China’s domestic phthalic anhydride market prices fell this week (7.15-7.19)

First, the trend of the market:

According to statistics, the price of phthalic anhydride declined this week. The price of phthalic anhydride this weekend was 5933.33 yuan. Tons, down 1.11% from 6000 yuan/ton at the beginning of the week and 15.69% from the same period last year. The phthalic anhydride in Shandong province is 5900-6000 yuan per ton self-lifting, the main stream of phthalic anhydride negotiation in Jiangsu province is 5900-6000 yuan per ton, and the market spot supply is normal; the naphthalene phthalic anhydride plant starts normally, and the current quotation is 5400-5500 yuan per ton.

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II. Market analysis:

Products: In recent years, the price trend of domestic phthalic anhydride market has slightly declined. The opening rate of phthalic anhydride market is about 70%. The price of phthalic anhydride market in East China is volatile. The downstream factories maintain just in need of purchasing. Inventory of factories has declined. High-end transactions have been blocked. The main stream of on-site neighbourhood method is 5900-6000 yuan/ton. Naphthalene method is the mainstream. In 5400-5600 yuan/ton; in North China, the mainstream quotation of phthalic anhydride market is 5900-6000 yuan/ton, the market price is rising, the quotation of enterprises is temporarily stable, downstream construction is not high, on-demand procurement is the main, wait-and-see mentality is strong, the domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride in the field is normal, the situation of leaving the factory is general, and some manufacturers are downgraded. The price of phthalic anhydride declined slightly.

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Industry chain: Recently, the execution price of phthalic anhydride upstream product, Sinopec o-phthalic acid, is 5900 yuan/ton. The actual market transaction price is 5900 yuan/ton. The quotation is temporarily stable and the port supply is general. The price of raw materials mixed xylene in the upstream of phthalic acid fluctuates, the turnover of phthalic acid is general, the stock of phthalic acid in the port is low, the quotation of phthalic acid is temporarily stable, the actual transaction price of imported phthalic acid is discussed in detail, the upstream price trend fluctuates, and the market price of phthalic anhydride falls. DOP prices downstream fell, this week’s price fell by 1.51%. Recently, in Zhejiang DOP market, merchants’quotations were maintained at about 7400 yuan/ton, while downstream prices were at a low level. Demand for upstream phthalic anhydride was limited, and the market price of phthalic anhydride declined.

Industry: Recent plasticizer industry trend is general, terminal downstream demand is limited, phthalic anhydride market price trend slightly declined.

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3. Future market forecast:

Recently, the price trend of phthalic anhydride in the upstream has remained volatile, while the DOP market in the downstream has slightly declined. Phthalic anhydride analysts of business associations believe that the market price trend of phthalic anhydride may remain volatile, with prices around 5900-6000 yuan/ton.

China’s domestic price trend of p-xylene was temporarily stable on July 18

On July 18, the PX commodity index was 56.00, unchanged from yesterday, down 45.31% from its peak of 102.40 points in the cycle (2013-02-28), and up 22.94% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

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According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 18th. Pengzhou Petrochemical Unit operated steadily in the field. Urumqi Petrochemical Unit started 50% of the operation, Fuhai Created Aromatic Hydrocarbon Unit started a line, CNOOC Huizhou Refinery and Chemical Unit overhauled, Hengli Petrochemical PX Unit put into operation, and other units operated steadily temporarily due to the introduction of new units. Domestic market supply of p-xylene is normal, and market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is about 80%. The closing price of p-xylene market in Asia is temporarily stable on July 17. The closing price is 823-825 US dollars/ton FOB in Korea and 842-844 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The fluctuation of foreign prices has a negative impact on the domestic market price of p-xylene. Xylene price trend is stable for the time being.

