1、 Price trend

2、 Market analysis

Mannheim potassium sulfate factory: about 2700 for 50% powder; about 2800-2850 for 50% particle and 52% water-soluble powder. Report station of potassium sulfate manufacturer in water salt system: 51-52% powder 3100-3150 in Xinjiang; 50% powder 2460 in Qinghai. Due to the recent market recovery, the overall shipping pressure is not high when the construction is not high. In the short term, the market is mainly stable. Southwest and northwest Mannheim potassium sulfate Market is still stable for the time being, with no major change.

3、 Future forecast

Analysts of potassium sulphate of business association think: it is expected that the price of potassium sulphate will be stable in the short term, and it is suggested to pay attention to the operating rate, fertilizer for spring ploughing and logistics transportation.

1、 Price trend

On March 8, the antimony commodity index was 58.64, unchanged from yesterday, down 42.69% from 102.32 (2012-10-16), the highest point in the cycle, and up 24.82% from 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

2、 Market analysis

Upstream and downstream: the price of antimony oxide Market is stable following the trend of antimony ingot on Wednesday. As of Friday, the average price of antimony trioxide is 99.5% at 37000 yuan / ton, and 99.8% at 39500 yuan / ton. The price is stable.

Domestic market: this week’s antimony ingot Market is relatively stable. After the sharp rise in February, this week’s price is relatively stable. The market in Hunan has not yet recovered. In the process of enterprise’s return to work, manufacturers are reluctant to sell. As of Friday, the average price of 2 × low bismuth antimony ingots is 41000 yuan / ton, 1 × antimony ingot is 41500 yuan / ton, 0 × antimony ingot is 42500 yuan / ton, and the average price of 2 × high bismuth antimony ingots is 36500 yuan / ton.

Industry: this week, the basic metals rose first and then suppressed. At the beginning of this week, under the expectation of the Fed’s interest rate cut, the dollar fell sharply, and the low recovery of the basic metals almost all recovered the losses of the previous Friday. However, with the Fed’s unexpected interest rate cut of 50 basis points, the market’s worries about the spread of the overseas epidemic will affect the global economy in the future have been repeated, and the metal surged back.

3、 Future prospects

The spread of global epidemic worries still make market bears ready to move, and guard against the coming of short again. However, as delivery approaches next week, there is a certain degree of resilience in China. The recovery of domestic production may stimulate the increase of bargain hunting, and more basic metals will show a weak and strong feature.

1、 Price trend

Market analysis of potash products

 
According to the data monitored by the business agency, the average factory price of light potash in China this week is 6375.00 yuan / ton, including tax, which is stable. The current price is 7.27% lower than last year.

2、 Analysis of influencing factors

Products: the market of potassium carbonate is stable this week, and the return rate of potassium carbonate enterprises has increased this week, including Jiaocheng County Hesheng Chemical Co., Ltd. and Shanxi Jiaocheng Star Chemical Co., Ltd. which have been back to work. The light potassium carbonate production line of Taiyuan xinyufeng chemical plant has not been started yet; the potassium nitrate has been resumed. The upstream market price of KCl continued to rise, the overall activity of KCl in the North was still higher than that in the south, and the price also showed a significant upward trend. There is a certain price support for potash, the market supply of potash is acceptable, the actual market volume is flat, the downstream purchase volume maintains rigid demand purchase, and the domestic potash market is stable. According to the statistics of the business agency, the main quotation range of domestic industrial grade potassium carbonate this week is about 6200-6600 yuan / ton (the quotation is only for reference), and the quotation varies according to the purchase situation.

3、 Future forecast

According to potash analysts of the business association, the recent consolidation of potash market is the main trend. As a whole, the rise of potash market is a strong support for potash. It is expected that the price of potash in the short term or driven by raw materials will be mainly upward, and the long-term market still needs to wait and see. (the above prices are provided by the major potassium nitrate manufacturers all over the country and analyzed by the potassium carbonate analyst of the business association, for reference only. For more details, please contact the relevant manufacturers for consultation).

