Trade name: propylene oxide

Latest price (May 11): 11700.00 yuan / ton

On May 11, the market price of propylene oxide in Shandong was temporarily stable, flat compared with the previous trading day, and decreased by 3.04% compared with the price on April 11. At present, the price of raw material propylene is weak, the price of liquid chlorine is rising, the pressure on the cost side remains, most of the devices in the field operate at a slightly low load, and the supply side is reduced, but the demand side is cold, the enthusiasm for inquiry and procurement is general, and the focus of market negotiation is temporarily stable.

It is expected that in the short term, the propylene oxide market may be stable.

The lead market (4.29-5.7) fluctuated upward this week. The average price of the domestic market was 15505 yuan / ton last weekend and 15685 yuan / ton this weekend, up 1.16% this week.

The K-bar chart of commodity price uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investment according to the changes of K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall.

According to the price monitoring of the trading society, there are six commodities in the list of commodity prices rising and falling in the 18th week of 2022 (5.2-5.6). The top three commodities are magnesium (2.29%), praseodymium neodymium oxide (1.77%) and praseodymium neodymium alloy (1.45%). A total of 9 kinds of commodities decreased month on month, and 1 kind of commodities decreased by more than 5%, accounting for 4.3% of the monitored commodities in this sector; The products with the top three declines were nickel (- 5.36%), silver (- 2.74%) and aluminum (- 2.48%). The average rise and fall this week was – 0.36%.

Lead futures market on May 6, 2022

varieties., Closing price, Compared with the same period last week, Inventory

Shanghai lead, 15755 yuan / ton+ 175., 82629 tons

London lead, $2230 / ton- 48. 38050 tons

In terms of the futures market, this week’s volatility rose, with the main shock range of US $2240-2333 / ton. There are many holidays this week. During the May Day holiday, Lun lead hit the bottom and rebounded. After the opening of Shanghai lead on Thursday, the center of gravity moved upward and made up for the rise. After the high pressure was put on, it decreased slightly, and the main operation range was 15585-15900 yuan / ton. In terms of inventory, at present, the lead inventory in Lun fell to 38050 tons, the lowest level in recent ten years. The lead inventory in Shanghai fell to 82629 tons this week, the lowest level in recent March.

In the domestic market, the price of lead followed the trend of futures this week, rising 1.16% this week. From a fundamental point of view, the current domestic supply is relatively normal, and the overall supply is rising slowly. At present, the demand side is basically in the off-season, with limited support for the demand for lead ingots, and the current performance of export orders is also relatively general. The overall situation is in a double weak pattern of supply and demand. It is expected that the lead price will still maintain a volatile trend. The off-season price mainly follows the trend of the futures market and is boosted by the decline of inventory. It is expected that the lead ingot price will maintain a volatile trend, focusing on the impact of the futures market.

According to the bulk data monitoring of business society, the mainstream price of styrene in Shandong rose this week. At the beginning of the week, the price of sample enterprises of business society was 9733.33 yuan / ton, and at the end of the week, the price of sample enterprises was 10050.00 yuan / ton, an increase of 3.25%. The price increased by 0.50% compared with the same period last year.

cement

The market price of styrene fluctuated and rose this week. As can be seen from the above figure, the price of styrene fluctuated recently. The price rose slightly this week, rising for five consecutive weeks. International crude oil prices rose continuously, pure benzene prices rose slightly, styrene cost support was good, some downstream operation conditions improved slightly, just needed procurement was maintained, styrene market transactions were OK, and prices continued to rise.

In terms of raw materials, the pure benzene market continued to rise this week. Due to the expected production reduction of main refineries and the continuous decline of port inventory, the industry expects that the domestic pure benzene supply is tight in May. In addition, the local refining enterprises of festival enterprises have good shipments, the market continues to rise after the festival, and the price continues to rise. Crude oil rose by a wide margin this week, the price of pure benzene in the external market was relatively high, the cost support was stronger, and the discussions on the pure benzene market were active during the week.

Downstream, the three downstream styrene rose or fell this week. The domestic PS market price is stable, and the current price is 10616.67 yuan / ton.

The price of EPS in China has increased, with 11100-11200 yuan / ton of ordinary materials and 12000-12100 yuan / ton of barrier fuel. The crude oil fluctuated at a high level and the cost support was good. It is expected that the domestic EPS price may be strong in the short term.

