According to the bulk list data of business society, as of July 29, the average quotation price of epichlorohydrin enterprises was 13316.67 yuan / ton, down 9.41% compared with the price at the beginning of the week, up 1.91% compared with the price at the beginning of the month, and down 11.62% year-on-year in a three-month cycle.

This week, the epichlorohydrin market was weak, the overall demand performance of the market was poor, the market mentality was negative, the downstream was mainly cautious, the purchase intention was not high, the industry’s shipment was not smooth, the low-cost supply on the site continued to appear, and the market was weak and adjusted.

Upstream propylene, according to the bulk list data of business society, the recent (7.26-7.28) domestic propylene (Shandong) market has not changed much. The average market price on Monday was 7824 yuan / ton and on Wednesday was 7822.18 yuan / ton, down 0.02%.

For downstream epoxy resin, as of July 27, the liquid epoxy resin Market in East China had declined as a whole, and the high-end offer had declined significantly. The mainstream of the local market negotiated the offer of 31500-32000 yuan / ton barrel ex factory price.

Business society epichlorohydrin analysts believe that, on the whole, the current market weakness has not been significantly improved, and enterprise shipments are under pressure. However, supported by the cost side, it is expected that the epichlorohydrin market may be weak in the short term.

1、 Price trend

According to the data of business agency, the average price of domestic LNG on July 27 was 4870 yuan / ton, up 1120 yuan / ton compared with 3750 yuan / ton at the beginning of the month, 29.87% in the month, up 97.7% compared with the same period last year.

2、 Analysis of influencing factors

In July, the domestic LNG off-season market continued to rise, with an increase of about 30% in the month, almost doubling from the same period last year, and it was in the traditional off-season performance of consumption. The liquid price of this month increased mainly by the cost increase, the decrease of market supply, and the increase of high temperature weather demand. Meanwhile, the rising tone continued to boost, and the multiple positive superposition supported the domestic LNG price to rise sharply. The liquid price of various regions increased by more than 1000 yuan in the month, and the center of gravity moved up sharply. Now the liquid price in various parts of China has risen to more than 4500 yuan / ton. Shandong, Henan, Xinjiang and other places have exceeded 5000 passes and the sword finger is 6000. Recently, there are heavy rain in many places, which affect logistics in some regions. The market supply continues to decrease, the inventory of manufacturers is not under pressure, and the rising psychology of price rise is still the same. As for the current situation, the domestic LNG market is easy to rise and fall. At present, the price of domestic liquid and imported gas has been increased to some extent, including 4680-4900 yuan / ton in Inner Mongolia, 4750-5050 yuan / ton in Shaanxi, 4850-4950 yuan / ton in Shanxi, 4780-4880 yuan / ton in Ningxia, 5000-5210 yuan / ton in Henan, 4950-5200 yuan / ton in Hebei Province, 4600-5000 yuan / ton in Sichuan Province, and about 4500-5700 yuan / ton of air intake.

region Specifications July 27th July 1st Rise and fall

Inner Mongolia liquified natural gas 4680-4900 3450-3800 + 1230/+1100

Shaanxi liquified natural gas 4750-5050 3670-3800 + 1080/+1250

Shanxi liquified natural gas 4850-4950 3600-3800 + 1250/+1150

Ningxia liquified natural gas 4780-4880 3680-3850 + 1100/+1030

Henan liquified natural gas 5000-5210 3670-3850 + 1330/+1360

Hebei liquified natural gas 4950-5200 3750-3950 + 1200/+1250

Sichuan liquified natural gas 4600-5000 3500-3900 + 1100/+1100

The price of LNG increased, which led to the increase and decrease of downstream products:

Methanol, July 26, methanol reference price is 2585.00, compared with July 1 (2555.00), it is up 1.17%, and the factory quotation of enterprises in the Middle East of Shandong Province is stable around 2550-2600 yuan / ton; Dongying, Zibo and other surrounding industries in early Zhou state of mind partial to watch, pay attention to the price dynamics in Northwest China. The factory quotation of enterprises in southern Shandong Province was stable to 2600 yuan / ton, and the regional commencement fluctuated in a narrow range. The local delivery of Linyi was 2570 yuan / ton, and the demand of downstream was not good.

Liquid ammonia, recently, the domestic liquid ammonia market continued to rise. According to the monitoring of the business agency, liquid ammonia has been in high consolidation from June to early July after a big rise in May. Since mid July, the liquid ammonia market started again, and continued to rise, with a strong increase. According to the monitoring of the business society, liquid ammonia rose 6.72% in the last two weeks (July 12-22). At present, the market price range in Shandong is 4500-4800 yuan / ton, and some quotations have broken through the 4800 mark, reaching the highest level in history. The soaring price of liquid ammonia is the result of the double effects of high cost and tight supply and demand.

Urea, on July 26, the reference price of urea was 2810.00, up 0.36% compared with July 1 (2800.00). The price of upstream coal and liquefied natural gas has increased slightly in recent years, and the cost support is strengthened. From the aspect of demand, there are a few fertilizer dressing phenomena in North China and East China, and the agricultural demand is general; Downstream compound fertilizer, rubber plate factory, melamine enterprises can start, mostly follow up with the use of low and appropriate amount. From the aspect of supply: the unit maintenance of urea enterprises is still in the near future, the start-up recovery is slow, the daily production is still less than 160000 tons, the supply end is tight, and the enterprise inventory and social inventory are also kept in a lower position. International: on the evening of July 13, India issued a new round of import bidding, which has boosted the mentality of domestic market. Overall, the support of urea cost is strengthened, downstream demand is weakened and urea supply is tight.

