1、 Price trend

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

2、 Market analysis

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

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

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

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

3、 Future forecast

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

1、 Price trend

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

2、 Market analysis

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

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

3、 Future forecast

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

1、 Price trend

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

2、 Analysis and comment

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

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

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

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

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

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

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

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

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

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

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

3、 Future forecast

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

1、 Price trend

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

market analysis

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

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

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

Future forecast

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

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

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

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

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

Aluminum market trend in April

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

The first quarter surplus hit a slump

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

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

Reasons for the collapse of Fundamentals:

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

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

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

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

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

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

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

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

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

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

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

Future forecast

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

Recent influencing factors of aluminum price:

 
1. Policy information

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

2. Domestic downstream

Consumption of domestic automobile and home appliance industry.

3. Aluminum export

Wait and see the development of epidemic situation abroad.

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

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

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

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

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

1、 Price trend:

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

2、 Market analysis:

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

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

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

3、 Future forecast:

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

1、 Price trend chart of nitric acid Market

Nitric acid price curve

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

2、 Market analysis

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

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

3、 Future forecast

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

1、 Price trend

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

2、 Analysis and comment

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

2. Industrial chain:

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

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

3、 Future forecast

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

1、 Price trend

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

2、 Market analysis

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

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

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

3、 Future forecast

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

1、 Price trend

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

2、 Market analysis

Products:

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

Industrial chain:

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

Industry:

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

3、 Future outlook

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

1、 Price trend

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

2、 Market analysis

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

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

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

3、 Future forecast

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

1、 Price trend of propylene oxide:

(Figure: P value curve of propylene oxide product)

2、 Market analysis:

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

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

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

3、 Future forecast:

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

1、 Price trend

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

2、 Market analysis

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

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

3、 Future forecast

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

1、 Price trend

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

2、 Market analysis

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

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

3、 Future forecast

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

1、 Price trend

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

2、 Market analysis

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

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

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

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

3、 Future forecast

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

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

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

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

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

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

1、 Price trend

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

2、 Market analysis

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

3、 Future forecast

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

1、 Price trend

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

2、 Market analysis

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

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

3、 Future forecast

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

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

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

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

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

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

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

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

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

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

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

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

1、 Price trend

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

2、 Market analysis

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

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

3、 Future forecast

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

1、 Price trend

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

2、 Market analysis

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

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

3、 Future forecast

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

1、 Price trend

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

2、 Market analysis

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

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

3、 Future forecast

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

1、 Price trend

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

2、 Analysis and comment

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

2. Industrial chain:

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

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

3、 Future forecast

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

1、 Price trend

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

2、 Market analysis

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

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

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

3、 Future forecast

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

1、 Price trend of lithium hydroxide:

(Figure: P value curve of lithium hydroxide product)

2、 Market analysis:

Product: according to the data of the business club’s large list, the average price of lithium hydroxide enterprises on March 13 was 57000 yuan / ton, which was the same as that of yesterday, and the focus of market negotiation was stable. In a three-month cycle, it fell 1.16% year-on-year. At present, the external quotation of industrial grade lithium hydroxide of Shanghai Yulun Industrial Co., Ltd. is 58000 yuan / ton, the external quotation of industrial grade lithium hydroxide of Shanghai Eugene Industrial Co., Ltd. is 58000 yuan / ton, and the external quotation of industrial grade lithium hydroxide of Zigong tongfarong Industrial Co., Ltd. is 55000 yuan / ton. The specific price will be discussed in a single way. At present, the mainstream price of industrial lithium hydroxide Market in China is around 55000-58000 yuan / ton.

On March 12, the lithium hydroxide commodity index was 135.71, unchanged from yesterday, down 64.43% from 381.48 (2016-09-12), the highest point in the cycle, and up 35.71% from 100.00, the lowest point on September 4, 2014. (Note: cycle refers to 2014-09-01 to now)

Industry chain: in the near future, the price of lithium carbonate market fluctuates slightly, with stability as the main factor. Some enterprises have adjusted their quotations, with ups and downs. In some areas, the operation rate is insufficient, the downstream operation is gradually getting better, the number of inquiries is increasing, and the transaction center of industrial lithium carbonate market is moving up in a narrow range. As of March 13, the average price of industrial grade lithium carbonate in East China is 44200 yuan / ton, and the average price of battery grade lithium carbonate in East China is 51200 yuan / ton.

3、 Future forecast:

According to analysts of lithium hydroxide of business association, the recent strong operation of the upstream lithium carbonate market supports the cost of lithium hydroxide. At present, the focus of market negotiation is stable. With the gradual opening of the overall lithium salt market, it is expected that in the short term, the industrial lithium hydroxide Market will be mainly consolidated and operated.

1、 Price trend:

On March 8, crude benzene commodity index was 63.81, flat with yesterday, down 51.60% from 131.84 (2013-01-28), the highest point in the cycle, and up 62.57% from 39.25, the lowest point on December 22, 2014. (Note: cycle refers to 2011-09-01 to now).

2、 Market analysis:

Domestic market: the focus of pure benzene negotiation this week is weak. On Tuesday, Sinopec reduced the price of pure benzene by 200 yuan / ton to 5150 yuan / ton, and the price of pure benzene continued to rebound. In terms of supply, the recent crude benzene supply picked up slightly compared with last week, the operating rate of coking enterprises picked up slightly, the operating rate of downstream hydrogenated benzene enterprises was still low, and the support for crude benzene was limited. As of Friday, the price of crude benzene in Shandong fell slightly to about 3850 yuan / ton.

Industry chain: crude oil: OPEC pushed forward production reduction at the beginning of the week, and oil prices rose in a downward trend. But later, it was reported that Russia still had differences, market concerns increased, and oil prices fell. Compared with February 28, Brent increased by 2.01% and WTI by 2.49%. Compared with the beginning of the year, Brent fell by 22.86% and WTI by 24.21%. Pure benzene: the focus of this week’s pure benzene negotiation is weak. On Tuesday, Sinopec reduced the price of pure benzene by 200 yuan / ton to 5150 yuan / ton. Northern region, the early price clearance, inventory pressure is now reduced, the market began to rise. Downstream: downstream styrene fell in shock. Friday’s price was 6600 yuan / ton, down 1.49% from last week. In order to promote the shipment of aniline, the price was lowered. The price in Shandong was 6700 yuan / ton, and that in Nanjing was 6900 yuan / ton.

3、 Trend Forecast:

The impact of social public events in foreign countries is still large, and there are still uncertain factors in the promotion of OPEC production reduction, so the rebound momentum is small. In terms of pure benzene, the price in East China is under pressure. There is still downward space for pure benzene. The cost pressure of downstream hydrogenated benzene enterprises is still the same. There is strong pressure on crude benzene, and the market pressure on crude benzene is still the same. It is expected to stabilize in the short term and slightly decline.

