On July 5, the phthalic anhydride commodity index was 57.42, up 1.3 points from yesterday, down 52.20% from the cyclical peak of 120.13 points (2012-02-28), and up 18.59% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price trend of phthalic anhydride has risen slightly, the market price of phthalic anhydride in East China has rebounded, downstream factories have just needed to purchase, factory inventory is still under pressure, high-end transactions have been blocked, the mainstream of on-site neighbouring source negotiations is 5800-6000 yuan/ton, and the mainstream of naphthalene source negotiations is 5300-5400 yuan/ton; the phthalic anhydride market in North China is still under pressure. Mainstream quotation ranges from 5800 to 6000 yuan/ton, market price rises slightly, quotation of enterprises rises slightly, downstream start-up is not high, on-demand procurement is the main, wait-and-see mentality is strong, domestic phthalic anhydride plant operation is stable, phthalic anhydride spot supply is normal, phthalic anhydride price trend is rising.

Recently, the domestic price of phthalic anhydride upstream product Sinopec o-phthalic acid is 5900 yuan/ton. The import price of o-phthalic anhydride in the port area has risen, and the quotation has risen. Recently, the market of o-phthalic anhydride in the port is general, and the port stock is low. Upstream raw materials mixed xylene price shocks, phthalic turnover is general, port phthalic inventory is low, phthalic external quotation is higher, import phthalic cost shocks, the actual transaction price is detailed, upstream price trend shocks, phthalic anhydride market price rise is limited. Downstream DOP raw material phthalic anhydride price rises, isooctanol price rises, DOP cost rises. DOP price shocks are higher, DOP downstream demand is general, customer purchasing enthusiasm is general, downstream PVC market shocks are stable, DOP market mainstream transaction price is about 7300 yuan/ton, DOP downward pressure is weakened, there is a certain upward momentum, the market price of phthalic anhydride is expected to rise slightly later.

On July 3, the ammonium nitrate commodity index was 103.51, which was the same as yesterday. It was 12.59% lower than the peak of 118.42 points in the cycle (2019-01-15), and 33.79% higher than the low of 77.37 points on October 31, 2016. (Note: Period refers to 2013-02-01 to date).

Recently, domestic ammonium nitrate market price trend is temporarily stable. Affected by environmental protection control, domestic ammonium nitrate plant shuts down more, domestic ammonium nitrate plant starts less, but recently with the warming of the weather, the influence of northern air limitation disappears. In addition, due to the complete shutdown of domestic downstream civil explosion industry, domestic ammonium nitrate manufacturers have more stockpiles. Domestic prices are declining. As of the 4th day, the domestic ammonium nitrate market price negotiation was between 1900 and 2050 yuan/ton, affected by environmental protection, so now many manufacturers in many areas have been forced to limit production or stop production and maintenance for environmental protection inspection, and the price trend of ammonium nitrate in the field is temporarily stable.

Recently, the domestic nitric acid price trend is slightly lower, the market price is 1793.33 yuan/ton as of the 4th day. The decline of nitric acid price has a negative impact on the ammonium nitrate market, and the price trend of ammonium nitrate is stable. The domestic liquid ammonia Market in the upstream is stable, the market performance is weak, the market turnover is still acceptable, and most manufacturers quote. The price of ammonium nitrate Market is temporarily stable. The price of ammonium nitrate Market is temporarily stable. At the end of the peak season of the downstream civil explosion industry recently, the demand for ammonium nitrate has weakened and the stocks of ammonium nitrate manufacturers have increased, but the liquid ammonia market is on the rise again. The ammonium nitrate Market is shaking at a low level because of the bad market. Ammonium nitrate analysts believe that the recent upstream raw material market price shocks, but the downstream demand is not good, ammonium nitrate market prices are expected to maintain shocks in the later period.

Price Trend

The domestic butadiene market has fallen slightly recently. Business Association monitoring showed that the price of butadiene was 8412 yuan per ton as of July 3.

II. Analysis of Influencing Factors

Products: Domestic butadiene market weakness slightly declined, a small number of high-grade goods in Jiutai, Inner Mongolia export in the afternoon, market supply increment, increased downstream inquiry cautious attitude, dragging the market slightly down. The delivery price in Shandong is 8350-8450 yuan/ton, while the reference price in East China is 8800-8850 yuan/ton, which is on the weak side.

