1、 Price trend

According to the data monitored by the business agency, the price of domestic industrial grade first-class potassium nitrate this week was 4350.00 yuan / ton, which was stable. The current price fell 2.79% year on year.

2、 Market analysis

Product: the domestic potassium nitrate Market is stable this week. The domestic potassium chloride Market of upstream raw materials is in a state of relative panic. The imported potassium has a small fall, the market price continues to decline, unable to support the price rise of potassium nitrate. The downstream maintains rigid purchase, in a period of stable consumption. The supply and demand are relatively stable, and the market is in a state of consolidation. Potassium nitrate Market remained stable. This week, the main domestic manufacturers of potassium nitrate offered 4200-4500 yuan / ton.

3、 Future forecast

Potassium nitrate analysts of the business association think: this week, the market of potassium nitrate is stable. In the near future, industry insiders, especially downstream factories, are not optimistic about the market of potassium chloride in the later stage, and have limited support for potassium nitrate. It is expected that the market of potassium nitrate will be consolidated in the near future.

1、 Price trend

According to the data of the business club’s large scale list, this week’s pure benzene fell precipitously. On Friday (March 6), the price of pure benzene was 5050-5251 yuan / ton (average price 5150.2 yuan / ton), and on Friday, the price of pure benzene was 4350-4900 yuan / ton (average price 4680 yuan / ton), down 9.13% from last week. On Tuesday, the price of pure benzene fell significantly, down nearly 7% from the previous day.

2、 Analysis and comment

1. Product: this week, the pure benzene market was greatly affected by crude oil and external market, and the price was weak. Sinopec sharply lowered the listing price of pure benzene on Tuesday, from 600 yuan / ton to 4550 yuan / ton; local refineries lowered their prices according to their own conditions. Shandong pure benzene market lower willingness to receive goods, the overall deal was weak, Thursday and Friday sharp weakness. This week’s pure benzene port inventory slightly lower than last week.

2. Crude oil: at the beginning of the week, Saudi Arabia slashed the official price of crude oil in April and announced to increase its crude oil production in April. In addition, Russia refuses to cooperate with OPEC to deepen production reduction. The deep drop in oil prices this week has largely dragged down the market for pure benzene and crude oil related chemicals. Brent fell 30.03% and WTI fell 22.65% compared with March 6. Compared with the beginning of the year, Brent fell 52.3% and WTI fell 47.16%.

3. Downstream industry: the operating rate of styrene in the downstream rebounded. The 450000 T / a styrene plant of Shandong Yuhuang and 200000 t / a styrene plant of Ningbo Keyuan are planned to start operation next weekend, and the styrene production capacity is expected to continue to improve in the later stage. At present, the inventory pressure of styrene enterprises is large, and the inventory of East China port is high, which has a negative impact on pure benzene. The price of styrene in Shandong this week was 6250 yuan / ton, down 5.3% from last week.

Downstream aniline was affected by the sharp fall of pure benzene, which lowered the price for three consecutive days. On Friday, Shandong’s price was 6200 yuan / ton, while Nanjing’s price was 6450 yuan / ton, down 7.14% from last Friday.

3、 Future forecast

1. Crude oil: Saudi Arabia and Russia are willing to increase production. In addition, social public events currently have a greater impact overseas, and multiple factors affect the negative oil price. But the US will adopt an economic stimulus plan to deal with the negative effects.

2. Market aspect: crude oil and external market are not optimistic; downstream styrene production capacity is expected to increase, and the factory inventory is high, and other downstream products are also in storage and shipment with poor inventory accumulation.

The upstream and downstream double negative pure benzene, it is expected that the trend of short-term pure benzene is weak.

1、 Price trend

Business agency: the market price of MTBE fell sharply this week (March 9-March 13)

The price of MTBE at the end of this week was 4133 yuan / ton, down 8.82% from the previous week’s price, according to the data of business agency.

2、 Market analysis

Product: the price of crude oil in the international market fell sharply, causing panic in the domestic market. The price of MTBE fell sharply.

Industrial chain: Saudi Arabia and Russia held a joint production reduction meeting, which met with black swan incident. The crude oil supply is expected to increase significantly, and the international crude oil market plunged more than 40%.

