Recent price trend of sulfuric acid

As can be seen from the above figure, the market price of sulfuric acid in Shandong increased this week. The quotation increased from 770.00 yuan / ton at the beginning of the week to 775.00 yuan / ton at the end of the week, an increase of 0.65%, an increase of 81.29% year-on-year compared with the same period last year. Overall, the sulfuric acid market rose this week, and the sulfuric acid commodity index was 120.62 on August 13.

The downstream market was boosted and the willingness to purchase was strengthened

From the manufacturer’s quotation, the price of mainstream sulfuric acid manufacturers in Shandong increased this week, the manufacturer’s inventory is general, and the downstream demand is good. Heze Jiangyuan sulfuric acid quoted 840 yuan / ton at the weekend, which increased by 10 yuan / ton compared with the beginning of the week; Zouping Tianlu quoted 710 yuan / ton this weekend, which was temporarily stable compared with that at the beginning of the week; Changzhou Qinghong weekend quoted 1050 yuan / ton, which increased by 70 yuan / ton compared with the beginning of the week.

From the perspective of upstream and downstream industrial chains, the upstream sulfur market has been consolidated at a high level recently. The quotation increased from 1666.67 yuan / ton at the beginning of the week to 1686.67 yuan / ton at the end of the week, an increase of 1.20%, a year-on-year increase of 136.45% compared with the same period last year, and the cost support is good. The downstream bromine market fell slightly, and the quotation fell from 43125.00 yuan / ton at the beginning of the week to 43062.50 yuan / ton at the end of the week, down 0.14%, up 54.72% year-on-year compared with the same period last year. The downstream formic acid market rose slightly. The quotation increased from 3166.67 yuan / ton at the beginning of the week to 3333.33 yuan / ton at the end of the week, an increase of 5.26%, up 94.17% year-on-year compared with the same period last year. On the whole, the upstream and downstream products had a positive impact on the price of sulfuric acid this week.

Market outlook rose slightly

In the middle and late August, the sulfuric acid Market in Shandong Province mainly rose slightly. The upstream sulfur price has been adjusted at a high level recently, and the cost support is good. Although the downstream bromine market began to decline slightly, the downstream formic acid market rose, the downstream enthusiasm for purchasing sulfuric acid strengthened, and the product trend rose under the contradiction between supply and demand. Sulfuric acid analysts of business society believe that under the influence of supply and demand and raw materials in Shandong market in the short term, the sulfuric acid market may rise slightly.

According to the monitoring data of business agency, as of August 13, the ex factory price of domestic industrial grade propylene glycol was 17166 yuan / ton. Compared with the price on August 9, the average price was increased by 100 yuan / ton, or 0.59%. Compared with the price on August 1, the average price increased by 566 yuan / ton, or 3.14%.

This week, the overall domestic propylene glycol market was stable and rose slightly. In terms of cost, the recent upward trend of raw material propylene oxide has given propylene glycol cost support. In terms of devices, the devices of Shandong propylene glycol large plant have been started and stopped this week, and the overall operating rate is still slightly low. Therefore, in terms of supply, the overall pressure of propylene glycol is small, the supply is low, and the propylene glycol market rose slightly at the weekend. At present, as of August 13 this weekend, the domestic propylene glycol market price reference is around 17100-17500 yuan / ton. According to the monitoring data of business society, the ex factory price of domestic industrial propylene glycol is 17166 yuan / ton, an increase of 0.59% during the week compared with the price at the beginning of the week.

In terms of upstream propylene oxide, the domestic propylene oxide price fell in late July. In August, propylene oxide stopped falling and rose, and the market situation continued to rise. As of August 13, the reference price of propylene oxide was 17025 yuan / ton, an increase of 4.45% compared with August 1 (16300 yuan / ton).

Future trend analysis

At present, there is little pressure on the supply of propylene glycol plants. In the short term, there are many favorable factors for propylene glycol. Therefore, propylene glycol analysts of business society believe that the market situation of propylene glycol will be stable and strong.

1、 Price trend

According to the bulk list data of business society, the price of aniline stabilized this week and fell slightly near the weekend. On July 30, the price of aniline in Shandong was 10400-10600 yuan / ton and that in Nanjing was 10800-10900 yuan / ton; On August 6, the price in Shandong was 10400-10600 yuan / ton; The average price of aniline in Nanjing was 10600-10700 yuan / ton, down 0.63% from last week, up 32.49% from the beginning of the year and 142.47% from the same period last year.

