1、 Price trend

According to the data of the commodity list of business association, the average price of formaldehyde in Shandong Province on the 23rd was 1026.67 yuan / ton, and the average price of formaldehyde in Shandong Province on the 24th was 1000.00 yuan / ton, down 2.60%. The current price is 23.47% lower than last year.

2、 Market analysis

Products: Recently, the price of formaldehyde in the domestic market has fallen. As of the 24th, the main factory quotation in Hebei is about 820 yuan / ton, that in Shandong is 920 yuan / ton, and that in Jiangsu is 1100 yuan / ton. The annual output of 120000 tons formaldehyde plant in Linyi Yinhe, Shandong Province has been restarted, with the formaldehyde content of 36.7-37%. Linyi Jinyuan Chemical Co., Ltd. has two formaldehyde production lines with an annual production capacity of 80000 tons and formaldehyde content of 37%, which have been restarted. Formaldehyde market stock increased, formaldehyde factory mentality is short, the price all the way down.

Industry chain: upstream methanol situation: domestic methanol spot continued to decline, the northwest of the main production area dropped significantly, Inner Mongolia and Northern Shaanxi dropped to 1400-1550 yuan / ton; the consumption market fell synchronously. The methanol social inventory of ports in East and South China continued to increase, with a total inventory of 1031500 tons. Among them, the inventory of East China increased, and that of South China went to storage this week. The inventory accumulation in Jiangsu area is mainly due to the concentration of Taicang and Nanjing to the ship, but the pick-up volume in the week has not been significantly improved. The reason for Guangdong to go to the warehouse is that there are few imported ships this week. It is expected that the ships arriving at the port will be delayed due to the unloading at the last port. But the downstream market is mainly on demand, and the overall transaction is light. Formaldehyde enterprises in order to ship low prices, formaldehyde market all the way down.

3、 Future forecast

Recently, the upstream methanol market fell, the cost side fell, and the demand side was weak, so the formaldehyde analyst of the chemical branch of the business society predicted that the domestic formaldehyde price or low consolidation was the main trend in the near future.

Price trend:

According to the data monitoring of business association, from February 2020, the market of dimethyl ether has shown a downward trend. In March, the decline of dimethyl ether increased, especially in the last half of the month. On March 8, the average ex factory price of dimethyl ether was 2930 yuan / ton, and on March 23, the average price was 2583.33 yuan / ton. During this period, the price of dimethyl ether fell by 11.83%, 21.95% lower than that of the same period last year. At present, the price of dimethyl ether has reached a new low in nearly a decade, and the decline has not stopped.

In March, the trend of DME declined as a whole, with only a small rebound during the period. At the beginning of the month, with the support of crude oil, the civil market of liquefied gas continued to rise, and the downstream market entered the market for staged replenishment. The trading atmosphere in the DME market improved, and a slight rebound occurred on the 5th, but then it returned to the decline under the influence of the international crude oil slump. Entering this week, the transaction atmosphere of dimethyl ether market continued to be light and did not improve. This week, the decline of liquefied gas is obvious, more than 3000 yuan / ton, which has a great impact on DME. The price difference between gas and ether is gradually reduced, and the pressure of DME is downward. At the weekend, Henan xinlianxin once again carried out the policy of bottom protection, and the settlement price was lowered by 20 yuan / ton after the announcement, and the downward trend of the two methyl ether Market is still continuing.

Industry chain: on March 15, the average price of domestic liquefied gas market was 3466.67 yuan / ton, and on March 19, the average price was 2750 yuan / ton. On March 19, the daily decline was as high as 10.33%, the weekly price drop was 20.67%, and the price fell 29.97% compared with the same period last year. Affected by the decline of international crude oil, the civil market of liquefied gas follows the trend. Most of the civil gas in Shandong market has fallen below the 3000 yuan mark, and the civil gas market in other parts of the country is also on the edge of 3000 yuan. At present, the market supply has increased compared with the previous stage, but the load reduction production is more, the terminal market is not fully opened, and the demand is limited, and the market is still in a situation of supply exceeding demand. The downstream market sentiment is not high, and the attitude of “buying up, not buying down” is more wait-and-see. The manufacturer’s shipment is not smooth, the inventory pressure is large, and the price drops broadly.

Industry: according to the price monitoring of the business agency, there are 0 kinds of commodities rising month on month in the energy sector in the list of commodity prices rising and falling in the 11th week of 2020 (3.16-3.20). There are 16 kinds of commodities falling on a month on month basis, with 7 kinds of commodities falling by more than 5%, accounting for 43.8% of the number of commodities monitored in the sector; the top three products falling are WTI crude oil (- 18.34%), liquefied gas (- 18.23%) and Brent crude oil (- 14.50%). This week’s average was – 6.6%.

Future market forecast: on March 19, the crude oil market rebounded, especially the WTI settlement price rose by 27% in a single day, the largest one-day increase in recent years, which is good for the market mentality. Today (23) the liquefied gas market recovered and some rebounded. However, the crude oil fell in the morning, and the demand for dimethyl ether is still general, the terminal digestion capacity is limited, and the overall market is still weak. It is expected that in the short term, the weak adjustment will be dominant, and the long-term trend of crude oil still needs attention.

1、 Price trend

According to the price monitoring of the business agency, the market price of asphalt fell this week, and the price of asphalt was reported as 3300 yuan / ton, 2.37% lower than that of last week.

