According to the price monitoring of the business agency, the domestic polyester filament market is stable and weak this week, among which the most obvious decline is polyester POY. As of August 21, the average market price of polyester POY (150D / 48F) is 5304 yuan / ton, with a weekly decrease of 0.49% and a year-on-year decrease of 32.03%.

Average price rise and fall of polyester filament Market from August 14 to 21, unit: yuan / ton

Products up and down from August 14, 2020 to August 21, 2020

Polyester POY (150D / 48F) 5330 5304 – 0.49% – 32.03%

Polyester FDY (150D / 96F) 5865 5865 0.00% – 26.73%

Polyester DTY (150D / 48F low elasticity) 6838 6826 – 0.18% – 25.44%

PTA price of raw materials continued to weaken, the purchasing enthusiasm of downstream textile enterprises was insufficient, and most of them were mainly to digest inventory. The transaction atmosphere of polyester market was not good, and the price center was stable and fell. At present, the main quoted price of POY 150D / 48F is 5050-5450 yuan / ton, that of FDY 150D / 96F is 5700-6050 yuan / ton, and that of DTY 150D / 48F (low elasticity) is 6650-6950 yuan / ton. In terms of inventory, the overall inventory of polyester market is concentrated in 33-41 days; in terms of specific products, POY inventory is up to 11-18 days, FDY inventory is around 22-32 days, and DTY inventory is about 30-41 days.

The PTA Market of upstream raw material maintained a small decline trend this week. As of August 21, the average market price was 3576 yuan / ton, down 1.47% on a weekly basis and 32.74% on a year-on-year basis. During the week, PTA shutdown and maintenance devices entered the restart stage one after another, with the operating rate increased to more than 87%, and a small increment appeared at the supply side. Although the terminal orders recovered, the market’s expectation for foreign trade weakened and the support from the demand side was insufficient. At the same time, the inventory is still at a high level, because the current social inventory is still at nearly 4 million tons, and the continuous restart of the device leads to the limited duration of removal, so the pressure of PTA social inventory is still large. As of August 14, the domestic PTA social inventory was 3.92 million tons, a decrease of 65000 tons compared with the previous week, but a significant increase of 2.45 million tons compared with the same period in 2019. In addition, the market still has some concerns about crude oil demand, so the price shows a weak downward trend.

The overall purchase of the terminal is not good, and the comprehensive starting rate of Jiangsu and Zhejiang looms has slightly increased around 64%, but it is still at a low level compared with the same period last year. In recent years, the transaction of thin fabrics in the traditional market of China Light and textile city has continued to decline in summer. There are many suppliers in the domestic market who continue to make a small increase in fabric proofing in autumn and winter. There are relatively more varieties of various knitted fabrics on the market, but the spot market volume is still relatively limited. Among them, small jacquard strips and small diamond lattice double sides with polyester bright FDY, semi light FDY, DTY and POY as the main raw materials are small jacquard strips and small diamond lattice double sides The number of sanitary cloths was increased. In addition, autumn T / C polyester cotton blended fabric subscription merchants increased in part, some large-scale business outlets hanging sample listing varieties new growth. T / C polyester / cotton fabrics are mainly made of polyester cotton yarn card, polyester cotton canvas for work clothes made by industrial and mining enterprises in autumn, and polyester and cotton poplin for making autumn long sleeve shirts, and there are still scattered transactions. Foreign trade market, especially the arrival of autumn and winter fabric orders, gradually opened up the situation, sales began to increase locally.

Xia Ting, an analyst at the business agency, believes that both domestic and foreign trade orders of terminal textile orders have been improved, which makes the light market sentiment better and has a certain positive effect on the price. However, it does not fully indicate that the market has begun to recover completely. Terminal enterprises keep an eye on raw materials and purchase cautiously, and still need to pay attention to the warming trend of later orders. At the same time, there are still some worries about crude oil demand in the raw material market, and the oil price will consolidate at a high level. PTA plant restart heating, loose supply expectations, inventory remained high, with the restart of polyester plant, the demand side will improve, so the short-term PTA price will maintain a narrow downward trend. Overall, it is expected that the polyester filament market is likely to decline in a narrow range.

Trade name: ammonium chloride

Latest price (August 19): 642.5 yuan / ton

Key points of analysis: the market of ammonium chloride is mainly stable. According to the monitoring of business agency, the price of dry ammonium chloride in China was 624.5 yuan / ton on the 19th. At present, the overall operating rate of combined caustic soda is over 70%, and the inventory of ammonium chloride is gradually increasing, and the pressure appears. In addition, the downstream is in the off-season of agricultural demand, so the overall demand is not good. The overall market of ammonium chloride was slightly weaker than that in the earlier stage. According to the business agency, the overall industry operating rate of downstream compound fertilizer enterprises is about 60%.

After the market forecast, the market of ammonium chloride is expected to be weak in the short term.

According to the data monitored by the business agency, as of August 18, the average price of domestic rubber grade white carbon black was 4566.67 yuan / ton, and the domestic silica market was stable, with balanced supply and demand, mainly on demand.

The domestic rubber grade silica market as a whole maintains stable operation, the trading atmosphere is general, and the demand is not significantly improved. The downstream just needs to purchase, and the merchants take the goods carefully. 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, 5100 yuan / ton, Shandong Lihua new materials Co., Ltd. 46 00 yuan / ton, 4000 yuan / ton for Boai Xiangsheng silicon powder Co., Ltd.

The quotation of upstream hydrochloric acid market manufacturers is stable temporarily, the trading atmosphere is maintained at the early stage level, and the domestic hydrochloric acid market mainly operates stably.

