According to the monitoring of business agency, the domestic market price of phthalic anhydride fell sharply in July. As of the end of the month, the quotation of phthalic anhydride was 7975 yuan / ton, down 7.0% from the price of 8575 yuan / ton at the beginning of the month, up 20.83% year-on-year. The market price of phthalic anhydride fell in July, and the phthalic anhydride market was generally sold.

In July, the delivery of phthalic anhydride in the yard was general, and the price of upstream raw material orthobenzene fell, which affected the price of phthalic anhydride to fall. In addition, the plasticizer market continues to decline, negative factors affect the phthalic anhydride market, and the market price trend of phthalic anhydride has fallen. The operating rate of domestic phthalic anhydride manufacturers has not changed much. The operating rate of phthalic anhydride on the site is less than 60%, the domestic spot supply of phthalic anhydride is normal, and the price of upstream adjacent benzene fell in July. Affected by this, the phthalic anhydride market fell. The market price of phthalic anhydride in East China has declined, and the high-end transactions on the floor are limited. The mainstream of the adjacent method source negotiation in East China is 7800-8000 yuan / ton, and the mainstream of the naphthalene method source negotiation is 7700-7900 yuan / ton; The mainstream quotation of phthalic anhydride market in North China is 8000-8100 yuan / ton. The wait-and-see mentality of phthalic anhydride in the field is still there, and the downstream purchase is mainly on demand. The decline in field costs has affected the sharp decline in the market price of phthalic anhydride.

In July, the price of domestic orthobenzene fell, and the on-site price at the end of the month was 8300 yuan / ton, down 5.68% from 8800 yuan / ton at the beginning of the month. The decline of domestic orthobenzene price is a big bad news in the phthalic anhydride market. In July, the price of imported orthobenzene in the port area fell, and the external quotation of orthobenzene fell. Recently, the inventory of orthobenzene in the port area was general, and the external quotation of orthobenzene fell mainly. The actual transaction price was subject to negotiation, and the actual order was discussed in detail, The price of raw material o-benzene fell, which was bad for the domestic market price of phthalic anhydride, and the market price trend of phthalic anhydride fell back.

In July, the downstream DOP market price of phthalic anhydride fell sharply. According to the monitoring of business agency, the domestic DOP price was 8875 yuan / ton by the end of the month, with a sharp decline of 7.07%. The cost of DOP raw materials in the field declined, DOP enterprises started normal, DOP supply was sufficient, the downstream market trend declined, downstream demand was poor, and market transactions were poor. The plasticizer DOP market fell sharply, and the transaction price was subject to the real-time price. The DOP price was 8800-9000 yuan / ton, and the price trend of phthalic anhydride market fell due to the impact.

On the whole, the market of plasticizers has fallen sharply, and most devices of phthalic anhydride manufacturers operate stably. However, the market price of ortho benzene has a downward trend recently, and the downstream plasticizer demand is poor. On the whole, it is expected that the market price of phthalic anhydride will decline in the later period.

This week, the domestic propane market price continued to be weak, and the Shandong market continued to fall, with a conspicuous range. According to the monitoring data of business agency, the average price of propane in Shandong market was 5963.25 yuan / ton on July 17 and 5793.25 yuan / ton on July 25, with a decrease of 2.85% during the week and an increase of 21.82% over the same period last year.

As of July 25, the mainstream prices of propane in different regions in China are as follows:

Region, July 25

South China. 5700-5800 yuan / ton

North China. 5800-5900 yuan / ton

Shandong Province, 5700-5900 yuan / ton

Northeast China, 5900-6100 yuan / ton

This week, the domestic propane market continued to be weak, and Shandong propane market fell significantly. Although the international crude oil market price rose first and then fell during the week, it brought phased support to the market. However, due to the weak market demand, the enthusiasm of downstream market entry is not high, and the market trading atmosphere is limited. At present, the supply in Shandong market is sufficient, and most of the factory quotations are reduced to stimulate the downstream to enter the market and relieve the inventory pressure.

Saudi Aramco announced in July 2022 that both propylene and butane fell. Propane was $725 / ton, down $25 / ton from the previous month; Butane was $725 / ton, down $25 / ton from the previous month.

