On June 24, the PX Commodity Index was 58.40, unchanged from yesterday, down 42.97% from its peak of 102.40 points in the cycle (2013-02-28), and up 28.21% 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 24th. 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 put into operation, and other units operated steadily temporarily. Due to the normal supply of p-xylene in the domestic market when the new unit was put into operation, p-bis The price trend of toluene market is stable for the time being. The opening rate of PX plant in Asia is about 80%. On June 21, the closing price of p-xylene in Asia increased by 11.5 US dollars/ton. The closing price is 806.5-808.5 US dollars/ton FOB in Korea and 825.5-827.5 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The rising price of foreign units has a certain positive impact on the domestic market price of p-xylene. The price trend of p-xylene in Asia is temporarily stable. 

On June 21, the price of WTI crude oil in August rose to 57.43 U.S. dollars per barrel, an increase of 0.36 U.S. dollars. Brent crude oil in August rose to 65.20 U.S. dollars per barrel, an increase of 0.75 U.S. dollars. Crude oil price trend rose, which has a cost supporting role for the price of downstream petrochemical products, while the price trend of paraxylene market is temporarily stable. Recently, the textile industry has been stabilizing, PTA price has been stabilizing for 24 days. The average offer price in East China is raised near 6000-6100 yuan/ton. As of the 21st day, the domestic PTA start-up rate is about 93.5%, the polyester industry start-up rate is about 88.9%, and the downstream production and sales rate remains high. However, PTA market price shocks, and PX market price is expected to be low in the later period.

Price trends:

According to statistics, the domestic ammonium nitrate ex-factory price trend is temporarily stable this week. The average weekend price is 1966.67 yuan/ton, which is temporarily stable compared with the early weekend price of 1966.67 yuan/ton, down 2.45% from the same period last year.

II. Market analysis:

Products: This week, the domestic ammonium nitrate market price trend is temporarily stable. Affected by environmental protection control, domestic ammonium nitrate plant start-up is limited and domestic ammonium nitrate plant start-up is less. However, due to more shutdown of domestic downstream civil explosion industry, domestic ammonium nitrate manufacturers start-up is limited, and the price trend in the field remains weak. By the end of the weekend, the domestic ammonium nitrate market price negotiation was 1850-2050 yuan/ton. Affected by environmental protection and the cancellation of gas restriction, manufacturers in many areas are now forced to limit production or stop production for maintenance to accept environmental protection inspection. The demand for ammonium nitrate in the downstream has decreased, but the prices of the upstream raw material nitric acid and liquid ammonia Market are declining, and the price trend of ammonium nitrate Market is temporarily stable affected by raw material prices.

Industry chain: This week’s domestic nitric acid price trend is temporarily stable, the market price is 1783.33 yuan/ton by the end of the weekend, and this week’s price trend is stable; the upstream raw material liquid ammonia price trend is slightly higher, the market price of liquid ammonia by the end of the weekend is 3303.33 yuan/ton, this week’s price is slightly higher, the upstream raw material price trend is rising for ammonium nitrate Market to play a positive role, and the market price of ammonium nitrate is temporarily stable. Recently, the downstream civil explosion industry is in the off-season. The demand for ammonium nitrate Market is weakening, the inventory of ammonium nitrate manufacturers is increasing, the market of nitric acid is not good, and the price of nitric acid market remains low.

Industry: In recent years, ammonium nitrate Market in general, downstream civil explosion industry fully parked, but the upstream raw material market prices rose slightly, ammonium nitrate market price trend is stable.

3. Future market forecast:

Ammonium nitrate analysts believe that the recent upstream raw material nitric acid market prices rose slightly, but the downstream demand is poor, ammonium nitrate market prices are expected to maintain low volatility in the later period.

On June 19, the hydrofluoric acid commodity index was 108.35, up 0.46 points from yesterday, down 22.84% from the peak of 140.43 points in the cycle (2018-02-21), and up 102.18% from the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the domestic hydrofluoric acid market price trend was temporarily stable on the 20th. Up to now, the domestic hydrofluoric acid market price was 1,1940 yuan/ton, and the domestic hydrofluoric acid start-up rate was less than 60%. Rise. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 11500-12000 yuan/ton, while the price of hydrofluoric acid in the northern market is 11500-12500 yuan/ton. Domestic hydrofluoric acid market prices increased, spot supply decreased slightly, but demand did not change very much, the price trend of hydrofluoric acid Market rose.

