Trade name: hydrochloric acid

Latest price (August 17): 335.00 yuan / ton

On August 17, the mixed price of hydrochloric acid in Shandong was temporarily stable, which was in line with the quotation on August 14. The upstream liquid chlorine market is generally in general, which gives weak support to hydrochloric acid, while the market of silica and ammonium chloride in the downstream is high consolidation, which brings certain support to the price of hydrochloric acid. At the same time, the maintenance of enterprises has increased recently, the supply of hydrochloric acid is relatively tight, and the downstream purchasing enthusiasm is good. The by-product acid still impacts the market, and the pressure of hydrochloric acid shipment is greater.

Recently, the market price of hydrochloric acid in Shandong area may fluctuate slightly, and the quotation is about 330 yuan / ton.

This week (8.10-8.14), the domestic BDO market was stable. According to the sample data monitored by the business agency, the domestic BDO market price was 8200 yuan / ton at the beginning of the week, up 4.60% month on month and down 12.39% year on year. Most of the manufacturing enterprises implement the listing price in August, and some enterprises set their own prices according to the order size of the market. As of Friday, the spot bulk water negotiation in East China is 7500-7800 yuan / ton, and the barreled water is 8500-9300 yuan / ton (delivered by acceptance). In South China, the bulk water negotiation is 7500-7800 yuan / ton, and the barreled negotiation is 8500-9300 yuan / ton (delivered by acceptance).

Settlement price of some enterprises in July and listing price in August:

enterprise

Settlement in July (bulk water delivery)

Listing in August (bulk water delivery)

Henan energy and Chemical Group Co., Ltd. East China 7700 yuan / ton, South China 7800 yuan / ton, East China 8200 yuan / ton, South China 8300 yuan / ton

Henan Kaixiang Chemical Co., Ltd. East China 7700 yuan / ton, South China 7800 yuan / ton, East China 8200 yuan / ton, South China 8300 yuan / ton

Xinjiang Meike Chemical Co., Ltd. East China 7660 yuan / ton, South China 7760 yuan / ton, 8200 yuan / ton East China, South China 8300 yuan / ton

Xinjiang Lanshan Tunhe Chemical Co., Ltd. East China 7700 yuan / ton, South China 7800 yuan / ton, East China 8200 yuan / ton, South China 8300 yuan / ton

Shaanxi Shaanxi Chemical Industry Co., Ltd. East China 7700 yuan / ton, South China 7800 yuan / ton, East China 8200 yuan / ton, South China 8300 yuan / ton

In terms of enterprise devices this week, Ronghe, Xinye and Tianye shut down for maintenance, and the restart time is not determined; Dongyuan parking is expected to restart in mid August; Meike phase I and II load is 60% and phase III is mainly for self use; Tunhe is shut down for maintenance in late July and is expected to restart in mid and late August; and two sets of devices in Kaixiang, Henan Province On July 20, the equipment was restarted one after another, with a load of about 60%; Hecheng Coal Co., Ltd. shut down for a week due to upstream device problems on July 30, and one set of device has been restarted, and the other is planned to restart in mid August; Panjin Dalian is shut down for maintenance on June 10, and the product is expected to be produced on August 14.

Next week, there is a certain positive short-term supply, the factory stand firm attitude, low price reluctant to sell. BDO analysts of business agency predict that the domestic BDO market will fluctuate more narrowly next week.

The center of gravity of international crude oil price moved up, but the domestic refined oil price adjustment stalled on August 7, and the upward range of product oil market was limited. According to the monitoring data of the business agency, the gasoline price on August 7 was 5546 yuan / ton, up 1.47% from the beginning of the week; on August 7, the price of diesel oil was 4948 yuan / ton, up 1.32% from the beginning of the week.

In terms of crude oil, the focus of OPEC’s crude oil continued to ease, while the international crude oil market continued to reduce its focus on soft oil. WTI crude oil futures rose 2.89% for the week.

In terms of gasoline, at present, the domestic weather is still hot, the oil used for automobile air conditioning has increased, and the demand for gasoline terminal has increased. In addition, the crude oil change rate in the first ten days of August is in a positive range. The downstream replenishment is more active, and the market transaction is good, which forms a support for the gasoline price. In terms of diesel, the impact of rainfall and flood in some southern regions is gradually weakening, and the terminal demand of diesel is in the recovery period, but the overall demand of diesel market is still lower than that of gasoline market.

In the first ten days of August, the start-up load of refinery decreased slightly. At present, the average start-up load of atmospheric and vacuum distillation unit is about 75%, and the influence of refined oil supply side is not obvious.

