Recent price trend of sulfuric acid

As can be seen from the above figure, the domestic sulfuric acid market price first rose and then fell this week. The sulfuric acid price first rose from 1141.67 yuan / ton on May 7 to 1190.00 yuan / ton on May 10, up 4.23%, and then fell to 1092.00 yuan / ton, down 8.24%, up 76.13% year-on-year compared with the same period last year. On May 12, the sulfuric acid commodity index was 169.96, unchanged from yesterday, down 9.63% from the highest point of 188.07 in the cycle (2022-04-13), and up 439.21% from the lowest point of 31.52 on June 6, 2019. (Note: the period refers to the period from September 1, 2011 to now)

The upstream cost support is strong and the downstream purchasing enthusiasm is weakened

Judging from the manufacturer’s quotation, the price of domestic mainstream sulfuric acid manufacturers fell slightly this week, the manufacturer’s inventory is general, and the downstream demand is weakened. Heze Jiangyuan sulfuric acid quoted 1100 yuan / ton this weekend, which fell 440 yuan / ton compared with last weekend; Zouping Tianlu sulfuric acid is quoted at 1000 yuan / ton this weekend, which is temporarily stable compared with last weekend; Changzhou Qinghong sulfuric acid quoted 1150 yuan / ton this weekend, which was temporarily stable compared with last weekend; Changzhou Changjiang sulfuric acid quoted 1150 yuan / ton this weekend, which was temporarily stable compared with last weekend; Xiangcheng San’an sulfuric acid is quoted at 1050 yuan / ton this weekend, which is temporarily stable compared with last weekend.

From the weekend, the price of sulfur industry rose by 383.53% year-on-year from the upstream / downstream market, which continued to rise by 33.53% over the same period last year. The downstream hydrofluoric acid market was consolidated at a high level, with the price of 11720.00 yuan / ton, up 11.62% year-on-year compared with the same period last year. The downstream titanium dioxide market fell slightly, and the price fell from 21033.33 yuan / ton last weekend to 20950.00 yuan / ton this weekend, down 0.40%, down 2.86% year-on-year compared with the same period last year. The downstream market fell slightly, and the downstream products had a negative impact on the price of sulfuric acid.

The market outlook fell slightly

In mid May, the domestic sulfuric acid market may fluctuate and fall slightly. The upstream sulfur market has gradually risen recently, and the cost support is good. The downstream hydrofluoric acid market was consolidated at a high level, the downstream titanium dioxide market fell slightly, the downstream customers’ enthusiasm for purchasing sulfuric acid weakened, and the product trend declined 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 the domestic sulfuric acid Market in the short term, the market price of sulfuric acid may fluctuate and fall slightly.

According to the data monitored by the business agency, the average ex factory tax price of Shanxi light potassium carbonate at the beginning of the week was 9416.67 yuan / ton, and the average ex factory tax price of Shanxi light potassium carbonate at the end of the week was 9500.00 yuan / ton, an increase of 0.88%, the current price rose by 3.86% month on month, and the current price rose by 40.74% year-on-year.

Potassium carbonate

The price of potassium carbonate rose sharply this week. As can be seen from the figure above, the potassium carbonate market has been rising continuously recently, and the market has reached a new high this week. The volume of imported potassium by sea this week was not sufficient, and the port inventory continued to decline. The shortage of raw materials drives the rise of potassium carbonate market. According to the statistics of business agency, the mainstream factory quotation range of domestic industrial grade potassium carbonate this week is about 9500-9600 yuan / ton (the quotation is for reference only). The quotation is different according to different procurement conditions.

Recently, the domestic market price of imported potassium chloride has increased slightly. At present, the price of 62% white potassium in the port is about 5200-5300 yuan / ton; The price of 60% Dahong granules in the port has been raised by about 5000-5100 yuan / ton. 62% Russian White potassium in border trade is about 4800-4900 yuan / ton. The arrival price of potassium chloride in domestic salt lakes is about 4400-4900 yuan / ton.

In the near future, the supply of potash fertilizer in China is in short supply. The market expects that the price of potassium carbonate will mainly rise in the short term, and the long-term market still needs to wait and see. (the above prices are provided by major manufacturers of potassium nitrate all over the country and sorted and analyzed by potassium carbonate analysts of business society. They are for reference only. Please contact relevant manufacturers for more price details).

After the May Day holiday, the domestic liquefied gas market rose as a whole, and the civil gas market in Shandong fluctuated and rose, with prices mostly around 6400 yuan / ton. According to the data monitoring of business agency, the average price of liquefied gas in Shandong civil market was 6340.00 yuan / ton on May 1 and 6470.00 yuan / ton on May 7, with an increase of 2.05% and 52.83% compared with the same period last year.

