Monthly Archives: January 2021

Adipic acid market price pushes up

According to the data of the business club’s block list, the domestic adipic acid market went up this month. According to the monitoring, the sample obviously went up by 4.73%, and many regions showed a warming trend. Moreover, the quotations of most dealers are tentatively high, and the quotations of some dealers are falsely high in East China, South China and other regions, so there is room for speculation. According to the monitoring of business association, the quotation range of adipic acid market is 8300-8500 yuan / ton.


Sodium Molybdate

In terms of market supply, the operating rate of adipic acid manufacturers remained at a medium high level in January, about 80%. The market supply was relatively sufficient, and the manufacturers’ inventory pressure was acceptable. In general, the inventory pressure of manufacturers is not big, mainly due to a wave of price reduction from December last year to the first ten days of January this year. At present, the social inventory is more reasonable. Combined with the replenishment behavior in the downstream before the year, the supply side pressure is generally controllable, and the relatively tight supply environment is our own This is the main reason for the price rise.


Pure benzene market trend chart


In terms of cost, the upstream crude oil price continued to run at a high level, and the high oil price provided cost support for the downstream chemical industry. The business community monitored that the price of pure benzene in the upstream of adipic acid remained at a high level, which continued to rise this month, with a monthly increase of more than 5.49% as of January 29. The pressure of cost (as shown in the figure above) forced the adipic acid price to remain at a high level, but in the last week of January, the price of pure benzene remained at a high level Benzene prices stop rising and fall slightly, adipic acid may lose its cost advantage in the later stage, and the price may be under pressure.


PA66 market trend chart


In terms of downstream demand, the terminal performance is rigid and stable. Although polyurethane is affected by the general real estate operating rate this year, and the northern region is basically not affected by environmental protection and cold weather, the demand for thermal insulation materials is stable, and the procurement behavior of downstream stock before the Festival remains unchanged. In addition, as far as PA66 is concerned, the price of PA66 is still at an all-time high in January. So far, according to the data of business news agency, the price of PA66 has increased by 1.73% in January. The market has been running at a high level, and the strength has declined, and the growth rate has narrowed. It is expected that the market will have a smooth transition before the year, and rigid demand will still give adipic acid some support.


In the later stage, the business community believes that adipic acid is currently at a high level. Affected by the speculation of traders, there is a certain moisture in the market. In the later stage, the price may be subject to the suppression of demand without big action. At present, when the Spring Festival is approaching, the downstream operating rate may decline. At present, the cost of pure benzene also shows signs of peaking, and the downstream PA66 also has the risk of callback. It is expected that adipic acid will continue to rise in the near future Maintain a high level, continue to rush up the possibility is not big, after the festival does not rule out the possibility of falling back.

Shandong LPG prices fell nearly 15% in late January

After entering the second half of January, Shandong’s LPG civil market fell continuously, with a drop of nearly 15% as of the 26th. According to the data monitoring of business society, the average price of LPG in Shandong market was 4150 yuan / ton on January 15 and 3560.00 yuan / ton on January 26, with a decrease of 14.22% during the period, up 2.01% compared with January 1.


Sodium selenite

As of January 26, the mainstream prices of LPG in various regions of China are as follows:

Specification ﹣ mode of transportation ﹣ region ﹣ mainstream transaction price

Civil gas and automobile transportation in North China: 3150-3600 yuan / ton

Civil gas and automobile transportation in eastern China: RMB 3760-3800 / T

Civil gas and automobile transportation in South China: RMB 4000-4060 / T

Civil gas and automobile transportation in Shandong Province: 3500-3580 yuan / ton

In the last ten days of January, the LPG civil market is going further and further down the road. According to the data of business news agency, from January 15 to 26, the average price of Shandong LPG civil market has been reduced by nearly 600 yuan / ton. The main reason for this is the international crude oil. Since January 15, the trend of international crude oil is not clear. During this period, the main reason is the volatile decline, which is difficult to support the LPG market. Secondly, in terms of demand, the northern market is affected by social and public health events, the demand has declined, and transportation in some areas is limited, which brings some resistance to the market. Under the mentality of buying up but not buying down in the downstream, the market entry is rare, the market transaction atmosphere is weak, the manufacturers’ shipment is blocked frequently, and the ex factory prices are falling one after another, which stimulates the downstream to purchase in the market. But the effect is not good, downstream market enthusiasm is limited, manufacturers in inventory pressure, forced to drop factory prices, market weakness.


