1、 Price trend

According to commodity data monitoring, the price of isopropanol increased slightly this week. The average price of isopropanol in China was 7275 yuan / ton last Friday and 7362.5 yuan / ton this Friday. The price increased by 1.2% during the week.

2、 Market analysis

Figure: comparison chart of acetone and isopropanol prices from March to May

The domestic isopropanol market increased slightly this week. At present, the orders of isopropanol manufacturers are still mainly for export. At present, domestic downstream demand for isopropanol is general. Up to now, most quotations of Shandong isopropanol are about 7200-7400 yuan / ton; The quotation range of Jiangsu isopropanol is about 7200-7450 yuan / ton; Most quotations of Zhejiang isopropanol are about 7300 yuan / ton. Internationally, on July 7, the U.S. isopropanol closed down, while the European isopropanol market closed down.

In terms of raw acetone, the price of isopropanol rose this week. The average price of acetone in China was 6140 yuan / ton last Friday and 6160 yuan / ton this Friday. The price was increased by 0.33% during the week. At present, the phenol ketone plant is still close to the profit and loss, and the enthusiasm for pushing up still exists. However, the operators in the field have a stable mentality, the offer remains firm, and they always pay attention to the trend of the plant. After the festival, it is the beginning of the month, and the downstream mainly digests contracts. The terminal has little enthusiasm for replenishment, and the trading volume may not be high. According to the prediction of the business club, the acetone market will be mainly adjusted in a narrow range in the short term.

As for raw propylene, as of the end of this week, the mainstream quotation of propylene (Shandong) market was 7800-7900 yuan / ton, and the price fell below 8000 yuan. It is reported that. Due to the production of new units and the resumption of overhaul units, the supply of propylene has increased, the market competition has intensified, and the enterprise has been forced by the sales pressure to give up profits and goods, and some process routes are even in a state of loss. Downstream market demand is mainly just demand, fast in and fast out, and the overall market is in a situation of supply exceeding demand. Propylene analysts from the chemical branch of the business community believe that the cost of raw materials is high. At present, the supply of propylene market is loose and the demand side follows up slowly. It is expected that the propylene market will be weak and downward in the near future.

3、 Aftermarket forecast

The isopropanol analyst of the chemical branch of the business club believes that: at present, domestic factories mainly export orders, and the domestic isopropanol market demand is general. The downstream just needs to receive orders, and the demand lacks support. It is expected that the adjustment space for isopropanol will be limited in the short term.

DOTP prices fell this week

According to the data monitoring of the business agency, the DOTP price fell sharply this week, and the overall DOTP market fell back. As of June 13, the price of DOTP was 12112.50 yuan / ton, down 1.22% from 12125 yuan / ton on June 1 at the beginning of the month and 12262.50 yuan / ton at the beginning of the week. This week, the pressure on raw materials was great, the cost of DOTP fell, and the DOTP market fell violently.

The price of isooctanol fell sharply this week

According to the price monitoring of the business agency, the domestic isooctanol price fell violently this week, and the overall isooctanol market fell. As of June 13, the isooctanol price was 12166.67 yuan / ton, down 3.18% from 12566.67 yuan / ton on June 6 at the beginning of the week. This week, the price of isooctanol fluctuated and fell. The cost pressure of DOTP increased, and the downward pressure of DOTP increased.

PTA prices rose at a high level this week

According to the price monitoring of the business club, the PTA price fluctuated and rose this week, and the overall PTA market rose. As of June 13, the PTA price was 7720.83 yuan / ton, up 6.73% from the PTA price of 7234 yuan / ton on June 6 at the beginning of the week. Crude oil prices rose at a high level, PTA prices rose in shock this week, DOTP cost support increased, DOTP positive momentum increased, and downward pressure remained.

Aftermarket expectation

According to DOTP data analysts of business agency, this week, crude oil prices rose at a high level, PTA prices rose in a volatile manner, isooctanol prices fell, DOTP costs fell, DOTP rising momentum weakened, and downward pressure increased. In the future, the cost of DOTP raw materials decreased, the upward momentum of DOTP weakened, and the downward pressure increased. It is expected that the price of DOTP will fluctuate and fall in the future.

This week, the zinc price fluctuated and fell

According to the data monitoring of the business agency, the zinc price fell violently this week, and the zinc market fell back. As of June 13, the zinc price was 25924 yuan / ton, down 0.95% from 26172 yuan / ton on June 1 at the beginning of the month; Compared with the zinc price of 26416 yuan / ton on June 6 at the beginning of the week, the price fell by 1.86%.

Reduction of zinc smelting cost

Recently, the processing fee of zinc smelting has decreased, the cost of zinc smelting has decreased, and the support of zinc price rise has weakened; The price of natural gas in Europe has dropped, the cost of zinc smelting in Europe has dropped, the profits of European refineries have been repaired, the operating rate of refineries may rise, the processing fee of imported zinc concentrate will decline at a high level, the supply at the outer ore end is relatively loose, and the tight supply situation of zinc ingots may be relieved. At the weekend, the natural gas port in the United States exploded, and the price of natural gas in Europe rose. In the future, the cost of zinc smelting in Europe rose, and the supply of zinc in the market may decline due to the impact, which increased the momentum of zinc price rise.

