Market price: since the middle of May, the acetone market has maintained a high level of operation. According to the monitoring data of the business agency, up to now, the offer of acetone for mainstream factories in East China is 8000 yuan / ton, 8100 yuan / ton for mainstream factories in North China and 8400 yuan / ton for factories in Shandong. The current offer of mainstream markets: 8300-8400 yuan / ton for mainstream factories in East China, surrounding areas of Yanshan and Shandong offers 8400-8500 yuan / ton. Looking back on history, on February 10, 2017, the market price of acetone in East China was about 8200-8300 yuan / ton, the market price of acetone around Yanshan was about 8300-8350 yuan / ton, and the negotiation price in South China was about 8300-8400 yuan / ton.

Trend of ex factory prices in East China in 2017-2020

National market price trend in recent three months

First, the port supply is tight, and the acetone market keeps pushing up. Last week, the port inventory went down to 7000 tons, and the imported goods were unable to be unloaded due to the congestion of arrival at the port. The supply of acetone for imported goods was once tight. In addition, the Tianjin acetone plant in Zhongsha was shut down for maintenance for two months, and 70% of Yangzhou Shiyou plant was in operation, with the market average operating rate of less than 80%, while the terminal rose rapidly. With the support of the mentality of the cargo supplier, the port reported a high price boldly, and those with a small amount of inventory were reluctant to sell, market reported The offer is firm and strong, and the supply of low-cost goods is hard to find. The market has risen to more than 8000 yuan, and the offer in East China has retreated to 8400 yuan / ton.

Second, the raw material market keeps rising, with strong cost support. In terms of pure benzene, the listing price of the manufacturers is 150 yuan / ton. In terms of market, the listing price of pure benzene is 3100-3550 yuan / ton on May 9, and 3100-3600 yuan / ton on Sunday (May 17), an increase of 1.22%. In terms of propylene, the domestic market price of propylene (Shandong) rose unilaterally, with the initial weekly price of 6332 yuan / ton and the weekend price of 6657 yuan / ton, with a weekly increase of 5.13%.

Third, the differentiation of terminal demand products is obvious. The start-up of bisphenol A enterprises was stable, with the overall start-up of 60-70%. Sinopec Mitsubishi 180000 T / a plant was shut down on the 5th, and keschuang 410000 T / a plant was shut down last week; the start-up of isopropanol plant remained high, and the isopropanol plant experienced a second rise due to the upward impact of raw acetone, and the offer again exceeded 10000 yuan. MMA rose significantly, and overall good trading just needed to buy high priced acetone market. However, MIBK market has been greatly impacted. In the face of high price acetone market, enterprises have reduced their start-up and even stopped production. By the end of last week, the start-up rate of MIBK plant has declined significantly, and there are few start-up enterprises.

Future market forecast: the port will unload at the weekend, and the port inventory will be replenished appropriately. At present, the port inventory is over 10000 tons, and the shipping willingness of high-level cargo holders is enhanced. There is no shortage of low-cost acetone offers in Jiangsu and Ningbo, with a slight downward offer of 8250-8350 yuan / ton. However, Sinopec in North China raised its offer by 100 yuan / ton. The local market is strongly supported, and the market offer remains high at 8400-8500 yuan / ton , the offer of Shandong area is kept at 8400 yuan / ton in line with the listing of lihuayi Weiyuan. It is predicted by the business agency that the current acetone market has limited high-level downstream follow-up, and there are still imported goods coming to Hong Kong in the near future. It is expected that the acetone market in East China will still maintain a slight callback market above 8000 yuan / ton, and it is expected that the market in East China will offer 8150-8250 yuan / ton.

According to the price monitoring of the business agency, the spot market price of PTA in China continued to rise slightly. On May 18, the average market price was 3493 yuan / ton, up 1.68% compared with the previous trading day, down 43.40% year on year. The main futures in the futures market (2009) rose in shock to close at 3606, up 66% or 1.86% from the previous trading day. Driven by crude oil, the current PTA price is warm, and spot transactions are dominated by traders and suppliers, with a good buying atmosphere.

In terms of supply, PTA production capacity was put into operation at the beginning of the year with high start-up rate. Weekly production reached a new high in recent years, and social inventory is now around 3.5 million tons. At present, the start-up load of the unit is maintained at a high level near 92%. The 400000 ton PTA plant of Shanghai Jinshan Petrochemical Co., Ltd. has been shut down for maintenance in the morning on May 18, with a planned maintenance period of 28 days. Hainan Yisheng 2 million ton plant is planned to be shut down for 12-15 days on June 5. Of course, it does not rule out the possibility of accidental maintenance and parking.