Looking at the LPG futures market again, the futures market fell frequently in late January, which had limited positive effect on the spot market. On January 26, the opening price of LPG futures contract 2103 was 3430, the highest price was 3455, the lowest price was 3331, the closing price was 3336, the former settlement price was 3453, and the settlement price was 3394, down 117, or 3.39%. The trading volume was 99325, the position was 54996, and the daily increase was 13083. (quotation unit: yuan / ton)


At present, Shandong’s civil gas market has largely stopped falling and stabilized. The slight rise of international crude oil has brought some positive support to the market. The mentality of the downstream has improved, and a small amount of gas has entered the market on demand, but the market transaction atmosphere has not improved significantly. At present, the inventory pressure of manufacturers is still high, and some manufacturers’ inventory is at a high level, and the positive market support is limited. It is expected that the price will continue to be weak in the short term, and there is still a possibility of decline.

Bacillus thuringiensis

The price of sulfuric acid in Shandong fell this week (1.18-1.22)

1、 Price trend


Potassium monopersulfate

This week, the distribution price of sulfuric acid in Shandong fell, from 317.50 yuan / ton at the beginning of the week to 305.00 yuan / ton at the end of the week, a decrease of 3.94%. Overall, the sulfuric acid market fell this week, with the sulfuric acid commodity index at 47.47 on January 22.


2、 Market analysis


From the quotation of manufacturers, the prices of mainstream sulfuric acid manufacturers in Shandong Province fell this week, with large inventory and general downstream demand. Heze Jiangyuan quoted 450 yuan / ton at the weekend, down 10 yuan / ton compared with the beginning of the week; Zouping Tianlu quoted 300 yuan / ton at the weekend, up 10 yuan / ton compared with the beginning of the week; Jinan Yuanfei quoted 350 yuan / ton, down 50 yuan / ton compared with the beginning of the week; Taiyuan kunshengda quoted 120 yuan / ton at the weekend, temporarily stable compared with the beginning of the week.


From the perspective of the upstream and downstream industry chain, the sulfur market in the upstream has risen slightly recently, and the cost support is good. However, the market prices of monoammonium phosphate, diammonium phosphate and bromine in the downstream rose slightly, which had a positive impact on sulfuric acid.


3、 Future forecast


In late January, the sulfuric acid Market in Shandong may fluctuate slightly. The price of sulfur in the upper reaches has been consolidated at a high level in recent years, the market in the lower reaches is better, the purchasing enthusiasm of sulfuric acid in the lower reaches is normal, and the product trend rises under the contradiction between supply and demand. Business community sulfuric acid analysts 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 small shock rise.

ferric sulfate (Poly ferric sulphate)

DOP price dance with ISO octanol

Price trend


Azodicarbonamide (AC foaming Agent)

According to the data monitoring of the business association, the plasticizer DOP market followed the octanol market this week, and the DOP price fluctuated and adjusted. As of January 25, the price of DOP was 9400.00 yuan / ton, down 0.79% from 9475.00 yuan / ton at the beginning of last week.


Upstream market of industrial chain

It can be seen from the price trend chart of isooctanol that the price of isooctanol fluctuated and adjusted this week, the overall market of isooctanol fluctuated and weakened, the cost of DOP raw materials fluctuated and adjusted, the rising power of DOP weakened, and the downward pressure increased.

As can be seen from the trend chart of phthalic anhydride, the price of phthalic anhydride rose slightly this week, the market of phthalic anhydride recovered slightly, the cost of raw material phthalic anhydride of DOP rose slightly, the downward pressure of DOP decreased, and the upward momentum increased.


Downstream market of industrial chain

It can be seen from the PVC price trend chart that this week, PVC prices rose, PVC market recovered, DOP demand rose, DOP downstream market recovered, plasticizer DOP market increased.