The domestic ABS market price is stable this week, and the current price is 14200.00 yuan / ton. Compared with before, the price is stable. Merchants follow the market, and the current sales are general.

The international crude oil market is expected to rise. Styrene is likely to follow the trend of crude oil. On the whole, if the raw material level rises next week, the styrene market will follow the rise.

According to the data monitored by the business agency, the average ex factory tax price of Shanxi light potassium carbonate was 9083.33 yuan / ton at the beginning of the week, and the average ex factory tax price of Shanxi light potassium carbonate was 9416.67 yuan / ton at the end of the week, up 3.67%, the current price Rose 3.86% month on month, and the current price rose 39.51% year-on-year.

Potassium carbonate

The price of potassium carbonate rose sharply this week. As can be seen from the above figure, the potassium carbonate market has fluctuated higher recently, and the market continues to rise this week, mainly because of the recent sharp rise in raw materials, the passive follow-up of potassium carbonate manufacturers, the market transaction is not positive, the traders are reluctant to sell their goods, and the potassium carbonate market continues to rise. According to the statistics of business agency, the mainstream factory quotation range of domestic industrial grade potassium carbonate this week is about 9300-9500 yuan / ton (the quotation is for reference only). The quotation is different according to different procurement conditions.

Recently, the international market price of potassium chloride has been strong and upward, while the domestic spot market is in short supply, the domestic inventory is relatively low, the supply is in short supply, and the price of potassium chloride has increased slightly. The high price of potassium chloride can give strong cost support to potassium carbonate.

The price of potash fertilizer is expected to remain high in the short term, and the price of potash fertilizer is expected to rise in the short term. (the above prices are provided by major manufacturers of potassium nitrate all over the country and sorted and analyzed by potassium carbonate analysts of business society. They are for reference only. Please contact relevant manufacturers for more price details).

According to the monitoring data of business agency, as of April 28, the average price of propylene oxide enterprises was 11400.00 yuan / ton, down 2.29% compared with Monday, 6.81% compared with March 28, and up 0.29% year-on-year in a three-month cycle.

Propylene oxide market fell this week. Recently, the price of propylene is mainly adjusted, the cost support is general, the supply side device is stable, the downstream just needs to be purchased, the manufacturer mainly reduces the inventory before the festival, and the price of propylene oxide is reduced. On the 28th, the mainstream quotation of propylene oxide Market in Shandong is around 10600-10700 yuan / ton.

For upstream propylene, on April 27, the reference price of propylene was 8414.60, an increase of 2.61% compared with April 1 (8200.80). Manufacturers mainly ship, and downstream just need to purchase.

The reference price of downstream propylene glycol was 11333.33 on April 28, a decrease of 19.81% compared with April 1 (14133.33).

The propylene oxide analyst of business society believes that at present, the cost support is limited, the demand performance is relatively general, and the manufacturer mainly ships. It is expected that the propylene oxide market may operate weakly and stably in the short term.

In April, the domestic butadiene market fell after rising. The continuous high price in March made the price still fluctuate at a high level at the beginning of April, which was sorted out for some time. The operating rate of downstream industries continued to decline, the market supply and demand gradually weakened, and the transactions of some suppliers were not smooth, and the market situation turned downward.

Annual comparison chart of butadiene price of business society from 2018 to 2022:

According to the sample data monitored by the business agency, the domestic butadiene market price was 10722 yuan / ton at the beginning of the month and 9816 yuan / ton at the end of the month (as of April 29), with a decrease of 8.45% and a year-on-year increase of 44.80%. In terms of the latest market price, the mainstream transaction price of butadiene in East China is 9700 yuan / ton; The mainstream transaction price of butadiene in central Shandong is 10150 yuan / ton.

Butadiene price trend chart of business society in April 2022:

At the beginning of the month, the domestic butadiene market finished at a high level and the rise slowed down. The operating rate of the industry continues to decline, the logistics and transportation are limited, and the performance of spot resources in the market is tight, which has a certain support for the market. At the same time, the high price of butadiene put pressure on downstream profits, the operating rate of downstream industries decreased, and the demand side of butadiene market gradually weakened, which also suppressed the market.

In the first ten days of the month, the domestic butadiene market fell backwards. With the restart of Nanjing Chengzhi and Inner Mongolia Jiutai units, the market available spot supply increased. In addition, the operating rate of some downstream industries continued to decline, the market supply and demand gradually weakened, the transaction of some suppliers was not smooth, and the market fell slightly.

