DOP prices fell sharply this week

According to the data monitoring of the business agency, the DOP price fell sharply this week. The market demand for DOP was insufficient in the off-season, and the DOP market fell sharply. As of June 19, the DOP price was 11512.50 yuan / ton, down 3.46% from the DOP price of 11925 yuan / ton on June 12 last week. In the off-season of demand, DOP prices fell sharply.

The price of isooctanol fell sharply at a high level

According to the price monitoring of the trading agency, the price of isooctanol fell this week, and the high price of isooctanol fell. As of June 19, the price of isooctanol was 11233.33 yuan / ton, down 8.67% from 12300.00 yuan / ton on June 12 last week. The high price of isooctanol fell sharply this week, the cost of DOP market fell sharply, and the downward pressure on DOP increased.

The price of phthalic anhydride stopped rising and stabilized

According to the price monitoring of the business club, the phthalic anhydride market stopped rising and stabilized this week. As of June 19, the phthalic anhydride price was 8675 yuan / ton, up 2.06% from the phthalic anhydride price of 8500 yuan / ton on June 12 last week. This week, the price of orthobenzene rose sharply, the market of phthalic anhydride rose, the cost of DOP raw materials rose, and the driving force for DOP price rise remained.

Aftermarket expectation

According to DOP data analysts of business agency, the start-up of downstream enterprises was low this week. In the off-season of the market, downstream enterprises reduced production and increased, and the demand for plasticizers was insufficient; The price of isooctanol fell sharply, the price of phthalic anhydride stopped rising and stabilized, the cost of plasticizer DOP fell, and the price of DOP fell sharply; In the off-season of the market, the cumulative shutdown increased, the downstream demand of DOP was insufficient, the downward pressure of DOP increased, and the upward momentum weakened. In general, the downward pressure on the cost of raw materials is increasing, the demand in the off-season is insufficient, and the downward pressure on DOP is increasing. It is expected that the DOP price will fall sharply in the future.

According to the bulk data monitoring of the business agency, as of June 20, the average price of acetic acid in East China was 3962.50 yuan / ton, down 28.09% from the beginning of the month. In June, the price of acetic acid continued to decline since the Dragon Boat Festival, with the highest single day drop of 300 yuan / ton. As of June 20, the market prices of acetic acid in various regions in China are as follows:

Region, June 6, June 20th

Shandong region, 5350 yuan / ton, 3650 yuan / ton

Jiangsu region, 5450 yuan / ton, 3600 yuan / ton

Zhejiang region, 5550 yuan / ton, 3700 yuan / ton

South China, 4850 yuan / ton, 3950 yuan / ton

North China, 5400 yuan / ton, 3650 yuan / ton

In June, the domestic acetic acid market fell sharply, mainly because the downstream demand was weak, the market transaction atmosphere was light, the acetic acid factory had a strong mentality of shipping, and the quotation continued to fall. However, the downstream and traders were generally enthusiastic, and the acetic acid market continued to be weak under the mentality of just entering the market and buying up but not buying down. From the supply side, the faulty devices in the northwest factory resumed operation, the main factories in Shandong resumed retail, the market supply increased, and the supply and demand were weak, Acetic acid market may continue to decline.

The price of acetic anhydride in the downstream fell. As of the 20th, the ex factory price of acetic anhydride was 7500.00 yuan / ton, down 12.10% in June. Mainly due to the upstream market trend, the raw material market was weak and downward. In June, the price of acetic acid fell sharply, the raw material cost of acetic anhydride fell, and the price of acetic anhydride fell with it.

In terms of acetate, the domestic ethyl acetate Market is weak. As of the 20th, the average ex factory price of ethyl acetate in East China was 8400 yuan / ton, down 4.67% in June. The upstream acetic acid market continued to weaken, driving the price of ethyl acetate down. However, the low operating rate of ethyl acetate supply inhibited the sharp decline of the market to a certain extent. In the long run, the market is still weak. The market of butyl acetate was mainly volatile, the cost and demand were negative, the supply side narrowed, and the market was weak under the stalemate of supply and demand. The weak operation of raw acetic acid market has driven the weak consolidation of downstream acetate Market.

