After the festival, DBP prices rose in shock

According to the data monitoring of the business community, after the festival, DBP changed from a weak trend, and DBP prices rose sharply. As of October 14, the DBP price was 10066.67 yuan/ton, up 5.96% from 9500 yuan/ton on October 1 at the beginning of the month. After the festival, the price of raw materials rose sharply, and the accumulated post festival replenishment was more, and the DBP price rose sharply.

The price of raw material phthalic anhydride rose sharply after the festival

According to the price monitoring of the business community, the price of phthalic anhydride was 10637.50 yuan/ton as of October 14, up 3.28% from 10300 yuan/ton on October 1 at the beginning of the month. After the festival, phthalic anhydride enterprises had a lot of maintenance. The price of ortho benzene rose sharply. The supply of phthalic anhydride was tight, and the cost was supported. After the festival, there was a lot of replenishment. The price of phthalic anhydride hit a new high again. The cost of DBP raw materials rose, and the momentum for the rise of DBP in the future market increased.

The price of n-butanol, a raw material, fell after a sharp rise

According to the price monitoring of the business community, after the National Day, the price of n-butanol rose sharply and then fell slightly, and the overall n-butanol market rose sharply. As of October 14, the price of n-butanol was 7500 yuan/ton, up 12.50% from 6666.67 yuan/ton on October 1 at the beginning of the month. After the festival, the n-butanol manufacturer stopped production due to equipment maintenance, and the enterprise’s inventory was low. Downstream customers made more replenishment after the festival. The multiple advantages stimulated the price of n-butanol to soar. With the end of replenishment, the support for the rise of n-butanol weakened, and the price of n-butanol fell slightly. In general, the price of n-butanol rose sharply, the cost of DBP rose, and the momentum for DBP to rise was strong.

Future market expectation

According to DBP data analysts of the Business Club, due to the impact of holiday replenishment and factory maintenance, the prices of phthalic anhydride and n-butanol rose sharply after the festival, the prices of raw materials rose, the cost of plasticizer DBP rose, and the DBP price rose significantly. In the future, the price of phthalic anhydride will become stable, the price of n-butanol will fall back from its high level, the cost of plasticizer DBP will fall, and the rising support of DBP will weaken the downward pressure. It is expected that the price of DBP in the future will be weak and fluctuated.

The domestic BDO market is mainly on the sidelines. Although the manufacturers have a strong intention to set prices, and the published auction prices are mostly high and stable, the market price has a slight upward trend in the middle and late weeks, and the range is not about 200 yuan/ton. However, the downstream receiving intention is not strong, and it is difficult to make a deal at high prices. The buying and selling atmosphere is light.

According to the sample data monitored by the business community, from October 8 to 13, the average price of domestic BDO manufacturers at the beginning and end of the week remained at 14600 yuan/ton, with a month on month increase of 33.79% and a year-on-year decrease of 52.33%. In terms of market price, 14200-14700 yuan/ton was negotiated by the mainstream of spot apron in South China; 15000-16000 yuan/ton (delivered by acceptance); In East China, the spot apron mainstream negotiation is 14200-14500 yuan/ton; The barreled goods are negotiated for 15000-16000 yuan/ton (delivered by acceptance).

In terms of upstream raw materials, raw material calcium carbide: the domestic calcium carbide market is stable and small, road transportation is blocked, and the enterprise’s shipping speed slows down, but the downstream waiting for unloading is low, procurement is active, and the lack of regional arrival affects the downstream commencement. In the short term, the domestic calcium carbide market is expected to rise.

In terms of methanol, the business community monitored that the price of domestic methanol in East China ports fell after the festival, which was 3246 yuan/ton at the beginning of the week and 2850 yuan/ton as of October 13. The price fell by 12.22% during the cycle. At present, the domestic methanol market is weak. BDO cost support is average.

In terms of downstream products, the main downstream PTMEG spandex industry mainly digested inventory, and the market did not fluctuate significantly; Other downstream companies have also followed up with contracts, while the spot market has weakened, restraining the trend of BDO market to some extent.

The manufacturer’s intention to support the market continued, the downstream just needed orders to follow up, and the high price delivery and investment were blocked. The market lacks the guidance of obvious positive factors. Business agency BDO analysts expect that the domestic BDO market will be dominated by shocks.

In October, the domestic market price of phthalic anhydride by phthalic acid method continued to rise,Up to now, the quotation of phthalic anhydride by o-phthalic method is 10500 yuan/ton, rising 1.94% in the three days after the festival, mainly due to the tight supply and cost support. The phthalic anhydride market continues to rise, and the price of phthalic anhydride reaches an eight year high .