Market summary and future expectation


Bai Jiaxin, DOP data analyst of business news agency, believes that this week, DOP raw material ISO octanol price fluctuated and adjusted, DOP cost fluctuated and adjusted; downstream PVC market recovered, DOP demand increased, DOP rising momentum increased. On the whole, PVC market rebounded, DOP demand rose, but the overall DOP rising power was limited, the price of isooctanol fluctuated and adjusted, DOP market followed the price of isooctanol, DOP danced with the price of isooctanol.

Analysis of Styrene Market on January 22

On January 22, the overall styrene market fell. Crude oil was stable, pure benzene was closed, ethylene was weak, styrene cost support was acceptable, and styrene continued to reduce its position in the night market. This week, the import supply was obviously low, the port inventory accumulation was slow, the operation rate of domestic styrene rose, and the supply on site was good. On the downstream side, as the downstream plants gradually enter the production reduction or shutdown period in the last ten days of ABS, the demand for styrene shrinks again. EPS and PS need to be observed. Generally speaking, with the advent of seasonal off-season, the demand support of the three downstream plants is not strong. And according to market news, next week, the main port’s arrival volume is around 50000 tons, and the arrival volume is too much. If there is no closure and other accidents, the main port will accumulate again. It is expected that in the short term, the market will once again periodically suppress the profit of styrene production, and styrene may adjust in a weak way,


Today, the price of styrene in East China was lowered to 6800-6900 yuan / ton. The price is around 6300-6400 yuan / ton in Northeast China and 6900-7000 yuan / ton in South China.

povidone Iodine

The price of dimethyl ether fluctuated and rose in early January

In 2021, the market of dimethyl ether continued the rising trend at the end of 2020. At present, it is more than half in January. The trend of dimethyl ether is twists and turns, and the overall fluctuation rises. According to the data monitoring of business news agency, the average price of dimethyl ether in Henan market was 3333.33 yuan / ton on January 1, and 3540.00 yuan / ton on January 15, with a half month increase of 6.20%. As of January 15, the domestic market prices of dimethyl ether are as follows:


Region specification Date Quotation

The mass fraction of DME in Shandong area: ≥ 99.0% on January 15, > 3460-3700 yuan / ton

The mass fraction of dimethyl ether in Hebei area: ≥ 99.0% on January 15 to 3500 yuan / ton

The mass fraction of dimethyl ether in Henan Province: ≥ 99.0% on January 15, > 3480 yuan / ton

After the new year’s day, due to the strong trend of international crude oil, the price of LPG civil market rose sharply, the news was favorable to the market mentality, and the demand for storage and replenishment after the festival in the downstream, the market enthusiasm was high, the market transaction atmosphere was good, the manufacturers shipped smoothly, the inventory was mostly at a low level, and the ex factory price was greatly increased.


According to the data monitoring of the business community, the market weakened from January 10 to 11. Due to the rapid price rise of the LPG civil market after the festival and the limited downstream acceptance capacity, after the completion of replenishment, most of them withdraw from the market and wait-and-see, with poor enthusiasm for entering the market, the market transaction atmosphere weakened obviously compared with the previous period, and the power to continue to rise was insufficient. Affected by this, the mentality of dimethyl ether Market has weakened, and the manufacturer has slightly reduced the ex factory price. However, in just two days, the market went up again, and the wide rise of methanol cost market boosted the market. Then on the 12th, the international crude oil rose, and the news boosted the market mentality. The civil LPG market followed the rise, and the price difference between gas and ether widened again. The LPG futures rose, and the dimethyl ether market mentality improved, following the rise of civil gas. Under the mentality of controlling the rise of the downstream, the manufacturer replenished goods in the market, the shipment was smooth, the mentality was firm, and the inventory was free of pressure.


At present, the operating rate of dimethyl ether Market is about 16%, which is not different from the previous period, and the market supply is relatively stable. In terms of demand, the terminal demand is better, and the downstream market entry is more positive. But the cost of horizontal finishing, the market support is limited. In the future, the dimethyl ether market may be dominated by weak consolidation in the short term.

Sodium Molybdate

Nitric acid price stable this week (1.4-1.8)

1、 Nitric acid market price trend chart


Chitosan oligosaccharide

Nitric acid price curve


According to the monitoring of business agency, the average price of nitric acid in domestic areas this week is 2050 yuan / ton, and the quotation is temporarily stable.


