According to the data monitoring of business agency, as of June 8, the average price of n-butanol was 5483 yuan / ton (including tax). Compared with the beginning of June, it was reduced by 100 yuan / ton, down 1.80%, and increased by 500 yuan / ton, up 10.07% compared with the beginning of May.

In May, the market situation of domestic n-butanol was generally good. After labor day, the price of raw material propylene rose, the support of n-butanol cost was strengthened, and the inventory of suppliers was low. Driven by the cost, the quotation of n-butanol market gradually rose. In the middle of May, the start-up load of downstream butyl increased, the demand for n-butanol increased, the purchasing atmosphere in the downstream increased again, the replenishment was positive, and the price rose strongly. As of May 15, according to the data monitoring of the business agency, the average ex factory price of n-butanol in China is 5483 yuan / ton, up about 520 yuan / ton or 10.04% compared with May 1. In the following week, it was heard that the restart time of Northwest n-butanol plant was delayed, confidence in the downstream was boosted, the price of raw material propylene continued to rise, the cost continued to be strongly supported, and the overall market price rose again. As of the 25th, according to the data monitoring of the business agency, The average ex factory price of n-butanol in China is 5666 yuan / ton, up about 700 yuan / ton, or 14.09% compared with May 1. Subsequently, the market maintained stable operation as a whole, until 28, affected by the decline of raw material propylene, the n-butanol market stalled, and some factory quotations fell slightly. By the end of 31 days, according to the data monitoring of business agency, the average ex factory price of domestic n-butanol was 5633 yuan / ton, up 667 yuan / ton, or 13.42% compared with May 1.

Since the beginning of June, the market of domestic n-butanol has been generally stable, with a slight decline. In the first three days, the market has been generally stable, with downstream purchases on demand and general market transactions. On April 4, due to the excessive inventory in some areas of n-butanol, the factory delivered the goods at a profit, and the market price of n-butanol decreased by 50-100 yuan / ton. Then, the market of n-butanol did not continue to decline, and the increase of propylene still gave cost support. Until the weekend, the market of n-butanol remained stable, and the manufacturer mainly handed in the bill, and the downstream just needed replenishment. On August 8, the external sales of some butanol factories increased, the downstream wait-and-see mood was heavy, the trading atmosphere turned weak, and the market quotation slightly fell.

As of June 8, according to the data monitoring of the business agency, the average ex factory price of domestic n-butanol was 5466 yuan / ton, down 100 yuan / ton, or 0.60% compared with June 1. Compared with May 1, it increased 567 yuan / ton, or 11.41%, with the maximum amplitude of 11.41%.

On the upstream side, Shandong propylene price fell back after rising in May, and began to rise again at the end of the month. In June, the domestic propylene (Shandong) market price rose steadily this week and then stabilized. On the first day, the price of propylene continued the upward trend on Sunday, with a slight increase of about 50 yuan / ton. On the second day, the price rose again by about 100 yuan / ton. On the third day, it continued to rise by 100 yuan / ton, and on the fourth day, it slightly increased by 50 yuan / ton. From May to July, the price of some enterprises remained stable. On August 8, the price of some enterprises declined slightly. Now, the market turnover is between 6850-7000 yuan / ton, and the mainstream price is about 6850 yuan / ton.

According to the analysts of n-butanol in business club, it is heard that the number of n-butanol factories returning to work increased in mid June, and the output increased accordingly. In addition to the contract users, the sales orders may increase, which may cause more wait-and-see mood in the downstream, and affect the purchasing atmosphere. However, the market just needs to remain, and it is expected that the rise of n-butanol in the future is weak or has been consolidated.

On June 9, the sulfur commodity index was 34.02, up 3.48 points from yesterday, down 67.24% from 103.84 (2011-11-02), the highest point in the cycle, and up 31.91% from 25.79, the lowest point on February 24, 2020. (Note: cycle refers to 2011-09-01 to now)

According to the price monitoring of the business agency, on September 9, the domestic sulfur market quotation was raised as a whole, and the sulfur production price in East China was 620 yuan / ton, an increase of 11.38% per day. On Tuesday, refineries in various regions adjusted their prices according to their own shipments. The price of sulfur in East China of Sinopec increased by 20-30 yuan / ton, the price of solid sulfur by 590-680 yuan / ton and the price of liquid sulfur by 530-650 yuan / ton. The price of solid and liquid sulfur in North China of Sinopec increased by 30 yuan / ton simultaneously. The price of sulfur in Shandong of Sinopec increased by 80-90 yuan / ton and the price of solid sulfur by 630-640 yuan/ Tons.

