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The cost fell, and the DOTP price fluctuated and fell this week

DOTP prices fluctuated and fell this week

 

povidone Iodine

According to the data monitoring of the business agency, the DOTP price fluctuated and fell this week, and the overall DOTP market fell. As of April 15, the price of DOTP was 11925 yuan / ton, down 3.34% from 12337.50 yuan / ton on April 8 last weekend. The price of DOTP fell this week, and the market of DOTP fell.

 

The price of isooctanol fluctuated and fell this week

 

According to the price monitoring of the business agency, the domestic isooctanol market fell violently this week, and the price of isooctanol fell by 5.19%. In the recent transportation control, the transportation of isooctanol enterprises is limited, the downstream operation is limited, the terminal demand is poor, and the overall isooctanol market is weak. The price of isooctanol fell, the price of isooctanol fluctuated and fell, the cost of DOTP decreased, the upward momentum of DOTP weakened, and the downward pressure increased.

 

PTA prices rose slightly

 

Sodium Molybdate

According to the price monitoring of business society, PTA prices rose slightly this week, and the overall PTA market remained stable at a high level. As of April 15, PTA prices were 6177.27 yuan / ton, up 0.46% from 6149.09 yuan / ton on April 8 last weekend. The high crude oil price rebounded and PTA price fluctuated and adjusted. This week, PTA prices fluctuated at a high level and stabilized, DOTP cost support weakened, and the positive momentum of DOTP was weak.

 

Future expectations

 

According to DOTP data analysts of business agency, the high crude oil price fluctuated and adjusted, PTA price fluctuated and stabilized, the impact of transportation, the price of isooctanol fluctuated and fell, the cost decreased, the rising power of DOTP weakened and the downward pressure increased. Generally speaking, the price of raw materials decreased, the demand for DOTP was temporarily stable, and the downward pressure on DOTP increased. It is expected that the price of DOTP will fluctuate and fall in the future.

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The cost of raw materials has increased, but the demand continues to be light. It is difficult to change the weak pattern of magnesium market (4.4-4.8)

Price trend of metallic magnesium

 

Market analysis this week

 

Benzalkonium chloride

After the festival, the metal magnesium market returned to the market to maintain a temporary and stable consolidation. There has been no significant change in the recent market, and the operation of both the supplier and the demander is cautious. According to the data monitoring of the business agency, as of the 8th, the transaction price of magnesium ingots in the market was concentrated at 39500-41000 yuan / ton, and the average price in the domestic market was 40666.67 yuan / ton, which was basically stable compared with the Qingming Festival.

 

Raw materials

 

The quotation of 75 ferrosilicon in Shaanxi is around 9800-9900 yuan / ton, and the average market price is 9850 yuan / ton. After the festival, the futures market continues to rise, the futures market is linked, the spot price is rising, the export also performs well, and the price of blue carbon is also strong. Many favorable factors are overweight. The ferrosilicon spot market may operate at a high level in the short term.

 

Supply and demand

Sodium Molybdate

Affected by the epidemic prevention measures, domestic magnesium plants have difficulties in delivering goods and transportation. At present, the inventory of magnesium plants has rebounded compared with the previous period, and downstream enterprises have been in a wait-and-see state. The epidemic has also caused demand contraction, and domestic and foreign orders are weak, resulting in slow destocking of magnesium plants. However, there is no financial pressure on magnesium plants, and the overall quotation is stable.

 

Future forecast

 

On the whole, the capital pressure of the factory itself is not large, coupled with the high cost of ferrosilicon, the price stabilization mentality of the factory remains unchanged, but the downstream transaction of the market is less than expected, the magnesium ingot Market lacks the support of good news, and the supply and demand side has not changed substantially. The two sides are still in the exploratory wait-and-see stage, and the magnesium ingot price is expected to operate weakly and stably in the short term.