On March 2, the TDI commodity index was 58.73, up 0.18 points from yesterday, down 76.32% from 248.02 (2016-10-19), and up 0.31% from 58.55, the lowest point on March 1, 2020. (Note: cycle refers to 2011-09-01 to now)

According to the data in the business club’s bulk list, on the 2nd, the TDI market price in East China was 11100 yuan / ton. Yesterday, the market slightly increased. The factory had a clear attitude towards the market. The industry followed the factory’s policy and was reluctant to sell at a low price. However, the downstream demand recovery was slow, the purchase was limited, and the transaction was rarely heard. At present, 10800-11000 yuan / ton is the reference for domestic delivery with bills, and 11000-11200 yuan / ton is the reference for Shanghai delivery with bills. In terms of nitric acid, the enterprises started work gradually, and the market supply gradually recovered, supported by aniline. However, the nitric acid market demand is limited, coupled with the impact of transportation, and the market demand is general. At present, the average production price in East China is 1500 yuan / ton, down 3.23% from yesterday. In terms of toluene, compared with the previous trading day, Sinopec’s central China enterprises today lowered the price of toluene by about 400 yuan / ton. Affected by market concerns, the international crude oil market continued to decline, and the domestic market toluene price or shock finishing operation.

According to the analysis of the data analyst of the business agency: last week, the domestic market was narrower and stronger, and the factory had a clear attitude towards the market. At present, the logistics is gradually recovering, and the demand may be increased, but the overall downstream inventory is high, the inquiry intention is insufficient, and the wait-and-see attitude is obvious. It is expected that this week’s market interval is mainly sorted out, and the market news is focused.

On March 1, the hydrofluoric acid commodity index was 100.73, unchanged from yesterday, down 28.27% from 140.43 (2018-02-21), the highest point in the cycle, and up 87.96% from 53.59, the lowest point on November 30, 2016. (Note: cycle refers to 2011-09-01 to now).

According to statistics, the price trend of domestic hydrofluoric acid market continues to rise. Up to now, the price of domestic hydrofluoric acid market is 11340 yuan / ton, and the operation rate of domestic hydrofluoric acid is more than 60%. Enterprises report that the supply of spot hydrofluoric acid goods in the field is tight at present. Due to the impact of the epidemic situation, some units have not been started, and the market of goods in the hydrofluoric acid field has improved recently. Due to the general downstream demand, hydrofluoric acid manufacturers The price of hydrofluoric acid continued to rise after the factory price was raised. At present, the mainstream of hydrofluoric acid negotiation in the south is 11000-11500 yuan / ton, and the price of hydrofluoric acid in the north market is 10500-11500 yuan / ton. The price of hydrofluoric acid in the domestic market is rising, and the supply of spot goods is tight, but the demand situation is not improved obviously, and the price of hydrofluoric acid is rising.

The price of upstream fluorite market is higher. Recently, fluorite manufacturers are limited to start production. The supply of fluorite is very tight. Fluorite price has been at a high level. As of the 2nd day, the price of fluorite is 3133.33 yuan / ton. The rising price of upstream raw materials brings certain cost support to hydrofluoric acid market. The price trend of hydrofluoric acid market is affected by the price support of raw materials fluorite. In the near future, the transaction market of downstream refrigerants of the terminal is general. At present, the automobile industry is gradually back to work. The domestic R22 supply is normal. The market price trend of domestic refrigerants R22 is temporarily stable. The starting load of the manufacturer’s production units is still not high. The supply of goods in the market is general. The downstream air conditioning manufacturers stop more and the demand changes little. The price mainstream of domestic large enterprises is 16500-18500 yuan / ton. The price trend of domestic R134a market is temporarily stable, and the unit operation rate of production enterprises remains low. At present, the downstream operation is not high, and the demand for R134a is average. At present, the supply of R134a in the market is normal, and the price remains stable, while the downstream purchase is still on demand. The downstream market is average, and the price trend of hydrofluoric acid market is rising.