Lu Xingjun, an oil product analyst at the business club, believes that: in the first ten days of August, the international crude oil price showed a fluctuating upward trend; in addition, the high demand of gasoline market and the gradual recovery of diesel market demand, the price of refined oil is expected to rise steadily.

According to the monitoring of the business agency, the domestic market price of phthalic anhydride fell down in August. As of the 7th day, the quoted price of phthalic anhydride was 4957.5 yuan / ton, which was 1.34% lower than that of 5025 yuan / ton on the first day, and 16.45% lower than that of the first day. The market demand did not improve, and the market price of phthalic anhydride fell.

In the first week of August, the domestic market price of phthalic anhydride declined, and the market of phthalic anhydride was in general. In recent years, the downstream demand was poor, the price of o-benzene fluctuated at a low level, the plasticizer line was weak, and the trend of phthalic anhydride price fell. Domestic phthalic anhydride manufacturers started operation generally, and the operating rate of phthalic anhydride was about 60%. The domestic phthalic anhydride spot supply was sufficient, and the downstream plasticizer industry procurement was not active. The on-site merchants had a strong wait-and-see mood, and the exchange trading market fell. The price of phthalic anhydride market in East China declined, and the high-end transactions were limited. In East China, the mainstream of neighboring France source negotiation was 4900-5100 yuan / ton, while that of naphthalene process was 4700-4800 yuan / ton; the mainstream quotation of phthalic anhydride market in North China was 4900-5000 yuan / ton, and the phthalic anhydride market was still in a wait-and-see attitude, and the market price of phthalic anhydride fell.

This week, the domestic o-benzene price remained low, and the on-site price remained at 4400 yuan / T. the low price of domestic o-benzene was a big negative effect on the phthalic anhydride market. In addition, the import market of o-benzene in the port area declined, and the external price of o-benzene declined. The actual transaction price was subject to negotiation. The detailed list was discussed. In addition, the on-site o-benzene merchants had a strong wait-and-see mood, the low price of o-benzene fluctuated, and the raw material of o-benzene was o-benzene Low price is unfavorable to domestic market price of phthalic anhydride.

At the beginning of August, the DOP market price in the downstream of phthalic anhydride dropped slightly. According to the monitoring of the business agency, the domestic DOP price was 7000 yuan / ton, which was 0.47% lower than the price of 7033.33 yuan / ton at the beginning of the month. The price of isooctyl alcohol in the field fell down. DOP device operated stably, the spot supply was sufficient, and the DOP market price was lower. The market of plasticizer industry declined. DOP market quotation was 6800-7100 yuan / ton. The transaction volume of plasticizer in the market decreased, and the downstream market was poor. Affected by bad luck, the domestic market price of phthalic anhydride declined slightly.

Generally speaking, under the background of severe epidemic situation, it is very difficult for fuel demand to fundamentally improve. Although the United States and Europe have recently introduced economic stimulus policies, most of them are monetary policies. Due to the particularity of the epidemic situation, it is difficult to solve the problem from the perspective of increasing money supply. Recently, the crude oil price has a rising trend, but the domestic plasticizer industry is depressed, and the market price of phthalic anhydride falls.

In the future, the domestic o-benzene price trend is mainly volatile, but the transaction price of plasticizer is not good, the price of plasticizer has a downward trend, and the downward pressure of DOP market in the future market still exists. It is expected that the market price of phthalic anhydride in August will decrease slightly.

Domestic price trend:

According to statistics, in July, the domestic price of p-xylene was stable. At the beginning of the month, the domestic price was 4800 yuan / ton, and at the end of the month, the domestic PX market price was 4800 yuan / ton. The price trend was stable, with a year-on-year decline of 31.43%. The external price fluctuation was the main factor for the domestic PX market, and the external price fluctuation had a certain guiding effect on the domestic price.

In recent years, the domestic market price trend of p-xylene is temporarily stable. The domestic PX operating rate is about 60%. Sinochem Hongrun Petrochemical Co., Ltd. has put into operation a 600000 ton new unit, Yangzi Petrochemical plant has been running stably, fuhaichuang plant has been operating in one line, Pengzhou petrochemical plant has been running stably, Yangzi Petrochemical plant has been operating normally, Jinling Petrochemical plant has been running smoothly, Qingdao Lidong unit has been operating at full load, Qilu Petrochemical Company has been operating steadily The operation of the unit is stable. The start-up of Urumqi petrochemical plant is about 50%. The domestic supply of p-xylene is normal. Affected by crude oil price fluctuation, the domestic PX market price trend is stable. The international crude oil price fluctuated mainly in July, and the external price of PX rose slightly. As of the 30th, the closing price in Asia was 525-527 US dollars / ton FOB Korea and 543-545 US dollars / ton CFR China. Recently, the operation rate of PX units in Asia was about 60%. The supply of PX goods in Asia was normal. The closing price of PX increased slightly in July The price trend of p-xylene market is stable.