At present, the domestic sulfur stock is low, the supply is reduced, and the market quotation is stable and upward. In the downstream, the factory mainly purchases on demand, and the export performance of phosphate fertilizer is acceptable. In the short term, the market lacks the guidance of substantive information, and the delivery and investment are cautious. The industry mainly waits for the performance of domestic fertilizer consumption in the later autumn.

Future market forecast: it is expected that the domestic sulfur market will stay on the sidelines in the short term.

On Monday, June 8, Beijing time, the U.S. WTI crude oil and Brent crude oil prices in the day exceeded $40 / barrel and $43 / barrel respectively. Previously, since April 22, the international oil price has been in the upward cycle for six consecutive weeks, and WTI has increased by more than 200%. Why is the price of oil advancing with great momentum under the background of the pressure of supply and demand and the fact that the epidemic has not been completely controlled?

To make this clear, first of all, we have to start with the production reduction policy of the OPEC + oil production alliance led by Saudi Arabia and Russia. Undoubtedly, the active production reduction of oil producing countries has contributed indelible power to the “recovery from the dead” of oil prices. OPEC + cut production by a record 9.7 million barrels per day in May, a record that had been set until the end of June. However, on July 7, at the OPEC + ministerial video conference, the market was reassured by the results, and OPEC agreed to extend the measures to reduce production by 9.7 million barrels / day for one month until the end of July. At the same time, countries that fail to achieve a 100% reduction in production between May and June will need to compensate between July and September. Oil prices did not disappoint oil producing countries, and prices rose by waves. Obviously, in the face of balancing the new supply and demand pattern of the oil market, OPEC + has the best credit. Coincidentally, on June 7, it was reported that Saudi Arabia increased its crude oil export price significantly to warm up the oil market. Since June 7, Saudi Arabia’s official price of various crude oil exports from various regions has increased significantly. Saudi Aramco raised the price of all grades of crude oil to Asia by $5.60- $7.30 per barrel in July. OPEC + oil producing countries cut production for a record period of time, Saudi Arabia’s crude oil export price increased, many factors pushed the crude oil price to above $40.

The supply of global oil market is decreasing, and the problem of exhausted storage capacity is not a problem. The “sword of Damocles” that hung above the head of the world’s oil price has been removed. The latest U.S. inventory data also encouraged market confidence again. The EIA released data showing that the inventory of crude oil depots decreased by 2077000 barrels in the week of May 29, with a previous increase of 7.928 million barrels and an expected increase of 3.038 million barrels. In addition, the level of active drilling rigs in the United States continues to decline, Baker Hughes) last Friday reported that in the week of June 7, the number of oil and gas drilling platforms in the United States fell by 17 again, to 284, a total decrease of 691 compared with the same period last year, which is also the lowest record this year. As a result, the data showed that the oil production in the United States fell again, with an average of 11.2 million barrels / day in the week to May 29, down 1.9 million barrels / day compared with the highest level in history, compared with the same period last year Down 200000 barrels / day. This is the ninth consecutive week of decline in production. The decline in US crude oil production has also contributed to the rise in oil prices.

In addition to the positive supply side, the significant positive non-agricultural data of the United States in May ignited the market enthusiasm. Facts have proved that the demand side of crude oil is also improving. Although the current epidemic is not completely controlled, the pace of economic restart in the world has not stopped. Especially in Europe and the United States, the restrictions are gradually lifted, and the fuel demand is obviously picking up, which provides a strong support for oil prices 。 In addition, China’s demand growth is particularly eye-catching. The latest data shows that China’s crude oil import in May broke the historical record. China’s crude oil import in May increased by 15% compared with April, reaching 47.97 million tons. That’s 11.34 million barrels a day, up 15% from April, the largest monthly import volume on record. With the operation of domestic enterprises gradually returning to normal, China’s manufacturing production has rebounded for three consecutive months month on month. It can be said that the strong recovery after China’s economic epidemic has also opened up some demand for the global oil market.

