According to the data monitoring of business news agency, the average price of domestic EVA market was 19900.00 yuan / ton on April 27 and 19900.00 yuan / ton on April 28, which was the same as yesterday’s price and increased by 2.58% compared with March 30. Although the quotation of EVA manufacturers is not moving for the time being, the focus of market price quotation has risen, and the overall market is good.

As of April 28, EVA ex factory quotation is as follows:

product manufactor model Ex factory price

EVA yanshan petrochemical 18J3 20000 yuan / ton

EVA Beijing Organic Y2022 21500 yuan / ton

EVA Beijing Organic Y2045 21500 yuan / ton

EVA BASF Yangzi V5110J 19900 yuan / ton

On the 28th, the domestic EVA factory quotation continued to move horizontally, and the manufacturer’s price did not change much. But the market price offer center rises, the transaction atmosphere is mild. The May Day holiday is coming. As the end of the month approaches, the supply of petrochemical products is relatively small, and the overall supply of the market is weak, so the attitude of the industry is good. In addition, the market demand for photovoltaic materials has been driven, and the overall market situation has improved.

International crude oil market: on April 28, the international oil price rose, and the settlement price of the main contract in the US WTI crude oil futures market was US $63.86/barrel, up US $0.92 or 1.5%. Brent crude oil futures market settlement price of the main contract at 66.78 U.S. dollars / barrel, or 0.91 U.S. dollars or 1.4%, on Wednesday, the U.S. Energy Information Administration (EIA) data showed that the U.S. distillate stocks fell sharply last week, refinery operating rate rose to the highest level in more than a year, boosting the market’s hope for the recovery of fuel demand in the world’s major economies.

Acetic acid Market: on April 26, the average ex factory price of acetic acid in East China was 7595.00 yuan / ton, up 22.30% in April. In April, the price of acetic acid rose widely since the Qingming Festival. During the month, some acetic acid plants were shut down for maintenance, and the enterprises were short of inventory. The downstream demand remained strong, the spot supply on the floor continued to be tight, and the quotation of acetic acid went up at a high level. Driven by the favorable raw materials, the downstream products of acetic acid rose to varying degrees.

In general, the overall supply of goods in the current market is weak, which brings some support to the market. The trend of raw materials and products is good, and the mentality of manufacturers is relatively strong. It is expected that the price of domestic EVA market may rise slightly in the short term, but the downstream factories are in conflict with the sentiment, so we still need to pay attention to the situation of downstream entering the market after the festival.

1、 Price trend

According to the monitoring data of the business community, the price of bromine is running at a high level. At present, the average market price in Shandong is 37611.11 yuan / ton, up 24.91% over the same period last year. On April 26, the bromine commodity index was 131.97, which was the same as yesterday, reaching a record high in the cycle, up 123.98% from the lowest point of 58.92 on October 29, 2014（ Note: period refers to the period from September 1, 2011 to now

2、 Market analysis

At present, the mainstream price of domestic bromine enterprises is about 37000-38500 yuan / ton, and the price of bromine is relatively strong. The bromine market in Shandong Province is in short supply. The bromine enterprises in Dongying region may be faced with shutdown. The downstream flame retardants and intermediates are well started and the goods are prepared actively. Most bromine manufacturers have the intention to support the price, and the low price is hard to find.

Raw materials: the domestic sulfur market is on the rise, and most of the on-site trading is based on demand procurement. Domestic refineries in various regions maintain low inventory and good delivery performance. Downstream factories purchase on demand in the market. The market lacks substantive information guidance, and the operators are mainly on the lookout. During the week, refineries in various regions of China adjusted their prices according to their own shipment situation. In East China, the price of liquid sulfur was increased by 20 yuan / ton, and that of solid sulfur was increased by 20-50 yuan / ton; Solid and liquid sulfur in North China and Shandong increased by 40-50 yuan / ton at the same time, and sulfur market generally went up. In terms of market supply, the inventory of domestic refineries remains low, and the supply and demand performance is relatively stable. At present, the market lacks substantive information guidance, and the sulfur market is reorganized and operated in the short term, focusing on the downstream follow-up situation.

Business analysts believe that the bromine downstream flame retardants and intermediates industry is now developing well, with more active goods preparation. The industry is also bullish on the future market, with the focus of transaction moving upward. It is expected that the bromine price will be high and firm in the short term, depending on the downstream market demand.