Enterprise name capacity device change

Liwan polyester 70 shut down on April 30, restart to be determined

Hanbang Petrochemical Co., Ltd. reduced maintenance on May 9, 2006

Tianjin Petrochemical Co., Ltd. shut down for maintenance on April 17, and restart to be determined

Pengwei Petrochemical Co., Ltd. stopped at night on March 9 and planned to restart in July

Shanghai Petrochemical Co., Ltd. will stop for maintenance in the morning on May 18, with a planned maintenance period of 28 days

Hainan Yisheng 200 plans to stop for maintenance for 12-15 days on June 5

The downstream polyester plant unit restart and maintenance coexist, among which about 450000 tons of polyester units of Shanghai Petrochemical and Rongsheng are expected to be overhauled, and about 100000 tons of polyester units of Tianjin Petrochemical are expected to be restarted, with the start-up around 84%. In terms of price, affected by the boost of raw materials, the market price of polyester is stable and rising. In the afternoon, some polyester factories in Jiangsu and Zhejiang increased by 100-200 yuan / ton. Downstream weaving and texturing enterprises are preparing goods one after another, and the comprehensive start-up rate has been raised to a higher level of 51%.

The terminal textile market, although the current textile market is still in the off-season as a whole, but the recent domestic market shows signs of improvement, inventory consumption. Recently, the domestic and foreign textile orders have improved. Bangladesh, Myanmar, Cambodia and Vietnam have resumed production. In early May, the government of Bangladesh decided to restart more than 2000 textile factories. Up to now, nearly half of the garment factories in Bangladesh have gradually resumed work. With the deepening of the resumption of work, a large number of foreign trade orders will also be a high probability event.

Xia Ting, a business analyst, believes that in the short term, crude oil rebounded strongly, but there is still a risk of weakness. PTA device maintenance is expected to increase, and overlay terminal enterprises are returning to work one after another. There is a possibility of improvement in supply and demand, and substantial recovery needs to be observed. PTA market is expected to fluctuate in the short term.

1、 Price trend

According to the data monitored by the business agency, the domestic PP market in the first half of May fluctuated, with different brand materials rising and falling. Among them, fiber material has a certain callback. As of May 15, the main quoted price of Z30S (fiber) from domestic producers and traders was about 7883.33 yuan / ton, a decrease of 7.25% compared with the average price at the beginning of the month. However, the adjustment range of wire drawing materials is narrow. The main offer price of T30S is about 7533.33 yuan / ton, slightly lower than the average price level at the beginning of the month by 0.44%.

2、 Cause analysis

Upstream: the domestic propylene market price rose steadily in the first half of May. Last month, Shandong propylene price experienced a sharp rise and fall after holding steady again, after the market steady on the main actor. Recently, influenced by the international situation, the international crude oil price rose significantly at the beginning of the month. Now, the crude oil still rose, but the trend slowed down. Influenced by the international events on August 8, the crude oil rose significantly again, which had a certain positive impact on the future market of propylene. During the May 1st period, the price of propylene increased slightly, and then the price rose about 50 yuan / ton every day. In addition, the downstream isopropanol market, as one of the raw materials of foreign disinfectants, has finally stopped rising and falling since the end of last month. After the decline in the first ten days of this month, the shock and stability maintenance may have a negative impact on propylene. Overall, the international crude oil market has a certain supporting role for propylene. While the downstream market is mostly rational, but the operating rate slightly increased. The current inventory pressure is not big, but the external propylene may increase, and it is expected that the price of propylene will increase slightly in recent days;

Product: upstream propylene market is positive, while PP market in the first half of the month is not clear. In the first half of this month, the domestic PP market showed a dressing state, with the overall temporarily adjusted. In April, the atmosphere of fiber speculation is full, resulting in overproduction. With the speculation coming to an end, the current price is on the way back gradually. Among them, the recessive inventory to be digested and the weak downstream demand outside the mask are all the reasons for the continuous decline of fiber materials. In the aspect of wire drawing, the production of wire drawing materials gradually returned to the normal level after the May 1st movement. In addition, imported materials were concentrated in Hong Kong in the near future, and the stock was expected to increase.

However, the current price of the drawing materials just in need is still firm, and the traders will ship them on the market. Futures markets are also mixed. The melt blown materials have also been reduced in varying degrees, with a large range of price reduction for some brands. The capacity of new process production lines of Yanshan Petrochemical and other large factories has also been put in place. At present, the overseas public health situation is still grim, but the export of polypropylene products is hindered. It is expected that the overseas export of melt blown materials in the later stage will inevitably be affected.

