I. Price Trend Chart of Polyformaldehyde Market

Price Curve of Polyformaldehyde

(Photo Source: Business Association Commodity Analysis System)

According to the monitoring of business associations, the average price of polyformaldehyde (96) in Shandong this week was 4866 yuan/ton, and the price was stable for the time being.

II. Market Analysis

Products: Shandong Aldehyde Industry Chemical Co., Ltd., with an annual output of 30,000 tons of polyformaldehyde, the price of polyformaldehyde (96) is 4800 yuan/ton with tax, and the price is stable.  Linyi Shengyang Chemical Co., Ltd. produces 9000 tons of polyformaldehyde per year. The price of polyformaldehyde (96) is 4800 yuan/ton with tax, and the price is stable. Nanjing Qianrui Chemical Co., Ltd. quotes 4500 yuan/ton of polyformaldehyde (92) with tax. Zibo Qixing Chemical Technology Co., Ltd. produces 10,000 tons of polyformaldehyde per year, and the price of polyformaldehyde (96) is 4800 yuan/ton with tax. Due to the recent environmental inspection factors, the factory started abnormally and intermittently. The price of the factory is slightly firm.

Industry chain: The domestic methanol market is on the strong side this week. At the beginning of the week, the average domestic methanol market price was 1994 yuan/ton, and at the end of the week it was 2090 yuan/ton, an increase of 4.81%. The downstream demand for polyformaldehyde is general.

3. Future Market Forecast

To sum up, the analysts of polyformaldehyde in business associations believe that polyformaldehyde may be stable in operation.

I. Trend of Rare Earth Market

As of September 6, the price of Pd-Nd oxides rose by 327,500 yuan per ton at the weekend, 2.02% and 0.77% year-on-year, 1.05% and 67.10% year-on-year, respectively. The domestic reference quotation for Pd-Fe alloys was 1930 yuan/ton, and the domestic reference quotation for Pd-Nd alloys was 413. 500 yuan/ton, the price trend increased by 2.99%, 0.24% year-on-year; praseodymium oxide factory mainstream quotation at 382 500 yuan/ton, the price trend temporarily stable, down 6.71%; dysprosium oxide factory mainstream quotation at 1930 000 yuan/ton, the price trend increased by 1.05%, up 68.56% year-on-year; neodymium oxide factory price at 329 500 yuan/ton, the price trend increased by 2%. The price trend of neodymium increased by 2.99% and 1.47% compared with the same period of last year, while that of praseodymium was 695,000 yuan/ton. The price trend of praseodymium was temporarily stable and increased by 5.30% compared with the same period of last year. The mainstream price of dysprosium was 2325,000 yuan/ton, and the price trend rose by 1.09% and 43.08% compared with the same period of last year.

II. Rare Earth Price Index

On September 6, the rare earth index was 380 points, up 1 point from yesterday, down 62.00% from the cyclical peak of 1000 points (2011-12-06) and 40.22% from the lowest point of 271 on September 13, 2015.  (Note: Period refers to 2011-12-01 to date).

III. Market Analysis

Recently, the price of some rare earth products has risen. The price of praseodymium and neodymium products has risen by about 3%. The price of neodymium oxide and neodymium oxide has risen first. However, the downstream demand for light rare earth has not improved significantly. A small number of downstream merchants replenish their products on demand. The actual transaction price is still at a low level, and the on-site wait-and-see sentiment is strong in the heavy rare earth market. Prices have risen by about 1%. Due to Myanmar’s export restrictions, the domestic supply of heavy rare earths is tight, and prices have been at a high level. The rising price of rare earth market is related to environmental protection supervision in the whole country. Rare earth production has its particularity, especially the radiation hazards of some products, which makes environmental protection supervision more stringent. Under strict environmental protection inspection, manufacturers control sales reasonably, but in the near future, they are greatly affected by external environment. They mainly benefit from the active distribution of new energy fields by mainstream automobile factories at home and abroad. The increasing number of new energy vehicles has brought some favorable support to the rare earth market. The price of domestic rare earth market is rising, but in the near future, the prices of domestic rare earth market are rising. Large conglomerates are also cautious about pricing their products.

