1、 Price trend

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.

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.

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.

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.

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.

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.

According to the monitoring of the Business News Agency, the domestic methanol market fluctuated in a narrow range. From February 14 to 21 (as of 15:00 p.m.), the average price of the eastern China port in the domestic methanol market rose from 2691 yuan/ton to 2714 yuan/ton. During the period, the price rose by 0.85%, with a month-on-month increase of 0.90% and a year-on-year increase of 5.00%. The cost coal market is relatively stable, the downstream demand recovers slowly, and the methanol price fluctuates.

As of the close on February 21, methanol futures of Zhengzhou Commodity Exchange rose. The main methanol futures contract 2305 opened at 2578 yuan/ton, with the highest price of 2605 yuan/ton and the lowest price of 2569 yuan/ton, and closed at 2604 yuan/ton at the end of the day, up 35 yuan/ton or 2.20% from the settlement on the previous trading day. The trading volume was 1231861, the positions were 1262368, and the daily positions were increased by 59106.

Summary of methanol market prices by regions as of 2.21:

Region/ Price

Shanxi Province/ 2410-2450 yuan/ton ex-factory

Liaoning region/ About 2550-2600 yuan/ton

Anhui Province/ About 2640-2700 yuan/ton

Henan Province/ 2550 yuan/ton

On the cost side, the coal price is stable. At present, the supply of coal in the main production areas has been improved. Under the influence of negative factors such as high inventory in the middle and lower reaches, the market demand lacks substantive support. The temporary storage of methanol cost is good.

Demand side, downstream acetic acid: Henan Shunda is expected to restart, and the demand for acetic acid may increase; Downstream formaldehyde: Liuyang Jinggang and Lankao Huitong devices are planned to restart, and formaldehyde demand may increase. The temporary storage of methanol is favorable.

On the supply side, Jingmen Yingde and a set of devices in Hebei were overhauled. Jiangyou Wanli, Sichuan Daxing and Yunnan Yuntianhua have been restored. The overall loss was more than the recovery, and the capacity utilization rate fell. The temporary storage of methanol supply side is good.

In the external market, as of the close of February 20, the closing price of CFR Southeast Asia methanol market was 373.5-375.50 US dollars/ton. The US Gulf methanol market is closed; The closing price of FOB Rotterdam methanol market was 336.00-338.00 euros/ton, up 4 euros/ton.

Region/ Country/ Closing price/ Up and down

Asia/ CFR Southeast Asia/ 373.5-375.50 USD/ton./- 1.5 USD/ton

Europe and America/ US Gulf/ /Cents per gallon/ /Min/gal

Europe/ FOB Rotterdam/ 336.00-338.00 euro/ton./4 euro/ton

In the future, with the recovery of Yuntianhua 260000 tons/year and other devices, the supply is relatively abundant, while the coal price is relatively stable, and the cost support is insufficient. Methanol analysts of the business agency predict that the domestic methanol market will be dominated by narrow consolidation.

Price trend

In the middle of February, the domestic POM market continued to operate actively, and the overall price performance rose. According to the data monitoring of the Business News Agency, as of February 20, the average ex-factory price of domestic POM was 14333.33 yuan/ton, and the price level was+2.38% higher than the beginning of the month.

Cause analysis

In terms of raw materials: the formaldehyde market in Shandong Province has been volatile and consolidated recently. The methanol market of raw materials has not fluctuated much recently, and the cost support is not good. The downstream market remains just in need of purchase, and the formaldehyde market is temporarily on the sidelines. It is expected that the price of formaldehyde in Shandong Province will fall mainly in the short term.

Supply: In mid-February, the operating rate of domestic POM enterprises continued to decline at a high level, and the industry load was about 95%. The inventory situation of the enterprise is stable, the inventory position is low, and the processing profit has recovered.

Demand: In terms of demand, there is an atmosphere of speculation in the market due to the tight supply in the near future. In addition to the promotion of the resumption of work and stock preparation of terminal enterprises after the holiday, the current demand is gradually released, which has a driving effect on the spot price.

Aftermarket forecast

The POM market continued to rise in mid-February. The domestic polymerization plant has a high operating rate, low inventory pressure, a tight supply of goods on the site, and an increase in the factory price of domestic materials. The demand side is gradually developing, and it is expected that the downstream enterprises will still have room to expand the scale of resumption of work, and some customers will have upward-seeking operations. It is expected that the POM market will continue to run strongly in the short term due to the support of the supply side.