Recent downstream refrigerant products start 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 shocks. Recent downstream refrigerant market transactions have improved, R22 refrigerant plant surface started at 60%, R22 market device start-up rate is temporarily stable, the main production enterprise bulk water factory offer price is between 18,000-19,000 yuan/ton, but the production enterprise does not have bulk water spot, mainly a small number of cylinders shipment. In addition, the actual demand side of the market has not changed much, and the delivery market has increased. The domestic market price trend of R134a is not good, the start-up rate of production enterprises remains low, the refrigerant market demand is general, and the manufacturers mainly export their products. However, the on-site transaction price has not changed much. Businessmen purchase on demand. Recently, due to the shortage of supply, the price trend of hydrofluoric acid market has risen.

Refrigerant on-site transactions are general, refrigerant industry equipment start-up rate remains low, for upstream hydrofluoric acid market demand is normal, but the spot supply of hydrofluoric acid is tight, Business Analyst Chen Ling believes that the hydrofluoric acid market may continue to rise.

On June 19, the ammonium nitrate commodity index was 103.51, which was the same as yesterday. It was 12.59% lower than the peak of 118.42 points in the cycle (2019-01-15), and 33.79% higher than the lowest point of 77.37 points on October 31, 2016. (Note: Period refers to 2013-02-01 to date).

Recently, the price trend of domestic ammonium nitrate Market is temporarily stable. Affected by environmental protection control, domestic ammonium nitrate plant shuts down more, domestic ammonium nitrate plant starts less, but with the warming of the weather recently, the influence of northern air limitation disappears. In addition, due to the complete shutdown of domestic downstream civil explosion industry, domestic ammonium nitrate manufacturers have more stockpiles, and the price trend in the field declines. As of the 19th, domestic ammonium nitrate market price negotiations in 1900-2050 yuan/ton, affected by environmental protection, so now many manufacturers in many areas are forced to limit production or stop production and maintenance for environmental protection inspection, the price trend of ammonium nitrate on the site is temporarily stable.

Recently, the domestic nitric acid price trend is temporarily stable, up to 19 days, the market price is 1760 yuan/ton. The rising trend of nitric acid price has a positive impact on the ammonium nitrate market, and the price trend of ammonium nitrate is stable. The price trend of upstream raw material liquid ammonia has slightly declined. As of 19 days, the price quoted by manufacturers in the northern region has maintained in the range of 3000-3400 yuan/ton, while that in the northwest region is around 290-3000 yuan/ton. The declining price trend of cruise raw materials has a negative impact on the ammonium nitrate market, and the price trend of ammonium nitrate Market is temporarily stable. At the end of the peak season of the downstream civil explosion industry recently, the demand for ammonium nitrate has weakened and the stocks of ammonium nitrate manufacturers have increased, but the liquid ammonia market is on the rise again. The ammonium nitrate Market is shaking at a low level because of the bad market. Ammonium nitrate analysts believe that the recent upstream raw material market price shocks, but the downstream demand is not good, ammonium nitrate market prices are expected to remain low in the latter part of the shocks.

On June 18, the PX commodity index was 58.40, unchanged from yesterday, down 42.97% from its peak of 102.40 points in the cycle (2013-02-28), and up 28.21% 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 18th. 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 put into operation, and other units operated steadily temporarily. Due to the normal supply of p-xylene in the domestic market when the new unit was put into operation, p-bis The price trend of toluene market is stable for the time being. The opening rate of PX plant in Asia is about 80%. On June 17, the closing price of p-xylene in Asia dropped by 13 US dollars/ton. The closing price is 786-788 US dollars/ton FOB in Korea and 805-807 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The decline of foreign prices has a negative impact on the domestic market price of p-xylene, and the price trend of p-xylene in the market is temporary stable.

On June 17, the futures market of WTI crude oil in July fell to 51.93 U.S. dollars per barrel, a decline of 0.58 U.S. dollars, and Brent crude oil in August fell to 60.94 U.S. dollars per barrel, a decline of 1.07 U.S. dollars. Crude oil prices declined, losing some cost support for the price of downstream petrochemical products, while the price of paraxylene market stabilized temporarily. Recently, the textile industry has stabilized temporarily, PTA price has increased slightly on the 18th. The average price of East China is raised near 5650-5800 yuan/ton. As of the 17th day, the domestic PTA start-up rate is about 88%, the polyester industry start-up rate is about 88%, and the downstream production and sales rate remains high. However, PTA market price shocks, and the price of PX market is expected to be low in the later period.