Generally speaking, the turnover in the refrigerant field is not very big. For the upstream hydrofluoric acid market, the unit operation rate of the refrigerant industry has little change. However, with the shortage of fluorite supply and certain support for the cost, Chen Ling, an analyst of the business club, thinks that the market price of hydrofluoric acid may continue to rise slightly.

1、 Price trend chart of nitric acid Market

According to the monitoring of business agency, the average price of nitric acid in East China at the beginning of this month was 1583 yuan / ton, while the average price at the end of this month was 1550 yuan / ton, down 2.11%.

2、 Market analysis

Products: the price of concentrated nitric acid enterprises rises first and then falls, Jiangsu Hongze Yinzhu chemical industry stops reporting; Anhui Jinhe Chemical Industry Co., Ltd. offers 1450 yuan / ton, 50 yuan / ton higher than the beginning of the month; Wenshui County Synthetic Chemical Co., Ltd. offers 1860 yuan / ton, 110 yuan / ton higher than the beginning of the year; Shandong helitai Chemical Industry Co., Ltd. offers 1700 yuan / ton, 100 yuan / ton lower than the beginning of the month; nitric acid market demand is light and stable. Affected by the epidemic situation, nitric acid enterprises began to work gradually and the market supply recovered slightly.

Industry chain: upstream, the market of liquid ammonia in this month is declining, and the demand for less goods is picking up near the end of the month, so the price is going up; downstream, the price of aniline is going up in this month; TDI is going down in this month.

3、 Future forecast

Nitric acid market demand is difficult to change, the business agency nitric acid analysts expect that nitric acid will mainly shake adjustment.

1、 Price trend

The average price of formaldehyde in Shandong Province is 1053.33 yuan / ton in recent days, according to the data in the commodity list of business association. The current price is down 12.95% year on year.

2、 Market analysis

Products: the domestic formaldehyde market price is low and consolidated. As of the 26th, Hebei’s mainstream factory quotation is about 1000 yuan / ton, Shandong’s mainstream factory quotation is 1000 yuan / ton, and Jiangsu’s mainstream factory quotation is 1200 yuan / ton. The annual output of 120000 tons formaldehyde plant in Linyi Yinhe, Shandong Province has not been restarted, with the formaldehyde content of 36.7-37%. Linyi Jinyuan Chemical Co., Ltd. has two formaldehyde production lines with an annual production capacity of 80000 tons and formaldehyde content of 37%, which have been restarted. Formaldehyde manufacturers are returning to work one after another, but overall, the operating rate is low, the formaldehyde market transaction is light, and the price remains stable.

Industrial chain: the trading atmosphere of domestic methanol market has changed, and the volume of transactions is significant. This week, the mainland market as a whole showed a trend of stability first and then growth, mostly around 50-100 yuan / ton; the trend of the port was more volatile, and Taicang, Fujian and other places rose 10-30 yuan / ton. The methanol to olefin unit in Northwest China started to be upgraded, and phase II of Jiutai in Inner Mongolia and Baofeng in Ningxia recovered to full capacity production. The polypropylene brand is the raw material for mask production. The inventory of two major ports in East China and South China continued to increase, with a total social inventory of 930200 tons, an increase of 14100 tons compared with last week. There are some supporting factors for formaldehyde. The downstream market is still at a low level, with little increase in demand. The trading atmosphere of formaldehyde market is cold, the actual transaction is light, and the formaldehyde market is low and consolidated.

3、 Future forecast

Recently, the transaction activity of methanol market in the upstream obviously indicates that the volume and price will rise in some parts, but the overall recovery of the downstream market still takes time, and formaldehyde manufacturers are also actively returning to work. Therefore, formaldehyde analysts of the chemical branch of business society expect that the domestic formaldehyde price or low consolidation will be the main trend in the near future.

