Price trend

According to the data monitoring of business news agency, the quotation of o-benzene fell in January, while the domestic market of o-benzene fell. With the recovery of upstream and downstream market, the price of o-benzene may hit the bottom and rebound. As of January 30, Sinopec’s price of o-xylene was 4700.00 yuan / ton, down 300 yuan / ton or 6.00% compared with 2000 yuan / ton of o-xylene at the beginning of the month (January 1).

Upstream market of o-benzene

It can be seen from the price trend chart of mixed xylene that the price of mixed xylene rose sharply in January, with an increase of 9.90%. The price of mixed xylene continued to rise, the cost of o-benzene rose, the support for the rise of o-benzene was obvious, and the power of o-benzene rise increased.

Trend of downstream products

From the price trend chart of phthalic anhydride, it can be seen that the price of phthalic anhydride first fell and then rose in January. Although the price of phthalic anhydride still fell slightly, the overall market of phthalic anhydride rebounded from the bottom, the market of phthalic anhydride rebounded at the end of the month, the market of o-benzene improved, and the price of o-benzene increased.

Future forecast

Bai Jiaxin, an o-xylene data analyst of business news agency, believes that in January, the price of mixed xylene continued to rise, the cost of o-xylene increased, and the price of o-xylene fell due to the drop of phthalic anhydride price, but the pressure of o-xylene rising continued to increase; at the end of the month, the price of phthalic anhydride rebounded, the demand of o-xylene rose, the rising power of o-xylene was released, and the rising power of o-xylene increased. It is expected that o-xylene bottomed out and rebounded, and the rise in price.

According to the data monitored by the business club, as of January 28, the comprehensive price of PC market was 19833.33 yuan / ton, the PC market was stable and rising, the overall market was stable, the purchasing atmosphere was general, and the wait-and-see atmosphere was strong.

The domestic PC market negotiation center is stable, the overall trend is stable, the price is firm, the downstream just need to take orders, and the wait-and-see atmosphere is strong. At present, the domestic spot supply is normal, the enterprise operating rate is normal, and the inventory is normal. At present, the shipment is smooth, and near the Spring Festival, the willingness of traders to prepare goods is general, and there is no obvious improvement

The upstream bisphenol a market as a whole was stable and on the upper side, the supply of spot goods was tight, the focus of market negotiation was stable, and the reference negotiation was around 17100-17200 yuan / ton.

On January 27, the rubber and plastic index was 710 points, which was the same as yesterday, decreased by 33.02% compared with 1060 points (2012-03-14), the highest point in the cycle, and increased by 34.47% compared with 528 points, the lowest point on April 6, 2020. (Note: period refers to the period from December 1, 2011 to now)

Business community PC analysts believe: it is expected that the PC market will be stable in the short term. (the above prices are provided by major PC manufacturers all over the country and sorted out and analyzed by business PC analysts. They are for reference only. Please contact relevant manufacturers for more details.)

Price list of aluminum ingots

According to the data of business news agency, the average market price of domestic aluminum ingots in East China on January 27 was 14910 yuan / ton, down 5.19% from 15726.67 yuan / ton at the beginning of the month (January 1).

The recent pressure on aluminum price is mainly based on two factors

1. The price of aluminum is high in the early stage, the profit of aluminum plant is high, and the output of aluminum moves up

According to the data of the National Bureau of statistics, in 2020, the domestic aluminum production accumulated to 37.08 million tons, exceeding the record high of 35.802 million tons set in 2018, setting the highest annual record. In December 2020, the primary aluminum production was 3.27 million tons, up 2.8% on a month on month basis. It exceeded the record high of 35.802 million tons set in 2018.

In the early stage, the price of aluminum was high, the profit of aluminum plant was high, and the operating rate moved up.

2. Aluminum ingots are slightly accumulated in the off-season of aluminum consumption

At present, as the end of the year is approaching the low season of aluminum consumption, the demand of the downstream is increasing, and the social inventory of aluminum ingots is accumulating. The social inventory of electrolytic aluminum was 688000 tons, up from 600000 tons in early December.

Near the end of the year, some aluminum profile enterprises have holidays ahead of time, and the aluminum price goes down horizontally, so there is little demand for stock preparation.

1、 Price trend

According to the monitoring data of the business community, as of January 26, the average price of refrigerant R22 was 14000 yuan / ton, down 2.33% from 14333.33 yuan / ton at the beginning of the month, and down 22.94% from the same period last year.

According to the bulk data monitoring of the business community, as of January 26, the average price of refrigerant R134a was 19166.67 yuan / ton, up from 17500 yuan / ton at the beginning of the month. It was up 12.38% in the month and down 15.71% compared with the same period last year.

