Price Trend

The domestic market of ethyl acetate was affected by Yanzhou Mine’s parking in early April, but the direction of supply exceeding demand was turned downward in the latter ten days. According to the monitoring data of business associations, by the end of the month, manufacturers in East China had offered 5420 yuan/ton, local market offered 5300 yuan/ton, and manufacturers in East China offered 5562 yuan/ton in the latter half of the month, with an overall decline of 2.6%.

II. Analytical Review

Products: In the second half of the month, the market began to decline, and the pressure of over-supply and over-demand in the market gradually became obvious. The reboot supply of Yankuang, Lianhai and Shanghai Wujing plants has been significantly improved, and the supply expectations have been raised. Near the May Day holiday, enterprises have higher shipping intentions, which stimulates sales. Terminal demand remains low and unchanged. Affected by the Yancheng explosion, security checks are strict everywhere, and enterprises such as coatings and paints have been greatly impacted. Raw material acetic acid has fallen sharply in the second half of the month. Cost reduction, resulting in the existence of ethyl ester concessions possible.

Up to now, the market offers are as follows: 5 300 yuan per ton of mainstream reference offer from East China, 5 300 yuan per ton from North China and 5 250 yuan per ton from South China.

Industry Chain: Acetic acid: Since March, due to the weak market, the profits of acetic acid manufacturers have been greatly reduced, and some factories began to limit production and guarantee prices. In early April, the domestic acetic acid start-up rate was low to about 60%, but from the second half of the month, with the Celanese, Hebei Jiantao and other devices returning to normal, the industry start-up rate began to rise, up to now, the domestic acetic acid start-up rate reached about 80%. Individual acetic acid enterprises have high inventories, and the supply is seriously greater than the demand. It is expected that the short-term acetic acid price will still have room for decline. In terms of downstream demand, May is the off-season of traditional demand, while in the southern plum rain season, the starting rate of paint is low, and the demand for ethyl acetate has just dropped.

3. Future Market Forecast

The domestic market for ethyl acetate was poor in May. Firstly, May is the off-season of traditional demand, and the southern plum rain season, the starting rate of paint is low, and the demand for ethyl acetate has just dropped; secondly, in May, the starting rate of ethyl acetate is high, expected to reach 70%, so the later sales pressure is high; in addition, the anticipation of raw material acetic acid is not good, and the cost support is limited. Business associations expect the market of ethyl acetate to run weakly in May, and there are many expectations that it will continue to decline.

Name: Polyaluminium chloride (solid)

Latest price (April 28): 1983.33 yuan/ton

Analysis Points: On April 28, the market of domestic polyaluminium chloride did not change much. According to the monitoring data of the commercial association (100ppi.com), the main quotation in the domestic market of polyaluminium chloride is 1850-1900 yuan/ton for solid polyaluminium chloride (industrial grade, content (>28%) and 350-390 yuan/ton for liquid (industrial grade, content 10-12%).

Industry chain: According to the survey results of manufacturers, the price of hydrochloric acid and other products in the upstream of polyaluminium chloride has not changed much recently; since April 10, the mainstream price of hydrochloric acid has maintained about 177.5 yuan/ton. The downstream demand is basically stable, and the overall price of polyaluminium chloride has not changed much in recent years.

Future market forecast: If there is no big fluctuation in the price of raw materials in the upstream in the short term, the demand in the downstream is relatively stable, and the market price of domestic polyaluminium chloride is basically stable.

Price Trend

According to the price monitoring of business associations, as of April 24, the average price of domestic aggregated MDI market was 17775 yuan/ton, and the overall market situation was mainly on the horizon.

II. Market Analysis

Products: Domestic aggregate MDI market price slightly upward, low prices gradually disappeared. On-site trading atmosphere is still poor, the holder carefully negotiates delivery, downstream mentality “Buddhist system”, just need to replenish scarce, high-price trading is not easy. Businessmen are waiting for Wanhua’s listing price guidelines.

On the market side, South China aggregates MDI to wait and see. The factory has a strong market attitude, and the holder’s offer has been raised, but the demand downstream is weak and the volume of real orders is poor. Watch this week’s listing price guidelines for major manufacturers. Polymerized MDI interval arrangement in East China. The factory has a strong market attitude, and the holder’s offer has been raised, but the demand downstream is weak and the volume of real orders is poor. Watch this week’s listing price guidelines for major manufacturers. The aggregated MDI interval in North China is arranged on a wait-and-see basis. The attitude of the manufacturers is clear. In addition, in the second quarter, the maintenance is centralized, the supply of goods is scarce, and the market growth is basically determined. However, downstream demand follow-up has been weak, waiting for further digestion downstream. Watch manufacturers listed price guidelines.