MTBE Market: the international oil price plunges sharply, the market players are more bearish about the future market, MTBE manufacturers are hard to ship, and the price decline is hard to stop. Although the planned start-up of some refineries that were shut down in the early stage of the middle and late of this year will have a certain pulling effect on MTBE demand, on the one hand, the demand recovery speed is slow. Coupled with the huge drop in international oil prices, the demand of MTBE market has only a drop in the bucket.

3、 Future forecast

According to MTBE product analyst of energy branch of business news agency, the price of international crude oil market is running at a low level, and MTBE market operators have a relatively negative attitude towards the future market. It is expected that the price of MTBE market will decline in the near future.

1、 Market Overview

According to statistics, the price trend of domestic fluorite market this week increased slightly. The weekend price was 3400 yuan / ton, up 0.99% from 3366.67 yuan / ton at the beginning of the week, up 16.44% on a year-on-year basis. Recently, fluorite price continued to rise.

2、 Market analysis

Product: the price trend of domestic fluorite continues to rise this week. Recently, the supply of domestic fluorite is tight. Affected by the health events, some fluorite manufacturers have not resumed production temporarily, and the on-site operating rate is not high. In addition, the downstream hydrofluoric acid and refrigerant industries purchase fluorite on demand, the price of fluorite continues to rise, and the market price of fluorite has improved. By the end of the week, the price of 97 fluorite wet powder in Inner Mongolia was 3200-3400 yuan / ton, that of 97 fluorite wet powder in Fujian was 3300-3500 yuan / ton, that of 97 fluorite wet powder in Henan was 3300-3500 yuan / ton, that of 97 fluorite wet powder in Jiangxi was 3300-3600 yuan / ton, and that of domestic fluorite was in short supply and that of fluorite continued to rise.

Industry chain: the market price trend of hydrofluoric acid in the downstream of fluorite this week is temporarily stable. As of the end of the week, the ex factory price of hydrofluoric acid is 11500 yuan / ton. The price trend of hydrofluoric acid this week is flat. The high market price of hydrofluoric acid in the downstream is a good factor for fluorite market, and the price trend of domestic fluorite market is rising. In the near future, the transaction market of downstream refrigerants of the terminal is general. At present, the automobile industry is gradually back to work, the domestic R22 supply is normal, the market price trend of domestic refrigerants R22 is temporarily stable, the starting load of the manufacturer’s production device is still not high, the supply of goods in the market is general, the downstream air conditioning manufacturers stop more, the demand changes little, and the price mainstream of domestic large enterprises is 16500-18500 yuan / ton. The price trend of domestic R134a market is temporarily stable, and the unit operation rate of production enterprises remains low. At present, the downstream construction is not high, and the demand for R134a is general. At present, the supply of R134a in the market is normal, and the price remains stable, while the downstream purchase is still on demand, and the downstream market is general, and the price trend of hydrofluoric acid market is temporarily stable, which affects the price of fluorite to rise slightly.

Industry: the unit operating rate of fluorite industry is not high this week, the price trend of hydrofluoric acid is volatile, the spot supply of products in fluorite field is tight, and the market price of fluorite continues to rise.

3、 Future forecast

In the future, there are few domestic fluorite manufacturers to start their plants in the near future, and the market price trend of downstream hydrofluoric acid industry is volatile. In addition, some of the downstream refrigeration industry has not yet started. Chen Ling, an analyst of fluorite in the business agency, thinks that the price of fluorite may remain high in the later period, and the price may be around 3400 yuan / ton.

1、 Price trend:

On March 8, the hydrogenated benzene commodity index was 54.45, which was the same as yesterday, 46.62% lower than the highest point 102.01 (2014-01-09), and 22.19% higher than the lowest point 44.56 on August 31, 2015. (Note: cycle refers to 2013-12-01 to now).

2、 Market analysis:

Domestic market: this week, the start-up of hydrogenated benzene enterprises declined slightly, the situation of manufacturers’ delivery was general, the pressure of enterprises was large, and the start-up rate was about 50%. As of Friday, the market price of hydrobenzene in Shandong Province was about 4800 yuan / ton, with a slight decline in price. At present, the cost pressure of hydrogenated benzene enterprises is large, and the delivery situation is general. The price of downstream styrene aniline and other products was lowered, and the shipment was average.

