According to the monitoring data of business agency, as of September 3, the average price of propylene oxide enterprises was 16133.33 yuan / ton, an increase of 0.62% compared with Monday’s price, a decrease of 4.25% compared with August 3 (the reference price of propylene oxide was 16850.00 yuan / ton), and a year-on-year increase of 8.76% in a three-month cycle.

The propylene oxide Market stabilized first and then rose this week. At the beginning of the week, the mainstream quotation of propylene oxide Market in Shandong was around 15600-15700 yuan / ton, the factory inventory pressure was not large, the follow-up of new orders in the downstream was general, the market was flat, and it was temporarily stable. With the release of downstream demand, the factory inventory fell to a low level, the market rose, and the price rose slightly. At present, the mainstream quotation of propylene oxide Market in Shandong is around 15700-15800 yuan / ton.

Upstream propylene, according to the bulk list data of business society, as of September 3, the reference price of propylene was 7617.57, down 1.94% compared with Monday’s price. The shipment of production enterprises has improved, and the market trading atmosphere is acceptable.

Downstream propylene glycol, according to the monitoring data of business society, as of September 2, the reference price of propylene glycol was 17033.33, down 1.45% compared with August 30 (17283.33); For the downstream soft foam polyether, on September 3, the soft foam polyether market in Shandong increased slightly, the raw material propylene oxide increased slightly, the cost support was strengthened, the downstream procurement mentality was cautious, and the right amount just needed replenishment. At present, the mainstream quotation of the ordinary soft foam polyether market in Shandong is around 15700-15900 yuan / ton.

The propylene oxide analyst of business society believes that, in general, the price of raw propylene has decreased slightly, the price of liquid chlorine has remained stable as a whole, and the cost has little impact. The maintenance and load reduction supply of some manufacturers has decreased, and the downstream just needs to follow up. It is expected that the propylene oxide market may be strong in the short term, and the downstream follow-up needs to be paid more attention to the specific trend.

1、 Price trend

According to the bulk list data of business society, pure benzene maintained a range shock after a wide decline in early August, and the price rebounded slightly at the end of the month. On August 1, the price of pure benzene was 7900-8150 yuan / ton (average price 8170 yuan / ton), and on August 31, the price was 7500-7700 yuan / ton (average price 7590 yuan / ton), a decrease of 7.1% this month and an increase of 123.89% over the same period last year.

2、 Analysis and review

In the middle and early August: in terms of raw materials, delta virus spread in many countries, market concerns about limited demand recovery increased, and crude oil fell deeply; On the supply side, affected by typhoon weather and epidemic situation, the shipment of enterprises was limited, the inventory pressure increased, and the price fell sharply, maintaining a narrow range of shock; The high price of pure benzene in the period before demand led to increased resistance in the downstream, decreased operating rate of some enterprises and decreased demand for pure benzene.

In late August, crude oil rebounded sharply and the fundamental news improved; Near the end of the month, the delivery of enterprises was ok, and the price rebounded slightly.

Sinopec adjusted the price three times this month, reducing the price by 600 yuan / ton to 7550 yuan / ton.

In terms of crude oil, the trend of crude oil fluctuated and rose after falling in August. The market is still concerned about the impact of delta mutation virus on demand recovery. Compared with July 30, Brent fell by US $3.34/barrel, or 4.38%; WTI fell $4.45/barrel, or 7.37%.

In terms of external market, as of August 31, the reference price of pure benzene in the Korean market was US $967 / ton, down US $43 / ton or 4.26% from July 30; The reference price of pure benzene imported from East China was US $995 / ton, down US $27.5/ton or 2.69% from July 30.

Downstream, styrene: the price of styrene fluctuated downward in August. The production price in Shandong was 9337.5 yuan / ton on August 1 and 8762.5 yuan / ton on August 31, with a monthly decrease of 6.16% and an increase of 65.33% over the same period last year.

Aniline: in the first half of August, aniline fluctuated in a narrow range. From the second half of the month, the price rose continuously and fell slightly near the end of the month. On August 31, the price of aniline in Shandong was 10700-10900 yuan / ton; The price of aniline in Nanjing was 11100-11200 yuan / ton, an increase of 3.16% over the beginning of the month and 149.81% over the same period last year.

