On May 29, the hydrobenzene commodity index was 98.10, unchanged from yesterday, down 3.83% from the highest point of 102.01 in the cycle (2014-01-09), and up 227.11% from the lowest point of 29.99 on April 7, 2020. (Note: the period refers to the period from December 1, 2013 to now).

Summary of Sinopec pure benzene price adjustment (unit: yuan / ton)

Date, Adjusted price, Adjustment amount

May 5, 8850.,+100

May 7, 8950.,+100

May 13, 9100.,+150

May 17, 9200.,+100

May 19, 9300.,+100

Sinopec raised the ex factory price of pure benzene. On May 19, 2022, the listing price of Sinopec pure benzene was raised by 100 yuan / ton, and 9300 yuan / ton was implemented. In May, 2022, Sinopec’s pure benzene was increased 5 times, with a cumulative increase of 450 yuan / ton.

Other enterprises: HSBC Petrochemical offers 9350 yuan / ton, Weilian chemical offers 9003 yuan / ton, Xinhai Petrochemical offers 9000 yuan / ton, and Hongrun Petrochemical offers 9050 yuan / ton.

In terms of crude oil, the overall oil price rose by a wide margin this month, with a monthly increase of more than 9.7%. On May 27, the price of international crude oil futures rose again. The settlement price of the main contract of WTI crude oil futures in the United States was US $115.07/barrel, up US $0.86 or 0.9%; The settlement price of the main contract of Brent crude oil futures was US $115.56/barrel, up US $1.39 or 1.22%. With the arrival of the peak driving season in the US in summer, the demand expectation has boosted the oil price. In addition, the EU has launched negotiations on whether to completely ban the import of Russian oil.

In May, 2022, the hydrobenzene market fluctuated upward. The ex factory price in North China was 8550 yuan / ton at the beginning of the month and 8887.5 yuan / ton at the end of the month, with a monthly increase of 3.95%.

Domestic market price of main hydrogenated benzene (unit: yuan / ton)

Market, Price on May 5, Price on May 30, Up and down

East China, 8800～8900., 9000～9100.,+ two hundred

Shandong region, 8600～8700., 8700～8800.,+ one hundred

In the first ten days of this month, the price of hydrogenated benzene went up all the way. Due to the overall rise in the price of basic crude oil, the rise in the external price of pure benzene boosted the market mentality. The price of pure benzene went up all the way. Sinopec raised the ex factory price of pure benzene this month, which once again boosted the market. At present, the inventory of pure benzene in East China has declined significantly, and the overall support of the market is strong. However, Shandong was dragged down by poor downstream demand. Although the price rose positively this week, there was still a certain price difference with East China, and the actual transaction was weak. At present, the mainstream price of pure benzene in China is 9000-9350 yuan / ton, and the price of hydrogenated benzene fluctuates with that of pure benzene. At present, the market price of hydrogenated benzene in East China is about 9000-9100 yuan / ton. At the end of the month, affected by the loss of downstream commodity profits, some units were shut down to limit production, the overall demand in the plant slowed down, and the price of hydrogenated benzene fell slightly by about 100 yuan / ton, but the overall operation remained high.

In the future, the business news agency believes that pure benzene and crude oil are still at a high level, crude oil prices continue to rise, and the price of pure benzene in Asia has a certain correction, but the overall price is still at a high level. The regional price difference of domestic pure benzene is obvious. East China has been actively de stocking. Supported by the high external price, the current market price of pure benzene in East China remains high. The fundamental support is obvious, but at present, the downstream resistance is strong, the downstream profits are tightened, and the purchasing enthusiasm slows down. It is expected that the hydrobenzene market in the future will remain high and volatile in the short term, with some room for decline. In the future, we will focus on the impact of fundamental news such as pure benzene and crude oil on the market mentality and downstream demand.

1、 Price trend

According to the monitoring data of the business agency, the price of soda ash rose this month. At the beginning of the month, the average market price of light soda ash was about 2687.5 yuan / ton, and at the end of the month, the average market price was about 2850 yuan / ton, with a price increase of 6.05%, an increase of 62.86% over the same period last year. On May 30, the commodity index of light soda ash was 146.15, unchanged from yesterday, down 22.71% from the highest point of 189.10 in the cycle (2021-11-07), and up 131.43% from the lowest point of 63.15 on November 18, 2015. (Note: the period refers to the period from September 1, 2011 to now)

2、 Market analysis

According to the monitoring data of the business agency, the price of soda ash is strong this month. At present, the mainstream market price of light soda ash in East China is about 2850-2950 yuan / ton. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2800-3000 yuan / ton. In this month, the soda ash market was strong, the trading atmosphere was acceptable, the enterprise’s order receiving was acceptable, and the price was mainly supported.

