1、 Price trend of formic acid

(Figure: P value curve of formic acid products)

2、 Market analysis

Recently, the domestic industrial grade 85% formic acid market has risen. According to the data of the business club, the average price quoted by formic acid enterprises as of December 16 was 2300 yuan / ton, up 2.99% compared with last Wednesday (December 9), and increased by 11.29% on a three-month cycle. In the near future, the price of raw materials has risen steadily, and the cost side has certain support. Affected by the factors of supply reduction, the price of formic acid has increased.

According to the business agency data monitoring: recent summary of some enterprises formic acid prices. The ex factory quotation of industrial grade 85% formic acid of Zhangzhou San’an Chemical Co., Ltd. is 2400 yuan / ton, that of Jintan local industrial supply and Marketing Co., Ltd. is 2600 yuan / ton, that of Shandong tashuo Chemical Co., Ltd. is 2400 yuan / ton, and that of Jinan jinrihe Chemical Industry Co., Ltd. is 2300 yuan / ton, Henan bafoss chemical products Co., Ltd. (Shandong Luxi) industrial grade 85% formic acid quoted 3200 yuan / ton, (Yangzi BASF) industrial grade 85% formic acid quoted 4400 yuan / ton, (domestic) industrial grade 94% formic acid quoted 6400 yuan / ton, the quotation is for reference only, the merchant spot price is subject to the market, the actual transaction price is mainly negotiated.

For the upstream caustic soda, on December 15, the price of caustic soda in Shandong was temporarily stable, and the mainstream ex factory price of 32% caustic soda was 400-530 yuan / T. the downstream purchasing demand was general, and there was a certain conflict with the current caustic soda price. It is expected that the follow-up or narrow range of caustic soda consolidation will be weak. The domestic liquid ammonia Market in the upstream region rose mildly last week (12.7-12.11), and there were differences in Hebei and Shandong from the beginning of the week to the middle of the week According to the monitoring of the business agency, the increase was 0.52% in Shandong, and the mainstream market quotation was 3000-3200 yuan / T; for the upstream sulfuric acid, on December 15, the sulfuric acid Market in Shandong was temporarily stable, while the sulfur market in the upstream was rising slightly, with good cost support, but the downstream purchasing enthusiasm was the same, the supply of sulfuric acid was normal, and the factory price of sulfuric acid in the future market fluctuated slightly; the upstream methanol, according to the monitoring of the business agency, was stable Data show that as of December 15, the average price quoted by enterprises was 2210 yuan / ton, up 5.49% compared with the beginning of the month.

According to the price monitoring of the business agency, on December 15, 2020, there were 16 kinds of commodities in the chemical industry sector, among which one commodity increased by more than 5%, accounting for 1.1% of the total number of commodities monitored in this plate; the top three commodities were nitric acid (8.77%), R134a (4.17%) and crude benzene (3.15%). There were 21 kinds of commodities falling on a month on month basis. The top three products were acetone (- 3.46%), phthalic anhydride (- 2.85%) and styrene (- 2.49%). The average rise and fall was – 0.01%.

3、 Future forecast

Formic acid analysts of the business community believe that in the near future, the supply of market supply has decreased, and the demand for formic acid in the downstream industry is fair. Affected by the relationship between supply and demand, it is expected that the formic acid market will be mainly stable in the short term, and more attention should be paid to market news guidance.

According to the price monitoring of the business agency, the domestic spandex market remained stable in December. As of December 15, the average ex factory price of 40d was 41400 yuan / ton, up 0.73% compared with the beginning of the month, and the increase was significantly narrowed, with a year-on-year increase of 29.78%. The spandex industry started about 90% of the total, which remained high, and the supply of goods was gradually stabilized, and the shortage of goods in the early stage was slightly eased. Upstream raw material market rose and fell, pure MDI spot price continued to decline, PTMEG rose broadly, and cost support remained. Downstream customers purchase on demand and follow up carefully.