3、 Future forecast

PP analyst of business agency thinks: the domestic PP spot market was mainly adjusted in the first half of May. Propylene market goes up, and the positive upstream support for PP cost end is acceptable. But the market is long empty entanglement, fiber material due to heat reduction and high inventory still fell, wire drawing material is relatively strong. At present, exports are blocked and overseas consumption is unclear. Downstream factory demand order follow-up is general, merchants go with the market, it is expected that the domestic PP market will be weak in the near future.

In recent years, the prices of praseodymium neodymium oxide and praseodymium neodymium alloy in the domestic rare earth market have continued to rise. In recent years, the downstream demand has increased, and merchants are reluctant to sell rare earth in the domestic market. According to the rare earth sector index of the business association, the rare earth index was 331 on May 15, which was the same as yesterday, 66.90% lower than the highest point of 1000 in the cycle (2011-12-06), and 22.14% higher than the lowest point 271 on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).

As of the middle of May, the price of praseodymium neodymium oxide in rare earth in China was 271000 yuan / ton, which rose 2.85% in May, up 2.07% year on year; the price of praseodymium neodymium alloy was 341000 yuan / ton, which rose 3.18% in May, up 1.04% year on year; by the end of the week, the price of dysprosium oxide rose 20000 yuan / ton to 1.79 million yuan / ton, the price of dysprosium ferroalloy rose 25000 yuan / ton to 1.77 million yuan / ton, holmium oxide and gadolinium oxide , holmium, iron, etc. all increased in price to varying degrees.

According to the monitoring of the business agency, praseodymium and neodymium oxides have been rising continuously, with an increase of 2.85% in May. This round of price increase is related to the increase of downstream stock demand. Due to the extremely low price of praseodymium and neodymium oxide, which is close to the cost line, the merchants are reluctant to sell and the price is rising. In addition, with the resumption of production, the market of terminal new energy vehicles is picking up, and the demand for goods prepared by the downstream permanent magnet material manufacturers of rare earth is increasing, the boom of praseodymium and neodymium oxide also drives the prices of gadolinium oxide, holmium oxide and other materials up. 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.

According to the Ministry of industry and information technology and other documents, by 2025, the sales of new energy vehicles will account for about 25%. Global electrification is stepping into the acceleration period of high-quality models at the supply side. China’s double point policy and European carbon emission requirements have established a long-term development mechanism for new energy vehicles. Driven by national policies, the supply and demand pattern of rare earth industry is expected to further improve, domestic demand in China has improved, and the price of heavy rare earth in domestic rare earth market remains high. Recently, the Ministry of natural resources and the Ministry of industry and information technology issued the notice on the issuance of the total amount control index (the first batch) for the exploitation of rare earth ores and tungsten ores in 2020, which specified that the total amount control index for the exploitation of the first batch of rare earth ores (rare earth oxide REO) in China is 66000 tons, and the total amount control index for the exploitation of tungsten concentrate (65% of tungsten trioxide) is 52500 tons. 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, but the demand is not significantly good, and the market price of rare earth is slightly down.

Heavy rare earth accounts for a large proportion of annual production in the plan of rare earth collection and storage. In addition, Myanmar’s closure still has a tight impact on the domestic import and supply of heavy rare earth. Once the plan is implemented as scheduled, it will have a great impact on the supply and demand of heavy rare earth dysprosium and terbium and the price rise. Business analysts expect that the market price of rare earth will continue to rise in the later period.

1、 Price trend

According to the data of the business club’s large list, the market price of propylene (Shandong) in China has been rising steadily this week, with the weekly low price of 6332 yuan / ton at the beginning of the week; the weekly high price of 6657 yuan / ton at the weekend, with a weekly increase of 5.13%.

2、 Analysis and comment

Product: last month, Shandong propylene price soared and plummeted, and then remained stable again, and the market was stable. During the May 1st period, the price of propylene slightly increased by about 50 yuan / ton. On the 6th, the price went up by 100 yuan / ton again. On the 7th, 8th and 9th, the price went up by 50 yuan / ton continuously. On the 10th, some enterprises went up by 50 yuan / ton continuously. On the 11th, they went up by 50 yuan / ton again. On the 12th, they went up by 100-200 yuan / ton obviously. On the 13th, they went up by 100-200 yuan / ton continuously. On the 14th, they went up by 50-100 yuan / ton again. Today, they are still up by 50-100 yuan / ton. Now, the market The turnover is between 6600-6800 yuan / ton, and the mainstream price is around 6600 yuan / ton. At present, propylene inventory is low, goods are slightly in short supply, and shipment is relatively smooth.

