1、 Trend analysis

According to the nickel price monitoring of the business society, on the 14th, the spot nickel price fell sharply by 3.31%, down more than 5000 yuan / ton. After the nickel price rose sharply to a new high in the previous trading day, it is now at a high level.

Macroscopically, the US dollar rose, metals suffered setbacks and generally fell, dragging down nickel prices. In March this year, according to the news of the successful trial production of high nickel matte, Castle Peak industry will supply 60000 tons of high nickel matte to Huayou cobalt industry and 40000 tons of high nickel matte to Zhongwei Co., Ltd. within one year from October 2021. As soon as this news came out, the nickel price plummeted to the low point of 120000 yuan. Later, due to the rise of demand for new energy sources, the nickel price slowly rebounded to the high level of the year. Now, as October approaches, it is rumored that Indonesia’s high matte nickel has been put into operation. Combined with the news in March this year, nickel prices panic and fall sharply. Domestic stainless steel production was also limited, so the production schedule was low in September and the demand was limited. Although the successful trial production of high matte nickel affects the overall fundamentals of nickel, it will take time for large-scale output, and the momentum of new energy vehicles is good. In October, the rainy season in the Philippines is also coming, and the supply expectation is tight, which supports the nickel price.

Future forecast: the current nickel price has plummeted sharply, which should not be too pessimistic. The current nickel price decline is, on the one hand, people’s panic about the production of high matte nickel, on the other hand, they are afraid of the current price. However, tight supply is still the mainstream tone, and new energy is also supported in terms of demand. The nickel price is expected to fluctuate mainly in the range of 142000-147000 yuan / ton in the short term.

1、 Price trend

According to the bulk data monitoring of business society, as of September 13, the average price of refrigerant R22 was 23000 yuan / ton, up 17.95% from 19500 yuan / ton last Monday and 55.06% from the same period last year

According to the bulk data monitoring of business society, as of September 13, the average price of refrigerant R134a was 26166.67 yuan / ton, up 6.8% from 24500 yuan / ton last Friday, up 14.6% from 22833.33 yuan / ton last Monday, up 71.77% from the same period last year.

2、 Market analysis

Looking back last week, R22 prices jumped sharply, up nearly 18% during the week, and continued to climb to a high level. During the week, the price of raw material hydrofluoric acid rose to 10000-10500 yuan / ton, the market situation of chloroform was stable, the price was 3150 yuan / ton, the cost price increased, coupled with quota factors, the production cost pressure of refrigerant enterprises increased, the limited sales of enterprises continued, the tight supply in the field continued, and the price of R22 continued to rise. Up to now, the market quotation of R22 is in the range of 23000-28000 yuan / ton, The quotation in Shandong is about 24000-25000 yuan / ton, that in Zhejiang is about 23000-28000 yuan / ton, that in Hunan is about 24000-25000 yuan / ton, and that in Jiangsu is about 25000 yuan / ton. The prices in various places have risen sharply.

Looking back last week, the price of R134a continued to rise, with an increase of about 7% during the week. During the week, the price of raw material hydrofluoric acid rose to 10000-10500 yuan / ton, and the trend in the later stage was mainly rising, and the cost side was under pressure. In addition, mainstream enterprises such as Jiangsu Meilan and Shandong Dongyue installed parking, the supply of goods in the yard continued to be tight, the enterprise inventory was not under pressure, the price support sentiment was strong, and the market continued to rise. On September 13, R134a continued to make up for the rise to 30000 yuan, and the market rose again. Up to now, the market price of R134a is in the range of 26000-32000 yuan / ton, the price in Zhejiang is about 27000-3200 yuan / ton, the price in Hunan is about 29000-30000 yuan / ton, the price in Jiangsu is about 26000-30000 yuan / ton, and the price in Guangzhou is about 31000 yuan / ton. Prices in various places have increased rapidly.

In terms of raw materials, the price trend of domestic hydrofluoric acid rose this week. Up to now, the mainstream price negotiated by various regions of domestic hydrofluoric acid has risen to 10000-10500 yuan / ton. The quotation of some manufacturers is higher than the market price, and the actual transaction price on the floor has increased. The price of domestic hydrofluoric acid is still dominated by the above rise. Recently, the spot supply of domestic hydrofluoric acid has been supported, and the price trend on the floor has risen.

Methane chloride, according to the data monitoring of business society, the trichloromethane market is stable this week (9.6-9.10), and the price is 3150 yuan / ton. Analysts of methane chloride data of business society believe that, on the one hand, the commencement of methane chloride units has decreased, and the cost side is still supported. It is expected that the trichloromethane market may rise slightly in the short term.

3、 Future forecast

According to the refrigerant analysts of business society, at present, the price of raw materials is rising, and the cost support is strong. The refrigerant manufacturers are limited by raw materials, the start-up is low, the on-site supply is tight, and the cost and supply side are positive, helping the prices of R22 and R134a to rise to a high level. It is expected that the price may continue to rise in the short term.

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 monitoring of bulk commodity data, the titanium dioxide market was basically stable this week. The average price of titanium dioxide in China is 21066.67 yuan / ton.

2、 Market analysis

This week, the domestic titanium dioxide market was basically stable. Large factories mostly seal orders, and the market price of titanium dioxide is multidimensional and stable. Today’s dragon enterprise meeting may have a new price orientation, but no exact news has been received. 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.

In terms of titanium concentrate, the price of titanium concentrate in Panxi continued to rise this week. Due to the impact of environmental protection, the spot supply of titanium ore in Yunnan is relatively tight, and manufacturers often deliver early orders. Affected by the epidemic, the supply of imported titanium ore also continued to be tight, and small and medium-sized miners were reluctant to sell titanium ore. At present, the tax free quotation of 38 grade titanium ore is about 1650-1700 yuan / ton, that of 46 grade 10 titanium ore is about 2430-2450 yuan / ton, and that of 47 grade 20 ore is about 2500-2550 yuan / ton.