1、 Price trend

In February, the domestic liquefied gas (Shandong) market fell as a whole, with a trend of first falling, then rising and then falling. At the beginning of the month, the average price of the domestic LPG market was 4383.33 yuan / ton, and at the end of the month, the average price was 3700 yuan / ton, with a 15.59% drop in the price within the month, and the price was 7.88% lower than that of the same period last year.

2、 Analysis of influencing factors

Product: the price of domestic LPG market fluctuated in February. As of February 28, the outgoing price of LPG of SINOPEC Guangzhou Branch is 4010 yuan / ton, that of Sinopec Jingmen Branch is 4400 yuan / ton, that of Sinopec Shanghai Petrochemical Co., Ltd is 3920 yuan / ton, that of Sinopec Qingdao Refining & Chemical Co., Ltd is 3800 yuan / ton, and that of Sinopec Shijiazhuang Refining & Chemical Co., Ltd is 3550 yuan / ton. The price of Sinopec Luoyang Petrochemical LPG is 3850 yuan / ton.

In February, the liquefied gas (Shandong) market fell mainly, with large fluctuations during the period. At the beginning of the month, affected by public events, the Spring Festival holiday was extended, transportation was blocked, the downstream work resumed slowly, the terminal demand was reduced, the market transaction atmosphere was cold, the manufacturer’s shipment was blocked, and the inventory was gradually increased, so the production had to be controlled by production reduction or shutdown, and the price of liquefied gas was continuously lowered. In the middle of the month, the number of enterprises returning to work increased, the market demand increased, and the traffic and transportation recovered. With the continuous reduction of the price to the low level, the downstream market entered the market for staged replenishment, coupled with the significant increase of international crude oil, the market showed a continuous upward trend. But near the end of the month, with the rise of public events, international crude oil fell sharply, especially WTI crude oil fell to a new low in the past year. And in March, CP is expected to fall, which is a negative market mentality. The downstream market is mostly delisted and consumes inventory, and the wait-and-see is the main thing. The market transaction atmosphere turns weak, and liquefied gas falls into a downward situation again.

Saudi Aramco announced in March that the price of propane and butane were lowered. Propane fell to $430 / T, down $75 / T from last month, and butane to $480 / T, down $65 / T from last month. It is estimated that the c.i.f. cost of long-term propane is about 3810 yuan / ton, and butane is about 4196 yuan / ton.

Industry: according to the price monitoring of the business association, there are three kinds of commodities in the rise and fall list of bulk commodity prices in February 2020, among which one is more than 5%, accounting for 6.3% of the monitored commodities in the energy sector; the top three commodities are petroleum coke (26.38%), dynamic coal (2.09%) and coking coal (0.79%). There are 12 kinds of commodities falling on a month on month basis, and 7 kinds of commodities falling by more than 5%, accounting for 43.8% of the number of commodities monitored in the sector; the top three products falling are liquefied gas (- 15.59%), MTBE (- 15.56%), dimethyl ether (- 10.08%). This month’s average rise and fall was – 3.68%.

3、 Future forecast

In March, CP price was introduced, and propane butane fell sharply, which was a negative market mentality. At present, although the upstream inventory is controllable, but the downstream has not been fully resumed, and the terminal demand is still limited. In the short term or continue to be weak. In the long run, with the slow increase of resumption of work and the expected growth of demand, the market may have a rebound under the support of low supply.

1、 Price data:

According to the data monitoring of the bulk list of business associations, the domestic bromine market in February was weak and stable, and the average price of bromine in China remained at about 30277 yuan / ton, down 13.49% from the same period last year.

2、 Cause analysis

Products: in February, the domestic bromine market was in the traditional off market period, and the overall market operating rate was at a low level. Affected by the new crown epidemic, the enterprise started to postpone to March. At present, the industry’s inventory has been exhausted, the market supply is tight, but the downstream just needs to be flat, and the logistics and transportation just recovered. Therefore, the industry’s traffic and investment is light. At present, the mainstream enterprises offer about 29000-30000 yuan / ton.

Industry chain: this month, the upstream market of bromine in China is stable and rising, and the market operation is insufficient. At present, sulfur is about 506 yuan / ton, sulfuric acid is about 313 yuan / ton, caustic soda is about 602 yuan / ton, and soda ash is about 1553 yuan / ton. In the downstream, the market performance of flame retardants is relatively weak, the development of pharmaceutical and agricultural intermediates is relatively low, the overall rigid demand is weak, and the supply and demand are weak, which has a negative impact on the price of bromine.

3、 Future forecast

According to the bromine industry analysts of business association, at present, the domestic bromine market has been delayed and the spot supply is insufficient. Affected by the poor downstream demand, the overall supply and demand of the market are weak. It is expected that the market will maintain stable operation in the short term. After the two sessions and the epidemic, the market will usher in a turnaround.

1、 Price trend chart of nitric acid Market

 
Nitric acid price curve

 
According to the monitoring of business agency, the average price of nitric acid in East China at the beginning of this week was 1583 yuan / ton, while the average price at the weekend was 1550 yuan / ton, down 2.11%.

2、 Market analysis

Products: the prices of some concentrated nitric acid enterprises have declined, and Jiangsu Hongze Yinzhu chemical industry has stopped reporting; Anhui Jinhe Chemical Industry Co., Ltd. has offered 1450 yuan / ton, which is the same as last week; Wenshui County Synthetic Chemical Co., Ltd. has offered 1860 yuan / ton, which is the same as last week; Shandong helitai Chemical Industry Co., Ltd. has offered 1700 yuan / ton, which is 100 yuan / ton lower than last week; nitric acid market demand is light. The nitric acid enterprises started gradually, and the market supply recovered slightly.

Industrial chain: the demand for liquid ammonia continued to rise this week, with the increase of 7.51% this week. Downstream TDI, February 27 TDI East China market stable wait-and-see.

3、 Future forecast

Supported by raw material liquid ammonia, but the demand for nitric acid market is difficult to change. The nitric acid analyst of the business society expects that nitric acid may be adjusted as the main one.

1、 Price trend

According to the price monitoring of the business agency, the asphalt market price remained stable in February, and the asphalt price at the end of the month was 3420 yuan / ton, which was the same as that at the beginning of the month.

2、 Analysis of influencing factors

Product: in February, affected by the epidemic situation in China, the demand of asphalt market fell to a low point, but the operating rate of asphalt plant in refineries also fell to a low point. The overall supply and demand of asphalt market is low, and the market price is stable.

