price of orthobenzene was 9000 yuan / ton, unchanged from 9000 yuan / ton on March 11 last week. The price of o-xylene fell, and the price of o-xylene fell.

The price of raw material mixed xylene fell

According to the trend chart of mixed xylene in business society, the price of mixed xylene fell this week. As of March 18, the price of mixed xylene was 7880 yuan / ton, down 9.94% from 8750 yuan / ton on March 11 last week. The price of mixed xylene fell, the cost of o-xylene fell, the rising power of o-xylene weakened, and the downward pressure increased.

Downstream phthalic anhydride prices fluctuated and fell

As can be seen from the price trend chart of phthalic anhydride in business society, the price of phthalic anhydride fell this week. As of March 18, the price of phthalic anhydride was 8925 yuan / ton, down 2.46% from 9150 yuan / ton on March 11 last week. The conflict between Russia and Ukraine eased, the price of crude oil fell sharply, and the price of phthalic anhydride fell. This week, the price of phthalic anhydride fell, the demand for o-xylene decreased, the rising power of o-xylene weakened, and the downward pressure increased.

Outlook

Analysts of o-xylene data of business agency believe that the conflict between Russia and Ukraine is expected to ease, the price of crude oil falls, the price of mixed xylene falls, the cost support of o-xylene weakens, the downstream demand weakens, the rising power of o-xylene weakens, and the downward pressure increases. Generally speaking, the pressure on the decline of the cost of orthobenzene is increasing, the demand power is weakening, and the price of orthobenzene is expected to be weak and stable in the future.

According to the monitoring data of business agency, the external price of ethylene fluctuated and rose this week. The average price of ethylene at the beginning of the week was US $1445.25/ton, and the average price of ethylene at the weekend was US $1473.00/ton, up 1.92%. The current price rose by 21.16% month on month, and the current price rose by 26.85% year-on-year.

This week, the external ethylene market generally showed an upward trend. The price of ethylene in Asia fell. As of the 16th, CFR Northeast Asia closed at US $1296-1306 / ton and CFR Southeast Asia closed at US $1296-1306 / ton. European ethylene market prices rose sharply. As of the 16th, FD northwest Europe closed at US $1744-1754 / ton and CIF northwest Europe closed at US $1537-1545 / ton. The price of ethylene in the United States fell. As of the 16th, the price was 636-653 yuan / ton. This week, the market price of ethylene in the outer market fluctuated, with an overall rise, mainly affected by the upstream crude oil, rising first and then falling.

International: crude oil prices fell this week. As of the 16th, the settlement price of the main contract of WTI crude oil futures in the United States was US $95.04/barrel, down US $1.4 or 1.5%; The settlement price of the main contract of Brent crude oil futures was US $98.02/barrel, down US $1.89 or 1.9%. The data released by the US Energy Information Administration (EIA) on Wednesday showed that US crude oil inventories rose for the first time in three weeks, and the market was worried that high oil prices would suppress demand.

Recently, the market price of styrene has continued to decline. The market focus of raw material pure benzene has been lowered, and the cost support of styrene is poor. At present, the spot supply is relatively abundant, and the downstream is dominated by digestion contracts, and the market transaction is weakened. The styrene market continued to decline.

The ethylene analyst of the chemical branch of the business agency believes that: at present, in terms of crude oil, the international crude oil price has fallen sharply and the cost support is insufficient. Therefore, the data analyst of the business agency predicts that the external price of ethylene will mainly fall next.

1、 Price trend

According to the monitoring data of business agency, the average ex factory price of domestic ammonium sulfate was 1363 yuan / ton on March 7 and 1740 yuan / ton on March 11. The price of ammonium sulfate increased by 27.63% this week.

2、 Market analysis

The price of ammonium sulfate rose continuously this week, with an increase of 300-500 yuan / ton, and the market rebounded strongly. As the price of urea at home and abroad continues to rise, it is good for the market of ammonium sulfate. Downstream enterprises purchase intensively, the atmosphere in the venue heats up rapidly, and the industry is mostly bullish. This week, the bidding price of coking grade ammonium sulfate enterprises increased significantly, and the internal grade ammonium sulfate also rose rapidly, but the downstream still has a mentality of resistance to the high price ammonium sulfate. As of March 11, the factory quotation of coking grade ammonium sulfate and mainstream ammonium sulfate in Shandong is about 1720 yuan / ton. The mainstream factory quotation of ammonium sulfate in Hebei is about 1800 yuan / ton. Hexene grade ammonium sulfate, the ex factory quotation in Shandong is 1700-1800 yuan / ton.

