According to statistics, the domestic market price of hydrofluoric acid is at a low level in the year. As of May 21, the price of hydrofluoric acid is 8780 yuan / ton, which is 14.26% lower than the price trend at the beginning of the year, 21.11% lower than the same period last year. The price of hydrofluoric acid remains at a low level.

Products: in recent years, the price of hydrofluoric acid has declined unilaterally in China. The goods in the hydrofluoric acid yard are generally sold. The domestic spot supply of hydrofluoric acid is sufficient. However, the demand of the downstream refrigerant industry is not good. The market price of hydrofluoric acid is low. In addition, the price of raw material fluorite is falling. The market price of hydrofluoric acid is affected by certain negative effects. The price of hydrofluoric acid in China is slightly lower. As of May 21, the South China hydrofluoric acid market is in a weak position The main stream of acid negotiation is 7500-8000 yuan / ton, and the price of hydrofluoric acid in the northern market is 7500-8500 yuan / ton. In the near future, the price trend of domestic hydrofluoric acid market remains low. The downstream refrigerant industry purchases on demand. The operating rate of the refrigerant industry is low, and the delivery of hydrofluoric acid manufacturers is poor. Some manufacturers report that the price is low in the near future, and some manufacturers report that the loss is serious. The market of hydrofluoric acid has many advantages and disadvantages, and the market price of hydrofluoric acid has hit a new low in the year.

Industrial chain: it can be seen from the industrial chain diagram that the price of upstream and downstream products of hydrofluoric acid will decline in varying degrees in 2020, and the price of upstream fluorite will drop by 11.79%. As of the 21st day, the factory price of fluorite is 2577.78 yuan / ton. The supply of domestic fluorite is sufficient, and the price of fluorite will remain low. The low price of upstream cost will have a negative impact on the market of hydrofluoric acid Grid is affected by low shock. Recently, the price of refrigerant products has recovered. As of the 21st day, the price of domestic R22 products is 15500 yuan / ton, and the price of R134a is 21333.33 yuan / ton. Recently, the sales of automobile industry is in a downturn, and the market trend of refrigerant downstream of the terminal remains low. The demand for refrigerant is not good, the foreign special events are serious, the export of refrigerant terminals is not smooth, which is mainly supplied to the domestic market. However, the starting price of domestic air conditioning industry is low, The demand for after-sales maintenance is weak. On the whole, the demand at home and abroad is lower than expected. At present, the price of refrigerant R22 manufacturer rebounds from the bottom, the inventory is in a reasonable range, and the price rises slightly, while the situation of market price or not appears, and the price mainstream of domestic large enterprises is 15500-17500 yuan / ton. The price trend of R134a market in China is declining, and the unit operation rate of production enterprises remains low. At present, the downstream operation is not high, and the demand for R134a is cold. In the near future, the procurement of downstream industry is not active, and the price drops slightly. The downstream demand is poor, and the price of refrigerant products is still low. The price of hydrofluoric acid market is affected by the negative impact.

In the near future, the operation rate of domestic refrigerant unit remains low, and the market demand for hydrofluoric acid is general, but the downstream R22 price has increased. In addition, some manufacturers report that fluorite price is near the cost line, and there is little room for price decline in the later period. Chen Ling, an hydrofluoric acid analyst of business agency, believes that the market price of hydrofluoric acid is still stable in the short term, and there may be a rebound opportunity in the later period.

According to statistics, the price of phthalic anhydride in the domestic market has increased. As of May 20, the price of phthalic anhydride in the phthalic anhydride process was 4937.5 yuan / ton, down 21.42% year on year. Recently, the price of crude oil has been rising, which has driven the domestic petrochemical products higher, and the market price of phthalic anhydride has recovered.