2、 Market analysis

R22, the price of refrigerant R22 fell this month, and the market was weak. Due to the opening of new R22 quota in 2021 and the impact of recent epidemic in Hebei Province, the raw material chloroform enterprises reduced their prices to prevent excessive warehouse pressure in the future, resulting in the gradual decline of cost support, which made R22 enterprises unable to support the market and the price fell. Moreover, the demand side continued to be weak, and the export and domestic sales performance was average. Near the end of the year, the downstream had a holiday ahead of time, the market demand gradually stagnated, and the price of refrigerant R22 fell steadily this month. At present, the market quotation of R22 is mostly in the range of 14000-15000 yuan / ton, the transaction price is low, the enterprises do not receive many orders, the short-term price is stable, and there is a downward expectation in the future.

R134a, refrigerant R134a price up this month, the market is strong. Due to the overhaul of some hydrofluoric acid plants, the spot supply on the site was slightly tight. The price continued to rise after new year’s day, 5.67% higher than the price of 9530 yuan / ton at the beginning of the month. The price of raw materials was tight and the refrigerant manufacturers reduced the load, which supported the price rise of R134a. At present, the demand is not good, downstream enterprises stop work for holidays, traders withdraw from the market and wait-and-see, and logistics in some areas is out of service. At present, the market quotation of refrigerant R134a is mostly in the range of 19000-22000 yuan / ton, with high price, but the transaction atmosphere is general, and the short-term price is stable, so it is not suitable to go down.

Hydrofluoric acid as raw material. On January 26, the mainstream price of domestic anhydrous hydrofluoric acid manufacturers was 10000-10500 yuan / ton, and the ex factory price trend of on-site merchants increased slightly. Domestic hydrofluoric acid manufacturers had a general operating rate, and the supply of on-site goods was slightly tight. Affected by the rising price of fluorite, the demand of downstream refrigerant industry was general, and on-demand purchase was the main factor. It is expected that the on-site price will increase slightly in the later stage High.

Trichloromethane, affected by the poor demand of downstream market recently, the price of trichloromethane in Shandong continued to fall, and the trade in the industry was light. Although it was near the Spring Festival holiday, the intention of downstream goods preparation was flat, and the inventory of trichloromethane production enterprises had accumulated to a certain extent, so they were forced to make profits for shipment. At present, the price of Shandong is about 2640-2720 yuan / ton, Jiangxi Liwen is about 3600 yuan / ton, and Jiangsu is about 3700 yuan / ton. At present, there are many negative factors in the chloroform market. It will take time for the demand side to return to normal. The situation of oversupply in the industry is obvious. It is expected that the price of chloroform will be weak and stable in a short time.

3、 Future forecast

According to refrigerant analysts of business news agency, at present, raw materials are rising, supply is tight, and cost support is strong. However, as the Spring Festival approaches, downstream enterprises have holidays one after another, and demand is gradually stagnant. The main orders are supplied by enterprises, and the market tends to be stable, with little fluctuation before the year. It is expected that the market of refrigerant will be stable in the short term, and will fluctuate with the price of raw materials in the future.

According to the data of the business club’s block list, the TDI market price was stable this week. The average price of the East China market at the weekend was 12533.33 yuan / ton, down 1.05% compared with 12666.67 yuan / ton last weekend, and up 7.12% compared with the same period last year.

This week, the domestic TDI market is deadlocked and wait-and-see. The atmosphere in the market is quiet. At the beginning of the week, the market is weak. The dealer’s quotation is lower than last week. Later, the industry mostly wait-and-see, and the price trend runs smoothly. As of the 24th, the domestic TDI offer in East China market is 12400-12500 yuan / ton, and the Shanghai offer is 12500-12600 yuan / ton.

The market of toluene continued to rise. At the initial stage, the market was very strong, and the focus of negotiation was pushed up, with an increase of 3.26% in the week. As of the 24th, the domestic average price was 4037.5 yuan / ton, and the price fell near the weekend. Affected by the public health incident, some downstream terminal factories in China may have holidays ahead of time, and the market demand for toluene was weak.

At present, the supplier’s equipment is running smoothly, the offer is relatively high and the intention of low price shipment is not high. On the other hand, affected by public health events, the holiday time of downstream terminals may be ahead of schedule. The operators are cautious, mainly purchase on demand, and the intention of buying is weak. In terms of polyether market, the lower reaches hold a wait-and-see attitude, the industry mainly purchases on demand, the buying enthusiasm is general, and the purchase of TDI is limited.

According to TDI data analyst of business club, at present, the domestic TDI market is in a stalemate, and the atmosphere in the market is quiet. In addition, the upstream and downstream companies may enter the holiday ahead of time, so the demand is weak, and the trading in the market is cold. In the later stage, the TDI market continues to consolidate temporarily, and pay attention to the downstream market news.

