At the beginning of June, the domestic dimethyl ether Market weakened as a whole, the price showed a trend of falling first and then stabilizing, and the market focus in Henan moved down. According to the monitoring data of business agency, the average price of dimethyl ether in Henan market was 4100.00 yuan / ton on June 1 and 4050.00 yuan / ton on June 7, with a decrease of 1.22% and 3.91% compared with May 1.

As of June 7, the domestic market prices of dimethyl ether in various regions are as follows:

Region, Mainstream quotation

Jiangxi region, 4170 yuan / ton

Hebei region, 4070 yuan / ton

Henan region, 4010-4050 yuan / ton

At the beginning of June, the overall trend of domestic dimethyl ether Market was weak, and the price of dimethyl ether in Henan market showed a trend of falling first and then stabilizing. At the beginning of the month, it was the Dragon Boat Festival holiday. Before the festival, due to weak terminal demand, the manufacturers’ shipment was general. They mostly lowered the ex factory price to make profit. After the festival, the market price stopped falling and stabilized, the price was firm, the market price of raw methanol rose, and the civil gas market of related products also rose after the festival, which brought some support to the market, and the price of dimethyl ether stabilized.

On June 7, the ex factory quotation of enterprises in the Middle East of Shandong Province in the methanol market was around 2800 yuan / ton; There is no reference price for surrounding trade negotiations such as Dongying and Zibo. The prices of some enterprises in the southeast of the mountain are around 2710-2750 yuan / ton, and the local delivery prices in Linyi are around 2790-2800 yuan / ton, including tax. Some enterprises of olefin procurement are short of cash, and the high-end performance is average. The methanol market in Henan Province was sorted out in a narrow range, and the shipment price of some enterprises was 2630 yuan / ton; The transaction price of bidding sales of some enterprises is 2605-2610 yuan / ton of spot exchange, and all transactions are completed; Some traders in Luoyang offer about 2600-2630 yuan / ton.

At present, the market price of raw material methanol is rising steadily, and the civil price of related products liquefied gas is relatively strong, which brings certain benefits to the market. However, due to insufficient terminal demand, the downstream just needs to be supplemented, and the market trading atmosphere is weak. It is expected that the price of dimethyl ether Market is easy to fall but difficult to rise in the short term.

On May 29, the crude benzene commodity index was 110.64, unchanged from yesterday, down 16.08% from the highest point of 131.84 in the cycle (January 28, 2013), and up 262.28% from the lowest point of 30.54 on April 8, 2020. (Note: the period refers to the period from September 1, 2011 to now).

In May, 2022, the crude benzene market fluctuated upward. The domestic ex factory price of crude benzene was 6673 yuan / ton at the beginning of the month and 7065 yuan / ton at the end of the month, with a monthly increase of 5.87%.

Summary of Sinopec pure benzene price adjustment (unit: yuan / ton)

Date, Adjusted price, Adjustment amount

May 5, 8850.,+100

May 7, 8950.,+100

May 13, 9100.,+150

May 17, 9200.,+100

May 19, 9300.,+100

Sinopec raised the ex factory price of pure benzene. On May 19, 2022, the listing price of Sinopec pure benzene was raised by 100 yuan / ton, and 9300 yuan / ton was implemented. In May, 2022, Sinopec’s pure benzene was increased 5 times, with a cumulative increase of 450 yuan / ton.

Other enterprises: HSBC Petrochemical offers 9350 yuan / ton, Weilian chemical offers 9003 yuan / ton, Xinhai Petrochemical offers 9000 yuan / ton, and Hongrun Petrochemical offers 9050 yuan / ton.

In terms of crude oil, the overall oil price rose by a wide margin this month, with a monthly increase of more than 9.7%. On May 27, the price of international crude oil futures rose again. The settlement price of the main contract of WTI crude oil futures in the United States was US $115.07/barrel, up US $0.86 or 0.9%; The settlement price of the main contract of Brent crude oil futures was US $115.56/barrel, up US $1.39 or 1.22%. With the arrival of the peak driving season in the US in summer, the demand expectation has boosted the oil price. In addition, the EU has launched negotiations on whether to completely ban the import of Russian oil.

