According to the bulk list data of Business News Agency, as of February 22, the average price of domestic industrial 85% formic acid enterprises was 3433.33 yuan/ton, which was 0.98% higher than that of last Friday (February 17).

Recently, the domestic industrial grade 85% formic acid market has been stable after a slight rise. Recently, the price of raw material sulfuric acid has risen, the market of raw material methanol has fluctuated in a narrow range, and the pressure on cost has increased, which has driven the price of formic acid to rise, and the volume of mainstream devices in the early stage has been reduced. However, the market supply is sufficient, the demand of the main downstream formate market is moderate, and the market price is high, and the formic acid market is strong.

Upstream products: upstream sulfuric acid, the domestic sulfuric acid market price was temporarily stable on February 21, and the reference price of sulfuric acid was 243.33 on February 21, up 5.03% compared with February 1 (231.67); Upstream methanol, according to the monitoring of the Business News Agency, the domestic methanol market fluctuated in a narrow range. From February 14 to 21 (as of 15:00 p.m.), the average price of the domestic methanol market in the East China port rose from 2691 yuan/ton to 2714 yuan/ton. The price rose 0.85% and 0.90% month-on-month in the cycle.

According to the formic acid analysts of the Business Society, at present, the cost support is strong, the market is still dominated by inventory digestion, and the demand is expected to rise steadily. In the short term, the domestic industrial grade 85% formic acid market may be dominated by strong operation, and more attention should be paid to the guidance of market news.

Recent price trend of calcium carbide

As can be seen from the above figure, the ex-factory price of calcium carbide in the northwest region fell slightly this week. This week, the average ex-factory price of the mainstream calcium carbide manufacturers in the northwest dropped from 3683.33 yuan/ton at the end of last week to 3583.33 yuan/ton at the end of this week, down 2.71%. The year-on-year decline was 13.65%. The calcium carbide commodity index on February 19 was 93.89, which was the same as yesterday, down 55.76% from the cycle’s highest point of 212.23 (2021-10-26), and up 69.20% from the lowest point of 55.49 on March 14, 2016. (Note: the period refers to September 1, 2011 to now)

Insufficient upstream support and average downstream demand

From the manufacturer’s quotation, the ex-factory price of calcium carbide in northwest China fell slightly this week.

The market price of the upstream semicoke market was low, and the price of the downstream PVC market rose slightly. At the end of this week, the price of Shenmu charcoal was around 1400-1600 yuan/ton, and the cost support was insufficient. The market price of PVC rose from 6153.33 yuan/ton at the beginning of the week to 6193.33 yuan/ton at the end of the week, up 0.65%. The year-on-year decline was 29.86%. The PVC market price fluctuated slightly, and the downstream customers were generally motivated to purchase calcium carbide. The downstream PVC market had a negative impact on the price of calcium carbide.

Calcium carbide may fall in the aftermarket

In late February, the carbide market may fall in a narrow range. The price of raw material blue charcoal is low, and the cost support is insufficient. The downstream PVC market is slightly fluctuating and rising, and the downstream demand is general. In late February, the price of calcium carbide in the northwest region may fall in a narrow range.

Recent price trend of isooctanol

It can be seen from the above figure that the ex-factory price of isooctanol in Shandong Province fell slightly this week. This week, the average ex-factory price of isooctanol mainstream manufacturers in Shandong fell from 9733.33 yuan/ton at the end of last week to 9500.00 yuan/ton at the end of this week, a decrease of 2.40%. Compared with the same period last year, it fell 26.92% year-on-year. The isooctanol commodity index on February 19 was 69.85, which was the same as yesterday, down 49.20% from the highest point of 137.50 (2021-08-08) in the cycle, and up 98.72% from the lowest point of 35.15 on February 1, 2016. (Note: the period refers to September 1, 2011 to now)

Insufficient upstream support and weaker downstream demand

From the manufacturer’s quotation, the ex-factory quotation of Shandong isooctanol mainstream manufacturers fell slightly this week.

From the perspective of the upstream raw material market of isooctanol, the propylene market fell slightly this week. The price fell from 7558.25 yuan/ton at the end of last week to 7513.25 yuan/ton at the end of this week, down 0.60%, down 7.31% year-on-year. The market price of upstream raw materials fell slightly, and the cost support weakened. Affected by the supply and demand side, it had a negative impact on the price of isooctanol.