On the market side, the market of butadiene in East China is weak, the intention of downstream inquiry is limited, the intention of intermediaries to offer is not high, the delivery price of high-grade products maintains 8850-8900 yuan/ton, and the negotiation of real orders is weak. North China butadiene market trading atmosphere is weak, northern manufacturers have export expectations, the downstream part of the digestion of inventory, middlemen high-quality goods delivered to the offer at about 8500-8550 yuan/ton, the actual single negotiation.

Installation: Yangtze Petrochemical 220,000 tons/year plant, 3

3. Future Market Forecast

Under the continuing weakness of downstream demand, the supply of goods from some factories in the North has been restarted for export, and the increasing supply of spot market has aggravated the atmosphere of market skewness. In the short run, the supply and demand fundamentals of the northern market are weak. Although the spot resources in East China are not large, the downstream rubber market declines, which results in the negative of some downstream manufacturers. The butadiene market fundamentals are difficult to support. Business analysts predict that the domestic butadiene market is weak in the short run. They suggest that manufacturers be the most concerned. New Price and Transaction Guidelines.

On July 1, the phthalic anhydride commodity index was 55.64, up 0.17 points from yesterday, down 53.68% from the cyclical peak of 120.13 points (2012-02-28), and up 14.91% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price trend of phthalic anhydride has been temporarily stable, the market price of phthalic anhydride in eastern China has rebounded, downstream factories have just needed to purchase, factory inventory is still under pressure, high-end transactions have been blocked, the mainstream of on-site neighbourhood source negotiations is 5600-5800 yuan/ton, and the mainstream of naphthalene source negotiations is 5300-5400 yuan/ton. The quotation ranges from 5600 to 5700 yuan/ton, the market price rises slightly, the quotation of enterprises rises slightly, the downstream construction is not high, the procurement on demand is the main, the wait-and-see mentality is strong, the domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride is normal, and the price trend of phthalic anhydride is temporarily stable.

In recent years, the domestic price of phthalic anhydride upstream product Sinopec o-phthalic acid is 5900 yuan/ton. The import market of o-phthalic anhydride in port area is temporarily stable, and the quotation is stable. In recent years, the market of o-phthalic anhydride in port is general, and the port stock is low. Upstream raw materials mixed xylene price shocks, phthalic turnover is general, port phthalic inventory is low, phthalic external quotation is low, import phthalic cost shocks, the actual transaction price is detailed, upstream price trend remains low, phthalic anhydride market price rise is limited. Downstream DOP raw material phthalic anhydride price rises, isooctanol price rises, DOP cost rises. DOP price shocks are higher, DOP downstream demand is general, customer purchasing enthusiasm is general, downstream PVC market shocks are stable, DOP market mainstream transaction price is around 7250 yuan/ton, DOP downward pressure is weakened, there is a certain upward momentum, the market price of phthalic anhydride is expected to rise slightly later.

On June 30, the PX commodity index was 56.00, unchanged from yesterday, down 45.31% from its peak of 102.40 points in the cycle (2013-02-28), and up 22.94% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 1st day. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation. Fuhai Created Aromatic Hydrocarbon Plant started a line. CNOOC Huizhou Refinery and Chemical Plant overhauled. Hengli Petrochemical PX Plant was put into operation. Other units operated steadily temporarily. Because the new plant was put into operation, the domestic market for p-xylene was normally supplied. Benzene market price trend is temporarily stable. The opening rate of PX plant in Asia is about 80%. On June 28, the closing price of p-xylene in Asia dropped by 11 US dollars per ton. The closing price is 818-820 US dollars per ton FOB in Korea and 837-839 US dollars per ton CFR in China. More than 50% of the domestic units need to be imported. The decline of foreign prices has a negative impact on the domestic market price of p-xylene, and the price trend of p-xylene in the market is temporary stable.

On June 28, the price of light crude oil futures for August delivery on the New York Mercantile Exchange fell by $0.96 to $58.47 a barrel, or 1.62%. London Brent crude oil futures for September delivery fell by $0.93 to $64.74 a barrel, or 1.42%. Crude oil prices declined, losing some cost support for downstream petrochemical products, and paraxylene market. Price trend is stable for the time being. Recently, the textile industry has been stabilizing, PTA prices have risen on the 1st day. The average offer price in East China is raised near 6750-6800 yuan/ton. As of the 28th day, the domestic PTA start-up rate is about 95%, the polyester industry start-up rate is about 90%, and the downstream production and sales rate remains high. However, the PTA market price is rising, and the price of PX market is expected to remain volatile in the later period.

