1、 Price trend

According to the monitoring data of business agency, the average ex factory price of domestic chlorinated paraffin 52 was 6700 yuan / ton on April 1 and 6687 yuan / ton on April 28. The price of chlorinated paraffin fell by 0.19% this month.

2、 Market analysis

Chlorinated paraffin rose first and then fell this month. The price of chlorinated paraffin increased slightly in early April. The cost support is good, the demand for chlorinated paraffin is general, and the downstream operation is low. The price of chlorinated paraffin in Anhui, Henan, Hebei and Shandong increased, and the market in other regions was stable. The price of chlorinated paraffin fell steadily in the middle and late April. The supply of chlorinated paraffin is acceptable, but the downstream demand is general and the raw material market is stable. The price of chlorinated paraffin in Shandong decreased, and the market in other regions was stable. Affected by the epidemic, the transportation situation is not smooth, and some enterprises stop production. The downstream demand weakened, the exchange trading volume decreased, and the price of chlorinated paraffin decreased slightly. As of April 28, the ex factory quotation of chlorinated paraffin 52 in Anhui is about 7000 yuan / ton, that in Shaanxi is about 6700 yuan / ton, that in Northeast is about 6500 yuan / ton, and that in Shandong is about 6350 yuan / ton.

In terms of raw liquid wax, the price of liquid wax rose steadily in April, and the enterprise shipped steadily. The market trading is active, and downstream manufacturers actively purchase. In terms of raw liquid chlorine, the market weakened after the price of liquid chlorine rose steadily in April. Due to the epidemic situation, the transportation was blocked and the atmosphere in the venue was weak. The overall demand is weak and the transaction volume is reduced.

3、 Future forecast

Analysts of chlorinated paraffin in business society believe that the price of raw liquid wax rose this month, which is a favorable support for the cost of chlorinated paraffin. However, the demand side follows up slowly, the supply and demand of chlorinated paraffin are weak, and the pressure is large. Due to the epidemic, some enterprises have stopped production. It is expected that the chlorinated paraffin will operate weakly and stably in the short term, and the site will mainly wait and see carefully.

According to the bulk list data of business society, as of April 27, the average quotation price of formic acid enterprises was 9666.67 yuan / ton, up 36.15% compared with the price at the beginning of the month, 113.24% year-on-year in a three-month cycle and 297.26% compared with the same period last year.

In April, the market price of domestic industrial grade 85% formic acid rose sharply. In the first half of the month, the price of the main raw material methanol weakened, but the cost support remained. A large factory on the supply side was overhauled, the market supply contracted, the export market orders on the demand side increased, and the domestic main downstream just needed to follow up. The market inquiry and procurement atmosphere was positive, which had a certain impact on the transportation in some regions, and the price of formic acid rose sharply. In the second half of the month, the impact of changes in the cost side was small, the market supply was tight, the export market support was good, the main downstream formate was mainly purchased on demand, the demand of the downstream pesticide and pharmaceutical industry was good, the market trading was orderly, the support of supply and demand was stable, and the high level of formic acid market operated firmly.

In terms of cost, the reference price of upstream caustic soda was 1274.00 on April 26, an increase of 13.35% compared with April 1 (1124.00); Upstream liquid ammonia, the liquid ammonia Market in Shandong rose slightly on April 27; Upstream sulfuric acid, the domestic sulfuric acid market was temporarily stable on April 27; Upstream methanol, according to the bulk list data of business society, the reference price of methanol was 2805.00 on April 26, down 8.63% compared with April 1 (3070.00).

Formic acid analysts of business society believe that at present, the main raw material methanol market is reorganized and operated, and the cost impact is general. The downstream needs replenishment just before the festival. The market atmosphere is mild and orderly. It is expected that the formic acid market will mainly operate at a high level in the short term, and more attention should be paid to the guidance of market news.

441# silicon price trend

Market analysis

Today, the price of metal silicon maintained stable operation. According to the price monitoring of business society, the average price of domestic metal silicon market on the 20th was 20860 yuan / ton.

From the perspective of supply and demand, the market confidence of metal silicon has warmed up, and the inquiry has increased. Near the May Day holiday, the demand for goods preparation before the holiday has increased. At present, the supply has not changed significantly. The overall furnace has been started in more than half. As of the 21st, the overall furnace opening rate is 50.10%, with a month on month increase of 0.39%. Compared with the downstream market, the sentiment of the upstream and downstream aluminum alloy manufacturers continued to decline, but the demand for DMC continued to increase.

Business analysts believe that the decline of metal silicon has stopped and stabilized as a whole. Under the macro positive and high cost, the short-term price is expected to remain stable.

According to the price monitoring of business agency, the domestic PTA market fell slightly. As of April 25, the average market price was 6129 yuan / ton, down 2.23% from the previous trading day and up 34.22% year-on-year. PTA futures 2209 closed at 5930, down 282, or 4.54%.

