Monthly Archives: March 2020

Zinc price touches the cost line, and zinc market is vulnerable to shocks

1、 Price trend

 

According to the data monitoring of the business agency, the zinc market has recently been adjusted by shocks, and the zinc price fell slightly in March. As of March 17, the spot price of zinc was 15756.67 yuan / ton, down 3% from 16243.33 yuan / ton at the beginning of the month. Zinc price fell slightly and zinc market was negative.

 

2、 Market trend analysis

 

Domestic zinc stock market

 

Time inventory (ton) change (ton)

March 17 96928 10043

March 13 86885 504

March 12 86381 1067

March 11 85314-2620

March 10 87934-552

March 9 88486 399

March 6 88087 1079

March 5 87008 669

March 4 86339 153

March 3 86186-233

March 2 86419 331

According to the data released by Shanghai futures market, zinc stock rose in March, and the growth rate of zinc stock slowed down significantly. With the gradual recovery of downstream construction, the demand of downstream is rising, and the demand of domestic zinc market is rising; although the domestic logistics and transportation are gradually recovering, the zinc ingot trade is generally not recovered from the previous market. Generally speaking, the supply of zinc is sufficient, and the demand has recovered in the near future. The supply of zinc exceeds the demand, and the market is negative.

 

EDTA

Added value of industries above Designated Size dropped by 13.5% from January to February

 

 

According to the data of the National Bureau of statistics, from January to February, the added value of industries above Designated Size actually decreased by 13.5% year-on-year. From a month on month perspective, in February, the added value of industries above designated size decreased by 26.63% compared with the previous month. From the perspective of industry, from January to February, the non-ferrous metal smelting and rolling processing industry decreased by 8.5%, automobile manufacturing industry by 31.8%, railway, ship, aerospace and other transportation equipment manufacturing industry by 28.2%, electrical machinery and equipment manufacturing industry by 24.7%; from the perspective of products, from January to February, 10 non-ferrous metals by 9.35 million tons, up 2.2% year-on-year; 2.05 million vehicles, down 45.8%. From the data of industries and products, it can be seen that from January to February, the domestic non-ferrous metal smelting industry was less affected, and the non-ferrous metal production had a slight increase; however, the automobile manufacturing, railway, ship, infrastructure, machinery manufacturing and other industries were seriously affected, and these industries are the main users of zinc downstream, among which the automobile industry was directly cut back, down 45.8%, and the downstream demand for zinc ingots Sharp decline, negative for domestic zinc market.

 

Productivity trends of several zinc mines

 

Lunding mining company suspended construction and commissioning activities directly related to Neves Corvo zinc mine expansion project, with recovery time to be determined.

 

Implsora minera Santa Cruz, a mining company, decided to suspend the operation of the silver lead zinc mine of the same name in the state of sacatecas, Mexico, because the federal environmental protection agency is conducting an environmental investigation.

 

Silvercorp metals Inc (TSX: SVM), a silver lead zinc miner in Vancouver, Canada, said that up to now, its Ying mine in Henan Province, China and GC mine in Guangdong Province have recovered 94% of the planned capacity, and its inventory can meet the production demand for more than one month.

 

As the Italian government has now ordered, activities in all parts of the country will be restricted. Alta zinc has suspended drilling for the country’s gorno zinc project.

 

Melamine

Zinc concentrate processing fee

 

 

Name: time of rise and fall of middle value of quotation

ZN50 domestic zinc concentrate TC / Guangxi 6100-6300 6200 0 2020-3-16

ZN50 domestic zinc concentrate TC / Hunan 6100-6300 6200-50 2020-3-16

ZN50 domestic zinc concentrate TC / Yunnan 5900-6100 6000 0 2020-3-16

ZN50 domestic zinc concentrate TC / Shaanxi 6100-6300 6200-50 2020-3-16

ZN50 domestic zinc concentrate TC / Inner Mongolia 6300-6500 6400 0 2020-3-16

It can be seen from the table that the processing fee of zinc concentrate in March is about 6200-6400 yuan / metal ton. Although the processing fee has declined slightly in the near future, it is still high in general. Compared with the price of zinc ingot, the processing fee accounts for 40%. The proportion of zinc concentrate processing cost increased, the space for zinc ingot to fall decreased, and the pressure for zinc ingot to rise increased.