3、 Future forecast

On the raw material side, the trend of crude oil is full of uncertainty. The spread of delta virus still restricts the recovery of demand, and international oil prices are under short-term pressure. In the future, we will continue to pay attention to the impact of the epidemic situation, OPEC + decisions on crude oil production, the inventory dynamics of crude oil and refined oil in the United States, and the global economic situation on crude oil prices.

The performance of raw materials and downstream main products is poor, and the action force on pure benzene is insufficient. It is expected to continue the range consolidation in the short term. In September, demand may pick up. Continue to pay attention to the downstream market, the dynamics of domestic pure benzene units, and the impact of crude oil, external market and other trends on the price of pure benzene.

1、 Price trend

Taking the rutile titanium dioxide produced by sulfuric acid process with a large amount of goods in the domestic market as an example, according to the commodity data monitoring, the price of titanium dioxide was stable and small in August. At the beginning of the month, the average price of domestic titanium dioxide was 21233.33 yuan / ton, and at the end of the month, the average price was 21066.67 yuan / ton. The price decreased slightly within the month, with a range of 0.78.

2、 Market analysis

In August, the price of titanium dioxide in the domestic market was mainly stable. Chemours, a foreign manufacturer, announced that the price of titanium dioxide would be increased by $200 / ton from September 1. A number of domestic titanium dioxide enterprises have also sent letters to increase the price of titanium dioxide by 800-1500 yuan / ton, and manufacturers will continue to rise in the later stage. This price rise is a trend of rising to stop falling. This month, the titanium dioxide market presents a situation of rising and falling. The high quotation of titanium dioxide tends to fall, and the price of low-cost titanium dioxide rises, further narrowing the price range. The price trend moves closer to the middle. At present, the titanium dioxide market is picking up. Up to now, the factory quotation including tax of rutile titanium dioxide in China is 19000-21600 yuan / ton; The ex factory quotation of anatase titanium dioxide including tax is between 17500-19000 yuan / ton.

According to the customs data, in July 2021, China’s titanium dioxide export was about 87500 tons, a year-on-year decrease of 10.32% and a month on month decrease of 13.03%; From January to July 2021, the cumulative export volume was about 728000 tons, with a year-on-year increase of 11.55%, and the cumulative export volume increased by 75400 tons from January to July 2020.

In July 2021, China imported about 17500 tons of titanium dioxide, an increase of 19.60% year-on-year and 7.04% month on month; The cumulative import from January to July was about 114800 tons, a year-on-year increase of 24.57%, and the import volume from January to July 2020 increased by about 22600 tons.

In terms of titanium concentrate, the price of titanium concentrate in Panxi area increased this month. Yunnan titanium mine is affected by environmental protection, and the spot supply is tight. Affected by the epidemic, the supply of imported titanium ore is also tight and the supply of goods is tight. At present, the quotation excluding tax of 38 grade titanium ore is 1550-1600 yuan / ton, that of 46 grade 10 titanium ore is 2320-2420 yuan / ton, and that of 47 grade 20 ore is 2500-2550 yuan / ton. At present, the overall supply of titanium ore in the market is tight, and the price of titanium dioxide is expected to rise. In the short term, the wait-and-see sentiment in the titanium ore market is obvious, and there is still room for price increase.

According to the customs data, in July 2021, China imported 250700 tons of titanium ore, with a year-on-year increase of 15.95% and a month on month decrease of 29.99%; From January to July 2021, the cumulative import of titanium ore was about 2229900 tons, with a year-on-year increase of about 27.48%, and a year-on-year increase of about 480100 tons from January to July 2020.

In terms of sulfuric acid, according to the bulk list data of business society, the market price of sulfuric acid in Shandong increased this month. The quotation increased from 710.00 yuan / ton at the beginning of the month to 785.00 yuan / ton at the end of the month, an increase of 75.00 yuan / ton, an increase of 10.56%, and a year-on-year increase of 101.28% compared with the same period last year. On the whole, the sulfuric acid market rose in August. Sulfuric acid analysts of business society believe that under the influence of supply and demand and raw materials in Shandong market in the short term, the sulfuric acid market may rise slightly.

