The sulfur commodity index on September 29 was 46.64, up 0.37 points compared with yesterday, 55.08% lower than 103.84 points (2011-11-02), and 80.85% higher than the lowest point of 25.79 on February 24, 2020. (Note: period refers to 2011-09-01 to now)

According to the price monitoring of the business agency, the average price of sulfur production in East China was 850.00 yuan / ton, with a price increase of 0.79%. On the 29th, domestic refineries adjusted their prices according to their own shipment situation. The quotation of solid sulfur in East China was increased by 20-50 yuan / ton. The sulfur quotation in North China and Shandong was temporarily stable, and the sulfur market remained stable and upward trend. Near the double festival, refineries in various regions of China maintain low inventory operation, and the downstream procurement enthusiasm is not high, and the market is mainly cautious and wait-and-see. The mainstream prices of solid sulfur and liquid sulfur in North China of SINOPEC are 710-800 yuan / T and 660-720 yuan / T; those of Sinopec in East China are 860-1060 yuan / ton and 760-900 yuan / ton; those in Shandong Province of SINOPEC are 840-850 yuan / ton and 840-850 yuan / ton respectively.

The market of sulfuric acid rose slightly. The inventory of sulfuric acid enterprises in Shandong remained low, and the downstream procurement was stable, and the market transaction atmosphere was good. In the aspect of phosphate fertilizer, the market export and domestic demand were stable, the price trend of Monoammonium and diammonium was stable, fertilizer use in autumn entered the end stage, and the market was stable in the later stage.

Aftermarket forecast: at present, the price of domestic sulfur market is stable, and the quotation of sulfur enterprises is mainly stable. It is close to the National Day holiday, and the atmosphere of the festival is strong. It is expected that the sulfur market will be stable in the short term.

Price trend:

According to the business agency data monitoring, this week, the o-benzene contract quotation is stable. As of September 27, Sinopec has offered 4400.00 yuan / ton of o-xylene in East China and 4400 yuan / ton in North China, which is stable compared with the beginning of the week, and the market of o-xylene is temporarily stable.

Upstream market of o-benzene

It can be seen from the mixed xylene price trend chart that the mixed xylene price of o-xylene raw material fluctuated and fell this week, and the cost of o-xylene decreased, which was negative for the o-xylene market.

As can be seen from WTI crude oil price trend chart, the crude oil market this week fell by 1.82%. The crude oil price fluctuated and fell, the pressure of the cost drop of the downstream industry chain increased, the market of the downstream industry chain was negative, and the market of o-benzene was negative.

Trend of downstream products

It can be seen from the phthalic anhydride price trend chart that the phthalic anhydride price fluctuated this week, and the phthalic anhydride market was strong and stable, which was good for the o-benzene market.

Future forecast:

Bai Jiaxin, an o-xylene data analyst at the business club, believes that this week’s fall in crude oil prices will have a negative impact on the downstream industrial chain, and the o-benzene market will be negative. The upstream mixed xylene price will drop, the cost of o-xylene will drop, and the rising power of o-benzene will decrease, and the downward pressure will increase. The overall situation of the market after o-xylene will be weak and stable.

1、 Price trend

According to the large data list of business associations, the average price of domestic phosphoric acid on September 24 was 4866.67 yuan / ton, up 1.04% compared with the beginning of the month, 0.66% on a month on month basis, 9.03% lower than the beginning of the year, and 10.98% lower than the same period last year.

2、 Market analysis

In September, the phosphoric acid market broke the calm and went up steadily. This month’s rise was mainly due to the tight spot price of raw material yellow phosphorus, which was transmitted to the phosphoric acid market. In the first half of the month, the phosphoric acid market was relatively calm. Under the off-season, the demand was relatively stable, and the actual trading atmosphere was slightly light. In the face of upward pressure on costs, the phosphoric acid market was cautious and wait-and-see situation, and some sporadic small rises were explored. In the second half of the month, the price of raw material yellow phosphorus continued to rise, and the enthusiasm continued to increase. Superimposed on the approaching holiday, the downstream started the pre holiday stock mode. The phosphoric acid market was boosted by this, and the price of phosphoric acid increased slightly. Some enterprises also kept a steady wait-and-see market.