Supply side: the spot supply of phthalic anhydride plant maintenance is tight

Recently, the supply of phthalic anhydride on the site is very tight. Some domestic devices have been overhauled. The 120000 ton phthalic anhydride device in Tongling, Anhui Province has been overhauled and no goods have been sold. The 100000 ton phthalic anhydride device of Xinyang Group has not been started. Affected by the overhaul device, the domestic phthalic anhydride operating rate has remained below 50%. The domestic spot supply of phthalic anhydride is very tight. The price of phthalic anhydride on the site continues to rise, reaching an eight year high, The market price of phthalic anhydride in East China is 10500-10600 yuan/ton, and the market price of phthalic anhydride in North China is 10400-10500 yuan/ton.

Cost end: the price of ortho benzene rises sharply

The price of domestic ortho benzene rose sharply. As of October 10, the price of ortho benzene was 9600 yuan/ton, up 6.67% in October. According to the manufacturer’s response, the supply of raw materials ortho benzene is tight in the near future, ortho benzene manufacturers are not enough to start construction, the factory has been shut down for maintenance, and phthalic anhydride manufacturers are hard to find supplies. The 160000 t/a ortho benzene unit of Zhenhai Refining and Chemical Co., Ltd. began to reduce the load gradually at the end of August, and the maintenance is expected to last for 3 months; Fuhaichuang 240000 t/a o-benzene plant has been shut down since the end of June; The 40000 t/a phthalic acid plant of Luoyang Petrochemical stopped production. In addition, the import volume of phthalic acid is not large, and the inventory of main ports has dropped to 8000 tons. The supply of phthalic acid is tight, which restricts the production of phthalic anhydride manufacturers. In addition, the price of phthalic acid has risen significantly. Supported by the cost positive factors, the phthalic anhydride market continues to rise.

Demand side: the higher DOP market demand is guaranteed

The downstream DOP market price trend of phthalic anhydride is rising. At present, the domestic DOP price is 10440 yuan/ton. The domestic DOP enterprises have started to work steadily, and the demand for phthalic anhydride is guaranteed. The mainstream DOP price is 10400-10600 yuan/ton. The rising downstream market is a good support for the phthalic anhydride market, and the phthalic anhydride price continues to rise.

In the future, the port’s ortho xylene inventory is low in the near future, the domestic ortho xylene manufacturers have carried out more maintenance, and the short-term supply of ortho xylene continues to be tight. In addition, the downstream plasticizer industry has gradually entered the peak sales season, and the actual demand has increased compared with the previous one. In addition, the supply of phthalic anhydride is tight, so there are still positive factors, and the market price of phthalic anhydride may rise slightly in the later period.

On September 29, the commodity index of hydrogenated benzene was 87.93, down 0.37 points from yesterday, down 18.71% from the highest point of 108.17 (2022-06-15) in the cycle, and up 193.20% from the lowest point of 29.99 on April 7, 2020. (Note: the cycle refers to 2013-12-01 to now).

Crude oil: In September, crude oil continued to play a long short game, with strong negative market conditions and wide price shocks. The increase in interest rates in Europe and the United States has raised the market’s concern about economic recession and the pressure on crude oil demand, putting pressure on oil prices; However, European winter energy supply risks remain, supporting oil prices. As of September 28, Brent fell by 7.17 dollars/barrel, or 7.43%; WTI fell 7.4 dollars/barrel, or 8.26%.

Macroscopically, the continuous strengthening of the US dollar has put pressure on oil prices. In addition, the risk of economic recession is aggravated by the sharp interest rate increase of the global central bank, which then depresses the fuel demand. In addition, as the refinery entered the autumn overhaul period, the decline in operating rate led to the accumulation of crude oil, and many factors triggered a panic decline in the oil market.

Summary of Sinopec Pure Benzene Price Adjustment (Unit: yuan/ton)

Date., Adjusted Price., Adjusted Amount

September 6., 7750.,+150

September 20., 7850.,+100

In September 2022, Sinopec raised the ex factory price of pure benzene twice, with a cumulative increase of 250 yuan/ton. As of the 30th, 7850 yuan/ton had been implemented.

Other enterprises: Jingbo Petrochemical quoted 7980 yuan/ton, HSBC Petrochemical quoted 7950 yuan/ton, Weilian Chemical quoted 7953 yuan/ton, Xinhai Petrochemical quoted 7950 yuan/ton, Hongrun Petrochemical quoted 8050 yuan/ton.