As of May 7, the mainstream prices of liquefied gas in various regions of China are as follows:

Region., Mainstream quotation

North China., 6000-6400 yuan / ton

South China., 6390-6600 yuan / ton

Northeast China., 5750-5900 yuan / ton

Shandong Province., 6380-6600 yuan / ton

After May Day, the domestic liquefied gas market trend is strong, and most of the prices are dominated by the behavior. During the May Day holiday, the international crude oil rose significantly, which brought obvious support to the market in terms of cost, and the liquefied gas market increased during the holidays. After the festival, there is a certain replenishment demand in the downstream, with good enthusiasm for entering the market and mild market transaction atmosphere. In addition, there is little pressure on the supply of Shandong civil gas market, the manufacturers ship smoothly, have a strong attitude and raise the price. However, there are still negative factors in the current market. With the end of replenishment after the festival, the downstream has withdrawn from the market and consumed inventory. The market transaction atmosphere has weakened compared with that in the early stage. In addition, the weak terminal demand has brought obvious restraint to the market.

After the festival, the LPG futures market rose first and then fell, which brought limited support to the spot market. On May 6, the opening price of LPG futures contract 2206 was 6285, the highest price was 6340, the lowest price was 6120, the closing price was 6182, the former settlement price was 6257, the settlement price was 6226, down 75, the trading volume was 136144, the position was 57610, and the daily position was increased by – 624. (quotation unit: yuan / ton)

At present, the international crude oil continues to rise, and the news is good for the market mentality, but the overall trading atmosphere of the market is limited. As the weather continues to warm after the festival, the terminal demand is weak. After the downstream replenishment after the festival, they withdraw from the market one after another to consume inventory, but the supply pressure of Shandong market is not large, which brings some support to the market. It is expected that the market price of Shandong civil gas may weaken in the short term, and the range may be limited.

1、 Price trend

According to the bulk list data of business society, toluene rose continuously this week. On April 29, the price was 7360 yuan / ton; On Friday (May 6), the price was 7460 yuan / ton, up 1.36% from last week; Compared with the same period last year, it increased by 29.12%.

2、 Analysis and comment

Crude oil rose continuously, gasoline was consumed to a certain extent during the festival, and the downstream air was filled after the festival. In addition, the main refineries raised prices continuously, and the toluene market actively followed up.

In terms of external market, the price of toluene in Asia rose this week. On Friday (May 6), the price of toluene imported from South Korea was US $1059 / ton, a year-on-year increase of US $25 / ton, or 2.42%.

Crude oil rose broadly this week. The European Union plans to gradually stop Russian oil imports, the market has intensified concerns about tight crude oil supply, and international oil prices have risen continuously. As of May 6, Brent rose $3.05 / barrel, or 2.79%; WTI rose $5.08/barrel, or 4.85%.

Downstream: in terms of TDI, TDI in East China continued to decline this week. The price was 17775 yuan / ton on April 29 and 17550 yuan / ton on May 6, down 1.27% from last week and up 14.46% from the same period last year.

In the PX market, the domestic PX price was stable this week. On Friday (May 6), the domestic ex factory price of p-xylene was 8900 yuan / ton, which was flat compared with last week and increased by 39.06% compared with the same period last year. On May 6, the closing price of p-xylene market in Asia was USD 1180 / T FOB Korea and USD 1198 / T CFR China.

In terms of gasoline, gasoline in Shandong rose slightly this week. The price was 8819.8 yuan / ton on April 229 and 8907.4 yuan / ton on May 6, up 0.99% from last week and 18.03% from the same period last year. The rise in crude oil prices, coupled with the increase in on-site demand, led to a rise in the gasoline market.

3、 Future forecast

In terms of crude oil, the situation in Russia and Ukraine is full of uncertainty, and the fear of tightening oil supply remains unabated. However, high oil prices are bad for the economy and demand, rising inflation or restraining the rise of oil prices, and there is still a risk of violent fluctuations in short-term crude oil. Continue to pay attention to the impact of geopolitical situation, OPEC + decision on crude oil production, US crude oil and refined oil storage dynamics, global economic conditions and other factors on crude oil prices.

The trend of crude oil is strong and the cost side is well supported. The favorable gasoline market lacks sustainability, the downstream chemical industry mainly maintains rigid demand, and the logistics and transportation have not been fully recovered, and the demand for toluene is still weak. Overall, toluene support still exists, waiting for demand to recover. Pay attention to the market trend of crude oil and gasoline, and the impact of the dynamics and demand of toluene and downstream devices on the price of toluene.

