1、 Price trend

The composite price of potassium chloride fell this week. The average price of the mainstream comprehensive quotation of potassium chloride this week dropped from 2175.00 yuan / ton at the beginning of the week to 2140.00 yuan / ton at the end of the week, down 1.61%. Overall, the potassium chloride market fell this week, with the potassium chloride commodity index at 67.94 on February 5.

2、 Market analysis

This week, the quotation of mainstream potassium chloride manufacturers fell: the ex factory quotation of Qinghai Salt Lake potassium chloride at the weekend was 2050 yuan / ton, which was temporarily stable compared with the beginning of the week; the distribution quotation of Anhui Badou potassium chloride at the weekend was 2230 yuan / ton, which was 70 yuan / ton lower than the beginning of the week. The actual turnover of potassium chloride market this week is not good. On the whole, the main contradiction of the market is that supply exceeds demand, the trading atmosphere is cold, downstream purchasing is just in demand, the overall inventory is low, the purchasing market momentum is low, and the domestic potassium chloride market is stable.

3、 Future forecast

In the middle of February, the overall trend of potassium chloride market may fluctuate slightly. The KCl market is facing the pressure of three big mountains, namely, Hong Kong’s large stock, weak demand and downward international prices. Therefore, the main contradiction in the current market is that supply exceeds demand. KCl analysts of business society believe that under the influence of supply and demand, raw materials and other aspects of the short-term KCl market, the KCl market may be dominated by high consolidation.

According to the data monitored by the business agency, the average ex factory tax price of domestic light potassium carbonate this week is 6500.00 yuan / ton, which is stable. The current price is up 1.15% month on month, and the current price is up 3.75% year on year.

Recently, the domestic potash market is stable, the spring holiday is approaching, the logistics and transportation are inconvenient, the downstream factories have a downward trend in the recent start-up, just need to purchase is maintained, the potash market trading atmosphere is cold and clear, and the market is stable. According to the statistics of the business society, the mainstream ex factory quotation range of domestic industrial grade potassium carbonate this week is about 6400-6700 yuan / ton (the quotation is for reference only), and the quotation is different according to the different procurement situation.

Recently, the quotation of potassium chloride mainstream manufacturers fell: on February 5, the potassium chloride equipment of Qinghai Salt Lake Potash Fertilizer Co., Ltd. operated normally. The ex factory quotation is 2050 yuan / ton, the quotation is temporarily stable, and the actual transaction price is mainly through negotiation. On February 5, Anhui Badou Chemical Co., Ltd. quoted a price of 2230 yuan / ton for potassium chloride distribution, which fell by 70 yuan / ton. The actual transaction price was mainly through negotiation. This week, the potassium chloride market was light and fell.

Potassium carbonate analysts of business news agency believe that the recent spring holiday is approaching, the stock in the yard is small, and the downstream factories have little intention to continue purchasing before the year. It is expected that the price of potash will be stable in the short term, and the long-term market still needs to wait and see. (the above prices are provided by the main manufacturers of potassium nitrate all over the country and sorted out and analyzed by the potassium carbonate analysts of the business society. They are for reference only. For more price details, please contact the relevant manufacturers for consultation).

On the morning of December 27, 2020, the list of the Sixth China Industrial award, commendation award and nomination award was released. The complete set of new technology project for caprolactam green production of Baling Petrochemical won the China Industrial award and was the only winner of Sinopec. With the support of the Ministry of science and technology of the people’s Republic of China and the National Natural Science Foundation of China, Baling Petrochemical and stone research institute transformed the scientific research achievements of basic research into new technologies. Over the past 30 years, three generations have overcome numerous setbacks and tribulations, developed a complete set of green technology with independent intellectual property rights, successfully broke the blockade and monopoly of caprolactam production technology in foreign countries for 70 years, and established the brand image of China’s independent innovation technology. At present, the domestic self-sufficiency rate of caprolactam has increased from 30% to 94%, and China’s dependence on foreign technology and imported products has decreased significantly.

30 years of independent innovation, successful development of caprolactam green production of new technologies

Caprolactam is an important organic chemical raw material. As a monomer for producing nylon-6 synthetic fiber and nylon-6 engineering plastics, caprolactam is widely used in many fields such as textile, automobile, electronics, etc. Caprolactam industry is closely related to national economic strength and people’s living standards, and plays an important role in the development and continuous improvement of national economy.

