In May, the domestic dimethyl ether market continued its rise in April and continued to be the main market. After the May Day holiday, the market of dimethyl ether in Henan Province is getting better and the center of gravity is moving up. According to the data monitoring of business news agency, the average price of dimethyl ether in Henan market was 3185.00 yuan / ton on May 6 and 3727.50 yuan / ton on May 13, with an increase of 7.73% and 17.03% compared with April 1. As of May 13, the domestic market prices of dimethyl ether are as follows:

region Specifications date offer

Shandong Province Mass fraction of dimethyl ether: ≥ 99.0% May 13th 3900 yuan / ton

Jiangxi Province Mass fraction of dimethyl ether: ≥ 99.0% May 13th 3750 yuan / ton

Henan Province Mass fraction of dimethyl ether: ≥ 99.0% May 13th 3780-3850 yuan / ton

After the May Day holiday, the price of dimethyl ether in the domestic market continued to rise and could not stop. Taking Henan xinlianxin as an example, the ex factory quotation of Henan xinlianxin dimethyl ether was 3450 yuan / ton on May 6, and 3830 yuan / ton on May 14. The price was increased every day, with an overall increase of 380 yuan / ton. Other manufacturers have also increased mainly, dimethyl ether quotation center up.

region enterprise Production capacity (10000 tons / year) Device condition

Henan Province LAN Kao Huitong ten Maintenance on May 7, restart time not determined

Henan Province Yima Kaixiang twenty Maintenance on May 10, restart time not determined

Henan Province Qinyang Shengxin ten It was overhauled on March 5, but the restart time was not determined

Looking at the reasons for this rise, there are mainly the following points. The most obvious one is the raw material methanol market. The recent rise in coal prices has led to a sharp rise in methanol. Methanol futures and spot go up hand in hand, bringing obvious benefits to the dimethyl ether Market. The second is the market supply. At present, most manufacturers are in the state of maintenance, and the market supply is reduced, which brings some support to the dimethyl ether Market. Finally, in terms of demand, after the festival, there is a certain demand for replenishment in the downstream, which mainly focuses on replenishment in the market, and the market is more favorable. Under the mentality of buying up but not buying down in the downstream, it is more active to enter the market, the market supply exceeds demand, and the price rises continuously.

In the cost methanol market, the strong coal market on the cost side strongly drives the expectation of methanol futures market. At the same time, the macro side is good, and the methanol futures market is still bullish for a short time under the background of product fundamental preference. At the same time, the methanol spot market is rising slowly. According to the monitoring of the business agency, as of May 12, the average price of domestic methanol manufacturers in Shandong was 2625 yuan / ton, with a month on month rise of 11.68% and a year-on-year rise of 23.32%. In terms of methanol spot market, the new prices of production enterprises in the main production areas of Northwest China were significantly increased to drive the market, while the production enterprises in the inland areas were gradually rising. At present, the social inventory of methanol market is fair, and the price of downstream products is up and down. Most enterprises purchase on demand.

At present, the raw material methanol market is still rising, which brings obvious benefits to the market. However, the trend of the civil LPG market is relatively weak, with a partial downward trend, which has a certain constraint on the rise of dimethyl ether. In the later stage, as the weather heats up, the downstream demand is expected to weaken, bringing bad news to the market. In the short term, the market supply is low, the manufacturers’ inventory is on the low side, and the market price of dimethyl ether is mainly firm, which is expected to reach the 4000 yuan / ton mark. But in the long run, the dimethyl ether Market is likely to fall.

1、 Price trend

According to the monitoring of bulk data of business agency, the domestic mainstream styrene prices fell after rising this week. The price of sample enterprises of business agency was 10000.00 yuan / ton last Friday (May 7), and the price of sample enterprises on Tuesday (May 11) was 10300.00 yuan / ton, up 3.0%, and the price of sample enterprises on Friday (May 14) was 10150.00 yuan / ton, which fell back, up 1.5% compared with the previous Friday. By Friday, sample companies were up 95.19 percent from the same period last year.

2、 Market analysis

Product: styrene market price rose first and then fell this week. On May 7, Shandong styrene closed near 10000-10100 yuan / ton, and around 10500-10600 yuan / ton on May 11, up 500 yuan / ton. On May 14, 10300-10350 yuan / ton fell 200 yuan / ton. Styrene in the cost support and tight spot supply driven, spot maintain strong.