 

3、 Future prospects

 

Baijiaxin, an analyst of business association, thinks that in February, the domestic economic performance was weak, the demand for zinc ingots fell seriously, while the production of zinc ingots was less affected. In March, the processing fee of zinc concentrate remained high, the cost of zinc ingots remained high, the price of zinc ingots touched the cost line, and the space for zinc price to drop was limited. However, due to the fact that the demand for zinc is not getting better, although the national policy is favorable, the number of downstream enterprises returning to work is increasing in the near future, and the demand for zinc ingots is picking up, but the deterioration of the global economic situation, the global zinc market is seriously damaged, the short-term rise of domestic zinc market is difficult to offset the decline of international zinc market, the expected decline of global zinc market demand is serious, and the environment of domestic zinc market is getting better and the international environment is deteriorating Shock adjustment under pressure. At the same time, due to the serious overstock of zinc stock, it is expected that the zinc market in the future will be vulnerable to shocks and adjustments.

EDTA 2Na

Increasing demand for disinfectants abroad stimulates the price of isopropanol acetone to rise against the trend

In March, the incident has spread to more than 100 countries, and medical protection materials have become scarce. In just half a month, isopropanol has soared, and the industry is optimistic about the future market. Recently, with the increase of isopropanol factory export orders, the operating rate has increased, driving the acetone market to stop falling and rise back.

 

Benzalkonium chloride

With the spread of the epidemic in foreign countries, the demand for disinfectants has increased, and the export of isopropanol has greatly increased

 

In February, under the influence of public events in China, the disinfectant Market attracted much attention, including fine chemicals, 84 disinfectants, bleaching powder, chlorine effervescent tablets and other chlorine containing disinfectants, as well as chlorine dioxide, hydrogen peroxide, peroxyacetic acid and other peroxide disinfectants. The market activity of these products is relatively high. According to the monitoring data of the business association, the market performance of isopropanol after the festival is good. Isopropanol has the smell like the mixture of ethanol and acetone, and has a strong bactericidal ability. It is a medium effect disinfectant. In general, the scope of application of disinfection is the same as that of ethanol, and isopropanol can be used as a compound disinfectant instead of ethanol. However, due to the cost constraints, the impact of ethanol on isopropanol in the domestic disinfectant industry is large, and the impact of domestic social public events has not driven the domestic isopropanol market upward. On the contrary, when the domestic disinfectant supply is sufficient, the impact of transportation and other environment on isopropanol has dropped from 7100 yuan / ton before the festival to 5700 yuan / ton.

 

Up to now, with the expansion of the impact of foreign public events, the demand for disinfectants has surged, while some countries have restricted the import of alcohol, which has stimulated the export demand of isopropanol in China. At present, with the increase of export orders, the factory’s operating rate has greatly increased, and some factories have sealed their offers but not reported them. Traders have a positive attitude and can not stop their losses, According to the monitoring data of business agency, the daily price of March 17 was 7167 yuan / ton, an increase of 20% since March, and the price of South China rose to 7500 yuan / ton. However, compared with the price of FOB Rotterdam 1300 dollars / ton, there is still room for upward trend. At present, the development of international epidemic is still in the outbreak stage. From the perspective of time, the demand for disinfectants abroad will not weaken in April. If the export price remains favorable, the volume of isopropanol exports will continue to increase in the short term.