With the gradual recovery of the economy and the recovery of crude oil demand, the closing price of the international crude oil price in July remained around $40 / barrel. As of the 30th, the settlement price of the main contract in the WTI crude oil futures market in the United States was at $39.92/barrel, and the settlement price of the main contract in the Brent crude oil futures market was at $43.25/barrel Although the United States and Europe have recently introduced economic stimulus policies, most of them are monetary policies. Due to the particularity of the epidemic situation, it is difficult to solve the problem of striking demand from the perspective of increasing money supply. At present, the rebalancing of market supply and demand is mainly due to the efforts of oil producing countries to limit production. However, according to the previous agreement reached by OPEC +, the record production reduction will end in July. If OPEC + reduces the share of production reduction, it may further break the balance of the current oil market and increase the pressure on demand. Crude oil prices face the risk of decline, and the market price of p-xylene may drop accordingly.

In July, the price trend of downstream PTA market declined slightly, while the domestic PTA spot market market declined. As of the end of the month, the average price of PTA market was 3570.44 yuan / ton, 1.04% lower than that at the beginning of the month, and 36.16% lower than that at the beginning of the month. In July, the domestic PTA market was weak, new units were put into operation, terminal demand was weak, supply increased, inventory was high, fundamentals were under pressure, and the price fluctuated downward. At the end of the month, the cost side support and terminal demand were on bargain hunting, and the tail showed a slight recovery. Affected by the price decline of downstream PTA market, the domestic p-xylene market price trend was temporarily stable.

Chen Ling, an analyst at Px, a business agency, thinks that the crude oil price has the risk of falling in the near future. In addition, the domestic and foreign trade of the terminal has been recovering slowly, and the order performance is unstable. At present, the raw material procurement is mainly required. If the follow-up orders cannot be followed up in time, the market price of p-xylene in August is expected to decrease slightly.

In July, the domestic phenol market first suppressed and then rose, with an overall downward trend. According to the monitoring data of business agency, on July 1, 2020, the average price of phenol in China was 7150 yuan / ton, and on July 31, it was 5800 yuan / ton, with the market down by 18.88%. In the middle of July, it dropped to the lowest point, and the average offer in the national market was 5650 yuan / ton. Among them, the mainstream East China market declined from 6850 yuan / ton on July 1 to 5400 yuan / ton on July 16, and 5700 yuan / ton as of July 31. On the whole, the phenol market fell in July.

Trend chart of average price of phenol in the national market in 2020

Trend chart of phenol commodity index in East China

The overall decline of the market in July was mainly due to the sluggish demand for terminals and the poor procurement of terminal factories, which just needed to be followed up, and the market confidence was not optimistic. However, the domestic phenol Market is relatively sufficient, and the market is still difficult to get rid of the downward trend under the game of supply and demand.

The decline in demand is the main reason for phenol’s downward trend, and the main reason for the stagnation at the end of the month. According to statistics, the bisphenol a plant downstream of phenol has been started in 60%. The 150000 T / a bisphenol a plant of Sinopec No.3 well will be shut down on July 20. It is expected that the BPA plant in South Asia will be shut down for maintenance on July 18, and the plant will start operation in late August. In addition, the 135000 T / a BPA plant of Changchun Chemical Co., Ltd. will be shut down for two weeks in July. Another important downstream phenolic resin industry started to maintain stable, operating rate fluctuations. To sum up, the phenol market demand side was relatively weak and the support was insufficient. When the market went down to about 5500 yuan / T, the market stopped falling. Although there was a short-term positive stimulation from the bisphenol a market, the more important thing was that the high-level inventory of the shippers was not high, and the overall market price supporting intention was relatively strong. Therefore, the market continued to rise several times in the middle and late July, but the terminal market did not buy more Just need Inventory, the market is in a stalemate.

