According to statistics, the price trend of domestic p-xylene factory rose sharply this week, with an average price of 4800 yuan / ton at the weekend, which was 11.63% higher than the price of 4300 yuan / ton at the beginning of the week, with a year-on-year decrease of 31.43%.

The domestic PX operating rate is less than 70%. Hongrun’s 600000 ton new unit is running stably, Huizhou refining and chemical plant is running stably, fuhaichuang plant is operating in one line, Pengzhou petrochemical plant is running stably, Yangzi Petrochemical PX unit is running normally, Jinling Petrochemical plant is running smoothly, Qingdao Lidong unit is operating at full load, Qilu Petrochemical plant is running stably The start-up of Urumqi petrochemical plant is about 50%, and Hainan refining and Chemical Co., Ltd. has started a production line. During the shutdown of Zhenhai Refining and chemical plant, Hengli petrochemical plant is running normally, and the domestic p-xylene supply is slightly tight, and the domestic p-xylene market price trend is rising. This week, the operating rate of PX units in Asia is about 70%, and the supply of PX goods in Asia is normal. This week, the external price of PX has risen slightly. As of the end of the week, the closing prices of PX market in Asia are 513-515 USD / T FOB Korea and 533-535 USD / T CFR China. Affected by the rise of international crude oil price, the external price of PX goes up this week, and more than 40% of domestic products need to be imported The rise of PX external market closing price has a certain positive impact on the domestic market, and the domestic PX market price trend has increased significantly.

WTI crude oil futures market in the United States rose slightly this week. As of the 2nd, the price of WTI crude oil futures market in the United States rose, with the settlement price of main contracts at US $40.65/barrel. The price of Brent crude oil futures market rose, and the settlement price of main contracts reached us $43.14/barrel. The rise of oil price was mainly supported by the decrease of unemployment rate and the decrease of crude oil inventory in the United States. Meanwhile, the market was intensified by the second outbreak of the epidemic Worried about the weakening of economic activities in the future, the price trend of domestic p-xylene market rose sharply, supported by the rising price of crude oil.

This week, the price trend of downstream PTA market declined. By the end of the weekend, East China PTA Market negotiation was around 3600-3700 yuan. PTA price dropped by 0.05% this week. Recently, the starting load of PTA industry was 91%, and crude oil price rose to support PTA market price. Up to now, conventional products in textile industry are unsalable, and there is no bright spot support in the market. As a result, weaving manufacturers continue to enter the accumulated inventory week Period. Judging from the current market situation, domestic trade competition is fierce, foreign trade recovery is difficult, weaving manufacturers will continue to accumulate inventory, if there is no substantial change in the future market, the starting rate of manufacturers may further decline. At present, there are about 43 days in the raw cloth warehouse in Jiangsu and Zhejiang, and about 41 days in the same period of last year. It is still necessary to observe the substantial recovery in the field. The short-term accumulation of PTA is difficult to change. However, the price fluctuation of downstream PTA market has a certain negative impact on PX market. Affected by the support of crude oil price, the domestic p-xylene price trend rises.

On the whole, the demand of textile industry is still not significantly improved, the order performance is unstable, and the terminal demand is poor. For upstream PX on-demand procurement, the rise of crude oil price is the biggest advantage of PX market price.

Chen Ling, PX analyst of business agency, believes that the recent trend of crude oil price remains strong, but the operating rate of downstream textile enterprises is low, and domestic PX market supply is normal. It is expected that the PX market price will maintain about 4800 yuan / ton next week.

1、 Trend analysis

As shown in the figure above, in the first half of 2020, the copper market first fell and then rose, out of the “deep V” trend. According to the data of the business agency, the copper price at the beginning of the year was 49033.33 yuan / ton, then fell to 36560 yuan / ton on March 23, a decline of 25.44%. Then, it rebounded all the way to 48166.67 yuan / T at the end of June, almost fully recovered the previous decline, only a small drop of 1.77% compared with the beginning of the year.

According to the current copper comparison chart of business society, the current trend of copper in the first half of 2020 is basically the same. The main contract price of copper from January to march is higher than the spot price of copper, and the spot price of copper from March to June is higher than the main contract price of copper. This phenomenon basically follows the law of copper price. The main contract price of copper is the expected price of copper in the next two months, and the next two months from January to March are the peak season of copper demand The price is higher than the spot price of copper. The next two months from April to June will be the off-season of demand, and the spot price will be better. In the middle of the year, the current price gap increased, indicating that we are bearish on the expected price of copper in the next two months.

