First, the price trend
This week (8.14-8.18) styrene market prices up. On Friday (August 11), the sample price of the sample business was 9507 yuan / ton, and the price of the sample business on Friday (August 18) was 961 yuan / ton, up 1.13%.

According to the business data show: August 18 styrene commodity index was 85.35, compared with the cycle of the highest point of 120.12 points (2012-10-25) fell 28.95%, compared with December 18, 2014 the lowest point 56.90 points up 50.00 %. (Note: cycle refers to 2011-09-01 so far)

Second, the market analysis

Styrene upstream:

Crude oil prices this week, lower volatility. On Friday (August 11) NYMEX September crude oil futures contract settled at $ 48.82 a barrel. October Brent crude oil futures settled at $ 52.10 a barrel. Thursday (August 17) NYMEX crude oil futures rose, the end of the three-fold, NYMEX crude oil futures contract settled in September to $ 47.09 a barrel. Brent’s October crude oil futures settled at $ 51.03 a barrel. Ethylene prices continue to rise this week, the domestic benzene market prices stable operation of the main.

Styrene:

Outer disk: This week the price of styrene outside the disk. As of August 17, the US styrene market closed steadily, FOB US Gulf reported 52.2-52.7 cents / lb, equivalent to 1148.4-1159.4 US dollars / ton. European styrene market FOB ARA rose 10 dollars to 1210-1211 US dollars / ton. Asian styrene market closed up 24 US dollars / ton, FOB Korea received 1175-1176 US dollars / ton, CFR China received 1202-1203 US dollars / ton.EDTA

Market: Styrene market prices this week rose 100-200 yuan / ton, on Friday (August 11) East China market price of styrene in 9600-9620 yuan / ton, the South China market price of styrene in 10100 yuan / ton to send To the price, the North market offer styrene in 9500-9600 yuan / ton to the price. Friday (August 17) East China market offer styrene in the 9700-9750 yuan / ton, the South China market offer styrene at 10200 yuan / ton to the price, the North market offer styrene at 9750 yuan / ton to the price.

Styrene downstream:

PS: the beginning of raw materials, high and volatile styrene, the lack of a clear positive support, the market big steady small move. East China ordinary through benzene reported 10450-10550 yuan. Zhou Zhong due to rebound in raw materials, PS market rose more or less, as of Friday East China ordinary through benzene reported 10400-10600 yuan / ton.

EPS: EPS prices are on the rise this week. According to the business data show: last Friday (August 11) EPS general material reported 10488 yuan / ton. Friday (August 18) EPS general material reported 10588 yuan / ton, or 0.95%. As of Friday Zhejiang and Zhejiang EPS general material prices in the 10600-10700 yuan / ton.
Third, the market outlook analysis

According to business analysts forecast: this week in pure benzene, ethylene, US dollars styrene, bulk commodity plate and other support by the rally, the styrene market prices, support the downstream PS and EPS prices with the rise. The outlook outlook continues to focus on the direction of raw materials for the market for styrene and crude oil.

First, the price trend

Business: MTBE market ups and downs this week (8.14-8.18)

As of the weekend MTBE average price of 5216.67 yuan / ton, or 0.26%.

Second, the market analysis

Products: After entering in August, the domestic MTBE market continued to stalemate, the price is not a big fluctuation, the mainstream remained at 5100 yuan / ton hovering, the face of tepid market, MTBE manufacturers to stabilize the volume for the first, With the continuous deepening of environmental inspection, MTBE cash supply tight, seems to have picked up signs, local start tentative narrow price.

Industry chain: week, the face of high raw material costs, manufacturers profit margins are still in the doldrums, but the high prices of raw materials manufacturers are also limited intention, very price-based. Gasoline market to maintain high order, MTBE just need to exist, coupled with the existence of environmental protection inspection, manufacturers operating load load to maintain a low level, multiple support under the MTBE remain strong and worry-free.

Third, the market outlook forecast

Business Bureau Energy Branch MTBE product analyst Chen Lin said: short-term, tight supply and raw material costs will be high on the domestic MTBE market to form a larger positive support, start low load operation, supply and demand is relatively balanced, MTBE high run worry , But the environmental inspection also hit downstream demand, local gas station transformation, terminal demand suffered a certain resistance, the international crude oil demand side signs of weak signs of its rising risk, the terminal operation is still cautious, this year, “gold nine silver ten” More uncertainty, coming or later than in previous years.

First, the price trend

Business community: This week the ethylene oxide market a difficult to find (8.14-8.18)

As of this week, the average price of ethylene oxide is 9422.73 yuan / ton (both tax), the price is stable.