In September 2022, the market of hydrogenated benzene rose first and then fell. The ex factory price in North China was 7633.33 yuan/ton at the beginning of the month and 7900 yuan/ton at the end of the month, with a monthly increase of 3.49%.

Market price of domestic main hydrogenated benzene in September (unit: yuan/ton)

Market, price on August 30, price on September 30, up and down

East China, 7550 ～ 7650, 7900 ～ 8000,+350

Shandong, 7600 ～ 7700., 7700 ～ 7800.,+100

Looking at the trend chart in September, it can be found that the industrial chain was in an upward trend in most of the whole September, with only the price falling at the end of the month. In the middle and first ten days of the month, supported by the double positive effects of crude oil and styrene, pure benzene price shocks acted as the main driver, driving the overall industry chain to improve. The price of hydrogenated benzene in the upstream of crude benzene rose along with that of pure benzene, and the bidding price of crude benzene was continuously raised due to the boost. After entering the middle and late ten days, the crude oil market fell broadly, and the cost support began to weaken. In terms of downstream trend, styrene rose broadly in September and then fell back, while most other commodities rose in price. There was a general demand for goods in the downstream near the small and long holidays. The market procurement was active, and the improvement of the demand side drove pure benzene higher. As the price of pure benzene continues to rise, the market is increasingly afraid of high spirits. After the decline of both styrene and crude oil, the strength of pure benzene support falls back and the price drops. In terms of ports, the inventory of pure benzene at East China ports rose to 64600 tons at the beginning of the month. Later, affected by typhoon weather, the import cargo ships were delayed, and the inventory at the end of the month again fell to a low level. Near the end of the month, the bad news from crude oil and styrene dominated, while the downstream stock preparation was basically ended, the market transaction weakened, and the price fell.

In the future market, crude oil rose at the end of the month. In terms of pure benzene inventory, the port may continue to accumulate stock in the near future. The downstream performance is fair in the near future. There is an expectation that new capacity will be put into production in the downstream. In general, the fundamental support remains. It is expected that after the festival, the price will be stable, moderate and strong. We will continue to pay attention to the impact of international crude oil situation, external market, pure benzene and downstream device dynamics, demand changes, etc. on the trend of the industrial chain.

From September 1 to September 30, 2022, the domestic coal tar production price will rise as a whole, with the price at the beginning of the month at 5915 yuan/ton, and at the end of the month at 6272.5 yuan/ton, with a monthly increase of 6.04%.

On September 29, the coal tar (high temperature) commodity index was 216.29, down 2.24 points from yesterday, down 1.03% from the cycle’s highest point of 218.53 (2022-09-28), and up 358.73% from the lowest point of 47.15 on December 6, 2015. (Note: the cycle refers to 2011-09-01 to now).

Changes of coal tar in Shanxi Province according to the bidding price this month (unit: yuan/ton)

Region, price on August 26, price on September 29, monthly rise and fall

Linfen., 5780., 6320.,+540

Lv Liang., 5700., 6270.,+570

Taiyuan., 5650., 6250.,+600

In September 2022, the bidding price of tar in Shanxi will rise as a whole. The bidding price in Shanxi will rise significantly, and the demand of downstream deep processing industry will improve. In particular, the price of industrial naphthalene and coal tar pitch will rise significantly, and the increase in raw material price will be highly accepted.

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the monthly coal tar K column chart above that since January 2022, the coal tar market has risen for six consecutive months, only slightly declined in May, and the price remained stable in February. The weekly K column chart shows that the coal tar market has risen for 12 consecutive weeks, and the price has hit record highs for many times.

In September, the price of coal chemical deep processing market continued to rise, but the price of maleic anhydride remained temporarily stable, and most products increased significantly. Downstream commodities performed well, with high acceptance of raw tar price rise. Driven by downstream demand, tar prices continued to rise. In terms of operating rate, the operating rate of deep processing industry in September was maintained at about 50%, no significant change compared with the same period last month.

In September, the price of coal tar hit record highs for many times. Affected by profits, coking enterprises in terms of supply continuously pushed up the price of by-products this month. With the expected increase of production restriction of coking enterprises in October, by-products will face a shortage of supply at that time. The price of the downstream deep processing industry continued to rise this month, and the profit of the enterprise was fair, so the ability to accept the high price of raw tar was strong. However, with the continuous rise of tar, the downstream was more afraid of high prices. At the end of September, the downstream had a mentality of holding down the price, and tar prices in some regions slightly corrected. As of September 29, the mainstream price of coal tar in Shandong was 6060-6130 yuan/ton, Shanxi was 6180-6320 yuan/ton, and Hebei was 6000-6050 yuan/ton. The price in major domestic production areas has exceeded the 6000 yuan mark.

