According to the price monitoring of business society, as of August 25, the price of 40d spandex was 82750 yuan / ton, up 550 yuan / ton compared with last week and 187.30% higher than the average price of the same month last year. Recently, the spandex market has been running steadily, the raw material market has been reorganized horizontally, the cost side support performance is general, the manufacturer’s supply is not abundant, so it temporarily sticks to the offer, the demand of downstream customers is weak, and all parties watch the market carefully.

In the upstream of commodities, the global epidemic continued to be severe, dragging down demand prospects and market confidence, and international oil prices continued to fall. The original pure benzene fell continuously, coupled with the poor mood of taking goods in the downstream, mainly just need small orders, coupled with the recent anti attack of the epidemic, which affected the mentality of the industry, the demand for hard bubbles was also restrained, and the focus of the market price negotiation of aggregated MDI gradually shifted downward. Although the enterprise controlled shipment market improved slightly, it did not last long, and the aggregated MDI market was still in the doldrums. Recently, the PTMEG market in the domestic spandex field has been consolidated and operated, the cost support is weakened, the supply and demand side is still supported, and the negotiation is temporarily stable. In terms of price: mainstream factories with 1800 molecular weight supply offer around 43000-47000 yuan / ton, and the actual order negotiation refers to 43000-47000 yuan / ton. The pure MDI market in East China was organized and operated. Traders deliver goods at stable prices and purchase downstream on demand. At present, the mainstream reference in the local market is 21500-21800 yuan / ton telegraphic transfer barrel self delivery.

The spandex market in Fuzhou Guangzhou area is strong and high, the raw material market is consolidated and operated, the cost side support is OK, the supply of goods in the field is tight, and the price is strong and high. The spandex market in Shandong continues to be at a high level, the raw material market is sideways sorted, the supporting role of the cost side is OK, and the spot supply in the field is still tight. Recently, the spandex market in Jiangsu has operated steadily, the raw material market has been consolidated, the supporting role of the cost side has not decreased, the spot supply of manufacturers is not abundant, the low inventory of some manufacturers supports the price, and the order receiving intention of the downstream terminal market is insufficient. The recent spandex market in Zhejiang has been strong. The raw material market was consolidated and operated, and the cost side support was acceptable.

Business analysts believe that the recent stable consolidation of the spandex market, the consolidation and operation of the raw material market, and the performance of cost side support are general. The spot supply of some manufacturers is still tight, and the price remains high. However, the demand in the terminal market is flat. It is expected that the spandex market will operate strongly in the short term.

According to the monitoring data of business society, after August 9, hydrogen peroxide opened the road of rise, showing a continuous rise, rising for more than half a month, or more than 5%. On the 9th, the market price of hydrogen peroxide was 813 yuan / ton, and on the 24th, the market price of hydrogen peroxide was 856 yuan / ton, up 5.33%.

According to the weekly fluctuation chart of hydrogen peroxide in business society from May 31 to August 22, 2021, at the end of May, due to the weakening of terminal demand, hydrogen peroxide began to decline sharply, with a weekly decline of more than 2.58%. Since June, hydrogen peroxide has opened the downward channel, falling for three consecutive weeks, with an overall decline of more than 7.5%. In early July, the decline of hydrogen peroxide Market slowed down, falling for two weeks in the middle and late ten days, and the market rose near the end of the month. Due to the large decline in the early stage, hydrogen peroxide fell sharply as a whole. Throughout July, hydrogen peroxide fell by more than 5.6%. By August, the first week was still mainly down, down 2.81%. In the second week, hydrogen peroxide has ushered in an inflection point. In the third week, hydrogen peroxide continues to rise. From August 9 to 24, hydrogen peroxide has increased by more than 5%.