1、 Acrylic price trend:

The average price of acrylic acid enterprises as of February 24 was 7166.67 yuan / ton, up 1.42% compared with that of last Monday (February 17), and down 3.59% year-on-year in a three-month cycle, according to the bulk list of business associations. The main quotation of acrylic acid in China was around 7000-7300 yuan / ton on the 24th.

2、 Market analysis:

Product: acrylic market rose on February 24. The industry’s operating rate is very low, and the market supply is mainly to digest inventory. With the easing of transportation restrictions, the resumption of work is comprehensively promoted, and market trading is increasingly active. At present, the price of acrylic acid in Shandong Yukang Chemical Co., Ltd. is 7600 yuan / ton for puic acid, 8100 yuan / ton for refined acid, and the specific transaction price is actually discussed; the price of acrylic acid in Jinan aochen Chemical Co., Ltd. is 7500 yuan / ton for puic acid, 8500 yuan / ton for refined acid, and the specific transaction price is actually discussed; the price of acrylic acid in Wanhua chemical and Petrochemical Co., Ltd. is stable, mainly for contracts and stable customers. At present, acrylic acid The price is 7000 yuan / ton.

On February 24, the acrylic acid commodity index was 35.94, up 0.51 points from yesterday, down 64.06% from the cycle’s highest point of 100.00 (2011-09-01), and up 46.28% from the lowest point of 24.57 on November 26, 2015. (Note: cycle refers to 2011-09-01 to now)

Industrial chain: on February 24, the market turnover of the upstream propylene in Shandong is about 6600-6800 yuan / ton, and the mainstream price is about 6600 yuan / ton. At present, there are still many units in the upstream which are shut down for maintenance. In the short term, the supply is difficult to recover, and the propylene output is small. However, the terminal manufacturers have started to resume work one after another, and the logistics and transportation have also recovered. In the later period, the downstream of propylene oxide and acrylonitrile are expected to further recover. The demand for propylene is obviously increased, and the PP futures market continues to climb. Recently, the market digests the previous increase. Therefore, it is expected that in the short term, C The market price of alkene may be stable.

Industry: according to the price monitoring of the business agency, there are 15 kinds of commodities rising month on month in the price list of bulk commodities on February 24, 2020, including 1 kind of commodity rising by more than 5%, accounting for 1.2% of the number of commodities monitored in this sector; the top three commodities are fluorite (6.84%), urea (3.17%) and hydrochloric acid (2.81%). There are 14 kinds of commodities decreased on a month on month basis, and 1 kind of commodities decreased by more than 5%, accounting for 1.2% of the number of commodities monitored in this sector; the top three products decreased were hydrogen peroxide (- 8.36%), chloroform (- 2.44%) and phenol (- 1.81%). The average rise and fall of this day is 0.03%.

3、 Future forecast:

According to the acrylic analyst of the business club, in the near future, the cost of raw material propylene has increased significantly, and the operating rate of acrylic acid manufacturers is close to the bottom, mainly to digest inventory. The downstream demand is further recovering. It is expected that in the short term, the acrylic acid Market will be mainly stable, and more attention should be paid to the raw material price and the transaction situation in the mainstream market.

Adipic acid market trend chart

According to the data of the business club’s large list, on the 24th, the domestic adipic acid market was still weak. Compared with last week, it did not improve. The price did not change much. There were not many dealers in the market. Many dealers were subject to transportation difficulties, the inventory was difficult to digest, and many places were delayed to return to work. The current manufacturer’s operating rate remained stable, slightly higher than last week, and the manufacturer’s inventory pressure was on the rise 。 Today, I learned from some dealers that most dealers did not return to work, especially small and medium-sized traders, which was not ideal. The market shows whether there is a price or not, and the price is mostly the same as last week. Many dealers do not offer prices temporarily, and some prices are slightly loose, ranging from 100 yuan / ton up to down. The price reference is 8000-8200 yuan / ton. There are many large factories returning to work, but the operating rate is still not up to the level before the festival. The dealers’ inventory is mostly pre Festival reserve. At the beginning of the week, the dealers’ procurement is rational, most of them are only out of the market, and the social inventory has a downward trend compared with the manufacturers’ inventory. In addition, the transportation obstruction energy is the biggest problem that puzzles the whole industry. Affected by the traffic control, the speed of goods transportation further slows down.

