1、 Price trend

According to the monitoring data of business news agency, the average price of PS (GPPS 525) was 9766 yuan / ton on April 5 at the beginning of this week, and 10033 yuan / ton on April 9 at the end of this week, with a steady rise of 2.73% and a rise of 34.37% compared with the same period last year.

2、 Market analysis

At present, the PS market is on the rise, with a range of 100-150 yuan / ton. The cost center of gravity moved up significantly, driving the PS market to further explore the rise before and after the Qingming holiday. However, the acceptance of buying price is not high, and it is difficult for the market to make a large deal. Since April 7, under the influence of the high level correction of styrene, the market price reduction and shipment situation have gradually increased, and the center of gravity has declined again. However, due to the change of benzene and the center of gravity is relatively strong through benzene. According to the data, on April 8, 2021, the benzene penetration revenue of East China market was 9800-13400 yuan / ton, with the low end down 100 yuan / ton and the high end up 100 yuan / ton.

On the cost side, the raw material styrene fell back after rising, with a large range, and the cost support may decline. On the supply and demand side, the inventory further decreases, and the pressure on the supply side has not increased yet, but the small and medium-sized downstream has poor acceptance of the high level, and the potential pressure on supply and demand exists. It is estimated that benzene penetration in East China market will be 9700-13300 yuan / ton.

3、 Future forecast

Short term PS market or weak consolidation. Styrene high shock, coupled with weak market delivery, real single negotiations or weak. It is estimated that benzene penetration in East China market will be 9900-13400 yuan / ton.

From the end of March, the LPG market was dominated by favorable factors and entered the upward channel again. According to the data monitoring of business society, the average price of LPG in Shandong market was 3826.67 yuan / ton on March 28 and 4000.00 yuan / ton on April 1, with an increase rate of 4.53% in the past four days, up 7.62% compared with March 1.

As of April 1, the mainstream prices of LPG in various regions of China are as follows:

Specification ﹣ mode of transportation ﹣ region ﹣ mainstream price

Civil gas and automobile transportation in North China: RMB 3850-3970 / T

Civil gas and automobile transportation in East China: RMB 4010-4150 / T

Civil gas and automobile transportation in South China: RMB 4060-4150 / T

Civil gas and automobile transportation in Shandong Province: 3950-4000 yuan / ton

At the end of March, the LPG market was once again on the rise, and the price continued to rise. At present, the average price of Shandong civil gas market is back to 4000 yuan / ton. First of all, the international crude oil market fluctuated frequently during the week, and the price was high first and then low, but the overall rise brought some support to the LPG market. Secondly, driven by related products, propane and C4 after ether both went up, which also brought certain benefits to the market. At the beginning of the week, the lower reaches had a positive attitude and entered the market more actively. Most of the manufacturers delivered goods smoothly, the inventory was generally low, and the price continued to rise. But the price rise is not easy, the current market negative factors still exist. Saudi Aramco’s CP price was released in April, and the price of propane and butane all fell. One of the reasons is that the decline in the cost of imported gas has brought a certain negative impact on the domestic market. The supply side of Shandong market is relatively sufficient, but the lack of demand follow-up is the second. With the price continuously rising to a relatively high level, the resistance of the downstream increased, and they withdrew from the market one after another to wait-and-see, and the transaction atmosphere of the market obviously weakened.

Recently, the LPG futures market has been mainly volatile, which brings limited benefits to the spot market. On April 1, the opening price of LPG futures contract 2105 was 3887, the highest price was 3914, the lowest price was 3770, the closing price was 3782, the former settlement price was 3865, the settlement price was 3842, down 83, or 2.15%. The trading volume was 83069, the position was 24450, and the daily increase was – 9431. (quotation unit: yuan / ton)

In the future, although the current civil gas market is dominated by short-term positive factors and continues to rise, there are still negative factors in the market. The decrease of imported gas cost obviously brings some negative factors to the domestic market, and the fluctuation of international crude oil is frequent. In the later stage, with the gradual increase of weather and temperature, the market demand is expected to weaken. The current price is relatively high, and there is little room for later rise. It is expected that the trend of Shandong civil gas market in April is still weak.