On August 24, some domestic hydrogen peroxide manufacturers offered as follows:

The quotation of hydrogen peroxide of Luxi Chemical is 800 yuan / ton, an increase of 40 yuan / ton compared with the beginning of August; The quotation of hydrogen peroxide for Hebei Zhengyuan chemical fertilizer is 820 yuan / ton, up 40 yuan / ton compared with that in early August; The quotation of hydrogen peroxide of Anhui Quansheng chemical is 950 yuan / ton, which is 20 yuan / ton higher than that at the beginning of the month.

Terminal demand increases, hydrogen peroxide ushers in rising trend

Since August, the decline in July has continued in the first week. From the second week, the market of terminal paper industry was stable, the caprolactam market was high, the purchase demand warmed up, the order volume of hydrogen peroxide increased, the manufacturer’s quotation began to rise, and hydrogen peroxide has reached the inflection point. In the week of August 9, the price of hydrogen peroxide increased by 1.64%. In the third week, due to the shutdown and maintenance of some hydrogen peroxide enterprises, the terminal rigid demand increased, which was supported by benefits. The hydrogen peroxide still maintained an upward trend. The average market price reached the first line of 850 yuan / ton, and the price increased by 4.96% compared with the beginning of the month.

On August 24, the price comparison index of hydrogen peroxide and corrugated paper was 113.32, the same as yesterday, down 53.93% from the highest point 246.00 in the cycle (October 21, 2019), and up 5.37% from the lowest point 107.54 on January 29, 2019（ Note: period refers to 2017-01-01 to now)

Since August, the price rise of leading paper enterprises has followed one after another. The price rise notices of base paper leaders such as Jiulong, Shanying and Liwen have been wave after wave, and small and medium-sized paper enterprises have also followed up quickly, quickly throwing out their price rise notices. Tianjin Jiulong has increased by 300 yuan / ton in two weeks. As of August 24, the price of corrugated base paper has increased by more than 5%, the paper market has been boosted, and the price of hydrogen peroxide has increased.

Business agency hydrogen peroxide analyst Li Bing believes that the Mid Autumn Festival is approaching, terminal demand is improving, and hydrogen peroxide is easy to rise but difficult to fall in the future.

Trade name: potassium chloride

Latest price (August 23): 3210.00 yuan / ton

On August 23, the mixed price of potassium chloride in Qinghai was temporarily stable, which was the same as the quotation on August 20. The demand for international potash fertilizer is strong, and the available supply of domestic potash fertilizer is tight. Although the production enterprises are fully engaged in production, the operating rate is slightly low and the self-sufficiency rate is insufficient. At the same time, the delivery of international potash fertilizer suppliers is delayed and the arrival at the port is limited.

Recently, the price of potassium chloride in Qinghai may fluctuate slightly, and the quotation is about 3200-3300 yuan / ton.

1、 Price trend

According to the bulk list data of business society, the price of aniline increased continuously this week. On August 13, the price of aniline in Shandong was 10400-10600 yuan / ton and that in Nanjing was 10600-10700 yuan / ton; On August 20, the price of aniline in Shandong was 10900-11100 yuan / ton, and that in Nanjing was 11100-11200 yuan / ton. The price increased by 4.11% compared with the beginning of the month, 38.82% compared with the beginning of the year, and 152.11% compared with the same period last year.

2、 Analysis and review

In terms of cost, due to the delay of import ships in the early stage and the delivery near the end of the month, domestic purchase is more active and pure benzene negotiation is better. However, during the week, crude oil fell deeply, coupled with the continuous decline of styrene, the fundamental support weakened, pure benzene was under pressure, and the price fell. On Sunday (August 22), the price of pure benzene was 7250-7550 yuan / ton (the average price was 7480 yuan / ton), and the average price decreased by 60 yuan / ton or 0.8% compared with last week; Compared with the same period last year, it increased by 119.35%.

The price of nitric acid rose again this week. On Friday (August 20), the production price of nitric acid in East China was 3163.33 yuan / ton, an increase of 2.15% over last week and 110.89% over the same period last year.

