1、 Price trend

According to the price monitoring of the business agency, on May 22, the average price of the mainstream manufacturers of salicylic acid was 14666.67 yuan / ton, which was flat compared with the beginning of the week. On May 24, the chemical index was 644 points, which was flat compared with yesterday. It was 36.61% lower than the highest point 1016 points (2012-03-13), and 7.69% higher than the lowest point 598 points on April 8, 2020. (Note: cycle refers to 2011-12-01 to now)

2、 Market analysis

Product: this week, the trend of salicylic acid is stable. In recent days, the raw material end has not changed, the cost end support is OK, and the starting load of the manufacturer is about 60%. With the production and sales, the pressure is not great. At present, the export is getting better and new orders are increasing, but the shipment volume is not big. The manufacturer’s mentality is stable and the price is stable. Traders adjust the price according to themselves. Overall, the trend of salicylic acid this week is stable and sporadic price adjustment. As of May 25, the industrial price of chemical salicylic acid in Maoyuan, Zhenjiang is about 15000 yuan / ton, the pharmaceutical price is 24000 yuan / ton, and the sublimation price is 22000 yuan / ton. The industrial price of salicylic acid in Hebei Jingye Chemical Co., Ltd. is about 14000 yuan / ton, the pharmaceutical price is 29000 yuan / ton, and the sublimation price is 20000 yuan / ton. The industrial price of salicylic acid in Shandong Longxin pharmaceutical industry is about 15500 yuan / ton, the factory price of pharmaceutical grade is about 25300 yuan / ton, the factory price of sublimation grade is about 18300 yuan / ton, and the factory price of methyl salicylate is about 24300 yuan / ton.

Industry chain: the phenol market rose again at the beginning of this week, but the downstream demand is not optimistic. In addition, the current arrival volume at the end of May is relatively sufficient, and the phenol Market is weak. According to the monitoring of the business association, the listing price of petrochemical manufacturers has remained stable at 6900-7000 yuan / ton. The market offer in East China is 6650-6700 yuan / ton, that in South China is 6850 yuan / ton, and that in Shandong and surrounding Yanshan is 6900 yuan / ton. This week’s opening phenol Market in the positive situation of tight supply, the cargo holders actively push up the market, and then from the recent transaction situation, the downstream has obvious resistance to high price phenol, the downstream procurement enthusiasm is not high, and the market volume is not optimistic. The business agency expects the phenol Market to run steadily in the short term, and expects the reference offer of the market in East China to be 6700 yuan / ton.

3、 Future forecast

According to salicylic acid analysts of the business association, the current demand is improving but not fully started year on year, and businesses are selling with production, but the volume of shipments is not large, and the market trend of salicylic acid is expected to be stable in the short term.

1、 Price trend:

According to statistics, the trend of domestic p-xylene ex factory price this week is temporarily stable. The weekend average price is 4000 yuan / ton, which is the same as the price at the beginning of the week, down 46.67% year on year.

2、 Market analysis:

Products: this week, the domestic market price trend of p-xylene is temporarily stable, the domestic PX operation rate is maintained at more than 70%, the operation of new 600000 ton Hongrun unit is stable, the operation of Huizhou refining and chemical unit is stable, the first line of Fuhai Chuang unit is started, the operation of Pengzhou petrochemical unit is stable, the operation of Yangzi Petrochemical PX unit is normal, the operation of Jinling Petrochemical unit is stable, the operation of Qingdao Lidong unit is full load, Qilu Petrochemical equipment is stable The plant is stable in operation. The Urumqi petrochemical plant starts at about 50%, Hengli petrochemical plant is in normal operation, and the domestic p-xylene supply is normal. Due to the decline of crude oil price, the domestic p-xylene market price trend remains low. This week, the operating rate of PX plant in Asia is more than 70%, and the supply of PX in Asia is normal. This week, the external price trend of PX rises. As of the end of the week, the closing price of PX market in Asia is 486-488 US dollars / ton FOB South Korea and 506-508 US dollars / ton CFR China. Affected by the rising international crude oil price, the external price of PX is higher this week, and more than 40% of domestic products need to be imported. PX The rising closing price of the external market has a certain positive impact on the domestic market, and the price of the domestic PX market remains low.

