According to the data from the commodity list of business news agency, the market of formaldehyde in Shandong has been declining recently. On March 22, the average price of formaldehyde in Shandong was 1316.67 yuan / ton, and on March 23, the average price of formaldehyde in Shandong was 1273.33 yuan / ton, down 3.29%. The current price has increased by 6.11% month on month, and the current price has increased by 24.03% year on year.

Recently, the domestic formaldehyde market price has fallen. As of March 23, the mainstream factory price in Central China is about 1283 yuan / ton, the mainstream factory price in North China is 1175 yuan / ton, and the mainstream factory price in East China is 1264 yuan / ton. Shandong Linyi Galaxy formaldehyde production capacity of 120000 tons / year formaldehyde plant has been restarted. Recently, the atmosphere of formaldehyde market trading is light, the transaction is flat, and the market goes down.

Upstream methanol situation: the mainstream negotiation of methanol market in central Shandong is 2070-2080 yuan / ton to be sent to cash. Shandong methanol Lubei market negotiation price is stable at 2070-2080 yuan / ton to cash. The mainstream negotiation price of methanol market in southern Shandong was temporarily stabilized to 2180-2200 yuan / ton, and the factory withdrawal spot exchange was nearby. Linyi receives the local goods to negotiate the price to 2160-2170 yuan / ton and deliver them to cash exchange, while the logistics goods offer to deliver them to cash exchange at 2130-2140 yuan / ton. Methanol market continued to fall, can not give support to formaldehyde market.

In recent years, the atmosphere of stock preparation of downstream plate factories and adhesive factories in Shandong Province is light, and the industry is in a strong wait-and-see mood. Some manufacturers maintain a just need to purchase, and their support for formaldehyde is limited. Formaldehyde market tends to fall.

Recently, the upstream raw material methanol showed a downward trend, the downstream plate factory demand was general, the cost side fell, it is difficult to support the formaldehyde market, so the formaldehyde analyst of business society chemical branch predicted that the recent formaldehyde price in Shandong mainly fell below.

According to the monitoring data of the business community, as of March 22, the reference price of domestic industrial grade propylene glycol was 16000 yuan / ton, which was 300 yuan / ton lower than that of March 15 (16300 yuan / ton), a decrease of 1.84%. Compared with March 1 (reference price 15433 yuan / ton), the average price increased by 567 yuan / ton, or 3.67%.

In early March, the domestic propylene glycol market rose significantly. The average ex factory price of propylene glycol increased from 15433 yuan / ton at the beginning of the month to 16300 yuan / ton. The average price increased by nearly 900 yuan / ton, with an increase of more than 5% in half a month.

High disk integer in late March after propylene glycol market shock down

In late March, the propylene glycol market was consolidation at a high level. A few days later, the market entered a stage of shock adjustment. On the 16th, the quotations of some factories and cargo holders in Shandong were slightly reduced, with a downward range of about 200-500 yuan / ton. Subsequently, the market offer remained stable. On the 19th, the latest spot offer price of a large manufacturer in Shandong was lowered again by 300 yuan / ton. On the 22nd, the actual transaction price of propylene glycol market of some dealers in Shandong continued to yield a small profit, and the price was loosened, with a decrease of 100-200 yuan / ton. At present, in terms of propylene glycol supply, some manufacturers mainly deliver foreign trade orders, and the domestic market is in decline Many industries continue to purchase from rigid demand. As of the 22nd, the factory price reference of domestic propylene glycol was about 15800-16300 yuan / ton, and the average price reference was 16000 yuan / ton. Compared with the current market high of this month (16300 yuan / ton on the 15th), the price decreased by 300 yuan / ton, and compared with the price at the beginning of this month (15433 yuan / ton on the 1st), the price increased by 567 yuan / ton, up 3.67% at present.

In terms of raw materials, in late March, the market of propylene oxide in Shandong Province was stable, moderately strong, and the market of propylene oxide fluctuated slightly. At present, the supply of propylene oxide was slightly tight, and the operators were more cautious to watch the start-up trend of new units. At present, the price of propylene oxide is at a high level. As of the 22nd, the factory price of propylene oxide in Shandong is 19500-20300 yuan / ton, and the average price is 20100 yuan / ton, up 6.73% compared with March 1 (18833.33 yuan / ton).

