1、 Price trend

This week, the selling price of sulfuric acid in Shandong Province rose, with the quotation rising from 420.00 yuan / ton at the beginning of the week to 437.50 yuan / ton at the end of the week, up 17.50 yuan / ton or 4.17%. Overall, the sulfuric acid market rose this week, and the sulfuric acid commodity index on December 14 was 68.09.

2、 Market analysis

From the manufacturer’s quotation, the price of mainstream sulfuric acid manufacturers in Shandong increased this week, with less inventory and stronger downstream demand. Heze Jiangyuan quoted 480 yuan / ton at the weekend, which was 20 yuan / ton higher than that at the beginning of the week; Zouping Tianlu offered 300 yuan / ton at the weekend, which was temporarily stable compared with the beginning of the week; Jinan Yuanfei quoted 400 yuan / ton, which was 50 yuan / ton higher than that at the beginning of the week; kunshengda of Taiyuan City quoted 570 yuan / T at the weekend, which was temporarily stable compared with the beginning of the week.

From the perspective of the upstream and downstream industrial chain, the upstream sulfur market has been consolidation at a high level recently, and the cost support is good. However, the market of monoammonium phosphate, diammonium phosphate and bromine in the lower reaches of the market has a positive impact on sulfuric acid. At the same time, some sulfuric acid factories are short of operation recently, the load is reduced, and the supply of sulfuric acid is in short supply.

3、 Future forecast

In the middle and early December, the market of sulfuric acid in Shandong Province fluctuated slightly. The price of sulfur in the upstream has been high recently, and the downstream market is good. The purchasing enthusiasm of the downstream for sulfuric acid is normal, and the product trend is upward under the contradiction between supply and demand. The sulfuric acid analysts of the business agency believe that the short-term Shandong market in the supply and demand and raw materials and other aspects of the impact of sulfuric acid market or a small shock rise.

The commodity index of hydrobenzene on December 5 was 44.70, which was the same as yesterday, decreased by 56.18% from 102.01 (2014-01-09), and increased by 49.05% from 29.99, the lowest point on April 07, 2020. (Note: the period refers to December 1, 2013 to now).

Price rise and fall of domestic main hydrobenzene markets from November 30 to December 4 (unit: yuan / ton)

Region, 30 days price, 4 days price, weekly up and down

In East China, 4100-4200, 4450-4550, + 350

In Shandong Province, 3750-3850, 4200-4250, + 425

This week (November 30 to December 4), the market price of hydrogenated benzene in Shandong Province mainly fell, with 3800 yuan / ton at the beginning of the week and 4225 yuan / ton at the weekend, up 425 yuan / ton.

Summary of Sinopec’s pure benzene price adjustment in December 2020 (unit: yuan / ton)

Date, adjusted price, adjusted amount

December 2. 4300, + 100

December 4, 4400, + 100

In December 2020, Sinopec’s pure benzene price increased twice and decreased once, with a cumulative increase of 200 yuan / ton. As of the 30th, Sinopec’s refineries implemented a unified implementation of 4400 yuan / ton.

This week, pure benzene continued to make efforts. The sharp rise in the external price of pure benzene in the United States led to a rise in the external price of pure benzene at the end of the last year. The domestic price of pure benzene rose in response to the call, and the price in East China was first raised. North China and other places followed up. Sinopec’s pure benzene price increased by 100 yuan / ton, and the price of 4400 yuan / ton was implemented as of December 4. In terms of operating rate, this week’s operating rate has declined slightly, with the comprehensive operating rate of about 72%. In terms of inventory, the inventory in East China this week decreased slightly compared with last week, and is currently maintained at about 250000 tons. This week, the price of hydrobenzene followed the trend of pure benzene, and the price in Shandong rose. As of the 4th day, the price of hydrogenated benzene in Shandong was 4225 yuan / ton, up 425 yuan / ton compared with last week.

