1、 Price trend

Business agency: MTBE market price fell this week (April 20-26)

The price of MTBE at the end of this week was 3400 yuan / ton, down 5.12% from the previous week, according to the data of business agency.

2、 Market analysis

Product: this week, the international crude oil price fell, the demand of gasoline market was not good, the market price followed the decline, and the domestic MTBE price fell in this cycle.

Industry chain: lack of good news support in gasoline this week, downstream gas stations mostly replenish their warehouses as needed, and with the sharp drop in international oil prices, gasoline prices fell 3.44%

On the MTBE Market: WTI futures delivery dropped international oil prices, coupled with the arrival of low-cost imported MTBE resources in Hong Kong, which triggered strong bearish sentiment in the domestic market. MTBE manufacturers had a difficult shipment and the price entered the downward channel. In May, the main business unit suspended the use of gasoline for air-conditioning oil suppliers. The southern market has a relatively obvious impact. The market is mainly weak and stable. In addition, the domestic alkylation oil in this cycle shows a significant decline after a small increase. The market price of MTBE is mainly down this week.

3、 Future forecast

According to MTBE product analyst of energy branch of business news agency, international crude oil demand is weak, market price is still under pressure, and domestic refined oil demand has no bright spot, which is negative for MTBE market demand. It is expected that MTBE market price will continue to decline slightly next week.

On April 22, the PX commodity index was 34.40, which was the same as yesterday, setting a new low in the cycle, 66.41% lower than the highest point of 102.40 on February 28, 2013. (Note: cycle refers to 2013-02-01 to now)

According to statistics, the market price trend of p-xylene in China is temporarily stable, the operation of new 600000 ton plant in Hongrun is stable, the operation of petrochemical plant in Pengzhou is stable, 50% of petrochemical plant in Urumqi is started, one line of aromatics plant in Fuhai Chuang is started, CNOOC Huizhou refining and chemical plant is overhauled, the PX plant in Hengli Petrochemical is put into operation, other units are temporarily stable, and the operation rate of domestic p-xylene plant is stable In about 70%, the domestic market supply of p-xylene is normal, and the domestic market price trend of p-xylene is stable temporarily. The operating rate of PX plant in Asia is about 80%. On April 21, the closing price of PX market in Asia dropped by 7 US dollars / ton, and the closing price was 445-447 US dollars / ton FOB South Korea and 465-467 US dollars / ton CFR China. More than 40% of PX in China needs to be imported. Recently, affected by the lower crude oil price, the external price of PX declined slightly, and the market price trend of PX was stable temporarily.

As of the 21st, the price of WTI crude oil futures market in the United States fell again, with the main contract at 11.57 yuan / barrel, and the settlement price fell by 8.86 US dollars, or – 43.07%. Brent crude oil futures market prices also fell sharply, with main contracts at $19.33/barrel and settlement prices down $6.24, or – 24.4%. Saudi Arabia and other OPEC member states are considering cutting oil production as soon as possible, rather than waiting until next month when the organization reached production agreements with the United States and Russia. Crude oil price plummeted and lost the cost support of downstream petrochemical products, and the market price trend of p-xylene was stable.

In terms of downstream PTA, the price trend of domestic PTA spot market declined, with the market average price of 3000-3100 yuan / ton as of April 22, and PTA price continued to decline in the near future. Affected by the sharp decline of crude oil price, the downstream PTA market price continued to decline. However, due to the sharp increase of global mask market demand, domestic polyester staple fiber, polyester chips and other downstream production and sales picked up, PTA was supported under the increase of demand. At the same time, after the production and sales volume at the beginning of the month, the inventory pressure of polyester factory has been relieved, and the polyester profit has been maintained at a relatively good level at present, the unit maintenance plan has been reduced, and the polyester starting load has been maintained around 83%. However, the overall transaction atmosphere in the downstream polyester filament market continued to be light, PTA prices fell recently, and the domestic p-xylene price trend was temporarily stable.

In recent years, the trend of crude oil price has declined, the price of downstream PTA market has declined slightly, and the demand of downstream terminal has not improved significantly. The analysts of business club think that the price of PX market may trend or slightly lower.

1、 Price trend

According to the monitoring of bulk data from the business agency, the chloroform market in Shandong began to decline. As of April 21, the price of chloroform in Shandong was about 1650 yuan / ton, down 2.94% from the previous day.

2、 Cause analysis

Product reason: at present, the trichloromethane production enterprises in Shandong Province have started smoothly as a whole, and the market supply is tight, but the downstream market demand is not good. In order to reduce the subsequent inventory pressure, the enterprises bid more for shipment, and the market price continues to fall. At present, the quotation in Shandong is about 1650-1700 yuan / ton, Jiangxi Liwen is about 2200 yuan / ton, and Jiangsu is about 2800 yuan / ton.

