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.

1、 Price trend

This week (4.20-26), the domestic polysilicon market continued to decline, and the prices of polycrystalline compact materials and polycrystalline non washable materials declined to varying degrees. The main reason is that manufacturers have successively lowered their production prices, and the prices of imported goods have also gradually declined, which is the demand side problem. Affected by the epidemic, the downstream purchase demand has further shrunk, and the export orders of components have significantly shrunk, so this week’s market price The price of new orders in the market has dropped a lot. According to the monitoring of the business agency, this week’s polycrystalline silicon solar grade I material decline is 7.19%. At present, the price of polycrystalline silicon has maintained a downward trend for five consecutive weeks. According to the monitoring of the business agency, the price of polycrystalline silicon has fallen to a historical low.

2、 Market analysis

In terms of market supply, at present, the polysilicon supply performance is sufficient, the manufacturer’s devices are partially shut down, and the overall domestic operation rate remains at 80-90%. As of April 26, there are only two polysilicon manufacturers in China for maintenance or load reduction production. The domestic production maintains a high operation rate, and the manufacturer’s inventory pressure is higher than ever before. In addition, from the perspective of polysilicon import end, polysilicon import price continued to decline this week, down 2000-3000 yuan / ton compared with last week, continuing to impact the domestic market. At present, manufacturers mainly execute orders in the early stage. Most enterprises sign orders until May, and some enterprises sign orders in May. In addition, the market transportation pressure is not great, but affected by the increase of transportation cost, the delivery speed of manufacturers decreases. According to the monitoring of the business agency, the main domestic transaction price of polysilicon with the model of primary solar material is 45000-49000 yuan / ton.

From the perspective of demand, terminal demand is sluggish, especially external demand continues to decline, global terminal installation is blocked, overseas orders of domestic component end are delayed or cancelled, resulting in the operating rate of domestic component manufacturers gradually reduced, thus transferred to the silicon material part of the upstream industrial chain. The new production capacity of single crystal can only be delayed, and domestic production remains stable. Currently, there is no The release of new capacity also eased the pressure on the supply side to some extent. On the other hand, the demand for polycrystals is also slightly stable due to the gradual recovery of the operating rate of downstream single crystal enterprises currently in production, but the export of terminal components is still the biggest problem restricting the entire silicon industry chain.

3、 Future prospects

In the future, the business community believes that the supply pressure of polysilicon is becoming more and more prominent at present, but in the later stage, with more and more enterprises overhauling, the supply pressure will be relieved. It is estimated that at the end of April, there will be 4 domestic enterprises of 10000 tons for routine maintenance, and there will be 1 enterprise planned to overhauling in May, with the overhaul capacity exceeding 60000 tons. The demand side problem is expected to remain unsolved in the short term, mainly because the overseas epidemic trend has not been effectively controlled. With the increase of overseas anti-dumping efforts on China’s photovoltaic products, the export may shrink significantly in the future, so it is expected that polysilicon market will maintain a weak trend in the near future.

1、 Price trend

According to the price monitoring of the business agency, the average ex factory price of sulfur market in East China this weekend was 600.00 yuan / ton, down 4.26% compared with the average ex factory price of 626.67 yuan / ton at the beginning of the week, down 41.94% compared with last year.

2、 Market analysis

Product: this week, the domestic sulfur market was stagnant, the spot supply was tight and the price was on the high side, the port inventory was still high, the external market fell and the information was scarce, and the support in the port was limited. In this week, the enthusiasm of sulfur downstream plants to enter the market is not high and the intention price is low. With the decrease of demand for ammonium phosphate, the later stage of fertilizer export is not clear, the prediction of the future market is not clear, the factory is more wait-and-see mentality, and the refineries in each region will adjust the quotation according to their own shipping situation within the week. As of December 17, Sinopec’s quotation for solid sulfur in East China was 570-680 yuan / ton, while that for liquid sulfur was reduced by 30 yuan / ton and 510-600 yuan / ton; Sinopec’s quotation for North China was temporarily stable, with 530-570 yuan / ton for solid sulfur and 400-450 yuan / ton for liquid sulfur; Sinopec’s quotation for solid sulfur in East Shandong was reduced by 20-30 yuan / ton and 610-620 yuan / ton and 410-460 yuan / ton for liquid sulfur Yuan / ton.