2、 Market analysis

The copper trend in 2020 can be divided into two stages

In the first stage (from January to March, the price of copper fell from 49033.33 yuan / ton to 36560 yuan / ton, the lowest point on March 23, with a decrease of 25.44%. The main reason was that almost all domestic enterprises stopped production and shut down after the year, and the demand did not recover slowly until March.

In the second stage (rising from March to June), with the gradual control of the domestic epidemic situation, domestic enterprises gradually return to production and work, demand slowly recovers and prices rise. However, the epidemic situation abroad has become serious, resulting in frequent stoppage of foreign mines, affecting copper supply and supporting the rise of copper prices.

Summary of import volume of copper ore and concentrate from January to may in 2020

Total of January February March April May

The import volume of copper ore and its concentrate (10000 tons) 376.8 178 203 169.926.8

Year on year – 1.20% 1.03% 22.91% – 7.97% 14.77%

According to the table above, under the current epidemic situation, South America is affected by the virus and the import and export are blocked. In some months, the year-on-year decline has occurred. However, the import volume of copper ore in China has not changed much. In 2019, 22.02 million tons, 2.3 million tons more than that in 2018, an increase of 11.66% year-on-year. From January to may 2020, China’s total imports of copper ore will reach 9.268 million tons, an increase of 14.77% year-on-year.

New production capacity of copper smelting

Year crude refining total

95.110.205 in 2018

79 122 201, 2019

2020 43.64.107

According to the above table, in 2020, the copper smelting capacity will be significantly less than that of the previous two years. According to the Ministry of industry and information technology, the excessive risk of smelting will increase in 2020, and the disorderly expansion of copper refining capacity will be strictly controlled.

Monthly copper production

According to the above figure, the output and supply of enterprises are relatively stable. According to the data, in April 2020, the total production of domestic electrolytic copper smelting was 81.975 tons, while in May, the copper production increased to 353000 tons, an increase of 19.97% year-on-year. There is no need for the market to worry about the supply problem.

Downstream demand:

Real estate completion

As shown in the above figure, the real estate market has declined since November 2017, with a decline rate of 2.9% from January to April 2020. The previously hyped interest rate and reserve rate reduction is good for real estate, but its effect is limited. The future real estate market will be stable.

Car production

As shown in the figure above, the automobile output in May reached 2187000, an increase of 18.34% over the same period of last year. The automobile data is better, but the replaceability is still the most worried problem in the market, and the impact of automobile data on the copper market in the future will be small.

Power grid investment

As shown in the figure above, in 2020, the State Grid initially plans to invest 450 billion yuan in power grid, which can effectively drive more than 900 billion yuan of social investment, and the overall scale will exceed 1.3 trillion yuan.

To sum up, although affected by the epidemic situation, the shutdown of foreign copper mines has more or less affected the supply of copper mines, but from the data, it can be seen that the actual import volume of China has not decreased but increased, the copper production has not been affected, and the new production capacity of copper smelting has decreased, but the overall copper market supply has little impact. In terms of demand, the investment demand data of automobile and power grid are better, but the data of real estate market from January to April is declining. It can be seen from the spot copper price that due to the influence of the epidemic situation, the resumption of production and work of domestic enterprises was delayed, resulting in the copper price falling first and then rising, and the recovery price in the middle of the year was slightly lower than that at the beginning of the year. Generally speaking, copper supply is stable and domestic demand is stable. Due to the spread of the epidemic in the international market, overseas orders have decreased significantly, and international demand has been affected. In the second half of the year, copper prices should still follow such a logic. In July and August, the price of traditional consumption will be slightly weak. In September and October, copper prices will pick up, and November and December will be weak.

In late June, the international oil price rose to around us $40 / barrel. In addition, the demand for downstream asphalt storage was released, and the domestic asphalt price rose slightly. According to the price monitoring data of the business agency, the asphalt price on June 30 was 2362 yuan / ton, which was 2.72% higher than that on June 21.

Recently, the international crude oil price has been steadily rising, and the international oil price once exceeded $40 / barrel. In late June, WTI and Brent crude oil futures prices rose 1.66% and 0.82% respectively. The price difference of asphalt crude oil recovered to the level of the first quarter. With the rise of crude oil price, most of the downstream enterprises hold a bullish attitude towards the asphalt price.