The crude benzene market rose as a whole this month, with a slight correction at the end of the month, with an overall increase of 5.87%. At the beginning of the month, affected by the small and long holiday, the regional price difference in the domestic market was obvious, and the prices in the main production areas of Shanxi, Hebei, Shandong and other places increased significantly. The bidding price in the first week after the festival in Shandong was 7260-7265 yuan / ton, an increase of 330 yuan / ton compared with that before the festival. Because some enterprises auctioned the supply of goods after the festival before the festival, the pre Festival price was still implemented in the first week after the festival. In the second week, some enterprises that did not adjust their prices after the festival rose one after another. On the demand side, the downstream benzene hydrogenation enterprises started well this month with the support of high prices, and the demand for crude benzene was well supported. At the end of the month, although the prices of crude oil, pure benzene, styrene and other industrial chain commodities were still strong, the downstream of pure benzene was pressured by the cost pressure, so it had strong resistance to high priced pure benzene, and the market ushered in a small correction. Affected by this, the last bidding market at the end of the month was slightly corrected as a whole, in which Shandong implemented 7260-72665 yuan / ton and slightly reduced by 30 yuan / ton.

In terms of start-up: the overall start-up of coking enterprises in the early stage of this month was relatively high. With the implementation of four rounds of coke lifting and lowering, some enterprises with damaged profits have taken the initiative to limit production, with the proportion of limit production being 10%-30%, and the supply of crude benzene may be affected to some extent.

In the future, the business news agency believes that pure benzene and crude oil are still at a high level, crude oil prices continue to rise, and the price of pure benzene in Asia has a certain correction, but the overall price is still at a high level. The regional price difference of domestic pure benzene is obvious. East China has been actively de stocking. Supported by the high external price, the current market price of pure benzene in East China remains high. The fundamental support is obvious, but after the crude benzene price has gone all the way, the downstream resistance is strong, the downstream profits are tightened, and the purchasing enthusiasm is slowed down. It is expected that in the future, the crude benzene market will remain high and volatile in the short term, with some room for decline. In the future, we will focus on the impact of fundamental news such as pure benzene and crude oil on the market mentality and downstream demand.

Price trend

According to the data of the bulk list of business clubs, the domestic vitamin market fell in May due to the weak demand of downstream animal husbandry. The domestic vitamin C price fell slightly in May, with an average price of 40.33 yuan / kg at the beginning of the month and 40 yuan / kg at the end of the month, a monthly decrease of 0.82%.

According to the price monitoring of the business club, the vitamin C market as a whole was stable and small in May, with little change in rise and fall. Some factories continued to stop reporting, increasing market attention, but the downstream support was weak, and the focus of market negotiation was downward. By the end of the month, the mainstream price of feed grade vitamin C was 35-37 yuan / kg, and the mainstream price of food grade vitamin C was 36-40 yuan / kg.

In May, the price of vitamin a continued to fall, with an average price of 224 yuan / kg at the beginning of the month and 192 yuan / kg at the end of the month, a decrease of 14.06%. The mainstream market quotation is 180-190 yuan / kg, while the European market quotation drops to 54-60 euros / kg. According to the market news, on May 18, the market said that the XinHeCheng VA plant planned to stop production and overhaul for 10 weeks in mid June. The market attention increased, but the demand increment was limited.

In May, the price of vitamin E went down step by step, with an average price of 91 yuan / kg at the beginning of the month and 89 yuan / kg at the end of the month, a decrease of 2.02%. The current ve market price is 85-88 yuan / kg, and the European market price is 9.9-10.2 euros / kg. In April, the export volume of vitamins decreased, and the overall export volume was relatively stable. On May 24, the market said that XinHeCheng Shandong ve plant planned to stop production for maintenance for 8-9 weeks in mid June, and the news supported the strong price of vitamin E.

Aftermarket forecast

According to vitamin analysts of the chemical branch of the business community, the overall vitamin market is weak. With the arrival of the maintenance peak season in June, the supply may be tightened. The supply side will boost the vitamin market, and pay close attention to the manufacturers’ start-up and shutdown and market news.

According to the data monitored by the business club, as of May 31, the average price of domestic general transparent premium PMMA was 16925.00 yuan / ton. In May, PMMA maintained a stable operation, with a price increase of 1.8% compared with the beginning of the month. In May, the PMMA market rose in a narrow range, and the market operated stronger.

