Price Trend

According to the business association’s large list data, this week, the price of pure benzene of Sinopec’s enterprises was stable, the price of Sinopec and some refineries increased, and the price gap between Sinopec and Sinopec decreased. This week, the domestic price of pure benzene (except Sinopec) increased by about 150 yuan/ton compared with last week. This week, the highest price of pure benzene appeared on Friday (Aug. 16). The price was between 4900 and 5100 yuan/ton, up 0.75%.

II. Analytical Review

1. Products: This week, the inventory of pure benzene port decreased by about 0.5 million tons compared with last week, and the domestic inventory of pure benzene is also declining. There is no pressure on pure benzene inventory.

2. Crude Oil: Earlier this week, Saudi Arabia took action to prevent oil prices from falling, and the United States deferred tariff increases on some products to December, boosting the market and boosting international oil prices. In the latter half of the week, fears of a possible intensification of the trade war reignited, and fears of a slowdown in crude oil demand deepened. Oil prices stopped rising and fell. The positive and negative factors offset each other. This week’s WTI and Brent oil prices were basically flat compared with last week’s.

3. Relevant industries: This week, affected by typhoon, the price of hydrobenzene has risen, and the low-price supply is hard to find, which will benefit the pure benzene market. Downstream styrene rose by 1.2% from last week, which also supports the price of pure benzene.

4. External offer: Although Asian foreign offer is short of quotation guidance due to closure at the beginning of this week, the price of pure benzol US dollar has risen, and the US-ROK arbitrage window has opened, which has formed a favorable support for the domestic market.

3. Future Market Forecast

1. Crude oil: The trend of crude oil in the later period is still uncertain, mainly related to the situation of trade war and crude oil demand.

2. Domestic market: Pure benzene downstream demand is weak, but Sinopec pure benzene inventory is low, price is strong, has certain support for the domestic market.

3. External Disc: With the successive arrival of goods from the United States, prices will fall, but the price gap between Asia and the United States still exists. The main purpose of Korea’s export resources is still the United States. China’s import resources are still relatively small, and the supply and demand side has not been improved.

Taking into account, the price of pure benzene is expected to rise slightly next week.

Price Trend

The domestic ethanol market rose and fell unevenly this week. According to the monitoring data of business associations, the price of domestic ethanol market at the beginning of the week was 5380 yuan/ton, rising by 0.19% annually, and falling by 3.45% compared with the same period last year.

II. Market Analysis

Products: This week, some markets in the alcohol market have seen mixed ups and downs. Fukang plant in northeastern Jilin area started construction, the quotation of enterprises was stable, the mentality of individual small factories was positive, the low-end price went down, the price of Heilongjiang area remained stable, and the freight price was higher; the general level in eastern China was slightly weaker, the enterprises started less under the pressure of cost, and the downstream consumed more Northeast supply; Henan area was thick. Source equipment parking continued, quotation remained firm, low-end market prices slightly rebounded; South China enterprises are currently only in Xintiande, Guangxi Zhongliang, Haiying, other basic equipment parking, liquor purchasing light, part of the goods to Yunnan or Guangdong, anhydrous gold source inventory is not high, profitable from supply side. With good support, prices went up and Xintiande prices went up. There was no water coming to Hong Kong from other places. Production enterprises in Guangdong made high offers. There were low-end prices in the market, and the supply was not much.

Industry chain: In the upstream, the average weekly price of Maize in Jilin region of Northeast China closed at 1740 yuan/ton, which was stable compared with last week’s price. The price of dried cassava chips in upstream Thailand remained stable, mainly due to the current season of fresh cassava production. Cassava entered the starch market more and dried chips exported less. Up to now, FOB 235-240 US dollars/ton, theoretical port price of East China 1900-1920 yuan/ton, and domestic East China purchased goods from Northeast China and sold them. Enterprises have more inventories and less start-up. The exchange rate of RMB has broken 7 short of domestic imports. Downstream, Ethyl acetate in East China was 5700 yuan/ton on Thursday, up 1.79% from last week’s price.

3. Future Market Forecast

Enterprise equipment in Northeast China is gradually normal, Dongfeng plant is expected to open in a short time, supply recovery, a small number of orders continue to carry out, downstream demand needs to pay attention to the downstream chemical purchasing situation, liquor purchasing is not warming up at present, the short-term market is expected to remain small consolidation; Henan thick-source plant is unstable, It is expected that the short-term market will remain stable, the construction situation in East China will not improve in the short term, the downstream will consume more Northeast supply, the start-up load of enterprises will not be high, and the loss will continue; the supply and demand in South China will be weak, liquor purchasing is not obvious, there will be no water supply in other places, and the supply of gold will continue to decrease. It is expected that Guangdong will have a high level in the short term. Likewise, Guangxi remains stable. Ethanol analysts at business associations expect the domestic ethanol market to remain stable and small in the short term.

