The sulfur commodity index on August 4 was 37.86, up 2.93 points compared with yesterday, 63.54% lower than 103.84 points (2011-11-02), and 46.80% higher than the lowest point of 25.79 on February 24, 2020. (Note: period refers to 2011-09-01 to now)

According to the price monitoring of the business agency, on August 4, the average price of sulfur production in East China was 690 yuan / ton, an increase of 8.38% in a single day. On Tuesday, domestic refineries adjusted their quotations according to their own shipment situation. Sinopec East China’s liquid sulfur price increased by 30-50 yuan / ton, and the quotation was 590-730 yuan / ton, and the solid sulfur quotation was temporarily stable; Sinopec North China’s quotation of solid and liquid sulfur was increased by 50 yuan / ton, the mainstream price of solid sulfur was 600-700 yuan / ton, and the mainstream price of liquid sulfur was 550-610 yuan / ton The price of solid-liquid synchronous sulfur was increased by 80 yuan / ton, solid sulfur was quoted at 720 yuan / ton, and liquid sulfur was quoted at 690-720 yuan / ton.

Future forecast: at present, the trend of the port market is strong, and the price of the seller will rise while the domestic market will follow the upward trend. However, there are more inquiries from downstream traders, and the trading mentality is still cautious. The buyer and the seller are deadlocked and the wait-and-see atmosphere is obvious. It is expected that the future market will run smoothly and steadily.

1、 Price trend

According to the business club’s big list data, the domestic caprolactam price fell sharply this month. The average ex factory price of caprolactam on July 1 was 10400 yuan / ton, and that on July 31 was 9566 yuan / ton, a decrease of 8.01%. The highest price in the month is 10400 yuan / ton, and the lowest price is 9533 yuan / ton.

On July 31, caprolactam commodity index was 48.12, unchanged with yesterday, down 51.88% from the cycle’s highest point of 100.00 (2017-03-02), and 22.13% higher than the lowest point of 39.40 on April 07, 2020. (Note: the period refers to March 1, 2017 to now)

2、 Market analysis

Caprolactam fell in the first and middle of July due to the continuous decline of raw material prices and limited cost support. Sufficient supply, poor downstream demand, the overall market is weak. In late July, the price of raw materials rose, with strong support from the cost side. However, the downstream demand is weak and the overall pressure bearing phenomenon is still in place. As of July 31, the price of caprolactam liquid of Shandong Luxi Chemical Co., Ltd. is 9000 yuan / T, and the factory has a production capacity of 300000 tons. The actual transaction can be discussed. Nanjing Dongfang caprolactam liquid price 10000 yuan / T, 400000 tons / year of the plant normal operation, caprolactam unit normal operation. Baling Hengyi caprolactam liquid price 9800 yuan / T, 450000 tons / year, the plant was normally started, accepted and delivered. The price of caprolactam liquid of Baling Petrochemical Company is 9800 yuan / ton, and the 300000 tons / year unit is normally started and accepted.

The listed price of raw material pure benzene was 2950-3400 yuan / ton this month, and the price rose 210 yuan / ton this month, up 6.65% this month. In July, the price of pure benzene fluctuated in the first ten days and the middle ten days, and the price rose sharply in the last ten days. Sinopec lowered the listing price of pure benzene at the beginning of this month, and increased the listing price three times in the last ten days, with a total increase of 50 yuan / ton to 3350 yuan / ton this month. At the beginning of the month, the weak market continued in June, the downstream demand was insufficient to follow up, and the port inventory remained high; coupled with the unknown public health events, the spot transaction in the market was light, and the wait-and-see atmosphere was strong. In the last ten days, the external price rebounded obviously, and the enterprises made up the short at the end of the month, and the pressure of delivery was released rapidly, and the price rose sharply.

3、 Future forecast

Caprolactam analysts believe that in the near future, the price of raw material pure benzene has continued to rise, the cost side is favorable, the support is strong, and the falling space is limited. The performance of downstream demand is not good, and will continue to be under pressure in the short term. It is expected that caprolactam market will rise steadily after finishing weak in August.

Price trend

According to the data of the business club’s bulk list, the domestic PA66 market was stable in July, and the range of rise and fall of various models of products was relatively narrow. As of July 31, the average price of PA66 medium viscosity injection molding mainstream offer was about 18800.00 yuan / ton, a decrease of 0.53% compared with the average price level at the beginning of the month.