Affected by the Meiyu season in southern China, the demand for asphalt downstream is weak, and the inventory level of some refineries reaches a high level. However, with the official “plum” date approaching on July 9, traders and downstream demand for asphalt storage began to rise. Driving up the price of asphalt in some areas. North China, Shandong and other regions are less affected by rainfall weather, asphalt demand is stable, middle and lower reaches users purchase on demand, and most refineries maintain production and sales balance.

Data show that the recent domestic asphalt plant operating rate is about 64%, and the operating rate is basically stable. In May, the total domestic asphalt production was close to 2.8 million tons; in June, the domestic asphalt production was about 2.9 million tons. In the near peak season of asphalt demand, the demand for downstream stockpiles increased, which led to a small increase in refinery asphalt production.

Business agency analysts believe that the short-term international oil price will remain around $40 / barrel, the traditional peak season of asphalt is approaching, and the demand for asphalt will increase. It is expected that the domestic asphalt price will rise steadily in the third quarter.

Under the depression of the downstream resin industry, the bisphenol a market experienced the trend of first rising and then falling in June, mainly due to the cost. First of all, with the continuous increase of costs, the bisphenol a market first experienced a unilateral upward trend in May, and continued to rise in the first ten days of June. It began to stabilize in the middle of June. According to the monitoring of the business agency, the market offer on May 5 was 8800 yuan / ton, and on June 9 it was 12450 yuan / ton. After the May Day holiday, the total unilateral upward trend of bisphenol a market was 41.48%. In June, the market offered 11016 yuan / ton on June 1, 12450 yuan / ton on June 9, up 13.01%, and 12416.7 yuan / ton on June 11, with a narrow range of correction. As of June 28, the market offered 11575 yuan / T, down 6.78% in the middle and late ten days. On the whole, affected by the recovery of cost and the whole chemical industry, the overall increase was greater than the decline, and the overall upward trend was upward.

From the cost point of view, the phenol and acetone market in June also experienced a trend of first rising and then falling. The following is a comparative analysis of the trend chart of phenol factory offer in East China, acetone factory offer in East China and bisphenol a market offer trend chart

The important raw material of bisphenol A is phenol, which consumes 0.87 phenol in the production of 1 unit of bisphenol A. In June, the phenol market rose first and then fell, with an overall upward trend. According to the monitoring data of the business agency, first of all, look at the situation of factory offers in East China. On June 1, the phenol Market offered 6750 yuan / ton, 7800 yuan / ton on June 9, up 15.56% in 9 days, and 7400 yuan / ton on June 28, a decrease of 5.13% compared with that on the 9th and an increase of 9.63% compared with the beginning of the month. On June 1, the national phenol Market offered 6750 yuan / ton; on June 9, it was 7925 yuan / ton, up 17.41% in 9 days; on June 28, it was 7212 yuan / ton, down 8.99% compared with that on the 9th and increased by 6.85% compared with the beginning of the month. From the perspective of the mainstream East China, the daily price of June 1 was 6750 yuan / ton, that of June 9 was 8100 yuan / ton, and that of June 27 was 7100 yuan / ton. Overall, the trend of mainstream factories and markets in East China was consistent with that of the whole country, with the overall trend of rising first and then falling.

Acetone is another important raw material of bisphenol A. although acetone is only 0.27 in the production of bisphenol A, the popular acetone market has experienced a “roller coaster” rise and fall trend, which still has a great impact on it. In June, the acetone market rose sharply. According to the monitoring data of the business agency, according to the situation of factories in East China, the daily price of June 1 was 8875 yuan / ton, and the daily price of June 10 was 11575 yuan / ton, up 30.42%. As of June 28, the national market offered 10600 yuan / ton, down 8.42% from the 10th. On average, the national market offered 8850 yuan / ton on June 1 and 12250 yuan / ton on June 10 As of June 28, the national market offer was 9975 yuan / ton, down 17.40% from the middle of the year. Moreover, the mainstream offer in East China continued to decline. On the 28th, the East China market offer fell to 9300-9500 yuan / T. although the recent shutdown and maintenance plan of Sinopec Mitsui and Shiyou in East China factories, it is difficult for the market to recover. The business community expects acetone to be stable in the short term.

In the downstream liquid epoxy resin industry, the market is weak near the end of the month. The market is cold and the overall turnover is limited. In East China, the barreled delivery price is 19500 yuan / ton, and the ex factory price of purified water is 18500 yuan / ton. There are also low profit margins. Supported by the upstream raw material cost, the overall market delivery is not smooth, and the terminal just needs to follow up.