3、 Future forecast

Titanium dioxide analysts of business society believe that: at present, the price rise letters of titanium dioxide in China are frequent, the titanium dioxide market stops falling and stabilizes, and the demand is good. Internationally, the demand for foreign trade is acceptable and there is no pressure in the short term. On the whole, the price of raw titanium concentrate increased, sulfuric acid also increased, and the cost support was strong. It is expected that the price of titanium dioxide will be strong and upward in the short term, and the actual transaction price will be mainly discussed.

1、 Price trend

According to the data of business agency, the domestic market price of maleic anhydride rose this week. As of August 29, the average price of maleic anhydride by benzene hydrogenation remained at 11800.00 yuan / ton, an increase of 0.57% compared with the average price of 11733.33 yuan / ton on August 23, and an increase of 2.61% compared with the same period last month.

On August 29, the maleic anhydride commodity index was 111.16, unchanged from yesterday, down 10.12% from the highest point 123.67 in the cycle (December 26, 2017), and up 117.19% from the lowest point 51.18 on April 14, 2020（ Note: period refers to the period from September 1, 2011 to now)

2、 Analysis of influencing factors

This week, the construction of domestic benzene maleic anhydride market was basically stable, and the construction was started in Shanxi in early September. International crude oil rose sharply and domestic chemical prices rose; The operating rate of unsaturated resin in the downstream has increased. The resin market is dominated by weak consolidation and just need procurement. As of the 29th, the solid anhydride in Shandong was about 11600 yuan / ton, the liquid anhydride in Jiangsu was about 11500 yuan / ton, the solid anhydride in Shanxi was about 11500 yuan / ton, the solid anhydride in Hebei was about 11500 yuan / ton, and the solid anhydride in South China was about 12000 yuan / ton.

Upstream, the price of pure benzene rose slightly this week. On August 22, the average price of pure benzene was 7480 yuan / ton, and on August 29, the average price of pure benzene was 7560 yuan / ton, up 80 yuan / ton, or 1.07%. This week, the market price of hydrogenated benzene in Shandong was temporarily stable, at 7425 yuan / ton last weekend and 7425 yuan / ton this weekend, flat. The price of n-butane rose, and the price in Shandong was 5510 yuan / ton.

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 34th week of 2021 (8.23-8.27), there are 36 kinds of commodities rising month on month in the chemical sector, including 7 kinds of commodities rising by more than 5%, accounting for 7.1% of the monitored commodities in the sector; The top three commodities were formic acid (19.23%), R22 (12.00%) and yellow phosphorus (11.26%). A total of 24 commodities decreased month on month, and 3 commodities decreased by more than 5%, accounting for 3.1% of the monitored commodities in this sector; The products with the top three declines were liquid ammonia (- 11.83%), dimethyl carbonate (- 8.66%) and urea (- 5.45%). The average rise and fall this week was 0.54%.

3、 Future forecast

Analysts of maleic anhydride products of business society believe that at present, the supply of domestic maleic anhydride market is limited, some factories are pre sold to late September, and the downstream resin market just needs to be purchased. It is expected that the maleic anhydride market may fluctuate at a high level in the near future.

Futures rose sharply at the beginning of the week. After raising the quotation in the main production area of Northwest China, shipments were good, the demand for trade replenishment increased, and many factories stopped selling. According to the monitoring of business agency, from August 20 to 27, the average price of domestic methanol production enterprises in Shandong increased from 2577 yuan / ton to 2615 yuan / ton, with a price increase of 1.45% in the cycle, a price increase of 1.16% month on month and a year-on-year increase of 62.17%.

The methanol market in major regions in China mainly rose slightly in a narrow range. The main production enterprises in Northwest China raised the ex factory quotation by about 50 yuan / ton this week, which plays a positive guiding role in the whole domestic methanol market. The crude oil market rebounded, the coal price may be high, and the methanol cost is supported.