In the first ten days of May, the average price of domestic general transparent grade premium PMMA was 16625.00 yuan / ton, the price remained stable, the overall market changed little, the quotation range of mainstream manufacturers remained about 16500 yuan / ton, the PMMA market price remained stable, the negotiation focus was stable, the overall market supply and demand were balanced, and the negotiation atmosphere was general.

In the middle of May, the average price of domestic general transparent grade premium PMMA was 16600.00 yuan / ton, and the quotation range of mainstream manufacturers remained about 16500 yuan / ton. Compared with the same period last week, there was no significant change in the price. The downstream was not willing to purchase, the overall supply and demand were balanced, the downstream just needed to purchase, the focus of negotiation was stable, and the supply side was normal.

In late May, the average price of domestic general transparent grade premium PMMA was 16750.00 yuan / ton, and the quotation range of mainstream manufacturers remained about 16500 yuan / ton. Compared with the same period last week, there was no significant change in the price. The price of PMMA was mainly stable, the overall supply and demand was balanced, the purchase was just needed, the focus of negotiation was stable, the supply side was normal, upstream phenol, the price of domestic factories was increased by 100 to 10500-10700 yuan / ton, and East China Sinopec implemented 10500 yuan / ton, The North China and Shandong plants are more than 10700 yuan / ton, and the current production profit of phenol ketone enterprises is expected to turn negative into positive. At the beginning of the week, the inventory of Jiangyin port was 40000 tons, and the market demand was poor.

Rubber and plastic index: on May 30, the rubber and plastic index was 790 points, up 1 point from yesterday, down 25.47% from the highest point of 1060 points in the cycle (March 14, 2012), and up 49.62% from the lowest point of 528 points on April 6, 2020. (Note: the period refers to 2011-12-01 to now)

PMMA analysts of business agency believe that: it is expected that PMMA will operate smoothly in the short term and the overall market supply and demand will be balanced. (if you want to get more commodity information and master commodity prices, you are welcome to subscribe to the commodities of the business club through the official account of the business club. The market is an opportunity).

In May, the domestic asphalt market was affected by the international crude oil price, tight supply and sharp demand, and the price continued to rise. According to the monitoring data of the business agency, the spot price of domestic asphalt at the beginning of the month was 4077 yuan / ton, and the market price of domestic asphalt at the end of the month was 4706 yuan / ton. The price increased by 15.42% in the month and 43.77% year-on-year.

At the beginning of the month, the domestic asphalt spot market rose significantly after the festival, and the price rose rapidly in a short time. The main reason is that the international crude oil price fluctuates at a high level, which is good for the whole oil industry chain. On the other hand, at present, the supply of some refineries is low, and the market supply is relatively scarce. The asphalt futures market continued to rise, which also boosted the bullish sentiment of the whole asphalt market.

In the middle of May, the domestic asphalt market price stabilized after rising. In terms of regions, the price increase in South China is the most obvious, mainly driven by the shortage of resources in the region and the rise of main prices; The second is East China, mainly due to Sinopec’s price increase of 100-140 yuan / ton during the week; Then in the northwest, northeast and southwest, the prices of some brands rose, and the transaction range rose slightly; The price increase in Shandong and North China was relatively small, which was mainly affected by the wide range of crude oil shocks. Some low-cost sources of goods still existed, and the overall increase was limited.

In late June, the domestic asphalt market price rose slightly. In terms of regions, the planned overhaul price of major refineries in Northwest China has increased by 300 yuan / ton, and the market price has risen significantly; The resource supply in Northeast China is tight, and the price rises with the start of demand; In South China, Sinopec raised the price by 100 yuan / ton, but some PetroChina refineries have preferential policies; Spot resources in Shandong and North China are relatively tight, and market prices have increased slightly.

