According to the price monitoring of the business agency, the domestic spandex market remained stable this week. As of December 18, the average ex factory price of 40d was 41400 yuan / ton, which was flat compared with the beginning of the week, with a year-on-year increase of 29.78%. Around 90% of the spandex industry started, the supply of manufacturers gradually stabilized. The cost end main raw material PTMEG was strong, and pure MDI was weak. The downstream market buying was not high, and the trading atmosphere was general.

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

20D 30D 40D

Zhejiang 46000-50000 45000-47000 37000-39000

Shandong 48000-50000 45000-48000-38000-40000

Fujian 48000-50000 45000-48000-38000-40000

Jiangsu 46000-50000 45000-47000-37000-39000

The price of raw material PTMEG is stable. At present, the mainstream quotation of 1800 molecular weight goods source is 18000-19000 yuan / ton, and the actual price negotiation is 17500-18500 yuan / ton. 80% of the industry started operation, and the load of some factories decreased slightly. Specifically, in the 40000 ton plant shutdown in Yizheng Dalian, the load of 46000 ton unit in Chongqing Chiyuan Chemical Industry Co., Ltd. decreased slightly by 70%, and the load of 46000 ton unit in Sichuan Tianhua slightly decreased. The pure MDI market is running smoothly, and the offers of the cargo holders are temporarily stable. The market reference is 23000-24000 yuan / ton telegraphic transfer in barrels, and the actual order is subject to negotiation. 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.

After the double 11, 12 and Christmas season orders, the textile market returned to light in December, and the follow-up orders were insufficient. The enthusiasm of taking goods in the terminal market is not high, the overall market purchasing pace is slowing down, and the atmosphere of market observation is strong. But spring festival orders in advance, some textile enterprises just need to replenish the warehouse. In the field of circular knitting machine, 56% was started, while in the field of warp knitting, about 70% was started. In the traditional textile market, in recent years, the local transactions of the fabrics with fashionable features such as nylon polyester, nylon cotton, cotton brocade and polyamide polyester elastic, nylon cotton elastic and cotton brocade elastic fabrics with spandex silk are relatively smooth, and the subscription is mainly in small quantities and varieties.

Business agency analysts believe that the current high level of spandex market finishing, spot supply is basically stable. The supporting role of the cost side still exists, and the downstream terminal market is purchased on demand, and the atmosphere of market observation is strong. In the past years, after the new year’s day, textile enterprises began to decline gradually. After the winter order digestion, the demand side will gradually show a downturn. It is expected that the price of spandex will maintain stable operation in the short term, and there is a risk of falling back in the future market.

1、 Price trend of propylene oxide

(Figure: P value curve of propylene oxide product)

2、 Market analysis

On December 17, propylene oxide market rose. As of December 17, the average price quoted by propylene oxide enterprises was 17333.33 yuan / ton, up 1.96% compared with the previous trading day, 0.97% higher than that at the beginning of the month, and 2.07% lower than that of November 17, according to the data of the bulk list of business associations.

Most Po manufacturers in Shandong Province had a negative trend. The overall supply of the market was temporarily tight. The middle and lower reaches of the market maintained rigid demand for procurement. The factories were generally under no pressure, and the new single offer rose. At present, the mainstream quotation of propylene oxide in Shandong is around 17100-17200 yuan / ton.

Upstream propylene, on December 15, the market price of propylene in Shandong remained stable. According to the price chart of business agency, the price of propylene rose continuously in late November, increasing by more than 12%. From the end of the month to the beginning of the month, the price was stable again. On the 4th, the price rose by about 450 yuan / ton from the 3rd to the 8th, up by 5.90%. On the 9th, the price was fully stable. On the 10th, some enterprises made up for the increase, and some enterprises’ prices fell slightly. On the 11th, the price began to decline twice, and on the 14th, it had dropped 200-250 yuan / ton. Today, the price was mainly stable, and the market transaction was at 7 Between 850 and 8150 yuan / ton, the mainstream price is about 7900 yuan / ton. At present, the manufacturer’s inventory pressure is not big, the propylene plant shut down in the North has not been restored, and the shipment situation is ordinary.

For downstream propylene glycol, according to the monitoring data of the business agency, as of December 16, the factory price of domestic industrial grade propylene glycol was 10633.33 yuan / ton, which was 15.83% lower than the price at the beginning of the month. For downstream soft foam polyether, the market of soft foam polyether in Shandong Province rose on December 17, the price of raw material propylene oxide went up, the cost pressure increased, manufacturers’ offer passively followed the trend of positive shipping, At present, the mainstream quotation of common soft foam polyether market in Shandong is around 17200-17500 yuan / ton.

3、 Future forecast

The propylene oxide analysts of the business club believe that at present, the load of some production enterprises is not high, the inventory is low, and the middle and lower reaches just need to follow up. It is expected that in the short term, the propylene oxide market will mainly run at a high level, and more attention should be paid to the market information guidance.

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.