Trend of metallic magnesium (8.16-8.20, the same below)

This week, the magnesium ingot Market was consolidated at a high level. At the beginning of the week, the magnesium market developed steadily at a high level. On Wednesday, the market transaction weakened, the magnesium price was stable and slightly corrected. There were few new orders signed in the main production areas, mainly in the form of pre-sale. As of August 20, the external quotation of domestic magnesium ingots was 22533.33 yuan / ton, which was lower than that of the previous two days, and the market transaction was followed up on Friday.

As of August 20, the specific price range of each region is as follows:

Ex factory tax included spot exchange in fugu area is 22200-22300 yuan / ton; The ex factory tax included spot exchange in Ningxia is 22200-22300 yuan / ton; The ex factory tax included spot exchange in Taiyuan is 22300-22400 yuan / ton; The ex factory tax included spot exchange in Wenxi area is 22400-22500 yuan / ton.

Market analysis

Supply and demand: at present, there are few magnesium ingots in stock, most of them have to arrange orders in futures, and merchants have a strong willingness to support prices; On the demand side, downstream customers generally have low acceptance of high prices, the pace of procurement slows down, and they often maintain a wait-and-see attitude. Both suppliers are in a game state, and the downward momentum of magnesium price is small.

Raw materials: ferrosilicon and coal prices are still high and stable. Due to the impact of raw material inventory, some coking enterprises have started the fifth round of increase. Some ferrosilicon merchants have heard the news that the government will pay attention to the problem that the dual control target of energy consumption in the first half of the main production area Ningxia is far lower than expected, driving ferrosilicon merchants to be optimistic about the future market.

Future forecast

Overall, the price of magnesium fluctuated in a narrow range this week, and the overall high consolidation. With the tight spot market, the stalemate between the supply and demand sides and the support of high raw material costs, the downward space of magnesium ingots is limited. In the short term, the domestic magnesium ingot price may be strong.

Recent price trend of isooctanol

As can be seen from the above figure, the ex factory price of isooctanol in Shandong fell this week. This week, the average ex factory quotation price of isooctanol in Shandong fell from 18233.33 yuan / ton at the beginning of the week to 17800 yuan / ton at the end of the week, a decrease of 2.38%, a year-on-year increase of 156.12% compared with the same period last year. Overall, the isooctanol market fell this week, and the isooctanol commodity index was 130.88 on August 20.

Downstream demand weakened and isooctanol fell again

From the perspective of manufacturer’s quotation, the ex factory quotation of mainstream isooctanol manufacturers in Shandong fell this week: Jianlan chemical offered 17900 yuan / ton of isooctanol this weekend, down 300 yuan / ton compared with the beginning of the week; The quotation of isooctanol at the end of this week was 17500 yuan / ton, which was 700 yuan / ton lower than that at the beginning of the week; Hualu Hengsheng offered 18000 yuan / ton of isooctanol this weekend, down 300 yuan / ton compared with the beginning of the week.

From the upstream and downstream industrial chain, the propylene market in the upstream raw material market of isooctanol increased slightly this week. The quotation increased from 7702.18 yuan / ton at the beginning of the week to 7748.55 yuan / ton at the end of the week, an increase of 0.60%, an increase of 11.07% over the same period last year. The market price of upstream raw materials rose slightly, which had a positive impact on the price of isooctanol due to the impact of supply and demand.

In the downstream market of isooctanol, the ex factory price of DOP fell slightly this week. DOP quotation decreased from 15175.00 yuan / ton at the beginning of the week to 14900.00 yuan / ton at the end of the week, a decrease of 1.18%, an increase of 112.86% over the same period last year. Downstream DOP prices fell slightly, downstream customers’ enthusiasm for octanol procurement weakened, and the demand for isooctanol weakened.

Weak demand and bearish outlook

In late August, the market trend of Shandong isooctanol may fluctuate slightly. On the whole, recently, isooctanol units have been started successively, the overall operating rate of the isooctanol industry has increased, the upstream support is limited, the downstream market is general, and the demand is weakened. Therefore, the isooctanol analysts of business society believe that the domestic isooctanol market may fluctuate slightly in late August.

