Price Trend

On July 28, the TDI commodity index was 72.66, unchanged from yesterday, down 70.70% from the cycle peak of 248.02 points (2016-10-19), and up 20.76% from the lowest point of 60.17 on February 22, 2016. (Note: Period refers to 2011-09-01 to date).

II. Market Analysis

Product: According to statistics, TDI price trend in East China market is rising. TDI price in East China market rose 2.43% on 29th to 14066.67 yuan/ton. The market of TDI in East China has been shaken and tidied up. There is a strong atmosphere of on-site wait-and-see. All parties pay close attention to the status of factories. At present, the quotation of domestic goods with tickets is 13600-13700 yuan/ton, and that of Shanghai goods with tickets is 13700-13800 yuan/ton.

Industry chain: Upstream toluene, compared with the previous trading day, Sinopec’s enterprises today’s toluene listing price unchanged. Shandong Geotechnical Refining Enterprises have a stable listing price today. Traders have raised their quotations today, and the price in East China is about 5550 yuan per ton. As for nitric acid, the market demand is still acceptable and the market is stable for the time being.

Industry: Last week, the domestic TDI market fell first and then rose. The factories were flat and stable. The pressure was low. With the instability of Wanhua’s plant and the announcement of Yinguang’s maintenance plan, the mentality of the traders boosted the offer. Basf and Wanhua announced the closing price one after another. The traders watched cautiously.

III. Price Forecast

TDI business analysts believe that the short-term domestic TDI market is stable and relatively strong, focusing on factory information surface guidance.

Price Trend

According to the monitoring data of business associations, the price of domestic chlorinated paraffin market rose slightly this week. At the beginning of the week, the average price of domestic chlorinated paraffin 52 was 5033 yuan/ton, and the average price of domestic chlorinated paraffin 52 was 5066 yuan/ton at the end of the week, up by 0.66%.

II. Market Analysis

Products: At present, the price of chlorinated paraffin 52 in Northwest China is about 5100 yuan/ton, that of chlorinated paraffin 52 in South China is 4400-5000 yuan/ton, that of chlorinated paraffin 52 in North China is 3800-5500 yuan/ton, that of chlorinated paraffin 52 in East China is 4100-5400 yuan/ton, and that of chlorinated paraffin 52 in Central China is about 4900 yuan/ton. The price of 52 chlorinated paraffins in Shandong is 4200-4800 yuan/ton.

Industry chain: The upstream liquid wax market is running smoothly without obvious fluctuation in price. The volume of new orders is average. The price of liquid chlorine is still stable, and some districts sell at a reduced price, which has no effect on the overall market.

Crude Oil: The Fed’s interest rate cut expectations are still rising, and international oil prices are rising slightly, but the easing of the situation in the Middle East and the gloomy prospects for global economic growth have suppressed the increase. On Friday (July 26), WTI September 19 futures rose $0.18 a barrel at $56.20, while Brent September 19 futures rose $0.07 at $63.46. China’s SC crude oil futures main contract was about 1909 yuan 442.5 yuan per barrel, up 1.1 yuan.

3. Future Market Forecast

Chlorinated paraffin analysts at business associations believe that prices in the upstream market are stable and trading is insufficient. The current chlorinated paraffin Market as a whole is flat, downstream demand is sluggish, the market has a wait-and-see attitude, mainly in the previous order. Although the price of chlorinated paraffin rose slightly this week, it is expected that the price of chlorinated paraffin will remain weak in the later period.

On July 24, the phthalic anhydride commodity index was 56.93, unchanged from yesterday, down 52.61% from the cyclical peak of 120.13 points (2012-02-28), and up 17.58% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

In recent years, the domestic market price of phthalic anhydride has slightly declined, the market price of phthalic anhydride in East China has shocked, downstream factories are still in need of purchasing, factory inventory is still under pressure, high-end transactions are blocked, the mainstream of on-site neighbouring source negotiation is 5700-5800 yuan/ton, and the mainstream of naphthalene source negotiation is 5200-5400 yuan/ton. Mainstream quotation is 5 650-5 800 yuan/ton, market price keeps oscillating, quotations of enterprises are slightly lower, downstream start-up is not high, on-demand procurement is the main, wait-and-see mentality is strong, domestic phthalic anhydride plant operation is stable, phthalic anhydride spot supply is normal, phthalic anhydride prices are declining.