In recent years, the market price of phthalic anhydride in China has gone up, and the market situation of phthalic anhydride is normal. However, the continuous rise of crude oil price has boosted the domestic petrochemical products, and the market situation of phthalic anhydride has recovered. The operation of domestic phthalic anhydride manufacturers is normal, the operation rate of phthalic anhydride on site is more than 60%, the spot supply of domestic phthalic anhydride is normal, the downstream plasticizer industry mainly purchases on demand, the on-site merchants are bullish, and the on-site price slightly rises. By the end of the 20th, the market price of phthalic anhydride in East China has gone up, and the high-end transactions in the market are limited. The main flow of the negotiation of neighboring method sources in East China is 4900-5200 yuan / ton, the main flow of the negotiation of naphthalene method sources is 4600-4800 yuan / ton; the main flow of the quotation of phthalic anhydride market in North China is 4800-5100 yuan / ton, and the perspective mentality of phthalic anhydride market still exists, the market is normal, and the price of phthalic anhydride is warmer.

In the near future, the execution price of domestic phthalic anhydride upstream product Sinopec has been maintained at 4000 yuan / ton. The imported phthalic acid Market in port area has been kept volatile and stable. In the near future, the phthalic acid Market in port area has recovered and the external price of phthalic acid has been higher. The actual transaction price is subject to negotiation and detailed discussion. This week, the price of international crude oil has been rising. The phthalic acid merchants in the site are bullish and the price of phthalic acid has been stable, but There is an upward trend. Influenced by the crude oil price, the market price of phthalic anhydride has recovered.

The price of downstream DOP market is slightly higher, and the price of isooctanol is significantly higher, DOP enterprises operate at low load, DOP market price is slightly higher, PVC enterprise equipment starts normally, and customer procurement enthusiasm is stable. The market of plasticizer industry has recovered, DOP market quotation is 6800-7200 yuan / ton, market plasticizer transaction enthusiasm is increased, high-speed charges are increased, logistics and transportation costs are increased, downstream market is higher, which is good support for domestic phthalic anhydride market and phthalic anhydride market is warmer.

In the near future, the price of raw material phthalic acid is expected to go up. In addition, the downstream market is expected to pick up. In the later stage, the market price of phthalic anhydride is expected to rise slightly, but the actual demand has not improved significantly, and this increase will not be very large.

1、 Price trend

According to the price monitoring of the business agency, the average ex factory price of the mainstream manufacturers on May 19 twenty-one thousand three hundred and thirty-three point three three Yuan / ton, down from the previous day 1.54% 。 On May 18, R134a commodity index was seventy-nine point two seven , flat with yesterday, a new low in the cycle, higher than the highest point on September 2, 2019 one hundred It’s down 20.73% 。 (Note: cycle refers to 2019-09-01 till now)

2、 Market analysis

Product: R134a refrigerant market was weak on the 19th. In the near future, the price of raw materials continues to decline, the support of cost end weakens, and the terminal demand is still weak. Refrigerant R134a is mostly used in the field of automobile air conditioning, but at present, the automobile industry has not fully recovered its capacity, and the demand is limited. At the same time, new capacity such as domestic feiyuan chemical industry is released, and there is abundant supply in the field, so there is room for further decline in the future. According to the price monitoring of the business agency, as of May 19, the market price of refrigerant R134a was concentrated around 18000 yuan / ton to 24000 yuan / ton, and the actual price was relatively low.

Industry chain: in recent years, the price of domestic hydrofluoric acid market has continued to decline due to the fall of downstream market price and the lower price of upstream fluorite. Most manufacturers have reported a serious loss of hydrofluoric acid in recent years. Overall, the price of domestic hydrofluoric acid market has continued to fall due to the negative impact. As of 15 days, the average price of domestic hydrofluoric acid market is 8830 yuan / ton. Recently, the domestic hydrofluoric acid market continues to decline. The mainstream of hydrofluoric acid negotiation in Fujian Province is 7500-9000 yuan / ton, that in Shandong Province is 8000-9000 yuan / ton, that in Jiangxi Province is 7500-9000 yuan / ton, and that in Inner Mongolia is 7500-8500 yuan / ton. The supply of hydrofluoric acid market is sufficient , the market price continued to fall.

