1、 Price trend

This week, the civil gas market in Shandong Province rose broadly. At the beginning of the week, the average price of liquefied gas (Shandong) market was 2806.67 yuan / ton, while at the end of the week, the average price was 3033.33 yuan / ton, with an increase of 8.08% in the week and a decrease of 32.69% compared with the same period last year.

2、 Analysis of influencing factors

Price: this week, the civil market price of liquefied gas mainly increased. As of May 9, the factory price of Jilin Petrochemical liquefied gas is 2850 yuan / ton, Guangzhou Petrochemical liquefied gas is 2710 yuan / ton, Jingmen Petrochemical liquefied gas is 3050 yuan / ton, Shanghai Petrochemical liquefied gas is 3100 yuan / ton, Gaoqiao Petrochemical liquefied gas is 3070 yuan / ton, Qingdao Petrochemical liquefied gas is 2900 yuan / ton, Shandong Jincheng Petrochemical liquefied gas is 3100 yuan / ton , the factory price of Shijiazhuang refined liquefied gas is 2850 yuan / ton. The factory price of Luoyang Petrochemical LPG is 2750 yuan / ton.

Market: at the end of April and may, CP rose sharply, which was good for the market. After the May Day holiday, crude oil was the main player, and there was a demand for replenishment after the downstream Festival, so the market entry was more active. The manufacturer delivered goods smoothly, the inventory was not under pressure, and the price rose broadly. At present, Shandong refinery is in high load operation, and the market supply has increased compared with the previous period. The terminal market recovered in an all-round way, with general demand and stable weekend prices.

International market: Saudi Aramco announced in April that the price of propane and butane were lowered. Propane fell to $230 / T, down $200 / T from last month; butane $240 / T, down $240 / T from last month.

Industry: according to the price monitoring of the business agency, in the 18th week of 2020 (5.4-5.8), there are 9 kinds of commodities in the list of commodity prices rising and falling, including 4 kinds of commodities with an increase of more than 5%, accounting for 25% of the number of commodities monitored in the sector; the top three commodities are WTI crude oil (21.78%), Brent crude oil (8.31%) and liquefied gas (8.08%). There are 5 kinds of commodities falling on a month on month basis, with gasoline (- 3.33%), diesel (- 1.52%) and naphtha (- 1.47%) as the top three products. This week’s average was up or down 3.03%.

3、 Future forecast

At present, the demand of the terminal market is basically stable. This week, driven by the rise of international crude oil, the demand has risen sharply. However, at present, the weak crude oil has declined, and the market transaction atmosphere has been weakened. After May, with the temperature rising gradually, the downstream demand is expected to decrease, and it is expected that there may be a fall in the short term.

1、 Price trend of sodium pyrosulfite in China

According to the monitoring of business news agency, the price of domestic sodium pyrosulfite continued to fall again at the bottom this week. The average price of industrial grade sodium pyrosulfite at the beginning of the week was 1676.67 yuan / ton, and the average price at the end of the week was 1576.67 yuan / ton, down 5.96%.

2、 Market analysis

Products: in May, the overall performance of domestic sodium metabisulfite market is average, the price of upstream raw materials continues to be weak, the wait-and-see attitude of trade subjects is strong, the stock of sodium metabisulfite is overstocked and the cost of raw materials goes under the low pressure system, some enterprises cut the factory price again in may, the overall low price of domestic sodium metabisulfite market falls again, and the market price of industrial sodium metabisulfite this week Grid is located in the range of 1400-1700 yuan / ton. (the above prices refer to the foreign quotations of domestic mainstream enterprises, some of which are temporarily excluded from the scope. The prices are for reference only and have nothing to do with the final pricing of the manufacturer. For details, please contact each manufacturer for consultation).

Industry: the domestic soda price continues to be weak this week, the sulfur price remains stable at the bottom, the raw material cost continues to explore the bottom, and the market price of sodium pyrosulfite in the future is under pressure

3、 Future forecast

Business analysts believe that the stock backlog, raw material cost decline, weak terminal demand, many negative suppression, the market price of sodium metabisulfite warmer pressure.

On May 7, the ammonium nitrate commodity index was 120.00, unchanged from yesterday, down 4.20% from 125.26 (2020-03-15), the highest point in the cycle, and up 55.10% from 77.37, the lowest point on October 31, 2016. (Note: cycle refers to 2013-02-01 to now).

On August 8, the price trend of domestic ammonium nitrate market rose, with an average price of 2330 yuan / ton. The domestic ammonium nitrate manufacturers started normal operation of their units. In the near future, the on-site unit operation was stable, and the delivery market of ammonium nitrate manufacturers improved. The manufacturers reported that there was no inventory backlog in the near future, and the price of ammonium nitrate rose. Downstream on-demand procurement, coupled with the impact of environmental management and control, domestic ammonium nitrate manufacturers started normal operation, and the market price trend rose. Up to now, the mainstream of negotiation in Shaanxi Province is 2200-2400 yuan / ton, that in Shandong Province is 2000-2400 yuan / ton, and that in Hebei Province is 2500-2700 yuan / ton. Affected by the improvement of goods supply, the downstream demand is improved, the demand for ammonium nitrate is increased, and the market price trend of ammonium nitrate is rising.