Annual comparison chart of asphalt price of business club from 2018 to 2022:

Monthly K column chart of asphalt domestic production price of Business Club:

Weekly K column chart of asphalt domestic production price of Business Club:

Comparison chart of crude oil and asphalt price trend of Business Club:

According to the price monitoring of the trading society, according to the price monitoring of the trading society, in April 2022, there were 10 kinds of commodities in the energy sector that rose month on month, including 4 kinds of commodities that rose by more than 5%, accounting for 25% of the monitored commodities in the sector; The commodities with the top three increases were coke (11.98%), coking coal (10.15%) and WTI crude oil (5.07%). There are 5 commodities with a month on month decrease, and 1 commodity with a decrease of more than 5%, accounting for 6.3% of the monitored commodities in this sector; The products with the top three declines were methanol (-10.59%), naphtha (-3.67%) and MTBE (-2.37%). This month, the average increase or decrease was 1.38%.

Price rise and fall list of asphalt industrial chain products of Business Club:

List of price rise and fall of asphalt products of Business Club:

The weather in the north is OK, and the demand is stable, which has a certain support for the shipment, but the rainfall in the South has increased, or has a certain restriction on the demand. The asphalt analysts of the business agency predict that the domestic asphalt market may be dominated by high-level consolidation.

According to statistics, the domestic market price of ammonium nitrate was temporarily stable in May. By the end of the month, the market price of ammonium nitrate was 4600 yuan / ton, which was the same as the price of 4600 yuan / ton at the beginning of the month, with a year-on-year increase of 41.10%.

In May, the domestic ammonium nitrate market price trend was temporarily stable, the domestic ammonium nitrate manufacturers’ devices operated stably, the recent on-site supply of goods was normal, the on-site delivery was general, the manufacturers’ inventory was low, the upstream coal price of the terminal was stable, the price of liquid ammonia was rising, the downstream demand was general, and the price of ammonium nitrate remained high due to the rise of raw materials. Recently, the shipment market of ammonium nitrate manufacturers is normal, and the downstream nitro compound fertilizer is purchased on demand. Recently, the trend of the downstream nitro compound fertilizer is stable, and the domestic downstream civil explosive industry still stops production. In addition, the sales of the civil explosive industry has come to an end, the domestic ammonium nitrate manufacturers start work normally, and the market price trend of ammonium nitrate is temporarily stable. Up to now, the mainstream negotiation in Shaanxi is 4800-5000 yuan / ton, the mainstream negotiation in Shandong is 4500-4600 yuan / ton, and the price in Hebei is 5200-5300 yuan / ton.

In May, the price of domestic concentrated nitric acid rose. By the end of the month, the average price of domestic nitric acid was 2693.33 yuan / ton, up 9.52% from the price of 2450 yuan / ton at the beginning of the month. Shaanxi Xinghua offers 2400 yuan / ton; Anhui Jinhe offers 2900 yuan / ton. Recently, the domestic nitric acid plant has been operating stably, the concentrated nitric acid market supply is normal, and the on-site delivery situation is rising. In May, the nitric acid market price trend is rising, and the raw material nitric acid price trend is rising, which has a certain positive impact on the ammonium nitrate Market, and the market price of ammonium nitrate remains high.

In the upstream, the domestic liquid ammonia market price rose in May. As of the end of the month, the liquid ammonia price was 5306.67 yuan / ton, up 4.74% from 5066.67 yuan / ton at the beginning of the month. The mainstream transaction price of liquid ammonia in Shandong is 5100-5300 yuan / ton. It is mainly affected by the reduction of supply in the area and the shutdown of some units; As well as the high urea level in the downstream, the raw materials of compound fertilizer rose, and the demand maintained a moderate growth; In addition, there are still some enterprises switching to urea, which makes the supply of ammonia more tight. Superimposed on the downstream agricultural demand, the downstream stock also pushed up the ammonia price. The price rise of upstream liquid ammonia has formed a certain positive support for the ammonium nitrate Market, and the market price of ammonium nitrate remains high.

In recent years, the downstream procurement is general. The market demand for ammonium nitrate has decreased, but the raw material market price has remained high, which has brought some positive support to the ammonium nitrate Market. However, the sales of the civil explosive industry has become weak. The ammonium nitrate analysts of the business society believe that the market price of ammonium nitrate may rise slightly in the later period.