According to the acetic acid analysts of the business society, the domestic acetic acid market has a cold trading atmosphere, the factory quotations have been frequently reduced, and the downstream purchase still needs to be followed up. The main plant units in East China will resume operation, the on-site supply will also increase, and the supply will be strong but the demand will be weak. It is expected that the acetic acid market will continue its weak operation, and the long-term trend needs to pay attention to the downstream follow-up.

From June 10 to June 17, 2022, the “V” trend of the antimony ingot Market in East China was 80500 yuan / ton last weekend and 80500 yuan / ton this weekend, flat.

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart by using the concept of the K-line of price trend. Investors can buy, sell and invest according to the changes of the K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall. It can be seen from the above figure that the recent upward trend of the antimony ingot Market around the Spring Festival entered a stable period after the middle of March, entered a downward channel in the middle of April, slowed down at the end of April, stabilized in May and slightly warmed up in June.

Price of strategic small metal antimony in Europe this week (unit: USD / ton)

varieties., June 10, June 17, Up and down

European small metal antimony, 13350.,13350., 0

The price of antimony, a strategic small metal in Europe, was flat this week. By June 10, the price was $13350 / ton, and the overall trading was average.

This week, the overall market price of antimony ingots was stable and upward, the market atmosphere was good, and the market was bullish. As the price of antimony oxide in the downstream picks up, the price of antimony ingots rises, the demand for goods preparation in the downstream is acceptable, the purchase inquiry is active, and the inventory of antimony oxide declines. With the support of downstream demand, the overall mood of the antimony ingot Market has warmed up, and the manufacturers have a strong attitude of supporting prices. In terms of supply, antimony ore is still in tight supply, and the supply of antimony ingots is also slightly tight. In general, under the current environment of tight supply and good demand, it is expected that the price of antimony ingots will gradually pick up in the future, with a certain upward space.

Price trend of antimony oxide this week (unit: yuan / ton)

varieties., June 10, June 17, Up and down

99.5% antimony trioxide, 69500.,70000.,+ five hundred

99.8% antimony trioxide, 71500.,72000.,+ five hundred

This week, the domestic antimony oxide Market Price recovered slightly. Recently, the antimony oxide inventory has declined to a certain extent, with good sales. Enterprises have a certain demand for purchasing antimony ingots.

I Price trend

According to the monitoring data of the business club, the average price of PS ordinary materials at the beginning of this week was 11400 yuan / ton, and the average price of PS ordinary materials at the end of this week was 11500 yuan / ton, with a price increase of 0.88% and a year-on-year increase of 9.18%.

II quotations analysis

At present, Zhenjiang Qimei reported 10800 yuan / ton for pg33 and 11420 yuan / ton for ph88; Formosa chemical reported 10950 yuan / ton for 5250 and 11570 yuan / ton for 8250; Ningbo Taihua 535n reported 10420 yuan / ton, 8250 reported 11420 yuan / ton; Shanghai Secco 123p reported 10700 yuan / ton, Thailand Petrochemical 150 reported 11240 yuan / ton, 650 reported 11300 yuan / ton; Guangzhou Petrochemical reported 10680 yuan / ton for 525 and 10700 yuan / ton for 660.

Crude oil showed strong performance. However, styrene fell in a wide range at night, the downstream batch purchase intention was general, and the pressure on merchants to ship remained unabated. The mainstream price of GPPS (polyphenylene sulfide) in East China market was 11300-12300 yuan / ton, and the mainstream price of hips (polystyrene) was 11550-13000 yuan / ton. The market lacked the support of good news.

III Aftermarket forecast

At present, it is difficult for the downstream demand to recover significantly, but the government has successively issued relevant economic policies to stimulate consumption. It is expected that the short-term domestic PS (polystyrene) market may fall slightly.

Xinhua news agency, Jerusalem, June 15 (reporter Shanghao and wangzhuolun) – the Israeli Prime Minister’s office issued a statement on the 15th, saying that Israeli Prime Minister Bennett met with visiting European Commission President von delaine in Jerusalem on the evening of the 14th and agreed that Israel would export natural gas to the European Union through Egypt.