Industrial chain: in terms of downstream sulfuric acid, the domestic market is obviously differentiated, and the price of sulfuric acid is up and down. The main sulfuric acid plant in Shandong Province was overhauled, the overall supply of sulfuric acid was relatively tight, and the enterprise was the main actor in the quotation. At present, the overhaul of acid enterprises is relatively concentrated, and the supply side is significantly reduced. The main downstream phosphate fertilizer enterprises are in the final stage, and the demand side is also weak. In addition, the cost end support is still weak, and the upward space of sulfuric acid market is limited. It is expected that the acid market will be operated in a narrow range in the later stage.

3、 Future forecast

According to sulfur analysts of the business association, at present, the demand for phosphate fertilizer is weakening, the export is not clear, the port inventory remains high, the low price shipping intention of the shippers is not high, and the attitude of the operators towards the future market is mainly stalemate. It is expected that the sulfur market will be light and stable in the later period, waiting for the guidance of market news.

1、 Price trend chart of nitric acid Market

According to the monitoring of business agency, the average price of nitric acid in East China this weekend was 1516 yuan / ton, while the average price at the beginning of the week was 1550 yuan / ton, down 2.15%.

2、 Market analysis

Products: the price of concentrated nitric acid enterprise is weak, the price of Jiangsu Hongze Yinzhu Chemical Co., Ltd. is 1300-1400 yuan / ton, which is 100 yuan / ton lower than last week; Anhui Jinhe Chemical Co., Ltd. is 1400-1450 yuan / ton, which is 100 yuan / ton lower than last week; Shandong helitai Chemical Co., Ltd. is 1700 yuan / ton, which is 50 yuan / ton lower than last week; the demand of nitric acid market is still light.

Industrial chain: upstream liquid ammonia, the price of liquid ammonia this week is temporarily stable. Downstream aniline, stimulated by good news this week, prices rebounded sharply. On Friday (April 17), prices in Shandong and Nanjing were 5500 yuan / ton and 5600 yuan / ton respectively, up 9.93% compared with last week. TDI was mainly weak this week.

3、 Future forecast

The nitric acid analyst of the business association predicted that the nitric acid market demand is hard to change and weak adjustment is the main trend.

1、 Price trend:

According to the monitoring data of the business agency, the price of ethylene in the external market has declined recently. The average price of ethylene on the 17th was 447.75 USD / ton, down 4.17% compared with 467.25 USD / ton on the 16th, and the current price is down 57.21% year on year.

2、 Market analysis:

Product: ethylene has declined in recent days. Asian ethylene market prices fell sharply. As of the 17th, CFR Northeast Asia closed at US $345-355 / ton, and CFR Southeast Asia closed at US $395-405 / ton. The price of European ethylene market was volatile and consolidated. As of the 17th, the price of European ethylene market was FD, northwest Europe closed at $548-558 / ton, and CIF northwest Europe closed at $484-492 / ton. The price of ethylene in the U.S. region bottomed out and rebounded. As of the 17th, the price was US $181-193 / ton. Generally speaking, the market of ethylene in Europe and America is in a downward trend in the near future, and the market of the whole ethylene market is not good. The industry pays more attention to the supply and demand after the festival.

Industry chain: International: on April 16, WTI crude oil futures market price in the United States was flat on the previous trading day, with the main contract at 19.87 yuan / barrel. Brent crude oil futures market prices rose slightly, the main contract at $27.82/barrel, up $0.13. It has a limited supporting effect on the price of ethylene, and the external market of ethylene keeps falling again. The demand of the whole industry is poor, and the ethylene market keeps refreshing the lowest price. After the price of styrene in the downstream drops, it temporarily maintains stability, and the ethanol market is weak and consolidated, which can not support the price of ethylene, and the price of ethylene fluctuates and falls.

3、 Future forecast:

According to ethylene analysts of business and chemical branch, recently major oil producing countries have reached production reduction agreements, but oil demand is still poor, the market is low and consolidated, unable to support ethylene price, so data analysts of business and chemical branch expect that ethylene price will keep a narrow downward slide in the future.