According to statistics, the price of phthalic anhydride in China continues to decline. As of March 16, the price of phthalic anhydride in ortho phthalic method was 5362.5 yuan / ton. Recently, the price of phthalic anhydride in China has been falling continuously, the demand of plasticizer industry is general, and the market of phthalic anhydride is weak.

In recent years, the market price of phthalic anhydride in China has continued to decline. Due to the impact of a sharp decline in the price of crude oil in the early stage, the price of phthalic anhydride upstream raw material o-benzene has declined significantly, and the affected price of phthalic anhydride market has continued to decline. In addition, some phthalic anhydride manufacturers still have inventory in the near future, and the delivery situation is poor. The market price of phthalic anhydride and phthalic anhydride in East China fell, the downstream factories returned to work slowly, the factory inventory pressure increased, the high-end transactions were blocked, and the market price fell continuously. In East China, 5300-5600 yuan / ton is the main flow of negotiation for neighboring method and 5000-5200 yuan / ton is the main flow of negotiation for naphthalene method; in North China, 5200-5600 yuan / ton is the main flow of quotation for phthalic anhydride market, most of the manufacturers’ prices in the site fall, the downstream construction is not high, the main flow of procurement is on demand, and the wait-and-see mentality is strong. The domestic phthalic anhydride plant starts generally, the spot supply of phthalic anhydride in the site is sufficient, and the price of phthalic anhydride goes along The trend is falling.

In the near future, the execution price of domestic phthalic anhydride upstream product Sinopec has dropped to 5000 yuan / ton, the import phthalic acid Market in port area has been temporarily stable, the quotation has been temporarily stable, the recent port phthalic acid market has been temporarily stable, and the external quotation of phthalic acid has been temporarily stable, the actual transaction price is subject to negotiation, and the detailed discussion shows that the operation of phthalic acid equipment is basically normal, the supply of phthalic acid is stable, and the phthalic anhydride market is affected by the low price of upstream raw materials phthalic acid Market prices continued to fall.

The downstream DOP raw material phthalic anhydride price is temporarily stable, the price of isooctanol is fluctuating and falling, the cost of DOP raw material is fluctuating and falling, DOP enterprises are operating at low load, and the logistics and transportation are recovering gradually in the near future, but DOP manufacturers still have a lot of inventory. DOP price fell, PVC enterprise equipment start low, customer procurement enthusiasm is poor. The mainstream quotation of DOP market is about 6700-7000 yuan / ton, a small amount of market plasticizer is traded, the price of upstream ox is fluctuating, and the market price of phthalic anhydride is expected to be slightly lower in the later stage.

1、 Trend analysis

According to the nickel price monitoring of the business association, on March 16, the price of nickel rose by 3.42% to 100700 yuan / ton, a single day rise of 3000 yuan / ton, down 11.46% from the beginning of the year, down 2.22% year on year.

2、 Market analysis

Nickel prices have been rising and falling in recent years. Previously, due to the impact of international crude oil price war, nickel price once fell below 100000. According to the latest news, the Philippine North Missouri high Province officially signed a document banning foreign ships from March 18 to March 31. Dinagat and South Suriname did not announce relevant laws and regulations for the time being, causing nickel supply concerns and nickel prices should rise. Downstream stainless steel inventory is high, consumption has improved.

3、 Future prospects

Aftermarket forecast: supported by the reduction of supply expectation, downstream consumption is improved, and nickel price is expected to fluctuate strongly in the short term.

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 646.67 yuan / ton, up 7.18% compared with the average ex factory price of 603.33 yuan / ton at the beginning of the week, down 43.44% compared with last year.