Although the oil price continues to rise, like a runaway wild horse, in addition to the improvement of the supply and demand side, it also does not exclude the factors of market speculation. Maybe WTI is at the threshold of $40, and will continue to be tested later. In addition, there are some worries about the rise of oil prices. In addition to the impact of the epidemic, although there are data indicating the decline of crude oil inventory in the United States, there is a sharp increase in refined oil products. EIA data shows that in the recent week, the gasoline inventory in the United States increased by 2.796 million barrels, with a previous value of 724000 barrels, with an expected increase of 1 million barrels; refined oil inventory increased by 9.935 million barrels, with a previous value of 5.495 million barrels, with an expected increase With an increase of 2.686 million barrels, it can be seen that the increase of refined oil storage is more than expected, indicating that the current demand is still not optimistic, which will also become a stumbling block for the further rise of oil prices. On the whole, oil prices may be more volatile in the near future, not excluding the possibility of short-term price correction.

According to the data monitoring of the business agency: in June, the demand for hydrogen peroxide terminals improved, gradually getting rid of the depressed market in May, and the price rose by 3% at the beginning of the month. On June 8, the hydrogen peroxide terminal concentrated its efforts, with the average ex factory price of 856 yuan / ton, 10.3% higher than that at the beginning of the month, and 7.53% higher per day.

Terminal demand downturn hydrogen peroxide fell for 4 months in the first half of 2020

According to the monthly rise and fall chart of hydrogen peroxide of the business club, after the surge of 25.36% in October 2019, hydrogen peroxide began to enter the downward channel, and the price continued to decline. In 2020, except for January, the overall price rose by 0.9% and fell for four months in a row. In February and April, the price dropped by more than 10%, even close to 20%.

In the first half of 2019 and the first half of 2020, it is the opposite. It has been rising for four months in a row. In three months, it has increased by more than 10% and the highest by more than 20%. In 2019, the price of hydrogen peroxide rose for three months, mainly because the price of downstream caprolactam continued to rise. In addition, the export volume of some plates was good, the purchase volume of hydrogen peroxide increased, the terminal demand was supported, the hydrogen peroxide manufacturers were confident in the price and the price rose all the way.

In 2020, after the Spring Festival, the hydrogen peroxide terminal papermaking and printing industry is in a recession, and hydrogen peroxide manufacturers have started to work one after another, with loose supply and falling prices. Since April, the export orders of downstream products, such as bleached boards, have declined, and the price rise is hopeless, continuing to decline. As of April 30, hydrogen peroxide was 28.66% lower than that at the beginning of February, and caprolactam was 24.04% lower than that at the beginning of February.

After May 1, the price of terminal caprolactam products soared, the purchase demand turned warm, and the price of hydrogen peroxide rebounded. Due to the relatively loose supply, the price rose and then fell.

Terminal manufacturers focus on purchasing hydrogen peroxide in June

In May, the paper market ended its decline and ushered in an improvement, with a monthly increase of 1.83%, and the hexanolenediamine market rose. At the beginning of June, the terminal started the stock market, all efforts were made, caprolactam manufacturers centralized procurement, sulfur dioxide urea customers increased purchase orders, Chenming paper industry, Cangzhou Xuyang one after another procurement, rigid demand increased. In addition, on June 9, the hydrogen peroxide manufacturers in Dezhou real Chemical Co., Ltd. shut down for maintenance, with tight supply and favorable support, and the hydrogen peroxide manufacturers raised their prices one after another.

On June 8, the price of hydrogen peroxide rose one after another. The price of 27.5% hydrogen peroxide of Luxi Chemical Industry was 780 yuan / ton, 60 yuan / ton higher than that of last week; the price of 27.5% hydrogen peroxide of Hebei Zhengyuan fertilizer industry was 850 yuan / ton, 100 yuan / ton higher; the price of 27.5% hydrogen peroxide of Anhui Quansheng was 980 yuan / ton, 80 yuan / ton higher.