Industry chain: affected by the epidemic situation in China at the beginning of this month, domestic refineries reduced their operating rates, and domestic crude oil market demand fell sharply. Three major institutions, OPEC, EIA and IEA, simultaneously reduced the growth rate of global crude oil demand this year. In the late ten days, the new crown epidemic in other regions of the world, such as the Middle East and Europe, had a trend of spreading. The spread of globalization worried the market about future economic development. The price of international crude oil market is declining.

In the aspect of asphalt Market: the continuous decline of international oil price drags down the asphalt market, the prices of some refineries in South China are lower, the prices in Shandong and Hebei are basically stable, and the average market prices in Northeast China are basically stable. Demand for asphalt fell to the bottom in February, affected by the outbreak in China. Since the late ten days, with the gradual recovery of logistics and transportation, the refinery shipment has recovered, but the terminal project recovery is slow, and the asphalt demand is still light. In February, the supply and demand of asphalt market were low, and the market price remained stable.

3、 Future forecast

Lu Xingjun, an asphalt analyst at the business club, believes that the new crown epidemic continues to spread abroad, the trend of international oil price is unclear, and the demand for asphalt is still low in March, so it is expected that the asphalt price will continue to maintain stable operation if the change is not significant.

1、 Price trend

In February 2020, the domestic market of 1 × 1 tin ingots fell in shock. The average price in the domestic market was 141200 yuan / ton at the beginning of the month, and 137712.50 yuan / ton at the end of the month, down 2.47%.

On February 28, the tin commodity index was 70.15, down 0.42 points from yesterday, down 30.02% from the highest point in the cycle, 100.25 (2011-09-05), and up 63.67% from the lowest point, 42.86, on December 9, 2015. (Note: cycle refers to 2011-09-01 to now).

2、 Market analysis

Domestic market: this month, the spot tin market as a whole shows a fluctuating downward trend. Most of the enterprises began to return to work in the middle and late ten days. Most of the enterprises in Yunnan have resumed normal production, and the commencement is acceptable. Most of the enterprises in Jiangxi have resumed production at the end of the month, and some of them have left the factory. As of the 28th day, the quotation is 137000-138500 yuan / ton. In the last week, some parts of Shanghai will be replenished after the official resumption of work, but they just need replenishment, and the transaction atmosphere in the spot market is general. Up to the end of the month, the monthly coupon set under the Shanghai tin main force 2006 contract is 3600-3800 yuan / ton, and the ordinary Yunzi is around 3000-3500 yuan / ton. Small brand is around 135600-137000 yuan / ton.

Major domestic events:

National Bureau of Statistics: according to preliminary accounting, the annual GDP in 2019 increased by 6.1% over the previous year: according to the statement released on its official website on the morning of the 28th day of the National Bureau of statistics, the annual GDP in 2019 was 99086.5 billion yuan, an increase of 6.1% over the previous year. Among them, the added value of the primary industry is 7046.7 billion yuan, an increase of 3.1%; the added value of the secondary industry is 38616.5 billion yuan, an increase of 5.7%; the added value of the tertiary industry is 53423.3 billion yuan, an increase of 6.9%. The added value of the primary industry accounts for 7.1% of the GDP, the added value of the secondary industry accounts for 39.0%, and the added value of the tertiary industry accounts for 53.9%.

China’s official manufacturing PMI in February: 35.7 predicted value: 46; top value: 50. In February, the comprehensive PMI output index was 28.9%, 24.1 percentage points lower than last month, indicating that the overall production and operation activities of Chinese enterprises slowed down. At the same time, the survey results show that with the overall promotion of epidemic prevention and control and economic and social development by the Party Central Committee and the State Council, the recovery rate of enterprises is picking up rapidly, and production and operation activities are recovering in an orderly manner. It is expected that China’s purchasing manager index will improve in March.

Two ministries and commissions: to prevent the prices of steel, coal and other fields from rising sharply due to the centralized resumption of production: the national development and Reform Commission and the Ministry of Civil Affairs issued the notice on giving full play to the role of industry associations and chambers of Commerce to support the resumption of production of private small and medium-sized enterprises. According to the notice, associations and chambers of Commerce in the field of labor-intensive industries should timely report the employment situation and employment difficulties of the industry to local governments or relevant departments, coordinate the implementation of rescue and rescue policies, and ease the labor shortage and employment difficulties caused by the impact of the epidemic. Associations and chambers of Commerce in industries such as steel, coal, electricity, oil, natural gas and basic raw materials should advocate stable supply and price of member enterprises, so as to prevent regional and time-based shortages or sharp price increases caused by centralized resumption of production.

Industry: the global epidemic spreading crisis has raised the market’s worries about the economic downturn. The global stock market has plummeted, and the risk aversion mood has made gold reach a new high, the bulk commodities have been sold down, and the basic metals at home and abroad have fallen sharply.

3、 Future prospects

From next week to March, the domestic epidemic situation has improved, the return rate of enterprises has increased, and the capital pressure of enterprises at the beginning of the month has eased. However, at present, the spread of the epidemic in the world has increased, global investors are worried that it is difficult to calm down, the selling strength of bulk commodities has not decreased, and domestic metals are afraid to be dragged down.

1、 Price trend

The average price of n-butanol was 5566 yuan / ton (including tax) as of February 24, down 133 yuan or 2.34% compared with that of last Monday (February 17), according to the data of business agency. On February 23, the n-butanol (industrial grade) commodity index was 46.20, unchanged from yesterday, 53.80% lower than the highest point in the cycle, 100.00 (2011-10-08), and 54.57% higher than the lowest point, 29.89, on November 30, 2015. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

Product: at the beginning of last week, as the downstream continued to resume work, the butanol market was consolidated and operated, supported by the strong rise of propylene, the load of upstream and downstream plants was low, the downstream demand increased, the market demand slightly improved, and the market trading atmosphere was general. Last week, the large orders of n-butanol market remained at the low end. In the middle of the week, the market inventory accumulated, some manufacturers declined, some sources of goods were still under pressure, and market inquiries were still limited. Some factories in Shandong reported lower prices, and the downstream recovery was still less than expected. The market demand was flat at the weekend, and the manufacturers’ inventory was overstocked at the weekend, the trading was poor, and the price focus was shifted down. Today (Feb. 24), Wanhua chemical reduced 300-400 yuan / ton in each region this week compared with the previous week. At present, the ex factory quotation of n-butanol in North China is 5500 yuan / ton, that of n-butanol in East China is 5700 yuan / ton, and that of n-butanol in North China is 5850 yuan / ton.

