Price trend

 

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Recently, the domestic ABS market is mixed, and the spot price is mixed. As of March 13, the average price of ABS sample products was 11833.33 yuan/ton, up and down by – 1.39% from the average price level a month ago, according to the data monitoring of Business News Agency.

 

Cause analysis

 

On the supply side: the ABS industry has been running at a high load for more than a month. Due to the pressure from the supply side and the fierce competition for new materials, the petrochemical plant began to reduce the burden independently. Last week, the industry load dropped by 6% from the beginning of the month, but the 90% operating rate is still high. At present, the supply of goods in the field continues to be abundant, and domestic inventory accumulates. The factory still has plans to reduce the negative load in the future, and the news has formed a bottom for some spot goods.

 

In terms of raw materials: the overall performance of ABS upstream three materials is weak recently. Among them, the market of acrylonitrile stabilized slightly last week. The load of some factories has increased, and the future supply is expected to increase. The goods are generally transported in the field, and the downstream goods are mainly just needed. It is expected that the acrylonitrile market will be consolidated in a narrow range in the short term.

 

Recently, the domestic butadiene market has declined. Affected by the continuation of plant restart, the short-term supply increment was less than expected. The market of downstream products also fell, while demand was difficult to provide effective support, and profit performance was under pressure. It is expected that the domestic butadiene market will be dominated by weak consolidation in the short term.

 

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Last week, the styrene market in Shandong Province was shaken and sorted out. The improvement of terminal demand is limited, and the effect of de-stocking of the seller camp is poor. In the early stage, the international crude oil fell three times and rebounded recently, but the support of pure benzene and ethylene as raw materials for styrene was limited. It is expected that the short-term volatility of styrene market will be mainly lower.

 

Demand: Downstream factories, including the main terminal appliance industry, are generally motivated to stock goods recently, and some manufacturers still have raw material inventory to digest. The overall demand improvement is limited, the actual transaction is weak, and the flow of goods in the market is poor.

 

Aftermarket forecast

 

In the near future, the overall trend of ABS upstream three materials is weak, and the support for ABS cost side is poor. The high starting point of petrochemical plants fell slightly, and the market supply continued to be abundant. The demand-side support is poor, the mentality of merchants is weak, and the operation is biased to yield profits and take orders. It will take time for the petrochemical plant to reduce the negative pressure. It is expected that the ABS market will continue to digest the contradiction between supply and demand in the short term.

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According to the price monitoring data of the Business Agency, as of March 10, 2023, the price of domestic n-propanol was referenced at 8000 yuan/ton, which was basically the same as that of March 1, 2023.

 

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It can be seen from the data monitoring chart of the business agency that in the first ten days of March (3.1-3.10), the overall range of the domestic n-propanol market was dominated by small fluctuations. Recently, the supply and demand information of n-propanol in the market changed little. The market price of n-propanol in Shandong Province was mostly adjusted by suppliers in a narrow range according to their own inventory and other factors, with an adjustment range of around 100 yuan/ton. As of March 10, the market price of n-propanol in Shandong Province was around 7400-7600 yuan/ton, and the barrel price was around 9000 yuan/ton. Dealers in different regions have reservations about the price, and the price is not easy to monitor, which may lead to differences in the specific negotiation situation. There are also differences in each region, and the negotiation is based on the actual order.

 

Prediction of future trend of n-propanol

 

At present, the trading atmosphere of n-propanol on the market is mild, the downstream demand is relatively stable, and the operators are in a good mood. The n-propanol statistician of the business agency believes that in the short term, the domestic n-propanol market is mostly stable, and the specific trend needs to pay more attention to the changes in the information on the supply and demand side.

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Futures:

 

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Since the early opening of the domestic futures market in early February, the rubber futures have been sharply reduced by about 4%. After that, the main market has continued to fluctuate around 12400-12550, and has been down since then.

