1、 Price trend

 

According to the monitoring data of business news agency, the average price of PS (GPPS 525) was 9766 yuan / ton on April 5 at the beginning of this week, and 10033 yuan / ton on April 9 at the end of this week, with a steady rise of 2.73% and a rise of 34.37% compared with the same period last year.

 

2、 Market analysis

 

At present, the PS market is on the rise, with a range of 100-150 yuan / ton. The cost center of gravity moved up significantly, driving the PS market to further explore the rise before and after the Qingming holiday. However, the acceptance of buying price is not high, and it is difficult for the market to make a large deal. Since April 7, under the influence of the high level correction of styrene, the market price reduction and shipment situation have gradually increased, and the center of gravity has declined again. However, due to the change of benzene and the center of gravity is relatively strong through benzene. According to the data, on April 8, 2021, the benzene penetration revenue of East China market was 9800-13400 yuan / ton, with the low end down 100 yuan / ton and the high end up 100 yuan / ton.

 

On the cost side, the raw material styrene fell back after rising, with a large range, and the cost support may decline. On the supply and demand side, the inventory further decreases, and the pressure on the supply side has not increased yet, but the small and medium-sized downstream has poor acceptance of the high level, and the potential pressure on supply and demand exists. It is estimated that benzene penetration in East China market will be 9700-13300 yuan / ton.

 

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3、 Future forecast

 

Short term PS market or weak consolidation. Styrene high shock, coupled with weak market delivery, real single negotiations or weak. It is estimated that benzene penetration in East China market will be 9900-13400 yuan / ton.

From the end of March, the LPG market was dominated by favorable factors and entered the upward channel again. According to the data monitoring of business society, the average price of LPG in Shandong market was 3826.67 yuan / ton on March 28 and 4000.00 yuan / ton on April 1, with an increase rate of 4.53% in the past four days, up 7.62% compared with March 1.

 

As of April 1, the mainstream prices of LPG in various regions of China are as follows:

Specification ﹣ mode of transportation ﹣ region ﹣ mainstream price

Civil gas and automobile transportation in North China: RMB 3850-3970 / T

Civil gas and automobile transportation in East China: RMB 4010-4150 / T

Civil gas and automobile transportation in South China: RMB 4060-4150 / T

Civil gas and automobile transportation in Shandong Province: 3950-4000 yuan / ton

At the end of March, the LPG market was once again on the rise, and the price continued to rise. At present, the average price of Shandong civil gas market is back to 4000 yuan / ton. First of all, the international crude oil market fluctuated frequently during the week, and the price was high first and then low, but the overall rise brought some support to the LPG market. Secondly, driven by related products, propane and C4 after ether both went up, which also brought certain benefits to the market. At the beginning of the week, the lower reaches had a positive attitude and entered the market more actively. Most of the manufacturers delivered goods smoothly, the inventory was generally low, and the price continued to rise. But the price rise is not easy, the current market negative factors still exist. Saudi Aramco’s CP price was released in April, and the price of propane and butane all fell. One of the reasons is that the decline in the cost of imported gas has brought a certain negative impact on the domestic market. The supply side of Shandong market is relatively sufficient, but the lack of demand follow-up is the second. With the price continuously rising to a relatively high level, the resistance of the downstream increased, and they withdrew from the market one after another to wait-and-see, and the transaction atmosphere of the market obviously weakened.

 

Recently, the LPG futures market has been mainly volatile, which brings limited benefits to the spot market. On April 1, the opening price of LPG futures contract 2105 was 3887, the highest price was 3914, the lowest price was 3770, the closing price was 3782, the former settlement price was 3865, the settlement price was 3842, down 83, or 2.15%. The trading volume was 83069, the position was 24450, and the daily increase was – 9431. (quotation unit: yuan / ton)

 

In the future, although the current civil gas market is dominated by short-term positive factors and continues to rise, there are still negative factors in the market. The decrease of imported gas cost obviously brings some negative factors to the domestic market, and the fluctuation of international crude oil is frequent. In the later stage, with the gradual increase of weather and temperature, the market demand is expected to weaken. The current price is relatively high, and there is little room for later rise. It is expected that the trend of Shandong civil gas market in April is still weak.