Recently, the State Environmental Protection Department has made no reduction in its stringent efforts, which has a greater impact on the rare earth industry. The rare earth industry has a low start-up and a cold market. At the recent press conference on macroeconomic operation held by the Development and Reform Commission, Meng Wei, spokesman of the National Development and Reform Commission (NDRC), answering reporters’questions on rare earth, said that on the basis of in-depth investigation and scientific demonstration, relevant policies and measures would be put forward to give full play to the special value of rare earth as a strategic resource. Due to the increasingly obvious regulatory effect, the rectification of rare earth industry in Jiangxi Province, a major rare earth province, has been further strengthened. The supply of raw ore resources in the upstream of the rare earth industry is tight. The price of the domestic rare earth market has risen. Domestic stakeholders are waiting for good news on policies and national reserves.

IV. Future Prospects

Rare earth analysts of business associations expect that the domestic environmental protection inspection will not decrease in the near future, together with the strengthening of domestic efforts to rectify the order of the rare earth industry and the tight supply. In addition, the recent rare earth market trading market has improved, but the demand for new energy vehicles has increased, and the price of rare earth market is expected to rise. Potential.

Price Trend

In August 2019, the domestic BDO market rose first and then stabilized.  According to the sample data monitored by business associations, the price of BDO was 9280 yuan/ton at the beginning of the month, and 93600 yuan/ton at the end of the month, with an increase of 0.86% in the month. Prices fell by 18.30% over the same period last year.

II. Market Analysis

Product: This month, the domestic BDO market is frozen after a narrow increase. At the beginning of this month, the Kaixiang device for safety investigation due to Yima explosion parking in late July had not yet started, while the overhaul device restarted at the end of July had a low load, a low market start-up rate, factories took the opportunity to boost the market, and middlemen followed up to raise the offer. Although the trading focus rose, the downstream demand was still mainly just needed, and the increase was not significant. In mid-month, Shaanxi and Tianhua changed catalysts for short shutdown, Dongyuan shutdown maintenance, together with the alternate rise and fall of raw materials calcium carbide and methanol, the cost pressure is strong, and the factory still intends to boost the market, but the shutdown maintenance of Tunhe PBT plant, the main downstream PBT start-up rate dropped to about 50%; PTMEG as a whole started to maintain about 7-80%, the demand is limited, and the shutdown rate is about 50%. Slow digestion leads to the supply and demand game in the domestic BDO market, which is deadlocked. At the end of the month, raw material calcium carbide and methanol declined narrowly and cost support weakened. After the restart of Tianhua and Shaanhua, the load gradually increased, and the supply of goods increased. At the same time, the new production capacity of Black Cat was tested and the samples arrived at the market. The downstream market entry was cautious and warehouse replenishment was on demand. To a certain extent, the firm’s price-fixing mentality has been impacted, with stable offer and market stability as the main factors. From the current supply and demand side, there are still uncertainties about whether the new capacity can enter the market smoothly. When Dongyuan drives next month, it hasn’t heard about the planned overhaul of the equipment, and the supply may increase. Although it is about to enter the traditional peak season of Jinjiu, there is no spot atmosphere downstream, so it just needs to be purchased. In terms of price, the main stream of bulk water supply negotiations in East China is 8600-9000 yuan/ton, while that in South China is 8600-9000 yuan/ton. (Acceptance delivered)

In terms of installation, Shaanxi Ronghe BDO device with a capacity of 60,000 tons/year stopped on January 23. Due to the technical renovation of equipment, it is expected to start at the end of October.  Xinjiang Tianye plant, which has been routinely parked and repaired since mid-May, has only been in normal operation for a period of time. Other devices are tentatively scheduled to start after National Day.  Henan Kaixiang Yinyima Gasification Plant exploded and stopped for safety investigation on July 19. The restart time is uncertain. Shaanxi Bidio plant replaced catalyst on August 9 and restarted on August 13.  Sichuan Tianhua Phase II 60,000 tons/year plant changed catalyst on August 12 and started on August 17. The first phase of parking overhaul is under way. Inner Mongolia Dongyuan plant stopped for maintenance on August 13, and is expected to be around 25 days. Shaanxi Black Cat has added 60,000 tons/year capacity since its trial run on August 19. Hearing samples have arrived.