From the downstream market of isooctanol, the factory price of DOP rose first and then fell this week. The price of DOP dropped by 1.29% from 10050.00 yuan/ton at the end of last week to 9920.00 yuan/ton at the end of this week, down 20.80% year-on-year. Downstream DOP prices fell slightly, and downstream customers’ enthusiasm for isooctanol procurement weakened.

Future prospects

In late February, the market price of isooctanol in Shandong Province was mainly subject to small fluctuations. The upstream propylene market fell slightly and the cost support was insufficient. Downstream DOP market fell slightly, and downstream demand weakened. The isooctanol analyst of the business agency believes that the short-term domestic isooctanol market may fall mainly due to small fluctuations under the influence of supply and demand and raw materials.

The price of DOP fell in shock this week

According to the data monitoring of the Business Agency, as of February 17, the price of DOP was 9920 yuan/ton, down 1.29% from 10050 yuan/ton on February 10. The price of DOP rebounded weakly, and the price of DOP fell sharply this week.

The price of raw material isooctanol fell in shock

According to the price monitoring of the Business Agency, as of February 17, the price of isooctanol was 9500 yuan/ton, down by 2.40% from the price of isooctanol of 9733.33 yuan/ton on February 10. The demand is weak, the price of isooctanol fluctuated and fell this week, the cost of DOP raw materials fell, and the downward pressure on DOP prices increased.

The market of raw material phthalic anhydride recovered

According to the price monitoring of the business agency, as of February 17, the price of ortho phthalic anhydride was 8287.50 yuan/ton, up 0.61% from the price of 8237.50 yuan/ton on February 10. The price of phthalic anhydride is strong this week, but the terminal demand recovery is limited. The market of phthalic anhydride is stagnant this week, the price of phthalic anhydride is stable, and the rising power of DOP is weakened.

Aftermarket expectation

According to DOP data analysts of the Business News Agency, the price of isooctanol, the raw material, fell in shock, the price of phthalic anhydride stabilized, the cost of DOP fell, and the downward pressure on DOP increased. In the future, the cost of DOP fell and the demand was weak, and the price of DOP was expected to fall in shock.

Market overview: According to the data of the bulk list of the business agency, as of February 16, 2023, the market reference price of diethylene glycol was 5376.67 yuan/ton, up 43.34 yuan/ton or 0.81% compared with the price of February 9, 2023 (5333.33 yuan/ton).

It can be seen from the data monitoring of the business agency that the domestic diethylene glycol market has a narrow range this week, and the delivery of goods from the ports in East China is good and stable, with a strong intention to follow up the offer. Up to now, the spot price and this week’s negotiation price are at 5350-5360 yuan/ton. The market in South China is affected by the trend of the market in East China, and the price of the holders has been slightly increased. Up to now, the mainstream spot price is around 5550-5600 yuan/ton. This week, the international oil price rose as a whole, and the cost side support was strong. From the perspective of supply, the main port kept good delivery and the recent shipping schedule gap, and the inventory continued to decline. As of February 13, 2023, the inventory of East China port was about 40800 tons, down by 3300 tons from last week, down by 7.48%. As of February 16, 2023, the total inventory of the two warehouses in Zhangjiagang reservoir area was 39000 tons, down by 2100 tons from last week. On the whole, the performance of diethylene glycol supply side was fair; From the perspective of demand, the commencement of unsaturated resin in the downstream increased slightly this week, and the demand for diethylene glycol remained stable, so there was some support on the demand side. In general, the cost side support is relatively strong, the supply and demand fundamentals support is relatively stable, and the market price continues to rise.

East China Port Arrival Schedule this week and next week

At present, the crude oil market returns to the basic guidance, and it is expected that the international crude oil price will fluctuate and fall, and the cost support of diethylene glycol will be weak; Although the port inventory is stable, the next arrival volume is large, and the expected restart of a 280000 ton unit of Wuhan Petrochemical next week, the domestic output increases, the supply side performance is poor, and in the short term, the downstream unsaturated resin manufacturers are mainly operating at a low level, so the demand for diethylene glycol is difficult to significantly increase. The diethylene glycol analyst of the business agency believes that the cost side support is insufficient, the supply side is affected by the negative impact, and the demand is relatively stable, The short-term market price of diethylene glycol has the possibility of a narrow decline.