Industry chain: influenced by the international situation, the international crude oil price rose significantly at the end of last week. Now, the crude oil is still rising, but the trend is slowing down. Influenced by the international events on August 8, the crude oil rose again significantly. On November 11, the crude oil went down slightly. In the later period, the crude oil price increased slightly, which has a certain positive impact on propylene.

Affected by public health events, the modified special material in PP last month was melt blown cloth material, and the price rose sharply in the early stage. Now, the price of melt blown cloth has been lowered, and PP futures have been restored to rationality. This week, PP spot has stepped down, with a weekly decline of 3.67%, slightly negative impact on propylene.

This week, acrylic acid market continued to rise, up 2.93%, slightly positive impact on propylene.

This week’s propylene oxide market also continued to rise, up 3.35% week on propylene small positive impact.

Epichlorohydrin was up in shock this week, up 2.99%, which had a little positive impact on propylene.

This week, the domestic price of n-butanol rose continuously, with a weekly increase of 4.78%, which has a certain positive impact on propylene.

In the first ten days, octanol market fluctuated steadily, with weekly increase of only 0.84%, which had little impact on propylene.

Affected by the epidemic situation, the isopropanol market, as one of the raw materials of foreign disinfectants, experienced a sharp rise in the early period and a steady decline. This week, it was up in shock, with a weekly increase of 4.19%, which may still have a positive impact on propylene.

The phenol Market in Shandong Province remained stable this week, with a weekly decline of 0.54%, which had little impact on propylene.

The acetone market in Shandong Province was stable and fluctuated after rising this week, with a weekly increase of 3.85% and a weekly amplitude of 4.49%, which had limited positive impact on propylene.

3、 Future forecast

According to the propylene analyst of the chemical branch of business society, on the whole, the international crude oil market has a positive support, and the price has been rising for many times, which has a certain supporting effect on propylene. However, the downstream operation rate is relatively high, propylene inventory is not much, and the recent shipment is still relatively smooth. Currently, there is a small increase in the downstream. However, the increase of propylene for several consecutive days still puts pressure on the downstream. It is expected that the price of propylene will stabilize after a small increase in recent days.

1、 Price trend

According to the data monitored by the business agency, as of May 14, the average price of lithium iron phosphate, a high-quality power product in China, was 39000.00 yuan / ton, down 1000 yuan / ton from the previous day.

market analysis

Product: the domestic power type premium product lithium iron phosphate is in weak and stable operation. Now the mainstream market price range is 36000-39000 yuan / ton, which is 1000 yuan / ton lower than the previous day. At present, the domestic power type lithium iron phosphate demand is weak, which leads to a slight decline in price, and the order quantity is difficult to increase. The domestic power type lithium iron phosphate has excess capacity, and the market grabs orders seriously, so the enterprises are forced to reduce price and let the profits go The price competition of lithium iron oxide is fierce, and the price basically hovers on the cost line.

Industry chain: the price of upstream lithium carbonate keeps falling in the near future, and the inventory is overstocked seriously. The manufacturer actively ships the product and leaves the single price below the cost. The cost of lithium iron phosphate is not well supported, which then declines. At present, the price of battery grade lithium carbonate is 43000-44000 yuan / ton, and that of industrial grade lithium carbonate is 34000-39000 yuan / ton.

Industry: on May 13, the chemical industry index was 638, the same as yesterday, 37.20% lower than the highest point 1016 (2012-03-13), and 6.69% higher than the lowest point 598 on April 8, 2020. (Note: cycle refers to 2011-12-01 to now).

Future forecast

Iron lithium phosphate analysts believe that: in the short term, the weak operation of domestic power-driven high-grade lithium iron phosphate has the possibility of further price reduction. (the above prices are provided by the major manufacturers of lithium iron phosphate all over the country and analyzed by the analysts of lithium iron phosphate in the business. For reference only, please contact the relevant manufacturers for more details.)

1、 Price trend

According to the data of the business club’s bulk list, the market situation of PA66 in China continued to be weak in the first half of May, and the prices of various brands were still slowly reduced. As of Thursday, May 14, the average price of the mainstream offer of PA66 is about 19150.00 yuan / ton, down 3.77% from the average price at the beginning of the month.

