According to the price monitoring of the business agency, the domestic spandex market has been declining in the past two months. As of June 23, the average price of 40d specification is 31500 yuan / ton, down 5.41% from April 23, down 3.08% year on year.

Current mainstream price statistics of spandex market (unit: yuan / ton)

20D 30D 40D

Zhejiang 35000-36000 34000-35000 28500-29500

Shandong 36000-37000 34500-35500 29000-29500

Fujian 37000-38000 34500-35500 28500-29500

Jiangsu 35000-36000 34000-35000 29500-31500

At present, the operation is weak and stable, the pace of production and marketing is slow, the supply of spandex factory is stable, and 80% of the industry starts to operate at a high level. Cost end support weakened, downstream terminal market just need to take goods carefully, overall market demand follow-up general. In Jiangsu and Zhejiang area, the reference for 20d spandex mainstream negotiation is 35000-36000 yuan / ton; the reference for 30d spandex mainstream negotiation is 34000-35000 yuan / ton; the reference for 40d spandex mainstream negotiation is 28500-29500 yuan / ton, and the actual transaction details are discussed.

Summary of production and marketing trends of domestic PTMEG manufacturers

Remarks on production capacity (10000 tons / year)

Shanxi 3D 5 parking, no restart plan

Sinopec Great Wall energy chemical 9.2 unit load is not high

Henan Nenghua No.6 parking Center

The load of Xinjiang Meike 5 unit is not high

Low load of 4.6 unit in Tunhe, Lanshan, Xinjiang

In the raw material market, the recent domestic PTMEG market continued to be weak, and the factory negotiated the shipment according to the single, and continued to give limited profit space. At present, the main quotation of 1800 molecular weight goods source is 14000-15000 yuan / ton, and the actual single negotiation is 13800-14500 yuan / ton. There is no restart plan for Shanxi sanwei’s 50000 T / a plant. In the process of Henan energy chemical’s 60000 T / a plant shutdown, Shanghai BASF’s 110000 T / a plant has been restarted, and 50% of the industry’s start-up is over, so the start-up is cautious. The pure MDI market is weak, with the quotation of 13600-14200 yuan / ton telegraphic transfer barrel in East China and 13700-14200 yuan / ton telegraphic transfer barrel in North China. Just before the downstream Festival, a limited amount of replenishment was needed, and the progress of delivery and investment was still slow. With the benefit of the carrier, the delivery was negotiated, and the industry started to maintain a low level of about 40%.

In the lower reaches of Zhejiang Province, Xiaoshao area started work steadily, with the starting level of round machine and yarn wrapping market at 40-60%; in Changshu area, the starting level of round machine market was low, with the overall starting level maintained at 3-40%; in Fujian area, the starting level of lace market was general, with the warp knitting Market at about 5-60%; in Guangdong area, the order follow-up was general, with the starting level of round machine and warp knitting Market at 5-70%. With the off-season atmosphere gradually strong, the end customer demand follow-up is not obvious, most are still sporadic small orders, the overall market just needs to take goods weak, the on-site wait-and-see atmosphere is still strong.

According to the latest statistics of the General Administration of Customs of China, in May 2020, China’s textile and clothing exports reached US $29.554 billion, an increase of 38.36% month on month and a year-on-year increase of 24.02%. Among them, the export value of textiles (including textile yarn, fabrics and products) was 20.648 billion US dollars, up 77.34% year on year; the export value of clothing (including clothing and accessories) was 8.905 billion US dollars, down 26.93% year on year. From January to may 2020, China’s cumulative exports of textiles and clothing amounted to US $97.965 billion, a year-on-year decrease of 0.80%, of which the cumulative exports of textiles amounted to US $59.751.7 billion, a year-on-year increase of 21.30%; the cumulative exports of clothing amounted to US $38.231 billion, a year-on-year decrease of 22.80%.

Business analysts believe that the current raw material market continues to be weak, and the cost side support is weakened. Spandex manufacturers keep normal operation, coupled with the early inventory backlog, the overall market supply is abundant, in addition, the textile industry is in the off-season, the demand for spandex has decreased. The weak cost, weak demand and double negative pressure make the spandex market appear a weak downward trend and a bearish attitude towards the future market. It is expected that the market will maintain a weak and stable operation in the short term.