Start up of some hydrogenated benzene units in December 2020

Enterprise name, plant status, plant capacity, remarks

Shandong Shengyun chemical, shutdown, 100000 tons, restart time to be determined

Derun chemical, shut down, 150000 tons, shutdown and restart time to be determined in February

Shandong Jinneng Chemical Co., Ltd., shutdown, 100000 tons, shutdown and restart time to be determined in July

Hebei Jiantao, parking, 100000 tons, planned to start in the near future

Panjin Ruide, normal, 230000 tons, start on November 15

Angang, normal, 150000 tons, start up on November 10

Recently, the operating rate of hydrogenated benzene enterprises has been stable at about 65%, which is on the rise as a whole. Some enterprises that shut down in the early stage started construction this month, especially in Northeast China.

In the future market, the business agency believes that the price support of pure benzene and crude oil is good, the port inventory is slightly reduced, and the external price of pure benzene is still high, which has certain support for the market. Market participants generally look forward to the future market, and the future market focuses on the price trend of pure benzene downstream products and the fluctuation of pure benzene external market.

According to the price of activated carbon at the beginning of the week, the price of activated carbon fell by RMB 1011.00/ton at the end of the week.

The price of activated carbon in China goes down. At present, the ex factory price of activated carbon for coconut shell water purification in East China is 9500-13000 yuan / ton; the market atmosphere of activated carbon is general, and the delivery is normal, and the transaction price is mainly through negotiation (the specifications and properties of activated carbon are complicated, so the price can not be generalized. Please consult the manufacturer for details).

Activated carbon is rich in raw materials, including coal, sawdust, fruit shell, straw, etc. through a series of processes, activated carbon suitable for water treatment is prepared. At the same time, activated carbon manufacturers are constantly improving the performance of activated carbon, increasing its working capacity, which can effectively adsorb and purify wastewater.

Forecast: in the short term, the price of activated carbon is dominated by weak consolidation, and the transaction atmosphere is cold. The long-term market still needs to wait and see, and the overall price adjustment is not large.

1、 Price data:

According to the data monitoring of the bulk list of business associations, the domestic bromine market continued to be strong in November. As of November 30, the average price of bromine in Shandong was about 32555 yuan / ton, an increase of 2.09% compared with the beginning of the month, and an overall increase of 5.78% over the same period last year.

2、 Cause analysis

This month, the overall domestic bromine market started stable, and the market inventory was low. Shouguang, one of the main bromine production areas, has issued a notice that all bromine enterprises in the region will stop production from December 25, 2020 to February 19, 2021. In order to meet the coming winter parking period, some manufacturers have started to prepare their warehouses. The shipping intention is not high, the market supply is tight, and the downstream flame retardant market has high prices At present, mainstream bromine enterprises offer about 32500-33000 yuan / ton.

Industrial chain: upstream, at present, the inventory of refineries in various regions of the domestic sulfur market is low, and downstream factories and traders replenish as needed. The attitude of the shippers is better, and they intend to increase the market price. In terms of port, cargo rights are concentrated, low prices are hard to find, and the downstream market is not willing to accept high price goods. The dealers in the field mainly talk about caution, which is about 956 yuan / ton. In terms of sulfuric acid, the sulfur market in the upstream has been consolidated at a high level recently, and the cost support is good. The high consolidation of downstream market has a positive impact on sulfuric acid. At the same time, some sulfuric acid manufacturers are short of operation recently, the load is reduced, and the supply of sulfuric acid is tight At present, the price of caustic soda is about RMB 415 / ton, and the price of caustic soda is stable, but the price of caustic soda is stable and stable, and the price of caustic soda is expected to increase at present. The market of main downstream flame retardants of bromine is weak, and it is mainly on demand for bromine purchase. The overall intention of receiving goods is flat, and there is obvious conflict with the high price of bromine. The industry of pharmaceutical and pesticide intermediates is generally started, and the demand side supports the price of bromine.

3、 Future forecast

The bromine industry analysts of the business society believe that at present, the domestic bromine market price is firm and the supply is expected to decline significantly. In the case of no pressure on the enterprise inventory, the price intention is good, the downstream just needs to be flat, and the game atmosphere between supply and demand is becoming stronger. It is expected that bromine will still be strong in a short period of time.