Price Trend

The propane market fell first and then rose this week. At the beginning of the week, the average propane market price was 3820 yuan/ton, and at the end of the week, it was 3757.5 yuan/ton. Within the week, the price fell by 1.64%, 12.62% compared with the same period last year.

II. Analysis of Influencing Factors

Products: This week, the domestic propane market shocks and falls, the market turnover atmosphere is general. As of June 28, the propane self-use of Dongming Petrochemical Company in Shandong Province was suspended, while the production of Qingdao Refinery and Chemical Company in Sinopec was suspended for the time being. The ex-factory price of propane in Tianjin Bohai Chemical Industry Group is 3800 yuan/ton, that in Shandong Haiyou Petrochemical Group is 3700 yuan/ton, that in Shandong Huifeng Petrochemical Company is 3870 yuan/ton, that in Shandong Hengyuan Petrochemical Company is 3780 yuan/ton, and that in Shandong Binzhou Dayou Group is 3750 yuan/ton. The ex-factory price of propane in Shandong Zhonghai Fine Chemical Co., Ltd. is 3680 yuan/ton.

Industry chain: The domestic liquefied petroleum gas (Shandong) market rose narrowly this week. At the beginning of the week, the average price of the domestic liquefied petroleum gas market was 3783.33 yuan/ton, and at the end of the week, the average price was 3800 yuan/ton. Within the week, the increase was 0.44%, and the price fell by 8.67% compared with the same period last year. Domestic propylene (Shandong) rose steadily this week. At the beginning of the week, the average price of domestic propylene market was 7612 yuan/ton. At the end of the week, the average price was 7666 yuan/ton. Within the week, the increase was 0.71%, and the price fell by 7.31% compared with the same period last year. May CP, Saudi Arabia: The prices of propane and butane have all fallen sharply. Propane was $430 per ton, down 95 per ton from the previous month; butane was $415 per ton, down 115 per ton from the previous month. This week’s rise in international crude oil boosted the liquefied petroleum gas market and led to higher prices. But at present, the weather is gradually warming up, the market demand is not high, the enthusiasm for purchasing has been reduced, coupled with the fall in July CP price has become a foregone conclusion, negative market mentality, downstream mostly wait-and-see, propane market is weak. Price shocks have fallen.

Industry: According to the price monitoring of business associations, in the 25th week (6.24-6.28) of 2019, there were 30 kinds of commodities rising annually in the chemical sector, of which more than 5% increased, accounting for 3.6% of the monitored commodities in the sector; the first three commodities were calcium carbide (7.55%), crude benzene (6.50%) and hydrochloric acid (5.26%). There are 26 kinds of commodities with a decline of more than 5%, accounting for 2.4% of the monitored commodities in this sector. The products with the first three declines are hydrogen peroxide (-7.36%), butanone (-5.93%) and ammonium sulfate (-4.42%). This week’s average rise and fall was 0.18%.

3. Future Market Forecast

Propane analysts believe that the current demand is still in the off-season, the market is in a situation of oversupply, the fall in CPs prices in July has become a foregone conclusion, downstream market entry caution is mostly wait-and-see. It is expected that the market will still fall in the future.

According to the price monitoring of business associations, the market price of lithium carbonate in East China showed a downward trend in June, and the market atmosphere has not improved since the Dragon Boat Festival holiday. On June 26, the average price of industrial grade lithium carbonate in East China was 70,000 yuan/ton, which decreased by -0.68% at the end of the month compared with the beginning of the month. On June 26, the average price of battery-grade lithium carbonate was 78800 yuan/ton, which decreased by -1.3% at the end of the month compared with the beginning of the month.

By observing the market changes, the price of lithium carbonate remained relatively stable in early June, but after the end of the Dragon Boat Festival, the price began to fall, and the manufacturers said that the order situation in June was lower than in May, and the atmosphere of downstream purchase of lithium carbonate was also relatively lower. The price of lithium carbonate slowly and steadily recovered in the middle of the next month. Because the purchasing volume in the middle and lower reaches of the month was less, it was usually purchased at the end of the month or at the beginning of the month, so the transaction price remained stable and unchanged. The price of lithium carbonate declined in late June, while sales of battery-grade lithium carbonate were not as good as industrial-grade lithium carbonate, and orders continued to decline in July.