1、 Price trend

According to the monitoring data of the Business News Agency, the price of caustic soda was weak this week. At the beginning of the week, the average market price in Shandong was 1092 yuan/ton. At the end of the week, the average market price in Shandong was 1060 yuan/ton. The price fell 2.93%, and the price rose 7.61% compared with the same period last year. The caustic soda commodity index on February 12 was 152.52, which was the same as yesterday, down 42.55% from the highest point of 265.47 (2021-10-27) in the cycle, and up 134.25% from the lowest point of 65.11 on October 9, 2020. (Note: the period refers to September 1, 2011 to now)

2、 Market analysis

According to the survey data of the Business Agency, the domestic caustic soda price fell this week. At present, the average market price in Shandong is about 940-1080 yuan/ton. The ex-factory quotation of 32% of the mainstream liquid caustic soda in Hebei is about 1030-1200 yuan/ton. The price of caustic soda in the site is weak. The inventory of the enterprise is relatively sufficient. The downstream of caustic soda is mainly purchased on demand, and the caustic soda lacks favorable support.

According to the price monitoring of the Business Agency, in the 6th week of 2023 (2.6-2.10), there were 2 commodities that rose, 3 commodities that fell, and 0 commodities that rose or fell. The main commodities rising were: light soda ash (1.10%) and hydrochloric acid (0.65%); The main commodities falling were caustic soda (- 2.93%), PVC (- 0.57%) and calcium carbide (- 0.45%). This week’s average rise and fall was -0.44%%.

Analysts from the Business News Agency believe that in the near future, the price of caustic soda has declined, the downstream alumina procurement is general, the trading atmosphere is relatively light, and the inventory of caustic soda enterprises is sufficient. Now, the majority of caustic soda enterprises are based on demand, and it is comprehensively estimated that the latter stage of caustic soda will be dominated by weak operation, depending on the downstream market demand.

1、 Price trend

It can be seen from the above figure that the domestic market price of neopentyl glycol rose slightly this week. This week, the average price of the domestic mainstream market of neopentyl glycol rose from 10233.33 yuan/ton at the end of last week to 10866.67 yuan/ton at the end of this week, up 6.19%. Compared with the same period last year, it fell 40.05% year-on-year. The commodity index of neopentyl glycol on February 12 was 52.37, which was the same as yesterday, down 49.45% from the highest point of 103.61 (2021-09-22) in the cycle, and up 21.65% from the lowest point of 43.05 on November 28, 2022. (Note: the period refers to the period from September 1, 2021 to now)

2、 Market analysis

This week, the prices of mainstream manufacturers of neopentyl glycol rose slightly.

From the perspective of the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price rose first and then fell this week. This week, the average price of domestic isobutyraldehyde mainstream market rose from 8266.67 yuan/ton at the end of last week to 8566.67 yuan/ton at the end of this week, up 3.63%. There is a downward trend over the weekend. The market price of upstream raw materials rose slightly, and the cost support increased. Affected by the supply and demand side, it had a positive impact on the price of neopentyl glycol.

3、 Future prospects

In the middle and late February, the market trend of neopentyl glycol may fall slightly. The market price of isobutyraldehyde in the upstream rose slightly and the cost support increased, but the price had a downward trend at the weekend. The downstream paint market is general, and the enthusiasm of downstream procurement is weakened. The neopentyl glycol analyst of the business agency believes that the short-term neopentyl glycol market is mainly affected by supply and demand, raw materials and other factors, and the market price may fall slightly.

1、 Price trend

According to the data monitoring of Business News Agency, this week (2.6-2.10), the NMP market was consolidated and operated horizontally, and the average price of electronic NMP was stable at 22666 yuan/ton, with no increase or decrease.

2、 Analysis and comment

According to the data monitoring of Business News Agency, as of Friday, the mainstream quotation of domestic electronic NMP market was 21000-22000 yuan/ton. This week, the NMP market operated steadily, the enthusiasm of downstream market entry was not high, and the manufacturers were weak in pushing up. The cost side support is general, the market consolidation and trading atmosphere is light, and the market needs better guidance.