Industrial chain: the closing price of international crude oil rose this week. As of the 21st, the price of WTI crude oil futures market in the United States rose, and the settlement price of major contracts was $33.92/barrel. Brent crude oil futures market prices rose, the main contract settlement price was $36.06/barrel, the international oil price rose sharply this week. At present, WTI has reached a high since March 10. The main reason is that the reduction of production has suppressed the contradiction between supply and demand in the oil market under the pressure of the epidemic. The reduction of international crude oil production has promoted the price of crude oil to rise sharply. Influenced by the support of good raw materials, the price trend of domestic p-xylene market has been temporarily stable.

The price trend of PTA Market in the lower reaches of this week rose. As of the end of the week, the PTA Market in East China was negotiated to be around 3650-3750 yuan. Recently, the starting load of PTA industry is 87%. The rising crude oil price has driven the price of PTA market to rise. Up to now, PTA inventory has risen to a high near 3.55 million tons. According to the calculation of existing capacity, PTA operating rate is nearly 10% lower than polyester operating rate, so the market can be basically balanced. Compared with 91% operating load of PTA industry, polyester operating rate is obviously insufficient. It is understood that in June, Hainan Yisheng, Xinjiang Zhongtai and Yizheng Chemical fiber had maintenance plans for PTA, but under the condition of high processing cost, the possibility of postponement of maintenance could not be ruled out. In addition, the Hengli 5 × unit is expected to be put into operation in late June, and the short-term PTA accumulation situation is difficult to change. However, the price rise of downstream PTA market has brought some good support to PX market, and the domestic p-xylene price trend is temporarily stable.

Industry: this week, the textile industry improved, coupled with the rise in crude oil prices, the overall market of domestic textile industry rose, and the market price trend of p-xylene was temporarily stable.

3、 Future forecast:

Chen Ling, an analyst at Px, a business agency, believes that in the near future, the trend of crude oil price will rise, and the operating rate of downstream textile enterprises will rise. The supply of domestic PX market is normal. It is expected that PX market price will rise slightly next week.

1、 Price trend chart of nitric acid Market

Nitric acid price curve

According to the monitoring of the business agency, the average price of nitric acid in East China this week was 1433 yuan / ton, and the offer was temporarily stable.

2、 Market analysis

Products: the price of concentrated nitric acid is weak, the quotation of Jiangsu Hongze Yinzhu Chemical Co., Ltd. is 1250-1300 yuan / ton, the same as last week; the quotation of Wenshui Synthetic Chemical Co., Ltd. is 1580 yuan / ton, the same as last week; the quotation of Anhui Jinhe Chemical Co., Ltd. is 1300 yuan / ton, the same as last week; the quotation of Shandong helitai Chemical Co., Ltd. is 1700 yuan / ton, the same as last week; the demand of nitric acid market is general.

Industrial chain: upstream liquid ammonia, this week（ five point one one -15) , the domestic liquid ammonia Market slightly adjusted, the market rose and fell mutually, most manufacturers reported stable, some manufacturers were affected by the inventory pressure, slightly reduced the price, there were downward movements in the middle of the week, the range was 50-100 yuan / ton; downstream aniline, Zhou aniline Market was stable and small movements, on May 17, the price of aniline in Shandong region was 4600-4690 yuan / ton, East China The price of regional aniline is 4700-4820 yuan / ton, slightly higher than last week 0.72% 。

3、 Future forecast

Nitric acid analysts of the business community predict that the price of nitric acid may be weak and stable.

1、 Price trend:

According to the data monitoring of the business agency, the market of acetic anhydride was good in May, and the price of acetic anhydride rose sharply. As of May 18, the average price of acetic anhydride enterprises was 6075.00 yuan / ton, up 10.96% from 5475.00 yuan / ton at the beginning of the month, and up 22.73% from the same period last year. The market for acetic anhydride soared.

2、 Market analysis:

Product analysis:

In May, the market of acetic anhydride was good, the price of acetic anhydride was fluctuating and rising, the downstream enterprises of acetic anhydride started at a low level, Yankuang’s acetic anhydride equipment resumed operation after shutdown, but the output was less without inventory, Wanglong’s equipment stopped, and the overall supply of acetic anhydride was tight. At present, the transaction price of acetic anhydride is about 6100 yuan / ton.

Industry chain factor analysis:

It can be seen from the figure that in May, the price of acetic acid, the raw material of acetic anhydride, rose sharply, the overall price of raw materials rose sharply, the overall cost of acetic anhydride rose, and the cost pressure of acetic anhydride rising market was great.

