1、 Price trend

According to the data monitored by the business agency, the domestic PP market weakened in the second half of March, and the spot price was mostly reduced. As of Monday, March 27, the main offer price of T30S by domestic producers and traders was about 6650.67 yuan / ton, down 5.45% from the average price on Monday, March 16.

2、 Cause analysis

Upstream: in terms of upstream propylene, recently affected by the game in the international crude oil market, the crude oil market has repeatedly been low. Due to the low production and inventory before propylene, the previous decline is not significant. At present, propylene inventory is not much, and the operating rate is not high, so the manufacturer’s delivery pressure is small. The downstream isopropanol is one of the raw materials of disinfectant, which has a positive impact on propylene due to the impact of public health events. But from the results, the boost is limited. In addition, the profit space of other downstream factories is narrow, the industry is generally short, and the trend of follow-up is also obvious. It is expected that the price of propylene will start to stabilize in the near future and may decline in the later period;

Product: at present, the domestic PP market is weak, and the wait-and-see atmosphere is still heavy. The factory price of large petrochemical plants has been lowered, and traders have declined. PP downstream plant operating rate is average, inquiry atmosphere is low, demand follow-up is weak. The business confidence is not strong, the stock is high, the end of the month reduces the position to let the profit sale. The overall performance of futures is also short, which is obvious with falling sentiment.

3、 Future forecast

PP analysts of the business club believe that the domestic PP spot market continued to be weak in the second half of March, the upstream propylene price was not strong, and the support for the cost side of PP was not good. The return rate of downstream factories needs to be further improved. In terms of demand, the order follow-up is not timely, and small orders are mainly concluded. Petrochemical plant inventory pressure is large, the end of the month to complete the task. PP market is expected to continue to weaken in the near future.

1、 Price trend

2、 Market analysis

Mannheim potassium sulfate factory: this week Mannheim 50% powder 2700; 50% particles and 52% water-soluble powder 2800-2850. Report station of potassium sulfate manufacturer in water salt system: Xinjiang 51-52% powder 3100-3150; Qinghai 50% powder 2300-2380. The operating rate of potassium sulfate in the water salt system has increased, mainly because Qinghai manufacturers are resuming production one after another. However, by the end of April, the operating rate of the water salt system will be greatly reduced due to the fact that Luo potassium will enter the summer maintenance period. Although there are worries about the decline of potassium chloride and slight increase in sales pressure, most of the potassium sulphate plants have no inventory pressure for the time being, and some of the manufacturers are waiting for orders until the middle of April or even after a long time, so it is expected that the price of potassium sulphate will not go up very well, but at least it can continue to maintain stability.

3、 Future forecast

Potassium sulphate analyst of the business association thinks: it will take a while for the terminal to make up the position as the spring ploughing is gradually transferring to the use of fertilizer. There is no stock pressure for potassium sulfate, which is expected to remain stable in the short term.

On March 25, the ammonium nitrate commodity index was 124.74, unchanged from yesterday, down 0.42% from 125.26 (2020-03-15), the highest point in the cycle, and up 61.23% from 77.37, the lowest point on October 31, 2016. (Note: cycle refers to 2013-02-01 to now).

On the 26th, the price trend of domestic ammonium nitrate Market declined, with the average price of 2270 yuan / ton. The domestic ammonium nitrate plant started normal operation. In the near future, the on-site plant operation was stable, the ammonium nitrate plant’s shipping market was general, the downstream purchase was on demand, and affected by the environmental control, the domestic downstream civil explosive industry still stopped production more, the domestic ammonium nitrate plant started limited, and the on-site price trend fell. Up to now, the mainstream of negotiation in Shaanxi Province is 2200-2400 yuan / ton, in Shandong Province is 2000-2400 yuan / ton, and in Hebei Province is 2100-2600 yuan / ton. Affected by the poor delivery situation, some downstream manufacturers have not yet started work. The demand for ammonium nitrate is limited, but the price of raw materials is at a low level, and the price trend of ammonium nitrate Market is declining.