1、 Price trend

From the above figure, the comprehensive price of potassium chloride is temporarily stable this week. The average price of the mainstream comprehensive quotation of potassium chloride this week is 2500.00 yuan / ton. Overall, the market of potassium chloride is temporarily stable this week, and the commodity index of potassium chloride on April 23 is 79.37.

2、 Market analysis

The quotation of the mainstream manufacturers of potassium chloride this week is temporarily stable: the factory offer of potassium chloride in Qinghai Salt Lake is 2350 yuan / ton at the weekend, which is stable compared with that at the beginning of the week; Anhui Badu potassium chloride sales quotation at the weekend is 2650 yuan / ton, which is stable compared with the beginning of the week. The actual transaction of potassium chloride market this week is not good. Overall, the main contradiction in the market is that supply is greater than demand, the trading atmosphere is cold and clear, downstream procurement is just needed as the main part, the overall inventory is low, the purchasing market momentum is low, and the domestic potassium chloride market is stable.

3、 Future forecast

In late April, the overall trend of KCl market or small amplitude of shocks was the main. The market of potassium chloride is facing the pressure of three mountains, namely, the large stock, weak demand and the downward trend of international prices. Therefore, the main contradiction in the market is that supply is greater than demand. The analysts of KCl in business agency think that the short-term potassium chloride market is mainly in the market of potassium chloride or high consolidation under the influence of supply and demand and raw materials.

April 22 is world earth day, and the “leaders’ climate summit” hosted by the United States is also on the stage here. “Low carbon” has become the key word in dealing with climate change. Russian President Vladimir Putin put forward ambitious emission reduction targets, and Chinese leaders also reiterated the “double carbon” target. The chairman of the board of directors of the Russian natural gas group (hereinafter referred to as “Gazprom”) said that Russia China natural gas cooperation has broad prospects.

President of “Gazprom”: China will become the most promising natural gas market

Victor Zubkov, chairman of the board of directors of Gazprom, is very concerned about China’s natural gas market. Recently, in an interview with TASS, he said, “China has become the world’s largest natural gas importer and the third largest energy consumer. China’s natural gas consumption is growing at a double-digit rate and may double in the next 15 years. China will become the most promising natural gas market. ”

China’s “people’s Daily” reported that in 2020, China’s natural gas imports will achieve steady growth, and the sources of natural gas imports will be diversified. China’s customs data show that in 2020, China’s natural gas imports will be 101.661 million tons, up 5.3% year on year; The import value was 231.49 billion yuan, a year-on-year decrease of 19.4%.

China’s “two carbon” target promotes the growth of natural gas consumption

China’s strong natural gas demand is closely related to the national ecological policy. At the general debate of the 75th UN General Assembly in September 2020, China proposed for the first time that carbon dioxide emissions should strive to reach the peak by 2030 and achieve the goal of carbon neutrality by 2060. On April 22, when attending the leaders’ climate summit, Chinese leaders once again reiterated the goal of “two carbon”, and said that China adheres to the development path of ecological priority, green and low carbon.

China Petroleum Business Daily reported that carbon emissions are closely related to energy consumption, and more than 85% of carbon emissions come from energy activities. Therefore, the green and low-carbon transformation of energy structure is the key measure to achieve the goal of “double carbon”. China’s 14th five year plan clearly proposes to promote the energy revolution, build a clean, low-carbon, safe and efficient energy system, and further promote the low-carbon transformation in industries, construction, transportation and other fields.

As a clean fossil energy, natural gas emissions of air pollutants and greenhouse gases are much smaller than coal and oil. There is no doubt that the positive effect of natural gas replacing coal on carbon emission reduction. In the future, China’s natural gas consumption will continue to grow, and natural gas will occupy a place in the future emerging energy system.

China Russia natural gas pipeline project “Siberian power-2″ is being planned

China’s natural gas imports come from a variety of sources. In terms of liquefied natural gas (LNG) and pipeline gas, Russia ranks in the top five. The natural gas project currently under cooperation between the two countries is the East China Russia natural gas pipeline (Russia called “Siberian power”), which is divided into north section, middle section and south section.

According to China National Petroleum and natural gas pipeline network group, the north section of the pipeline was officially ventilated on December 2, 2019 in the presence of leaders of the two countries, with a supply life of 30 years. The middle section will be completed by the end of 2020 to transport natural gas to Beijing and Beijing Tianjin Hebei region. After the completion of the whole line, 38 billion cubic meters of high-quality natural gas can be supplied every year.

