On August 25, the ammonium nitrate commodity index was 103.51, which was the same as yesterday. It was 12.59% lower than the cyclical peak of 118.42 points (2019-01-15), and 33.79% higher than the lowest point of 77.37 on October 31, 2016. (Note: Period refers to 2013-02-01 to date).

Domestic ammonium nitrate market prices slipped slightly on the 26th. Domestic ammonium nitrate plants are running smoothly and are in the off-season of downstream demand. Ammonium nitrate manufacturers have a general delivery market and purchase on demand downstream. In addition, affected by environmental protection control, the downstream civil explosion industry in China has been shut down a lot. Domestic ammonium nitrate manufacturers have limited start-up and low on-site prices. The amplitude declined. By the end of the weekend, the mainstream in Shaanxi was 190-2000 yuan/ton, in Shandong was 190-2000 yuan/ton, and in Hebei was 1850-1950 yuan/ton. Affected by environmental protection, some downstream factories were forced to limit production or stop production for maintenance and accept environmental protection inspection. The demand for ammonium nitrate was at a low level, and the market price of ammonium nitrate was small. The amplitude declined.

Recently, the domestic nitric acid price has maintained a low trend, with the market price of 1610 yuan/ton as of the 26th. The domestic nitric acid market price has maintained a low level, which has a negative impact on the ammonium nitrate market. Jiangsu mainstream manufacturers quoted 1600 yuan/ton, Anhui mainstream manufacturers quoted 1620 yuan/ton, Shandong manufacturers quoted 1620 yuan/ton, the low price trend of nitric acid has a negative impact on the ammonium nitrate market, the price trend of ammonium nitrate slightly declined; upstream domestic liquid ammonia Market volatility, the market performance is general, The market turnover is still acceptable. The market price of liquid ammonia is 3210 yuan/ton. The upstream cost of liquid ammonia is lower. In addition, most of the manufacturers’inventory pressure has increased compared with the previous period. Some plants have been restarted and local ammonia supply in the region has increased. Especially in Shanxi and North China, most of the manufacturers have sufficient supply of ammonia, while the manufacturers in North China have sufficient supply of ammonia. The price is maintained in the range of 2900-3400 yuan/ton and 2500-2600 yuan/ton in Northwest China. The low level of liquid ammonia has a negative impact on the downstream ammonium nitrate market. At the end of the peak season of the downstream civil explosion industry recently, the demand for ammonium nitrate has weakened and the inventory of ammonium nitrate manufacturers has increased. However, the price trend of liquid ammonia market is temporarily stable, and the market of ammonium nitrate is shaking at a low level due to the bad market. Ammonium nitrate analysts believe that the recent upstream raw material market prices remain volatile, but the downstream demand is not good, ammonium nitrate market prices are expected to remain low in the later period.

Price Trend

Business associations: MTBE market prices rose this week (August 18-August 24)

According to data from business associations, MTBE’s price this weekend was 5,750 yuan/ton, up 2.99% from the previous week’s price.

II. Market Analysis

Products: This week, domestic MTBE market prices continue to climb, international crude oil prices surge upward, gasoline market prices remain stable as a whole, and as of August 23, the latest crude oil change rate is 1.45%, refined oil is expected to increase by 100 yuan/ton, expected to boost MTBE market prices.

Industry chain: International crude oil prices rose first and then fell this week. WTI and Brent crude oil prices rose slightly by 1.62% and 2.90% this week. Domestic gasoline prices were 6,694 yuan/ton, down 0.88% this week.

In MTBE market, with the increase of crude oil price at the beginning of the week and the anticipated increase of domestic refined oil, as well as the new round of raw material purchasing cycle of georefining, the buying and selling atmosphere of MTBE market has improved, which has pushed up the market price of MTBE. However, the operation of oil dispatchers in the Southern Market is still very negative, and the market mainly operates in a light and stable way. At the same time, this week Southern Alkylated Oil due to Sinopec’s large orders, East China, South China market performance is positive, the market price performance is relatively strong.

3. Future Market Forecast

Analysts of MTBE products of Business Society Energy Branch believe that there is a high probability that international oil prices will continue to oscillate next week. Domestic gasoline market also has “gold, silver and ten” demand support. MTBE market prices are expected to rise steadily next week.

Price Trend

According to the monitoring data of business associations, the quotation of domestic n-propanol distributors fell slightly this week. According to the quotation of domestic n-propanol distributors in Shandong and other mainstream areas, as of August 22, the price of domestic n-propanol distributors with packaging was around 10,933 yuan/ton, which was 67 yuan lower than the average price on August 14, down-0.61%.

II. Market Analysis

Product: Beginning this week (August 19), the domestic n-propanol market quotation began to decline slightly. The price quoted by the n-propanol distributor in Zibo, Shandong Province, was around 10,600 yuan/ton (including tax and packaging), down 200 yuan/ton from the previous week. Taiwan’s importers of n-propanol (including packaging) quoted prices near 10,100-11,400 yuan per ton, down about 100 yuan per ton from the previous week. Nanjing Rongxin Chemical Co., Ltd., a domestic n-propanol manufacturer, accepts the discharging price of water purification near 8900 yuan/ton.

