According to statistics, the price of phthalic anhydride in China fell slightly this week. As of May 15, the price of phthalic anhydride from o-phthalic method was 4987.5 yuan / ton. The price of phthalic anhydride in China fell slightly by 0.99%, down 20.83% year on year. The demand of plasticizer industry was low, and the market of phthalic anhydride fell.

In recent years, the market price of phthalic anhydride in China has dropped slightly. The market demand of phthalic anhydride is normal, and the market of phthalic anhydride is general. However, the fluctuation of crude oil price has boosted domestic petrochemical products, and the market price of phthalic anhydride is stagnant. The operation of domestic phthalic anhydride manufacturers is normal, the operating rate of phthalic anhydride in the site is more than 60%, the spot supply of domestic phthalic anhydride is normal, the procurement of downstream plasticizer industry is general, the market of phthalic anhydride manufacturers is general, and the market price of phthalic anhydride is slightly down. As of the 13th, the market price of phthalic anhydride and phthalic anhydride in East China has declined slightly, but the high-end transactions in the market have been blocked. The main flow of negotiation of neighboring France’s source of goods in East China is 4900-5100 yuan / ton, and that of naphthalene’s source of goods is 4500-4700 yuan / ton; the main flow of quotation of phthalic anhydride in North China is 4700-5000 yuan / ton, and the wait-and-see mentality of phthalic anhydride in the market still exists, and the market price of phthalic anhydride has declined slightly.

 
In the near future, the execution price of domestic phthalic anhydride upstream product Sinopec has been maintained at 4000 yuan / ton, and the price of imported phthalic anhydride in port area has been maintained in shock and stability. In the near future, the price of phthalic acid in port area is average, and the external price of phthalic anhydride is stable. The actual transaction price is subject to negotiation, which is discussed in detail. This week, the price of international crude oil has increased, but the price of phthalic acid has not been supported by good support, and the price of phthalic acid remains low The price of phthalic anhydride fell slightly due to the low price of phthalic acid in the upstream raw materials.

The downstream DOP market price is slightly higher. This week, the DOP price is slightly higher by 0.49%. In addition, the price of isooctanol is rising, DOP enterprises are operating at low load, DOP market price is slightly higher, PVC enterprises are operating normally, and customers’ purchasing enthusiasm is stable. The market of plasticizer industry is still depressed. The DOP market quotation is about 6700-7000 yuan / ton. The market plasticizer transaction enthusiasm is general, the high-speed charges are increased, the logistics and transportation costs are increased, the downstream market is lack of power to rise, and it is difficult to maintain the continuous rise. The market price of phthalic anhydride has fallen.

In the near future, there is no plan to increase the price of raw material o-benzene. In addition, the downstream purchase is mainly on demand. With the temperature rising, the plasticizer industry is gradually in the short-term sales off-season. It is expected that the market price of phthalic anhydride will remain depressed in the later period, and the price will still fall slightly.

1、 Price trend

According to the data in the bulk list of business agency, the average ex factory price of domestic caprolactam liquid on May 11 was 9066 yuan / ton, and the average ex factory price of domestic caprolactam liquid on May 14 was 9833 yuan / ton, with the price rising 8.46% this week.

On May 13, the caprolactam commodity index was 49.79, unchanged from yesterday, down 50.21% from the highest point in the cycle of 100.00 (2017-03-02), and up 26.37% from the lowest point of 39.40 on April 7, 2020. (Note: cycle refers to 2017-03-01 till now)

2、 Market analysis

Product: caprolactam rose due to tight spot supply. As of May 14, the price of caprolactam liquid in Shandong Luxi Chemical Co., Ltd. was 9400 yuan / ton, cash was delivered, and the manufacturer’s capacity was 300000 tons. The actual transaction can be discussed. The price of Nanjing Dongfang caprolactam liquid is 10300 yuan / ton, the 400000 ton / year unit is in normal operation, and the caprolactam unit is in normal operation. The price of Baling Hengyi caprolactam liquid is 10000 yuan / ton, and the 450000 ton / year unit is normally started and delivered by acceptance. The price of caprolactam liquid of Baling Petrochemical Co., Ltd. is 10000 yuan / ton. The 300000 ton / year unit is normally started and accepted.

