According to statistics, the price of phthalic anhydride in China continues to decline. As of February 17, the price of phthalic anhydride from o-phthalic method was 5750 yuan / ton. Recently, the price of phthalic anhydride in China continues to decline, the demand of plasticizer industry does not improve, and the market of phthalic anhydride is in a low state.

 

PVA 1788 (PVA BP17)

In recent years, the market price of phthalic anhydride in China has continued to decline. Affected by the epidemic situation, the transportation of chemicals is limited. The inventory of some phthalic anhydride manufacturers has increased and the delivery situation is poor. In East China, the market price of phthalic anhydride and phthalic anhydride has fallen, downstream factories have shut down a lot, factory inventory pressure has increased, and high-end transactions have been blocked. Recently, the factory inventory has increased, and the market price trend of phthalic anhydride has declined. In East China, the main flow of negotiation for neighboring process and naphthalene process is 5500-6000 yuan / ton and 5300-5600 yuan / ton respectively. In North China, the main quotation for phthalic anhydride market is 5400-5800 yuan / ton. Most of the manufacturers in the site have price callback, the downstream construction is not high, the procurement is based on demand, and the wait-and-see mentality is strong. The domestic phthalic anhydride plant starts normally, and the spot supply of phthalic anhydride in the site is sufficient. In addition, under phthalic anhydride, the main flow of negotiation is 5400-5800 yuan / ton The demand for phthalic anhydride is not good, and the price trend of phthalic anhydride keeps falling.

 

PVA FIBER

In the near future, the execution price of phthalic anhydride upstream products in China on February 17 is 5800 yuan / ton. The import price of phthalic acid in the port area is slightly lower and the quotation is declining. In the near future, the price of phthalic acid in the port is weak, the port inventory is increased, and the price of phthalic acid in the external market is lower. The actual transaction price is subject to the negotiation, and the detailed negotiation is made. The price of phthalic anhydride market is lower due to the decrease of upstream raw material phthalic acid price.

 

In the downstream, the price of DOP raw material isooctanol fluctuated and fell, the cost of DOP raw material fell, DOP enterprises started work normally, the operating rate dropped, during the anti epidemic period, logistics was limited, transportation was difficult, DOP supply was normal, DOP manufacturers’ inventory was high. The price of DOP fell, the purchasing enthusiasm of customers was poor, the price of downstream PVC fluctuated and remained stable, and the equipment of PVC enterprises started at a low level. The main quotation in DOP market is about 7100-7500 yuan / ton, and the price trend in the downstream is slightly down. In addition, the price of ox in the upstream is down. It is expected that the market price of phthalic anhydride will maintain a slightly down trend in the later period.

http://www.barium-chloride.com

1、 Price trend

 

According to the price monitoring of the business agency, the domestic methanol market continued to decline this week. At the beginning of the week, the average price of domestic methanol market was 2155 yuan / ton, and at the end of the week, it was 1985 yuan / ton, down 7.89% in the week. The price fell 11.88% on a month on month basis, down 10.67% on a year-on-year basis.

 

PVA 1799 (PVA BF17)

2、 Market analysis

 

Products: due to the lack of logistics and the slow resumption of downstream methanol enterprises after the festival, although the domestic methanol enterprises have started to work, the methanol market is still in a pattern of oversupply, especially in the northwest region where methanol needs to be exported in large quantities. The factory inventory is gradually increasing and the sales pressure is prominent. This week, the price in Inner Mongolia fell to 1400-1530 yuan / ton, and some fell by 250 yuan / ton. The port’s methanol meijinpan has not heard the actual single negotiation yet. The paper goods offer in early Zhou and far in the month discussed the fixed price offer of non Iraqi goods of 248-251.5 US dollars / ton. At present, in addition to the stable demand of MTO factory, other demands are relatively bleak. The dollar price holders say that the current supply of us gold plate is limited, so they wait and see.

 

Industry chain: formaldehyde: this week, the domestic formaldehyde market is light, and the overall situation is still in a large-scale shutdown. The downstream market is in a state of shutdown, the upstream methanol market continues to fluctuate and fall, and the cost and demand are difficult to be favorable. In addition, the transportation is limited everywhere, so there is no transaction in the market. Under the influence of the overall negative, the short-term formaldehyde market is difficult to improve and will remain weak.

 

Acetic acid: this week, the domestic acetic acid market is light and stalemate. Due to the limited automobile transportation in the market, limited trading and investment among regions, the inventory of acetic acid manufacturers keeps growing, while the start-up of the downstream acetic acid ester industry continues to be low, all the parking manufacturers are delayed to restart, and the start-up of PTA industry is also slowly declining, which leads to the substantial positive and weak market demand.

