According to the price monitoring of the business agency, the domestic spandex market rebounded slightly this week, with the market average price of 40d specification at 31900 yuan / ton as of April 9, up 1.27% on a weekly basis and down 11.63% on a year-on-year basis.

Mainstream price statistics of spandex market in recent 7 days (unit: yuan / ton)

20D 30D 40D

Zhejiang 36000-37000 34000-35000 28000-29000

Shandong 37000-38000 34500-35500 28500-29500

Fujian 37000-38000 34500-35500 28500-29500

Jiangsu 36000-38000 34000-35000 28000-29000

Domestic spandex manufacturers increased steadily, with sufficient supply. Due to the fair demand for end port cover ear belt, tight supply of rough denier models, the price increased substantially, which led to the increase of other specifications such as 40d. This week, the price of 40d specification of mainstream factories increased by 1000 yuan / ton. However, due to the lack of prudence in follow-up of other actual needs, the market view atmosphere is relatively strong, and the actual single transaction volume is discussed in detail. Among them, 36000-37000 yuan / ton is the reference for mainstream negotiation of 20d spandex in Jiangsu and Zhejiang; 34000-35000 yuan / ton is the reference for mainstream negotiation of 30d spandex; 28000-29000 yuan / ton is the reference for mainstream negotiation of 40d spandex, and the actual transaction details are discussed.

Summary of production and marketing trends of domestic PTMEG manufacturers

Enterprise name address capacity (10000 tons / year) remarks

There is no restart plan for the parking of Shanxi 3D Hongdong 5

Jiaxing Xiaoxing Zhejiang Jiaxing 12 small line parking

Hangzhou Sanlong, Zhejiang Hangzhou 6 phase II plant load is not high

Sinopec Great Wall energy chemical Ningxia Yinchuan 9.2 unit load is not high

Henan Nenghua Hebi 6 parking Center

The load of Xinjiang MEK Xinjiang Korla 5 unit is not high

The raw material PTMEG market is in weak operation, the atmosphere of real order buying is light, the pressure of supplier’s delivery is increasing, and the negotiation of narrow margin is narrow. At present, the main quotation of 1800 molecular weight goods source is 15000-15500 yuan / ton, and the negotiation of real order is 14200-15000 yuan / ton. Pure MDI operates in a weak position and a weak position, buying gas is weak, and the delivery and investment is average. Under the pressure of the supplier’s delivery, the delivery negotiation continues to be low. In South China, the quotation is 13800-14500 yuan / ton telegraphic transfer barrel, and the quotation is 13800-14500 yuan / ton telegraphic transfer barrel.

All downstream spandex factories are cautious about raw materials and demand follow-up, and have a strong atmosphere of market outlook, and have a detailed discussion on the actual single transaction. In Xiaoshao area of Zhejiang Province, the construction started at a low level, with 30-50% of the round machine and yarn wrapping Market; in Zhangjiagang area, the market order follow-up was insufficient, with 50-60% of the start-up level; in Fujian area, the market started cautiously, with 30-40% of the lace and about 60% of the warp knitting; in Guangdong, the enterprises started cautiously, with 40-50% of the round machine market.

On the whole, the price trend at the cost end is light and stable, and the support performance is generally good. In the downstream terminal market, the materials used for the ear belt of respirators have led to the rise of some specifications, but in general, the usage of the respirators is not large, the spandex model is 40d / 140d or above, and other textile fields are not in good mood to receive orders, and the actual demand is poor, so all parties should be cautious to see that the market just needs to purchase. Business analysts believe that due to the decline in textile terminal demand, the spandex industry as a whole is expected to bear pressure, and the rebound space will be limited.

1、 Price trend

According to the price monitoring of the business agency, the average ex factory price of sulfur market in East China this weekend was 626.67 yuan / ton, down 4.08% compared with 653.33 yuan / ton at the beginning of the week, down 44.71% compared with last year.