Industry chain: since February, the price of propylene in Shandong Province has been declining all the way. On the 11th, the price of some enterprises recovered slightly and then declined. In the next few days, the price rose and fell differently. Since the 17th, the price has been generally increased. Last week, the price of domestic propylene (Shandong) market has been greatly increased. From last Thursday and Friday, some enterprises began to show a slight upward trend. This week, the price of propylene has increased by 8.45%. The average price of enterprises at the beginning of the week is 6103 yuan / ton. The average price of enterprises at the end of the week is 6618 yuan / ton. As of February 21, there is still an increase of about 200 yuan / ton. At present, the market turnover is about 6600-6800 yuan / ton, and the mainstream price is about 6600 yuan / ton. Generally speaking, the propylene market has rebounded to the bottom recently, and the crude oil market has not changed much, but it has been raised for several days in a row. There are still many units in the upstream which are shut down for maintenance. In a short time, the supply is difficult to recover, and the propylene output is small. However, the terminal manufacturers have started to resume work one after another, the logistics and transportation have also recovered, and the demand for propylene has increased significantly. Moreover, the PP futures market has been climbing up continuously, and the downstream promotes procurement. Therefore, the It is expected that the market price of propylene will continue to rise in recent days.

3、 Future forecast

According to the analysis of the data division of the business association, the supply side of the n-butanol market is relatively sufficient at present, and it is expected that the main market will be digestion inventory in the short term. It is speculated that the n-butanol market is still weak and stable in the near future.

According to statistics, the price trend of domestic ammonium nitrate this week is temporarily stable. As of the end of the week, the market price of domestic ammonium nitrate is 2380 yuan / ton, which is the same as the price at the beginning of the week, up 15.16% year on year. On February 20, the ammonium nitrate commodity index was 125.26, unchanged from yesterday, a record high in the cycle, up 61.90% from the lowest point of 77.37 on October 31, 2016. (Note: cycle refers to 2013-02-01 to now).

This week, the price trend of domestic ammonium nitrate Market is temporarily stable. The operation of domestic ammonium nitrate manufacturers’ devices is general. Affected by the epidemic situation, some ammonium nitrate enterprises have not yet started construction. The on-site supply is stable, and the price of manufacturers is mainly stable. In the near future, the on-site supply of goods is normal, but the recent transportation is subject to certain restrictions, and the price trend of ammonium nitrate Market is temporarily stable. In the near future, the market of ammonium nitrate manufacturers is general, the downstream is purchased on demand, the domestic ammonium nitrate manufacturers are limited to start work, and the market price of ammonium nitrate remains high. Up to now, the negotiation mainstream in Shaanxi is 2300-2400 yuan / ton, that in Shandong is 2400-2500 yuan / ton, and that in Hebei is 2400-2600 yuan / ton.

The price of concentrated nitric acid in China rose slightly this week, with the weekend price of 1593.33 yuan / ton, up 1.05% this week. Jiangsu Hongze Yinzhu Chemical Co., Ltd. offers 1500 yuan / ton; Anhui Jinhe offers 1450 yuan / ton; Shandong helitai offers 1800 yuan / ton. Anhui Aodeli offers 1550 yuan / ton; Wenshui County synthetic chemical offers 1700 yuan / ton. In recent years, the parking rate of domestic maintenance equipment is relatively high, the supply of concentrated nitric acid market is less, the situation of goods in the yard is general, and the price of nitric acid market rises slightly. The rise of nitric acid price is a good influence of the market of ammonium nitrate, and the market price of ammonium nitrate remains high.

The overall supply of liquid ammonia in the upstream market is relatively loose, the unit operating rate of enterprises is slightly higher, and the market price of liquid ammonia is lower. The staggered peak and limited production in Shanxi Province and limited transportation in Wuhan, Hubei Province lead to the tight supply of liquid ammonia in some regions, while the start-up of other liquid ammonia enterprises is still at a high level. With the high rate of start-up of liquid ammonia units in Hubei Province, the price trend of liquid ammonia slightly drops by 0.90%. In addition, in the near future, the maintenance of some manufacturers has been restarted, the operating rate of liquid ammonia enterprises has increased, and the local liquid ammonia market may decline, but nationwide, the overall trend of liquid ammonia is mainly declining. The overall price of liquid ammonia in the upstream market is lower, while the price trend of ammonium nitrate is stable temporarily.

In the near future, the downstream demand is limited, some ammonium nitrate manufacturers have not recovered, but the market price of raw materials has increased slightly, which has certain cost support for the market price of ammonium nitrate. Ammonium nitrate analysts of the business association believe that the market price of ammonium nitrate may maintain high volatility in the later period.

1、 Price trend of lithium hydroxide:

The average price of lithium hydroxide as of February 17 was 57000 yuan / ton, which was the same as that of February 14, according to the data in the bulk list of business associations. In a three-month cycle, it fell 15.76% year-on-year. On February 17, the lithium hydroxide commodity index was 135.71, unchanged from yesterday, down 64.43% from 381.48 (2016-09-12), the highest point in the cycle, and up 35.71% from 100.00, the lowest point on September 4, 2014. (Note: cycle refers to 2014-09-01 to now)

2、 Market analysis:

Product: the market of lithium hydroxide was stable on February 17. At present, the external quotation of industrial grade lithium hydroxide of Shanghai Yulun Industrial Co., Ltd. is 58000 yuan / ton, and that of industrial grade lithium hydroxide of Shanghai Eugene Industrial Co., Ltd. is 58000 yuan / ton. At present, the mainstream price of industrial lithium hydroxide Market in China is around 55000-58000 yuan / ton.

Industry chain: in the near future, the upstream lithium carbonate market is dominated by stable operation, and the quotation of some enterprises is increased. As of February 17, the average price of industrial grade lithium carbonate in East China is 43900 yuan / ton, and the average price of battery grade lithium carbonate in East China is 51200 yuan / ton. Due to the postponement of the factory’s return to work, the main reason is the consumption of inventory. In addition, there are certain restrictions on transportation. The cost of logistics rises, and the price of lithium carbonate rises slightly. In the later stage, with the resumption of production and the increase of market supply, the price of lithium carbonate may stabilize.

3、 Future forecast:

According to analysts of lithium hydroxide of business association, the upstream lithium carbonate market has increased slightly in the recent period, with general cost support performance, and low demand for industrial lithium hydroxide. It is expected that in the short term, the industrial lithium hydroxide Market will be dominated by low consolidation and wait-and-see operation.

1、 Price trend of lithium carbonate:

2、 Market analysis:

Product: according to the price monitoring of the business agency, this week’s lithium carbonate market is dominated by stable operation, with some enterprises’ quotations increased. The main reason for this increase is that the current inventory is low, but the market demand is large. In addition, affected by the epidemic, logistics costs have increased. As of February 16, the average price of industrial grade lithium carbonate in East China was 43900 yuan / ton, up 1.39% compared with the beginning of the week. On February 16, the average price of battery grade lithium carbonate in East China was 51200 yuan / ton, up 0.79% compared with that at the beginning of the week.

