Near the end of the month, the national acetone market continued to fall deeply, with domestic petrochemical manufacturers falling by 700-800 yuan / ton. The listed prices of national petrochemical companies were mostly between 6800-7000 yuan / ton, which was a big drop compared with the previous 10000 yuan acetone market. And the acetone market was nearly cut off in more than a month. According to the monitoring data of business agencies, the highest offer of acetone market in East China was 12300 yuan / ton on June 8, and on July 27 There is still room for single offer of 6800 tons of acetone in East China. At present, the market negotiation is cold and the purchasing mood of the terminal is not high. There is really no minimum but a lower situation. At present, the stock of liquors in the port has dropped to less than 10000 tons. It is expected that the acetone offer will maintain a stable trend at the end of the month.

The domestic factory starts high, the expected arrival volume is moderate, and the short-term market supply is sufficient. At the end of the month, the port inventory is less than 10000 tons. It is estimated that about 5000 tons will arrive from Singapore, Saudi Arabia, Japan and other countries at the end of the month and early August. The overall arrival volume is moderate. The arrival situation in late August is still under tracking. At present, the operating rate of domestic factories is relatively high, only Sinopec well 3 is still in shutdown, and it is expected to start operation at the end of August; the new phenol ketone unit of Zhejiang Petrochemical Company has not been started, and the details are being tracked; other factories have high operating rate, and the overall domestic output is relatively sufficient. At present, some domestic factories are operating as follows:

In terms of raw materials, the narrow rise in the price of pure benzene was mainly due to the expected delay in the import to Hong Kong. At the end of the month, traders were scarce, and the market was pushed up by a narrow margin. Petrochemicals took the opportunity to raise the price by 100 yuan / ton, which improved the atmosphere. Propylene was in a weak position, with transactions mostly at 6650-6700 yuan / ton.

In terms of downstream market, after a short-term correction, the market transaction of bisphenol A fell into crisis again. At present, most of the negotiations are at 9300-9400 yuan / ton. Although the price of raw material phenol is struggling to support, there is no long-term good trend after the terminal demand replenishment. It takes time for the terminal to continue to be good, and the purchase price has declined.

According to the business agency, the factory has significantly lowered the listing price for several consecutive times, so far Sinopec’s guiding price has dropped to 6800-7000 yuan / ton. The downstream isopropanol market orders are moderate, the market demand gradually recovers to moderate, and the demand for raw materials is stable, while other downstream operating rates are still recovering, and some of the previous high-level raw materials have higher costs. At present, there is still downward space for acetone, and the terminal wait-and-see increases. In terms of cost, the acetone market may continue to decline under the imbalance of supply and demand. The business association predicts that the port arrival will be delayed at the end of the month, the port supply will be moderate at the end of the month, the acetone market will remain stable at the end of July, and the acetone market in East China will be at 6700-6900 yuan / ton.

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 on July 27 was 1533 yuan / ton, which was the same as last week.

2、 Market analysis

The price of nitric acid was adjusted in a narrow range. Jiangsu Hongze Yinzhu Chemical Co., Ltd. quoted 1400 yuan / T of concentrated nitric acid, which was 100 yuan / ton lower than last week; Anhui Jinhe quoted 1400-1450 yuan / ton, which was about 50 yuan / ton higher than last week; Shandong helitai Chemical Co., Ltd. quoted 1750 yuan / ton, which was flat compared with last week; Huainan Aodeli chemical products Sales Co., Ltd. offered 1450 yuan / ton of concentrated nitric acid, which was higher Weekly increase of 30 yuan / ton; Wenshui County Synthetic Chemical Co., Ltd., the ex factory price of concentrated nitric acid is 1580 yuan / ton, which is the same as last time; the market demand of nitric acid is fair, the manufacturers adjust flexibly, and the market changes little.