2、 Market analysis

Product: this week, the domestic sulfur market negotiation atmosphere was slightly quiet. In terms of external market, the official price of UAE continued to rise in March, the external market was short of spot supply, and the offer in Hong Kong was high and stable. This week, the sulfur price continued to rise, and the lower reaches of the market purchase enthusiasm weakened and mainly on demand. The buyer and the seller intend to keep the price difference, and the on-site trading and investment are mostly stuck on the sidelines. The refinery shipments in various regions are relatively stable. In addition to the stable price operation of individual refineries, refineries in each region will adjust the quotation according to their own shipping situation within the week. As of December 13, Sinopec’s quotation for solid sulfur in East China is 610-710 yuan / ton, and that for liquid sulfur is 490-600 yuan / ton; Sinopec’s quotation for solid sulfur in North China is 530-570 yuan / ton, and that for liquid sulfur is 410-450 yuan / ton; Sinopec’s quotation for solid sulfur in Shandong is 640-650 yuan / ton, and that for liquid sulfur is 430-480 yuan / ton.

Industrial chain: the downstream sulfuric acid market is stable and weak. The supply of smelting acid in Shandong is sufficient, the stock of acid enterprises is high, the demand is weak, and the pressure release is slow. In addition, the start-up load of some sulfur and acid enterprises increased, the supply of sulfonic acid increased, but the downstream follow-up was insufficient, and it could not be consumed quickly in a short period of time. In order to relieve the inventory pressure, the manufacturers continued to sell at a profit. Although Hubei phosphate fertilizer manufacturers started one after another, the surrounding acid plants generally have large inventory and fierce competition for resources. On the other hand, the downstream phosphate fertilizer demand is limited, the market supply is strong and weak, and the acid price rise is weak.

3、 Future forecast

According to the sulfur analyst of the business association, in terms of the current supply and demand performance, the port inventory is high, the refineries in various regions are mainly in stable operation, the downstream phosphate fertilizer supply is increased, the sulfur is purchased on demand, the market is not clear, and the negotiation between the buyer and the seller is deadlocked. It is expected that the sulfur market will be narrowed in the later stage, and the situation of the factories in the future will be seen specifically.

1、 Price trend

From Tuesday to Thursday, aniline prices fell for three consecutive days, with prices in Shandong Province falling by 7.46% to 6200 yuan / ton, down 500 yuan / ton from last Friday, and in Nanjing by 6.52% to 6450 yuan / ton, down 450 yuan / ton from last Friday, according to the data in the bulk list of business associations

2、 Analysis and comment

Raw materials: this week, pure benzene fell precipitously, with the listing price of 4350-4900 yuan / ton, down 9.13% from last week. This week, the pure benzene market was largely affected by crude oil and external market, and the price fell. Sinopec sharply lowered the listing price of pure benzene on Tuesday, from 600 yuan / ton to 4550 yuan / ton; local refineries lowered their prices according to their own conditions. Shandong pure benzene market lower willingness to receive goods, the overall deal was weak, Thursday and Friday sharp weakness. This week’s pure benzene port inventory slightly lower than last week.

The price of nitric acid this week is stable compared with last week, and the production price in East China is 1500 yuan / ton. It has little effect on aniline price.

Product: this week, aniline enterprises suffered from the negative impact of upstream pure benzene and the double impact of poor delivery, the price fell for three consecutive days. Friday’s price is temporarily stable, before consumption, the market is more wait-and-see situation.

3、 Future expectation

Raw materials: crude oil and external market are not optimistic; downstream styrene production capacity is expected to increase, and the factory inventory is high, and other downstream products are also in storage and shipment, and the inventory accumulation is not smooth. The upstream and downstream double negative pure benzene, it is expected that the trend of short-term pure benzene is weak.

The Jinling aniline plant has been restarted. At present, the restart of Jinmao has not been determined. The supply of aniline is sufficient, and the market pays attention to the late trend of upstream pure benzene and downstream operating rate. It is expected that the price of aniline will be stable in the short term, and it will be greatly affected by the price of pure benzene in the later period.

1、 Price trend

This week’s domestic ethanol market mainly fell. According to the monitoring data of the business club, the average price of the domestic ethanol market at the beginning of the week was 5430 yuan / ton, while the domestic ethanol market price at the weekend was 5350 yuan / ton, down 1.47% in the week, 3.08% month on month, 0.62% year-on-year.