 

goods in stock:

 

Commodity market: The monitoring of the business society shows that in the early February 2023, the spot market of natural rubber in China followed the trend of futures, with a decline of 4.28% in the three days of the week, from 12610 yuan to 12070 yuan/ton; Subsequently, the trend of spot rubber continued to decline after the decline. On March 7, the market reported 12000 yuan/ton, down 4.84% from 12610 yuan/ton on February 1, basically close to the price of 12070 yuan/ton on the third day. Among them, the highest price in this stage is 12610 yuan/ton on February 1, and the lowest price is 11980 yuan/ton on February 13, with a maximum amplitude of 5%. During the annual trough of global natural rubber supply, the number of new purchases after the inventory consumption of downstream product factories is sparse, and the market transaction is unfavorable, with the market mainly falling.

 

Supply side: At present, the global natural rubber production is in the seasonal and annual low production period. The foreign production areas have basically stopped cutting, and the domestic production areas, Hainan and Yunnan, are currently in the cutting period. It is said that Yunnan will try to cut rubber as soon as the end of this month. According to the practice, the initial production is also very low, which has limited impact on the market supply pattern. At present, the global supply situation conforms to the global natural rubber production law.

 

Demand side: operating rate: since the start of construction in early February, domestic rubber products enterprises have mainly consumed the pre-year inventory, and the procurement began to recover slowly in the late part of the month. Over the past two months, the factory operating rate has gradually risen. The data shows that as of March 3, the operating load of all-steel tires of rubber tire enterprises in Shandong Province was 68.98%, 0.44 percentage points higher than that of the same period last year, 8.54 percentage points higher than that of the same period last year; The starting load of semi-steel tires of domestic rubber tire enterprises was 74.15%, 0.19 percentage points higher than that of the same period last year, and 6.01 percentage points higher than that of the same period last year. Heavy truck sales data: In January 2023, China’s heavy truck market sold about 46000 vehicles of various types, – 52% year-on-year and – 15% month-on-month. In February, China’s heavy truck market sold about 68000 vehicles, up nearly 50% month-on-month and 15% year-on-year, ending the continuous decline of the heavy truck market since May 2021. It had been 21 consecutive months of decline, and the market sales volume was extremely severe. This was mainly due to the lower year-on-year base, strong exports and the release of the pent-up demand for car change last year. Although the purchase demand is sparse and the market transaction is poor after the year, the decline of the natural rubber market in the current month fully covers the previous increase, and it has continued to decline until now; However, in view of the increase in the operating rate and the sharp increase in the sales data of heavy trucks in February, the natural rubber market has an important upward support.

 

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Import and export: In terms of export: in December 2022, China’s total rubber tire export volume was 660000 tons, an increase of 90000 tons on a month-on-month basis and a year-on-year increase of 1.1%; The export value was 11.839 billion yuan, up 12.6% year on year, and the average export price maintained an upward trend. From January to December, China’s rubber tire exports totaled 7.65 million tons, up 4.7% year on year; The export value was 131.418 billion yuan, up 16%. Some analysts said that the expectation of China’s tire export in the later stage was not optimistic. Import: According to the data, Thailand exported 427000 tons of natural rubber and mixed rubber in January, up 2.2% year-on-year and 12.7% month-on-month; Total exports to China were 288000 tons, up 40% year-on-year and 20% month-on-month; Vietnam exported 41000 tons of natural rubber in January, down 37% year on year. In terms of various varieties, the export of standard rubber was 23000 tons, down 41% year on year; Tobacco adhesive decreased by 67% year-on-year; Latex decreased by 25% year on year. The export of natural rubber to China was 13000 tons, up 30% year on year. It can be seen that China’s imports of natural rubber from Thailand and Vietnam have increased significantly.

 

Inventory side: Since 2023, China’s import of rubber has continued to increase. The main port of Tianjiao has a high social inventory, slow market digestion and poor circulation.

 

Industry hotspot:

 

1. According to the recent report of ANRPC, the global natural rubber production is expected to increase by 2.2% to 14.672 million tons in 2023; In 2023, global natural rubber consumption is expected to decrease by 0.1% to 14.738 million tons. The decline in consumption is mainly due to the uncertainty of the global economy in 2023.