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On July 17, the price of WTI crude oil futures fell to 56.78 US dollars per barrel, a decline of 0.84 US dollars. Brent crude oil futures fell to 63.66 US dollars per barrel, a decline of 0.69 US dollars. The trend of crude oil price declined, which has lost some cost support to the price of downstream petrochemical products. The price trend of paraxylene market is temporary. Steady. Recent textile industry volatility, PTA price trend temporarily stabilized on the 18th, the average price of East China bid in the vicinity of 6450-6600 yuan/ton, as of the 17th day domestic PTA start-up rate is about 89%, polyester industry start-up rate is about 87%, downstream production and sales rate maintained high, but PTA market prices slightly lower, it is expected that PX market prices will be later. Maintain shock.

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July 17 Ammonium Nitrate Market Price Trend Stable

On July 17, the ammonium nitrate commodity index was 103.51, which was the same as yesterday. It was 12.59% lower than the peak of 118.42 points in the cycle (2019-01-15), and 33.79% higher than the low of 77.37 points on October 31, 2016. (Note: Period refers to 2013-02-01 to date).

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Recently, domestic ammonium nitrate market price trend is temporarily stable. Affected by environmental protection control, domestic ammonium nitrate plant shuts down more, domestic ammonium nitrate plant starts less, but recently with the warming of the weather, the influence of northern air limitation disappears. In addition, due to the complete shutdown of domestic downstream civil explosion industry, domestic ammonium nitrate manufacturers have more stockpiles. Domestic prices are declining. As of the 17th day, the domestic ammonium nitrate market price negotiation in 1900-2050 yuan/ton, affected by environmental protection, so now many manufacturers in many areas are forced to limit production or stop production and maintenance for environmental protection inspection, the price trend of ammonium nitrate on the site is temporarily stable.

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Recently, the domestic nitric acid price trend has been slightly lower, up to 17 days, the market price is 1756.67 yuan/ton. The decline of nitric acid price has a negative impact on the ammonium nitrate market. The price trend of ammonium nitrate keeps low. The domestic liquid ammonia Market in the upstream is rising slightly, the market performance is general, and the market turnover is still acceptable, mainly affected by the above. The impact of increased travel costs, transaction stability, the majority of manufacturers inventory pressure slightly eased compared with the previous period, some maintenance-oriented, most manufacturers in North China supply performance is still acceptable, manufacturers in the northern region quoted price maintained in 3300 yuan/ton, northwest region quoted price in 2800-3000 yuan/ton, the normal shipment of manufacturers, Reasonable purchasing of downstream manufacturers and rising prices of raw materials in the upstream have a positive impact on the ammonium nitrate market. The price trend of ammonium nitrate Market is temporarily stable. At the end of the peak season of the downstream civil explosion industry recently, the demand for ammonium nitrate has weakened and the stocks of ammonium nitrate manufacturers have increased, but the liquid ammonia market is on the rise again. The ammonium nitrate Market is shaking at a low level because of the bad market. Ammonium nitrate analysts believe that the recent upstream raw material market price shocks, but the downstream demand is not good, ammonium nitrate market prices are expected to maintain shocks in the later period.

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China’s domestic rare earth market declined on July 16

On July 16, the rare earth index was 381 points, down 3 points from yesterday, down 61.90% from the cyclical peak of 1000 points (2011-12-06), and up 40.59% from the lowest point of 271 on September 13, 2015. (Note: Period refers to 2011-12-01 to date).

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The average price of Neodymium in rare earth metals is 415,000 yuan per ton, dysprosium metal is 2.4 million yuan per ton, and the average price of praseodymium metal is down by 10,000 yuan per ton to 700,000 yuan per ton. The average price of praseodymium and neodymium oxide in rare earth oxides is 312.5 million yuan per ton, dysprosium oxide is 1.91 million yuan per ton, praseodymium oxide is down 10,000 yuan per ton to 395,000 yuan per ton, and neodymium oxide is 314,500 yuan per ton. The price of praseodymium and neodymium alloys in rare earth alloys is 415,000 yuan per ton, and the average price of dysprosium and iron alloys is 191,000 yuan per ton.