This week, due to the continuous rise of urea price and the strengthening of resistance in the downstream of urea, the rise of urea led to the sharp rise of ammonium sulfate Market. This week, the downstream compound fertilizer was put into operation at a high level. Due to the sharp rise of compound fertilizer raw materials, compound fertilizer enterprises mostly hold a wait-and-see attitude and do not offer for the time being. Under the pressure of cost, the short-term compound fertilizer market is mainly consolidated, waiting for the information guidance.

3、 Future forecast

The ammonium sulfate analyst of the business agency believes that with the advent of spring ploughing and the peak season of domestic fertilizer use, dealers are actively taking goods. The bullish atmosphere in ammonium sulfate field is strong, and the demand side is waiting for continuous follow-up. The rise of urea is good for the market of ammonium sulfate. Ammonium sulfate is expected to continue the upward trend in the short term, but it is already at a high level and the rising space is limited.

According to the monitoring data of business society, as of March 11, 2022, the average price of organosilicon DMC market quotation in mainstream areas was 35720 yuan / ton. Compared with the price on March 6, 2022 (the reference price of organosilicon DMC was 37300 yuan / ton), the average price was reduced by 1580 yuan / ton, a decrease of 4.24%.

It can be seen from the data monitoring chart of business agency that this week, the market trend of domestic silicone DMC was rising first and then falling. At the beginning of this week, on March 7, the domestic organosilicon DMC market rose broadly. A large organosilicon DMC factory in Shandong significantly increased the ex factory price of organosilicon DMC by 1500 yuan / ton. The ex factory price of organosilicon DMC in this factory was referred to as 39500 yuan / ton. Then on the 8th, the offers of other factories were stable, followed by small and medium-sized increases, and the phenomenon of market closure increased. On the 8th, The factory quotation of domestic silicone DMC refers to around 38000-39000 yuan / ton. On the 9th, the opening price of Shandong large factory fell sharply, and the price fell by thousands of yuan. The ex factory price of silicone DMC of the factory fell to 38500 yuan / ton. The quotation of other factories was multidimensional and stable, and the trading atmosphere on the floor was general. The downstream began to prepare goods carefully due to the continuous wide rise in the early stage, and the conduction obstruction on the floor appeared. On the 10th, Shandong large factory fell sharply again, The price of organosilicon DMC has dropped to 34000 yuan / ton, and there is a heavy wait-and-see mood in the downstream. On March 11, the offer price of Shandong large factory rebounded. The ex factory price of silicone DMC was 34600 yuan / ton, up 600 yuan / ton compared with the previous day. The quotations of other factories and suppliers were mostly stable or based on actual negotiations. At present, as of March 11, the trading atmosphere of silicone DMC was general, and the rise and fall of the situation brought constant tension to the market, and the wait-and-see mood was always strong.

In terms of upstream metal silicon, since March, the domestic metal silicon (441#) market has been rising as a whole. According to the monitoring data of business society, the average reference price of metal silicon was 23910 yuan / ton on March 10, up 4.46% compared with 22890 yuan / ton on March 1.

Silicone DMC market outlook forecast

This week, the domestic organosilicon DMC market fluctuated frequently, and the actual transaction on the floor was handled cautiously. The organosilicon DMC data division of business society believes that in the short term, the domestic organosilicon DMC market is mainly adjusted and operated in a narrow range, and more attention should be paid to the trend changes of supply and demand.

Cobalt prices rose slightly this week

According to the data monitoring of business agency, the domestic cobalt price rose slightly this week, and the cobalt market rose. As of March 14, the average price of cobalt was 568500 yuan / ton, up 0.87% from 563600 yuan / ton on March 7 last week. On March 13, the cobalt commodity index was 203.06, unchanged from yesterday, down 15.01% from the highest point 238.91 in the cycle (2018-04-15), and up 190.75% from the lowest point 69.84 on July 5, 2016. (Note: the period refers to the period from September 1, 2011 to now). The impact of cobalt price on the historical high is limited, and the risk of cobalt price decline remains.