In the early 1990s, Sinopec spent nearly 10 billion yuan to introduce three sets of 50000 T / a caprolactam production units, which were built in Baling Petrochemical, Nanjing DSM Oriental Chemical Co., Ltd. and Shijiazhuang refining and Chemical Co., Ltd. Subsequently, Sinopec took the preparation of cyclohexanone oxime, the core technology of caprolactam production, as a breakthrough point to carry out a complete set of new technologies for green production of caprolactam in Baling Petrochemical Company. With the strong support of the Ministry of science and technology and the National Natural Science Foundation of China, and under the guidance of academicians min Enze and Shu Xingtian of the Chinese Academy of stone Sciences, the research team has made great efforts in cooperation and hard work. In the past 30 years, it has formed more than 100 invention patents at home and abroad, and successfully developed a complete set of new technologies for green production of caprolactam, which are integrated by new reaction pathways, new catalytic materials and new reaction engineering.

The complete set of new technology has six core technologies, all of which have reached the international leading level, including single reactor continuous slurry bed ammoximation of cyclohexanone to cyclohexanone oxime process technology, three-stage Beckman rearrangement technology of cyclohexanone oxime, ammonium sulfate neutralization crystallization technology, magnetically stabilized bed hydrofining technology of caprolactam, gas-phase rearrangement technology of cyclohexanone oxime to caprolactam, and new technology of cyclohexene esterification and hydrogenation to cyclohexanone technology. Among them, the first four technologies have been applied in industry, forming 137 invention patents at home and abroad; 17 provincial and ministerial awards have been won, including one national first prize for technological invention and one national second prize for scientific and technological progress.

The “new process of cyclohexanone oxime gas phase rearrangement moving bed” without by-product ammonium sulfate in Baling Petrochemical Company has also made breakthrough progress in catalyst preparation, reaction process, product refining, etc., completed the small-scale and pilot scale technical research, and is about to carry out 50000 T / a industrial application. In addition, Sinopec initiated and developed the “new process of cyclohexene esterification and hydrogenation to cyclohexanone”, with a carbon atom utilization rate of nearly 100%. It not only has low energy consumption, but also can co produce anhydrous ethanol. It has completed the pilot study and 200000 t / a process package development, and is about to carry out 200000 t / a industrial application.

New technology promotes the vigorous development of new industries, and relocation and upgrading protect a river of clear water

Today, Baling Petrochemical has become a large petrochemical and coal chemical joint enterprise, as well as the largest caprolactam and lithium rubber production enterprise and an important epoxy resin production base in China. Among them, the caprolactam product chain includes 500000 T / a caprolactam (including 200000 t / a of joint venture), 450000 T / a cyclohexanone and 800000 T / a ammonium sulfate. Caprolactam green production complete set of new technology, realized the leap forward technological progress of traditional industries, not only more environmental protection, pollutant emissions per unit product reduced by 50%, and unit production cost reduced by 50%, 10000 tons of production capacity investment dropped to less than 150 million yuan, reduced by nearly 80%, produced significant economic and social benefits.

A complete set of new technologies for green production of caprolactam has greatly promoted the rapid development of caprolactam and its downstream industries. By the end of 2019, Sinopec has built several caprolactam production units in Baling Petrochemical Company and Zhejiang baling Hengyi company, with a production scale of 900000 tons / year, accounting for 12.16% of global caprolactam production capacity and 24.39% of domestic caprolactam production capacity. At present, the capacity of new green production technology of caprolactam in China has reached 4 million tons, becoming the world’s largest production country, with a global market share of more than 50%, forming a new industry of 40 billion yuan, driving the vigorous development of downstream industry of 400 billion yuan.

In 2020, Baling Petrochemical’s caprolactam industrial chain relocation and upgrading transformation development project with a total investment of 13.95 billion yuan will be launched in Hunan Yueyang Green Chemical Industrial Park. The project adopts a batch of new technologies independently developed by Sinopec and will build a 600000 T / a caprolactam industrial chain at one time. The project will be built into a demonstration project and benchmark project of “guarding a river with clear water”, cracking the “chemical industry encircling the river”, and implementing the relocation of hazardous chemicals production enterprises in densely populated urban areas in China.

It was reported on January 28 Investing.com Reported that the dollar rebounded, Brent (Brent) crude oil and West Texas Intermediate crude oil (WTI) prices fell slightly, which may be due to lower than expected U.S. official crude oil inventories limit the loss. Brent crude fell 0.84% to $55.55/barrel, while West Texas Intermediate crude fell 0.24% to $52.60/barrel. Both contracts remain unchanged in the Asian market.