In terms of domestic PTA devices, the load of a 3.3 million ton PTA device of Yisheng new material decreased from 80% to about 50% on April 24, and the load of another 3.3 million ton PTA device increased from 80% to full load. The load of one 2 million ton and another 2.2 million ton PTA unit in Yisheng Ningbo has increased from 50% to about 80%. The 1 million ton unit of chuanneng chemical is planned to restart around the middle of May. At present, the operating load of the industry is 69.38%.

International crude oil futures prices closed lower, weakening the support for PTA costs. On April 22, the settlement price of the main contract of WTI crude oil futures in the United States was US $102.07/barrel, down US $1.72 or 1.7%; The settlement price of the main contract of Brent crude oil futures was US $106.15/barrel, down US $1.10 or 1.0%. The market is intertwined with long and short, the global economic recovery slows down, the Federal Reserve’s expectation of raising interest rates rises, and the domestic epidemic suppresses demand, and oil prices are under pressure. On the other hand, the EU is considering imposing an oil ban on Russia, tightening supply expectations and limiting the decline in oil prices.

The downstream polyester operating load is maintained at a low level of 77%, and the inventory is high, so it is difficult to make a substantial improvement at the PTA demand side for the time being. In the near future, the terminal demand was not followed up enough, and the on-demand purchase was continued, and the startup rate of Jiangsu and Zhejiang looms remained low at 54%. If the weaving factory continues to reduce production before May Day, the shipping pressure of polyester factory is still large. At the same time, logistics and other uncertain factors lead to the slow release of new orders or the cancellation of orders due to unsmooth delivery.

Business analysts believe that the crude oil fluctuates downward, the downstream polyester operating load is low and the production and sales are poor, the overall demand performance is poor, and the upstream and downstream bad news is superimposed. It is expected that the PTA market will still decline slightly.

According to the monitoring data of business agency, the price trend of TDI in East China fell first and then stabilized this week. As of April 22, the average market price in East China was 18375 yuan / ton, down 2.39% during the week and 7.08% month on month compared with 18825 yuan / ton at the end of last week.

During the week, the TDI market was weak. Affected by public health events, the logistics and transportation in the yard were blocked, and the trading in the yard was difficult. In addition, the downstream was affected by the epidemic, the purchase enthusiasm was not high, the terminal procurement was just needed, and the new orders in the market were weak. In terms of supply, the supplier parked multiple sets of TDI devices, the supply of goods in Shanghai was tight, the game between supply and demand, and the TDI market was in a stalemate. As of the 22nd, the quotation range of domestic goods in the distribution market in East China is about 17400-17800 yuan / ton, and that of Shanghai goods is 18000-18500 yuan / ton, mainly based on actual order negotiation. The dealer’s quotation will rise with the market news, and will be sorted down within the week.

The upstream toluene market was sorted upward, and the price fell first and then rose within the week. As of April 22, the average domestic price of toluene was about 7360 yuan / ton, down 2.94% from the price at the end of last week. During the week, the international crude oil showed a downward trend, but the gasoline price in Shandong continued to rise, which gave good support to the toluene Market. Coupled with the improvement of transactions in other domestic regions, the quotation in East China followed the rise, and the domestic toluene market rose as a whole.

According to the analysis of TDI data division of business society, at present, the downstream market entry enthusiasm of the domestic TDI market is not high, the terminal purchase is just needed, the supplier’s inventory is not under pressure temporarily, the on-site operators have a wait-and-see attitude and maintain stable shipment, while the logistics transportation is blocked, resulting in slow progress downstream. It is expected that the short-term TDI market will maintain a temporary stable wait-and-see operation, and the future market trend will pay attention to the downstream follow-up.

According to the bulk list data of business society, as of April 21, the average quotation price of formic acid enterprises was 9666.67 yuan / ton, which was flat compared with Monday’s price, increased by 83.54% compared with March 21, and increased by 113.24% year-on-year in a three-month cycle.

This week, the domestic industrial grade 85% formic acid market was stable at a high level. Recently, the price of methanol, the main raw material, has fluctuated upward, the price of sulfuric acid has fallen, the cost side has a certain support, and the supply side is tight. The main downstream formate is mainly purchased on demand. The demand of the downstream pesticide and pharmaceutical industry is good, the export market is hot, the market inquiry atmosphere is OK, and the strong supply and demand supports the high and strong operation of the formic acid market.

In terms of cost, the reference price of upstream caustic soda was 1280.00 on April 20, up 13.88% compared with 1124.00 on April 1. The market trading atmosphere was good, and the enthusiasm of downstream receiving was OK; For upstream liquid ammonia, on April 20, the reference price of liquid ammonia was 4986.67, an increase of 1.01% compared with April 1 (4936.67); For upstream sulfuric acid, the market price of domestic sulfuric acid fell slightly on April 20, which was 30 yuan / ton lower than that on April 18, a decrease of 2.49%, and a year-on-year increase of 107.35% over the same period last year; Upstream methanol, according to the monitoring data of business society, the average price of domestic methanol production enterprises was 2837 yuan / ton on April 20, up 0.98% from the previous trading day and 16.29% year-on-year..