1、 Price trend

According to the monitoring data of the business agency, the price of caustic soda first rose and then fell in May, with an overall decline. At the beginning of the month, the average market price in Shandong was 1274 yuan / ton, and at the end of the month, the average market price in Shandong was about 1246 yuan / ton, with a price drop of 2.24%, and a price increase of 149.2% over the same period last year. On May 30, the commodity index of caustic soda was 179.86, unchanged from yesterday, down 32.25% from the highest point of 265.47 in the cycle (2021-10-27), and up 176.24% from the lowest point of 65.11 on October 9, 2020. (Note: the period refers to the period from September 1, 2011 to now)

2、 Market analysis

In the first ten days of May, the price of caustic soda rose slightly, which was mainly because some caustic soda enterprises had little pressure to reduce the load and inventory recently, and the downstream had a good enthusiasm for recent trading and investment. The price decline in the middle and late May is mainly due to the small change in the overall supply of caustic soda. The downstream alumina is mainly stable, and the price of caustic soda has been lowered for many times. It is mainly purchased on demand, and the overall demand is limited.

According to the price monitoring of the business community, in the 21st week of 2022 (5.23-5.27), there was one rising commodity, two falling commodities, and two rising and falling commodities in the list of chlor alkali industry prices. The main commodities rising are: light soda ash (2.15%); The main commodities falling were PVC (-2.28%) and caustic soda (-1.73%). The average rise and fall this week was -0.37%.

Analysts from the business community believe that recently, the price of caustic soda has declined, the inventory of downstream alumina raw materials is high, and most of them are purchased on demand. The overall demand is limited. It is comprehensively estimated that the subsequent weak consolidation market operation of caustic soda is mainly based on the downstream market demand.

From May 1 to May 29, 2022, the domestic coal tar production price has an inverted “V” trend. At the beginning of the month, the price is 5217.50 yuan / ton, and at the end of the month, the price is 5087.50 yuan / ton, a monthly drop of 2.49%.

On May 29, the coal tar (high temperature) commodity index was 175.43, unchanged from yesterday, down 7.50% from the highest point of 189.66 in the cycle (2022-05-18), and up 272.07% from the lowest point of 47.15 on December 6, 2015. (Note: the period refers to the period from September 1, 2011 to now).

Changes in the bidding price of coal, coke and oil in Shanxi in May 2022 (unit: yuan / ton)

Region, Price on May 5, Price on May 16, Price on May 30, Monthly rise and fall

Linfen, 5110., 5500, 5070.,-40

Luliang, 5200., 5350, 5050.,-150

Taiyuan, 5210., 5350, 5050.,-160

In the middle and early days of May 2022, Shanxi was boosted by the demand of downstream deep processing enterprises. The bidding price went up all the way, and the price of tar in Shanxi increased significantly. At the end of the month, with the lack of downstream demand in Shanxi, there was resistance to high prices, so the bidding price fell sharply at the end of the month.

The overall “V” trend of coal tar Market in May was upward in the first half of the month and downward in the second half of the month. In late April, the price of high-temperature coal tar began to enter the upward channel, boosted by the downstream. Before the May Day holiday, there was a certain demand for holiday goods in the downstream. Therefore, the auction price of tar rose higher. Some enterprises auctioned the supply of goods after the holiday before the holiday. Therefore, the overall price was higher, which once again boosted the market mentality. Some enterprises returned from the holiday to open auctions this week. Among them, the auction prices in Shanxi, Shaanxi, Hebei and other places rose significantly, However, most of the pre holiday contracts in Shandong are 5350 yuan / ton. In the first week after the festival, the regional differences in tar prices were large, but the overall trend remained upward. In the second week after the festival, the remaining coke enterprises began to auction, mainly for supplementary increase. However, the prices of some enterprises in Shanxi reached a high of 5600 yuan / ton after the festival. Therefore, most of the auctions in that week were sold out. At the same time, the downstream has some resistance to high price tar. In the second half of the month, the downstream demand declined significantly, which was more resistant to high prices. Therefore, the bidding price in Shanxi has been substantially reduced. However, the bidding prices of Shandong, Hebei and other places in other regions increased slightly by 10 yuan / ton, and the overall performance was relatively stable, with the quotation stable at 5500-5510 yuan / ton; The trend of Heilongjiang is similar to that of Shanxi. It is also affected by the decline of the downstream deep processing industry. It has strong resistance to high priced raw materials, and the bidding price has been significantly reduced. Heilongjiang implemented 5000-5050 yuan / ton this week. In the last week of this month, the overall price of tar fell. Affected by the decline of deep processing and carbon black industry, the resistance to high priced raw materials was strong, the auction price fell sharply, and the overall negative sentiment in the market was strong.