Industry chain: raw materials: methanol: methanol market in Northwest China rose first and then fell this month. Mainstream prices in Inner Mongolia rose to 1800 yuan/ton in the first ten days of January. Enterprises shipped smoothly. Most manufacturers stopped selling. Traders maintained a positive attitude toward the market. Their willingness to stock goods was obvious. Mainstream prices in Guanzhong rose to around 2000 yuan/ton. Most manufacturers parked and repaired. Enterprises supported by low supply supported the market and kept their stocks in good condition. Position level, steady downstream delivery. In late January, with the resumption of Xianyang, Weihua and other devices, combined with the weaker impact of the futures market, downstream and traders are more cautious about receiving goods. Mainstream prices in Northwest China have fallen somewhat. Currently, mainstream transactions in Inner Mongolia have fallen to 1605 yuan/ton, and mainstream prices in Guanzhong have fallen to 1550 yuan/ton. At present, the downstream market demand is weak, and the port inventory remains high.

Calcium carbide: This month, the domestic calcium carbide Market as a whole showed a downward trend, mainly affected by supply and demand game, regional price adjustment is obvious. Affected by road safety inspection in the early stage, transportation in Northwest China was under pressure. Under the pressure of high inventory, enterprises implemented preferential policies and factory prices continued to decline. In the middle and late ten days, downstream demand has increased, road security has slowed down compared with the earlier period, and enterprise shipments are smooth. Affected by address disasters, road transportation in Sichuan is hindered. Enterprises are actively purchasing in Northwest China to accelerate the consumption of inventory in Northwest China. Parts of Shandong Province are still affected by road security and transportation, and the arrival of calcium carbide is limited. But as a whole, the carbide downstream arrival is sufficient, and the procurement price of the industry as a whole shows a downward trend. Next month, as the National Day approaches, the policy impact of transportation and environmental protection will increase. Downstream overhaul, plant load start-up aggravate market expectations, the overall market supply is still sufficient, calcium carbide prices are expected to fall in mid-early September.

Downstream, Henan Kaixiang PBT device stopped on May 30, and the restart time is uncertain. Nantong Star PBT device stopped in early July for maintenance and restarted on August 16. The 60,000-ton/year PBT plant in Tunhe, Lanshan, Xinjiang stopped on August 9, and the restart time was uncertain. The PBT unit operates on two lines with a load of about 80%. The maintenance plan of Sanlong PTMEG plant in Hangzhou was delayed, and the load of other devices was about 7-8%.

Industry: According to the price monitoring of business associations, in August 2019, there were 37 commodities rising annually in the chemical sector, of which 15 commodities increased by more than 5%, accounting for 17.9% of the monitored commodities in the sector; the first three commodities were hydrogen peroxide (39.93%), acetic acid (20.90%) and butadiene (14.47%). There are 39 kinds of products with a decline of more than 5%, accounting for 15.5% of the monitored products in this sector. The products with the first three declines are yellow phosphorus (-27.58%), epichlorohydrin (-23.28%) and sulfur (-19.38%). This month’s average rise and fall was 0.03%.

3. Future Market Forecast

To sum up, in September, whether the new black cat production capacity will enter the market smoothly remains uncertain. Dongyuan started in early September and has not heard of the planned overhaul of other devices, and the spot supply may increase. Although it is about to enter the traditional peak season of Golden Ninth, there is no spot atmosphere downstream, and it still needs to be purchased mainly. Factory price-keeping intention still exists, supply and demand continue to play a game, business association BDO analysts expect that the domestic BDO market will continue to be weak and stable next month, and specific adjustments will follow the changes in market supply and demand.

Price Trend

The domestic liquefied petroleum gas (Shandong) market rebounded after falling this week. The average price of domestic liquefied petroleum gas market was 3743.33 yuan/ton at the beginning of the week, and 3730 yuan/ton at the end of the week. Within the week, the price fell by 0.36%, 20.79% compared with the same period last year.