The statement said that Bennett and von der lain had discussions on strengthening bilateral relations between Israel and the EU. Bennett said that in recent years, Israel has changed from a natural gas importer to an exporter, and Israel is trying to produce more natural gas.

According to Israeli media reports, von der lain said during his visit that the cooperation between the EU and Israel in the field of natural gas will help reduce the EU’s dependence on Russian natural gas.

It is reported that the European Union, Israel and Egypt are promoting the conclusion of a natural gas export agreement, but the agreement does not cover the quantity and schedule of Israeli natural gas exports to the European Union.

Israel has explored and discovered a large amount of natural gas resources in the eastern Mediterranean since the beginning of this century. In recent years, Israel has sought cooperation with Greece, Cyprus and other countries, and plans to lay a natural gas pipeline to connect the natural gas fields in the eastern Mediterranean and the European market.

1、 Price trend

According to the bulk data list of business agency, the average price of domestic phosphoric acid on June 10 was 11360 yuan / ton, down 0.26% from the beginning of the month and up 79.37% compared with the same period last year.

2、 Market analysis

Since the beginning of June, the price of raw yellow phosphorus has stopped rising and turned to falling, and the supporting force of cost has declined. Moreover, after the price increase in the early stage, the phosphoric acid enterprises generally ship goods, so the price has been slightly reduced by about 150-200 yuan / ton. Some enterprises are on the sidelines, and the overall focus of the market has moved down. In terms of wet process phosphoric acid, the market supply is tight due to some device problems, and the market trading is OK, but with the price of hot process phosphoric acid weakening. The price of wet process acid decreased slightly. By the end of the week, the price of raw materials was about 38000 yuan / ton, and the market price of thermal phosphoric acid was about 11360 yuan / ton. The quotation in Sichuan is about 10500-11500 yuan / ton, that in Hubei is 10800-11500 yuan / ton, that in Shandong is 10500-12000 yuan / ton, and that in Jiangsu is 11500-12000 yuan / ton.

Phosphate rock: after the Dragon Boat Festival, the domestic market for medium and high-end phosphate rock continued to rise. The spot supply of phosphate rock in the site was tight, and shortage was widespread. Large mining enterprises were reluctant to sell, mainly for their own use, and there was almost no supply source for external supply. Most of the mining enterprises that could supply phosphate rock to foreign countries were mainly taking orders in advance, and the orders were mostly arranged until the middle and late of next month. On June 9, the reference price of phosphate rock was 976.67, an increase of 7.33% compared with June 1 (910.00).

In June, the domestic yellow phosphorus market generally moved downward slightly. At present, yellow phosphorus enterprises mainly execute early-stage orders. According to the monitoring data of business agency, on June 9, the reference price of yellow phosphorus was 38666.67 yuan / ton, down 1.28% from June 1 (39166.67 yuan / ton).

3、 Aftermarket forecast

According to the phosphoric acid analysts of the business agency, the raw materials have been lowered recently, the space for price adjustment in the phosphoric acid market has increased, and the price has declined steadily. It is expected that the phosphoric acid market will remain stable in the short term, and there are still downside risks.

Price trend of metallic magnesium

Market analysis this week

According to the monitoring data of the business agency, as of the 10th, the average price in the domestic market was 27000 yuan / ton, down 7.95% on a weekly basis. In the early stage of this week, the price of magnesium ingots continued to fall, the demand side continued to be depressed, and the news was not good. The price of magnesium ingots fell to about 26000 yuan / ton. According to insiders, the current market price has been close to the production cost line, and the willingness of magnesium factories to make price concessions has weakened. As the market price at the end of this week rebounded slightly compared with the early stage.