Recently, the domestic price of phthalic anhydride upstream product Sinopec o-phthalic acid is 5900 yuan/ton. The import price of o-phthalic anhydride in the port area has risen, and the quotation has risen. Recently, the market of o-phthalic anhydride in the port is general, and the port stock is low. Upstream raw materials mixed xylene price shocks, phthalic turnover is general, port phthalic inventory is low, phthalic external quotation is higher, import phthalic cost shocks, the actual transaction price is detailed, upstream price trend shocks, phthalic anhydride market price slightly declines. Downstream DOP raw material phthalic anhydride prices fell, isooctanol prices fell, DOP costs fell. DOP price trend is declining, DOP downstream demand is general, customer purchasing enthusiasm is general, downstream PVC market volatility is low, DOP market mainstream transaction price is about 7300 yuan/ton, downstream prices are constantly falling, the market price of phthalic anhydride is expected to decline slightly later.

On July 24, the fluorite commodity index was 110.53, unchanged from yesterday, down 13.30% from the peak of 127.49 points in the cycle (2019-01-03), and up 124.61% 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 is temporarily stable, the average domestic fluorite price is 3150 yuan/ton as of the 24th day. Recently, the domestic fluorite plant started normally, the mine and flotation plant started normally, the supply of fluorite in the field is slightly tight, and the price of hydrofluoric acid in the downstream is rising. For the fluorite market, the price trend of fluorite market is on demand. Rise. Recent downstream installation start-up situation is general, fluorite spot supply is normal, terminal downstream pick-up situation improved, resulting in rising market price trend. As of the 24th, the price of 97 fluorite wet powder in Inner Mongolia was 2900-3100 yuan/ton, the mainstream of 97 fluorite wet powder negotiations in Fujian was 3000-3300 yuan/ton, the price of 97 fluorite wet powder in Henan was 2900-3200 yuan/ton, and the price of 97 fluorite wet powder in Jiangxi was 3000-3300 yuan/ton. The price trend of fluorite remained high.

The price trend of hydrofluoric acid Market in downstream fluorite is slightly lower. As of 24 days, the domestic market price of hydrofluoric acid is 12050 yuan/ton. 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 oscillated. Recent downstream refrigerant product installations started at a low level, the upstream fluorite and hydrofluoric acid demand is general, the recent downstream refrigerant trading market is general, hydrofluoric acid product price trend is stable. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 60%, R22 market facility start-up rate is temporarily stable, the main manufacturer of bulk water out of the factory offer price is between 18,000-19,000 yuan/ton, but the manufacturer does not have bulk water spot, mainly a small number of cylinders shipped. In addition, the actual demand side of the market has not changed much, and the delivery quotation is general. Domestic market price trend of R134a shocks, production enterprises equipment start-up rate remains low, refrigerant market demand is general, manufacturers mainly export. However, the on-site transaction price does not change very much. Businessmen buy on demand. Generally speaking, the downstream industry is slightly lower. In addition, the supply of fluorite market is normal, and the fluorite price trend is temporarily stable. Chen Ling, an analyst of business associations, believes that the fluorite market price may be slightly lower.

On July 23, 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 23rd. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation. Fuhai Created Aromatic Hydrocarbon Plant started a line. CNOOC Huizhou Refinery and Chemical Plant overhauled. Hengli Petrochemical PX Plant went into operation. Other units operated steadily temporarily because of 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%. On July 22, the closing price of p-xylene in Asia dropped by 3 US dollars/ton. The closing price is 823-825 US dollars/ton FOB in Korea and 842-844 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The lower price of foreign units has a negative impact on the domestic market price of p-xylene. The price trend of p-xylene in the market is stable for the time being.

On July 22, the price of WTI crude oil futures rose to 56.22 U.S. dollars per barrel, an increase of 0.59 U.S. dollars. Brent crude oil futures rose to 63.26 U.S. dollars per barrel, an increase of 0.79 U.S. dollars. Crude oil prices rose, which has a certain cost support role for the price of downstream petrochemical products. The price trend of Brent crude oil futures is temporarily stable. 。 Recent textile industry volatility, PTA prices declined 23 days, the average price of East China is around 5900-6000 yuan/ton, the domestic PTA start-up rate is about 90%, polyester industry start-up rate is about 86%, downstream production and sales rate maintained high, but PTA market prices slightly lower, it is expected that PX market prices will be later. Maintain shock.