Industry chain: raw materials, pure benzene: East China pure benzene prices remain stable consolidation, buying and selling still have a large gap. Purchase price in April is 4440-4530 yuan/ton and sale price is 4500-4600 yuan/ton. May buy 4500-4550 yuan/ton, sell 4550-4650 yuan/ton. In June, we bought 4500-4550 yuan/ton and sold 4600-4680 yuan/ton. Aniline: Aniline market is stable. It is reported that the aniline plant in Jinling Dongying plant may be delayed to restart until the end of the month, and the supply side will support the price. But downstream just need to take goods, the demand is general. Shandong mainstream negotiation price reference 6120 yuan/ton acceptance. East China market reference 6300-6500 yuan/ton acceptance.

3. Future Market Forecast

Business Society Viewpoint: On the positive side, Cosco’s offer to the distribution market this week increased 300 yuan/ton to 18100 yuan/ton; Wanhua’s offer to the distribution market this week is temporarily not available; Ruian’s offer to the market this week has not been heard, the current enterprise equipment is still under repair; this week, Lianheng began to repair individual devices. On the negative side, the follow-up of real orders in the downstream of distribution is slow; foaming agent 141B rises sharply and the cost surface moves, which indirectly affects the demand of terminal for MDI; most downstream stockpiles are in the early stage, and the stock of raw materials needs further digestion. Businessmen are waiting for Wanhua’s listing price guidelines. Business Association aggregate MDI analysts expect that the short-term domestic aggregate MDI market will continue to be quiet and stable.

Last week, the domestic price of potassium chloride was mainly stable, with local shocks, and the small rebound did not continue. According to statistics, the total stock of potassium chloride is still more than 2.5 million tons at present. Although rumors suggest that imports may decrease dramatically in the later period, it has not caused panic in the market for the time being. Originally, large customers have made appropriate reserve at low prices in the early period, so in the face of uncertainty, the market is mostly cautious and wait-and-see.

Port 62% Russian-white potassium port price 2350-2400 yuan/ton, the actual quotation is generally 2380 yuan, Russian red potassium 2300-2350 yuan/ton, granular potassium 2420-2450/ton, the actual transaction agreement is the main, there are certain concessions. The price of granular potassium in Yingkou Port and squid circle in Northeast China is about 2450 yuan/ton and 62% of white potassium is about 2330-2350 yuan/ton. The actual transaction is negotiable. 62% of white potassium in frontier trade will be supplied from next week to April. At present, the mainstream quotation is about 2150 yuan/ton. It is understood that the international price of potash fertilizer continues to maintain stability.

Domestic potassium in the earlier period of higher demand areas due to the recent weakening of sales, low-end prices have slightly fallen, but overall prices are relatively stable, 60% of the powder arrival price 2200-2250 yuan, slightly higher than the actual implementation price of manufacturers. Salt Lake benchmark products 60% of the implementation price of powder 2350 yuan/ton, high inventory, stable regional market prices, transaction prices in the 2250-2300 yuan/ton. Qinghai small factory has not yet fully restored, the transaction is relatively cold, self-raised reference price of 57% powder 1700 yuan / ton (four water), regional arrival price of 2050-2100 yuan / ton.

Generally speaking, the supply of potassium chloride is on the high side and the demand is not ideal. It is difficult to forecast the increase of potassium chloride, but the downward pressure is not great for the time being, and whether the long-term supply is sufficient is still uncertain. Therefore, the domestic potassium chloride market will be mainly stable in the short term, with small local shocks.

Price Trend

According to commodity data monitoring, the price of Yungui yellow phosphorus fell slightly this week. At the beginning of the week, the average price of yellow phosphorus was 15200 yuan/ton, and at the end of the week, it was 14950 yuan/ton. Within the week, the price fell by 1.64%.

II. Market Analysis

Products: Yellow phosphorus prices fell slightly this week. At present, the market demand is still light, the market turnover is not strong, the traders have strong wait-and-see sentiment and lack of support. At present, the main transaction price of yellow phosphorus in Yunnan is 14600-14800 yuan/ton. The mainstream transaction price in Sichuan is about 14700-15200 yuan/ton. The main transaction price of yellow phosphorus in Guizhou is about 14900 yuan/ton.

Industry chain: This week, the domestic phosphate ore market remains stable as a whole. The main ex-factory quotation range of Guizhou phosphate ore market is 400-500 yuan/ton. The coke stock in the factory maintained a medium to high level, and the mainstream market price of Panzhihua coke (secondary metallurgical coke) was around 2080 yuan/ton. In terms of raw materials, Yunnan is about to usher in a normal water period, electricity prices are facing a downward trend, and the cost of yellow phosphorus enterprises will decline. The downstream enterprises of yellow phosphorus have insufficient start-up rate and the demand is still light.