Bearish still in the hydrogen peroxide boom space is still limited

Li Bing, an analyst of hydrogen peroxide in business club, believes that in the short term, manufacturers will shut down for maintenance, supply is tight, the terminal market will gradually pick up, and the price of hydrogen peroxide will still rise slightly. As the price of hydrogen peroxide terminal caprolactam is at a high level, the paper market is rising slightly, and the paper printing industry has not ushered in a real period of big rise. Hydrogen peroxide is still a flash in the pan this time, and the momentum is insufficient.

Bisphenol a market continues to rise. According to the monitoring of the business agency, the market offer was 8800 yuan / ton on May 5, 12250 yuan / ton on June 8. After the May Day holiday, the market of bisphenol A has risen 39.2% in total. Under the pressure of cost, the construction of bisphenol a plant has been reduced, and the price of the factory’s license plate continues to push up.

The listing price of BPA plant has been greatly increased. According to the monitoring of business agency, the price adjustment of domestic mainstream BPA plants is as follows:

From the cost point of view, phenol and acetone showed an overall upward trend, especially after two months of sharp rise in acetone, and now the offer is equivalent to BPA. Up to now, phenol offers 7600-8000 yuan / ton, and acetone offers 12000-12300 yuan / ton. Therefore, the theoretical cost range of BPA plant is (9852-10280) + 2000 = 11852-12280 yuan / ton, and most of the plants are near the profit and loss line.

As can be seen from the above figure, the bisphenol a market has risen sharply in recent two months, especially the acetone market, which has risen from 4000 yuan / ton to 12000 yuan / ton. At present, the market is in short supply, the inflection point of the market is not visible, and the short-term acetone market is stable. Another important raw material phenol, the market opened on June 8, the factory pushed up sharply, the market mentality was strongly supported, the reluctance to sell was obvious, the traders mostly covered the offer but did not report, and the actual offer was as high as 8000 yuan / ton.

Downstream liquid epoxy resin and PC rose. The downstream liquid epoxy resin operates at a high level as a whole, the terminal wind power industry is developing well, the enterprise’s operating rate is running at a high level, and the mainstream negotiation of the epoxy resin market operates at a high level of 20000-20500 yuan / ton. In terms of PC, according to the monitoring of the business agency, it increased from 12300 yuan / ton on May 8 to 14500 yuan / ton on June 8, with a monthly increase of 17.89%.

In the view of the business community, the cost of raw materials is strongly supported, the listing of the factory is actively increased, and the market offer is obviously pushed up, but the terminal offer is not optimistic. The downstream just needs to purchase. It is expected that the short-term BPA market will run at a high level, or continue to push up in a narrow range. The market offer reference is 12500-12800 yuan / ton.

According to the monitoring data of the business agency, on May 31, the acetone market in East China reported 9000 yuan / ton. On the first day of June, the market situation was still affected by various positive and negative aspects. More people were still skeptical about the breaking of acetone. As a result, the acetone rose by 10% in three days. Looking back on the history of nearly ten years, the market was once close to 10000 yuan in the fourth quarter of 2013 and breaking of 10000 yuan in 2011 。 As of June 3, the closing price of East China market was 10200 yuan / ton, South China market was 9900-10100 yuan / ton, and North China market was 10250-10500 yuan / ton.

Average price trend of acetone in East China in the past month

On March 3, major domestic mainstream factories actively adjusted prices, and the market once again pushed up more than 10000 yuan. Sinopec North China (Yanshan Petrochemical and Zhongsha Tianjin) reported an increase of 400 yuan / ton for 9300 yuan / ton, Shanghai Gaoqiao and Sinopec Mitsui increased 450 yuan / ton for 9200 yuan / ton, Yangzhou Shiyou increased 300 yuan / ton for 9600 yuan / ton, Lihua yiweiyuan increased 400 yuan / ton for 9600 yuan / ton, Huizhou Zhongxin increased 1000 yuan / ton for 9800 yuan / ton. The market has reached a state where one product is hard to get. The price range is 9900-10500 yuan / ton. The goods holders are reluctant to sell. It is clear that there are few offer traders. There are still factories in the downstream who actively follow the inquiry for replenishment.