At present, the downstream replenishment has increased compared with the previous period, the manufacturers’ delivery pressure is not great, the trading atmosphere is slightly improved, and the southwest region is in a smooth flow with positive adjustment, but the demand is not in large volume, and the rising space is limited. Take KANGLONG, Sichuan Province as an example, the price at the beginning of the month is 4550 yuan / ton, and the price at the end of the month is 4600 yuan / ton, a slight increase of 50 yuan, which is relatively stable in other regions. Near the end of the month, the delivery plan of phosphoric acid enterprises before the festival is mostly full, a small amount of terminal replenishment, and the market is expected to maintain stable operation before the festival.

According to the monitoring of the business agency, as of September 24, the average market price of 85% industrial purified water phosphoric acid was about 4870 yuan / ton, the price in Sichuan was 4600-5300 yuan / ton, the price was rising, the price in Guangxi was about 4750 yuan / ton, and the transaction was stable; the quotation in Yunnan was about 4800 yuan / ton, the price was temporarily stable; in Beijing, the price was about 4700 yuan / ton, the price was temporarily stable; in Hubei, the price was 4800-4850 yuan The price of Tianjin is about 5500 yuan / ton, which is stable for the time being; the price of Jiangsu is about 4450-4500 yuan / ton, with little fluctuation. Prices around the country remained stable and wait-and-see, with the focus moving up slightly.

Regional product specification date price (yuan / ton)

Phosphoric acid content: 85% in East China

Phosphoric acid content: 85% in Southwest China

Phosphoric acid content: 85% in Central China

On September 24, the phosphoric acid industrial chain index was 87.19, up 0.12 points compared with yesterday, 17.94% lower than 106.25 points (2012-03-22), and 12.36% higher than 77.60 points, the lowest point on July 2, 2019. (Note: period refers to 2011-12-01 to now)

The price of yellow phosphorus in the upper reaches has increased steadily recently. Manufacturers mainly issued early orders, yellow phosphorus spot tight, traders wait-and-see mood is obvious, high price transaction limited. However, a small number of downstream enterprises that did not prepare goods in time also have the possibility of taking goods at high prices. Forecast: in the short term, the price of yellow phosphorus is mainly high.

At present, China’s phosphate ore market is still weak and stable, with insufficient downstream purchasing power, less support for phosphate rock, and lack of large single support in the field. Therefore, it is expected that the short-term demand side of phosphate ore market will not improve significantly. In late September, the overall phosphate ore market is still weak and stable, the upward momentum is slightly weak, and the overall market fluctuation is limited.

Sulfuric acid, in late September, the market of sulfuric acid in Shandong area or a small shock rise. The price of sulfur in the upstream has risen slightly in recent years, and the downstream market has been consolidated at a high level. The demand for sulfuric acid in the downstream is positive, and the product trend is upward under the contradiction between supply and demand. The sulfuric acid analysts of the business agency believe that the short-term Shandong market in the supply and demand and raw materials and other aspects of the impact of sulfuric acid market or a small rise.

The autumn sales of ammonium phosphate and monoammonium in the lower reaches have basically come to an end, and the winter storage policy has not yet been issued. It is expected that monoammonium finishing will be mainly operated in the short term. At present, the domestic demand for diammonium is acceptable, but the new orders are few. The export market is good and the price is always strong. The operation of diammonium is expected to be stable in the short term.

3、 Future forecast

The phosphoric acid analyst of the chemical branch of the business society believes that, near the end of the month, the delivery plan of phosphoric acid enterprises before the festival is mostly full, and a small amount of replenishment at the terminal, and the market before the festival is expected to maintain stable operation.

1、 Price trend

This week, the price of calcium carbide in Northwest China dropped slightly. This week, the average ex factory quotation price of mainstream calcium carbide manufacturers dropped from 2740.00 yuan / ton at the beginning of the week to 2730.00 yuan / ton at the end of the week, down 10 yuan / ton or 0.36%, and 4.77% compared with the same period last year. Overall, this week’s calcium carbide market fell slightly, the carbide commodity index on September 18 was 71.53.