Analysis of influencing factors:

The market of adipic acid in the upper reaches of PA66 is stable at low level. Most of the spot price adjustments are weak. The manufacturers still maintain a high rate of start-up, but they still haven’t reached the level of shipment before the outbreak. At present, the social inventory pressure is general, but the demand is not strong, the business delivery is blocked, and the supply and demand in the field are not prosperous. The price of pure benzene at the cost end has increased recently, but under the current situation of shrinking orders at home and abroad, the price of adipic acid is difficult to improve in the near future;

The upstream adipic acid gave poor support to the PA66 cost side. The market price of PA66 continued to weaken in the first ten days of this month, and the market side continued to be negative. On the supply side, PA66 spot showed consistent adequacy, and the starting load of downstream plants was low. The consumption of PA66 plastic products is at a low level, and the imbalance between supply and demand is increasingly obvious, which is difficult to boost the market. There is little trading on the floor and little trading news.

Future forecast:

Business analysts believe: in early May, the domestic PA66 market continued to adjust its weak position. The spot price of adipic acid in the upstream is low, which is not good for PA66. The return rate of downstream factories needs to be improved. The replenishment operation is rigid and the demand is very limited. The contradiction between supply and demand in the market is the main reason for the weakness of the market and the lack of confidence in the future. It is expected that PA66 market will not improve in the short term.

1、 Price trend

Affected by the tight supply of goods in some regions, the domestic ethanol market rose again. According to the monitoring of business agency, as of May 14, the price of domestic ethanol market was 5775 yuan / ton, 9.74% higher than that of the same period last month, and 10.63% higher than that of the same period last year.

2、 Analysis of influencing factors

Products: the domestic ethanol market in East China and Henan is on the rise. The ethanol market in the north of Jiangsu Province in East China is up, the surrounding price is up, and the enterprise’s quotation is up; the ethanol market in Henan Province is up, the raw material price is high, and the enterprise is waiting for the increase of vehicles; the ethanol price in Shandong Province is in order and operation, and the enterprise’s anhydrous price is back to normal; the corn ethanol market in Jilin Province in Northeast China is stable, large-scale orders are delivered, and the inventory is low; the raw material price in Heilongjiang Province is high At present, the low price of the enterprise is not available, the order of the enterprise is delivered, and the quotation of some enterprises is increased; the negotiation focus of the ethanol market in South China and Guangdong Province is down. Guangdong has no shortage of water and its price remains at a high level. Although there are other sources of goods coming to Hong Kong in Dongguan, Guangdong Province, there are sufficient sources of goods in the hands of traders in the market at present, which is affected by the decrease of Guangdong Province. Guangxi molasses ethanol market is waiting and watching. At present, molasses ethanol enterprises order shipment, individual enterprises inventory is not high, and the price is high. Anhydrous ethanol enterprises inventory is low, and the price is firm. Anhui Province The regional ethanol market rose, affected by the price rise in East China, and the price of enterprises increased.

Industry chain: in terms of raw materials, corn: corn prices continue to fall. The temperature in most parts of Northeast China is rising, the sowing progress is speeding up, the multi field corn sowing is close to the end, and the planting area of intending corn in the production area is expected to increase. At present, most of the domestic corn is controlled in the trade link, and the surplus grain inventory at the grass-roots level has declined significantly. We predict that in the near future, the probability of corn price continuing to be stable, moderate and strong is still high, and this judgment will not be changed temporarily. It is worth mentioning that more than half of the temporary storage corn is in Heilongjiang area. Affected by the new crown epidemic in Heilongjiang, the temporary storage auction may be delayed. The probability of starting grain auction after the middle of May is higher. It is expected that the corn price will show a new trend after the temporary storage auction is started. This change is more likely to occur after the late May.

Ethyl acetate: the domestic market of ethyl acetate is light. The mainstream manufacturers are mainly stable in price and delivery, but the downstream substantial demand is limited, and the digestion cycle is long, resulting in insufficient transaction of new orders in the market. However, the inventory quantity of mainstream manufacturers is low, and there is no inventory pressure for the time being, so stable price and offer are mainly maintained. The spot supply in South China market is sufficient, and the downstream demand continues to be weak, leading to partial competition among suppliers and weak market. In the short term, the domestic market of ethyl acetate in East China and North China is stable, while the market in South China is weak at different stages.