2、 Market analysis

Product: this week, the domestic sulfur market performance is slightly flat. In terms of external market, the spot supply is tight and the price is on the high side, with limited support in Hong Kong. This week’s sulfur quotation was weak and lowered, the downstream procurement enthusiasm was not high and the intention price was low, the spring ploughing fertilizer was in the closing stage, the later stage of fertilizer export was not clear, the industry had different judgments on the future market, the site was more wait-and-see mentality, the refineries in each region within the week adjusted their quotation according to their own shipping situation. As of March 3, Sinopec’s quotation for solid sulfur in East China is 580-680 yuan / ton, and that for liquid sulfur is 510-630 yuan / ton; Sinopec’s quotation for solid sulfur in North China is 530-570 yuan / ton, and that for liquid sulfur is 400-450 yuan / ton; Sinopec’s quotation for solid sulfur in Shandong is 630-650 yuan / ton, and that for liquid sulfur is 410-460 yuan / ton.

Industry chain: in the aspect of downstream sulfuric acid, the domestic market has recovered as a whole, and the sulfuric acid price has risen. At present, the overall supply of sulfuric acid plants in Shandong Province has been reduced, and the prices of enterprises have been adjusted upward. In April, the overhaul of acid enterprises was relatively centralized, the supply side was significantly reduced, and the acid price was intended to drive the market upward. The main downstream phosphate fertilizer enterprises have been in the process of completion, and the demand has not been greatly boosted. In addition, the cost end support is still weak, and the upward space of sulfuric acid market is limited. It is expected that the acid market will be operated in a narrow range in the later period.

3、 Future forecast

According to the sulfur analyst of the business agency, at present, the demand for phosphate fertilizer is weakening, and the enthusiasm of downstream plants to enter the market is not high. Refineries in various regions are adjusting downward in the week, and the inventory of ports is high. Most of the operators wait and see the market. It is expected that the sulfur market will be light and stable in the later period, waiting for the guidance of market news.

1、 Price trend

According to the data of the business club’s large scale list, the price trend of TDI market this week was stable and down. The average market price in East China at the weekend was 9933.33 yuan / ton, down 3.25% in the week compared with 10266.67 yuan / ton at the beginning of the week, down 33.03% year-on-year.

2、 Market analysis

Product: this week, the domestic TDI market fell. At present, the recovery of demand is not optimistic. Due to the impact of public health events, foreign trade orders are cancelled or postponed in large quantities, TDI factory’s finished product inventory remains high, the downstream production and sales are not smooth, the demand for raw materials is limited, the enthusiasm for inquiry is not high, and the pressure on the manufacturer to ship is high. Under the condition of maintaining the shipping volume, the price keeps falling. By the end of March 3, the quotation of domestic goods with tickets in East China market was 9200-9300 yuan / ton, and the quotation of Shanghai goods with tickets was 9400-9600 yuan / ton. At present, the weak market in North China is waiting for the customers to deliver goods, and the downstream mentality is waiting for the customers to deliver goods. The narrow market in East China is sorting out, and the customers maintain the mentality of shipping volume, and the market continues to explore. The weak market in South China is sorting out, and the market is pessimistic Spread, market price chaos.

Industry chain: in terms of upstream toluene, the global health event, worried about the shrinking demand for crude oil due to the economic recession, combined with the overall sharp decline trend of the international oil price this week before Thursday, affected by this, the domestic toluene price followed the sharp drop, the domestic market price fell sharply this week, as of Friday, the average domestic price was about 3050 yuan / ton, down 11.59% on last week.

3、 Future forecast

According to the analysis of the business club’s Data Engineer, at present, the on-site operators are short of future market mentality, the downstream demand is weak, the enthusiasm for inquiry is not high, the TDI market price continues to fall under the situation of blocked shipment, and the on-site pessimism spreads. It is expected that in the later stage, the TDI market will be weak to sort out and operate, and pay attention to the factory news.

1、 Price trend

According to the data of the business club’s bulk list, the market price of cryolite this week was weak and stable. The average market price in Henan Province was 5833.33 yuan / ton in the week, which was stable compared with the price at the end of last week, down 9.33% compared with last year..

2、 Market analysis

Products: according to statistics, the price trend of cryolite keeps stable operation. As of the 3rd day, the factory quotation of cryolite in Shandong Province is about 6000-6200 yuan / ton; the factory quotation of cryolite in Henan Province is 4800-6700 yuan / ton. At present, the operation of cryolite enterprises in Henan Province is normal, the transaction is fair, and the price of manufacturers is mainly stable. The enterprises sell on a single basis. Affected by the environmental protection policy, the upstream raw materials are in short supply, the downstream users purchase on demand, and the overall cryolite Market is weak and stable.