Industry Chain: This week, the price of propylene oxide market has risen, the price of mainstream factories has been firm, the quotation has been raised mainly, the market intention is obvious, the supply tension has eased slightly, the short-term market is mainly consolidation, the cash delivery price of Shandong mainstream market of Wanhua Chemistry is 10 850 yuan/ton on 22nd, and the cash delivery price of East China mainstream market is 11.1 yuan/ton. 50 yuan per ton, Shandong and East China market prices were raised by about 100 yuan per ton compared with last week.

3. Future Market Forecast

In the short term, the price of n-propanol market fluctuates slightly. Affected by the environment and other factors, the price of n-propanol may be slightly loosened again.

I. Lithium hydroxide price trend:

According to the data from the business associations’list, as of August 20, the price of lithium hydroxide has been lowered. At present, the mainstream price of domestic industrial lithium hydroxide is about 66000-78000 yuan/ton, which is 1.30% lower than last Tuesday (August 13) and 4.00% lower than July 20.

II. Market analysis:

Products: Lithium hydroxide market price down. The output of the manufacturer is gradually increasing, but the terminal demand is weak, the enthusiasm for stock-up is not high, and the atmosphere of market wait-and-see is strong. At present, Shanghai Yulun industrial grade lithium hydroxide is quoted as 78,000 yuan/ton, Zigong Tongfarong industrial grade lithium hydroxide is quoted as 74,000 yuan/ton, Shanghai Oujin industrial grade lithium hydroxide is quoted as 76,000 yuan/ton, Shanghai Chen lithium new material industrial grade lithium hydroxide is quoted as 74,000 yuan/ton, and Aiheng lithium hydroxide is quoted as 74,000 yuan/ton.（ Shanghai) Intelligent technology industrial grade lithium hydroxide is quoted at 66000 yuan/ton, the specific transaction price is a single fact.

Industry chain: Upstream lithium carbonate prices were stable until 20 days, and the market lacked strong support.

Industry: According to the price monitoring of business associations, on August 20, 2019, there were 12 kinds of commodities rising annually in the chemical sector. The top three commodities were acetic acid (2.62%), ethylene oxide (2.56%) and isopropanol (2.33%). There are 16 kinds of products with a decline of more than 5%, accounting for 2.4% of the monitored products in this sector. The products with the first three declines are epichlorohydrin (-7.43%), sulfur (-5.48%) and nitric acid (-4.92%). The average increase and decrease on the 20th day was -0.15%.

3. Future market forecast:

Lithium hydroxide analysts believe that the production capacity of lithium hydroxide has increased recently, but the terminal demand is low and the contradiction between supply and demand is still prominent. In the short term, lithium hydroxide Market is expected to be dominated by weak consolidation.

On August 20, the PX commodity index was 56.00, unchanged from yesterday, down 45.31% from its peak of 102.40 points in the cycle (2013-02-28), and up 22.94% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 20th day. Pengzhou Petrochemical Plant operated steadily, Urumqi Petrochemical Plant started 50% and Fuhai Aromatic Hydrocarbon Plant started one line. CNOOC Huizhou Refinery and Chemical Plant overhauled, Hengli Petrochemical PX Unit put into operation, and other units operated steadily temporarily due to the introduction of new units. Domestic market supply of p-xylene is normal, and market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is about 80%. The closing price of p-xylene market in Asia increased by 2 US dollars/ton on August 19. The closing price is 773-775 US dollars/ton FOB Korea and 792-794 US dollars/ton CFR China. More than 50% of domestic units need to be imported. The fluctuation of foreign prices has certain influence on the domestic market price of p-xylene. The price trend of domestic p-xylene is temporarily stable.

On Aug. 19, the price of WTI crude oil futures rose to $56.21 a barrel, an increase of $1.34. Brent crude oil futures rose to $59.74 a barrel, an increase of $1.10. Statistics released by OPEC on Aug. 16 showed that OPEC cut crude oil production in July as it continued to struggle with falling oil prices. Volume and price of crude oil are rising, which has a positive impact on downstream petrochemical products and a temporary stable price trend for xylene. Recent textile industry volatility, PTA price trend is temporarily stable on the 20th day, the average price in East China is around 5300-5400 yuan/ton, the domestic PTA start-up rate is about 90% by the 19th day, the polyester industry start-up rate is about 88%, the downstream production and marketing rate has not changed much, the overall supply of PTA equipment maintenance will be reduced in the next two weeks, and polyester. Under the influence of factory resumption, negative sentiment was released, PTA rebounded, and the cost side supported the price of polyester. At the same time, polyester mills have recently taken the initiative to reduce prices and promote sales. Inventory pressure has been greatly reduced after the volume release. As the traditional sales season of textiles is approaching, “Gold, Nine, Silver and Ten”, downstream terminal enterprises may usher in a procurement cycle and demand side will improve. It is expected that the price of PX Market will remain volatile in the short term.