According to statistics, the trend of domestic p-xylene ex factory price this week is temporarily stable. The weekend average price is 4100 yuan / ton, which is the same as that at the beginning of the week, down 43.84% year on year.

The domestic market price trend of p-xylene is temporarily stable, the domestic PX operation rate is maintained at more than 70%, the operation of Hongrun 600000 ton new plant is stable, the operation of Huizhou refining and chemical plant is stable, the first line of fuhaichuang plant is started, the operation of Pengzhou petrochemical plant is stable, the operation of Yangzi Petrochemical PX plant is normal, the operation of Jinling Petrochemical plant is stable, the operation of Qingdao Lidong plant is full load, and the operation of Qilu Petrochemical plant is stable , Urumqi petrochemical plant starts at about 50%, Hengli petrochemical plant operates normally, domestic p-xylene supply is normal, domestic p-xylene market price trend on Friday. This week, the operating rate of PX plant in Asia is more than 70%, and the supply of PX goods in Asia is normal. The external price of PX rose slightly this week. As of the end of the week, the closing price of PX market in Asia was 504-506 US dollars / ton FOB South Korea and 524-526 US dollars / ton CFR China. Affected by the high price of international crude oil, the external price of PX rose this week, and more than 40% of domestic products need to be imported , the closing price rise of PX external market has a certain positive impact on the domestic market, and the price trend of domestic PX market is temporarily stable.

The price of WTI crude oil futures market in the U.S. fell slightly this week. As of the 11th, the settlement price of the main contracts in the U.S. WTI crude oil futures market was $36.34/barrel, and the settlement price of the main contracts in the Brent crude oil futures market was $38.55. The weekend of WTI crude oil and Brent crude oil fell sharply. After the restart of the economic fast forward key in Europe and the United States, the demand for crude oil rebounded, but the epidemic reversed The fear of a second attack on crude oil is now rising. U.S. stocks and the commodity futures market represented by crude oil tumbled on Thursday, with market worries dominating and risk assets selling again. The domestic market price trend of p-xylene was temporarily stable due to the negative factors of crude oil.

The price trend of PTA Market in the downstream of this week has declined. As of the end of the week, the price of PTA in East China had been negotiated around 3650-3750 yuan. This week, the price of PTA fell by 1.18%. Recently, the starting load of PTA industry is 83%. The slight drop of crude oil price has affected the price decline of PTA market. Up to now, the situation of PTA device repair in June is not clear, and the implementation of Xinjiang Zhongtai energy investment is still uncertain, especially to continue Pay attention to the maintenance of main devices, such as Yisheng and Tongkun. In the current situation of good profit, the overall domestic load will remain around 90% in June, PTA supply will continue to maintain a high level, the number of orders in the near future will start to rapidly reduce, and the market will enter the traditional off-season. The order performance is not stable, and the purchase of raw materials is mainly cautious. If the follow-up orders cannot be followed up in time, the possibility of loom load reduction will not be ruled out in the later period. The substantial recovery still needs to be observed. The short-term PTA stock accumulation situation is difficult to change, but the price decline of downstream PTA market has a certain negative impact on PX market, and the domestic p-xylene price trend is temporarily stable.

On the whole, the demand of textile industry has not improved significantly, the order performance is not stable, and the terminal demand is not good. For the upstream PX on-demand procurement, the PX market price trend is temporarily stable.

Chen Ling, an PX analyst at the business agency, thinks that the trend of crude oil price will remain volatile in the near future, but the operating rate of downstream textile enterprises will remain around 60%, and the supply of domestic PX market will be normal. It is expected that the PX market price will remain around 4100 yuan / ton next week.