 

Dimethyl ether: the domestic market price of dimethyl ether is stable as a whole this week, and the prices of individual enterprises are adjusted flexibly. According to statistics, the overall operation of dimethyl ether in China this week was about 4.85%, down 5.49% and 53.09% from last week. The overall low-level operation of domestic construction, even though the market traffic is not convenient and the actual transaction is less, the enterprise quotation is still weak and stable. The main reference price in Henan Province is 3100-3150 yuan / ton.

 

PVA FIBER

3、 Future forecast

 

From the perspective of business community: on the positive side, it is difficult to purchase raw materials and sell costs for methanol plants, and the production load of some methanol production enterprises is reduced; in Iran, the methanol plant shut down due to gas restriction at the early stage is still not recovered, and it is expected that the import volume will continue to decline in February. On the negative side, since the Spring Festival, domestic methanol downstream products have shown different performances, and the overall demand has shown a downward trend. Except for the smooth commencement of acetic acid, DMF and other downstream products, the rest have decreased to varying degrees; the commencement of methanol to olefin enterprises has slightly decreased, and the unit load of Jiutai, Zhongtian hechuang and ningxiabaofeng in Inner Mongolia has decreased by 20-30%; the other two sets of MTO units in the port have maintenance plans in late February. During the Spring Festival, most of the methanol enterprises are in normal production, while the traditional demand falls to the freezing point of the year. Due to public safety emergencies, most of the downstream methanol enterprises that have stopped are not back to work, and the logistics recovery is very slow. The pressure on the raw material procurement and finished product sales of the downstream methanol enterprises is prominent. After the festival, the main downstream start-ups are generally reduced by 7-40%, such as acetic acid, MTO, MTBE, etc., which makes the domestic methanol demand snow Add frost on the market; although the start-up of methanol enterprises has been reduced by about 10%, they are still in the pattern of oversupply. The methanol analysts of the business association predict that the short-term methanol trend is still declining, but the transaction price of many places falls below the cost line, and the decline is expected to slow down.

http://www.barium-chloride.com

1、 Price trend

 

PVA 1799 (PVA BF17)

According to the monitoring of bulk data from the business agency, the price of chloroform in Shandong increased slightly. The average price at the beginning of the month was about 2000 yuan / ton. As of February 12, the price was 2050 yuan / ton, up 2.5% per day.

 

2、 Cause analysis

 

Product reasons: novel coronavirus pneumonia is affected by the new crown pneumonia epidemic after the Spring Festival. Besides the parking of Jinmao plant in Dongying, the production of chloroform in Shandong area has generally started about 5. Due to limited transportation, the shipment of enterprises is not smooth, the pressure of the warehouse is increasing. On the 12 day, Shandong Jinling has completely stopped, and the spot supply of the market has further declined, and the enterprise immediately increases the offer. Before that, the quotation in Shandong was about 2050 yuan / ton, Jiangxi Liwen was about 2150 yuan / ton, and Jiangsu was about 2900 yuan / ton.

 

PVA 1788 (PVA BP17)

Industry chain: in the upstream, the methanol market is not well started, mainly consuming inventory, and the overall demand is poor. At present, it is about 2147 yuan / ton; in the liquid chlorine market, the start-up is low, and the spot supply is tight, at present, it is about 300-500 yuan / ton. In the downstream, the domestic refrigerant market is basically closed, with stable price operation; the pharmaceutical agricultural market and solvent industry are not well started, with poor rigid demand and insufficient support for the price of chloroform.

 

3、 Future forecast

 

According to the data analyst of methane chloride of business association, affected by the epidemic situation of new crown virus, domestic chloroform enterprises have difficulty in shipping and obvious storage pressure. Affected by the overall shutdown of Jinling, the spot supply has declined to a certain extent, and it is expected that the market price will fluctuate in a short time.

http://www.barium-chloride.com

On February 11, 2020, the factory cash price of magnesium ingots (99.9%, non pickling, simple packaging) in the main domestic production areas was stable, and there were not many domestic quotation enterprises. Because the protection and disinfection materials of the front-line workers were difficult to guarantee, there were not many enterprises in various regions that met the comprehensive return to work standard. At present, the cross regional transportation capacity is weak, the domestic delivery and investment is not much, and the home-based inquiry is mainly.

 

According to the follow-up information of the business agency, Shaanxi dongxinyuan chemical metal magnesium is currently in a state of shutdown; Shaanxi Tianyu magnesium Group Co., Ltd. is preparing for resumption of work approval; Yulin Tianlong magnesium industry is reducing production and operation due to transportation problems; traders are unable to enter the market due to transportation problems, and it is difficult for them to enter the market. At present, domestic magnesium market is in a state of price or not, and the situation of the epidemic situation changes in the later period.