On the demand side: according to the monitoring of the business agency, the glass price fell this month. The average price of glass at the beginning of the month was 24.52 yuan / square meter, and the average price at the end of the month was 22.78 yuan / square meter. The price fell by 7.1%. The overall market trading situation in the East China market is general, and the market price is slightly lowered. The overall production and sales in Central China are average, and the downstream is more wait-and-see. Replenishment is mainly on demand, and the inventory increases slowly. The spot trading of glass in South China is general, the market price is mainly stable, the trading is light, and the downstream purchasing enthusiasm is not high, so stay on the sidelines. The shipment in Southwest China slowed down, the downstream purchased on demand, and the production and sales were average. The glass market trend in Northwest China is general, the glass transaction is flexible, and the demand is weak. The market trend in Northeast China is general, the downstream orders are general, the shipment slows down, and the inventory increases.

According to the price monitoring of the business community, in the 21st week of 2022 (5.23-5.27), there was one rising commodity, two falling commodities, and two rising and falling commodities in the list of chlor alkali industry prices. The main commodities rising are: light soda ash (2.15%); The main commodities falling were PVC (-2.28%) and caustic soda (-1.73%). The average rise and fall this week was -0.37%.

According to the analysts of the business club, according to the monitoring data of the business club, the price of soda ash has been raised and the market trading atmosphere is stable. The downstream is still purchasing on demand, and has a mentality of resistance to high priced soda ash. Based on the game between supply and demand, it is comprehensively estimated that soda ash will mainly operate at a price, depending on the downstream market demand.

According to the data monitored by the business club, the PP market fluctuated in May, and the spot ex factory price of wire drawing brand rose first and then fell. As of May 31, the mainstream offer price of T30S (wire drawing) from domestic manufacturers and traders was about 8733.33 yuan / ton, up or down -0.30% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: in the upstream, the domestic propylene (Shandong) market rose first and then declined in May, and the overall market fell. International crude oil continued to rise under the influence of geopolitics, and propylene rose as a whole under the cost transmission. After that, the new unit was put into operation and the enterprise resumed work one after another. The market supply was loose, the price competition among enterprises was intensified, and the downward pressure was increased. During the month, the downstream factories were generally enthusiastic about entering the market for procurement, and the overall demand for propylene was weak. It is expected that the propylene market will be weak and volatile in June.

Propylene price gradually weakened, crude oil continued to run stronger, and the support on PP cost side weakened in May. In terms of industrial load, the operating rate of PP polymerization enterprises increased at the beginning of the month and decreased in the last ten days of the month. At the end of the month, PP inventory showed a downward trend month on month, and the supply pressure was slightly relieved. In terms of demand, downstream factories follow up slowly, buyers are more resistant to high price supply, and the market trading is light. At the end of the month, traders’ shipments tended to give way to profits, and the market gradually got out of the bearish mood and returned to the fundamental dominant market. The start-up of terminal enterprises rose in a narrow range, coupled with the long-term support of upstream crude oil at the far end, it is expected that the spot market of PP wire drawing material may maintain a range shock operation.

In terms of fiber materials, according to the data monitored by the business society, as of May 31, the spot price of domestic fiber PP fell by a narrow margin. The mainstream offer price of Z30S (fiber) from domestic producers and traders was about 8833.33 yuan / ton, up or down -0.93% compared with the average price at the beginning of the month, with a year-on-year increase of +1.92%. In this month, the start-up of the main downstream non-woven fabric enterprises of PP fiber material was reduced by a narrow margin. The products of the end enterprises were in the off-season, so they took goods to maintain production, and the support of the rigid demand was weakened. The health incident affected shipments in some regions, increased transportation resistance, and put pressure on enterprise inventory. The supply side is abundant, and the demand for medical fiber products is cooling down. It is expected that the fiber will be subject to shock finishing and operation in the short term.