1、 Price trend

According to the monitoring data of business association, weak operation of domestic soda ash this week is the main. The average market price at the beginning of the week in East China was about 1283.33 yuan / ton, while the average market price at the end of the week was 1266.67 yuan / ton, down 1.3%, down 31.53% compared with the same period last year. On June 7, the commodity index of light soda ash was 64.96, flat with that of yesterday, down 44.88% from 117.86 (2017-11-21), the highest point in the cycle, and up 2.87% from 63.15, the lowest point on November 18, 2015. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

Raw materials: the raw salt has entered the centralized production period, and the contradiction between supply and demand is increasing. Due to the time period of centralized production of sea salt, a large number of new salt needs to be stored in warehouses, while the demand of the downstream market is reduced. At present, the price of many salt producing areas in China has dropped. This week, the operation rate of soda ash manufacturers nationwide is about 75%.

At present, the mainstream price of domestic light soda ash Market

Regional price (yuan / ton up and down)

North China 1300-1450 0

East China 1100-1250 0

Huazhong 1050-1150

Weak consolidation of domestic light soda market, light market atmosphere, no obvious improvement of downstream market demand, general market transactions, it is expected that the price of soda will be more weak consolidation operation in the short term.

Demand: according to the monitoring of the business agency, the average price of glass in the beginning of the week is 17.85 yuan / square meter, the average price at the end of the week is 18.3 yuan / square meter, and the price in the week is increased by 1.01%. However, the glass inventory at the end of May was 60 million heavy boxes, down about 30% from the beginning of the month, and the inventory was cleared quickly. However, at present, the glass inventory is still a big obstacle, which causes most enterprises to purchase on demand, and it is difficult to support the soda ash market in the short term. In the near future, the willingness of cold repair and resumption of production and ignition of new production lines has increased. Downstream processing enterprises and traders are relatively cautious in their mentality. They just need to purchase, and they are mainly used as they enter.

According to the price monitoring of the business agency, in the 22nd week of 2020 (6.1-6.5), there are three kinds of commodities rising and falling in the price list of chlor alkali industry, one kind of commodities falling and one kind of commodities rising and falling to 0. The main commodities rising were PVC (3.68%), caustic soda (2.03%), hydrochloric acid (1.14%); the main commodities falling were light soda (- 1.30%). This week’s average was up or down 1.11%.

3、 Future forecast

According to the soda ash analyst of business association, the domestic soda ash market atmosphere is flat and the transaction is general, and the overall pressure on enterprise inventory is still large. Although the manufacturer plans to reduce the parking maintenance inventory, the overall transaction is still average. In the short term, affected by the high stock of soda ash and high stock of glass, the short-term trend will remain stable. The short-term goal is still to de stock, and it is predicted that the weak stable operation of soda ash will be the main one in the short term.

According to the data monitoring of business agency, the domestic br market fell slightly this week (6.1-6.5), with the price at the beginning of the week at 7630 yuan / ton and at the end of the week at 7520 yuan / ton, down 1.44% overall. On June 5, the CIS polybutadiene rubber commodity index was 22.59, unchanged from yesterday, down 77.94% from 102.40 (2011-09-25), the highest point in the cycle, and up 0.27% from 22.53, the lowest point on June 4, 2020. (Note: cycle refers to 2011-09-01 to now)

The factory price of domestic Shunding rubber petrochemical factory was lowered. As of June 5, the delivery price of Daqing Shunding of CNPC Northeast sales company was 7400 yuan / ton. Traders mainly consume inventory and make small adjustment in offer.

The price of raw materials fell sharply, while the cost of cis-1,4-polybutadiene rubber was negative. According to the monitoring of the business agency, the price of butadiene was 4140 yuan / ton at the beginning of this week and 3801 yuan / ton at the end of this week, down 8.19% overall.

The operating rate of downstream tire plants has not changed much, and cis-1,4-polybutadiene rubber is mostly purchased on demand. At present, the starting rate of all steel tire is around 70%, and that of half steel tire is around 60%. The overall demand is weak and stable.

Aftermarket forecast: business analysts believe that at present, on the one hand, the price of raw materials has fallen, on the other hand, the downstream demand has not been significantly boosted, and it is expected that Shunding as a whole will be weak and stable in the short term.