At present, the transition period of subsidies recession in lithium carbonate market is over, and the recent bulk bill transactions are scarce. It is obvious that the market demand is not as good as before. This month, the comprehensive price of industrial grade lithium carbonate is between 65,000 and 75,000 yuan/ton, and that of battery grade lithium carbonate is between 74,000 and 85,000 yuan/ton.

According to analysts of business association Lithium Carbonate, from the current market situation, the production of high nickel ternary materials by ternary materials manufacturers has been reduced or delayed, which has led to the weakening of upstream demand. Coupled with the decline in market demand, lithium carbonate prices are expected to operate at a low level in the short term.

Price data

According to the data from the business associations’list, the domestic sulfur market price has been running steadily this week. The average price of granular sulfur manufactured in China this week is about 996.67 yuan/ton, down 8% from the same period last year.

II. Market Analysis

Products: At the beginning of this week, the price of sulphur market was stable and the market performance was quiet. This week, refineries in various regions in China maintained low inventory shipments. According to their own shipments, they operated steadily in a multi-dimensional manner. Downstream demand was weak, and on-site negotiations were mostly deadlocked and wait-and-see. Up to 21 days, the mainstream price of solid sulfur in Shandong area of Sinopec is about 1020-1040 yuan/ton, and that of liquid sulfur is 900-990 yuan/ton; that of solid sulfur in North China is 830-960 yuan/ton, and that of liquid sulfur is 800-910 yuan/ton; that of solid sulfur in East China is 940-1030 yuan/ton, and that of liquid sulfur is 900-990 yuan/ton.

Industry chain: downstream sulfuric acid market is stable and small, price trend is slightly lower, shipment is weak and stable, market turnover is general, downstream market demand is flat, or will continue to be weak and stable trend. The favorable conditions for the downstream sulfuric acid market are limited, and the businessmen are mainly cautious and wait-and-see, while the support for the upstream sulfur market is weak.

3. Future Market Forecast

Sulphur analysts from the Business Society Chemical Branch believe that there is a lack of substantive information guidance on the market at present, the short-term sulfur market is difficult to improve, and it is expected that the latter period will be stable and medium-term consolidation.

I. Overall Trend

This week (6.17-6.21) polyethylene showed a narrow downward trend. The average price of LDPE 2426H in East China monitored by business associations was about 8287.5 yuan/ton; the average price of HDPE 5000S was about 8800 yuan/ton; and the average price of LLDPE 7042 was about 7800 yuan/ton. As of June 21, the price of LLDPE in East China showed a trend of falling first and then rising this week. LDPE prices showed a trend of falling first and then stabilizing this week. HDPE prices showed a steady trend this week.

On June 23, the LLDPE commodity index was 74.70, unchanged from yesterday, down 36.46% from the peak of 117.56 points in the cycle (2013-12-11), and up 0.86% from the low of 74.06 points on June 20, 2019. (Note: Period refers to 2011-09-01 to date)

On June 23, the LDPE commodity index was 64.49, unchanged from yesterday, hitting a new low in the cycle, down 43.10% from its peak of 113.33 on December 08, 2013. (Note: Period refers to 2011-09-01 to date)

On June 23, the HDPE commodity index was 71.33, the same as yesterday, hitting a new low in the cycle, down 30.29% from the highest point of 102.33 on July 24, 2014. (Note: Period refers to 2011-09-01 to date)

II. Market Analysis

Upstream: This week’s international oil price surge. Geographical tensions, supply contraction expectations are the main positive factors, but IEA downward demand expectations restrain the increase. On Monday (June 17), WTI crude oil July futures settled at $51.93 a barrel, down $0.58 from the previous trading day, trading range $51.59-52.73; Brent crude oil August futures settled at $60.94 a barrel, down $1.07 from the previous trading day, trading range $60.74-62.37. On Friday (June 21), WTI crude oil August futures settled at $57.43 a barrel, up $0.36 from the previous trading day, trading range $56.66-57.98; Brent crude oil August futures settled at $65.20 a barrel, up $0.75 from the previous trading day, trading range $64.00-65.76.