Supply and demand

In terms of supply, the overall supply is relatively abundant. It is understood that the domestic magnesium ingot output in May was about 85800 tons, with a month on month increase of 1.95% and a year-on-year increase of 29.12%. From January to may, the domestic magnesium ingot output was 422400 tons, with a cumulative year-on-year increase of 26.36%. In terms of demand, downstream customers are still cautious about the future market of magnesium ingots. With the correction of market prices, downstream customers’ acceptance has improved, and they have started to enter the market to purchase one after another. Recently, the purchase has increased.

Upstream and downstream

On the cost side, the ferrosilicon market rose first and then fell following the disk this week, and the spot price was raised. The mainstream price in Ningxia was around 9000-9300 yuan / ton, and the average market price was 9125 yuan / ton. There was still room for ferrosilicon profits, and the manufacturers’ production enthusiasm was good, which was basically in a greedy state. The coke market increased slightly, the first round of increase was implemented, and the current round of increase was 100 yuan / ton. At the downstream end, the consumption followed up with the sharp decline of magnesium price. This week, the willingness to purchase magnesium powder and magnesium alloy increased, and the market began to purchase one after another, and the transaction performance improved.

Aftermarket forecast

With the rising prices of coke and ferrosilicon, the current magnesium price has approached the factory cost line, and some factories have inverted the cost. The cost side has given a certain support to the magnesium price, but the demand side is depressed, the inventory is slowly overstocked, and the recovery of magnesium price still needs efforts. At present, the analysts of the business community believe that the factory has a strong willingness to stabilize the price. With the improvement of the epidemic situation and the gradual recovery of downstream demand, it is expected that the bottom will be built and stabilized in the short term.

In the first ten days of June, the market price of polybutadiene rubber rose. According to the monitoring of business agency, as of June 10, the domestic CIS polybutadiene rubber price was 14940 yuan / ton, up 3.03% from 14500 yuan / ton at the beginning of the month. Affected by raw materials and demand, the price of cis-1,4-polybutadiene rubber was already at a high level. In addition, the cis-1,4-polybutadiene rubber plant of Maoming Petrochemical encountered an unexpected shutdown on the 9th. It is expected that the supply side will tighten again, and the market will be bullish.

In the first ten days of June, the ex factory price of cis-1,4-polybutadiene rubber of domestic enterprises was raised. According to the monitoring of business agency, as of June 10, the ex warehouse price of Yangzi Shunding of Sinopec East China sales company was 15000 yuan / ton; In addition, the international crude oil is running at a high level, the price of raw butadiene is rising significantly, and Shunding units such as ChuanHua, Zhenhua and Maoming are shut down; Polybutadiene rubber market rose.

In the first ten days of June, butadiene prices continued to rise sharply, and the cost side continued to support. According to the monitoring of business agency, as of June 10, the price of butadiene was 12096 yuan / ton, up 6.66% from 11341 yuan / ton at the beginning of the month.

The natural rubber market fluctuated and consolidated. According to the monitoring of business news agency, as of June 10, the price of natural rubber was 13090 yuan / ton, up 0.77% from 12990 yuan / ton at the beginning of the month.

More than 60% of the downstream tires were started, which supported the rubber demand to a certain extent. The international crude oil price was running at a high level, and the market offer was firm.

Future forecast: according to the analysts of business club, the rebound of raw material cost and downstream demand support, and it is expected that the price of butadiene rubber will continue to run at a high level in the short term.

According to the data monitored by the business club, the PP market fluctuated this week, and the spot price of wire drawing brand rose on the whole. As of June 10, the mainstream offer price of T30S (wire drawing) from domestic manufacturers and traders was about 8858.33 yuan / ton, up or down +0.38% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: upstream, the domestic propylene (Shandong) market price continued to decline this week, falling below 8000 yuan. Due to the increase of propylene supply due to the commissioning of new units and the resumption of production of maintenance units, the market competition intensifies. Under the pressure of sales, the enterprises give up profits and sell goods, and some process routes are even in a state of loss. Downstream market demand is mainly just demand, fast in and fast out, and the overall market is in a situation of supply exceeding demand. The cost of raw materials is high. At present, the supply of propylene market is loose and the demand side follows up slowly. It is expected that the propylene market will be weak and downward in the near future.