According to the monitoring of the business agency, the upstream liquid ammonia: this week (7.20-24), the domestic liquid ammonia market trend is divided, and the price of some regions has a large downward range. For example, the price of Shandong, the main production area, has dropped sharply, and Hebei has also followed the Shandong market. The market supply surged and the price of liquid ammonia dropped sharply. The price of raw material liquid ammonia fell, dragging down the market of nitric acid. Downstream aniline: this week, aniline continued to stabilize last week. On July 24, the price of aniline in Shandong was 4200-4280 yuan / ton, and that in East China was 4300-4400 yuan / ton.

3、 Future forecast

Affected by raw materials, nitric acid analysts in the business club predicted that the nitric acid upward was hindered.

1、 Price trend

2、 Market analysis

According to the data of the business agency, the market of potassium sulfate in Hebei was stable this week, and the operating rate of potassium sulfate in Mannheim in Shandong Province dropped to 75%, mainly due to equipment maintenance by manufacturers, and the price rose. Mannheim potassium sulfate factory: 50% powder 2550; 50% particles and 52% water soluble powder about 2650. The report station of potassium sulfate manufacturer in water salt system: Xinjiang 52% powder 2450; Qinghai 50% powder 2300. Due to the lack of stock, the agent raised the selling price of potash by 50 yuan / ton from July 20 this week. It is understood that the transaction price of old customers is no less than 2600 yuan / ton. The key is that there is no inventory in each factory, there are more self use (including export) and more to be sent out, so the spot is tight, most of them are in the state of temporary suspension of sales; the price of hydrochloric acid, a by-product, slightly rose to about 70 yuan / ton.

3、 Future forecast

The potassium sulfate analysts of the business society believe that: there is no pressure on the potassium sulfate Market, and the overall price tends to go up, but the industry is short of confidence in its long-term trend for the time being, believing that high profits and high risks will restrict its rising space.

1、 Price trend

The average price of domestic phosphoric acid on July 21 was 4716.67 yuan / ton, down 2.41% from last Tuesday (14th), 4.71% month on month (month on month) and 4.71% compared with the same period last year, according to the big data list of business agency.

2、 Market analysis

The phosphoric acid market continues to be weak in recent years, entering the consumption off-season, and the demand is limited. In addition, there are rainy weather in many places in the south, which suppresses the demand. In addition, the general export, the market trading atmosphere is not high, and the enthusiasm for purchasing inquiry is reduced, so as to maintain the rigid demand. On the whole, the demand side support is insufficient, there is a certain pressure on enterprise shipment, and the market continues to be weak. Recently, the raw material end of yellow phosphorus rebounded and rose, some areas were boosted by this, and slightly increased, while other regions are more wait-and-see attitude, and the future market is likely to rise.

According to the monitoring of the business agency, as of July 21, the average market price of 85% industrial purified water phosphoric acid was about 4700 yuan / ton, the price in Sichuan was 4450-5000 yuan / ton, the price was lower, Guangxi was about 4450 yuan / ton, temporarily stable; Yunnan was about 4500 yuan / ton, slightly pushed up; Beijing was about 4700 yuan / ton; Hubei was about 4600 yuan / ton; Jiang was about 4600 yuan / ton The price quoted in the Soviet area is about 4500-5000 yuan / ton, and that in Tianjin is about 5200 yuan / ton. The prices in different regions are stable and small, and there is little change.

Enterprise specifications up and down from July 21 to July 14

Xingfa group: 85% 4600 yuan / ton 4600 yuan / ton

Content: 85% 5200 yuan / ton 5200 yuan / ton

Hangxing Hongda content: 85% 4700 yuan / ton 4900 yuan / ton – 200 yuan

Sichuan KANGLONG content: 85% 4450 yuan / ton 4600 yuan / ton – 150 yuan

Wengfudazhou content: 85% 5000 yuan / ton 5000 yuan / ton 0

Anda chemical content: 85% 4450 yuan / ton 4500 yuan / ton – 50 yuan

South Yunnan industry and trade content: 85% 4500 yuan / ton 4300 yuan / ton 200 yuan