The international cobalt price fluctuated and rose this week

As can be seen from the trend chart of MB cobalt price, MB cobalt price rose sharply this week, the price of international standard cobalt rose sharply, the domestic cobalt market was good, the increase of international cobalt price increased, and the international cobalt market was good for the domestic cobalt market.

Sales of new energy vehicles fell

According to the data released by China Automobile Association, in February, China’s production and sales of new energy vehicles completed 368000 and 334000 respectively, with a year-on-year increase of 2.0 times and 1.8 times respectively. According to the data of the travel Federation, the wholesale sales of new energy passenger vehicles in China reached 317000 in February, with a year-on-year increase of 189% and a month on month decrease of 24%, which is less than that in previous years. In February, the retail sales volume of new energy passenger vehicles reached 272000, with a year-on-year increase of 181% and a month on month decrease of 23%. The month on month decrease was better than that in February. The sales volume of new energy vehicles decreased month on month, the demand for new energy vehicles decreased, the demand of cobalt market fell, and the rising power of cobalt Market weakened.

Market Overview

Bai Jiaxin, a data analyst of business agency, believes that the sales of new energy vehicles fell slightly and the demand of cobalt market fell. This week, the international cobalt price rose sharply, the price difference between domestic and foreign cobalt prices still exists, the driving force of cobalt price rise is large, the domestic cobalt price is close to the historical high, the domestic cobalt price rise is too fast, and the risk of decline in the domestic cobalt market still exists. Generally speaking, the demand growth has a strong upward momentum in the cobalt market. The domestic cobalt price rises too fast, and the risk of decline in the cobalt market remains. It is expected that the cobalt price will rise slightly in the future.

1、 Price trend

As can be seen from the above figure, the domestic market price of neopentyl glycol fell slightly this week. The average price of domestic mainstream market price of neopentyl glycol fell from 19000.00 yuan / ton at the beginning of the week to 18166.67 yuan / ton at the end of the week, a decrease of 4.39%.

2、 Market analysis

The quotation of mainstream manufacturers of neopentyl glycol fell this week: the distribution price of Shanghai Qihua Wanhua neopentyl glycol at the weekend was 18000 yuan / ton, which fell by 500 yuan / ton compared with the beginning of the week; The distribution price of Shandong Zhiying Jihua neopentyl glycol at the weekend was 18000 yuan / ton, which was 2000 yuan / ton lower than that at the beginning of the week. Jinan aochen Wanhua neopentyl glycol weekend distribution price is 18500 yuan / ton, compared with the beginning of the week, the quotation is temporarily stable.

From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price rose first and then fell this week. This week, the average price of isobutyraldehyde in the mainstream domestic market first rose from 15166.67 yuan / ton on March 5 to 15466.67 yuan / ton on March 10, an increase of 1.98%, and then fell to 15266.67 yuan / ton on March 11, a decrease of 1.29%. The market price of upstream raw materials fell slightly and the cost support was general. Affected by the supply and demand side, it had a negative impact on the price of neopentyl glycol.

3、 Future forecast

In mid March, the market trend of neopentyl glycol may decline slightly. The upstream isobutyraldehyde market has a downward trend, the cost support is general, the downstream coating market is general, and the downstream procurement enthusiasm is weak. Analysts of neopentyl glycol in business society believe that the short-term neopentyl glycol market may fluctuate slightly and fall under the influence of supply and demand, raw materials and other aspects.

According to the monitoring data of business agency, from February 28 to March 4, the average market price of cyclohexanone in China rose from 10966 yuan / ton to 11200 yuan / ton, an increase of 2.13% during the week, and the price fell by 6.41% month on month and 7.01% year-on-year.

This week, domestic cyclohexanone stopped falling and rebounded, crude oil and pure benzene rose strongly, and the cost side formed a good support. From the perspective of supply and demand, in the early stage of downstream chemical fiber bargain hunting procurement, the pressure of cyclohexanone low-price shipment was significantly reduced. In addition, under the cost pressure, the bullish atmosphere was still good, cyclohexanone manufacturers actively explored the rise, and the market low price was reduced.