Current mainstream price statistics of spandex market (unit: yuan / ton)

20D 30D 40D

Zhejiang 46000-50000 45000-47000 37000-39000

Shandong 48000-50000 45000-48000-38000-41000

Fujian 48000-50000 45000-48000-38000-41500

Jiangsu 46000-50000 45000-47000-37000-39000

Pure MDI market has been weakening, and most of the shippers follow the market, and the transaction focus is on the middle and low end. The market reference is 23000-24000 yuan / T of telegraphic transfer in barrels, and the actual order negotiation shall prevail. In December 2020, the listing price of pure MDI in barrels of Wanhua chemical was 28000 yuan / ton, which was the same as that in November, and the settlement price in November was 27500 yuan / ton. PTMEG market continues to maintain its price. At present, the mainstream quotation of 1800 molecular weight goods source is 18000-19000 yuan / ton, and the actual order negotiation is 17000-18400 yuan / ton, with an increase of 1000 yuan / ton on a month on month basis. More than 80% of the industry has been started, and the start-up remains at a high level. Among them, the load of the 46000 ton unit of Chongqing Chiyuan Chemical Industry Co., Ltd. slightly decreased by about 70%, and the 40000 ton unit in Yizheng Dalian was shut down.

In the near future, terminal consumption continues to continue the characteristics of the off-season, and the spot market reflects that it is difficult to take goods, and just needs to purchase. After the “double 11″ and “double 12″ shopping orders are gradually delivered, it enters the traditional off-season. At present, the new orders are not good, the overall market is relatively depressed, and the enterprise funds are relatively tight, and the enthusiasm for purchasing raw materials is not high. At present, less than 60% of the work in the field of circular machine is started, and the operation is weak, and about 70% in the field of warp knitting.

Business analysts believe that the current raw material market still has a certain support, spandex manufacturers supply gradually relaxed, downstream customers are not high, all parties wait and see. Overall, it is expected that the spandex market will maintain high volatility in the short term.

1、 Price trend

This week, the factory price of urea in Shandong Province rose. The quoted price rose from 1806.67 yuan / ton at the beginning of the week to 1826.67 yuan / ton at the end of the week, up 20 yuan / ton or 1.11%, 7.45% higher than the same period last year. Overall, the urea market rose this week, and the urea commodity index on December 11 was 84.96.

2、 Market analysis

From the manufacturer’s quotation point of view, the mainstream urea factory price in Shandong area rose this week. At the end of this week, the price of urea in Yangmei plain was 1830 yuan / ton, which was 10 yuan / ton higher than that at the beginning of the week; the price of Shandong Ruixing urea was 1810 yuan / ton at the end of this week, which was 10 yuan / ton higher than that at the beginning of the week; the price of open water urea was 1840 yuan / ton at the end of this week, which was 40 yuan / ton higher than that at the beginning of the week.

From the perspective of supply and demand, the domestic demand is fair, the agricultural demand in the northern region has followed up, and the industrial demand follows the market and purchases on demand. On the supply side, some enterprises limited production and equipment maintenance, resulting in local spot shortage.

From the perspective of upstream and downstream industrial chain: the overall rise of urea upstream products this week: the price of liquefied natural gas rose, with the price of liquefied natural gas rising from 5043.33 yuan / ton at the beginning of the week to 5366.67 yuan / ton at the end of the week, with an increase of 6.41%, 25.59% compared with the same period last year; the price of liquid ammonia rose this week, from 3200.00 yuan / ton at the beginning of the week to 3216.67 yuan / ton at the end of the week, up 0.52% compared with the same period last year 23% year on year. The price of melamine downstream of urea fell this week, from 7433.33 yuan / ton at the beginning of the week to 7200.00 yuan / ton at the end of the week, a decrease of 3.14%. Overall, this week urea cost support is strong.

3、 Future forecast

In the middle of December, the market of urea in Shandong Province fluctuated slightly. According to urea analysts of the business club, the current agricultural demand has been followed up, and the downstream industry has a fair enthusiasm for urea procurement, and the industrial demand is purchased on demand. It is expected that the short-term urea market will fluctuate slightly.

