Product Name: Acetone

Market Price (East China May 22): 3100 Yuan/ton

Analysis point: Domestic acetone market offer slightly improved, but the actual deal has not been significantly improved. Into late May, the domestic contract has no shipping pressure, the shipper’s low price shipping intention is not strong, downstream terminal factory just need to follow up, the real plate transaction volume small single to carry out, as of the current East China market mainstream negotiation range in 3100-3150 yuan/ton, Yanshan peripheral market mainstream negotiation price in 3050-3100 yuan/ton, South China market negotiation range in 3150-3200 yuan/ton, high-end mostly for the offer. The business community expects the acetone market to consolidate the transition. The East China market is expected to negotiate the price in the vicinity of 3050 yuan/ton, Yanshan peripheral market mainstream negotiation price in 3050-3100 yuan/ton.

First, the price trend Last week, the overall price of toluene in China was in a small range of concussion finishing, according to business’s bulk list data.

Early Zhou Enterprise average price is weekly high price, 5250 yuan/ton, midweek enterprise average price is weekly low price, 5213 yuan/ton, weekly amplitude of about 0.7%.

Ii. Analysis and review 1, crude oil: Sino-US trade talks bearish, the market waiting for OPEC and the alliance to cut production this weekend to discuss the relaxation of production cuts, coupled with a slight easing of tensions in the Middle East, international oil prices fell slightly in Friday.

The crude oil market is expected to remain volatile in the short term. 2, FOB South Korea toluene Reference price is also affected by crude oil, price shock mainly. Sinopec’s branch, some areas of toluene listed prices reduced.

Port inventory dropped slightly, east China in about 60,000 tons. 3, from the beginning of the Thursday, toluene market has recovered, the price rebound. But the current market news is complex, some operators still hold the wait-and-see sentiment, continue to wait for the fundamentals of more information guidance, short-term toluene prices still maintain a volatile trend.

Price Trend

The domestic market of cyclohexanone continued to decline this week. According to the monitoring data of business associations, the average price of domestic producers of cyclohexanone was 10066 yuan/ton at the beginning of the week, and 9000 yuan/ton at the end of the week. The price fell by 10.60% in the week, which was 25.00% lower than that of the same period last year.

II. Market Analysis

Product: Cyclohexanone market continued to fall this week, pure benzene market was consolidated horizontally, cost support was relatively stable. Shandong Haili Power Plant began to be officially exported this week, and the spot supply of cyclohexanone increased. In the past week, Sinopec’s caprolactam has been listed for two consecutive downgrades. The market price of caprolactam has fallen sharply, the market mentality is pessimistic, the chemical fiber plant has more overhauls, and Shenyuan has not yet restarted. The overall demand for cyclohexanone in the chemical fiber market has not increased, the contradiction between supply and demand has gradually become prominent, the purchasing mood of the chemical fiber and solvent market is not good, the shipments of manufacturers and traders have been blocked many times. Reduce the ex-factory price, traders follow the market, the market trading atmosphere is colder.

Industry chain: raw materials, pure benzene, this week the price consolidation of pure benzene in East China, East China mainstream talks in 4450-4550 yuan/ton, Shandong mainstream talks in 4200-4350 yuan/ton. At the beginning of the week, due to trade tensions, the East China market was more cautious and spot purchases fell to 4400 yuan/ton. Caprolactam: This week, the domestic liquid spot market of caprolactam fell sharply. Demand continues to be short, downstream PA6 chip market has entered a downward trend since April. Inventory of PA6 aggregation plant continues to be high, and aggregation link is losing money. Therefore, the start-up load of PA6 aggregation plant has fallen a lot. In May, terminal demand continued to slump, PA6 polymerization began to decline, especially in some factories where raw materials were extracted from the outside world, the demand for caprolactam decreased to less than 50%. In addition, this week some caprolactam factories restarted discharging, caprolactam supply increased, manufacturers increased inventory pressure, prices fell sharply.