On the raw materials side, crude oil fell after a big rise in the week, and the overall price rose to a high in the year. On the basic level, oil prices still have strong support. From the data of US commercial crude oil inventory last week, crude oil inventories continued to decrease, US exports also declined, China’s data also showed a bright performance, and oil import also showed a growth momentum, indicating that the recovery process of major economies in the world was accelerated. It is expected that the short-term oil price will intensify the shock, and the medium and long-term oil price will still have a positive momentum.

In terms of pure benzene, the price of pure benzene increased, affected by the centralized maintenance of the pure benzene plant and the new demand in the downstream. The supply of domestic pure benzene was short. The price of the site was spared for sale, and the market and Sinopec listed prices continued to rise, supporting the styrene price. As of Friday (May 14), the main flow price of pure benzene was 8230.00 yuan / ton, which was higher than 7600.00 yuan / ton on Friday (May 7), up 630 yuan / ton, The increase was 7.44 per cent.

In the aspect of ethylene, the external price of ethylene this week rose and stabilized. As of Friday (May 14), the mainstream quotation of ethylene was 1198.75 yuan / ton, up 42.75 yuan / ton, or 3.7% compared with 1156.00 yuan / ton on Friday (May 7). Earlier this week, prices in Japan rose sharply as a result of the drop in load or planned overhaul of multiple cracking units in Japan and South Korea, and the supply of goods was supported by a decrease in supply. But the demand of polyethylene and glycol in the downstream is general, which is slightly inconsistent with high price raw materials, which restricts the price rise of ethylene and stabilizes after the price rises.

In terms of inventory, as of May 10, the styrene port inventory of East China main port was 66300 tons, up 13000 tons on a month basis; There are 35800 tons of commodity inventory, 57 million tons on month basis, and port inventory is still low. Before May 20, 15000 tons of ships were sent to East China wharf of styrene, and the terminal will continue to go to the warehouse in the next two weeks. In terms of domestic production, the average start of the week was 83.97%, down 4.26% compared with last week, and the overall commencement was reduced, including parking of Ningbo Keyuan, Anhui Haoyuan and Baling Petrochemical. In terms of the new capacity, the 360000 tons / year plant in Daxie, Ningbo, is planned to produce on May 14; At present, the load of the 450000 T / a unit of Huatai Shengfu is 70%, and the load is slowly raised; The ethylbenzene of Hongrun 120000 T / a plant of Sinochem has passed the standard, and styrene will be produced in the period. The domestic supply has increased slightly, but the overall supply is tight.

Downstream, the downstream price of styrene rose steadily this week, but the trading atmosphere was general. In the PS market, the main ex factory quotation of East China PS as of Friday (May 14) was 10733.33 yuan / ton, up 266.66 yuan / ton, representing a 2.55% increase compared with 10466.67 yuan / ton on Friday (May 7). This week, the PS industry operating rate remained stable and the deal was weak.

EPS market, after the overall increase of this week, EPS market stabilized. As of Friday (May 14), the main ex factory quotation of EPS in East China was 11475.00 yuan / ton, up 375 yuan / ton, up 3.38% compared with 11100.00 yuan / ton on Friday (May 7). EPS start rate increased this week, parking device resumed normal production in the early stage, with small market transaction orders as the main part, and the overall market delivery and investment performance was general.

In the ABS market, the main ex factory quotation of ABS Zhejiang as of Friday (May 14) was 18650.00 yuan / ton, up 200 yuan / ton, or 1.08% compared with 18450.00 yuan / ton on Friday (May 7). This week, the domestic ABS operating rate has declined slightly, the end-users maintain high cost pressure, and the purchase operation is just needed. The overall transaction is general.

3、 Future outlook

At the cost end, crude oil is relatively strong, the spot tension pattern of pure benzene is unchanged, the price is high, the decline is slow, and the cost support is still strong. Some styrene repair plants will resume production next week, and domestic production supply of styrene will increase. However, there is still a forecast of stock decline in port next week. Styrene inventory is still low and spot circulation is still tight. Therefore, styrene will still be in a strong shock in the short term driven by the cost support and tight spot supply.

According to the data of the commodity list of the business society, the formaldehyde Market in Shandong has risen recently. On May 11, the average price of formaldehyde in Shandong was 1370.00 yuan / ton, and on May 12, the average price of formaldehyde in Shandong was 1400.00 yuan / ton, up 2.19%. The current price has increased by 5.00% month on month and 59.09% year on year.