In terms of melt blown materials, the melt blown PP market fell in May. As of May 31, the average quotation of domestic melt blown material sample enterprises monitored by the business agency was about 9766.67 yuan / ton, up or down by -5.18% compared with the average price at the beginning of the month. In terms of international health events, the current situation in various countries is still not optimistic. The number of confirmed cases in China gradually decreased in May, and the epidemic prevention pressure eased. At the same time, medical meltblown cloth materials entered the off-season of consumption, and the demand decreased. The supply of melt blown materials in the market is sufficient, and the saturation of domestic melt blown materials and cloth enterprises is high. Together with the shipping resistance, it puts pressure on the spot price. It is expected that the recent market of melt blown PP may remain weak.

Aftermarket forecast

According to PP analysts of business agency, the domestic polypropylene market fluctuated in May, the raw material propylene market fell, the international crude oil was at a high level, and the cost support was weakened. The demand of terminal enterprises is slowly expanding, and the on-site trading has slightly recovered at the end of the critical month. The mentality of the merchants is general, and the offer is subject to the market. The freight flow in some regions is not ideal, and the market gradually returns to the basic guidance. It is expected that the PP market may maintain a narrow adjustment in the near future.

1、 Price trend

According to the monitoring data of business agency, on May 1, the average ex factory price of domestic chlorinated paraffin 52 was 6687 yuan / ton, and on May 31, the average ex factory price of domestic chlorinated paraffin 52 was 6566 yuan / ton. This month, the price of chlorinated paraffin fell by 1.81%.

2、 Market analysis

The price of chlorinated paraffin fell this month. In the first half of May, the price of chlorinated paraffin remained stable. The raw material market fluctuated slightly, and the cost support was acceptable. Affected by the epidemic, some enterprises shut down their units and the supply of chlorinated paraffin decreased. The downstream demand is weak, and the on-site trading is cold. In the second half of May, the price of chlorinated paraffin began to decline step by step. Due to the epidemic, the operating rate of enterprises has decreased and the downstream demand is poor. Raw material prices fell and cost support weakened. The trend of chlorinated paraffin is mainly downward. As of May 31, the ex factory quotation of chlorinated paraffin 52 in Anhui was about 7000 yuan / ton, that in Northeast China was about 6500 yuan / ton, and that in Shandong was about 6350 yuan / ton.

In terms of raw liquid wax, in April, the price of liquid wax rose first and then declined, and then rose again, following the fluctuation of crude oil price. The market trading was acceptable, and the demand side changed from strong to weak. In terms of raw liquid chlorine, in April, the price of liquid chlorine first rose and then fell, with both rises and falls. In the first half of April, the price of liquid chlorine in North China continued to rise, and the transaction was good. In the second half of April, liquid chlorine began to descend.

3、 Aftermarket forecast

According to the chlorinated paraffin analyst of business agency, at present, the chlorinated paraffin raw materials fluctuate within the range affected by crude oil, and the cost support is acceptable. The demand side remained depressed, the operating rate of chlorinated paraffin decreased, and new orders were limited. It is expected that the weak and stable operation of chlorinated paraffins will prevail in the short term.

In May, the high range of oil price fluctuated under the game between the expectation of supply tightening and the economic downside risk brought by the Fed’s interest rate hike to the market. According to the monitoring of business agency, WTI crude oil rose by 9.53% and Brent crude oil rose by 7.90% on a monthly basis.

At the end of the month, crude oil started upward again. On May 30, Brent oil price broke through $120, hitting a new high in nearly three months. The main reason is that the European Union once again held consultations on the Russian oil embargo, which further exacerbated the expectation of tight supply. At the same time, the arrival of the peak driving season in North America in summer, as well as the improvement of the epidemic situation in China, and the gradual relaxation of restrictive measures, have also enhanced the prospects for demand recovery.

Where will the oil price go when it reaches a relative high?

