Price Trend

The domestic aggregate MDI market is in a deadlock. According to the sample data monitored by business associations, the average market price of aggregate MDI is 13650 yuan/ton at the beginning of this week, 1360yuan/ton at the weekend, a decline of 0.37% in the week, a rise of 10.12% annually, and a decrease of 32.95% over the same period last year.

II. Market Analysis

Product: This week, the aggregate MDI market is deadlocked. At the beginning of this week, the guided price of Cox founder remained stable, temporarily holding the people’s mind. However, under the overall economic environment and inventory pressures, middlemen frequently deliver goods at low prices, and market negotiations dominate. However, the downstream is still not in a high mood to buy, half-push and half-down is mostly small single-handed goods. For several consecutive days this week, despite the fact that the factory controls goods in the market, the market price is still inevitably falling. As Wanhua announced the settlement in August ahead of schedule, Wanhua distributors are more cautious in delivering goods, resulting in a widening price gap between Shanghai and Wanhua sources. In a short time, the aggregated MDI market is still dominated by supply and demand game, and the transaction has not improved significantly. In addition, there is no strong price support. Even though external speculation factors continue, the price is still difficult to improve.

On the market side, as of Friday (8.9), the aggregate MDI market in South China was weak. With the downstream sustained demand weakening, the focus of market negotiations slowly declined, the confidence of future market declined, just need to buy gas is not strong, continue to watch factory price guidelines, traders cautiously follow the market. The aggregate MDI market in North China has a narrow downward trend. The persistent downstream buying Depression led to a slow decline in MDI factory prices, traders cautiously followed the decline, lack of confidence in the future, and weak short-term market consolidation. The aggregate MDI market in East China is weaker. Main factories offer downward, downstream purchasing gas continued to shrink, business confidence in the future declined, the buying power is insufficient, short-term market weak operation.

Industry chain: raw materials, pure benzene: This week’s pure benzene market continued to weaken, week by Sino-US trade talks expected not optimistic, RMB depreciation and other Macro-negative news, commodities fell as a whole, pure benzene pressure weakened. The sharp drop in crude oil also led to the weakening of the outer plate of pure benzene. As a result, the price of pure benzene has been declining since the beginning of the week. Downstream users wait for Sinopec to cut prices, wait and see, market turnover is weak. At the beginning of the week, there were still sporadic transactions of 5000 yuan/ton, but then driven by the low-price supply in Shandong Province, the market buying gravity dropped to 4900-4950 yuan/ton.

Aniline: Within a week, the domestic aniline Market showed a trend of declining in the north and rising in the south. In terms of raw materials, crude oil and pure benzene continued to fall, and pure benzene market was pessimistic. In addition, the overall supply is sufficient, downstream prices are low, and the price of pure benzene is weak. The average tender price in Jinling, Shandong Province, fell by about 223 yuan/ton from last week, and the cost advantage was weak. On the downstream side, due to poor terminal demand dragging down the market, coupled with the impact of environmental inspection, resulting in low downstream start-up rate of aniline such as auxiliaries and dyes, and limited consumption of aniline. Despite the large price difference between Shanxi and Shandong, under the condition of weak cost and demand, aniline enterprises in North China have poor shipments and high inventories, so they have to reduce prices to promote shipment. However, due to the fact that the spot owner prepares the shipment to deliver the contract within a week, there is a small amount of spot supply to the old customers, and there is no pressure to ship, so the price of East China enterprises has moved up narrowly, forming a trend of north-down and south-up.

3. Future Market Forecast

Business Cooperative Perspective: The aggregated MDI market is still dominated by supply and demand game in a short time, and the transaction has not improved significantly, coupled with no strong price support, even if external speculation factors continue, the market stalemate is still difficult to change. Business Association aggregate MDI analysts expect that short-term domestic aggregate MDI market price stabilization, weak consolidation, rise and fall dilemma.

Price Trend

Business Club: MTBE market prices fell this week (August 5-August 10)

According to data from business associations, MTBE’s price this weekend was 5483 yuan/ton, down 0.60% from the previous week’s price.

