Stable operation of monoammonium phosphate, poor demand for diammonium phosphate (6.16-6.30)

1、 Price trend

According to the business club’s large list data, the average ex factory price of powdered monoammonium was 1866 yuan / ton on June 16, and 1866 yuan / ton on June 30.

 

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According to the business club’s large list data, the average ex factory price of 64% diammonium on June 16 was 2145 yuan / ton, and that on June 30 was 2145 yuan / ton, which was stable.

 

2、 Market analysis

 

The price of monoammonium phosphate remained stable in the second half of June. In Anhui Province, 55% powdered ammonium was quoted at 1900-1950 yuan / T, and the start-up was stable. In Hubei Province, the ex factory quotation of 55% powdered ammonium is about 1850-1950 yuan / ton, and that of 60% powdered ammonium is 2000-2100 yuan / ton. The market in Henan maintained stable operation, 55% powdered ammonium was quoted at about 1950 yuan / T, and the start-up was stable. The price of 55% powdered ammonium in Shandong Province is 1850-1950 yuan / ton, and the price is stable. The factory quotation of 55% powdered ammonium in Sichuan is about 1950 yuan / ton.

 

The price of diammonium phosphate remained stable in the second half of June. At present, the mainstream factory quotation of 64% diammonium in Hubei Province is 2150-2250 yuan / ton, that in Shandong Province is 2200-2300 yuan / ton, that in Yunnan Guizhou area is 2300-2400 yuan / ton, and that in Anhui Province is 2200-2350 yuan / ton. In Gansu Province, 64% DAP mainstream factory quotation is 2250-2400 yuan / T. The quotation of 64% diammonium at the first arrival station in Heilongjiang Province is about 2400 yuan / ton.

 

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On June 16, some mining enterprises in Guizhou Province lowered the price of phosphate ore. subsequently, the domestic phosphate ore market basically operated in a weak and stable manner. So far, there has been no significant change in the market. In the off-season market, the overall shipment is still slow. At present, the inventory is large and the downstream demand is general. At present, the external market news of sulfur is relatively flat, the market is not good for pulling, and the market operation is stable and weak. In the later stage, it is still necessary to observe the release of downstream demand and external price dynamics. Downstream compound fertilizer enterprises started to prepare raw materials in autumn, and the follow-up was slow.

 

3、 Future forecast

 

Ammonium phosphate analysts of the business club believe that the industry of monoammonium phosphate is optimistic in the second half of June, but the follow-up of downstream compound fertilizer is insufficient, which conflicts with high prices. It is expected that monoammonium phosphate will maintain stable operation in the later period. Domestic demand for diammonium phosphate has not improved, and more goods are sold on demand. It is expected that the market of diammonium phosphate will be weak and stable in the future.

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The market price of ammonium nitrate rose slightly in June

According to statistics, the domestic market price of ammonium nitrate rose slightly in June. By the end of the month, the market price of ammonium nitrate was 2340 yuan / ton, which was 0.43% higher than the price of 2330 yuan / ton at the beginning of the month, and 18.98% higher than that at the beginning of the month.

 

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In June, the price trend of domestic ammonium nitrate market rose slightly. The equipment of domestic ammonium nitrate manufacturers operated stably. Recently, the on-site supply of goods was normal. Some manufacturers reported that the inquiry situation increased, and the market price rose slightly. In recent years, the market of ammonium nitrate manufacturers is generally in general, and the downstream is purchased on demand. In the near future, the trend of downstream nitro compound fertilizer is stable, and the domestic downstream civil explosive industry is still stopping production. The domestic ammonium nitrate manufacturers are operating normally, and the market price of ammonium nitrate is rising slightly. Up to now, the mainstream of negotiation in Shaanxi is 2200-2400 yuan / ton, that in Shandong is 2000-2200 yuan / ton, and that in Hebei is 2400-2700 yuan / ton.