 

Isopropanol rose 20%, operating rate increased, and raw material acetone market pushed up

 

Sodium Molybdate

The demand for isopropanol in the disinfectant Market in Europe and America is unexpected. According to the monitoring data of the business agency, the market of isopropanol has increased by 20%. What’s more unexpected is that the raw material acetone, for example, in East China market before the festival, is up to 5700 yuan / ton. After the Spring Festival, the market demand is low and the transportation is blocked. In February, the market in East China first fell below 5000 yuan / ton In March, a “black swan” followed, with crude oil plummeting by nearly 30%, causing heavy damage to the entire petrochemical sector, and acetone was also hard to escape. In a few trading days, the acetone market in East China fell to 4200 yuan / ton, with a view to breaking the “4″ market and saving the disinfection market. Up to now, East China has pushed up 600 yuan / ton in three trading days, while the acetone market has returned from the buyer’s market to the seller’s market overnight. According to the monitoring of the business agency, East China offers 4750 yuan / ton, Shandong and Yanshan offer 4450 yuan / ton, South China offers 4800 yuan / ton. Most of the traders who hold the goods sell obviously before, and hold a small amount of goods. According to the market development trend in the past month, the traders who store the goods before the festival have a serious loss. At present, there are many traders who are reluctant to sell obviously in order to hedge the loss, pushing up the market 。

 

To sum up, although isopropanol in terms of order quantity will not decrease in the export volume in the next month, but the price advantage is declining. Isopropanol is a medium effect disinfectant, and the price is on the high side. It can also be replaced in the disinfection market. At present, there are very few brilliant products in the whole chemical market, especially in the current international crude oil market, where there are frequent negative news and both supply and demand are negative, When the global petrochemical bulk market is in a downward trend, and the Federal Reserve cuts interest rates to zero, and the market is in a panic, except for medical supplies, it is difficult to find chemicals that go against the trend upward, the development of public events will be gradually controlled from the outbreak, and the demand for disinfectant imports of various countries will gradually enter a reasonable range. The business community expects that the isopropanol acetone market will continue to push up, but the space for pushing up It will never double the growth of mask market. At present, the isopropanol acetone market has attracted the attention of the chemical industry, taking the lead in the recovery of the petrochemical market, which led to the continued rise of the isopropanol acetone market in late March. The acetone market is expected to exceed 5000 yuan / ton, while the decline of other chemicals is slowing down.

http://www.lubonchem.com/

Panic spreads, cobalt prices fall again

1、 Trend analysis

According to the data monitoring of the business agency, the cobalt price fell precipitously this week, and the market speculation of the cobalt market continued. As of February 29, the price of cobalt was 258833.33 yuan / ton, down 4.90% compared with the average price of 272166.66 yuan / ton at the end of last week. This week, the panic mentality of cobalt market spread, and the price of cobalt fell off the cliff.

 

2、 The global stock market suffered an epic slump

 

ferric sulfate (Poly ferric sulphate)

The global market fell after a brief surge in January, and the U.S. stock market fell after hitting a new high in mid February. If the United States takes new year’s day as a starting point, by the end of March 12, the U.S. and European stock markets generally fell by more than 20%. The U.S. stock market broke twice in a week last week for the first time. On March 12, according to incomplete statistics, the stock markets of Thailand, the Philippines, South Korea, Pakistan, Indonesia, Brazil, Canada, Mexico, Colombia, Sri Lanka and other 10 countries broke down. The global stock market plummeted, hitting the confidence of the global economic market greatly. The cobalt market also suffered from the plummeting attack. The panic spread. The confidence of the rising cobalt market was insufficient, and the pressure of the falling cobalt price was great.

 

3、 Mobile phone sales halved in February

 

According to the data released by China Academy of communications, in February 2020, the total shipment volume of domestic mobile phone market was 6.384 million, a year-on-year decrease of 56.0%. From January to February 2020, the total shipment volume of domestic mobile phone market was 27.197 million, a year-on-year decrease of 44.0%. In the first two months of 2020, the sales volume of domestic mobile phones halved. Although the country vigorously promoted 5g reduction, 5g is not perfect at this stage and can not replace 4G, and the demand for 5g has increased, but it is difficult to offset the decline of mobile phone market. The overall mobile phone market is relatively cold, the demand for mobile phones in a short period of time is good and limited, and the demand for cobalt market is negative, and the demand for cobalt Market in the future is under great pressure.