On February 16, the lithium carbonate commodity index was 111.85, unchanged from yesterday, down 72.39% from 405.10 (2018-01-07), the highest point in the cycle, and up 13.51% from 98.54, the lowest point on October 16, 2014. (Note: cycle refers to 2011-09-01 to now)

Industry: according to the price monitoring of the business agency, in the sixth week of 2020 (2.10-2.14), there are 16 kinds of commodities rising month on month in the list of commodity prices in the chemical sector. The top three commodities rising are dichloromethane (5.00%), polyaluminium chloride (3.54%) and propane (3.38%). There are 18 kinds of commodities falling on a month on month basis, with 2 kinds of commodities falling by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top 3 products falling are butadiene (- 13.52%), propylene oxide (- 5.11%) and liquid ammonia (- 4.89%). This week’s average was – 0.26%.

3、 Future forecast:

According to the lithium carbonate analyst of business association, due to the delay of most of the factory’s resumption of work, the main reason is the consumption of inventory, and certain restrictions on transportation, the price of lithium carbonate rises slightly. In the later stage, with the resumption of production and the increase of market supply, the price of lithium carbonate may stabilize, and more attention should be paid to the information guidance of the enterprise’s commencement and logistics transportation.

1、 Price trend

According to the data of business agency, the average price of n-butanol as of Friday (February 14) is 5633 yuan / ton (including tax), which is 267 yuan / ton lower than that of February 7, down 4.52%, 400 yuan / ton lower than that before the Spring Festival, down 6.63%. On February 13, the commodity index of n-butanol (industrial grade) was 45.92, down 1.09 points from yesterday, 54.08% from the highest point of 100.00 (2011-10-08), and 53.63% higher than the lowest point of 29.89 on November 30, 2015. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

Product: the quotation of domestic n-butanol market in Shandong started to loosen slightly since last Friday compared with that before the Spring Festival, and the market inquiry atmosphere is general. At the beginning of this week, the market situation of n-butanol was temporarily stable, the market was consolidated and operated, the load and inventory of mainstream manufacturers were low, the delivery and investment atmosphere was improved, but it was still poor. The downstream resumption increased but was far less than expected, and the cost support was weakened. Although the transportation was gradually improved, there was still some uncertainty in the resumption of all links of the industrial chain. The upstream and downstream industrial chains still need time to be repaired, and the high price of n-butanol was quoted Unable to make good progress. There is still pressure in terms of automobile transportation. The manufacturer mainly sells around, accumulates inventory, and moves down the focus of transaction. Zhou Zhong (February 12) made a downward move in the high-end offer of domestic n-butanol market, and the offer was lowered. As of February 14, Wanhua Chemical Co., Ltd. cut 200 yuan / ton in each region in this week. At present, the ex factory offer of n-butanol in North China is 5900 yuan / ton, and the ex factory offer of n-butanol in North China is 6250 yuan / ton , the factory quotation of n-butanol in North China is 6259 yuan / ton. The collective pricing price of Luxi Chemical Industry is 5800 yuan / ton, with medium load. At present, the low price of n-butanol market is acceptable.

Industry chain: this week, the domestic propylene market continued to be weak, the recovery of terminal demand was slow, the operating rate of propylene and downstream units continued to decline, a small amount of downstream demand chose low procurement, and the overall market trading atmosphere was weak. As of February 13, the market price of propylene in Shandong has increased or decreased. During the Spring Festival, the international crude oil market continued to decline sharply, and the domestic propylene price also fell for many times. Since February, the price of propylene in Shandong Province has been declining all the way. On November 11, the price of some enterprises recovered slightly and then declined. Today, the price has fluctuated. At present, the market turnover is about 5750-6200 yuan / ton, and the mainstream price is 5900-6000 yuan / ton. There are many units in the upstream and downstream industries that have been shut down for maintenance, and the operating rate is still low; however, affected by the epidemic situation, some refineries ship at low price under the inventory pressure, and the market transaction is rare, the market is cold, and the wait-and-see is the main thing. It is expected that the market price of propylene will start to fluctuate in recent days.

3、 Future forecast

According to the analysis of the data division of the business agency, the low-end price transactions of the surrounding market of the n-butanol manufacturers have eased this week, and the inventory has been released. With the further recovery of logistics and transportation, it is expected that the n-butanol market will not be tested for the low-end price, and the market will maintain stable operation next week.

1、 Price trend

Propane market was stable and down this week. On February 3, the average price of propane market was 3775 yuan / ton, and on February 7, the average price was 3725 yuan / ton, with a drop of 1.32% in the week, 8.87% lower than the same period last year.

2、 Analysis of influencing factors

Product: the overall domestic propane market is down this week, and the market transaction atmosphere is average. As of February 7, Shandong Dongming Petrochemical Co., Ltd. stopped using propane for its own use, and Shandong Haiyou Petrochemical Group Co., Ltd. had no propane in stock, so it was not quoted temporarily. The ex factory price of propane of Tianjin Bohai Chemical Group supply and marketing company is 3750 yuan / ton, that of Shandong Dongying Hualian Petrochemical Co., Ltd. is 3650 yuan / ton, that of Shandong HSBC Petrochemical Co., Ltd. is 3800 yuan / ton, that of Shandong Hengyuan Petrochemical Co., Ltd. is 3850 yuan / ton, that of Shandong Binzhou Dayou group is 3800 yuan / ton, and that of Sinopec Qingdao refining Co., Ltd The factory price of propane is 3600 yuan / ton.

Propane showed a downward trend this week, with a general trading atmosphere in the market. This week’s overall decline in international crude oil, coupled with a sharp fall in CP prices in February, was negative for the propane Market. Affected by the Spring Festival, the downstream demand is low, coupled with limited traffic, and the market atmosphere is general. During the holiday period, the inventory of manufacturers has been overstocked, so they have to continuously yield profits, stimulate the downstream market, and relieve the inventory pressure. Under the continuous stimulation of the upstream, the enthusiasm of the downstream market has improved compared with the beginning of the week, and the price drop has decreased.

Saudi Aramco issued CP in February, with propane of 505 US dollars / ton, down 60 US dollars / ton compared with the previous month; butane of 545 US dollars / ton, down 45 US dollars / ton compared with the previous month.

Industry: according to the price monitoring of the business agency, there are five kinds of commodities in the list of rise and fall of bulk commodity prices in the fifth week of 2020 (2.3-2.7). The top three commodities are isopropanol (1.47%), 1,4-butanediol (0.82%) and butanone (0.76%). There are 25 kinds of commodities falling on a month on month basis, with 3 kinds of commodities falling by more than 5%, accounting for 3.5% of the number of commodities monitored in the sector; the top 3 products falling are ox (- 7.94%), PX (- 6.67%) and glycol (- 6.47%). This week’s gains and losses were – 0.64%.