II. Market Analysis

Products: After the domestic MTBE market rose to its peak this week, the overall market entered the range of shocks to sort out the market. In addition, the price of international crude oil fell sharply, and the price of gasoline fell. This week, MTBE prices fell slightly.

Industry Chain: International oil prices fell sharply this week. The price of WTI crude oil was close to $50 per barrel. On August 9, the price of WTI crude oil was $52.54 per barrel, with a weekly decline of 5.61%. However, the weekly decline of gasoline price was 0.16%, which had little impact on MTBE market.

MTBE market: At present, most domestic MTBE refineries are always at a low inventory level, so the MTBE market price is at a high level in the year. From January 2019 to now, the MTBE price range is 5350-5550 yuan/ton. After the price of domestic refined oil was lowered at 24pm on August 6, the crude oil change rate continued to run negatively. Up to August 8, the latest crude oil change rate was -2.04%. The news is not good for the mindset of oil market operators. The confidence of MTBE market is insufficient and the enthusiasm of entering the market is reduced. With the decline of crude oil, the poor trend of gasoline market and the lower enthusiasm of oil regulators in purchasing raw materials, MTBE market prices have changed from rising to falling this week.

3. Future Market Forecast

Analysts of MTBE products of Business Society Energy Branch believe that the possibility of a substantial recovery in international oil prices next week is low, the overall domestic demand for gasoline is general, while MTBE prices rose to the year’s high, and MTBE market prices are expected to continue to pull back next week.

Price data:

According to the monitoring data of business associations, the domestic bromine market fell sharply in July. At the beginning of the month, the average price of bromine was about 34000 yuan/ton, and at the end of the month, it was about 30714 yuan/ton. The overall decline was 9.66%, which was 7.5% higher than the same period last year.

II. Cause Analysis

Products: This month, the domestic bromine market is affected by environmental protection and continuous rainfall, the overall start-up rate has been reduced. Some enterprises in Laizhou Bay and Changyi area have stopped work, the spot supply has declined to a certain extent, and is expected to resume around mid-August. At present, the downstream market is in the off-season, the demand for bromine is not good, leading to some enterprises to appear one. Fixed stock. At present, the mainstream quotation of enterprises is around 2900-31000 yuan/ton, and some of the real orders are on the low side.

Industry chain: Bromine upstream industry rose and fell differently this month: the sulfur market dropped 13.71% in a month, currently about 860 yuan/ton; the caustic soda market rose 1.44% in a month, currently about 705 yuan/ton; the soda market fell first, then stabilized, by 3.3%, currently the average price is about 1660 yuan/ton; the sulfuric acid market rose and then decreased in a month. The increase was 5.81%, currently about 227 yuan per ton. At present, the downstream flame retardant industry of bromine is in poor demand, the market as a whole is light, the price of bromine is insufficient to support, and the industry of pharmaceutical and agricultural intermediates is affected by environmental protection, resulting in low overall start-up and limited demand.

3. Future Market Forecast

Analysts of bromine industry in business associations believe that the domestic bromine market has started to decline, and the industry production is expected to resume around mid-August. At present, the downstream market is just in poor demand, and some imported low-cost bromine has a certain impact on the market, resulting in a reduction in the purchase of domestic bromine in some downstream. It is expected that bromine prices will decline weakly in the near future.

Price Trend

According to the data of the business associations’list, the domestic adipic acid market continued to rise in July, with an increase rate of 5.90%. Most of the quotations of dealers had several price adjustments, with an increase of 300-500 yuan per ton or so. By the end of the weekend, the quotation is generally between 8500 and 8700 yuan/ton.