Magnesium market trend

On January 26, 2021, the price of magnesium ingots (99.9%, non pickling, simple packaging) in the main production areas of China stabilized in cash including tax, with the overall range of 14100-14400 yuan / ton, mainly through real order negotiation.

The specific price range of each region is as follows:

In fugu area, the ex factory spot exchange including tax is 14100-14400 yuan / ton; in Taiyuan area, the spot exchange is 14300-14400 yuan / ton; in Wenxi area, the spot exchange is 14400-14500 yuan / ton; in Ningxia area, the spot exchange is 14100-14300 yuan / ton.

Magnesium ingot is original magnesium ingot according to national standard (GB / t3499-2011); non pickling, no wooden pallet and non payment acceptance price, mainly based on single negotiation.

Near the Spring Festival, the downstream stock demand slightly improved, and some magnesium ingot manufacturers do not have much inventory. They are determined to support the price. It is expected that they will stabilize in the near future, and some manufacturers will increase slightly.

1、 Price trend

According to the data of business club’s block list, the price trend of cryolite market this week was stable. The average price of Henan market was 5975 yuan / ton at the weekend, which was stable within the week, up 1.27% compared with the same period last year.

2、 Market analysis

The domestic price of cryolite was temporarily stable this week. As of the 24th, the ex factory price of cryolite in Shandong was 5500-6800 yuan / ton, while that in Henan was 5000-6200 yuan / ton, unchanged from last week. The domestic cryolite enterprises have normal start-up and sufficient inventory. The annual output of Zhengzhou Tianrui crystal Co., Ltd. is 30000 tons. About 70% of the units start-up. The whole unit load of Jiaozuo Minli Industrial Co., Ltd. is normal start-up. The annual production capacity of Zibo Kunyu industry and Trade Co., Ltd. is 40000 tons. The units are in normal operation, and there is no shutdown plan for the time being. At present, the cryolite market has sufficient inventory, and the downstream demand is general. Enterprises can talk about selling more than one, and the transaction is fair.

On the upstream side, the domestic fluorite market was stable as a whole, with a slight increase of 0.20% in price within the week. The supply of goods in the yard was tight, and the demand in the downstream was insufficient. In terms of downstream electrolytic aluminum, the price fluctuated slightly this week. At the beginning of the week, the price was lowered, and then it was called back. It was stable in the rising range, with an overall decline of 0.35%. At present, the social inventory of electrolytic aluminum continues to move down, the market demand is acceptable, and it is expected that the market will remain volatile in the later period.

3、 Future forecast

At present, the domestic cryolite manufacturers are in normal operation, and the market supply is sufficient. The downstream industry lacks support for the cryolite industry, and the demand is general. With the downstream gradually entering the holidays and logistics, the cryolite price market may maintain weak and stable operation in the later stage, and the specific attention should be paid to the market demand.

According to the monitoring data of the business news agency, after new year’s day, the hydrogen peroxide market began to plunge, and the price continued to fall. Throughout January, the hydrogen peroxide price continued to fall. At the beginning of the month, the market price of hydrogen peroxide was 1430 yuan / ton. On the 25th, the market price of hydrogen peroxide was 1290 yuan / ton, with an overall drop of 9.79%.

According to the weekly rise and fall chart of hydrogen peroxide from November 2020 to January 18, 2021, it can be seen that the price of hydrogen peroxide is rising steadily every week in December, with an increase of 1% – 2%, and the highest weekly increase is close to 3%. In January, the terminal demand became weak, and hydrogen peroxide started a decline mode, with a decline of nearly 1% in the first week, a steady decline in the second week, and a decline of more than 1% in the third week. On January 25, hydrogen peroxide still maintained a downward trend, down nearly 10 points from the beginning of January.

Multiple negative factors suppress hydrogen peroxide Market in January

In December, the terminal caprolactam market ushered in a rising trend, and the enthusiasm for purchasing hydrogen peroxide increased. The inventory of hydrogen peroxide manufacturers was at a low level, and the market continued to rise, with an increase of nearly 10%.

After the new year’s day, the hydrogen peroxide Market ended its boom in December, with all the positive factors and multiple negative factors. With the coming of the Spring Festival, the terminal paper industry and caprolactam manufacturers stopped for maintenance in succession. Coupled with the Limited Logistics and environmental factors in Hebei, the demand for hydrogen peroxide has shrunk sharply, and the price has started to plunge. The mainstream quotation fell below 1200 yuan / ton from 1400 yuan / ton at the beginning of the month, down more than 9%, and went straight to 10%.