In terms of raw materials, at present, the phenol ketone plant continues to shut down for maintenance plan. Sinopec’s Mitsui overhaul lasts for a month, and Shiyou’s unit is also temporarily shut down. The news is good support. The market may stop falling and become stable. From the cost point of view, the overall stable operation is stable, but the downstream buying is still poor, and the market transaction is difficult to improve significantly. The Business Association expects that the short-term bisphenol a market will be weak and stable Focus on the change of demand side of terminal purchasers, and the reference of market offer is 11200-11400 yuan / ton.

This week, domestic antimony ingot prices remained stable, with limited market turnover.

On June 24, the antimony commodity index was 50.29, flat with yesterday, down 50.85% from 102.32 (2012-10-16), the highest point in the cycle, and up 7.05% from 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

This week, the demand for antimony products at home and abroad has not improved significantly. The price of antimony products has remained stable this week, and the transaction has slightly increased compared with last week, but the overall price is still relatively weak. The downstream just needs to purchase mainly. By the end of 24 days, the domestic market had 2 × low bismuth antimony ingots of 34500 yuan / ton, 1 × high bismuth antimony ingots of 35000 yuan / ton, 0 × high antimony ingots of 36000 yuan / ton, and the average price of 2 × high bismuth antimony ingots of 33000 yuan / ton, which was the same as last week. The market price of antimony trioxide keeps stable with the trend of antimony ingot. By the end of the week, the average price of antimony trioxide was 99.5% at 31750 yuan / ton, and 99.8% at 33250 yuan / ton, which was the same as last week.

According to the price monitoring of the business agency, there are 9 commodities in the list of commodity prices rising and falling in the 25th week of 2020 (6.22-6.26), among which the top three commodities are titanium concentrate (1.98%), magnesium (1.76%) and neodymium (1.62%). There are 8 kinds of commodities falling on a month on month basis, and the top 3 products were cobalt (- 2.00%), zinc (- 1.14%) and dysprosium oxide (- 1.03%). This week’s average was 0.17%. As the global stimulus policy continues to work, the trend of domestic basic metals rebounded slightly under the loose monetary policy.

The business club believes that in the current situation of foreign demand for antimony series products has not been improved, and the market transaction is low, most antimony ingot manufacturers hold high prices, and it is expected that the future market price will remain stable.

1、 Price trend

According to commodity data monitoring, the price of Yungui yellow phosphorus decreased this week. The average price of yellow phosphorus at the beginning of the week was 14933.33 yuan / ton, and the average price at the end of the week was 14650 yuan / ton. The price in the week decreased by 1.9%.

2、 Market analysis

Yellow phosphorus market prices continue to fall this week. As Dragon Boat Festival is approaching, the demand of downstream customers is light, and most of them will not purchase until after Dragon Boat Festival. At present, the yellow phosphorus Market in Yunnan Province is light, with a market quotation of about 14000-14300 yuan / ton. The market is not good and the price is seriously depressed, and many yellow phosphorus manufacturers do not offer. Guizhou yellow phosphorus market is dominated by low-level operation, and the current mainstream quotation is about 14300 yuan / ton. The downstream demand market is general, and manufacturers mainly adopt enough on demand. The yellow phosphorus Market in Sichuan is light and stable, and the current quotation in Sichuan is about 15000-14200 yuan / ton. Downstream manufacturers who take it with them, on-site spot sales in general.

In terms of raw phosphorus ore, this week domestic phosphorus ore is mainly in stable operation. At present, the reference quotation of 30% grade phosphate ore in Guizhou is around 300-340 yuan / ton. The price is basically the same as the price a week ago. At present, it has basically entered the off-season operation, and the shipment volume is average. Yunnan area: phosphate rock is mainly in stable operation temporarily, and the quotation of 29% grade phosphate ore car plate in Yunnan is about 300 yuan / ton. The market trading of phosphorus ore is general, the market is weak and stable, and the support for yellow phosphorus cost surface is weakened.

In terms of coke, the market price of Panzhihua coke (secondary metallurgical coke) is 1980 yuan / ton, which is the same as that of the previous trading day and 200 yuan / ton higher than that of the same period last month. The coking enterprises in Southwest China started normal operation in the near future, with relatively stable supply and demand, good sales and low inventory. It is expected that the future market will be stable and stronger. The market price of Liupanshui coke (secondary metallurgical coke) is 2050 yuan / ton, which is the same as that of the previous trading day, 130 yuan / ton higher than that of the same period last month. The price in Southwest China is relatively stable compared with that in other regions, with high consolidation in the future.