According to the mid month inquiry, the domestic butadiene market fell deeply, the market supply increased significantly, while the operating rate of downstream industries decreased, the contradiction between supply and demand fundamentals appeared, dragging the market down.

In late June, the domestic butadiene market rebounded slightly and rose. There was no significant increase in the market supply during the week, and the amount of cash in circulation was slightly tight. In addition, there was pre holiday stock demand in some downstream, which was supported to a certain extent.

At the end of the month, the domestic butadiene market fluctuated slightly. Due to the failure to fulfill the expectation of early device maintenance, the market fell under the influence of mentality. However, the downstream rigid demand still has some inquiry follow-up. In addition, the high cost of goods in East China affects the merchants to be reluctant to sell at low prices. With the price increase of some export goods in Shandong, the market fluctuated slightly after stopping the decline.

Monthly K column chart of butadiene domestic production price of business society:

Weekly K column chart of butadiene domestic production price of business society:

In terms of enterprises, the 30000 T / a butadiene unit of Liaoyang Petrochemical plant operates stably, and there is no export plan before the festival. The 120000 T / a butadiene plant of Huajin in the North operates stably, and the supply is mainly transported by pipeline to the downstream. There is no export plan for the time being. The 160000 T / a butadiene extraction unit of Fushun Petrochemical operated stably after being restarted on March 24, mainly for self use and mutual supply of goods, and there is no export plan for the time being.

As of April 29, the ex factory quotation of some domestic butadiene manufacturers:

enterprise ., Price., Device dynamics

Zhenhai Refining and Chemical Co., Ltd, 9900 yuan / ton, 165000 T / a unit operates normally

Shanghai Petrochemical, 9900 yuan / ton, Normal operation of 120000 T / a unit

Yangzi Petrochemical, 9900 yuan / ton, Normal operation of 120000 T / a unit

Sinopec, 9900 yuan / ton, The 200000 t / a unit operates normally, mainly for mutual supply

Maoming Petrochemical, 9850 yuan / ton, 150000t / a unit operates normally, mainly for mutual supply and a small amount for export

Guangzhou Petrochemical, 9900 yuan / ton, The 30000 T / a unit operates normally, mainly for mutual supply and a small amount for export

Wuhan ethylene, 9900 yuan / ton, The 190000 T / a extraction unit operates stably, mainly for mutual supply and a small amount for export

Liaoyang Petrochemical, There is no export plan before the festival, Stable operation of 30000 T / a butadiene plant

Dalian Hengli, 9660 yuan / ton, The 140000 T / a butadiene plant operates stably, and the source of goods is normal for export

Northern Huajin, The source of goods is mainly from the downstream of pipeline transportation, and there is no export plan for the time being, Stable operation of 120000 T / a butadiene plant

Fushun Petrochemical, The source of goods is mainly for self use and mutual supply, and there is no export plan for the time being, The 160000 T / a butadiene extraction unit operated stably after being restarted on March 24

Inner Mongolia Jiutai ., 9750 yuan / ton, The 70000t / a butadiene oxidative dehydrogenation unit is planned to restart in April

Sipang, Jiangsu Province, Suspend external quotation, The 100000 t / a butadiene oxidative dehydrogenation unit has been temporarily shut down since September 14

In terms of external market: as of April 28, the price of butadiene in Asia rose: FOB Korea closed at US $1425-1435 / ton, up US $20 / dun; CFR China closed at US $1370-1380 / ton. The external price of butadiene in Europe remained stable: FOB Rotterdam closed at US $1515-1525 / ton; FD northwest Europe closed at 1385-1395 euros / ton.

region ., country., Closing price, Rise and fall

Asia, FOB Korea, 1425-1435 US dollars / ton, USD 20 / ton

Asia, CFR China, 1370-1380 USD / ton, USD 0 / ton

Europe, FOB Rotterdam, USD 1515-1525 / ton, USD 0 / ton

Europe, FD northwest Europe, 1385-1395 euros / ton, 0 euro / ton

According to the price monitoring of the trading society, in the list of bulk commodity prices in March 2022, there were 74 kinds of commodities rising month on month in the chemical sector, of which 37 kinds of commodities increased by more than 5%, accounting for 34.3% of the monitored commodities in the sector; The top three commodities were ammonium sulfate (57.60%), formic acid (53.79%) and sulfuric acid (42.86%). A total of 32 commodities fell month on month, and 16 commodities fell by more than 5%, accounting for 14.8% of the monitored commodities in this sector; The products with the top three declines were organosilicon DMC (- 24.23%), glycine (- 22.60%) and DMF (- 12.08%). The average rise and fall this month was 4.8%.