3、 Future forecast

Although the downstream storage and replenishment demand after the festival, there is no substantial change in the terminal demand of the propane Market, and the international market is in a downturn, the overall atmosphere of the market is general. However, after the festival, the manufacturer’s inventory pressure is relatively large, and the main reason is to make more profits for shipment. It is expected that the market will still fall next week.

Last week, according to the monitoring of the business agency, the market of liquid ammonia in China was slightly lower. On weekends, most of the quotations of enterprises were lower than that at the beginning of the week. Some enterprises in the northern region were slightly lower, but the range was not large, at 50-100 yuan / ton. According to the monitoring of the business agency, last week’s (2.3-7) drop of liquid ammonia was 0.82%, but compared with that before the year, the drop of liquid ammonia price was obvious, generally 300-500 yuan / ton, down more than 8%, It is mainly because on the one hand, affected by the off-season atmosphere of the festival, on the other hand, after the year, the start-up of enterprises is generally delayed, the market enters a window period, few dealers enter the market, and they are generally in a state of closure. On the other hand, affected by the traffic, the transportation of liquid ammonia also enters a bottleneck period, resulting in a sharp drop in the price of liquid ammonia after the year. After the rebound in the first ten days of January 2020, the market of Shandong and Hebei enterprises in the main production areas has been repeated in the middle and last ten days, and the operating rate of liquid ammonia has been relatively low, most of them have turned to urea, and they are even frozen after the year. The main quotation in Shandong is 2500-2600 yuan / ton.

In North China, the liquid ammonia also fell steadily. The lack of demand led to the slow delivery of liquid ammonia. After the transformation to urea, the ammonia quantity was controlled. The inventory pressure of the enterprise was slightly relieved, but at present, there are many downstream stoppages, and the transportation was blocked, and the price fell. The main quotation in North China is 2500-2600 yuan / ton up and down.

In Hebei Province, on the one hand, the production and transportation problems are serious, and the production and sales are not prosperous. On the other hand, the environmental protection pressure is still not negligible, which leads to the limited production and shutdown of enterprises. Especially, the downstream distributors are generally closed, the enterprise inventory can not be cleared in time, there are many inventories, and the price is mainly downward. The mainstream quotation in Hebei Province is 2550-2650 yuan / ton.

At the end of the week, the market in Central China mainly declined, and the delivery pressure in Hubei increased significantly compared with that before the festival. Transportation is the most difficult area. Part of Henan Province is affected by environmental protection pressure, and the price gives more profits. Currently, the liquid ammonia market is shrouded in a bad atmosphere and weak operation, and the main quotation in Henan Province is 2450-2550 yuan / ton up and down. In addition, the northwest region is not smooth, and the enterprise quotation has dropped to 2400 yuan / ton.

From the perspective of the future market, the business community believes that the current market is slightly adjusted, the production rate of manufacturers is relatively low, the quotation of enterprises is mainly downward, most enterprises have room to make profits, many units are converted to urea production, and the production of liquid ammonia is affected to some extent, so as to balance the overstock of manufacturers’ inventory. However, with the coming of the spring farming season, the downstream nitrogen fertilizer production will expand, and it is expected that the short-term market will be stable and the medium-term price will be stable There is a rebound demand.

1、 Price trend

On January 17, the antimony commodity index was 53.77, unchanged from yesterday, down 47.45% from 102.32 (2012-10-16), the highest point in the cycle, and up 14.45% from 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

2、 Market analysis

Upstream and downstream: on Wednesday, the price of antimony oxide followed the trend of antimony ingot, with the average price of 99.5% at 33500 yuan / ton and 99.8% at 36000 yuan / ton as of Friday. In terms of raw materials: the delivery and investment of mining enterprises are light, some mines are still shut down for maintenance in winter, and most mines are shut down for maintenance or suspended for delivery quotation.

Domestic market: the market price of antimony ingots is stable this week. Near the Spring Festival, most manufacturers are going to have a holiday or are going to have a holiday. Logistics and transportation will be suspended soon. Most manufacturers enter the spring holiday ahead of time. As of Friday, the price of 2 × low bismuth antimony ingots is 37000 yuan / ton, 1 × antimony ingots is 37500 yuan / ton, 0 × antimony ingots is 38500 yuan / ton, and the average price of 2 × high bismuth antimony ingots is 34500 yuan / ton.

Nonferrous Industry: the macro environment at home and abroad is warm this week, the first phase of Sino US trade agreement has been signed and implemented, and the domestic central bank has made a total of 900 billion net investment in this week. On Friday, the National Bureau of statistics released the important economic data of 2019, which shows that China’s economy continues to be stable and positive, and the market is more emotional, a shares and nonferrous basic metals keep rising.

3、 Future prospects

Next week is just four trading days before the Spring Festival. Most of the spot market is hard to have substantive trading, and the futures market will also take risk aversion to reduce positions and leave the market. Although the supply and demand are weak, but the basic metal market is full of expectations for consumption after the festival, and this year’s currency remains loose. With market confidence, although the spot price will show no market, the low selling price will decline Continuation

1、 Price trend

According to the price monitoring of the business agency, the domestic refrigerant R134a market is temporarily stable this week. On January 13, the average ex factory price of mainstream manufacturers was 23333.33 yuan / ton, and on the weekend (19), the average price was 23333.33 yuan / ton. This week’s market was temporarily stable. On January 18, the R134a commodity index was 85.37, flat with yesterday, down 14.63% from the highest point of 100.00 (2019-09-02), and up 2.94% from the lowest point of 82.93 on November 12, 2019. (Note: cycle refers to 2019-09-01 till now)

2、 Market analysis

Product: R134a market of refrigerant market is stable temporarily this week. Near the end of the year, logistics has been shut down, factories are on holiday, traders are gradually delisting, and refrigerant prices are not adjusted much before the year. At present, the support of the raw material end is acceptable, and the stock of the automobile industry at the demand end is continuous, which is good for the formation of refrigerant R134a. After the year, new capacity investment will be added, and the price may have a downward trend. According to the price monitoring of the business agency, as of January 19, R134a price was concentrated around 21500 yuan / ton – 25000 yuan / ton.

Industry chain: the price trend of domestic hydrofluoric acid and hydrofluoric acid of upstream products is stable temporarily. In the near future, the factory in the field is in a general situation, and the spot supply in the field is normal. The terminal and air-conditioning market are weak in purchase and sale, the inventory in the field is acceptable, the construction is insufficient, the automobile industry is preparing goods for temperature return, and the refrigerant R134a price is favorable.

3、 Future forecast

According to the refrigerant analyst of the business association, the logistics will be shut down one after another near the end of the year, the factory will have a holiday, and the traders will gradually withdraw from the market. It is expected that the refrigerant R134a will continue to run smoothly before this year.