Industry: according to the price monitoring of the business agency, there are 19 kinds of commodities in the rise and fall list of bulk commodity prices on May 18, 2020, among which there are 3 kinds of commodities with an increase of more than 5%, accounting for the number of commodities monitored in this sector 3.4% ; the top three commodities were ethylene（ 19.61% ）Trichloromethane（ 10.53% ）, octanol（ 6.67% )。 There are 13 commodities falling on a month on month basis, and 1 commodity falling by more than 5%, accounting for the number of commodities monitored in this sector 1.1% ; the first three products were potassium chloride (- 13.53% ）, hydrochloric acid (- 3.18% ）, butanone (- 2.63% )。 The average rise and fall of this day is 0.32% 。

3、 Future forecast

According to the refrigerant analyst of business club, at present, the supply of refrigerant R134a is sufficient, but the demand still hasn’t improved, and the market trading is weak. It is expected that the market of refrigerant R134a will continue to decline in the short term.

Commodity index: on May 17, the polyaluminium chloride commodity index was 98.78, unchanged from yesterday, down 9.38% from 109.01 (2019-08-28), the highest point in the cycle, and up 1.52% from 97.30, the lowest point on April 23, 2020. (Note: cycle refers to 2019-04-01 till now)

Quotation: according to the monitoring data of business agency (100ppi. Com), the overall quotation range of polyaluminium chloride (solid, content ≥ 28%) in China in May 2020 has not changed much, but the quotation of some manufacturers in Henan Province has slightly decreased. The main quotation in the first half of the month: industrial grade, liquid and alumina content, 10%-12%, including 350-400 yuan / ton in tax, 860-880 yuan / ton in solid and content 20-21%, 24% yuan in price, 1100-1200 yuan / ton in content, 26% yuan in price, 26% yuan in price, and 1580-2000 yuan per ton in solid content, 28% yuan or ton in spray content. The grade quotation is about 2800 yuan / ton. Some of the price changes are relatively small, and the reduction range is about 50-100 yuan / ton.

Upstream: according to the data of the business agency, in the first half of May, the main factory price of hydrochloric acid in North China showed a fluctuating upward trend, with 1 daily report of 196.67 yuan / ton, up to 206.67 yuan / ton on the 7th and stable quotation of 210 yuan / ton on the 11th. The actual transaction price of the manufacturer shall be subject to negotiation. The upstream liquid chlorine market is generally weak in support of hydrochloric acid, while the downstream dyes, calcium chloride and chloroethane are still mainly purchased according to early demand. Hydrochloric acid market as a whole seems to be declining, and by-product acid is still hitting the market. The pressure of hydrochloric acid delivery is relatively high, and the quality of by-product hydrochloric acid produced by TDI, chloropropene, propylene oxide and methane chloride is relatively good. On the whole, the difficulty of hydrochloric acid delivery is still a big problem. Downstream: demand is still the biggest determinant of product price, while downstream demand is still relatively low.

Industry: during the Spring Festival holiday in January 2020 to February 20, the relevant enterprises in the main production area stopped production and delayed resumption of work; after February 20, the manufacturers in the main production area resumed production one after another; logistics gradually recovered in March, and transportation costs returned to normal; the overall production in April was normal, because the shipment was relatively difficult, some enterprises’ inventory was still high, and the production was affected; in May, the overall market did not have a big profit in the first half of the month Well, it’s going to be weak.

Aftermarket forecast: according to the analysis of the business community, the price of the upstream raw materials has a small change in the near future, but the demand of the downstream is poor, and the high inventory of the manufacturers determines that the current market is still weak. At present, the market atmosphere is relatively low, and the future market is more likely to stabilize.

1、 Price trend of sodium pyrosulfite in China

According to the monitoring of business association, the domestic price of sodium pyrosulfite continued to run at the bottom this week, and the average price of industrial grade sodium pyrosulfite at the beginning of this week one thousand five hundred and seventy-six point six seven Yuan / ton, weekend average one thousand five hundred and seventy-six point six seven Yuan / ton, up or down 0.

2、 Market analysis

Products: this week, the overall market performance of sodium metabisulfite market is average, the upstream raw material product price continues to fall, the main trading body purchases and sells cautiously, the sodium metabisulfite inventory is overstocked, and many bad news are suppressed, some enterprises reduce the factory price again in May, and the overall low price of domestic sodium metabisulfite market goes down again. The market price range of industrial sodium pyrosulfite is 1300-1700 yuan / ton, and most of the prices are 1400-1600 yuan / ton. (the above prices refer to the foreign quotations of domestic mainstream enterprises, some of which are temporarily excluded from the scope. The prices are for reference only and have nothing to do with the final pricing of the manufacturer. For details, please contact each manufacturer for consultation).

