The downstream demand is poor, and the downstream products continue to fall. The demand for bisphenol A is very small, and some markets have fallen to 12700-12900 yuan / ton. At present, the whole industrial chain is not good, and the terminal support is difficult. The demand is poor. The low-end offer address in East China is 12650 yuan / ton, down nearly 300 yuan / ton within the day. The short-term future is not clear.

region ., Quotation, Intraday rise and fall

East China, 12700., – three hundred

Shandong region, twelve thousand seven hundred and fifty .,- three hundred

At present, the upstream and downstream of the bisphenol a industrial chain are weakening as a whole, and the profits of the whole industry are shrinking again and again. In addition, the continuous downward movement of the raw material end is difficult to be supported, and the downstream benefits are difficult to be realized. The peripheral environment is also in a depressed state. The business community expects a short-term weak adjustment.

On the 28th, the domestic NMP market price fell. The average price of the electronic grade market was 33000 yuan / ton, down 2.22% from the previous day and 9.26% from the 30th day. Recently, the market has been dominated by bad conditions, the cost support is weak, the downstream procurement follows up slowly, and the NMP price is weak.

Upstream BDO: the BDO market is weak. The market news is light, and the operators continue to enter the market to wait and see, and the actual single transaction is cold. The quotation in the trade market is cautious, and the downstream sporadic small orders follow up, and the market focus is weak.

NMP analysts of the business community believe that the cost side supports further negative, pay close attention to the changes in raw material prices, and predict that the NMP market will be weak in the near future.

According to the data monitored by the business agency, at the beginning of the month, the quotation of Shanxi industrial grade first-class potassium nitrate was 7587.50 yuan / ton, and at the end of the month, the quotation of Shanxi industrial grade first-class potassium nitrate was 7637.50 yuan / ton, an increase of 0.66%, and the current price increased by 50.34% year-on-year.

potassium nitrate

In June, the domestic potassium nitrate Market showed an upward trend. From the above figure, it can be seen that the potassium nitrate Market has continued to rise since 2022. The market rose slightly at the beginning of this month and was basically stable at the end of this month. This is mainly because the market is in short supply, the supply exceeds the demand, the traders are reluctant to sell the goods, the potassium nitrate manufacturers arrange the orders and ship the goods, and the potassium nitrate Market is strong and rising. According to the statistics of the business agency, the recent quotation of the mainstream domestic potassium nitrate manufacturers is 7450-7900 yuan / ton (the quotation is only for reference), and the quotation varies according to different procurement conditions.

The overall trend of potassium chloride Market in June was dominated by narrow range fluctuation. The price of potassium chloride in Salt Lake and zangge is adjusted at a high level, but the market supply is still limited, and the supply is relatively tight. The downstream market of potassium chloride rose slightly, the downstream demand was good, and it was just needed to purchase. The international potash price is adjusted at a high level, and the domestic potash is still likely to rise.

At the end of the month, the market trend of potassium chloride continued to be weak. The imported potassium port was supplemented by a small amount of new goods, and the cost support was general. It is expected that the price of potassium nitrate will mainly rise in the short term, and the long-term market still needs to wait and see. (the above prices are provided by the main potassium nitrate manufacturers all over the country and sorted out and analyzed by the potassium carbonate analyst of the business society. They are for reference only. Please contact the relevant manufacturers for more price details).

The weekly price of ethylene oxide was slightly increased by 200 yuan / ton. At present, the national unified ex factory price is 7550 yuan / ton.

In the upstream, crude oil futures fell sharply, Asian light distillate spot prices fluctuated, naphtha prices rebounded, and Asian ethylene prices fell. At present, the cost performance of imported ethylene is better than that of domestic ethylene. The latest price of ethylene in Northeast Asia is 980 US dollars / ton, that in Southeast Asia is 1100 US dollars / ton, that of Jinshan Lianmao ethylene today is 8100 yuan / ton, which is the same as that of the previous trading day, and that of Luxi Chemical ethylene today is 8050 yuan / ton, which is 200 yuan / ton lower than that of the previous trading day. As of the closing on June 23, the spot price difference between ethylene and naphtha in Northeast Asia was $185.5/t, down nearly $23.625/t compared with the previous trading day, far below the break even price difference.