 

2. According to the latest data released by the Association of European Automobile Manufacturers (ACEA), the European passenger car market increased by 11.3% to 760041 vehicles in January 2023, opening a new year in a positive way. However, this is mainly due to the exceptionally mild comparative base in 2022, when the trading volume in January reached the lowest level since the record.

 

3. At the keynote press conference of the National Development and Reform Office on the 2nd, the Minister of Commerce said that in 2022, a series of policies were introduced for new energy vehicles, with obvious effects. The sales of new energy vehicles had nearly doubled to more than 6.8 million. The penetration rate of new energy vehicles has increased significantly. In 2023, while implementing the policies, we will actively introduce new policies and measures to guide local governments to carry out new energy vehicle activities in the countryside, optimize the use environment of charging, support the consumption of new energy vehicles, improve the construction of charging piles and other supporting facilities, and work with relevant departments to make plans, strengthen efforts, and steadily advance.

 

Figure 5: Comparison of annual spot market trend of natural rubber in 2021-2023

 

Future forecast: From a macro perspective, 2023 is still full of challenges, the global economic recovery is uncertain, the economic growth rate is slowing, and the recovery expectation is cautious and optimistic. From the perspective of industry, the favorable global supply during the trough period supported the continuous fluctuation of rubber in more than 12 thousand, but the short-term purchase demand of downstream product enterprises was sparse, resulting in the current weak market of natural rubber and the continuous slight fluctuation of market price. It is expected that the short-term market is still waiting for the sharp recovery of downstream demand and the continuous consumption of high inventory. The lowest supply in the late part of this month coincides with the depletion of factory demand inventory. Maybe the natural rubber market will usher in a big adjustment period. In the future, the natural rubber market is in the traditional rising expectation of the industry. It is in urgent need of a substantial boost in downstream demand. At the same time, it is also necessary to beware of the impact of external factors such as inflation pressure, geopolitical tension, global crude oil market, etc. on the natural rubber market.

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1、 Price trend

 

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It can be seen from the above figure that the domestic market of imported potassium chloride fell slightly this week, with the price falling from 3866.67 yuan/ton at the end of last week to 3850.00 yuan/ton at the end of this week, down 0.43%. The arrival price of domestic salt lake potassium chloride this week is 3500-3600 yuan/ton. About 2.5 million tons are stored in the port. The commodity index of potassium chloride (import) on March 5 was 101.32, which was the same as yesterday, down 30.00% from the highest point of 144.74 (2022-06-21) in the cycle, and up 4.77% from the lowest point of 96.71 on September 16, 2021. (Note: the period refers to the period from September 1, 2021 to now)

 

2、 Market analysis

 

This week, the quotations of mainstream domestic potassium chloride manufacturers fell slightly.

 

From the downstream market of potassium chloride, the ex-factory price of potassium carbonate was at a low level this week, with a price of 9120.00 yuan/ton, up 7.29% year-on-year. The ex-factory price of potassium nitrate dropped slightly this week, from 5960.00 yuan/ton at the end of last week to 5940.00 yuan/ton at the end of this week, a decrease of 0.34%, a year-on-year decrease of 6.70%. On the whole, the downstream market of potassium chloride declined slightly, and the demand of downstream customers for potassium chloride weakened.

 

3、 Aftermarket forecast

 

In the first half of March, the overall trend of potassium chloride market may fall in a narrow range. The prices of potassium chloride in salt lakes and Zangger were low. The downstream market of potassium chloride is low, and the downstream demand is weakened, and the purchase is mainly in demand. International potash fertilizer prices continued to fall. Analysts of KCl from the Business Agency believe that the import price of domestic KCl may fall slightly in the short term.

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According to the data monitored by the Business News Agency, the average ex-factory price of Shanxi light potassium carbonate this week was 9120.00 yuan/ton, with the current price rising by 0.22% month-on-month and 7.29% year-on-year.