2、 Trend analysis

According to the manufacturer’s quotation, the price of calcium carbide in Northwest China has been stable and falling this week: the price of calcium carbide from ovicanon is 2800 yuan / ton at the end of this week, which is 30 yuan / ton lower than that at the beginning of the week; the price of calcium carbide in Inner Mongolia and China Union is 2690 yuan / ton at the end of this week, which is temporarily stable compared with the beginning of the week; the quotation of calcium carbide in Xingping of Ningxia is 2700 yuan / ton at the end of this week, which is temporarily stable compared with the beginning of the week.

Overall, the actual transaction price of calcium carbide in Northwest China is about 2650-2800 yuan / ton this weekend: the mainstream transaction price of calcium carbide in Shaanxi is about 2800 yuan / ton; the mainstream transaction price of calcium carbide in Ningxia is about 2700 yuan / ton; the mainstream transaction price of calcium carbide in Inner Mongolia is about 2650 yuan / ton, and the actual transaction price is mainly through negotiation.

From the calcium carbide upstream and downstream industry chain, upstream raw material market, orchid charcoal factory quotation this week temporarily stable. At present, the quotation of small materials is 560 yuan / ton, that of medium materials is 580 yuan / ton, and that of large materials is about 750 yuan / ton. The low price consolidation of upstream raw materials and the general cost support have a negative impact on the price of calcium carbide.

Downstream market, PVC factory price rose slightly this week. The price of PVC increased from 6580.00 yuan / ton at the beginning of the week to 6667.50 yuan / ton at the end of the week, up 1.33%, and decreased by 2.06% compared with the same period last year. This week, PVC prices rose slightly, the market is good, downstream purchasing enthusiasm for calcium carbide, overall, PVC market this week has a positive impact on calcium carbide prices.

3、 Future forecast

In late September, calcium carbide market fluctuated slightly. The price of raw materials in the upstream is low, which generally supports the price of calcium carbide, while the price of PVC in the downstream rises slightly. The downstream customers are more active in purchasing calcium carbide. Moreover, the production capacity of calcium carbide is insufficient at this stage, and the supply of calcium carbide is tense. The later market forecasts that the price of calcium carbide in Northwest China will rise slightly in late September.

According to statistics, the price trend of domestic p-xylene factory was temporarily stable this week, with an average price of 4600 yuan / ton at the weekend, which was temporarily stable compared with the price of 4600 yuan / ton at the beginning of the week, with a year-on-year decrease of 30.3%.

The domestic PX operating rate is about 60%. The operation of Hongrun 600000 ton new unit is stable, Huizhou refining and chemical plant is stable, fuhaichuang plant is on the first line, Pengzhou petrochemical plant is running stably, Yangzi Petrochemical PX unit is running normally, Jinling Petrochemical plant is running smoothly, Qingdao Lidong unit is operating at full load, Qilu Petrochemical plant is running stably The start-up of Urumqi petrochemical plant is about 50%, and Hainan refining and Chemical Co., Ltd. has started a production line. Hengli petrochemical plant is in normal operation, the domestic p-xylene supply is normal, and the domestic p-xylene market price trend is temporarily stable. This week, the operating rate of PX plant in Asia is about 70%, and the supply of PX goods in Asia is normal. This week, the price trend of PX external market has risen slightly. As of the end of the week, the closing prices of PX market in Asia are 543-545 USD / T FOB Korea and 561-563 USD / T CFR China. This week, the external price of PX has slightly increased. More than 40% of domestic products need to be imported, and PX external price is on the closing price Rise to the domestic market to bring a certain positive support, domestic PX market price trend temporarily stable.