Summary of domestic cyclohexanone market as of March 4:

region ., Price

East China . 11600-11700 yuan / ton vehicle cash delivery

South China . 11900-12000 yuan / ton cash delivery

Shandong region . 11300-11400 yuan / ton

Raw material pure benzene: the price of pure benzene rose. The core reason for the price rise is the sharp rise in crude oil caused by the situation in Ukraine, and the cost side promotes the price upward.

Comparison chart of price trend of pure benzene (upstream raw material) and cyclohexanone in business agency:

Downstream caprolactam: the market price of caprolactam rose. Recently, the market is mainly strongly supported by the cost side. The price of crude oil has risen to more than $110, and the price of pure benzene has continued to rise.

Comparison chart of price trend of cyclohexanone and caprolactam (downstream products) in business society:

At present, crude oil is too strong, and its short-term favorable promotion to the price of pure benzene can still be maintained. At present, the supply and demand of cyclohexanone is weak, but if crude oil and pure benzene continue to rise, there is still room for rise under the pressure of cyclohexanone cost. The cyclohexanone analysts of the business society expect that the short-term cyclohexanone market will be mainly sorted out.

1、 Price summary on March 4:

The quotation of Shijiazhuang refining and chemical company is 8000 yuan / ton, and that of Qilu Petrochemical Company is 8000 yuan / ton,

Yangba offers 7800 yuan / ton,

Guangzhou Petrochemical offers 7850 yuan / ton, Maoming Petrochemical offers 7800 yuan / ton,

Changling refinery offers 7900 yuan / ton,

Shandong Jingbo Petrochemical offers 8200 yuan / ton.

2、 Fluctuation trend:

3、 Analysis and comments:

In terms of crude oil, geopolitical tensions triggered concerns about supply disruptions, and international oil prices continued to rise broadly. WTI is the highest level since September 2008 and Brent is the highest level since February 2013.

Today, the price of toluene in Sinopec East China increased by 300 yuan / ton, and the price of toluene in Jingbo Petrochemical increased by 400 yuan / ton.

The United States and the European Union are discussing relevant bills banning Russian oil and energy imports. Oil prices soared again and the risk of interruption of crude oil supply increased. Supported by the rise in cost, the willingness of toluene holders to support the price remains unchanged. Today, Sinopec’s Toluene price increased, and the market followed the rise.

According to the data monitored by the business agency, as of March 7, the average price of lithium iron phosphate, a domestic high-class power product, was 155000.00 yuan / ton. Compared with the same period last week, the market price of lithium iron phosphate increased by 3.33%. The overall market negotiation focus was high, the inventory was low, the downstream just needed to purchase, the trading atmosphere was ok, and there was a continuous upward trend.

The price of lithium iron phosphate is relatively strong. Compared with the price rise trend in the same period last week, the manufacturers have tight supply, insufficient supply, high negotiation focus, and the overall market negotiation atmosphere is acceptable. The focus of the upstream market is high, and the price is high. The lithium iron phosphate market has certain support, and the overall market is relatively strong.

Upstream lithium carbonate: the average price of industrial grade lithium carbonate in East China is 456600 yuan / ton. The overall market continues to rise, and the price of lithium carbonate continues to rise. At present, the market output of lithium carbonate is still affected by the shortage of resources, the market gap still exists, and the price of lithium iron phosphate will remain stable and rise in the short term.

Chemical commodity index: on March 6, the chemical index was 1165 points, unchanged from yesterday, down 16.79% from the highest point of 1400 points in the cycle (2021-10-23), and up 94.82% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to the period from December 1, 2011 to now).

Analysts of lithium iron phosphate in business society believe that lithium iron phosphate is expected to be strong in the short term and the price will rise. (to get more information about goods and to grasp the price of commodities, welcome to subscribe to the business community through the official account of the business community, the market is the opportunity).

1、 Price trend

According to commodity data monitoring, the price of isopropanol increased slightly this week. The average price of domestic isopropanol was 7350 yuan / ton last Friday and 7400 yuan / ton this Friday. The price rose by 0.68% during the week.