Industry: domestic soda price continues to be weak this week, sulfur price keeps moving forward steadily, raw material cost keeps falling, and market price of sodium metabisulfite in the future is under pressure.

3、 Future forecast

Business analysts believe that a lot of negative pressure, it is expected that the market price of sodium pyrosulfite will continue to run at a weak bottom.

1、 Price trend

According to the data monitored by the business association, as of May 14, pet water bottle manufacturers had quoted 5350.00 yuan / ton, and the main negotiation price of the spot was 5350-5450 yuan / ton. The downstream was carefully purchased, and the pet market was shaken.

2、 Cause analysis

In terms of products: domestic pet market is in shock consolidation and operation, downstream just need to purchase, watch carefully, the factory is actively shipping and actively making profits, and the price is kept to the lowest according to the order volume. At present, the mainstream price range in East China is 5350-5450 yuan / ton, while in South China, the price range is narrow shock, the mainstream price range is 5400-5500 yuan / ton, and the actual price is discussed.

Industry chain: crude oil price fell, raw material PTA fluctuated in a narrow range, pet cost support is weak, PTA operation rate is high, transaction atmosphere is cold, and the mainstream price in East China is 3240-3300 yuan / ton.

Industry: on May 13, the rubber and plastic index was 566, down 3 points from yesterday, 46.60% from 1060 (2012-03-14), and 7.20% from 528, the lowest point on April 6, 2020. (Note: cycle refers to 2011-12-01 to now)

3、 Future forecast

Pet analysts of the business club believe that: the downstream is cautious, just need to purchase, and the pet market is stable in the short term. (the above prices are provided by PET major manufacturers all over the country and sorted out and analyzed by PET analysts in business, for reference only. For more details, please contact relevant manufacturers for consultation)

1、 Price trend

According to the monitoring of bulk data from the business agency, affected by the continuous rise in the price of raw materials acetic acid, the domestic price of ethyl acetate has been rising continuously. As of May 13, the average price of ethyl acetate in East China was about 5487 yuan / ton, 3.39% higher than that in early May.

2、 Cause analysis

Product: the price of raw material acetic acid continues to rise. In addition, the recent freight increase is obvious. The two-way benefits drive the price of domestic ethyl acetate to rise. However, due to the low demand in the downstream market, the trade and investment in the industry is light, the enterprise is in cost consideration, more negative operation, and less market transactions. At present, the price in East China is about 5400-5500 yuan / ton, in North China 5250-5550 yuan / ton, and in South China 5600-5700 yuan / ton

Industry chain: upstream, the acetic acid market entered the period of centralized maintenance in May, the supply of acetic acid spot is tight, which is hard to make up effectively in a short period of time. Some enterprises do not offer or ship in limited quantity, and the price continues to rise; the ethanol market is strong, the price of raw material corn is high, the freight is rising, and the inventory is low. At present, the price in East China is about 5750 yuan / ton.

International: affected by the international epidemic, the supply of international ethyl acetate has declined to a certain extent. In addition, the price of raw materials is well supported, and the price of ethyl acetate has increased slightly. Among them, the price of ports in Europe is about 1085 US dollars / ton, and that in North America is about 590 US dollars / ton.

3、 Future forecast

According to the analysis of ethyl acetate in business association, the overall starting and buying performance of ethyl acetate Market is weak at present. The driving force for the price rise of ethyl acetate is due to the strong price of raw materials and insufficient support on the demand side. It is expected that the price of ethyl acetate will be stable and strong in a short period of time. Pay attention to the price situation of acetic acid and ethyl alcohol.

1、 Price trend

This week, the domestic ethanol market continued to be strong. According to the monitoring of the business agency, the domestic ethanol market price at the beginning of the week was 5587 yuan / ton, while the domestic ethanol market price at the weekend was 5750 yuan / ton, up 2.94% in the week, 10.31% month on month and 10.11% year on year.