PA66 upstream adipic acid prices in July continued the trend of last month, the market is not surprising, spot prices for the whole month narrow adjustment. Adipic acid prices fell slightly in July, but fell only 1.78% in the whole month, according to business agency data. The price of dealers fluctuated between 100-200 yuan / ton, and the mainstream quotation of adipic acid in East China was generally 6500-6800 yuan / ton as of July 31. On the cost side, crude oil continued to consolidate at the US $40 level, which gradually weakened the downstream impact. Pure benzene, the direct upstream product of adipic acid, rebounded significantly in July, but it was mainly concentrated at the end of the month. At present, the downstream adipic acid did not rise due to the hysteresis of cost transmission. And at present, pure benzene is still at a relatively low level, which does not bring fundamental benefits to adipic acid, but the rising cost has squeezed the downstream profit space. In terms of supply and demand, the operating rate of enterprises remained high in July, basically above 80%. The supply of goods is sufficient, and the pressure of manufacturers’ inventory is high. And the shipping strength is not good. At present, most of the dealers have returned to normal picking up goods, but the downstream demand is affected by the weakening domestic demand and the suppression of overseas epidemic situation. The dealers are still relatively cautious in taking delivery of goods, and some dealers purchase according to the order, rather than inventory operation. At present, the weak market of adipic acid is mainly affected by the supply and demand, and the weak demand is still the main reason for the adipic acid market to get out of the haze. In terms of future market, the Business Association believes that the current oil price is narrow, pure benzene is hovering at a low level, the cost side has not changed greatly, the recovery trend of the chemical industry has been restrained to a certain extent, and the fundamentals are mainly empty. More importantly, the demand side still can not see any good, it is expected that in the current context of supply and demand is not prosperous, there is still a breakthrough in the near future.

The cost of PA66 is generally supported by adipic acid from upstream. Last month, the spot circulation of PA66 was less and the supply was weaker. In July, the spot supply was partly improved, but the on-site supply was still at a low level. According to reports, this month the domestic chip plant operating rate continued to run at low load. Among them, Liaoyang Xingjia stopped production, only half of Huafeng Group’s units started operation, and Dandong youfiber Technology Co., Ltd. also shut down half of the units. Shenma industry has a relatively high operating rate of about 80%. At the same time, it also reflects the lack of confidence in the future market, with a low level of operating rate to divert excess supply pressure and stabilize the spot price of PA66. In July, the price of PA66 fluctuated in a narrow range, the resistance of merchants to shipment is still in place, and the actual trading is still less. Downstream factories purchase more scattered, take as you use, more resistant to high price goods, transaction improvement is limited.

Business agency analysts believe: July domestic PA66 market narrow shock adjustment. The spot price of adipic acid in the upstream is low, which can not support the cost of PA66. Weak downstream demand, slow follow-up, conflict with high price goods, the domestic chip mill control the operating rate to reduce the pressure of excess supply. At present, the situation of insufficient supply and actual trading is coexisting, which reflects that the domestic market is actually in a post supply and demand contradiction. It is expected that the PA66 market will continue to operate smoothly in the short term.

1、 Trend analysis

On August 3, spot copper decreased slightly, and the current price was 50931.67 yuan / ton, a slight decrease of 1.84% compared with the previous trading day, a rise of 3.87% over the beginning of the year, and a year-on-year increase of 9.62%. LME copper’s 3-month contract rebounded after falling $6301 at the opening, and closed at $6385.5, up 0.12%. Shanghai copper’s main contract quickly dived to 50210 yuan in the early morning, then stabilized and rebounded. In the end, it narrowed down to 51050 yuan, or 1.49%.

Affected by Sino US relations last Friday, the nonferrous metals plate made a comprehensive adjustment. The accumulation of stocks in the domestic market in the off-season began, and the pattern of monthly difference correction was gradually adjusted. The registered warehouse receipts of LME copper market dropped to a low level, and the domestic Guangdong stock rose sharply again, approaching the 50000 mark and reaching the highest level in the same period in history. The imported copper is favored by the market due to its sufficient supply and low price. August into the consumption off-season, downstream orders decreased significantly, consumer buying is difficult to lead. However, some copper rod factories finished maintenance, and this part of the demand rebounded.