Third, the analyst of yellow phosphorus in the future forecast business society chemical branch thinks that the overall demand of Yunnan-Guizhou yellow phosphorus is still light, the downstream demand is mostly wait-and-see, the procurement is not very active, and the stable consolidation is expected to be the main part in the later period.

Price Trend Chart of Nitric Acid Market

According to the monitoring of business associations, the price of nitric acid in China has stabilized this week, with an average price of 1,560 yuan per ton.

II. Market Analysis

Products: This week, the domestic nitric acid market price continued to be stable. The price quoted by the mainstream manufacturers in Jiangsu was 1550-1600 yuan/ton, Anhui was 1500-1600 yuan/ton, and South China was 1950 yuan/ton.

Industry chain: The market performance of liquid ammonia in the upstream of nitric acid raw material tends to be stable, the price fluctuates slightly, the transaction is slightly stalemate, most manufacturers report steady, some manufacturers rise slightly, and the market consolidation of aniline and TDI prices in the downstream products is dominant.

3. Future Market Forecast

In summary, Nitric acid analysts believe that the nitric acid market will continue to consolidate in the short term.

On April 3, the phthalic anhydride commodity index was 64.88, unchanged from yesterday, down 45.99% from the cyclical peak of 120.13 points (2012-02-28), and up 33.99% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recent domestic market price trend of phthalic anhydride has maintained a weak position, the market of phthalic anhydride and phthalic anhydride in eastern China has consolidated weakly, downstream factories have just needed to purchase, factory inventory pressure has continued, high-end transactions have been blocked, the mainstream of on-site neighbouring source negotiations is 6500-6700 yuan/ton, and the mainstream of naphthalene source negotiations is 6400 yuan/ton; the mainstream quotation of phthalic anhydride market in North China is 6500-6700 yuan/ton, and the Main, the quotation trend of enterprises has slightly declined, downstream construction is not high, on-demand procurement is the main, wait-and-see mentality is strong, domestic phthalic anhydride plant operation is stable, phthalic anhydride spot supply is normal, the market is not good, phthalic anhydride prices remain low.

Recently, the executive price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, is 6800 yuan/ton. The actual market transaction price is 7100 yuan/ton. The quotation is stable and the port is out of stock. The upstream raw material mixed xylene price is stable, the turnover of phthalic anhydride is general, the stock of phthalic anhydride in port is low, the price of phthalic anhydride is temporarily stable, the cost of imported phthalic anhydride is rising, the actual transaction price is discussed in detail, the upstream price trend is stable, and the market price of phthalic anhydride remains weak. DOP prices in the downstream are lower. Recently, in the DOP market in Zhejiang, the quotation of merchants has dropped to 8300-8400 yuan/ton, and the downstream price has slightly decreased. The demand for phthalic anhydride in the upstream is limited. The market price of phthalic anhydride has slightly decreased. It is expected that the market price of phthalic anhydride in the later period will be around 6600 yuan/ton.

titanium ore

_Titanium ore market prices have increased slightly this month, ranging from 20 to 30 yuan/ton, 38 or more medium-sized mines do not contain tax 730-760 yuan/ton, 46, 10 mines do not contain tax quotation 1170-1200 yuan/ton, 47, 20 mines do not contain tax price 1200-1250 yuan/ton. Price increases mainly include the following points: 1. Some large factories are optimistic about the future market of iron ore, stockpiling goods can not be found, raw ore prices have increased tensively; 2. Dry concentrator opening rate has increased. 3. Titanium dioxide market ushered in a rising tide of price, which was good for the titanium market; 4. Titanium import was tight and the quotation was raised. In March, Panzhihua Titanium Mine has a high start-up rate as a whole, sufficient supply of titanium ore in the market, the price increase of titanium dioxide is not up to expectations, the price increase is discounted, the price of imported titanium ore is high and the supply is tight, and the proportion of ore used will be adjusted downstream, and the price of Panxi Titanium Mine will run steadily.

_The price of imported ilmenite market rose, mainly due to tight supply, Kenya’s $175 per ton of ilmenite, Mozambique’s $180-190 per ton, India’s $250 per ton of ilmenite and Vietnam’s no quota. Imports of titanium ore are tight, manufacturers offer higher prices, Kenya’s titanium ore price in April at $185 per ton, Mozambique’s titanium ore price in April at $200 per ton, the market stalemate. In 2019, the new capacity of chlorinated titanium dioxide in China will be released, the supply of imported titanium ore will be reduced, and the market price will rise steadily.