Second, the market analysis

Products: a difficult situation to find the case, the recent rise in ethylene oxide fiercely, the last month, every Monday up, simply can not stop. Up to now, since the cumulative increase in ethylene since July 4 a total increase of 900 yuan, Sinopec East China ex-factory price of 9500 yuan / ton.

Industrial chain: the supply of ethylene oxide in short supply, prices continue to rise, the downstream manufacturers “immeasurable skyrocketing” “This market chaos set” “can not get goods ah” and so complained endlessly. Indeed, the current ethylene oxide is indeed a good support for all sides under the strong rise of the posture, but Zhongyu information that the current tight supply is not due to the strong downstream demand driven, but due to reduced factory output. As we all know, the current ethylene oxide production plant is mostly EO / EG co-production, the factory can be adjusted according to the two real-time market, and no co-production devices, most of the factory supporting downstream products, external heavy volume is limited. As the ethylene glycol profit considerable support, the factory have to adjust the device, converted ethylene glycol, ethylene oxide production significantly reduced, on the other hand, EO downstream gradually out of the off-season, the EO demand is in a slow recovery stage, two Cause collision, EO tight situation began to highlight and show intensified trend.

Third, the market outlook forecast

Ethylene oxide product analyst Chen Lin said: short-term view of ethylene-based strong ship-based, long-term concern about the factory conversion and downstream demand season guidance.

First, the price trend

According to the business community statistics show that this week, cryolite market price fluctuations, the market average price of 6400 yuan / ton, up 13.07% year on year.

Second, the market analysis

Products: Quarry offer this week, most manufacturers remain unchanged, the mainstream market price 5800-6500 yuan / ton range, the market operating rate as a whole maintained at about 5 percent, business shipments smoothly, the transaction is acceptable.

Industrial chain: upstream raw materials sulfuric acid market: domestic sulfuric acid market this week, steady decline in the range of 0.67%. Shandong, Zhejiang, Inner Mongolia and other regions of the market few manufacturers can still ship, inventory pressure, acid prices down, the range of 10-20 yuan / ton; upstream fluorite: fluorite market prices continue to rise this week in a new round of environmental protection, Maintenance and other reasons under the influence of enterprises, especially in the southern region is still relatively common phenomenon, so supply is still tight, offer strong, coupled with strong demand downstream, prices continue to rise. At present, the price of fluorite powder in the south area is stable, and the price of individual manufacturers is slightly changed. The demand for cryolite is low and the cryolite is shipped smoothly.

Industry: At present, the operating rate of cryolite manufacturers is little change, the basic maintenance of about 5 percent, inventory is not large, the downstream electrolytic aluminum enterprises started to increase slightly, demand for cryolite increased, tight supply, supply and demand is still in the game, manufacturers mentality optimism.

Third, the market outlook forecast

Business fossil stone analysts believe that: upstream raw material prices, downstream procurement did not change significantly, is expected next week, frozen market conditions stable.

First, the price trend

According to the business community statistics show that this week the domestic dry fluoride aluminum market prices temporarily stable, the market average price of 8050 yuan / ton, up 17.25% year on year.

Second, the market analysis

Products: aluminum fluoride market prices remain stable this week, the mainstream offer in the 8800-9000 yuan / ton. The overall market started less than five percent, lack of factory inventory, most manufacturers still have plans to increase the latter part.

Industrial chain: upstream raw materials sulfuric acid: sulfuric acid market this week, steady decline in domestic. Shandong, Zhejiang, Inner Mongolia and other regions of the market few manufacturers can still ship, inventory pressure, acid prices down, the range of 10-20 yuan / ton, did not affect the local market trends; upstream fluorite: fluorite market prices continue to rise this week, In environmental protection, maintenance and other reasons, the phenomenon of business downtime is still relatively common, so supply is still tight, offer strong, coupled with strong demand downstream, prices continue to rise. At present, the price of fluorite powder in the south area is stable and the price of individual manufacturers is slightly changed. The market price of downstream electrolytic aluminum is better, but there is no improvement in demand for aluminum fluoride.

Industry: the downstream electrolytic aluminum market to improve the good and seasonal procurement and other positive factors, low levels of aluminum fluoride business, supply and demand imbalance situation is no longer, production and marketing gradually stabilized, aluminum alloy shipments and trading atmosphere is more active, but Downstream prices have some resistance to their own, low-profit production enterprises to run space.

Third, the market outlook forecast

According to analysts believe that the upstream raw material prices higher support for aluminum fluoride is limited, the downstream aluminum market is better, is expected next week to stabilize the price of aluminum fluoride.