3、 Future forecast

Analysts of liquefied natural gas of business society believe that: at present, there are shutdown and maintenance of liquid plants such as Hongxing, Dazhou Huixin and other liquid plants in Ningxia, and the rain in some areas, the market supply has been tightened, the inventory of manufacturers is not under pressure, the sales pressure is not large, the rising psychology of price rising is still high. It is expected that the domestic liquid gas market will not decrease in the short term, and the price may continue to rise.

From July 19 to July 23, 2021, the market price of crude benzene continued to decline, at 6441 yuan / ton at the beginning of the week and 6126 yuan / ton at the end of the week, down 4.89%.

Summary of price adjustment of Sinopec pure benzene in July 2021 (unit: yuan / ton)

Date., adjusted price., adjusted amount

July 2, 8750., + 300

July 12, 8600. – 150

July 19, 8450. – 150

July 21, 8150. – 300

On July 21, 2021, the listing price of Sinopec’s pure benzene was reduced by 300 yuan / ton. At present, it is 8150 yuan / ton, of which Qilu Petrochemical is 8100 yuan / ton.

This week, the trend of pure benzene market first fell and then rose. The trend of crude oil market in the first half of the week was downward and the price rebounded at the weekend. The pure benzene market closely followed the trend of crude oil this week and mainly operated from weak to strong. The hydrogenated benzene market is affected by Sinopec’s two rounds of lowering the ex factory price of pure benzene this week. At present, the market mentality is weak and the overall market is mainly on the sidelines. The crude benzene market continued the weak market. The bidding price in Shandong was reduced by 315 yuan / ton, and 6125-6130 yuan / ton was implemented this week.

At present, the raw material supply of some coking enterprises is relatively high, but the overall profit of some coking enterprises is still limited by the environmental protection policy, but the supply of raw materials is still relatively high. There is a maintenance plan for some downstream hydrobenzene units, and it is expected that the demand for crude benzene will be tightened to a certain extent. It is expected that the price of crude benzene will not have a large upward space, mainly maintaining a weak shock trend.

1、 Price trend

According to the market data, the average price of glycerin was 23.48 yuan / ton, down from 6036.7 tons last Friday, down from the average price of glycerin on Friday.

The price range of glycol fluctuated on Tuesday. The ex factory quotation of Sinopec in North China was temporarily stable and that of Sinopec in South China was temporarily stable. PetroChina northeast Jilin Petrochemical lowered its quotation by 600 yuan / ton.

2、 Analysis of influencing factors

As of July 19, the total inventory of diethylene glycol in the main port of East China was 19600 tons, a decrease of 4700 tons or 19.34% compared with last Monday.

Sinopec South China unit operates smoothly. At present, PetroChina northeast Jilin Petrochemical has shut down and overhauled the diethylene glycol production line, with a unit capacity of 109000 T / A. It is expected to restart in late July. It is mainly supplied to users in Northeast China, most of which are produced and used by themselves, and the export volume is small.

3、 Analysis and prediction

The overall supply and demand performance was relatively stable. The low price and small stock of downstream factories supported the upward trend of real orders in the market, and the transaction was slightly supported. Crude oil and ethylene glycol rose, giving the market some support and boost. It is expected that the short-term diethylene glycol market will still be dominated by shock consolidation.

Price trend

According to the bulk list data of business society, the recent domestic PA66 market is weak, and the spot prices of various brands have weakened in a narrow range. As of July 23, the average offer price of PA66 adhesive injection molding sample enterprises of business society was about 38250 yuan / ton, a decrease of 0.78% compared with the average price at the beginning of the month and a weekly decrease of 0.65%; There was a year-on-year increase of 102.92%.

Cause analysis

The upstream adipic acid market strengthened significantly in early July. Although it fell slightly recently, the price is still above the 10000 yuan mark. Previously, pure benzene, the raw material of Lido adipate, has declined recently. Although the supply of pure benzene in the spot market is still tight, the downstream products are at a loss and the load of some units is reduced. The demand for pure benzene decreased, with great downward pressure, and adipic acid followed the decline of upstream pure benzene. In terms of supply, the change of adipic acid operation level is limited, the manufacturer’s inventory pressure is general, and some enterprises return to work after maintenance, diverting the supply pressure. In the early stage, the manufacturers concentrated on raising the listing price. At present, the market offer maintains the price range after the rise, and some dealers have no goods in their hands. There are signs of empty rise and virtual high price. However, at present, it has gradually entered the off-season, the shipment fluency has gradually decreased, and the market response has gradually been light. At present, there has been some resistance to the spot price, and it is expected that the market will weaken in a narrow range in the near future.

The height and narrow range of raw adipic acid are adjusted, and the cost side support of PA66 is acceptable. Recent market shows that PA66 price has no feedback on upstream support, and the market is still in the off-season. Generally, the pattern of weak supply and demand remains unchanged. In terms of operating rate, the overall load level of domestic PA66 enterprises is not high, and there has been no news of resumption of work since July. The demand follow-up of terminal enterprises is slow, buyers have a heavy wait-and-see mentality, and the on-site delivery orders are small. The merchant’s offer operation is biased towards flexible shipment and drags the price focus. Recently, the market momentum has not improved, and the light state continues.

Future forecast

Business analysts believe that the domestic PA66 market has weakened narrowly recently, and the feedback on the cost side support of adipic acid is poor. In the case of poor profit of end users and insufficient follow-up of stock demand, the upstream benefit was not reflected in the spot price of PA66. The current market is still relatively prominent in the off-season, with weak supply and demand. At present, the market lacks trading power and the market atmosphere is weak. It is expected that the PA66 market will be weak in the short term.