Aftermarket forecast

According to the analysts of the business agency, the supply of zinc in the market rose this week, the cost of zinc smelting fell, the support of zinc price rise weakened, and the shock of zinc price fell; However, the explosion of natural gas ports in the United States has caused a rise in zinc smelting costs, and the supply of zinc in the city may be affected. In the future, the zinc smelting cost is expected to rise, and the supply of zinc may decrease. It is expected that the zinc price will rise slightly in the future.

1、 Price trend

It can be seen from the above figure that the domestic neopentyl glycol market price rose slightly this week. This week, the average price of the mainstream domestic neopentyl glycol market rose from 16833.33 yuan / ton at the end of last week to 17500.00 yuan / ton at the end of this week, an increase of 3.96%. On June 10, the commodity index of neopentyl glycol was 84.34, unchanged from yesterday, down 18.60% from the highest point of 103.61 in the cycle (September 22, 2021), and up 31.25% from the lowest point of 64.26 on January 3, 2022. (Note: the period refers to the period from September 1, 2021 to now)

2、 Market analysis

The prices of the mainstream manufacturers of neopentyl glycol were temporarily stable this week: the distribution price of Jinan aochen Wanhua neopentyl glycol at the weekend was 17300 yuan / ton, which was temporarily stable compared with that at the end of last week; Zibo de synthetic Feng neopentyl glycol sold at a price of 17200 yuan / ton over the weekend. Compared with the previous weekend, the quotation was temporarily stable. The delivery price of Chongqing Kaiyin Vanuatu neopentyl glycol at the weekend was 18000 yuan / ton, which was temporarily stable compared with that at the weekend.

From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price fell slightly this week. The average price of isobutyraldehyde in the mainstream domestic market this week fell from 15866.67 yuan / ton last weekend to 15366.67 yuan / ton this weekend, a decrease of 3.15%. The market price of upstream raw materials fell slightly, and the cost support weakened. Affected by the supply and demand side, it had a negative impact on the price of neopentyl glycol.

3、 Aftermarket forecast

In the middle of June, the market trend of neopentyl glycol may fluctuate slightly. The upstream isobutyraldehyde market fell slightly, the cost support weakened, the downstream coating market was general, and the downstream purchasing enthusiasm was weak. The neopentyl glycol analyst of the business agency believes that the short-term neopentyl glycol market may suffer a small shock and decline under the influence of supply and demand, raw materials and other aspects.

1、 Price trend:

According to the bulk list data of the business agency, the domestic market of PA6 rose in early June, and the spot prices of various brands rose. As of June 9, the mainstream offer price of the sample enterprises for Zhongtong viscosity 2.75-2.85 was about 16666.67 yuan / ton, up or down by +1.63% compared with the average price at the beginning of the month.

2、 Analysis of influencing factors:

Industrial chain: upstream, the price of caprolactam rose steadily this week. Far point crude oil rose due to the tension in Eastern Europe and the contraction of other oil producing countries, and pure benzene and caprolactam continued to be supported. Downstream procurement is based on demand and production is maintained. It is expected that the caprolactam market will continue to be strong in the short term.

The upstream caprolactam market trend is positive, and PA6 cost side support is stable this week. The operating rate of domestic PA6 polymerization plant is generally stable at 70%. In terms of news, the tension between Russia and Ukraine is still tense, and the strong operation of international crude oil prices has a fair supporting and conducting effect on the cost side of PA6. The supply side of PA6 is relatively abundant, but the profit of the manufacturer is under pressure. The load of downstream enterprises fell in a narrow range, and the demand slowed down. The purchaser is cautious in taking the goods, mainly in small order purchase to maintain production, and the delivery is not good.

3、 Future forecast:

According to the analysts of business agency, the spot price of PA6 rose in early June, the trend of caprolactam rose steadily, and the cost support of PA6 was stable. Downstream enterprises mainly take small orders to maintain production. There is resistance to high price goods in the market, and the trading volume shrinks. It is expected that the trend of PA6 market may fluctuate in a narrow range in the short term.

Zinc price fell on June 8

According to the data monitoring of the business agency, the zinc price rose on June 8, and the zinc market recovered. On June 8, the zinc price was 26296 yuan / ton, up 0.75% from 26100 yuan / ton on the previous trading day; On June 8, the zinc price rose and warmed up; Compared with 2021, the zinc price increased by 14.98% year-on-year.

Key points of analysis

Compared with the first quarter, the European energy crisis has eased, the cost of zinc smelting has decreased, the extreme market of zinc has eased, and the historical high of zinc price is difficult to break; Downstream enterprises have resumed production and work, enterprises in the zinc industry chain have started to increase, and the supply and demand of zinc city has slowly warmed up, but the supply and demand of zinc city has not yet recovered to the expected level, and the downward pressure of zinc city still has great upward momentum.

Aftermarket forecast

The high cost of zinc smelting is alleviated, the supply and demand recovery is less than expected, and the zinc price is difficult to reach a new high. The momentum for the rise of zinc market still exists. It is expected that the high zinc price will be adjusted in the future.

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.