1、 Price trend

According to the price monitoring of business agency, the average ex factory price of sulfur market in East China on October 30 was 956.67 yuan / ton, which was 1.77% lower than that of 940.00 yuan / ton at the beginning of the month, and increased by 57.69% over the same period last year.

2、 Market analysis

In November, the overall sulfur market was stable and upward. Port cargo rights were concentrated, and the market was obviously supported by cargo holders. The offer was intended to increase. The domestic refineries’ inventory was low, the downstream demand was stable, and the shipment performance was stable. Domestic sulfur manufacturers adjusted their quotations according to the sales situation, and the sulfur market price rose steadily in the month. As of the 30th, the quotations of solid sulfur and liquid sulfur in East China were 940-1250 yuan / ton, 890-1100 yuan / ton, 860-880 yuan / ton and 830-890 yuan / ton in North China, 960-970 yuan / ton in Shandong Province.

The domestic market of downstream sulfuric acid is dominated by the market. The shipment of sulfuric acid manufacturers in Shandong is stable, the inventory of acid enterprises is low, and the market of sulfuric acid is stable and slightly rising. Domestic acid enterprises are limited by environmental protection and start their operations unsteadily. The overall market trend is diversified. The demand for phosphate fertilizer is strong, and the enterprise’s goods are smooth, and the future market is stable temporarily.

3、 Future forecast

According to the sulfur analysts of the business club, the downstream factories and traders of the sulfur market enter the market to replenish as needed. The inventory of domestic refineries is low, and the price is firm. The attitude of the shippers in the port is positive and the attitude of supporting the market is obvious. It is expected that the sulfur market will be sorted out and operated in the later stage, and the market trend will be observed specifically.

1、 Price trend chart of nitric acid Market

Nitric acid price curve

According to the monitoring of business agency, the average price of nitric acid in East China this week is 1800 yuan / ton, and the quotation is stable temporarily.

2、 Market analysis

Anhui Jinhe quoted 2100-2200 yuan / T, which was flat compared with last week; Shandong helitai Chemical Co., Ltd. quoted 1900 yuan / T, which was flat compared with last week; Huainan Aodeli chemical products Sales Co., Ltd. quoted 2200 yuan / T concentrated nitric acid, which was flat compared with last week; Wenshui synthetic chemical Co., Ltd. quoted 1950 yuan / T concentrated nitric acid, 810 yuan / T dilute nitric acid, concentrated nitric acid The offer is up from last week. The market of nitric acid is acceptable, and most manufacturers offer high-level operation.

According to the monitoring of the business agency, on the 26th, the domestic liquid ammonia market remained stable in most areas, with Hebei and Shandong as the main areas since this week. The average market price of aniline in the downstream was 7333 yuan / ton at the beginning of this week and 7533 yuan / ton at the weekend, up 2.73 yuan / ton.

3、 Future forecast

Supported by the raw material liquid ammonia and downstream aniline, the nitric acid analysts of the business community expect that the price of nitric acid will rise.

According to the price monitoring of the business agency, the East China market price of lithium carbonate began to show a steady upward trend in November, and the price increase was significantly enhanced by the end of the month. As of November 25, the average price of industrial grade lithium carbonate in East China was 41700 yuan / ton, which was 5.57% higher than that at the beginning of the month (the average price of industrial carbon in East China was 39500 yuan / ton on November 1). On November 25, the average price of battery grade lithium carbonate in East China was 45600 yuan / ton, which was 3.17% higher than the average price at the beginning of the month (November 1: the average price of carbon in East China was 44200 yuan / ton). The comprehensive price of lithium carbonate battery is in the comprehensive price of RMB 85000-80000 tons.