The fundamentals are relatively stable, and the future market adjustment is limited, which will stabilize after falling

At present, the trading atmosphere of propylene glycol in the market is acceptable, the supply and demand side is basically stable, and the possibility of the market continuing to decline is small. The propylene glycol analysts of the business community believe that in the short term, the propylene glycol market will be able to maintain the trend of stabilization after the decline, and the specific market still needs to pay close attention to the changes of cyclopropane and supply and demand.

On March 19, the overall styrene market fell. Crude oil fell sharply, pure benzene fell along with the trend, ethylene price was firm, and the cost side moved down. Due to the strong price of raw materials, the price of styrene dropped sharply, the profit of styrene was quickly compressed to near the theoretical cost, and the shock finishing of styrene at night did not bring good to the spot styrene market. This week, the speed of port going to the warehouse was accelerated, which supported the price of styrene. However, with the resumption of production of early maintenance devices and the launch of new production capacity, the domestic supply increased. On the downstream side, ABS continued to decline, and some EPS factories had obvious inventory pressure, resulting in insufficient market gas. To sum up, under the expectation that the export is not well supported and the supply is increasing but the demand is low, it is expected that the styrene market will still be in the shock consolidation stage after the rapid rise and fall in the short term.

Today, the price of styrene in East China was lowered to around 8400-8450 yuan / ton. The price is around 8400 yuan / ton in Northeast China and 8950-9050 yuan / ton in South China.

1、 Trend analysis

According to the nickel price monitoring of the business community, the nickel price rose slightly this week. The spot nickel price was 122900 yuan / ton, up 0.42% from 123833.33 yuan / ton at the beginning of the week, down 4.08% from the beginning of the year, and up 33.42% year on year. At the beginning of this week, Shanghai nickel mainly opened at 121300, and then the price fluctuated in a narrow range, closing at 120610 on Friday, down 0.28%. Lunni closed at US $16035 on Friday, up 0.12%.

2、 Market analysis

This week, nickel prices mainly fluctuated at low levels, with little rise or fall. Since the previous high nickel matte event, nickel prices have been stagnant and hovering at a low level. The domestic nickel mine inventory in the upstream has dropped to the lowest level in recent years, and the mine restart of Norilsk company has been delayed, and the nickel mine tension has continued. Recently, the news of Qingshan ferronickel turning to high nickel matte has been gradually digested. At present, the domestic nickel inventory is still at a low level, and the tight supply situation still exists, which supports the stabilization of nickel price. However, as the end of the rainy season approaches in the Philippines, the situation of tight nickel mines will be eased, or there will be pressure on nickel prices.

1、 Price trend

According to the monitoring data of the business community, the price of sodium bicarbonate has been running at a high level recently. On March 18, the average price in the domestic market was 1616.67 yuan / ton. On March 17, the commodity index of baking soda was 106.64, up 2.88 points from yesterday, down 12.36% from the highest point of 121.68 points (2020-10-21) in the cycle, and up 20.81% from the lowest point of 88.27 points on December 22, 2020. (Note: cycle refers to the period from September 1, 2020 to now)

2、 Market analysis

According to the business community, the price of sodium bicarbonate is running at a high level, and the shipment in the downstream market is fair. At present, the price of sodium bicarbonate in Henan is about 1550-1700 yuan, which is the mainstream quotation in the market. The downstream demand is acceptable. It is expected that the price will be slightly consolidated in the near future. The price of baking soda in Hebei is about 1550-1650 yuan / ton, which is the mainstream price in the market, and the downstream demand is acceptable.

Raw materials: according to the monitoring data of the business community, the domestic soda price is strong. The price of soda ash in East China is strong, and the current mainstream market price of light soda ash is about 1650-1750 yuan / ton. The price of soda ash in North China is strong, and the current mainstream market price of light soda ash is about 1650-1800 yuan / ton. The price of soda ash in Central China is strong. The current mainstream market price of light soda ash is about 1600-1700 yuan / ton. The demand for soda ash is relatively stable due to the increase of downstream glass price. It is expected that the price of soda ash will be strong in the short term.

Demand side: downstream medicine, textile and food demand for bicarbonate is fair, and the price of bicarbonate has strengthened after the recent rise. Analysts from business news agency think: in the near future, the price of raw material soda ash has gone up, which is relatively strong, and the demand of downstream market is fair. Generally speaking, the price of sodium bicarbonate may maintain a strong trend in the short term, and the specific situation depends on the demand of downstream market.