It can be seen from the figure that in May, the price of methanol rose first and then fell, the overall methanol market rose in shock, the price of raw material methanol rose, the price of raw material acetic anhydride rose, the cost of acetic anhydride rose, and the cost pressure of acetic anhydride rose was great.

3、 Future forecast:

According to Bai Jiaxin, acetic anhydride data analyst of business association, the raw material cost of acetic anhydride rose in May, the price of acetic acid rose sharply, the price of methanol rose slightly, and the cost of acetic anhydride supported strongly. At the demand side, the number of downstream resumed construction increased, the enthusiasm of downstream customers for procurement increased, the demand for acetic anhydride increased steadily, and the power of acetic anhydride rising was strong. In terms of supply, the equipment of acetic anhydride enterprises started at a low level, the supply of acetic anhydride was tight, and the power of acetic anhydride rising was great. The overall market of acetic anhydride is good, and it is expected that the price of acetic anhydride will fluctuate and rise.

1、 Price trend

The atmosphere of domestic BDO market continues to be depressed. According to the sample data monitored by the business association, as of May 15, the average price of domestic BDO market was 8700 yuan / ton, with a decline of 9.38% on a month on month basis and 3.87% on a year-on-year basis.

2、 Market analysis

Product: the focus of domestic BDO market continued to decline this week. At present, there is no sign of improvement in terminal demand, which continues to languish. The start-up of downstream industries is low, including 5-60% of PTMEG load, and about 15 days of shutdown and maintenance planned by Xiaoxing in the middle of the month; 3-40% of PBT load; PU industry has entered the off-season, and the start-up has declined. The consumption of BDO in the downstream is limited and the buyer’s price is obviously depressed. Crane coal plans to restart a set of equipment next week, and Xinye plans to restart in early June. The supply of goods in the market may increase, which is a negative market mentality. Under the inventory pressure, some manufacturers actively make profits to promote sales, low-cost goods are frequently available, and the center of gravity has shifted down many times. An industry conference will be held on the 16th, or more news will be released, and the weak of the industry will wait and see.

In terms of devices, the restart time of Dongyuan, Ronghe and Ronghe is uncertain this week; crane coal plans to restart a set of devices next week; MEC load 50%; Tianye phase I 30000 ton device operates normally, The restart time of other units is to be determined; Tunhe phase I will be 50% and phase II will be shut down; Xinye will be shut down on the evening of March 25 to replace the catalyst, and it is planned to be restarted in early June; Sinopec’s load will be reduced to about 50%; black cat’s load will be about 50%; Kaixiang one set of units will operate stably. The overall market operating rate this week was about 44.3%, which was flat compared with last week. (the domestic production capacity increases by 60000 tons / year for Shaanxi black cat and Xinjiang new industry, 100000 tons / year for Tunhe phase II, and 30000 tons / year for Shaanxi chemical and Yizheng Dalian long-term parking).

Industry chain: in terms of raw materials, methanol market has been consolidated this week, with different regions falling and rising. Ningxia Baofeng phase II 2.2 million tons / year methanol plant is put into operation as scheduled. Although Shenhua Ningmei has methanol from outside, it can not offset the gap brought by Baofeng’s production. Under the negative demand, the delivery atmosphere in Northwest China is general. The firm price of factories in Inner Mongolia rose to 1480-1500 yuan / ton of ex warehouse spot exchange, and the negotiation was light; the low-end transaction in Northern Shaanxi fell to 1350 yuan / ton of ex warehouse spot exchange, and part of the supply flowed into Shandong and Hebei areas; the mainstream price in Guanzhong region was around 1480-1650 yuan / ton, and the downstream market withdrew in fear of falling Wait and see, the factory is mainly responsible for long-term customers; there is still little pressure on the factory to be shipped in Ningxia. This week, the main transaction volume will rise to 1450 yuan / ton of ex warehouse spot exchange, and the goods from Xinjiang and Qinghai will be delivered to Ningxia by reference to 1480 yuan / ton including tax.

