On September 9, the phthalic anhydride commodity index was 65.33, up 0.77 points from yesterday, down 45.62% from the cyclical peak of 120.13 points (2012-02-28), up 34.92% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price trend of phthalic anhydride continues to rise. The market price of phthalic anhydride in eastern China is rising. The downstream factories are just in need of purchasing. Inventory of factories is still under pressure and high-end transactions are blocked. However, the orders on the market are higher than before, and the market price of phthalic anhydride keeps rising. In East China, the mainstream of neighbouring-law supply negotiations is 6800-7000 yuan/ton, while in naphthalene-law supply negotiations is 6400-6600 yuan/ton; in North China, the mainstream quotation of phthalic anhydride market is 6600-6800 yuan/ton, the market price keeps rising, some manufacturers increase the ex-factory price, the downstream start-up is not high, purchasing on demand is dominant, and the domestic phthalic anhydride market has a strong wait-and-see mentality. The plant operates stably, the spot supply of phthalic anhydride is normal, and the price trend of phthalic anhydride keeps rising.

Recently, the price of domestic phthalic anhydride upstream product Sinopec o-phthalic anhydride is 6300 yuan/ton. Due to the overhaul of domestic phthalic anhydride manufacturers, the supply of goods on the site is tight, the price of o-phthalic anhydride has risen, the import market of o-phthalic anhydride has not changed much, the domestic market price of o-phthalic anhydride has risen, the recent The quotation is stable. The actual transaction price is based on negotiation. Recently, the domestic overhaul facilities for phthalic anhydride have increased. The supply of phthalic anhydride in the field is very tight. Supported by the price of phthalic anhydride in the upstream raw material, the market price of phthalic anhydride has continued to rise. DOP prices in the downstream rose, isooctanol prices rose, and DOP costs rose. DOP prices rose, DOP downstream demand shocked and declined, customer purchasing enthusiasm was general, downstream PVC market slightly lower, DOP market mainstream transaction price of about 7800 yuan/ton, downstream prices rose, the market price of phthalic anhydride is expected to continue to rise in the later period.

Price Trend

According to the data of business associations, the price trend of domestic TDI market declined slightly this week. At the beginning of the week, the average market price in East China was about 13,000 yuan/ton. At the end of the week, the average market price in East China was about 12,800 yuan/ton. Within the week, the decline was 1.54%, which was 57.76% lower than the same period last year.

II. Market Analysis

Products: This week, the TDI market in East China is weak, the price trend is down, the atmosphere is still light, the mindset of the operators is weak, and the stability of the offer is the main way to negotiate shipment. As of the 6th, China’s domestic goods with tickets out of the warehouse offer reference 13000-13100 yuan/ton, Shanghai goods with tickets out of the warehouse offer reference 13200-13300 yuan/ton, a single talk, the actual negotiations.

Industry chain: The price trend of nitric acid in upstream is stable, and the market price remains stable at about 1600 yuan/ton in a week. The mainstream quotation of nitric acid in Jiangsu is 1600 yuan/ton, and the quotation is temporarily stable. The demand of nitric acid market is general. The quotation of the manufacturer is basically stable, and the quotation of individual manufacturer is somewhat loose. The nitric acid shipment situation is general. Influenced by the rise of crude oil upstream, the decline of port stocks and the improvement of market turnover, toluene market prices rose sharply this week. At present, the mainstream price in East China is around 6130 yuan/ton, up 6.79% from 5740 yuan/ton at the beginning of the week. According to the feedback from traders, the trading volume fell slightly from last week, and the port inventory dropped by about 7,000 tons to about 27,000 tons.

Industry: With the arrival of the traditional peak season in September, Sino-US trade has made TDI and downstream industries export a little laborious. The terminal digestion speed of TDI is not as fast as before, the market demand is weak, the domestic TDI market is weak, the inquiry trade is still weak, the price is low, the turnover is small, a small number of orders follow-up, the mindset of the industry is weak.

3. Future Market Forecast

According to the data analyst of business associations, the domestic TDI market is weak, the overall atmosphere in the field remains light, and follow-up transactions are scarce. It is expected that the TDI market will be disadvantaged in the later period.

On September 5, the phthalic anhydride commodity index was 63.10, up 1.46 points from yesterday, down 47.47% from the cyclical peak of 120.13 points (2012-02-28), and up 30.32% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price trend of phthalic anhydride has risen sharply. The market price of phthalic anhydride in eastern China has risen. The downstream factories are still in need of purchasing. Inventory of factories is still under pressure and high-end transactions are blocked. However, orders on the market have risen, and the market price of phthalic anhydride has continued to rise. In East China, the mainstream of neighbouring-law supply negotiations is 6500-6600 yuan/ton, naphthalene-law supply negotiations is 6000-6100 yuan/ton; in North China, the mainstream quotation of phthalic anhydride market is 6300-6400 yuan/ton, the market price keeps rising, some manufacturers increase the ex-factory price, the downstream start-up is not high, purchasing on demand is dominant, the wait-and-see mentality is strong, domestic phthalic anhydride is strong. The plant operates stably, the spot supply of phthalic anhydride is normal, and the price trend of phthalic anhydride is rising.