 

The price of domestic concentrated nitric acid rose slightly in June, and the average price of domestic nitric acid was 1450 yuan / ton by the end of the month, with an increase of 1.15%. Jiangsu Hongze Yinzhu Chemical Co., Ltd. quoted 1400 yuan / ton; Anhui Jinhe quoted 1350 yuan / ton; Shandong helitai offered 1700 yuan / ton. Anhui Aodeli quoted 1400 yuan / ton; Wenshui County synthetic chemical industry quoted 1580 yuan / ton. In recent years, the domestic maintenance units have been running stably, the concentrated nitric acid market supply is normal, and the on-site goods circulation is general. In June, the market price of nitric acid rose slightly, and the price of raw material nitric acid rose slightly, which is a good support for the market of ammonium nitrate, and the market price of ammonium nitrate is slightly higher.

 

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The domestic market price of liquid ammonia rose slightly in June. By the end of the month, the price of liquid ammonia was 3066.67 yuan / ton, 1.10% higher than the price of 3033.33 yuan / ton at the beginning of the month. According to the monitoring of the business agency, the domestic liquid ammonia market is stable and small. Hebei has been maintaining a stable price in recent years, and large factories are shipping normally. A Cangzhou plant still does not sell liquid ammonia. The amount of liquid ammonia in the region remains tight and the price is relatively firm. By the end of the month, the price was 2700-2900 yuan / ton. In Northeast China, the downstream procurement is not reduced, and the demand for phosphate fertilizer is still at the end of the peak season, so the price difference between Shandong and Hebei is about 200 yuan, and the current price is 2800-3000 yuan / ton. The domestic liquid ammonia supply pressure still exists, especially the regional imbalance, which leads to greater supply pressure in some regions. In terms of demand, the peak season of downstream fertilizer demand ends and the downstream procurement withdraws, which leads to the pressure expectation in the later stage of liquid ammonia supply.

 

In recent years, the demand for the downstream civil explosive industry is general, the market demand for ammonium nitrate is normal, and the market price of raw material liquid ammonia has a downward trend, so the market price of ammonium nitrate has lost some cost support. Ammonium nitrate analysts believe that the market price of ammonium nitrate will maintain stability in the later stage.

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Aniline prices fell slightly in the week (June 22-28, 2020)

1、 Price trend

 

According to the data in the bulk list of business associations, the price of aniline in Shandong fell 200 yuan / ton this week. On June 19, the price of aniline in Shandong was 4500-4590 yuan / ton, and that in East China was 4600-4820 yuan / ton. On June 28, the price of aniline in Shandong was 4300-4390 yuan / ton, and that in East China was 4500-4820 yuan / ton.

 

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2、 Analysis and comment

 

In terms of cost, this week’s listing price of Sinopec’s pure benzene was reduced by 300 yuan / ton compared with that of last week, and the listing price of Sinopec’s pure benzene was reduced by 400 yuan / ton for two consecutive weeks. Port inventory is high, picking up speed is slow, inventory pressure is difficult to release. The inventory of Shandong refining enterprises increased, driving prices down continuously.

 

Nitric acid continued to stabilize this week. On June 28, the production price of nitric acid in East China was 1450 yuan / ton.

 

During the festival, aniline in Shandong Province was reduced by 200 yuan / ton. At present, aniline enterprises as a whole are losing money. The cost price is high, the downstream demand is low, the inventory is under pressure, the enterprise reduces the price guarantee, and the unit operation rate is reduced.

 

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3、 Future expectation

 

Crude oil bears a prominent negative position, but the downward range is not large in the context of production reduction. Most of the downstream products are in the state of loss, and acetone, which had a good early rise, also fell sharply, falling below 10000 yuan / ton. The port inventory of pure benzene is difficult to decline in the short term, dragging down the price. It is expected that the price of pure benzene will still fall next week.

 

It is difficult to change the supply and demand pressure of aniline Market in a short term, but the aniline Market is close to the bottom, and the possibility of a sharp drop in prices is unlikely. It is expected that aniline will move steadily next week.

