According to the data monitored by the business community, as of February 28, the comprehensive price of PC market was 22050.00 yuan / ton. The price of PC this month was mainly stable. Compared with the same period last month, the price had not changed. The negotiation atmosphere was general, the downstream just needed to purchase, and the overall market operated stably and weakly.

In the first ten days of February, the overall domestic PC market mainly operated stably, with a strong wait-and-see atmosphere, lack of demand follow-up, strong wait-and-see atmosphere and general favorable support. The mainstream price is about 22000 yuan / ton, and the overall quotation is stable. At present, the supply side is normal, the logistics is smooth, the unit operating rate is positive, and the manufacturer’s willingness to ship is positive.

Upstream bisphenol A: the market is weak, the reference price is 18400-18500 yuan / ton, the focus of negotiation is low, the wait-and-see atmosphere is strong, and the transaction market is cold. On January 6, the bisphenol a commodity index was 173.13, unchanged from yesterday, down 38.86% from the highest point of 283.19 in the cycle (2021-04-16), and up 140.16% from the lowest point of 72.09 on April 6, 2020. (Note: the period refers to the period from March 1, 2020 to now).

In mid February, the overall domestic PC market was dominated by strong operation, the price rose slightly, the wait-and-see atmosphere remained, the favorable support was general, the mainstream price was about 22150 yuan / ton, the overall market quotation rose narrowly, the supply side was normal, the operating rate was normal, the logistics was smooth, and the manufacturer’s willingness to ship was positive.

Upstream bisphenol A: around 17900-18100 yuan / ton, the overall market has warmed up, the downstream just needs to purchase, and the follow-up atmosphere is general.

The rubber and plastic commodity index rose 45.55 points from the lowest point of 10603-13 in 2020, down from the highest point of 760.08-14 in 2012. (Note: the period refers to the period from December 1, 2011 to now)

In late February, the overall domestic PC market was dominated by strong operation, with strong wait-and-see atmosphere, lack of demand follow-up, strong wait-and-see atmosphere and general favorable support. The mainstream price was about 22150 yuan / ton, and the overall quotation was stable. At present, the supply side is normal, the logistics is smooth, the unit operating rate is normal, and the manufacturer’s willingness to ship goods is positive.

Rubber and plastic commodity index: on February 27, the rubber and plastic index was 773 points, unchanged from yesterday, down 27.08% from the highest point 1060 points in the cycle (2012-03-14), and up 46.40% from the lowest point 528 points on April 6, 2020. (Note: the period refers to the period from December 1, 2011 to now)

According to the PC analyst of business society, the PC market is expected to run smoothly in March.

On the 25th, aluminum prices operated smoothly

According to the data of business agency, the average market price of domestic aluminum ingots in East China on February 25 was 22830 yuan / ton, up 0.54% per day, up 5.73% from the average market price of 21593.33 yuan / ton at the beginning of the month (2.1); Compared with the average market price of 20370 yuan / ton in early January (January 1), it increased by 12.08%.

Based on the peak value in 2021 (October 19, 2021), the average market price of aluminum ingot is 24240 yuan / ton, which has fallen by 5.82% from the peak value recently. Starting from the recent recovery (December 13, 2021), the average market price of aluminum ingot is 18693.33 yuan / ton, up 22.13% recently.

List of upstream and downstream inventory data

Raw material side: on February 25, China’s alumina port inventory totaled 398000 tons, down 20000 tons from last week. Including 60000 tons in Qingdao port, 220000 tons in Bayuquan, 72000 tons in Panjin Port, 38000 tons in Jinzhou port, 8000 tons in Qinzhou port, and no spot inventory in Lianyungang, Fangcheng port, Rizhao Port, Longkou port and Caofeidian.