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The price of imported potassium chloride rose by 1.32% (4.4-4.8) this week

1、 Price trend

 

Benzalkonium chloride

As can be seen from the above figure, the domestic market price of imported potassium chloride increased slightly this week, and the quotation increased from 5066.67 yuan / ton at the beginning of the week to 5133.33 yuan / ton at the end of the week, an increase of 1.32%. The ex factory price of domestic potassium chloride was temporarily stable this week. This week, the factory price of potassium chloride in domestic salt lakes is about 3500 yuan / ton. On April 10, the commodity index of potassium chloride (import) was 135.09, unchanged from yesterday, hitting a record high in the cycle, up 39.69% from the lowest point of 96.71 on September 16, 2021. (Note: the period refers to the period from September 1, 2021 to now)

 

2、 Market analysis

 

The quotation of mainstream domestic potassium chloride manufacturers increased slightly this week: the ex factory price of Qinghai Salt Lake potassium chloride at the weekend was about 3500 yuan / ton, which was temporarily stable compared with that at the beginning of the week. Youdeshi’s potassium chloride distribution quotation this weekend is 5100 yuan / ton, which is temporarily stable compared with that at the beginning of the week. Zibo Dehe offered 5300 yuan / ton of potassium chloride this weekend, up 300 yuan / ton compared with the beginning of the week. Anhui Badou’s potassium chloride distribution quotation this weekend is 5000 yuan / ton, which is temporarily stable compared with last weekend. The self raised price of 62% white potassium at the port is about 5000 yuan / ton. The price of 60% Dahong granules in the port has increased by about 5000-5200 yuan / ton. Border trade 62% Russian White potassium is about 4800-4900 yuan / ton.

 

Sodium Molybdate

From the downstream market of potassium chloride, the ex factory price of potassium carbonate was adjusted at a high level this week, with a quotation of 9066.67 yuan / ton, up 35.58% year-on-year compared with the same period last year. The ex factory price of potassium nitrate was adjusted at a high level this week, and the quotation was 7050.00 yuan / ton, up 65.40% year-on-year compared with the same period last year. On the whole, the downstream market of potassium chloride has been consolidated at a high level, and the downstream demand for potassium chloride is general.

 

3、 Future forecast

 

In mid April, the overall trend of potassium chloride market may fluctuate and rise in a narrow range. The price of potassium chloride in Salt Lake and zangge has been adjusted at a high level, but the market supply is still limited and the supply is relatively tight. With the advent of spring ploughing, agricultural demand has increased, and traders are actively taking goods. The demand for potassium chloride is mainly high in the downstream, while the demand for potassium chloride is good in the downstream. The international price of potash fertilizer is adjusted at a high level, and the domestic potash fertilizer is still likely to rise. Potassium chloride analysts of business society believe that the import price of domestic potassium chloride may rise slightly in the short term.

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Fundamentals are under pressure and tin prices are down (4.1-4.8)

The spot tin market price (4.1-4.8) fell this week. The average price in the domestic market was 349130 yuan / ton last weekend and 341430 yuan / ton this weekend, down 2.21% this week.

 

EDTA

The K-bar chart of commodity price uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investment according to the changes of K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall.

 

According to the price monitoring of business society, there are two kinds of commodities in the list of commodity prices rising and falling in the 14th week of 2022 (4.4-4.8). The top two commodities are zinc (0.33%) and copper (0.17%). A total of 16 commodities fell month on month, and the top three products were electrolytic manganese (- 3.44%), aluminum (- 3.43%) and neodymium (- 3.31%). The average rise and fall this week was – 1.04%.

 

Sodium Molybdate

In the futures market, boosted by the rise of crude oil at the beginning of the week, the metal market generally rose, and Lunxi rose. Later, with the rise of the US dollar, the metal market was generally under pressure, and the opening of Lunxi was under pressure. Shanghai tin basically followed the trend of Lunxi, rising first and then falling, and the high level fell on Thursday.

 

In terms of supply, at present, the smelter has basically entered a stable production stage, and the operating rate is gradually stable. According to market news, major domestic manufacturers will end maintenance recently, which can alleviate the shortage of domestic tin supply to a certain extent. In terms of supply, the supply of Myanmar mine is relatively stable, but the overall domestic demand is still uncertain. At present, the demand in major regions is relatively stable, and enterprises mainly purchase on demand. Therefore, the market is mainly wait-and-see. Internationally, LME tin inventory rebounded significantly this week, which is bad for the market. Tin prices are expected to remain high and volatile in the future.

