As of January 16, Butadiene FOB Rotterdam spot 878-882 US dollars/ton; Butadiene FD Northwest Europe spot 843-847 Euro/ton.

As of January 16, the closing price of butadiene FOB was US$1169-1171 per ton in Korea and US$1229-1231 per ton in CFR of butadiene in China.

On January 10, the PX commodity index was 64.80, which was the same as yesterday. It was 36.72% lower than the peak of 102.40 points in the cycle (2013-02-28), and 42.26% higher than the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

Recently, the domestic market price trend of p-xylene has been temporarily stable. Pengzhou Petrochemical Unit has been running steadily. Urumqi Petrochemical Unit has started 50% of its operation. Fuhaichuang Aromatic Hydrocarbon Unit has been in shutdown. Other units have been running steadily for the time being. The domestic market supply of p-xylene is normal. The market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is less than 70%. The closing price of PX plant in Asia increased by 16 US dollars per ton on January 10. The closing price was US$1038-1040 per ton FOB in Korea and US$1058-1060 per ton CFR in China. More than 50% of PX plant in China need to be imported. The rise of foreign price has a positive impact on domestic market price of paraxylene, and the intra-site price maintained 8,100 yuan per ton.

On January 10, the price of WTI crude oil in February rose to 52.59 U.S. dollars per barrel, an increase of 0.23 U.S. dollars. Brent crude oil in March rose to 61.68 U.S. dollars per barrel, an increase of 0.24 U.S. dollars. Crude oil closing price rose slightly, which supported the price of downstream petrochemical products. The price trend of paraxylene market was temporarily stable. Recent textile industry prices have risen, downstream PTA market prices have risen slightly, PTA prices have recently risen slightly. The average offer price in East China is raised near 6400-6600 yuan/ton. As of the 10th day, domestic PTA start-up rate is about 77%, polyester industry start-up rate is about 82%. In addition, the market price of upstream production and marketing is generally lower, PTA market price is expected to rise slightly in the later period.

First, the price trend

The propane market price has been continuously lowered this week. At the beginning of the week, the average price of propane market was 5,629.89 yuan / ton, the average price of weekends was 5,494.44 yuan / ton, the weekly decline was 2.34%, and the price was 12.63% higher than the same period of last year.

Second, the analysis of influencing factors

Product: The domestic propane market price continued to decrease this week. The overall trading atmosphere was weak. As of October 19, Shandong Dongming Petrochemical propane is not quoted, Shandong Zhonghai Fine Chemical Co., Ltd. propane is not quoted. The ex-factory price of propane in the supply and marketing company of Tianjin Bohai Chemical Group is 5,850 yuan/ton, the ex-factory price of propane in Shandong Haiyou Petrochemical Group is 5,550 yuan/ton, and the ex-factory price of propane in Shandong Huifeng Petrochemical is 5,600 yuan/ton. Propane of Shandong Hengyuan Petrochemical Co., Ltd. The ex-factory price is 5,550 yuan / ton, Shandong Binzhou Dayou Group propane ex-factory price is 5,550 yuan / ton. The ex-factory price of propane of Sinopec Qingdao Refining & Chemical Co., Ltd. is 5,500 yuan / ton.

Industry chain: The price of domestic LPG market was weaker this week. At the beginning of the week, the average price of domestic LPG market was 5,000 yuan/ton, and the average weekend price was 4,860.62 yuan/ton. The weekly decline was 2.69%, and the price increased by 9.85% compared with the same period of last year. This week, the domestic propylene market first stabilized and fell. At the beginning of the week, the average domestic propylene market price was 10,192 yuan/ton, and the average weekend price was 9,873 yuan/ton. The weekly decline was 3.13%, and the price rose 21.66% over the same period of last year. October Saudi CP: Propane $ 655 / ton rose 55 from last month; butane 655 / ton rose 20 from last month. The spot is equivalent to the cost of propane 5219, butane 5217.

This week, the domestic propane market was exhausted and continued to decline. The liquefied gas market has fallen sharply, driving the propane market to follow suit. The increase in the amount of imported resources has led to ample domestic supply, and the downstream is dominated by a wait-and-see attitude. International crude oil and international current position both fell, the enthusiasm for downstream purchases was not high, and the market mentality continued to be sluggish. With the decline in prices, the low-cost volume has slightly improved, and the downstream just needs to replenish. However, the overall atmosphere of the market is still not ideal, and manufacturers’ inventory and sales pressures are still there.

Industry: According to the price monitoring of business companies, in the 42nd week of 2018 (10.15-10.19), the commodity prices rose by 25 in the chemical sector, and the top 3 commodities were acrylic acid (4.61%) and sulfuric acid ( 3.83%), phthalic anhydride (East China) (3.49%). There were 24 kinds of commodities with a decrease in the chain, and 3 products with a drop of more than 5%, accounting for 4.2% of the monitored products in the sector; the top 3 products were acetone (-6.63%) and polysilicon (-5.56%). , styrene (-5.35%). This week’s average price increase was -0.18%.

Third, the market outlook

Propane analysts of the business community believe that: the current refinery shipments of poor stocks rose to a high level, coupled with the weak operation of international crude oil, bad market mentality. As the end of the month approached, CP’s expected downward revision in November also had some constraints on the market. However, the cost of imports is still high, and there is not much room for manufacturers to fall. It is expected that the market will stop falling and stabilize.