The price trend of domestic nitric acid market of upstream raw materials is rising, and the quotation of mainstream manufacturers in Jiangsu is 1600 yuan / ton. The quotation of mainstream manufacturers in Anhui is about 1600 yuan / ton. Shandong manufacturers offer 1750 yuan / ton or so, and the price trend is rising. The delivery of nitric acid has improved, the demand for nitro compound fertilizer has increased compared with that before, the demand for nitric acid has increased, and the price trend of nitric acid market has increased; the market of domestic liquid ammonia in the upper reaches fluctuates at a high level, and the market of domestic liquid ammonia remains at a high level, while some enterprises in the northern areas have slightly increased, but the range is not large, around 50 yuan / ton, and the price of raw materials in the upper reaches has increased for domestic nitric acid The price of ammonium has brought some good support, but in the near future, due to the poor downstream demand, the market of ammonium nitrate products is not good, and the price trend of ammonium nitrate Market has dropped. Analysts of ammonium nitrate of business association think that the market price of upstream raw material nitric acid is higher in the near future, but the downstream demand is not improved significantly, and it is expected that the market price of ammonium nitrate will be slightly lower in the later stage.

1、 Market price trend of POM

Price curve of POM

According to the monitoring of the business agency, the average price of Polyoxymethylene (96) in Shandong at the end of this week was 4466 yuan / ton, and the average price at the beginning of this week was 4600 yuan / ton, down 2.9%.

2、 Market analysis

Products: Shandong aldehyde Chemical Industry Co., Ltd. has an annual output of 30000 tons of POM. The ex factory quotation of POM (96) is 4300 yuan / ton, which is 300 yuan / ton lower than 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 4400 yuan / ton, down 100 yuan / ton from 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 price of POM manufacturers is weak and the market demand is general.

Industry chain: according to the price monitoring of upstream methanol, the domestic methanol market continued to decline. On March 9, the average price of domestic methanol market was 1968 yuan / ton. As of March 18, the average price of domestic methanol market was 1797 yuan / ton, down 8.41%.

3、 Future forecast

Polyoxymethylene analysts believe that: by crude oil and methanol down drag, the price of polyoxymethylene mainly weak operation.

1、 Price trend

According to the price monitoring of the business agency, the selling price of sulfuric acid in Shandong Province was temporarily stable this week, with a quotation of 323.33 yuan / ton, down 6.28% year-on-year from the same period last year. On the whole, the sulfuric acid market is stable this week, with the sulfuric acid commodity index of 50.32 on March 20.

2、 Market analysis

（1） Products:

This week, the price of the mainstream sulfuric acid manufacturers in Shandong is temporarily stable, with small inventory and general downstream demand. The weekend quotation of Heze Jiangyuan is 350 yuan / ton, which is temporarily stable compared with the beginning of the week; the weekend quotation of Zouping Tianlu is 170 yuan / ton, which is temporarily stable compared with the beginning of the week; the weekend quotation of Jinan Yuanfei is 450 yuan / ton, which is temporarily stable.

（2） Industrial chain:

In recent years, the domestic upstream sulfur market has been rising steadily, which has brought certain benefits to sulfuric acid. The downstream monoammonium market has been consolidated at a high level, and the market of diammonium has also been rising, which seems to support the price of sulfuric acid as a whole. This week, the sulfuric acid plant operated smoothly, the enterprise started normal operation in a short period, and the supply was slightly tight.

3、 Future forecast

In late March, the sulfuric acid market or high consolidation in Shandong was dominated. The price of sulfur in the upstream is rising steadily, the demand in the downstream is high, and the product trend is up under the contradiction of supply and demand. According to analysts of business and social sulfuric acid, under the influence of supply and demand and raw materials, the sulfuric acid market is dominated by high consolidation.

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.