Due to the fire in Shanghai Petrochemical, the price of ethylene oxide rose sharply during the week. At present, the ex factory price has been raised to the profit and loss line. In the same period, the price of ethylene glycol, a related product, plunged. The economy of ethylene oxide has been better than that of ethylene glycol. In terms of devices, the Sinopec refining and chemical plant was shut down for maintenance on the 23rd, and the maintenance is expected to last about 15 days. Shanghai Petrochemical stopped unexpectedly, and Shanghai has started a comprehensive inspection because of this. The restart time of the device is unknown. The Far East unit is expected to restart in early July. At present, the supply of ethylene oxide in other regions is normal except for the tightening of the supply in Shanghai and South China.

This correction of ethylene oxide is like a shot in the arm to the downstream market. Affected by the mentality of buying up but not buying down, the goods of ethylene oxide dealers have increased significantly, the mentality of downstream merchants is improving, and the monomer price is slightly corrected. However, in essence, the demand side of the single market is still limited by factors such as summer high temperature and Meiyu weather. There is still uncertainty in the long term and the long term. Market participants are cautious to wait and see. Downstream manufacturers had strong bargaining sentiment and entered the market on bargain hunting.

Forecast: under the long short game, the market rumored that ethylene oxide might increase its expectation in the later period. However, from the current fundamentals, the overall room for ethylene oxide to rise is limited.

According to the data monitored by the business agency, the domestic carbon black quotation was 10100 yuan / ton on June 23.

On the cost side, the domestic high-temperature coal tar has stopped falling recently, and the operating load is low. On the demand side, the domestic carbon black market demand continues to be depressed. The overall start-up of tire enterprises remains low, with low load operation, and the performance is still not improved. The start-up load of all steel is about 55%, while that of semi steel is about 65%. Under the condition that the domestic demand for tires continues to be weak and the export orders drive is limited, the inventory of tire enterprises is high. Under the operating mentality of buying up rather than buying down, downstream users are generally cautious in purchasing.

On the whole, at present, the cost of carbon black in China is falling, the demand for negative factors in the carbon black market is low, and the new single price in the carbon black market is continuously depressed under the condition of adding inventory.

Trade name: sulfur

Latest price (June 22):3863.33 yuan / ton

Key points of analysis: according to the price monitoring of the business club, the average price of sulfur in East China today has been reduced by 0.26% compared with yesterday. The quotation of enterprises has been greatly stable and slightly changed. The quotation of sulfur in some refineries has been slightly reduced by 30 yuan / ton, and the prices of other refineries have been temporarily stable. The domestic sulfur quotation is on the high side, and there is resistance in the downstream. Some operators buy sulfur at a low price when entering the market. The pressure of high price sulfur increases. In addition, the downstream sulfuric acid market is weak and the demand is limited. In order to maintain the pace of shipment, the domestic refineries reduce the quotation, and the overall market atmosphere is mainly stalemate and wait-and-see.

Future forecast: the short-term sulfur market will wait and see the consolidation and operation, and the price may be lowered. Pay attention to the downstream follow-up.

According to the data in the bulk list of the business community, as of June 21, 2022, the domestic market price of diethylene glycol was 5200 yuan / ton, which was basically the same as that on June 14, 2022. Compared with June 1 (the reference price of diethylene glycol was 5096 yuan / ton), the price increased by 104 yuan / ton, or 2.03%.

It can be seen from the data monitoring of the business community that recently (6.13-6.21), the diethylene glycol market has been stable after the overall rise. At the beginning of last week (13th and 14th), the diethylene glycol market rose slightly, and the diethylene glycol market price increased by about 50-100 yuan / ton. Subsequently, the diethylene glycol market as a whole maintained a high-level consolidation operation. At the beginning of this week (the 20th and 21st days), the diethylene glycol market as a whole continued to consolidate and operate steadily. The narrow decline of downstream operating rate gave general support to the demand for diethylene glycol, and the narrow rise of international crude oil gave some support to the market. However, in the past two days, the overall shipment of the port was general, and the overall inventory of diethylene glycol increased after the centralized unloading at the port. At present, as of the 21st, the market price of diethylene glycol is around 5200-5400 yuan / ton.