II. Analytical Review

This month, the adipic acid market reversed its downward trend in June, and the market rebounded. Under the influence of upstream costs, factory price adjustments, and high price settlement at the end of the month, prices rose repeatedly. The fundamental reason for the rise was the soaring upstream pure benzene. According to the monitoring of business associations, the increase of pure benzene reached 8.10% in July. Considering the lag of cost transmission, the market quotation of adipic acid was passively raised by increasing more than 17% in June and July. However, at present, the downstream market wait-and-see mentality is still relatively heavy, purchasing behavior is biased towards rationality, and there is room for merchants to make profits. Social inventory still shows some pressure, and the shipment dynamics do not change much compared with the previous period.

On the supply side, the market still shows certain supply pressure, and many distributors say that the inventory pressure is high, the level of equipment maintenance is not high, the median level of inventory performance of manufacturers, distributors are getting goods one after another, and the current market inventory is constantly degraded. Therefore, although adipic acid market quotation has increased, but also There are many relatively low-priced goods in the market, and the overall supply pressure is still in the market, which leads to the strong willingness of distributors to let profits go of inventory, the price difference between market price offer and actual transaction, and the market quotation is relatively chaotic.

In terms of demand, downstream demand is moderate. Although nylon 66 belongs to the peak season of market consumption, there is no phenomenon of centralized purchasing in the downstream this year, so the downstream start-up rate has not generally increased. The start-up rate is basically 5-60%. The upstream adipic acid has not formed a strong boost, so this market. The rebound basically depends on the upstream pure benzol, driven by the cost effect, which belongs to the passive follow-up. The market is still going out of stock cycle.

3. Future Market Forecast

The analyst of adipic acid in the branch of business society and chemical industry thinks that the price of adipic acid is stabilizing and rebounding at present, but the contradiction between supply and demand still exists, the cost pressure also exists, and the profit margin of the manufacturer is further compressed. It is expected that adipic acid will easily rise and fall in the later period without reversing the cost side. Therefore, the Business Association believes that adipic acid will be in the short run or in the short run. We will continue to maintain a narrow upward adjustment pattern.

Price Trend

This week (7.22-7.26) NBR price is stable, this week NBR average price is stable at 16366 yuan/ton, the overall rise or fall of 0%.

II. Market Trend Analysis

Product supply and demand: This week, the domestic nitrile butadiene plant is running normally. According to the business association, Lanzhou Petrochemical’s 65,000 tons/year plant has been started up normally, 15,000 tons/year nitrile butadiene plant has been converted to military industry, 50,000 tons/year nitrile butadiene plant has been started up to produce 3305E/3308E. At present, nitrile butadiene rubber 3305E is reported to 16,000 yuan/ton, N41E is reported to 15700 yuan/ton, 3308E is reported to 162 yuan./ Tons, pricing sales; 65,000 tons/year plant production in Shunze, Ningbo, currently NBR 3355 reported near 15400 yuan/ton; 41 series NBR reported 15200. Demand downstream is weak, traders follow the market to deliver goods, the market has a certain drag.

Raw materials: raw material butadiene prices rose sharply this week, the cost of NBR support. Butadiene was 8,545 yuan/ton at the beginning of the week and 8,890 yuan/ton at the end of the week, up 4.04% as a whole, according to the business association.

3. Prospects for the Future Market

Xu Xiaokun, an analyst with business associations, believes that although the small rise in raw material butadiene prices has supported the NBR market, the overall demand for NBR is weak, and the price of NBR in the future is expected to continue to show a weak state.

Price Trend

According to the data monitoring of the business associations’large list, the market of caprolactam was shaking down this week. The average price of domestic liquid caprolactam was 12,300 yuan/ton on the 22nd day and 12,266.67 yuan/ton on the 26th day, a decline of 0.27%, which was 26.24% lower than that of the same period last year.

II. Market Analysis

Product: This week the caprolactam liquid market shocks down, the market turnover atmosphere is flat, the upstream product cyclohexanone market is weak downward, the cost support weakened. Downstream PA6 slice sales were light, raw material procurement slowed down, caprolactam was dragged down by demand, and prices fell. This week, the caprolactam plant began construction one after another, the spot market supply improved, Sinopec’s listed price of caprolactam rose to 12600 yuan/ton in July, and the confidence in the market increased. As of July 26, the price of caprolactam liquid in Shandong Luxi Chemical Industry is 12100 yuan/ton. Cash is discharged from the factory and the first and second phases of the plant are running normally. The actual transaction is negotiable. The price of caprolactam liquid in Sanning, Hubei Province is 12550 yuan/ton, the contract is the main one, 140,000 tons of caprolactam plant is running normally, and the price of caprolactam liquid in Tianchen, Fujian Province is 127 yuan/ton. 00 yuan/ton.