1、 Price trend

The ex factory price of glycol fell slightly this week, according to the data of business agency. On January 10, the average ex factory price of oil to glycol in North China was 5283 yuan / ton, down 3.06% from last week.

At the beginning of this week, the price of ethylene glycol single can in East China was 5440 yuan / ton, and by Friday, the price was 5235 yuan / ton, down 205 yuan / ton, down 3.77%.

2、 Analysis of influencing factors

As of January 16, the total operating rate of ethylene glycol in China was 71.49%, the operating rate of coal production was 70.00%, and the operating rate of non coal production was 68.85%, which was higher than that of last week.

In terms of units, at present, Zhejiang Petrochemical Company plans to start its new 750000 T / a MEG unit in Zhoushan on January 18, while Hengli 900000 T / a glycol unit and Inner Mongolia Rongxin 400000 T / a coal to glycol unit that have been tested before the festival are all planned to be produced and sold after a year, and the supply in February is expected to increase significantly in China.

As of January 16, the glycol inventory in East China’s main port was about 354000 tons, an increase of 4000 tons or 1.14% compared with last Thursday’s decrease, and a decrease of 35000 tons or 0.98% compared with Monday’s decrease. Among them, Zhangjiagang has 175000 tons, the same as last Thursday; 65000 tons; Shanghai and Changshu have 24000 tons; Taicang has 47000 tons..

In the downstream, the overall operating rate of the downstream polyester industry has dropped to 74.71%, while the operating rate of most polyester and downstream textile industries can only be recovered in the second half of February.

3、 Analysis and prediction

The market price of glycol rose slightly earlier this week due to the expectation of tight supply caused by long-term low inventory. However, with the decrease of downstream construction, polyester end production and marketing ratio, oil and coal producers have lowered the price of glycol, and the market atmosphere has gradually weakened. After the festival, the new devices will continue to produce stably. During the Spring Festival, there will be some delayed arrival of cargo to the port, or it will cause accumulation of storage. Under the influence of many factors, the trend of glycol in the later period may be on the low side.

Market Overview:

According to a large amount of data monitoring from the business agency, the dichloromethane market in Shandong Province kept stable operation this week, and the average price of dichloromethane in Shandong Province was around 2480 yuan / ton in the week.

Market analysis:

Product: due to the traditional off-season of dichloromethane market, the downstream demand is flat, and the demand side support is insufficient. Although the overall inventory of the market is low, it still cannot prevent the weak operation of dichloromethane price. At present, the quotation in Shandong is about 2480 yuan / ton; in East China is about 2700-2800 yuan / ton; in Jiangxi, Liwen is about 2650 yuan / ton.

Industrial chain: in the upstream, the weakness of natural gas market is hard to change, with a decline of 5.38% in the week. In the face of insufficient support of dichloromethane, the cost is about 3273 yuan / ton at present; the liquid chlorine market is stable and volatile, and the demand in the downstream is flat, with an increase of about 300-450 yuan / ton at present. On the downstream side, the domestic refrigerant market is in short supply and the downstream stock is picking up, and the weekly price is slightly higher; the pharmaceutical agricultural market and solvent industry just need to be flat, and the price of dichloromethane is generally supported.

Future forecast:

According to the data analyst of methane chloride of business association, it is in the off-season of dichloromethane at present, with low inventory of enterprises and poor downstream demand. Under the condition of weak supply and demand, it is expected to be stable and moderate in the short term.

1、 Price trend

The average price of n-butanol as of January 10 was 5933 yuan / ton (including tax), an increase of 130 yuan / ton or 2.30% compared with that at the beginning of the week (January 6), according to the data of business agency.

2、 Market analysis

Product: this week, the domestic n-butanol market is stable, moderate and small increase, East China low price offer continues to move up this week, some factories are affected by environmental protection to reduce load operation, downstream users of butyl have a high enthusiasm for purchasing, favorable factors are still in place, the confidence of the industry is boosted, and the current factory cost pressure is large, the offer of the industry is more and more firm, the prices in all regions of the market are stable, downstream customers buy Rising mentality is becoming apparent. The main offer spread between East China and North China has widened. At present, as of January 10, the ex factory quotation of n-butanol in East China is around 6300-6400 yuan / ton; the ex factory quotation of n-butanol in North China is around 5900-6000 yuan / ton; the ex factory quotation of n-butanol in South China is around 6200-6300 yuan / ton; the collective pricing of n-butanol in Luxi Chemical is around 5900 yuan / ton; the ex factory quotation of n-butanol in Shandong lihuayi is around 5900 yuan / ton Nearly: the factory quotation of North China n-butanol of Wanhua Chemical Co., Ltd. is 6000 yuan / ton, 100 yuan / ton higher than that at the beginning of the week; the factory quotation of East China n-butanol is 6350 yuan / ton, 100 yuan / ton higher than that at the beginning of the week; the factory quotation of South China n-butanol is 6350 yuan / ton, 50 yuan / ton higher than that at the beginning of the week.

Industrial chain: as of January 10, the market price of propylene in Shandong Province has been raised again. Affected by international crude oil, domestic propylene price rebounded from the bottom at the end of December, rising continuously. On January 5 and 6, it was generally stable, on July 7 and 8, and it was stable on September 9. Today, it continued to increase by about 100 yuan / ton. At present, the market transaction has risen to about 7050-7300 yuan / ton, and the mainstream price is about 7050 yuan / ton. At present, although the international crude oil price has declined, the downstream powder starting load has declined and the profit margin has decreased, but due to the shutdown or load reduction of some domestic dehydrogenation units, a dehydrogenation unit in South Korea is planned to be shut down for maintenance, the supply is obviously tight, the refinery shipment is smooth, and it is expected that the propylene market price may still rise in recent days.

3、 Future forecast

According to the analysis by the data analyst of the business club, it is expected that the n-butanol market will continue to operate stably in the short term, the low price area of the market will continue to move towards the high level, and there is room for the price of the n-butanol market to rise again before the Spring Festival.

1、 Price trend

According to the data of the business club’s bulk list, caprolactam started to rise after a big fall, which has continued to rise 5.96%. On January 6, the average ex factory price of domestic caprolactam liquid was 11100 yuan / ton, and on January 10, the average ex factory price of domestic caprolactam liquid was 11266 yuan / ton, with a weekly price increase of 1.50%. So far, the caprolactam commodity index on January 12 is 56.67, flat with yesterday, 43.33% lower than the highest point in the cycle of 100.00 (2017-03-02), and 5.96% higher than the lowest point of 53.48 on December 5, 2019. (Note: cycle refers to 2017-03-01 till now)

2、 Market analysis

Product: caprolactam rose slightly this week. As of January 10, the price of caprolactam liquid in Shandong Luxi Chemical Co., Ltd. was 11000 yuan / ton, cash was delivered, and the manufacturer’s capacity was 300000 tons. The actual transaction can be negotiated. The price of Nanjing Dongfang caprolactam liquid is 11700 yuan / ton, the 400000 ton / year unit is in normal operation, and the caprolactam unit is in normal operation. The price of Baling Hengyi caprolactam liquid is 11150 yuan / ton. The 450000 ton / year unit is normally started and accepted. The price of caprolactam liquid in Baling Petrochemical Company is 11150 yuan / ton, and the 300000 ton / year unit is normally started and accepted. Fujian Tianchen Yaolong caprolactam liquid price 11600 yuan / ton, contract order, 280000 tons / year normal operation of the device.