Calcium carbide: this week, the domestic calcium carbide market began to callback from the low level. The ex factory price in Wuhai region was increased by 100-150 yuan / ton this week, and the ex factory price in Wuhai region was 2450-2480 yuan / ton. At present, the market is in short supply, the supply of goods is tight, and the ex factory price rises continuously. The downstream ex factory price has increased by 50-100 yuan / ton. At present, the downstream truck to be unloaded is low and continues to decline, and the procurement is active. Since the 15th Ordos PVC for almost a month off, carbide normal production and export, market supply increased, North China, East China purchase price stable wait-and-see. Affected by the rising price of calcium carbide in the near future, some of the calcium carbide devices that were shut down in the early stage have been resumed production. It is expected that the overall market supply will increase next week to ease the pressure of market demand. The factory price is mainly consolidated, the downstream is affected by the regional uneven arrival, and some purchase prices are increased.

Downstream demand: PBT: Kaixiang, Meiyuan, Shandong weijiao and Kanghui are in parking; Yizheng Chemical fiber load is about 80%; Wuxi Xingsheng load is about 3-40%; Tunhe unit current load is 50%; Changshu Changchun load is 50%. The load of Meizhou Bay is 60%. The load of BDO supporting PTMEG is about 60%. BDO plant: Xiaoxing has a load of about 40%, and the maintenance is delayed to the middle of May, which is expected to last for 15 days; Sanlong has low negative operation. Other downstream: GBL industry: 50% long-term information load; 3-40% Pu slurry load; about 40% TPU load at present.

3、 Future forecast

At present, the cost support is general, and the downstream demand is weak; crane coal storage is expected to restart, and the supply of goods may increase. At the same time, the downstream PTMEG plant Xiaoxing plans to maintain in the middle of the month, with the demand or reduction, and the supply and demand game continues. The market is surrounded by many negative factors, and the industry is lack of confidence in the future; the main downstream market is mostly under counter pressure, and the actual single trading atmosphere is light and the focus is weak. Before BDO’s social inventory was effectively digested, BDO analysts of business cooperatives predicted that the domestic BDO market continued to decline in a short time, focusing on the release of industry news and the main downstream construction.

According to the monitoring of the business agency, the price of activated carbon at the beginning of this week is 11000 yuan / ton, and the price of activated carbon at the end of this week is 11000 yuan / ton, which is stable.

Products: at present, the domestic price of activated carbon is stable, and the ex factory price of activated carbon for coconut water purification in East China is about 7000-12000 yuan / ton; the domestic market of activated carbon is light, and it will take some time for the market to recover.

Industry chain: the cost pressure of coconut shell, fruit shell, charcoal and other main raw materials in the upstream of activated carbon is supported, and the demand is acceptable; the cost support of coal-based carbon raw materials is weak. Downstream power, medicine and other demand industries purchase goods according to the single order. The market for purchasing activated carbon for air purification and water purification is favorable. Environmental protection policies boost the market for activated carbon. The market lacks good news support, and the price goes down.

Forecast: the operation of activated carbon market is generally stable. The downstream purchase intention is not high, most of which are purchase with use, and the transaction performance is general. It is expected that the market of activated carbon will maintain a narrow range finishing trend.

1、 Price trend

In April 2020, the ethanol market reached a new high. According to the monitoring of the business agency, the price of the ethanol market at the beginning of the month was 5262 yuan / ton, and the price of the domestic ethanol market at the end of the month was 5587 yuan / ton, up 6.18% in the month, up 4.96% compared with the same period last year.

2、 Analysis of influencing factors

Product: under the influence of increased export demand, the market prices of ethanol producers in various regions have risen this month. The alcohol market in East China is up, the price of goods delivered to the northeast is up, the freight is up, and the price is up with the increase of export volume; the alcohol price in Shandong is up, the export situation is good, the quotation of enterprises is high, and the vehicles are hard to find, so the price is high; the inventory of enterprises is not high, the water free shipment is good, and the vehicles are queuing up for loading; the Jilin jade in Northeast China The rice ethanol market is high, the enterprise inventory is not high, and the low price is not signed; the raw material price in Heilongjiang region is high, the order delivery of large factories is close to the end, and the enterprise quotation is increased; the ethanol market price in South China region is rising steadily, the market demand for 75 degree alcohol is not obvious at the beginning of this month, and the market price changes little. In the middle of each month, the export orders in Guangdong region are obviously increased, and the market transaction is acceptable Because of the low supply of goods in Guangdong market, most of the traders turn to the molasses ethanol enterprises in Guangxi, thus increasing the price of molasses ethanol in Guangxi. The price of raw material molasses remains high, and the price of molasses reaches 1200 yuan / ton. Not only is the raw material of molasses tense, but also the diversity of molasses downstream leads to the current high price, and the production cost of South China molasses ethanol production enterprises is still high.