Due to the impact of the epidemic, the shipment of enterprises in East China is blocked, but the downstream demand is good and the market bullish mentality is good. The inventory of aniline factories in North China was low, enterprises were reluctant to sell at low prices, and the offer continued to rise.

3、 Future expectations

In terms of cost, the cost side is still likely to decline, and the support for pure benzene is weak; The downstream profit space is expanded, the operating rate is improved, and new units are expected to be put into operation in the downstream, and the demand for pure benzene is better in the near future. Overall, near the end of the month delivery, the pure benzene market may pick up, but crude oil may drag down the price.

Aniline has a good profit margin and is supported by downstream demand. It is expected that aniline will continue to operate strongly next week. In September, the demand for downstream rubber additives may pick up, which is expected to bring good results. Continue to pay attention to the trend of raw material, downstream demand and the dynamics of aniline plant.

According to the monitoring data of business society, after August 3, hydrogen peroxide has started to rise, and the price is rising. As of August 19, the average market price of hydrogen peroxide had risen to 846 yuan / ton, an increase of 4.96%.

According to the weekly fluctuation chart of hydrogen peroxide in business society from May 24 to August 15, 2021, it can be seen that hydrogen peroxide has begun to show a downward trend since late May. Near the end of the month, due to the weakening of terminal demand, hydrogen peroxide began to decline sharply, falling for two consecutive weeks, with a decrease of more than 4%. Since June, hydrogen peroxide has opened the downward channel, falling for three consecutive weeks, with an overall decline of more than 7.5%.

In early July, the decline of hydrogen peroxide Market slowed down, falling for two weeks in the middle and late ten days, and the market rose near the end of the month. Due to the large decline in the early stage, hydrogen peroxide fell sharply as a whole. Throughout July, hydrogen peroxide fell by more than 5.6%. By August, the first week was still mainly down, down 2.81%. In the second week, hydrogen peroxide has ushered in an inflection point. In the third week, hydrogen peroxide continues to rise. From August 3 to 19, hydrogen peroxide has increased by nearly 5%.

On August 19, some domestic hydrogen peroxide manufacturers offered as follows:

The quotation of hydrogen peroxide of Luxi Chemical is 800 yuan / ton, an increase of 40 yuan / ton compared with the beginning of August; The quotation of hydrogen peroxide for Hebei Zhengyuan chemical fertilizer is 820 yuan / ton, up 40 yuan / ton compared with that in early August; The quotation of hydrogen peroxide of Anhui Quansheng chemical is 920 yuan / ton, which is 20 yuan / ton higher than that at the beginning of the month.

Terminal demand increases, hydrogen peroxide ushers in rising trend

Since August, the decline in July has continued in the first week. From the second week, the market of terminal paper industry was stable, the caprolactam market was high, the purchase demand warmed up, the order volume of hydrogen peroxide increased, the manufacturer’s quotation began to rise, and hydrogen peroxide has reached the inflection point. In the week of August 9, the price of hydrogen peroxide increased by 1.64%. In the third week, due to the shutdown and maintenance of some hydrogen peroxide enterprises, the terminal rigid demand increased, which was supported by benefits. The hydrogen peroxide still maintained an upward trend. The average market price reached the first line of 850 yuan / ton, and the price increased by 4.96% compared with the beginning of the month.

On August 19, the price comparison index of hydrogen peroxide and corrugated paper was 112.52, the same as yesterday, down 54.26% from the highest point 246.00 in the cycle (October 21, 2019), and up 4.63% from the lowest point 107.54 on January 29, 2019（ Note: period refers to 2017-01-01 to now)

Since August, the price rise of leading paper enterprises has followed one after another. The price rise notices of base paper leaders such as Jiulong, Shanying and Liwen have been wave after wave, and small and medium-sized paper enterprises have also followed up quickly, quickly throwing out their price rise notices. Tianjin Nine Dragons increased by 300 yuan / ton in two weeks. In addition, the golden nine silver ten is coming, the terminal paper market is boosted, and hydrogen peroxide is mainly rising.