Price trend

According to the price monitoring of the Business Agency, the price trend of sulfur in East China fell first and then rose this week. The average price of sulfur was 1153.33 yuan/ton on February 17, up 0.58% from 1146.67 yuan/ton on February 11, down 1.42% from the beginning of the month.

The range of sulfur market in East China is sorted out. The domestic refinery units are operating normally, the market supply of goods is stable, the enthusiasm of taking goods from the downstream is not good at the beginning of the week, and the manufacturer’s inventory is sufficient. In order to stimulate the shipment, the sulfur price is reduced, and the downstream procurement is increased at the end of the week, and the enterprise’s shipment is stable. Some manufacturers raise their prices according to their own inventory, and the overall price fluctuation during the week is not large. As of the 17th, the mainstream price of solid sulfur in refineries in Shandong was around 1120-1190 yuan/ton; The mainstream price of liquid sulfur is 1080-1150 yuan/ton.

Downstream market of industrial chain

The downstream sulfuric acid market was dominated by the average price of domestic sulfuric acid at 238.33 yuan/ton as of February 17, up 2.87% from 231.67 yuan/ton at the end of last week. The sulphuric acid plant operates normally, the market supply is stable, the downstream demand is increased compared with the previous period, the market trading atmosphere is improved, and the sulphuric acid enterprises raise their prices according to their own shipments.

The market of monoammonium phosphate rose first and then fell. On February 17, the average market price of 55% powdered monoammonium phosphate was 3320.00 yuan/ton. On February 11, the average market price of 55% powdered monoammonium phosphate was 3317.50 yuan/ton. The market price of monoammonium phosphate increased by 0.08%. Downstream customers are cautious, with general purchasing enthusiasm, few new orders on the market, poor overall trading atmosphere, fluctuating market trading focus, and the weekly market of monoammonium phosphate.

Aftermarket forecast

According to the sulfur analyst of the Business Society, the domestic refinery units operate smoothly, the market supply of goods is stable, the sulfur price is greatly affected by the downstream demand, the terminal phosphate fertilizer market is not performing well, the sulfur market is lack of positive, the refinery is mainly temporarily stable delivery, the operators are wait-and-see attitude, and the short-term sulfur market is expected to operate smoothly, and the follow-up situation of the downstream is specifically concerned.

Acetic anhydride price fell this week

According to the data monitoring of the Business News Agency, as of February 16, the price of acetic anhydride was 5300 yuan/ton, down 2.53% from 5437.50 yuan/ton on February 9. This week, the price of acetic acid fell, the price of raw materials fell, and the price of acetic anhydride fell in shock.

The price of acetic acid fell sharply this week

As can be seen from the chart of acetic acid price trend of the business community, as of February 16, the price of acetic acid was 3266.67 yuan/ton, down 0.86% from the price of acetic anhydride of 3295 yuan/ton on February 9; The price of acetic acid rose by 0.67% from 3245 yuan/ton on February 1. In February, the price of acetic acid rose first and then fell. This week, the price of acetic acid fell, the cost of acetic anhydride fell, and the downward pressure on acetic anhydride increased.

Methanol prices fell first and then rose this week

As can be seen from the methanol price trend chart of the business community, as of February 16, the methanol price was 2715 yuan/ton, up 0.13% from the price of 2711.43 yuan/ton on February 9; Compared with the price of 2780 yuan/ton on February 1, the price fell by 2.34%. In February, the price of methanol fell in shock. This week, the price of methanol fell first and then rose. The downward pressure of acetic anhydride remained.

Future prospects

According to the acetic anhydride data analyst of the Business Agency, the price of acetic acid fell in shock this week, the price of methanol fell first and then rose, and the cost of acetic anhydride fell; The downstream demand of acetic anhydride is insufficient. In the future, the cost of acetic anhydride fell and the demand was poor, and the price of acetic anhydride fell in shock.

The price of acetic anhydride fell on February 14

According to the data monitoring of the Business News Agency, the price of acetic anhydride was 5350 yuan/ton on February 14, down by 0.70% from 5387.50 yuan/ton on February 13. The price of acetic anhydride fell due to weak demand.