In the future market, affected by comprehensive factors in October, the operating rate of coking enterprises will decline, and the heating season will follow. At that time, the operating rate of coking enterprises will be low as a whole. Boosted by the rise in the price of raw coking coal, the coking enterprises have a strong attitude of price support in the near future, and the tar supply may become tense. Although the downstream deep processing industry also has the expectation of limited production, it still supports the demand for raw materials. From a comprehensive perspective, the business community expects that the tar market will still be supported in the short term and will remain at a high level. It is necessary to focus on the profit of downstream deep processing industry and the commencement of coking enterprises.

Related information:

According to the data of the National Bureau of Statistics, in August 2022, China’s coke output will be 39.11 million tons, a year-on-year decrease of 2.5%, 1.5 percentage points higher than that in July, and an increase of 310000 tons or 0.80% month on month. The average daily output in August will be 1.2616 million tons, an increase of 10000 tons or 0.8% compared with 1.2516 million tons in July, but still lower than the average daily output in the first seven months of this year.

From January to August 2022, the national coke output was 318.22 million tons, down 1.1% year on year, 1.3 percentage points less than that from January to July. The cumulative output from January to August was 477.33 million tons annually, higher than the level of 464.46 million tons in the whole year of 2021.

According to the data monitoring of the business community, the polyaluminum chloride commodity index on September 29 was 110.47, unchanged from yesterday, 22.55% lower than the peak of 142.64 points (2021-11-01) in the cycle, and 31.01% higher than the lowest point of 84.32 points on August 18, 2020. (Note: Period refers to April 1, 2019 to now)

According to the monitoring data of the business community, the domestic market of solid (industrial grade, content ≥ 28%) polyaluminum chloride rose first and then fell in September. The market reported 2095 yuan/ton on the first day, 2043.75 yuan/ton on the 29th, with a slight monthly decrease of 2.45%. Among them, the highest price of this month was 2131.25 yuan/ton on September 7, and the lowest price was 2027.5 yuan/ton on September 20, with a maximum monthly amplitude of 4.87%. Since September, affected by the rising cost of raw materials and energy, in the first ten days of this year, manufacturers have offered one price a day or one price for one product. The market is bullish, and the prices of enterprises with tight supply have risen by tens to hundreds of yuan. However, the actual transaction prices of manufacturers with large inventories have increased only limited, and the external quotations are also relatively moderate; In the middle and late ten days, the factory started work normally, the inventory was sufficient, the driving role of raw material factors was weakened, and the market fell back. At the beginning of this month, this round of upward market of polyaluminum chloride had temporarily ended. Due to the restriction of some logistics vehicles during the National Day, the difficulty in finding vehicles and the increase of transportation costs have a certain impact on the market of polyaluminum chloride. With the arrival of the National Day holiday, the procurement is flat, and the market is expected to continue to be stable in the future.

Raw hydrochloric acid: In September, the domestic hydrochloric acid market generally rose. The price of hydrochloric acid fell from 163.33 yuan/ton on September 1 to 153.3 yuan/ton on September 10, a decline of 6.12%. Later, it rose to 166.67 yuan/ton on September 24, up 8.70%. The price at the end of the month fell 43.27% year-on-year. Judging from the manufacturer’s quotation, the domestic hydrochloric acid market rose and fell with each other this month, and the downstream demand was average. From the perspective of upstream and downstream industrial chains, the upstream liquid chlorine market has risen sharply, providing good support for hydrochloric acid; The downstream market is less supportive, and the downstream manufacturers are less active in purchasing hydrochloric acid. According to the analysis, the recent market of hydrochloric acid may fluctuate slightly.

LNG for production. According to the data of the business community, the market of LNG in September was volatile and rising, and the overall trend was positive: the average price of domestic LNG on the 29th was 7176 yuan/ton, up 1284 yuan/ton or 21.79% from 5892 yuan/ton at the beginning of the month, and up 14.09% from the same period last year. Among them, the highest price in this month is 7176 yuan/ton at the end of the month, and the lowest price is 5892 yuan/ton on the first day. The market situation in this month is basically going all the way. At present, it is near the National Day holiday, and a large number of goods are replenished downstream due to transportation considerations. There was a strong buying atmosphere on the floor, and the rising trend continued. With the maintenance of the Sino Russian pipeline, the on-site supply is reduced. It is expected that the domestic LNG price trend will continue to rise in the short term.