Although the current profits of phenol and ketone enterprises are quite high, which is expected to be 3500-4000 yuan / ton, the rising cost still plays a supporting role. First, the price of pure benzene increased by 50 yuan / ton in a narrow range, and the market negotiation was 3500-3630 yuan / ton. The price of propylene, another raw material, rose significantly in Shandong. On June 1, the price of propylene continued to rise by about 50 yuan / ton on Sunday. On June 2, the price rose again by about 100 yuan / ton, and on March 3, it continued to rise by 100 yuan / ton. Now, the market transaction has reached 6800-6950 yuan / ton, and the mainstream price is about 6800 yuan / ton , the market supply is still free of pressure, the price is expected to continue to rise, and the rising cost is a strong support for the acetone market.

The market of downstream BPA has increased significantly. The factory has raised the listing price by 600-1000 yuan / ton for many times in a row. Many factories have been listed to 12000 yuan / ton. Some factories have suspended the offer and no goods have been sent out. The negotiation of BPA in East China has reached 11300-11500 yuan / ton. Under the cost pressure, BPA has increased significantly in the near future, and the downstream conflict is obvious. The purchasing enthusiasm is also decreasing, and the transaction situation is poor. The other important downstream isopropanol plants are mostly contract orders, and the overall production cost is still controllable. The overseas orders are arranged to the end of June, and the plants mainly produce as planned.

In the view of the business community, the acetone market has been positive and frequent in the past two months. The downstream demand for bisphenol A and isopropanol has continued to be good. Other downstream companies also have replenishment in the face of losses. Under the current tight supply of goods in the market, the enterprise overhauls. The supply of goods in the market is rare. The terminal keeps up with the increase in replenishment, and the transaction is OK. It is estimated that the acetone market is still at a high level in the short term, and the market negotiation is over 10500 yuan / ton.

In May 2020, the domestic BDO market continued to decline and the market focus continued to move down. According to the sample data monitored by the business association, the BDO price at the beginning of the month was 9240 yuan / ton, and the BDO price at the end of the month was 8366 yuan / ton, down 9.36% in the month. The price is 6.00% lower than the same period last year.

This month, the focus of domestic BDO market continued to decline. The beginning of the month coincides with the May Day holiday. The downstream mainly digests the early inventory and stores a small amount of stock on the site. Kaixiang restarts a set of devices, which increases the supply of spot goods. The factory’s inventory is still overstocked in the middle and upper reaches, and it is heard that the strength of spot goods and contract rebate is greatly increased compared with that before. In the middle and lower reaches, Xiaoxing chemical, the main plant of PTMEG, stopped for maintenance, while PBT load dropped to 30-40%, the overall consumption of BDO in the lower reaches was limited, and the buyer pressed the price significantly. On June 16, an industry meeting was held. In order to reduce the inventory pressure, many factories, such as Merck, Cathay Pacific, Panjin, etc., planned to stop for maintenance in June to stimulate the downstream to buy gas. However, the downstream still chose to follow up as needed without obvious intention to make up positions. The mode of combining contract with spot was selected for procurement, and the focus of negotiation was still low. At the end of the month, as the price of raw calcium carbide continues to rise, BDO’s production profit changes from profit to loss, and the supplier’s interest intention is weakened. On May 26-27, MEC, Tunhe, Henan energy, Shaanxi chemical industry and Tianye announced the settlement in May and listing in June, of which the listing decreased by 400 yuan / ton compared with that in May.

In terms of devices, Henan hecian planned to restart in June; Dongyuan, Ronghe and Kaixiang planned to stop, and the restart time was not determined; Henan Kaixiang two sets of devices were in full load operation; Xinjiang Xinye 60000t / a device was in shutdown for maintenance, and it was planned to restart by the end of June; Ningxia Sinopec Great Wall load was 50%; Shaanxi Shaanxi Shaanxi chemical load was 70%, and it was planned to overhaul in early July; Shaanxi black cat load was 50%, and it was planned to shutdown for maintenance in June; Tianye phase I, May 18 For vehicle maintenance, it is expected to restart in the middle of June, and the restart time of other devices is unknown; Panjin Dalian stock maintenance plan in June; Guotai load 50%, heard the stock maintenance plan in June; MEC load 50%, and the whole line will be shut down for maintenance from June 3 to June 30.

