According to the data of the bulk list of business agencies, the average price of propylene oxide enterprises as of June 7 was 14300 yuan / ton, down 8.53% compared with the price at the beginning of the month, 25.65% lower than that on May 7, and 24.60% year-on-year in three months.

In May, the propylene oxide market fell, and the market continued to decline in June. In recent years, the overall operating rate of propylene oxide is high, and the supply side is abundant, but the demand side is not followed up enough. In the process of price decline, the downstream risk aversion mood is heavy, the market is more waiting and waiting, the pace of investment slows down, and the focus of market negotiation gradually decreases. At present, the mainstream quotation of epichlorohydrin market in Shandong Province is about 13500-13700 yuan / ton, while that in East China is about 13700-13900 yuan / ton.

The upstream propylene price rise in Shandong Province decreased by June 4. According to the price chart of the business agency, the propylene price in Shandong Province rose continuously in May, then fell in a shock and fell, and the end of the month continued to decline. The price continued to decline in early June. After a substantial increase of 150-250 yuan / ton on the 3rd, today, the price continued to rise slightly, with the range of 50 yuan / ton. The current market transaction rose to 7850-8250 yuan / ton, with the mainstream price of about 8050 yuan / ton.

According to the monitoring data of business society, the reference price of propylene glycol was 16000.00 on June 4, which was the same as that of June 1; Downstream soft foam polyether, as of June 7, Shandong soft foam polyether market was arranged in horizontal market, with general market investment atmosphere. On July 7, the mainstream quotation of ordinary soft foam polyether market in Shandong was 13800-14000 yuan / ton.

According to the analysts of propylene oxide of business agency, the current cost side impact is limited, and the factory has a strong intention to stop falling. However, the downstream purchasing mentality is cautious and the basic aspect of market supply and demand is still weak. It is expected that in the short term, the propylene oxide Market will be weak and stable operation as the main, and more attention should be paid to the market information guidance for specific trends.

The domestic BDO market continued to be weak and the spot talks were light. At present, except that Kaixiang plant has not produced any products after shutdown for maintenance and Tianye restart, other plants have stable operation and abundant supply. According to the sample data monitored by the business association, as of June 7, the average producer price of domestic BDO was 19600 yuan / ton, with a month on month decrease of 25.76% and a year-on-year increase of 137.29%. In terms of market price, the mainstream negotiation of spot bulk water in East China is 17800-18200 yuan / ton, while the mainstream negotiation of spot bulk water in South China is 18000-18200 yuan / ton.

The domestic BDO market continued to be weak and the spot talks were light. At present, except that Kaixiang plant has not produced any products after shutdown for maintenance and Tianye restart, other plants have stable operation and abundant supply. Demand side: the main downstream PTMEG started at a high level, PBT, TPU and other loads increased slightly, and multi-dimensional held contract procurement. Most terminals are still resistant to high price raw materials. Therefore, BDO’s downstream multi industry offers are lowered for promotion, and the profit mentality drives the purchase of raw materials to lower the price seriously. Traders trading enthusiasm is not high, bearish atmosphere is strong, let profit shipping mentality mainstream, negotiation focus down.

At present, there is no good support from the supply and demand side. The industry is mostly bearish, and small orders need to be closed. The game between supply and demand continued, and the focus of negotiation continued to decline. BDO business analysts expect that the domestic BDO market is in a downturn in the short term.

Recent price trend of isooctanol

As can be seen from the figure above, the ex factory price of isooctanol in Shandong Province fell first and then rose this week. This week, the average price of isooctanol in Shandong Province first dropped from 14666.67 yuan / ton on May 31 to 14066.67 yuan / ton on May 31, a sharp increase of 4.09%, and then rose to 14633.33 yuan / ton on June 4, an increase of 4.03%, a year-on-year increase of 115.72%. On the whole, the market of isooctanol fell slightly this week, and there was an upward trend in the single weekend. The commodity index of isooctanol on June 4 was 109.80.

Maintenance is later than expected, supply is still insufficient

From the manufacturer’s quotation, the factory quotation of Shandong’s mainstream ISO octanol manufacturers fell this week: Jianlan chemical’s quotation of ISO octanol this weekend was 14600 yuan / ton, which was temporarily stable compared with that at the beginning of the week; Lihuayi’s offer of ISO octanol this weekend is 14600 yuan / ton, which is temporarily stable compared with that at the beginning of the week; Hualu Hengsheng quoted 14700 yuan / ton of ISO octanol this week, down 100 yuan / ton compared with the beginning of the week. The maintenance of ISO octanol plant is later than expected, the overall operation rate of ISO octanol industry is insufficient, and the spot supply of ISO octanol is in short supply.