In May 2020, the ethanol market rose first and then stabilized. According to the monitoring of the business agency, the price of the ethanol market at the beginning of the month was 5587 yuan / ton, and at the end of the month, the price of the domestic ethanol market was 5775 yuan / ton, up 3.36% in the month, up 9.38% compared with the same period last year.

This month, the impact of upstream corn on ethanol production enterprises is obvious, with most regions rising first and then falling. At the beginning of the month, the price of enterprises in the ethanol market in Shandong Province was raised, and then the export order was weakened, and the market went down. At the end of the month, the downstream maintained rigid demand, and the price of ethanol market was stable. In East China, the price of ethanol market was up and down, and the price of anhydrous alcohol was down at the beginning of the month, and the price of enterprises was up due to the rise of surrounding areas. However, in the later period, some enterprises had a positive attitude of shipping, and the ethanol market was sorted out At the beginning of the month, the ethanol market in the district went up, the price of corn raw materials was high, the price of large factories was raised, the inventory was low, and the price of small factories was low. Later, the market was stable due to the imminent storage and auction.

In terms of logistics, the price of logistics in this month is stable, 350-400 yuan / ton from Heilongjiang to Shandong. In the early ten days of this month, under the influence of the epidemic situation in Jilin area, the delivery is affected. In the late ten days of this month, the epidemic situation in Mudanjiang, Heilongjiang is serious, 230-240 yuan / ton from Henan to Hubei, and 250 yuan / ton from Henan to Anhui. The shipping price has not changed much, but the shipment performance is slow this month, and it needs to wait about a week.

In terms of raw materials, corn: the price of corn in China has stabilized as a whole. In the face of market support, the high premium and high transaction Bureau of temporary storage corn auction has great strength, which also reflects the market demand for temporary storage corn. In the short term, the price of corn may be supported. At the same time, we should continue to pay attention to the later auctions.

Ethyl acetate: in May, the domestic ethyl acetate Market rose first and then fell, with a shock range of 200 yuan / ton. At the beginning of the month, the market of raw materials acetic acid and ethanol continued to rise, which gave strong support to the cost of ethyl acetate, and the downstream replenishment was relatively active after the May Day holiday, which promoted the market transaction to go higher. Later, the downstream entered the stage of centralized digestion. New orders in the market were insufficient, and some suppliers’ inventory was accumulated. However, raw acetic acid was still rising sharply, and ethyl acetate suppliers continued to follow, but the overall increase was limited. At the same time, the South China market began to decline after the rise. The local supply was sufficient. The downstream purchase of ethyl acetate was limited and the digestion cycle was long. The market was continuously weak. Under the resistance of some suppliers, the South China market started a new round of decline. In the middle of the year, the market of ethyl acetate in the market was gradually weak, and the inventory of mainstream manufacturers was constantly accumulating. However, at that time, the raw materials acetic acid and ethanol were high and strong, and ethyl acetate was forced to lose money and compete for shipment. Near the end of the month, jinyimeng ethyl acetate plant was shut down, which slightly eased the market decline. However, the market supply and demand deviation was large, the inventory quantity of mainstream suppliers was still accumulating, and the decline continued in a passive stage.

According to the price monitoring of the business agency, in May 2020, there were 47 kinds of commodities in the list of commodity prices rising and falling, including 31 kinds of commodities with an increase of more than 5%, accounting for 34.4% of the number of commodities monitored in the plate; the top three commodities were ethylene (69.89%), trichloromethane (67.86%) and crude benzene (24.52%). There are 37 kinds of commodities decreased on a month on month basis, 16 kinds of commodities decreased by more than 5%, accounting for 17.8% of the number of commodities monitored in this sector; the top three products decreased were R134a (- 15.67%), potassium chloride (- 15.14%) and propane (- 11.97%). This month, the average rise and fall was 3.66%.