Comparison chart of butadiene CIS polybutadiene rubber (downstream products) trend of business society:

Comparison chart of butadiene styrene butadiene rubber (downstream products) price trend of business society:

Recently, the downstream synthetic rubber market continued to decline, coupled with poor terminal demand, the demand side is difficult to form an effective support for the butadiene market. Although there are a few sources of goods expected to be exported after the festival, there are devices in the northeast or there will be a parking inspection plan. At the same time, there is no obvious pressure on the supply side under the boost of the export news of domestic sources. Butadiene analysts of business society predict that the domestic butadiene market will be mainly sorted out in the short term.

According to the monitoring data of business society, the commodity index of polyaluminium chloride on April 29 was 124.59, the same as yesterday, down 12.65% from the highest point 142.64 in the cycle (2021-11-01), and up 47.76% from the lowest point 84.32 on August 18, 2020. (Note: the period refers to the period from April 1, 2019 to now)

As shown in the figure, according to the monitoring data of business society, the domestic market of polyaluminum chloride decreased slightly during the week from April 25 to 29, and the domestic mainstream quotation of solid (industrial grade, content ≥ 28%) polyaluminum chloride decreased from 2315 yuan / ton to 2305 yuan / ton, with a weekly decrease of 0.43%. At present, the manufacturer’s production is normal, the spot inventory is sufficient, the public health events affect the transportation and circulation of goods, the delivery is difficult, the cost increases, the transaction is not easy, and the relatively stable mainstream market in the early stage is being broken recently.

Industrial chain: in terms of upstream raw materials, according to the monitoring data of hydrochloric acid: business society, the domestic hydrochloric acid market price rose from 310 yuan / ton at the beginning of the week to 325 yuan / ton in the week from April 25 to 29, with a weekly increase of 4.48%. From the manufacturer’s quotation, the domestic hydrochloric acid market price was temporarily stable in that week; The upstream liquid chlorine market rose slightly, which strengthened the support for hydrochloric acid. The downstream market rose and fell with each other, and the willingness to purchase downstream products was good. The analysis showed that the short-term volatile rise of hydrochloric acid was mainly in the future.

Liquefied natural gas is used in the production process. According to the data monitoring of business agency, in the last week of April, the domestic LNG market fluctuated upward, 7036 yuan / ton at the beginning of the week and 7208 yuan / ton at the weekend, with a weekly increase of 2.44%. Near the end of the month, the stock pressure of the liquid plant is not strong, the price reduction and stock arrangement operation is not strong, and the price continues to rise moderately with cost support; Before the festival, the domestic LNG market still showed an upward trend. During the May Day holiday, the logistics is limited, and the domestic liquid price is expected to be mainly adjusted.

Future forecast: affected by the strict control of public health events, the problem of blocked market delivery and transportation will continue in the short term. Recently, the raw material cost fluctuated and increased. Due to the limited circulation in many places and the slowdown of downstream transactions, the quotation of some manufacturers decreased slightly. It is expected that the polyaluminum chloride market will fluctuate slightly in the near future.

Recent domestic isobutyraldehyde price trend

It can be seen from the above figure that the domestic isobutyraldehyde market price has twists and turns this month. On the whole, the price increased from 13566.67 yuan / ton at the beginning of the month to 14166.67 yuan / ton at the end of the month, an increase of 4.42%. There is a downward trend at the end of the month.

From the manufacturer’s quotation, the price of domestic mainstream isobutyraldehyde manufacturers increased slightly this month, the manufacturer’s inventory is general, and the downstream demand is weakened.

The upstream support is general, and the downstream demand is weakened

From the perspective of upstream and downstream industrial chains, the upstream propylene market fluctuated and rose this month. The price rose from 8200.80 yuan / ton at the beginning of the month to 8414.60 yuan / ton at the end of the month, an increase of 2.61%, a year-on-year increase of 4.58% compared with the same period last year, and the cost support is good. The market price of downstream neopentyl glycol decreased slightly, from 17733.33 yuan / ton at the beginning of the month to 17533.33 yuan / ton at the end of the month, a decrease of 1.13%. The downstream market fell slightly, and the downstream purchasing enthusiasm for isobutyraldehyde weakened.