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This week, the domestic sulfur market price was sorted upward (4.2-4.8)

According to the price monitoring of business agency, the price trend of sulfur in East China this week was stable and upward. On April 8, the quotation of sulfur was 3426.67 yuan / ton, an increase of 2.49% during the week and 23.11% month on month compared with the price of 3343.33 yuan / ton at the end of last week.

 

povidone Iodine

This week, the sulfur market continued to operate strongly, the output of domestic refineries was limited, the inventory was low, and the support for the sulfur price market was obvious. The downstream demand was stable, the trend of sulfuric acid continued to rise, the market demand continued to be good, the enterprise shipped smoothly, the supply was short of demand, the operator had a positive attitude, strong intention to support the price, and the sulfur price was stable and upward. As of August 8, the price of sulfur fixation in refineries in Shandong is between 3250-3530 yuan / ton, and the price range of liquid sulfur is 3360-3500 yuan / ton.

 

The sulfuric acid market rose slightly this week, with the quotation rising from 1141.67 yuan / ton last weekend to 1158.33 yuan / ton this weekend, an increase of 1.46%. The inventory of domestic mainstream sulfuric acid manufacturers is general, the downstream purchase is positive, the demand is stable, the operator’s mentality is good, and the quotation is increased.

 

EDTA

The downstream phosphate fertilizer market is stable and positive. On Monday, the ammonium market is waiting and sorting, the market trading is general, the new orders are limited, the downstream is mainly purchased on demand, the raw material support is good, and the market trend runs at a high level. The market of diammonium ran smoothly within the week. At present, the supply of goods in the market is tight, there are sufficient orders to be issued, and the high-level consolidation of diammonium runs.

 

According to the sulfur analysts of the business society, the inventory of domestic sulfur refineries is low, the high support of the external market and the favorable downstream demand, the overall market supply is in short supply, and the mentality of the operators is optimistic. It is expected that the sulfur market will continue to be strong in the future, so we should pay attention to the market follow-up.

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Cost pullback & Supply and demand double weak, butyl acetate price continued to decline

This week (4.6-8), the domestic butyl acetate market continued the pre holiday trend and continued to decline. Butyl acetate continued to fall in the absence of supply and demand support and cost decline. According to the monitoring of business society, butyl acetate decreased by 1.45% this week. At the weekend, the domestic mainstream quotation of butyl acetate is 9800-10100 yuan / ton.

 

Benzalkonium chloride

First, in terms of cost, the high levels of acetic acid and n-butanol fell. In particular, the decline of n-butanol is obvious, and the decline of cost is the direct reason for the decline of butyl acetate price.

 

From the perspective of acetic acid, the high price of domestic acetic acid fell this week. According to the monitoring of business society, acetic acid fell by 0.95% this week. Supply is relatively stable. At present, most factories are under normal operation, and Shanghai Huayi plant has not been started yet, so the supply pressure is not large. The market is generally affected by public health events, and manufacturers are facing pressure on shipment, which is also the main reason for the high decline of acetic acid price. In addition, the start-up of ethyl ester and butyl ester in the downstream decreased slightly, the demand for acetic acid decreased, and the market was mainly purchased on demand.

 

In terms of upstream n-butanol, n-butanol decreased significantly after the festival. According to the monitoring data of DINGCHUN in Shandong Province, the business decreased by 2.09% this week. The top users of n-butanol downstream have a heavy wait-and-see mood, and there are few high price transactions on the floor. The negotiation transactions are mostly concentrated in the low end, the overall demand of the downstream is weak, and they mainly digest the early inventory. In addition, due to the impact of public health events, the logistics and transportation in some areas are not fully opened, and there are still certain restrictions on the demand side.