2、 Market analysis

Figure: comparison chart of price trend of acetone and isopropanol from November to January

The domestic isopropanol market increased slightly this week. The overall market trading atmosphere is general and cautious. Factories and traders have strong upward intention. Manufacturers mainly support prices and downstream purchase on demand. Up to now, most of the quotations of isopropanol in Shandong are about 7000-7300 yuan / ton; Most of the quotation range of isopropanol in Jiangsu is about 7500-7600 yuan / ton; The quotation range of isopropanol in Zhejiang is around 7300 yuan / ton. Internationally, on March 1, isopropanol in the United States closed stable, while isopropanol in Europe closed mixed.

In terms of raw material acetone, the acetone market showed a trend of falling first and then hitting the bottom during the week. The international crude oil is at a high level, the international situation is still grim, there is still room, and the cost side has a great impact. With the warmer weather, the start-up of small enterprises in the downstream is increasing, the purchasing sentiment is expected to increase, and the trading atmosphere is improved. On the 4th, some domestic factories actively increased by 100-200 yuan / ton, boosting the market. The business society expects that there is still room for the acetone market next week.

In terms of raw material propylene, the price of propylene (Shandong) rose sharply this week, and the market quotation exceeded 9000 yuan / ton, of which the mainstream price of propylene in Shandong was 9000-9100 yuan / ton. Due to the further deterioration of the situation in Russia and Ukraine, the Western camp’s sanctions against Russia have been upgraded, the market’s expectation of future energy supply interruption has been further strengthened, and the oil price has continued to rise strongly. Under the cost pressure, the price of propylene has increased significantly twice, and the downstream demand is general. Under the expectation of price increase, the purchase intention of the downstream is enhanced, but at the same time, some demand users are in wait-and-see mood.

3、 Future forecast

Isopropanol analyst of business society chemical branch believes that the domestic isopropanol market is generally traded. Factories and traders have strong upward intention. The price of acetone rebounded from the bottom, the price of propylene rose sharply, and the raw material supported isopropanol strongly. The price of isopropanol is expected to rise in the short term.

Price trend:

According to the bulk list data of business society, the domestic ABS market generally rose and fell back in February, and the spot prices of various brands decreased. As of February 28, the average price of general-purpose ABS mainstream offer was about 14100 yuan / ton, up or down – 3.42% compared with the price level at the beginning of the month.

Factor analysis:

Industrial chain: in terms of raw material styrene, Shandong styrene market fluctuated and fell this month. The cost side rose and fell, and the spot fell. Crude oil rose sharply at the end of the month, the price of pure benzene followed the rise, and the cost support of styrene recovered. The downstream resumption of work is slow, mainly digesting contracts, insufficient spot demand, the market spot trading is still depressed, the confrontation between supply and demand is game, and the market expectation is still volatile in the short term.

The price of acrylonitrile was sorted out and operated this month. In the early stage, the shipment of newly put into operation equipment impacted the market, and the operating rate of the industry was also on the high side. Although some enterprises had maintenance plans at the end of the month, there were many sources of goods in the field, the merchant inventory was high, and the supply side was bad on the spot market. In terms of downstream demand, textile enterprises resumed work slowly in February, and concentrated after the Lantern Festival to stop the decline. At the end of the month, the mentality of operators is too much, but the high construction of market inventory may cause considerable resistance to the recovery of acrylonitrile.

The domestic butadiene market continued to rise this month. During the month, two plant failures of Korean enterprises triggered a sharp rise in the domestic butadiene market price. At the same time, the external market and major domestic production enterprises continued to push up, and the price of butadiene rose again and again. Affected by the policy, some downstream industries started poorly, the demand recovery was less than expected, and the market transaction was not smooth. However, with the end of the Winter Olympics and the commencement of downstream construction, the butadiene market is expected to rise again. However, the rapid rise of the market led to cautious downstream procurement, and some high price offers still need to be followed up. Butadiene analysts of business society predict that the domestic butadiene market will be dominated by high-level consolidation in the short term.