Downstream, phosphoric acid sales were poor and prices fell. The export of phosphate Market is blocked, the domestic demand is not good, the enterprises maintain the order of old customers mainly, and the demand for yellow phosphorus is general.

3、 Future forecast

Yellow phosphorus analysts from the chemical branch of business news agency believe that the market price of yellow phosphorus fell this week. The upstream phosphorus ore market is weak and stable, the cost support is weak, the sales of downstream phosphoric acid and phosphate enterprises is poor, and the demand for yellow phosphorus is weakened. Considering that some of the current yellow phosphorus enterprises have quoted prices close to the cost of enterprises, it is expected that the yellow phosphorus prices will tilt down slightly in the short term, but there is limited space for reduction.

1、 Price trend

According to the data of the bulk list of business news agency, the market price trend of TDI this week is stable. The average market price in East China is 11500 yuan / ton this week, an increase of 0.58% compared with 11433.33 yuan / ton at the end of last week, and a decrease of 8.49% compared with the same period last year.

2、 Market analysis

This week, the domestic TDI market deadlock finishing, good hard to find. The supplier’s willingness to ship has been enhanced, the space for actual single negotiation has increased, the overall offer is lower than the low end, but the effect of buying up is not buying down sentiment, the downstream follow-up is not good, and there is little heard about on-site transactions. As of the 19th, the quotation of domestic goods with tickets in the East China market was 10500-10600 yuan / ton, and that of Shanghai goods with tickets was 10800-11000 yuan / ton; the narrow range of the North China market was sorted out, the shipping resistance of the operators was large, and there was little heard of the on-site transaction; the narrow range of the South China market was weak, the atmosphere was stalemate, and the low price was heard.

In terms of toluene, the focus of market negotiation fell this week, the crude oil continued to rise in the week, the fundamentals of toluene market was weak, and the market was significantly affected; the downstream demand was not strong, the negotiation atmosphere was not active, and the toluene inventory could not be effectively alleviated, the price of toluene fell back this week, as of the 19th, the average domestic price was about 3550 yuan / ton, down 4.05% on last week, and it is expected that the domestic toluene Market in the later stage will be in decline The trend is stable for the time being.

3、 Future forecast

According to the analysis of the data analyst of the business agency: at present, the domestic TDI market is in a weak position, the pressure of the industry’s shipment is large, the downstream follow-up is poor, the supply and demand game in the market continues, the downstream inquiry enthusiasm is not high, and the transaction in the market is less. It is expected that the TDI market will run weakly in the later stage and pay attention to market news.

1、 Price trend of acrylic acid

(Figure: P value curve of acrylic acid product)

2、 Market analysis:

Recently, acrylic acid market is in weak operation. The average price of acrylic acid in East China as of June 22 was 7733.33 yuan / ton, down 6.07% compared with that of last Monday (compared with June 15), and 8.66% compared with that of May 22, according to the bulk list of business agencies.

Market review: on June 15, the average price of acrylic acid in East China was 8233.33 yuan / ton. The price of raw material propylene rose slightly. Some maintenance devices recovered slowly. The overall downstream operating rate slightly increased. The overall balance of supply and demand was achieved. On June 16-17, the price of acrylic acid ran smoothly. On June 18, the price of raw material propylene continued to rise. However, the downstream demand was relatively light, and procurement was mainly on demand. Some enterprises The average price of acrylic acid in East China decreased to 8166.67 yuan / ton, which was temporarily stable on the 19th, mainly stable on the 22nd. Some enterprises lowered their prices, and the average price of acrylic acid in East China decreased to 7733.33 yuan / ton, with low enthusiasm for downstream participation and light trading.

According to the data monitoring of the business agency, the price of acrylic acid in some enterprises in the near future (for reference only, the actual transaction price is mainly negotiated):

Raw propylene: on June 22, the market price of propylene in Shandong began to fall. According to the price of the business agency, the propylene market in Shandong increased by 250 yuan / ton in one week at the beginning of June, and there was a significant correction in the price in the middle of June, with a cumulative drop of 350 yuan / ton in the seventh day of the second week. From June 14 in the middle of the month, the price stopped falling again and picked up again. On June 19 last Friday, the price has risen 350-450 yuan / ton in a row. At the end of the week, the price remained stable. Today, the price dropped again by about 50 yuan / ton. Now, the market turnover is between 6780 and 7000 yuan / ton, and the mainstream price is around 6800 yuan / ton. At present, propylene manufacturers have no inventory pressure, but the delivery situation is general.