3. Future Market Forecast

Short-term cyclohexanone plant except Jiangsu Haili, parking overhaul has basically been normal driving, if not unintentionally, the spot export volume may remain relatively stable. From the cost point of view, the pure benzene market is consolidated horizontally, and the cost support is relatively stable. On the demand side, Nanjing Dongfang has no plan to restart in the short term. The Yongrong cyclohexanone plant starts normally and basically meets the demand for caprolactam. In the short term, Shenyuan has no purchase plan for cyclohexanone. Next week, the demand is basically stable. Overall, cyclohexanone may still be in a supply-over-demand pattern. Cyclohexanone analysts expect the cyclohexanone market to continue to weaken next week.

Price Trend

According to the data of business associations, the overall price of xylene in China has fallen recently.

II. Analytical Review

1. Crude oil: Saudi oil pipeline was attacked, OPEC cut production significantly in April. Yesterday, international oil prices rebounded, and the global stock market rose, which also boosted the atmosphere of the oil market;

2. Outside: Yesterday (as of 16:00 Beijing time on May 14), the reference price of isomeric mixed xylene in the Korean market was about 699 US dollars/ton, down 17 US dollars/ton from the previous trading day.

3. Comment: At present, the market information is complex, the trading atmosphere is wait-and-see, the negotiations are not good, and the supply and demand are at a standstill stage. Although the supply side of Shandong market has some favorable support, the demand side has not improved. Xylene market prices continue to decline, and it is expected that it will be difficult to break through in the short term.

On May 12, the hydrofluoric acid commodity index was 98.09, unchanged from yesterday, down 30.15% from the peak of 140.43 points in the cycle (2018-02-21), and up 83.04% from the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the domestic hydrofluoric acid market price trend was temporarily stable on the 13th. Up to now, the domestic hydrofluoric acid market price is 10 820 yuan/ton, and the domestic hydrofluoric acid start-up rate is less than 60%. Enterprises reflect the current shortage of hydrofluoric acid spot supply, and the recent market situation is general. Due to the high raw material fluorite, some hydrofluoric acid manufacturers limit production and guarantee prices, the market price trend of hydrofluoric acid is small. Rise. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 10500-11000 yuan/ton, while the price of hydrofluoric acid in the northern market is about 10500-11000 yuan/ton. Domestic hydrofluoric acid market prices increased, spot supply decreased slightly, but demand was not actually good, the price trend of hydrofluoric acid market is temporarily stable.

Recent downstream refrigerant products start at a low level, the upstream fluorite and hydrofluoric acid demand is general, the recent downstream refrigerant trading market is general, hydrofluoric acid product price shocks. Recent downstream refrigerant market transactions are cool, R22 refrigerant plant surface starts at 60%, R22 market device start-up rate is temporarily stable, the main production enterprise bulk water factory offer price is between 18,000-18,800 yuan/ton, but the production enterprise does not have bulk water spot, mainly a small number of cylinders shipment. In addition, the actual demand side of the market has not changed much, and the delivery market has increased. The domestic market price trend of R134a is not good, the start-up rate of production enterprises remains low, the refrigerant market demand is general, and the manufacturers mainly export their products. However, the on-site transaction price does not change much. Businessmen buy on demand. Recently, due to the poor condition of goods, the price trend of hydrofluoric acid market is shaking.

Refrigerant on-site transactions are general, refrigerant industry equipment start-up rate remains low, for upstream hydrofluoric acid market demand is normal, but the spot supply of hydrofluoric acid has decreased, Business Analyst Chen Ling believes that the hydrofluoric acid market may remain volatile.

First, the price data:

According to the business community’s large list of monitoring data, this week, the domestic bromine market stable operation, the industry as a whole started normal, the average price of bromine in the week remained at about 35000 yuan/ton, up 28.35% from the same period last year.

Ii. Analysis of Causes Products: This week, the domestic bromine market started high, spot supply abundant, enterprise shipping smooth, downstream market demand is stable, the industry’s overall supply and demand balance. In part of the start of enterprises, Rudong Yue Fine chemical Nissan about 5 tons, Shandong Sea Nissan 15 tons or so, Shandong Hai Wang chemical Nissan 20 tons or so, Tianjin haijing Nissan 15 tons or so.