The main manufacturers in Hebei have no quotation due to the influence of logistics factors; the mainstream quotation of hydrogen peroxide in Anhui is about 1400 yuan / ton, which is 100 yuan / ton lower than that at the beginning of the month; the mainstream quotation of hydrogen peroxide in Shandong is 1180 yuan / ton, which is 160 yuan / ton lower than that at the beginning of the month; the mainstream quotation of hydrogen peroxide in Hunan is 1550 yuan / ton, which is relatively stable.

Li Bing, hydrogen peroxide analyst of business news agency, said: with the coming of Spring Festival, it is difficult for the terminal demand of hydrogen peroxide to improve in the short term. It is expected that hydrogen peroxide will continue to be weak in the future, mainly downward, with weak rise.

1、 Price data

As of January 22, the mainstream ex factory average price of domestic refining naphtha was 5670.00 yuan / ton, up 1.07% from 5610.00 yuan / ton at the beginning of the week. The actual transaction price of refining naphtha was about 5700 yuan / ton.

On January 22, the naphtha commodity index was 69.98, up 0.09 points from yesterday, down 31.81% from 102.62 points (2012-09-24), the highest point in the cycle, and up 65.67% from 42.24 points, the lowest point on July 19, 2016. (Note: period refers to from September 1, 2012 to now)

2、 Analysis of influencing factors

This week, the price of naphtha from local refineries rose slightly, refineries were active in shipping, mainly in destocking.

Upstream: the US crude oil inventory increase is bad, and the global epidemic situation is still severe. Multinational restrictive measures have restrained the recovery of fuel demand. This week, WTI crude oil prices rose by 1.35% and Brent crude oil prices rose by 1.81%.

Downstream: according to the monitoring of business society, toluene continued to rise in China this week. The price of toluene was 3910 yuan / ton on January 17 and 4037.5 yuan / ton on January 24, up 127.5 yuan / ton or 3.71% from last week. This week, the domestic market price of mixed xylene showed an upward trend. The price of xylene was 4110 yuan / ton on January 17 and 4160 yuan / ton on January 24, up 50 yuan / ton or 1.22% from last week. In terms of PX market, the ex factory price of domestic PX rose this week. The domestic PX operating rate was about 60%. The average price at the weekend was 5200 yuan / ton, up 10.64% from 4700 yuan / ton at the beginning of the week.

3、 Future forecast

According to the energy analysts of business society, the naphtha market is supported by the international crude oil and domestic terminal market in the near future, but affected by the domestic epidemic, the logistics is limited, and refineries are actively de stocking at the end of the year. It is expected that the price of locally refined hydrogenated naphtha will go down in the near future, with a price of about 5400 yuan / ton.

1、 Price trend

According to the data of business news agency, the domestic market price of maleic anhydride rose this week. As of December 22, the average price of maleic anhydride by hydrogenation of benzene remained around 8433.33 yuan / ton, up 2.43% from the beginning of the week and down 0.78% from the same period last month.

On January 22, the maleic anhydride commodity index was 79.44, unchanged from yesterday, down 35.76% from the highest point of 123.67 in the cycle (December 26, 2017), and up 55.22% from the lowest point of 51.18 on April 14, 2020. (Note: period refers to the period from September 1, 2011 to now)

2、 Analysis of influencing factors

This week, the domestic market of phthalic maleic anhydride started low load operation, and some enterprises carried out preliminary orders. Under the influence of environmental protection and Spring Festival factors, the operation rate of unsaturated resin in the downstream is on the decline, and the resin market is mainly in demand. As of the 22nd, the amount of solid anhydride in Shandong is about 8100 yuan / ton, that in Jiangsu is about 8200 yuan / ton, that in Shanxi is about 8000 yuan / ton, that in Hebei is about 8000 yuan / ton, and that in South China is about 8200 yuan / ton.

On the upstream side, according to the data of business news agency’s block list, the price of pure benzene went down this week. On the 17th, the average price of pure benzene was 4506 yuan / ton; on the 24th, the average price of pure benzene was 4490 yuan / ton, down 16 yuan / ton or 0.36% from last week. The recent operating rate of hydrogenated benzene enterprises this week is about 60%. The market price of hydrogenated benzene in Shandong Province mainly fell, with 4175 yuan / ton on the 18th and 4350 yuan / ton on the 22nd, down 175 yuan / ton. The price of n-butane dropped from a high level.

3、 Future forecast

Business community maleic anhydride product analysts believe that there is a strong wait-and-see sentiment in the maleic anhydride market. The downstream resin is mainly purchased, and the terminal demand is low. There is a strong wait-and-see sentiment. Moreover, due to the impact of the epidemic, the logistics is limited, and the price is expected to be sorted out in a short time.