1、 Price trend

According to the monitoring data of the business community, the average price of EPS common material was 10075 yuan / ton on March 29 at the beginning of this week, and 10250 yuan / ton on April 2 at the weekend, up 33.55% compared with the same period last year.

2、 Market analysis

The domestic EPS market rose by 100-200 yuan / ton, with the output of ordinary materials in Jiangsu Province at 10000-10200 yuan / ton and the output of fuel at 10300-10500 yuan / ton. Due to the influence of upstream styrene strengthening finishing, EPS ex factory and market prices keep rising. However, the market transaction atmosphere is not as good as yesterday, and the merchants are cautious and just need to take some goods.

On the supply side, the shutdown device resumed normal production last week, and the output is expected to increase slightly next week. Demand side, North China, northeast and other regional plate demand improved, market demand is expected to continue to rise next week.

3、 Future forecast

It is expected that the domestic EPS price will not fluctuate much in the short term.

1、 Price trend

According to the data monitored by the business community (the average price of SG5 manufactured by calcium carbide method), on March 30, the mainstream average price of PVC in China was 8775 yuan / ton, up 0.14% from the beginning of this month and 55.43% from the same period last year.

2、 Market analysis

Since the Spring Festival in 2021, driven by the bull market of the collective rise of chemical bulk products, the domestic PVC market has been rising rapidly, and the focus has been constantly moving up. Futures and spot have once again reached the 9000 yuan / ton mark hand in hand. Under the mood of “buying up but not buying down”, the industry has entered the market actively, and the market is improving.

In March, affected by the dual control policy of energy consumption in Inner Mongolia, the raw material calcium carbide reached a 10-year high with strong cost support, and the PVC export was better and stronger, which helped the PVC price rise continuously, and the futures price rose to a 10-year high, which can be described as a rapid rise. PVC market high callback in the last ten days, prices continued to decline, waiting for demand to follow up. Near the end of the month, PVC stopped falling and rose slightly, but the rising trend was fleeting, and the prices of various places were generally reduced. At present, the lower reaches of the PVC purchase enthusiasm is not high, the transaction atmosphere is not warm, bargain hunting, wait-and-see, but just need is still in. The price of raw calcium carbide continued to fall, the cost support gradually declined, the disk weakened, and the spot market price loosened.

In terms of spot price, the mainstream quotation range of pvc5 calcium carbide in China is around 8700-8900 yuan / ton. The price of pvc5 calcium carbide in Hangzhou is 8600-8800 yuan / ton, and the price is adjusted back; the mainstream price of pvc5 calcium carbide in Changzhou is 8700-8850 yuan / ton, and the price is adjusted back; the mainstream price of PVC common calcium carbide in Guangzhou is 8700-8820 yuan / ton, and the price is adjusted back; the market quotations of all places are sliding down to varying degrees.

Futures, the shock fell, led the spot trend. March 31 v2105 contract opening price: 8610, the highest price: 8690, the lowest price: 8515, position: 260888, settlement price: 8615, yesterday settlement: 8750, down 135.

Remarks on 31 March 2007

East China PVC calcium carbide process: 8550-8800 yuan / ton

South China PVC calcium carbide process: 8550-8850 yuan / ton

Huabei PVC calcium carbide process 8680-8850 yuan / ton

Southwest PVC calcium carbide method 8650-8850 yuan / ton

For upstream crude oil, on March 30, the international oil price fell. The settlement price of the main contract in the U.S. WTI crude oil futures market was $60.55/barrel, down $1.01 or 1.6%. Brent crude oil futures market settlement price of the main contract at 64.14 U.S. dollars / barrel, down 0.84 U.S. dollars or 1.3%. Oil prices fell on Tuesday mainly due to the resumption of navigation of the Suez Canal and the strength of the US dollar. At present, the market is mainly focused on the upcoming OPEC + ministerial meeting.

Ethylene, March 30, European ethylene market, FD northwest Europe quoted 1225-1238 US dollars / ton, down 2 US dollars / ton, CIF northwest Europe quoted 1198-1209 US dollars / ton, down 7 US dollars / ton. On March 30, the U.S. ethylene market quoted a price of US $1216-1229 per ton at FD American Bay. Recently, the U.S. ethylene market is stable and the demand is general. On March 30, the price of ethylene in Asia was USD 1058-1064 / T in Northeast Asia and USD 1003-1009 / T in Southeast Asia. Recently, the price of ethylene in Asia is mainly rising. Affected by the drop in upstream crude oil prices, the ethylene market may fall mainly later.