The domestic methanol market is rising, and some manufacturers have raised their ex factory quotations by 50-80 yuan / ton. According to the monitoring data of business agency, the average price of methanol producers in Shandong was 2107 yuan / ton at the beginning of the week, and 2130 yuan / ton at the weekend, with an increase of 1.07% during the week, a rise of 1.43% on a month on month basis and a rise of 0.24% on a year-on-year basis.

As of December 11, summary of methanol market prices in different regions:

Region, price,

Qinghai Area/

1940-1960 yuan / t spot exchange in Shanxi

RMB 1970-2000 / T in Liaoning

2400 yuan / ton, tax included tank discharge in Fujian area

Reference: 2140-2180 yuan / ton

Acceptance and delivery of 2250-2280 yuan / ton in Anhui Province

In Henan Province, the transaction price was 2065-2070 yuan / ton

This week, the domestic methanol market as a whole is relatively strong, and the prices in the mainland and ports have increased in different ways. Among them, the mainland market is affected by the gas restriction in Southwest China and the maintenance of some devices. The market atmosphere is good, and the upstream shipment is smooth. Some enterprises have stopped selling or limited sales to ensure long-term supply.

On the external side, as of December 10, the closing price of CFR China methanol was 271.50-272.50 US dollars / ton, up 5 dollars / ton; CFR Southeast Asia methanol closing price was 302.50-303.50 dollars / ton. The U.S. Gulf methanol closed at 117.75-118.25 cents / gallon; FOB Rotterdam methanol closed at 334.50-335.50 euro / ton, up 10 euro / ton.

From the perspective of the future market, on the positive side, some enterprises in Southwest China have shut down or reduced production load; some enterprises have stopped selling or restricted sales, and the supply side has been tightened; the trend of coal and natural gas is stronger, and the methanol cost side is better supported. On the negative side, under the influence of low temperature, some formaldehyde enterprises started to reduce their production, and the overall demand was general; Ningbo Fude 600000 T / a DMTO plant had a maintenance plan in January, and the olefin demand declined in the later stage; the downstream still had a mentality of resistance to high prices, and the mentality of the middle and lower reaches was weak. Business community methanol analysts predict that the short-term domestic methanol market behavior.

According to the data monitored by the business agency, as of December 10, the average price of domestic rubber grade white carbon black was 4733.33 yuan / ton, the market was running smoothly, the downstream just needed to purchase, the price was slightly reduced, the overall supply and demand of the market was balanced, showing a weak operation, the purchasing atmosphere was flat, most of the contract customers were contract customers, the quotation range was maintained between 4000-5000 yuan / ton, the shipment was smooth, and the inventory was full Foot.

The domestic rubber grade silica market has a stable trend. At present, the shipment is smooth, the negotiation atmosphere is general, and the demand is not good. The downstream just needs to purchase, and the merchants take the goods carefully, and the shipment is slow. At present, the price of fumed silica is about 22000 yuan / ton. The domestic supply and demand of fumed silica are balanced, and the shipment is slow. The Changtai micro nano factory in Shouguang City, Shandong Province, 5300 yuan / ton, Shandong Lihua new materials Co., Ltd Ltd. 4700 yuan / ton, Boai County Xiangsheng silicon powder Co., Ltd. 4200 yuan / ton.

In the upstream hydrochloric acid market, the manufacturer’s quotation is stable temporarily, the supply side is normal, the purchasing enthusiasm is general, the market maintains a stable trend, the quotation is mainly stable, the trading atmosphere maintains the early level, and the hydrochloric acid market mainly operates stably in the short term.

The chemical index on December 9 was 854 points, up 1 point compared with yesterday, 15.94% lower than 1016 points (2012-03-13), and 42.81% higher than 598 points, the lowest point on April 8, 2020. (Note: period refers to 2011-12-01 to now)

White carbon black analysts believe that: in the short term, the silica market maintains a stable operation situation, and the price fluctuation range is limited. (the above prices are provided by major silica manufacturers all over the country and sorted out and analyzed by business silica analysts for reference only. Please contact relevant manufacturers for more price details.)