The formic acid analyst of business society believes that at present, the main raw material methanol is subject to shock consolidation, and the export market is good. In addition, the downstream goods preparation demand before May Day festival has a stable demand side support. Under the support of supply and demand, it is expected that the formic acid market may operate at a high level in the short term.

Price: industrial grade lithium carbonate 470000 yuan / ton, battery grade lithium carbonate 488000 yuan / ton

Analysis: the price of lithium carbonate is still dropping today. At present, the new capacity of lithium carbonate continues to climb, and the market supply is stable. However, due to the impact of the domestic epidemic, the downstream material market has frequently stopped production and reduced production, and the enthusiasm for lithium carbonate procurement has been reduced. After Salt Lake enterprises reduced prices to sell lithium carbonate, the market mainly focused on long-term cooperative delivery, the transaction price decreased, and the traders’ shipping attitude was positive.

Forecast: at present, the demand for lithium salt is weak, which has put pressure on the price of lithium carbonate. It is expected that the price of lithium carbonate will be weak and volatile in the short term.

Trade name: epichlorohydrin

Latest price (April 19): 18566.67 yuan / ton

On April 19, the market price of epichlorohydrin fell, down 1.76% compared with the previous trading day and 3.63% compared with the price on March 19. At present, the price of raw material propylene rises slightly, the cost side has little impact, the demand side is light, the downstream buying atmosphere is insufficient, the market trading atmosphere is flat, and the support of supply and demand side is weak, dragging down the market.

It is expected that the cyclopropane market may be dominated by weakness in the short term.

The domestic acetone market declined slightly at the beginning of the week and rose on Wednesday, but the performance and turnover of the week need to be improved. In the national market, the average offer during the week rose from 5530 to 5600 yuan / ton, rising in a narrow range. During the week, the international crude oil rose in a wide range, with an appropriate amount of Hong Kong stock. The mentality of cargo holders was supported, and the price support mood was heavy. The offer rose accordingly, but the logistics factors continued to affect, the transportation was limited, and the terminal demand was low. As of the press date, the negotiation in East China is 5500 yuan / ton, the offer in Shandong is 5550 yuan / ton, the offer in Yanshan surrounding areas is 5550 yuan / ton, and the offer in South China is 5750 yuan / ton.

Several units in the downstream of pure benzene were shut down, the operating rate of styrene in the main downstream decreased significantly, the demand decreased, and pure benzene continued to weaken. In the first half of the week, the demand in Shandong was sluggish, and enterprises traded at the low end. Crude oil rebounded in the middle of the week, and the price soared by more than 10%. The cost support strengthened, driving the rise of pure benzene. However, under the influence of domestic public health events, the demand for pure benzene was poor, the price rise was blocked, and the price rebounded slightly and then consolidated horizontally. This week, Sinopec cut the price of pure benzene by 150 yuan / ton to 8450 yuan / ton.

The focus of domestic isopropanol market this week is down. Affected by the epidemic, the logistics and transportation are not very smooth and the transaction is poor. The domestic isopropanol market is light, traders are more wait-and-see, and some manufacturers do not make external quotations, mainly for early orders. The confidence of cargo holders is insufficient and the price drops. Up to now, most of the quotations of isopropanol in Shandong are about 7000-7200 yuan / ton; Most of the quotation range of Jiangsu isopropanol is about 7350-7400 yuan / ton. Internationally, isopropanol in the United States closed stable on April 12, while isopropanol in Europe closed down.

From the perspective of business community, the domestic acetone market continues to operate in a weak and volatile manner, and the market fundamentals are still weak. Although the crude oil price and cost support are strong, the cargo holders have little intention to lower the price, the supply side is relatively sufficient, and it is difficult to release the demand side. The acetone market operates in a volatile manner this week.

According to the data monitored by the business agency, the domestic carbon black quotation was 10000 yuan / ton on April 15. Prices continued to run high this week.

In terms of raw materials, the current domestic high-temperature coal tar price continues to fluctuate at a high level. The market is affected by factors such as logistics and transportation, supply of coke enterprises and commencement load of deep processing, and regional supply and demand is unbalanced. Under the dual pressure of carbon black and raw coal tar transportation, the comprehensive cost of carbon black enterprises continues to rise and the price remains high.

On the demand side, the domestic market demand of the downstream tire market this week was flat. In the past March, the average operating load of all steel tires of tire enterprises in Shandong was estimated to be 58.55%, 34.21 percentage points higher than that of the previous month. The start-up of tire enterprises increased significantly, which stimulated the growth of carbon black demand.

On the whole, the overall operating load of the domestic carbon black industry continues to be low, superimposed with factors such as the difficulty of carbon black outward transportation, the maintenance of mainstream carbon black manufacturers and the increase of export orders. At present, the order delivery cycle of carbon black enterprises has been greatly extended.

It is comprehensively estimated that the carbon black market price may have room to fall from a high level, but there is still a certain bottom support for the carbon black price under the operation of high cost.