International crude oil prices were running at a high and narrow range. On the 21st, domestic refined oil prices were raised. Domestic gasoline and diesel prices increased by 85 yuan and 80 yuan per ton, respectively. The gasoline market was not willing to follow up. The MTBE market purchased on demand, and the market price declined slightly. The price of MTBE on August 21 was 3683 yuan / ton, down 1.34% from the price at the beginning of the week, according to the business agency.

This week, domestic sunny days are the main, but the domestic hot weather is declining, and the gasoline terminal demand remains rigid. Refineries purchase MTBE and other intermediate materials on demand, and the overall demand atmosphere of MTBE is relatively flat. In addition, domestic gasoline resource supply is still relatively abundant, MTBE manufacturers mainly deliver goods, and MTBE market price drops slightly.

Analysts of MTBE products of energy branch of business agency believe that: the crude oil market lacks the stimulation of good news, and the international crude oil price is running in a narrow range; with the arrival of the traditional peak season of Jinjiu Yinshi, gasoline demand will increase, which is favorable to MTBE market price, and the domestic MTBE market price is expected to rise steadily.

According to the data of bulk commodity list of business agency, the recent average price of formaldehyde in Shandong Province is 866.67 yuan / ton, the current price is down 0.77% month on month, and the current price is 26.29% lower than last year.

Recently, the market price of formaldehyde in Shandong has been stable. As of August 21, the mainstream factory quotation in Central China is about 923 yuan / ton, that of mainstream manufacturers in North China is 755 yuan / ton, and that in East China is 896 yuan / ton. Linyi Jinyuan Chemical has two formaldehyde production lines with an annual production capacity of 80000 tons, formaldehyde content of 37% and load of 50%. Recently, formaldehyde factories in Shandong are affected by environmental supervision, and most of them are self inspection and self inspection. Enterprises in Shandong are weak in start-up and flat in shipment. On the spot trading atmosphere is cold and clear, and the formaldehyde market is mainly stable.

Situation of upstream methanol: the domestic methanol market has weakened recently, some manufacturers have lowered their ex factory quotations, and the unit operating rate of production enterprises in the northwest main production area is maintained at 60-80%, the shipment situation is acceptable, and some enterprises plan to overhaul their units. Overall, domestic methanol market is mainly sorted.

The downstream wood board entered the traditional off-season, the wood demand continued to be weak in the early stage, the environmental protection supervision was strengthened, the market trading atmosphere was flat and light, the formaldehyde enterprises shipped smoothly, the atmosphere of on-site purchasing was cold, and the actual transaction was not good. Formaldehyde market changes little, shock consolidation.

Recently, more and more upstream raw materials run smoothly, and the theoretical profit of formaldehyde enterprises is not good. Due to the flat shipment of formaldehyde enterprises, the formaldehyde analysts of the chemical branch of the business society predict that the domestic formaldehyde price will mainly fall below in the near future.

According to the business agency data monitoring: on August 19, the price of lithium carbonate was still in a relatively stable situation, and the price of industrial grade lithium carbonate increased slightly. On August 19, the average price of industrial grade lithium carbonate in East China was 40000 yuan / ton, which was 0.25% higher than that at the beginning of the week (the average price of industrial grade lithium carbonate in East China was 39900 yuan / ton on August 17), and the average price of battery grade lithium carbonate in East China on August 19 was 44900 yuan / ton, which was the same as that at the beginning of the week (the average price of battery grade lithium carbonate in East China on August 17 was 44900 yuan / ton). On the 19th, the comprehensive market quotation of industrial grade lithium carbonate was around 35000-45000 yuan / ton, and that of battery grade lithium carbonate was around 40000-48000 yuan / ton.

Recently, the atmosphere of inquiry in the lithium carbonate market is relatively strong. As the large lithium salt manufacturers in Jiangxi and Qinghai are in good condition and the prices remain stable, some enterprises try to raise the price of lithium carbonate slightly to test the market acceptance. With the increase of the quoted price, the demand enterprises are still on the wait-and-see situation for the time being, and the game between the two sides is the main one. It is afraid that the end of the month will be a purchasing concentration period.

