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Domestic propylene (Shandong) market continued to rise this week and then remained stable (5.18-5.22)

1、 Price trend

 

According to the data of the business club’s large list, the market price of propylene (Shandong) in China continued to rise steadily this week, with a stable weekend. The initial weekly price was 6829 yuan / ton, and the Thursday and Friday prices were 6979 yuan / ton, with a weekly increase of 2.20%.

 

PVA 1799 (PVA BF17)

2、 Analysis and comment

 

Product: last month, Shandong propylene price soared and plummeted, and then remained stable again, and the market was stable. During the May 1st period, the price of propylene slightly increased by about 50 yuan / ton. On the 6th day, the price increased by 100 yuan / ton again. On the 7th, 8th and 9th day, the price increased by 50 yuan / ton continuously. On the 10th day, some enterprises continued to increase by 50 yuan / ton. On the 11th day, the price increased by 50 yuan / ton again. On the 12th day, it increased by 100-200 yuan / ton obviously. On the 13th day, it continued to increase by 100-200 yuan / ton. On the 14th day, it increased by 50-100 yuan / ton again. On the 15th day, it still increased by 50-100 yuan / ton on weekends Until 22, the upward trend has remained unchanged, with a daily upward trend of 50-100 yuan / ton. Today, it finally began to stabilize. Now, the market transaction is still between 6950-7200 yuan / ton, and the mainstream price is about 6950 yuan / ton.

 

Industry chain: influenced by the international situation, the international crude oil price rose significantly at the end of last week, and now the crude oil is still rising, but the trend is slowing down. Influenced by the international events on August 8, the crude oil rose again significantly. On November 11, the crude oil went down slightly, and in the later period, the crude oil price rose slightly in a row. On the 15th, it also rose significantly. On the 18th, Monday, it rose a lot, and from the 19th to the 21st, it fluctuated slightly, which is still good for propylene Obviously.

 

Affected by public health events, the modified special material in PP last month was melt blown cloth material, and the price rose sharply in the early stage. Now, the price of melt blown cloth has been lowered, and PP futures have been restored to rationality. This week, the spot price of PP has stepped up, with a weekly increase of 2.47%, slightly positive impact on propylene.

 

This week’s acrylic acid market rose slightly and remained stable, with a weekly increase of 0.79%, which had little impact on propylene.

 

Propylene oxide market fell this week, down 2.11%, slightly negative impact on propylene.

 

Epichlorohydrin rose steadily this week, with a weekly increase of 3.12%, which had a small positive impact on propylene.

 

This week, the domestic price of n-butanol continued to rise, with a significant increase over the weekend, with a weekly increase of 3.03%, which is good for propylene.

 

PVA 1788 (PVA BP17)

Octanol rose steadily this week, up 2.34%, slightly positive for propylene.

 

Affected by the epidemic situation, isopropanol market, as one of the raw materials of foreign disinfectants, rose sharply in the early stage, fell sharply, and remained stable after rising this week, with a weekly increase of 4.87%, which may still have a positive impact on propylene.

 

Phenol Market in Shandong Province maintained stability this week, with no weekly increase or decrease, which had little impact on propylene.

 

Shandong acetone market also maintained stability this week, with no weekly increase or decrease, which had little impact on propylene.

 

3、 Future forecast

 

According to the propylene analyst of the chemical branch of business society, on the whole, the international crude oil market has a positive support, and the price has been rising for many times, which has a certain supporting effect on propylene. However, the downstream operating rate is relatively high and propylene inventory is not large, but the recent rise of several consecutive days still puts pressure on the downstream. Therefore, although the downstream is also up, the trading is still cold. It is expected that propylene prices will maintain stability in recent days.

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The demand power is insufficient and the price of phosphate rock is weak

1、 Price trend

 

According to the data monitoring of the business agency, as of May 19, the reference price of 30% grade phosphorus ore in the mainstream area of the initial high-end is around 310-400 yuan / ton, and the overall price is about 10-20 yuan / ton lower than that in the early May.

 

PVA 1799 (PVA BF17)

2、 Market analysis

 