In terms of start-up: the overall start-up of coking enterprises in the early stage of this month was relatively high. With the implementation of four rounds of coke lifting and lowering, some enterprises with damaged profits have taken the initiative to limit production, and the proportion of limit production is 10%-30%. The tar supply may be affected after the limit production.

In the future market, the business community believes that the overall performance of the deep processing industry is poor, and the mentality of suppressing raw materials is still strong. There is a certain demand for replenishment in the downstream near the small and long holidays, but the overall impact on the market is limited. Generally speaking, the tar market is in a pattern of weak supply and demand in the short term. It is expected that the trend will be weak and volatile in the short term under the environment of limited downstream support.

1、 Trend analysis

According to the nickel price monitoring of the business club, the nickel price first fell and then rose this week. As of May 27, the spot nickel price was 220900 yuan / ton, up 0.74% from 219266.67 yuan / ton at the beginning of the week, up 73.73% year-on-year.

Nickel weekly fluctuation chart

According to the weekly rise and fall chart of the business club, in the past 12 weeks, the nickel price has risen by 7 and fell by 5, and the recent trend of nickel price has mainly fluctuated in a wide range.

Nickel industry chain

LME nickel inventory

At the beginning of this week, a large number of nickel and iron in Indonesia were released and import increment eased supply concerns, and nickel fundamentals weakened. With the opening of the import window, pure nickel, including most deliverable nickel plates, arrived in the week, easing the supply concerns caused by low inventory in the early stage. In addition, downstream consumption is still affected by the epidemic, and the nickel price began to weaken.

After that, benefiting from the continuous low inventory and an Indonesian Minister said that Indonesia is considering levying export tax on low nickel products to encourage downstream investment. In addition, the domestic market was stimulated by policies, and the demand for ternary precursors returned. The downstream enterprises may increase the purchase volume in June, and the nickel price rebounded sharply after a continuous decline. However, the downstream demand is still weak, and the market trading activity is still poor. In terms of downstream stainless steel, the demand is expected to pick up, but it is still affected by the epidemic, and the consumption is slightly insufficient. On the whole, the supply is loose, the demand needs to be recovered, and the nickel price still fluctuates widely.

1、 Price trend

According to the bulk list data of business society, the average market price of domestic liquid caprolactam was 14233 yuan / ton on May 16 and 14333 yuan / ton on May 20. The price of caprolactam rose by 0.70% this week.

2、 Market analysis

As the price of raw materials continued to rise, the cost side of caprolactam continued to exert pressure, and the price of caprolactam rose. Supported by favorable cost, caprolactam is the main player in the market. Downstream demand is mainly just demand, and the demand side needs to be released. As of May 20, the price of Sinopec caprolactam liquid was 15200 yuan / ton, which was accepted and withdrawn within 6 months. The price of Baling Hengyi caprolactam liquid is 15200 yuan / ton, and the manufacturer’s production capacity is 450000 tons / year. It will be accepted and withdrawn within 6 months. The price of Baling Petrochemical caprolactam liquid is 15200 yuan / ton, and the manufacturer’s production capacity is 300000 tons / year. It will be accepted and withdrawn within 6 months. The price of Shandong Hualu Hengsheng caprolactam bulk water is 15000 yuan / ton. It is accepted and sent to East China. The manufacturer’s unit capacity is 300000 tons / year.

Pure benzene, the raw material, rose sharply this week. Crude oil and external prices were high this week, with strong cost support. The prices of domestic main refineries are rising, the shipments in Shandong are general, and the prices are mainly rising. Due to the decrease of inbound cargo in East China, the port inventory fell to about 87000 tons. This week, Sinopec raised the price of pure benzene by 200 yuan / ton to 9300 yuan / ton. Sinopec’s price of pure benzene rose, boosting the market.

3、 Aftermarket forecast

The caprolactam analysts of the business club believe that the current raw material prices continue to strengthen, and the cost support is favorable. Some enterprises plan to repair devices, and the supply may be reduced. The demand side has limited follow-up and just needs to purchase. In the high and strong market of raw materials, the price rise of caprolactam is the main operation in the short term.