As of the 24th, the social inventory of aluminum ingots in the mainstream market was 1118000 tons, and 15000 tons were accumulated in the week. In terms of inventory in the plant area, it has decreased on the whole, and it is in the state of de stocking on the whole within the week. At present, the manufacturer’s shipment pressure is relatively small.

market conditions

In the downstream market, at present, the price of aluminum ingots is relatively high, and there is little willingness to hoard goods in the downstream. In terms of outbound volume, except for a small month on month increase in Chongqing this week, Wuxi’s outbound volume decreased due to epidemic factors; The outbound volume in Foshan, Changzhou and Gongyi areas decreased; The ex warehouse volume in Shanghai, Hangzhou, Tianjin and Shenyang changed little month on month.

Future judgment

At present, the aluminum price is close to 23000 points again. At present, the impact of the Russian Ukrainian situation on the price of non-ferrous aluminum is released in advance in the early stage, and the recent response is flat. It is rumored that Western sanctions will not affect Russian aluminum exports; However, the approval process of beixi-2 has stalled, and the European energy problem is difficult to solve in the short term, which supports the high operation of overseas aluminum prices. Domestically, due to the epidemic situation in Baise, the domestic production capacity is expected to decline by about 0.44% in February compared with that in January. In the short term, aluminum prices will remain high.

1、 Price trend

According to commodity data monitoring, isopropanol prices fell this week. The average price of isopropanol in China last Thursday was 7500 yuan / ton, and the average price on Thursday was 7333.33 yuan / ton. The price rose by 2.05% during the week.

2、 Market analysis

Figure: comparison chart of price trend of acetone and isopropanol from November to January

The focus of domestic isopropanol market this week is down. The overall market trading atmosphere is relatively cold, traders have a strong wait-and-see mood and lack of confidence. Up to now, most of the quotations of isopropanol in Shandong are about 7000-7300 yuan / ton; Most of the quotation range of Jiangsu isopropanol is about 7200-7500 yuan / ton; The quotation range of isopropanol in Zhejiang is around 7200 yuan / ton. Internationally, on February 15, the isopropanol market in the United States closed stable and the isopropanol market in Europe closed basically stable.

In terms of raw material acetone, the market price of acetone was basically stable this week. There is little change in the fundamentals of the site, and the cargo carriers are strong in shipping. According to the commodity data monitoring, the average price of acetone is 6000 yuan / ton so far. The business agency expects the market to run smoothly in the short term.

As for raw propylene, as of the 24th, after another decline in the domestic propylene price, the market began to stop falling and rebound. Among them, propylene (Shandong) rose to 8050-8100 yuan / ton, with the price rising by 0.84% compared with the 23rd. On the one hand, the price of crude oil is rising and the cost pressure is increasing; On the other hand, the downstream returned to normal, the terminal procurement continued to follow up, and the price rose with the trend. It is expected that the propylene price will rise slightly in the short-term future.

3、 Future forecast

The isopropanol analyst of the chemical branch of business society believes that the domestic isopropanol market demand is relatively light. The price of acetone was relatively stable, the price of propylene rebounded, and the support of raw materials for isopropanol was acceptable. The price of isopropanol is expected to be stable in the short term.

1、 Price trend

According to commodity data monitoring, titanium dioxide prices remained stable this week. The average price of titanium dioxide in China is 20800 yuan / ton.

2、 Market analysis

The titanium dioxide market is basically stable this week. At present, the titanium dioxide market is still dominated by export, and manufacturers mainly issue early orders. The trading situation in the domestic market is acceptable. Traders are more cautious in taking goods, wait-and-see, and purchase more on demand in the downstream. The price remains stable. Up to now, the factory quotation including tax of domestic rutile titanium dioxide is 20000-21600 yuan / ton; The ex factory quotation of anatase titanium dioxide including tax is between 18000-19500 yuan / ton. The actual transaction price is subject to single negotiation.