In February, the overall upstream market of ABS was mixed, and the cost side support was general. In terms of industry load, the operating rate of domestic ABS enterprises is high, the overall supply is high and the prognosis is abundant. The ABS market was affected by the inventory pressure of enterprises and downstream throughout the month, and the rise of spot prices was blocked after the return of the Spring Festival. In addition, after the price reduction is full, the business is biased to resume the operation, and the demand of the terminal is increased. At the end of the month, the load of downstream enterprises resumed one after another, the trading volume was relatively large, and some offers were boosted and rose slightly.

Future forecast:

Business analysts believe that the spot market of ABS fluctuated and fell in February, and the three upstream material trends rose and fell respectively, which generally supports the cost side of ABS. Domestic spot prices are mainly affected by the high load and abundant supply of the industry. After the festival, the demand follow-up of terminal enterprises was slow, and the trading recovered at the end of the month, but the on-site supply is still large. It is expected that in the short term, the ABS spot market may be mainly sorted and operated.

On February 27, the crude benzene commodity index was 102.30, unchanged from yesterday, down 22.41% from the highest point of 131.84 in the cycle (January 28, 2013), and up 234.97% from the lowest point of 30.54 on April 8, 2020. (Note: the period refers to the period from September 1, 2011 to now).

In February 2022, the crude benzene market rose at the beginning of the month and fluctuated in the middle of the month. The domestic ex factory price of crude benzene was 5999 yuan / ton at the beginning of the month and 6533 yuan / ton at the end of the month, with a monthly increase of 8.9%.

Summary of price adjustment of Sinopec pure benzene (unit: yuan / ton)

Date, Adjusted price, Adjustment amount

July 2, 8100.,+400

February 14, 7950.,-150

February 18, 7750.,-200

February 24, 7900.,+150

On February 24, 2022, the listing price of Sinopec pure benzene was increased by 150 yuan / ton, 7900 yuan / ton, and Qilu Petrochemical 7850 yuan / ton.

Other enterprises: Dongming Petrochemical offers 8000 yuan / ton, HSBC Petrochemical 7900 yuan / ton, Jincheng Petrochemical 7950 yuan / ton, Weilian chemical 8003 yuan / ton, Xinhai Petrochemical 7950 yuan / ton and Hongrun petrochemical 8450 yuan / ton.

Crude oil rose mainly this month. Positive: the prospect of crude oil demand is good and the geopolitical situation is tense; Bearish: positive signals from Iran’s nuclear negotiations. As of February 25, Brent rose $6.72 / barrel, or 7.37%; WTI rose $3.44/barrel, or 3.9%. On February 25, the price of international crude oil futures fell. Us WTI crude oil futures contract settlement price in April was US $91.59/barrel, down US $1.22 or 1.31%; The settlement price of Brent crude oil futures contract in April was US $95.42/barrel, down US $1.15 or 1.20%.

During the Spring Festival, the strong rise of crude oil led to the positive follow-up of relevant energy and chemical products. The shipment of pure benzene from local refining enterprises in Shandong Province was good, and the price rose actively. After the festival, Sinopec raised the price of pure benzene to 8100 yuan / ton, and the market negotiation was positive. However, with the weakening of crude oil support and the limited follow-up of downstream end products, the whole pure benzene industry chain weakened, the holders took profits and the price fell continuously. In late June, tensions between Russia and Ukraine escalated, crude oil rose significantly in the short term, the cost side drove pure benzene to rise, and the price rebounded rapidly. The hydrogenated benzene market closely follows the trend of pure benzene. In the first half of the month, the behavior is dominant, and the second half of the month enters the consolidation shock period. In terms of crude benzene, it followed the overall upward trend of the industrial chain at the beginning of the month. In the middle of the month, with the interweaving of bad and positive factors, the crude benzene price fluctuated and the price fluctuation was limited.

In terms of commencement: the recent commencement of coking enterprises is still low, the overall output of coke and by-products is low, and the supply is slightly tight.

In the future, the business agency believes that at present, pure benzene is obviously affected by the fluctuation of crude oil trend. In terms of demand, some downstream profit space is insufficient and the pursuit of growth is weak. Some factories stop to reduce the burden, the demand is limited, and the upward pressure of pure benzene increases, which may fall back; If crude oil continues to rise, or support pure benzene to rise. Continue to pay attention to the impact of the international crude oil market, the external market, the dynamics of pure benzene and downstream devices, and changes in demand on the price of pure benzene.