At present, the downstream demand for lithium iron phosphate and ternary materials has gradually recovered, with obvious increase, and the demand for shipment has improved. In addition, the operating rate of some spodumene lithium extraction smelting enterprises has decreased, which may lead to a relative decrease in the spot market of electric carbon, and some electric carbon enterprises have a tight shipment situation. Whether the future price will rise still depends on the market demand.

According to the price monitoring of business agency, on August 18, 2020, there were 12 kinds of commodities in the list of commodity price rise and fall, including 3 commodities with an increase of more than 5%, accounting for 3.3% of the total number of commodities monitored in the plate; the top three commodities were TDI (10.53%), butadiene (5.85%) and sulfur (5.61%). There were 8 kinds of commodities that declined on a month on month basis. The top three products were hydrochloric acid (- 1.49%), ethylene (- 1.35%) and styrene (- 0.95%).

Lithium carbonate analysts of the business club believe that at present, the turnover of lithium carbonate market is gradually active, the product inventory is gradually declining, and the market demand is rising. In addition, centralized procurement may be expected at the end of the month, and the price of lithium carbonate is expected to be in a state of shock and stability in the short term.

1、 Price trend

According to the business club’s big list data, this week’s domestic toluene market trend is stable. As of Friday, the domestic average price was about 3380 yuan / ton, which was flat compared with last week.

2、 Analysis and comment

This week, the international crude oil price fell back, overall stable, affected by this, toluene price trend is stable this week, at the same time, due to the impact of lower demand for blended oil and solvent, toluene demand declined, market trading was not active, prices were weak and stable. As of the end of last week, the port inventory remained at a high level, about 95000 tons. However, the progress of de stocking was slow. At present, the mainstream price in East China is about 3400 yuan / ton. As the new coronavirus epidemic leads to the reduction of crude oil demand and the impact of geopolitical tightening on economic recovery concerns, the market continues to pay attention to the impact of the continued spread of overseas epidemic on the demand for crude oil, and the progress of the European and American economic recovery rescue plan.

Upstream, crude oil, this week, the international oil price rose and fell. As of Friday, Brent rose 0.255 USD / barrel to 44.515 USD / barrel, up 0.58% month on month. The longer the oscillation lasts, the greater the possibility of large fluctuations in the future. The future market will pay close attention to the fluctuation and breakthrough of Brent crude oil between $42-46 / barrel. The future crude oil demand prospect and oil price trend mainly depend on the trend of global epidemic situation and the orderly recovery of national economy. At the same time, how oil producing countries and oil enterprises adjust their production is also an important factor affecting oil prices.

In the downstream, TDI continued to rise this week, and the atmosphere in the market became warmer. For domestic goods with bill of lading, the reference for outbound offer of domestic goods was 12000-12600 yuan / ton, and that of Shanghai goods with bills was 12200-13000 yuan / ton. It is expected that the short-term TDI market will maintain a small upward trend. In terms of PX market, the listed price of domestic Sinopec’s enterprises is about 4600 yuan / ton this week, and the latest external price is about 536 US dollars / ton FOB Korea and 554 US dollars / ton CFR China. It is expected that the PX market will maintain a stable trend in the short term.

3、 Future forecast

According to toluene analyst of chemical branch of business society: in the short term, OPEC + production reduction, total number of American oil wells and EIA, API inventory data. In the medium term, on the demand side, the economic and trade situation in Europe and the United States, the geopolitical situation between China and the United States, and the continuous deterioration of the global second epidemic situation have an impact on the economic restart of crude oil demand and the recovery progress of the industrial chain. Next week, we will focus on the impact of the continued spread of overseas epidemic on the demand for crude oil due to the economic restart and recovery, as well as the progress of the European and American economic recovery rescue plan. On the whole, it is expected that toluene prices in the domestic market will continue to fluctuate slightly next week.

1、 Price trend

This week, the selling price of sulphuric acid in Shandong is stable temporarily, with the quotation of 427.50 yuan / ton. Overall, this week’s sulfuric acid market temporarily stable, August 14 sulfuric acid commodity index was 66.54.

