1、 Price trend

According to the data of business agency, the average price of n-butanol as of May 22 was 5666 yuan / ton (including tax), up 180 yuan / ton or 3.34% compared with the reference price of 5483 yuan / ton on May 15 last Friday.

2、 Market analysis

Products: from the beginning of this week, the domestic n-butanol market has a good overall trend, the downstream butyl starts to increase, the demand for n-butanol increases, the market low price goods source is not many, the overall market turnover is stable, in the middle of this week, the raw material propylene price is steadily rising, the cost support is strong, the upstream factory inventory is low, the market turnover is gradually improving, some factory quotations are increased, at the end of this week, we heard from the West The restart time of North n-butanol unit was delayed, and confidence in the downstream was boosted. In addition, the price of raw propylene continued to rise over the weekend, and the cost continued to be strongly supported. The overall market price rose. By the end of 22 days, the market transaction was stable. The ex factory quotation of Shandong lihuayi n-butanol was 5600 yuan / ton, and 150 yuan / ton was increased in the week. At present, Luxi Chemical Co., Ltd. is under normal operation, with tight n-butanol inventory. The ex factory quotation is 5700 yuan / ton, up 200 yuan / ton in a week; Wanhua Chemical Co., Ltd. is 5700 yuan / ton, up 200 yuan / ton in a week in North China; 5950 yuan / ton, up 200 yuan / ton in East China; 5900 yuan / ton, up 100 yuan / ton in a week in South China.

Industrial chain: on May 21, the market price of propylene in Shandong still rose. Last month, the price of propylene in Shandong Province rose sharply and fell sharply, and then it held steady again, and the market was stable. During the May 1st period, the price of propylene slightly increased by about 50 yuan / ton. On the 6th day, the price increased by 100 yuan / ton again. On the 7th, 8th and 9th day, the price increased by 50 yuan / ton continuously. On the 10th day, some enterprises continued to increase by 50 yuan / ton. On the 11th day, the price increased by 50 yuan / ton again. On the 12th day, it increased by 100-200 yuan / ton obviously. On the 13th day, it continued to increase by 100-200 yuan / ton. On the 14th day, it increased by 50-100 yuan / ton again. On the 15th day, it still increased by 50-100 yuan / ton on weekends The upward trend remained unchanged until 21 days, with a daily upward trend of 50-100 yuan / ton. Today, the upward trend is 50 yuan / ton again. Now, the market transaction has reached 6950-7200 yuan / ton, and the mainstream price is about 6950 yuan / ton.

3、 Future forecast

According to the analysts of business agency butanol, in the short term, it is expected that the overall domestic butanol market will continue to operate at a high and stable level.

1、 Price trend

According to the data of the large scale list of business agencies, the market price of cryolite is weak and stable this week, and the average market price in Henan is five thousand and five hundred Yuan / ton, stable compared with last weekend, down compared with last year 13.61% 。。

2、 Market analysis

Products: according to statistics, the price trend of cryolite in this week is stable. As of the 15th, the ex factory quotation of cryolite in Shandong is about 5000-6800 yuan / ton; the ex factory quotation of cryolite in Henan is 4500-6000 yuan / ton. At present, the quotation of cryolite enterprises in Henan Province is relatively low, and most of the manufacturers sell according to the order, and the transaction is fair. Affected by the environmental protection policy, the upstream raw materials are in short supply, and the demand for cryolite enterprises affected by the health events in the early stage has not been fully recovered. Downstream users purchase on demand. At present, cryolite market remains weak and stable.