Price trend:

According to the data monitoring of the business agency, the acetic anhydride market has been stable after the recent price drop. As of June 22, the average price of acetic anhydride enterprises was 5300.00 yuan / ton, down 2.30% from 5425.00 yuan / ton at the beginning of last week, and up 7.07% from the same period last year.

Acetic acid price trend:

As can be seen from the trend chart of acetic acid price, the recent rebound of acetic acid price after bottoming has maintained stability, and the price of acetic acid last week was stable. After June 15, the price of acetic acid remained stable, the price of raw materials of acetic anhydride remained stable, the cost of acetic anhydride remained stable, and the downward pressure of acetic anhydride weakened and the upward momentum increased.

Methanol price trend:

 
From the methanol price trend chart, it can be seen that in June, the methanol price rose first and then fell. After the middle of the year, the methanol market fluctuated and fell, the cost of acetic anhydride fell, and the acetic anhydride market was negative.

Acetic anhydride Market:

The ex factory quotation of acetic anhydride manufacturer is about 5300 yuan / ton, and the price of acetic anhydride is stable. Wang Long Group acetic anhydride equipment started low, less shipments, acetic anhydride up momentum.

Market Overview:

In terms of the production and marketing market of acetic anhydride enterprises, the price of raw materials of acetic anhydride has recently fallen, the cost of acetic anhydride has fallen, and the pressure on the market of acetic anhydride has been great; Wanglong group’s acetic anhydride equipment started at a low level, the shipment of acetic anhydride has decreased, and the power for the rise of acetic anhydride has increased. In general, the production cost of acetic anhydride decreased, the shipment of acetic anhydride enterprises decreased, the sales volume of acetic anhydride decreased, the market of acetic anhydride was good and bad, and the market of acetic anhydride remained stable.

According to the monitoring of bulk data from the business agency, this week (6.15-6.19) East China ethyl acetate Market was in a weak and stable operation, with the average price of 5370 yuan / ton in the week, down 2.59% from the same period last month.

This week, the domestic ethyl acetate Market was in a weak and stable operation. The overall industry started steadily and the spot supply was sufficient. Due to the cautious buying in the downstream market, the demand for ethyl acetate was reduced, the inventory of enterprises was accumulated passively, and the competitive sales among enterprises were conducted. In addition, the delivery schedule of goods in South China market was increased, and the situation of market supply exceeding demand was gradually intensified.

In terms of raw materials, acetic acid is stable and soft. With the recovery of normal production, the market supply is expected to increase. In addition, in the early stage, downstream and middlemen are short of acetic acid, resulting in less market transactions. It is expected that the acetic acid market will decline in a weak way. In terms of ethanol, large factories in Northeast China ordered goods, with low inventory, strong raw material corn, high production cost and stable ex factory price. Enterprises in North China and East China suffered from poor terminal demand, and their quotations weakened.

On the international side, the supply and demand of international ethyl acetate are weak. Affected by the decline of raw material acetic acid, the price of ethyl acetate continues to decline, with European ports at about 800 US dollars / ton and North American ports at about 650 US dollars / ton.

According to analysts of ethyl acetate of business association, at present, the downstream market demand is poor, the market trading is soft, and the rigid demand is insufficient. With the weakening of raw material acetic acid, the short-term bear mentality of ethyl acetate is intensified, and it is expected to run in a weak way in the short term.

1、 Price trend

The ex factory price of urea in Shandong Province rose slightly this week, from 1656.67 yuan / ton at the beginning of the week to 1680.00 yuan / ton at the end of the week, an increase of 1.41%, down 11.89% year-on-year from the same period last year. Overall, the urea market rose slightly this week, with the urea commodity index at 78.14 on June 12.

2、 Market analysis

From the manufacturer’s quotation, the mainstream urea factory price in Shandong Province rose slightly this week. The quotation of Yangmei plain urea this weekend is 1680 yuan / ton, which is 50 yuan / ton higher than that at the beginning of the week; Shandong Ruixing urea this weekend is 1660 yuan / ton, which is 10 yuan / ton higher than that at the beginning of the week; Mingshui chemical urea this weekend is 1700 yuan / ton, which is 10 yuan / ton higher than that at the beginning of the week.