Raw materials: methanol: the overall methanol price in the northwest of this month shows a downward trend, and the transaction atmosphere is first to be improved and then to be suppressed. In the first week after the festival, with the support of macro news such as the surge of international crude oil, the mentality of upstream factories was strong, and the main factories such as Rongxin and Xinao stopped selling one after another. Shenhua Ningmei’s 1 million tons of methanol were overhauled on schedule and a small amount of methanol was produced outside. The demand side was well supported. In the middle of June, with the continuous fermentation of Baofeng phase II 2.2 million methanol feeding test run and other news, the transaction atmosphere in various regions in the Northwest has been weakened, and most of the industry has left the market to wait and see. In the last ten days of the month, the price of upstream factories fell broadly under the demand of shipment, and downstream and traders actively sought for bargains and replenishment.

Calcium carbide: this month, the market of calcium carbide went up. In May, the overall price was increased by 400-450 yuan / ton. At present, the main transaction price in Wuhai is 2650 yuan / ton. The overall delivery in Northwest China is smooth, and the downstream procurement is active. Affected by the price callback, the recent operating rate has increased and the supply has begun to increase. In the early stage of Ningxia, the calcium carbide devices shut down have been electrified, and the supply is expected to continue to increase. At present, the market trade price is hanging upside down, resulting in the lack of power for the factory price to keep rising. In June, the maintenance of downstream PVC and paste resin enterprises gradually increased, and the market entered the stage of supply and demand game.

In the downstream, the main downstream PTMEG: most of the BDO supporting PTMEG units have been started and maintained at 70-80%. In the BDO plant of outsourcing: Hangzhou Sanlong low negative operation; Xiaoxing chemical industry stopped for maintenance on May 18, which is estimated to be about 15 days, depending on the maintenance situation. Downstream PBT: BDO supporting downstream PBT: Meizhou Bay operates normally; Kaixiang is restarted in mid May; Tunhe River load is about 50%. BDO factory: Yizheng Chemical fiber load 60%; Nantong star normal operation; Kanghui one line operation, later or restart another line; Changshu Changchun load 50%; Wuxi Xingsheng low load; Zhejiang Meiyuan, Shandong weijiao parking. About 40% of the PBT industry was started, with limited demand.

According to the price monitoring of the business agency, in May 2020, there were 47 kinds of commodities in the list of commodity prices rising and falling, including 31 kinds of commodities with an increase of more than 5%, accounting for 34.4% of the number of commodities monitored in the plate; the top three commodities were ethylene (69.89%), trichloromethane (67.86%) and crude benzene (24.52%). There are 37 kinds of commodities decreased on a month on month basis, 16 kinds of commodities decreased by more than 5%, accounting for 17.8% of the number of commodities monitored in this sector; the top three products decreased were R134a (- 15.67%), potassium chloride (- 15.14%) and propane (- 11.97%). This month’s average rise and fall was 3.66%..

In the future, at present, BDO’s production profit changes from profit to loss, and the supplier’s mentality of stabilizing the decline increases. Next month, many factories plan to repair to reduce inventory pressure. The demand side gradually warms up with the start of PBT and PTMEG in the main downstream, and the demand may increase. However, considering that BDO still has a certain amount of social inventory, and the downstream demand recovers slowly in a short period of time, BDO analysts predict that the domestic BDO market will continue to decline in the first and middle of next month, but the space is limited; in the last ten days, with the demand side replenishment, the market may stabilize, and pay attention to the downstream construction and device maintenance.

Recently, the market price of light rare earth in China has bottomed out and rebounded. The prices of praseodymium neodymium oxide and praseodymium neodymium alloy have continued to rise, and the market of light rare earth has ushered in “spring”. According to the rare earth sector index of business association, on June 4, the rare earth index was 334 points, up 1 point from yesterday, down 66.60% from the highest 1000 points (2011-12-06) in the cycle, and up 23.25% from the lowest 271 point on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).

As of June 4, the price of praseodymium neodymium oxide in rare earth rose by 1500 yuan / ton to 274500 yuan / ton; the price of praseodymium neodymium alloy rose by 3000 yuan / ton to 345500 yuan / ton, and the price of neodymium oxide and metal neodymium rose to different degrees.