2、 Market analysis

Product: this week’s decline in the alcohol market is dominated, but there is little room for the downward trend. The market price in Shandong is weak; the quotation of individual enterprises in Henan is down; the market in Northeast China is weak and stable; the market in East China is weak and downward; the supply in South China is large and the market price is weak and downward; the downstream demand in Anhui is weak and the market price is slightly down.

Industry chain: corn: the price of corn in Northeast China is firm. At present, except for Jilin, Heilongjiang’s prevention and control efforts have not been reduced. The recovery of goods is slow. There is not much surplus grain in the hands of farmers. There is little surplus grain in other areas, which is basically in the state of grain grabbing. The main surplus grain is still in Jilin. According to my statistics of agricultural products, the surplus grain in Jilin is about 40%, while the trade is about 40% There is not much stock in the hands of e-businessmen, and the price remains firm. At the same time, the corn price in North China is weak. Deep processing enterprises adjust the price according to the amount of goods arrived. The price of vehicles arrived in these two days has dropped continuously. The price may reach a bottom. According to the situation of grain grabbing in Northeast China, the corn price in North China will rise soon.

Ethyl acetate: the domestic market of ethyl acetate is weak this week. At present, the domestic ethyl acetate starts stably, the market spot supply is sufficient, the downstream terminal industry recovers dispersively and slowly, and the substantial demand for ethyl acetate is low, which leads to the passive competition among suppliers for shipment, and promotes the transaction price of ethyl acetate to go down one after another. However, the raw material acetic acid fell steadily, and the cost side gave some support. The decline of ethyl acetate passively compressed its own profit shipment, and the turnover in South China market was seriously reversed. The short-term ethyl acetate Market as a whole is in a negative situation. This week’s downward trend aggravates the market’s bearish mentality, and the market’s substantive demand is limited. It is expected that the weak situation will continue in the later stage.

3、 Future forecast

According to the prediction of the ethanol analysts of the business agency, the short-term ethanol market is weak, the inventory of raw corn in Northeast China is not high, and the willingness to pull up is high. At present, the inventory of large factories is not high, but the downstream demand is difficult to improve significantly in a short period of time. The price in Henan is likely to continue to weaken, and the price in surrounding areas continues to weaken. At present, arbitrage from Henan to East China is closed, and most of the East China regions are from Due to the low price of goods purchased and delivered in Northeast China, it is expected that the short-term market will be vulnerable to consolidation; due to the large supply of goods in East China and limited downstream demand, it is expected that the short-term market will be vulnerable to consolidation.

1、 Price trend

According to the data of the business club’s large list, the market price of propylene (Shandong) in China fell continuously this week, with the weekly high price at the beginning of the week of 63673 yuan / ton; the weekly low price at the end of the week of 6223 yuan / ton, with the weekly drop of 6.60%.

2、 Analysis and comment

Products: in March, the decline trend of propylene price in Shandong Province in the early stage of reform began. On the first day, the prices of some enterprises rose slightly. On the second day, the prices of the whole line rose slightly. On the third and the fourth day, the prices of most enterprises generally rose. On the fifth day, the prices of some enterprises increased by about 50-100 yuan / ton. On the sixth day, the prices of enterprises began to fluctuate up and down, but the range was relatively small. On the tenth day, the prices generally fell by 50-100 yuan / ton. On the eleventh day, the prices slightly fell by 50 yuan / ton The daily price slightly declined by 50-100 yuan / ton. Today, the price dropped by 200-300 yuan / ton. At present, the market turnover is 6100-6650 yuan / ton, and the mainstream price is 6100-6150 yuan / ton.

Industry chain: upstream, influenced by the OPEC meeting in the past few days, international crude oil plummeted in a row. Influenced by the hope of economic stimulus plan and US producers’ spending cuts on the 10th, American crude oil jumped 8% again. On the 11th, international crude oil fell slightly, and on the 12th, crude oil fell sharply again. Many times of downward news has a significant negative impact on propylene.

This week, the PP market slightly declined after a small rise, with a weekly decline of 0.93% and a weekly amplitude of 1.39%, which had little impact on propylene.