Industry chain: the upstream fluorite price trend is stable this week, and the average domestic market price at the weekend is two thousand five hundred and seventy-seven point seven eight Yuan / ton. In the near future, the operation rate of domestic fluorite plant is relatively high, the supply of fluorite in the site is increased, and the supply of downstream goods is sufficient. In addition, the price of hydrofluoric acid Market and refrigerant industry has declined recently, and the demand for fluorite is weakened. It is expected that the fluorite market will be weak in the later stage. In terms of downstream electrolytic aluminum, due to the rapid decline of domestic electrolytic aluminum inventory and the tense situation of spot, the domestic electrolytic aluminum spot price was pushed up in the early stage. At present, the national health events have been effectively controlled, and the pent up consumption demand has been released gradually, but it is still in the stage of restorative consumption, and the market may fluctuate upward in the later stage.

3、 Future forecast

According to the cryolite product analyst of the business association: in terms of the supply and demand performance of the cryolite market, the manufacturers start normal operation and have sufficient inventory, but the downstream demand recovers slowly, and the transactions are mostly purchased on demand. In this week, the quotation adjustment of the enterprises is not big. In the later stage, the cryolite market may be weak and stable, with specific attention to the market demand.

1、 Price trend

This week, Shandong’s civil gas market mainly fell. On May 10, the average price of liquefied gas (Shandong) market was 3033.33 yuan / ton, and on May 15, the average price was 2900.00 yuan / ton, with a weekly decline of 4.40%. The price was 33.33% lower than the same period last year.

2、 Analysis of influencing factors

Price: the price of liquefied gas in the civil market is down this week. As of May 15, the export price of Jilin Petrochemical liquefied gas is 2600 yuan / ton, Guangzhou Petrochemical liquefied gas is 2610 yuan / ton, Jingmen Petrochemical liquefied gas is 2750 yuan / ton, Shanghai Petrochemical liquefied gas is 2900 yuan / ton, Gaoqiao Petrochemical liquefied gas is 2900 yuan / ton, Qingdao Petrochemical liquefied gas is 2800 yuan / ton, Shandong Jincheng Petrochemical liquefied gas is 2900 yuan / ton/ Tons, the factory price of Shijiazhuang refined liquefied gas is 2700 yuan / ton. The factory price of Luoyang Petrochemical LPG is 2750 yuan / ton.

Market: after May Day holiday, CP soared, and crude oil rose, driving the price of liquefied gas up. But the market was too short, and then prices fell. At present, the benefits brought by crude oil to the market are limited. With the completion of replenishment after the downstream holiday, the main consumption of inventory has been withdrawn from the market. The market transaction atmosphere has become weaker than that in the earlier stage, the manufacturer’s shipment has been blocked, and the inventory has gradually increased. At present, the market supply is sufficient, but affected by seasonal factors, the weather is gradually warming, the terminal demand is reduced, and the liquefied gas market is about to usher in the traditional demand off-season. The long replenishment cycle in the lower reaches leads to the imbalance of market supply and demand, and the decline of LPG civil market is the main reason.

Industry: according to the price monitoring of the business association, in the 19th week of 2020 (5.11-5.15), there are 7 kinds of commodities rising month on month in the energy sector, including 1 kind of commodity rising by more than 5%, accounting for 6.3% of the number of commodities monitored in the sector; the top three commodities are WTI crude oil (6.53%), petroleum coke (3.23%) and power coal (2.97%). There are 8 kinds of commodities falling on a month on month basis, and the top 3 products falling are liquefied natural gas (- 3.96%), liquefied gas (- 3.33%) and coking coal (- 3.24%). This week’s average was – 0.31%.

3、 Future forecast

At present, crude oil has limited advantages, the downstream mentality is cautious, the enthusiasm for entering the market is general, the manufacturer’s shipment is blocked, and the inventory is increasing. In the later stage, affected by seasonal factors, with the gradual increase of weather and temperature, the terminal demand decreases, the downstream replenishment cycle lengthens, and the liquefied gas enters into the traditional off-season of sales, which is expected to be dominated by short-term or weak consolidation.