 

Sodium Molybdate

In terms of supply and demand, butyl acetate shows the characteristics of weak supply and demand. On the supply side, the operating rate of manufacturers is lower than that before the festival, but the downstream demand has not improved significantly. The market trading atmosphere is poor, and most operators are bearish. Due to the epidemic, transportation is limited, and the rise of freight rates has further suppressed some demand. The substitution of other raw materials has occupied part of the demand for butyl, and the weak demand is the fundamental reason for the decline of butyl price.

 

Future forecast: in the short term, butyl acetate Market will remain weak. In the near future, we need to pay attention to whether the upstream acetic acid market can be reversed and the operation of downstream factories.

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Domestic dimethyl carbonate finishing operation after Qingming Festival

According to the monitoring data of business society, as of April 6, 2022, the average ex factory price of domestic industrial grade dimethyl carbonate was 5566 yuan / ton, which was basically the same as that on April 1, 2022. Compared with March 7, 2022 (the reference price of dimethyl carbonate was 6000 yuan / ton), the price was adjusted down by 437 yuan / ton, a decrease of 7.22%.

 

Azodicarbonamide (AC foaming Agent)

It can be seen from the data monitoring chart of business society that in March, the overall performance of domestic dimethyl carbonate was poor, and the effective support of the market was weak,. In April, during the Qingming Festival, the domestic market of dimethyl carbonate was stable and returned after the festival. The market news of dimethyl carbonate was calm, and the supply side. At present, the domestic supply of dimethyl carbonate is still sufficient, and there is still a certain pressure on the supply side. In terms of downstream demand, at present, the downstream operating rate is generally general, the recovery is in a slow recovery, and most of them maintain rigid demand procurement. In addition, at present, the logistics in some regions is limited, The overall demand is not high. The post holiday market of raw material propylene oxide is weak, and the support of dimethyl carbonate is limited. As of April 7, the ex factory price of dimethyl carbonate in China is around 5500-5800 yuan / ton. At present, the overall trading of dimethyl carbonate in the yard is flat.

 

In terms of upstream propylene oxide, after the festival, the domestic propylene oxide market was weak and downward. According to the data of business agency, the reference price of propylene oxide was 11900 yuan / ton on April 6, down 1.11% compared with 12033.33 yuan / ton on April 1.

 

Sodium Molybdate

Future trend analysis

 

At present, I have heard that the domestic dimethyl carbonate factory has a parking plan in the near future, the on-site supply will be moderately reduced, the supply side support may be improved in the short term, and the downstream demand will take time to gradually expand. The dimethyl carbonate Data Engineer of business society believes that the domestic dimethyl carbonate situation may recover slightly in the short term, and more attention needs to be paid to the news changes of supply and demand.

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On April 6, the magnesium market was mainly on the sidelines, and the price was stable

Magnesium ingot price list

 

Market analysis

 

EDTA

According to the data monitoring of business agency, 99.9% of the factory price including tax in mainstream areas was 40666.67 yuan / ton on the 14th, which was stable compared with that before the festival.

 

In terms of raw materials, the bidding price of ferrosilicon of Hegang group in April was 10050 yuan / ton, an increase of 850 yuan / ton compared with the previous month. After the festival, the ferrosilicon market continued to rise strongly, and the quotation of 75 ferrosilicon natural blocks in the main production area was 10300-10500 yuan / ton; The high price of coke remained stable, but market news said that the ex factory price of coke increased by 200 yuan / ton in some areas from 0:00 on April 7, and the first round of increase was started. The procurement cost of raw materials in magnesium plants is high, coupled with the impact of recent outbreaks in many places, poor shipping and rising transportation costs.

 

Azodicarbonamide (AC foaming Agent)

Although the cost of raw materials has increased recently, the demand performance continues to be light. The demand for magnesium in Europe has decreased due to the situation in Russia and Ukraine. The domestic market is mainly affected by the epidemic, and the downstream procurement is cautious.

 

Generally speaking, the market supply-demand relationship is in a tentative wait-and-see stage, and the demand side is still weak. However, under the condition of high cost and little capital pressure, the magnesium plant has a strong willingness to stabilize the price.