Summary of methanol market prices in various regions as of August 27:

Region, price

Qinghai region 2220 yuan / ton factory withdrawal cash exchange

Shanxi region 2340-2350 yuan / ton factory withdrawal cash exchange

Liaoning region 2540-2560 yuan / ton factory delivery

Fujian region For spot offer, please refer to 2730-2740 yuan / ton, and the tank is discharged near the tax included

Lianghu area Price reference: 2530 yuan / ton factory withdrawal cash exchange

Anhui region 2590-2600 yuan / ton factory acceptance

Henan region Price reference: 2440-2455 yuan / ton factory withdrawal cash exchange

In terms of downstream products, most of the formaldehyde markets run higher, and some decline in a narrow range; The market price of dimethyl ether fluctuated with each other. Each region adjusted the price according to its own situation, and the market transaction atmosphere was mild; The domestic acetic acid market is stable. In the past month, the domestic acetic acid market has been in a wait-and-see state. Although the rise and fall in different regions fluctuated slightly, the overall fluctuation is narrow and even stable this week.

In terms of external market, as of the closing on August 26, the closing price of CFR Southeast Asia methanol market was USD 389.00-390.00/t. The closing price of US Gulf methanol market is 130.00-131.00 cents / gallon; The closing price of FOB Rotterdam methanol market was 401.00-402.00 euros / ton, down 5 euros / ton.

region ., Country, closing price, up and down

Asia CFR Southeast Asia USD 389.00-390.00/t USD 0 / ton

Europe and America American Gulf 130.00-131.00 cents / gallon 0 cents / gallon

Europe FOB Rotterdam 401.00-402.00 euros / ton – 5 euro / ton

Recently, some units are planned to restart, and the supply in the mainland may increase. Methanol analysts of business society expect that the short-term methanol market may be dominated by consolidation.

1、 Price trend

According to the bulk data list of business society, the average price of domestic phosphoric acid on August 25 was 7083.33 yuan / ton, up 3.91% from the beginning of the week, 3.91% from the beginning of the month and 47.06% from the same period last year.

2、 Market analysis

Since August, the phosphoric acid market has been relatively calm. Some enterprises have adjusted their quotations in a narrow range and actively shipped. At the beginning of this week, the trading and investment of raw yellow phosphorus has improved, and the price has risen to 28000 yuan / ton. The phosphoric acid market has actively followed up again. Most enterprises have adjusted their prices by about 200-500 yuan / ton, with a year-on-year increase of more than 47%. At present, the price of phosphoric acid is up to 8000 yuan / ton, and the focus has shifted significantly upward, Downstream procurement is still cautious, and the demand is stronger than that in the early stage, but the transaction of new orders is still poor. Recent cost support, thermal phosphoric acid and wet process phosphoric acid show an upward trend as a whole, which is easy to rise but difficult to fall. According to the monitoring of the business community, the quotation in Jiangsu is 5900-7500 yuan / ton, that in Hebei is 7600-8400 yuan / ton, that in Hubei is about 8000-8100 yuan / ton, that in Shandong is about 7500-7600 yuan / ton, and that in Yunnan is about 7700 yuan / ton. The price of phosphoric acid in various places has increased steadily.

Phosphate rock, recently, the domestic phosphate rock market as a whole continued to operate at a high level and stably. At present, the overall supply of phosphorus ore market is tight, and the site continues to supply orders from old customers. The downstream goods of phosphorus ore terminal are well prepared, the market trading atmosphere is acceptable, and most mining enterprises maintain high and firm quotations.

On August 25, the reference price of yellow phosphorus was 26000.00, a decrease of 6.02% compared with August 1 (27666.67). The trading atmosphere on the site was good and the supply of goods was tight. The price of phosphate rock in the upstream increased and the price of phosphoric acid in the downstream increased. On the whole, the market confidence is good and the upstream and downstream support is strong. It is expected that the market price of yellow phosphorus is expected to rise in the short term.

At present, although the transaction in ammonium phosphate Market is flat, the cost is supported by the rise of raw material price. At present, there are still orders to be issued, the supply is insufficient, and the price of ammonium phosphate has always been high and strong. It is expected that the ammonium phosphate market will continue to operate at a high level and stably in the short term.

3、 Future forecast

Phosphoric acid analysts of the chemical branch of business agency believe that at present, the raw material price rises again. Under the support of cost, the phosphoric acid market generally rises, and the focus moves up rapidly. It is expected that the phosphoric acid market may continue to rise in the short term, and we need to pay attention to the fluctuation of raw material price.

From August 13 to August 20, 2021, the market price of antimony ingots in East China was temporarily stable, with the price at 69000 yuan / ton at the beginning of the week and 70000 yuan / ton at the end of the week, up 1.45%.