At present, the overall price of propane in Shandong market is weak, and the quotation mostly falls below 6000 yuan / ton. The supply of Shandong market is relatively abundant, and the downstream replenishment is on demand, and the market demand is limited. In terms of cost, the international crude oil market has returned to weakness, which has brought limited support to the market. It is expected that the propane market may still fall in the short term.

1、 Price trend

It can be seen from the above figure that the domestic isobutyraldehyde market price fell slightly this week. The average price of isobutyraldehyde in the mainstream domestic market this week fell from 8466.67 yuan / ton at the beginning of the week to 8000.00 yuan / ton at the end of the week, a decrease of 5.51%. On July 24, the isobutyraldehyde commodity index was 39.26, unchanged from yesterday, down 62.81% from the highest point 105.58 in the cycle (2021-09-16), and up 10.50% from the lowest point 35.53 on December 11, 2021. (Note: the period refers to 2021-09-01 to now)

2、 Market analysis

The quotation of mainstream isobutyraldehyde manufacturers fell slightly this week: the ex factory quotation of lihuayi isobutyraldehyde this weekend was 7500 yuan / ton, which fell 700 yuan / ton compared with last weekend; Hualu Hengsheng isobutyraldehyde made an ex factory quotation of 8000 yuan / ton this weekend, which fell 700 yuan / ton compared with last weekend; Shandong Zhenkun Luxi isobutyraldehyde offered 8500 yuan / ton this weekend, which was temporarily stable compared with last weekend.

From the upstream and downstream industrial chain, the upstream raw material market of isobutyraldehyde, propylene market fell slightly this week, and the price fell from 7634.60 yuan / ton last weekend to 7340.60 yuan / ton this weekend, a decrease of 3.85%. The market price of upstream raw materials fell slightly, and the cost support was insufficient. Affected by the supply and demand side, it had a negative impact on the price of isobutyraldehyde. From the perspective of the downstream industrial chain, the market price of neopentyl glycol fell slightly, from 11200.00 yuan / ton last weekend to 11066.67 yuan / ton this weekend, down 1.19%. The neopentyl glycol market fell slightly, and the downstream demand weakened, which had a negative impact on isobutyraldehyde.

3、 Aftermarket forecast

The market trend of isobutyraldehyde in late July may fall slightly. The upstream propylene market fell slightly, and the cost support was insufficient. The downstream neopentyl glycol market fell slightly, and the downstream purchasing enthusiasm weakened. Isobutyraldehyde analysts at business club believe that under the influence of supply and demand and raw materials in the short-term isobutyraldehyde market, the isobutyraldehyde market may decline slightly.

DBP prices rebounded and rose this week

According to the data monitoring of business agency, DBP prices rebounded and rose this week, and the overall DBP market rose. As of July 25, the price of DBP was 9083.33 yuan / ton, up 3.61% from 8766.67 yuan / ton on July 17 last weekend. DBP prices rebounded and rose, and the DBP market recovered.

The price of n-butanol surged this week

According to the price monitoring of the business club, the price of n-butanol rose violently this week, and the market of n-butanol rebounded and adjusted. On July 25, the price of n-butanol was 8033.33 yuan / ton, up 5.70% from 7600 yuan / ton on July 13 last weekend. N-butanol rebounded and rose, and the cost of DBP rose, which increased the momentum of DBP rise this week. The demand for n-butanol was weak, and the price of n-butanol stopped rising and fell. In the future, the downward pressure of n-butanol increased, and the upward momentum weakened.

The price of phthalic anhydride fell violently this week

According to the price monitoring of business club, the price of phthalic anhydride fell violently this week, and the weakness of phthalic anhydride market remained. As of July 25, the price of phthalic anhydride was 7975 yuan / ton, down 1.85% from 8125 yuan / ton on July 17 last weekend. The cost of phthalic anhydride fell, the market of phthalic anhydride was weak, the cost of DBP raw materials fell, and the downward pressure on DBP remained.