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The positive cost side supported the PTA price increase of more than 7% in March

According to the price monitoring of the business agency, the domestic PTA market showed an “m” shock rising trend in March. As of March 30, the average market price of domestic PTA in East China was 6134 yuan / ton, up 7.12% from the beginning of the month and 38.67% year-on-year.

 

Benzalkonium chloride

In March, the plant restart and maintenance of domestic PTA plants were carried out in parallel. At present, the operating rate of the industry is around 76%. Hengli, Yisheng and other large factories announced the maintenance arrangement from April to may, especially the planned maintenance of many devices in April. PTA enterprises have production losses and may have unplanned maintenance. At the same time, PTA suppliers reduced the contract supply in April, PTA circulation spot is too small, and PTA supply will remain tight in April. In addition, logistics in some areas affects PTA transportation.

 

Crude oil prices fluctuated upward, providing PTA with cost side positive support. As of March 30, the settlement price of the main contract of WTI crude oil futures in the United States was US $107.82/barrel, and the settlement price of the main contract of Brent crude oil futures was US $111.44/barrel, up about 13% from the beginning of the month. At present, the data released by the US Energy Information Administration (EIA) show that the US crude oil inventory has decreased continuously, indicating that the supply is still tight; In addition, the market is worried that Western sanctions against Russia continue to escalate, and the situation in Russia and Ukraine is still difficult to improve in the short term, and the risk of supply interruption remains in the future.

 

Sodium Molybdate

The downstream polyester inventory is high. In April, the production reduction plan of large polyester factories was the main one. It was heard that the maintenance capacity is higher than 5 million tons, and the demand for PTA has weakened. From April to June, 1.95 million tons of new polyester production capacity is planned to be put into operation, but the current demand and inventory situation are not optimistic, and the production situation is also variable. The fermentation of the epidemic situation in many places in China has led to a significant decline in terminal demand. Late March is the traditional peak season of the polyester industry, but under the influence of the current round of epidemic blockade, terminal orders and start-up have fallen to a certain extent, and the comprehensive start-up rate of Jiangsu and Zhejiang looms is less than 65%.

 

Business analysts believe that in April, under the tight supply and demand, it has played a sustained support for the oil market and is afraid to remain high. However, affected by the epidemic, the “peak season” of the terminal textile industry continues, the commencement and orders decline, the demand drag performance is weak, and the market presents a pattern of weak supply and demand. In the follow-up, we still need to pay attention to the maintenance of PTA unit, the implementation effect of actual production reduction in large polyester plants and the trend of crude oil price.

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Brief description of ethylene oxide in March 2022

Ethylene oxide is stable this month. Up to the latest price, the ex factory price in North China, South China, northeast and East China is 8200 yuan / ton, and the ex factory price in Central China is 8400 yuan / ton.

 

Benzalkonium chloride

In terms of cost, affected by the fluctuation of crude oil, the price of ethylene in Northeast Asia has reached new highs, gradually rising from US $1230 / ton at the beginning of the month to US $1370 / ton today, with a total increase of US $140 / ton, or 11.38%. Domestic ethylene also rose to 9100 yuan / ton, up 3.41% from the beginning of the month. Based on the current external price, ethylene oxide has lost nearly 1000 yuan, the profit space has been lost, and it is reasonable for manufacturers to limit production and ensure price.

 

From the perspective of supply side, although many sets of units such as Dena, Sanjiang, Shanghai Petrochemical and satellite Petrochemical have been reduced or stopped, the improvement of supply and demand structure is limited due to the drag of demand side.

 

Sodium Molybdate

From the demand side, the construction progress of the project is restricted. Under the influence of the epidemic, the entry and exit procedures of the chemical park are complicated, the logistics efficiency is affected, and the terminal demand is weak. However, some people in the industry believe that although the recovery of the demand side is blocked at present, according to the policy, there is still room for the release of the annual demand of the infrastructure industry. After the epidemic is controlled, there may be a restorative rebound on the demand side, and the monomer market will improve at that time.

 

On the whole, the long short game continues, it is very difficult to catch up under the high cost and weak demand, and the light atmosphere of the market continues in the short term.

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