On August 20, the antimony commodity index was 97.45, the same as yesterday, down 4.76% from the highest point of 102.32 in the cycle (October 16, 2012), and up 107.43% from the lowest point of 46.98 on December 24, 2015（ Note: the period refers to the period from September 8, 2012 to now).

Price changes of European Strategic small metal antimony from August 13 to 20, 2021 (unit: USD / ton)

The market, August 13, August 20, rose and fell

European small metal antimony, 11275., 11475., + 200

This week, the market price of antimony ingots rose, the international price rose by $200 / ton, and the domestic market price rose. At present, the manufacturer’s mentality is still strong, and the reluctance to sell has the upper hand. Affected by the expected tight supply of raw materials of antimony ore, most antimony ingots of domestic mainstream manufacturers are sold in limited quantities. At present, the price of antimony ingots is still at a relatively high level in history. At present, the downstream has a strong fear of heights, mainly on the whole, and the downstream purchases on demand.

As of August 20, the market price in Hunan is: 2# antimony ingot 68500 yuan / ton, 1# antimony ingot 70500 yuan / ton, 0# antimony ingot 71500 yuan / ton.

The current round of price rise is mainly boosted by the shortage of raw materials, but the recent market performance is not very clear, and the market wait-and-see mood is heavy. It is expected that the price of antimony ingot will maintain a volatile trend in the short term.

According to the data monitoring of business society, as of August 23, the reference average price of 30% grade phosphorus ore in the mainstream areas of China was around 563 yuan / ton, which was basically the same as that on August 16, and increased by 13 yuan / ton or 2.42% compared with that on August 1 (the reference average price of phosphorus ore was 550 yuan / ton).

Recently, the domestic phosphorus ore market has continued to operate at a high level

Recently, the overall domestic phosphate ore market has continued to operate at a high level and stably. At present, the overall supply of phosphate ore market is tight, and the site continues to supply orders from old customers. The downstream goods of phosphate rock terminal are well prepared, and the market trading atmosphere is acceptable. Most mining enterprises maintain a high and firm quotation. As of August 23, 28% of Hubei mining enterprises quoted about 570 yuan / ton for phosphate ammonium ore ship board, and 28% of Guizhou mining enterprises quoted about 470-490 yuan / ton for phosphate rock cargo plant, The quotation of 30% phosphate rock freight plant is about 510-550 yuan / ton, that of 28% phosphate rock freight plant of Guangxi mining enterprises is about 460-480 yuan / ton, that of 30% phosphate rock freight plant is about 500-560 yuan / ton, and that of Hebei mining enterprises is about 650 yuan / ton.

According to the business agency, the following is the current price of phosphate rock in some parts of China (for reference only)

product region grade Price remarks

Phosphate rock Guizhou 30% 510-550 yuan / ton Factory price

Phosphate rock Guizhou 28% 470-490 yuan / ton Factory price

Ammonium phosphate ore Hubei 28% 570 yuan / ton Ship board price

Phosphate rock Guangxi 30% 500-560 yuan / ton Factory price

Phosphate rock Guangxi 28% 460-490 yuan / ton Factory price

Downstream Yellow Phosphorus: at present, the supply of downstream Yellow Phosphorus market is tight, and the downstream pre festival goods preparation is started, and the transaction focus of yellow phosphorus market has shifted upward. At present, according to the monitoring data of business agency, the average price of domestic yellow phosphorus is 25166.67 yuan / ton, which is increased by 500 yuan / ton, or 2.03% compared with the previous working day.

Downstream phosphoric acid, the phosphoric acid market continues to be generally stable, some enterprises fluctuate in a narrow range, the enterprise starts tend to be stable, the logistics gradually recovers, the downstream purchase maintains the rigid demand, and the inquiry is higher than that in the early stage, but the market wait-and-see mood remains unchanged, the cost support is strong, and the price trend of phosphoric acid market is strong. According to the monitoring of the business community, the quotation in Sichuan is 6750-7300 yuan / ton, that in Hebei is 7600 yuan / ton, that in Hubei is 7250-8000 yuan / ton, that in Shandong is 7000-7600 yuan / ton, that in Yunnan is 7300 yuan / ton, and that in Jiangsu is 5900-7000 yuan / ton. There is little fluctuation in the price of phosphoric acid in various places.

