On April 1, the fluorite commodity index was 101.75, down 1.76 points from yesterday, down 20.19% from the peak of 127.49 points in the cycle (2019-01-03), and up 106.77% 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 slightly declined, the average domestic fluorite price was 2885 yuan/ton as of the 2nd day. Recently, the domestic fluorite plant started normally, the mine and flotation plant started normally, the fluorite supply was normal, the recent downstream market was not good, the demand for fluorite market was weakened, and the price trend of fluorite market was slightly lower. In recent years, the downstream units started to work poorly, the fluorite spot supply in the field was normal, and the downstream terminal receipt was not good, which led to a slight decline in market price trend. As of the 2nd day, the price of 97 fluorite wet powder in Inner Mongolia is 2700-3100 yuan/ton, the mainstream of 97 fluorite wet powder in Fujian is 2600-3000 yuan/ton, the price of 97 fluorite wet powder in Henan is 2600-300 yuan/ton, and the price of 97 fluorite wet powder in Jiangxi is 2700-3100 yuan/ton. The price trend of fluorite has slightly declined.

The price trend of hydrofluoric acid in the downstream of fluorite is temporarily stable. The domestic market price of hydrofluoric acid is 10575 yuan/ton as of the 2nd day. The weak market price of hydrofluoric acid has a negative impact on the upstream fluorite market. 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 products prices are temporarily 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 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 market has increased. Domestic market price trend of R134a shocks, production enterprises equipment start-up rate remains low, refrigerant market demand is general, manufacturers mainly export. But the price of on-site transactions does not change much. Businessmen buy on demand. Generally speaking, the downstream industry is in a general market. In addition, fluorite market supply is normal and fluorite prices are declining. Chen Ling, a business analyst, believes that the fluorite market price may maintain a low level.

Price data:

According to the monitoring data of the business associations’list, the domestic bromine market was stable in March. After mid-March, the industry began to work normally. The average price of bromine remained around 35,000 yuan/ton in the month, up 26.58% from the same period last year.

II. Cause Analysis

Products: At the beginning of this month, the domestic bromine market was affected by season, environmental protection and the two sessions. Bromine enterprises started construction on a low level with low inventory and stable market turnover. After the two sessions, bromine enterprises mostly resumed normal production and the market supply was abundant. In some start-up enterprises, such as Shandong Haiwang Chemical Company, Dongyue Fine Chemical Company, Weifang Longmao Chemical Company, Shandong Haihua Company and Tianjin Changlu Haijing Company, the daily output is about 20 tons, 5 tons, 8 tons, 15 tons. At present, the mainstream quotation of enterprises is about 3450-35000 yuan/ton, and the actual transaction price is based on enterprise negotiation.

Industry chain: This week, bromine upstream industry, such as sulphur market, rose 5.14% in the month as a whole, and the current quotation is about 1160 yuan/ton; caustic soda market dropped 10.81% in the month, and the current quotation is about 770 yuan/ton; soda market is stable in the month as a whole, and the current quotation is about 1966 yuan/ton; the price of sulphuric acid has risen one after another in the month, down 9.11%, and the current quotation is about 357 yuan/ton. At present, the flame retardant industry downstream of bromine and pharmaceutical and agricultural intermediates industries have returned to normal, just need to be stable, which is good for bromine price support.

3. Future Market Forecast

Business bromine industry analysts believe that at present domestic bromine market enterprises generally resume normal production, downstream user demand is better, market supply is abundant, and this year’s policy may be relaxed, in the absence of a significant increase in downstream demand, the market is about to oversupply, bromine prices are expected to decline weakly in the future.