 

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Potassium carbonate

 

The price of potassium carbonate fluctuated and consolidated this week. It can be seen from the above figure that the market of potassium carbonate has fluctuated slightly recently, and the market continues to be stable this week. The supply of domestic potassium chloride market is relatively sufficient, and the market is weak and consolidated. The market of potassium carbonate is cold and the market of potassium carbonate fluctuates little. According to the statistics of the Business News Agency, this week’s domestic industrial potassium carbonate mainstream ex-factory quotation range is around 9000-9300 yuan/ton (the quotation is for reference only), which varies according to different procurement conditions.

 

Recently, the quotations of mainstream domestic potassium chloride manufacturers fell. The international potassium chloride market is in short demand recently, and the price is in a downward trend. The domestic spot market of potassium chloride has a general trading volume, and the price of potassium chloride has fallen slightly. It is expected that the market of potassium chloride will consolidate at a high level in the future.

 

The domestic potash fertilizer market consolidates, the market supply is relatively sufficient, the cost support is general, and the downstream is just in need of procurement. It is expected that the price of potassium carbonate will fall mainly in the short term, and the long-term market will still need to wait and see.

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Price trend

 

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According to the bulk list data of the business agency, the domestic PC market fell in February, and the spot prices of various brands were generally reduced. As of February 28, the reference offer of the sample PC enterprises of the Business Club was about 16466.67 yuan/ton, up and down by – 5.64% from the beginning of the month.

 

Cause analysis

 

In terms of raw materials: it can be seen from the above figure that the market demand for bisphenol A is low and the market is weak this month. The raw material phenol/acetone rose, and the decline in the factory price of bisphenol A plant tightened under the support of cost. However, the demand side is hard to be stimulated by good news. It is expected that BPA will have a high probability of fluctuation around the cost. In the later stage, it will continue to pay attention to the raw material market and downstream demand information.

 

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Supply: In February, the total PC load in China was more than 70%, the operating rate was the highest in recent years, and the pressure at the supply side was too high. At the same time, there was news of new devices being put into operation recently. The flow of domestic goods is sluggish, and the pressure on the supply side is also increased.

 

In terms of demand: In February, the downstream of PC just needed to maintain production, and the operators had a heavy wait-and-see attitude. At present, the resumption of work of terminal enterprises is slow, and there is pre-holiday inventory that needs to be digested, resulting in weak intra-field trading. The traders’ mentality is weak, and the operation is biased to yield profits and take orders.

 

Aftermarket forecast

 

In February, the PC market fell, the upstream bisphenol A market weakened, and the PC cost support weakened. The domestic polymerization plant load is at a high level, while the demand side is weak in follow-up, and the pressure on the supply side is increasing sharply. It is expected that the PC market will continue to weaken due to the impact of supply and demand contradiction in the near future.

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Futures:

 

Figure 1: The trend of the main contracts of natural rubber futures since 2023

 

In February, rubber futures continued to fluctuate slightly, mainly in the negative direction, and the market remained around 12400-12580.

 

goods in stock:

 

Figure 2: Trend chart of natural rubber spot commodity index in recent 2 months

 

According to the data monitoring of the Business News Agency, the natural rubber commodity index on February 28 was 35.64, which was the same as yesterday, down 64.36% from the highest point of 100.00 (2011-09-01) in the cycle, and up 30.65% from the lowest point of 27.28 on April 2, 2020. (Note: the period refers to April 1, 2019 to now)

 

Figure 3: Weekly K histogram of natural rubber market in the last three months of 2022

 

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Commodity market: The monitoring by the Business News Agency showed that the spot price of domestic standard rubber in the East China market of natural rubber in February 2023 was mainly fluctuating and falling: the market reported 12610 yuan/ton on the 1st and 12020 yuan/ton on the 28th, ending with a monthly drop of 4.68%. The highest price of this month was 12610 yuan/ton on February 1, and the lowest price was 11980 yuan/ton on February 13. The maximum amplitude of this month was 05%. During the annual trough of global natural rubber supply, the annual inventory of downstream product factories is mainly consumed, resulting in sparse procurement. The market transaction is not good, and the market price is mainly negative this month.