II. Analysis of Influencing Factors

Products: This week, domestic liquefied petroleum gas fell first and then rose, rebounded slightly, and the market trading atmosphere improved.  As of August 30. The ex-factory price of liquefied gas of Sinopec Guangzhou Chemical Co., Ltd. is 3180 yuan/ton, that of Jingmen Petrochemical Co., Ltd. is 3450 yuan/ton, that of Shanghai Petrochemical Co., Ltd. is 3310 yuan/ton, that of Qingdao Petrochemical Co., Ltd. is 3390 yuan/ton, and that of Shijiazhuang Petrochemical Co., Ltd. is 3390 yuan/ton. The company’s liquefied gas ex-factory price is 3500 yuan/ton. Sinopec Luoyang Petrochemical Liquefied Gas ex-factory price is 3600 yuan/ton.

Industry chain: The dimethyl ether Market has fallen in succession this week, and the trading climate has continued to be poor. The cost of methanol oscillation is lower, and narrow range finishing is dominant.  Although the liquefied petroleum gas (LPG) has risen over the weekend, its benefits are limited. The situation of dimethyl ether is difficult to improve. Most enterprises’prices fell below 3000 yuan this week. The downstream market has a strong hollow outlook on the future market. Most of them are on demand and wait-and-see. Henan Xinlian once again implements the price floor policy, the manufacturers’shipment has been blocked continuously, and the price has fallen. This week, propane market first restrained and then rose. At the beginning of the week, propane steadily went downward and downward. The trend was weak. There was no good support for the market. The downstream supply was mostly on demand. The enthusiasm for entering the market was not high. The overall market atmosphere was low. The inventory of the manufacturers was cumulative, and the delivery of profits was the main factor. Late in the week, international crude oil rose steadily, domestic liquefied petroleum gas spot followed the upward trend, coupled with the introduction of CP price in September, butane was flat compared with last month, propane was slightly lower than last month, the decline was less than expected, which boosted the market mentality. Under the downstream buy-up mentality, replenishment into the market, the market transaction atmosphere improved, manufacturers shipped more smoothly, inventory pressure eased, and there is no obvious pressure on inventory at present.

This week, the domestic liquefied petroleum gas (Shandong) market rebounded slightly after the fall. Prices fell for two consecutive days at the beginning of the week, falling by about 50-100 yuan/ton. Inventories of factories accumulated to the highest level last weekend. Petrochemical enterprises also continuously lowered prices on non-price-adjusting days to stimulate downstream market entry. Other units followed the decline, and downstream timely market replenishment, market delivery. Significant improvement, factory inventory eased. Since Wednesday, the price of international crude oil has been rising continuously, which is good for the market mentality. The downstream bullish mentality has been restored. The enthusiasm of entering the market is good, and the shipments of manufacturers are smooth.

Saudi Amy Corp. announced in September that the price of propane was lowered and the price of butane was flat. Propane was $350 per ton, down by $20 per ton from last month; butane was $360 per ton, flat from last month. The cost of long-term approximate cargo propane converted to onshore is around 3 022 yuan/ton and that of butane 3100 yuan/ton.

Industry: According to the business association price monitoring, in the 33rd week of 2019 (8.19-8.23), there were six kinds of commodities rising in the energy sector, the first three of which were liquefied natural gas (2.89%), Brent crude oil (2.18%) and MTBE (1.77%). There are seven kinds of commodities that have declined annually. The first three products are methanol (-2.34%), petroleum coke (-0.81%) and gasoline (-0.67%). This week’s average rise and fall was 0.24%.

3. Future Market Forecast

Liquefied gas analysts from business associations believe that, boosted by the continuous rise of international crude oil, downstream markets are active, manufacturers’shipments have improved, and production and sales are under no pressure. However, international oil prices are expected to fall first and then rise next week, which has limited market support and is expected to remain stable in the near future.

Price Trend

According to data from business associations, the average listing price of oil-based ethylene glycol in North China on August 23 was 4633 yuan/ton, up 1.46% from the previous cycle, a slight increase.

This week, the spot price of ethylene glycol in East China fluctuated around 4525-4535 yuan/ton, up about 70 yuan/ton from last week’s price.

II. Analysis of Influencing Factors

The start-up rate of ethylene ethylene glycol plant in China is about 72.97%, and that of coal ethylene glycol is about 51.91%, which is the same as last week.

The inventory of ethylene glycol ports in East China is about 8112,000 tons, down from last week.