2、 Analysis and review

In terms of cost, the prices of crude oil and pure benzene in Asia fell sharply during the week. Affected by the epidemic in China, the logistics in many places was limited and the shipment of enterprises was blocked; The downstream operating rate decreased, the production of new units was delayed, the demand decreased, and multiple negative factors suppressed, and pure benzene continued to weaken this week. This week, the listing price of Sinopec pure benzene was lowered twice, a total of 450 yuan / ton to 7700 yuan / ton. On Sunday (August 8), the price of pure benzene was 7450-7700 yuan / ton (the average price was 7620 yuan / ton), and the average price decreased by 550 yuan / ton or 6.73% compared with last week; Compared with the same period last year, it increased by 122.16%.

The price of nitric acid rose sharply during the week. On Friday (August 6), the production price of nitric acid in East China was 3096.67 yuan / ton, an increase of 19.1% over last week and 101.96% over the same period last year.

Positive: the price of raw materials fell, and the profit space of aniline rebounded; The inventory of aniline enterprises is not high, and some units are still in shutdown. Bad: affected by the epidemic in East China, the logistics is limited, the factory shipment is blocked, and the price decreases slightly.

3、 Future expectations

In terms of cost, although the shipment of pure benzene enterprises is blocked and the downstream demand is insufficient, the price continues to decline, the downstream profit space rebounds, or stimulates purchase. It is expected that the pure benzene will fluctuate weakly next week.

The raw material pure benzene went down, the profit space of aniline rebounded, but the price of nitric acid was still high; At present, many aniline plants are still shut down, the enterprise inventory is low, and the aniline is expected to fluctuate at a high level next week. Continue to pay attention to the trend of raw material, downstream demand and the dynamics of aniline plant.

According to the data of business agency, the average early trading price of silver market on August 9 was 5024 yuan / kg, which was 5241.33 yuan / kg higher than the average early trading price of spot market on August 6; Decreased by 4.15%; Compared with the early average price of 5329.67 yuan / kg in the spot market in early August (August 1), a decrease of 5.74%; Compared with the beginning of the year (01.01), the spot price of silver was 5550 yuan / kg, a decrease of 9.48%.

On August 9, the spot early trading price of gold was 363.30 yuan / g, down 3.07% from 374.80 yuan / G on August 6; Compared with the spot market price in early August (8.1), the early average price was 366.77 yuan / g, a decrease of 4.45%; Compared with the spot price of gold at the beginning of the year (01.01), 392.70 yuan / g, down 7.49%.

Negative main reason: strong non-agricultural data

On Friday, the US non farm employment report was released, and the relatively strong non farm data triggered market expectations that the Federal Reserve may soon start to reduce monetary stimulus.

U.S. employment growth in July hit the largest increase in nearly a year, and the unemployment rate also fell faster than expected. The U.S. non farm employment report released after the quarterly adjustment in July recorded an increase of 943000, the largest increase since April last year, of which the employment in leisure and hotel industry increased by 380000; At the same time, an increase of 870000 people higher than the expected value; Meanwhile, the unemployment rate in July was 5.4%, better than the expected 5.7%; The U-6 underemployment rate decreased from 9.8% to 9.2%. The U.S. Bureau of labor statistics also released the revised non-agricultural data for May and June. In May, the number of new non-agricultural employment increased by 31000 to 614000; In June, the number of new non-agricultural employment increased by 88000 to 938000. In terms of itemized data, according to the household survey, the number of employed people soared from 1043000 to 15264.5 million, and the number of unemployed people decreased from 9.484 million to 8.702 million; The labor participation rate increased slightly from 61.6% to 61.7%.

After the release of the report, the US dollar rose, treasury bond yields rose and gold and silver fell. Because the strong employment data may indicate that the Fed will announce the decision to reduce QE as early as September, and then start reducing bond purchase at the end of this year or early next year. After the data were released, US dollar and US bond yields rose together, while gold and silver suffered a sharp decline. Higher interest rates will weaken the competitiveness of gold relative to interest bearing assets.

Multi null variables: factors of overseas public health events

The number of new cases in the United States, Iraq, Spain and Japan continued to rise, but the growth rate in Britain and Russia remained stable. In terms of vaccination, China, Germany and France have surpassed the United States for times. Overall, affected by delta + mutant strains, the global epidemic continued to spread. Last Friday, more than 700000 people were added in a single day, including 145000 in the United States and 70000 in the euro zone. However, the probability of infection and severe disease in vaccinated patients decreased.

Capital considerations

Last week, SPDR’s gold ETF position decreased by 6.17 tons to 1025.3 tons, but the total silver ETF position increased by 28 tons to 28584 tons. Gold and silver investment differentiation.

Future forecast

In the short term, precious metals are under more pressure, mainly due to the suppression of precious metal prices by market expectations generated by macroeconomic data. The recent focus is on inflation data, including the initial annual CPI rate of the United States in July on Wednesday and the PPI report data on Thursday.

According to the monitoring data of business society, as of July 31, the average price of organosilicon DMC market quotation in mainstream areas was 30666 yuan / ton. Compared with July 1 (the average reference price of organosilicon DMC was 30566 yuan / ton), the average price increased by 100 yuan / ton, or 0.33%.