The market outlook fell slightly

The domestic isobutyraldehyde market may fluctuate slightly in the middle and early ten days of May. The price of upstream propylene fluctuated in a narrow range recently, the cost support was insufficient, the market of downstream neopentyl glycol fell slightly, the enthusiasm of downstream for isobutyraldehyde procurement weakened, and the product trend declined under the contradiction between supply and demand. Isobutyraldehyde analysts of business society believe that under the influence of supply and demand and raw materials in the short term, the domestic isobutyraldehyde market may fluctuate and decline slightly.

1、 Price trend

According to the bulk data list of business society, the average price of domestic hips on April 28 was 12400 yuan / ton, down 0.27% and 3.88% year-on-year from 12433.33 yuan / ton at the beginning of the week.

2、 Market analysis

Hips prices fell steadily in April, down 1.06% during the month. The hips market this month was mainly caused by the volatile decline in the price of raw styrene and poor logistics. The market of raw materials rose in the first ten days, and the cost side supported the strong hips price. Under the mentality of buying up but not buying down, the market’s enthusiasm for inquiry has improved to a certain extent, but local public health events are still severe. Therefore, the shipment of enterprises is affected by it. The hips price began to decline in the middle of the year, and the negotiation has made concessions. In the latter ten days, as the holidays are approaching, the downstream factories continue to maintain the just need to buy, the transaction atmosphere is weakened, and the offer of cargo holders follows the market. By the end of the weekend, the ex factory price of hips was mostly about 11600-14300 yuan / ton, and the price of GPPS (525) was mostly 10200-11000 yuan / ton. The PS market decreased slightly during the month.

According to the weekly rise and fall from January 31, 2022 to April 21, 2022, domestic PVC rose first and then fell in the cycle, with the largest increase in February and the largest decrease in April.

In the international crude oil market, on April 27, the price of international crude oil futures rose slightly. The settlement price of the main contract of WTI crude oil futures in the United States was US $102.02/barrel, up US $0.32 or 0.31%; The settlement price of the main contract of Brent crude oil futures was US $105.32/barrel, up US $0.33 or 0.31%. The US Energy Information Administration (EIA) report released on Wednesday showed that the growth of US commercial crude oil inventories was less than expected. The market is still dominated by concerns about tight global oil supply in the future.

In terms of raw materials, the spot market of styrene fell slightly on April 27. Affected by public safety incidents, the transportation is not smooth, the market supply is sufficient, the spot transaction continues to weaken, and the Styrene Market in Shandong is weak and lower. The oil price rebounded at night, and styrene is likely to follow the trend of crude oil. It is expected that the styrene market will mainly rise in the short term.

3、 Future forecast

According to the business agency, the raw materials fluctuated downward in April. In addition, the market transaction atmosphere was poor, and the hips price fell slightly. With the gradual recovery of logistics and the increase of hips production, it is expected that the hips market will have downward expectations.

According to the data monitored by the business society, as of April 24, the PET price of pet water bottle level has been stable, medium and strong this week. At present, the average price is 8450 yuan / ton, and the overall market is narrow and upward. Compared with the same period last week, the price has increased by 1.32%, or about 100 yuan / ton.

The domestic PET price is relatively strong, with a slight increase, the manufacturers’ shipment is positive, the logistics is smooth, and the market transaction atmosphere is general. At present, the overall market operating rate is normal, the downstream willingness to prepare goods is general, and the cost support is weak. At present, the mainstream price is about 8400 yuan / ton, and the price rises slightly this week.

Upstream ethylene glycol: as of April 22, the average p value of oil-based ethylene glycol was 4975 yuan / ton, down 125 yuan / ton compared with the previous statistical cycle. It is expected that the market fundamentals will change little in the short term and the probability of narrow range shock is high.

Rubber and plastic commodity index: on April 23, the rubber and plastic index was 803 points, unchanged from yesterday, 24.25% lower than the highest point 1060 points in the cycle (2012-03-14), and 52.08% higher than the lowest point 528 points on April 6, 2020. (Note: the period refers to the period from December 1, 2011 to now)

Pet analysts of business society believe that the pet market is expected to be strong in the short term. (if you want to know more about the latest market trends of the industrial chain, you are welcome to pay attention to the official account of the business club, obtain commodity information and master commodity prices).