Aftermarket expectations

Analysts of DBP data of business agency believe that in terms of raw materials, the price of n-butanol rebounded and rose, while the price of phthalic anhydride continued to decline. This week, the cost of plasticizer DBP stopped falling and rose, and the price of DBP rose. In the future, the price of n-butanol stopped rising and fell, and the low cost of DBP demand fell. It is expected that the price of DBP will be adjusted weakly.

1、 Price trend

The price of aniline fell this week, according to the data on the bulk list of business society. On July 15, the price in Shandong was 11800-12100 yuan / ton; The price of aniline in Nanjing is 12100-12500 yuan / ton; On July 22, the price in Shandong was 11200-11430 yuan / ton; The price of aniline in Nanjing is 11800-12000 yuan / ton, down 3.97% from last week and up 12.01% from the same period last year.

2、 Analysis and comment

In terms of cost, pure benzene: the shipment of pure benzene is tight, and the pure benzene in East China port has maintained de stocking. This week, the inventory in East China port has decreased by 20000 tons compared with last week. The port has a good enthusiasm for picking up goods, and the downstream air filling at the end of the month is OK, and pure benzene rebounded slightly this week. However, the market expects the supply of pure benzene to increase in August, and poor negotiations on pure benzene in the far month limit the increase. On Friday (July 22), the price of pure benzene was 8800-9150 yuan / ton (the average price was 9026 yuan / ton), an increase of 0.19% over last week and 10.07% over the same period last year.

Nitric acid: this week, domestic nitric acid continued its decline last week. On July 15, the domestic production price of nitric acid was 2833 yuan / ton, and on July 22, the price was 2783 yuan / ton, which was 1.76% lower than last week and 13.61% higher than the same period last year.

Aniline supply increased slightly this week, but the downstream only maintained rigid demand follow-up, superimposed with weak cost support, aniline enterprises’ mentality of shipping, and prices fell.

3、 Aftermarket expectations

In terms of cost, in terms of pure benzene, the short-term supply of pure benzene is tight, and the port is expected to be dominated by destocking, but the market is expected to ease the tight supply of pure benzene in August. Overall, the downward pressure of pure benzene increased. Continue to pay attention to the impact of crude oil and external market price trends, pure benzene port inventory, pure benzene and downstream device dynamics on prices.

In terms of nitric acid, the raw material market continues to be weak, and the delivery of nitric acid is flat. It is expected that the price of nitric acid may be dominated by weak operation.

It is expected that the operating rate of aniline plant will continue to rise next week, with increased supply but poor demand. Under the pressure of supply and demand, aniline may continue to fall. Pay attention to the trend of raw materials, downstream demand and the impact of aniline plant dynamics on aniline prices.

1、 Trend analysis

According to the nickel price monitoring of the business agency, on the 21st, the average nickel market price is now quoted at 182750 yuan / ton, up 3.27% from the previous trading day and 31.93% year-on-year. The nickel price continued to rebound at a low level.

Some time ago, affected by macro factors and relatively weak nickel fundamentals, nickel prices fell sharply. The macro pressure weakened this week, the US dollar index fell from a high level, and the nonferrous metals sector as a whole stabilized and rebounded. The main reason for the sharp rebound of nickel price is that the early decline was too large, and the rhythm exceeded expectations. The rebound is also a repair to the early oversold.

From the perspective of fundamentals, the current balance of nickel supply and demand tends to be surplus. The prices of upstream and downstream products of the industrial chain, including nickel ore, ferronickel and stainless steel, continue to move downward, while ferronickel and stainless steel plants are in the trend of loss, as can be seen from the weak terminal demand. The demand of downstream new energy enterprises is steadily recovering. The downstream stainless steel plant has continued to reduce production, and the overall strong supply and weak demand have put pressure on the nickel price. However, LME inventory is still low, supporting nickel prices.

Prediction: the domestic ferronickel plants are in a strong mood of loss reduction and price support, the production and sales of new energy vehicles are improving, and the low inventory is superimposed to support electrolytic nickel. It is expected that the nickel price will rebound and repair in the short term, and the price is mainly strong and volatile.

1、 Price trend

According to the monitoring data of business agency, the average factory price of domestic ammonium sulfate was 1463 yuan / ton on July 11, and 1353 yuan / ton on July 15. The price of ammonium sulfate fell 7.52% this week.