In early July, the overall high-level consolidation operation of the domestic silicone DMC market was dominated, and the market was stable, which can be described as “calm”. As of July 15, the mainstream ex factory price of domestic silicone DMC was around 30300-30800 yuan / ton, which was basically the same as that at the beginning of the month.

In late July, on the 16th, in Shandong Province, Luxi Chemical took the lead in breaking the calm by slightly raising the ex factory price of silicone DMC of the plant by 100 yuan / ton. After the adjustment, the ex factory price of silicone DMC of Luxi Chemical was 30700 yuan / ton. Most other factories continued to focus on stability, and the market continued to maintain high and stable operation. On the 20th, Luxi Chemical again raised the ex factory quotation of silicone DMC to 30800 yuan / ton, and other individual factories also had sporadic small price increases, but most factories continued to stay at a high level. Until the end of July, the overall performance of the market was “stable”. According to the monitoring data of business agency, as of July 31, the average ex factory price of domestic silicone DMC was 30666 yuan / ton, which increased by 100 yuan / ton or 0.33% compared with the price on July 1.

Upstream, in July, the domestic metal silicon market rose as a whole. According to the monitoring data of business society, as of July 31, the reference price of metal silicon was 15166.67 yuan / ton, a monthly increase of 5.57% compared with July 1 (14366.67 yuan / ton).

Future trend forecast of silicone DMC Market

At present, when the silicone DMC market continues to be high, the downstream is gradually cautious in taking goods, and the support for the domestic silicone DMC market to break through the calm and close upward is slightly insufficient. Therefore, the silicone DMC analyst of business society believes that in the short term, the domestic silicone DMC Market will mainly adjust the high consolidation range.

According to the monitoring of business society, the market price trend of domestic phthalic anhydride rose in July. As of the end of the month, the quotation of phthalic anhydride was 6700 yuan / ton, up 6.14% from the price of 6312.5 yuan / ton at the beginning of the month, up 33% year-on-year. The price trend of phthalic anhydride rose in July. The spot supply on the site was normal, and the market price of phthalic anhydride rose.

In July, the overall price trend of phthalic anhydride market rose, the delivery of phthalic anhydride in the field improved, and the downstream demand increased recently. In July, the price trend of phthalic anhydride was temporarily stable, the plasticizer market rose, and the market price trend of phthalic anhydride rose supported by the good. The operating rate of domestic phthalic anhydride manufacturers has not changed much. The operating rate of phthalic anhydride on the site is about 60%. The domestic spot supply of phthalic anhydride is normal, the price trend of phthalic anhydride on the site is rising, the market of downstream plasticizer industry is rising, and the actual transaction situation is improving. The market price trend of phthalic anhydride in East China is rising, and there are limited high-end transactions on the floor. The mainstream of adjacent France source negotiation in East China is 6600-6800 yuan / ton, and the mainstream of naphthalene method source negotiation is 6400-6500 yuan / ton; The mainstream quotation of phthalic anhydride market in North China is 6700-6800 yuan / ton. The wait-and-see mentality of phthalic anhydride still exists in the field, and the downstream purchase is mainly on demand. Recently, the downstream DOP market trend has risen, and the market price of phthalic anhydride has risen.

In July, the price trend of domestic orthobenzene was temporarily stable, with an on-site price of 6200 yuan / ton. The stable price of domestic orthobenzene is a good support for the phthalic anhydride market. In addition, the imported orthobenzene market in the port area remains high, and the external quotation of orthobenzene is stable. Recently, the inventory of orthobenzene in the port area has been overstocked, and the external quotation of orthobenzene is stable. The actual transaction price is subject to negotiation, and the actual transaction price is discussed in detail, The price trend of o-benzene was temporarily stable, the price of raw material o-benzene was good for the domestic phthalic anhydride market price, and the overall trend of phthalic anhydride market rose in July.

In July, the market price of DOP downstream of phthalic anhydride rose sharply. According to the monitoring of business society, the domestic DOP price was 15675 yuan / ton by the end of the month, and the price increase in July was 17.86%. The equipment of DOP enterprises in the field started normally. With the rise of isooctanol price, the DOP cost increased, and the DOP price trend increased significantly. DOP enterprises started normally, the spot supply on the floor was normal, and the upward momentum of DOP in the future weakened. In the future, the cost of DOP decreased, the operating rate of enterprises increased, the support of DOP rise weakened, and the excessive price caused too much pressure on the cost of downstream products, the upward momentum of plasticizer DOP market weakened, and the downward pressure still existed. The transaction price was subject to the real-time price. The overall DOP price was about 15400-15700 yuan / ton. The DOP market trend rose sharply in July, and the price trend of phthalic anhydride market was affected.