The U.S. WTI crude oil futures market price rose sharply this week. As of the 17th, the settlement price of the main contract in the U.S. WTI crude oil futures market was at $40.97/barrel, and the settlement price of the main contract in the Brent crude oil futures market was at $43.30/barrel. The sharp rise in oil prices was mainly due to the sharp decline in US crude oil and gasoline stocks, and the superposition of Hurricane “Sally” forced a large number of U.S. oil production to be blocked. The rebound of oil price is mainly due to the force majeure of Hurricane “Sally”. At present, the fundamentals are still not optimistic. The number of new cases of the epidemic is still high. In order to stimulate the economy, the relaxation of blockade measures in various countries has brought difficulties to the later stage of epidemic prevention. Moreover, in winter, the possibility of outbreak counterattack is increasing, and the fuel demand will continue to be under pressure in the medium and long term, and the pressure of crude oil price continues to rise The price trend of domestic p-xylene market remained stable for the time being.

This week, the price trend of downstream PTA market was mainly fluctuating. As of the end of the weekend, the PTA Market in East China had been discussed for 3400-3500 yuan. Recently, the starting load of PTA industry was 87%. The overall high-yield and sales of downstream polyester were difficult to sustain. The production and sales of mainstream large polyester filament factories were 50% – 70%, and the production and sales of some better factories could reach 110%. In terms of inventory, the overall inventory of polyester market is concentrated in 33-43 days, among which POY inventory is up to 11-17 days, FDY inventory is around 22-34 days, and DTY inventory is about 31-43 days. The quotation of the factory is basically stable. At present, some of its own devices are planned to restart, and the downstream polyester production and sales are poor, the market atmosphere is flat, and whether the terminal consumption capacity can continue to improve remains to be observed The price trend of toluene remained stable for the time being.

On the whole, the demand of textile industry has not improved significantly, the order performance is not stable, and the terminal demand is poor. For upstream Px, on-demand procurement is the main factor, and the price trend of PX market is stable.

Chen Ling, PX analyst of business agency, thinks that the recent trend of crude oil price is rising, but the operating rate of downstream textile enterprises is general, PTA market price remains low and volatile, domestic PX market supply is normal, and it is expected that PX market price will maintain about 4600 yuan / ton next week.

Bisphenol a market in East China is running at a high level, and the reference for negotiation is 12400-12500 yuan / ton. After the factory’s sharp increase of 500 yuan / ton yesterday, the market followed the upward trend. Yesterday, both the market and the factory offer were at a high level. The downstream inquiry was positive, but the transaction was rare. On the whole, the market was relatively contradictory to the high price. Today, the market entered a state of rest, and the overall market maintained a high level. Under the tight supply of goods, there was basically no pressure on the shippers to deliver goods and the transaction was at a high level. It is expected that the domestic bisphenol a market will be stable in the short term. The market negotiation in East China will be at 12500 yuan / ton. Next week, it will be ready for the national day. The Business Association expects that the bisphenol a market will run at a high level before the festival. At the end of the day, bisphenol offers across the country were as follows:

Regional price rise and fall

East China 12350-12400 100

12400-12500 100 in North China

According to the data monitoring of the business agency, as of September 11, the average ex factory price of domestic butanone market was 5833.33 yuan / ton. Compared with the price on September 7, the average price of butanone decreased by 333 yuan / ton, a decrease of 5.41%, and a decrease of 383 yuan / ton or 6.17% compared with September 1.

This week, the domestic butanone market was cold and the decline was not shallow

The overall domestic butanone market fell this week. The atmosphere of market inquiry was general. The downstream purchasing was not active. The market was cold. The overall demand was low and the supply was slightly more. The manufacturers were tight in maintaining the just needed purchase, and there were few restockers. In terms of exports, the impact of international public events weakened exports and increased domestic trade pressure. At present, as of the 11th, the number of closed orders increased. The mainstream transaction price of butanone in East China was 5700 yuan / ton, down 300 yuan / ton compared with last week; the market in South China fell coldly, with the mainstream transaction price at 6100 yuan / ton, down 150 yuan / ton compared with the beginning of the month; the weakness of North China saw the mainstream transaction price of butanone at 5700 yuan / ton, down 100 yuan / ton compared with last week.