MOSCOW On Aug. 18, the Russian central bank said on Friday that Russia’s gold reserves were 55.6 million ounces, valued at $ 70.04 billion, as of August 1.

Joint oil database (JODI) Thursday (August 17) data show that in June Saudi crude oil exports fell slightly to 688.9 million barrels / day, compared with May to reduce 3.5 million barrels / day.

JODI website information, as OPEC largest crude oil producer, Saudi crude oil production in June to 1007 million barrels / day, compared with May growth of 19 million barrels / day.

June Saudi Arabia, the number of domestic combustion of crude oil increased by 7.6 million barrels / day in May to 68 million barrels / day, due to peak summer electricity.

Saudi June refined oil demand from May to 253.5 million barrels / day increased to 263.4 million barrels / day.

Other data show that Saudi Arabia continues to consume inventory of crude oil, June inventory levels fell 225.3 million barrels to 2.5655 million barrels. The country’s crude oil inventories reached a record 32,443 million barrels in October 2015.

Saudi Arabia, as a faithful defender of production cuts, has been pushing for cuts since the implementation of the cut. The country’s crude oil production in June only 100.58 million barrels / day limit production target of about 1.2 million barrels / day, indicating that it will continue to promote production cuts.

On the other hand, the Saudi refinery in June processing volume of 257.7 million barrels / day, higher than the May 25.17 million barrels / day, while the oil refining products export volume of 136.2 million barrels / day, also higher than in May of 127.9 million barrels /day.

The recent soda ash market overall turnover light, light, heavy alkali trend differentiation. Light base downstream demand is light, heavy alkali downstream float glass market within a narrow range, the price of heavy alkali also experienced a brief high after the now has been temporarily stable. Heavy base of the overall inventory is too small, part of the soda ash enterprises have been adjusted light, heavy alkali production ratio, the relative balance between supply and demand, the whole soda ash market in July after a relatively stable operation phase. At present, the mainstream of the base of the base price of 1450-1800 yuan / ton, the mainstream of heavy alkali to offer in the 1700-1900 yuan / ton. But with the recent fourth batch of central environmental protection inspectors will be fully launched, high-pressure environmental policy of soda ash market where the road is up, is down? Late soda ash market offer supply and demand game under the dilemma. The reason for the following:

First of all, is the impact of environmental inspection on the soda ash business itself. New Minister of Environmental Protection Li Ganjie put forward the “five-step” environmental supervision and management of new ideas, strict governance “scattered pollution” enterprises, and can not upgrade the scale of the discharge of the enterprise, before the end of September 2017 will be closed. Affected by this, parking maintenance business gradually increased, enterprise device operating rate decreased, supply will also be tense situation.

Some enterprises even appeared in the phenomenon of not quoted quote. The industry pulled up a strong state of mind, upward signs seem to be ready, but the environmental inspection not only affected the soda ash market, the impact of the downstream business is also a small can not be discounted.

Followed by the impact of environmental protection under the downstream needs. The remediation of the “scattered chaos” business focus, including non-ferrous metal smelting processing, rubber production, leather, chemicals, carbon production, ceramic firing, and involving coatings, inks, adhesives, organic solvents such as printing, furniture And other small manufacturing and processing enterprises. Then the downstream light industry and printing and dyeing small businesses will be basically all shut down, soda ash market downstream demand will also be reduced. Which on the late soda ash market also produced negative factors. While the heavy alkali downstream of the glass industry, nor in the environmental storm survived the storm In recent years, the glass industry is also facing environmental protection at any time check the situation. Backward production enterprises have been shut down last year, if this year did not meet the standards of environmental protection, some companies are also facing delayed production. Despite the results of environmental protection inspectors, the glass industry is still problematic. But have to admit, under the weight of environmental protection, the glass industry has been reduced production capacity, product prices once straight up. Since last year, the glass industry environmental monitoring efforts have become more stringent, if the manufacturers fail to meet the standard, or stop production, or increase the desulfurization and denitrification equipment to improve.

Coupled with the current trend of the downstream market is running weak, alumina, for example, the recent continued weakness in alumina prices.