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 0.97% from the same period last year.

II. Market analysis:

Products: This week, the domestic ammonium nitrate market price remains stable, the domestic ammonium nitrate plant is running smoothly, is in the downstream demand off-season, ammonium nitrate factory shipment market is general, downstream on-demand procurement, coupled with environmental protection control, the downstream civil explosion industry in China has stopped production more, domestic ammonium nitrate factory start-up is limited. Domestic prices remain low. By the end of the weekend, the mainstream in Shaanxi was 1950-2050 yuan/ton, Shandong was 1900-2000 yuan/ton, and Hebei was 1850-1950 yuan/ton. Affected by environmental protection, some downstream factories were forced to limit production or stop production for maintenance to accept environmental protection inspection. The demand for ammonium nitrate was at a low level, and the market price of ammonium nitrate was maintained. Keep oscillating.

Industry chain: This week’s domestic nitric acid price trend is temporarily stable, the market price is 1693.33 yuan/ton by the end of the week, this week’s price trend is stable, the domestic nitric acid market price remains low, mainstream manufacturers in Jiangsu Province offer 1680 yuan/ton, mainstream manufacturers in Anhui Province offer 1700 yuan/ton, Shandong manufacturers offer 1700 yuan/ton, nitric acid walks. Generally speaking, the low price of upstream nitric acid market has a negative impact on the downstream ammonium nitrate Market price; the price trend of upstream raw material liquid ammonia has declined sharply, and the market price of liquid ammonia is 3200 yuan/ton by the end of the week. The upstream cost of liquid ammonia is affected by the downstream cost, and the inventory pressure of most producers has increased compared with the previous period. In addition, part of the plant was restarted and local ammonia supply increased in the region. Especially in Shanxi and North China, most of the manufacturers had sufficient supply of ammonia. The price quoted by the manufacturers in North China remained above and below 2900-3400 yuan/ton. The price quoted by the manufacturers in Northwest China was between 2500-2600 yuan/ton. The decline of liquid ammonia market brought certain negative effects on the downstream ammonium nitrate market. Ring. Recently, the downstream civil explosion industry is in the off-season. The demand for ammonium nitrate market remains low. The inventory of ammonium nitrate manufacturers is high. The market of nitric acid is not good, and the price of nitric acid market remains low.

Industry: In recent years, ammonium nitrate Market is general, downstream civilian explosion industry parks more, coupled with the upstream raw material market nitric acid price slightly declined, 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 slightly lower, coupled with poor demand downstream, ammonium nitrate market prices are expected to maintain low volatility in the later period.

Market Review

According to a large number of data monitored by business associations, the dichloromethane market in Shandong has been running steadily this week. The average price of dichloromethane in Shandong has remained around 3150 yuan/ton, up slightly by 1.94% over the same period last year.

quotations analysis

Products: At present, the domestic dichloromethane market is stable and soft, and the spot supply of dichloromethane in Shandong is tight, but the downstream market demand is not good. Most of the products are received on demand, and the industry has a flat discussion. At present, the quotation of bulk water remittance in Shandong is around 3100-3150 yuan/ton, 3500-3700 yuan/ton in Jiangsu, 3300 yuan/ton in Zhejiang and 3300 yuan/ton in Jiangxi. In terms of start-up, Jinling Chemical Plant is now operating normally; Dongying Jinmao Stop-up and Overhaul; Luxi Chemical Plant is 60%; Jiangsu Literature Plant is operating normally; Jiangxi Literature Plant is affected by power plant overhaul, and the enterprise operates negatively in early August for half a month.

Industry chain: Upstream, this week’s natural gas market shocks and adjustments, the average price at the beginning of the week is 3240 yuan/ton, the average price at the end of the week is 333 yuan/ton, the overall decline of 1.44%. The supply of liquid chlorine market is reduced, the inventory of enterprises is low, but the downstream market demand is not good. At present, enterprises are reporting 200-300 yuan/ton more. On the downstream side, the domestic R410a market is in the off-season. The demand of downstream air conditioning industry is not good. At present, more than 18,000 yuan per ton is reported. The demand of medicine and film industries is stable.