2、 Market analysis


Anhui Jinhe quoted 1950-2000 yuan / ton, which was the same as last week; Shandong helitai Chemical Co., Ltd. quoted 2200 yuan / ton, which was the same as last week; Wenshui Synthetic Chemical Co., Ltd. quoted 1950 yuan / ton of concentrated nitric acid, 810 yuan / ton of dilute nitric acid, which was the same as last week. The market of nitric acid is general, and the quotation of manufacturers is mainly for maintaining stable operation.


For upstream liquid ammonia, in Shandong this week, the mainstream market quotation was 3000-3150 yuan / ton, with a drop of about 100 yuan / ton, and the decline was 0.85% according to the monitoring of the business community; for downstream aniline, according to the data of the business community’s block list, the price of aniline was very high this week. On January 10, the price of aniline in Shandong was 7800-7900 yuan / ton, while that in Nanjing was 8000-8100 yuan / ton, the average price was the same as last week.


3、 Future forecast


Downstream demand slowed down, business analysts expect nitric acid prices or will decline.

Bacillus thuringiensis

On January 11, northwest calcium carbide quotation fell 4.31%

Trade name: calcium carbide


povidone Iodine

Latest price (January 11): 3333.33 yuan / ton


On January 11, the ex factory quotation of calcium carbide in Northwest China fell by 150.00 yuan / ton, or 4.31%, compared with the quotation on January 8. The price of raw material blue carbon was high and the cost of calcium carbide was well supported. The downstream PVC market has fallen sharply recently, downstream customers are generally enthusiastic about purchasing calcium carbide, the output of calcium carbide has risen, and the market supply exceeds demand. Calcium carbide fell slightly in the future.


In the near future, the factory price of calcium carbide in Northwest China may fluctuate slightly: the quotation of the manufacturer is about 3300 yuan / ton.

In 2020, the price of coke market fluctuate in the first half of the year and go up in the second half of the year

According to the data monitoring of the business society, the coke market in the first half of 2020 is mainly volatile, and it will go up all the way in the second half. By the end of the year, the coke market price in Shanxi was 2242.50 yuan / ton, up 26.93% from 1766.67 yuan / ton at the beginning of the year, and the highest price reached 2242.50 yuan / ton, a new high in recent 10 years.


Gamma-PGA (gamma polyglutamic acid)

As shown in the figure above, the current trend in 2020 is basically the same from the current comparison chart of business community coke. At the beginning of 2020, the commodity market was affected by the public health events, and the coke market could not escape the downward trend. Then, the market trend was divided, with gold and black plates taking the lead, iron ore and coke both increasing by more than 50% annually.


In the first half of 2020, the coke market will fluctuate mainly in a “V” shape, and will go up all the way in the second half.


In the first half of the year, the coke market was mainly downward in the first quarter. Affected by public health events, production, transportation and other links were limited in the first quarter. The operating rate of coke related mining enterprises, coking enterprises and steel plants was generally low. In the case of weak supply and demand, the price was mainly downward. At the beginning of the second quarter, the domestic production, transportation and operation continued to improve, the limited production capacity of the ore terminal recovered, the supply improved, and the coke futures first fell and then rose, further benefiting the mentality of the spot market. The start-up of downstream steel plants has been gradually restored, and the demand for coke is good. Superimposed with the promotion of the capacity reduction plan of each main production area in 2020, the black industrial chain is the main industry on the whole.


It can be seen from the above figure that the coke price has a stable trend of nearly half a month in mid July. After the first round of increase at the end of August, the coke market has been going up all the way. The reasons that support the price of coke rising all the way are as follows:


1. Capacity reduction:


2020 is the closing year of the 13th five year plan. The deadline for most of the de capacity policies in various regions is December 31, 2020, especially in the second half of the year. According to statistics, in 2020, the coke industry will eliminate about 67 million tons of backward production capacity, increase nearly 50 million tons of production capacity, and reduce about 17 million tons of production capacity. There will be about 56 million tons of new production capacity in 2021, and there are still nearly 35 million tons of backward production capacity, which will be gradually shut down in 2021 as planned. It can be said that capacity reduction in 2020 is the hot spot of coke industry throughout the year.