Forecast and analysis of future trend of phosphate rock

At present, the overall supply of the mine continues to be tight. Individual Guizhou mining enterprises do not quote for the time being, only receive orders from old customers, and the upstream Yellow Phosphorus market also gives market support. Therefore, phosphorus ore analysts of business society believe that in the short term, China’s phosphorus ore market will focus on high-level consolidation and operation.

1、 Price trend

According to the bulk list data of business society, the price of cryolite in Henan remained stable this week. On August 20, the average market price in Henan was 6425 yuan / ton, an increase of 0.39% compared with the quotation of 6400 yuan / ton on August 1.

2、 Market analysis

This week’s cryolite market is mainly wait-and-see. The enterprise starts normally, and the quotation within the week remains stable. The production capacity of individual enterprises is low, the raw materials are tight, and the quotation of cryolite is high. As of the 20th, the ex factory quotation of cryolite in Shandong is 6300-6500 yuan / ton, and the price within the week remains stable; The ex factory quotation of cryolite in Henan is 6300-6600 yuan / ton, and the price is temporarily stable. Domestic cryolite enterprises operate normally in terms of devices, start work stably, the enterprise inventory is OK, and the market supply is tight. At present, cryolite prices are strong, mainly through actual negotiation, the transaction price is low, and the shipment is stable.

In terms of electrolytic aluminum, the market trend fluctuated this week. The price rose first and then fell during the week, with an overall increase of 0.0.30%. The aluminum industry is in the off-season, the demand is general, the social inventory is low, which forms support for aluminum, the market game forms a steady-state shock, and the price range fluctuates at a high level. From the performance of supply and demand, the aluminum market trend continues to fluctuate slightly in the later stage.

3、 Future forecast

The cryolite market operates stably, the enterprise quotation is high and strong, and the downstream demand is stable. At present, there is no other news released in the market. The manufacturer’s mentality is mainly wait-and-see, the shipment is stable, and the short-term cryolite price is strong. It is expected to wait-and-see and sort out the cryolite market in the later stage, and pay specific attention to the downstream demand.

1、 Price trend

According to the bulk list data of business society, the average ex factory price of powdered monoammonium was 3600 yuan / ton on August 16 and 3600 yuan / ton on August 20. The price of monoammonium phosphate was stable this week.

According to the bulk list data of business society, the average ex factory price of 64% diammonium phosphate was 3625 yuan / ton on August 16 and 3625 yuan / ton on August 20. The price of diammonium phosphate was stable this week.

2、 Market analysis

The price of monoammonium phosphate was stable this week, and the operating rate of the enterprise was about 70%, up from last week. The trading of monoammonium phosphate was stable this week, the atmosphere in the venue was flat, and the waiting volume of enterprises decreased. Due to the rising price of raw sulfur, the price of monoammonium phosphate has always been at a high level. At present, the downstream holds a wait-and-see attitude. The factory quotation of 55% powdered ammonium in China is about 3550-3650 yuan / ton. The factory quotation of 58% powdered ammonium is about 3800 yuan / ton.

The price of diammonium phosphate was stable this week, and the operating rate of the enterprise was about 58%, lower than that of last week. The domestic supply is tight, and the order is based on export. The price of raw materials rose and the cost support was strong. The factory quotation of 64% mainstream diammonium in Hubei is 3550-3650 yuan / ton, and that of 64% mainstream diammonium in North China is about 3400-3500 yuan / ton.

At present, the transaction price of raw phosphorus ore market is constantly approaching the high end, and the market price has also risen to the high point. The reference average price in the mainstream areas of 30% grade phosphorus ore in China is 563 yuan / ton. The domestic market of raw sulfur is running at a high level this week. The overall quotation of refineries in various regions increased according to their own shipment, and the solid-liquid sulfur increased by 30-80 yuan / ton at the same time.

3、 Future forecast

The ammonium phosphate analyst of business society believes that although the transaction in the ammonium phosphate Market is flat at present, the cost is supported by the rising price of raw materials. At present, there are still orders to be issued, the supply is insufficient, and the price of ammonium phosphate has always been high and strong. It is expected that the ammonium phosphate market will continue to operate at a high level and stably in the short term.