Business agency hydrogen peroxide analyst Li Bing believes that: the traditional peak consumption season is approaching, and the terminal rigid demand support, hydrogen peroxide is expected to continue to usher in a rising market.

According to the monitoring data of business agency, as of August 18, the average ex factory price of n-butanol in Shandong was 15466 yuan / ton. Compared with the price on August 15 (the reference average price of n-butanol was 14700 yuan / ton), the average price increased by 766 yuan / ton, a decrease of 5.22% during the week; Compared with the price on August 1 (the reference average price of n-butanol was 15100 yuan / ton), the average price increased by 366 yuan / ton, or 2.43%.

In early August, the domestic n-butanol market in Shandong fell sharply. Affected by logistics and other factors, downstream replenishment was cautious. The shipment of n-butanol from Shandong factory slowed down, and the market price of n-butanol also fell since early August. As of August 15, the average ex factory price of n-butanol in Shandong fell to 14700 yuan / ton, down 866 yuan / ton compared with the beginning of the month, a half month decrease of 5.57%.

Since the beginning of this week, the trading atmosphere of n-butanol market in Shandong has improved. Downstream users actively replenish goods at low prices, the supply of low-cost goods in the n-butanol field has decreased, and the overall trading focus of n-butanol has begun to rise. In the next two days, the inventory of n-butanol plant in Shandong decreased continuously, the supply pressure decreased, and the n-butanol market continued to rise. As of August 18, the average ex factory price of n-butanol in Shandong rose to 15466 yuan / ton, and the cumulative average price for three days rose by 766 yuan / ton, or 5.22%.

In the upstream, according to the bulk list data of business society, as of August 18, the reference price of propylene oxide was 17025 yuan / ton, up 4.45% compared with August 1 (16300 yuan / ton). The downstream procurement was normal and the market trading atmosphere was acceptable.

Future analysis of n-butanol

At present, the overall performance of the n-butanol market in Shandong is good, the factory inventory is low, and the spot sales pressure is small. Therefore, the n-butanol analysts of the business society believe that in the short term, the n-butanol market in Shandong will be dominated by strong operation.

On August 17, the sulfur commodity index was 96.39, up 3.84 points from yesterday, down 7.17% from the highest point of 103.84 points in the cycle (2011-11-02), and up 273.75% from the lowest point of 25.79 points on February 24, 2020（ Note: period refers to the period from September 1, 2011 to now)

According to the price monitoring of business agency, the price trend of sulfur in East China rose slightly on the 17th, and the average price of sulfur production was 1756.67 yuan / ton, up 4.15% from the previous working day. The overall quotation of refineries in various regions increased according to their own shipment, and the solid-liquid sulfur increased by 30-80 yuan / ton at the same time. It is difficult to find the supply of goods in Hong Kong. The cargo holders are reluctant to sell the goods, and the downstream market is on the sidelines. The refineries in the domestic region operate normally. The traders mainly purchase on demand, the external price is strong, and the mentality of the on-site operators is good.

Future forecast: at present, the domestic sulfur market is running at a high level, the downstream phosphate fertilizer market, domestic demand and export orders are improving, the domestic spot supply is tight, the main actors in the market have better support for sulfur, the mentality of field operators is good, the future sulfur market continues to be strong, and the specific attention is paid to the market transaction.

