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

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

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

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

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

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

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

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

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

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

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

1、 Price trend

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

2、 Market analysis

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

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

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

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

3、 Future forecast

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

1、 Price trend

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

2、 Market analysis

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

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

3、 Future forecast

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

1、 Price trend of acrylic acid

(Figure: P value curve of acrylic acid product)

2、 Market analysis:

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

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

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

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

Statistics of downstream operation rate of acrylic acid:

3、 Future forecast:

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

1、 Price trend

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

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

2、 Analysis of influencing factors

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

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

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

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

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

3、 Analysis and prediction

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

1、 Price trend

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

2、 Market analysis

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

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

3、 Future forecast

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

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.