Industry chain: the price trend of fluorite in the upstream of this week is downward. The average price of domestic market at the weekend is 3155.56 yuan / ton, down 4.05% in the week. In recent years, the operation rate of fluorite plant in China has increased. The mine and flotation plant in the site have been resumed gradually, the supply of fluorite in the site has increased, the supply of downstream goods is sufficient, and the price of fluorite has declined. In the downstream aluminum industry, the demand weakened due to the impact of health events, and the market was in a weak position. This week, the trend of aluminum price fluctuated upward. The average market price at the weekend was 11613.33 yuan / ton, and the overall price rose by 1.07% in the week, with little change in price.

3、 Future forecast

According to the cryolite product analyst of the business association: in terms of the supply and demand performance of the cryolite market at present, the manufacturer starts normally with sufficient inventory and purchases on demand in the downstream. However, due to the influence of upstream raw materials, the quotation adjustment of the enterprise is not large, and the cryolite market maintains weak and stable consolidation in the later stage, with specific attention to market demand.

1、 Trend analysis

The domestic copper price rose slightly this week. The average price of domestic spot copper at the beginning of the week was 38608.33 yuan / ton, up 3.03% from 39778.33 yuan / ton at the weekend, down 19.15% year on year.

2、 Market analysis

This week LME March copper wide shock, the beginning of the week back to $4739.5 after a sharp increase of $4930, after the shock run, the deadline reported $4919.5, up 2.13%. At the beginning of this week, the Shanghai copper index rebounded after a correction of 38340 yuan and hit the 40000 yuan barrier, closing at 39920 yuan, up 1.76%.

This week, the spot copper supply is tight, the spot copper keeps a good water rise, the first half of the week, the downstream operating rate has increased, the consumption has slightly recovered, the traders have a good deal, the end of the week is in holiday, the traders have a cool deal before the festival, and the downstream consumption has turned bad. With the holiday approaching, the market is more cautious about holding goods, mainly based on rigid demand, and the actual consumption is flat. The increase of domestic infrastructure construction has boosted the metal demand, but the decline of overseas demand is hard to change, which will restrain the copper consumption of relevant enterprises. The global economy is still uncertain, and there is still pressure above the copper price.

3、 Future prospects

According to the above situation, the copper analyst of nonferrous branch of business society thinks: Rio Tinto announced that the copper contract of us smelter suffered force majeure, and it is expected that there will be more and more stories about the supply side in the future, but the inflection point of overseas epidemic has not yet appeared, and the risk of economic recession still exists. Copper price is in the low rebound stage, but there is no trend. It is expected that copper price will fluctuate mainly in the low position in the short term.

1、 Price trend

According to the data in the large scale list of business agencies, the price of domestic TDI market in March was significantly reduced. The average ex factory price of domestic TDI at the beginning of the month was about 11066.67 yuan / ton, and the average ex factory price of domestic TDI at the end of the month was about 10266.67 yuan / ton, down 7.23% in the month, down 22.61% year-on-year.

2、 Market situation

Product: the domestic TDI market price falls this month. In the early stage, the supplier will mainly stabilize the price of goods and increase the export. In the later stage, the supplier’s load is high. In the later stage of high inventory, the mentality is biased towards goods delivery. The industry is more pessimistic about the future market. In the case of weak downstream demand, the market center of gravity may be further explored. The market is surrounded by negative air. The market continues to decline. At the end of the month, the center of gravity breaks through the “ten thousand yuan pass”. By the end of 31 days, the quotation of domestic goods with bills in East China is 9500-9700 yuan / ton, the quotation of Shanghai goods with bills is 9800-10200 yuan / ton; the quotation of domestic goods with bills in South China is 9500-9800 yuan / ton, the quotation of Shanghai goods with bills is 9900-10000 yuan / ton, left and right; the quotation of domestic goods with bills in North China is 9800 yuan / ton, and the quotation of Shanghai goods with bills is 9800 yuan / ton The reference price is 10000-10200 yuan / ton.

Industry chain: the price trend of nitric acid in the upstream of TDI in China fluctuated upward this month, and the market price by the end of the month was 1600 yuan / ton, 3.23% lower than 1550 yuan / ton at the beginning of the month. The market demand was light and stable, and the market in the later period was volatile; in terms of upstream toluene, the toluene Market in East China continued to decline. Affected by international crude oil shocks and falls, as well as the sharp drop of toluene price in South Korean market, the main source of toluene import, although domestic enterprises have gradually entered the resumption period, the market demand has been improved slowly, and the domestic toluene price has followed the decline. At present, the mainstream price in East China is 3600 yuan / ton. It is expected that the price of toluene in the later domestic market will fluctuate.

