According to the monitoring of business agency, the domestic market price of phthalic anhydride decreased in July. As of the 30th day, the quoted price of phthalic anhydride was 5037.5 yuan / ton, which was 3.59% lower than the price of 5225 yuan / ton at the beginning of the month, and 12.14% lower than that at the beginning of the month. In July, the price of phthalic anhydride dropped and the market price of phthalic anhydride fell.

In July, the domestic market price of phthalic anhydride declined, and the market situation of phthalic anhydride was general. In the near future, the downstream demand was not good, and the price of o-phthalic anhydride dropped, which affected the price of phthalic anhydride slightly. Domestic phthalic anhydride manufacturers started normal operation, and the operating rate of phthalic anhydride was about 60%. The domestic phthalic anhydride spot supply was sufficient. The downstream plasticizer industry mainly purchased on demand. The merchants in the market were bullish and the market was general. In East China, the market price of phthalic anhydride and phthalic anhydride declined, and high-end transactions were limited. In East China, the main source negotiation of neighboring France was RMB 5000-5100 / T, while that of naphthalene process was 4800-4900 yuan / T; the mainstream quotation of phthalic anhydride market in North China was 4900-5100 yuan / T, and the market outlook of phthalic anhydride was still in existence, and the market price of phthalic anhydride fell.

The domestic price of o-benzene decreased slightly in July. As of the end of the month, the price of o-benzene was 4400 yuan / T, down 1.35% from the price of 4460 yuan / T at the beginning of the month. The decline of domestic o-benzene price was a big negative effect on the phthalic anhydride market. In addition, the price of imported o-benzene in the port area declined, and the external quotation of o-benzene declined. The actual transaction price was subject to negotiation. The actual list was discussed in detail. In addition, the on-site o-benzene merchants had a strong wait-and-see mood, The price of o-benzene decreased slightly, and the price of raw material o-benzene declined, which was detrimental to the domestic market price of phthalic anhydride.

The DOP market price in the downstream of phthalic anhydride fell in July. According to the monitoring of the business agency, the price of DOP at the end of July was 7133.33 yuan / ton, which was 4.04% lower than the price of 7433.33 yuan / ton at the beginning of the month. The price of isooctanol in the field fell down. DOP device operated stably, and the spot supply was sufficient. The DOP market price fell. The market of plasticizer industry declined. DOP market quotation was 6800-7200 yuan / ton. The turnover of plasticizer in the market decreased, and the downstream market was poor. Affected by bad luck, the domestic market price of phthalic anhydride declined.

Generally speaking, under the background of severe epidemic situation, it is very difficult for fuel demand to fundamentally improve. Although the United States and Europe have recently introduced economic stimulus policies, most of them are monetary policies. Due to the particularity of the epidemic situation, it is difficult to solve the problem from the perspective of increasing money supply. At present, the rebalancing of market supply and demand is mainly due to the efforts of oil producing countries to limit production. Crude oil prices mainly fluctuate, but there are also downside risks. Domestic petrochemical products prices are affected by certain negative effects.

In the future, the domestic o-benzene price trend is mainly volatile, but the transaction price of plasticizer is general, the plasticizer price has a downward trend, and the downward pressure of DOP market is still there. It is expected that the market price of phthalic anhydride will decrease slightly in August.

1、 Price trend

According to the monitoring of the bulk data of the business agency, the market of chloroform in Shandong was stable and weak in July. At the beginning of the month, the average price of chloroform in Shandong remained at about 2000 yuan / ton. Near the end of the month, the average price of chloroform dropped to 1900 yuan / ton, a decrease of 5% compared with the beginning of the month.

Production capacity and operation of the enterprise

Jinling, Shandong: 440000 tons / year, 80%

Dongying Jinmao 120000 tons / year parking

400000 tons / year

Jiangsu Liwen 160000 tons / year normal

Jiangxi Liwen: 120000 tons / year: 50%

The overall chloroform market in this month is mainly horizontal arrangement. The production start-up of enterprises is limited, and the inventory pressure is not high. Due to the high price of liquid chlorine of raw materials, the production cost of enterprises is high. However, the demand of downstream market is not good, and the price of chloroform continues to be stable. Near the end of the month, with the gradual recovery of enterprise production, the price of chloroform continues to decline. At present, the price quoted by Shandong is about 1900-1950 yuan / ton, Jiangxi Liwen is about 2300 yuan / ton, and Jiangsu is about 2650 yuan / ton.

In terms of upstream market, methanol market fluctuated downward, maintenance enterprises in Northwest China gradually recovered, enterprises and port inventory increased, spot price of methanol continued to decline, at present, about 1622 yuan / ton; liquid chlorine market was high, regional differences in enterprise start-up were large, regional market was affected by enterprise start-up, the current average price was about 700-900 yuan / ton.

On the other hand, the terminal demand of after-sales market of R22 downstream of trichloromethane is in general, the export is not good, and the domestic after-sales market has not improved significantly. Due to internal and external troubles, R22 manufacturers are under pressure to ship, and the market start-up is not high, at present, about 15000-16000 yuan / ton; pharmaceutical and agricultural diluents and other industries mainly purchase rigid demand, and support the chloroform market is flat.

Analysts of CH4 chloride data from business society believe that the current spot supply of chloroform market is increasing with the operating rate of enterprises, while the downstream refrigerant market is approaching the off-season, and the market demand will further decline. Under the high production cost of enterprises, it is expected that the chloroform market will remain weak and stable in a short time.