This week, acrylic acid market remained stable, and the price did not change, which had little impact on propylene.

This week’s propylene oxide market plummeted to 3.44%, which is expected to have a negative impact on propylene.

This week, epichlorohydrin prices fell in a weekend dive, with a one-day decline of 6.67% per week, which had a significant negative impact on propylene.

This week, the domestic price of n-butanol remained stable, with little impact on propylene.

This week’s octanol market is also a straight-line downward trend, with a weekly decline of 3.39%, which has some negative impact on propylene.

The isopropanol market rebounded slightly after the decline this week, with a weekly decline of 3.98% and a weekly amplitude of 4.38%, which was negative for propylene market.

The price of phenol Market in Shandong Province fell 6.14% this week, which has a more obvious negative impact on propylene.

Shandong acetone market fell sharply this week, with a weekly decline of 10.26%, which had a more prominent negative impact on propylene.

3、 Future forecast

According to the propylene analyst of business and chemical branch, the crude oil market has fallen sharply in recent days due to OPEC meeting and international market game. Due to the low production and inventory before propylene, the previous decline was not significant. However, the fluctuation of crude oil is still fierce, and the downstream trend is not ideal. It is expected that the propylene price will be affected by crude oil in the later stage, showing a significant downward trend.

1、 Price trend

According to the price monitoring of the business agency, the domestic methanol market declined significantly. On March 5, the average price of the domestic methanol market was 1992 yuan / ton. As of March 12, the average price of the domestic methanol market was 1872 yuan / ton, down 6.02%. Prices fell 12.81% month on month and 27.20% year on year.

2、 Market analysis

Products: the domestic methanol market is mainly weak, and the methanol market in some regions continues to decline. Port methanol market is linked to in maintenance period, which is still affected by crude oil to some extent. After the price rebounds, it slightly falls back. Spot buying is relatively common. In the short term, we need to pay attention to the change of port inventory. In terms of the mainland market, the overall trading atmosphere is weak, and most regions show a downward trend. Prices in the northwest and southwest regions are temporarily stable, among which the local government in the southwest region has increased the work of resumption of production, and the earlier stage of downstream procurement intersection has slightly improved.

In terms of freight, the freight of methanol market has declined. For the part from north line to North Shandong, the reference is 90-140 yuan / ton, including 130-140 yuan / ton for Daqi to North Shandong, 90-110 yuan / ton for mainland to North Shandong; 130-160 yuan / ton for South line to North Shandong; 100-150 yuan / ton for Guanzhong to North Shandong, 100-120 yuan / ton for South Shandong, 150 yuan / ton for part Lianyungang; 70-150 yuan / ton for Shanxi to North Shandong. 180-210 yuan / ton from Ningxia to North Shandong.

Industry chain: formaldehyde: the domestic formaldehyde market has a narrow range. Due to the fluctuation of methanol market in the upstream and the improvement of formaldehyde market, the demand follow-up in the downstream market is weak, which leads to the lower quotation in some areas of formaldehyde and the general transaction.

Acetic acid: the atmosphere of domestic acetic acid market is on the sidelines. Due to inventory problems, the prices quoted by Henan manufacturers are up and down. However, the market supply is sufficient, and the market transaction is still rational. The short-term market is in a wait-and-see state. Shandong Yankuang acetic acid plant is expected to stop this week to ease the situation of oversupply in the market. The resumption of work in the terminal industry is slow. The market in some areas is still weak. The acetic acid market atmosphere is waiting.

Dimethyl ether: the domestic market of dimethyl ether is weak, and the prices in some regions are adjusted flexibly. Henan Province, the main production area, has poor trading and low price. The mainstream price is 2770-2850 yuan / ton. There are signs of price reduction in Southwest China. The low-end price has dropped to 2750 yuan / ton, and market transactions continue to be weak.