From the perspective of market demand, at present, the wheat harvest season in North China and central China has come to the end, with a slight decline in agricultural demand and weak enthusiasm for goods preparation; in terms of industrial demand, the procurement of downstream compound fertilizer and plate enterprises is more cautious, with more on-demand procurement, on-demand use and moderate follow-up. Supply side: Recently, the start-up of urea enterprises still fell slightly, and the market supply is relatively sufficient. The short-term urea market is expected to fluctuate slightly.

From the perspective of upstream and downstream industrial chain: the urea upstream products in this week have increased slightly as a whole: the price of natural gas has increased slightly, with the quotation rising 0.54% from 2490.00 yuan / ton at the beginning of the week to 2503.33 yuan / ton at the end of the week, down 27.51% compared with the same period of last year; the price of liquid ammonia in this week is temporarily stable, with the quotation of 3083.33 yuan / ton, down 6.19% compared with the same period of last year, and the urea cost in this week as a whole Strong support. This week, the price of melamine in the downstream of urea was temporarily stable, with a price of 5066.67 yuan / ton. The downstream rubber plate factory has a general enthusiasm for urea procurement, which has a negative impact on the price of urea.

3、 Future forecast

In the middle of June, the urea market in Shandong Province may fluctuate slightly. Urea analysts of business club believe that at present, agricultural demand has declined slightly, and downstream industry has general enthusiasm for urea procurement. It is expected that the short-term urea market will fluctuate slightly and fall mainly.

This week, the international oil price surged and fell. The domestic gasoline price rose and then fell, leading the MTBE price to rise and then fell back. According to the data of business agency, the MTBE price this weekend was 3883 yuan / ton, 5.43% higher than the previous week’s price.

On June 7, at the OPEC + ministerial video conference, OPEC agreed to extend its measures to reduce production by 9.7 million barrels per day for one month until the end of July. WTI crude oil and Brent crude oil prices in the United States topped $40 / barrel and $43 / barrel respectively. In the middle of the week, there is a growing concern that the outbreak will give a second strike to crude oil. Meanwhile, as of the week of June 5, the U.S. crude oil inventory unexpectedly increased by 5.7 million barrels, to a record high of 538 million barrels, and the international oil price dropped.

At the beginning of the week, there was a strong positive signal from crude oil. Downstream customers were willing to purchase, MTBE manufacturers delivered goods smoothly, and the market price kept rising. However, in the medium term, the international oil price surged and fell, the purchase willingness of the middle and downstream was weakened, the gasoline delivery performance of refineries was poor, and the transaction atmosphere of MTBE market was also weakened. MTBE manufacturers in Shandong took the lead in opening the price reduction promotion mode, and domestic MTBE prices were opened Correction trend.

Lu Xingjun, an analyst with business news agency, believes that in the short term, international oil prices are facing downward pressure, domestic demand for refined oil is weakening, refinery inventory is rising, and MTBE has not yet been put back in place. It is expected that the domestic MTBE price will be reduced by 200-300 yuan / ton next week.

1、 Price trend

According to the data in the business club’s large list, the price of aniline this week has been stable and moving slightly. On June 5, the price of aniline in Shandong was 4400-4490 yuan / ton, and that in East China was 4600-4820 yuan / ton.

2、 Analysis and comment

This week, the price of pure benzene rose slightly. Crude oil and outer plate have strong support for pure benzene. Port inventory rose in the week, but the increase decreased. Sunday (June 7) price is 3550-3850 yuan / ton (average price 3660 yuan / ton), up 1.67% from last week.

The price of nitric acid has been stable since May 7, and the production price in East China this week was 1433.33 yuan / ton.

This week, aniline was stable as a whole, and individual enterprises cut prices for shipment.

3、 Future expectation

Next week, with the OPEC meeting, the oil price will rise as a whole. The resumption of work and production in foreign countries has been promoted, and the external price is firm. It is expected that the pure benzene will run stronger next week.

Aniline fell in a small space but not enough action, and aniline continued to stabilize in the short term.