On August 17, the chemical index was 677 points, unchanged with yesterday, down 33.37% from the cycle’s highest point 1016 (2012-03-13), and 13.21% higher than the lowest point of 598 on April 8, 2020. (Note: period refers to 2011-12-01 to now)

Business agency silica analysts believe that: in the short term, the silica market continues to operate stably, and the price changes little. (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.)

The commodity index of hydrogenated benzene on August 14 was 35.87, which was the same as yesterday, decreased by 64.84% from 102.01 point (2014-01-09), and increased by 19.61% from 29.99 point, the lowest point on April 07, 2020. (Note: the period refers to December 1, 2013 to now).

Price rise and fall of domestic main hydrobenzene markets from August 10 to 14 (unit: yuan / ton)

Regional prices rose and fell on the 10th and 14th

East China 3400-3450 3350-3400 – 50

3150 ～ 3250 3100 ～ 3150 – 75 in Shandong Province

This week (August 10-14), the market price of hydrobenzene in Shandong decreased slightly, at 3200 yuan / ton at the beginning of the week and 3125 yuan / ton at the weekend, down 75 yuan / ton.

Summary of price adjustment of pure benzene in Sinopec (North China) in July 2020 (unit: yuan / ton)

Price adjustment amount after date adjustment

August 5 3400 + 100

August 14 3300 – 100

On August 14, 2020, the price of pure benzene of Qilu Petrochemical (Sinopec North China) will be reduced by 100 yuan / ton, and the price will be 3300 yuan / ton after adjustment.

Crude oil rose earlier this week. However, in the second half of the week, major institutions have successively lowered their forecasts for global crude oil demand this year, dragging down oil prices. Compared with August 7, Brent was up $0.255/barrel, or 0.58%, and WTI was up $0.82/barrel, or 1.98%. Compared with December 31, 2019, Brent decreased by 33.33%, and WTI decreased by 30.38%. International crude oil market this week in the overall shock trend. In terms of pure benzene, the external market fluctuated lower this week, and the market confidence was weak. Sinopec lowered the ex factory price of pure benzene on the 14th, and the pure benzene market this week fluctuated downward, with a weekly decline of about 2%. In terms of market supply, the port inventory in East China continued to rise this week, and the pure benzene Market in East China remained under pressure. The basic hydrobenzene market was mainly under pressure. The tender price of crude benzol decreased slightly this week, and the cost pressure of hydrogenated benzene enterprises remained unchanged.

On the downstream side, the price of styrene fell by 2.17%, and the operating rate also decreased. Aniline is still in a deficit state, the operating rate of enterprises is low, the price is mainly stable, and the demand for pure benzene and hydrogenated benzene is limited.

In the future, the business agency believes that the inventory of pure benzene in Huadong port is still high, the downstream operating rate has slightly declined this week, the demand support for pure benzene and hydrogenated benzene is limited, the crude oil fluctuation trend and the external market trend of pure benzene are weak, and the future market of pure benzene is still under pressure. Hydrogenated benzene enterprises still have cost pressure, market wait-and-see sentiment is strong, fundamentals are under pressure, and it is expected that there is still downward space in the future market of hydrobenzene.

1、 Price trend

Taking the rutile titanium dioxide produced by sulfuric acid process, which has a large volume in the domestic market, as an example, the price of titanium dioxide is stable this week, with an average price of 13533.33 yuan / ton.

2、 Market analysis

In the half of August, the titanium dioxide market ushered in the second price rise tide. At present, more than 10 manufacturers such as Guangxi Jinmao, Anhui anada, tihai technology and Zhenti chemical industry have successively announced the rise. In terms of demand, due to the recovery of foreign demand and the unsealing of some countries, the export of the market grew steadily, and the overall inventory of manufacturers was low. Up to now, the domestic ex factory price of rutile titanium dioxide with tax is 12000-14500 yuan / ton, that of anatase titanium dioxide is 10500-11800 yuan / ton, and that of chlorination titanium dioxide is 15500-20000 yuan / ton. Domestic terminal demand is general, downstream manufacturers and traders have a strong wait-and-see mood, mainly purchasing on demand.

According to customs data, the total export volume of titanium dioxide from January to June 2020 is 563100 tons, which is 81400 tons higher than 481700 tons in 2019, with a year-on-year increase of 16.9%. The main reasons for the change in export volume are: poor domestic demand in the first quarter, manufacturers’ trading focus tends to export, and the outbreak of overseas epidemic in the second quarter, leading to the reduction of exports.

At present, with the control of the epidemic situation in various countries, the downstream demand will gradually recover, the trading situation will be improved compared with the previous period, and overseas orders will gradually flow back. Driven by the demand, the price of titanium dioxide will stop falling and rebound.

In terms of raw materials, this week Panxi area titanium concentrate price high operation, titanium ore supply is more tense, some mining enterprises suspended external quotation. Up to now, the tax free quotation of 38 grade titanium ore is 900-940 yuan / ton, 46 grade 10 titanium concentrate is 1380-1450 yuan / ton, and 47 grade 20 titanium concentrate is 1400 yuan / ton. At present, the operating rate of Panxi area is low, some titanium dioxide producers have great production pressure, the titanium ore price market is relatively rigid, and the price state is stable.

3、 Future forecast

Titanium dioxide analysts believe that: at present, the price of raw material titanium dioxide is at a standstill, and the cost pressure of titanium dioxide is large. The export of titanium dioxide increased steadily, and the inventory of manufacturers was low as a whole. But domestic titanium powder terminal demand is general, downstream customers are more wait-and-see, mainly purchase on demand. It is expected that the market price of titanium dioxide will rise steadily in the short term, and the actual transaction price will be discussed.