Tight remote supply Russian oil supply will continue to decline

The European Union has implemented the sixth round of sanctions against Russia. This time, it still focuses on the issue of Russian oil embargo. On May 30, Charles Michel, President of the European Council, said on social media that the EU had reached a consensus on the implementation of the oil embargo against Russia, which “will immediately cover two-thirds of the oil imported by the EU from Russia”, aiming to cut off Russia’s huge energy income to exert pressure. Once the news was released, the oil price quickly rose above $120. However, it is still necessary to observe the implementation of the agreement in the later stage, especially the different voices within the EU, including Hungary, and some member states’ heavy dependence on Russian crude oil. The real implementation of the agreement remains to be verified. In particular, the details of this Agreement have also exposed some problems. For example, it is mainly aimed at maritime transportation, while pipeline transportation is exempted. On the whole, however, Russian oil exports will still have an impact in the future.

It is difficult for OPEC and its allies (opec+) to bring about supply increase

Despite the hope that it has been calling for opec+ to increase production, its recent position is still negative for increasing production. Oepc+ will hold a meeting on Thursday (June 2). The previous rumors have continued the tightening of supply and supported the oil price. According to sources, they will maintain the current moderate production increase plan and increase production by 430000 barrels per day in July. In addition, with the gradual increase of opec+ production, some oil producing countries cannot complete the production increase quota, and the output that can be released in the future is also very limited. This will be good for oil supply in the medium and long term.

European and American driving season starts & China’s restrictive measures are gradually lifted, and the demand is significantly boosted

Traditionally, the peak driving season in the United States begins on Memorial Day at the end of May and ends on Labor Day in September. Although some people worry that soaring fuel prices may weaken demand, there are now signs that although gasoline prices in the United States continue to rise, they have not affected American people’s driving. According to gasbuddy, gasoline demand in the United States on Saturday and Sunday increased by 0.5% over the previous week, 1.2% higher than the average level in the past four weeks. According to the latest data from the American Automobile Association, as of Monday, the average retail price of gasoline in the United States had reached $4.619 per gallon. This level is higher than $4.178 a month ago and about 52% higher than a year ago. The US driving season and strong travel demand are expected to boost oil prices. As supply growth lags behind demand growth, the oil market may continue to show that demand exceeds supply. Therefore, the medium-term oil price will remain optimistic.

In addition, with the gradual improvement of the epidemic situation in China, restrictive measures have been lifted in various places, including the gradual resumption of work and production in Shanghai. The pent up demand has been released to a certain extent. Oil demand in Asia will resume growth.

The fall of US dollar index drives up the oil price valuation

At the macro level, the pressure from inflation in Europe and the United States will continue in the future. The CPI of the United States rose by 8.3% year-on-year in April, showing a marginal peak. Pressure from the Federal Reserve to raise interest rates aggressively has eased slightly. At the same time, the fall of the US dollar index also fully illustrates this point. As of May 30, the US dollar index fell for two weeks, hitting a new low of 101.26 in more than a month, indicating that the pressure on the US dollar to return has been reduced. At the same time, the expectation of the Federal Reserve to slow down and tighten policy has also led to higher market investment risk appetite. While the stock market rebounded, oil prices were also pulled higher.

Outlook

According to the crude oil analysts of the business agency, in the short term, the supply and demand of crude oil are all positive, and the oil price will face increasing pressure for upward breakthrough in the future. In the medium and long term, the EU’s oil embargo against Russia is gradually advancing, and crude oil is still facing the risk of supply shortage. However, there are also some variables on the demand side, especially after the end of the driving season in Europe and the United States, when the inflation pressure is still difficult to ease, the process of the Federal Reserve raising interest rates will suppress demand. On the whole, the supply and demand of crude oil will remain in tight balance in the future. With regard to oil prices, there has been peak pressure in the near future, but it is still an upward trend in the long run.

According to the data monitored by the business club, as of May 31, the average price of domestic industrial grade superior product cyclohexane was 9133.33 yuan / ton. The price in May was mainly stable, down 0.36% compared with the same period last month. The price fluctuation was not obvious. The quotation range of mainstream manufacturers was 9100 yuan / ton, mainly maintaining stable operation. The focus of negotiation was stable, the supply side was normal, and the downstream procurement atmosphere was general.