Future forecast: the supply and demand level is relatively stable, the limited transportation market during the National Day holiday is flat, and the polyaluminum chloride market is expected to continue to be stable, moderate and small after the festival.

1、 Price data

According to the data of the business society, the average price of 180CST of domestic fuel oil as of September 28 was 6550.00 yuan/ton, down 0.15% from 6560.00 yuan/ton at the beginning of the month.

On September 28, the fuel oil commodity index was 132.66, down 0.61 points from yesterday, 2.24% from the peak of 135.70 (2022-06-21) in the cycle, and 187.89% from the lowest point of 46.08 on August 15, 2016. (Note: Period refers to 2011-09-01 to now)

2、 Analysis of influencing factors

This month, the price of domestic 180CST fuel oil rose first and then fell. At the end of the month, the price of domestic marine oil raw materials fell, and the cost support of 180CST fuel oil was limited. According to the business community, as of September 28, the self raised low sulfur price of 180cst fuel oil in the Zhoushan area was 6550 yuan/ton, and the self raised low sulfur price of 120cst fuel oil was 6650 yuan/ton; The price of 180cst self raised low sulfur of fuel oil in CNGC Shanghai is 6550 yuan/ton, and the price of 120cst self raised low sulfur of fuel oil is 6650 yuan/ton.

In September, the trend of international crude oil prices was volatile and downward. The decline of crude oil prices was mainly due to the trade-off between the supply risk of Russian oil and the concern about economic recession caused by the Federal Reserve leading the global central bank to raise interest rates. The US strategic oil reserves fell continuously, hitting a 38 year low. OPEC+, an oil producing country, will increasingly demand for reducing inventory and increasing oil prices, and its idle capacity has been very limited, so it will be very difficult to increase production in the later period. Moreover, Western sanctions against Russia are still escalating, the effective period of the oil shipping ban is getting closer and closer, and the supply side is still on the high side in the near future.

Singapore’s fuel oil inventory decreased, supporting fuel oil prices. It is reported that the Singapore Enterprise Development Board (ESG): As of the week of September 28, Singapore’s fuel oil depot had dropped by 1.069 million barrels to a two-week low of 22.331 million barrels.

3、 Future market forecast

In September, the international crude oil price fell in shock, and the domestic raw material price fell, which was bad for the domestic ship fuel market; Before the festival, the downstream of the ship fuel market has been stocking up. At present, the ship fuel market has a strong wait-and-see mood, and it mainly needs to purchase. At present, the 180CST low sulfur market price of fuel oil is about 6500-6700 yuan/ton, and the 120CST low sulfur market price of fuel oil is about 6600-6800 yuan/ton. It is expected that the 180CST market of fuel oil will be dominated in the near future.

1、 Price summary on September 27:

Shijiazhuang Refining&Chemical Co., Ltd. offered 7650 yuan/ton, Qilu Petrochemical Co., Ltd. offered 7600 yuan/ton,

Yangba quoted 7800 yuan/ton,

Guangzhou Petrochemical offered 7650 yuan/ton, Maoming Petrochemical offered 7600 yuan/ton,

Changling Refining&Chemical Co., Ltd. quoted 7750 yuan/ton,

2、 Fluctuation trend:

3、 Analysis and comments:

In terms of crude oil, the OPEC+meeting is coming, and the market expects that the meeting policy may be aimed at reducing supply; Before the arrival of Hurricane Ian, the supply in the US Gulf region was limited, and international oil prices rebounded yesterday.

Today, Sinopec lowered toluene by 100 yuan/ton in East China.

Crude oil rebounded and gasoline rose slightly, which was good for the toluene market. However, the market negotiation was weak, and the price of toluene in Sinopec East China was lowered, so the operators were cautious.

According to the data of the block list of business cooperatives, as of September 27, the average price quoted by formic acid enterprises was 3500.00 yuan/ton, down 4.55% compared with the price at the beginning of the month, 16.67% year-on-year in a three-month cycle, and 55.70% year-on-year.