Logistics: the logistics price continues to rise this month, mainly reflected in the price sent from the northeast to all parts of the country. Take the price sent from Heilongjiang to Shandong as an example, the increase is 120 yuan / ton. In the early stage, a large number of vehicles were sent to all parts of the country after the logistics was expropriated under the centralized delivery of large northeast factories. In the short term, vehicles in the Northeast are hard to find, and the freight continues to rise. In the late of the month, the middlemen or terminals are down After the 5.1 holiday, the tour began to collect fees and actively prepare goods. The vehicles continued to be expropriated and the freight rate remained high. At present, it has returned to the normal price in the normal period of high-speed charging in 2019.

Industry chain: in terms of raw materials, corn: the price of corn in China is generally stable, the number of vehicles in deep processing in North China is increasing, and that in Shandong is more than 400, which is significantly higher than before, and the price is basically stable. Due to the impact of high-speed charging after the labor day, some auto traders control This is to try to sell some corn before the high-speed charging, so the price rise of corn in these two days is restrained. However, after the freight returns to the original price, the price rise of corn has certain power and the transportation cost increases. It is expected that traders will be more reluctant to sell, and the grain supply in the market will be in short supply at different stages. However, with the coming of May, it is expected that the market will look forward to the temporary storage corn auction Selling news should be settled. In the later stage, we will continue to pay attention to the temporary storage corn auction.

Ethyl acetate: in April, the domestic ethyl acetate Market increased by 450-550 yuan / ton. At the beginning of the month, the situation of market supply exceeding demand is hard to be alleviated, and the market fluctuates after passively falling to the low point. However, after the Qingming Festival, the mainstream manufacturers in Shandong Province are supported by the digestion and inventory of South China’s cargo, which eases the situation of their own supply exceeding demand. Moreover, the ethyl acetate plant of Shandong Yankuang mine stops after the Qingming Festival, and the market supply is slightly stepped up, the raw acetic acid low point continues to rise, and the ethyl acetate Market Supply and success Under the support of this double positive, the market transaction price is gradually higher. In the middle of the month, the market benefits gradually spread, and the downstream is rational in the purchase of ethyl acetate. Although the raw material acetic acid is still rising, the later rise of ethyl acetate is limited, and the market is gradually passive and slightly rising. Near the end of the month, the atmosphere in all aspects of the market turns weak. Although the supplier intends to continue to increase, there is no obvious pre holiday stock in the downstream, and the market is in a passive high stalemate. In the later stage, the trend of raw material acetic acid is weak, and the ethanol market is relatively strong. In the case of shutdown of Jiangsu Thorpe ethyl acetate plant, it is expected that the domestic ethyl acetate Market will fluctuate in a high level in the short term.

Industry: according to the price monitoring of the business agency, in April 2020, there are 39 kinds of commodities in the list of rise and fall of bulk commodity prices in the chemical industry sector, including 26 kinds of commodities with an increase rate of more than 5%, accounting for 29.2% of the number of commodities monitored in the sector; the top three commodities with an increase rate are acetone (77.02%), acrylic acid (21.76%) and hydrogenated benzene (20.86%). There are 45 kinds of commodities falling on a month on month basis, 21 kinds of commodities falling by more than 5%, accounting for 23.6% of the number of commodities monitored in the sector; the top three products falling are ethylene (- 31.64%), butadiene (- 24.14%) and hydrochloric acid (- 22.37%). This month’s average rise and fall was 0.37%.

3、 Future forecast

At the end of goods preparation before the festival, the raw materials are on the verge of being stored and auctioned, waiting for the price to be finally settled. However, with the opening of the import window, the price of corn in the later stage will be reduced, the order quantity of large factories in the factory will be acceptable, the inventory of enterprises will be kept at a low level in the short term, Dongfeng has a start-up plan, and a small amount of ethanol will be released in the enterprises with production change; the East China side has implemented The price of cassava will remain firm and upward, the cassava ethanol production enterprises will maintain profit production, the enthusiasm of purchasing raw materials will increase, and the downstream ethyl acetate will maintain just need to purchase. Under the influence of high-speed charges after May 6, the price of delivery to East China will be higher if there is no price reduction in logistics. With the arrival of liquor off-season in Henan, when the order is executed After completion, it is not ruled out that there may be weak consolidation; in South China, the shipment continued in May, but at present, there are many export orders, and the increase of daily chemical consumption is expected to maintain a high market in the short term. Business alcohol analysts predict that the short-term ethanol market price stability or the possibility of upward.