In the first ten days of May, the average price of domestic industrial grade high-quality product cyclohexane was 9533.33 yuan / ton, and the quotation range of mainstream manufacturers remained about 9100 yuan / ton. The overall market supply and demand of cyclohexane was balanced. The downstream just needed to purchase, the focus of negotiation was stable, and the supply side was normal. The latest price of the enterprise was: yuan / ton, 9200 yuan / ton for Shandong yizhongxin New Material Co., Ltd., and 10500 yuan / ton for Jinan aochen Chemical Co., Ltd, Wuhan Jixin Yibang Biotechnology Co., Ltd. is 9200 yuan / ton, and Nantong Runfeng Petrochemical Co., Ltd. is 9200 yuan / ton. Upstream pure benzene: as of May 6, the price of pure benzene continued to rise after the festival. On April 29, the price of pure benzene was 8450-8700 yuan / ton (the average price was 8590 yuan / ton). On Friday (May 6), the price of pure benzene was 8650-8900 yuan / ton (the average price was 8750 yuan / ton). The average price was 160 yuan / ton higher than last week, or 1.86%, or 18.08% higher than the same period last year.

In the middle of May, the cyclohexane market still operated stably, and the price fluctuated slightly. The average price of domestic industrial grade high-class cyclohexane was 9133.33 yuan / ton, and the quotation range of mainstream manufacturers remained about 9100 yuan / ton. The overall market supply and demand of cyclohexane was balanced. The downstream just needed to purchase, the focus of negotiation was stable, and the supply side was normal. The latest price of the enterprise: Pande (Shanghai) International Trade Co., Ltd. was 9200 yuan / ton, Nanjing Runsheng Petrochemical Co., Ltd., Shandong Zhiying New Material Co., Ltd., Nantong Runfeng Petrochemical Co., Ltd. and Wuhan Jixin Yibang Biotechnology Co., Ltd. were 9200 yuan / ton, 9200 yuan / ton, and the upstream pure benzene was recalled at a high level. As of April 11, the pure benzene Market in Shandong was negotiated lightly, the enterprise shipment was poor, and the price was reduced.

In late May, the average price of domestic industrial grade high-quality product cyclohexane was 9133.33 yuan / ton, and the quotation range of mainstream manufacturers remained about 9200 yuan / ton. The overall market supply and demand of cyclohexane was balanced. The downstream just needed to purchase, the focus of negotiation was stable, and the supply side was normal. The latest prices of enterprises: 9500 yuan / ton for Shanghai Likai Chemical Technology Co., Ltd., 9200 yuan / ton for Shandong Zhiying new materials Co., Ltd., and 9200 yuan / ton for Pande (Shanghai) International Trade Co., Ltd, Jiangsu Leien Environmental Protection Technology Co., Ltd. was 9200 yuan / ton, Wuhan Jixin Yibang Biotechnology Co., Ltd. was 9200 yuan / ton, and the upstream pure benzene: on May 20, the price of pure benzene was 8800-9350 yuan / ton (the average price was 9067.17 yuan / ton), the average price was 2.26% higher than last week, 10.71% higher than the same period last year, and the price of pure benzene fluctuated this week.

Chemical industry index: on May 30, the chemical industry index was 1203 points, increased by 2 points compared with yesterday, decreased by 14.07% compared with the highest point of 1400 points in the cycle (2021-10-23), and increased by 101.17% compared with the lowest point of 598 points on April 8, 2020. (Note: the period refers to 2011-12-01 to now).

According to the cyclohexane analyst of business agency, it is expected that the cyclohexane market will operate in a narrow range in the short term, and the current mainstream price range is about 9100-9500 yuan / ton. (if you want to get more commodity information and master commodity prices, you are welcome to subscribe to the commodities of the business club through the official account of the business club. The market is an opportunity).

DBP prices rose in May due to volatility

According to the data monitoring of the business club, the DBP price rose violently in May, and the overall DBP market recovered. As of May 30, the price of DBP was 10350 yuan / ton, up 2.99% from 10050 yuan / ton on May 1 at the beginning of the month. In May, the cost of DBP raw materials supported greatly, and the plasticizer market surged.

The price of n-butanol rose violently in May

According to the price monitoring of the business club, the price of n-butanol rose violently in May, and the market of n-butanol rebounded. On May 30, the price of n-butanol was 10233.33 yuan / ton, up 11.64% from 9166.67 yuan / ton on May 1 at the beginning of the month. In May, the transaction of n-butanol rose. The price of n-butanol in Shandong rose in shock, and the cost of DBP rose. The driving force for DBP to rise was large. Recently, the high price of n-butanol has stabilized, and the driving force for DBP to rise has weakened.