After the project was put into operation, China and Russia announced the establishment of a working group to jointly explore another natural gas pipeline scheme, which will transport Russian gas to China through Mongolia《 Previously, the website of Russian daily reported that “Gazprom” has begun to design the “Siberian power-2″ natural gas pipeline, with an annual transportation capacity of 50 billion cubic meters.

It can be seen from the trend chart that the propane market has been going down since April 14, and the current price has fallen back to the level at the beginning of the month. The propane market has “gone up lonely” in April. According to the data monitoring of business news agency, the average price of propane market was 4843.25 yuan / ton on April 13 and 4508.25 yuan / ton on April 22, with a decrease of 6.92% during the period and 0.17% compared with April 1.

As of April 22, domestic mainstream propane prices by region are as follows:

region Specifications April 22nd

East China Propane,% (V / V) not less than: 95 4230-4400 yuan / ton

North China Propane,% (V / V) not less than: 95 4500-4650 yuan / ton

Shandong Province Propane,% (V / V) not less than: 95 4300-4600 yuan / ton

South China Propane,% (V / V) not less than: 95 4350-4400 yuan / ton

Central China Propane,% (V / V) not less than: 95 4650-4706 yuan / ton

Shandong propane market began to fall all the way in the second half of the month, forming a clear contrast with the rising trend in the first half of the month. This time, the South and North markets were down simultaneously, but the decline in the north market was more obvious than that in the south market. The main reasons for the decline are as follows: firstly, affected by the low price of ports in East China market, refineries were forced to lower their prices. Secondly, in terms of crude oil, international crude oil began to fluctuate and fall on the 18th, giving weak support to the market. Finally, on the demand side, as the overall demand of the domestic market is at a weak level, when the supply side is sufficient, the downstream mostly maintains periodic replenishment, the refinery’s shipment situation is general, and the inventory continues to accumulate, resulting in a weak price.

In terms of international market, Saudi Aramco announced in April that there was a downward trend in propane butane. Propane is 560 US dollars / ton, down 65 US dollars / ton compared with last month; Butane is 530 US dollars / ton, down 65 US dollars / ton compared with last month.

International crude oil market: on April 21, international oil prices continued to fall. The settlement price of the main contract in the US WTI crude oil futures market was US $61.35/barrel, down by US $1.32 or 2.1%. The settlement price of the main contract in Brent crude oil futures market was at US $65.32/barrel, down US $1.25 or 1.9%. The market was worried that the surge of new crown infection in India would hurt energy demand, and the US Energy Information Administration (EIA) report on Wednesday showed that US crude oil stocks rose unexpectedly last week.

At present, the overall domestic propane markets in the north and South are in a weak position. Although individual refineries in Shandong have slightly increased their prices, the overall shipping atmosphere is still weak. Under the negative factors of the decline of international crude oil, the enthusiasm of downstream market entry is poor. But there are also positive factors in the market. Near the May Day holiday, there is a demand for replenishment in the downstream market before the festival, and the market transaction atmosphere is expected to improve. It is expected that the propane market will stop falling and stabilize in the short term, but there is still a possibility of falling in the long term.

According to RT on April 20, the latest research of the Joint Petroleum statistics Initiative (Jodi) shows that in February this year, Russia still ranked second in global oil production, with a daily output of 9.398 million barrels / day.

Data show that the United States is the world’s largest oil producer, and Saudi Arabia ranks third. Russia has maintained its position as the world’s second largest oil producer for the 10th consecutive month, only falling to the third place in April 2020. Before that, Russia had been second for more than a year.

According to Jodi, compared with January, Russia’s oil production fell by 0.7% in February, while the United States cut production by 6.5% to 10.364 million B / D and Saudi Arabia by 10.5% to 8.147 million B / d.

Statistics also show that Russia’s export volume in January was 3.702 million B / D, down from 4.2 million B / D in December.

According to the report, Russia’s refining business in February increased by 5.3% over the previous month to 5.772 million barrels per day. At the same time, the refining capacity of the United States decreased by 13.3% from January to 12.67 million B / D, and the capacity of Saudi Arabia decreased by 2.6% to 2.281 million B / d.

1、 Polyoxymethylene market price trend chart

Price curve of paraformaldehyde

According to the monitoring of the business agency, the average price of paraformaldehyde on April 16 was 5966 yuan / ton, and the quotation was temporarily stable.