 

Industrial factors: At present, the global natural rubber production has been at the annual low point: in foreign production areas, the continuous rainfall in southern Thailand and most parts of Malaysia in the last two months of the year has reduced the production of new rubber, and the main production areas in Vietnam have been in the cutting period this month, and the cutting and production reduction in northeastern and southern Thailand have been stopped; Malaysia and northern Indonesia have entered a period of production reduction, and the global natural latex production has reached an annual low in March. In late February, the demand of China’s downstream latex products enterprises began to recover. First of all, the consumption of stocks prepared before the year began to dominate. The purchase of new orders was small, the market turnover was weak, and the market rebounded from the increase after the Spring Festival. It is expected that the sharp adjustment of the market will be possible when the annual supply is at the lowest level next month and the inventory of product manufacturers is exhausted.

 

macroscopic:

 

Figure 4: Trend of the mainstream international crude oil prices in the last three months of 2022

 

In February, the crude oil market fell first, then rose and then fell, similar to the “W” trend. Among them, the settlement price of the main contract of WTI crude oil futures in the United States was US $78.87/barrel on the 1st, and the settlement price of the main contract of Brent crude oil futures was US $85.46/barrel; On the 27th, international crude oil futures closed lower: the settlement price of the main contract of WTI crude oil futures in the United States was 75.68 dollars/barrel, and the settlement price of the main contract of Brent crude oil futures was 82.04 dollars/barrel. The global economic recession is expected to be superimposed with high oil inventories in the United States to limit the rise of oil prices.

 

Industry hotspot:

 

1. According to the recent report of ANRPC, the global natural rubber production is expected to increase by 2.2% to 14.672 million tons in 2023; In 2023, global natural rubber consumption is expected to decrease by 0.1% to 14.738 million tons. The decline in consumption is mainly due to the uncertainty of the global economy in 2023.

 

2. According to Yunnan report, in order to promote the high-quality development of natural rubber industry in Yunnan Province, the Rural Work Leading Group Office of Yunnan Provincial Party Committee, the Provincial Department of Agriculture and Rural Affairs, and the Provincial Bureau of Agricultural Reclamation recently jointly issued the Three-year Action Implementation Plan for Natural Rubber Industry in Yunnan Province (2022-2024), which made it clear that by 2024, the planting area and output of natural rubber in Yunnan Province will be stabilized at 8.5 million mu and 460000 tons respectively, The output value of the whole industrial chain increased from 18 billion yuan in 2021 to 25 billion yuan.

 

3. According to foreign media reports, an insider said that the increase in rubber production in Bangladesh is helping local tire manufacturers reduce their dependence on imported rubber. It is reported that, according to the data of the Bangladesh Rubber Bureau and producers, 67939 tons of raw rubber were produced in 2022 due to the increase in planting area, an increase of 58% from 43000 tons in 2021.

 

4. According to the data, Vietnam exported 135000 tons of natural rubber and mixed rubber in January 2023, a year-on-year decrease of 30%; Exports to China totaled 107000 tons, down 23% year on year.

 

6. According to the latest data released by the Association of European Automobile Manufacturers (ACEA), the European passenger car market increased by 11.3% to 760041 vehicles in January 2023, opening a new year in a positive way. However, this is mainly due to the exceptionally mild comparative base in 2022, when the trading volume in January reached the lowest level since the record.

 

7. Foreign media reported on the 20th that an insider said that the increase in rubber production in Bangladesh was helping local tire manufacturers reduce their dependence on imported rubber. It is reported that, according to the data of the Bangladesh Rubber Bureau and producers, 67939 tons of raw rubber were produced in 2022 due to the increase in planting area, an increase of 58% from 43000 tons in 2021.

 

8. According to the data, the export volume of natural rubber from C ô te d’Ivoire, the largest natural rubber producer in Africa, was 134452 tons in January 2023, an increase of 14.7% over the same period last year..