On Thursday, oil prices rebounded rapidly from intraday lows, suggesting that there is still a lot of interest in spot buying even at current levels. This is consistent with the economic recovery in Asia and its correlation with the current high price of natural gas in Asia. If the US dollar continues to rise, the tension over the pace of US economic recovery intensifies, and the stock market falls further, then oil prices will face further downward pressure. However, the current trend of oil prices shows that any sharp decline will be short-lived.

Brent crude’s resistance level was US $56.60 and US $57.40 per barrel, while its support level was US $54.50 per barrel. WTI’s resistance level was US $54.00 per barrel and support level was US $51.60 per barrel.

Although the stock market and gold prices fell, in the face of a stronger US dollar, gold prices did not fall much. This morning, gold prices fell only 0.34% to $1844.50 an ounce, while Asian gold prices fell 0.53% to $1837.60 an ounce.

However, bullish traders can gain some confidence from the price movements of the past 24 hours. In the face of a sharp fall in the stock market, gold performed better overnight than it has for many months. This shows that gold is benefiting from some safe haven demand, driven by a small decline in US yields.

1、 Price trend

According to the monitoring data of business news agency, the mainstream price of styrene in China stopped falling and rebounded this week, showing an overall upward performance. The price of sample enterprises was 670.000 yuan / ton on Monday (January 25), and 6883.33 yuan / ton on Friday (January 29), with an increase of 2.74%, and a decrease of 4.84% compared with the same period last year.

2、 Market analysis

Products:

This week, the styrene market rebounded, the overall upward performance. East China on January 25: East China styrene closed at around 6700 yuan / ton. On January 29, East China styrene closed at 6850-6900 yuan / ton, with a slight increase of 150-200 yuan / ton. The above is the can price of Zhangjiagang. On January 25, South China styrene closed at 6900-6950 yuan / ton for delivery, and on January 29, South China styrene closed at 7100 yuan / ton, up by 200 yuan / ton.

Industrial chain:

The trend of international crude oil is basically stable, driving the price of pure benzene and ethylene to run smoothly, and the production cost of styrene remains stable. However, the profit margin of styrene is good, and the cost support is still weak. Downstream PS, EPS prices rose slightly, ABS prices fell slightly. This week, the port inventory continued to show a small accumulation state. With the approaching of the Spring Festival holiday, the downstream factories’ intention of outsourcing gradually weakened, and the market demand showed poor performance. This week, the average operating rate of domestic styrene plants rose to 82.66% from 78.97% last week, up 3.69%. Shengyuan raised the load, Xinpu, Zhejiang Petrochemical and Anqing Petrochemical resumed full load production, and domestic styrene supply is expected to further increase. On the downstream side, although it still maintains considerable profits and some goods are expected to be prepared in the market before the Spring Festival, downstream enterprises mainly digest rigid demand contracts and low orders, and their demand for spot goods is low. In addition, downstream enterprises gradually reduce production before the festival, and there is great uncertainty in returning to the market after the festival, which further weakens the demand for styrene.

3、 Future prospects

On the whole, there is no strong support point in the whole styrene market, and the supply is gradually recovering. The market is willing to replenish goods at falling prices for the holidays, and the current inventory levels of the upstream and downstream are at a low level. It is expected that styrene will be mainly sorted out in a weak shock next week, with the price of 6800-7000 yuan / ton. The market needs to pay close attention to the trend of crude oil price.

1、 Melamine price trend

(Figure: p-value curve of melamine products)

2、 Market analysis

According to the monitoring sample data of the business community, as of January 27, the average quotation price of melamine enterprises was 7033.33 yuan / ton, which was flat compared with the previous trading day, decreased by 3.21% compared with the beginning of the month, and increased by 23.39% year-on-year in a three-month cycle. Recently, the cost support is acceptable, and the manufacturers mainly carry out the early orders. As the terminal factories begin to enter the Spring Festival holiday, coupled with the impact of Limited Logistics and transportation, the demand is gradually weakening, the market trading atmosphere is general, and the market is mainly stable. At present, the mainstream price of melamine in Shandong is around 7000 yuan / ton, the mainstream price of melamine in Xinjiang is around 6300 yuan / ton, and the mainstream price of melamine in Sichuan is around 6800 yuan / ton. The quotation is for reference only, and the actual price shall prevail.

Upstream urea, January 27, Shandong urea market temporarily stable. The downstream demand is tightening as a whole. In agriculture, the price of urea is relatively high and the agricultural procurement is cautious. In industry, due to the impact of air pollution control in some areas, plate enterprises shut down, and compound fertilizer enterprises started with general load, so the demand for proper follow-up. On the supply side, the early maintenance units started in succession, and the output increased steadily.