In terms of sulfuric acid, according to the bulk list data of business society, the price of sulfuric acid rose this week. So far, the average price of sulfuric acid in Shandong is 795 yuan / ton, an increase of 10 yuan / ton or 1.27% compared with the quotation on September 3, and a year-on-year increase of 103.85% compared with the same period last year. From the perspective of upstream and downstream industrial chains, the upstream sulfur market has been rising step by step recently, and the cost support is good. The downstream bromine market began to stop falling and rise, and the downstream formic acid market was also rising sharply. The downstream demand was strong, which had a positive impact on the price of sulfuric acid. Recently, the market price of sulfuric acid in Shandong may rise slightly, and the average quotation price is about 800 yuan / ton.

3、 Future forecast

Titanium dioxide analysts of business society believe that at present, the quotation of titanium dioxide market is strong, the domestic demand is good, the downstream purchases on demand, and the manufacturers are willing to rise. Internationally, the demand for foreign trade is acceptable and there is no pressure in the short term. On the whole, the prices of raw titanium concentrate and sulfuric acid increased, and the cost support was strong. At present, it mainly depends on the attitude of dragon enterprises. It is expected that the price of titanium dioxide will be strong and upward in the short term, and the actual transaction price is mainly discussed.

Recent price trend of hydrochloric acid

As can be seen from the above figure, the comprehensive price of hydrochloric acid in Shandong fell this week, from 296.67 yuan / ton at the beginning of the week to 293.33 yuan / ton at the end of the week, a decrease of 1.13%, a year-on-year decrease of 6.21% compared with the same period last year. On the whole, the hydrochloric acid market fell this week, and the hydrochloric acid commodity index was 77.19 on September 3.

The upstream support is general and the downstream procurement is weak

From the manufacturer’s quotation, the manufacturer’s quotation in the hydrochloric acid market fell this week, and the overall market was general. The quotation of Dezhou Shihua hydrochloric acid is 450 yuan / ton, and the quotation is stable temporarily; The quotation of synthetic hydrochloric acid from Wen Shui is 230 yuan / ton at the weekend, which is temporarily stable compared with that at the beginning of the week; Dezhou Maihua hydrochloric acid quoted 150 yuan / ton at the weekend, down 10 yuan / ton compared with the beginning of the week.

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the market situation of upstream liquid chlorine is general and the support for hydrochloric acid is weak, while the high market price of downstream ammonium chloride has a positive impact on hydrochloric acid. Difficult delivery of hydrochloric acid is still a big problem.

Future forecast

The recent market of upstream liquid chlorine is general, the cost support is general, the market of downstream ammonium chloride is high, and the downstream purchase intention is not strong. Business analysts believe that hydrochloric acid is mainly subject to a slight shock in the near future.

1、 Price data

According to the bulk list data of business society, the price of petroleum coke of local refiners rose sharply this week. On September 6, the average price in Shandong market was 2835.00 yuan / ton, up 7.04% from 2648.50 yuan / ton on August 30.

On September 6, the commodity index of petroleum coke was 220.50, up 9.92 points from yesterday, a record high in the cycle, up 229.65% from the lowest point of 66.89 on March 28, 2016（ Note: period refers to 2012-09-30 to now)

2、 Analysis of influencing factors

With the commencement of coke production in the inspection and repair plant, the supply of petroleum coke has increased, but the self consumption of petroleum coke in some refineries has increased, the inventory of refineries is low, the downstream demand is good, the trading and investment are positive, and the price of locally refined petroleum coke has increased significantly.

Upstream: international crude oil rose, mainly due to the expected warming of global economic recovery and favorable U.S. economic data. In addition, the organization of Petroleum Exporting Countries (OPEC) raised its oil demand forecast for next year, resulting in a strong increase in oil prices.

Downstream: the price of upstream petroleum coke continues to rise, and carbon enterprises continue to operate under pressure under the cost pressure of carbon enterprises; The price of calcined coke rose; Metal silicon market continues upward trend; The price of downstream electrolytic aluminum rose. As of September 5, the price was 21343.33 yuan / ton.

Industry: according to the price monitoring of the business society, in the list of commodity prices rising and falling in the 35th week of 2021 (8.30-9.3), there are 8 kinds of commodities rising month on month in the energy sector, including 1 kind of commodity rising by more than 5%, accounting for 6.3% of the monitored commodities in the sector; The top three commodities were coking coal (9.47%), power coal (4.16%) and coke (3.62%). There were 6 commodities with month on month decline, and the top 3 products were diesel (- 0.79%), gasoline (- 0.56%) and naphtha (- 0.48%). Both rose or fell by 1.4% this week.

The petroleum coke analyst of business society believes that the inventory of local refineries is low recently, some refineries are mainly for their own use, and the downstream demand is good. Local refineries mainly execute early orders, and it is expected that petroleum coke may rise in the near future.

Trade name: potassium chloride

Latest price (September 6): 3210.00 yuan / ton

On September 6, the mixed price of potassium chloride in Qinghai was temporarily stable, which was the same as the quotation on September 3. The demand for international potash fertilizer is strong, and the available supply of domestic potash fertilizer is tight. Although the production enterprises are fully engaged in production, the operating rate is slightly low and the self-sufficiency rate is insufficient. At the same time, the delivery of international potash fertilizer suppliers is delayed and the arrival at the port is limited.

Recently, the price of potassium chloride in Qinghai may fluctuate slightly, and the quotation is about 3200-3300 yuan / ton.

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.