According to the observation of market changes, the trading atmosphere of lithium carbonate market started from the relatively stable state in early November, and the supply of lithium carbonate products in some regions began to be tense, and the final transaction price was mainly based on interviews. Due to the continuous heating of the price game between upstream and downstream enterprises, the price of lithium carbonate began to show an upward trend. Around the middle of November, the rising trend of lithium carbonate price began to appear obviously. The prices of industrial grade lithium carbonate and battery grade lithium carbonate increased by different ranges. With the increasingly tight shipment, the price is also rising, and the supply and demand structure is expected to improve with the continuous development of lithium battery industry.

The rising price of lithium carbonate this month, first of all, was due to the reduction of operating rate in the early stage of the epidemic, which led to the reduction of production capacity. The market mainly consumed inventory. With the reduction of inventory, market demand began to be tense. Then, the demand of electric vehicle market increased year on year, driving the demand for lithium carbonate to increase. Finally, with the gradual cooling of the weather, the lithium production in salt lakes and other places will also have an impact. All the factors are that the supply of goods is reduced, the cost is increased and the demand is increased.

The prices of the downstream lithium hydroxide Market and lithium iron phosphate Market are still in a stable state. The transactions in the lithium hydroxide Market are sporadic, the demand is temporarily stable, the overall market is stable, and the price has no obvious fluctuation. Lithium iron phosphate power market price stable operation, supply and demand balance, the downstream demand is limited, just need procurement, no significant increase, the market is mainly stable, price changes have not changed significantly.

According to the lithium carbonate analysts of the business club, at present, the inventory of lithium carbonate market is in good condition, and the supply and demand are in short supply. The market demand is obviously increased, and the supply and demand are improving gradually. It is expected that the lithium carbonate price in the future market will still have an upward trend, and the positive momentum is obvious.

Russia’s Tass news agency quoted documents from the Joint Ministerial supervision committee, which oversees the implementation of the agreement, saying that the extension of the OPEC + production reduction agreement for three to six months will lead to a deficit in the oil market next year.

According to these documents, OPEC is considering four possible scenarios for extending the oil agreement in 2021. Two of these cases are based on the original arrangements, including further easing of production cuts, from 7.7 million barrels per day in January to 5.8 million barrels per day.

In both cases, the global oil inventory will continue to decrease, but the total oil inventory will still be much higher than the five-year average. Under the novel coronavirus pneumonia novel coronavirus pneumonia, the oil inventory in 2021 will be 125 million barrels higher than the 5 year average level. Under the severe new crown pneumonia epidemic situation, the oil inventory in 2021 will be 470 million barrels higher than the 5 year average level. This will lead to an excess supply of 1.9 million B / D in the oil market.

But under more stringent production constraints, the reduction will be even greater: if the agreement is extended for three months to the end of March, global inventories will be only 73 million barrels higher than the five-year average by the end of next year. If the production reduction is extended to the end of June, the total crude oil inventory will be only 21 million barrels higher than the five-year average. That translates into a surplus of 900, 000 barrels a day.

At the end of the OPEC + meeting on November 18, although some member states seemed willing to further reduce production from January next year to restore balance in the oil market, there was general support for an extension of the cut-off period for three months.

1、 Price trend

According to the monitoring data of business agency, the average ex factory price of domestic chlorinated paraffin 52 grade I product was 5033 yuan / ton on November 16, and 5033 yuan / ton of domestic chlorinated paraffin 52 grade I product on November 20, which was stable this week.

2、 Market analysis

This week, the price of chlorinated paraffin is stable, and the operating rate of enterprises is about 60%. The factory quotation of chlorinated paraffin 52 in Jiangsu Province is 4700-5100 yuan / ton, that in Hebei Province is 4700-5000 yuan / ton, and that in Henan Province is 4500-5200 yuan / ton. The factory quotation of chlorinated paraffin 52 in Northeast China is 4500-5300 yuan / ton. The factory quotation of chlorinated paraffin 52 in Shandong Province is 4500-4800 yuan / ton. The factory quotation of chlorinated paraffin 52 in Northwest China is 4700-5400 yuan / ton. The factory quotation of chlorinated paraffin 52 in East China is 4800-5000 yuan / ton. The factory quotation of chlorinated paraffin 52 in North China is 4500-5200 yuan / T. The factory quotation of chlorinated paraffin 52 in South China is 4600-5100 yuan / ton.