Future Market Forecast

The analysts of business association methane chloride data think that the market demand of dichloromethane is not good at present. The low performance of refrigerant market has no good support for dichloromethane price, and the overall supply of dichloromethane market is stable. Recent typhoon and heavy rain will affect the arrival of goods, but it has no relationship with the overall trend. Big, it is expected that the market of dichloromethane will shake and adjust in the short term.

Price Trend

According to the data of business associations, propylene (Shandong) in China stabilized after a slight drop and rise this week. At the beginning of the week, the average price of propylene (Shandong) was 7932 yuan/ton. On Tuesday, the average price of propylene (Shandong) was 7 925 yuan/ton. On Friday, the average price of propylene (Shandong) was 7 981 yuan/ton, with a weekly increase of 0.61% and a weekly amplitude of 0.71%.

II. Analytical Review

Products: The price of propylene enterprises in Shandong started to rise in early July, after two rounds of increase of about 600 yuan/ton. Since the 13th day, the price has gone down, totaling about 650 yuan/ton by the 19th day. From July 22 to 27, the total price rose by 300 yuan/ton. On July 31, it rose again by 50 yuan/ton. At present, the market turnover is around 7950-8100 yuan/ton, and the mainstream price is about 7950 yuan/ton. At present, the regional supply of propylene market is still relatively tight.

Industry chain: On the upstream side, crude oil fell sharply on Thursday, but picked up again on the weekend, which may still have a negative impact on propylene. A MTO factory in East China stopped for overhaul to limit propylene production, which is beneficial to propylene. On the downstream side, polypropylene futures prices fell this week, spot prices stabilized, and recent or digestive consolidation of the existing increase is the main reason for the temporary negative effect of propylene; acrylic acid prices rose significantly at the beginning of the month, which has a pull effect on propylene; and propylene oxide market continued to rise, which also has a positive impact on propylene; and epichlorohydrin also has a positive impact on propylene. At the beginning of the month, the market slightly declined, which had a negative impact on propylene, while in Shandong, some butyl-octanol plants declined, and the market of octanol rose at the beginning of the month, with n-butanol mainly stable, which had a slightly negative impact on the market of propylene.

3. Future Market Forecast

Propylene analysts from the Business Society Chemical Branch believe that in general, the recent recovery of international crude oil, polypropylene futures spot market are relatively flat, acrylic acid, propylene oxide Market is rising, the price of epichlorohydrin has declined, butyl octanol part of the plant has declined, so propylene prices are expected to decline in the near future.

Price Trend

According to the price monitoring of business associations, the domestic sulphur market declined on July 30. At present, the average ex-factory price of the sulphur market in East China is 860 yuan/ton, a decline of 4.44%.

II. Market Analysis

Products: Domestic sulphur market prices have been sharply lowered, downstream demand performance is still weak, in order to stimulate shipment, refineries in various regions have adjusted their prices. East China market has dropped by 40-50 yuan/ton, the mainstream price of solid sulphur is around 720-790 yuan/ton, and the mainstream price of liquid sulphur is around 690-780 yuan/ton; the fixed sulphur price of Shandong Market has been lowered by 40 yuan/ton. The mainstream price is 920-930 yuan/ton; the liquid sulfur is reduced by 20 yuan/ton and the mainstream price is about 750-800 yuan/ton; the North China market is reduced by 20-30 yuan/ton; the mainstream price of solid sulfur is 710-760 yuan/ton; and the mainstream price of liquid sulfur is 680-720 yuan/ton.

Industry chain: The weak sorting of sulphur market continues to decline, the downstream acid market is weak, the overall turnover is cold, the mindset of the operators is not good, the downstream demand performance is still weak, the acid plant is partly overhauled, the market is not good, the price is low or will go down.

Industry: From the demand point of view, downstream stalemate, weak demand, difficult to change. Domestic port inventory is high, market turnover is still cold, real information is scarce, port storage consumption is slow, buyers and sellers wait for information guidance. Domestic sulphur market continued to decline, downstream demand has not improved, industry expectations of the future market is not high, look at the strong atmosphere.

3. Future Market Forecast

Business sulfur analysts believe that the current sulfur market lacks information guidance, no substantial positive factors, weak downstream demand, coupled with high inventories, the short-term sulfur market is expected to continue a weak downturn.

I. Price Trend Chart of Polyformaldehyde Market

According to the monitoring of business associations, the average price of polyformaldehyde in Shandong Province this week was 4,900 yuan/ton, and the price was stable for the time being.