 

9. In January 2023, the sales volume of heavy truck market in China was 45000, down 53% year on year. This single month’s sales volume is not only far lower than that of the first year of 2022, but also lower than that of 2019 before the epidemic, which is mainly affected by the high base before the epidemic and the Spring Festival holiday.

 

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10. The Ministry of Commerce said that it would continue to work with relevant departments to stabilize and expand auto consumption, focusing on: first, stabilize new car consumption; (ii) Support the consumption of new energy vehicles and guide all regions to further optimize the use environment of new energy vehicles in various aspects such as license plate, charging and transportation; 3 Continue to expand the circulation of second-hand cars; Fourth, smooth the renewal of automobile scrapping, revise and improve the regulations on the management of automobile scrapping, improve the recycling system of scrapped automobiles, encourage the development of automobile scrapping in places where conditions permit, and promote automobile recycling consumption.

 

11. According to the data, Indonesia’s total export of natural rubber and mixed rubber in 2022 was 2.059 million tons, down 12.3% year on year; Exports to China totaled 174000 tons, down 11.8% year on year.

 

12. According to foreign media reports on February 2, the executive director of the Indian Rubber Commission said that India announced in the federal budget that it would increase the import tax rate of rubber in line with the import tariff of natural rubber, which is expected to make the domestic rubber farmers in the country obtain higher selling prices. The same tariff will help to close the loophole of importing natural rubber disguised as composite rubber to enjoy lower tariffs.

 

13. On February 1, 2023, the Department of Internal Market Protection of the Eurasian Economic Commission issued Announcement No. 2023/350/AD18R2, according to the resolution of the Eurasian Economic Commission No. 14 of January 31, 2023, to make a final anti-circumvention decision on the anti-dumping case of truck tyres originating from China, and to impose an anti-dumping duty of 14.79% to 35.35% determined in the resolution 154 of November 17, 2015 on the truck tyres added with rims and exported with tyres and disc or non-disc rim components, The measures will take effect three months from the date of issuance.

 

14. According to the information of the Passenger Car Federation on February 7, preliminary statistics showed that from January 1 to 31, the retail sales of 1.241 million passenger cars in the passenger car market decreased by 41% year-on-year and 43% year-on-year; Domestic passenger car manufacturers wholesale 1.341 million vehicles, down 38% year-on-year and 40% year-on-year.

 

15. According to the Malaysian Bureau of Statistics on February 7, Malaysia’s total rubber output in 2022 was 377047 tons, down 19.7% from 469669 tons last year..

 

16. According to the statistics and analysis of the China Association of Automobile Manufacturers, the performance of China’s automobile market was flat in January, and the production and sales of automobiles showed a double-digit decline both on a month-on-month basis and on a year-on-year basis. The monthly production and sales were 1.594 million and 1.649 million respectively, down 33.1% and 35.5% month-on-month and 34.3% and 35% year-on-year.

 

Figure 5: Comparison of annual spot market trend of natural rubber in 2021-2023

 

Aftermarket forecast: At present, the global supply is at its lowest point in the recent year. The purchase demand of downstream product enterprises is gradually recovering and is in the pre-year inventory consumption stage. At present, the purchase order of Tianjiao is scarce, the market is weak, and the price of natural latex is declining. It is expected that the supply trough next month coincides with the increase of factory demand and the depletion of inventories, and the natural rubber market will usher in a big adjustment period.

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1、 Price trend

 

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According to the monitoring data of the Business News Agency, the average ex-factory price of domestic ammonium sulfate was 1206 yuan/ton on February 1, and 1116 yuan/ton on February 27. The price of ammonium sulfate fell by 7.46% this month.