2、 Market analysis

On April 12, Shandong formaldehyde Chemical Industry Co., Ltd., with an annual output of 30000 tons of polyoxymethylene, offered 5700 yuan / ton of Polyoxymethylene (96) ex factory with tax, down 100 yuan / ton compared with the last time. Linyi Shengyang Chemical Co., Ltd., with an annual output of 9000 tons of polyoxymethylene, Polyoxymethylene (96) ex factory price including tax 5900 yuan / ton, the price is the same as last time. Zibo Qixing Chemical Technology Co., Ltd. has an annual output of 10000 tons of polyoxymethylene. The ex factory price of Polyoxymethylene (96) is 6300 yuan / ton, which is the same as last time. The manufacturers responded to the downward adjustment of raw materials, and individual manufacturers lowered their quotations. Paraformaldehyde market is fair, mainly used in pesticide resin.

According to the monitoring of the business agency, the domestic methanol spot market has risen again recently. According to the monitoring of the business agency, as of April 16, the average price of domestic methanol manufacturers in Shandong was 2390 yuan / ton, with a month on month decrease of 1.44% and a year-on-year increase of 33.71%.

3、 Future forecast

Business community polyoxymethylene analysts expect that polyoxymethylene demand market is acceptable, downward space is limited.

1、 Price trend

The factory price of isooctanol rose in Shandong this week. This week, the average ex factory quotation price of isooctanol in Shandong increased from 12600.00 yuan / ton at the beginning of the week to 12900.00 yuan / ton at the end of the week, with an increase of 2.38%. Compared with the same period last year, the average ex factory quotation price of isooctanol increased by 110.33%. Overall, the market of ISO octanol rose this week, with the commodity index of ISO octanol at 94.85 on April 16.

2、 Market analysis

In terms of manufacturers’ quotations, the factory quotations of mainstream ISO octanol manufacturers in Shandong rose this week: Jianlan chemical quoted 12900 yuan / ton of ISO octanol this weekend, up 300 yuan / ton compared with the beginning of the week; lihuayi quoted 12900 yuan / ton of ISO octanol this weekend, up 400 yuan / ton compared with the beginning of the week; Hualu Hengsheng quoted 12900 yuan / ton of ISO octanol this week, up 300 yuan / ton compared with the beginning of the week Up 200 yuan / ton.

From the perspective of the upstream and downstream industrial chain, the propylene market in the upstream raw material market of ISO octanol rose slightly this week, with the quotation rising from 8234.82 yuan / ton at the beginning of the week to 8321.18 yuan / ton at the end of the week, up 1.05%, 29.74% year-on-year. The price of raw materials in the upstream market rose slightly, affected by the supply and demand side, which had a positive impact on the price of isooctanol.

Isooctanol downstream market, DOP factory price rose slightly this week. DOP quotation increased by 0.43% from 11525.00 yuan / ton at the beginning of the week to 11575.00 yuan / ton at the end of the week, up 80.86% over the same period of last year. The price of DOP in the lower reaches was high and consolidated. The customers in the lower reaches were more active in purchasing octanol, and the demand for ISO octanol was better. The future market operators mostly watched the trend of DOP.

3、 Future forecast

In late April, the market trend of isooctanol in Shandong was mainly up in a small range. The upstream propylene market rose slightly, the raw material support was good, the downstream DOP market was consolidated at a high level, the downstream purchasing enthusiasm was normal, and the supply of isooctanol was normal. Isooctanol analysts of business society think: in late April, under the influence of supply and demand, raw materials and other aspects, the market of isooctanol in Shandong may rise slightly.

1、 Price quotation

According to the data of business news agency, the spot market of cotton rose this week, and the price of 3128b lint on the 16th was about 15566 yuan / ton. It was down 2.64% month on month and up 35.56% year on year. 2、 Market analysis