3、 Future forecast

The auction price of raw material corn remains high, the price sent to the enterprise is high, the production pressure of the enterprise is high, the inventory of the enterprise is low, the order delivery is continuous, the short-term enterprise will remain high, the price of cassava raw materials continues to rise, at present, the raw materials of the enterprise to the port are mostly purchased in the early stage, the price does not reach the ultra-high position, the enterprise maintains normal production, but The traditional demand for tourism has entered the off-season, and the overall demand is weak. The price of goods sent to the northeast also remains high. The ethanol analysts of the business agency predict that the short-term domestic ethanol market will be dominated by consolidation.

1、 Price trend

The price of aniline has been cut twice this month, according to the data in the bulk list of business agencies. On the first day, the price of aniline was 4800 yuan / ton, down to 4600 yuan / ton on May 6; then it went down to 4466.67 yuan / ton from large-scale stable operation to small-scale operation on May 21; and it continued to operate stably and weakly. On May 1, the price of aniline in Nanjing was 4800-5020 yuan / ton, and that in Shandong was 4800-4890 yuan / ton; on May 31, the price of aniline in Nanjing was 4600-4820 yuan / ton, and that in Shandong was 4400-4490 yuan / ton. Aniline prices fell 333.33 yuan / ton this month, down 6.94% in the month.

2、 Analysis and comment

1. Raw materials: on May 1, the price of pure benzene was 2750-3400 yuan / ton (average price 3020 yuan / ton), and on May 31, the price of pure benzene was 3450-3850 yuan / ton (average price 3600 yuan / ton), up 580 yuan / ton from May 1, up 19.21% this month. In June, Sinopec raised the listing price of pure benzene five times, with a total increase of 700 yuan / ton to 3500 yuan / ton. This month, the pure benzene market was mainly driven by crude oil and positive external market. With the recovery of public health events, foreign blockade measures have been gradually relaxed, and crude oil chemicals market has picked up. But at present, the domestic price is higher than the import price, which restrains the sharp rise of domestic pure benzene price.

Nitric acid: prices stabilized after falling on May 7. The price of nitric acid in East China was 1466.67 yuan / ton on May 1, 1433.33 yuan / ton on May 31, down 33.34 yuan / ton this month, down 2.27%.

2. Product: this month, aniline basically maintained stable and weak operation, with two significant price reductions. In addition to the two declines, the rest maintained a weak and stable trend, with prices largely stable and moving slightly. The operating rate of downstream auxiliary of aniline is still low, and the lack of demand drags the decline of aniline; MDI procurement is mostly contract, which is difficult to support the demand of aniline.

3、 Future forecast

1. In terms of raw materials: it is heard that the turnover of pure benzene is 3600 yuan / ton in May, 3680-3700 yuan / ton in June, 3760 yuan / ton in July and 3800 yuan / ton in August. The operating rate of hydrogenated benzene enterprises has increased, the pressure on supply and demand has increased, or the pure benzene market has been affected. In the long run, the market price of pure benzene will continue to rise, but the short-term oscillation still exists.

Foreign public health events began to improve, the blockade measures were gradually relaxed, and automobile transportation began to recover. However, the demand for aniline has not been significantly increased in the short term.

It is expected that aniline will maintain a weak and stable trend in the short term and wait for the rebound opportunity.

This month, the domestic polysilicon market continued the decline in April, and the price continued to bottom, but the decline slowed down slightly, and the price bottomed out slightly at the end of the month picked up. This is also the first time that polysilicon has ended its 9-week decline. According to the monitoring of business news agency, the overall decline of polysilicon in the whole month was – 3.40%, which was significantly narrowed compared with the decline (- 15.9%) in April.

The main reason for the decline of polysilicon market this month is that the manufacturer took the initiative to reduce the price in the first half of May, which brought bad market. Moreover, the price of imported silicon materials has hit the domestic market with a new low one after another. According to statistics, in May, the price of polycrystalline silicon in non China fell by about 5000 yuan / ton. However, the root cause is still at the demand side. In the context of the epidemic, the demand for downstream procurement further shrank, and the export orders of components significantly shrank. According to statistics, the total export volume of components fell by – 18.3% month on month in April, and the export is expected to be even less optimistic in May. Therefore, the market price of polysilicon is still at the bottom this month, and the price of new orders in the market has dropped a lot.