As of May 12, the mainstream market price of formaldehyde in Central China was about 1320 yuan / ton, that in North China was 1205 yuan / ton, that in Northwest China was 1350 yuan / ton, and that in East China was 1363 yuan / ton. Recently, the formaldehyde Market Trading atmosphere is good, the transaction is positive, and the formaldehyde market is on the rise.

Upstream methanol situation: methanol market is mainly rising, and the negotiated price of methanol market in southern Shandong is up 30-50 yuan / ton to 2620-2650 yuan / ton, with cash withdrawal from the factory. Linyi receives the local goods to negotiate the price to 2610-2620 yuan / ton and deliver them to the spot exchange, while the logistics goods offer the price to 2570-2580 yuan / ton and deliver them to the spot exchange. Shandong methanol Lubei market turnover is about 2530-2550 yuan / ton, sent to cash. The turnover of methanol market in Shandong Luzhong region is generally stable at 2520-2540 yuan / ton, delivered to spot exchange, with general turnover and slight fluctuation of mood. Methanol market continues to rise, forming a strong support for formaldehyde.

At present, the raw materials of the downstream plate field are generally rising, which makes them have no resistance to the rising of formaldehyde Market for the time being. The formaldehyde manufacturers are forced by the cost pressure to keep up with the rising, the manufacturers ship smoothly, and there is no inventory pressure, so the formaldehyde Market is rising.

Recently, the upstream raw material methanol market is on the rise, and the downstream plate factories are willing to accept the goods. Therefore, the formaldehyde analysts from the chemical branch of business society expect that the price of formaldehyde in Shandong will mainly rise in the near future.

International oil prices rose, but the severe epidemic situation in India restrained the rise, and the price rise of asphalt market was average. According to the monitoring data of the business agency, as of May 10, the average spot price of domestic asphalt was 3206 yuan / ton, with a month on month increase of 2.78% and a year-on-year increase of 45.59%. Today, the domestic asphalt futures price opened down 4 yuan / ton, the downstream demand of asphalt is still weak, and the domestic asphalt spot market still maintains consolidation shock in the short term.

International oil prices rose, but the severe epidemic situation in India restrained the rise, and the price rise of asphalt market was average. At present, the domestic asphalt market is mainly stable as a whole. Affected by the expected price rise, the enthusiasm of downstream goods preparation is acceptable, and there are many inquiries.

In the short run, the shortage of resources in the southern region is expected to drive the spot price of asphalt to rise, but the future rainfall will still have an impact on the actual demand. The supply and demand game, business community asphalt analysts predict that the short-term asphalt market consolidation is the main.

According to the data of business news agency’s block list, the price trend of TDI market decreased slightly this week. The average price of East China market at the weekend was 15666.67 yuan / ton, down 0.63% compared with 15766.67 yuan / ton at the beginning of the week and 6.47% month on month.

This week, the domestic TDI market was weak. The market was mainly on the wait-and-see side. The atmosphere in the market was weak. The enthusiasm of downstream inquiry and buying was not high. The quotations of dealers in East China were firm. The quotations of manufacturers were high and low. The market mentality was short. The market trend was on the wait-and-see side. As of the 30th, the quotation of TDI domestic products in East China market was 14300-14400 yuan / ton, For Shanghai goods, please refer to 14500-14700 yuan / ton.

The price of toluene rose slightly, and the strong trend of crude oil supported the price range fluctuation of toluene spot market in the week. As of the 30th, the domestic average price was 5697 yuan / ton, up 0.46% in the week. The spot supply of toluene market was sufficient, but the downstream demand was weak, and the market was mainly on the lookout.

According to TDI data analyst of business society, the domestic TDI market is weak, and there is a strong wait-and-see atmosphere in the market. The downstream inquiry enthusiasm is not high, and the demand is insufficient. It is expected that the TDI market will be frozen in the future, and attention will be paid to the change of supplier information.

1、 Price trend of propylene oxide

(Figure: p-value curve of propylene oxide product source: business community commodity analysis system)

2、 Market analysis

According to the data of the business club’s block list, as of April 29, the average quotation price of propylene oxide enterprises was 18900 yuan / ton, up 0.18% compared with the previous trading day, up 0.53% compared with the beginning of the week, and down 2.58% compared with March 29.

This week, the market of propylene oxide was on the high side. Recently, propylene oxide manufacturers have no pressure to support the market mentality, and the downstream is cautious about high price raw materials. At present, the pace of market trading is slowing down. On the 29th, the mainstream quotation of propylene oxide Market in Shandong is around 18600-18700 yuan / ton, and the mainstream quotation of propylene oxide market in East China is around 18700-18900 yuan / ton.