II. Market Analysis

Products: Shandong Aldehyde Industry Chemical Co., Ltd., with an annual output of 30,000 tons of polyformaldehyde, polyformaldehyde (96) ex-factory price of 4900 yuan/ton with tax, price stability. Linyi Shengyang Chemical Co., Ltd. produces 9,000 tons of polyformaldehyde per year. The price of polyformaldehyde (96) is 4,800 yuan/ton with tax. The price has a downward trend. Weifang Xudong Chemical Co., Ltd. produces 20,000 tons of polyformaldehyde per year. The price of polyformaldehyde (96) is 5,000 yuan/ton with tax, and the price is stable for the time being. Influenced by environmental inspection factors, most manufacturers have stopped production. Market startup rate is declining, and the quotation of manufacturers is slightly firm.

Industry chain: methanol upstream of polyformaldehyde, the price of July 22 was weakly lowered. The downstream demand for polyformaldehyde is general.

3. Future Market Forecast

To sum up, the analysts of polyformaldehyde in business associations believe that the market of polyformaldehyde in the short term will be dominated by the smooth operation of the weak market.

Price Trend

According to the price monitoring of business associations, octanol ex-factory prices in Shandong fell this week. This week, the price quotation of the main octanol factory in Shandong fell from 7433.33 yuan/ton at the beginning of the week to 7150.00 yuan/ton at the end of the week, falling 283.33 yuan/ton, or 3.81%, 16.76% compared with the same period last year. Overall, the octanol market fell this week, with the octanol commodity index at 52.57 on July 26.

II. Market Analysis

(1) Products:

At present, the domestic octanol plant start-up rate is still acceptable; Hualu Hengsheng 80,000 tons/year octanol plant start-up normal, this week’s offer is firm; Jiangsu Huachang chemical octanol plant annual capacity 80,000 tons, no maintenance plan.

This week, the quotation of Shandong main octanol producers fell. As of Friday, the quotation of Lihua Yioctanol was 7000 yuan/ton, which was 250 yuan/ton lower than that at the beginning of the week; the quotation of Hualu Hengsheng Sheng octanol at the weekend was 7250 yuan/ton, which was 200 yuan/ton lower than that at the beginning of the week; and the quotation of Jianlan Chemical Octanol at the weekend was 72 yuan/ton. The price is 200 yuan per ton, which is down 200 yuan per ton compared with the beginning of the week.

(2) Industrial chain:

Upstream raw material market: Propylene market rose this week. The quotation rose from 7680.77 yuan/ton at the beginning of the week to 7888.54 yuan/ton at the end of the week, an increase of 2.71%, a decrease of 7.48% over the same period last year. The rising price of raw materials in the upstream market is influenced by supply and demand, which has a positive impact on octanol price.

Downstream market: DOP ex-factory prices fell significantly this week. DOP quotation fell from 7516.67 yuan/ton at the beginning of the week to 7166.67 yuan/ton at the end of the week, a decline of 4.66%, 19.85% compared with the same period last year. The downstream customers’enthusiasm for octanol purchasing declined, the demand for octanol was general, and the decline of DOP price had a negative impact on the octanol market. Future traders are more likely to watch the trend of DOP.

3. Future Market Forecast

In late July, the overall trend of octanol market in Shandong Province shocked and fell. After the adjustment in June, the capital reflux of each factory is in good condition, the equipment has been repaired and the production capacity has increased. Although the price of propylene in the upstream has risen this week, it has fallen considerably year-on-year, and the downstream price has fallen considerably. The downstream purchasing enthusiasm is general, and the product has fallen under the contradiction between supply and demand. Octanol analysts believe that the short-term Shandong market in supply and demand and raw materials and other aspects of the impact of the octanol market shocks down, a larger decline.

Price trends:

According to the data of business associations, the price fluctuation of ABS market in China was adjusted in mid-July. As of July 19, ABS mainstream offer price was around 13150.00 yuan/ton, which was 1.13% lower than that at the beginning of the month.