In view of the above situation, the economic recovery is expected to help boost market sentiment. As Chile and other major producers are still seriously affected by the epidemic, the market is still worried about the supply situation in the second half of the year. However, the consumption in August is affected by the off-season, and it is expected that the short-term high-level copper level will fluctuate.

1、 Price trend

The average price of TDI market in East China on March 3 was 11833.33 yuan / ton, up 5.97% compared with yesterday and 16.47% lower than last year, according to the data from the bulk list of business associations. On August 3, the TDI commodity index was 62.61, up 3.53 points compared with yesterday, 74.76% lower than 248.02 points (2016-10-19), and 19.12% higher than 52.56 points, the lowest point on May 5, 2020. (Note: period refers to 2011-09-01 to now).

2、 Market analysis

Last week, suppliers intensively released good news. Under the export increment, the on-site supply was tight, and the factory supply was tight. The domestic TDI market hit the bottom and rebounded, and the on-site rise was obvious. The weekly guidance price was greatly increased. Most dealers followed the factory’s offer and reached a high level. On August 3, the dealer’s price increased by 500-1000 yuan / ton. At present, the East China market is on the rise in a narrow range, and the manufacturers are making more offers at a high level. The downstream companies are mainly waiting for follow-up. As of the 3rd day, the reference for outbound offer of domestic goods with bill of lading in East China is 11500-12300 yuan / ton, and that of Shanghai is 11800-12500 yuan / ton.

On the upstream side, the market situation of toluene rebounded slightly. Affected by the lower demand for blended oil and solvent in the downstream, the demand for toluene declined, the trading atmosphere was not active, the port inventory remained high, and the progress of destocking was slow. The overall digestion of early inventory was dominated, the market trading atmosphere was weak, and a small amount of just needed replenishment. Considering the impact of economic recovery on crude oil demand and the trend of international crude oil, in the later stage The domestic toluene market may fluctuate slightly.

3、 Future forecast

According to the analysis of the Data Engineer of the business agency, at present, the domestic TDI market is in a strong trend, the market supply is tight, the manufacturer’s offer is high, the dealers also follow the factory’s quotation, and the supplier is supported by good news. It is expected that the domestic TDI market will continue to rise in the future, and pay attention to the policy guidance of the city’s factories.

Commodity index: on July 31, the polyacrylamide commodity index was 82.89, which was the same as yesterday, setting a new historical low in the cycle, which was 22.63% lower than the highest point of 107.13 on May 8, 2019. (Note: cycle refers to the period from April 1, 2019 to now)

Price quotation: data shows that polyacrylamide in July showed a slight downward trend compared with the market at the end of June. In the first half of the month, many companies cut prices, but the overall range is not very large; in the second half of the month, the number of enterprises that adjust prices is smaller, but the adjustment of single enterprise is greater, which is different from the first half of the month. On July 1, 2020, the mainstream market quotation was 13960 yuan / ton, which was about 60 yuan / ton lower than the average price of 14020 yuan / ton on June 30. On the 14th of this month, it was about 13920 yuan / ton, and it was about 40 yuan / ton lower than that at the beginning of this month. In the first half of this month, it was slightly reduced by 0.29%, but by 0.71% compared with the end of last month. In the second half of the month, 13600 yuan / ton was quoted on 16th, and 13566.67 yuan / ton was quoted on 31st, with a very small reduction in half a month Less than 1%.

Factor analysis:

First of all, from the perspective of industrial chain. Upstream acrylonitrile: from January to June 2020, the domestic market price will drop sharply first, and then it will continue to adjust to a certain extent. Since the second half of April, it stopped falling at 6350 yuan / ton. After stabilizing for half a month, it started to rebound from May. The half month quotation went up by 800 yuan / ton to 7150 yuan / ton, and the mainstream quotation in the second half of the month was about 8000 yuan / ton. In June, it was stable at around 8550 yuan / ton in the middle of June, and continued to rise in the last ten days, with the highest value reaching about 8800-8900 yuan / ton, and then it was adjusted back to 8400 yuan / ton at the end of the month. In July, the price of acrylonitrile continued to fall. On the 13th, the price of acrylonitrile had dropped by about 1100 yuan / ton, and the mainstream quotation had fallen to 7300 yuan / ton. In the second half of the month, the price continued to rise, especially at the end of the month, which was 7600 yuan / ton on the 31st daily. Among them, Fushun Petrochemical’s 92000 T / a acrylonitrile was shut down for maintenance on July 23, and resumed on July 28, with 80% of the start-up maintenance. 2. The 130000 T / a acrylonitrile plant of Shandong Haijiang Chemical Co., Ltd. is planned to shut down at the beginning of August, or last for about one month. Shanghai Secco acrylonitrile plant plans to overhaul a production line in late August, with an estimated loss of about 3000 tons. The acrylonitrile plant in srbon was shut down on July 16 and is expected to restart before and after August 5. Asahi Asahi’s Far East contract proposal price in August implemented $1090 / T CFR, down $50 / T from last month.. Downstream demand: the demand for polyacrylamide has not improved greatly this year, and the manufacturers have great sales pressure. Due to the comprehensive influence of demand and cost, the prices of several polyacrylamide manufacturers have been reduced slightly from month to month.

Secondly, the manufacturer production angle. According to the survey, Henan Province, one of the main producing areas of polyacrylamide, has normal production and high inventory. On July 1, many manufacturers lowered the price of main specification products. Although the range was small, the number of price adjustment was more. In the first half of the month, some manufacturers had a second small reduction. Some manufacturers’ prices remained stable, and the number of price adjustments in the second half of the month was reduced, but some enterprises’ price adjustments were larger, But it is because of the sales strategy that is adjusted down and back. Current price: cationic: molecular weight 12 million (10-30 ionic degree), 13000-15000 yuan / ton; anion: molecular weight 10 million yuan / ton, 6800-9600 yuan / ton, molecular weight 12 million yuan / ton, molecular weight 14 million yuan / ton, solid particles 9000-11500 yuan / ton, molecular weight 16 million solid particles 9600-10500 yuan / ton, molecular weight 18 million solid particles 10400-11000 yuan / ton, The molecular weight of 18-20 million powdery products is 12000-12500 yuan / ton; non-ionic: about 12000-13000 yuan / ton; in general, manufacturers generally lower the lowest price by about 100-200 yuan / ton, and the overall reduction range is different. Some specifications of some manufacturers have been reduced by 1000 yuan / ton. The sales pressure of enterprise production and distribution manufacturers is huge, which is helpless for the current situation, and the price downward space is very small.

Thirdly, industry perspective. Since 2020, the prosperity of environmental protection water treatment industry is poor. During the period from January Spring Festival holiday to February 20, relevant enterprises in main production areas stopped production and delayed to resume work. After February 20, the manufacturers in the main production areas gradually returned to work and production. In March, logistics returned to normal, mainly consumed inventory. In April, the manufacturers survived normally, and the raw material cost was partly reduced and the demand was weak, which led to the high inventory of manufacturers. On May 6, the national high-speed recovery of charges, the price of acrylonitrile and other raw materials rose, the ex factory price of polyacrylamide did not change much, and there were more stocks; with the upstream propylene of acrylonitrile rising in the industrial chain relationship of “propylene PP melt blown cloth mask”, the production capacity of acrylonitrile manufacturers decreased this month, which directly led to the firm price of acrylonitrile. In July, the price of acrylonitrile was sharply reduced, and the cost of polyacrylamide was lowered. Some enterprises lowered the price of their products in line with the trend, and then rebounded in the second half of the month. However, the prices of manufacturers did not change significantly. In fact, most manufacturers hoarded raw materials, and the cost of purchasing determines the price and cost, which has different impact on the production cost. As far as the whole industry is concerned, the cost reduction and the demand for The difference is to determine the market trend, this month the market is still weak in stability.

Future forecast:

According to the analysis of the business agency, the cost has risen first and then up, and the demand side has not improved greatly. In the second half of the year, the development of water treatment industry is difficult, and the future market is still mainly stable, with small flexible adjustment. With the economic situation in the third quarter expected to be better, the recovery of water treatment industry demand can also be expected.