According to the bulk data monitoring of business society, the price trend of acetic acid rose slightly this week. On August 13, the price of acetic acid was 6083.33 yuan / ton, an increase of 0.27% compared with the quotation of 6066.67 yuan / ton on August 7, and a decrease of 1.67% compared with the beginning of the month. As of August 13, the market price of acetic acid in various regions in China rose and fell as follows:

region August 7th August 13th Price rise and fall

East China 5950-6600 yuan / ton 5950-6600 yuan / ton 0

South China 6000-6100 yuan / ton 5900-5950 yuan / ton – 150/-200

North China 5650-5900 yuan / ton 5650-6050 yuan / ton one hundred and fifty

Shandong region 5850-5900 yuan / ton 6000-6050 yuan / ton 150/250

Jiangsu region 6150-6250 yuan / ton 5950-6050 yuan / ton – two hundred

Zhejiang region 6250-6350 yuan / ton 6000-6100 yuan / ton – two hundred and fifty

Hebei region 5950 yuan / ton 6000-6050 yuan / ton 50/100

This week, the domestic acetic acid finishing operation, with different ups and downs in various regions. The prices in North China, Shandong and Hebei increased. The acetic acid enterprises had maintenance plans, the factory supply was tight, and the market price increased slightly; Affected by public health events in South China, Zhejiang and Jiangsu, logistics and transportation are blocked, market inventory is accumulated, downstream purchase enthusiasm is general, purchase is rational, market trading is insufficient, and enterprise quotation is reduced.

Downstream, the vinyl acetate market fluctuated in a narrow range, and butyl acetate continued to decline during the week due to the decline in the price of raw n-butanol and the weak downstream demand; The ethyl acetate market fluctuated and sorted out. The quotation fell first and then rose within the week. The market trading was OK. It just needs to be followed up. The market will wait and see the sorting operation in the later stage.

According to the acetic acid analysts of business society, there is no obvious difference in downstream demand in various regions in China. The purchase is rational and just needs to be followed up. In terms of market supply, there are obvious differences in various regions. There are sufficient sources of goods in East and South China and tight sources in North China. From the perspective of supply and demand performance, it is expected that the market will be differentiated in the future and pay attention to the situation of enterprise devices.

1、 Price trend

According to the monitoring data of business agency, the average factory price of domestic ammonium sulfate was 1175 yuan / ton on August 9 and 1175 yuan / ton on August 15. The price of ammonium sulfate was stable this week.

2、 Market analysis

This week ammonium sulfate Market weak finishing. The demand for coking grade ammonium sulfate weakens and the market price weakens. The demand for hexyl ammonium sulfate is acceptable, and it just needs to be purchased in the downstream. By the end of the week, the mainstream factory quotation of coking ammonium sulfate in Shandong was 1050-1100 yuan / ton, the mainstream factory quotation of ammonium sulfate in Hebei was 1050-1100 yuan / ton, the mainstream factory quotation of ammonium sulfate in Shanxi was 950-1000 yuan, and the mainstream factory quotation of ammonium sulfate in East China was 1100-1200 yuan / ton. The domestic ammonium sulfate Market is temporarily strong, and the domestic mainstream ex factory quotation is 1100-1200 yuan / ton.

The downstream compound fertilizer market has little change this week. Due to the decline of urea price, the negative situation appears, and the compound fertilizer market may be affected next week. Due to the strong market of raw material ammonium phosphate this week, compound fertilizer enterprises consume more early orders, and the price has not changed yet.

3、 Future forecast

The ammonium sulfate analyst of business society believes that due to the current off-season sales of ammonium sulfate, the market demand has weakened, and the downstream purchases more on demand, with an obvious wait-and-see attitude. Due to the decline of urea, the price of ammonium sulfate is expected to be weak in the short term, mainly finishing and operation, and the price may fall next week.

According to the data monitored by the business agency (the average ex factory price of carbide SG5), on August 12, the average mainstream price of PVC in China was 9225 yuan / ton, an increase of 112.5 yuan or 1.23% over 9112.5 yuan / ton at the beginning of the week, an increase of 0.96% over the beginning of the month and 43.64% over the same period last year.