From the perspective of the upstream and downstream industrial chain, the propylene market in the upstream raw material market of ISO octanol rose sharply this week, with the quoted price rising from 7781.27 yuan / ton at the beginning of the week to 8034.91 yuan / ton at the end of the week, an increase of 3.26%, and a year-on-year increase of 16.34%. The price of raw materials in the upstream market rose sharply, affected by the supply and demand side, which had a positive impact on the price of isooctanol.

Isooctanol downstream market, DOP factory price high consolidation this week. DOP quotation fell from 12700.00 yuan / ton at the beginning of the week to 12650.00 yuan / ton at the end of the week, a decrease of 0.39%, up 77.34% over the same period of last year. The downstream DOP price was high, the downstream customers had a good enthusiasm for octanol procurement, and the demand for isooctanol was strong.

Short supply and bullish outlook

In early June, the market trend of isooctanol in Shandong may rise slightly. Overall, the recent resumption of production of ISO octanol plant is later than expected, the overall operation rate of ISO octanol industry is insufficient, the spot supply of ISO octanol is in short supply, and the downstream market is good, the demand is strong, and the supply exceeds the demand. As a result, isooctanol analysts from business news agency believe that the domestic market of isooctanol may rise slightly in early June.

According to the data monitoring of business news agency, the market of dichloromethane rose this week (5.31-6.4). As of June 4, the average price of dichloromethane in Shandong was about 4006 yuan / ton, up 4.52% from 3833 yuan / ton at the beginning of the week.

This week, the overall operation rate of domestic methane chloride plants increased slightly. According to the business news agency, this week, the Jinling Dongying plant was in high load operation, the Dongyue methane chloride plant was in full load operation, the Jinmao methane chloride plant was in shutdown, and about 90% of the projects were started in Luxi, Jiangsu Liwen methane chloride overhaul was completed, and Jiangxi Liwen started at full load, The construction of Meilan Juhua is about 70%.

The price of raw material liquid chlorine is at a high level, the price of methanol is slightly down, and the cost side is still supported. According to the business news agency, as of June 4, the price of methanol was 2672 yuan / ton, down 1.87% from 2622 yuan / ton at the beginning of the week; As of June 4, the main factory price of liquid chlorine for tank cars in Shandong Province was about 2100 yuan / ton.

Future forecast: business community methane chloride data analysts believe that after a sharp fall in prices in the early stage, there is a rebound demand for dichloromethane. In addition, the downstream demand still has some support, and the price of raw material liquid chlorine also returns to a high level. On the whole, the price of dichloromethane will remain high and firm in the short term.

1、 Chart of the price trend of nitric acid Market

Price curve of nitric acid

According to the monitoring of business agency, the average price of concentrated nitric acid in domestic areas at the beginning of this week was 2250 yuan / ton, and the average price at the weekend was 2233 yuan / ton, down 0.74%.

2、 Market analysis

On May 25, Anhui Jinhe quoted 2100 yuan / ton, which was 50 yuan / ton lower than the previous one; Wenshui Synthetic Chemical Co., Ltd., the price of concentrated nitric acid is 2200 yuan / ton, and that of dilute nitric acid is 960 yuan / ton, and the price of concentrated nitric acid is the same as that of the last time; Shandong helitai concentrated nitric acid quoted 2400 yuan / ton, the price was the same as the last time; Shaanxi Xinghua Chemical Co., Ltd. has quoted 2100 yuan / ton of concentrated nitric acid, which is the same as the last one. The nitrate Market is generally shipped.

Upstream liquid ammonia, Shandong region this week, the price of liquid ammonia producers rose 3.36%. Downstream aniline, week aniline market continued to decline, prices fell broadly. On May 21, Shandong price was 10700-11000 yuan / ton, Nanjing aniline price was 11100 yuan / ton, May 28, Shandong price was 9600-9700 yuan / ton; The price of aniline in Nanjing is 9900-10000 yuan / T / T, with the average price falling 11.25% from last week and 9.32% lower than that at the beginning of the month. TDI’s East China market rose 1.43 percent this week.