According to the data monitored by the business agency, today’s market comprehensive price is 13600.00 yuan / ton, and the domestic PC market is running in a weak position, and the price has decreased slightly, down 0.73% compared with the same period last week, down to 100 yuan / ton.

The focus of the domestic PC market is low, the downstream demand is insufficient, the upstream lacks good support, the wait-and-see atmosphere is strong, the negotiation atmosphere is cold, the center of gravity in South China moves down, and the negotiation is cautious. At present, the market price in East China is 12700-14500 yuan / ton, and the middle and high-end price is 14200-16000 yuan / ton. The latest price of the enterprise, Luxi Chemical 12900 yuan / ton, Lihua yiweiyuan 13500 yuan / ton, Shanghai Kesi 14400 yuan / ton, slow delivery.

The upstream market price of bisphenol continued to decline, with poor trading atmosphere and cold negotiation atmosphere. The reference price in East China market was around 9100 yuan / ton.

On July 27, the rubber and plastic index was 610 points, down 1 point compared with yesterday, 42.45% lower than 1060 (2012-03-14), and 15.53% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

PC analysts of business agency believe: it is expected that the PC market will be stable and weak in the short term, and the decline is likely to continue. (the above prices are provided by major PC manufacturers all over the country and analyzed by business PC analysts for reference only. Please contact relevant manufacturers for more price details.)

In the second half of July, the polyethylene market did not rise and opened a downward channel. LLDPE, LDPE and HDPE in East China all showed different degrees of decline. According to the data monitoring of the business agency, the decline range of the three major PE varieties ranged from 50 to 450 yuan / ton, of which the decline of LDPE in East China was the most prominent, with a decrease of 3.18% during the period (7.16-27).

Average price range of regional varieties and specifications on July 16 and July 27

East China LLDPE 7042 7416.67 yuan / ton 7216.67 yuan / ton – 2.70%

LDPE 2426h 9037.50 yuan / ton ￥ 8750.00 yuan / ton – 3.18% in East China

HDPE 5000S 8300.00 yuan / ton ￥ 8100.00 yuan / ton – 2.41% in East China

In the second half of July, the PE market mainly fell. With the restart of Zhongtian and Zhongsha devices, the operating rate rose, and the market supply increased compared with the previous period. At this time, the downstream was in the off-season. Under the influence of social and public health events, the factory operating rate was low, the demand was general, and the enthusiasm of entering the market was not high. Liansu futures has an obvious downward trend, which affects the mentality of the spot market. Manufacturers have lowered the factory price, polyethylene trend is weak. Business mentality is general, follow the decline mainly.

In terms of supply, the supply pressure increased during the week (7.17-24), the average operating rate of PE enterprises increased by more than 3%, the output increased by 14000 tons, and the maintenance volume decreased by 21200 tons. In terms of demand, the downstream agricultural film operation rose by 0.3% month on month, and the operating rate this week was 18.1%, while the packaging film operation decreased slightly, ranging from 0.1% to 67.1%.

In terms of futures, the price of plastic futures rebounded due to the supply pressure of the spot market and the impact of macro sentiment. The main plastic contract rose 0.21% on Monday (July 20), and then showed a downward trend for four consecutive days. As of the end of Friday (July 24), the price of plastic futures fell 145 within the week.

At present, the weakness of futures has affected the mentality of the spot market, and the maintenance of petrochemical plants’ devices has gradually recovered. Recently, the market supply pressure has increased, the downstream demand is general, and the import volume is low. In the short term, the market is still expected to fall.

This week (7.20-24), the trend of domestic liquid ammonia market was divided, and the price of some regions went down by a large margin. For example, the price of Shandong, the main production area, dropped sharply, and Hebei followed the Shandong market. According to the monitoring of the business agency, in Shandong area, the drop rate of liquid ammonia is about 300 yuan / ton, and the mainstream market quotation is 2500-2700 yuan / ton. According to business agency monitoring, the decline in Shandong was – 5.23%

Specifically:

The price of liquid ammonia in Shandong Province dropped sharply this week, and some large factories reduced their quotation of 300 yuan / T this week. The main reason is that the temporary overhaul of the 800000 ton urea plant of the plant led to a large number of liquid ammonia shipment. Affected by the rising inventory pressure, the liquid ammonia in Shandong gradually accumulated, and the supply continued to increase, leading to a certain supply pressure for enterprises. In addition, the downstream rigid procurement is the main, and the seasonal off-season support for the market is insufficient, and the superimposed impact on the price is obviously lower.

In other regions, the trend of differentiation, regional reasons, Hebei region followed the Shandong market, the price of Shandong region went down, and Hebei market followed. The range is about 200 yuan / ton. Large factories are shipping normally. A small amount of Cangzhou units are currently being shipped. The liquid ammonia volume in the region maintains a basic balance between supply and demand. As of the end of the week, the quoted price is 2650-2800 yuan / ton. In Northeast China, the downstream purchasing strength is fair. Due to the maintenance of some large plants, the amount of ammonia in the region is reduced, and the price is relatively firm. Therefore, the price difference between Shandong and Hebei is about 200 yuan, and the current price is 2800-3000 yuan / ton.

In the future, the business agency believes that the trend of liquid ammonia market is divided this week, and the decline in Shandong is obvious, but most manufacturers have stabilized their prices on Friday. Prices have also bottomed out. It is expected that with the resumption of production of some urea plants in the market next week, the ammonia quantity in Shandong can be effectively controlled, and the price may stabilize and rebound. Other regions, such as Hebei, are also expected to rise. Affected by the balance of supply and demand, the price of liquid ammonia in Northeast and Northwest China is likely to maintain stability.