The price of acetic anhydride rose sharply after the festival

According to the data monitoring of business society, the price of acetic anhydride rose sharply after the festival, and the acetic anhydride market recovered. As of May 9, the price of acetic anhydride was 8525.00 yuan / ton, up 14.62% from 7437.50 yuan / ton on May 1 at the beginning of the month. The price of acetic anhydride of some manufacturers wants to break the 9000 yuan mark, up nearly 2000 yuan / ton.

The price of raw material acetic acid fluctuated and rose

It can be seen from the correlation statistics of business society that the correlation coefficient between acetic anhydride and acetic acid from May 2021 to April 2022 is 0.958, and acetic anhydride and acetic acid are highly positively correlated. It can be seen from the price trend chart of acetic acid in business society that the price of acetic acid rose sharply after the festival, and the price of acetic acid rose by 10.09%. After the festival, some acetic acid enterprises stopped production and maintenance, the operating rate of acetic acid enterprises decreased, the supply of acetic acid decreased, the driving force for the rise of acetic acid increased, the cost of acetic anhydride increased, and the driving force for the rise of acetic anhydride increased.

The price of raw material methanol stopped falling and recovered

As can be seen from the methanol price trend chart of business society, the methanol price stopped falling and recovered after the festival, and the overall methanol price rose. As of May 9, the methanol price was 2750 yuan / ton, up 0.18% from 2745 yuan / ton on May 1 at the beginning of the month. After the festival, the methanol price fluctuated and rose, and the methanol market recovered. After the festival, the price of methanol stopped falling, the cost of acetic anhydride increased, the downward pressure of acetic anhydride remained, and the upward momentum increased.

Outlook

Analysts of acetic anhydride data of business society believe that the decline of raw material methanol has stopped, the price of acetic acid has risen sharply, and the cost of acetic anhydride has risen; After the festival, the shutdown and maintenance of acetic acid enterprises increased, the supply of acetic acid decreased, and the rising power of acetic acid increased; The price of acetic anhydride raw materials increases, the cost of acetic anhydride rises, and the driving force of acetic anhydride rise increases. Generally speaking, the price of acetic anhydride raw materials will rise in the future, and the price of acetic anhydride is expected to rise in the future.

According to the monitoring data of the business agency, as of May 6, 2022, the average ex factory price of butanone in the domestic market was 13666 yuan / ton. Compared with May 1 (the ex factory price of butanone was 13800 yuan / ton), the average price was reduced by 134 yuan / ton, a decrease of 0.97%. Compared with April 1 (the ex factory price of butanone refers to 14933 yuan / ton), the average price was reduced by 1267 yuan / ton, a decrease of 8.48%.

It can be seen from the data monitoring chart of business society that in April, the domestic butanone market fell as a whole. Under the influence of insufficient demand and logistics factors, the transmission of butanone supply and demand was slow, and the market ran all the way down. In May, during the Labor Day holiday, the domestic butanone market was calm, and the market was mainly sorted and operated. After the festival, the boost of domestic demand in the downstream of butanone was not obvious. On the 5th, the quotation of some butanone factories was adjusted downward, with an adjustment range of 200-300 yuan per ton. The holders of butanone in South China were not willing to lower their prices, and the quotation was mainly multidimensional and stable. On the 6th, the overall butanone market fell slightly again, and the domestic ex factory price of butanone was around 13300-13600 yuan / ton. At present, the trading atmosphere of butanone on the floor is general, the downstream wait-and-see mood is heavy, and the overall transaction of new orders is flat.

In the upstream, during the May Day holiday, the overall trend of the domestic liquefied gas market is relatively strong, the civil gas market in Shandong is steadily rising, the market supply remains low, the supply pressure is not large, in terms of demand, the downstream purchase rises into the market, the enthusiasm is OK, the market trading atmosphere is mild, the factory inventory has a strong mentality, and the price is relatively strong. It is expected that the price of liquefied gas market will continue to be strong in the short term. According to the monitoring data of business agency, on May 5, the reference price of liquefied gas was 6446 yuan / ton, an increase of 1.67% compared with May 1 (6340 yuan / ton).

Future analysis of butanone

At present, the raw material support of butanone cost is acceptable, and the room for field operators to continue to make profits is limited. The butanone data division of business society believes that in the short term, the butanone market is mainly adjusted and operated in a narrow range, and more attention should be paid to the basic changes of butanone supply and demand.