1、 Price data:

According to the data monitoring of the business club’s bulk list, affected by the poor downstream demand, the price of bromine in Shandong fell in shock this week. The average price at the beginning of the week was about 29111 yuan / ton, and the average price at the weekend was about 28777 yuan / ton, down 1.15% in the week, down 17.61% compared with the same period last year.

2、 Cause analysis

Products: this week, the production of domestic bromine enterprises remained at a normal level, and the market as a whole fell by about 1000 yuan / ton compared with the end of last month. The enterprise’s shipment was not good, the inventory gradually accumulated, and the spot supply was stable. As the downstream demand failed to rise, the situation of bromine market oversupply will continue to intensify. At present, the quotation of mainstream bromine enterprises is about 27500-29000 yuan / ton.

Industry chain: the market price of sulfuric acid is mainly stable, the inventory of enterprises is low, the downstream demand is flat, and it is kept at about 290 yuan / ton in a week; the price of liquid chlorine stops falling and rebounds, some enterprises are recovering in the process of unit maintenance, the market supply is relatively small, and the demand of downstream market is improving, which supports the sharp rise of liquid chlorine price in two ways. At present, about 700-800 yuan / ton is in Shandong; outside sulfur Due to the tight supply and higher price than the intended purchase price, the domestic market is relatively inconsistent with the high-end price, and the market transaction is slightly flat, at present, about 556 yuan / ton; the domestic soda ash market atmosphere is flat, and the transaction is general, and the overall inventory pressure of the enterprise is still large. Although the manufacturer plans to reduce the inventory of parking maintenance, the overall transaction is still average, at present, about 1266 yuan / ton. The overall operating rate of the main downstream flame retardant market of bromine is less than 50%, the buying atmosphere in the industry is general, the demand for bromine is poor, the starting of pharmaceutical and pesticide intermediates and other industries is flat, and the overall rigid demand is soft.

3、 Future forecast

According to the bromine industry analysts of the business association, at present, the demand side of the downstream market of bromine has no positive improvement, while the bromine market is in the peak season of production, and the situation of market supply exceeding demand is becoming more and more intense. The support for the bromine market is negative, and the market is full of bearish mentality. It is expected that the bromine market in China will be weak in a short period of time.

OPEC + extended production reduction agreement is expected to increase. This week, the international crude oil price continued to rise, driving the downstream gasoline and diesel prices to rise steadily. This week’s domestic gasoline price was 5025 yuan / ton, 2.71% higher than last week’s. The domestic diesel price is 4967 yuan / ton, 0.70% higher than that of last week.

OPEC + will hold a production reduction consultation meeting on June 6. The market released favorable expectations of crude oil producers to extend the production reduction agreement, and oil prices rose continuously. It is widely believed that OPEC + is considering extending the implementation period of its 9.7 million B / D production reduction agreement to July or August at this week’s meeting. According to the previous agreement, the scale of production reduction from July to the end of this year will be reduced to 7.7 million barrels / day. Saudi Arabia and Russia have preliminarily reached an agreement to continue to reduce production. With the rising crude oil price, the supporting effect on the refined oil market is more obvious. In the situation of bullish crude oil, the willingness to purchase and store refined oil in the middle and lower reaches increases, further boosting the market price of refined oil.

In recent years, the domestic weather has turned hot, the gasoline consumption is strong, and the downstream replenishment demand is relatively positive; the overall performance of the diesel market is average, the high temperature weather limits the diesel market demand, but the rigid demand industry still has strong support for the market.

At present, the profit margin of refinery oil products is quite considerable. After the middle of April, the operation rate of atmospheric and vacuum distillation reached a high level of 70%, and in the near future, the operation rate of atmospheric and vacuum distillation reached 75%. The supply and demand of refined oil market rose again.

Lu Xingjun, an oil product analyst with business news agency, believes that although Russia and Saudi Arabia have reached an agreement to extend the production reduction for one month, the situation of production reduction in Iraq and Nigeria is not good, and market concerns are growing. Whether the crude oil price can break through the “floor price” of domestic oil products of $40 / barrel remains variable. It is expected that the domestic oil product market will remain stable next week.