The price of titanium concentrate in Panxi area was basically stable this week. The market situation of titanium ore is good, the supply of goods in China mineral market is tight, and the inventory is low. The downstream titanium dioxide enterprise market mainly purchases on demand. At present, the titanium ore market is more wait-and-see, manufacturers send more early orders, and the overall market is dominated by high-level operation. Up to now, the tax free quotation of 38 grade titanium ore is about 1550 yuan / ton, that of 46 grade 10 titanium ore is about 2350-2420 yuan / ton, and that of 47 grade 20 ore is about 2450-2500 yuan / ton. In the short term, the price of Panxi titanium concentrate will continue to be high and firm, and the actual transaction price will be negotiated.

In terms of sulfuric acid, up to now, the average price of domestic sulfuric acid is 793.33 yuan / ton. This week, the domestic sulfuric acid market price is relatively stable, the upstream sulfur market has increased slightly recently, the cost support is good, some sulfuric acid manufacturers have insufficient operation, the load is reduced, the downstream formic acid and bromine market prices have stopped falling and rebounded, and the downstream procurement enthusiasm has been strengthened.

3、 Future forecast

Titanium dioxide analysts of business society believe that at present, the stable operation of titanium dioxide market is the main factor. In terms of raw materials, the price of titanium concentrate is relatively strong and upward, the market of sulfuric acid is relatively stable, and the cost support is acceptable. It is expected that the titanium dioxide market will mainly maintain stable operation in the short term.

1、 Price trend

According to the data monitored by the business agency (the average ex factory price of calcium carbide SG5), the average price of domestic PVC mainstream on February 22 was 8590 yuan / ton, down 3.16% from last Tuesday (15), up 1.54% from 8460 yuan / ton at the beginning of the month and up 7.38% from the same period last year.

2、 Market analysis

Recently, the PVC market is weak, the price has fallen frequently, the enterprise cycle has fallen by 300-500 yuan / ton, and the market focus has shifted downward. With the weakening of the macro atmosphere, PVC futures fell and the spot market went down. Although the downstream products industry resumed work and production after the festival, the overall market demand increased slowly. In addition, PVC manufacturers started work stably recently and the market supply was loose. At the same time, the price of raw calcium carbide fell, which further exacerbated the downward trend of PVC and the mentality of the industry was negative, The atmosphere of market transaction has weakened. On the 22nd, the PVC market fluctuated, and the low-end price began to rebound. People in the industry are optimistic about the later market. Up to now, the price of raw calcium carbide has fallen to around 4050-4150 yuan / ton, the quotation range of domestic pvc5 calcium carbide enterprises is mostly around 8300-8800 yuan / ton, the price of pvc5 calcium carbide in Tianjin is 8570-8670 yuan / ton, the mainstream price of PVC ordinary calcium carbide in Guangzhou is 8650-8700 yuan / ton, and the mainstream price of PVC ordinary calcium carbide in Changzhou is 8500-8600 yuan / ton, Recently, market prices across the country have fallen steadily.

It can be seen from the weekly rise and fall from November 29, 2021 to February 20, 2022 that the domestic PVC cycle rose and fell with each other. The largest decline was 2.71% in the week of November 29, which continued to the end of December. The price rose steadily in 2022, especially after the spring Festival, it rose by 3.84% in the week of February 7.

For the external price, Formosa Plastics announced the quotation of pvc3 in January. CFR India rose $70 to $1560 / ton, and CFR China rose $50 to $1310 / ton.

International crude oil futures closed higher on February 21. February 21 (Monday) is the “Washington birthday anniversary” in the United States. The US stock market is closed for one day. The settlement price of the main contract of Brent crude oil futures is reported as US $95.39/barrel, up US $1.85 or 1.97%. The rise in oil prices was mainly due to the confrontation between Russia and the West over Ukraine, which exacerbated supply concerns

Ethylene, the external ethylene market rose. Ethylene prices in Asia rose. As of the 18th, CFR Northeast Asia closed at US $1216-1226 / ton and CFR Southeast Asia closed at US $1186-1196 / ton. European ethylene market rose sharply. As of the 18th, FD northwest Europe closed at US $1327-1337 / ton and CIF northwest Europe closed at US $1255-1265 / ton. Ethylene analysts of the chemical branch of the business agency believe that the international crude oil futures price remains high, so the data analysts of the business agency expect the external price of ethylene to rise next.