3、 Future forecast

The ethanol analyst of business club predicted that the price of domestic ethanol market remained stable in the short term, large-scale orders were delivered, there were few enterprises in stock, the auction of raw corn was delayed, the price of corn continued to rise, the ethanol production enterprises had high-pressure production, the enterprises were reluctant to sell at low prices, and the export orders continued, slightly slower than last month’s performance, and the middlemen had a high wait-and-see mood under the current high price Recently, the goods from other places in the South have not yet arrived at the port of Guangdong. The owners have a strong wait-and-see mood. It is expected that the short-term market will be stable and wait-and-see.

According to statistics, the price of phthalic anhydride in China fell slightly. As of May 13, the price of phthalic anhydride from o-phthalic method was 5025 yuan / ton. The price of phthalic anhydride in China was stable, slightly decreased, the demand of plasticizer industry was normal, and the market of phthalic anhydride was stagnant.

In recent years, the market price of phthalic anhydride in China has dropped slightly. The market demand of phthalic anhydride is normal, and the market of phthalic anhydride is general. However, the fluctuation of crude oil price has boosted domestic petrochemical products, and the market price of phthalic anhydride is stagnant. The operation of domestic phthalic anhydride manufacturers is normal, the operating rate of phthalic anhydride in the site is more than 60%, the spot supply of domestic phthalic anhydride is normal, the procurement of downstream plasticizer industry is general, the market of phthalic anhydride manufacturers is general, and the market price of phthalic anhydride is slightly down. By the end of the 13th, the market price of phthalic anhydride in East China had declined slightly, but the high-end transactions in the market were blocked. The main flow of negotiation of neighboring France’s source of goods in East China was 4900-5100 yuan / ton, and that of naphthalene’s source of goods was 4500-4700 yuan / ton. The main flow of quotation in the phthalic anhydride market in North China was 4700-5000 yuan / ton, and the wait-and-see mentality in the phthalic anhydride market was still there. The market price of phthalic anhydride was general, and the price of phthalic anhydride was stable.

In the near future, the execution price of domestic phthalic anhydride upstream product Sinopec is 4000 yuan / ton, and the price of imported phthalic anhydride in the port area fluctuates and rises, maintaining stability. In the near future, the price of phthalic acid in the port area is general, and the price of phthalic anhydride in the external market rises. The actual transaction price is subject to negotiation, with detailed discussion. Affected by the fluctuation of the price of phthalic anhydride upstream raw material, the price of phthalic anhydride market is mainly stalemate.

The downstream DOP market price is higher, the price of isooctanol is warmer and higher, DOP enterprises operate at low load, and DOP manufacturers stock sales. DOP price rises, PVC enterprise equipment starts normal, customer procurement enthusiasm is stable. The price of plasticizer fluctuates and rises. The market price of DOP is about 6700-7000 yuan / ton. The market price of plasticizer is generally active, high-speed charges are increased, and logistics and transportation costs are increased. The downward pressure of DOP market in the future still has a strong driving force. Supported by the favorable downstream price, it is expected that the market price of phthalic anhydride will fluctuate in the later period.

1、 Trend analysis

 
According to the nickel price monitoring of the business agency, on May 13, the spot nickel price was 100650 yuan / ton, down 2.15% from the previous trading day, 11.5% from the beginning of the year, up 2.91% year on year. Shanghai nickel mainly opened at 101020 yuan, and then the price first suppressed and then rose, closing at 100900 yuan, up 0.03%. LME3 closed at $12285 at the end of the month, unchanged from last day’s closing price.

2、 Market analysis

Recently, nickel price fluctuates widely. Norilsk Nickel Co., Ltd. of Russia expects that the nickel market will supply 130000 tons of excess in 2020, and the global nickel market will supply excess in 2020, which is expected to make nickel price under pressure. London Metal Exchange (LME) 13 Lun Ni inventory at 233310 metric tons, compared with the previous trading day inventory level. China’s nickel production rose, with refined nickel production rising 5.7% month on month (MOM) in April, up 9% year-on-year to 1472 tons. In addition, on May 12, the Tariff Commission of the State Council announced the second exclusion list of the second batch of goods subject to tariff on the United States and Canada, which mainly includes: rare earth metal ore, silver ore and its concentrate, gold ore, nickel alloy plate / sheet / strip / foil, nickel alloy wire, nickel alloy tube, aluminum alloy tube, titanium tube, nickel cadmium battery, etc.

3、 Future prospects

Future forecast: the increase of production and the oversupply of nickel market are expected to put the nickel price under pressure, but the downstream stainless steel consumption turns better and the inventory drops, supporting the nickel price. It is expected that nickel price will continue to fluctuate strongly in the short term.