Commodity index: on July 31, the polyacrylamide commodity index was 82.89, which was the same as yesterday, setting a new historical low in the cycle, which was 22.63% lower than the highest point of 107.13 on May 8, 2019. (Note: cycle refers to the period from April 1, 2019 to now)

The data showed that polyacrylamide decreased slightly in the last week of July. In the first half of the month, many companies cut prices, the overall range is not very large; in the second half of the month, the number of price adjustment enterprises is less, but the adjustment of single enterprise is greater. On July 27, 2020, the mainstream market quotation was 13600 yuan / ton, and on July 31, it was 13566.67 yuan / ton, with a slight decrease of 0.25% this week. Domestic mainstream quotation: cationic: molecular weight 12 million (10-30 ionic degree) quotation 13000-15000 yuan / ton; anion: molecular weight 10 million yuan / ton 6800-9600 yuan / ton, molecular weight 12 million yuan 7800-10500 yuan / ton, molecular weight 14 million solid particles 9000-11500 yuan / ton, molecular weight 16 million solid particles 9600-10500 yuan / ton, molecular weight 18 million solid particles 10400-11000 yuan/ Tons, molecular weight 18-20 million, powdery offer 12000-12500 yuan / ton; non-ionic: about 12000-13000 yuan / ton.

The price of upstream acrylonitrile has been raised by 50-100 yuan / ton for consecutive days this week, especially in the last few days of the month. The price of acrylonitrile in the 31 daily report increased by about 300 yuan / ton at 7600 yuan / ton. Plant performance: Fushun Petrochemical’s 92000 T / a acrylonitrile was shut down for maintenance on July 23, and restarted on July 28, with 80% of the plant operating. 2. The 130000 T / a acrylonitrile plant of Shandong Haijiang Chemical Co., Ltd. is planned to shut down at the beginning of August, or last for about one month. Shanghai Secco acrylonitrile plant plans to overhaul a production line in late August, with an estimated loss of about 3000 tons. The acrylonitrile plant in srbon was shut down on July 16 and is expected to restart before and after August 5. Asahi Asahi’s Far East contract proposal price in August implemented $1090 / T CFR, down $50 / T from last month.. In terms of downstream demand, the demand for polyacrylamide has not improved, and the boosting effect on the price has not appeared.

From the perspective of industry, since 2020, the prosperity of environmental protection water treatment industry is poor. During the period from January Spring Festival holiday to February 20, relevant enterprises in main production areas stopped production and delayed to resume work. After February 20, the manufacturers in the main production areas gradually returned to work and production. In March, logistics returned to normal, mainly consumed inventory. In April, the manufacturers survived normally, and the raw material cost was partly reduced and the demand was weak, which led to the high inventory of manufacturers. On May 6, the national high-speed recovery of charges, the price of acrylonitrile and other raw materials rose, the ex factory price of polyacrylamide did not change much, and there were more stocks; with the upstream propylene of acrylonitrile rising in the industrial chain relationship of “propylene PP melt blown cloth mask”, the production capacity of acrylonitrile manufacturers decreased this month, which directly led to the firm price of acrylonitrile. In July, the price of acrylonitrile was sharply reduced, and the cost of polyacrylamide was lowered. Some enterprises lowered the price of their products in line with the trend, and then rebounded in the second half of the month. However, the prices of manufacturers did not change significantly. In fact, most manufacturers hoarded raw materials, and the cost of purchasing determines the price and cost, which has different impact on the production cost. As far as the whole industry is concerned, the cost reduction and the demand for The difference is to determine the market trend, this month the market is still weak in stability.

In terms of the future market, the analysis by the business agency shows that the cost of polyacrylamide has been up first and then up, and the demand side has not improved greatly. In the second half of the year, the development of water treatment industry is difficult, and the future market is still mainly stable with small flexible adjustment. In the third quarter, the economic situation is expected to be better, and the demand for polyacrylamide is improved, the price may become stronger, but at present, it is still a little far away.

1、 Price trend

According to the data from the business club’s bulk list, the price trend of cryolite market in July was stable and upward. The average market price at the end of the month was about 5833.33 yuan / ton, up 2.94% in the month compared with 5666.67 yuan / ton at the beginning of the month, and 7.89% lower than the same period last year.

2、 Market analysis

This month, the cryolite market is running steadily. The manufacturers start normal equipment, and the inventory is fair. The downstream demand is stable. The manufacturers sell according to the order, and the market is stable. At present, the price of cryolite in Henan Province is increased by 300 yuan / ton, and the ex factory price is 5300-6000 yuan / ton. The price of cryolite in Shandong Province is temporarily stable, and the ex factory quotation is 5000-6800 yuan / ton. The actual transaction price is flexible and mainly through negotiation.

