According to the monitoring of the business association, the coking coal market is dominated by weak and stable operation, and the average market price in North China is about 1411.67 yuan / ton. On April 27, coking coal commodity index was 104.18, flat with yesterday, down 14.28% from 121.53 (2019-03-12), the highest point in the cycle, and up 131.98% from 44.91, the lowest point on January 28, 2016. (Note: cycle refers to 2012-09-01 to now)

Product: the market of Pingdingshan coking coal is stable, and the mainstream price of the main coking coal market is about 1500 yuan / ton (including tax for car plate). It is expected that the price of the region will be stable in the later stage. Taian coking coal market is stable, and the main coking coal market quotation is about 1420 yuan / ton (ex factory tax included), and it is expected that in the later stage, the price of the region will be mainly stable. The price of coking coal in Luliang, Shanxi Province is temporarily stable, and the main coking coal market quotation is about 1350 yuan / ton. It is expected that the local price will be more consolidated in the later period. The coking coal market in Huaibei, Anhui Province is temporarily stable, and the main coking coal market quotation is about 1510 yuan / ton (including tax for car plate), and it is expected that it will run stably in the later stage. Affected by the decline in the price of imported coking coal, the sales pressure of domestic coal mines is relatively large, and it is expected that the long-term cooperative price of some large mines may be lowered.

Industry chain: at present, the market price of coke is temporarily stable, and the downstream steel plants mainly purchase on demand. At present, the supply of coke is stable and the sales situation is normal. Although the coking profit has picked up compared with the previous period, the coking coal purchasing at the raw material end is still cautious.

According to coking coal analysts of business association, although coking profit has rebounded compared with the previous period, coke enterprises have general enthusiasm for production under the low profit state, and they purchase more coking coal on demand at the raw material end, and some of them still have the willingness to press the price of coking coal. It is predicted that the coking coal price will be weak in the later period, and the demand of the downstream market will be considered.

1. Trade name: silicon metal (441#)

2. Latest price (April 27, 2020): 10816.67 yuan / ton

The price of 441 × silicon in each region is as follows:

The price range of metal silicon in Fujian is 10300-10500 yuan / ton, that in Sichuan is 10600-10700 yuan / ton, that in Kunming is 10600-10800 yuan / ton, that in Shanghai is 11300-11500 yuan / ton, that in Tianjin is 10800-11000 yuan / ton, that in Huangpu is 10800-10900 yuan / ton 。

3. Analysis points:

The price of silicon has been explored all the way. Some silicon factories have reduced production and guaranteed prices, and the supply of low-cost goods has decreased compared with the previous period. It is reported that last week Yunnan Nujiang silicon plant reduced its production load due to power plant maintenance, and the capacity of four local furnace opening plants was reduced by nearly half. Some of the downstream monthly procurement started, which to some extent boosted market confidence.

4. Future forecast: it is estimated that a small number of batches are still needed in the near future, and the short-term metal silicon maintenance and stable operation is mainly needed.

1、 Price trend

Business agency: MTBE market price fell this week (April 20-26)

The price of MTBE at the end of this week was 3400 yuan / ton, down 5.12% from the previous week, according to the data of business agency.

2、 Market analysis

Product: this week, the international crude oil price fell, the demand of gasoline market was not good, the market price followed the decline, and the domestic MTBE price fell in this cycle.

Industry chain: lack of good news support in gasoline this week, downstream gas stations mostly replenish their warehouses as needed, and with the sharp drop in international oil prices, gasoline prices fell 3.44%

On the MTBE Market: WTI futures delivery dropped international oil prices, coupled with the arrival of low-cost imported MTBE resources in Hong Kong, which triggered strong bearish sentiment in the domestic market. MTBE manufacturers had a difficult shipment and the price entered the downward channel. In May, the main business unit suspended the use of gasoline for air-conditioning oil suppliers. The southern market has a relatively obvious impact. The market is mainly weak and stable. In addition, the domestic alkylation oil in this cycle shows a significant decline after a small increase. The market price of MTBE is mainly down this week.

3、 Future forecast

According to MTBE product analyst of energy branch of business news agency, international crude oil demand is weak, market price is still under pressure, and domestic refined oil demand has no bright spot, which is negative for MTBE market demand. It is expected that MTBE market price will continue to decline slightly next week.