Industry chain: crude oil: OPEC pushed forward production reduction at the beginning of the week, and oil prices rose in a downward trend. But later, it was reported that Russia still had differences, market concerns increased, and oil prices fell. Compared with February 28, Brent increased by 2.01% and WTI by 2.49%. Compared with the beginning of the year, Brent fell by 22.86% and WTI by 24.21%. Pure benzene: the focus of this week’s pure benzene negotiation is weak. On Tuesday, Sinopec reduced the price of pure benzene by 200 yuan / ton to 5150 yuan / ton. Northern region, the early price clearance, inventory pressure is now reduced, the market began to rise. Downstream: downstream styrene fell in shock. Friday’s price was 6600 yuan / ton, down 1.49% from last week. In order to promote the shipment of aniline, the price was lowered. The price in Shandong was 6700 yuan / ton, and that in Nanjing was 6900 yuan / ton.

3、 Trend Forecast:

The impact of social public events in foreign countries is still large, and there are still uncertain factors in the promotion of OPEC production reduction, so the rebound momentum is small. In terms of pure benzene, the price in East China is under pressure. There is still downward space for pure benzene. The downstream sales situation is general. Some units in Shandong still have no start-up plan, and the price of hydrogenated benzene is expected to be stable.

1、 Price trend

According to the data monitoring of business agency, the average price of LNG on February 1 was 3090 yuan / ton, and the average price at the end of the month (29 days) was 3053.33 yuan / ton, down 1.19% in the month, 30.71% compared with the same period last year. On March 5, the LNG commodity index was 75.67, up 0.25 points from yesterday, down 63.79% from 208.96 (2017-12-25), the highest point in the cycle, and up 9.91% from 68.85, the lowest point on October 7, 2019. (Note: cycle refers to 2012-09-01 to now)

2、 Analysis of influencing factors

Products: as of March 5, the LNG price of Inner Mongolia Erdos Xingxing Energy Co., Ltd. was 3100 yuan / ton, Inner Mongolia etokeqian banner Shitai Natural Gas Co., Ltd. was 3030 yuan / ton, Shaanxi Lvyuan Natural Gas Co., Ltd. Zizhou LNG plant was 3130 yuan / ton, Xinjiang Guanghui naomao Lake (east of Lanzhou) was 2320 yuan / ton Right, the LNG price of Shanxi Qinshui Xinao is 3370 yuan / ton, and the LNG price of Shaanxi Zhongyuan green energy natural gas Co., Ltd. is 3080 yuan / ton. The price of liquid in various regions is up and down.

Market analysis: in February, the trend of LNG rose and fell, and the overall trend was up and down. Since February, the trend of LNG has been poor, falling continuously. Affected by public health events, most of the downstream plants are delayed to start, traffic control is strict, some of the liquid plants are in a state of wait-and-see, and the price of liquid continues to decline. Since the middle of February, all regions began to resume work one after another, with a certain increase in demand, but still weak. Affected by poor shipment, LNG plants have increased liquid level, LNG plants are actively discharging, market breadth is falling, and the low level is stuck. From 0:00 on February 17 to the end of the prevention and control work, toll roads across the country are free of vehicle tolls, and LNG transportation conditions are improved. Most regions in China have cancelled the prevention and control stations set on high-speed toll stations and national and provincial trunk roads since 0:00 on February 21-24, respectively, and many traffic has been recovered, which is conducive to the shipment of LNG manufacturers. The start-up of the liquid plant has been resumed one after another, the operating rate has increased, the LNG plant has actively discharged the storage, the shipment situation has improved, and the prices in some regions have been rising continuously. From 17th to 24th, it rose 6.33% in a row, bringing a short-term market. Near the end of the month, with the sharp decline of crude oil and liquefied gas market, there is a certain impact on LNG. In addition, with the increase of start-up of manufacturers, the production is gradually increasing, and the supply of goods is sufficient. After the price is raised in the early stage, the volume of transactions is not as expected, and the inventory is increasing. The liquid plants follow the market, and successively reduce the prices. At the end of the month, LNG prices end in a decline.

Industry: according to the price monitoring of the business association, there are three kinds of commodities in the rise and fall list of bulk commodity prices in February 2020, among which one is more than 5%, accounting for 6.3% of the monitored commodities in the energy sector; the top three commodities are petroleum coke (26.38%), dynamic coal (2.09%) and coking coal (0.79%). There are 12 kinds of commodities falling on a month on month basis, and 7 kinds of commodities falling by more than 5%, accounting for 43.8% of the number of commodities monitored in the sector; the top three products falling are liquefied gas (- 15.59%), MTBE (- 15.56%), dimethyl ether (- 10.08%). This month’s average rise and fall was – 3.68%.