1、 Price data

According to the data of the business club’s large scale list, the mainstream average price of petroleum coke products of major domestic refineries in April was 1092.50 yuan / ton at the beginning of the month and 1055.00 yuan / ton at the end of the month, down 37.50 yuan / ton in the month, up and down by – 3.43% in the month.

 
On April 29, the petroleum coke commodity index was 82.06, unchanged from yesterday, down 47.26% from 155.59 (2018-01-25), the highest point in the cycle, and up 22.68% from 66.89, the lowest point on March 28, 2016. (Note: cycle refers to 2012-09-30 to now)

2、 Analysis of influencing factors

Product: after the decline of refining petroleum coke in April, it stabilized, mainly due to the high operating rate of refining enterprises, the increase of market supply, abundant inventory, the easing of downstream demand in the late ten days, and stable trading.

Industry chain: upstream: according to the monitoring of the business agency, WTI crude oil in the United States is $20.48/barrel at the beginning of the month, and $15.35/barrel at the end of the month, with a monthly increase or decrease of – 25.05%; Brent crude oil is $26.35/barrel at the beginning of the month, and $24.23/barrel at the end of the month, with a monthly increase or decrease of – 8.05%. At the beginning of the month, the output reduction of OPEC + meeting was lower than the market expectation, and the crude oil demand in April was expected to decline by more than 20 million barrels / day, or even 30 million barrels; the delivery oil price of WTI futures fell to a negative value in the last ten days, and the future market mentality was pessimistic. Downstream: at the end of the month, the capital pressure of downstream enterprises is large, and the pre baked anode pricing has not been determined in May; the demand of calcined coking enterprises has been alleviated; the inventory pressure of carbon enterprises is large, and the overall demand of downstream enterprises is general, mainly on demand procurement. According to the data of business agency, as of April 29, the average market price of domestic aluminum ingots was 12793.33 yuan / ton.

3、 Future forecast

Analysts of petroleum coke of business association predict that the market of petroleum coke in April will stabilize after falling, and the downstream demand will improve. It is expected that the price of petroleum coke in May will be stable as a whole, and some enterprises will fluctuate slightly, with the price range of 900-1100 yuan / ton or so.

1、 Price trend of propylene oxide:

(Figure: P value curve of propylene oxide product)

2、 Market analysis:

Product: according to the data of the business club’s bulk list, the market of propylene oxide was temporarily stable on the 24th. By the end of 24 days, the average price of propylene oxide enterprises was 7766.67 yuan / ton, flat compared with yesterday. On the 24th, the main quotation of propylene oxide Market in East China was around 7800-7900 yuan / ton, and that in Shandong was around 7550-7700 yuan / ton.

Industrial chain: on April 23, the market price of propylene in Shandong fell slightly. Last month, the price of propylene in Shandong Province fell in shock. At the end of the month, it fell sharply again, with a monthly decline of more than 15%. On the first day, the price continued to decline by 100-200 yuan / ton, and on the second day, it still declined by 50 yuan / ton. On the third day, the price of some enterprises slightly increased by 50-100 yuan / ton. After the Qing Dynasty, the price of propylene increased steadily. On the seventh day, the price began to rise by 100 yuan / ton, and on the tenth day, it rose by 200-300 yuan / ton, while on the 11th day of Saturday, it rose by more than 1000 yuan / ton. On the 12th day of Sunday, it continued to soar by 1000-5000 yuan / ton, Monday After the sharp rise on weekends, the market may need to digest, the price remained unchanged on the 13th. On the 14th, most of the enterprises’ prices dropped by 1000 yuan / ton, and some of them recovered to the price before the sharp rise. On the 15th, the price dropped by 500-1000 yuan / ton. On the 16th, the price continued to drop by 200 yuan / ton. On the 17th, the price still fell by 400 yuan / ton. On the 18th, Saturday, the price fell again. On the 19th, Sunday, the price remained stable Mainly, on the 20th, the price slightly increased by 50 yuan / ton. On the 21st, the price remained stable. On the 22nd, the price of some enterprises slightly decreased. On the 23rd, the price slightly decreased. On the 23rd, the market transaction was still between 5850-6100 yuan / ton, and the mainstream price was between 5850-5900 yuan / ton. On the 23rd, the downstream polyether market was on the sidelines. The atmosphere of market trading and investment was general. The demand for procurement was the main factor, and the actual order transactions were limited. There was a strong wait-and-see mood.

