The Ammonium Nitrate Commodity Index of May 19 was 103.51, an increase of 0.88 points over yesterday, a decrease of 12.59% from the highest point in the cycle of 118.42 (2019-01-15) and a 77.37 increase from the lowest 33.79% point of October 31, 2016.

(Note: cycle refers to 2013-02-01 to date). Recently, domestic ammonium nitrate market price trend is stable, affected by environmental control, domestic ammonium nitrate plant shutdown more, domestic ammonium nitrate device driving less, but recently with the warmer weather, the northern gas limit effect disappeared, coupled with the domestic downstream civil explosion industry all shut down, domestic ammonium nitrate manufacturers inventory more, the price trend in the field decline.

As of 20th domestic ammonium nitrate market price negotiations in 1900-2050 yuan/ton, affected by environmental protection, so now many areas of manufacturers are forced to production restrictions or cut off maintenance for environmental inspection, the field ammonium nitrate price trend temporarily stable. Recent domestic nitric acid price trend temporarily stable, as of 20th market price of 1633.33 yuan/ton, nitric acid price trend rise for ammonium nitrate market to bring a certain positive impact, ammonium nitrate price trend stability; Upstream raw material liquid ammonia price trend is stable, as of 20th liquid ammonia market price of 3453.33 yuan/ton, Upstream raw material price trend shock for ammonium nitrate market to bring a certain cost support, ammonium nitrate price trend is stable. Recently downstream civil explosion industry peak season, for the ammonium nitrate market demand weakened, ammonium nitrate manufacturers inventory increased, but the liquid ammonia market is also rising trend, ammonium nitrate market due to bad market low shock. Business Society ammonium nitrate analysts believe that the recent upstream raw material market price to maintain a shock, but downstream demand is not good, expected late ammonium nitrate market price or maintain low shock.

Price Trend

According to data from business associations, acrylic acid market remained stable this week, with an offer price of 8166.67 yuan/ton at the beginning of the week and 8166.67 yuan/ton at the end of the week, up or down by 0%.

II. Market Analysis

Product: Acrylic acid market price is in the bottoming stage this week. Spot prices remain stable for the time being. Terminal purchasing has been restored. Source sales are general. At present, the mainstream price in the primary market of propionic acid ranges from 7800 to 8300 yuan/ton, and there is limited room for negotiation. As of Friday, the price of acrylic acid at Wanzhou Petrochemical Company was stable. Propionic acid 8300 yuan/ton, stable price, factual; Qilu Kaitai acrylic acid price slightly reduced. The price of acrylic acid in Wanhua Chemical Petrochemical Company has remained stable, and the main contract for supply and customers have been stabilized. At present, the price of acrylic acid is 8,100 yuan per ton.

Industry chain: Recently, the domestic propylene (Shandong) price has been rising continuously, but the range is small. At present, the main market turnover is about 6950-7150 yuan/ton. This week I heard that the maintenance plan of a dehydrogenation plant in North China and Shandong Province has been postponed, so the supply of the dehydrogenation plant is abundant.

3. Future Market Forecast

Acrylic acid analysts believe that the domestic acrylic market is temporarily stable, raw materials are rising and falling, production capacity is gradually restored, terminal demand is general, prices remain stable, the acrylic acid market is expected to shift in the short term, trading price fluctuations between small areas.

On May 15, the phthalic anhydride commodity index was 61.31, down 0.33 points from yesterday, down 48.96% from the cyclical peak of 120.13 points (2012-02-28), and up 26.62% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

In recent years, domestic phthalic anhydride market price trend has been temporarily stable, the phthalic anhydride market in eastern China maintained weak, downstream factories maintained just-in-demand purchasing, factory inventory pressure continued, high-end transactions were blocked, the mainstream of on-site neighbouring source negotiation was 6300-6400 yuan/ton, and the mainstream of naphthalene source negotiation was 6100 yuan/ton; the mainstream quotation of phthalic anhydride market in North China was 6300-6400 yuan/ton, with the main market shocks. The quotation trend of enterprises is slightly declining, downstream construction is not high, purchase on demand is the main, wait-and-see mentality is strong, the domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride is normal, the market is not good, the price trend of phthalic anhydride is negative.