On March 25, the hydrofluoric acid commodity index was 97.78, down 0.37 points from yesterday, down 30.37% from the peak of 140.43 points in the cycle (2018-02-21), and up 82.46% from the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the recent domestic hydrofluoric acid market price fluctuation, as of 26 days, the domestic hydrofluoric acid market price is 10775 yuan/ton, the domestic hydrofluoric acid start-up rate is more than 60%, enterprises reflect that the current on-site hydrofluoric acid spot supply is normal, recent on-site goods generally, some enterprises have increased hydrofluoric acid inventory, factory prices remain low, due to recent price shocks in the raw material market, Hydrofluoric acid market price trend is temporarily stable. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 10,000-11,000 yuan/ton, while the price of hydrofluoric acid in the northern market is 10,500-11,000 yuan/ton. Domestic hydrofluoric acid market prices remain low, spot supply is sufficient, due to the recent upward trend in the raw material market, fluorite price trend is temporarily stable, for hydrofluoric acid has some favorable support, the price trend of hydrofluoric acid Market shocks.

Recent downstream refrigerant product units have started to operate normally, and the demand for fluorite and hydrofluoric acid has increased. Recent downstream refrigerant trading market is general, and the price of hydrofluoric acid products is temporarily stable. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 70%, R22 refrigerant facility start-up rate is temporarily stable, the main manufacturer of bulk water factory offer price is 18500-19000 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 risen, and the delivery market has risen. The domestic market price of R134a has risen slightly, the start-up rate of production enterprises has remained 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 improvement of the goods, the price trend of hydrofluoric acid market is temporarily stable.

Refrigerant on-site transactions have risen, refrigerant industry equipment start-up rate has increased, for the upstream hydrofluoric acid market demand or will increase, coupled with the upstream fluorite price trend, March is the peak season of air conditioning production, downstream refrigeration industry trading market has improved, Business Analyst Chen Ling believes that the hydrofluoric acid market may be shaking operation.

First, the trend of the market

According to statistics, the price of phthalic anhydride declined slightly this week. The price of phthalic anhydride this weekend was 6750 yuan.ton, down 1.22% from 6833.33 yuan/ton at the beginning of the week and 7.81% from the same period last year. In Shandong province, phthalic anhydride is 6 600-6 800 yuan per ton, while in Jiangsu province, the main stream of phthalic anhydride negotiations is 6 800 yuan per ton. There is sufficient spot supply in the market. The naphthalene phthalic anhydride plant starts normally and is currently quoted at about 6 400 yuan per ton.

2. Market analysis:

Products: In recent years, the price trend of domestic phthalic anhydride market has slightly declined, the market opening rate of phthalic anhydride is about 70%, the market of phthalic anhydride in eastern China is weak, downstream factories are in need of purchasing, the inventory pressure of factories is persistent, high-end transactions are blocked, the mainstream of on-site neighbourhood source negotiation is 6600-6800 yuan/ton, and the mainstream of naphthalene source negotiation is 6400-6500 yuan/ton. The main market quotation is 6600-6800 yuan/ton. The market is weak and shocky. The quotation trend of enterprises is temporarily stable. The downstream construction is not high. The purchase is on demand. The wait-and-see mentality is strong. The domestic phthalic anhydride plant runs steadily, the spot supply of phthalic anhydride is sufficient, the market is not good, and the price of phthalic anhydride declines slightly.

Industry chain: Recently, the execution price of phthalic anhydride upstream product, Sinopec o-phthalic acid, is 6800 yuan/ton. The actual market transaction price is 7100 yuan/ton. The quotation is stable and the port is out of stock. The price fluctuation of raw materials mixed xylene in the upstream of phthalic acid is stable, the turnover of phthalic acid is general, the stock of phthalic acid in the port is low, the quotation of phthalic acid external market is rising, the cost of imported phthalic acid is rising, the actual transaction price is discussed in detail, the upstream price trend is stable, and the market price of phthalic anhydride is slightly lower. DOP prices downstream slightly declined. Recently, in Zhejiang DOP market, merchants’quotations maintained at 8000-8100 yuan/ton, while downstream prices were at a low level. Demand for upstream phthalic anhydride was limited, and the price trend of phthalic anhydride market slightly declined.