3、 Future forecast

From the perspective of business community: on the positive side, on the cost side: at present, the profits of enterprises are generally poor, and the cost support is fair under partial losses; at present, the price is relatively low, so it is not excluded that some of the middle and lower reaches copy the bottom and stock up. On the negative side, the supply side: some of the early-stage shutdown / load reduction devices have been recovered, and the supply side is relatively abundant; on the downstream side: Linyi formaldehyde resumption time is delayed, and at present, the overall receiving atmosphere in the downstream is poor, and the local demand side is hard to boost in a short term; freight: the recent freight continues to decline, and the arrival cost has been reduced. According to the methanol analysts of the business association, the short-term domestic methanol market is adjusted according to its own supply and demand, and there is still a decline expectation in some areas.

1、 Price trend:

According to the monitoring data of the business agency, the price of ethylene in the external market has declined recently. The average price of ethylene on the 12th was $710.00/ton, down 5.30% compared with $749.75/ton on the 9th, and the current price is 28.43% lower than last year.

2、 Market analysis:

Product: ethylene has declined in recent days. Asian ethylene market prices fell, as of December 12, CFR Northeast Asia closed at $640-650 / T, and CFR Southeast Asia closed at $629-639 / T. The price of European ethylene market fell slightly. As of the 12th, the price of European ethylene market was FD, northwest Europe closed at 823-833 US dollars / ton, and CIF northwest Europe closed at 730-734 US dollars / ton. The price of ethylene in the U.S. region rebounded slightly. As of the 12th, the price was 275-287 USD / ton. Overall: in recent years, the market of ethylene in Europe and the United States has been on the decline. After the U.S. ethylene market fell to a low point, it rebounded a little, and the whole ethylene market has been on the decline. The industry pays more attention to the supply and demand after the festival.

Industry chain: International: on March 11, New York Mercantile futures exchange, West Texas light oil futures settlement price in April 2020 was $32.98 per barrel, down $1.38 or 4.0% compared with the previous trading day; London Intercontinental Exchange Brent crude oil futures settlement price in May 2020 was $35.79 per barrel, down $1.43 or 3.8% compared with the previous trading day; crude oil inventory increased for seven consecutive weeks, and the price was down $1.43 or 3.8% compared with the previous trading day Georgia continued to fall sharply, unable to play a supporting role in the price of ethylene, and the external market of ethylene fell again. After the sharp fall of downstream styrene price, the consolidation and ethanol market are also at a low level, unable to support the ethylene price, and there is a possibility of further follow-up.

3、 Future forecast:

According to ethylene analyst of business Chemical Branch, Saudi Arabia and Russia have serious differences on the production reduction agreement, which has led to a sharp drop in crude oil market. It fell to its lowest level since 2017. Unable to support the price of ethylene, so business analysts expect the price of ethylene to keep a narrow decline in the future.

According to statistics, the price of phthalic anhydride in China continues to decline. As of March 12, the price of phthalic anhydride from o-phthalic acid process was 5487.5 yuan / ton. Since 2020, the price of phthalic anhydride has dropped by 12.9%, down 19.7% year on year. Recently, the price of phthalic anhydride in China has been falling continuously, and the market price of phthalic anhydride has fallen to a new low within the year.

In recent years, the market price of domestic phthalic anhydride continues to decline. Due to the sharp drop of crude oil price in the past few days, the price of phthalic anhydride upstream raw material ortho benzene has dropped by 600 yuan / ton. In addition, the downstream of the terminal has not been fully recovered in the near future, some phthalic anhydride manufacturers still have inventory, and the delivery situation is poor. Affected by the large drop of raw material price, the market price of domestic phthalic anhydride has been falling continuously. The market price of phthalic anhydride in East China has fallen, the downstream factories have been shut down a lot, the factory inventory pressure has increased, and the high-end transaction has been blocked. In recent years, the inventory of manufacturers has increased, and the market price of phthalic anhydride has declined. In East China, the mainstream of neighboring source negotiation is 5300-5500 yuan / ton, and the mainstream of naphthalene source negotiation is 5000-5200 yuan / ton. In North China, the mainstream quotation of phthalic anhydride market is 5300-5500 yuan / ton, The prices of most manufacturers in the site fell, and the downstream purchase was mainly on demand, with a strong wait-and-see mentality, and the market price of phthalic anhydride fell sharply.