On March 31, the reference price of calcium carbide was 4200.00, up 17.76% compared with March 1 (3566.67). At the end of this month, with the resumption of large foreign PVC factories, domestic PVC factories began to stop for maintenance, the demand for calcium carbide was no longer as before, and the price of calcium carbide dropped again and again. It is predicted that the price of calcium carbide in Northwest China may drop slightly in early April.

3、 Future forecast

PVC analysts of business news agency believe that the current decline in cost and price, as well as the flat transaction of high price, lead to a relatively volatile trend of PVC in the short term, and the price continues to decline. However, it is difficult for the raw material price to quickly fall back to the previous level, so the cost support still exists. At the same time, the downstream demand is gradually following up. As PVC enterprises are about to enter the maintenance season, the supply side is expected to tighten, and the positive factors are superimposed There are many opportunities for PVC to rise in the future.

According to the data of the commodity list of the business society, the formaldehyde Market in Shandong has risen sharply recently. On March 29, the average price of formaldehyde in Shandong was 1333.33 yuan / ton, and on March 31, the average price of formaldehyde in Shandong was 1466.67 yuan / ton, up 10.00%. The current price has increased by 20.55% month on month, and the current price has increased by 6

9.23% year on year.

Recently, the domestic formaldehyde market price has risen. As of March 31, the mainstream ex factory quotation in Central China has increased by 23 yuan / ton to 1323 yuan / ton, the mainstream ex factory quotation in North China has increased by 1275 yuan / ton, and the mainstream ex factory quotation in East China has increased by 45 yuan / ton to 1374 yuan / ton. Shandong Linyi Galaxy formaldehyde production capacity of 120000 tons / year formaldehyde plant has been restarted. Recently, the formaldehyde Market Trading atmosphere is active, the market supply exceeds demand, the transaction situation is good, the formaldehyde market has gone up significantly.

Upstream methanol situation: the negotiated price of methanol market in southern Shandong increased by 20-50 yuan / ton to 2260 yuan / ton, and the nearby factory raised cash. Linyi receives the local goods to negotiate the price to 2250-2260 yuan / ton and deliver them to spot exchange. The logistics goods offer 2230-2240 yuan / ton and deliver them to spot exchange. Shandong methanol Lubei market reference price 2250 yuan / ton to spot. Methanol overall trading atmosphere is good, the market continues to rise, forming a strong support for formaldehyde market.

Affected by the blockage of the Suez Canal, the recent rise in international crude oil prices has led to the rising cost of chemical raw materials, and the price rise of bulk commodities is gratifying. In this context, the rising wood prices have promoted the strong atmosphere of formaldehyde downstream plate factories and adhesive factories. The industry has a positive purchasing attitude. The supply of formaldehyde is in short supply, and the formaldehyde market has risen sharply.

Recently, the upstream raw material methanol showed an upward trend, and the demand of downstream plate factories continued to improve, which supported the formaldehyde market. Therefore, the formaldehyde analysts from the chemical branch of business society predicted that the price of formaldehyde in Shandong would mainly rise in the near future.

1、 Price trend

According to the data monitoring of business news agency, the average price of domestic LNG on March 29 was 3593.33 yuan / ton, up 2.56% from the previous day (the 26th), 27.14% from the beginning of the month, and 10.3% from the same period last year.

2、 Analysis of influencing factors

On the 29th, the domestic liquefied natural gas market rose, and the liquid prices in Shaanxi, Ningxia, Inner Mongolia and other places rose actively, with the increase range of 50-200 yuan / ton. The market once again turned red, ushering in a wave of rising sentiment. This rise is mainly due to the support of cost side, downstream demand volume, and low operation of local manufacturers’ devices, which jointly boost the rise of liquid price. In early April, the price of Northwest raw gas rose to 1.98 yuan / m3, which led to market sentiment. In addition, the liquid price continued to decline recently, and the manufacturers were willing to support the price out of the stop loss mentality. Near the Qingming Festival holiday, the demand of downstream increased before the festival, the transaction atmosphere improved, the liquid factory shipment turned smooth, and the price rose. At present, the contradiction between supply and demand is not obvious. With the help of a favorable breeze, the price of liquid rises against the wind. However, the domestic market is impacted by the low price, and the demand is restrained in the off-season. It is difficult for the rising market to last.