2、 Analysis of influencing factors

Product: the domestic alcohol market price is firm this week. The price of alcohol in Shandong is partly up, the quotation of enterprises is up, and the export order is weak; the price of anhydrous alcohol in the northern Jiangsu alcohol market in East China is down, others remain stable, and the shipment of enterprises is average; the price of corn alcohol in Jilin in Northeast China is up, the inventory of enterprises is low, and the quotation of enterprises is firm; the price of alcohol in Heilongjiang in Northeast China is up, the price of corn raw materials is high, and the quotation of large factories is up Adjustment, low inventory, low price for small factories; Henan alcohol market consolidation, general enterprise shipment; South China Guangxi alcohol market firm, increased export orders, molasses alcohol order shipment, price hike, anhydrous ethanol enterprise inventory low, price firm; Guangdong alcohol market high offer, recently there are general level goods from other places to Guangdong port, but basically in advance The sales order is the main one, and the price will rise when the inventory is limited; the market in Anhui Province is stable and wait-and-see, the price of raw corn is high, the orders of enterprises are shipped, and the inventory of enterprises is low; the alcohol market in Yunnan Province is generally sold, and the market is slightly increased; the alcohol market in Sichuan Province is not the same, the inventory of enterprises is low, and the orders are mainly shipped.

Logistics: this week, the logistics price rose, the Northeast large factory centralized delivery and less regional return. The freight of Daqing Shandong Zibo, Heilongjiang is 350-400 yuan / ton, Heilongjiang laha Suzhou 480-490 yuan / ton, Anhui Nanchang 250 yuan / ton, Henan Sichuan 500 yuan / ton, Guangxi Qinzhou Guangdong Dongguan 260 yuan / ton.

Industry chain: in terms of raw materials, corn: the spot price of corn in China is rising steadily, and many manufacturers have difficulty in listing to receive grain, so they can only raise the purchase price, but the volume is still average. Many purchasers said that they received less grain from the grassroots or drying tower. At present, the main price of the manufacturers is the contract price, the profits are infinitely compressed, and the pressure of the manufacturers is large. The temporary reserve auction policy has not been issued yet, and the auction should be postponed at a certain rate. The traders have a firm attitude towards price fixing, and the spot price continues to strengthen. The purchase mentality of southern port feed enterprises is cautious, and the delivery is mainly based on the execution of contracts. The shipping schedule shows the increase of import arrivals this month, which has a certain inhibition on the market mentality. In terms of spring ploughing, spring ploughing preparation is basically carried out. At present, rain and snow in some areas have certain impact on the sowing schedule.

Ethyl acetate: this week, the domestic market of ethyl acetate is optimistic. The price of raw materials acetic acid and ethanol continues to be high, which provides strong support for the cost of ethyl acetate. The supplier follows the trend of raw materials rising, and the downstream replenishment after the festival is positive. For the rising trend, the purchase of ethyl acetate is smooth, and the overall transaction of the market is optimistic. However, the substantial demand of domestic ethyl acetate Market is limited, the downstream rational purchase support returns to rationality, traders are still active in hoarding, and maintain the small increase of ethyl acetate market stage. Near the end of the week, Shandong’s mainstream suppliers did not offer, the market can circulate a small amount of goods, the surrounding suppliers continued to report higher, driving the ethyl acetate Market high firm.

3、 Future forecast

Raw material corn is waiting for the news of temporary storage auction to land, the price remains high, the inventory of large northeast factories is low, order delivery (domestic middleman or export) small factories are reluctant to sell at low prices, some enterprises are waiting for more vehicles in front of them, and the short-term price of freight remains high; the delivery price of northeast goods in East China is high, the raw materials continue to rise, the price remains high, and the export orders are reduced Weak, it is expected that the short-term price will remain high under the support of good supply side, while Henan will remain high due to the increase of short-term pick-up and high raw materials, but it is possible that the price will remain weak after the delivery is completed; the South will stay high under the support of good supply side in the short term, but at present, the price in South China has risen to a high level, and there is little room for continuous upward. Business alcohol analysts predict that the short-term ethanol market price is still possible to rise.