At present, there is a strong wait-and-see mood in the downstream of diethylene glycol. The inventory of the two warehouses is 65000 tons. The diethylene glycol data division of the business society believes that in the short term, the diethylene glycol market is stable and small, mainly operates in a narrow range, and the significant changes in the market are limited. More attention should be paid to the news changes on the cost side and the demand side.

1、 Price summary on June 17:

Shijiazhuang Refining & Chemical Co., Ltd. offered 8800 yuan / ton, and Qilu Petrochemical Co., Ltd. offered 8700 yuan / ton,

Yangba offers 9150 yuan / ton,

Guangzhou Petrochemical offers 9050 yuan / ton, Maoming Petrochemical offers 9000 yuan / ton,

Changling Refining & Chemical Co., Ltd. offers 9200 yuan / ton,

2、 Fluctuation trend:

 
3、 Analysis and comments:

In terms of crude oil, European and American countries announced interest rate hikes, which intensified the market’s concern about economic slowdown. In addition, Russia hinted that it would increase oil exports, and the high oil price fell back.

Sinopec East China toluene cut 350 yuan / ton today.

Crude oil fell sharply last Friday, superimposed on the decline of toluene in the external market and the lack of external information, superimposed on the weakening of downstream gasoline prices and the increase of low-end negotiations on toluene.

According to the monitoring data of the business community, the acrylonitrile market continued to be weak this week (6.10-6.17). As of June 17, the acrylonitrile price was 11080 yuan / ton, down 1.42% from 11240 yuan / ton on June 10. The supply side of the domestic acrylonitrile industry is still in a loose state, the market transaction is deadlocked, and traders sell their stocks at low prices. As of June 17, the acrylonitrile market offer in East China was between 10700 and 11600 yuan / ton.

This week (6.10-6.17), the price of raw propylene fluctuated slightly, and the cost support was weak. According to the monitoring of business agency, as of June 17, the domestic propylene price was 7958 yuan / ton, up 0.35% from 7930 yuan / ton on June 10; The low point of this week is 7890 yuan / ton.

This week (6.10-6.17), the start-up of devices in the downstream ABS industry remained at a high level of 80-90%, stable compared with the previous period; The acrylic fiber industry is mainly stable, and the acrylamide industry starts in 60-70%. The demand for acrylonitrile is stable, while the supply of acrylonitrile continues to be under pressure.

Future forecast: the acrylonitrile analysts of business club believe that the current supply pressure restricts the action force of acrylonitrile, and it is difficult to change in the short term. It is expected that the acrylonitrile price will continue to fluctuate at a low level in the later period.

Price trend

According to the bulk list data of the business club, the domestic POM market has been sideways sorted out recently, and the spot prices of some brands have been reduced by a narrow margin. As of June 16, the ex factory price reference offer of POM injection molding sample enterprises of business club was about 21400 yuan / ton, up or down +0.47% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: in terms of upstream formaldehyde, the formaldehyde Market in Shandong rose this week. At present, the downstream demand is at a low level, maintaining just needed procurement, and the market transaction is light. Raw methanol rose first and then fell in the week, and the cost side support for formaldehyde was weakened. It is expected that the price of formaldehyde will be mainly adjusted and operated in the near future.

The upstream formaldehyde market rose slightly, and the cost side support of POM has not been greatly affected for the time being. In terms of industry load, POM enterprises currently have both recent maintenance plans and resumption of production, and the on-site supply is expected to decrease next week. The operating rate of terminal enterprises has entered the off-season mode. Generally, due to profit or order problems, the operating rate has gradually narrowed. The purchasing operation is cautious and mainly takes small orders. However, the operation biased towards bargain hunting has reduced the low-end offer in the market and lifted the spot price. The on-site inventory is OK, but the consumption is slow. The mentality of the merchants is general, and the offer is mainly horizontal.

Aftermarket forecast

Analysts of the business agency believe that: this week, the domestic POM market was sideways, the upstream formaldehyde market rose slightly, and the POM cost support was acceptable. The load of POM industry fluctuates in a narrow range, and the pressure at the supply end is expected to decrease. The consumption of downstream enterprises is weak, and there is no large-scale replenishment in procurement. It is expected that in the short term, POM prices may be dominated by stalemate.