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Domestic isopropanol market price continued to decline (6.22-6.24)

1、 Price trend

 

Isopropanol prices fell this week, according to commodity data monitoring. At the beginning of the week, the average price of isopropanol in China was 12666.67 yuan / ton, while at the end of the week, the average price was 12275 yuan / ton, and the price fell within the week by 3.09%.

 

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2、 Market analysis

 

Domestic isopropanol prices continued to fall this week. In the international market, the isopropanol market in the U.S. continued to decline, while the isopropanol market in Europe closed down sharply. The demand for isopropanol in the overseas disinfectant Market decreased, the overseas orders decreased, the operating rate of isopropanol factories decreased, and the price decreased. There are many domestic trade enquiries, mainly waiting and taking care of the goods. Up to now, Shandong isopropanol negotiation range is about 11500-11900 yuan / ton, and Jiangsu isopropanol negotiation range is 11800-12500 yuan / ton. The negotiation range of isopropanol in South China is 12600-12700 yuan / ton. Recently, export orders decreased, and isopropanol benefits slowed down.

 

PVA 1788 (PVA BP17)

In terms of raw materials, the acetone market returned to a rational space this week, with prices gradually reduced. Currently, the mainstream market has fallen below 10000 yuan, and the short-term negotiation range in East China may be 9600-9900 yuan / ton. The price of isopropanol by acetone method has also been adjusted accordingly, and the price is inclined downward, and the range is not small. In terms of propylene, the market price of propylene in Shandong fell slightly. It began to fall on the 22nd. Today, it still falls by about 100 yuan / ton. Now it has fallen by about 200 yuan / ton. Now, the market turnover is between 6600-6950 yuan / ton, and the mainstream price is about 6650 yuan / ton. The price of isopropanol from propylene process is also reduced accordingly.

 

3、 Future forecast

 

Isopropanol analysts from the chemical branch of business society think: the prices of raw materials acetone and propylene both fell, and the cost support was weak. In terms of demand, the favorable foreign trade slowed down, export orders were significantly reduced, domestic trade enquiries were more frequent, wait-and-see was the main thing, and taking goods was very cautious. On the whole, in the short term, the price of isopropanol is likely to continue to decline, and follow-up attention will be paid to the change of news.

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Cost supports the ethylene market

According to the monitoring data of the business agency, the price of ethylene in the external market has been on the rise recently. The average price of ethylene on the 21st day was $715.50/ton, and the price on the 22nd day was $728.80/ton, up 1.75%. The current price is 37.10% higher than the previous year, and the current price is 21.66% lower than the previous year.

 

PVA 1799 (PVA BF17)

In the near future, ethylene is on the rise as a whole. Asian ethylene market prices remained stable. As of the 22nd, CFR Northeast Asia closed at US $835-845 / ton, and CFR Southeast Asia closed at US $785-795 / ton. The price of European ethylene market rose. As of the 22nd, the price of European ethylene market was FD, northwest Europe closed at US $656-666 / ton, and CIF northwest Europe closed at US $617-625 / ton. The price of ethylene in the U.S. region is stable. As of the 22nd, the price is US $215-231 / ton. Generally speaking, the market of ethylene in Europe and America has been rising steadily in the near future. The trading atmosphere of the whole ethylene market is good, and the market has been rising in stages, which is also related to the large drop in the early ethylene market.

 

International: on June 22, the recovery of global oil demand accelerated, and the price of WTI crude oil futures market in the United States rose. The settlement price of major contracts was $40.46/barrel, or $0.71. Brent crude oil futures market price rose, the settlement price of main contracts was $43.08/barrel, up $0.89, and the international oil price rose for three consecutive trading days, supporting the cost of ethylene.

 

The price of downstream styrene rose slightly. The average price of ethylene on the 21st day was USD 5483.00/t, and the price on the 22nd day was USD 5548.00/t, up 1.19%, which is good for supporting the upward price of ethylene.

 

According to ethylene analyst of business Chemical Branch, at present, in terms of crude oil, market demand shows signs of recovery, and prices continue to rise, forming a cost support for ethylene. Therefore, data analyst of business club expects that ethylene prices will mainly rise next.

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