This week, the price of raw material market has been steadily lowered, with insufficient support. Raw material liquid wax market remained stable this week, only some enterprises slightly adjusted the price. Affected by the market and weather, the price of raw material liquid chlorine is stable at the beginning of this week, and the later shipment is not smooth, and the price trend is downward. Downstream chlorinated paraffin is purchased on demand.

3、 Future forecast

Business Club chlorinated paraffin analysts believe that the current chlorinated paraffin raw material market volatility, weakening support. Chlorinated paraffin market stable, downstream due to the decline in operating rate, procurement shortage. It is expected that the price of chlorinated paraffin will decrease steadily in the short term.

According to the monitoring of the business agency, the domestic market price of phthalic anhydride continued to rise this week. As of the 20th day, the price of phthalic anhydride was 7487.5 yuan / ton, which was 7.54% higher than the price of 6962.5 yuan / ton at the beginning of the week, with a year-on-year increase of 19.32%. The domestic market price of phthalic anhydride continued to rise sharply.

This week, the domestic phthalic anhydride market price trend continued to rise sharply, the phthalic anhydride market is active, the downstream demand has increased recently, the price of o-benzene has risen, the trend of plasticizer market has been rising, both upstream and downstream have good support, and the phthalic anhydride price trend has increased significantly. Domestic phthalic anhydride manufacturers have little change in operation. The operating rate of phthalic anhydride is less than 60%. The domestic phthalic anhydride spot supply is tight. The downstream plasticizer industry mainly purchases on demand, while the on-site merchants are reluctant to sell, and the market price is mainly rising. The price trend of phthalic anhydride market in East China continued to rise, with limited high-end transactions. In East China, the mainstream of neighboring France source negotiation was 7400-7700 yuan / ton, naphthalene method was 7100-7300 yuan / ton; in North China, the mainstream quotation of phthalic anhydride market was 7400-7600 yuan / ton, and the market outlook of phthalic anhydride was still in the market, and the market price trend of phthalic anhydride continued to rise.

The domestic price of o-benzene rose sharply this week, with the floor price rising to 4700 yuan / ton, up 4.44% this week. The rise of domestic o-benzene price is a good support for phthalic anhydride market. In addition, the import market of o-benzene in port area has increased, and the external quotation of o-benzene is mainly higher. The actual transaction price is subject to negotiation. The actual list is discussed in detail. In addition, the on-site o-benzene merchants are still in a wait-and-see mood, so the price of o-benzene is still In addition, the domestic market price of phthalic anhydride continued to rise due to the shortage of supply.

The DOP market price of phthalic anhydride downstream rose sharply this week. According to the monitoring of the business agency, the domestic DOP price was 9516.67 yuan / ton as of the 20th day, which was 10.23% higher than the price of 8633.33 yuan / ton at the beginning of the week. The equipment of DOP enterprises started to stabilize temporarily, the price of PVC rose in shock, downstream customers actively purchased and plasticizer transactions rose. In addition, DOP manufacturers started to decline, DOP supply was insufficient, and plasticizer prices rose The force is large. Due to the frequent changes in DOP prices, many manufacturers suspended their quotations. The transaction price is subject to the real-time price. Some manufacturers offer more than 10000 yuan / ton, and the overall DOP price is about 9700-10200 yuan / ton. The downstream market price keeps rising, and the domestic market price of phthalic anhydride rises sharply.

On the whole, the recent rise in crude oil prices, domestic o-benzene prices, together with the domestic plasticizer industry market improved, phthalic anhydride market price trend continued to rise significantly.

In the future, the domestic o-benzene price trend is mainly rising, but the plasticizer trading market is improving, the plasticizer price is rising sharply, and the future DOP price trend is continuing to rise. It is expected that the phthalic anhydride market price will maintain a high volatility trend next week.