1、 Price trend

According to the data of the business club’s bulk list, this week (5.11-15), the domestic adipic acid market did not change much, and some regions rebounded slightly, but the strength was limited. The data monitored by the business club showed that the weekly increase of adipic acid in East China was 0.92%, the market demand was weak, and the supply pressure was still there. Some dealers’ quotations rose and fell within 100 yuan. Most manufacturers were still bearish on the aftermarket and light on inventory and transportation Main, according to the monitoring of the business agency, the current quotation range of adipic acid market is 6500-6700 yuan / ton.

2、 Market analysis

From the perspective of market supply, the process of de stocking is relatively slow, the manufacturer’s inventory pressure is still large, and the supply pressure has not been significantly eased, mainly because the manufacturer still maintains a high rate of start-up. Although most dealers have returned to normal shipment, they still haven’t reached the pre epidemic delivery level. At present, there is a trend of both enterprise inventory and market inventory. In terms of cost, although from the beginning of May to now, pure benzene has rebounded significantly, and the monitoring of the business community shows that the growth rate of pure benzene is over 9%, but it has not brought fundamental benefits to adipic acid. On the one hand, the delay of cost transmission, on the other hand, the sharp decline of pure benzene in the early stage, the decline of adipic acid has not fully kept up with the decline of pure benzene, so at present, adipic acid has not rebounded There is still some profit space, so adipic acid is also more resistant to falling than the upstream pure benzene, but the source is still the demand side:

From the perspective of terminal demand, the low consumption is the key factor that has long plagued the adipic acid market. The operating rate of downstream factories has not been significantly improved, and plastic products are still in the off-season of consumption, which is difficult to boost the market. In particular, the operating rate of downstream real estate is generally lower than that of the same period last year, and the sales of polyurethane and other thermal insulation materials are also lower than that of the same period last year. In addition, there are no downstream products such as PA66 Out of the dilemma, the price is still at a low level, which eventually leads to the unsatisfactory situation of adipic acid shipment, difficult to digest inventory, many manufacturers’ inventory pressure, dealers generally go with the market and purchase on demand. In addition, in addition to the weak domestic demand, the external demand has also worsened, especially affected by the overseas epidemic, the external demand has decreased, and the pressure on adipic acid export has continued to increase, which does not rule out the possibility that the inventory will continue to rise in the later period.

3、 Future forecast

In the later stage, the business agency predicted that the whole chemical industry is still in a difficult time. The contradiction between supply and demand overlaps, the price is easy to fall and hard to rise. Affected by the lack of demand in the domestic market, especially the overseas epidemic situation has not been effectively controlled, the foreign orders are shrinking sharply, and the adipic acid export is ready to be hit. At present, the adipic acid is in a difficult situation both at home and abroad. In a comprehensive consideration, the adipic acid should remain in a downturn in the near future Situation.

1、 Price data:

According to the data monitoring of the business club’s bulk list, the domestic bromine market has been running steadily this week, with the quotation of enterprises maintained at about 30111 yuan / ton in the week, down 13.97% from the same period last year.

2、 Cause analysis

Products: at present, domestic bromine production enterprises have been operating at 50-60% of the total. Shandong brine manufacturers have normal production. North China Sea Water bromine manufacturing enterprises have gradually increased production with the rising temperature. The spot supply of the market is stable. The market demand for flame retardants in the downstream main industries is soft, and the purchase is just needed. The bromine price support is insufficient. At present, the mainstream bromine enterprises offer about 29500-30000 yuan / ton.

Industry chain: the upstream market of bromine is different this week, among which the sulfur market is stable and strong, at present it is about 513 yuan / ton; the sulfuric acid market continues to decline, down 1.57% in the week, at present it is about 312 yuan / ton; the caustic soda market is down 3.59% in the week, at present it is about 470 yuan / ton; the soda market is down 4.66%, at present it is about 1363 yuan / ton. Bromine is mainly purchased by the downstream flame retardant market, with a general buying atmosphere in the industry. Pharmaceutical and pesticide intermediates and other industries have started flat, and the overall rigid demand is relatively soft.