Recently, the demand of domestic rare earth industry is better than before. With the gradual improvement of European and American economy, the demand of permanent magnet manufacturers is increasing, and the price of praseodymium neodymium rare earth continues to rise, but the market price of light rare earth is still at a low level. The Tariff Commission of the State Council announced the second exclusion list of the second batch of goods subject to us and Canadian tariffs, which mainly includes: rare earth metal ore, silver ore and its concentrate, gold ore, nickel alloy plate / strip / foil, nickel alloy wire, nickel alloy tube, aluminum alloy tube with an outer diameter of no more than 10 cm, titanium tube, nickel cadmium battery, etc. This time, the tariff imposed by the 301 measure against the US will not be added to the rare earth metal ore, and the added tariff will be refunded. It is possible to promote the import of rare earth metal ore, which is a good support for the praseodymium neodymium oxide Market.

Heavy rare earth accounts for a large proportion of annual production in the domestic rare earth collection and storage plan, which is expected to have a greater impact on the supply and demand of heavy rare earth and the price. Considering that the current closure of Myanmar still has a tightening impact on the domestic import and supply of heavy rare earth, once the collection and storage plan is implemented as scheduled, it will have a greater impact on the supply and demand of heavy rare earth dysprosium and terbium and the price rise. In the near future, the market price of heavy rare earth is generally high; in addition, with the resumption of work and production, the market of terminal new energy vehicles has recovered, and the market price of heavy rare earth remains high.

According to the notice on the docking and implementation of preferential policies for rare earth enterprises issued by the Ministry of information technology, the rare earth office entrusted China Nonferrous Metals Industry Association and China Rare Earth Industry Association to sort out and summarize the policy documents suitable for rare earth enterprises’ application, forming the compilation of relevant supporting policies for the resumption of rare earth industry. The policy is favorable to support the development of rare earth industry, while the relationship between China and the United States is somewhat loose. The key products of rare earth trade between China and the United States are of great significance. The national policy is conducive to the balance of supply and demand of rare earth industry. In the near future, the supply of rare earth market is normal, the demand is slightly higher, and the light rare earth market is gradually picking up.

Recently, the domestic demand for rare earth is higher than before. In addition, the supply of medium heavy rare earth market is still tight. Analysts of business agency expect that the market price of rare earth in the later period will continue to rise slightly.

The domestic BDO market continued to decline. According to the sample data monitored by the business agency, the domestic BDO market price at the beginning of the week was 8280 yuan / ton, and the average domestic BDO market price at the end of the week was 8260 yuan / ton, with a decline of 0.24% in the week, 10.61% on month, 8.02% on year.

The domestic BDO market continued to decline this week. At present, most of the factories are in a state of loss, and the willingness of suppliers to let profits weakens. At the same time, the whole line of Meike will be shut down for maintenance from June 3, which is expected to end on June 30; Cathay Pacific plans to shut down for maintenance from June 5, and the market supply may decrease, which to some extent supports the factory to continue to support the market. However, the market finally returns to the demand side. In addition to the improvement of TPU start-up, the demand for the main PTMEG plant – Xiaoxing maintenance needs to be restored. There is no obvious fluctuation in other downstream industries, which is still low load start-up. Although the current market price is relatively low, and some of the downstream stock intention slightly increased compared with the previous period, the price depression still exists. Considering the limited stimulation of parking maintenance on downstream demand, the early inventory is difficult to digest in a short period of time, some manufacturers actively negotiate and clear the inventory, reduce the high-end supply, increase the low-end supply, and continue to focus on the weak downward to promote the single transaction.

In terms of devices, this week, MEC will stop for maintenance from June 3 to June 30; Tianye phase I 30000 ton device will stop for maintenance on May 18, which is expected to restart in the middle of June, and the restart time of other devices is uncertain; Guotai load is 50%, which is planned to stop for maintenance from June 5; black cat load is 50%, which is planned for maintenance in June; Panjin Dalian will keep maintenance plan in June, which is uncertain.

In terms of raw materials, methanol market in Northwest China this week showed a downward trend as a whole. The second phase methanol plant of Baofeng in Ningxia successively produced products, which will not be exported this week. However, the 600000 ton olefin plant of Shenhua Yulin resumed production as scheduled, and the demand gap for normal procurement in this week will be eliminated. New Austria, Rongxin and other major factories have stopped selling, and new orders are relatively smooth. At the beginning of the week, the factory shipment in Guanzhong area was blocked. After the strong rebound of Zhouzhong futures, some traders came into the market loose, and Baoji area saw a narrow push up. The delivery atmosphere in Xinjiang is acceptable. The main factory in Xinjiang Xinye methanol plant has continued maintenance, and the mainstream price is strong under the support of low supply.