The start-up load of the polyester plant is about 87.77%, which is slightly higher than that of last week. The production and marketing of polyester is about 43%, which is not conducive to the digestion of ethylene glycol inventory.

3. Future Market Forecast

Ethylene glycol analysts believe that the start-up rate of the Ethylene glycol plant is stable, the port inventory is down, and the price of lido-ethylene glycol is low. However, due to the downstream polyester production and marketing downturn, although the start-up rate has increased, but the price support is not large. It is expected that ethylene glycol will maintain a small fluctuation in the short term.

Price Trend

The domestic toluene market overall closed up slightly this week, with a weekly increase of about 0.9%, according to the business associations’big list data. East China has a good market, rising by about 100 yuan/ton.

II. Analytical Review

1. Products: Influenced by the rise of crude oil upstream and the improvement of market turnover, the trend of toluene market has been steadily rising this week. At present, the mainstream price in East China is around 5650-5700 yuan/ton. According to the feedback from traders, this week’s volume and price have risen sharply. Compared with last week, the turnover has continued to improve. The port stock has dropped by about 10,000 tons, and is now about 34,000 tons.

2. Industrial chain:

Upstream, crude oil prices jumped sharply from last week. Oil prices rebounded slightly this week, with spot Brent up 2.36%, Brent futures up 2.04%, WTI futures up 0.99%, Dubai futures up 3.58%.

Downstream, TDI, prices continue to fall this week, trading is not strong, short-term TDI is expected to remain short trend. On the PX market, the price of external market fell slightly this week, while the domestic price of PX was stable. It is expected that the short-term price of PX market will maintain a stable trend.
3. Future Market Forecast

Xylene analysts from Business, Social and Chemical Branch believe that next week we will continue to focus on the progress of tariff increases in Sino-US trade negotiations, and the European and American economies are worried about the expected fluctuations in demand for crude oil in the recession prospects. Overall, the toluene market is expected to move smoothly next week.

Price Trend

According to the price monitoring of business associations, the distribution price of sulphuric acid in Shandong fell slightly this week.  The quotation fell from 217.50 yuan/ton at the beginning of the week to 215.00 yuan/ton at the end of the week, falling by 2.50 yuan/ton, or 1.15%, 51.69% compared with the same period last year. Overall, the sulfuric acid market fell this week, with the sulfuric acid commodity index of 33.46 on August 23.

II. Market Analysis

(1) Products:

This week, the prices of some sulphuric acid manufacturers in Shandong fell slightly, with fewer inventories and fewer downstream demand. The weekend quotation of Heze Jiangyuan is 180 yuan/ton, which is 10 yuan/ton lower than that at the beginning of the week; Zouping Tianlu’s quotation is 60 yuan/ton, which is temporarily stable; Jinan Yuanfei’s quotation is 450 yuan/ton, which is temporarily stable.

(2) Industrial chain:

Recently, the domestic sulfur market has been declining continuously with weak cost support; the downstream monoammonium market has a poor trading atmosphere, light turnover, unsatisfactory new orders, relatively stable diammonium market, strong quotation, sulfuric acid enterprises with multiple early orders, short-term inadequate start-up, and slightly tight supply. This week, domestic sulphuric acid plants run smoothly, market supply is relatively tight, downstream gas purchases are general, market turnover is limited.

3. Future Market Forecast

After the adjustment in July, the capital reflux of each factory is in good condition, the equipment has been repaired and the production capacity has increased. The price of sulphur in the upstream has gone down all the way, and the purchasing in the downstream is general. Under the contradiction between supply and demand, the products have gone down. Business sulfuric acid analysts believe that the short-term market in Shandong Province, under the influence of supply and demand and raw materials, the sulfuric acid market tends to decline.

Price Trend

According to the price monitoring of business associations, the domestic methanol market continued to rise this week and declined in an all-round way. At the beginning of the week, the average domestic methanol market price was 2122226 yuan/ton, which was 2147 yuan/ton at the end of the week. Within the week, the price fell by 2.34%, rising by 5.95% annually, and falling by 27.47% year-on-year.