Propylene price gradually weakened, crude oil continued to run stronger, and the support on PP cost side was slightly weakened this week. In terms of industrial load, the operating rate of PP polymerization enterprises fell due to the maintenance of some devices, and the supply decreased. On the demand side, the downstream factories follow up the purchase slowly, have strong resistance to the high price supply, and the market trading is light. Traders’ shipments followed the market, rising first and then falling. The operating rate of terminal enterprises was adjusted in a narrow range. The main support in the market came from the long-term support of the upstream of the near and far ends. It is expected that the spot market of PP wire drawing materials will maintain strong cost support and tend to be stronger.

In terms of fiber materials, according to the data monitored by the business society, as of June 10, the spot price of domestic fiber PP has generally risen. The mainstream offer price of Z30S (fiber) from domestic producers and traders was about 8900 yuan / ton, with an increase or decrease of +0.19% compared with the average price at the beginning of the month, and an increase of +3.89% over the same period last year. This week, the start-up of the main downstream non-woven fabric enterprises of PP fiber material was reduced by a narrow margin, and the products of the end enterprises entered the off-season mode, taking goods to maintain production. In terms of medical fiber products, cooling is required, and the rigid support is weakened. The supply side is abundant, and the midstream inventory is under pressure. It is expected that the fiber material may fall in the short term.

In terms of melt blown materials, the melt blown PP market fell this week. As of June 10, the average quotation of domestic melt blown material sample enterprises monitored by the business club was about 9750 yuan / ton, up or down -0.17% compared with the average price at the beginning of the month. In terms of international health events, the current situation in various countries is still not optimistic. Recently, the number of confirmed cases in China has gradually decreased, and the epidemic prevention pressure has eased. At the same time, medical meltblown cloth materials have entered the off-season of consumption, and the demand has decreased. The supply of melt blown materials in the market is sufficient, and the saturation of domestic melt blown materials and cloth enterprises is high. Together with the shipping resistance, it puts pressure on the spot price. It is expected that the recent market of melt blown PP may remain weak.

Aftermarket forecast

According to PP analysts of business agency, the domestic polypropylene market fluctuated this week, the raw material propylene market fell, the international crude oil was at a high level, and the cost support was acceptable. The demand of terminal enterprises develops slowly, the mentality of merchants is general, and the offer follows the market. It is expected that the recent PP market may be firmly supported by the cost side.

According to the bulk commodity list data of the business agency, the formaldehyde Market in Shandong rose this week. At the beginning of the week, the average price of formaldehyde in Shandong was 1270.00 yuan / ton, and at the end of the week, the average price of formaldehyde in Shandong was 1283.33 yuan / ton, up 1.05%. The current price fell 6.78% month on month, and the current price fell 0.32% year on year.

formaldehyde

The market price of formaldehyde in Shandong rose this week. It can be seen from the above figure that formaldehyde has mainly fallen in the past more than a month, and the market began to explore this week. As of June 9, the mainstream market price in Shandong is 1230-1320 yuan / ton. Recently, the methanol market has risen, formaldehyde has tentatively followed the rise, the downstream demand is low, just need to purchase is maintained, the market transaction is light, and the market has been explored slightly.

Summary of formaldehyde market prices in various regions as of June 9:

Region, Price

East China, 1350 yuan / ton

Central China, 1370 yuan / ton

South China, 1400 yuan / ton

Northwest China, 1320 yuan / ton

Upstream methanol: the domestic methanol market rose this week. In terms of spot goods, the international oil price continued to rise, the coal price was firm, and the cost support was good. In the short term, the domestic methanol market is mainly rising.

This week, the methanol market rose and the cost support was good, but the operation of the downstream plate plant did not improve. The demand for formaldehyde in the field was limited. The formaldehyde manufacturers tentatively followed the rise. The market transaction was general, and the formaldehyde market rose slightly.

Recently, the domestic methanol market has gone up, and the demand of downstream wood panel factories is difficult to improve. Therefore, the formaldehyde analyst of the chemical branch of the business agency predicts that the recent formaldehyde price rise in Shandong is mainly shock.