International crude oil is weak and downward, with limited cost side support for the asphalt market, heavy market bearish sentiment and low enthusiasm for some goods. Moreover, during this cycle, the supply of some maintenance devices was restored, the market supply increased, and the contradiction between supply and demand was relatively prominent. According to the monitoring data of business agency, from August 13 to August 23, the average spot price of domestic asphalt fell from 3413 yuan / ton to 3386 yuan / ton. During the cycle, the price fell by 0.78%, the price rose by 1.20% month on month and 34.13% year-on-year.

On the supply side, some refineries in the main production areas of Shandong have resumed normal production, with a slight increase in construction. Recently, qilingnan plans to resume asphalt production, and enterprises in Shandong are expected to start or continue to increase; From the demand side, the downstream terminal demand is tepid, the inventory pressure of some main refineries is obvious, and the contradiction between supply and demand remains.

With the improvement of rainfall and epidemic situation, it is expected that the demand in some areas is expected to pick up slightly, but the overall recovery is limited. Asphalt analysts of business society expect that the domestic asphalt spot market will still be mainly sorted out in the near future.

1、 Price trend

According to the bulk list data of business society, the domestic glycine price remained stable this week, and the average price of industrial grade glycine remained stable at 25000 yuan / ton without rise or fall.

2、 Analysis and review

According to the price chart of the business club, the domestic glycine market remains stable at a high level. The industrial glycine of enterprises is quoted at 25000 yuan / ton. The devices of start-up enterprises are fully opened, the delivery situation is acceptable, and the inventory is limited. The downstream demand is mainly rigid demand, and the demand situation is acceptable. With the support of demand, the price of glycine is strong and the industry profit is considerable.

Demand: the downstream glyphosate price remained stable. In early August, the price of glyphosate (95% technical drug) rose to 51500 yuan / ton, at a high level in recent ten years, up 138% year-on-year. Orders from domestic enterprises have been scheduled to September October. The downstream demand is strong, and the glyphosate industry continues to receive attention.

3、 Future forecast

Glycine analysts of business society believe that the current glycine supply is sufficient, and the glycine price is strong under the support of demand. It is expected that the glycine market will continue to operate at a high level and maintain stability in the near future.

According to the bulk commodity list data of business society, the formaldehyde Market in Shandong fell this week. At the beginning of the week, the average price of formaldehyde in Shandong was 1343.33 yuan / ton, and at the weekend, the average price of formaldehyde in Shandong was 1320.00 yuan / ton. The current price fell by 1.86% month on month, and the current price rose by 53.49% year-on-year.

The market price of formaldehyde in Shandong fell this week. As of August 13, the mainstream market price in Shandong was 1300-1350 yuan / ton. Linyi Jinyuan Chemical has two formaldehyde production lines that were discontinued on June 25, with an annual production capacity of 80000 tons and a formaldehyde content of 37%. Recently, the trading atmosphere in the formaldehyde market is poor and the shipment is not smooth. Formaldehyde manufacturers take the initiative to reduce the price in order to ship, and the formaldehyde market shows a downward trend.

Upstream methanol: the transaction price of methanol market in northern Shandong is 2440-2460 yuan / ton, which is delivered to spot exchange. The transaction is general and stable for the time being. The transaction of methanol market in central Shandong is about 2450-2470 yuan / ton, which is delivered to spot exchange. The transaction is general and the fluctuation is limited. The negotiated price in the methanol market in southern Shandong is up to 2480 yuan / ton, and the nearby factory provides cash exchange. Linyi receives the local goods to negotiate the price to 2470-2480 yuan / ton and sends them to cash exchange. The quoted price of logistics goods is not available for the time being. The atmosphere is average. Methanol market fell steadily, unable to support the cost of formaldehyde.

At present, the start-up of plate plants in Shandong is OK, but under the background of the influx of formaldehyde from the periphery into Shandong, the demand for formaldehyde is also limited, so it is just needed to purchase. Formaldehyde manufacturers cut prices and shipped, and the formaldehyde market fell slightly.