1、 Acrylic price trend:

(Figure: P value curve of acrylic acid product)

2、 Market analysis:

Product: according to the monitoring data of business agency, the market of acrylic acid is stable temporarily in the near future. As of May 9, the average price of acrylic acid enterprises was 7400 yuan / ton, which was the same as that of May 6 and 5.53% lower than that of April 29. In the near future, the price of raw propylene has continued to rise, the cost support has been strengthened, some units have been overhauled, the spot supply has been reduced, the downstream operation rate has increased, the downstream enterprises just need to purchase, and the market trading atmosphere is fair. On September 9, the main quotation of acrylic acid in China was around 6900-7800 yuan / ton.

On May 8, the acrylic commodity index was 37.11, unchanged from yesterday, down 62.89% from the cycle’s highest point of 100.00 (2011-09-01), and up 51.04% from the lowest point of 24.57 on November 26, 2015. (Note: cycle refers to 2011-09-01 to now)

Industrial chain: on May 8, the market price of propylene in Shandong continued to rise slightly. Last month, the price of propylene in Shandong Province rose sharply and fell sharply, and then it held steady again, and the market was stable. During the May 1st period, the price of propylene slightly increased by about 50 yuan / ton. On the 6th day, the price rose by 100 yuan / ton again. On the 7th and 8th day, the price rose by 50 yuan / ton continuously. On the 8th day, the market turnover was between 6150-6300 yuan / ton, and the mainstream price was about 6150 yuan / ton.

Industry: according to the price monitoring of the business agency, there are 24 kinds of commodities in the rise and fall list of bulk commodity prices on May 8, 2020, among which there is one kind of commodity with an increase rate of more than 5%, accounting for 1.1% of the number of commodities monitored in the plate; the top three commodities are crude benzene (14.59%), phenol (4.93%) and aniline (4.35%). There are 12 kinds of commodities falling on a month on month basis, and the top three products are styrene (- 1.22%), adipic acid (- 1.21%) and light soda ash (- 1.21%). The average price of this day is 0.57%.

3、 Future forecast:

According to the acrylic analyst of business club, in the near future, the price of raw material propylene has been rising continuously, the cost support has been rising, the supply has been reduced, and the market transaction is active. It is expected that the acrylic market will be stable and positive in the short term, and more attention should be paid to the change of raw material price and the transaction situation in the mainstream market.

1、 Price trend

According to the data of business agency, on May 8, the average ex factory price of oil glycol in North China was 3617 yuan / ton, 1.88% higher than that before the festival.

On May 8, the price of large-scale single can of ethylene glycol in East China was 3515 yuan / ton, up 55 yuan / ton, or 1.59% compared with that before the festival.

2、 Analysis of influencing factors

As of May 6, the glycol inventory in the main reservoir area of East China was about 1.145 million tons, an increase of 64000 tons or 5.92% compared with last Thursday, and an increase of 84700 tons or 7.99% compared with last Monday. During the May Day holiday, due to the increase of arrivals, the inventory increased significantly.

In terms of shipment, this week, the main port of Zhangjiagang delivered about 5800 tons per day, and Taicang delivered about 4600 tons per day to the two warehouses. The delivery is better than before the festival.

At present, the operating rate of ethylene glycol is about 54%, which is higher than that before the festival. The operating rate of polyester downstream is about 85%, which has little change.

In terms of equipment, the 650000 ton glycol unit of Zhenhai Refining and Chemical Co., Ltd. was restarted last week with a load of 80%. The 350000 ton coal to glycol plant in Guizhou is expected to restart in the near future. The ethylene glycol plant with an annual output of 220000 tons of Yangmei group Shenzhou chemical fertilizer Co., Ltd. was shut down on May 7, and the restart time is not determined at present.

3、 Analysis and prediction

During the May 1st period, with the increase of crude oil price, terminal manufacturers also increased their prices, polyester production and sales were booming, and the price of glycol increased accordingly. However, with crude oil price falling, polyester production and sales down, glycol price support is weak.

Although the overseas economy is gradually restarting, it will not have a strong boost impact on the domestic polyester industry chain in a short time. At present, the inventory is on the high side. Although the restart of coal plant has been delayed, the situation that the overall supply exceeds the demand will not be changed. It is expected that the trend of glycol will continue to shock and consolidate in a long time.