2、 Market analysis

The price of ammonium sulfate fell sharply this week. At present, there is a strong bearish mood in the ammonium sulfate Market, and the market trend is weak. The demand for international exports decreased, and domestic transactions were average. Urea prices fell sharply again this week, which is bad for the market of ammonium sulfate. The mentality of the industry is unstable, and the downstream is mainly on-demand procurement. As of July 15, coking grade ammonium sulfate, the mainstream factory quotation of ammonium sulfate in Shandong is about 1300 yuan / ton, and the mainstream factory quotation of ammonium sulfate in Hebei is about 1280 yuan / ton. Hexene grade ammonium sulfate, the mainstream ex factory quotation in Shandong is 1340-1440 yuan / ton.

This week, the downstream compound fertilizer market was weak, and the price was mainly downward. The prices of urea and monoammonium phosphate, the raw materials of compound fertilizer, have been lowered, and the cost support of compound fertilizer is insufficient. At present, most compound fertilizer enterprises still suspend quotation, and new orders are limited.

3、 Aftermarket forecast

The ammonium sulfate analyst of business agency believes that the recent trend of ammonium sulfate market continues to fall, and there are no positive factors in the market for the time being. The rapid decline of urea price and insufficient terminal demand have led to the reduction of ammonium sulfate price. It is expected that the market of ammonium sulfate will continue to decline in the short term.

1、 Price trend

According to the monitoring data of the business community, the price of caustic soda is weak. At the beginning of the week, the average market price in Shandong was about 1198 yuan / ton, and at the weekend, the average market price in Shandong was 1164 yuan / ton. The price was reduced by 2.84%, and the price increased by 98.13% over the same period last year. On July 17, the caustic soda commodity index was 168.06, unchanged from yesterday, down 36.69% from the highest point of 265.47 in the cycle (2021-10-27), and up 158.12% from the lowest point of 65.11 on October 09, 2020. (Note: the period refers to 2011-09-01 to now)

2、 Market analysis

According to the survey data of the business community, the domestic caustic soda price was weak this week. At present, the average market price in Shandong is about 1080-1200 yuan / ton. The mainstream ex factory quotation of 32% liquid caustic soda in Hebei is about 1100-1300 yuan / ton. The overall start-up has not changed much, and downstream enterprises are mainly on the sidelines. Enterprises generally ship goods, with heavy on-site wait-and-see mood, and the downstream receiving capacity is limited. The overall trading is weak.

According to the price monitoring of the business community, in the 28th week of 2022 (7.11-7.15), there were 0 kinds of commodities rising, 5 kinds of commodities falling and 0 kinds of commodities rising or falling. The main commodities that fell were hydrochloric acid (-12.82%), PVC (-5.13%) and caustic soda (-2.50%). The average rise and fall this week was -4.31%.

Business analysts believe that recently, the price of caustic soda is weak, and the wait-and-see attitude of downstream alumina is obvious. It is mainly purchased on demand, the overall demand is limited, and the market atmosphere is weak. It is comprehensively expected that the subsequent weak market operation of caustic soda is mainly based on the downstream market demand.

This week, the lead market (7.8-7.15) fell after a shock. The average price of the domestic market was 14900 yuan / ton last weekend and 14630 yuan / ton this weekend, down 1.81% this week.

The K-bar chart of commodity prices uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of a bar chart. Investors can buy and sell investments according to the changes of the K-bar chart. Red means: rising; Green means: down; The height of K column indicates the range of rise and fall.

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 28th week of 2022 (7.11-7.15), there is a total of one commodity rising in the non-ferrous sector, and the rising commodity is metallic silicon (2.43%). A total of 20 commodities fell month on month, with a total of 6 commodities falling by more than 5%, accounting for 26.1% of the monitored commodities in this sector; The products with the top three declines were nickel (-8.74%), zinc (-6.02%) and praseodymium neodymium alloy (-5.94%). The average rise and fall this week was -2.84%.