At present, the mainstream quotation of enterprises in 35000 yuan/ton, the actual transaction price to the enterprise negotiations prevail. Industrial chain: This week, the bromine upstream industry mixed up: sulfur market in the middle of a small decline of 0.66%, the current price of 1010 yuan/ton, caustic soda market in the week slightly higher 1.4%, the current offer of 723 yuan/ton, soda Market Week stable operation, the current price of 1983 yuan/ton around The price of sulfuric acid fell sharply by 21.48% in the week, and is currently quoted at around 265 yuan/ton.

At present, bromine downstream flame retardant industry just need to stabilize, the bromine price support is stable, some pharmaceutical agricultural intermediates and other industries Chemical Park closed, the bromine market has a certain negative impact.

Third, the forecast of the aftermarket Business Society bromine industry analysts believe that the current domestic bromine market enterprises generally normal production, shipping smooth, downstream user demand is stable, the market presents a balance between supply and demand, by environmental security and other factors, the market or will appear oversupply situation, it is expected that the future period of bromine prices will be stable operation.

The domestic potassium chloride market as a whole presents a weak and stable situation, the overall price of change is not big. The supply of border trade is relatively plentiful, traders quoted strong, but the actual transaction fell slightly.

Northeast market downstream production procurement closing, North China, east China, Huazhong is also the end, the overall performance of the port supply surface is more relaxed, the new single transaction price steadily weaker. At present, Salt Lake Group issued the latest May prices, the official offer remains unchanged, the benchmark product 60% Crystal Latest station offer in 2350 yuan/ton, but the completion of the task rebate discount than the previous month reduced by 20 yuan/ton. Port 62% White Potassium quote 2350-2380 yuan/ton, 60% white potassium quote 2320-2360 yuan/ton, red powder 2180-2200 yuan/ton, large particles quoted 2370-2400 yuan/ton, transactions are negotiated. Border trade 62% white potassium port Price in 2080 yuan/ton, the actual still has a certain preferential space.

On April 28, the ammonium nitrate commodity index was 107.02, which was the same as yesterday. It was 9.63% lower than the cycle peak of 118.42 points (2019-01-15), and 38.32% higher than the lowest point of 77.37 on October 31, 2016. (Note: Period refers to 2013-02-01 to date)

Recently, the price trend of domestic ammonium nitrate Market has maintained a low level. Affected by environmental protection control, domestic ammonium nitrate plants shut down more, and domestic ammonium nitrate plants started less. However, with the warming of the weather recently, the influence of northern air limitation disappeared. In addition, due to the complete shutdown of domestic downstream civil explosion industry, domestic ammonium nitrate manufacturers have more stockpiles and the price trend in the field has declined. As of the 29th, domestic ammonium nitrate market price negotiations in 1900-2100 yuan/ton, affected by environmental protection, so now many manufacturers in many areas are forced to limit production or stop production and maintenance to accept environmental protection inspection, the price trend of ammonium nitrate on the site is weak.

Recently, the domestic nitric acid price trend is temporarily stable, the market price is 1576.67 yuan/ton on the 29th day. The stable trend of nitric acid price has little influence on the ammonium nitrate market, and the price trend of ammonium nitrate is stable. The price trend of upstream raw material liquid ammonia is oscillating, and the market price of liquid ammonia is 3460 yuan/ton on the 29th day. The fluctuation of upstream raw material price brings certain cost support to the ammonium nitrate market. Market price trend is temporarily stable. At the end of the peak season of the downstream civil explosion industry recently, the demand for ammonium nitrate has weakened and the stocks of ammonium nitrate manufacturers have increased, but the liquid ammonia market is on the rise again, and the ammonium nitrate Market is shaking at a low level due to the bad market. Ammonium nitrate analysts believe that the recent upstream raw material market price shocks, but the downstream demand is not good, ammonium nitrate market prices are expected to maintain shocks in the later period.