 

4、 International cobalt price trend

 

According to the trend of the LME market cobalt price last week, it can be seen that the LME cobalt price fell precipitously last week, the bearish attitude of the cobalt market rose, the international cobalt market was more bearish, and the domestic cobalt market was bearish.

 

5、 Sales of new energy passenger vehicles fell sharply

 

Azodicarbonamide (AC foaming Agent)

According to the data of China Automobile Association, in February, the total output of China’s new energy vehicle market was 9951, down 77.3% month on month, down 82.9% year on year; the total sales volume reached 12908, down 72.4% month on month, down 75.2% year on year. From January to February, the cumulative output of new energy vehicle market was 53840, down 63.8% year on year; the cumulative sales volume reached 59705, down 59.5% year on year. The production and sales of new energy vehicles fell sharply, which led to a significant reduction in the demand for cobalt and a large negative impact on the cobalt market. In the future, the expected demand for cobalt decreased, the positive effect of the cobalt Market weakened, and the negative effect increased.

 

6、 Future prospects

 

According to Bai Jiaxin, a data analyst of business club, from the perspective of demand, the demand of cobalt market declined significantly in February, and the production and sales of mobile phone manufacturers cut short, which was bad for cobalt Market; the production and sales of new energy vehicles almost fell to the ground, and the demand for cobalt market was even colder. The objective demand reduction is bad for the cobalt market, and the cobalt price has lost the support of rising power. With the improvement of China’s domestic economy, the cobalt market should have risen with the good news. However, the epic collapse of the international stock market has hit the confidence of the market, the fear of the global economic crisis and the spread of economic weakness, which have severely hit the confidence of the cobalt market. After the demand of the cobalt market, it is expected to fall sharply. In the short term, the pressure of the decline of the cobalt market is great. In the long term, 5g can still bring new demand for the cobalt market Energy vehicles are still an irresistible trend in the future, and there is still room for the long-term cobalt market to rise. However, the poor performance of the global economic environment has delayed the improvement of the cobalt Market and delayed the rise cycle of the cobalt market.

povidone Iodine

On March 16, China’s domestic phthalic anhydride price continued to decline

According to statistics, the price of phthalic anhydride in China continues to decline. As of March 16, the price of phthalic anhydride in ortho phthalic method was 5362.5 yuan / ton. Recently, the price of phthalic anhydride in China has been falling continuously, the demand of plasticizer industry is general, and the market of phthalic anhydride is weak.

 

EDTA

In recent years, the market price of phthalic anhydride in China has continued to decline. Due to the impact of a sharp decline in the price of crude oil in the early stage, the price of phthalic anhydride upstream raw material o-benzene has declined significantly, and the affected price of phthalic anhydride market has continued to decline. In addition, some phthalic anhydride manufacturers still have inventory in the near future, and the delivery situation is poor. The market price of phthalic anhydride and phthalic anhydride in East China fell, the downstream factories returned to work slowly, the factory inventory pressure increased, the high-end transactions were blocked, and the market price fell continuously. In East China, 5300-5600 yuan / ton is the main flow of negotiation for neighboring method and 5000-5200 yuan / ton is the main flow of negotiation for naphthalene method; in North China, 5200-5600 yuan / ton is the main flow of quotation for phthalic anhydride market, most of the manufacturers’ prices in the site fall, the downstream construction is not high, the main flow of procurement is on demand, and the wait-and-see mentality is strong. The domestic phthalic anhydride plant starts generally, the spot supply of phthalic anhydride in the site is sufficient, and the price of phthalic anhydride goes along The trend is falling.

 

Melamine

In the near future, the execution price of domestic phthalic anhydride upstream product Sinopec has dropped to 5000 yuan / ton, the import phthalic acid Market in port area has been temporarily stable, the quotation has been temporarily stable, the recent port phthalic acid market has been temporarily stable, and the external quotation of phthalic acid has been temporarily stable, the actual transaction price is subject to negotiation, and the detailed discussion shows that the operation of phthalic acid equipment is basically normal, the supply of phthalic acid is stable, and the phthalic anhydride market is affected by the low price of upstream raw materials phthalic acid Market prices continued to fall.