On March 29, domestic liquefied natural gas (LNG) was generally up, with mixed ups and downs in some areas. Inner Mongolia 3600-3800 yuan / ton, actively push up, Shaanxi 3580-3800 yuan / ton, reluctant to sell up, Shanxi 3650-3800 yuan / ton, support the market, Ningxia 3800-3900 yuan / ton, good trading, Henan 3750-3900 yuan / ton, steady rise, Hebei 3580-3700 yuan / ton, mixed rise and fall.

Regional specifications: March 29 March 26

Inner Mongolia LNG 3600-3800 3500-3750 50-300

Shaanxi ﹣ LNG ﹣ 3580-3800 ﹣ 3450-3680 ﹣ 100-350

Shanxi LNG 3650-3800 3600-3800 up 0-50

Ningxia LNG 3800-3900 3580-3630 170-270

Henan ﹣ LNG ﹣ 3750-3900 ﹣ 3650-3750 ﹣ up 100-150

Most downstream products rose:

In recent weeks, the domestic methanol market was “calm”. According to the monitoring of the business society, the domestic methanol market price was 2425 yuan / ton on March 16, and 2330 yuan / ton on March 26, with a decrease of 3.92% in the cycle, a rise of 2.06% month on month and a year-on-year increase of 42.73%. On the mainland side, the spring inspection is in its peak period, and the supply is shrinking obviously; on the port side, the inventory is still in the process of de stocking, but it is weaker than that of the mainland. With the return of imports, there is an expectation of accumulating the inventory.

On March 29, the reference price of liquid ammonia was 3903.33, up 16.17% compared with March 1 (3360.00). At present, the shortage of liquid ammonia supply is difficult to solve in a short time, and the overhaul of some plants may last for a long time. The Henan plant may face a long-term overhaul, and the market supply will continue to be good in the short term. It is not ruled out that the price of liquid ammonia will continue to rise next week.

Urea, March 29, Shandong urea market rose, demand: agricultural demand is mainly sporadic procurement; downstream compound fertilizer, plastic plate plant start load increased slightly, most of the market-oriented. Supply side: at present, the operating rate of urea enterprises is about 80%, and the daily output is about 160000 tons. The start-up load of urea enterprises is increased and the supply side is sufficient. International aspect: the lowest bid price for the east coast is 379.87 USD / T CFR, while the lowest bid price for the west coast is 380.18 USD / T CFR, with a total bid volume of 1.926 million tons. It is more suitable for China to supply goods to the east coast of India. The domestic arrival price is about 2210 yuan / ton, which is not different from the current domestic price. It is reported that the domestic urea export volume may be about 800000-900000 tons. In addition, the nitrogen fertilizer plant with an annual output of 1.7 million tons of urea in India has exploded recently, and the medium scalar quantity may be improved, and even the bidding will be held again in April.

3、 Future forecast

Liquefied natural gas analysts of business news agency believe that: at present, the price rise of gas source has boosted the market sentiment, superimposed the downstream replenishment before the festival, the low operation of local manufacturers’ devices and good profits, and jointly boosted the rise of liquid price. It is expected that the price of domestic liquefied natural gas will rise steadily in the short term, but the low price will impact the domestic market, and the demand in the off-season will be contained, so there is room for this rise Limited, the future may continue to be weak.

According to the monitoring of the business community, the price of phthalic anhydride in the domestic market fell sharply in March. As of the 26th, the quotation of phthalic anhydride was 6075 yuan / ton, down 23.34% compared with 7925 yuan / ton at the beginning of the month, up 31.35% year on year. Recently, the price trend of phthalic anhydride continued to fall, the spot supply was normal, and the market of phthalic anhydride continued to fall.