Recent price declines in rare earth market, domestic rare earth market trading market is general, most commodity prices in the rare earth market are stable, but in the near future, prices of some products in the market have fallen, prices of dysprosium and terbium metals have fallen, prices of praseodymium and neodymium series products have been declining in the near future, supply in the market is normal, and prices of light rare earths have been moving in the near future. The situation is declining. The price fluctuation of rare earth market is related to environmental protection supervision in the whole country. Rare earth production has its particularity, especially the radiation hazard of some products, which makes environmental protection supervision stricter. Under the strict environmental protection inspection, rare earth separation enterprises in many provinces have stopped production, resulting in a general market of rare earth oxides. Recently, the rare earth market has turned to the seller’s market. The manufacturers have reasonable control over sales and are reluctant to sell. Especially for some mainstream rare earth oxides, the supply performance is still tense. The price trend of rare earth market has slightly declined. Recently, large enterprise groups on the market are reluctant to sell. The market trend of rare earth is poor. However, major manufacturers are cautious about the pricing of products.

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Recently, the State Environmental Protection Department has made no reduction in its stringent efforts, which has a greater impact on the rare earth industry. The rare earth industry has a low start-up and a cold market. At the recent press conference on macroeconomic operation held by the Development and Reform Commission, Meng Wei, spokesman of the National Development and Reform Commission (NDRC), answering reporters’questions on rare earth, said that on the basis of in-depth investigation and scientific demonstration, relevant policies and measures would be put forward to give full play to the special value of rare earth as a strategic resource. Due to the increasingly obvious regulatory effect, the supply of raw ore resources in the upstream of the rare earth industry has shrunk, the demand in the downstream is poor, and the trading market of the rare earth industry has declined.

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Rare earth analysts from business associations expect that domestic environmental stringency will not diminish in the near future, coupled with domestic rectification of the order of the rare earth industry, Myanmar restricts exports and reduces supply, but rare earth market transactions are limited in the near future, and some prices in the rare earth market are expected to fall.

China’s domestic phthalic anhydride market price trend temporarily stabilized on July 15

On July 14, the phthalic anhydride commodity index was 58.39, unchanged from yesterday, down 51.39% from the peak of 120.13 points in the cycle (2012-02-28), and up 20.59% from the low of 48.42 points on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

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Recently, the domestic market price of phthalic anhydride has risen slightly. The market price of phthalic anhydride in eastern China has rebounded. The downstream factories are still in need of purchasing. Inventory of factories is still under pressure. High-end transactions are blocked. The mainstream of on-site neighbourhood source negotiation is 5900-6200 yuan/ton, and the mainstream of naphthalene source negotiation is 5400-5500 yuan/ton. Mainstream quotation is 5900-6000 yuan/ton, market price rises slightly, quotations of enterprises are slightly higher, downstream construction is not high, on-demand procurement is the main, wait-and-see mentality is strong, domestic phthalic anhydride plant operation is stable, phthalic anhydride spot supply is normal, phthalic anhydride price trend is rising.

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Recently, the domestic price of phthalic anhydride upstream product Sinopec o-phthalic acid is 5900 yuan/ton. The import price of o-phthalic anhydride in the port area has risen, and the quotation has risen. Recently, the market of o-phthalic anhydride in the port is general, and the port stock is low. Upstream raw materials mixed xylene price shocks, phthalic turnover is general, port phthalic inventory is low, phthalic external quotation is higher, import phthalic cost shocks, the actual transaction price is detailed, upstream price trend shocks, phthalic anhydride market price rise is limited. Downstream DOP raw material phthalic anhydride price rises, isooctanol price rises, DOP cost rises. DOP price shocks are higher, DOP downstream demand is general, customer purchasing enthusiasm is general, downstream PVC market shocks are stable, DOP market mainstream transaction price is about 7650 yuan/ton, DOP downward pressure is weakened, there is a certain upward momentum, the market price of phthalic anhydride is expected to rise slightly later.

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