Guangxi Mingli content: 85% 4450 yuan / ton 4450 yuan / ton 0

Xinfubei content: 85% 4450 yuan / ton 4450 yuan / ton 0

Content: 85% 4550 yuan / ton 4550 yuan / ton

Jinrihe chemical content: 85% 5000 yuan / ton 5000 yuan / ton 0

From the beginning of July to now, except for a few Guizhou phosphate ore enterprises which have lowered the quotation for low and medium grade phosphate ore, the phosphate ore market in other parts of China is mainly weak and stable, and the downstream demand performance is general. Enterprises focus on delivering early orders, and the number of new orders is not large, so they mainly wait and see the market. The phosphate ore analysts of the business club believe that in the off-season, the recent phosphate ore market is still weak and stable operation. Before the downstream demand is not improved in time, it is expected that the phosphorus ore market will have a significant change. Under the operation of maintaining stability and consolidation, there may still be a small price adjustment in some regions to prepare for the accumulated orders.

Last week, the price of yellow phosphorus market went up as a whole, and the rising speed was fast. The downstream purchasing heat was improved, and the market transaction situation was good. Since this week, downstream orders have been reduced, enterprises mainly supply orders in the early stage, and the yellow phosphorus market is temporarily stable. At present, the factory acceptance transaction of net phosphorus in Yunnan is around 14500 yuan / ton. At present, the situation of yellow phosphorus start-up in various regions is general, the manufacturers mainly issue early orders, and the spot supply in the market is tight, and downstream manufacturers have many high price orders. It is expected that the price of yellow phosphorus will continue to rise in the short term.

3、 Future forecast

The phosphoric acid analysts of the chemical branch of the business society believe that the phosphoric acid market continues to be weak in the off-season demand. Recently, the raw material yellow phosphorus has rebounded to the bottom, and the support strength is gradually strengthened. Some regions have a small push up. It is expected that the phosphoric acid will have an upward trend in the short term.

1、 Price trend

This week, the selling price of sulfuric acid in Shandong was temporarily stable, with an offer of 427.50 yuan / ton, up 71% compared with the same period last year. Overall, this week’s sulfuric acid market temporarily stable, July 17 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 upstream and downstream industrial chain, the upstream sulfur market has declined slightly recently, and the cost support is generally. However, the market of monoammonium phosphate and diammonium phosphate in the lower reaches has a positive impact on sulfuric acid, while the low price consolidation of bromine has a negative 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 last ten days of July, the market of sulfuric acid in Shandong was mainly fluctuated. The price of sulfur in the upstream fell slightly, while the rebound in the downstream market was limited. The demand for sulfuric acid in the downstream was generally positive, and the product trend was downward 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 decline.

According to statistics, the price trend of domestic p-xylene factory was temporarily stable this week, with an average price of 4800 yuan / ton at the weekend, which was temporarily stable compared with the price of 4800 yuan / ton at the beginning of the week, with a year-on-year decrease of 31.43%.

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. This week, the external price of PX fluctuates mainly. As of the end of the week, the closing prices of PX market in Asia are 528-530 USD / T FOB Korea and 546-548 USD / t CFR China. Affected by the fluctuation of international crude oil price, the external price of PX has little change this week, and more than 40% of domestic products need To import, PX external market closing price shocks to the domestic market to a certain extent, domestic PX market price trend temporarily stable.

The U.S. WTI crude oil futures market prices fluctuated this week. As of the 16th, the U.S. WTI crude oil futures market prices fell, with the settlement price of the main contracts at US $40.93/barrel, while the Brent crude oil futures market prices fell to US $43.37/barrel. The main reason is that OPEC + agreed to relax the supply limit of record production reduction, while the number of epidemic cases in the United States continued to surge, causing demand concerns Under the influence of crude oil price fluctuation, the domestic p-xylene market price trend is temporarily stable.