2、 Market analysis

From the manufacturer’s quotation, the price of mainstream sulfuric acid manufacturers in Shandong this week is temporarily stable, the manufacturers’ inventory is small, and the downstream demand is strong. Heze Jiangyuan quoted 350 yuan / ton at weekend, which was temporarily stable compared with the beginning of the week; Zouping Tianlu offered 240 yuan / ton at weekend, which was temporarily stable compared with the beginning of the week; Jinan Yuanfei quoted 550 yuan / T, which was temporarily stable compared with 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 risen slightly recently, and the cost support is good. However, the market consolidation of monoammonium phosphate and diammonium phosphate in the lower reaches has a positive impact on sulfuric acid, and the price of bromine is also rising steadily, but the increase is small, which 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 of August, the market of sulfuric acid in Shandong Province rose mainly due to small fluctuation. The price of sulfur in the upstream has risen slightly in recent years, and the downstream market has been consolidated at a high level. The demand for sulfuric acid in the downstream is positive, 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 rise.

1、 Price trend

According to the monitoring of bulk data of business agency, the mainstream price of styrene in China fell this week. On Monday (August 10), the price of sample enterprises of business agency was 5266.67 yuan / ton, while on Friday (August 14), the price of sample enterprises was 5250.00 yuan / ton, a decrease of 0.32%. The price fell by 37.38% compared with the same period last year.

2、 Market analysis

This week, the styrene market price fluctuated lower. On August 10, East China styrene closed at 5250-5300 yuan / ton, while on August 14, it was 5250 yuan / ton, down 50 yuan / ton, and the above was Zhangjiagang export price. 50-5300 tons of styrene delivered to the factory on August 10.

In terms of raw materials, crude oil rebounded this week, ethylene and pure benzene supply increased, ethylene prices fell steadily, and pure benzene prices stabilized. This week, the pure benzene was relatively stable. On Thursday (August 13), the mainstream quotation of pure benzene was 3440.00 yuan / ton, which was stable compared with last Friday. The demand for pure benzene this week decreased, the price of downstream was seriously depressed, and the market atmosphere was negative. In addition, the external market of pure benzene continued to fall, and the external news was also difficult to benefit the market. Due to the low inventory of some domestic factories, there was no overseas sales, so the price remained stable.

In terms of ethylene, the mainstream ethylene quotation on Thursday (August 13) was 711.75 yuan / ton, down 23 yuan / ton or 3.13% from 734.75 yuan / ton on Friday (August 7). This week, the supply of ethylene market increased, some downstream profitability was fair, and there was still demand for ethylene.

In terms of inventory, the short-term oversupply situation has not changed, and the mainstream inventory is still at a high level. Total inventory in East China this week was 353400 tons, down 1.48% from 358700 tons last week. Last week, some of the cargo was delayed to unload this week due to typhoon and other influences, resulting in a large amount of cargo arriving at the port. And the carrier accelerated to pick up the goods to inventory, this week individual reservoir area picked up a lot of goods. As for domestic styrene, the styrene operating rate decreased slightly this week, with an average operating rate of 82.96% this week, down 3.64% from 86.6% last week. The decline is limited, so the supply of styrene on the site is still sufficient. However, due to the lack of short-term production increase expectation in the downstream, some shutdown devices still have no clear start-up time, so the demand for styrene remains weak.

Downstream, styrene downstream overall operating rate is good this week, still maintain considerable production and marketing profits. In the PS market, as of Thursday (August 13), the mainstream ex factory price of PS in East China was 7916.67 yuan / T, which was stable compared with last Friday. The supply of some goods was tight this week, but the price remained stable after the market pull-up was blocked.

In the EPS market, as of Thursday (August 13), the mainstream ex factory price of EPS in East China was 8012.50 yuan / ton, flat compared with last Friday. The supply of EPS in East China market is still tight. Some factories accept orders cautiously, and traders are flexible. The terminal demand is difficult to boost. The transaction is still not ideal and the order is deadlocked.

In the ABS market, as of Thursday (August 13), the mainstream ex factory quotation of ABS Zhejiang was 13400.00 yuan / ton, up 650 yuan / ton or 5.1% from 12750.00 on Friday (August 7). This week, ABS prices continued to rise. The market heard that the demand of Southeast Asia and Europe increased, and the flow of import goods from South Korea and Taiwan changed, and most of them went to Europe and Southeast Asia, resulting in a substantial decrease in import materials, which forced the price of domestic materials to rise. In addition, the demand for export appliances surged in August, and the demand for ABS increased. But this week ABS inventory continues to maintain a low level, on-site supply is tight, so the price rises.