On February 21, the factory price of calcium carbide in Northwest China fell slightly, down 50 yuan / ton or 1.20% compared with the price on February 18, and increased by 26.15% year-on-year compared with the same period last year. The price of raw material orchid charcoal fell slightly. At present, shenmulan charcoal is about 1500-1700 yuan / ton, and the cost support of calcium carbide is insufficient. The downstream PVC market has been adjusted at a low level recently, and downstream customers are generally enthusiastic about calcium carbide procurement. On the whole, the upstream support of calcium carbide is weakened and the downstream demand is general. In the future, it is expected that the factory price of calcium carbide in Northwest China may fluctuate slightly: the average price quoted by manufacturers is about 4000 yuan / ton.

3、 Future forecast

PVC analysts of business society believe that the current market atmosphere has weakened, and the fundamentals of PVC have not changed greatly. With the repair of the demand area, it is expected that the PVC market may rise slightly due to this boost. For details, we need to pay attention to the information guidance.

1、 Price trend

According to the data of business agency, the domestic market price of maleic anhydride rose this week. As of February 20, the average price of maleic anhydride by benzene hydrogenation remained at 14166.67 yuan / ton, an increase of 1.19% compared with the average price of 14000.00 yuan / ton on February 14, and an increase of 26.11% compared with the same period last month.

On February 20, the maleic anhydride commodity index was 133.45, unchanged from yesterday, down 19.82% from the highest point of 166.43 in the cycle (2021-12-15), and up 160.75% from the lowest point of 51.18 on April 14, 2020. (Note: the period refers to the period from September 1, 2011 to now)

2、 Analysis of influencing factors

The domestic benzene maleic anhydride market started to decline this week. Recently, the downstream unsaturated resin market price is high and the operation is slow. As of the 20th, the solid anhydride in Shandong was about 13500 yuan / ton, that in Jiangsu was about 13500 yuan / ton, that in Shanxi was about 14000 yuan / ton, that in Hebei was about 13500 yuan / ton, and that in South China was about 14000 yuan / ton. With the end of the Winter Olympics, the spot supply will increase.

Upstream, the price of pure benzene continued to decline this week. The average price of pure benzene was 8130 yuan / ton on February 11 and 7690 yuan / ton on February 18, down 440 yuan / ton or 5.41% from last week. This week, the market price of hydrogenated benzene in Shandong fell, from 8025 yuan / ton on February 10 to 7750 yuan / ton on February 17, down 275 yuan / ton. In terms of n-butane, the price in Shandong was 6980 yuan / ton as of February 20.

3、 Future forecast

Analysts of maleic anhydride products of business society believe that at present, the domestic maleic anhydride market is at a high level, the downstream resin manufacturers start slowly, the price is high, the just need to purchase is general, and the high price of maleic anhydride is under pressure. With the end of the Winter Olympics, the spot supply will increase. It is expected that the recent maleic anhydride market will be dominated by high-level consolidation.

1、 Price trend

According to the bulk data list of business society, the average price of domestic phosphoric acid on February 18 was 9666.67 yuan / ton, down 200 yuan / ton from 9866.67 yuan / ton at the beginning of the week, down 2.03% during the week and up 91.42% compared with the same period last year.