In September, after the domestic industrial grade 85% formic acid market rose slightly at the beginning of the month, the enterprise quotation was mainly stable, and the high-end price of some enterprises was loose. In the first ten days of this year, the price of upstream raw materials rose and fell with each other, and the cost support was average. Mainstream production enterprises started at a low level. The main downstream formate market followed up and improved, and the improvement in supply and demand supported a small rise in the price of formic acid. In the middle of the year, the impact of cost is small, the enterprise’s shipment is fair, and the demand of Jinjiuyinshi is less than expected. The downstream pharmaceutical, rubber, leather, pesticide and other industries purchase on demand. The overall market price is stable, and some enterprises’ high-end prices are loose. In the last ten days, the cost has little impact. Downstream goods are prepared in an orderly manner as required. The market has no obvious fluctuations. The focus of negotiation is stable.

In terms of cost: upstream caustic soda, the price of caustic soda on the 27th was supported by a positive trend, while downstream demand was good due to the preparation of goods before the festival, and it was expected that the trend would be better in the later period; Upstream liquid ammonia, on the 26th, the market of liquid ammonia in Shandong was light and stable, and the market was deadlocked; For upstream sulfuric acid, the domestic sulfuric acid market price was temporarily stable on September 27; On September 26, the reference price of upstream methanol was 2740.00, an increase of 8.39% compared with September 1 (2528.00).

The formic acid analysts of the business community believe that the current cost side has some support. The supply and demand side mainly purchases on demand, and the market stock is orderly. It is expected that in the short term, the domestic industrial grade 85% formic acid market will be mainly stable, and more attention should be paid to the market news guidance.

1、 Price trend

According to the bulk list data of business cooperatives, the average price of 55% powdered monoammonium in Sichuan on September 19 was 3100 yuan/ton, and the average price of 55% powdered monoammonium in Sichuan on September 26 was 3116 yuan/ton. The market price of monoammonium phosphate rose 0.54% this week.

According to the data from the bulk list of business cooperatives, the average price of 64% of diammonium phosphate in the Yunnan Guizhou region was 3966 yuan/ton on September 19, and 3983 yuan/ton on September 26. The market price of diammonium phosphate rose 0.42% this week.

2、 Market analysis

Ammonium phosphate inquiry increased this week, and the market demand was running well. The price of raw sulfur has been raised and the cost support is good. The demand of downstream compound fertilizer enterprises followed up, and the domestic monoammonium phosphate rose steadily. The domestic diammonium phosphate market has a good turnover, with downstream procurement on demand, and new orders have increased. As of September 26, 55% of the factory price of powdered monoammonium in Hubei was 2850-2950 yuan/ton, 55% in Sichuan was 2850-3500 yuan/ton, and 73% in Sichuan was 6150 yuan/ton. The ex factory quotation of 64% diammonium in Hubei is 3700-3800 yuan/ton, the quotation of 64% diammonium in Yunnan is about 4000 yuan/ton, and the quotation of 64% diammonium in Guizhou is about 3800 yuan/ton. The actual transaction is negotiated.

In terms of raw sulfur, the price of sulfur in East China rose this week, with an average price of 1323.33 yuan/ton on September 26. The sulfur price of refinery enterprises in Shandong Province has been raised. The mainstream price of solid sulfur is about 1250-1470 yuan/ton, with an increase of 50 yuan/ton; The mainstream price of liquid sulfur is 1250-1430 yuan/ton, and the price is increased by 50-100 yuan/ton, subject to the actual transaction price. On the downstream side, the sulphuric acid market was consolidated and operated. The price in some regions was raised. The ammonium phosphate market was mainly stable. The downstream purchasing enthusiasm was good, and the demand for sulfur procurement increased. The price of refineries in Shandong Province was raised. The surrounding sulphuric acid manufacturers were active in purchasing, and the enterprise shipments were smooth. In addition, the price in the port market was rising, which boosted the industry’s mentality, and the sulfur market was consolidated.

In terms of raw phosphorus ore, the domestic market for medium and high-end grade phosphorus ore continued to operate steadily this week. As of September 26, the reference price of phosphate rock was 1064.00. The site is generally quiet, with little change in information. At present, the supply side is still tight, and the supply side continues to provide high support for the market. From the demand side, the low commencement of downstream phosphate fertilizer has brought some concern to the market.

3、 Future market forecast

Ammonium phosphate analysts from the business community believe that the recent market for ammonium phosphate raw materials is good and the cost support is favorable. The fertilizer market began to start in autumn, the downstream demand increased, and the trading and investment in the market increased. It is expected that in the short term, the market price of ammonium phosphate will be mainly adjusted and operated in a narrow range.