Industry chain: the upstream product cyclohexanone market is weak downstream, the downstream demand for chemical fibers is general, the solvent market just needs to be purchased, and the market turnover atmosphere is flat. The mainstream offer of cyclohexanone in North China market is delivered in cash from 8700 to 8900, the mainstream offer in East China market is delivered in cash from 9000 to 9100, and the mainstream offer in South China market is delivered in cash from 9300 to 9500.

The downstream PA6 chip market is weakening, the purchase of raw materials in the polymerization plant is slowing down, and caprolactam is hampered by demand. More replenishments are made on demand. Market inquiries are more cautious.

3. Future Market Forecast

Business associations have lactam analysts believe that the current cost side is not well supported, downstream demand is weak, in the short term, the caprolactam market is mainly stable in the weak.

Price Trend

Styrene prices fell this week. According to data from business associations, the price of sample enterprises on Monday (July 15) was 8966.67 yuan/ton, and on Friday (July 19), the price of sample enterprises was 8666.67 yuan/ton, a decline of 3.35%, which was 22.65% lower than that of the same period last year.

II. Market Analysis

Products:

The market for styrene fell this week. On July 15, East China Styrene closed at 8900-9000 yuan/ton, and on July 19, East China Styrene closed at 8600-8750 yuan/ton, down 300 yuan/ton. The above is Zhangjiagang’s canning price. On July 15, South China Styrene closed at 9,100 yuan/ton for delivery, and on July 19, South China Styrene closed at 8,800 yuan/ton, down 300 yuan/ton for delivery from above factories. In July, the arrival of styrene increased, and the stock of East China’s styrene port rose. However, the enthusiasm for on-site delivery did not increase. This week, the price of styrene continued to be weak and fell.

Industry chain:

Upstream pure benzene continued to be depressed due to the sharp drop in international crude oil. This week, the price of pure benzene remained stable at 5220.20 yuan/ton, without giving styrene cost support. Downstream PS price is stable, EPS is affected by the decline in styrene prices, weak turnover, less on-site, cautious industry mentality, price drop, styrene business mentality is empty, yield shipment, styrene prices fell sharply.

3. Future Market Forecast

Upstream pure benzene prices fluctuated or maintained stable or slightly declined by international crude oil prices, downstream purchasing gas was flat and just needed. In July, imported styrene shipments began to increase and gradually entered the domestic market. Port stocks were expected to accumulate, and styrene manufacturers did not have negative production plans for the time being. Costs fell and supply increased gradually. The impact, business analysts believe that: in the short term, styrene prices fell mainly. The market should pay more attention to the guidance of the external market and the trend of bulk futures.

Price Trend

According to the data of business associations, the market price of aniline in Nanjing increased by 100 yuan/ton this week, 1.57% compared with last week, while that in Shandong increased by 220 yuan/ton, 3.78% compared with last week. The mainstream price in Shandong is 6030 yuan/ton, while that in Nanjing is 6450 yuan/ton.

II. Analytical Review

Raw Material: This week, the rise of pure benzene slowed down. The price was 5250-5350 yuan/ton, up 0.48% from last week. At the beginning of the week, the situation continued last week, and the domestic pure benzene market was boosted by the favorable factors of the continuous decline of port stocks and the continued rise of pure benzol US dollar plate. On Tuesday, the close of the benzo dollar market plunged and continued to fall, damaging the bullish mood of market participants. Due to the lower external market, the domestic market lacks the driving force for speculation.