Shanxi 2510 fell 130, Shandong 2510 fell 130, Henan 2520 fell 130, Guangxi Baise 2430 fell 120, Lianyungang 2750 yuan / ton. Alumina prices fell last month to maintain the 0-130 yuan / ton. According to statistics, as of July 2017, the national electrolytic aluminum production capacity has reached 38.36 million tons, illegal illegal electrolytic aluminum production capacity of about 8.74%. In April this year, the Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Land and Resources and the Ministry of Environmental Protection of the four ministries jointly launched a cleanup rectification of electrolytic aluminum industry illegal activities special action to open the electrolytic aluminum to the prelude to production capacity. The special action is divided into four stages: enterprise self-examination (completed before May 15), local verification (completed before June 30), special spot checks (completed before September 15) and supervision and rectification (completed before October 15). According to the production of 1 ton of electrolytic aluminum consumption 1.93 alumina calculation, the first half of the alumina supply of about 80 million tons, the average monthly supply of excess 140,000 tons.Melamine

On the whole, under the high pressure of the soda ash market offer supply and demand game under the dilemma, the late soda ash market in the supply and demand game will be a dilemma. Late standardization of production will be soda ash and downstream enterprises to survive the protection, so enterprises should make up the environmental assessment procedures as soon as possible, equipment updates and so on.

Since last week, China’s epichlorohydrin market into the uplink channel, the price again and again hit a new year to the East China market, for example, the end of July market negotiations in the 8000-8100 yuan / ton, closing today, the market price has risen to 9,000 yuan / Ton near, or up to 11.80%. However, the downstream industry in the traditional off-season, the demand has not significantly improved, coupled with the impact of environmental protection and cost, the market is also relatively light atmosphere of the negotiations, high-priced transactions are limited.

Epichlorohydrin plant operating load is not high, the market spot has significantly reduced. The main factory Dafeng device and Yihai Kerry devices are in the parking, the other plant installation load more than five or even lower, the manufacturers spot inventory is small, the market supply slightly tight, but the downstream epoxy resin by environmental protection and demand Constraints on the consumption of raw materials in general, the market did not improve the new trading atmosphere.

Short-term look at the downstream demand in the off-season, only part of the liquid resin downstream orders better, epichlorohydrin plant maintenance to improve the fundamentals of the situation, the production of new single offer also rise, the current Shandong Haili Chemical single offer 9,000 yuan / ton sent to East China, higher than the July low of nearly 1,500 yuan / ton, the venue is simply a little up with a slow, high prices still need time to implement. At present, the domestic environmental protection and safety supervision efforts, Shandong Haili chemical start limited, Jiangsu Haixing chemical short-term maintenance will resume full load start, and glycerol factory with the spot price increases the cost pressure gradually reduced, follow-up To enhance the space, is expected to short after the tight, the market will gradually increase the stock supply, and the main downstream of the epoxy resin factory no clear intention to raise start, the fundamentals of good and lasting to be wait and see. Short-term domestic sales of epichlorohydrin is expected to remain high consolidation, but high-priced stalemate after digestion risk.

The first half of this year, the domestic ammonium chloride market continued a few years ago in the weak supply and demand imbalance in the case of contradictions, manufacturers can only reduce the operating rate to control the decline in market prices. Although the operating rate to a certain extent, the control of the proliferation of market sources, but the price of ammonium chloride was once fell near the cost line, and even some factories have a loss of state, ammonium chloride stocks reached more than one million tons.

However, from mid to late June, beginning in July, the ammonium chloride market began to change, although the market price did not show a sharp rise in the trend, but the early lower than the cost price has basically disappeared. Kyrgyzstan enterprises began to recover the device started in about 7 percent, although some manufacturers started unstable, but the supply is relatively adequate. But from the market inventory point of view, ammonium chloride but not higher than the previous year, the phenomenon of more than one million tons of inventory.

From the latest customs data to understand that the larger market inventory where, in June 2017, China’s export fertilizer grade ammonium chloride 194,000 tons, a record monthly export history of the most record. According to the preliminary statistics of the customs, in July 2017 China’s ammonium chloride exports are expected to reach 250,000 tons, another record high. Since 2011, domestic ammonium chloride as a dual fertilizer export stranded in the port, the international demand for ammonium chloride is also significantly affected. In recent years, domestic fertilizer grade ammonium chloride in Southeast Asia to promote and demonstrate a good effect, so from the beginning of 2015, the international community has increased the demand for ammonium chloride.

A large number of exports can not effectively promote the domestic ammonium chloride prices up, edge is why? Mainly in terms of supply and demand, although the export volume increased significantly, but in the case of soda ash market is relatively good, the base unit operating rate is relatively high, basically maintained at 7-8 or so. The autumn market for small nitrogen and other raw materials demand is relatively limited, so manufacturers even if the intention to raise the market price, but the downstream acceptance is still general.

On the whole, the ammonium chloride market will temporarily maintain a stable operation of the situation, although the alkali companies have adjusted intention, but the difficulties can be achieved, so the short term, the ammonium chloride market needs to pay close attention to the downstream plant started The situation, the constraints of domestic demand is still in control of the market price of ammonium chloride changes.