Price quotation of butanone in some areas of China (for reference only)

Regional product specifications up and down 9 / 1 9 / 11

South China butanone purified water delivery: 6300 yuan / ton: 6000 yuan / ton – 300 yuan

East China butanone purified water storage 6150 yuan / ton 5800 yuan / ton – 350 yuan

North China butanone purified water delivery: 5800 yuan / ton 5600 yuan / ton – 200 yuan

On the upstream side, in September, when entering the traditional sales peak season, the LPG civil market did not show an upward trend, but fell. The reasons are as follows: first, demand. With the arrival of autumn, the temperature gradually drops, the weather turns cool, and the terminal demand is expected to grow. However, due to the current market situation, the terminal consumption is still weak, most of the downstream purchasing capacity is insufficient, and the shipping atmosphere of manufacturers is not good. Secondly, with the introduction of Saudi Aramco’s CP price in September at the end of August, although there was an increase, the increase was significantly lower than expected, which provided limited support to the market. Third, affected by the upstream international crude oil, due to the slowdown of economic recovery, expected warming, weak fuel demand and the impact of Saudi Arabia’s oil price adjustment. According to monitoring, in the week of September 4, oil prices fell for three consecutive days, and the WTI fell by nearly 7%. Crude oil pressure downward, news negative liquefied gas market. At present, the supply of liquefied gas market has little change, and the output is relatively sufficient. As a result, the civil market of liquefied gas did not rise but fell. According to the data monitoring of the business agency, the average price of LPG in Shandong market was 3200.00 yuan / ton on September 1, and 3043.33 yuan / ton on September 10, a decrease of 4.9% during the period.

Heard that Shandong factory has parking expected to reduce production capacity, down the business or support the market

At present, the domestic butanone market is mainly stable for the time being, and the fatigue still exists. The industry has a strong wait-and-see mood. The South China shippers have a heavy bearish mentality, showing a weak trend. It is expected that the butanone market may have further decline risk in the short term.

1、 Price trend

According to the business club’s big list data, this week’s domestic toluene market trend is stable. As of Friday, the domestic average price was about 3370 yuan / ton, up 0.3% month on month.

2、 Analysis and comment

The price trend of toluene is stable this week. Sinopec’s enterprises listed toluene price stable this week. As of the end of this week, the port inventory in East China was about 60000 tons, falling to the lowest level since the middle of March, but it is still high, and the pressure to go to the warehouse still exists. The market supply is still surplus, but the demand for blended oil and solvent in the downstream shows signs of improvement, the demand for toluene is slightly improved, the market trading atmosphere is slightly improved, and the overall supply and demand situation tends to be stable. At present, the mainstream price in East China is about 3450 yuan / ton. The market continued to pay attention to the impact of the geopolitical situation on the supply of crude oil due to the new coronavirus epidemic, the impact of the geopolitical situation in the Middle East on the supply of crude oil, the continued spread of the overseas epidemic delayed the impact of economic restart on the demand for crude oil, and the progress of the European and American economic recovery rescue plan.

Upstream, for crude oil, moderate fuel demand at the end of the summer led investors to be cautious about crude oil prices, adding to the stock market crash later this week, resulting in the largest weekly decline in WTI crude oil and distribution since June. As of Friday, spot Brent fell $3.665/barrel to close at $41.21/barrel, down 8.17% month on month. Analysts and traders were bearish on the outlook for crude oil next week. The future crude oil demand outlook and oil price trend mainly depend on the global epidemic trend and the orderly recovery of various countries’ economies. Meanwhile, the progress of the new crown vaccine, the linkage with the US dollar index and the stock market, and how oil producing countries and oil companies adjust their production are also important factors affecting oil prices.

Downstream, TDI continued to rise slightly this week, and the market quotation continued to rise. According to market news, the listing price of Wanhua chemical in September increased by 2000 yuan / ton to 19000 yuan / ton. It is expected that the short-term TDI market will maintain a small upward trend. In terms of PX market, Sinopec’s listed price this week is about 4600 yuan / ton, and the latest price of external disk is about 536.5 US dollars / ton FOB Korea and 554.5 US dollars / ton CFR China. It is expected that the short-term PX market will be a small correction.