General Office of Shanxi Provincial People’s Government Taiyuan, Linfen, Changzhi and other cities are required to withdraw from coke ovens with the height of 4.3 meters and below according to the approved reduction plan, while Jinzhong, Luliang, Yuncheng, Xinzhou and Yangquan counties (cities and districts) belonging to the “1 + 30″ region strive to withdraw from coke ovens with the height of 4.3 meters and below. Before the heating season in 2020, the whole province will shut down and phase out, reducing the coking capacity by more than 20 million tons. We will continue to promote the relocation and withdrawal of heavy polluting enterprises in urban built-up areas and surrounding areas. By the end of October 2020, 11 Planning Districts of cities divided into districts will withdraw from iron and steel, coking and casting enterprises that do not meet the class A and class B standards of the industrial enterprise classification control of the Ministry of ecological environment, and from iron and steel enterprises that have not completed ultra-low emission transformation (including transportation) within the scope of “1 + 30″. In accordance with the Interim Provisions of Shanxi Province on the elimination of coal washing enterprises, the verification and identification of coal washing enterprises (factories) shall be completed before the end of September 2020. If the identification results belong to the elimination scope, the local county-level government shall ban them in accordance with the law.


Shandong Province issued the implementation plan on accelerating the high-quality development of seven high energy consuming industries, vigorously promoting the capacity reduction, integration and transfer of seven high energy consuming industries, such as steel, aluminum, refining, coking, chemical fertilizer, chlor alkali and tire, and striving to achieve reasonable structure, layout optimization and quality efficiency improvement of high energy consuming industries. The introduction of “one industry, one policy” has helped the orderly and powerful promotion of high-quality development of high energy consuming industries. In the coking industry, Shandong firmly promotes the elimination of backward production capacity, implements inventory management of existing coking projects, and implements the measures of “determining production by coal”, so as to ensure that the coke output of the whole province does not exceed 32 million tons this year.


In 2018, Hebei Province printed and issued the work plan for reducing production capacity of key industries in Hebei Province (2018-2020), making it clear that the steel production capacity of the whole province will be controlled within 200 million tons by the end of 2020.


Hebei provincial government has issued “several policies and measures on promoting the structural adjustment and high-quality development of coking industry”. For coke ovens with a height of 4.3m, relevant enterprises should put forward upgrading or reduction plans before the end of 2019, and all coke ovens with a height of 4.3m in the whole province will be shut down before the end of 2020.


Bacillus thuringiensis

2. Environmental protection


During the supply side reform of coking industry in 2017-2018, most backward production capacity will be eliminated in the past two years, and the coke output will be stable in 2019. After 2019, as the environmental protection and production restriction policy of coking industry will no longer be implemented across the board, the overall start-up of coking plant will remain high, and the coke output will reach a new high in the same year. In 2019, China’s total coking capacity will be about 640 million tons. Although the environmental protection policy is no longer one size fits all, the frequent environmental inspection still has a certain impact on the local coking enterprises.


3. Transportation


On June 11, 2020, we learned from the Department of ecological environment of Shanxi province that according to the work implementation plan of “public to railway” recently issued by Shanxi Province, all coal and coke out of the province should be transported by railway. However, the transportation in other areas is mainly automobile transportation. Since winter, there are more severe cold weather in 2020. The main coke producing areas in China are all in the colder areas in the north. The severe cold weather has a certain impact on the transportation and handling of coke.


4. Poor performance of new capacity


In 2020, the newly increased production capacity in China will be mainly concentrated in the areas where the previous 4.3m coke ovens were eliminated, such as the main production areas of Shanxi, Hebei and Inner Mongolia. Due to the fact that it will take about 2-3 months for the operation rate of newly increased production capacity to fully improve, the backward production capacity will be eliminated and forced to withdraw at the end of December. The production capacity of newly increased production capacity is limited, resulting in the tight supply of coke market noodles. In 2021, there will still be some new production capacity put into operation. According to the time node, most of the de production capacity will be implemented in the second quarter.


5. Better downstream demand


In 2020, the domestic steel production has been on the high side. Even if the overall domestic construction started in the first quarter is on the low side, the impact of the steel industry is still small. According to the Statistics Bureau, the domestic pig iron output from January to November 2020 was 812.9 million tons, a year-on-year increase of 4.20%. In 2020, the impact of environmental protection policies on steel plants is weaker than in previous years, and the production of emission enterprises after transformation has been relatively stable in autumn and winter this year. Stable high downstream demand provides strong support for the rise of coke price.