Titanium slag

_This month, the market price of high titanium slag has fallen and risen. The tender price of Jinzhou enterprise’s high titanium slag has been lowered by 20 yuan/ton, and the arrival price of 90 enterprises with tax is 5 800 yuan/ton. Henan enterprise’s price has been raised by 500 yuan/ton. The price of imported titanium ore is rising, the production cost of high titanium slag is high, coupled with the release of new capacity of chlorinated titanium dioxide, the demand for high titanium slag is increasing, and the market supply is relatively adequate. At present, the cost of raw materials is high, and the price of high titanium slag will be firm.

The price of acid slag has increased slightly in Yunnan this month, mainly because of the rising price of raw material titanium ore. The ex-factory price with tax in Yunnan is 3800-3900 yuan/ton and that in Sichuan is 3950-4100 yuan/ton. The price of titanium dioxide in the lower reaches is not up to expectation. The price of acid slag is still depressed. The supply of acid slag is sufficient. The price of raw material titanium ore is rising. The price of acid slag will be firm and the new unit price may be increased.

Titanium tetrachloride

_Titanium tetrachloride prices have remained basically stable this month. Prices in Liaoning have been slightly adjusted, mainly due to tax rate adjustment. Up to now, Northern Enterprises quote 7300-7600 yuan per ton with tax, while Southern enterprises quote 7300-7600 yuan per ton with tax. At present, the price of liquid chlorine has risen, the price of high titanium slag has risen sharply, the price of titanium tetrachloride is high, and the price will be firm.

_titanium dioxide

This month, the market price of titanium dioxide has risen as a whole. Longbaili announced on March 7 that the sales price of various types of titanium dioxide (including sulfuric acid titanium dioxide and chlorinated titanium dioxide) of the company has increased by 500 yuan/ton to domestic customers and 100 dollars/ton to international customers on the basis of the original price. Then the market ushered in a surge in prices. As of the end of this month, the domestic factory price of rutile titanium dioxide with tax is 15 500-17 200 yuan/ton, and the factory price of anatase titanium dioxide with tax is 13 300-14 300 yuan/ton. Before and after the Spring Festival, the enterprise overhaul and the market warmed up, the manufacturers shipped well, and the market inventory was on the low side as a whole. After the Spring Festival, although the prices rose, the downstream construction did not fully recover. Most of the orders were executed at the early stage of the order price. The price of March increased mainly in February, the raw material price increased somewhat in March, and the solid price of titanium dioxide rose steadily.

_sponge titanium

_This month, the price of sponge titanium market was adjusted by 1000 yuan per ton as a whole. At present, the mainstream price of grade 0 sponge titanium is between 67,000 and 68,000 yuan per ton. The rising market price is mainly due to the good market demand of titanium materials, the shortage of titanium sponge stocks, the high price of raw materials, the temporary release of new capacity in the market, and the market of sponge titanium is still good.

_Future market forecast: _1. Titanium ore import supply is tighter, titanium ore market prices will be strong.

_2. The price of high titanium slag will be stable supported by cost.

_3. Titanium tetrachloride raw material costs high and prices will remain stable.

_4. Sponge titanium costs pressure, prices will be strong in the latter part.

_5. Titanium dioxide manufacturers have tight inventory and solid unit prices.

Price Trend

According to the data of business associations, the domestic propylene (Shandong) fell sharply in March and then fell again. The propylene market fell sharply in the first half of the month, with an amplitude of more than 10%. After stabilizing in the second half of the month, the price of propylene fell again. At the beginning of the month, the average price of enterprises was 7290 yuan/ton, and at the end of the month, it was 6995 yuan/ton, with a monthly decline of 4.05%. This month’s high price appeared on March 18, 7 300 yuan / ton; this month’s low price appeared on March 9 and 10, 6 630 yuan / ton, with a monthly amplitude of 10.11%.

II. Analytical Review

Products: This month, Shandong propylene market experienced two sharp declines, today’s narrow downturn, the current market mainstream transactions are still around 6900-7100 yuan/ton. Some refineries are willing to pay a fair price, but other refineries are not able to deliver goods smoothly. Recently, the overhaul of propylene plant is coming. Wanhua PDH plant will stop for overhaul on April 1, 2019. It is estimated that the overhaul will last about 20 days, which will have an impact on propylene production.

Industry chain: Upstream, crude oil price shocks have little impact on propylene. On the downstream side, there are more stocks in the downstream and replenishment on demand.

3. Future Market Forecast

Propylene analysts from the business and social chemical branch believe that in general, the price of propylene shook sharply in March. Now the buyers and sellers are playing games with each other, and the price gap between the high and low ends of the market is large. It is expected that the short-term price of propylene in Shandong will continue to run in a disadvantaged way.