3、 Future forecast

According to the bromine industry analysts of business association, at present, the supply and demand of bromine market in China is stable, and the inventory of some enterprises is beginning to rise. Affected by the epidemic situation, the arrival of imported bromine has declined to some extent, which is good for the price support of domestic bromine, and it is expected that the domestic bromine market will maintain stable operation in a short time.

According to the monitoring of business agency, the price of domestic phthalic anhydride rose sharply this week. As of the end of the week, the price of phthalic anhydride by ortho phthalic method was 5037.5 yuan / ton, up 7.47% from 4687.5 yuan / ton at the beginning of the week, down 21.08% year on year. Recently, the market price of phthalic anhydride rebounded and increased.

In recent years, the price of domestic phthalic anhydride market rebounded and rose. Supported by the rising crude oil price, the price of some downstream petrochemical products rebounded and rose. The market price of phthalic anhydride is no exception. In recent years, the market price of phthalic anhydride has gone up. The operation of domestic phthalic anhydride manufacturers is normal, the operating rate of phthalic anhydride in the site is more than 60%, the spot supply of domestic phthalic anhydride is normal, the procurement of downstream plasticizer industry is better than before, the delivery market of phthalic anhydride manufacturers is better, and the market price of phthalic anhydride rebounds. As of September 9, the market price of phthalic anhydride in East China has increased slightly, but the high-end transactions in the market have been blocked. The main flow of negotiation between neighboring French sources in East China is 4900-5200 yuan / ton, and that between naphthalene and naphthalene is 4500-4700 yuan / ton. The main flow of quotation in the phthalic anhydride market in North China is 4900-5200 yuan / ton, and the wait-and-see mentality in the phthalic anhydride market is still strong, the market is slightly improved, and the phthalic anhydride price rebounds Rise.

In terms of the industrial chain, the price trend of o-benzene and DOP monitored by the business association is as follows:

It can be seen from the above trend chart that the price trend of upstream orthobenzene is fluctuating. In the near future, the price of CNPC’s orthobenzene is maintained at 4000 yuan / ton. The price of imported orthobenzene in port area is fluctuating and rising, and the price is stable. In the near future, the price of port orthobenzene is general, and the price of external orthobenzene is rising. The actual transaction price is subject to negotiation. The detailed negotiation shows that the price of imported orthobenzene in port area is getting warmer, and the transaction on site is rare , the price of o-benzene slightly increased, the price fluctuation of upstream raw materials brought some good support, and the market price of phthalic anhydride was affected.

By the end of the week, the average price of domestic DOP market was 6566.67 yuan / ton. DOP enterprises operated at low load and DOP manufacturers sold stocks. DOP prices rose, PVC enterprises started normal equipment, customer procurement enthusiasm temporarily stable. The price of plasticizer is rising. The market price of DOP is about 6600-6900 yuan / ton. The market price of plasticizer is generally active, high-speed charges are increased, and logistics and transportation costs are increased. Influenced by the rise of crude oil price, the market price trend of phthalic anhydride is rising.

On the whole, crude oil price will maintain good support in the short term, with price shocks as the main factor. Domestic petrochemical product price will rise slightly affected by this. Business analysts believe that the market price of phthalic anhydride will still rise slightly in the short term.

1. Trade name: silicon metal (441 #)

2. Latest price (May 7, 2020): 11058.33 yuan / ton

The price of 441 × silicon in each region is as follows:

The price range of metal silicon in Fujian area is 10600-10700 yuan / ton, that in Sichuan area is 10900-11000 yuan / ton, that in Kunming area is 10800-10900 yuan / ton, that in Shanghai area is 11500-11700 yuan / ton, that in Tianjin port is 11100-11200 yuan / ton, that in Huangpu port is 11100-11200 yuan / ton 。

3. Analysis points:

There is no significant increase in the production of silicon in Southwest China. Influenced by cost factors, the enthusiasm of silicon plants in Liangshan, Ya’an and other regions to resume production is not high, and it is expected to improve in the wet season in June. Recently, affected by the rising freight, the freight rates of raw materials and finished products have been increased, and the manufacturers’ willingness to hold up the price has been increased. Before and after the holidays, silicon prices stopped falling and stabilized, rising slightly.