3、 Future forecast

According to toluene analyst of chemical branch of business agency: first look at the supply cost side, the total number of us oil drilling wells, EIA and API inventory data, and the implementation of OPEC + production reduction. Second, on the demand side, the impact of the continuous spread of the global second epidemic on the economic restart of crude oil demand, the progress of industrial chain recovery, the geopolitical situation of the Middle East and China and the United States, and the economic and trade situation of Europe and the United States. Third, look at the dollar index and stock market linkage. Next week, we will focus on the fluctuation of US dollar index and stock market, and the impact of Sino US economic and trade situation on the trend of crude oil. Overall, it is expected that the domestic market toluene price will usher in an adjustment trend next week.

1、 Price trend

The market price of aniline remained stable this week. On August 28, the price of aniline in Shandong was 4250-4430 yuan / ton, while that in East China was 4400-4500 yuan / ton.

2、 Analysis and comment

In terms of cost, the listing price of pure benzene was 3020-3450 yuan / ton (average price was 3390 yuan / ton) this Sunday (August 30), and the pure benzene in Shandong Province decreased slightly. This week, pure benzene trading light, slightly lower than last week’s price. In the first half of the week, the spot price of pure benzene rose slightly due to the rise of styrene, but in the second half of the week, the price dropped due to the impact of low prices such as hydrogenated benzene. This week, pure benzene port inventory decreased slightly, but the inventory remained high.

This week, the price of nitric acid stabilized, and on the 28th, the production price in East China was 1500 yuan / ton.

Aniline market continued to operate stably this week, and there was no significant change in downstream demand. Within the week, there is news that Huatai will restart soon. It is expected that the market supply will increase in the later period, and the market will wait and see.

3、 Future expectations

In terms of cost, in the later stage, some downstream units will restart, which will support the demand for pure benzene. But the port inventory is still high, crude oil, external disk support is weak. It is expected that the short-term pure benzene price will not have a big breakthrough and the price will fluctuate in a narrow range.

Dongying Huatai aniline plant is about to restart, and the follow-up market supply will increase, but it is expected that the impact will not be great. Aniline will be mainly stabilized in the next week.

According to the data monitored by the business agency, at the beginning of the month, the average ex factory price of domestic light potassium carbonate was 6212.50 yuan / ton. At the end of the month, the average ex factory price of domestic light potassium carbonate was 6187.50 yuan / ton, a decrease of 0.40%. The current price was down 0.40% month on month, and the current price was 4.62% lower than last year.

This week, the domestic potassium carbonate market fell slightly. The trading atmosphere of the potassium carbonate market was not good, and the actual transactions were less. Generally speaking, the attitude of the potassium carbonate manufacturers was low, and the market was in the situation of oversupply. According to the statistics of the business agency, the mainstream ex factory quotation range of domestic industrial grade potassium carbonate this week is about 5950-6400 yuan / ton (the quotation is for reference only), and the quotation is different according to different purchasing conditions.

In the near future, the quotation of mainstream manufacturers of upstream potassium chloride is temporarily stable: the ex factory quotation of Qinghai Salt Lake potassium chloride is 1830 yuan / ton at the weekend, and the quotation of Anhui Badou potassium chloride distribution at weekend is 1880 yuan / ton, which is temporarily stable. In recent years, the actual transaction of potassium chloride market is not good. On the whole, the main contradiction in the market is that the supply exceeds demand, the trading atmosphere is cold, the downstream procurement is mainly required, the overall inventory is low, the purchasing market momentum is low, and the domestic potassium chloride Market is stable. It can not support potassium nitrate.

Potassium carbonate analysts of the business society believe that the market price of imported potassium has continued to rise due to the impact of the State Reserve and the strike in Belarus, but the downstream acceptance is generally acceptable, and the price of domestic potassium in the market is expected to follow. Supported by costs, it is expected that the price of potassium carbonate will mainly rise in the short term, and the long-term market still needs to wait and see. (the above prices are provided by major potassium nitrate manufacturers all over the country and analyzed by potassium carbonate analysts of business club for reference only. Please contact relevant manufacturers for more price details.).