Industry chain: in the upstream, the domestic methanol market runs at a high price, the enterprise’s inventory pressure is not high, the surrounding market is actively pushing up, and the market transaction atmosphere is fair, at present, about 1730 yuan / ton; the liquid chlorine market is adjusted by shocks, the downstream market demand is improved, and the enterprise’s shipment is stable, and the current quotation in Shandong is about 500-700 yuan / ton. In the downstream, the supply and demand of domestic refrigerant market are weak, and the delivery is cold; the recovery of solvent and pharmaceutical pesticide industry is slow, the demand is weak, and the price support for chloroform is insufficient.

3、 Future forecast

According to the data analyst of methane chloride of business association, although the spot supply of trichloromethane is tight at present, the demand of downstream market is still poor. The supply and demand of the industry are weak, and the inventory pressure of enterprises has increased. More competitive shipments are expected, and the operation is expected to be weak in a short time.

1、 Price trend

According to the monitoring of bulk data from the business agency, the domestic acetic acid market continued to rise. As of April 20, the quotation in Henan was about 2150 yuan / ton; in Shandong, it was about 2150-2300 yuan / ton; in Hebei, it was about 2250-2300 yuan / ton; in Shaanxi, it was about 2250 yuan / ton; in Jiangsu, it was about 2200-2300 yuan / ton; in Zhejiang, it was about 2350-2450 yuan / ton; in South China, it was about 2150 yuan / ton The regional delivery quotation is about 2300-2400 yuan / ton, which is 10.82% higher than that on April 7.

2、 Cause analysis

Product: after continuous decline in February and March, the domestic acetic acid market finally ushered in a rebound. There are two main reasons for the rise of acetic acid. One is that the enterprises have successively overhauled or issued corresponding overhaul plans, among which Jiangsu Thorpe’s 1.2 million ton / year plant began to be overhauled on the 20th for 30-40 days, Nanjing Celanese’s 1.2 million ton / year plant planned to be overhauled on the 23rd for more than 30 days, Hebei Jiantao’s 500000 ton / year plant planned to be overhauled on the 5th of May for about 30 days, and Shaanxi’s 300000 ton / year plant planned to be extended Shanghai Huayi 700000t / a plant is planned to be overhauled for more than 30 days on May 8. In addition, Yankuang plant is planned to be overhauled for about 30 days in mid May. Due to the long-term and half negative operation of Yankuang plant, there is a certain tension in the market spot supply. Some enterprises have started to ship in limited quantity in preparation for inventory. Downstream users and traders have a high intention of preparing goods. The market transaction atmosphere is active, and the situation of supply exceeding demand in the industry is extremely strong On the other hand, due to the high price of raw material methanol, and the continuous decline of acetic acid market, the ex factory price of acetic acid has fallen to the vicinity of the cost line. In order to reduce the storage pressure, some enterprises in East China even made losses and shipments, and the intention of enterprises to hold up prices is strong.

Industry chain: in the upstream, the domestic methanol market is operating at a high price, and the inventory pressure of enterprises is not high. The surrounding market is actively pushing up, and the market transaction atmosphere is fair. At present, about 1775 yuan / ton is available. The domestic acetate, vinyl acetate and other industries have strong resistance to high prices due to the terminal market, and the price starts to decline after the continuous rise, and the overall demand of the downstream industry is still weak. PTA market has a narrow range Fall, the spot market negotiations are weak, weak demand side on PTA market support negative.

International: affected by the global health events, the international acetic acid price continues to decline, and the export end has insufficient support for the domestic acetic acid price. At present, the acetic acid Market in North America is about 485 US dollars / ton; the Asian market is about 250-300 US dollars / ton; the European acetic acid market is about 570 euros / ton.

3、 Future forecast

According to the acetic acid analyst of the business agency, affected by the centralized maintenance of the later stage devices, the arrival expectation of the enterprise has dropped significantly, the overall inventory of the market is at a low level, and the situation of supply exceeding demand has been effectively alleviated. The downstream market is dominated by rigid purchase and demand, the buying intention of the industry is gradually increasing, and the trading atmosphere is active. It is expected that the acetic acid price market will run well in a short time.

1、 Price trend of sodium pyrosulfite in China

According to the monitoring of the business association, the domestic price of sodium pyrosulfite continued to move forward steadily 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 1676.67 yuan / ton, up or down 0.

2、 Market analysis

Product: this week, the domestic sodium metabisulfite market as a whole continued to move forward at the bottom, with general market performance, strong wait-and-see attitude of trade subjects, weak downstream demand, and the market price of industrial sodium metabisulfite generally in the range of 1600-1750 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 chain: this week, domestic soda ash and sulfur prices fell again, raw material costs continued to fall, downstream demand continued to be weak, and the overall price of sodium metabisulfite will continue to bear pressure.

3、 Future forecast

Analysts of the business club believe that the price of raw materials has fallen again, the downstream demand continues to be weak, and many negative effects have been suppressed, so there is still some room for the future market price of sodium metabisulfite to fall.