4. Future forecast: at present, there is not much trading and short-term stable operation of silicon metal.

Commodity index: on April 29, the BPI of commodity price index was 710 points, down 1 point from yesterday, 30.32% from the highest point 1019 (2012-04-10), and 7.58% higher than the lowest point 660 on February 3, 2016. (Note: cycle refers to 2019-04-01 till now)

Price quotation: according to the monitoring data of business agency (100ppi. Com), polyacrylamide (cation, molecular weight 12 million), the market mainstream price on April 2, 2020 is about 15090 yuan / ton, and the market mainstream price on April 30 is about 14820 yuan / ton, 1.19% lower than the price on the second day.

Industrial chain:

Upstream: from January to March 2020, the mainstream price of acrylonitrile in the domestic market continued to decrease. At the beginning of January, the quotation was about 11200 yuan / ton, which was reduced by 100 yuan / ton for many times; in the middle of the year, the quotation continued to decline slightly, which was reduced by 50 yuan / ton to 10650 yuan / ton for three times; by the end of the decade, the decline had been about 4000 yuan / ton, with a fluctuation of about 20%; on February 21, the mainstream price was about 9500 yuan / ton, decreased by 200 yuan / ton on 24, decreased by 300 yuan / ton on 27, and decreased by 150 yuan / ton to 8850 yuan / ton on 28 , 1750-1800 yuan / ton lower than before, about 17% lower than before; in March, acrylonitrile continued to decrease, with a range of 1000 yuan / ton. In April, the price of acrylonitrile first fell and then stabilized. On the first day, the quotation was 7450 yuan / ton, with a decrease of over 17.9% in the first ten days and 1400 yuan / ton. On the 14th day in the middle of the year, the price rose by about 250 yuan / ton and was 6650 yuan / ton. Then, the price fell by about 250 yuan / ton in succession, to 6350 yuan / ton, and finally stabilized. In the last ten days, the quotation was relatively stable. Downstream: at present, it is difficult for downstream water treatment engineering construction enterprises to survive, some demand enterprises have been shut down, and the demand for raw materials is not good, which makes the business of polyacrylamide manufacturers more difficult than in previous years.

Manufacturer: return to work and production is in good condition, inventory is being consumed in succession, current downstream demand is limited, and raw material cost has been reduced. At present, the main specifications of Polyacrylamide in Henan Province are as follows: cation: molecular weight 12 million; quotation 14000-15000 yuan / ton; anion: molecular weight 10 million; quotation 8000-9000 yuan / ton; quotation 8800-9500 yuan / ton; quotation 9400-10000 yuan / ton; quotation 9800-10500 yuan / ton; quotation 18 million yuan / ton; quotation 8800-9500 yuan / ton; quotation 14 million yuan / ton; quotation 16 million yuan / ton Price: 10400-11000 yuan / ton; molecular weight: 18-20 million yuan / ton; price: 12000-12500 yuan / ton; price: 12000-13000 yuan / ton.

Industry: during the Spring Festival holiday in January 2020 to February 20, the relevant enterprises in the main production area stop production and delay to return to work. After February 20, the manufacturers in the main production area returned to work, and the logistics returned to normal in March, mainly consuming inventory. In April, the manufacturer’s survival was normal, the partial reduction of raw material cost and the weak demand led to the high inventory of the manufacturer; the latest notice said that the national high-speed will resume charging on May 6, and the ex factory price of polyacrylamide may be increased.