On April 22, the PX commodity index was 34.40, which was the same as yesterday, setting a new low in the cycle, 66.41% lower than the highest point of 102.40 on February 28, 2013. (Note: cycle refers to 2013-02-01 to now)

According to statistics, the market price trend of p-xylene in China is temporarily stable, the operation of new 600000 ton plant in Hongrun is stable, the operation of petrochemical plant in Pengzhou is stable, 50% of petrochemical plant in Urumqi is started, one line of aromatics plant in Fuhai Chuang is started, CNOOC Huizhou refining and chemical plant is overhauled, the PX plant in Hengli Petrochemical is put into operation, other units are temporarily stable, and the operation rate of domestic p-xylene plant is stable In about 70%, the domestic market supply of p-xylene is normal, and the domestic market price trend of p-xylene is stable temporarily. The operating rate of PX plant in Asia is about 80%. On April 21, the closing price of PX market in Asia dropped by 7 US dollars / ton, and the closing price was 445-447 US dollars / ton FOB South Korea and 465-467 US dollars / ton CFR China. More than 40% of PX in China needs to be imported. Recently, affected by the lower crude oil price, the external price of PX declined slightly, and the market price trend of PX was stable temporarily.

As of the 21st, the price of WTI crude oil futures market in the United States fell again, with the main contract at 11.57 yuan / barrel, and the settlement price fell by 8.86 US dollars, or – 43.07%. Brent crude oil futures market prices also fell sharply, with main contracts at $19.33/barrel and settlement prices down $6.24, or – 24.4%. Saudi Arabia and other OPEC member states are considering cutting oil production as soon as possible, rather than waiting until next month when the organization reached production agreements with the United States and Russia. Crude oil price plummeted and lost the cost support of downstream petrochemical products, and the market price trend of p-xylene was stable.

In terms of downstream PTA, the price trend of domestic PTA spot market declined, with the market average price of 3000-3100 yuan / ton as of April 22, and PTA price continued to decline in the near future. Affected by the sharp decline of crude oil price, the downstream PTA market price continued to decline. However, due to the sharp increase of global mask market demand, domestic polyester staple fiber, polyester chips and other downstream production and sales picked up, PTA was supported under the increase of demand. At the same time, after the production and sales volume at the beginning of the month, the inventory pressure of polyester factory has been relieved, and the polyester profit has been maintained at a relatively good level at present, the unit maintenance plan has been reduced, and the polyester starting load has been maintained around 83%. However, the overall transaction atmosphere in the downstream polyester filament market continued to be light, PTA prices fell recently, and the domestic p-xylene price trend was temporarily stable.

In recent years, the trend of crude oil price has declined, the price of downstream PTA market has declined slightly, and the demand of downstream terminal has not improved significantly. The analysts of business club think that the price of PX market may trend or slightly lower.

1、 Price trend

According to the monitoring of bulk data from the business agency, the chloroform market in Shandong began to decline. As of April 21, the price of chloroform in Shandong was about 1650 yuan / ton, down 2.94% from the previous day.

2、 Cause analysis

Product reason: at present, the trichloromethane production enterprises in Shandong Province have started smoothly as a whole, and the market supply is tight, but the downstream market demand is not good. In order to reduce the subsequent inventory pressure, the enterprises bid more for shipment, and the market price continues to fall. At present, the quotation in Shandong is about 1650-1700 yuan / ton, Jiangxi Liwen is about 2200 yuan / ton, and Jiangsu is about 2800 yuan / ton.

Industry chain: in the upstream, the domestic methanol market runs at a high price, the enterprise’s inventory pressure is not high, the surrounding market is actively pushing up, and the market transaction atmosphere is fair, at present, about 1730 yuan / ton; the liquid chlorine market is adjusted by shocks, the downstream market demand is improved, and the enterprise’s shipment is stable, and the current quotation in Shandong is about 500-700 yuan / ton. In the downstream, the supply and demand of domestic refrigerant market are weak, and the delivery is cold; the recovery of solvent and pharmaceutical pesticide industry is slow, the demand is weak, and the price support for chloroform is insufficient.

3、 Future forecast

According to the data analyst of methane chloride of business association, although the spot supply of trichloromethane is tight at present, the demand of downstream market is still poor. The supply and demand of the industry are weak, and the inventory pressure of enterprises has increased. More competitive shipments are expected, and the operation is expected to be weak in a short time.