In July, the phenol market continued to fall sharply in the early stage, but after the middle of the month, the market was in a deadlock, and the upward support was insufficient. The market was in a dilemma and ended in a weak end at the end of the month. Now the phenol Market is in a weak and weak state. The main domestic supply is sufficient. First, the port replenishment is relatively sufficient. In July, a large number of phenol from Thailand, Singapore, Saudi Arabia and South Korea arrived in Hong Kong. At present, about 8000 tons of phenol from Thailand arrived in Hong Kong in early August. On the whole, the port volume is relatively moderate and the replenishment is relatively sufficient. The second is the high operating rate of domestic factories. The recent start-up situation of domestic factories is as follows. It can be seen from the figure below that except Sinopec three well unit is still under maintenance, other units are operating at full capacity. In August, Zhejiang Petrochemical’s 650000 T / a phenol ketone unit is expected to be put into operation, and the social supply is expected to be very sufficient.

Recent maintenance status of phenol ketone plants in China

From the perspective of business agencies, in August, at present, the operating rate of phenol plants in China has reached a high level. At the end of August, Sinopec Mitsui phenol ketone plant will also resume production. Although some ports have delayed arrival, they are expected to arrive in the warehouse to replenish port inventory in the short term. In August, the factory will implement new contracts, but the demand side is difficult to improve greatly, and the overall downturn is expected The market is expected to continue to decline in early August, and the price space in East China is expected to be 5400 yuan / T.

1、 Price trend

The domestic xylene market fell slightly in the first half of the week and rebounded slightly in the second half of the week, according to the data from the business club’s bulk list. As of Friday, the domestic average price was about 3550 yuan / ton, down 0.84% month on month.

2、 Analysis and comment

This week, the price of isomeric xylene fell slightly and continuously. Affected by the lower profit margin and lower operating rate of downstream PX manufacturers, the demand for isomeric xylene slowed down, and the logistics was not smooth due to the superimposed flood situation, and the transaction of isomerized xylene was not active. At present, the mainstream price in East China is about 3600 yuan / ton. Due to the demand doubts brought about by the increase of new crown cases and the deepening of international relations confrontation, the market continues to pay attention to the impact of the continued spread of overseas epidemic situation on the demand for crude oil caused by the economic restart, and the possible economic recovery rescue plan launched by Europe and the United States.

Upstream, crude oil, this week’s international oil prices fluctuated higher from Monday to Thursday, fell back on Friday to adjust. At present, the crude oil price is generally in the oscillation range. As of Friday, spot Brent fell $0.815/barrel, or 1.86%, to close at $42.895. The longer the oscillation lasts, the greater the possibility of large fluctuations in the future. Therefore, we must not be paralyzed by the boring market. The future market closely watched the fluctuation and breakthrough of Brent crude oil in the range of 40-44 USD / barrel.

Downstream, PX market, domestic Sinopec’s listed price is about 4800 yuan / ton this week, the latest external price is about 534 US dollars / ton FOB Korea and 552 US dollars / ton CFR China. It is expected that the PX market will maintain a stable trend in the short term. In terms of PTA market, the domestic PTA spot market price is about 3542 yuan / ton, and the external price is about 435 US dollars / ton CFR China. It is expected that PTA price will continue to maintain a stable trend next week. In terms of ox market, Sinopec’s o-benzene quotation is stable, with the price of 4400 yuan / ton. The external price of o-benzene is about 510 US dollars / ton FOB Korea and 541 US dollars / ton CFR China. It is expected that the price of o-benzene will maintain a stable trend next week.

3、 Future forecast

Xylene analysts of the chemical branch of business society believe: in the short term, OPEC + production reduction, total number of oil drilling in the United States and EIA, API inventory data in the short term. In the medium term, on the demand side, the economic and trade situation in Europe and the United States, the geographical situation between China and the United States, and the continuous deterioration of the global second epidemic situation have an impact on the demand for crude oil for economic restart, the progress of industrial chain recovery, and the impact of poor logistics caused by the flood situation. Next week, we will focus on the impact of the continued spread of the overseas epidemic on the demand for crude oil, and the possible economic recovery rescue plans launched by Europe and the United States. On the whole, it is expected that xylene prices in the domestic market will continue to fluctuate slightly next week.

1、 Price trend

This week, the comprehensive price of hydrochloric acid in North China is temporarily stable, with an offer of 357.50 yuan / ton. Overall, the market of hydrochloric acid remained stable this week, with the commodity index of hydrochloric acid on July 24 at 94.08.