The price trend of upstream raw materials in domestic nitric acid market is declining, and the quotation of mainstream manufacturers in Jiangsu Province is 1300 yuan / ton. The quotation of mainstream manufacturers in Anhui is about 1350 yuan / ton. Shandong manufacturers quoted 1700 yuan / ton or so, and the price trend declined. Generally speaking, the demand for nitro compound fertilizer is higher than before. As for the demand for ammonium nitrate, the market price trend of ammonium nitrate is rising. The market of domestic liquid ammonia in the upper reaches fluctuates at a high level, and the market of domestic liquid ammonia remains at a high level. Some enterprises in the northern region are on a temporary stable trend. The price of raw materials in the upper reaches is temporarily stable, which brings a certain positive support to the price of domestic ammonium nitrate, But in the near future, due to the improvement of downstream demand, the market of ammonium nitrate products is getting better, and the market price trend of ammonium nitrate is rising. Analysts of ammonium nitrate of business association think that the price of upstream raw material nitric acid market changes little in the near future, but the downstream demand has improved, and the market price of ammonium nitrate is expected to rise slightly in the later stage.

Hydrofluoric acid commodity index on May 5 was 87.66, unchanged from yesterday, 37.58% lower than the highest point in the cycle of 140.43 (2018-02-21), and 63.58% higher than the lowest point of 53.59 on November 30, 2016. (Note: cycle refers to 2011-09-01 to now).

According to statistics, the price trend of domestic hydrofluoric acid market has declined significantly. Up to now, the price of domestic hydrofluoric acid market is 9130 yuan / ton, and the operation rate of domestic hydrofluoric acid is more than 60%. Enterprises report that the current spot supply of hydrofluoric acid is sufficient. Due to the impact of public health events, the downstream demand is reduced, and the recent market of hydrofluoric acid in the field is poor. Due to the poor demand in the downstream, the market of hydrofluoric acid is poor The market price trend continued to decline. At present, the mainstream of hydrofluoric acid negotiation in the south is 7800-9000 yuan / ton, and the price of hydrofluoric acid in the north market is 8000-9000 yuan / ton. The price trend of domestic hydrofluoric acid market continued to decline, and the supply of spot goods was sufficient, but the demand situation did not improve significantly, and the price trend of hydrofluoric acid declined.

The upstream market price of fluorite has been greatly reduced. Recently, the fluorite manufacturers have started to increase, the supply of fluorite is sufficient, and the price of fluorite has gradually declined. As of the 6th day, the price of fluorite is 2583.33 yuan / ton. The decline of upstream raw material price has a certain negative impact on the hydrofluoric acid market, and the price trend of hydrofluoric acid market has declined due to the decline of raw material fluorite price. In recent years, the sales of the automobile industry has been in a downturn, and the trend of the downstream refrigerant market is poor. The demand for the refrigerant has been declining. The special events abroad are serious. The export of the refrigerant terminal is not smooth, and it is mainly supplied to the domestic market. However, the domestic air conditioning industry starts at a low level, and the demand for after-sales maintenance is weak. Overall, the domestic and foreign demand is not as expected. At present, the refrigerant R22 manufacturer’s load is reduced, the inventory is in a reasonable range, and the price is under pressure due to the drag of demand. However, the situation of market price or not is obvious. The mainstream price of R22 in large domestic enterprises is 15000-17000 yuan / ton. The price trend of domestic R134a market has declined, and the unit operating rate of production enterprises has remained at a low level. At present, the downstream operation is not high, and the demand for R134a is cold. In the near future, the procurement of downstream industry is not active, and the price drops slightly. The downstream demand is poor, and the price trend of hydrofluoric acid market continues to decline.

In addition to the recent impact on the export volume, the demand for upstream hydrofluoric acid market has declined. However, with sufficient supply of fluorite and poor demand for downstream, Chen Ling, an analyst at the business agency, believes that the market price of hydrofluoric acid may continue to decline.

1、 Price trend

Today, the price of ethylene oxide is generally adjusted, rising 300 yuan / ton, and the adjusted price in the mainstream East China is 6300 yuan / ton. Compared with the price of 5800 yuan / ton at the beginning of the month, the price is increased by 500 yuan / ton, or 8.6%.

2、 Industrial chain:

Ethylene oxide was raised twice this month. It is reported that Zhenhai Refining & Chemical Co., Ltd. was shut down due to accident, Wuhan Petrochemical Co., Ltd. was shut down, Tianjin Petrochemical Co., Ltd. and Tianjin Zhongsha Petrochemical Co., Ltd. were overhauled, and market resources were tightened. The upstream ethylene market continues to be low and bottoming out. The decline of ethylene price means that the profit of ethylene oxide increases in disguised form. The operating rate of downstream glycol has decreased, the price trend has been narrow and fluctuating. The single market has been affected by the mentality of buying up, and the market has been rising. However, in general, the basic support is still weak, especially the cost side. Under the high profit, the enterprise is actively changing production, which may have an impact on the fluctuation of supply and demand side in the future.

3、 Forecast:

Temporarily stable.