From both sides of supply and demand, first of all, the supply of polysilicon is still abundant in May. Although affected by the inventory pressure and the sluggish downstream procurement, the number of maintenance manufacturers has been increasing. As of May 29, the number of domestic polysilicon maintenance and load reduction manufacturers has increased from 2 in April to 5. It is expected that there will still be two maintenance plans in the later stage, but the accumulated inventory in the early stage has made the enterprise always At present, it is still at the end of the de stocking cycle. In addition, from the perspective of polysilicon import end, the polysilicon import volume is still at a low level this month. According to statistics, the polysilicon import volume in April was about 8000 tons, down 28% on a month on month basis, down 34% on a year-on-year basis. It can be seen that the pressure from external sources is not large, and the current supply pressure is mainly from domestic sources. According to the situation of manufacturers, the signing of orders by manufacturers has declined compared with the past, and they are mainly signed in June. In addition, affected by the increase of transportation cost caused by high-speed charging, the profit of manufacturers is further squeezed, and the delivery speed of manufacturers is further reduced. According to the monitoring of the business agency, the main domestic transaction price of polysilicon with the model of primary solar material is 38000-42000 yuan / ton.

From the perspective of demand, the terminal demand is still weak, especially the external demand continues to decline. Affected by the overseas epidemic, the global terminal installation is blocked, and the overseas orders of the domestic component end are delayed or cancelled, resulting in the operation rate of the domestic component manufacturers gradually reduced, which is transmitted to the silicon part of the upstream industrial chain, especially at present, the epidemic in India is becoming more and more serious, as the main polysilicon in China In the export area, the polycrystalline demand in this area has declined significantly, which has greatly affected the export. The production time of new single crystal production capacity can only be delayed, and domestic production remains stable. At present, there is no release of new production capacity, which also alleviates the pressure brought by the supply side to some extent. This is also an important reason for the narrower price drop this month. On the other hand, the European and American markets are not optimistic. Orders for downstream components have also been cancelled or delayed. The reduction of orders has led to the price bottoming again and again, which has been transmitted to the upstream silicon industry, forcing enterprises to reduce prices for shipment.

In the later stage, the business club believes that the polysilicon supply is still in excess at present, but in the later stage, with more and more enterprise maintenance, the polysilicon inventory removal cycle will come to an end, and the supply pressure in the later stage may be resolved. However, the problem of demand side is expected to be difficult to solve in the short term, mainly because the overseas epidemic trend has not been effectively controlled, especially in India. The demand for China’s photovoltaic products is shrinking, the price of orders is shrinking, and the overseas anti-dumping efforts against China’s photovoltaic products are increasing. The export situation in the short term is still not optimistic. It is expected that the price of silicon materials will remain under pressure in the near future Considering that the price of polysilicon will be increased tentatively by the end of the month, it is expected that polysilicon will be stabilized at the end of the month.

According to the monitoring of the business club, this week (5.24-29) in East China, LLDPE, LDPE and HDPE all showed an upward trend, and the overall transaction atmosphere of the market was general. On May 29, the average ex factory price of LLDPE 7042 in East China was 6650.00 yuan / ton, 1.01% higher than that on May 24; the average ex factory price of LDPE 2426h was 7550.00 yuan / ton, 0.33% higher than that on May 24; the average ex factory price of HDPE 5000S was 7166.67 yuan / ton, 1.42% higher than that on May 24. The increase is mostly about 50-100 yuan / ton.