Industrial chain: the market of cyclohexanone is stable this week, and the main price in Shandong is 7300-7450 yuan / ton (ex factory in spot exchange), which is stable compared with last week. The situation in the Middle East was suddenly tense, crude oil rose, pure benzene market rose, and cyclohexanone cost pressure increased. Heavy snow in the North during the week affected the logistics and transportation, and the demand for solvents was limited. Affected by the situation in the Middle East at the beginning of the week, oil prices soared, driving the price of pure benzene up in the external market and the domestic market. However, in the later period, the oil price plummeted and the support surface weakened. In addition, the downstream trading has been light and the profit is insufficient, so the market fell back.

Industry: according to the price monitoring of the business agency, in the first week of 2020 (1.6-1.10), there are 27 kinds of commodities rising month by month in the list of commodity prices in the chemical industry sector, among which there are 3 kinds of commodities rising by more than 5%, accounting for 3.5% of the number of commodities monitored in the sector; the top 3 commodities are bisphenol A (9.65%), glycol (7.92%), ammonium chloride (5.09%). There are 18 kinds of commodities falling on a month on month basis, and 1 kind of commodities falling by more than 5%, accounting for 1.2% of the number of commodities monitored in this sector; the top three products falling are caustic soda (- 5.22%), chloroform (- 4.55%), sodium metabisulfite (- 3.79%). This week’s average was 0.35%.

3、 Future forecast

According to caprolactam analysts of the business club, in the near future, with the support of raw material price and the insufficient supply of products affected by the weather in the north, the manufacturer intends to hold up the price, the price of caprolactam starts to rise, and the downstream demand is acceptable. It is expected that caprolactam will keep rising in the later period, and it is suggested to pay attention to the change of raw material price.

1、 Price trend

In this week (1.06-1.10), the market price of domestic 1 × tin ingot rose. The average price of domestic market was 140562.5 yuan / ton at the beginning of the week and 141700 yuan / ton at the end of the week, up 0.81%.

On January 10, the tin commodity index was 72.18, unchanged from yesterday, 28.00% lower than the highest point in the cycle, 100.25 (2011-09-05), and 68.41% higher than the lowest point, 42.86 on December 9, 2015. (Note: cycle refers to 2011-09-01 to now).

2、 Market trend analysis

Domestic market: the spot market price fluctuated upward this week, mainly driven by the futures market and the positive stock up of enterprises towards the end of the year. As of Friday, the mainstream price of the spot tin market was 140500-142000 yuan / ton. It’s 750 yuan / ton higher than last Friday. In terms of premium and discount, on Friday, the premium of Yunxi was 1000 yuan / ton for Shanghai phase tin 2001 contract, 500 yuan / ton for ordinary Yunzi flat water – premium, and 140500-141000 yuan / ton for small brand mainstream.

Nonferrous Industry: this week, the market shrouded in the risk sentiment brought about by the US Iraq conflict. Crude oil and gold soared, and nonferrous metals were passively pressured, first suppressed and then raised. As the United States announced to replace the full-scale war with economic sanctions, the risk aversion mood was eased, and the low metal level gradually picked up.

3、 Future prospects

Next week will usher in the first round of signing the Sino US trade agreement. There are a lot of data in the United States, and it is expected that the U.S. dollar will still have room to continue to recover. China will face the delivery of the 2001 contract. With the delivery for another month, downstream consumption will gradually enter the Spring Festival holiday mode, and consumption will obviously turn weak, and basic metals will fall under pressure after surging. From next week, it will be closed in recent years. Most manufacturers will have a holiday. The market is light and the price is stable.

1、 Price trend

According to the sample data monitored by the business agency, as of January 9, the average price of domestic BDO market was 9796 yuan / ton, with a 0.16% increase on a month on month basis and a 2.77% decrease on a year-on-year basis.

2、 Market analysis

Products: there is no obvious fluctuation in the domestic BDO market. At present, the main factory controls goods and road transportation restrictions are superimposed. The on-site spot quantity is not loose. The manufacturers stick to the high price offer, the middle and lower reaches maintain the cautious spot replenishment rhythm, and the overall negotiation and delivery rhythm is slow. The early peripheral news frequently stimulate a large range of chemical products, and the essence and more reflection is also worth it Get attention. The new mode in the venue has not yet made clear progress and is under continuous attention.

In terms of market, the BDO market in South China has been operating steadily. The spot supply is limited and the negotiation focus is high. The factory actively promotes the hanging settlement and marketing, but the downstream has strong resistance and just needs to enter the market for purchase. The BDO market in East China is strong. Under the double superposition of transportation and factory control, the supply of goods in the market is general, and the supplier continues to offer at a high level. However, the downstream is opposed to the new model, pushing forward slowly, and the fluctuation of trading center is not obvious.

Industrial chain: in terms of raw materials, methanol and methanol have a strong trend. Although local logistics is limited, the enthusiasm for goods preparation before the festival is fair. Most enterprises in Guanzhong and other places sell smoothly. The price in Guanzhong has been raised to 1800-1960 yuan / ton again in this week. The ex factory price in Xinjiang (Xinjiang) has risen sharply to 1170-1330 yuan / ton. At present, the inventory of most enterprises in Northwest China is not high, and the downstream needs to prepare goods before the festival, but the traditional downstream demand has been weak, and it is expected that the recent market will mainly fluctuate.

Calcium carbide: the price of domestic calcium carbide market is still rising regionally. At this stage, the road transportation situation in all regions affected by the weather has not improved, the arrival of calcium carbide is insufficient, and the market purchase price is gradually increased. At present, the main quotation in Shanxi Province is 2900 yuan / ton; the main quotation in Henan Province is 3050 yuan / ton; the main quotation in Shaanxi Province is 2660-2690 yuan / ton. It is expected that the domestic calcium carbide market will continue to follow the rise, and the downstream will actively purchase.

3、 Future forecast

On the whole, on the positive side, the manufacturers are willing to support the market, and some of them are under maintenance. On the negative side, downstream demand is weak. BDO analysts predict that in the short term, the domestic BDO market will be in a strong operation, with specific attention to plant restart and downstream demand.