Industry: Recent plasticizer industry trend is general, terminal downstream demand is limited, phthalic anhydride market price trend is declining.

3. Future market forecast:

In recent years, the price trend of phthalic anhydride in the upstream has not changed much. DOP prices in the downstream have declined. Phthalic anhydride analysts of business associations believe that the market price trend of phthalic anhydride may oscillate at a low level, with a price of about 6700 yuan/ton.

On March 19, 2019, South Korea imported Iranian crude oil worth $476 million in February, more than four times as much as January ($101 million), although not as much as the same period last year ($621 million).

In February, South Korea imported more Iranian crude oil than before the July 2018 (US$474 million) sanctions, close to the average import level of US$539 million from January to July last year. From September to December last year, South Korea failed to import Iranian crude oil because of U.S. sanctions. The failure to import a penny of Iranian crude oil was also the first time since August to September 2012.

In November 2018, the United States temporarily granted Iranian crude oil import ban exemption to eight countries and regions around the world. In January, South Korea resumed importing Iranian crude oil, but only a fifth of the monthly average before sanctions. Government officials said that imports resumed in January and many negotiation steps were at the end, so crude oil imports increased significantly in February. Although import quotas have returned to pre-sanctions levels, the United States continues to oppress Iran and crude oil imports will fluctuate.

According to Reuters, the United States is asking South Korea and Japan to reduce Iranian crude oil imports and make adjustments every 180 days. Seventy percent of South Korea’s crude imports from Iran are condensate. Due to the low price of Iranian crude oil, 51% of condensate oil used by Korea Refining Industry and Petrochemical Company comes from Iran (the first quarter of last year is the standard).

On March 18, the hydrofluoric acid commodity index was 97.78, down 0.37 points from yesterday, down 30.37% from the peak of 140.43 points in the cycle (2018-02-21), and up 82.46% from the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the recent domestic hydrofluoric acid market price fluctuation, as of 19 days, the domestic hydrofluoric acid market price is 10775 yuan/ton, the domestic hydrofluoric acid start-up rate is more than 60%, enterprises reflect that the current on-site hydrofluoric acid spot supply is normal, recent on-site goods generally, some enterprises have increased hydrofluoric acid inventory, factory prices remain low, due to recent price shocks in the raw material market, Hydrofluoric acid market price trend is temporarily stable. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 10,000-11,000 yuan/ton, while the price of hydrofluoric acid in the northern market is 10,500-11,000 yuan/ton. Domestic hydrofluoric acid market prices remain low, spot supply is sufficient, due to the recent upward trend in the raw material market, fluorite price trend is temporarily stable, for hydrofluoric acid has some favorable support, the price trend of hydrofluoric acid Market shocks.

Recent downstream refrigerant product units started to rise, upstream fluorite and hydrofluoric acid demand has increased, the recent downstream refrigerant trading market is general, hydrofluoric acid product prices temporarily stable. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 70%, R22 refrigerant facility start-up rate is temporarily stable, the main production enterprise’s bulk water ex-factory offer price rises to 18500-19000 yuan/ton, but there is no bulk water spot in the production enterprise, mainly a small number of cylinders shipped. In addition, the actual demand side of the market has risen, and the delivery market has risen. The domestic market price of R134a has risen slightly, the start-up rate of production enterprises has remained 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 improvement of the goods, the price trend of hydrofluoric acid market is temporarily stable.

Refrigerant on-site transactions have risen, refrigerant industry equipment start-up rate has improved, for the upstream hydrofluoric acid market demand may increase, coupled with the upstream fluorite price trend is temporarily stable, March is the peak season of air conditioning production, the downstream refrigeration industry is expected to rise, Business Analyst Chen Ling believes that the hydrofluoric acid market may be slightly higher.