According to the price monitoring of business community, on January 26, 2021, there were 18 kinds of commodities in the list of commodity price rise and fall in the chemical industry sector, including 1 commodity with a rise of more than 5%, accounting for 1.1% of the number of commodities monitored in the sector; the top 3 commodities with a rise were sulfuric acid (8.20%), hydrochloric acid (4.00%) and acetone (3.35%). There were 14 kinds of commodities that declined on a month on month basis, and the top three products were chloroform (- 4.41%), polyaluminum chloride (- 3.17%) and epichlorohydrin (- 3.07%). The average daily rise or fall was 0.06%.

3、 Future forecast

Melamine analysts of business news agency believe that the recent cost side has some support, but the demand side is weakening, and the market atmosphere is light. It is expected that the melamine market will be stable in the short term, and the specific trend needs more attention to the market information guidance.

1、 Price trend

According to the data of business news agency’s block list, the price of pure benzene went down this week. On January 17, the price of pure benzene was 4230-4650 yuan / ton (average price was 4506 yuan / ton); on this Sunday (January 24), the price of pure benzene was 4180-4650 yuan / ton (average price was 4490 yuan / ton), down 16 yuan / ton or 0.36% from last week.

2、 Analysis and comment

This week, Sinopec’s listed price of pure benzene was stable, at 4650 yuan / ton (4500 yuan / ton in parts of North China). During the week, although the news of crude oil and external market was good, the inventory of downstream raw materials was high, and the enthusiasm of stock preparation and purchase was not high; moreover, the spot price of domestic pure benzene fell due to the impact of the low price of northern hydrogenation benzene. On Monday, the total inventory of pure benzene in East China port was about 5000 tons lower than last week. News within the week Brunei Hengyi benzene plant failure, is expected to have a certain impact on later shipping.

In terms of external market, the external market price fluctuated and rose this week. On Friday (January 22), South Korea imported 655.67 US dollars / ton of pure benzene, up 6.34 US dollars / ton or 0.98% compared with January 15; East China imported 651.5 US dollars / ton, up 15.5 US dollars / ton or 2.44% compared with January 15.

In terms of crude oil, this week’s crude oil news guidance is weak, and the market hopes that the new US fiscal stimulus plan will be implemented. Compared with January 15, Brent rose by $0.705/barrel, or 1.29%; WTI fell by $0.15/barrel, or 0.29%.

Downstream: styrene: this week, styrene rose first and then fell, rising overall compared with last week. On Friday (January 22), the price of sample enterprises was 6816.67 yuan / ton, up 116.67 yuan / ton, or 1.74%, compared with last Friday; the price fell 5.76% compared with the same period last year. This week, the supply of imported styrene was obviously less, the accumulated storage of port was slow, the operation rate of domestic styrene rose, and the supply on site was good. On the downstream side, with the downstream plants entering the period of production reduction or shutdown, the demand for styrene tends to shrink. And according to market news, next week, the main port’s arrival volume is around 50000 tons, and the arrival volume is too much. If there is no closure and other accidents, the main port will accumulate again. It is expected that in the short term, the market will once again suppress the profit of styrene production, and styrene may adjust in a weak way

Aniline: some aniline plants have been put into operation at reduced load, market supply and demand are balanced, and aniline prices are mainly stabilized this week. On January 24, the price of aniline was 7800-7900 yuan / ton in Shandong and 8000-8100 yuan / ton in Nanjing.

3、 Future forecast

In terms of crude oil, there is more positive news in the crude oil market, and it is expected that the oil price will continue to fluctuate at a high level next week.

Affected by the public health events and the rain and snow weather in the north, many downstream units are expected to stop, and the demand for pure benzene is weakening. Downstream styrene is expected to continue to decline next week, pure benzene or drag with the fall. However, crude oil, high support outside the market, pure benzene is expected to decline little. Continue to pay attention to the situation of stock preparation and shutdown in the downstream before the festival, as well as the trend of crude oil, external market and styrene.

After the implementation of the “five consecutive rises” of domestic oil product price adjustment, refinery oil product prices rose slightly, but the rise of international crude oil prices was blocked, domestic demand for Spring Festival holidays was not expected to be good, and domestic oil product prices rebounded slightly. According to the monitoring data of business news agency, the price of gasoline on January 22 was 5809 yuan / ton, down 0.35% compared with the beginning of the week; the price of diesel on January 22 was 4817 yuan / ton, down 0.47% compared with the beginning of the week.