3、 Future forecast

According to the analysis of the data analyst of the business agency: at present, the TDI market is weakening as a whole, the price of toluene is falling sharply, and the load of the factory is high, the profit space is increasing, the operator is now in a short mood, there is less on-site inquiry, and the transaction is cold. It is expected that the TDI market will be weak in the later period and pay attention to the policy guidance of the factory.

Magnesium market trend

On April 3, 2020, the ex factory cash price including tax of magnesium ingots (99.9%, non pickling, simple packaging) in the main domestic production areas was lowered. At present, the main quotation range is 13300-13800 yuan / ton, and the actual single negotiation is the main part.

According to the follow-up of the business agency, the main quotation range of Fugu magnesium ingot (99.9%) is 13300-13500 yuan / ton; Ningxia magnesium ingot (99.9%) is 13400-13550 yuan / ton; Taiyuan magnesium ingot (99.9%) is 13500-13600 yuan / ton; Wenxi magnesium ingot (99.9%) is 13600-13700 yuan / ton.

According to the data of business agency, the average price of domestic market on March 3 was 13583.33 yuan / ton, a decrease of 6.64% compared with the average price of 14550 yuan / ton at the beginning of March (3.1). In recent years, the price of magnesium ingot has been declining all the way. At present, the price has reached a low level for nearly three years. On the one hand, based on the short-term imbalance between supply and demand, some magnesium enterprises in the main production area are willing to ship at a high price due to their strong demand for payment collection; on the other hand, due to the general decline of bulk commodities in recent years, the downstream willingness to receive goods has declined, and the willingness of traders to store goods has fallen to the freezing point. The purchase is mainly based on rigid demand, with a small number of batches Lord, such as the city is more cautious. The overall purchase volume of the market is not much, and the trading is relatively light.

Expected market outlook

The downstream demand is weak. At present, the price of magnesium ingot is obviously moving down. The current price is low, and the market purchase may recover. If the market continues to reduce the market, it is expected that some factories will be shut down for maintenance in April in advance. It is expected that the recent magnesium market game will be intensified, the stable and weak operation in the near future will be the main factor, 13000 front-line will obtain strong support, and later pay attention to the change of downstream market purchase rhythm.

According to cnbc.com on April 1, Edward bell, an analyst with Emirates NBD, said that without a diplomatic breakthrough, the oil price war between Saudi Arabia and Russia could last until the end of 2020.

The failure of OPEC to reach an agreement led to a price war between Saudi Arabia and Russia in the global outbreak crisis, with oil prices plummeting more than 60% since the beginning of the year.

Brent crude oil futures in Asia fell 5.01 percent to $25.03 late Wednesday. US crude oil futures fell 1.03% to $20.27.

Bell told CNBC’s capital connect show that increasing production could help Saudi Arabia sustain its oil revenues in the face of low oil prices. If Russia, a non OPEC member, or OPEC member states decide to call for some form of production reduction, the oil market could resume its performance in the past few years.

He added that if Saudi Arabia wanted to expand its position as the world’s major oil supplier, it would cause “great pain” to marginal producers. “It will have to try to squeeze it out of the oil market as permanently as possible.”

1、 Price trend

According to the data of the bulk list of business agencies, the market trend of domestic PA66 market in March was weak, and the price was mostly reduced. As of April 1, the average price of the mainstream offer of PA66 is about 21850.00 yuan / ton, a decrease of 2.89% compared with the average price at the beginning of March.

Analysis of influencing factors:

In March, the market of adipic acid in the upper reaches of PA66 was weak and expanded. In the first ten days of the month, the price of adipic acid kept a narrow fluctuation and was mainly adjusted downward. At the end of the month, the price of adipic acid went down sharply due to the sharp decrease of settlement price by the manufacturer and the listing price in April. At present, the market is still generally affected by public health events, supply and demand are not strong, and transaction is frozen. The price of adipic acid has been at a low level in the past decade, and the main driving force for the sharp decline of adipic acid price is the overstock of inventory and the lack of demand. On the cost side, the continuous decline of pure benzene price makes the adipic acid Market worse. However, the downstream demand is still not improved, and the operating rate remains at a historical low throughout the month. In addition, with the increase of social inventory pressure and sharp decline of external demand, it is difficult to find a breakthrough in adipic acid export. The price of adipic acid is expected to remain weak in the short term;

This month, PA66 market atmosphere in the context of imbalance between supply and demand more cold, the market is more negative. In terms of supply, PA66 has sufficient spot performance, and logistics is no longer a resistance. However, the low level of starting load of downstream plants is the hard injury of demand this month. The on-site trading is just in need, with few trading information and no large-scale stock.