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1、 Price trend

 

Azodicarbonamide (AC foaming Agent)

According to the monitoring data of the business community, the average price of EPS common material was 10075 yuan / ton on March 29 at the beginning of this week, and 10250 yuan / ton on April 2 at the weekend, up 33.55% compared with the same period last year.

 

2、 Market analysis

 

The domestic EPS market rose by 100-200 yuan / ton, with the output of ordinary materials in Jiangsu Province at 10000-10200 yuan / ton and the output of fuel at 10300-10500 yuan / ton. Due to the influence of upstream styrene strengthening finishing, EPS ex factory and market prices keep rising. However, the market transaction atmosphere is not as good as yesterday, and the merchants are cautious and just need to take some goods.

 

On the supply side, the shutdown device resumed normal production last week, and the output is expected to increase slightly next week. Demand side, North China, northeast and other regional plate demand improved, market demand is expected to continue to rise next week.

 

3、 Future forecast

 

It is expected that the domestic EPS price will not fluctuate much in the short term.

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1、 Price trend

 

povidone Iodine

According to the data monitored by the business community (the average price of SG5 manufactured by calcium carbide method), on March 30, the mainstream average price of PVC in China was 8775 yuan / ton, up 0.14% from the beginning of this month and 55.43% from the same period last year.

 

2、 Market analysis

 

Since the Spring Festival in 2021, driven by the bull market of the collective rise of chemical bulk products, the domestic PVC market has been rising rapidly, and the focus has been constantly moving up. Futures and spot have once again reached the 9000 yuan / ton mark hand in hand. Under the mood of “buying up but not buying down”, the industry has entered the market actively, and the market is improving.

 

In March, affected by the dual control policy of energy consumption in Inner Mongolia, the raw material calcium carbide reached a 10-year high with strong cost support, and the PVC export was better and stronger, which helped the PVC price rise continuously, and the futures price rose to a 10-year high, which can be described as a rapid rise. PVC market high callback in the last ten days, prices continued to decline, waiting for demand to follow up. Near the end of the month, PVC stopped falling and rose slightly, but the rising trend was fleeting, and the prices of various places were generally reduced. At present, the lower reaches of the PVC purchase enthusiasm is not high, the transaction atmosphere is not warm, bargain hunting, wait-and-see, but just need is still in. The price of raw calcium carbide continued to fall, the cost support gradually declined, the disk weakened, and the spot market price loosened.

 

In terms of spot price, the mainstream quotation range of pvc5 calcium carbide in China is around 8700-8900 yuan / ton. The price of pvc5 calcium carbide in Hangzhou is 8600-8800 yuan / ton, and the price is adjusted back; the mainstream price of pvc5 calcium carbide in Changzhou is 8700-8850 yuan / ton, and the price is adjusted back; the mainstream price of PVC common calcium carbide in Guangzhou is 8700-8820 yuan / ton, and the price is adjusted back; the market quotations of all places are sliding down to varying degrees.

 

Futures, the shock fell, led the spot trend. March 31 v2105 contract opening price: 8610, the highest price: 8690, the lowest price: 8515, position: 260888, settlement price: 8615, yesterday settlement: 8750, down 135.

 

Remarks on 31 March 2007

East China PVC calcium carbide process: 8550-8800 yuan / ton

South China PVC calcium carbide process: 8550-8850 yuan / ton

Huabei PVC calcium carbide process 8680-8850 yuan / ton

Southwest PVC calcium carbide method 8650-8850 yuan / ton

 

For upstream crude oil, on March 30, the international oil price fell. The settlement price of the main contract in the U.S. WTI crude oil futures market was $60.55/barrel, down $1.01 or 1.6%. Brent crude oil futures market settlement price of the main contract at 64.14 U.S. dollars / barrel, down 0.84 U.S. dollars or 1.3%. Oil prices fell on Tuesday mainly due to the resumption of navigation of the Suez Canal and the strength of the US dollar. At present, the market is mainly focused on the upcoming OPEC + ministerial meeting.