On May 29, the LLDPE commodity index was 63.69, unchanged from yesterday, down 45.82% from 117.56 (2013-12-11), the highest point in the cycle, and up 10.84% from 57.46, the lowest point on April 06, 2020. (Note: cycle refers to 2011-09-01 to now)

The LDPE commodity index on May 29 was 58.75, unchanged from yesterday, 48.16% lower than 113.33 (2013-12-08), the highest point in the cycle, and 8.24% higher than 54.28, the lowest point on April 06, 2020. (Note: cycle refers to 2011-09-01 to now)

On May 29, the HDPE commodity index was 58.09, unchanged from yesterday, 43.23% lower than the highest point in the cycle, 102.33 (2014-07-24), and 6.70% higher than the lowest point, 54.44 on April 6, 2020. (Note: cycle refers to 2011-09-01 to now)

In this week’s (5.24-29), the market price of polyethylene rose slightly, with an increase of about 50-100 yuan / ton. Petrochemical enterprises continued to rise in part on Monday (25th), and recovered in late week. In the week, the high opening of linear futures rose, bringing some support to the spot market. Merchants’ mentality was stable, and most of them shipped with the market. In terms of supply, at present, during the peak maintenance season, there are many petrochemical parking and maintenance devices, some of which are under maintenance, such as Fujian united and Dushanzi Petrochemical. The market supply is reduced, the petrochemical inventory is down, and the price is relatively strong. However, at present, the polyethylene market is in the off-season of consumption, and affected by social and public health events, the downstream demand is weak, the demand side of terminal factories continues to be low, and the demand for replenishment is mostly on demand. The market transaction atmosphere is relatively light, which hinders the price rise of polyethylene.

The continuous rise of raw material ethylene market has brought good support to the polyethylene market. On May 27, WTI crude oil futures market prices in the United States fell sharply, and the settlement price of major contracts was 32.81 yuan / barrel, down $1.54 or 4.5%. Brent crude oil futures market prices fell sharply, with the settlement price of major contracts at $35.45/barrel, down $1.29 or 3.5%. The crude oil market fell sharply, which could not support the cost of ethylene. However, the continuous rise of ethylene price was affected by the previous rise of crude oil price, and the impact of the fall of crude oil on ethylene has not been shown for the time being.

Linear futures rose sharply in the week, boosting the spot market mentality. On Monday, May 25, the opening price of polyethylene futures l2009 was 6415, the highest price was 6530, the lowest price was 6415, the closing price was 6490, the former settlement price was 6455, the settlement price was 6470, up 35, or 0.54%, the volume was 323878, the position was 382452, and the daily position was 6034. (quotation unit: yuan / ton)

On May 29 (Friday), the opening price of polyethylene futures l2009 was 6585, the highest price was 6615, the lowest price was 6515, the closing price was 6515, the former settlement price was 6515, and the settlement price was 6560, which was the same as that on May 28. The volume was 427849, the position was 377239, and the daily position was increased by – 30876. (quotation unit: yuan / ton)

In the 20th week of 2020 (5.18-5.22), there are 12 commodities in the list of commodity price rise and fall in rubber and plastic plate, including one commodity with a rise of more than 5%, accounting for 5.6% of the monitored commodities in the plate; the top three commodities are pet (5.38%), ABS (3.46%) and PVC (3.34%). There are two kinds of commodities falling on a month on month basis, and one kind of commodities falling by more than 5%, accounting for 5.6% of the number of commodities monitored in this sector; the top two products falling are PP (melt blown) (- 9.30%) and PA66 (- 0.78%). This week’s average was 0.94%.

In the future, it is currently in the peak maintenance season. There are many petrochemical equipment overhauls, and the market supply is reduced. In the later stage, the petrochemical inventory may fall, and the petrochemical factory price is relatively strong. However, in the face of traditional consumption off-season, and under the influence of public health events, the downstream is mostly replenished on demand, and the market transaction atmosphere continues to be depressed. Polyethylene is expected to rise in the short term with limited space, or continue consolidation.

On May 27, polyolefin fluctuated, and the final contract of l2009 was 6480 yuan / ton, – 0.08%, pp2009 was 7138 yuan / ton, + 0.31%. The price difference of pp-ll in 09 contract is 658 yuan, and the price comparison is 1.1015 yuan. The price of methanol 09 is 1704 yuan / ton. The price of PP / Ma is 4.1890, and the price difference of pp-3ma is 2026 yuan. Brent’s main crude oil price was – 4.50% yesterday, with the current price of US $34.71/barrel.