Recently, the price of domestic phthalic anhydride upstream product Sinopec o-phthalic anhydride is 6300 yuan/ton. Due to the overhaul of domestic phthalic anhydride manufacturers, the supply of goods on the site is tight, the price of o-phthalic anhydride has risen, the import market of o-phthalic anhydride has not changed much, the domestic market price of o-phthalic anhydride has risen, the recent The quotation is stable. The actual transaction price is based on negotiation. Recently, the domestic overhaul facilities for phthalic anhydride have increased. The supply of phthalic anhydride in the field is very tight. Supported by the price of phthalic anhydride in the upstream raw material, the market price of phthalic anhydride has continued to rise. DOP prices in the downstream rose, isooctanol prices rose, and DOP costs rose. DOP prices rose, DOP downstream demand shocked and declined, customer purchasing enthusiasm was general, downstream PVC market slightly lower, DOP market mainstream transaction price of about 7700 yuan/ton, downstream prices rose, the market price of phthalic anhydride is expected to continue to rise in the later period.

On September 4, the fluorite commodity index was 104.61, unchanged from yesterday, down 17.95% from the peak of 127.49 points in the cycle (2019-01-03), and up 112.58% from the low of 49.21 points on December 18, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the domestic fluorite price trend remains low, the average domestic fluorite price is 2981.25 yuan/ton as of the 4th day. Recently, the domestic fluorite plant started normally, the mine and flotation plant in the field started normally, the fluorite supply in the field is sufficient, and the price of hydrofluoric acid in the downstream has been declining in the near future. Goods are in poor condition and fluorite market prices are declining. Recent downstream installation start-up situation is general, fluorite spot supply is normal, terminal downstream demand is not improving, resulting in a decline in market prices. As of the 2nd day, the price of 97 fluorite wet powder in Inner Mongolia is 2800-3000 yuan/ton, the mainstream of 97 fluorite wet powder in Fujian is 2900-3000 yuan/ton, the price of 97 fluorite wet powder in Henan is 2900-3000 yuan/ton, and the price of 97 fluorite wet powder in Jiangxi is 2900-3100 yuan/ton. The price trend of fluorite is low.

The market price of hydrofluoric acid in the downstream of fluorite is declining. The domestic market price of hydrofluoric acid is 10 370 yuan/ton as of the 4th day. The decline of the market price of hydrofluoric acid has a negative impact on the upstream fluorite market. However, the recent start-up of hydrofluoric acid plant is general. The demand for fluorite has weakened and the price of fluorite has decreased. Recent downstream refrigerant market trading market is general, domestic refrigerant R22 market shocks down, from the market supply point of view, refrigerant R22 market continues to be weak, manufacturers reduce the start-up load, market supply capacity has decreased, inventory pressure has been buffered. On the demand side, the downstream air conditioning manufacturers’overhaul, the demand has only decreased but not increased, and the price of domestic large enterprises has dropped to 14,000-15,000 yuan per ton. The domestic market price of R134a has declined, the start-up rate of production enterprises has remained low, the market demand for refrigerants has decreased, and manufacturers mainly export their products. However, on-site transaction prices continue to decline, businesses purchase on demand, the end of the peak season, downstream terminal demand only declined but not increased, the fluorite market affected prices remain low.

Generally speaking, the downstream refrigerant industry is declining, and the supply of fluorite market is sufficient, and the demand of downstream refrigerant industry is not good. Chen Ling, an analyst of business associations, believes that the price of fluorite market may continue to decline.

On September 3, the phthalic anhydride commodity index was 61.64, up 1.79 points from yesterday, down 48.69% from the peak of 120.13 points in the cycle (2012-02-28), up 27.30% from the low of 48.42 points on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price trend of phthalic anhydride has risen sharply. The market price of phthalic anhydride in eastern China has risen. The downstream factories are still in need of purchasing. Inventory of factories is still under pressure and high-end transactions are blocked. However, orders on the market have risen, and the market price of phthalic anhydride has continued to rise. In East China, the mainstream of neighbouring-law source negotiation is 6400-6500 yuan/ton, naphthalene-law source negotiation is 5800-6000 yuan/ton; in North China, the mainstream quotation of phthalic anhydride market is 6200-6300 yuan/ton, the market price keeps rising, some manufacturers increase the ex-factory price, the downstream start-up is not high, purchasing on demand is dominant, wait-and-see mentality is strong, domestic phthalic anhydride is strong. The plant operates stably, the spot supply of phthalic anhydride is normal, and the price trend of phthalic anhydride is rising.

Recently, the price of domestic phthalic anhydride upstream product Sinopec o-phthalic acid is 6300 yuan/ton, the import market of phthalic anhydride has not changed much, the domestic market price of o-phthalic anhydride has risen, the recent market price of o-phthalic anhydride in the port is general, the port stock is low, the quotation of o-phthalic anhydride is stable, the actual transaction price is based on negotiation With the increase of plant, the supply of phthalic anhydride in the field is very tight. Supported by the price of phthalic anhydride in the upstream raw material, the market price of phthalic anhydride has risen sharply. DOP prices in the downstream rose, isooctanol prices rose, and DOP costs rose. DOP prices rose, DOP downstream demand shocked and declined, customer purchasing enthusiasm was general, downstream PVC market slightly lower, DOP market mainstream transaction price of about 7400 yuan/ton, downstream prices rose, the market price of phthalic anhydride is expected to continue to rise in the later period.