Lead futures market this week

varieties,. Closing price, Compared with the same period last week, Inventory

Shanghai lead, 14650 yuan / ton- 220 yuan / ton, 87931 tons

London lead, 1939 dollars / ton+ 14 dollars / ton, 39225 tons

In terms of the futures market, the overall decline this week did not rebound on the 12th. On the night of the 11th, the dollar rose sharply, the crude oil price fell significantly, the overall performance of the metal market rose and fell, and the lead price trend was stronger. Lun lead and Shanghai lead rose more than 1% at night. Shanghai lead continued to rise in early trading on the 12th, rising 1.52% as of the close. In terms of inventory, LME inventory was generally stable this week, and the inventory in the previous period fell.

In terms of supply, the recent overhaul of the smelter was completed, the operating rate was increased, and the lead supply was restored. In terms of recycled lead, Anhui, the main production area, is limited, and the recent production is likely to decline, which is good for primary lead. The recent performance of the demand side is still off-season, but with the improvement of car sales, the recent start-up of battery enterprises has increased to a certain extent. In terms of the spot market, most of them kept a wait-and-see attitude this week because of the approaching delivery. With the obvious decline in prices, it is expected that downstream storage enterprises will have a certain intention of receiving goods. Under the pattern of both supply and demand, it is expected that the lead price will be stable, medium and strong in the future.

Recent price trend of sulfuric acid

It can be seen from the above figure that the domestic sulfuric acid market price fell slightly this week. The sulfuric acid price fell from 950.00 yuan / ton at the end of last week to 892.00 yuan / ton at the end of this week, a decrease of 6.11%, and a year-on-year increase of 38.65% compared with the same period last year. On July 14, the sulfuric acid commodity index was 143.50, unchanged from yesterday, down 23.70% from the highest point of 188.07 in the cycle (2022-04-13), and up 355.27% from the lowest point of 31.52 on June 6, 2019. (Note: the period refers to 2011-09-01 to now)

The upstream market continued to decline, and the enthusiasm of downstream purchasing weakened

Judging from the manufacturer’s quotation, the price of domestic mainstream sulfuric acid manufacturers fell slightly this week, the manufacturer’s inventory was general, and the downstream demand weakened. Heze Jiangyuan sulfuric acid quoted 910 yuan / ton this weekend, which was temporarily stable compared with last weekend; Zouping Tianlu sulfuric acid offered 800 yuan / ton this weekend, down 40 yuan / ton compared with last weekend; Changzhou Qinghong sulfuric acid quoted 900 yuan / ton this weekend, which fell 150 yuan / ton compared with last weekend; Changzhou Changjiang sulphuric acid quoted 950 yuan / ton this weekend, down 100 yuan / ton compared with last weekend; Xiangcheng San’an sulfuric acid is quoted at 900 yuan / ton this weekend, which is temporarily stable compared with last weekend.

From the perspective of upstream and downstream industrial chains, the upstream sulfur market fell sharply. The sulfur price fell from 3166.67 yuan / ton last weekend to 1776.67 yuan / ton this weekend, down 43.89%, up 7.89% year-on-year compared with the same period last year. The upstream market fell sharply, and the cost support was seriously insufficient. The downstream hydrofluoric acid market was consolidated at a low level, with the market price of 11280.00 yuan / ton, up 12.57% year-on-year from the same period last year. The downstream titanium dioxide market fell slightly, and the market price fell from 20083.33 yuan / ton last weekend to 19000.00 yuan / ton this weekend, down 5.39%, down 10.52% year-on-year compared with the same period last year. The downstream market fell slightly, and the downstream purchasing enthusiasm weakened.

Slightly volatile decline in the aftermarket

In the middle and late July, the domestic sulfuric acid market may fall slightly. The upstream sulfur market has fallen sharply recently, and the cost support is insufficient. Downstream hydrofluoric acid, titanium dioxide, ammonium sulfate market fell slightly, downstream customers’ enthusiasm for the purchase of sulfuric acid weakened, and the product trend fell under the contradiction between supply and demand. The sulfuric acid analyst of business agency believes that under the influence of supply and demand and raw materials in the domestic sulfuric acid Market in the short term, the market price of sulfuric acid may fluctuate and fall slightly.