Future forecast:

Business analysts believe: in March, the domestic PA66 market continued to adjust its weak position. The spot price of adipic acid in the upstream declined significantly, which gave poor support to the cost side of PA66. The return rate of downstream factories needs to be improved. The replenishment operation is rigid and the demand is very limited. The market atmosphere is oversupplied, and the industry has insufficient confidence in the future market. It is expected that PA66 market will not improve in the short term.

Since October 2019, the chemical market has been declining continuously, especially in 2020, it is like riding a roller coaster, falling out of a “new height” for three consecutive months. According to the monitoring data of the business association, the chemical industry index fell 96 points in March, 621 points on March 31, 14 points lower than that on March 30, 38.88% lower than the highest point 1016 (2012-03-13), and 3.50% higher than the lowest point 600 (Note: WTI crude oil 26.7 in January 2016). The chemical market swoops down, but the current chemical market has not reached the bottom. (Note: cycle refers to 2011-12-01 to now)

According to the price monitoring of business agency (100ppi. Com), a bulk commodity data provider under the business treasure of netsheng, according to the price monitoring of business agency, in March 2020, there are 24 kinds of commodities in the list of commodity prices rising and falling, compared with that in February, there are 4 kinds of commodities in the chemical sector, including 7 kinds of commodities with an increase of more than 5%, accounting for 8% of the number of commodities monitored in the sector; the top 3 commodities are isopropanol (55.64%) , formic acid (20.51%), ammonium chloride (20.48%).

A total of 59 goods fell month on month, an increase of 11 compared with February. There are 46 kinds of commodities with a decline of more than 5%, an increase of 19 kinds compared with February, accounting for 52.9% of the number of commodities monitored in the sector; the top three products with a decline are pure benzene (- 49.82%), crude benzene (- 36.94%) and toluene (- 33.67%). The average rise and fall in March was – 8.47%, compared with the average rise and fall of – 2.53% in February, and the fall volume and decline of the whole chemical products in March further increased.

For the chemical market, March is undoubtedly the most miserable month. On the one hand, the negotiation of Russia’s crude oil production reduction broke down, which caused the crude oil to plummet overnight, with the WTI crude oil dropping as much as 56.51% in the whole March; on the other hand, the overseas public health events continued to spread, with 840000 people in nearly 200 countries confirmed and no turning point yet. According to the monitoring data of the business agency, the chemical market recorded its biggest monthly decline in a decade in March, down 16.13%.

Three segments continue to create myth for a better product

From the perspective of sub sectors, the fertilizer sector, fluorine chemical raw materials and a few pharmaceutical raw materials continued to maintain the overall upward momentum in March, among which the raw materials trend of each industrial chain is more eye-catching. Isopropanol is unique. Due to the demand of overseas disinfection market, the export of isopropanol increased significantly, up 57.4% in a single month. The details are as follows:

1. The fertilizer sector maintained a good momentum in March. According to the price monitoring of the business agency, there are 7 rising commodities and 2 falling commodities in the price up and down list of chemical fertilizer in March 2020. The main rising commodities are ammonium chloride (20.48%), liquid ammonia (14.20%), monoammonium phosphate (4.52%); the main falling commodities are ammonium nitrate (- 2.94%) and urea (- 1.90%). In March, the fertilizer sector was up or down 4.7%. Demand: with the increase of agricultural seasonal demand, in this year’s spring ploughing and fertilizer preparation stage, the chemical fertilizer market is the first to lead the chemical industry, and with the support of the state’s high-speed and free policies, the industrial demand after the festival has also maintained a good momentum, but dropped to a certain extent year on year. Supply: in March, the operating rate of chemical fertilizer enterprises gradually increased, the overall supply increased, and the inventory pressure was large. In terms of import and export, according to the data released by the national customs, the import and export volume of chemical fertilizer in the first two months has both declined. The international situation is not optimistic, which leads to the lack of market confidence and has a negative impact on the import and export. In general, the chemical fertilizer sector went up for a decent period in March, but in April, affected by the international and domestic supply and demand situation, the export will also die, and the chemical fertilizer products will go up Or it will be suspended, with minor shocks in April.