 

2、 Market analysis

 

The price of ammonium sulfate fell sharply this month. In the first ten days of February, the bidding price of coking grade ammonium sulfate was increased due to the increase in downstream demand and the low inventory in the site. The operating rate of domestic enterprises increased, the supply of domestic enterprises increased, and the price of domestic ammonium sulfate decreased. Since the middle of February, the downstream demand has weakened, the bidding price of coking grade ammonium sulfate has been significantly reduced, and the domestic grade ammonium sulfate has continued to be weak. The export order of ammonium sulfate was limited this month, and the international market performance was weak. As of February 27, the mainstream ex-factory price of coking grade ammonium sulfate in Shandong was about 1080 yuan/ton, and the mainstream ex-factory price of ammonium sulfate in Hebei was about 1100 yuan/ton. For domestic ammonium sulfate, Shandong’s mainstream ex-factory price is about 1080-1170 yuan/ton.

 

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According to the weekly rise and fall from November 28, 2022 to February 20, 2023, it can be seen that the rise and fall of domestic ammonium sulfate cycle are mixed. February fell a lot, with the largest decline of -5.62% in the week of February 20.

 

3、 Aftermarket forecast

 

Analysts of ammonium sulfate from the Business Agency believe that the domestic market demand for ammonium sulfate has declined recently, the intra-field trading has been weak, and the downstream purchases are mostly at low prices. In addition, the performance of the international market is still weak. It is expected that the market price of ammonium sulfate will continue to decline in the short term.

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According to the data monitored by the Business News Agency, at the beginning of the month, the price of Shanxi’s industrial first class potassium nitrate was quoted at 5875.00 yuan/ton, and at the end of the month, the price of Shanxi’s industrial first class potassium nitrate was quoted at 5960.00 yuan/ton, up 1.45%. The current price fell 5.40% year-on-year.

 

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potassium nitrate

 

The domestic potassium nitrate market fluctuated and consolidated in February. From the figure above, it can be seen that the potassium nitrate market has fluctuated and declined for four consecutive months since 2023, and the market has not fluctuated much this month. The supply of raw potassium chloride is mostly concentrated in the hands of large traders, and the market is limited. The market of potassium nitrate is basically stable. According to the statistics of the business agency, the domestic mainstream manufacturers of potassium nitrate have recently quoted 5700-6100 yuan/ton (for reference only), which varies according to the purchase situation.

 

In February, the quotation of domestic potassium chloride mainstream manufacturers was temporarily stable: the price of 62% white potassium at the port was mostly 3500~3550 yuan/ton. The price of potassium chloride in the port also declined slightly. The price of 62% white potassium in the port rose to 3750 yuan/ton, which was the same as last week; The self-raised price of 60% Dahong granules at the port is about 3875 yuan/ton, down 25 yuan/ton from last week.

 

At present, the price of potash fertilizer market is weak and consolidated, and the cost support is general. It is expected that the price of potassium nitrate will fall mainly in the short term, while the long-term market still needs to wait and see.

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According to the data of the bulk commodity list of the Business News Agency, the market price of formaldehyde in Shandong Province fell sharply in February. The average price of formaldehyde in Shandong Province at the beginning of the month was 1246.67 yuan/ton, and the average price of formaldehyde in Shandong Province at the end of the month was 1233.33 yuan/ton, down 1.07%. The current price fell 3.39% year on year.

 

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formaldehyde

 

In February, the market price of formaldehyde in Shandong fell sharply. From the figure above, it can be seen that formaldehyde has fluctuated slightly in the past three months, and the price of this month has also fluctuated little. As of February 23, the mainstream market price in Shandong was 1170-1280 yuan/ton. In February, after the Spring Festival, the formaldehyde manufacturers started work normally, and the formaldehyde shipments were general. The formaldehyde market rose and fell slightly, and was basically stable.

 

The situation of upstream methanol: the domestic methanol market fluctuated slightly in February, and the coal price remained stable. At present, the supply of coal in the main production areas has been repaired and improved. Under the influence of negative factors such as high inventory in the middle and downstream links, the market demand lacks substantive support. The temporary storage of methanol cost is good. The temporary storage of methanol supply side is good.

 

Recently, the domestic methanol market fluctuated slightly, with good expectations and supported by costs. Therefore, the formaldehyde analyst of the Chemical Branch of the Business Society predicted that the price of formaldehyde in Shandong Province was mainly rising in the near future.

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