Recently, many media or countries have raised the international oil price forecast for 2021, but the IEA lowered the crude oil demand forecast for 2021. The EIA crude oil inventory increased by 4.351 million barrels, which hindered the rising trend of international oil price this week. WTI crude oil price fell by 0.29% and Brent crude oil price rose by 0.56%.

In terms of gasoline demand, the cold weather in winter increased the willingness of automobile travel, and the domestic refined oil price adjustment “five consecutive rises” was implemented, which enhanced the willingness of the terminal transaction of refined oil market. However, the upward trend of international oil price was blocked this week, and the domestic gasoline price was stable and slightly recovered. In terms of diesel demand, affected by the cold weather, the demand for outdoor diesel such as engineering, infrastructure and so on continued to decline However, the overall demand for diesel oil is on the decline. The price of domestic diesel oil market is down steadily

As of January 22, the average start-up load of daily decompression unit is about 74%, and the start-up load of refineries remains at a high level. The supply of domestic refined oil market will continue to maintain an adequate situation.

Lu Xingjun, product oil analyst of business society, believes that the upward trend of international crude oil prices is blocked. Affected by the epidemic situation, domestic demand is expected to cool during the Spring Festival holiday, and product oil prices are expected to continue to callback.

Price trend

According to the data monitoring of the business association, the market of acetic anhydride rose sharply this week. Affected by the shortage of acetic acid raw materials, the price of acetic acid rose sharply, and the price of acetic anhydride rose with it. As of January 22, the price of acetic anhydride was 8100.00 yuan / ton, up 11.21% from 7283.33 yuan / ton at the end of last week.

Acetic acid price trend

As can be seen from the price trend chart of acetic acid, the price of acetic acid rose sharply this week, the cost of acetic acid, the raw material of acetic anhydride, rose, and the driving force of acetic anhydride rise increased. In recent years, acetic acid enterprises stop to reduce the load more, the operating rate of acetic acid is low, the supply of acetic acid is insufficient, the shortage of acetic acid is increasing, the rising power of acetic acid is increasing, and the rising power of acetic anhydride is increasing.

Market summary and future forecast

Bai Jiaxin, acetic anhydride data analyst of business society, believes that due to the impact of the decline in the start-up of acetic acid enterprises, the supply of acetic acid is reduced, and the shortage of acetic acid is serious. This week, the price of acetic acid skyrocketed, the cost of raw materials for acetic anhydride skyrocketed, the price of acetic anhydride skyrocketed, and the driving force for the rise of acetic anhydride increased. At the end of the year, the downstream customers of acetic anhydride started work at a low level, and most of them focused on the production of raw materials in stock, and the downstream purchasing enthusiasm was general. Generally speaking, the future acetic anhydride rise momentum is larger, acetic anhydride market rise is the main, but downstream customers are more resistant to high price acetic anhydride, acetic anhydride rise space is limited.

Price trend

According to the data monitoring of the business association, the acetic anhydride market first fell and then rose in January. Affected by the price changes of raw materials, the acetic anhydride price first fell and then rose. As of January 18, the price of acetic anhydride was 7366.67 yuan / ton, a slight decrease of 0.45% compared with 7400.00 yuan / ton at the beginning of the month, and a rise of 2.31% compared with 7200.00 yuan / ton on January 10.

Acetic acid price trend

As can be seen from the price trend chart of acetic acid, the price of acetic acid fluctuated and fell in January, and the acetic acid market remained stable in the middle of January. The price of acetic acid is stable, the cost of raw materials for acetic anhydride is stable, the downward pressure of acetic anhydride is weakened, and the upward momentum still exists. In recent years, acetic acid enterprises stop to reduce the load more, the operating rate of acetic acid is low, the rising power of acetic acid is increased, and the rising power of acetic anhydride is increased in the future.

Methanol price trend

It can be seen from the methanol price trend chart that in January, the methanol price first fell and then rose, the raw material price of acetic anhydride rose, the cost of acetic anhydride rose, and the driving force of acetic anhydride rise increased.

Market summary and future forecast

Bai Jiaxin, an acetic anhydride data analyst at business news agency, believes that the price of acetic acid and methanol rebounded from the bottom in January, the raw material cost of acetic anhydride rose, and the driving force of acetic anhydride rise increased. In recent years, the start-up of acetic acid enterprises is low, the shortage of acetic acid is increasing, and the price of acetic acid is increasing. Generally speaking, the raw material cost of acetic anhydride increases, and the driving force of acetic anhydride’s future rise increases. Acetic anhydride market is expected to rise in the future.