On the upstream side, the price trend of domestic fluorite market decreased slightly. At the end of the month, the average price of domestic fluorite was 2800 yuan / ton, a slight decrease of 0.4% compared with 2811.11 yuan / ton at the beginning of the month. At present, the domestic fluorite manufacturers are operating stably, the supply is normal, and the downstream demand is weak. They mainly purchase on demand, and the situation of fluorite in the yard is general. It is expected that the fluorite market will be weak in the future, and the specific market demand will be watched. In terms of downstream electrolytic aluminum, the increase of terminal downstream consumption in the second half of the year may lead to a warmer demand for electrolytic aluminum. The new production capacity of electrolytic aluminum in Yunnan, Inner Mongolia and other places is also expected to be large. It is expected that the operation will be stronger in the later stage, which will bring benefits to the cryolite market demand.

3、 Future forecast

Cryolite product analysts of business agency believe that: at present, cryolite enterprises are operating normally, manufacturers’ inventory is acceptable, and downstream demand is gradually rising. It is expected that the cryolite market will be stable and upward in the future.

According to the price monitoring data of business agency, as of July 30, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11900 yuan / ton, which was basically stable compared with the price on the first day of this month; compared with the price on June 1, the average price increased by 733 yuan / ton, or 6.57%. On July 29, the n-propanol commodity index was 100.63, flat with yesterday, down 0.59% from 101.23 (December 12, 2013), and 27.62% higher than the lowest point of 78.85 on November 05, 2015. (Note: period refers to December 1, 2013 to now)

Raw material support demand can maintain stable operation of n-propanol

At the end of the month, the domestic n-propanol market was stable, and some dealers adjusted their prices according to the narrow inventory. At present, the downstream demand is fair, the overall inventory of n-propanol is low, the market mentality is good, and the business offer is mainly stable. According to the price monitoring data of the business agency, on July 30, the ex factory price of n-propanol purified water in Shandong was around 10500-11000 yuan / ton, the rare high quotation was 11500 yuan / ton, and the barreled packaging was around 11300-11600 yuan / ton; the bulk water in Nanjing was around 10800-11100 yuan / ton. In Nanjing Rongxin Chemical Co., Ltd., the normal operation of n-propanol production unit was normal, and n-propanol was offered to the public for 11000 yuan / T (bulk water), and the price was the same as that at the beginning of the month. Dealers in different regions still have reservation on the price. It is not easy to monitor the price. As a result, the specific negotiation situation may be different. There are differences in each region. The actual negotiation is the main one. The future market needs to wait and see the change of raw material price and shipment.

In terms of raw materials, July is coming to an end. On the end of the month, the ethylene market declined after a small rise, and the overall market fell compared with the beginning of the month, but it was still at a high level compared with the market in the second quarter, which gave support to the cost of n-propanol. At present, on the 28th, the US ethylene market FD US Gulf quoted us $339-357 / T. in recent years, the US ethylene market is mainly volatile consolidation, and the market demand has improved. In the later period, the market change is mainly affected by the small rise of upstream crude oil, which may be dominated by the rise. The market of ethylene in Asia is stable, CFR Northeast Asia offers 795-805 US dollars / ton, CFR Southeast Asia offers 710-720 US dollars / ton, the demand is fair.

In terms of process, there are mainly three methods of n-propanol production, i.e. ethylene carbonyl synthesis, allyl alcohol hydrogenation and isopropanol recovery.

Ethylene carbonyl synthesis method: this process uses ethylene, syngas and hydrogen as raw materials to produce propionaldehyde by low pressure carbonylation synthesis process, and then produces n-propanol by gas phase hydrogenation process, which is the mainstream production process of n-propanol at present.

Allyl alcohol hydrogenation method: allyl alcohol is hydroformylated to form 4-hydroxybutyraldehyde, and then hydrogenated to 1,4-butanediol and by-product n-propanol. The production capacity of n-propanol by this method is small.

Isopropanol recovery method: when propylene is directly hydrated to prepare isopropanol, the by-product is n-propanol, from which n-propanol is recovered. This method is similar to allyl alcohol hydrogenation method, and is also a by-product n-propanol, but the n-propanol recovered by this method is less and the production capacity is smaller.