2. Fluorite and hydrofluoric acid, as the raw materials of fluorine chemical industry, generally rose first and then fell in March. At the initial stage, they continued the sharp rise in February. Under the situation of tight market supply, fluorite and hydrofluoric acid rose sharply, with the increase of 18% and 11% respectively. After the resumption of production in late March, with the rise of temperature, fluorite enterprises in the North continued to resume work The supply of stone enterprises increased, and the price of fluorite with sufficient supply within the site fell. However, the demand of terminal refrigeration industry has declined sharply. Recently, the air conditioning industry is in a recession. There is strong resistance to high price raw materials. Manufacturers of hydrofluoric acid are not active in purchasing, which reflects serious losses and accelerates the plunge of raw materials.

3. Since March, due to the increasing demand of overseas disinfectant Market, isopropanol has soared after entering the middle of March. According to the monitoring data of business agency, isopropanol in East China was offered at 6025 yuan / ton on March 13 and 10233.3 yuan / ton on March 31, with an overall increase of 55.64% and an amplitude of 69.85% in March. With the spread of the overseas epidemic, it is expected that the use of disinfectants will not decrease from April to May. At present, the order is scheduled to the middle of April, and the supply of disinfectants in the late April in East China has improved. According to the monitoring of the business agency, the price of isopropanol in Shandong is 10000-12000 yuan / ton, and that of Jiangsu is 10000-15000 yuan / ton. The current market still has some conflicts with the high price, so we should continue to pay attention to the country The development of international epidemic situation and the flow of market resources in the later stage.

The chemical market has been devastated by the collapse of crude oil

The price of crude oil will determine the focus of petrochemical industry. In March, the chemical industry market with crude oil plummeting was devastated, with all-round green. Petrochemical products such as aromatics industry chain, propylene industry chain, styrene industry chain and phenol ketone industry chain fell sharply, setting a new record for five years and ten years. As shown in the figure below:

The sharp decline of domestic chemical market in March is mainly due to the sudden drop of crude oil and the spread of public events, and domestic demand is not getting better. Especially, aromatics and benzene in the downstream of crude oil declined significantly. Pure benzene fell 49.82% in March, ranking first. In order to hedge losses and reduce costs as soon as possible, the enterprise operating rate picked up in March, making domestic supply under the condition that demand is not getting better Further increase, coupled with the impact of the arrival of low-cost pure benzene outside Shanghai, made the domestic market drop again and again. The decline of pure benzene has driven the whole industrial chain of crude benzene, hydrobenzene, toluene, xylene, styrene, phenol, etc. At present, market confidence is insufficient, various stimulus policies have not formed a virtuous circle, and the market is still bearish.

Looking forward to the future market, business and social chemical analysts believe that since February 2020, the whole market has been broken by public health events, breaking the domestic market in the first quarter and breaking the overseas market in the second quarter. At present, there are still two points to pay attention to: first, the negotiation on crude oil among Saudi Arabia, Russia and the United States. According to relevant reports, the global oil storage space will be filled up in six weeks, which will force the unprecedented large-scale crude oil production capacity to close. In the face of the current demand downturn, even if production reduction and price protection are achieved, it will also recover in the short term, which is hard to say good for the medium and long term, and the pressure on energy and chemical products will continue; second It is the progress of the overseas epidemic, whether the U.S. can have a turning point at the end of April, the number of confirmed cases in India after “21 days”, etc. at present, domestic demand is recovering, but the international situation has greater pressure on the domestic backlash, which is equivalent to pressing the tentative key for the export market of the terminal. To sum up, the long-term recovery of the market still depends on the development of overseas public health events. Only when the events are controlled can the demand recover slowly, and the transaction volume transmitted to the entire industrial chain will increase. According to the monitoring of the business agency, the chemical industry index is 614 points at present. In March, the chemical industry index is down 96 points, which is still far from the lowest point of 600 points on January 31, 2016. According to the current situation, the chemical industry market continues to bottom in April. The business agency expects the chemical industry index to reach 570 points, a new low in ten years.