 

Magnesium market trend

 

 

According to the data of business agency, the average market price of domestic magnesium ingot on February 11, 2020 is 14083.33 yuan / ton, and the recent price is relatively stable. Due to the lack of trading volume, some manufacturers have quoted 14500 yuan / ton.

 

PVA FIBER

After the Spring Festival, there are few quoted enterprises in the market. Due to the problems of raw material reserve, transportation and labor safety after the Spring Festival, it is difficult to guarantee the overall normal production in the near future, and the output of the production end is not much; the sales end is difficult to enter the market due to the transportation problems, and the actual receiving transactions are almost stagnant. Manufacturers have a low willingness to offer and wait for the market trend.

 

Expected market outlook

 

With the change of commencement policy, it is expected that it will take some time to fully commence. At present, the downstream alloy manufacturers and magnesium powder manufacturers have prepared goods years ago, and the downstream raw material inventory has accumulated to a certain extent. With the effect of return to work convergence, it is expected that the upstream and downstream magnesium ingots will enter the stage of supply and demand stalemate. In the later stage, pay attention to the change of upstream and downstream commencement rhythm.

 

Data review in 2019

 

Production end:

 

According to the preliminary statistical data of China Nonferrous Metals Industry Association, 763900 tons of original magnesium were produced by the Communist Party of China from January to November 2019, an increase of 11.16% year on year. Among them, the cumulative production in Shaanxi is 465900 tons, up 19.01% year on year; the cumulative production in Shanxi is 108500 tons, up 13.41% year on year; the cumulative production in Ningxia is 51500 tons, down 18.51% year on year.

 

PVA 1799 (PVA BF17)

According to relevant statistical data, it is estimated that the domestic original magnesium output in 2019 will be about 927700 tons.

 

Consumer end:

 

According to relevant statistics, the domestic consumption is 472300 tons. In terms of import and export, it is estimated that 446500 tons of various magnesium products will be exported. According to the statistics of the General Administration of customs, from January to November 2019, China exported 409300 tons of various magnesium products, a year-on-year increase of 9.29% and a cumulative amount of US $1.048 billion, a year-on-year increase of 12.08%. Among them, the total export of magnesium ingot is 217900 tons, up 14.54% year on year; the total export of magnesium alloy is 100900 tons, down 0.61% year on year; the total export of magnesium powder is 77900 tons, up 6.88% year on year.

http://www.barium-chloride.com

According to statistics, the market price of phthalic anhydride in this week declined. As of the end of the week, the domestic price of phthalic anhydride by ortho phthalic method was 5962.5 yuan / ton, down 3.25% from 6162.5 yuan / ton at the beginning of the week, down 15.63% year on year.

 

PVA 1799 (PVA BF17)

This week, the domestic market price of phthalic anhydride fell, the market price of phthalic anhydride in East China fell, the downstream factories maintained rigid purchase, the factory inventory pressure increased, the high-end transaction was blocked, the transportation during the epidemic was more difficult, the domestic phthalic anhydride manufacturers’ delivery situation was not ideal, and the market price trend of phthalic anhydride declined. In East China, the main flow of negotiation for neighboring method and naphthalene method is 5700-6000 yuan / ton and 5600-5800 yuan / ton respectively; in North China, the main quotation for phthalic anhydride market is 5900-6200 yuan / ton, most of the manufacturers’ prices in the site are mainly reduced, the downstream construction is not high, the procurement is mainly on demand, the wait-and-see state is relatively strong, the operation of domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride in the site is normal, and some enterprises are under the situation The market price of phthalic anhydride keeps falling.

 

PVA 1788 (PVA BP17)

In the near future, the execution price of domestic phthalic anhydride upstream product Sinopec has dropped by 500 yuan / ton to 5800 yuan / ton. The import price of phthalic acid in port area has declined and the quotation has declined. In the near future, the price of phthalic acid in port area has decreased, the port inventory has increased, and the quotation of phthalic acid external market has declined. The actual transaction price is subject to negotiation and detailed discussion. Affected by the sharp decline of upstream raw material price of phthalic acid, the market price of phthalic anhydride has fallen.

 

This week, the downstream DOP price fell slightly, the price of isooctanol fell in shock, the cost of DOP raw materials fell in shock, the start-up of DOP enterprises was basically normal, the start-up rate fell, during the anti epidemic period, logistics was limited, transportation was difficult, DOP supply was normal, DOP manufacturers’ inventory was high. The price of DOP fell, the purchasing enthusiasm of customers was poor, the price of downstream PVC fluctuated and remained stable, and the equipment of PVC enterprises started at a low level. The main quotation in DOP market is about 7100-7500 yuan / ton, and the downstream price trend is declining. In addition, the upstream ox price has fallen. It is expected that the market price of phthalic anhydride will remain depressed in the later stage, with the price around 5900 yuan / ton.

http://www.barium-chloride.com