3、 Future forecast

The nitrate Market is generally shipped, and business agency nitric acid analysts expect nitric acid to decline slightly.

Price trend

As can be seen from the above figure, the comprehensive price of hydrochloric acid in Shandong fell this week, from 233.33 yuan / ton at the beginning of the week to 226.67 yuan / ton at the end of the week, a decrease of 2.85%. Overall, hydrochloric acid market fell this week, with hydrochloric acid commodity index at 59.65 on May 28.

quotations analysis

From the manufacturer’s quotation, this week’s hydrochloric acid Market manufacturer’s quotation is temporarily stable, the overall market is general. The quotation of Dezhou Shihua hydrochloric acid is 500 yuan / ton, which is temporarily stable; At the end of the week, the price of synthetic hydrochloric acid from Wenshui was 230 yuan / ton, which was temporarily stable compared with that at the beginning of the week; The quotation of Jinan Yuanfei hydrochloric acid at the weekend is 300 yuan / ton, which is temporarily stable compared with that at the beginning of the week; Dezhou Maihua hydrochloric acid quoted 150 yuan / ton over the weekend, down 20 yuan / ton compared with the beginning of the week.

From the perspective of the upstream and downstream industry chain of hydrochloric acid, the market of liquid chlorine in the upstream is general, which gives weak support to hydrochloric acid, while the market prices of silica and ammonium chloride in the downstream are high, which has a positive impact on hydrochloric acid. Hydrochloric acid market as a whole fell slightly this week, hydrochloric acid shipment is still a big problem.

Future forecast

Upstream liquid chlorine Market in the near future general, downstream silica, ammonium chloride market high consolidation. Business community analysts believe that hydrochloric acid in the recent small shocks.

1、 Price trend

Mixed xylene prices fell slightly this week, according to data from the business agency’s bulk list. On May 23, the price of mixed xylene was 5960 yuan / ton; The price of this Sunday (May 30) was 5920 yuan / ton, down 40 yuan / ton, or 0.67% from last week; It was up 62.64 per cent from the same period last year.

2、 Analysis and comment

In domestic, the spot market is in sufficient supply, but the downstream demand is weak, the market is weak due to the lack of guidance in the field. On the external market, as of May 28, the price of imported mixed xylene in South Korea was 765 USD / T, while on May 21, the price fell by 1 USD / T, or 0.13%; The reference price of domestic imported mixed xylene was US $784 / T, which was down by $4 / T, or 0.51% on May 21, on May 21.

On the crude oil side, Iran resumed crude oil exports or delayed, the market had a strong outlook for recovery of crude oil demand, and the Gulf of Mexico oil field in the United States or closed under the influence of storm, and oil prices rose. But India is in a severe situation, which still restricts the recovery of demand. Brent rose $2.62 / barrel this week, or 3.92 percent, on May 21; WTI rose $2.52/barrel, or 3.96 percent.

Downstream, PX market, this week, domestic PX prices remained stable, with prices at 6400 yuan / ton, up 56.1% year on year. Asia closed at $826-828 / T FOB Korea and $844-846 / T CFR China as of May 28.

PTA market, this week, the East China region PTA rose in shock, Sunday (May 30) price at 4670 yuan / ton, up 1.56% from last week, 31.38% higher than the same period last year.

In the ox market, the ox price this week was flat compared with last week, while on Sunday, the price of ox in East China was 6200 yuan / ton, up 47.62% from the same period last year. Domestic o-xylene market is stable temporarily and supply is sufficient; External offer fluctuated and increased; Cost shocks fell; Downstream market volatility fell, demand just need to be the main, o-benzene transaction enthusiasm is general.

3、 Future forecast

Xylene analysts of the chemical branch of business society think: on the supply cost side, opec+ production reduction implementation, the total number of us oil drilling platforms and weekly EIA and API inventory data. Second, the demand side, the impact of global epidemic on crude oil demand, the recovery of industrial chain, and the economic and trade situation in Europe and America. Third, we will look at the geopolitical situation between the Middle East and the United States, the progress of the new crown vaccine, the dollar index and the stock market linkage.

The crude oil market is full of uncertainty, the downstream follow-up is general, the mixed xylene market mentality is relatively short, and there is still a possibility of continued decline in the short term. We will continue to pay attention to the influence of the price trend of Blending Crude Oil and gasoline, the maintenance dynamics of mixed xylene plant, port inventory and downstream demand changes on the price of mixed xylene.