Each of the three production technologies has its own advantages and disadvantages. The ethylene carbonyl synthesis method is the most advanced production technology of n-propanol in the world, and it is also the mainstream production technology in the world. In fact, the other two methods are in essence n-propanol from other main products, so the production capacity is small and it is not suitable for large-scale industrialization.

The supply and demand is relatively stable, and then the trend is stable

At present, the supply and demand of domestic n-propanol market is relatively balanced, the production and operation are normal, and the cost of domestic n-propanol is improved. It is expected that the market fluctuation will be limited in the short term. The analysts of the n-propanol industry in the business community believe that the domestic n-propanol price is mainly stable in the near future, and the quotation of the secondary market may be adjusted in a narrow range. In the later stage, attention should be paid to the cost of raw materials and the shipping situation.

According to the monitoring of bulk data of business agency, affected by the shortage of market supply, the domestic acetic acid market fluctuated higher in July. As of July 30, the average price of acetic acid in East China was about 2633 yuan / ton, an increase of 12.86% compared with 2333 yuan / ton at the beginning of the month. At present, there are 2600-2650 yuan / ton in Shandong, 2500-2600 yuan / ton in Jiangsu, 2600-2700 yuan / ton in Zhejiang, 2400 yuan / ton in Henan, 2600-2650 yuan / ton in Hebei and 2250 yuan / ton in Northwest China.

Unit capacity (10000 t / a) unit output (T / D)

Yankuang Guotai 110.3000

Hualu Hengsheng: 50.1500, planned to overhaul for 25 days on 8.3

Yangzi BP 50 parking

Jiangsu Sopu 120.3000

Celanese 1200 2000

Jiantao, Hebei, 50.1400

Tianjin Bohua 35 700

Henan Shunda 40.1400

Henan Longyu 50.1500

Henan Yima 25 parking

Shaanxi Yanchang 30.1000

Shanghai Huayi 70.1800

Anhui Huayi 50.1300

Dalian Hengli 35.1100

At the beginning of this month, enterprises in East China and North China gradually reduced the load of inspection and repair. In addition, at the beginning of the month, most enterprises focused on delivery contracts, which led to the shortage of spot supply of acetic acid in East China, and the enterprises raised their prices successively. After the middle of the month, due to the completion of enterprise maintenance and the recovery of production, the supply in the future market was expected to increase, resulting in certain fluctuations in the market, and the price was small The price of acetic acid rose back to the highest price of 2683 yuan / ton in the month (average price in East China). Near the end of the month, the demand of downstream market slowed down and the market transaction was light. Some enterprises lowered the price to reduce the follow-up inventory, with a drop of about 50 yuan / ton.

In terms of upstream market and tourism market, methanol market fluctuated downward, maintenance enterprises in Northwest China gradually recovered, enterprises and port inventory increased, spot price of methanol continued to decline, at present, about 1622 yuan / ton. On the downstream side, the prices of vinyl acetate, acetate and other downstream industries of acetic acid are firm due to the high level of raw materials, but the overall market start-up is not high, the demand is flat, the price support for acetic acid is insufficient, and the downturn in the terminal market leads to the situation of oversupply in the industry; the PTA market put into operation new equipment in July, the terminal demand is weak, the supply increases, the inventory is high, the fundamentals are under negative pressure, and the price shocks Swing down, the end of the end of the cost support and terminal demand bargain purchase, tail showed a small recovery.

In terms of the international market, the performance of the Asian acetic acid market as a whole is fair due to the strong price in China, and the current quotation is about 300-360 US dollars / ton; the European market is generally stable, and the demand for acetic acid is fair, which is about 540 euro / T; the North American market is slightly driven by the Asian market, with the current price of about 455 US dollars / ton.

The acetic acid analysts of the business club believe that the current domestic acetic acid market is at a high level and weak. In early August, Yangtze BP will restart, the spot supply of the market is stable, and the downstream acetate Market has a certain loss. The overall stock in July is relatively sufficient, the market transaction is flat, and the operators are obviously bearish on the acetic acid market. Hualu Hengsheng plans to start a 25 day overhaul on August 3, which may lead to the market There was some fluctuation in supply. The acetic acid market is expected to be stable and soft in a short period of time. Pay attention to whether the enterprise maintenance can provide good support.