According to the data monitoring of the business agency, the recent price of propylene oxide of some enterprises is summarized as follows: the quotation of Jinan Mingwei Chemical Co., Ltd. (GB 99.9) is 19600 yuan / ton, the quotation of Dongying yingkai Trading Co., Ltd. (quality grade: superior product) is 18800 yuan / ton, and the quotation of Jinan Mingyu Chemical Co., Ltd. (quality grade: superior product) is 18700 yuan / ton, The actual transaction price of different brands, specifications and products is mainly through negotiation.

As of April 28, the market price of propylene in Shandong Province has declined steadily. According to the price chart of the business association, the price of propylene decreased sharply in the second half of March and rose at the end of the month. At the beginning of April, the market price rose slowly, with an average daily increase of about 50 yuan / ton. From the 6th, the price rose steadily. From the 16th, the price rose steadily at the rate of 50 yuan / ton every day. From the 23rd, the price began to stabilize. On the 26th, the price fell about 50 yuan / ton, and on the 27th and 28th, it fell about 150 yuan / ton every day. At present, the market transaction is between 8150 yuan / ton and 8700 yuan / ton, and the mainstream price is about 8250 yuan / ton.

According to the monitoring data of the business community, as of April 28, the factory price of domestic industrial grade propylene glycol was 18100 yuan / ton, which was the same as that at the beginning of this week; As of April 28, the market center of soft foam polyether in Shandong Province moved upward, the price of raw material propylene oxide was high, the cost was under pressure, some manufacturers’ offers rose, and the procurement of downstream enterprises decreased. On April 28, the mainstream quotation of common soft foam polyether in Shandong Province was around 18200-18400 yuan / ton.

3、 Future forecast

According to the propylene oxide analysts of business news agency, propylene oxide is currently in weak operation, and liquid chlorine is mainly stable, which has limited impact on propylene oxide. Propylene oxide manufacturers have no pressure to support the market, and the downstream new orders perform generally. It is expected that in the short term, the propylene oxide market may be in high-level consolidation and operation, and the specific trend is more, so we still need to pay attention to the market information guidance.

1、 Formic acid price trend

(Figure: p-value curve of formic acid product)

2、 Market analysis

In April, 85% formic acid Market in China went down. According to the data of the business club’s block list, as of April 27, the average quotation price of formic acid enterprises was 2433.33 yuan / ton, down 18.44% compared with the price at the beginning of the month and up 5.80% compared with the same period last year.

In April, 85% of the domestic formic acid market was weak as a whole, and the prices of manufacturers and dealers were reduced to varying degrees. In the first ten days of April, the price of formic acid was lower than that of the previous period. The downstream purchased on demand, and the shippers were active in shipping. In the middle of April, the price of raw materials was weak, and the cost support was insufficient, which dragged the formic acid market downward. In the last ten days, due to the high inventory, the shippers’ mentality was under pressure, and the market continued to decline.

According to the data monitoring of business society, the price of formic acid of enterprises at the end of April was summarized as follows: the quotation of industrial grade 85% formic acid of Zhangzhou San’an Chemical Co., Ltd. was 2300 yuan / ton, and the quotation of industrial grade 85% formic acid of Shandong tamasuk Chemical Co., Ltd. was 2300 yuan / ton; Jinan jinrihe Chemical Co., Ltd. offers industrial grade 85% formic acid at 2300 yuan / ton, Liaocheng transportation group Hongmao Materials Co., Ltd. offers industrial grade 85% formic acid at 2250 yuan / ton, Jintan local industrial supply and Marketing Co., Ltd. offers industrial grade 85% formic acid at 2600 yuan / ton. The spot price of merchants depends on the market. The actual transaction prices of different brands, different specifications and products are mainly negotiated.

For upstream caustic soda, on April 27, the price of caustic soda in Shandong remained weak, and now the mainstream ex factory price of 32% caustic soda is 390-490 yuan / ton. The company’s shipment is tepid, the downstream receiving situation is light and stable, and the wait-and-see atmosphere is strong. It is expected that caustic soda will continue to operate with small fluctuation in the future; The reference price of upstream liquid ammonia was 3890.00 on April 27, which was 1.19% lower than that on April 1 (3936.67); On April 27, the market of sulfuric acid in Shandong Province was temporarily stable. The market of sulfur in the upstream was recently consolidated at a high level, and the cost support was good. However, the purchasing enthusiasm in the downstream was general, the supply of sulfuric acid was normal, and the ex factory price of sulfuric acid rose slightly in the future; The reference price of upstream methanol was 2565.00 on April 27, up 7.89% compared with 2377.50 on April 1.