2、 Market analysis

The PVC market continued to rise this week. The increase range of enterprises in the week was mostly in the range of 100-200 yuan / ton, and the market focus moved upward. Last week, the PVC market fell first and then rose, but it was always difficult to break the stalemate with small fluctuations. After weekend adjustment, the PVC market began to test a small rise on Monday, and the market began to strengthen after a comprehensive rise in the middle and late weeks of the week. The current round of PVC market price rise is mainly due to the power restriction in Inner Mongolia, the decline in the output of raw calcium carbide, high price and short supply. Under the support of cost, some PVC enterprises operate with reduced load, tight supply in the spot market, no pressure on inventory, and the rise of futures price, which drives the price rise in the spot market. At the beginning of August, CFR China was at US $1250 / T, while CFR India rose 50 to US $1400 / T. the external market recovered, and Lido supported PVC to continue its high-level operation.

In terms of spot, at present, the mainstream quotation range of pvc5 electric stone in China is mostly around 9000-9300 yuan / ton. The interval of pvc5 electric stone in Hangzhou is 9240-9350 yuan / ton; The mainstream of pvc5 electric stone in Changzhou is 9250-9350 yuan / ton; The mainstream price of PVC ordinary electric stone in Guangzhou is 9300-9360 yuan / ton; Local market prices rose.

In terms of futures, PVC futures prices rose strongly to above 9300 this week, driving the rise of spot market prices. On August 12, the opening price of v2109 contract was 9325, the highest price was 9365, the lowest price was 9280, the position was 290659, the settlement price was 9320, yesterday’s settlement was 9230, up 90.

region workmanship 8 / 12 (yuan / ton) 8 / 9 (yuan / ton) Rise and fall remarks

East China Calcium carbide method 9270-9370 9200-9280 + 70/+90 Ex warehouse

south China Calcium carbide method 9300-9350 9240-9300 + 60/+50 Ex warehouse

North China Calcium carbide method 9100-9160 9000-9050 + 100/+90 Delivered

southwest Calcium carbide method 9100-9200 8950-9050 + 150/+150 Delivered

International crude oil, on August 11, the international oil price rebounded continuously and rose for two consecutive days. The settlement price of the main contract in the U.S. WTI crude oil futures market was $69.25/barrel, up $0.96 or 1.40%, and the settlement price of the main contract in Brent crude oil futures market was $71.44/barrel, up $0.81 or 1.0%. Data released by the U.S. Energy Information Administration (EIA) on Wednesday showed that crude oil inventories fell last week, improved U.S. employment data and improved liquidity boosted fuel consumption, and the Biden government said it would not support U.S. oil companies to increase production, and supply expectations were good for oil prices.

Ethylene, August 11, European ethylene market, FD northwest Europe quoted 1368-1375 US dollars / ton, CIF northwest Europe quoted 1255-1263 US dollars / ton, up 3 US dollars / ton, August 11, American ethylene market, FD American Gulf quoted 977-996 US dollars / ton, down 121 US dollars / ton, recent American ethylene market fell, demand was average, Asian ethylene market on August 11, CFR Northeast Asia quoted 946-956 USD / T, down 20 USD / T; CFR Southeast Asia quoted 981-991 USD / T, down 20 USD / T. Recently, ethylene prices in Asia have mainly fallen. Affected by the rising price of upstream crude oil, the ethylene market may mainly rise in the later stage.

For calcium carbide, on August 12, the factory price of Northwest calcium carbide was temporarily stable, the price of upstream blue carbon increased slightly, the cost support was good, the downstream PVC market was consolidated at a high level, and the demand for calcium carbide increased. In the future, calcium carbide rose slightly, and a new round of power rationing in Inner Mongolia began. The output of calcium carbide decreased and the supply was in short supply.

3、 Future forecast

PVC analysts of business society believe that at present, the cost is high and in short supply, there is no pressure on PVC inventory, coupled with the strong external market and the strong drive of futures, the spot market is actively pushed up, but in the off-season demand, the operating load of downstream products industry is still not high, and it is difficult to follow up, so it is expected to curb some of the rise. It is expected that there will be more support in the short term, and the PVC market may continue to rise steadily.