 

The downstream DOP raw material phthalic anhydride price is temporarily stable, the price of isooctanol is fluctuating and falling, the cost of DOP raw material is fluctuating and falling, DOP enterprises are operating at low load, and the logistics and transportation are recovering gradually in the near future, but DOP manufacturers still have a lot of inventory. DOP price fell, PVC enterprise equipment start low, customer procurement enthusiasm is poor. The mainstream quotation of DOP market is about 6700-7000 yuan / ton, a small amount of market plasticizer is traded, the price of upstream ox is fluctuating, and the market price of phthalic anhydride is expected to be slightly lower in the later stage.

EDTA 2Na

On March 16, nickel price rose 3.42%

1、 Trend analysis

 

According to the nickel price monitoring of the business association, on March 16, the price of nickel rose by 3.42% to 100700 yuan / ton, a single day rise of 3000 yuan / ton, down 11.46% from the beginning of the year, down 2.22% year on year.

 

Benzalkonium chloride

2、 Market analysis

 

Nickel prices have been rising and falling in recent years. Previously, due to the impact of international crude oil price war, nickel price once fell below 100000. According to the latest news, the Philippine North Missouri high Province officially signed a document banning foreign ships from March 18 to March 31. Dinagat and South Suriname did not announce relevant laws and regulations for the time being, causing nickel supply concerns and nickel prices should rise. Downstream stainless steel inventory is high, consumption has improved.

 

3、 Future prospects

 

Aftermarket forecast: supported by the reduction of supply expectation, downstream consumption is improved, and nickel price is expected to fluctuate strongly in the short term.

Sodium selenite

Sulfur prices continued to rise this week (3.9-3.13)

1、 Price trend

 

According to the price monitoring of the business agency, the average ex factory price of sulfur market in East China this weekend was 646.67 yuan / ton, up 7.18% compared with the average ex factory price of 603.33 yuan / ton at the beginning of the week, down 43.44% compared with last year.

 

Chitosan oligosaccharide

2、 Market analysis

 

Product: this week, the domestic sulfur market negotiation atmosphere was slightly quiet. In terms of external market, the official price of UAE continued to rise in March, the external market was short of spot supply, and the offer in Hong Kong was high and stable. This week, the sulfur price continued to rise, and the lower reaches of the market purchase enthusiasm weakened and mainly on demand. The buyer and the seller intend to keep the price difference, and the on-site trading and investment are mostly stuck on the sidelines. The refinery shipments in various regions are relatively stable. In addition to the stable price operation of individual refineries, refineries in each region will adjust the quotation according to their own shipping situation within the week. As of December 13, Sinopec’s quotation for solid sulfur in East China is 610-710 yuan / ton, and that for liquid sulfur is 490-600 yuan / ton; Sinopec’s quotation for solid sulfur in North China is 530-570 yuan / ton, and that for liquid sulfur is 410-450 yuan / ton; Sinopec’s quotation for solid sulfur in Shandong is 640-650 yuan / ton, and that for liquid sulfur is 430-480 yuan / ton.

 

Sodium Molybdate

Industrial chain: the downstream sulfuric acid market is stable and weak. The supply of smelting acid in Shandong is sufficient, the stock of acid enterprises is high, the demand is weak, and the pressure release is slow. In addition, the start-up load of some sulfur and acid enterprises increased, the supply of sulfonic acid increased, but the downstream follow-up was insufficient, and it could not be consumed quickly in a short period of time. In order to relieve the inventory pressure, the manufacturers continued to sell at a profit. Although Hubei phosphate fertilizer manufacturers started one after another, the surrounding acid plants generally have large inventory and fierce competition for resources. On the other hand, the downstream phosphate fertilizer demand is limited, the market supply is strong and weak, and the acid price rise is weak.