Industrial chain: this week, the price of raw material pure benzene rose steadily. The price of raw material pure benzene is 3100-3600 yuan / ton. On May 13, North China: Qilu Petrochemical Company quoted 3100 yuan / ton; East China: Yangzi Petrochemical Company quoted 3150 yuan / ton; South China: Hainan Refining & chemical company quoted 3150 yuan / ton; Central China: Wuhan ethylene company quoted 3150 yuan / ton; China chemical industry group quoted 3600 yuan / ton. Jingbo petrochemical company quoted 3600 yuan / ton; Dongming Petrochemical Company quoted 3500 yuan / ton; HSBC petrochemical company quoted 3150 yuan / ton; Jincheng petrochemical company quoted 3500 yuan / ton.

Industry: according to the price monitoring of the business agency, there are 13 kinds of commodities in the rise and fall list of bulk commodity prices on May 13, 2020, among which there are 2 kinds of commodities with an increase of more than 5%, accounting for 2.2% of the number of commodities monitored in this sector; the top 3 commodities are chloroform (6.06%), ethylene (5.24%) and isopropanol (4.19%). There are 9 kinds of commodities with a decline in the month on month ratio, and the top 3 products were lithium hydroxide (- 2.34%), propane (- 1.64%) and epichlorohydrin (- 1.62%). The average price of this day is 0.2%.

3、 Future forecast

Caprolactam analysts of the business club believe that the domestic caprolactam spot supply is tight this week, the price continues to rise, the price of raw materials is rising steadily, and the price of caprolactam continues to be high. As part of the enterprise equipment is about to restart, the supply side will ease, and it is expected that the caprolactam market will fluctuate at a high level in the short term.

1、 Price trend

According to the price monitoring of the business agency, the domestic polymerized MDI market is high and firm. As of May 13, the average price of the domestic aggregate MDI market is 12500 yuan / ton, 13.12% higher than the same period last month, 26.47% lower than the same period last year.

2、 Market analysis

Product: the market of aggregate MDI is strong, and the market price is strong. The information from the suppliers on the site is more favorable, and the market continues to be strong. The main manufacturers are in short supply, the agent shipping pressure is not big, the price is high, negotiate shipping. On the demand side, with the government’s support policies, the real estate market has recovered, and the epidemic situation has promoted the growth of consumer terminal demand for environmental protection and disinfection. Accordingly, the kitchen and electricity enterprises have launched the development strategy of set sales, with obvious advantages and good overall demand.

Industrial chain: raw materials, pure benzene: local downstream enterprises in Shandong purchase on demand, and the demand side support is acceptable. East China’s pure benzene market is generally negotiated, but there is no pressure on the inventory of the local pure benzene plant. Shandong’s market is stable, and the mainstream price is 3400-3600 yuan / ton.

Aniline: at present, Shandong aniline factory is mainly shipping and destocking, while the sales volume outside the factory in East China is increasing, and the market is on the lookout. Pay attention to the subsequent bidding of Jinling pure benzene. The main stream of Shandong market is 4600 yuan / ton spot exchange and 4690 yuan / ton acceptance. For East China market, RMB 4600-4800 / ton is accepted.

3、 Future forecast

Business point of view: the inquiry mood of downstream customers in the distribution market slightly changed, compared with the increase of inquiry before the festival. However, restricted by abundant inventory, small order purchase is the main thing. MDI analysts predict that the short-term domestic market price of MDI will be stable and wait for the change of market turnover.

1、 Price trend

This week, the civil gas market in Shandong Province rose broadly. At the beginning of the week, the average price of liquefied gas (Shandong) market was 2806.67 yuan / ton, while at the end of the week, the average price was 3033.33 yuan / ton, with an increase of 8.08% in the week and a decrease of 32.69% compared with the same period last year.