According to the price monitoring of the business agency, the domestic cocoon and silk market price was slightly adjusted this week (may 2-may 6). As of May 6, the average price of the dry cocoon market remained 128000 yuan / ton at the beginning of the week, up 0.39% year-on-year. The average market price of raw silk was 390125 yuan / ton, down 0.16% from the beginning of the week and 1.55% year-on-year. This month, the market is dominated by narrow consolidation, and the trend is calm.

In terms of the purchase price of spring cocoons, the purchase price of spring cocoons in all parts of Guangxi continues to be listed, and the purchase price of spring cocoons has increased slightly. At present, the purchase price in Yizhou is maintained at about 44-46 yuan / kg, that in Liucheng county is maintained at about 43-46 yuan / kg, that in Xincheng County is maintained at about 40-42 yuan / kg, that in Huanjiang County is maintained at about 40-45 yuan / kg, and that in Napo County is maintained at about 44-48 yuan / kg, The purchase price of Pingguo County is maintained at about 46-47 yuan / kg, which forms a certain support for the recent price.

In terms of demand, there is not much good news in the downstream consumer market. The spot price is weak and stable, the transaction is light, the downstream production and sales are weak, the product shipment in the end consumer market is not smooth, the downstream weaving, processing and production enterprises purchase on demand, and there is still a lack of substantive guarantee for the promotion of the market. In the future, it will continue to consolidate in a narrow range.

Business analysts believe that the upstream raw material supply is sufficient and the cocoon cost has a certain support for the market, but the downstream demand has not recovered significantly. Raw silk lacks the basis for forming a long-term upward trend, and the probability of continuous shock consolidation in the future market is still too high.

1、 Price trend

According to the bulk data monitoring of business society, as of April 29, the average price of refrigerant R22 was 17666.67 yuan / ton, up 1.92% from the beginning of the month and 6.43% from the same period last year

According to the bulk data monitoring of business society, as of April 29, the average price of refrigerant R134a was 24166.67 yuan / ton, down 3.33% from the beginning of the month and up 6.93% from the same period last year

2、 Market analysis

In April, the refrigerant R22 market was stable and upward, the enterprise quotation was increased, and the focus was higher. In April, the price of raw material hydrofluoric acid rose, and the cost support was OK. Moreover, in April, it entered the peak season, the demand support became stronger and stronger, and the manufacturers had strong support for the price. In addition, during the maintenance period in Dongyue, Shandong Province, the market supply decreased, and the prices of the operators rose. However, public health events affected the logistics of various places, and the shipment of enterprises was limited. The upward range of R22 was not large, with an increase of about 2% in the month. At present, the R22 market quotation is mostly in the range of 17500-18000 yuan / ton, about 17500-18000 yuan / ton in Shandong, about 17500-18000 yuan / ton in Zhejiang, about 17500-18000 yuan / ton in Hunan and about 18000 yuan / ton in Guangzhou.

In April, the market of refrigerant R134a continued to decline, the quotation of enterprises fell frequently, and the focus shifted downward. In April, the price of raw material hydrofluoric acid increased, but the price of trichloroethylene decreased, the cost support weakened, coupled with the poor demand for downstream vehicles, the shipment pressure of refrigerant enterprises, the sales pressure was large, the mentality of operators was pessimistic, and the price of R134a fell. At present, the market quotation of R134a is mostly in the range of 22000-26000 yuan / ton, about 23000-24500 yuan / ton in Zhejiang, about 22000-22500 yuan / ton in Hunan and about 24000 yuan / ton in Guangzhou.

In terms of raw materials, on April 28, the price trend of domestic hydrofluoric acid market was temporarily stable, the operation of on-site devices was stable, the supply of goods was normal, the market price of anhydrous hydrofluoric acid increased slightly, and the recent slight rise of fluorite price had a certain supporting impact on the hydrofluoric acid market. In addition, the operating rate of downstream refrigerant industry was still at a low level, the actual demand was at a low level, and the procurement of hydrofluoric acid was limited, Recently, the refrigerant price has decreased slightly, but the hydrofluoric acid unit has operated stably recently. It is expected that the market price of hydrofluoric acid may remain stable.

3、 Future forecast

According to refrigerant analysts of business society, refrigerant R22 rose and R134a fell in April. The overall market is weak, and it is difficult to find short-term benefits. It is expected to continue the weakness.

According to the monitoring of business society, the domestic market price of phthalic anhydride fell sharply in April. As of the end of the month, the quotation of phthalic anhydride was 8137.5 yuan / ton, down 6.87% from the price of 8737.5 yuan / ton at the beginning of the month, up 24.47% year-on-year. The market price of phthalic anhydride fell sharply in April, and the marketing of phthalic anhydride market was normal.