In the later stage, the business club predicted that with more dealers returning to work in large areas, the market demand for adipic acid is expected to recover in a phased manner, and the price is expected to rebound, but the strength of the increase needs to be further observed.

1、 Price trend:

According to statistics, the trend of domestic p-xylene ex factory price this week is temporarily stable. The weekend average price is 6300 yuan / ton, which is the same as that at the beginning of the week, down 28.41% year on year.

2、 Market analysis:

Products: this week, the domestic market price trend of p-xylene is temporarily stable, the domestic PX operation rate is maintained at more than 70%, the operation of new 600000 ton Hongrun unit is stable, the operation of Huizhou refining and chemical unit is stable, the first line of Fuhai Chuang unit is started, the operation of Pengzhou petrochemical unit is stable, the operation of Yangzi Petrochemical PX unit is normal, the operation of Jinling Petrochemical unit is stable, the operation of Qingdao Lidong unit is full load, Qilu Petrochemical equipment is stable With stable operation, Urumqi petrochemical plant starts at about 50%, Hengli petrochemical plant operates normally, and domestic p-xylene supply is normal. Due to the fluctuation of crude oil price, the domestic market price of p-xylene is temporarily stable. This week, the operating rate of PX plant in Asia is more than 70%, and the supply of PX in Asia is normal. This week, the external price of PX rises slightly. As of the end of the week, the closing price of PX market in Asia is 734-736 US dollars / ton FOB South Korea and 754-756 US dollars / ton CFR China. Affected by the rising international crude oil price, the external price of PX rises slightly this week, and more than 40% of domestic products need to be imported , the closing price rise of PX external market has a certain positive impact on the domestic market, and the price trend of domestic PX market has increased.

Industry chain: the closing price of international crude oil rose slightly this week. As of the 20th, the price of WTI crude oil futures market in the United States rose, with the main contract at 53.88 yuan / barrel. The price of Brent crude oil futures market rose, with the main contract at 59.31 USD / barrel. Since February 11, the oil price has risen for eight consecutive trading days. On the one hand, the impact of China’s epidemic has been gradually digested, and the market demand for crude oil has declined On the other hand, the rise of US sanctions on Venezuela and OPEC’s reduction in production are good for oil prices to continue to rebound. The rise of crude oil price is a great positive influence of domestic chemical products, and the domestic market price trend of p-xylene is temporarily stable. The price trend of PTA Market in the downstream of this week fluctuated. By the end of the week, the PTA Market in East China had been negotiated around 4400-4500 yuan. The terminal textile was gradually resumed this week, and the operating rate was slowly increased. However, the polyester and PTA load was maintained at more than 60%. The upstream of the industrial chain was under great pressure to go to the warehouse, the low oil price was stabilized and recovered, and the cost support was strengthened under the environment of low processing cost. The short-term long-term long-term game continued to fluctuate Focus on the progress of demand recovery. In the near future, the crude oil price is higher, and the market price trend of p-xylene is temporarily stable.

Industry: the textile industry started to improve this week, but during the epidemic, transportation was difficult, crude oil prices rose slightly, and the market price trend of p-xylene was temporarily stable.

3、 Future forecast:

Chen Ling, an PX analyst at business club, believes that the recent high crude oil price, coupled with the continuous resumption of downstream textile enterprises, has led to a rise in the operating rate of downstream textile industry, and the supply of domestic PX market is normal. It is expected that the PX market price will maintain 6300 yuan / ton next week.