Product: at present, more than half a month has passed in May, and the phosphorus ore market has declined in recent days. According to the national data, the output of phosphorus ore (p2o530%) in April was seven hundred and fifty-seven point three 10000 tons, compared with the output in March( five hundred and forty-five point four Million tons) up 3.1 million tons. At present, the cumulative production of phosphate rock in this year one thousand nine hundred and thirty-two point eight Million tons, the same period as last year( two thousand nine hundred and twenty-two point nine 10000 tons) year on year decrease- 20.9% 。 Recently, the price of phosphate ore of many mining enterprises in Guizhou Province has been slightly reduced and put into operation, with a reduction of 10-30 yuan / ton. In Guanglong mining, Kaiyang, Guizhou, the platform price of 30% phosphate rock is 310 yuan / ton, down 20 yuan / ton compared with the previous period; in Xifeng, Guizhou, the vehicle price of 30% grade phosphate rock is 330 yuan / ton, down 10 yuan / ton compared with the previous period; in Fuquan Huifa, Guizhou, the factory price of 28% grade phosphate rock is 310 yuan / ton, down 10 yuan / ton compared with the previous period, and the factory price of 30% grade phosphate rock is 340 yuan / ton, down 20 yuan / ton compared with the previous period 。 The market in Yunnan is relatively stable, and the ex factory quotation of 29% grade phosphate ore in Yunnan is about 300 yuan / ton. At present, the weak sorting operation is the main one in Hubei. The factory quotation of 30% grade phosphate ore in Liushugou, Hubei Province is 400 yuan / ton. The overall weakness of phosphate ore market in Guangxi is downward. The factory price of 28% grade phosphate rock in songgan trade in Guangxi is 315 yuan / ton, down 10 yuan / ton compared with the previous period, and the factory price of 30% grade phosphate rock is 345 yuan / ton, down 20 yuan / ton compared with the previous period.

 

PVA FIBER

Industry chain: at present, the yellow phosphorus market is still in a weak position. The on-site transaction is relatively light and the wait-and-see attitude is strong. At present, Sichuan region mainly issues early orders, Yunnan region is in a tight spot, and the market offer is temporarily stable. As of May 19, according to the data monitoring, the average ex factory price of yellow phosphorus is 17450 yuan / ton, compared with May 1( seventeen thousand and nine hundred )By comparison, it’s down 2.51% 。

 

3、 Future forecast

 

According to the analysis of the data division of the business association, the market in the downstream market of phosphate rock has been weak in recent days, with insufficient support. It is expected that the market of phosphate rock will be weak and stable in recent days.

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The market price of chloroform in Shandong continued to rise

1、 Price trend

 

According to the bulk data monitoring of the business agency, the market price of trichloromethane in Shandong continued to rise after the May 1st movement. As of May 18, the average price of trichloromethane in Shandong was about 2100 yuan / ton, up 50% from 1400 yuan / ton at the beginning of May.

 

PVA 1799 (PVA BF17)

2、 Cause analysis

 

Product reason: at present, the trichloromethane market in Shandong continues to rise, and the overall operating rate of enterprises will be less than 50%. Among them, the 440000t / a plant in Jinling, Shandong Province will start 50%, the 400000t / a plant in Luxi Chemical Industry will start 40%, the 280000t / a plant in Dongyue, Shandong Province will start 40%, and the 80000t / a plant in Jinmao, Dongying, Shandong Province will be shut down. The overall inventory of the industry is low, and the market spot supply is tight The situation of shopping and stock up is fair, and the demand is the most important. At present, the quotation in Shandong is about 2100-2200 yuan / ton, Jiangxi Liwen is about 2200 yuan / ton, and Jiangsu is about 2850 yuan / ton.

 

PVA 1788 (PVA BP17)

Industry chain: in the upstream, affected by the slow down demand in the downstream and the rising inventory in the port, the price of methanol in the domestic market fluctuated and fell, and the market started steadily, at present, about 1692 yuan / ton; the liquid chlorine market is high and firm, the large factories in Shandong Province have reduced the load, the market supply is tight, and the downstream market just needs the most, and the current market quotation is 500-800 yuan / ton. In the downstream, the domestic refrigerant market began to stabilize after a sharp decline, with strong firm price intention and declining market supply. At present, the price hovers around 15000 yuan / ton; the purchase of solvent and pharmaceutical pesticide industry just needs to be light, and the price support for chloroform is insufficient.

 

3、 Future forecast

 

According to the data analyst of methane chloride of business association, at present, the operating rate of trichloromethane market is low, the inventory pressure is not large, the firm price intention is strong, the downstream market just needs to buy, the recent inquiry of traders increases, and it is expected to be high and strong in a short time.

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Where to go for phthalic anhydride with stagnant demand

According to statistics, the price of phthalic anhydride in China fell slightly this week. As of May 15, the price of phthalic anhydride from o-phthalic method was 4987.5 yuan / ton. The price of phthalic anhydride in China fell slightly by 0.99%, down 20.83% year on year. The demand of plasticizer industry was low, and the market of phthalic anhydride fell.

 

PVA 1799 (PVA BF17)

In recent years, the market price of phthalic anhydride in China has dropped slightly. The market demand of phthalic anhydride is normal, and the market of phthalic anhydride is general. However, the fluctuation of crude oil price has boosted domestic petrochemical products, and the market price of phthalic anhydride is stagnant. The operation of domestic phthalic anhydride manufacturers is normal, the operating rate of phthalic anhydride in the site is more than 60%, the spot supply of domestic phthalic anhydride is normal, the procurement of downstream plasticizer industry is general, the market of phthalic anhydride manufacturers is general, and the market price of phthalic anhydride is slightly down. As of the 13th, the market price of phthalic anhydride and phthalic anhydride in East China has declined slightly, but the high-end transactions in the market have been blocked. The main flow of negotiation of neighboring France’s source of goods in East China is 4900-5100 yuan / ton, and that of naphthalene’s source of goods is 4500-4700 yuan / ton; the main flow of quotation of phthalic anhydride in North China is 4700-5000 yuan / ton, and the wait-and-see mentality of phthalic anhydride in the market still exists, and the market price of phthalic anhydride has declined slightly.