In May, the price of phthalic anhydride stopped falling and rose

According to the price monitoring of the business club, the price of phthalic anhydride first fell and then rose in May, and has rebounded since the bottom of the phthalic anhydride market on May 16. As of May 30, the price of phthalic anhydride was 8175 yuan / ton, up 0.46% from 8137.50 yuan / ton on May 1. In May, the price of phthalic anhydride raw material o-xylene rose sharply, the cost of phthalic anhydride rose, the price of phthalic anhydride rose, the cost of DBP raw material rose, and the cost of DBP supported greatly. Recently, the price of phthalic anhydride stabilized, and the driving force for DBP rise remained.

Aftermarket expectation

According to the DBP data analyst of business agency, in terms of raw materials, the price of n-butanol rose in May, the price of phthalic anhydride stopped falling and recovered, the cost of plasticizer DBP rose, and the price of DBP rose in May. In the future, the demand for DBP recovers slowly. Recently, the high price of raw materials n-butanol and phthalic anhydride has stabilized, and the high cost of DBP has stabilized. There is still great upward momentum in the downward pressure of DBP. It is expected that the price of DBP will be adjusted at a high level in the future.

1、 Price trend

According to the monitoring data of business news agency, the average price of domestic LNG on May 27 was 6640 yuan / ton, down 0.95% from the price of 6704 yuan / ton at the beginning of the week, and up 90.08% compared with the same period last year.

2、 Analysis of influencing factors

The domestic LNG market price fell slightly this week, about 1% in the week. Since the beginning of the week, the domestic liquid price has been reduced frequently. Supported by the cost and the maintenance of liquid factories in some regions, the supply side is good, and the domestic liquid price has not dropped much. Near the weekend, the high-speed traffic restriction in Sichuan has boosted the tentative increase of liquid price in some regions, and the market has both ups and downs. However, the overall market is still weak. The domestic liquid factories are actively shipping, and the offer of cargo holders is lower for good. As of May 27, 6570-6700 yuan / ton in Inner Mongolia, 6680-6790 yuan / ton in Shaanxi, 6750-6800 yuan / ton in Shanxi, 6680-6730 yuan / ton in Ningxia, 6780-7000 yuan / ton in Hebei and 6850-7200 yuan / ton in Henan. The terminal price is about 7350-8900 yuan / ton. The spot CIF price of LNG in China was USD 23.10/million British thermal power, and the price was lowered.

According to the weekly increase and decrease from February 28, 2022 to May 22, 2022, the domestic liquefied natural gas showed mixed gains and losses in the cycle. It fell by 14.08% in the week of February 28. It began to fluctuate in a narrow range since March, and entered the downward trend in May.

Methanol: on May 27, the reference price of methanol was 2620.00, a decrease of 4.55% compared with May 1 (2745.00), and the raw coal price and oil price were strong. The downstream Tianjin Bohai Chemical MTO is expected to be put into operation. At present, the supply side is relatively abundant. Under the current situation, the supply and demand game, predicted by fantinglu, methanol analyst of the business club, is dominated by the short-term domestic methanol market or shock consolidation.

Liquid ammonia: on May 27, the liquid ammonia Market in Shandong stabilized. Today, the prices of some large manufacturers rebounded slightly, with a range of about 50 yuan. The dealer offered tentative high price. At present, the market price is still at a relatively high level. As the supply in the region increases, the supply performance is abundant. However, the lower reaches are generally resistant to high priced raw materials, and transactions need to be maintained. Today, the mainstream price in the region is 5100-5250 yuan / ton. It is expected that the market will run at a high level in the near future.

3、 Aftermarket forecast

According to the LNG analysts of business agency, the current off-season market affects demand, and the downstream purchasing enthusiasm is not high. However, the Dragon Boat Festival is approaching, which brings a little vitality to the domestic LNG market. It is expected that the short-term price will fluctuate in a narrow range.

According to the monitoring data of the business club, as of May 26, 2022, the average ex factory price of domestic industrial grade propylene glycol was 12733 yuan / ton. Compared with the price on May 1, 2022 (the ex factory reference price of propylene glycol was 11300 yuan / ton), the average price increased by 1433 yuan / ton, or 12.68%.