II. Market Analysis

Products: Domestic methanol market fell this week in an all-round way. On the mainland, Shandong took the lead in lowering the consumption market. By Thursday, Shandong had dropped 240 yuan/ton to 1850 yuan/ton. Due to the rapid decline, the main producing areas were waiting and watching. There was no mainstream price this week, and some discussions reached 1550 yuan/ton. Port arrivals are still concentrated, inventory continues to increase, and the port market is weak and volatile, falling by 40-60 yuan/ton. As of Wednesday (8.21), the total inventory of ports in eastern and southern China was 1.2162 million tons, which maintained an increasing trend.

Industry Chain: Formaldehyde: This week, the formaldehyde market is up narrowly. The market of Shandong and Hebei is affected by the rising trend of methanol, and the market offer is raised. The offer of other regions is temporarily stable. The domestic formaldehyde market starts in different places, but the overall situation is at a low level. The downstream is also in a downturn, and the actual single transaction is relatively light.

Acetic acid: The domestic acetic acid market has increased significantly this week. Hualu Hengsheng, Tianjin Alkali Plant, Hebei Jiantao and Shaanxi Yanchang acetic acid plants were all accidentally affected to stop, and Huayi acetic acid plant in East China and Anhui was planned to stop. Henan Longyu acetic acid plant has not yet been clearly restored, resulting in a small amount of spot circulation in the market, some downstream contracts failed to supply as scheduled, and passive purchase. Spot-based. The supply of goods delivered near the end of the month is relatively concentrated, and the export volume of some foreign-funded enterprises doubled this month. All parties in the market overlap to promote the market transaction prices continue to rise. On the downstream side, due to the low stock of raw materials and the continuing shortage of spot, prices continue to rise. Some downstream manufacturers can hardly afford high-price acetic acid in mid-week or so, and the start-up of the plant is passively reduced.
Dimethyl ether: This week, the domestic dimethyl ether Market was flat, with prices rising first and then falling. Henan Xinlianxin Price began to implement a bottom-keeping policy after a short rise. As a major manufacturer, the bottom-keeping protects the market price from the side. After the settlement price is lowered, it continues to implement the bottom-keeping policy, while the surrounding enterprises lack the ability to resist pressure, and the price is lowered as a whole. In addition, the price of raw material methanol showed signs of loosening this week, giving enterprises in the margin of profit and loss a certain profit margin. In the area of civil gas, the price of Shandong Province was reduced to 3450-3500 yuan/ton, with an average production-sales ratio of 7-80%.  Many factors have no strong support for dimethyl ether, and there is still room for price reduction in the later period. Construction started 19.44% this week, down 0.65% and 3.24% from last week.

3. Future Market Forecast

On the positive side, methanol in the Mainland continued to decline this week, with local market prices falling to the production cost of methanol plants; new methanol-to-olefin plants were put into operation one after another, and MTO load of Phase II of Chengzhi in Nanjing was not high; Baofeng in Shandong, Luxi and Ningxia was also expected to start production. With the early maintenance of olefin plants, such as Ningbo Fude, Shenhua Yulin and so on, the olefin start-up has been restored.  On the negative side, China’s methanol industry started to maintain a high level, with imports expected to exceed 1 million tons in August. New domestic methanol plants are under construction in an orderly manner, including Yankuang Yulin 700,000 tons planned to start production in October; Inner Mongolia Rongxin expected to start production in September; Jingmen Yingde could produce products in late August. Near National Day, environmental protection supervision in North China has been strengthened, and formaldehyde trade unions in North China are expected to decline in September. With the concentrated release of bad news such as low futures, high port inventory and abundant terminal stocks in the mainland, methanol re-enters the downstream channel. In line with the suppressive news such as demand loss caused by environmental protection before National Day and sustained high import arrival in Hong Kong, methanol analysts of business associations predict that the methanol market will decline mainly, including: Hope to refresh this year’s new low again.

Price Trend

According to a large number of data monitored by business associations, the price of trichloromethane in Shandong rose sharply this week. At the beginning of the week, the average price of trichloromethane in Shandong was about 2550 yuan/ton, and at the end of the week, the average price was about 2700 yuan/ton, an overall increase of 5.88%.