Recently, the executive price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, is 6400 yuan/ton. The actual transaction price in the market is 6400 yuan/ton. The quotation is declining, and the port market is general. The upstream raw material mixed xylene price fluctuation maintains stable, the turnover of phthalic acid is general, the port phthalic acid inventory is low, the quotation of phthalic acid external market is temporarily stable, the import phthalic acid cost fluctuation, the actual transaction price is discussed in detail, the upstream price trend declines, and the phthalic anhydride market price maintains weak. DOP downstream price is lower, DOP downstream demand is general, customer procurement enthusiasm is not good, DOP mainstream transaction price is about 7900 yuan/ton, DOP downstream price is still under pressure, downstream price is slightly lower, demand for upstream phthalic anhydride is limited, phthalic anhydride market price is slightly lower, it is expected that the later market price of phthalic anhydride will be around 6200 yuan/ton.

On May 14, the phthalic anhydride commodity index was 61.31, down 0.33 points from yesterday, down 48.96% from the peak of 120.13 points in the cycle (2012-02-28), and up 26.62% from the low of 48.42 points on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

In recent years, domestic phthalic anhydride market price trend has been temporarily stable, the phthalic anhydride market in eastern China maintained weak, downstream factories maintained just-in-demand purchasing, factory inventory pressure continued, high-end transactions were blocked, the mainstream of on-site neighbouring source negotiation was 6300-6400 yuan/ton, and the mainstream of naphthalene source negotiation was 6100 yuan/ton; the mainstream quotation of phthalic anhydride market in North China was 6300-6400 yuan/ton, with the main market shocks. The quotation trend of enterprises is slightly declining, downstream construction is not high, purchase on demand is the main, wait-and-see mentality is strong, the domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride is normal, the market is not good, the price trend of phthalic anhydride is negative.

Recently, the executive price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, is 6400 yuan/ton. The actual transaction price in the market is 6400 yuan/ton. The quotation is declining, and the port market is general. The upstream raw material mixed xylene price fluctuation maintains stable, the turnover of phthalic acid is general, the port phthalic acid inventory is low, the quotation of phthalic acid external market is temporarily stable, the import phthalic acid cost fluctuation, the actual transaction price is discussed in detail, the upstream price trend declines, and the phthalic anhydride market price maintains weak. DOP downstream price is lower, DOP downstream demand is general, customer procurement enthusiasm is not good, DOP mainstream transaction price is about 7900 yuan/ton, DOP downstream price is still under pressure, downstream price is slightly lower, demand for upstream phthalic anhydride is limited, phthalic anhydride market price is slightly lower, it is expected that the later market price of phthalic anhydride will be around 6200 yuan/ton

On May 13, the phthalic anhydride commodity index was 61.64, down 0.48 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 of phthalic anhydride has been slightly lower, the market of phthalic anhydride and phthalic anhydride in eastern China has been weaker, downstream factories have just needed to purchase, factory inventory pressure continues, high-end transactions are blocked, the mainstream of on-site neighbouring source negotiations is 6300-6400 yuan/ton, and the mainstream of naphthalene source negotiations is 6100 yuan/ton; the mainstream quotation of phthalic anhydride market in North China is 6300-6400 yuan/ton, and the market weakness is shocke The price of phthalic anhydride in China is stable, the spot supply of phthalic anhydride is normal, the market is not good, and the price of phthalic anhydride is declining.

Recently, the executive price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, is 6400 yuan/ton. The actual transaction price in the market is 6400 yuan/ton. The quotation is declining, and the port market is general. The upstream raw material mixed xylene price fluctuation maintains stable, the turnover of phthalic acid is general, the port phthalic acid inventory is low, the quotation of phthalic acid external market is temporarily stable, the import phthalic acid cost fluctuation, the actual transaction price is discussed in detail, the upstream price trend declines, and the phthalic anhydride market price maintains weak. DOP downstream price is lower, DOP downstream demand is general, customer procurement enthusiasm is not good, DOP mainstream transaction price is about 7900 yuan/ton, DOP downstream price is still under pressure, downstream price is slightly lower, demand for upstream phthalic anhydride is limited, phthalic anhydride market price is slightly lower, it is expected that the later market price of phthalic anhydride will be around 6200 yuan/ton.