2、 Market analysis

The phosphoric acid market was generally stable this week, with individual adjustments. This week, the price of raw material yellow phosphorus was temporarily stable and the support was OK. Most phosphoric acid enterprises returned to the market. Except for some areas in the North affected by the Winter Olympic Games, the commencement was delayed and the overall commencement of the market increased gradually, but the downstream demand continued to wait-and-see, the heat of inquiry was not high, and the trading was not warm. According to the monitoring of business agency, the current quotation in Sichuan is 9500-10000 yuan / ton, that in Yunnan is about 9000-9500 yuan / ton, that in Hubei is 10500-11000 yuan / ton, that in Shandong is 10500-11500 yuan / ton, and that in Jiangsu is 9500-12000 yuan / ton.

region product Specifications date Price (yuan / ton)

Sichuan region phosphoric acid 85% industrial grade February 18th 9500-10000

Yunnan region phosphoric acid 85% industrial grade February 18th 9000-9500

Jiangsu region phosphoric acid 85% industrial grade February 18th 9500-12000

Hubei region phosphoric acid 85% industrial grade January 30th 10500-11000

Shandong region phosphoric acid 85% industrial grade January 30th 10500-11500

Recently, the domestic phosphorus ore market has been steadily sorted out and operated, the downstream demand has been launched one after another, and the market change in the field is limited. The quotation of 30% grade phosphate rock freight plant in Guizhou is around 660-680 yuan / ton, the price of 28% grade phosphate rock freight plant is around 580-630 yuan / ton, the quotation of 30% grade phosphate rock freight plant in Guangxi is around 630-680 yuan / ton, and the price of 28% grade phosphate rock freight plant is around 570-630 yuan / ton. Phosphorus ore analysts of business society believe that in the short term, the domestic phosphorus ore market will mainly adjust and operate in a stable and narrow range, and more attention needs to be paid to the news changes of supply and demand.

On February 17, the reference price of yellow phosphorus was 32375.00, an increase of 0.39% compared with February 1 (32250.00). Recently, the domestic yellow phosphorus market price has been stable. The overall market trading situation is acceptable, there are many downstream inquiries, mainly just need replenishment, and the transaction of new orders is limited. It is expected that the price of yellow phosphorus will mainly run at a high level in the short term.

3、 Future forecast

According to the phosphoric acid analyst of the chemical branch of business society, at present, most enterprises have started work, and the raw material price is temporarily stable, while the downstream market remains on the sidelines and just needs to purchase. It is expected that the phosphoric acid price will continue to maintain a stable trend in the short term.

Price trend

According to the bulk list data of business society, in mid February, the domestic PA66 market continued to operate weakly, and the spot prices of various brands fell. As of February 17, the average ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 35000 yuan / ton, with an increase or decrease of – 2.78% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: in the upstream, adipic acid market operates steadily, some markets are slightly loose, dealers’ offer is still high, and manufacturers are still generally very competitive. The price of raw material pure benzene is high and the cost support is obvious. It is expected that the high level of adipic acid market will stabilize in the near future. The overall supply of adiponitrile is still tight, citing the domestic production cost of PA66.

The price of adipic acid, the raw material in the upstream, is loose in a narrow range, the supply of adiponitrile is limited, and the cost side support of PA66 is acceptable. Recently, the operating rate of the industry has been at a high level, and the load level of domestic PA66 industry has basically returned to normal. The inventory position in Hong Kong is not high, and the arrival volume of overseas goods is limited. In terms of demand, the current buyer’s follow-up situation is biased towards the just need to maintain production, and the transaction resistance of high-priced goods sources has increased. The smooth flow of goods in the venue is poor, the seller’s mentality is affected, and the offer continues to yield profits.

Future forecast

Business analysts believe that the spot price of PA66 continued to fall in mid February. The supply of adiponitrile at the raw material end has not improved, the adipic acid market returns high and narrow, and the cost side support of PA66 is OK. The load of PA66 enterprise returned to normal and was in a high position, and the support of the supply side to the spot was weakened. Downstream users have a deep resistance to the supply of high priced goods. At present, the downstream demand is sluggish and the trading atmosphere on the floor is poor. It is expected that PA66 may maintain a stable and weak market in the near future.

1、 Price trend

According to the bulk data list of business society, the average price of domestic hips on February 11 was 11733.33 yuan / ton, up from 11233.33 yuan / ton at the beginning of the week, up 4.45% during the week and 4.76% month on month.