 
In the near future, the execution price of domestic phthalic anhydride upstream product Sinopec has been maintained at 4000 yuan / ton, and the price of imported phthalic anhydride in port area has been maintained in shock and stability. In the near future, the price of phthalic acid in port area is average, and the external price of phthalic anhydride is stable. The actual transaction price is subject to negotiation, which is discussed in detail. This week, the price of international crude oil has increased, but the price of phthalic acid has not been supported by good support, and the price of phthalic acid remains low The price of phthalic anhydride fell slightly due to the low price of phthalic acid in the upstream raw materials.

 

PVA 1788 (PVA BP17)

The downstream DOP market price is slightly higher. This week, the DOP price is slightly higher by 0.49%. In addition, the price of isooctanol is rising, DOP enterprises are operating at low load, DOP market price is slightly higher, PVC enterprises are operating normally, and customers’ purchasing enthusiasm is stable. The market of plasticizer industry is still depressed. The DOP market quotation is about 6700-7000 yuan / ton. The market plasticizer transaction enthusiasm is general, the high-speed charges are increased, the logistics and transportation costs are increased, the downstream market is lack of power to rise, and it is difficult to maintain the continuous rise. The market price of phthalic anhydride has fallen.

 

In the near future, there is no plan to increase the price of raw material o-benzene. In addition, the downstream purchase is mainly on demand. With the temperature rising, the plasticizer industry is gradually in the short-term sales off-season. It is expected that the market price of phthalic anhydride will remain depressed in the later period, and the price will still fall slightly.

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Supply is tight, caprolactam price keeps rising

1、 Price trend

 

According to the data in the bulk list of business agency, the average ex factory price of domestic caprolactam liquid on May 11 was 9066 yuan / ton, and the average ex factory price of domestic caprolactam liquid on May 14 was 9833 yuan / ton, with the price rising 8.46% this week.

 

PVA

On May 13, the caprolactam commodity index was 49.79, unchanged from yesterday, down 50.21% from the highest point in the cycle of 100.00 (2017-03-02), and up 26.37% from the lowest point of 39.40 on April 7, 2020. (Note: cycle refers to 2017-03-01 till now)

 

2、 Market analysis

 

Product: caprolactam rose due to tight spot supply. As of May 14, the price of caprolactam liquid in Shandong Luxi Chemical Co., Ltd. was 9400 yuan / ton, cash was delivered, and the manufacturer’s capacity was 300000 tons. The actual transaction can be discussed. The price of Nanjing Dongfang caprolactam liquid is 10300 yuan / ton, the 400000 ton / year unit is in normal operation, and the caprolactam unit is in normal operation. The price of Baling Hengyi caprolactam liquid is 10000 yuan / ton, and the 450000 ton / year unit is normally started and delivered by acceptance. The price of caprolactam liquid of Baling Petrochemical Co., Ltd. is 10000 yuan / ton. The 300000 ton / year unit is normally started and accepted.

 

Industrial chain: this week, the price of raw material pure benzene rose steadily. The price of raw material pure benzene is 3100-3600 yuan / ton. On May 13, North China: Qilu Petrochemical Company quoted 3100 yuan / ton; East China: Yangzi Petrochemical Company quoted 3150 yuan / ton; South China: Hainan Refining & chemical company quoted 3150 yuan / ton; Central China: Wuhan ethylene company quoted 3150 yuan / ton; China chemical industry group quoted 3600 yuan / ton. Jingbo petrochemical company quoted 3600 yuan / ton; Dongming Petrochemical Company quoted 3500 yuan / ton; HSBC petrochemical company quoted 3150 yuan / ton; Jincheng petrochemical company quoted 3500 yuan / ton.

 

PVA 1788 (PVA BP17)

Industry: according to the price monitoring of the business agency, there are 13 kinds of commodities in the rise and fall list of bulk commodity prices on May 13, 2020, among which there are 2 kinds of commodities with an increase of more than 5%, accounting for 2.2% of the number of commodities monitored in this sector; the top 3 commodities are chloroform (6.06%), ethylene (5.24%) and isopropanol (4.19%). There are 9 kinds of commodities with a decline in the month on month ratio, and the top 3 products were lithium hydroxide (- 2.34%), propane (- 1.64%) and epichlorohydrin (- 1.62%). The average price of this day is 0.2%.

 

3、 Future forecast

 

Caprolactam analysts of the business club believe that the domestic caprolactam spot supply is tight this week, the price continues to rise, the price of raw materials is rising steadily, and the price of caprolactam continues to be high. As part of the enterprise equipment is about to restart, the supply side will ease, and it is expected that the caprolactam market will fluctuate at a high level in the short term.

http://www.lubonchem.com/