As of the end of August, coke has gone through 12 rounds of increase, including 11 and 12 rounds of increase of 100 yuan / ton, and 12 rounds of cumulative increase of 700 yuan / ton. Since entering the fourth quarter, the coke market has been facing the situation of tight supply, mainly concentrated in Shanxi, Henan and other places. In the case of low coke inventory, coke has been in the seller’s market in the fourth quarter. In addition, some steel mills have the demand for goods preparation before the Spring Festival, Hebei and other places are limited in outward transportation and other factors. At the beginning of 2021, the twelfth round of coke price rise will be implemented. From a macro point of view, 2021 is the first year of the 14th five year plan. Although it has made a good start for the coke market, with the gradual production of new production capacity, Coke will eventually enter a state of supply and demand balance. After coke goes out of the seller’s market, the price will eventually return. However, in terms of the current market in the first quarter, the price of coke is likely to reach a new high in the past decade.

Chitosan oligosaccharide

Eight figures of octanol in 2020

Price trend of Shandong octanol in 2020



【1】 In 2020, the price of octanol in Shandong will fluctuate by 69.86%


As can be seen from the above figure, the ex factory price of octanol in Shandong will fluctuate and rise in 2020. As of December 31, the average ex factory price quoted by mainstream octanol manufacturers was 11833.33 yuan / ton, up 4866.66 yuan / ton or 69.86% compared with 6966.67 yuan / ton quoted at the beginning of the year.


【2】 Shandong octanol price fell 22.49% in the first quarter


In the first quarter of 2020, the market of octanol dropped. The ex factory price of octanol dropped from 6966.67 yuan / ton on January 1 to 5400.00 yuan / ton on March 31. The quoted price dropped by 1566.67 yuan / ton, or 22.49%. Overall, Shandong octanol market fell significantly in the first quarter.


【3】 The price of Shandong octanol rose 42.72% in the second quarter


Octanol market rose in the second quarter, the ex factory price rose from 5266.67 yuan / ton on April 1 to 7516.67 yuan / ton on June 30, up 2250.00 yuan / ton, or 42.72%; overall, octanol market rose sharply in the second quarter.


【4】 In the third quarter, the price of Shandong octanol fluctuated and fell by 1.11%


Bacillus thuringiensis

Octanol market fell first and then rose in the third quarter. The ex factory price of octanol dropped from 7516.67 yuan / ton on July 1 to 6916.67 yuan / ton on August 28, down 600.00 yuan / ton, down 7.98%; then it rose to 7416.67 yuan / ton on September 18, up 500.00 yuan / ton, up 7.23%. Finally, the price of 7420 yuan / ton was maintained until the end of the quarter. Overall, octanol market in the third quarter fell by 1.11%.


【5】 The price of Shandong octanol rose 59.19% in the fourth quarter


Octanol market rose sharply in the fourth quarter. The ex factory price of octanol increased from 7433.33 yuan / ton on October 1 to 11833.33 yuan / ton on December 31, and the quoted price increased by 4400.00 yuan / ton, or 59.19%. Overall, the octanol market rose sharply in the fourth quarter and stabilized at the end of the quarter.


【6】 Up 29.09% in a single month


In December 2020, the ex factory quotation of octanol increased from 9166.67 yuan / ton on December 1 to 11833.33 yuan / ton on December 31, with an increase of 2666.66 yuan / ton, the biggest monthly increase in 2020, with an increase of 29.09%.


【7】 The biggest drop in one month is 17.97%


In March 2020, the ex factory quotation of octanol decreased from 6583.33 yuan / ton on March 1 to 5400.00 yuan / ton on March 31, with a decrease of 1183.33 yuan / ton, the largest monthly decrease of 17.97%.


【8】 The highest price difference of octanol in 2020 is 6800.00 yuan / ton


On April 3, 2020, the average ex factory price of octanol is 5066.67 yuan / ton, which is the lowest price of octanol this year. On December 21, 2020, the average ex factory price of octanol is 11866.67 yuan / ton, which is the highest price of octanol this year. Compared with the lowest price, the price difference of octanol is 6800.00 yuan / ton.