2、 Market analysis

This week, the market price of raw styrene rose first and then fell, and the cost side supported the rise of hips price. The benzene market also rose simultaneously. After the Spring Festival, the market gradually recovered, downstream enterprises started one after another, the demand increased, the market trading atmosphere improved, the cost and demand side supported, and the hips price increased. By the end of the weekend, the mainstream ex factory price of hips was mostly about 11400-14300 yuan / ton, and the price of benzene was mostly 9600-10500 yuan / ton. The PS market rose steadily during the week.

In the international crude oil market, the price of international crude oil futures rose sharply on February 11. The settlement price of the main contract of WTI crude oil futures in the United States was US $93.10/barrel, up US $3.22 or 3.6%, and the settlement price of the main contract of Brent crude oil futures was US $94.44/barrel, up US $3.03 or 3.3%. Oil prices hit a new high in more than seven years, mainly due to the escalation of tensions between Russia and Ukraine, which exacerbated concerns about the shortage of global energy supply.

In terms of raw materials, the market price of styrene rose first and then fell this week, with a small overall decline. On February 7, East China styrene closed near 9050-9350 yuan / ton. On February 11, it was 8850-9000 yuan / ton, down near 200-300 yuan / ton. The above is the tank price in Zhangjiagang. On February 7, South China styrene closed at 9300-9350 yuan / ton. On February 11, it was 8800-8850 yuan / ton, down by 500 yuan / ton. The delivery price of the above factories.

3、 Future forecast

The business community believes that after the Spring Festival, the hips market is rising, but the raw material styrene is still in a state of excess fundamentals, and the probability is weak. Therefore, it is expected that the hips market will be generally stable and watch carefully.

According to the price monitoring of business agency, the price trend of sulfur (granular sulfur) in East China this week was stable and upward. The quotation of sulfur was 2170 yuan / ton on February 11. Compared with 2150 yuan / ton at the beginning of the week, it increased by 0.93% during the week and 3.50% month on month.

The domestic sulfur market continued to rise, the downstream sulfuric acid market continued to improve and the progress of phosphate fertilizer was stable. The shipment of sulfur enterprises was smooth, and the mentality of the operators was positive. During the week, refineries in various regions raised their quotations according to their shipment and inventory. The price of sulfur fixation increased significantly in North China, and increased by 20 yuan / ton in East China and Shandong at the same time; The price of liquid sulfur fluctuated significantly. The price of liquid sulfur in Shandong and East China increased by 130-150 yuan / ton, while the price of liquid sulfur in North China increased by 300-330 yuan / ton. The price of sulfur particles in China as of February 11 is as follows:

region varieties February 7th February 11th Rise and fall

East China Sulfur (particle) 2140-2230 yuan / ton 2160-2250 yuan / ton 0

North China Sulfur (particle) 1870-2060 yuan / ton 2120-2310 yuan / ton two hundred and fifty

Shandong region Sulfur (particle) 2110 yuan / ton 2130 yuan / ton twenty

The downstream phosphate fertilizer market was reorganized and operated. On Monday, the ammonium market trend was stable, the atmosphere in the venue was mainly wait-and-see, the amount of enterprises to be issued was sufficient, and the manufacturers had the intention to raise the price in the future. Diammonium rose slightly during the week, the fertilizer storage market improved, the market demand increased, and the buying gas in Northeast China was good. However, due to the large number of early orders, some enterprises suspended receiving orders. From the perspective of supply and demand performance, the market of ammonium phosphate is stable and good.

According to the sulfur analyst of business society, the domestic port has a small amount of arrival and circulation, and the on-site cargo holders have a strong intention to support the price. Coupled with the positive support of the downstream market, the inventory of domestic sulfur refineries is not under pressure, and the enterprise shipment is smooth. It is expected that the sulfur market will continue to operate at a high level in the future, and pay attention to the market follow-up.