3、 Future forecast

According to the LNG analysts of the business association, in March, the LNG market showed a mixed situation, with some liquid prices in the North rising slightly and those in the South falling. At present, the competition between land and sea is encouraging. Under the impact of imported low-cost gas, domestic gas is afraid of insufficient power to rise. It is expected that the market will mainly consolidate in the short term.

1、 Market price trend of POM

Price curve of POM

According to the monitoring of the business agency, the average price of polyformaldehyde (96) in Shandong this week is 4600 yuan / ton, which is stable.

2、 Market analysis

Products: Shandong aldehyde Chemical Industry Co., Ltd. has an annual output of 30000 tons of POM, and the ex factory quotation of POM (96) is 4600 yuan / ton, which is the same as last week. Linyi Shengyang Chemical Co., Ltd. has an annual output of 9000 tons of POM, and the ex factory quotation of POM (96) is 4500 yuan / ton, which is the same as last week. Zibo Qixing Chemical Technology Co., Ltd. has an annual output of 10000 tons of POM, and the ex factory quotation of POM (96) is 4700 yuan / ton, which is the same as last week. The downstream market demand of POM is still weak and stable.

Industry chain: according to the price monitoring of the upstream methanol, the domestic methanol market is in a narrow range. As of February 26, the average price of the domestic methanol market is 2022 yuan / ton. Compared with the same period last month, the price fell by 9.81% month on month and 15.38% year on year. At present, the methanol market has been adjusted in a narrow range.

3、 Future forecast

According to the analysis of POM in the business association, the downstream market demand of POM is light and stable, and POM may adjust its weakness.

On March 1, the PX commodity index was 50.40, the same as yesterday, down 50.78% from 102.40 (2013-02-28), the highest point in the cycle, and up 10.65% from 45.55, the lowest point on February 15, 2016. (Note: cycle refers to 2013-02-01 to now).

According to statistics, the market price trend of p-xylene in China has declined slightly, the operation of new 600000 ton plant in Hongrun is stable, the operation of petrochemical plant in Pengzhou is stable, 50% of petrochemical plant in Urumqi has been started, one line of aromatics plant in Fuhai Chuang has been started, CNOOC Huizhou refining and chemical plant has been overhauled, the PX plant in Hengli Petrochemical has been put into operation, the operation of other units is stable temporarily, and the domestic p-xylene plant has been opened The working rate is about 70%, the domestic market supply of p-xylene is normal, but the recent trend of crude oil price falls, and the market price of p-xylene is affected. The operating rate of PX plant in Asia is about 80%. On February 28, the closing price of PX market in Asia dropped by 19 US dollars / ton, and the closing price was 667-669 US dollars / ton fob in South Korea and 687-689 US dollars / ton CFR in China. More than 40% of PX in China needs to be imported. The decline of external price has a certain positive impact on the market price of PX in China, and the market price trend of PX dropped.

WTI crude oil futures market in the U.S. continued the previous four trading days. The price continued to fall, with a large drop. The main contract was 44.76 yuan / barrel, down $2.44. Brent crude oil futures market price also continued to fall sharply, with the main contract at $49.67/barrel, down $2.06. The decline of crude oil price was negative for domestic chemical products price, and the trend of domestic p-xylene price fell.

In terms of PTA in the lower reaches, the price has been slightly reduced to 4200-4300 yuan / ton in the near future, but due to seasonal and epidemic impact, PTA social inventory has increased sharply. It is understood that the current social inventory has exceeded 2 million tons, an increase of about 500000 tons compared with that before the festival. In recent days, the market is worried again, and the PTA period price has begun to be explored twice. At present, the terminal weaving enterprises return to work less than expected, and the inventory pressure is transmitted to all links of the industry chain from the bottom to the top. The contradiction between PTA supply and demand is more prominent. In the later stage, it will still present a weak pattern, and the downstream construction is generally delayed. In addition, PTA supply remains relatively resilient, so that the market accumulation exceeds expectations, and PTA market price returns The price trend of p-xylene declined.

In recent years, the trend of crude oil price continues to decline, which has a certain negative impact on the xylene market. In addition, the downstream demand of the terminal has not improved significantly. Business analysts believe that PX market price may be slightly lower.