On April 27, the hydrofluoric acid commodity index was 95.74, unchanged from yesterday, down 31.82% from the peak of 140.43 points in the cycle (2018-02-21), and up 78.65% from the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the domestic hydrofluoric acid market price trend was temporarily stable on the 28th. Up to now, the domestic hydrofluoric acid market price is 10550 yuan/ton, and the domestic hydrofluoric acid start-up rate is less than 60%. Enterprises reflect that the supply of hydrofluoric acid on the spot has declined at present. Recently, the market situation of hydrofluoric acid is general. Due to the high raw material fluorite, some hydrofluoric acid manufacturers limit production and guarantee prices, the market price trend of hydrofluoric acid is temporary. Steady. 当前南方地区氢氟酸商谈主流为10000-10500元/吨左右，北方市场氢氟酸价格在10500-11000元/吨。 Domestic hydrofluoric acid market price trend is temporarily stable, spot supply is slightly reduced, but demand is not actually good, hydrofluoric acid market price is stable.

Recent downstream refrigerant product installations started at a low level, the upstream fluorite and hydrofluoric acid demand is general, the recent downstream refrigerant trading market is general, the price of hydrofluoric acid products shocks. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 60%, R22 market facility start-up rate is temporarily stable, the main manufacturer of bulk water factory offer price is between 18,000-18,800 yuan/ton, but the manufacturer does not have bulk water spot, mainly a small number of cylinders shipped. In addition, the actual demand side of the market has not changed much, and the delivery market has increased. The domestic market price trend of R134a is not good, the start-up rate of production enterprises remains low, the refrigerant market demand is general, and the manufacturers mainly export their products. However, the on-site transaction price does not change much. Businessmen buy on demand. Recently, due to the poor condition of goods, the price trend of hydrofluoric acid market is shaking.

Refrigerant on-site transactions are general, refrigerant industry equipment start-up rate remains low, for upstream hydrofluoric acid market demand is normal, but the spot supply of hydrofluoric acid has decreased, Business Analyst Chen Ling believes that the hydrofluoric acid market may rise slightly.

Price Trend

According to the monitoring data of business associations, as of April 24, many manufacturers suspended their quotations, and the domestic market for cyclohexanone was weakly adjusted.

II. Market Analysis

Products: Cyclohexanone market stability adjustment, Shandong Haili export of cyclohexanone plant shutdown, Luxi plant has not yet restarted, the spot supply of cyclohexanone is tight, downstream chemical fiber parking more, the demand for cyclohexanone is reduced, general market inquiries, solvent market more just need to purchase, market low-price supply, high-price goods reduced, real orders rare. The mainstream offer of cyclohexanone in North China market is delivered in cash at 10600-10700, the mainstream offer in East China market is delivered in cash at 10900-11100, and the mainstream offer in South China market is delivered in cash at 1120-11400.

Industry Chain: Pure Benzene: East China Pure Benzene prices remain stable and consolidated, and there is still a big gap between buying and selling. Purchase price in April is 4440-4530 yuan/ton and sale price is 4500-4600 yuan/ton. May buy 4500-4550 yuan/ton, sell 4550-4650 yuan/ton. In June, we bought 4500-4550 yuan/ton and sold 4600-4680 yuan/ton. Caprolactam: Caprolactam liquid spot market rose slightly. Due to the large number of caprolactam parking devices, the supply of caprolactam is on the tight side. Some factories in the north have reduced their spot sales and increased their prices. Prudent purchasing in downstream polycondensation factories was the main reason, and the load of some factories was lowered, and the consumption of raw materials decreased accordingly.

3. Future Market Forecast

Cost support is relatively stable, the price of cyclohexanone is high, manufacturers are not many spot, downstream chemical fiber factories parking more, the demand for cyclohexanone may be reduced. Cyclohexanone analysts, business associations, predict that short-term cyclohexanone market stabilization is the main adjustment.