This week, the price trend of downstream PTA market did not change much. As of the end of the weekend, East China PTA Market negotiation was around 3500-3600 yuan, and the recent PTA industry operating load was 89%, and crude oil price shocks supported PTA market price. Up to now, domestic loom operating load is at a low point in the same period of 7 years, while Shengze area grey cloth inventory 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, the demand has not recovered yet. It is expected that by the end of the third quarter, downstream clothing manufacturers will start to prepare materials. With the impact of Christmas season, the demand is expected to increase. The PTA market price trend is mainly volatile this week, 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 are mainly volatile in the near future, but the operating rate of downstream textile enterprises is general, and the domestic PX market supply is normal. It is expected that the PX market price will maintain about 4800 yuan / ton next week.

1、 Market price trend chart of paraformaldehyde

Polyoxymethylene price curve

According to the monitoring of the business agency, on July 14, the average quotation of Polyoxymethylene (96) in Shandong was 4433 yuan / ton, and 4400 yuan / ton at the end of last week, up 0.76%.

2、 Market analysis

Shandong aldehyde Chemical Industry Co., Ltd., with an annual output of 30000 tons of paraformaldehyde, Polyoxymethylene (96) ex factory, including tax, quoted 4600 yuan / ton, which was the same as last week. Linyi Shengyang Chemical Co., Ltd., with an annual output of 9000 tons of paraformaldehyde, Polyoxymethylene (96) ex factory, including tax, quoted 4100 yuan / ton, which was 100 yuan / ton higher than last week. Zibo Qixing Chemical Technology Co., Ltd., with an annual output of 10000 tons of paraformaldehyde, Polyoxymethylene (96) ex factory, including tax, quoted 4600 yuan / ton, which was the same as last week. Paraformaldehyde is still in general.

The situation of upstream methanol, domestic methanol market slightly increased. According to the price monitoring of the business agency, the domestic methanol market price was 1635 yuan / ton at the beginning of the week, and 1657 yuan / ton at the weekend, with an increase of 1.38% during the week and a month on month increase of 0.45% compared with the same period of last month. The downstream demand of paraformaldehyde was raised by Lido manufacturers. Summer is the traditional off-season, and the demand for paraformaldehyde is general.

3、 Future forecast

POM analysts believe that: the market demand for paraformaldehyde is general, and the price may maintain stable operation.

1、 Price trend

The comprehensive price of potassium chloride is temporarily stable this week. This week, the average price of mainstream comprehensive quotation of potassium chloride was 1850.00 yuan / ton, which was 21.28% lower than that of the same period last year. Overall, this week’s potassium chloride market temporarily stable, July 10 potassium chloride commodity index was 58.73.

2、 Market analysis

This week, the quotation of mainstream manufacturers of potassium chloride is temporarily stable: the ex factory quotation of Qinghai Salt Lake potassium chloride at weekend is 1820 yuan / ton, which is temporarily stable compared with the beginning of the week; the quotation of Anhui Badou potassium chloride distribution at weekend is 1880 yuan / ton, which is temporarily stable compared with the beginning of the week. The actual turnover of potassium chloride market this week is not good. Overall, the main contradiction in the market is that supply exceeds demand, the trading atmosphere is cold, the downstream procurement is mainly on demand, the overall inventory is low, the purchasing market momentum is low, and the domestic potassium chloride market is stable.

3、 Future forecast

In mid July, the overall trend of potassium chloride market or low consolidation. The market of potassium chloride is facing the pressure of three mountains, namely, the large stock in Hong Kong, the weak demand and the downward trend of international prices. Therefore, the main contradiction in the current market is that supply exceeds demand. Potassium chloride analysts of the business club believe that the short-term potassium chloride market is mainly low consolidation under the influence of supply and demand and raw materials.

1、 Domestic sodium pyrosulfite price trend chart

According to the monitoring of business agency, the price of domestic sodium pyrosulfite continued to keep stable at the bottom this week. The average price of industrial sodium pyrosulfite at the beginning of the week was 1383.33 yuan / ton, and that at the weekend was 1383.33 yuan / ton, with a rise and fall range of 0.