2、 Market analysis

From the manufacturer’s quotation, this week’s hydrochloric acid Market manufacturer’s quotation is stable temporarily, the overall market is general. The quotation of Taiyuan kunshengda hydrochloric acid is 480 yuan / T, which is temporarily stable; Dezhou Shihua hydrochloric acid is 300 yuan / T, which is temporarily stable; Wenshui synthetic hydrochloric acid is 260 yuan / T at weekend, which is temporarily stable compared with the beginning of the week; Jinan Yuanfei hydrochloric acid is quoted at 450 yuan / T at weekend, which is temporarily stable compared with the beginning of the week; Dezhou Meihua hydrochloric acid is quoted at 240 yuan / T at weekend, which is temporarily stable compared with the beginning of the week.

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market is general, which gives weak support to hydrochloric acid, while the high consolidation of the downstream silica and ammonium chloride market has a positive impact on hydrochloric acid and has a certain support for the price of hydrochloric acid. The overall hydrochloric acid market this week seems to be stable temporarily, and the difficulty of hydrochloric acid delivery is still a big problem.

3、 Future forecast

The recent market of upstream liquid chlorine is general, while the downstream silica and ammonium chloride are mainly purchased on demand. Business agency analysts believe that hydrochloric acid recent low consolidation.

1、 Price trend

According to the price monitoring of the business association, the average price of salicylic acid (industrial grade) mainstream manufacturers was 14666.67 yuan / ton on July 24, which was flat compared with the beginning of the week (20th), and the price was flat compared with the beginning of the month. The market is stable in the near future.

2、 Market analysis

The salicylic acid market is running smoothly this week. It was in the off-season and the demand was not high. In addition, in the rainy season in the south, some downstream enterprises stopped production and stopped work, which inhibited the demand for salicylic acid. Foreign exports did not improve significantly, and the price of raw materials declined. The trend of salicylic acid decreased obviously and steadily, yielding a small profit. As of July 23, the industrial grade price of salicylic acid of Zhenjiang MaoYuan Chemical Co., Ltd. was 15000 yuan / ton, and the price remained stable. The industrial grade price of salicylic acid of Hebei Jingye Chemical Co., Ltd. is 14000 yuan / ton, and the price is stable. The industrial grade price of new hualongxin salicylic acid is about 15000 yuan / ton, and the ex factory price of methyl salicylate is about 23800 yuan / ton, and the price is stable. The industrial grade price of salicylic acid of Yanying chemical is about 12000 yuan / ton, and the price is stable. The industrial grade salicylic acid of Henan Diduo Chemical Co., Ltd. is 14000 yuan / ton. The actual transaction is mainly through negotiation.

For phenol, from the end of July, the operating rate is expected to pick up, the supply is relatively sufficient, the demand side is looking at the buyer’s downturn, the industry’s prosperity is not good, and the factory’s start-up is also gradually declining. From the international situation, some factories are gradually returning to work, and the import volume is steadily increasing. As for the phenol Market, it is difficult to find the low price. As for some traders, the cost of holding goods in the early stage is high, and the mentality of raising price is strong. However, the downstream bid is low, the factory is close to the settlement, and the market supply is slightly tense, and the actual transaction is not optimistic. The business association predicted that the demand side is hard to say good, and the supply side is full of bad news, and the phenol Market is hard to change in the short term.

3、 Future forecast

Salicylic acid analysts of the business agency believe that the consumption off-season superimposes the southern plum rain season, which suppresses part of the demand. Salicylic acid enterprises generally ship goods and light trading. It is expected that the trend will continue to be weak and stable in the short term.

1、 Price trend

According to the big list data of business agency, the aniline price this week remained stable compared with last week. On July 17, the aniline price in Shandong was 4200-4280 yuan / ton, and that in East China was 4200-4300 yuan / ton.

2、 Analysis and comment

In terms of cost, the listed price of pure benzene was 2930-3300 yuan / ton (average price 3140 yuan / ton) this Sunday (July 19), and the average price was 10 yuan / ton, or 0.32% lower than last week. This week, Sinopec’s listed price of pure benzene continued to be stable, and the price of pure benzene in Shandong was weakened by the pressure of delivery. This week, the port inventory rose again, and the main port inventory is about 264000 tons.

Since June 10, the price of nitric acid in East China has been stable, and the price in East China is 1450 yuan / ton.

This week, aniline enterprise supply and demand is stable, inventory pressure is small, the price is stable within the week.

3、 Future expectations

In terms of cost, the pure benzene market is limited by the port high inventory and delivery pressure, which is difficult to improve in the short term. It is expected that the short-term pure benzene price range will fluctuate.

Cost side guidance is not strong, supply and demand are stable. It is expected that aniline price will continue to be stable next week.