On the whole, the recent trend of crude oil price is relatively strong, the market trend of downstream plasticizer industry remains high, and the recent trend of orthobenzene price rise, it is expected that the market price of phthalic anhydride may rise steadily in the later stage.

1、 Price trend

2、 Market analysis

According to the data of business agency, the domestic potassium sulfate market rose actively in July. As of July 31, the average price of 50 particle samples of domestic potassium sulfate was 4433.33 yuan / ton, an increase of 8.57% over the average price level at the beginning of the month and 65.73% over the same period last year.

The domestic potassium sulfate Market has experienced a long-term rise since the end of May. In July, the supply side of the domestic potash fertilizer market remained tight, and the pattern remained unchanged, and potassium sulfate still maintained a positive market. The spot increase in the month was concentrated in the middle of the first half of the month. In the latter half of the month, due to the impact of a small increase in the on-site supply, the on-site offer began to stabilize. Recently, the output of domestic potassium chloride fertilizer has also decreased, and the monthly increase of potassium chloride spot is more than 14%. The upstream panel remains strong, the cost end pressure of potassium sulfate intensifies, and the load of domestic Mannheim unit is further reduced to less than 60%. Due to the high construction cost pressure and the resistance of the demand side to the high price supply, the market momentum began to decrease, there was upward resistance in the latter ten days, the actual transaction was limited, and the market increase narrowed. At present, the ex factory reference price of 52% potassium sulfate powder of Shijiazhuang hehe Chemical Co., Ltd. is reported as 4600 yuan / ton. The ex factory reference price of 52% potassium sulfate powder of tripartite chemical group is reported as 4600 yuan / ton.

3、 Future forecast

Potassium sulfate analysts of business agency believe that the domestic potassium fertilizer market price remained rising in July, the price of raw potassium chloride increased greatly, and the cost support of domestic potassium sulfate was strong. The potash fertilizer market is in short supply of Lido potassium related products, but the load of processing potassium sulfate enterprises is forced to be reduced due to cost pressure. In terms of demand, the follow-up efforts of terminal enterprises are gradually reduced, and the shipment of high price goods is blocked. It is expected that the increase of domestic potassium sulfate price may narrow in the near future.

1、 Price trend

According to the monitoring data of business society, the price of soda ash is strong this month. At the beginning of the month, the average market price was about 1882 yuan / ton, and at the end of the month, the average market price was 2137.5 yuan / ton, with a price increase of 13.58% and a year-on-year increase of 64.42%. On July 29, the commodity index of light soda ash was 106.41, the same as yesterday, down 9.71% from the highest point of 117.86 in the cycle (November 21, 2017), and up 68.50% from the lowest point of 63.15 on November 18, 2015（ Note: period refers to the period from September 1, 2011 to now)

2、 Market analysis

According to the monitoring data of business society, the soda ash market atmosphere is good, and the manufacturers are mainly active in shipping. The mainstream market price of light soda ash in East China is about 2000-2100 yuan / ton. The price of soda ash in North China is relatively strong, and the mainstream market price of light soda ash is about 2100-2200 yuan / ton. The price of soda ash in Central China is relatively strong, and the current mainstream market price of light soda ash is about 2000-2050 yuan / ton. Generally speaking, the short-term high price of soda ash is dominated.

Demand: the glass price is strong this month. The average price at the beginning of the month is 35.35 yuan / m2, and the average price at the end of the month is 38.58 yuan / m2, with a price increase of 9.14% and a year-on-year increase of 96.14%. Glass spot market prices rose slightly, inventory growth slowed down, and prices in some regions increased. In terms of Shahe in North China, the shipment of enterprises is OK, the inventory of enterprises is low, and some manufacturers have increased slightly. The overall trend of glass spot market in East China is general, and the quotations of individual manufacturers are increased. The production and sales in Central China are OK, and the spot price of glass has increased. Glass shipments in South China are better, and the prices of individual enterprises have increased. On the whole, there is no pressure on the manufacturer’s inventory, the overall shipment is good, and the price is mainly increased slightly.

According to the price monitoring of the business society, in the list of price rise and fall of chlor alkali industry in the 29th week of 2021 (7.19-7.23), there were 3 kinds of commodities rising, 1 kind of commodity falling and 1 kind of commodity rising or falling to 0. The main commodities rising were: caustic soda (7.05%), light soda (2.89%), calcium carbide (0.98%); The main commodities falling were PVC (- 0.14%). Both rose or fell by 2.16% this week. Average: 20.00%.

Business analysts believe that domestic soda ash prices are strong, and manufacturers are mainly active in shipping. Downstream glass prices are strong, and soda ash still gives strong support to glass. The inventory of soda ash has decreased and the supply is tight. Generally speaking, soda ash is mostly strong in the later stage, and the market operation is mainly based on the downstream market demand.