As of February 10, the mainstream prices of NMP bulk water in different regions in China are as follows:

Region/ February 3rd

East China/ 21000-22000 yuan/ton

Central China/ 21000-22000 yuan/ton

Southwest China/ 21000-21500 yuan/ton

Raw materials: BDO market stabilized after rising this week. Recently, the market lacks clear guidance, and many operators enter the market to wait and see. Some factories released the overhaul news, but the boost to gas buying was limited; The downstream inquiry atmosphere is general.

3、 Aftermarket forecast

NMP analysts from the Business Agency believe that the current NMP market is stable in supply and demand, and weak in buying gas, which leads to insufficient driving force. In the short term, the NMP market is expected to maintain stable operation without significant rise and fall in raw materials.

According to the data monitoring of Business News Agency, as of February 6, 2023, the reference average price of 30% grade phosphate ore in China was around 1056 yuan/ton, which was basically the same as that of January 28, 2023. Compared with June 15, 2022 (the reference price of phosphate ore was 1043 yuan/ton), the price increased by 13 yuan/ton, or 1.21%.

It can be seen from the data monitoring chart of the business agency that the return of the Spring Festival holiday in 2023 will temporarily stabilize the domestic phosphorus ore market. The downstream demand of phosphate rock is relatively slow to open, the overall news of the phosphate rock market is relatively calm, and the phosphate rock industry is multi-dimensional with the pre-festival quotation. As of February 6, 2023, the domestic market price of 30% grade phosphate ore is around 1030-1080 yuan/ton, and the price of 28% grade phosphate ore is around 950-980 yuan/ton. The reference price of 32% grade phosphate ore is around 1150-1250 yuan/ton. There is also a gap between the specific price and the raw ore specification and the powder to lump ratio, and the specific price needs to be negotiated on a real basis.

Prediction and analysis of the future trend of phosphate rock

At present, the overall trading atmosphere of the phosphorus ore market is relatively quiet. However, with the arrival of the spring planting season, the downstream demand will gradually recover. The phosphorus ore statistician of the business agency believes that in the short term, the domestic phosphorus ore market is mainly stable and strong, and the specific trend needs to pay more attention to the changes in the supply and demand information.

From January 27 to February 3, 2023, the market price of antimony ingots in East China rose, with the price of 78250 yuan/ton at the end of last week and 81500 yuan/ton at the end of this week, up 4.15%.

The commodity price K-bar chart uses the concept of price trend K-line to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investments according to the changes in the K-bar chart. Red indicates: rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the above figure that the recent upward trend of antimony ingot market before and after the Spring Festival, entered a stable period after the middle of March, entered a downward channel in the middle of April, the decline slowed down at the end of April, the trend was stable in May, the price entered an upward channel in June, and then went down again after a brief stable period in July. After August, the market stabilized step by step, remained flat for seven consecutive weeks, the price began to decline continuously at the end of October, and slightly recovered after the end of December.

European strategic small metal antimony price this week (unit: USD/ton)

Variety/ January 27/ February 3/ Up and down

European small metal antimony/ 12600./12700./+100

This week, the price of European strategic small metal antimony was temporarily stable, and the price was at $11500/ton as of January 6, which was temporarily stable during the week, which had a certain boost to market sentiment.

After the holiday, the antimony market rose broadly, the price continued to rise, and the market trading was relatively active, about a week earlier than the market recovery in previous years. Affected by the holiday, the supply continued to be in short supply, which magnified the problem of tight supply at the mine end. Under the superposition of double shortages, the market mentality was boosted, and prices continued to rise. In terms of demand, driven by the current market atmosphere, the market is active in trading, inquiry is active, and the export situation is expected to improve, and the actual transaction in the market is significantly improved. In the future, the price of antimony ingot will remain stable, medium and strong in the future, under the expectation of tight supply and improved demand.

Antimony oxide price trend this week (unit: yuan/ton)

Variety/ January 27/ February 3/ Up and down

99.5% antimony trioxide./69500./73000./+3500

99.8% antimony trioxide./70500./74500./+4000

This week, the antimony oxide market rose broadly, the market turnover was significantly improved, the supply of raw materials was tight, and the downstream market procurement was more active than in the early stage. Under the expectation of export improvement, the market was stronger.