1、 Price trend:

On February 28, the hydrogenated benzene commodity index was 56.66, unchanged from yesterday, down 44.46% from 102.01 (2014-01-09), the highest point in the cycle, and up 27.15% from 44.56, the lowest point on August 31, 2015. (Note: cycle refers to 2013-12-01 to now).

2、 Market analysis:

Domestic market: this week, the start-up of hydrogenated benzene enterprises gradually recovered, the overall operating rate increased by about 10%, the crude oil and pure benzene external market fell sharply, Sinopec’s pure benzene listing price decreased to 5350 yuan / ton, and the hydrogenated benzene market fell by about 50 yuan / ton this week, as of Friday, the market price of hydrogenated benzene in Shandong region was about 4925 yuan / ton, and the price fell slightly. The start-up of downstream styrene and aniline is still at a relatively low level in the near future, and some styrene units are still planned to be shut down for maintenance in the middle and late March. In the short term, they are basically faced with market difficulties, which is conducive to supporting the overall demand of downstream enterprises. At present, the cost pressure of hydrogenation benzene enterprises is large, and the delivery situation is general.

Industry chain: in terms of crude oil: this week, the crude oil changed the form of continuous increase last week, falling for four consecutive days, and WTI fell to the lowest point of this year. The spread of the epidemic in many countries has led to increased market worries and a pressure drop in oil prices. Brent was down 10.76% and WTI was down 11.41% compared with February 21.. Pure benzene: this week, the trading atmosphere of pure benzene was weak, crude oil and external market fell, and the support under pure benzene was insufficient. The lack of downstream shipping power and inventory accumulation further worsened the confidence of pure benzene market participants. On Wednesday, Sinopec cut the price of pure benzene by 150 yuan / ton to 5350 yuan / ton. Downstream: demand for downstream styrene is not strong, and inventory pressure is high. Friday’s price is 6700 yuan / ton, up 1.01% from last week.

3、 Trend Forecast:

At present, the pressure of hydrogenation benzene enterprises is prominent, the external market of pure benzene continues to decline, the downstream construction cannot be recovered in a short time, and it is expected that the hydrogenation benzene market will remain weak and stagnant.

1、 Price trend

According to the data of the bulk list of business agencies, the market of PA66 in the second half of February was stable and slightly changed, with a narrow adjustment. As of Friday, February 25, the average price of the mainstream offer of PA66 is about 22500.00 yuan / ton, down 1.10% from the average price at the end of the second week in February.

Analysis of influencing factors:

The market of adipic acid in the upper reaches of PA66 has been stable in the near future. The price of domestic adipic acid has not changed much. There are still few dealers in the market. Many dealers are subject to transportation difficulties, the inventory is difficult to digest, and the time for many places to return to work is delayed. At present, the manufacturer’s operating rate is stable, slightly higher than last week, and the manufacturer’s inventory pressure is on the rise. The situation of dealers returning to work is not ideal, especially for small and medium-sized traders. The market shows whether there is a price or not. The price is more flat than last week. Many dealers do not offer prices temporarily, and some prices are slightly loose. There are many large factories returning to work, but the operating rate is still not up to the level before the festival. The dealers’ inventory is mostly pre Festival reserve. At the beginning of the week, the dealers’ procurement is rational, most of them are only out of the market, and the social inventory has a downward trend compared with the manufacturers’ inventory. It is expected that as more dealers return to work in large areas, the market demand for adipic acid is expected to pick up periodically, and the price is expected to rebound, but the strength of the increase needs to be further observed; this week, the domestic PA66 market is still relatively cold, and the market is narrow. On the supply side, the logistics resistance is still large, due to the impact of the auto outage, there are few spot transactions. The improvement of the downstream plant operating rate is very limited. There is still no news about the resumption of work in Wuhan, where the production of automobile enterprises is relatively concentrated. The downstream demand is passively reduced, and PA66 maintains an embarrassing market situation similar to that with price and no market. There was little trading atmosphere and trading news on the floor.

Future forecast:

Business analysts believe that: in the second half of February, the market of PA66 in China was stable. The dealers of adipic acid producers in the upstream did not improve after resumption of work, the price was stable, and the cost support for PA66 was limited. The situation of downstream factories returning to work is complex, there is no stock or less stock, and the improvement of demand is very limited. The market atmosphere is cold, there is no market with price, and the operation space is small. It is expected that if PA66 transactions are to be active in the near future, it will be necessary to wait until the domestic resumption of work and logistics situation improve.