In terms of spot goods, today’s futures are volatile, the enthusiasm of traders for shipment is acceptable, the demand for wire drawing terminals in East China is weak, and the overall transaction of the market is weak. Recently, hedging pays more attention to wire drawing in East China’s mainstream warehouse in July and August, with appropriate price and mobile phone conference, but the downstream still just needs to take the goods as the main part, without large warehouse building action; petrochemical agents have a high enthusiasm for shipment in the early morning, and the atmosphere for firm offer is strong, Zhejiang Province Sinopec S1003 made direct deliveries to Jiangsu and Shanghai in 7500-7550, Zhejiang Petrochemical 8003 made direct deliveries to Jiangsu and Shanghai in 7600, and Zhongan M02 made overall transactions in 7450-7480h.

PP injection molding has few sources of goods in different places, and many factories mainly supply and distribute goods, but the overall downstream inquiry is weak, and the market transaction is weak. PP low melting copolymerization has few sources of goods in different warehouses, and it is mainly supplied by many factories. Today, the enthusiasm of copolymerization inquiry is high. The transaction of East China copolymerization is about 7750, and the market transaction is general. LLDPE East China Coal Chemical Industry Co., Ltd. offers about 6420-6550, and the main quotation of East China arbitrage is about 09 discount 30 to 50 premium. The arbitrage resources are concentrated in Zhongan, Baofeng, Zhejiang Petrochemical and Pucheng. Zhongan 7042 offers about 6430, Zhejiang Petrochemical 7042 directly sends about 6450-6500 to East China, and Baofeng Zhongmei directly sends about 6520-6550 to East China. Today, the spot resource quotation of East China coal chemical industry is set In the early trading, the low-point hedge discount of futures is about 20-30, the downstream purchasers just need to purchase, the individual brands and the individual reservoir area are acceptable, the spot resources of Zhong’an are relatively small, the low-end price of Zhejiang Petrochemical 7042 distribution in East China is acceptable, and the spot resources of East China coal chemical industry are generally acceptable as a whole.

LLDPE Shandong coal chemical industry linear agent quotation is about 6500-6550, the main discount of arbitrage selling plate is 20 to Pingshui, Baofeng 7042 direct to North China automobile transportation unit price is 6560, China coal 7042 direct to North China development unit price is 6600, the agent quotation is about 6540-6600, Shandong coal chemical industry linear overall warehouse is in short supply, the price is firm, the morning market is low, arbitrage selling plate advantage is obvious, Ningmei 7042 discount is 20 left Transactions near the spot price 6450 on the right are good, while transactions in other brands of linear market are limited; the guidance of CNPC is 6500-6750. Low pressure trade companies continue to raise prices, and the downstream market is rigid, without hoarding. HP Shenhua 2426h East China 7450-7550, Shandong 7450-7500.

The weak sentiment of liquid chemicals and the weak shock of crude oil have become the factors hindering the breakthrough of polyolefin. After many unsuccessful attempts by polyolefin bulls, it is likely that the market will also fall due to the weak sentiment of energy chemicals as a whole. It is suggested that pp09 should stop more than half of its single earnings and the remaining positions should do well in stop loss defense and stop loss below 6900.

1、 Price trend

According to the monitoring data of the business agency, the average ex factory price of domestic chlorinated paraffin 52 grade I products was 4766 yuan / ton on May 18, and 4766 yuan / ton on May 22, maintaining a stable price this week. The commodity index of chlorinated paraffin on May 22 was 70.97, which was the same as yesterday, 35.15% lower than the highest point of 109.43 (2013-12-03), and 11.15% higher than the lowest point of 63.85 on September 26, 2016. (Note: cycle refers to 2012-06-01 to now)