Recently, the upstream raw material methanol market has become weaker and weaker, unable to support the cost of formaldehyde, and the downstream gas buying is OK. Therefore, the formaldehyde analyst of the chemical branch of the business society expects that the recent price of formaldehyde in Shandong is mainly lower by shock.

According to statistics, the price trend of domestic ammonium nitrate was temporarily stable this week. By the end of the week, the market price of domestic ammonium nitrate was 3550 yuan / ton, which was the same as that at the beginning of the week, with a year-on-year increase of 51.71%. On August 13, the ammonium nitrate commodity index was 186.84, unchanged from yesterday, hitting a record high in the cycle, an increase of 141.49% from the lowest point of 77.37 on October 31, 2016（ Note: the period refers to the period from February 1, 2013 to now).

The domestic ammonium nitrate market price remained high this week. The domestic ammonium nitrate manufacturers generally started their units, and the supply of ammonium nitrate in the field was normal. Some manufacturers reported that the upstream coal raw material price was high, the cost increased significantly, and the manufacturer’s price reached a historical high. Recently, the supply of goods in the field was tight, the transportation was normal, and the market price trend of ammonium nitrate was stable. Recently, the shipment market of ammonium nitrate manufacturers is normal, the downstream purchases on demand, the domestic ammonium nitrate manufacturers start normal, and the prices of some manufacturers are at a historical high. Up to now, the mainstream negotiation in Shaanxi is 3500-3600 yuan / ton, the mainstream negotiation in Shandong is 2700-2900 yuan / ton, and the price in Hebei is 4400-4500 yuan / ton.

The price trend of domestic concentrated nitric acid was temporarily stable this week. The price at the weekend was 3096.67 yuan / ton, which was the same as that at the beginning of the week. Anhui Jinhe offered 3200 yuan / ton; Shandong helitai offers 3200 yuan / ton. Shaanxi Xinghua offers 2650 yuan / ton. Recently, the domestic maintenance units operate normally, the market supply of concentrated nitric acid is normal, and the delivery of goods in the field is general. The price of nitric acid in the field remains high, and the market price trend of ammonium nitrate remains high.

The price trend of upstream liquid ammonia was temporarily stable this week. The price at the weekend was 4800 yuan / ton, which was the same as that at the beginning of the week. As domestic commodities usher in a new round of rising cycle, especially the upstream coal of liquid ammonia, the rise is strong. Good cost support is obvious. In addition, the supply of liquid ammonia continues to be tight. At present, it is still affected by the low operating rate of domestic devices and too many maintenance devices, and the supply has decreased significantly, resulting in insufficient supply in the market, superimposed with dealer speculation and other factors, and the price of liquid ammonia remains high. In the downstream, the current agricultural fertilizer has increased, the downstream demand is general, and the market price trend of ammonium nitrate is temporarily stable.

Recently, the demand of the downstream civil explosive industry is normal. In addition to the normal production and sales of nitro compound fertilizer, the demand for calcium ammonium nitrate has increased. In addition, the market price of raw materials has little change, and the coal market price remains high. However, the spot supply of ammonium nitrate in the field is general, and the high cost has a certain positive impact, Ammonium nitrate analysts of business society believe that the market price of ammonium nitrate may remain high in the later stage.

According to the data monitoring of business agency, the dichloromethane market rose slightly this week (8.9-8.13). As of August 13, the average price of dichloromethane in Shandong was about 4135 yuan / ton, up 1.6% from 4070 yuan / ton at the beginning of the week.

After the rainy season, the construction in the downstream has gradually picked up, and the support for dichloromethane has increased.

The price of raw liquid chlorine is low, the price of methanol is slightly weak, and the cost support is weak. According to the business agency, as of August 13, the methanol price was 2565 yuan / ton, slightly adjusted from 2572 yuan / ton at the beginning of the week; The mainstream ex factory price of liquid chlorine of tank car in Shandong Province is about 900 yuan / ton.

Future forecast: Analysts of methane chloride data of business society believe that the cost side of dichloromethane market is still weak in the near future, and the supply and demand side has improved. On the whole, the dichloromethane market will fluctuate in a narrow range in the later stage.

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.