Russian Prime Minister Dmitry Medvedev signed a government resolution on the same day, banning the export of oil and petroleum products to Ukraine from now on, according to a news release on the Russian government’s website on the 18th.

The resolution states that Russia has imposed an export ban on oil and petroleum products to Ukraine. In addition, from June 1 this year, only with the permission of the Russian Ministry of Economic Development, can some Russian oil, petroleum products and coal be exported to Ukraine. The resolution shall come into force as of the date of its promulgation.

On the same day, Medvedev also said through the media that in addition to prohibiting the export of oil and petroleum products to Ukraine, Russia will also prohibit the import of some products from Ukraine, including machinery manufacturing, light industry and metal processing products.

The Ukrainian government has decided to expand the list of bans on imports from Russia, according to a recent Russian newspaper Source. Medvedev said on the 18th that the recent Ukrainian policy is unfriendly to Russia. In this case, Russia was forced to protect its own interests and take response measures.

Price Trend Chart of Nitric Acid Market

According to the monitoring of business associations, the price of nitric acid in China has stabilized this week, with an average price of 1,560 yuan per ton.

II. Market Analysis

Products: This week, the domestic nitric acid market price continued to stabilize, the mainstream manufacturers in Jiangsu Province quoted 1,550-1,600 yuan/ton, Anhui Province quoted 1,500-1,600 yuan/ton, South China quoted 1,950 yuan/ton, the situation of nitric acid in various places has not improved, the price is stable.

Industry chain: The market performance of raw material liquid ammonia in upstream nitric acid is stabilizing, the price fluctuates slightly, the transaction is slightly deadlocked, the majority of manufacturers report stable, some manufacturers increase slightly, the inventory pressure of manufacturers is general. Downstream products TDI price market rose slightly.

3. Future Market Forecast

In summary, Nitric acid analysts of business associations believe that the market for nitric acid may increase slightly in the short term.

According to the data monitored by business associations, the price of domestic carbon black quoted 6,900 yuan/ton on April 15, with a small fluctuation and a price fluctuation range of 100-300 yuan/ton. This month, the volatility of carbon black market is mainly upward.

Domestic carbon black sales are still acceptable, wait-and-see atmosphere exists, and the quotation is still mainly stable. At present, the domestic quotation for N220 wet carbon black is about 6900 yuan/ton. Benefiting from the warming up of infrastructure and the improvement of liquidity, the downstream tire industry’s start-up rate and profit margin have recovered, thus driving the carbon black industry to a better development.

Future market forecast: Carbon black market is expected to stabilize in the future and rebound slightly.

On April 14, Baku TREND.AZ reported that the Azerbaijani Cabinet decided to abolish import tariffs of 15% on TS-1 fuel, K-20 lighting kerosene and KT-2 technical kerosene for jet engines from May 15, 2019 to January 1, 2020. According to another Cabinet decision, a consumption tax of 1 manat per ton is imposed on these types of fuels. The decision will also take effect from 15 May 2019 to 1 January 2020.

Potassium fertilizer prices in Europe fluctuated moderately as suppliers were pushing up the price of potash fertilizer in the second quarter. Some buyers gave prices far below the quoted price level, while some suppliers said that the CIF price of granular potassium chloride was as high as 305 euros (ton price, the same below), and the game between the two sides intensified.

The demand for granular potassium chloride in Southeast Asia is low. The Thai government raised the retail price of major fertilizers, but the increase did not stimulate consumption, while severe drought reduced market demand and prices. Vietnam’s Mekong Delta region usually starts to apply for fertilizer in March, and sales have declined due to lack of rainfall. With high inventories and delayed demand, Vietnam’s imports are also affected.

Last week, the price of potassium chloride remained stable and the price of potassium sulfate in East Asia fell. Since the abolition of export tariffs, the export volume of potash fertilizer in China has increased sharply, which may continue in the case of weak domestic market. Export market competition is intensifying.

It is reported that if the market demand meets the supplier’s expectations, the price of Brazilian granular potassium chloride may rise. The supplier does not give any reason for the price increase. If negotiation fails to reach an agreement, the buyer is prepared to reduce the purchase volume. The price of granular potassium chloride in Southeast Asia will remain stable. The price of granular potassium chloride in Northwest Europe may be in line with the new quarterly price to be announced by K+S in early May.