2、 Market analysis

This week, the overall market situation of sodium metabisulfite is still low. The price range of industrial sodium pyrosulfite is 1250-1500 yuan / ton, most of which are around 1400 yuan / ton. The market continues to be strong in supply and weak in demand. Downstream trade entities have a strong wait-and-see attitude. Enterprises mainly complete orders from old customers, but the number of new orders is limited. (the above prices all refer to the external quotation of domestic mainstream enterprises, and some unreported enterprises are not included in the scope temporarily. The prices are for reference only and have nothing to do with the final pricing of manufacturers. Please contact all manufacturers for details.).

This week, the price of domestic soda ash rose slightly by 1.33%, sulfur price remained stable, the processing cost of sodium metabisulfite showed a slight increase trend, the cost of raw materials went up, the terminal demand continued to be weak, the profit margin of manufacturers continued to shrink, and the market price of sodium pyrosulfite continued to decline, with limited space.

3、 Future forecast

Business analysts believe that a small rise in the cost of raw materials will support the future market price of sodium metabisulfite to some extent, and the domestic market price of sodium metabisulfite will stop falling and stabilize as a whole.

According to the feedback of cotton trading enterprises in Qingdao, Zhangjiagang, Shanghai and other places, although with the rise of ice and Zhengzhou cotton, several international cotton merchants and importers have lowered the basis deviation of shipping cotton, bonded cotton and customs clearance cotton (customs clearance cotton: CF2009 + basis), but the inquiry and shipment situation has not improved much, especially the medium and high-quality Brazilian cotton and Indian cotton.

According to the survey, up to now, about 150000 tons of old cotton in 2019 have not been sold in Brazilian farmers’ hands; and some stocks are also in the hands of traders and export enterprises; in addition, the continuous depreciation of real against the US dollar and the outbreak of Brazil’s new crown disease have led to a sharp decline in domestic cotton consumption. Therefore, with the countdown of new cotton listing in 2020, the basis of Brazil cotton has been fully opened and the basis has been lowered In addition, the greater the rise of ice, the greater the reduction of Brazilian cotton basis. On July 5 and 6, the basis of M 1-1 / 8 and SM 1-5 / 32 were 8.25-9.25 cents / pound and 9.5-10.5 cents / pound, respectively, which was 3-4 cents / pound lower than that of Brazil cotton in mid June.

There are four main reasons for India’s cotton price to decline under pressure: first, the Indian epidemic situation is “uncontrollable”, and the domestic cotton consumption is still continuing; second, CCI inventory exceeds 10 million bales (another saying is nearly 2 million tons), considering that it is still necessary to purchase at MSP price in 2020 / 21, cotton textile mills and exporters still do not buy the price despite the repeated reduction of sales price; third, the southwest monsoon is not only responsible for this problem India’s farmers were enthusiastic about planting cotton. As of the end of June, India’s cotton planting area had increased by 165% year-on-year, and the prospect of cotton production was optimistic. Fourthly, China’s textile enterprises and traders were very cautious about signing contracts to purchase Indian cotton due to the border conflict between China and India.

Why did Brazilian cotton and Indian cotton trade get cold again? The author’s views are summarized as follows: first, since July 1, the central reserve cotton wheel has effectively replenished the domestic supply of medium and low quality cotton, and some low grade and low index Indian cotton and Brazilian cotton have been squeezed; second, since the middle of April, China has signed a large number of contracts to import American cotton in 2019 / 20 and 2020 / 21, with large arrival and delivery volume in July / 8 / September, and cotton enterprises choose machines Third, China’s requirements on inspection and Quarantine of Brazilian cotton and Indian cotton from epidemic areas are becoming more and more strict; fourth, as domestic sales orders enter the off-season in July and August, the consumption demand of OE yarn, 21s and below cotton yarn is declining (the proportion of cotton mills and cloth mills with joint production restriction and production reduction is relatively high), and the procurement of low and medium quality cotton decreases.