1、 Price trend

According to the data monitoring of the bulk list of business society, the price of bromine rose first and then fell in February. At the beginning of the month, the average market price was 58666.6 yuan / ton. At the end of the month, the average market price was 57333.33 yuan / ton, down 2.27% and up 67.26% year-on-year. On February 27, the bromine commodity index was 203.51, unchanged from yesterday, down 17.00% from the highest point 245.18 in the cycle (2021-10-27), and up 245.40% from the lowest point 58.92 on October 29, 2014. (Note: the period refers to the period from September 1, 2011 to now)

2、 Market analysis

At the beginning of the month, the domestic bromine price was slightly adjusted and operated. At present, the mainstream price of Shandong enterprises is about 55000-59000 yuan / ton. The bromine price is stable and small. At the beginning of the week, bromine enterprises have a small amount of spot goods, and the quotation is relatively firm. However, the downstream flame retardant and pharmaceutical intermediate industries started slowly after the Spring Festival, and the shipment of enterprises is general. In fact, supply and demand are weak and the market is deadlocked.

In the second half of this month, the domestic bromine price was weak, the bromine price was stable and small, the bromine enterprises started at a low level, and the inventory was small. The downstream flame retardants and pharmaceutical intermediates industry started slowly after the Spring Festival, mostly purchased on demand, and the shipment of enterprises is general. In fact, supply and demand are weak and the market is deadlocked.

In terms of raw materials, the price of sulfur rose this month. The average market price at the beginning of the month was about 2150 yuan / ton, and the average market price at the end of the month was 2253.33 yuan / ton, with a price increase of 4.81%, up 75.13% from the same period last year. Domestic refineries have no inventory pressure for the time being, the downstream sulfuric acid market is rising, the demand for liquid sulfur is increasing, the superposition of port supply into the market is less, the port liquid sulfur price is supported, and the liquid sulfur price of regional refineries is rising sharply; In terms of downstream phosphate fertilizer, the demand for sulfur is acceptable, the refinery shipment is smooth, and the price of sulfur fixation increases slightly.

Business analysts believe that the bromine price consolidation operation, bromine downstream flame retardants and intermediates industry mostly purchase on demand, but the actual transaction is general. It is comprehensively estimated that the short-term bromine price consolidation operation is mainly based on the downstream market demand.

In February, the domestic MIBK market rose in a narrow range. By the end of the month, the market reference offer in East China was around 13600-13800 yuan / ton. According to the monitoring data of business agency, the market mixed offer in East China was 13333 yuan / ton on February 1 and 13833 yuan / ton on February 28, an increase of 3.75% in the month. On February 7, the market offer was 12733 yuan / ton, with an overall amplitude of 8.64% in the month.

In terms of raw materials, the acetone market in East China rose first and then fell, and remained the same at the end of the month as at the beginning of the month. The domestic East China market offered 5600 yuan / ton on January 1, 5650 yuan / ton on February 28, 6050 yuan / ton on February 14, with an amplitude of 8.04% in the month. All major mainstream markets of acetone showed a trend of rising first and then falling. By the end of the month, the negotiation in East China was 5650 yuan / ton, that in Shandong and Yanshan surrounding areas was 5900 yuan / ton, and that in South China was 5850 yuan / ton.

During the month, Ningbo Zhenyang 15000 T / a MIBK plant was shut down, the overall operating rate of the industry decreased, the overall inventory pressure of the factory was not large, and the continuous downward market before the festival made the supply of goods in the hands of traders small, the spot circulation resources in the field were limited, the mentality of the holders was supported, and the quotation continued to rise.

The downstream rubber additives market is flat, but the market is up, but the transaction surface is not enough. The accelerator has recovered, and the antioxidant market has improved significantly. However, at present, the inventory of downstream tire enterprises is high, the operating rate of the industry has declined, and the demand side is dragged down.

From the perspective of business community, the market is still in a state of constant price support. The terminal will continue to warm up next month, especially the demand of antioxidant industry will increase. Although Ningbo Zhenyang device will restart next month, the supply side is still progressing, and the circulating spot resources are not sufficient. It is expected to show a state of price support at the beginning of next month.