II. Cause Analysis

Product Reasons: Affected by the weather this week, chloroform enterprises in Shandong started to decline, Dawang plant in Jinling, Shandong stopped, Dongying plant started normal production, chemical plant in Western Shandong started 60%, the market spot supply is tight, although the downstream refrigerant industry in the off-season demand is not good, the price of trichloromethane is still rising substantially. At present, the price of trichloromethane in Shandong is about 2700 yuan/ton; that in Jiangsu is about 4000 yuan/ton; and that in Liwen, Jiangxi is about 3300 yuan/ton. In terms of the start-up of the plant, the Jiangsu Liwen plant started to work normally; the Jiangxi Liwen plant was affected by the overhaul of the power station, and the enterprise operated negatively in early August for half a month.

Industry chain: In the upstream, the domestic methanol market runs steadily in a week, and the regional difference of inventory is great. At the beginning of the week, the average price of methanol market is 2182 yuan/ton, the average price of methanol at the weekend is 2224 yuan/ton, up 1.92%, and the price is 25.59% lower than that of the same period last year. In the liquid chlorine market, some enterprises affected by typhoon resume production and the market supply is normal. The downstream market just needs to be stable. At present, the enterprises are overreporting 200-400 yuan/ton. On the downstream side, the domestic R22 refrigerant market has passed its peak season recently. The market is abundant and the downstream demand is not good. The price continues to weaken. Now the company offers 15000-15500 yuan per ton for bulk water.

Industry: According to the price monitoring of business associations, on August 15, 2019, there were 20 kinds of commodities rising annually in the chemical sector, the first three of which were dichloromethane (3.08%), trichloromethane (1.92%) and aniline (1.79%). There are 6 kinds of products with ring-to-ring ratio declining. The products with the first three declining ranges are polymeric MDI (-1.86%), TDI (-1.20%) and liquid ammonia (-1.03%).

3. Future Market Forecast

Business community methane chloride data analysts believe that the current trichloromethane market is underdeveloped, the overall spot supply is tight, and the downstream refrigerant market has passed the peak season, which is not conducive to the price of chloroform. It is expected that the market of trichloromethane will be shaken and adjusted in the short term, and the future market will pay attention to the start-up of enterprises.

Price Trend

According to the data from the business associations’list, the price trend of domestic TDI market continued to decline this week. At the beginning of the week, the average market price in East China was about 14 066.67 yuan/ton. At the end of the week, the average market price in East China was about 13 733.37 yuan/ton, with a drop of 2.37% in the week, 54.68% compared with the same period last year.

II. Market Analysis

Products: This week, the TDI market in East China is weak, the price trend is down, the atmosphere is light, the mindset of the operators is empty, the offer is down, and some low prices are heard. As of the 16th, China’s domestic goods with tickets out of the warehouse offer reference 13000-13100 yuan/ton, Shanghai goods with tickets out of the warehouse offer reference 13200-13300 yuan/ton, a single talk, the actual negotiations.

Industry chain: The price trend of nitric acid in the upstream is stable, and the market price remains stable at about 1693.33 yuan/ton in a week. The mainstream quotation of nitric acid in Jiangsu is 1680 yuan/ton, which is temporarily stable, and the demand of nitric acid market is still acceptable. The quotation of the manufacturer is basically stable, and the quotation of individual manufacturer is somewhat loose. The nitric acid shipment situation is general. This week, toluene market prices rose slightly. At present, the mainstream price in East China is around 5,500 yuan/ton, which is 0.53% higher than 5,471 yuan/ton at the beginning of the week. According to the feedback from traders, the turnover has improved slightly this week. At present, the mainstream price in East China is around 5500-5550 yuan/ton. Compared with last week, port stocks have declined slightly. At present, they are about 44,000 tons.

Industry: On the 16th, the domestic TDI market continued to decline, Cangcheng Chemical Plant’s guidance price was lowered, inquiry delivery on the site was still sluggish, a small number of orders followed up, the mindset of the industry was empty, and the offer continued to fall out.

3. Future Market Forecast

According to the data analyst of business associations, the domestic TDI market is weak, the overall atmosphere of the market is low, the follow-up of transactions is scarce, and some low-price offers have been heard, the market is stable and small. It is expected that the TDI market will be disadvantaged in the later period.