Calcium carbide: this week, the domestic calcium carbide market remained stable as a whole. Affected by the uneven regional arrival, some purchasing enterprises raised the ex factory price. The overall delivery of goods in Northwest China is smooth, but the recent trade enthusiasm has been weakened, increasing the market wait-and-see. In May, the calcium carbide market was raised by 450 yuan / ton as a whole, the market loss was reversed, and the overall enthusiasm for commencement increased. At present, the market is cautious to watch the downstream pressing situation. In the near future, Tangshan Sanyou, Lutai chemical, Dezhou Shihua PVC maintenance or planned maintenance are expected to resume procurement in succession next week, and the downstream stock recovery situation becomes the focus of attention.

Downstream demand: PBT: Kaixiang and Meizhouwan units are in normal operation; Meiyuan and Shandong weijiao are in parking; one Kanghui line is in operation, and another line will be opened later or later; Yizheng Chemical fiber load is about 60%, a 60000 ton production line is planned to be overhauled in July; Wuxi Xingsheng load is 50%; Tunhe unit current load is 50%; Changshu Changchun load is 50%. PTMEG: supporting PTMEG load is about 60%. Outsourcing plant: Xiaoxing will stop for maintenance on May 18, with an estimated 15 days; Sanlong’s load has increased. Other downstream: 50% of GBL industry’s negative load; 50% of Pu slurry load; about 70-80% of TPU current load; PBAT’s start-up is relatively stable.

At present, with the parking maintenance of Merck and other companies, the market starts to decline, and the supply side is certainly good, supporting the factory’s price keeping mentality. At the same time, the profit space has been greatly narrowed, and the willingness of suppliers to let profits has been weakened. The downstream market continued to slump, and some industries recovered slowly in the medium and short term. At present, social inventory is still overstocked in the upper and middle reaches, and active promotion is still the key work, but there is limited space for profit. BDO analysts predict that the weak domestic BDO market will be dominated by stalemate next week, focusing on the guidance of the weekend industry meeting.

According to the data of business agency: on June 1, the weekly average price of domestic industrial grade formic acid was 2000 yuan / ton. As of June 5, the weekly average price of domestic industrial grade formic acid was 1933.33 yuan / ton, a decrease of 3.33%. This week, the formic acid market was mainly weak and stable.

2、 Market analysis

This week, the domestic industrial grade 85% formic acid market as a whole showed a weak trend of maintaining stability. After foreign trade export restrictions, the domestic spot inventory was sufficient, and some manufacturers lowered their prices. At present, the market demand for formic acid is general, and the unit delivery is normal. Price: this week, the price of industrial barreled water is generally around 2192 yuan / ton, and the factory price of main industrial purified water of formic acid is about 2000 yuan / ton. As of Friday (June 5), Jinzhou jinhongda Chemical Co., Ltd. has quoted 1950 yuan / ton; Zibo Pulis Chemical Co., Ltd. 1550 yuan / ton; Zhangzhou Sanan Chemical Co., Ltd. 1550 yuan / ton; Luxi Chemical Co., Ltd. 1750 yuan / ton; Hangzhou Fengchang Trade Co., Ltd. 85% formic acid industrial barrel price 2300 yuan / ton.

The mainstream of the liquid ammonia Market of the upstream product of formic acid is stable, moderate and narrow adjustment, and the prices of some regions are slightly increased, so the market demand is acceptable. The domestic caustic soda market fluctuates in a narrow range. The ex factory price of some manufacturers is increased by 10-20 yuan / ton. The downstream is mostly purchased on demand. It is expected that the market will fluctuate in a narrow range in the later period. In the second half of the week, the market was basically stable, with general market demand. Upstream products have no good support for formic acid cost. The demand for formic acid in the downstream leather and pesticide industries is relatively stable and the sales situation is general.

3、 Future forecast

According to the formic acid data division of the business association, the domestic industrial grade formic acid market as a whole maintains a weak stability. The upstream products are in weak operation, the formic acid price has no good support, and the downstream demand is general. The formic acid market is expected to be stable in the short term.