1、 Price trend

According to the data of the business club’s large scale list, the market price of propylene (Shandong) in China rose steadily this week, with the weekly low price of 6605 yuan / ton at the beginning of the week; the weekly high price of 6876 yuan / ton on Friday, with the weekly increase of 4.10%.

2、 Analysis and comment

After a week’s rally in early June, Shandong propylene market showed a significant correction in the middle of the price. According to the price of the business agency, last week’s 7-day cumulative decline of 350 yuan / ton. But at the end of the week, the price stopped falling and recovered. Today, the price has risen 350-450 yuan / ton continuously. Now, the market turnover is between 6850-7150 yuan / ton, and the mainstream price is about 6850 yuan / ton. At present, propylene manufacturers have no inventory pressure, but due to continuous rise, the delivery situation is general.

In early June, the international crude oil price rose significantly, and declined slightly in the later period, but it was still up-regulated as a whole, which had a little pull-up effect on propylene.

In recent days, PP futures market is relatively cold. This week, PP spot rose slightly, with a weekly increase of 0.86%, which has little impact on propylene.

This week, acrylic acid market declined slightly, with a weekly decline of 0.81%, which had little impact on propylene.

This week’s propylene oxide market rose steadily, up 2.04% on a certain positive impact on propylene.

Epichlorohydrin prices fell steadily this week, down 2.48%, which had a negative impact on propylene.

This week, the domestic price of n-butanol rose significantly at the weekend, with a weekly increase of 1.83%, which has a little effect on propylene.

This week, octanol rose steadily after rising, up 2.14%, slightly positive impact on propylene.

Affected by the epidemic situation, isopropanol market, as one of the raw materials of foreign disinfectants, fell significantly this week, with a weekly decline of 4.60%, which had some negative impact on propylene.

Phenol Market in East China fell slightly at the end of the week, down 1.92%, which had a certain suppression effect on propylene.

The acetone market in East China stabilized after a decline, with a weekly decline of 2.16%, which also had a certain suppression effect on propylene.

3、 Future forecast

According to the propylene analyst of the chemical branch of business society, on the whole, the international crude oil market has a slight upward trend, and propylene manufacturers have no overstocked inventory, but the long-term upward trend leads to a relatively cold sales situation, while the trend of the downstream market is weak, with a steady decline, and some downstream markets still have an upward trend, but the general upward trend does not exceed propylene, so it is expected that the price of propylene will start to decline in recent days.

According to the data of business agency: on June 15, the weekly average price of domestic industrial grade formic acid was 1883.33 yuan / ton. As of June 19, the weekly average price of domestic industrial grade formic acid was 1850.00 yuan / ton, a decrease of 7.5%. This week, the weak formic acid market mainly fell.

2、 Market analysis

This week, the domestic industrial grade 85% formic acid market as a whole showed a weak trend of maintaining stability. Due to the restrictions of foreign trade export, the prices of some manufacturers were slightly reduced. At present, the market has sufficient supply of goods, and the equipment delivery is normal. Price: this week, the price of industrial barreled water is generally around 2180 yuan / ton, and the factory price of main industrial purified water of formic acid is around 1850 yuan / ton. As of Friday (June 19), Jinzhou jinhongda Chemical Co., Ltd. has quoted 1750 yuan / ton; Zibo Pulis Chemical Co., Ltd. 1500 yuan / ton; Zhangzhou Sanan Chemical Co., Ltd. 1400 yuan / ton; Luxi Chemical Co., Ltd. 1700 yuan / ton; Hangzhou Fengchang Trade Co., Ltd. 85% formic acid industrial barrel price 2300 yuan / ton.

The mainstream of the liquid ammonia Market of the upstream product of formic acid is stable, moderate and narrow range adjustment, and the quotation of some manufacturers is increased, so the market demand is acceptable. The domestic caustic soda market fluctuates in a narrow range, and the downstream is mostly purchased on demand. It is expected that the market will fluctuate in a narrow range in the later period. The upstream products generally support the formic acid market, while the demand for leather and pesticide industry of the downstream products does not increase significantly.

3、 Future forecast

According to the formic acid data division of business association, the domestic industrial grade 85% formic acid market as a whole shows a weak trend of maintaining stability. At present, the market supply is fair, the downstream demand does not increase significantly, and the formic acid market is not good enough. It is expected that the domestic industrial grade 85% formic acid market will remain stable and decline in the short term.

1、 Price trend

According to the monitoring data of business agency, the average ex factory price of ammonium sulfate in China was 576 yuan / ton on June 8, 573 yuan / ton on June 12, and the price fell 0.58% this week.