 

Ethylene, March 30, European ethylene market, FD northwest Europe quoted 1225-1238 US dollars / ton, down 2 US dollars / ton, CIF northwest Europe quoted 1198-1209 US dollars / ton, down 7 US dollars / ton. On March 30, the U.S. ethylene market quoted a price of US $1216-1229 per ton at FD American Bay. Recently, the U.S. ethylene market is stable and the demand is general. On March 30, the price of ethylene in Asia was USD 1058-1064 / T in Northeast Asia and USD 1003-1009 / T in Southeast Asia. Recently, the price of ethylene in Asia is mainly rising. Affected by the drop in upstream crude oil prices, the ethylene market may fall mainly later.

 

On March 31, the reference price of calcium carbide was 4200.00, up 17.76% compared with March 1 (3566.67). At the end of this month, with the resumption of large foreign PVC factories, domestic PVC factories began to stop for maintenance, the demand for calcium carbide was no longer as before, and the price of calcium carbide dropped again and again. It is predicted that the price of calcium carbide in Northwest China may drop slightly in early April.

 

3、 Future forecast

 

PVC analysts of business news agency believe that the current decline in cost and price, as well as the flat transaction of high price, lead to a relatively volatile trend of PVC in the short term, and the price continues to decline. However, it is difficult for the raw material price to quickly fall back to the previous level, so the cost support still exists. At the same time, the downstream demand is gradually following up. As PVC enterprises are about to enter the maintenance season, the supply side is expected to tighten, and the positive factors are superimposed There are many opportunities for PVC to rise in the future.

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According to the data of the commodity list of the business society, the formaldehyde Market in Shandong has risen sharply recently. On March 29, the average price of formaldehyde in Shandong was 1333.33 yuan / ton, and on March 31, the average price of formaldehyde in Shandong was 1466.67 yuan / ton, up 10.00%. The current price has increased by 20.55% month on month, and the current price has increased by 6

Sodium Molybdate

9.23% year on year.

 

Recently, the domestic formaldehyde market price has risen. As of March 31, the mainstream ex factory quotation in Central China has increased by 23 yuan / ton to 1323 yuan / ton, the mainstream ex factory quotation in North China has increased by 1275 yuan / ton, and the mainstream ex factory quotation in East China has increased by 45 yuan / ton to 1374 yuan / ton. Shandong Linyi Galaxy formaldehyde production capacity of 120000 tons / year formaldehyde plant has been restarted. Recently, the formaldehyde Market Trading atmosphere is active, the market supply exceeds demand, the transaction situation is good, the formaldehyde market has gone up significantly.

 

Upstream methanol situation: the negotiated price of methanol market in southern Shandong increased by 20-50 yuan / ton to 2260 yuan / ton, and the nearby factory raised cash. Linyi receives the local goods to negotiate the price to 2250-2260 yuan / ton and deliver them to spot exchange. The logistics goods offer 2230-2240 yuan / ton and deliver them to spot exchange. Shandong methanol Lubei market reference price 2250 yuan / ton to spot. Methanol overall trading atmosphere is good, the market continues to rise, forming a strong support for formaldehyde market.

 

Affected by the blockage of the Suez Canal, the recent rise in international crude oil prices has led to the rising cost of chemical raw materials, and the price rise of bulk commodities is gratifying. In this context, the rising wood prices have promoted the strong atmosphere of formaldehyde downstream plate factories and adhesive factories. The industry has a positive purchasing attitude. The supply of formaldehyde is in short supply, and the formaldehyde market has risen sharply.

 

Recently, the upstream raw material methanol showed an upward trend, and the demand of downstream plate factories continued to improve, which supported the formaldehyde market. Therefore, the formaldehyde analysts from the chemical branch of business society predicted that the price of formaldehyde in Shandong would mainly rise in the near future.

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