3、 Future prospects

Next week, the total inventory in East China will remain high, domestic supply will remain adequate, and downstream demand will remain rigid. The trend of crude oil, ethylene and pure benzene has a great impact on the trend of styrene. It is expected that styrene will maintain shock finishing next week, and the market needs to pay close attention to the price trend of crude oil.

1、 Price trend

According to the business club’s big list data, the price of pure benzene continued to rise this week, boosted by multiple positive. On August 2, the listed price of pure benzene was 3230-3400 yuan / ton (the average price was 3370 yuan / ton); on this Sunday (August 9), the listed price of pure benzene was 3330-3450 yuan / ton (the average price was 3440 yuan / ton), and the average price was 70 yuan / ton or 2.08% higher than last week.

2、 Analysis and comment

This week, Sinopec raised the price by 100 yuan / ton to 3450 yuan / ton. The bottom support was strengthened and the market was reluctant to sell at low prices. Last week experienced the end of the month to fill the short, the enthusiasm for purchasing was high, this week the market mentality fell, spot trading was light. This week, the port inventory of pure benzene continued to rise, restricting the market to recover, but the pressure of pressure to increase has eased, the situation may be better than July.

On the external side, the price of pure benzene fell this week. On Friday (August 7), South Korea imported 436.33 US dollars / ton of pure benzene, down 13.67 US dollars / ton, or 3.04% compared with July 30; and the price of pure benzene imported from East China was 445 US dollars / ton, unchanged from July 30.

In terms of crude oil, international oil prices rose in the first half of the week and fell in the second half. Compared with July 31, Brent was up $1.375 per barrel, or 3.21%, and WTI was up $0.92 per barrel, or 2.27%. Compared with December 31, 2019, Brent decreased by 33.71%, and WTI decreased by 31.73%.

On the downstream side, styrene inventory has increased recently, and the pressure of de stocking is still large. On August 7, the price of styrene in Shandong was 5366.67 yuan / ton, up 0.63% over last week.

At present, the supply and demand of aniline enterprises are stable, and the price is less affected by pure benzene. On August 7, the price of aniline in Shandong was 4200-4330 yuan / ton, and that in Nanjing was 4300-4500 yuan / ton, which was stable compared with last week.

3、 Future forecast

In terms of crude oil, international tensions and the deadlock in negotiations on the new US stimulus plan hit the crude oil market, and it is expected that there will be a major breakthrough in oil prices next week.

At present, the port inventory of pure benzene is still rising, and there are still 20000-30000 tons of pure benzene waiting to be unloaded, which restricts the market situation of pure benzene. However, Sinopec’s tag price was raised, and the bottom support was stronger. It is expected that the rise of pure benzene will slow down next week and maintain the range fluctuation. In addition, attention should be paid to the impact of the safety self inspection incident on the storage of dangerous chemicals caused by the previous incident in Lebanon port.

According to the statistics, the price of xylene is stable at the beginning of this week, and the average price of xylene is 4600.34 yuan / week.

The domestic PX operating rate is about 60%. The operation of Hongrun 600000 ton new unit is stable, Huizhou refining and chemical plant is stable, fuhaichuang plant is on the first line, Pengzhou petrochemical plant is running stably, Yangzi Petrochemical PX unit is running normally, Jinling Petrochemical plant is running smoothly, Qingdao Lidong unit is operating at full load, Qilu Petrochemical plant is running stably The start-up of Urumqi petrochemical plant is about 50%, and Hainan refining and Chemical Co., Ltd. has started a production line. Hengli petrochemical plant is in normal operation, the domestic p-xylene supply is normal, and the domestic p-xylene market price trend is temporarily stable. This week, the operating rate of PX units in Asia is about 70%. The supply of PX goods in Asia is normal. The trend of PX external price is mainly fluctuating. As of the end of the week, the closing prices of PX in Asian region are 524-526 USD / T FOB Korea and 542-544 USD / T CFR China. This week, the external price of PX has little change. More than 40% of domestic products need to be imported, and the closing price of PX external market is shocked Swing to the domestic market to bring a certain support impact, domestic PX market price trend temporarily stable.