Future market forecast: according to the analysis of business community, the price of upstream raw material acrylonitrile will stabilize after the price is nearly 2000 yuan / ton this month, the current demand for polyacrylamide is still weak, and the manufacturer’s delivery price will be slightly reduced. In the future, with the recovery of high-speed charging and the stop of raw materials falling, the downward trend of polyacrylic acid is unlikely, and the larger probability is stable, medium and small upward trend. Limited by demand, the possibility of large upward trend is unlikely.

1、 Price trend

Market analysis of potash products

According to the data monitored by the business agency, the average factory price of light potash in China this week is 6325.00 yuan / ton, including tax, which is stable. The current price is 7.50% lower than last year.

2、 Analysis of influencing factors

Product: this week, the market of potash remained stable, the production of domestic potash chloride in the upstream raw material was normal, the large factory still maintained the early policy of keeping the bottom, and the actual transactions in each region were discussed. There is no supporting role for the price of potash. This week, the market of potash is weak and downward. Generally speaking, the trading atmosphere of potash market is general, the actual trading volume of the market is relatively general, the downstream purchase volume is on the low side for a small amount of replenishment, and the domestic market of potash is volatile and consolidated. According to the statistics of the business agency, the main quotation range of domestic industrial grade potassium carbonate this week is about 6100-6500 yuan / ton (the quotation is only for reference), and the quotation varies according to the purchase situation.

3、 Future forecast

According to potash analysts of the business association, the domestic potash market has maintained a stable situation in the near future, and it is expected that the price of potash will be dominated by weak consolidation in the short term, while the long-term market still needs to wait and see. (the above prices are provided by the major potassium nitrate manufacturers all over the country and analyzed by the potassium carbonate analyst of the business association, for reference only. For more details, please contact the relevant manufacturers for consultation).

1、 Price trend

According to the data of the business club’s large scale list, the domestic xylene market price fell this week and was revised back. As of Friday, the domestic average price was about 3450 yuan / ton, down 7.0% on last week.

2、 Analysis and comment

1. Product: due to the oversupply of international crude oil and the near saturation of storage capacity, the price of oil this week plummeted to the bottom again. For the first time in the contract delivery history of WTI in May, the price of domestic toluene fell this week. At present, the mainstream price in East China is about 3550 yuan / ton.

2. Industrial chain:

Upstream, in terms of crude oil, short-term international crude oil oversupply and storage capacity close to saturation led to another sharp drop in oil prices this week, and WTI fell to a negative range for the first time in the history of contract delivery in May. As of early Friday morning, spot Brent fell 19.09%, Brent futures fell 20.44%, WTI futures fell 34.08% and Dubai futures fell 12.09%.

Downstream, in PX market, this week, the price of domestic Sinopec’s enterprises was about 4300 yuan / ton, and the latest price on the external market was about 445 US dollars / ton for FOB South Korea and 463 US dollars / ton for CFR China. It is expected that the market price of PX will maintain a stable trend in the short term. In terms of PTA market, the price of domestic PTA spot market is about 3200 yuan / ton, and the price of external market is about 406 US dollars / ton CFR China. It is expected that the PTA price trend will be stable next week. In the ox market, Sinopec’s offer of o-benzene is stable, with a price of 4200 yuan / ton. The external price of o-benzene is about 440 US dollars / ton FOB South Korea. It is expected that the price of o-benzene will be stable next week.

3、 Future forecast

According to xylene analyst of business and chemical branch, in the short term, in terms of supply cost, Saudi Arabia and Algeria, the main oil producers of OPEC, said that they began to reduce production before the target date of May 1, and the situation in the US and Iran is tightening, which is favorable for oil price, while the international crude oil supply exceeds the demand, which is negative for oil trend. In the medium term, we can see the demand side, the inflection point of overseas epidemic and the progress of economic restart. Next week, we will focus on the impact of the US Iraq situation on the crude oil market, the trend of international crude oil and the progress of the resumption of construction of domestic downstream enterprises. Overall, it is expected that xylene prices in the domestic market next week will depend on the trend of crude oil.