2、 Market analysis

Product: chlorinated paraffin market is stable this week. The ex factory quotation of chlorinated paraffin 52 in Jiangsu Province is 4600-5100 yuan / ton, that of chlorinated paraffin 52 in Hebei Province is 3700-4500 yuan / ton, and that of chlorinated paraffin 52 in Henan Province is 4000-5300 yuan / ton. The ex factory quotation of chlorinated paraffin 52 in Northeast China is 4300-5200 yuan / ton. The ex factory quotation of chlorinated paraffin 52 in Shandong Province is about 4800 yuan / ton. The ex factory quotation of chlorinated paraffin 52 in Northwest China is 4800-5400 yuan / ton. The ex factory quotation of chlorinated paraffin 52 in East China is 4500-5400 yuan / ton. The factory quotation of chlorinated paraffin 52 in North China is 4000-5000 yuan / ton. The factory quotation of chlorinated paraffin 52 in South China is 4500-5000 yuan / ton.

Industrial chain: the current raw material market is running steadily at a high price. The price of upstream raw material wax is stable and the volume is average. The price of raw material liquid chlorine remained high due to the decrease in the supply of maintenance goods for some factories. However, the lower reaches mostly hold a wait-and-see attitude, and the enthusiasm for receiving goods is not high.

Industry: according to the price monitoring of the business agency, in the 20th week of 2020 (5.18-5.22), there are 32 kinds of commodities in the list of rise and fall of bulk commodity prices in the chemical industry sector, including 5 kinds of commodities with a rise of more than 5%, accounting for 5.6% of the number of commodities monitored in the sector; the top three commodities are crude benzene (11.37%), chloroform (9.52%) and hydrogen peroxide (7.11%). There are 24 kinds of commodities with a decline in the aspect ratio, and the top three products are polysilicon (- 4.49%), light soda (- 3.75%) and aniline (- 3.60%). This week’s average was 0.74%.

3、 Future forecast

The chlorinated paraffin analyst of business association thinks that the current transaction of chlorinated paraffin is not good, and the downstream mainly depends on rigid demand. The cost side price of raw materials remains unchanged and at a high level. It is expected that in the later stage, the chlorinated paraffin Market as a whole will be stuck in operation and the price will be stable.

1、 Price trend

According to the monitoring of bulk data from the business agency, affected by the weakening of raw materials and the downturn of downstream demand, the price of domestic ethyl acetate began to decline. As of May 25, the average price of ethyl acetate in East China was about 5425 yuan / ton, down 1.59% year-on-year from last week.

2、 Cause analysis

Product: due to the long-term sluggish demand in the terminal market, the high price of ethyl acetate is greatly affected by the cost. As the market of raw materials acetic acid and ethanol gradually weakens, the domestic cost of ethyl acetate declines, the market begins to decline, the enterprise starts at a low level, the sales pressure is still high, the trade in the industry is light, and the market turnover is rare. At present, the price in East China is about 5200-5400 yuan / ton, in North China is 5100-5300 yuan / ton, and in South China is 5300-5500 yuan / ton

Industry chain: on the upstream side, the supply of acetic acid market is expected to increase, and the supply tension situation has been alleviated to some extent, but the downstream market demand is still slow to return to normal level, the spot transaction in the market is weak, and there is a certain bearish attitude towards the acetic acid market, some cargo traders have strong shipping intention, and the actual order is declining; the ethanol market is stable and weak, and enterprises are shipping actively, and the downstream just needs to buy, At present, the quotation in East China is about 5750 yuan / ton.

International: affected by the international epidemic, the supply and demand of international ethyl acetate are weak, and the regional price difference is large, among which the European port is about 1000 US dollars / ton, and the North American market port price is about 615 US dollars / ton.

3、 Future forecast

According to the analyst of ethyl acetate of business association, the overall supply and demand of ethyl acetate Market are weak at present, the market transaction atmosphere is low, the cost side is good and the support is insufficient, the downstream terminal market has not recovered yet, the sales pressure of ethyl acetate enterprises is obvious, and it is expected to be weak in a short period of time.