In recent years, the market price of phthalic anhydride has fallen sharply, the market delivery of phthalic anhydride is general, the downstream demand has decreased in the near future, the price trend of o-benzene has dropped sharply, the plasticizer market has declined, and the negative factors have led to the market price of phthalic anhydride falling continuously. Domestic phthalic anhydride manufacturers started at a low level, and the operating rate of phthalic anhydride on the site was about 60%. The domestic phthalic anhydride spot supply was sufficient, and the price of phthalic anhydride on the site was lower. The downstream plasticizer industry market declined, and the actual transaction situation was general. The price trend of phthalic anhydride market in East China is declining, with limited high-end transactions in the market. The mainstream of neighboring France source negotiation in East China is 6000-6200 yuan / ton, and naphthalene method source negotiation is 5900-6000 yuan / ton. The mainstream quotation of phthalic anhydride market in North China is 6000-6200 yuan / ton. The market outlook of phthalic anhydride is still in the market, and the downstream procurement is poor. The recent downward trend of DOP market in the downstream is affected Prices have fallen sharply.

Since March, the price trend of domestic o-benzene has dropped sharply, and the market price has dropped to 5700 yuan / ton, with a decrease of 12.31%. The decline of domestic o-benzene price is a big bad news for phthalic anhydride market. In addition, the market of imported o-benzene in port area has declined, the external quotation of o-benzene has declined, and the import of o-benzene in port area has increased. Recently, the inventory of o-benzene in port has increased, and the external quotation of o-benzene has dropped sharply The international transaction price is subject to negotiation. The price trend of o-benzene is declining. The price of raw material o-benzene is lower, which is bad for the domestic market price of phthalic anhydride. Recently, the market price of phthalic anhydride has dropped sharply.

The market price of the downstream DOP of phthalic anhydride dropped sharply. According to the monitoring of the business community, the domestic DOP price was 12025 yuan / ton by the 26th, and the price dropped by 12.86% in March. The low starting point of the equipment of DOP enterprises in the yard was temporarily stable. With the sharp drop of the price of isooctanol, the cost of DOP decreased, the gap of DOP decline increased, and the DOP price plummeted. With the increase of the operating rate of DOP enterprises, the pressure of supply and demand is alleviated, the demand support is weakened, the rising power of DOP in the future is weakened, and the downward pressure is increased. In the future, the cost of DOP decreased, the operating rate of enterprises increased, the support of DOP rise weakened, and the high price caused the cost pressure of downstream products. The downstream customers were more resistant to high price DOP. The overall DOP price was about 12000-12400 yuan / ton, the domestic demand for phthalic anhydride did not improve, and the market price of phthalic anhydride dropped significantly.

On the whole, the recent trend of crude oil price has fallen sharply. In addition, the downward pressure of downstream plasticizer industry has increased, the DOP price has been declining, and the price of o-benzene has a downward trend. It is expected that the market price of phthalic anhydride will decline slightly in the future.

1、 Price trend

The factory price of calcium carbide in Northwest China rose this week. The average price of the factory quotation of the mainstream manufacturers of Northwest calcium carbide rose from 4716.67 yuan / ton at the beginning of the week to 5116.67 yuan / ton at the weekend, up 400 yuan / T, or 8.48%, up 87.88% compared with the same period last year. Overall, the market of calcium carbide rose this week, with the carbide commodity index of 134.06 on March 19, and the price of calcium carbide fell at the weekend.

2、 Trend analysis

From the manufacturer’s quotation, the factory price of calcium carbide in Northwest China increased this week: ovicana energy offered 5150 yuan / ton of calcium carbide this weekend, up 200 yuan / ton compared with the beginning of the week; the price of calcium carbide in Inner Mongolia and China Federation of China this weekend was 5200 yuan / ton, up 300 yuan / ton compared with the beginning of the week; the quotation of the carbide in Xingping of Ningxia was 5000 yuan / T this weekend, which increased by 700 yuan / T compared with the beginning of the week .

From the upstream and downstream industrial chain of calcium carbide, the upstream raw material market, this week, the factory quotation of Lancang was low consolidation. The quotation for small materials is 720 yuan / ton this weekend, which is temporarily stable compared with the beginning of the week; the quotation of Chinese materials is 800 yuan / ton this weekend, which is temporarily stable compared with the beginning of the week; the quotation for bulk materials is 860 yuan / ton this weekend, which is temporarily stable compared with the beginning of the week. The upstream raw material price is low consolidation, and the cost support is general, which has a negative impact on the price of calcium carbide.