Product: This week, the tender price of Shandong’s main aniline enterprises increased by about 300 yuan/ton compared with last week, and the cost pressure forced the price of aniline to rise. But weak downstream demand limits its growth.

Downstream: This week’s downstream MDI remained stable compared with last week’s.

III. Future Market Expectations

As the external market continued to decline and the gap between internal and external markets narrowed, the domestic pure benzene market lacked the incentive to continue to speculate. Pure benzene will run smoothly next week.

The trend of aniline next week should continue to pay attention to the dynamics of pure benzene.

Price Trend

According to the monitoring data of business associations, the domestic phosphate ore market maintained stable operation this week. Some areas fluctuated slightly. Combined with several sample areas, the average price of initial and high-grade phosphate ore was around 430 yuan per ton.

II. Market Analysis

Product: This week, the price of phosphate ore is stable, and the supply of phosphate ore is normal. The price of phosphorus ore in Guizhou is stable. The price of 30% grade phosphorus ore mainstream freight plant/car plate is 370-450 yuan/ton. The price of 30% grade phosphorus ore mainstream export tax is maintained near 520 yuan/ton in Hebei. This week, the phosphorus ore market is running normally.

Industry chain: phosphoric acid market of downstream products is rising, yellow phosphorus market is rising at a high level. At present, phosphoric acid enterprises have started construction steadily, the spot supply is tight, the stock of raw materials is urgent, the supply is difficult to find, and the holder offers high. The price of raw material yellow phosphorus is closely related to the rise and fall of phosphoric acid. Under the influence of some factors such as partial shutdown of Yunnan-Guizhou-Sichuan yellow phosphorus enterprises, sudden drop of output and policy, the price of on-site yellow phosphorus enterprises soared, which led to the rise of phosphoric acid prices, and some enterprises suspended quotations and orders.

3. Future Market Forecast

Business society data analysts believe that the phosphate ore market will continue to operate smoothly in the middle and late July.

Price trends:

According to statistics, the domestic ammonium nitrate ex-factory price trend is temporarily stable this week. The average weekend price is 1966.67 yuan/ton, which is temporarily stable compared with the early weekend price of 1966.67 yuan/ton, down 2.45% from the same period last year.

II. Market analysis:

Products: This week, the domestic ammonium nitrate market price trend is temporarily stable. Affected by environmental protection control, domestic ammonium nitrate plant start-up is limited and domestic ammonium nitrate plant start-up is less. However, due to more shutdown of domestic downstream civil explosion industry, domestic ammonium nitrate manufacturers start-up is limited, and the price trend in the field remains weak. By the end of the weekend, the domestic ammonium nitrate market price negotiation was 1850-2050 yuan/ton. Affected by environmental protection and the cancellation of gas restriction, manufacturers in many areas are now forced to limit production or stop production for maintenance to accept environmental protection inspection. The demand for ammonium nitrate in the downstream has decreased, but the price trend of the upstream raw material nitric acid and liquid ammonia market has declined, nitric acid. Ammonium market is temporarily stable because of the influence of raw material prices.

Industry Chain: Domestic nitric acid price declined slightly this week, the market price was 1773.33 yuan/ton by the end of the week, and this week’s price declined 0.56%. Upstream raw material liquid ammonia price rose slightly, the market price of liquid ammonia by the end of the week was 3293.33 yuan/ton, this week’s price rose slightly, upstream raw material price trend rose for ammonium nitrate. Ammonium nitrate market price is stable temporarily. Recently, the downstream civil explosion industry is in the off-season. The demand for ammonium nitrate Market is weakening, the inventory of ammonium nitrate manufacturers is increasing, the market of nitric acid is not good, and the price of nitric acid market remains low.

Industry: In recent years, ammonium nitrate Market in general, downstream civil explosion industry fully parked, but the upstream raw material market prices rose slightly, ammonium nitrate market price trend is stable.

3. Future market forecast:

Ammonium nitrate analysts believe that the recent upstream raw material nitric acid market prices rose slightly, but the downstream demand is poor, ammonium nitrate market prices are expected to maintain low volatility in the later period.