 

3、 Future forecast

 

According to the sulfur analyst of the business association, in terms of the current supply and demand performance, the port inventory is high, the refineries in various regions are mainly in stable operation, the downstream phosphate fertilizer supply is increased, the sulfur is purchased on demand, the market is not clear, and the negotiation between the buyer and the seller is deadlocked. It is expected that the sulfur market will be narrowed in the later stage, and the situation of the factories in the future will be seen specifically.

http://www.lubonchem.com/

Aniline prices fell for three consecutive days this week (March 9-13, 2020)

1、 Price trend

 

From Tuesday to Thursday, aniline prices fell for three consecutive days, with prices in Shandong Province falling by 7.46% to 6200 yuan / ton, down 500 yuan / ton from last Friday, and in Nanjing by 6.52% to 6450 yuan / ton, down 450 yuan / ton from last Friday, according to the data in the bulk list of business associations

 

ferric sulfate (Poly ferric sulphate)

2、 Analysis and comment

 

Raw materials: this week, pure benzene fell precipitously, with the listing price of 4350-4900 yuan / ton, down 9.13% from last week. This week, the pure benzene market was largely affected by crude oil and external market, and the price fell. Sinopec sharply lowered the listing price of pure benzene on Tuesday, from 600 yuan / ton to 4550 yuan / ton; local refineries lowered their prices according to their own conditions. Shandong pure benzene market lower willingness to receive goods, the overall deal was weak, Thursday and Friday sharp weakness. This week’s pure benzene port inventory slightly lower than last week.

 

The price of nitric acid this week is stable compared with last week, and the production price in East China is 1500 yuan / ton. It has little effect on aniline price.

 

Product: this week, aniline enterprises suffered from the negative impact of upstream pure benzene and the double impact of poor delivery, the price fell for three consecutive days. Friday’s price is temporarily stable, before consumption, the market is more wait-and-see situation.

 

Azodicarbonamide (AC foaming Agent)

3、 Future expectation

 

Raw materials: crude oil and external market are not optimistic; downstream styrene production capacity is expected to increase, and the factory inventory is high, and other downstream products are also in storage and shipment, and the inventory accumulation is not smooth. The upstream and downstream double negative pure benzene, it is expected that the trend of short-term pure benzene is weak.

 

The Jinling aniline plant has been restarted. At present, the restart of Jinmao has not been determined. The supply of aniline is sufficient, and the market pays attention to the late trend of upstream pure benzene and downstream operating rate. It is expected that the price of aniline will be stable in the short term, and it will be greatly affected by the price of pure benzene in the later period.

povidone Iodine

China’s domestic ethanol market price declines mainly (3.9-3.13)

1、 Price trend

 

This week’s domestic ethanol market mainly fell. According to the monitoring data of the business club, the average price of the domestic ethanol market at the beginning of the week was 5430 yuan / ton, while the domestic ethanol market price at the weekend was 5350 yuan / ton, down 1.47% in the week, 3.08% month on month, 0.62% year-on-year.

 

EDTA

2、 Market analysis

 

Product: this week’s decline in the alcohol market is dominated, but there is little room for the downward trend. The market price in Shandong is weak; the quotation of individual enterprises in Henan is down; the market in Northeast China is weak and stable; the market in East China is weak and downward; the supply in South China is large and the market price is weak and downward; the downstream demand in Anhui is weak and the market price is slightly down.

 

Industry chain: corn: the price of corn in Northeast China is firm. At present, except for Jilin, Heilongjiang’s prevention and control efforts have not been reduced. The recovery of goods is slow. There is not much surplus grain in the hands of farmers. There is little surplus grain in other areas, which is basically in the state of grain grabbing. The main surplus grain is still in Jilin. According to my statistics of agricultural products, the surplus grain in Jilin is about 40%, while the trade is about 40% There is not much stock in the hands of e-businessmen, and the price remains firm. At the same time, the corn price in North China is weak. Deep processing enterprises adjust the price according to the amount of goods arrived. The price of vehicles arrived in these two days has dropped continuously. The price may reach a bottom. According to the situation of grain grabbing in Northeast China, the corn price in North China will rise soon.