Manufacturer dynamics: This week, the overall start-up rate of agricultural film enterprises is about 12%, which is the same as last week. The start-up time of agricultural film enterprises is mainly in August, and the earliest device restart time is in August. Although there is a part of the bargain reserve behavior, but the long-term expectations are weak, the terminal still maintains the idea of bargain purchase.

Futures Trend: On June 21, polyethylene futures L1909 main contract opening price 7775, maximum price 7800, minimum price 7680, closing price 7740, pre-settlement price 7700, settlement price 7740, up 40, 0.52%, turnover 507906, position 652322, daily increase warehouse-17496. (Quote unit: yuan/ton)

Industry: According to the price monitoring of business associations, in the 20th week of 2019 (5.20-5.24), there were 6 kinds of commodities in the price rising and falling list of rubber and plastic plates. The top three commodities were EPS (1.02%), PP (0.99%) and HDPE (0.75%). There are 6 kinds of goods falling in the ring ratio, one of which is more than 5%, accounting for 6.3% of the monitored commodities in this sector. The products of the first three declines are PET (-5.77%), PA6 (-2.78%) and natural rubber (-2.45%). Average gains and losses this week were -0.66%.

3. Future Market Forecast

Looking forward to the future market, business analysts believe that the current two barrels of oil inventory has fallen to a low level, and the factory may need to purchase just next week after a low price replenishment in the early stage, but the overall market is in the off-season and the market demand is not large. Horizontal consolidation is expected to dominate in the near future.

I. Market Review

According to statistics, the domestic fluorite market price trend rose this week, with the weekend price of 3075 yuan/ton, 0.41% higher than the beginning of the week price of 3062.5 yuan/ton, 18.73% higher than the previous year, and the recent fluorite price trend rose slightly.

II. Market Analysis

Domestic fluorite prices rose slightly this week, and the operating rate of fluorite plants did not change much, but downstream demand improved. The spot supply of fluorite was tight. The price of 97 fluorite wet powder in Inner Mongolia was 2900-3100 yuan/ton by the end of the weekend. The mainstream of 97 fluorite wet powder negotiations in Fujian was 3000-3300 yuan/ton, 97 fluorite wet powder prices in Henan were 3000-3200 yuan/ton, and 9 fluorite wet powder prices in Jiangxi area. 7. The price of fluorite wet powder ranges from 3000 to 3300 yuan/ton, and the price trend of fluorite has risen slightly. Fluorite field started to maintain a normal level, recent downstream demand has improved, but the site reflects a tight spot, affected by many factors, fluorite prices rose slightly.

Industry chain: This week, the price of hydrofluoric acid in the downstream fluorite market rose slightly. By the end of the week, the price of hydrofluoric acid was 1,1960 yuan/ton. This week, the price of hydrofluoric acid in the downstream market rose by 0.67%. The price of hydrofluoric acid in the downstream market was a good influence of the fluorite market, and the price trend of fluorite rose. Recent downstream refrigerant trading market is general, downstream refrigerant product unit operating rate is not ideal, upstream fluorite and hydrofluoric acid demand is general, refrigerant market trading market is cold, R22 refrigerant unit surface operating situation is not high, R22 market unit operating rate is low, the main production enterprise bulk water factory offer price is between 18000-18500 yuan/ton, but the production enterprise does not have bulk water spot. Most cylinders are shipped in small quantities. In addition, the actual demand side of the market is low, and the shipping market trend is poor. The domestic market price of R134a has slightly declined, the start-up rate of production enterprises has not changed much, the market demand for refrigerants has weakened, and manufacturers mainly export their products. However, the on-site transaction price does not change much. Businessmen purchase on demand. Recently, due to the general downstream start-up, the market demand for hydrofluoric acid in the upstream has improved, and the price of fluorite market has risen.

Industry: This week, the upstream fluorite industry started to work normally, the price of hydrofluoric acid rose slightly, the spot supply of fluorite products was tight, and the price trend of fluorite market was rising.

3. Future Market Forecast

In the future, the domestic fluorite plant started to work normally in the near future, the market price of the downstream hydrofluoric acid industry rose slightly, and the market of the downstream refrigeration industry improved slightly. Chen Ling, a fluorite analyst with business associations, believed that the manufacturers in the fluorite field reflected the shortage of supply, and expected that prices would rise slightly in the later period, or the price would be around 3100 yuan/ton.