1、 Price trend:

On May 29, crude benzene commodity index was 43.87, unchanged from yesterday, 66.72% lower than 131.84 (2013-01-28), the highest point in the cycle, and 43.65% higher than 30.54, the lowest point on April 8, 2020. (Note: cycle refers to 2011-09-01 to now).

2、 Market analysis:

Crude oil rose this week. Crude oil production continues to decline, gasoline demand shows signs of recovery, and the overall oil price shows an upward trend. However, the contradiction between the supply and demand of crude oil is still prominent, and the oversupply is still the primary problem restricting the oil price. This week, it was reported that Russia began to reduce production in July, and oil prices were under pressure again. Brent was up $1.53/barrel, or 4.66%, on May 22, while WTI was up $2.59/barrel, or 7.79%. Compared with December 31, 2019, Brent decreased by 48.51% and WTI by 41.02%. On July 27, Sinopec’s listing price of pure benzene was increased by 150 yuan / ton to 3500 yuan / ton. Prices rose on Tuesday, supported by positive crude oil and external market conditions.

The crude benzene market has stabilized this week, and the cost pressure in the downstream hydrogenation benzene market remains the same, which suppresses the price of crude benzene. Although the operating rate of hydrogenation benzene has increased to a certain extent, the overall crude benzene inventory is high, there is no demand support, and the price of crude benzene is mainly volatile. As of Friday, the price of crude benzene in Shandong was 2800 yuan / ton, almost the same as last week.

From the perspective of the business community in the aftermarket, it is believed that the crude benzene price is slightly stagnant in the near future when the fundamental influence has not changed greatly. From the perspective of supply and demand, some factors such as small-scale production restriction appear in some areas of coking enterprises in the near future, but the crude benzene supply is relatively stable and the overall inventory is on the high side. The demand of downstream hydrogenated benzene enterprises can digest a certain amount of crude benzene, but the cost pressure restricts the price increase of crude benzene In the short term, crude benzene price will keep stable operation, and in the later stage, crude oil price and downstream hydrogenation benzene operation rate will be mainly concerned.

1、 Price trend

According to commodity data monitoring, domestic isopropanol prices fluctuated in May, and fell slightly throughout the month. At the beginning of the month, the average price of isopropanol in China was 11666.67 yuan / ton, and at the end of the month, the average price was 11566.67 yuan / ton.

2、 Market analysis

In May, the domestic isopropanol market price changed a lot, and the whole month saw a small drop in price. In May, the price of isopropanol showed a rapid downward trend after labor day. After a week of short-term reduction, the market price gradually picked up, and the low monthly price appeared a small shock. Up to now, Shandong isopropanol negotiation range is about 11500-11600 yuan / ton, and Jiangsu isopropanol negotiation range is 11500-11700 yuan / ton. The negotiation range of isopropanol in South China is 11700-11800 yuan / ton. As far as the current international situation is concerned, the market demand for disinfectant in foreign countries will continue for some time, and the favorable factors of isopropanol in China mainly come from the export.

In terms of raw materials, the market price of acetone rose, the acetone market in East China pushed up again, the factory inventory and maintenance plan, the market supply was tight again, and there were few stocks in North China, and most of the supply was replenished from East China or even South China, so that the mainstream offers in East China pushed up 200-300 yuan / ton again, and the market offers 8600-8900 yuan / ton. Currently, the price is high, the stock is rare, and the downstream conflicts are obvious. The market price of propylene in Shandong is still down. Up to now, the mainstream market price is about 6400-6500 yuan / ton. The pressure of the manufacturer’s shipment increases and the inventory slows down, so the propylene price is expected to decline in recent days.

3、 Future forecast

According to the isopropanol analyst of the chemical branch of business society, the market price of raw acetone is rising, and the port quotation in East China is sporadically at a high price of 9000 yuan / ton. The current market has a new record in six years. However, the raw material propylene is weak, and the price is expected to decline. In terms of demand, favorable support from foreign trade will continue for some time. Domestic trade enquiries are more frequent, with the focus on wait-and-see, and the goods are very cautious. At present, the atmosphere of isopropanol market is slightly stalemate. On the whole, the probability of isopropanol price reduction in the short term is small, and follow-up attention will be paid to the change of news.