Price Trend

Styrene prices have risen this week. According to data from business associations, the prices of sample enterprises were 8450.00 yuan/ton on Monday (March 11) and 8450.00 yuan/ton on Friday (March 15), which was 26.89% lower than the same period last year.

II. Market Analysis

Product: Styrene market is stable this week. On March 11, East China Styrene closed at 8480-8500 yuan/ton, down 70-80 yuan/ton from the previous trading day. The above is Zhangjiagang’s canning price. South China: South China Styrene closes at 8600-8650 yuan/ton, up 50 yuan/ton from the previous trading day, and above factory delivery price. Styrene inventory is reduced, volume is low and price is stable.

Industry chain: Upstream pure benzene prices fell, with a price of 4890.00 yuan/ton at the beginning of the week and 4740.00 yuan/ton at the end of the week, a decline of 3.07%. Cost support for styrene is limited. PS downstream shocks, EPS prices rose slightly, downstream demand improved from last month, on-demand procurement, Styrene Market rose.

3. Future Market Forecast

Recently, domestic styrene plant overhaul is more, and affected by the trade war, port inventory is low, many good business analysts believe that: styrene market consolidation is the main, do not rule out the possibility of a small rise. The market should pay more attention to the guidance of the external market and the trend of bulk futures.

On March 13, the fluorite commodity index was 102.46, unchanged from yesterday, down 19.63% from the peak of 127.49 points in the cycle (2019-01-03), and up 108.21% from the low of 49.21 points on December 18, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the recent domestic fluorite price fluctuation, as of 14 days, the average domestic fluorite price is 2920 yuan/ton. Due to the warmer weather, the recent domestic fluorite plant start-up, in-site mines and flotation devices continue to open, the supply of fluorite in-site increased relatively, but the recent downstream market has improved, fluorite market price fluctuations. Recently, the temperature has risen and the start-up rate of fluorite flotation units in the North has risen, but the downstream units have started to operate normally, the fluorite spot supply in the field is sufficient, and the downstream terminal receipts have increased compared with the previous ones, resulting in a temporary stabilization of market prices. As of the 14th, the price of 97 fluorite wet powder in Inner Mongolia was 2400-3000 yuan/ton, the mainstream of 97 fluorite wet powder in Fujian was 2700-3100 yuan/ton, the price of 97 fluorite wet powder in Henan was 2600-3100 yuan/ton, the price of 97 fluorite wet powder in Jiangxi was 2600-3100 yuan/ton, and the price trend of fluorite was stable.

The market price of hydrofluoric acid in downstream fluorite is stable. The domestic market price of hydrofluoric acid is 10775 yuan/ton as of 14 days. The price fluctuation of hydrofluoric acid market has little effect on the price of upstream fluorite. Recent downstream refrigerant product units started to rise, upstream fluorite and hydrofluoric acid demand has increased, the recent downstream refrigerant trading market is general, hydrofluoric acid product prices temporarily stable. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 70%, R22 refrigerant facility start-up rate is temporarily stable, the main production enterprise’s bulk water ex-factory offer price rises to 18500-19000 yuan/ton, but there is no bulk water spot in the production enterprise, mainly a small number of cylinders shipped. The actual demand side of the market has risen, and the delivery market has risen. The domestic market price of R134a is low, the start-up rate of production enterprises is low, the refrigerant market demand is general, and the manufacturers mainly export their products. However, the on-site transaction price does not change much. Businessmen buy on demand, and recently due to the improvement of goods. Generally speaking, the downstream industry has a positive impact, together with the increase of inquiries in the fluorite market, the price of fluorite has a rising trend. Chen Ling, an analyst of business associations, believes that the price of fluorite market may rise slightly.

Butadiene closed stable in Europe on March 12, with FOB Rotterdam closing at $1053-1057 per ton and FD Northwest Europe closing at Euro 928-932 per ton.

The closing price of phenol in Asia was stable on March 12, with CIF prices ranging from US$1138 to US$1141 per ton.