2、 Market analysis Domestic: this week, the spot cotton showed a fluctuating upward trend. On the 16th, China’s cotton price index 3128b was 15551 yuan / ton, up 182 yuan / ton from last Friday. According to statistics, the cotton industrial inventory of textile enterprises in March was 917500 tons, an increase of 35100 tons compared with the end of last month. Domestic cotton supply is sufficient, commercial stocks and imports of cotton have increased, in addition, there may be national reserves of cotton supply; The demand side is general, and the short-term driving force is not strong The forecast of domestic cotton production, sales and inventory in April was adjusted as follows: in 2020 / 21, China’s cotton output was 5.95 million tons, the same as that of last month, with a year-on-year increase of 107000 tons, an increase of 1.83%; The consumption was 8.29 million tons, with a month on month increase of 514200 tons, an increase of 6.61%, and a year-on-year increase of 813300 tons, an increase of 10.88%; The inventory at the end of the period was 6.3598 million tons, with a month on month increase of 195800 tons, an increase of 3.18%, and a year-on-year increase of 131200 tons, an increase of 2.11%; The gap between production and demand was 2.34 million tons, an increase of 706300 tons over the previous year, and the inventory consumption ratio was 76.72%, down 2.56 percentage points on a month on month basis, and a decrease of 6.3 percentage points over the previous year. International: the U.S. dollar continued to weaken recently, raising the overall commodity prices In June, USDA reduced global cotton ending inventory by 246000 tons to 20349000 tons. Last week’s sharp decline in US cotton exports led to a mid speed dive in ice futures trading. This week’s sharp fall in the US dollar index led to a sharp rise in the commodity market. At the same time, the market expected US cotton exports to be good this week, adding to the adverse weather drought in Texas, ice cotton rose rapidly on the 15th. As of the 15th, the international cotton price index (SM) was 95.12 cents / pound, and the international cotton price index (m) was 91.53 cents / pound. Futures: boosted by foreign cotton prices, Zheng cotton rose this week. The domestic short-term import sliding tax quota, throwing and storage expectations are expected to be implemented, there is a certain inventory pressure in the middle part of the industrial chain, and Zheng cotton followed the US cotton with a small increase On June 16, the settlement price of Zheng Mian’s main contract 2109 was 15360 yuan / ton, up 185 yuan / ton from last Friday.

Futures: boosted by foreign cotton prices, Zheng cotton rose this week. The domestic short-term import sliding tax quota, throwing and storage expectations are expected to be implemented, there is a certain inventory pressure in the middle part of the industrial chain, and Zheng cotton followed the US cotton with a small increase On June 16, the settlement price of Zheng Mian’s main contract 2109 was 15360 yuan / ton, up 185 yuan / ton from last Friday. 3、 Downstream industry chain Affected by the recent weak price shocks and the reduction of new orders in the downstream, the purchase intention of textile mills is generally not strong. Pure cotton yarn market transaction downturn. Some traders in Foshan have no turnover, downstream customers maintain production, and demand is insufficient.

Bisphenol A: the sky high price of bisphenol A continues to set historical records. According to the monitoring data of the business society, the low price of bisphenol A will drop to 8000 yuan / ton in 2020, and the market offer of bisphenol A has reached 30000 yuan so far! It was thought that the market had reached a high point before the holiday, but before the holiday, many manufacturers constantly determined the maintenance plan, with the maintenance time ranging from 15 to 45 days. The BPA market, which was originally in short supply, is expected to have a sharp reduction in supply, which is even worse for the BPA market which was in imbalance between supply and demand. As shown in the figure above, bisphenol a market soared in one year, but the market “inflection point” has not yet appeared. From the demand side, there is a wide range of downstream demand, but many of the downstream liquid epoxy resin can still accept high price raw materials, following the upward trend. Due to the cost pressure, the price increase speed of other downstream still needs to follow up. The downstream PC and epoxy resin will expand their production capacity in 2021, and it is expected that the bisphenol a market will remain high in this year.

Epoxy resin: the market of epoxy resin has exploded, the market offer has soared, and the price increase information of major factories is constantly increasing. Up to now, the liquid resin market offer in East China has reached 39000 yuan / ton, and the “4″ is close at hand, and the solid resin market is not inferior. The negotiation in Huangshan mainstream area has already exceeded 30000 yuan / ton, and reached 32000 yuan / ton. With the support of the current raw materials, the double-layer epoxy resin market has developed rapidly The market of phenol a keeps rising, with the offer reaching 30000 yuan / ton. Another important raw material, epichlorohydrin, is speeding up. Under the strong support of cost, it is expected to continue to push up in the future. At present, with the high demand for epoxy resin at home and abroad, sufficient orders, good market situation and continuous favorable supply and demand factors, the future market of epoxy resin is still strong.

From the perspective of business community, the terminal market demand continues to improve, foreign demand surges, while the supply side continues to be tight, and the factory offer only increases. Under the contradiction between supply and demand, the industrial chain will usher in an unprecedented good, and the bisphenol epoxy resin industrial chain and some of the main products involved in the upstream and downstream will continue to improve in the short term.