On June 12, the ammonium sulfate commodity index was 47.98, unchanged from yesterday, 54.86% lower than the highest point 106.28 (2012-05-24), and 30.91% higher than the lowest point 36.65 on June 23, 2014. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

Due to weak demand this week, domestic ammonium sulfate prices fell slightly. The main quotation of ammonium sulfate in Central China is about 490-650 yuan / ton, that in Henan is 500-560 yuan / ton, that in Hebei is 470-630 yuan / ton, that in Shandong is 510-570 yuan / ton, that in East China is 500-650 yuan, that in North China is 470-650 yuan / ton, and that in Northeast China is 470-650 yuan / ton The factory quotation of ammonium sulfate mainstream is 520-650 yuan / ton.

This week, the market of downstream compound fertilizer enterprises was in a stalemate operation, and the demand side continued to weaken. At present, it is in the off-season of fertilizer market, and the autumn fertilizer market has not yet started. In the short term, the market of compound fertilizer is in weak and stable operation, and real-time attention is paid to the changes of policies in the fertilizer market.

3、 Future forecast

Analysts of ammonium sulfate of business association think that at present, the demand of coking grade ammonium sulfate is not good, and the market is weak. The trading price of ammonium sulphate in Inner grade fluctuates slightly and is relatively low. It is predicted that the price of ammonium sulfate will be weak and stable in the short term.

1、 Price trend

The ex factory price of octanol rose slightly in Shandong this week. This week, the average ex factory price of main octanol in Shandong increased from 6666.67 yuan / ton at the beginning of the week to 6816.67 yuan / ton at the end of the week, up 2.25%, down 3.31% year on year compared with the same period last year. Overall, octanol rose this week, with the June 5 octanol commodity index at 50.12.

2、 Market analysis

From the manufacturer’s quotation, the factory quotation of the mainstream octanol manufacturers in Shandong this week slightly increased: the quotation of the octanol of Jianlan Chemical Co., Ltd. this week is 6700 yuan / ton, which is temporarily stable compared with that at the beginning of the week; the quotation of the octanol of lihuayi this weekend is 6850 yuan / ton, which is 250 yuan / ton higher than that at the beginning of the week; the quotation of the octanol of hualuhengsheng this weekend is 6900 yuan / ton, which is 200 yuan / ton higher than that at the beginning of the week.

From the perspective of upstream and downstream industry chains, the market of raw materials upstream of octanol and propylene market rose this week. The quotation rose from 6642.73 yuan / ton at the beginning of the week to 6901.91 yuan / ton at the end of the week, up 3.90%, down 1.92% year-on-year. The price of raw materials in the upstream market is rising, which has a positive impact on the price of octanol due to the impact of supply and demand.

Lower octanol market, DOP factory prices rose this week. DOP’s quotation increased from 6983.33 yuan / ton at the beginning of the week to 7133.33 yuan / ton at the end of the week, up 2.15%, down 2.06% year on year. Downstream customers are more active in purchasing octanol, demand for octanol is higher, and DOP price increase has a positive impact on octanol market. The aftermarket operators mostly wait and see the trend of DOP.

3、 Future forecast

In the middle of June, the trend of Shandong octanol market may fluctuate slightly. The upstream propylene price increased slightly, the cost support was strong, and the downstream procurement enthusiasm was good. According to the octanol analysts of the business agency, the octanol market in Shandong in mid June may rise slightly under the influence of supply and demand and raw materials.

According to the monitoring of the business agency, the price of domestic fluorite rose in the first week of June. As of the 5th day, the average price of domestic fluorite was 2722.22 yuan / ton, 2.30% higher than 2661.11 yuan / ton at the beginning of the week, and 8.30% lower than the same period last year.

The price of fluorite continued to rise in June, among which the biggest positive factor was the shortage of domestic fluorite spot. Some manufacturers reported that the recent increase of orders for fluorite, the shortage of spot goods in the field, the strong rising sentiment of domestic fluorite manufacturers, the domestic fluorite powder operating rate maintained a low level of about 40%, the supply of domestic fluorite goods was slightly tight, the fluorite price was ready to develop, and the price in the field was a little tight Continue to rise. The domestic fluorite manufacturers operate stably, the on-site mines and flotation units are in normal operation, the on-site delivery of fluorite is improved, and the fluorite market price is slightly higher. In the near future, the market price of downstream hydrofluoric acid is still low, and the downstream purchase of terminal is mainly on demand. As of the 5th, the price of 97 fluorite wet powder in Inner Mongolia is 2600-2700 yuan / ton, that of 97 fluorite wet powder in Fujian is 2700-2800 yuan / ton, that of 97 fluorite wet powder in Henan is 2700-2900 yuan / ton, and that of 97 fluorite wet powder in Jiangxi is 2700-2800 yuan / ton. In the near future, domestic fluorite businesses are bullish Xu strong, fluorite market has a slight upward trend.