 

Melamine

Ethyl acetate: the domestic market of ethyl acetate is weak this week. At present, the domestic ethyl acetate starts stably, the market spot supply is sufficient, the downstream terminal industry recovers dispersively and slowly, and the substantial demand for ethyl acetate is low, which leads to the passive competition among suppliers for shipment, and promotes the transaction price of ethyl acetate to go down one after another. However, the raw material acetic acid fell steadily, and the cost side gave some support. The decline of ethyl acetate passively compressed its own profit shipment, and the turnover in South China market was seriously reversed. The short-term ethyl acetate Market as a whole is in a negative situation. This week’s downward trend aggravates the market’s bearish mentality, and the market’s substantive demand is limited. It is expected that the weak situation will continue in the later stage.

 

3、 Future forecast

 

According to the prediction of the ethanol analysts of the business agency, the short-term ethanol market is weak, the inventory of raw corn in Northeast China is not high, and the willingness to pull up is high. At present, the inventory of large factories is not high, but the downstream demand is difficult to improve significantly in a short period of time. The price in Henan is likely to continue to weaken, and the price in surrounding areas continues to weaken. At present, arbitrage from Henan to East China is closed, and most of the East China regions are from Due to the low price of goods purchased and delivered in Northeast China, it is expected that the short-term market will be vulnerable to consolidation; due to the large supply of goods in East China and limited downstream demand, it is expected that the short-term market will be vulnerable to consolidation.

EDTA 2Na

Affected by crude oil, Shandong propylene price fell continuously in the middle of the month, down nearly 7% in the week

1、 Price trend

 

According to the data of the business club’s large list, the market price of propylene (Shandong) in China fell continuously this week, with the weekly high price at the beginning of the week of 63673 yuan / ton; the weekly low price at the end of the week of 6223 yuan / ton, with the weekly drop of 6.60%.

 

2、 Analysis and comment

 

Products: in March, the decline trend of propylene price in Shandong Province in the early stage of reform began. On the first day, the prices of some enterprises rose slightly. On the second day, the prices of the whole line rose slightly. On the third and the fourth day, the prices of most enterprises generally rose. On the fifth day, the prices of some enterprises increased by about 50-100 yuan / ton. On the sixth day, the prices of enterprises began to fluctuate up and down, but the range was relatively small. On the tenth day, the prices generally fell by 50-100 yuan / ton. On the eleventh day, the prices slightly fell by 50 yuan / ton The daily price slightly declined by 50-100 yuan / ton. Today, the price dropped by 200-300 yuan / ton. At present, the market turnover is 6100-6650 yuan / ton, and the mainstream price is 6100-6150 yuan / ton.

 

Benzalkonium chloride

Industry chain: upstream, influenced by the OPEC meeting in the past few days, international crude oil plummeted in a row. Influenced by the hope of economic stimulus plan and US producers’ spending cuts on the 10th, American crude oil jumped 8% again. On the 11th, international crude oil fell slightly, and on the 12th, crude oil fell sharply again. Many times of downward news has a significant negative impact on propylene.

 

This week, the PP market slightly declined after a small rise, with a weekly decline of 0.93% and a weekly amplitude of 1.39%, which had little impact on propylene.

 

This week, acrylic acid market remained stable, and the price did not change, which had little impact on propylene.

 

This week’s propylene oxide market plummeted to 3.44%, which is expected to have a negative impact on propylene.

 

This week, epichlorohydrin prices fell in a weekend dive, with a one-day decline of 6.67% per week, which had a significant negative impact on propylene.

 

This week, the domestic price of n-butanol remained stable, with little impact on propylene.

 

This week’s octanol market is also a straight-line downward trend, with a weekly decline of 3.39%, which has some negative impact on propylene.

 

The isopropanol market rebounded slightly after the decline this week, with a weekly decline of 3.98% and a weekly amplitude of 4.38%, which was negative for propylene market.

 

Sodium Molybdate

The price of phenol Market in Shandong Province fell 6.14% this week, which has a more obvious negative impact on propylene.