2、 Analysis of influencing factors

Price: this week, the civil market price of liquefied gas mainly increased. As of May 9, the factory price of Jilin Petrochemical liquefied gas is 2850 yuan / ton, Guangzhou Petrochemical liquefied gas is 2710 yuan / ton, Jingmen Petrochemical liquefied gas is 3050 yuan / ton, Shanghai Petrochemical liquefied gas is 3100 yuan / ton, Gaoqiao Petrochemical liquefied gas is 3070 yuan / ton, Qingdao Petrochemical liquefied gas is 2900 yuan / ton, Shandong Jincheng Petrochemical liquefied gas is 3100 yuan / ton , the factory price of Shijiazhuang refined liquefied gas is 2850 yuan / ton. The factory price of Luoyang Petrochemical LPG is 2750 yuan / ton.

Market: at the end of April and may, CP rose sharply, which was good for the market. After the May Day holiday, crude oil was the main player, and there was a demand for replenishment after the downstream Festival, so the market entry was more active. The manufacturer delivered goods smoothly, the inventory was not under pressure, and the price rose broadly. At present, Shandong refinery is in high load operation, and the market supply has increased compared with the previous period. The terminal market recovered in an all-round way, with general demand and stable weekend prices.

International market: Saudi Aramco announced in April that the price of propane and butane were lowered. Propane fell to $230 / T, down $200 / T from last month; butane $240 / T, down $240 / T from last month.

Industry: according to the price monitoring of the business agency, in the 18th week of 2020 (5.4-5.8), there are 9 kinds of commodities in the list of commodity prices rising and falling, including 4 kinds of commodities with an increase of more than 5%, accounting for 25% of the number of commodities monitored in the sector; the top three commodities are WTI crude oil (21.78%), Brent crude oil (8.31%) and liquefied gas (8.08%). There are 5 kinds of commodities falling on a month on month basis, with gasoline (- 3.33%), diesel (- 1.52%) and naphtha (- 1.47%) as the top three products. This week’s average was up or down 3.03%.

3、 Future forecast

At present, the demand of the terminal market is basically stable. This week, driven by the rise of international crude oil, the demand has risen sharply. However, at present, the weak crude oil has declined, and the market transaction atmosphere has been weakened. After May, with the temperature rising gradually, the downstream demand is expected to decrease, and it is expected that there may be a fall in the short term.

1、 Price trend of sodium pyrosulfite in China

According to the monitoring of business news agency, the price of domestic sodium pyrosulfite continued to fall again at the bottom this week. The average price of industrial grade sodium pyrosulfite at the beginning of the week was 1676.67 yuan / ton, and the average price at the end of the week was 1576.67 yuan / ton, down 5.96%.

2、 Market analysis

Products: in May, the overall performance of domestic sodium metabisulfite market is average, the price of upstream raw materials continues to be weak, the wait-and-see attitude of trade subjects is strong, the stock of sodium metabisulfite is overstocked and the cost of raw materials goes under the low pressure system, some enterprises cut the factory price again in may, the overall low price of domestic sodium metabisulfite market falls again, and the market price of industrial sodium metabisulfite this week Grid is located in the range of 1400-1700 yuan / ton. (the above prices refer to the foreign quotations of domestic mainstream enterprises, some of which are temporarily excluded from the scope. The prices are for reference only and have nothing to do with the final pricing of the manufacturer. For details, please contact each manufacturer for consultation).

Industry: the domestic soda price continues to be weak this week, the sulfur price remains stable at the bottom, the raw material cost continues to explore the bottom, and the market price of sodium pyrosulfite in the future is under pressure

3、 Future forecast

Business analysts believe that the stock backlog, raw material cost decline, weak terminal demand, many negative suppression, the market price of sodium metabisulfite warmer pressure.