2、 Analysis of influencing factors

Product: the international oil price continues to fall, the demand of asphalt market is low, and the price of asphalt market falls this week.

Industrial chain: since the OPEC + conference, Saudi Arabia has been releasing the news of a substantial increase in production, and Russia has actively responded to the war to increase production. Although U.S. President trump said that he would intervene in the oil price dispute between Saudi Arabia and Russia at the right time, and the international oil price rebounded in retaliation, as of 15:00 on the 20th, WTI crude oil price was 27.5 US dollars / barrel, and WTI crude oil futures still fell 16%.

In terms of asphalt Market: crude oil price continued to decline this week, and asphalt spot continued to decline. On Tuesday, Sinopec’s Asphalt price in East China and South China was reduced by 200 yuan / ton, and the asphalt price in Sichuan Province, China Sea, was reduced by 700 yuan / ton twice. The asphalt transaction prices in Northeast China, Shandong Province and Hebei Province were continuously reduced, and the market price decline was hard to stop. Although it just needs to recover, the demand side is limited, and the trend of crude oil price is pessimistic. Major institutions continue to reduce the price expectation in the later period, the market mentality is pessimistic, the cost end of asphalt production collapses, and there is room for asphalt price to be lowered.

3、 Future forecast

Lu Xingjun, an asphalt analyst at business club, believes that: Although crude oil rebounds sharply, global crude oil demand is still shrinking, and there is no sign of turning around in the current oil price war between Saudi Arabia and Russia, and the production cost of asphalt continues to pull down. It is expected that the price of asphalt market will continue to bear pressure in the near future.

1、 Price trend

According to the data of the commodity list of the business association, the average price of formaldehyde in Shandong on the 18th was 1076.67 yuan / ton, and the average price of formaldehyde in Shandong on the 17th was 1026.67 yuan / ton, down 4.64%. The current price is down 21.43% year on year.

2、 Market analysis

Products: Recently, the price of formaldehyde in the domestic market has fallen. As of the 18th, the main factory quotation of Hebei is about 920 yuan / ton, that of Shandong is about 920 yuan / ton, and that of Jiangsu is 1100 yuan / ton. The annual output of 120000 tons formaldehyde plant in Linyi Yinhe, Shandong Province has been restarted, with the formaldehyde content of 36.7-37%. Linyi Jinyuan Chemical Co., Ltd. has two formaldehyde production lines with an annual production capacity of 80000 tons and formaldehyde content of 37%, which have been restarted. Formaldehyde manufacturers started to improve as a whole, the supply of goods was sufficient, the market trading atmosphere was cold, and the price continued to fall.

Industry chain: upstream methanol: affected by the collapse of international crude oil futures, the main methanol contract ma2005 of zhengshangsuo fell and stopped, and the methanol spot price in East China kept linkage with it, and the market in East China, South China and other places fell sharply. In the first half of the week, methanol in the mainland was mostly on the sidelines. With the port falling sharply, the price in the mainland was also loose, and Shandong, North China, central China and other places were in decline. Enterprises in the main production areas had limited offers, and more contracts were executed. The downstream market operating rate is general, the demand is weak, and the market trading atmosphere is cold. Formaldehyde enterprises have lowered their prices in order to ship, and the formaldehyde market has declined all the way.

3、 Future forecast

Recently, the international crude oil epic collapse, the U.S. stocks plummeted, the domestic public health events just improved, while the overseas rapid spread and spread, under the interweave of long and empty, the upstream methanol fell sharply, the downstream market overall recovery was slow, and the demand was weak, so the formaldehyde analyst of business and chemical branch predicted that the recent domestic formaldehyde price or low consolidation was the main.

1、 Price trend

According to the data of the large scale list of business agencies, the price trend of TDI market in this week is stable. The average price of East China market in this week is 11100 yuan / ton, which is stable compared with last week, down 17.37% year-on-year.

2、 Market analysis

Products: this week, the domestic TDI market narrowed and weakened, the downstream current construction situation is not optimistic, the demand for raw materials is limited, the pressure of the industry’s shipment is large, the actual shipment order negotiation is low, and the factory policy is waiting. By the end of the 13th, the market in North China has been stabilized and sorted out, and the attitude of the operators is mainly wait-and-see. The weak market in East China has been followed up, and the atmosphere in the market is cold. The quotation of the operators is stable and wait-and-see. The quotation of domestic goods with tickets is 10500-10700 yuan / ton, and that of Shanghai goods with tickets is 10900-11000 yuan / ton.

Industrial chain: in terms of toluene, although domestic enterprises have gradually entered the resumption period, and market demand has gradually improved, domestic toluene prices still follow the decline due to the sharp drop in international crude oil prices and the sharp drop in market prices in South Korea, the main source of toluene imports. At present, the mainstream price in East China is about 4500 yuan / ton, the demand for toluene is lack, the terminal consumption is slow, and the market price is stagnant.

3、 Future forecast

According to the analysis of the data division of the business association, the TDI market is weak, the downstream construction situation is not optimistic, the atmosphere in the market is relatively cold, the overall offer of the industry is stable, the downstream demand is weak, and the transaction volume is insufficient. It is expected that TDI market will wait and see in the later stage and pay attention to the factory news.