 

Shandong acetone market fell sharply this week, with a weekly decline of 10.26%, which had a more prominent negative impact on propylene.

 

3、 Future forecast

 

According to the propylene analyst of business and chemical branch, the crude oil market has fallen sharply in recent days due to OPEC meeting and international market game. Due to the low production and inventory before propylene, the previous decline was not significant. However, the fluctuation of crude oil is still fierce, and the downstream trend is not ideal. It is expected that the propylene price will be affected by crude oil in the later stage, showing a significant downward trend.

http://www.lubonchem.com/

The market price of methanol has declined significantly

1、 Price trend

 

According to the price monitoring of the business agency, the domestic methanol market declined significantly. On March 5, the average price of the domestic methanol market was 1992 yuan / ton. As of March 12, the average price of the domestic methanol market was 1872 yuan / ton, down 6.02%. Prices fell 12.81% month on month and 27.20% year on year.

 

2、 Market analysis

 

Products: the domestic methanol market is mainly weak, and the methanol market in some regions continues to decline. Port methanol market is linked to in maintenance period, which is still affected by crude oil to some extent. After the price rebounds, it slightly falls back. Spot buying is relatively common. In the short term, we need to pay attention to the change of port inventory. In terms of the mainland market, the overall trading atmosphere is weak, and most regions show a downward trend. Prices in the northwest and southwest regions are temporarily stable, among which the local government in the southwest region has increased the work of resumption of production, and the earlier stage of downstream procurement intersection has slightly improved.

 

ferric sulfate (Poly ferric sulphate)

In terms of freight, the freight of methanol market has declined. For the part from north line to North Shandong, the reference is 90-140 yuan / ton, including 130-140 yuan / ton for Daqi to North Shandong, 90-110 yuan / ton for mainland to North Shandong; 130-160 yuan / ton for South line to North Shandong; 100-150 yuan / ton for Guanzhong to North Shandong, 100-120 yuan / ton for South Shandong, 150 yuan / ton for part Lianyungang; 70-150 yuan / ton for Shanxi to North Shandong. 180-210 yuan / ton from Ningxia to North Shandong.

 

Industry chain: formaldehyde: the domestic formaldehyde market has a narrow range. Due to the fluctuation of methanol market in the upstream and the improvement of formaldehyde market, the demand follow-up in the downstream market is weak, which leads to the lower quotation in some areas of formaldehyde and the general transaction.

 

Acetic acid: the atmosphere of domestic acetic acid market is on the sidelines. Due to inventory problems, the prices quoted by Henan manufacturers are up and down. However, the market supply is sufficient, and the market transaction is still rational. The short-term market is in a wait-and-see state. Shandong Yankuang acetic acid plant is expected to stop this week to ease the situation of oversupply in the market. The resumption of work in the terminal industry is slow. The market in some areas is still weak. The acetic acid market atmosphere is waiting.

 

Dimethyl ether: the domestic market of dimethyl ether is weak, and the prices in some regions are adjusted flexibly. Henan Province, the main production area, has poor trading and low price. The mainstream price is 2770-2850 yuan / ton. There are signs of price reduction in Southwest China. The low-end price has dropped to 2750 yuan / ton, and market transactions continue to be weak.

 

Azodicarbonamide (AC foaming Agent)

3、 Future forecast

 

From the perspective of business community: on the positive side, on the cost side: at present, the profits of enterprises are generally poor, and the cost support is fair under partial losses; at present, the price is relatively low, so it is not excluded that some of the middle and lower reaches copy the bottom and stock up. On the negative side, the supply side: some of the early-stage shutdown / load reduction devices have been recovered, and the supply side is relatively abundant; on the downstream side: Linyi formaldehyde resumption time is delayed, and at present, the overall receiving atmosphere in the downstream is poor, and the local demand side is hard to boost in a short term; freight: the recent freight continues to decline, and the arrival cost has been reduced. According to the methanol analysts of the business association, the short-term domestic methanol market is adjusted according to its own supply and demand, and there is still a decline expectation in some areas.

povidone Iodine