Industry: according to the price monitoring of the business agency, there are three kinds of commodities in the rise and fall list of bulk commodity prices on April 23, 2020, among which there is one kind of commodity with an increase of more than 5%, accounting for 1.1% of the number of commodities monitored in the plate; the top three commodities are acetone (7.05%), ethanol (1.64%) and bisphenol A (0.23%). There are 22 kinds of commodities falling on a month on month basis, with 2 kinds of commodities falling by more than 5%, accounting for 2.2% of the number of commodities monitored in this sector; the top 3 products falling are hydrochloric acid (- 29.76%), glycol (- 5.53%) and aniline (- 4.22%). The average price of this day was – 0.68%.

3、 Future forecast:

According to the propylene oxide analyst of the business club, the cost side pressure of the propylene oxide plant is still there at present, and the overall operating rate is relatively low, but the demand side performance is general, and the operator is cautious. It is expected that in the short term, the market of propylene oxide will be mainly stagnant finishing operation, and more attention should be paid to the change of raw material price and downstream demand.

On April 25, the hydrogen peroxide commodity index was 85.51, the same as yesterday, down 60.59% from 216.98 (2017-12-24), the highest point in the cycle, and up 19.19% from 71.74, the lowest point on August 3, 2016. (Note: cycle refers to 2011-09-01 to now)

According to the monitoring of the business agency: in April, the price of hydrogen peroxide continued to fall, falling endlessly, and the price fell by more than 12%. At the beginning of the month, the average price of hydrogen peroxide was 903 yuan / ton, and at the end of the month, the average price of hydrogen peroxide was 786 yuan / ton, down 12.91%.

market analysis

Since April, the hydrogen peroxide market has been in a downturn, and the price has fallen sharply. The main reason is that the operation rate of domestic hydrogen peroxide enterprises is increasing and the supply is loose, while the terminal papermaking and printing industries are sluggish, the manufacturers are cautious in purchasing and the demand is low. In addition, due to the impact of foreign epidemic, the export order volume is declining, the market is mainly oversupplied, and multiple negative pressures, the price of hydrogen peroxide water is weak and continues to decline substantially, with the mainstream quotation dropping from 900-1000 yuan / ton to 760-800 yuan / ton The price dropped nearly 200 yuan / ton.

As of April 26, the quotation of hydrogen peroxide in each region is as follows:

Shandong Province: the price of 27.5% hydrogen peroxide in Luxi Chemical Industry is 760 yuan / ton, down 100 yuan / ton from the beginning of the month.

Hebei Province: the price of 27.5% hydrogen peroxide in Zhengyuan fertilizer industry is 800 yuan / ton, down 50 yuan / ton from the beginning of the month.

Anhui Province: the price of 27.5% hydrogen peroxide in Quansheng, Anhui Province is 1000 yuan / ton, down 200 yuan / ton from the beginning of the month.

Hunan Province: Hunan Shuangyang 27.5% hydrogen peroxide price is 900 yuan / ton, 150 yuan / ton lower than the beginning of the month.

Zhejiang: Hangzhou Mingxin 27.5% hydrogen peroxide quoted 1000 yuan / ton, down 100 yuan / ton from the beginning of the month.

Industry chain: in April, the performance of hydrogen peroxide terminal papermaking and printing industry was still poor, mainly weak consolidation. In addition, the crude oil market is repeated, and the price of caprolactam is up and down, so the purchase demand for hydrogen peroxide is general. Due to the impact of foreign epidemic, hydrogen peroxide export orders are limited, demand is flat, and hydrogen peroxide market continues to decline.

Future prospects

Hydrogen peroxide analysts believe that: hydrogen peroxide Market in April downturn, the price is at the bottom. After May 1, the terminal rigid demand recovers, and hydrogen peroxide Market is expected to end the downturn and usher in the rise.