Statistics of downstream operation rate of acrylic acid:

3、 Future forecast:

According to the acrylic analyst of business club, at present, the price of raw material propylene starts to fall, the cost support is weakened, the market spot supply is sufficient, the downstream market inquiry and replenishment are just needed, and the purchase is limited. It is expected that in the short term, the acrylic market will be weak and stable, and more attention should be paid to the change of raw material price and the transaction situation in the mainstream market.

1、 Price trend

According to the data of business agency, on June 19, the average ex factory price of oil-based glycol in North China was 3617 yuan / ton, 133 yuan / ton lower than last week, down 3.56%.

On June 18, the market price of ethylene glycol in East China was 3530 yuan / ton, down 25 yuan / ton, or 0.70%, compared with the same period last week.

2、 Analysis of influencing factors

As of June 18, the glycol inventory in the main reservoir area of East China was about 1316500 tons, an increase of 7900 tons or 0.60% compared with last Thursday, and an increase of 29500 tons or 2.29% compared with this Monday. Continuous high accumulation.

In terms of shipment, this week, the main port of Zhangjiagang delivered about 6700 tons per day, and Taicang delivered about 7600 tons per day to the two warehouses. The overall delivery volume is slightly better than that of last week, but it has continued to be low in recent days.

At present, the operating rate of ethylene glycol is about 55%, down one percentage point from last week, and that of polyester is about 87%, down about 1.35% from last week.

In terms of units, on June 16, Sinopec’s integrated refining and chemical project, located in Donghai Island, Guangdong Province, was officially completed and put into operation. The project is expected to open the whole refining process by the end of July and the whole chemical process by the end of August, involving 400000 tons of glycol production capacity. Yangzi BASF’s 340000 ton glycol integrated unit has been overhauled, and the upstream unit has been put into operation and restarted. It is expected that the glycol link will be able to be produced around the weekend. Whether in the near future or in the long term, the supply pressure is further increased.

In terms of futures, due to the recent continuous rise in crude oil, supporting the strength of chemicals, glycol futures prices also rose.

3、 Analysis and prediction

Although due to the increase of crude oil, the price of glycol has increased recently. But back to glycol products themselves, due to the high inventory, the downstream construction is insufficient and the shipment is not smooth, and the source of imported goods keeps flowing, resulting in continuous accumulation of inventory. In addition, there are plans to restart many units at the end of June, when domestic supply will increase. Therefore, in the long run, glycol market tends to be pessimistic.

1、 Price trend

This week, the selling price of sulfuric acid in Shandong Province was temporarily stable, offering 285.00 yuan / ton, up 37.35% year on year. Overall, sulfuric acid market this week was temporarily stable, with the sulfuric acid commodity index at 44.36 on June 12.

2、 Market analysis

From the manufacturer’s quotation, the price of mainstream sulfuric acid manufacturers in Shandong this week is temporarily stable, the manufacturer’s inventory is small, and the downstream demand is low. The weekend quotation of Heze Jiangyuan is 260 yuan / ton, which is temporarily stable compared with the beginning of the week; the weekend quotation of Zouping Tianlu is 170 yuan / ton, which is temporarily stable compared with the beginning of the week; the weekend quotation of Jinan Yuanfei is 300 yuan / ton, which is temporarily stable compared with the beginning of the week; the weekend quotation of Taiyuan kunshengda is 410 yuan / ton, which is temporarily stable compared with the beginning of the week.

From the perspective of upstream and downstream industrial chain, the upstream sulfur price has increased slightly in recent years, which supports the price of sulfuric acid. However, the market of monoammonium phosphate and diammonium phosphate in the lower reaches has gradually declined, which has a negative impact on sulfuric acid, and the sharp drop of bromine price also has a negative impact on sulfuric acid.

3、 Future forecast

In the middle of June, the sulfuric acid Market in Shandong Province may fluctuate slightly. Although the upstream sulfur price rose slightly, the downstream market fell seriously, the downstream demand for sulfuric acid decreased, and the product trend fell under the contradiction between supply and demand. According to analysts of business association sulfuric acid, under the influence of supply and demand and raw materials in Shandong market in the short term, sulfuric acid market may decline slightly.