2. Analysis of influencing factors:

Industry chain: ABS upstream aspects, international crude oil market has recently strengthened, pure benzene has increased substantially, styrene production cost support gradually improved. Downstream enterprises, temporarily maintaining just demand, wait-and-see majority, continue to bear the dual pressure of cost and terminal sales, start-up rate decline more or less, from the overall start-up rate level, still maintain low demand-oriented. The supply and demand deadlock is difficult to break, and the market lacks strong support. In mid-July, demand for acrylonitrile-related production was weak, downstream gas purchases were weakened and turnover was weak. Acrylonitrile merchants’quotations are stable at low and low levels, and the price rebound is weak for the time being. Recently, the external market of butadiene is high, and Sinopec’s internal supply is relatively tight, and the downstream market just needs to remain. On the negative side, synthetic rubber market is weak, start-up load is decreasing, spot supply in the northern market is increasing, and high prices are not good. In addition, the downturn of synthetic rubber market has dragged the butadiene market to a certain extent. However, the tight supply performance in East China and Sinopec, together with the high market, has boosted the mentality of some domestic businessmen. With the reduction of the supply price of export manufacturers, it will stimulate the downstream just need to replenish warehouses, or to some extent, it will inhibit the downstream pace of the market. However, the downstream industrial chain and terminal demand drag down, the butadiene market is also difficult. There is downlink. Upstream rises and falls vary, and support for ABS is limited. ABS shock adjustment in mid-July.

3. Future market forecast:

Business analysts believe that the ABS offer shocked the whole market in mid-July. Upstream rises and falls vary, downstream demand is flat, there are more empty orders in the market, and merchants’inventory is not high. It is expected that ABS offer will be adjusted steadily and narrowly in the near future.

Price Trend

The domestic market of cyclohexanone rose narrowly this week. According to the monitoring data of business associations, the average price of domestic cyclohexanone producers was 8 200 yuan/ton at the beginning of the week and 8 300 yuan/ton at the end of the week. The price rose by 1.22% in the week and fell by 30.83% compared with the same period last year.

II. Market Analysis

Product: This week, the cyclohexanone market is running steadily upward. Sinopec’s pure benzene listing has been raised again by 100 yuan/ton to 5350 yuan/ton, with good cost support. Within a week, chemical fibers can still be purchased on the market. Hengyi, Shenyuan and other factories have increased the demand for cyclohexanone. Other factories have made up a small number of vacancies, and chemical fibers orders in cyclohexanone factories are still acceptable. Solvent market demand is general, and most of them are purchased on demand. Luxi Cyclohexanone has not been exported from stock for the time being, so the supply of Cyclohexanone is on the tight side. At present, the main price of cyclohexanone is 8800-8900 yuan per ton cash, up 400 yuan per ton from last Thursday. Up to now, the mainstream negotiation in Shandong market is in the range of 8900-9000 yuan/ton cash delivery, the mainstream negotiation in East China market is in the range of 9100-9300 yuan/ton cash delivery, and the mainstream negotiation in South China market is in the range of 9400-9600 yuan/ton cash delivery.

Industry chain: raw materials, pure benzene, this week pure benzene prices soared and fell. At the beginning of the week, the inventory of East China Port continued to drop to about 170,000 tons. On the external market, the supply of the United States continues to be tight, and the operators believe that the arbitrage window between the United States and South Korea will be open for a long time. The decline of domestic stock and the high level of external market jointly led to the increase of domestic pure benzene quotation to 5600 yuan/ton, which is almost the same as FOB Korea price. However, the domestic downstream has little profit except styrene, strong resistance to high-priced pure benzene, and high selling price is difficult to respond to. Caprolactam: This week, the domestic caprolactam liquid spot market is basically stable. In terms of cost, the price of pure benzene continued to rise, and the price of East China market once rose to 5500 yuan per ton, but the follow-up was weak, and the price had been revised back. Sinopec’s listed price of pure benzene rose by 100 yuan/ton to 5350 yuan/ton. Cyclohexanone has a good demand in the near future. The ex-factory price has risen to 8700-8900 yuan/ton, and the cost of caprolactam is high. The atmosphere of supply and demand is slightly weak. With the restart of the pre-maintenance equipment, the overall start-up of caprolactam is improved, and the supply is increased.

3. Future Market Forecast

Cyclohexanone factory spot is not much, there is no inventory pressure, Luxi Cyclohexanone has the possibility of shipment in the near future. In the short run, the overall supply may increase steadily; in the long run, the early planned production of cyclohexanone plant in July, rumors have delayed the start-up time, and the possibility of new release capacity of cyclohexanone in the late part of the month is small. Cost side has some support, demand side, chemical fiber market gap still exists, the high rise is weak, and the profit margin is scarce, next week or slightly reduced. Cyclohexanone analysts at business associations expect high consolidation in the cyclohexanone market next week.