3、 Future forecast

Business community formic acid analysts believe that at present, 85% of the domestic industrial formic acid market is weak and stable, the support from the cost side is acceptable, the market supply side is abundant, and the procurement of downstream enterprises is just in demand. It is expected that the formic acid market will consolidate in the short term, mainly digest the inventory, and pay more attention to the changes of raw material prices and market information guidance.

1、 Trend analysis

As shown in the figure above, copper prices rose sharply on the 27th, with spot copper price of 72011.67 yuan / ton, up 2.96% from 69940 yuan / ton on the previous trading day, 24.25% from the beginning of the year, and 67.59% from a year earlier. The spot copper price broke through the 70000 mark, reaching a new high in the past decade. Shanghai copper rose 3.01% to close at 72480 yuan / ton. International copper prices also rose 3.18%, closing at 64600 yuan / ton at 3 p.m.

The weakening of the US dollar, the improvement of the global economic outlook, the recovery of demand, the strong demand for goods preparation before the May Day holiday, and the slow rise of stock prices in domestic and foreign exchanges have all contributed to the revival of copper prices. In addition, Chile, which accounts for a quarter of the world’s copper supply, was threatened by a strike. Port workers called for a general strike, which intensified concerns about copper supply and led to a sharp rise in copper prices. As of April 25, China’s spot copper processing (TCS) rose $2 for the first time since August, but remained low overall. Copper prices are expected to remain strong in the short term.

Trade name: calcium carbide

Latest price (April 26): 4250.00 yuan / ton

On April 26, the ex factory quotation of calcium carbide in Northwest China rose by 66.67 yuan / ton, or 1.59%, compared with the quotation on April 23. The price of raw material blue carbon was high and the cost of calcium carbide was well supported. Downstream PVC market rose slightly recently, downstream customers’ enthusiasm for calcium carbide procurement rose.

In the near future, the factory price of calcium carbide in Northwest China may rise slightly: the price quoted by the manufacturer is about 4300 yuan / ton.

1、 Price trend

According to the monitoring data of the business association, the price of caustic soda is mainly stable for the time being. From the beginning of this week to Shandong, the average market price is about 460 yuan / ton, down 9.36% compared with the same period last year. On April 24, the commodity index of caustic soda was 66.19, which was the same as yesterday, decreased by 68.00% compared with 206.87 (2017-11-14), the highest point in the cycle, and increased by 1.66% compared with 65.11, the lowest point on October 9, 2020（ Note: period refers to the period from September 1, 2011 to now

2、 Market analysis

Caustic soda fluctuates in a narrow range, and the market operation is dominant. The price of caustic soda in Shandong is weak, and the mainstream ex factory price of 32% caustic soda is 390-490 yuan / ton. The company’s shipment is tepid, the downstream receiving situation is light and stable, and the wait-and-see atmosphere is strong. It is expected that caustic soda will continue to operate with small fluctuation in the future. In Hebei area, the market of caustic soda fluctuates mainly in a narrow range. At present, the mainstream ex factory price of 32% caustic soda is 460-590 yuan / ton. The company’s shipment is general, and the downstream receiving situation is light and stable, with a strong wait-and-see atmosphere. It is expected that caustic soda will continue to operate with small fluctuation in the future.

Upstream: the overall performance of domestic liquid chlorine market is strong this week, and the liquid chlorine market is still strong supported by the strong demand of downstream. Downstream: from the downstream of caustic soda to the end of demand, aluminum, paper and other industries adhere to the demand-based procurement, a strong wait-and-see attitude. The price of caustic soda lacks strong support, and the price of caustic soda is weak.

According to the price monitoring of business association, in the price rise and fall list of chlor alkali industry in the 16th week of 2021 (4.19-4.23), there are 2 kinds of commodities rising, 0 kinds of commodities falling and 3 kinds of commodities falling to 0. The main commodities rising were calcium carbide (2.87%) and PVC (0.28%); The average rise and fall this week was 0.63%.

Business analysts believe that in the near future, the caustic soda enterprises are not warm in shipment, and the downstream receiving situation is weak and stable, with a strong wait-and-see atmosphere. It is expected that caustic soda will continue to fluctuate slightly in the future, depending on the downstream market demand.