The market price of hydrofluoric acid in the downstream of fluorite fluctuated. As of the 5th day, the market price of hydrofluoric acid in China was 8630 yuan / ton, and the start-up of hydrofluoric acid plant in China fell to less than 50%. Some hydrofluoric acid manufacturers reported that the downstream procurement was not active, the price of hydrofluoric acid was low, and the low market price of hydrofluoric acid had a certain negative impact on the upstream fluorite market, and the increase of domestic fluorite market was limited. Recently, the sales of automobile industry have improved, but the market trend of refrigerant downstream of the terminal is still depressed. There is no obvious improvement in the demand for refrigerant. With the continuous recovery of foreign economy, the export of refrigerant terminal may be improved. However, the domestic air conditioning industry starts at a low level and the demand for maintenance and after-sales is weak. On the whole, foreign demand may rise. At present, the refrigerant R22 manufacturer’s load is not high, the inventory is in a reasonable range, and the market price is still fluctuating, but the situation of market price or not appears. The mainstream price of R22 for domestic large enterprises is 14500-16500 yuan / ton. The price trend of R134a market in China is declining, and the unit operation rate of production enterprises remains low. At present, the downstream operation is not high, the demand for R134a is cold, the procurement of downstream industry is not active in the near future, the price drops slightly, the downstream demand is not significantly improved, and the growth of fluorite market is limited to some extent.

On the whole, the market of downstream refrigerant industry has not improved significantly, and the demand of air conditioning industry may end at the end of May. However, in the near future, hydrofluoric acid merchants report that the price of hydrofluoric acid is difficult to rise. Chen Ling, an analyst of business agency, thinks that the market price of fluorite may rise slightly in the short term, but the rise is not large.

The national weather is getting hotter, the use of automobile oil is increasing, and the demand for gasoline is increasing market price. According to the price monitoring data of the business agency, the domestic gasoline price this week was 4893 yuan / ton, 4.89% higher than that of last week. In contrast, the demand side of diesel price lacks upward space. According to the price monitoring data of business agency, the domestic diesel price is 4932 yuan / ton, a slight drop of 0.37% compared with last week’s diesel price.

In summer, the support for gasoline consumption is more obvious, with the increase of main outsourcing and downstream replenishment. In addition, under the influence of the buying atmosphere, the operation of traders’ hoarding has also increased, and the overall demand for gasoline is improving. At the same time, gasoline exports increased, easing the supply pressure of the gasoline market. According to the data of the General Administration of customs, in April 2020, China’s gasoline export volume was 1.9 million tons, up 4.4% month on month and 62.39% year on year.

In contrast, the rising temperature in summer and limited outdoor operation limit the demand of diesel market, but the rigid demand industry still has strong support for the market. In addition, the decrease of diesel export affects the rise of diesel price. According to the data of the General Administration of customs, in April 2020, China’s diesel export volume was 2.57 million tons, down 9.19% month on month, down 1.1% year on year.

Recently, the international crude oil price is short of news and guidance. This week, the WTI crude oil price fluctuated between us $33-34.5 / barrel, with a weekly drop of only 0.62%, which has little effect on the market guidance.

3、 Future forecast

Lu Xingjun, an oil product analyst with business club, believes that: at present, the crude oil market has entered into a short-term volatile market and failed to break the “floor price” of domestic oil products of $40 / barrel. There will be cooling weather in the north and south of the country starting next week, which is not conducive to the consumption of oil products. It is expected that the domestic oil product market will be stable and moderate.

1、 Price trend of sodium pyrosulfite in China

According to the monitoring of the business association, the domestic price of sodium pyrosulfite continued to move forward steadily this week. The average price of industrial grade sodium pyrosulfite at the beginning of the week was 1576.67 yuan / ton, and the average price at the end of the week was 1576.67 yuan / ton, up or down by 0.

2、 Market analysis

This week, the overall market of sodium pyrosulfite is still sluggish. The market price range of industrial grade sodium pyrosulfite is 1300-1700 yuan / ton, and most of the prices are 1400-1600 yuan / ton. The downstream main body has a strong wait-and-see attitude, the overall market trading is light, the enterprise mainly completes the orders of old customers, and the increase of new orders is limited. (the above prices refer to the foreign quotations of domestic mainstream enterprises, some of which are temporarily out of their scope, and the prices are only for reference, not related to the final pricing of the manufacturer. For details, please contact each manufacturer for consultation).

This week, the domestic soda price continued to run at the bottom, the sulfur price picked up slightly, the raw material cost continued to be low, and the market price of sodium pyrosulfite was under pressure.

3、 Future forecast

Business analysts believe that the market price of sodium pyrosulfite will continue to be weak at the bottom in the short term.

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.