Since April, the market price trend of phthalic anhydride has declined, the delivery of phthalic anhydride in the field is poor, the price of upstream raw material o-benzene has fallen sharply, the plasticizer market has fallen, bad factors have affected the phthalic anhydride market, and the market price trend of phthalic anhydride has fallen sharply. The operating rate of domestic phthalic anhydride manufacturers has not changed much. The operating rate of phthalic anhydride on the site is less than 60%. The domestic spot supply of phthalic anhydride is normal, and the price trend of upstream phthalic anhydride is declining. Affected by this, the phthalic anhydride market is lower. The market price of phthalic anhydride in East China has risen, and the high-end transactions on the floor are limited. The mainstream of adjacent France source negotiation in East China is 7900-8100 yuan / ton, and the mainstream of naphthalene method source negotiation is 7800-7900 yuan / ton; The mainstream quotation of phthalic anhydride market in North China is 8000-8200 yuan / ton. The wait-and-see mentality of phthalic anhydride still exists in the field, and the downstream purchase is mainly on demand. The market price trend of phthalic anhydride is affected by negative factors in the field.

In April, the price trend of domestic orthobenzene fell, with the on-site price of 8200 yuan / ton, down 8.89% from the price of 9000 yuan / ton at the beginning of the month. The decline of domestic orthobenzene price is the negative impact of the phthalic anhydride market. In April, the market trend of imported orthobenzene in the port area fell, and the external quotation of orthobenzene fell sharply. Recently, the inventory of orthobenzene in the port area increased, and the external quotation of orthobenzene fell mainly. The actual transaction price is subject to negotiation, and the actual order is discussed in detail, The price of o-benzene fell sharply, the price of raw material o-benzene was bad, the domestic phthalic anhydride market price, and the phthalic anhydride market price fell sharply.

In April, the market price trend of DOP downstream of phthalic anhydride declined. According to the monitoring of business society, the domestic DOP price was 11775 yuan / ton by the end of the month, with a price decline of 4.27%. The construction of DOP enterprises in the field was stable, the supply of DOP was sufficient, and the price trend declined in April. The downstream market remains weak, the downstream demand is stable, and the market transaction is general. The market trend of plasticizer DOP declined, and the transaction price was subject to the real-time price. The DOP price was 11500-11900 yuan / ton, and the price trend of phthalic anhydride market fell due to the impact.

On the whole, the plasticizer market is OK, and most units of phthalic anhydride manufacturers operate stably. However, the market price of ortho benzene has remained stable recently, and the downstream plasticizer industry has an upward trend. On the whole, it is expected that the market price of phthalic anhydride may rise slightly in the later stage.

1、 Price data

According to the bulk list data of business society, the average price of Shandong market on April 29 was 5172.505 yuan / ton, down 0.80% from 5213.75 yuan / ton on April 15. In late April, the price of refined petroleum coke first fell and then rose, and the overall price decreased slightly.

On April 29, the commodity index of petroleum coke was 402.29, the same as yesterday, down 0.80% from the highest point of 405.52 in the cycle (2022-04-17), and up 501.42% from the lowest point of 66.89 on March 28, 2016. (Note: the period refers to the period from September 30, 2012 to now)

2、 Analysis of influencing factors

Product: in late April, the price of refined petroleum coke first fell and then rose. At present, refinery shipments are active, downstream carbon enterprises purchase before the festival, and the local coking price is partially callback. However, at the end of the month, downstream enterprises have great capital pressure and strong market wait-and-see mood.

Upstream: the international crude oil shock in April was mainly due to the lower than expected increase in U.S. commercial crude oil inventories. The market is still dominated by concerns about tight global oil supply in the future. The market is intertwined with long and short, the global economic recovery slows down, the Federal Reserve’s expectation of raising interest rates rises, and the domestic epidemic suppresses demand, and oil prices are under pressure. On the other hand, the EU is considering imposing an oil ban on Russia, tightening supply expectations, limiting the decline in oil prices, and the recent crude oil price range has fluctuated.

Downstream: the price of calcined coke remained stable in late April; Metal silicon market fell; The price of downstream electrolytic aluminum fell. As of April 29, the price was 20826.67 yuan / ton. At present, the cost of downstream carbon enterprises is upside down, the capital is tight, the pressure of receiving goods is great, and most of them purchase on demand.

3、 Future forecast

Analysts expect that the price of Petroleum Coke will be high, while the price of Petroleum Coke will be high in the lower reaches, while analysts expect that the price of Petroleum Coke will be low, while the price of Petroleum Coke will be high in the lower reaches, but the price of Petroleum Coke will be strongly supported by the lower reaches. It is expected that the price of petroleum coke may be mainly sorted out in the near future.