The U.S. WTI crude oil futures market price rose this week. As of the 6th, the settlement price of the main contract in the US WTI crude oil futures market was at $41.95/barrel, and the settlement price of the main contract in the Brent crude oil futures market was at $45.09/barrel. The recent rise in crude oil prices is mainly due to OPEC +’s agreement to relax the supply limit for record production reduction, the number of cases in the United States continues to surge, and supported by the good news of compensatory production reduction in Iraq, the crude oil price trend has risen and the domestic p-xylene market price trend has temporarily stabilized.

The price trend of downstream PTA market rose this week. As of the end of the weekend, the PTA Market in East China had been discussed for 3600-3700 yuan. Recently, the starting load of PTA industry was 85%, and the rise of crude oil price supported PTA market price. However, up to now, the domestic loom operating load is at a low point in the same period of 7 years, while the gray cloth inventory in Shengze area is at a historical high, so it is difficult to remove inventory. In addition, it is traditional clothing from July to August In the off-season of the industry, at present, the demand has not recovered. Recently, due to the promotion of crude oil price, PTA market price has increased, but the textile industry demand has not improved significantly, and the PX price trend is stable.

On the whole, the demand of textile industry has not improved significantly, the order performance is not stable, and the terminal demand is poor. For upstream Px, on-demand procurement is the main factor, and the price trend of PX market is stable.

Chen Ling, an analyst at Px, a business agency, believes that crude oil prices have risen slightly in the near future, but the operating rate of downstream textile enterprises is average, and domestic PX market supply is normal. It is expected that the PX market price will maintain about 4600 yuan / ton next week.

Trade name: urea

Latest price (August 5): 1730.00 yuan / ton

On August 5, the factory price of urea in Shandong Province rose, which was 63.33 yuan / ton, or 3.80%, higher than that on August 3. The upstream liquid ammonia has recently hit the bottom and rebounded, with strong cost support. Under the influence of India’s continuous bidding and other favorable effects, the enterprise mentality improved and the market trading was smooth. Today, prices in Shandong, Hebei, Henan, Shanxi, Inner Mongolia, Anhui, Jiangsu and other places increased by 10-80 yuan / ton.

It is expected that the short-term urea market will rise mainly due to small fluctuations: the average price quoted by manufacturers is about 1750 yuan / ton.

In July 2020, the domestic market price of 1 ᦇ antimony ingot will rise. The average price of domestic market will be 36125 yuan / ton at the beginning of the month and 36875 yuan / ton at the end of the month, with an increase of 750 yuan / ton or 2.08 yuan.

The antimony commodity index on July 30 was 51.33, unchanged with yesterday, down 49.83% from 102.32 (2012-10-16), and 9.26% higher than 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

Antimony products are still in the off-season this month. The prices of antimony products have remained stable for most of the time. The transaction is at a low level, and the overall situation is relatively flat. At the end of the month, the non-ferrous metal market is on the rise as a whole. It is mainly affected by the geopolitical tension, the surge of foreign cases and other basic factors. The spot market in the metal period is red, which drives the antimony market up slightly and increases greatly About 500 yuan / ton. As of 30 days, the average price of 2 × low bismuth antimony ingot is 36000 yuan / ton, that of 1 × antimony ingot is 36500 yuan / ton, that of 0 × antimony ingot is 37500 yuan / ton, and that of 2 × high bismuth antimony ingot is 34500 yuan / ton. The market price of antimony trioxide keeps stable with the trend of antimony ingot. As of 29, 99.5% of the average price of antimony trioxide was 33250 yuan / ton, and 99.8% was at 34750 yuan / ton.

As the world’s largest producer of antimony series products, China mainly exports its products. According to the comparison of customs data, China’s export of antimony oxide is about 19758 tons from January to June of 2019; from January to June of 2020, China’s export of antimony oxide is about 18743 tons; compared with the same period of last year, the export of antimony oxide decreased by 5.13% year-on-year. The overall decline in the first half of the year was fair.

The business association thinks that at present, antimony products are still in the traditional off-season, and manufacturers mainly support prices, and the favorable fundamentals drive the metal market to rise strongly. However, when the transaction volume of antimony market is low, most manufacturers mainly support the price, and it is expected that the future market price will maintain a stable trend.