It can be seen from the data monitoring chart of business agency that in May, the domestic propylene glycol market showed an overall upward trend. In early May, after the labor day, the propylene glycol market was still in a weak downward channel, and the downstream demand was generally boosted after the labor day. The wait-and-see was strong. On the 10th, the ex factory price of domestic propylene glycol was around 11116 yuan / ton, a decrease of 1.62% compared with the beginning of the month. The rise of propylene glycol market mostly comes from the late may stage. With the increase of propylene glycol foreign trade orders and the improvement of export atmosphere, the factory has performed well in going to the warehouse, the confidence of operators has increased, and the offer price of propylene glycol factory has been rising continuously. As of the 26th, the cumulative increase range of domestic propylene glycol is around 1300-1800 yuan / ton, and the ex factory price has risen to around 12600-13000 yuan / ton, with an increase of more than 12% in the month. At present, the domestic propylene glycol market is mainly sorted out and operated, and some factories mainly deliver early orders. The trading atmosphere on the site is mild.

For upstream propylene oxide, as of May 25, the average price of propylene oxide enterprises was 11633.33 yuan / ton, an increase of 0.87% compared with the price on May 20. Recently (5.20-5.25), the propylene oxide market has been in a stalemate. The quotation of enterprises is mainly stable, and the prices of some enterprises have increased slightly. Recently, the market of raw material propylene has fallen, the price of raw material liquid chlorine has fallen after rising, the cost support has weakened, the supply side is mainly stable, and the inventory has accumulated slightly and slowly. However, the multi inventory pressure of manufacturers is controllable, which supports the market mentality. The downstream demand is cold, the procurement enthusiasm is weakened, and the market is in a stalemate. On the 25th, the mainstream quotation of propylene oxide Market in Shandong is around 10800-10900 yuan / ton.

Future trend analysis

At present, the propylene glycol on-site quotation is still stable, medium and strong as a whole. Some propylene glycol factories mainly deliver foreign trade orders, the inventory pressure is still small, and the domestic demand continues to be strong. The propylene glycol Data Engineer of business society believes that in the short term, the domestic propylene glycol market is mostly strong, mainly sorting and operation. The specific trend needs to pay more attention to the basic changes of supply and demand and the follow-up of new orders.

According to the monitoring data of business agency, the hydrogen peroxide market rose first and then fell in May. The roller coaster market was staged. The overall oscillation rose, with an increase of more than 6%. At the beginning of the month, the average price of hydrogen peroxide market was 906 yuan / ton. At the end of the month, the average price of hydrogen peroxide market was 966 yuan / ton, up 6.62%.

According to the weekly fluctuation chart from February 28 to May 22, 2022, the hydrogen peroxide market rose sharply at the end of February, with a weekly increase of nearly 20%; Since March, hydrogen peroxide has been mixed, with a decline of more than 10% in the first week; After the crash, the market rebounded. Hydrogen peroxide still oscillated upward in April. After May Day, the hydrogen peroxide market ushered in a sharp rise, with a maximum weekly rise of more than 17%. After the sharp rise, it ushered in a diving market, dominated by overall oscillatory rise.

Long short game hydrogen peroxide market staged a roller coaster

At the beginning of this month, after May Day, the demand of hydrogen peroxide terminal industry became better, the market recovered, and the price continued to rise. The average market price exceeded 1000 yuan / ton, and the price rose by more than 5%. The hydrogen peroxide price of the manufacturer increased by 30-50 yuan / ton, and the market transaction was good. Hydrogen peroxide market rose one after another.

In the second week, the terminal was supported by rigid demand, some manufacturers stopped for maintenance, the supply was tight, the market quotation was chaotic, and the price once ushered in a sharp rise. On May 10, the average price of hydrogen peroxide market was close to 1200 yuan / ton, up 9.12% in a single day.

In the middle of the year, due to the suppression of terminal demand, the hydrogen peroxide market began to callback after rising. This week, the hydrogen peroxide market gradually fell, and the price fell below 1200 yuan / ton to 1100 yuan / ton, down more than 4%.

At the end of the month, the terminal demand for hydrogen peroxide fell and the market continued to decline. As of May 25, the average price of hydrogen peroxide market fell to 1023 yuan / ton, a decrease of more than 17%, and the price fell to the first line of 1000 yuan / ton.

Business community hydrogen peroxide analyst Li Bing believes that: the rigid demand of the terminal industry is low, and the hydrogen peroxide market will be weak and downward in the future.