In recent years, the execution price of domestic phthalic anhydride upstream product Sinopec has dropped to 5000 yuan / ton, and the import phthalic acid Market in port area is slightly lower. In recent years, the port phthalic acid market is weak, the port inventory has increased, and the external quotation of phthalic acid is lower. The actual transaction price is subject to negotiation, and the actual list is discussed in detail. The market price of phthalic anhydride continues to decline due to the impact of the decline of upstream raw material phthalic acid price.

The lower DOP raw material price of isooctanol fluctuated and fell, the DOP raw material cost fluctuated and fell, the DOP enterprise operated at low load, the logistics transportation was limited in the near future, it was difficult to get out of the warehouse, and the DOP manufacturer’s inventory increased. The price of DOP fell, the purchasing enthusiasm of customers was poor, the price of downstream PVC fell, and the equipment of PVC enterprises started at a low level. The main quotation of DOP market is about 6700-7000 yuan / ton, a small amount of market plasticizers are traded, the downstream demand is poor, and the market price of phthalic anhydride is significantly lower.

In the later stage, the crude oil price has not significantly increased in the short term. In addition, the peak season of downstream plasticizer industry is over, and the demand for upstream phthalic anhydride is limited. In addition, the impact of national health events, it is expected that in the later stage, the price of phthalic anhydride market will rise under a lot of pressure and will still fall.

On March 11, the HFA commodity index was 104.36, unchanged from yesterday, down 25.69% from 140.43 (2018-02-21), the highest point in the cycle, and up 94.74% from 53.59, the lowest point on November 30, 2016. (Note: cycle refers to 2011-09-01 to now).

According to statistics, the price trend of domestic hydrofluoric acid market is temporarily stable. Up to now, the price of domestic hydrofluoric acid market is 11500 yuan / ton, and the operation rate of domestic hydrofluoric acid is more than 60%. The enterprise reflects that the current spot supply of hydrofluoric acid in the site is normal. Due to the impact of public health events, some units have not been started, and the recent market of goods in the hydrofluoric acid site is relatively smooth. Due to the general downstream demand, hydrofluoric acid market is relatively smooth The market price trend is stable for the time being. At present, the mainstream of hydrofluoric acid negotiation in the south is 11000-11500 yuan / ton, and the price of hydrofluoric acid in the north market is 10500-11500 yuan / ton. The price trend of domestic hydrofluoric acid market is stable for the time being, the supply of spot goods is normal, but the demand situation is not improved obviously, and the price trend of hydrofluoric acid is stable for the time being.

The market price of upstream fluorite is higher. In recent years, fluorite manufacturers are limited to start production. The supply of fluorite is very tight. Fluorite price has been at a high level. As of the 12th day, the price of fluorite is 3400 yuan / ton. The rise of upstream raw material price brings certain cost support to hydrofluoric acid market. The price trend of hydrofluoric acid market is affected by the price support of raw material fluorite. In the near future, the transaction market of downstream refrigerants of the terminal is general. At present, the automobile industry is gradually back to work. The domestic R22 supply is normal. The market price trend of domestic refrigerants R22 is temporarily stable. The starting load of the manufacturer’s production units is still not high. The supply of goods in the market is general. The downstream air conditioning manufacturers stop more and the demand changes little. The price mainstream of domestic large enterprises is 16500-18500 yuan / ton. The price trend of domestic R134a market is stable temporarily, and the unit operation rate of production enterprises remains low. At present, the downstream operation is not high, and the demand for R134a is general. At present, the supply of R134a in the market is normal, and the price remains stable, while the downstream purchase is still on demand, and the downstream market is general, and the price trend of hydrofluoric acid market is stable temporarily.

Generally speaking, the turnover in the refrigerant market is not very big. For the upstream hydrofluoric acid market, purchasing is on demand. However, with the shortage of fluorite supply and certain support for the cost, Chen Ling, an analyst at the business club, believes that the market price of hydrofluoric acid may remain at a high level.