Analysis points

The price of acetic acid dropped, the price of methanol fluctuated and stabilized, the cost of raw materials for acetic anhydride decreased, the start of acetic acid enterprises was stable, the supply of acetic acid was stable, and the cost of acetic anhydride was temporarily stable; The sales situation of acetic anhydride is poor, the downstream just needs to purchase, the customer’s purchase intention is general, and wait-and-see is the main reason. The acetic anhydride manufacturer starts at a high level, and the supply of acetic anhydride is sufficient. Acetic anhydride has great downward pressure.

Future prospects

The recent cost decline, weak demand for acetic anhydride and sufficient supply are expected to stabilize the price of acetic anhydride in the future.

Price trend

Recently, the domestic ABS market has been shaken and sorted out. According to the data monitoring of the Business News Agency, as of February 13, the average price of ABS sample products was 12000 yuan/ton, up and down by -0.83% from the average price level at the beginning of the month.

Cause analysis

In terms of raw materials: the recent performance of ABS upstream three materials is generally fair. Among them, the acrylonitrile market fluctuated after rising, the manufacturer’s listing price rose at the beginning of the month, the raw material propylene was supported, the industry started at a low level, and the business offer rose. The demand side gave a general feedback on the supply of goods after the rise this week, but the rise was hindered, mainly by the shock operation.

Recently, the domestic butadiene market has been stagnant. Although the price increase of mainstream manufacturers is obvious, the transmission is not smooth. Downstream synthetic rubber prices declined, terminal demand did not improve significantly, market atmosphere weakened, and price growth narrowed.

The mainstream price of styrene in Shandong has risen recently. The price of crude oil rebounded at the weekend, the cost support was good, and styrene manufacturers actively shipped. Downstream maintain just needed replenishment, and the styrene market is expected to rise in a narrow range in the short term.

In terms of supply: the recent high level of load in ABS industry, the high and stable start of the plant, the weekly output increase, and the ample supply of goods in the site. The factory continued the early destocking operation, the overall inventory position was general, and the supply side supported the spot price generally.

In terms of demand: in the near future, downstream factories including the main terminal appliance industry have prepared goods in a regular manner. The volume of goods in the field before the festival is general, the overall demand tends to be stable, and the goods in the field are normal. Buyers and merchants follow the market after the festival.

Aftermarket forecast

Last week, the trend of ABS upstream three materials was mixed, and the support for ABS cost side was acceptable. The petrochemical plant started at a high level and the supply increased. The demand-side support is poor, the seller’s inventory position is high, and the offer follows the market. It is expected that the ABS market will continue to be weak and volatile in the short term.

1、 Price trend

According to the data monitored by the Business News Agency, the price of PVC carbide SG5 fell this week. The average price of domestic PVC was 6250 yuan/ton last Friday, and the average price was 6153.33 yuan/ton this Friday. The price fell 1.55% in the week.

2、 Market analysis

The domestic spot market price of PVC was reduced this week. At present, the spot market is relatively light, and the enthusiasm of downstream and traders to take goods is not high. The futures price fell today, affecting the confidence of the spot market. In addition, the current performance of real estate data is less than expected, the price of calcium carbide is reduced, and the support of raw materials is limited. The market inquiry is OK, wait and see, and deal with the actual order carefully. Up to now, the domestic price range of PVC5 carbide is mostly around 5850-6350 yuan/ton.

In terms of crude oil, international crude oil futures closed slightly lower on February 9. The settlement price of the main contract of US WTI crude oil futures was 78.06 US dollars/barrel, down 0.41 US dollars or 0.5%. The settlement price of the main contract of Brent crude oil futures was US $84.50/barrel, down US $0.59 or 0.7%.

In terms of calcium carbide, according to the data monitored by the Business Society, the average price of calcium carbide was 3783.33 yuan/ton last Friday, and 3683.33 yuan/ton this Friday. The price fell 2.64% in the week. The price of calcium carbide manufacturers fell this week. The price of upstream blue charcoal fell slightly, the cost support was insufficient, the downstream PVC market fell slightly, and the demand for calcium carbide weakened.

3、 Aftermarket forecast

PVC analysts from the Business News Agency believe that the spot price of PVC fell this week. At present, the demand of PVC spot market is general. The real estate data has not improved. Downstream enterprises are more wait-and-see, the actual transaction is limited, and the market trading atmosphere is general. It is expected that in the short term, the PVC market will still fluctuate and operate, and pay close attention to the changes in the news.