Downstream market, PVC factory prices this week rose slightly. PVC quotation rose from 8725.00 yuan / ton at the beginning of the week to 8962.50 yuan / ton at the weekend, up 2.72%. It was up 44.85% year on year. PVC prices rose slightly this week, the market was better, and downstream enthusiasm for calcium carbide procurement increased. Overall, it seems that the PVC market this week has a positive impact on the price of calcium carbide.

3、 Future forecast

In late March, the calcium carbide market was mainly subject to a small fluctuation. Raw materials orchid carbon price low consolidation, calcium carbide cost support is general. Although the downstream PVC market recently slightly increased, but at the end of the month, foreign PVC factories resumed work, domestic PVC started or decreased. The market forecast that the price of calcium carbide in Northwest China will fall slightly in late March.

1、 Price trend

According to the monitoring data of the business community, the average price of EPS common material was 10950 yuan / ton on March 15 at the beginning of this week, and 10650 yuan / ton on March 19 at the end of this week, up 17.51% compared with the same period last year.

2、 Market analysis

As of March 18, styrene spot in Jiangsu was about 8650 yuan / ton, down 555 yuan / ton or 6.03% compared with the closing price of 9205 yuan / ton on March 11. EPS market shipment is flat, downstream purchasing is mainly just need, some businesses wait and see carefully, waiting for the opportunity to fill the position.

The ex factory price of EPS fell sharply, and the inventory pressure of most EPS factories was obvious. As of March 18, Jiangyin Jianlong’s ordinary material was 10400 yuan / ton, down 500 yuan / ton, down 4.59% on a month on month basis, and fuel was 10700 yuan / ton, down 500 yuan / ton, down 4.46% on a month on month basis.

3、 Future forecast

At present, the demand for packaging and sheet materials is increasing slowly, and the cost pressure is obvious. It is expected that the EPS market will be weak in the next week.

In the near future, although the external price has been continuously reduced, the shortage of goods in Northeast China has benefited the market, and the domestic butadiene market has entered a period of narrow consolidation. According to the sample data monitored by the business community, as of March 15, the domestic butadiene market price was 8446 yuan / ton, with a month on month increase of 34.48% and a year-on-year increase of 35.50%.

Northeast a small number of sources of wide price increase transactions, domestic butadiene market offer quickly follow up. The sudden turn of the market led to some downstream inquiries. However, the spot supply in East China market is abundant at present. With the restart of Yangzi Petrochemical and Nanjing Chengzhi plant, the overall domestic supply shows an incremental trend. With the inflow of slightly lower price goods from East China into Shandong, the market atmosphere is gradually weakening. Although the northern business offer intention is strong, but the downstream inquiry is relatively cautious, the transaction is poor, drag the market to push up and then slightly weak consolidation.

In terms of enterprises, Sinopec East China butadiene supply price is stable at 8500 yuan / T; Shenhua Ningmei butadiene is normally exported at 8260 yuan / T, up 100 yuan / T on a month on month basis; a 60000 T / a butadiene plant of Yangzi Petrochemical was restarted around March 7, and is now in stable operation; Puyang Bluestar 50000 T / a butadiene plant is in normal operation, and a small amount of goods are on sale, with price reference of 8700 yuan / T.

External price: as of March 12, the external price of butadiene in Asia rose: FOB Korea closed at US $1135-1145 / T, up US $70 / T; CFR China closed at US $1165-1175 / T, up US $60 / T. The external price of butadiene in Europe rose: FOB Rotterdam closed at 955-965 USD / ton, up 50 USD / ton; FD northwest Europe closed at 755-765 EUR / ton, stable.

In the future, on the one hand, the supply side of East China and domestic suppliers is relatively abundant, on the other hand, the inventory of downstream raw materials is relatively abundant, and the market’s ability to accept high price sources needs to be followed up. Business community butadiene analysts expect that the domestic butadiene market will be slightly consolidated in the short term.