May 21 The PX Commodity Index was 60.00, the same as yesterday, down 41.41% from 102.4 at the highest point in the cycle (2013-02-28), up 31.72% from its lowest 45.55 point on February 15, 2016.

(Note: cycle refers to 2013-02-01 to date). According to statistics, 22nd domestic market price trend of xylene, the field installation of Pengzhou petrochemical Plant stable operation, Urumqi petrochemical plant started 50%, Fuhai invasive aromatic device driving a line, CNOOC Huizhou Refining Plant Maintenance, Hengli petrochemical PX device put into production, other devices temporarily stable operation, As a result of the new installation of domestic paraxylene market supply normal, the market price trend of xylene is temporarily stable. The operating rate of PX devices in Asia was around 80%, and on May 21, the market price of xylene for Paraxylene fell by 6 US dollars/ton, closing price was 835-837 USD/ton FOB Korea and 854-856 US dollar/ton CFR China, more than 50% of domestic needs to be imported,

The low price of foreign plate has a certain negative effect on the domestic market price of xylene, and the price trend of xylene in the field is stable. May 21 U.S. WTI crude oil July futures market prices fell, reported 62.99 U.S. dollars/barrels, a decline of 0.11 U.S. dollars, Brent crude oil July futures prices rose, reported 72.18 U.S. dollars/Barrels, The increase is 0.21 U.S. dollars, crude oil price trend decline, for the downstream petrochemical product prices have a certain cost support role, the xylene market price trend is stable. Recent textile industry market stability, PTA price 21st trend small decline, east China’s average price in 6100-6200 yuan/ton near self-mention, as of 21st domestic PTA start rate in about 83%, polyester industry start rate of about 87.5%, downstream production and sales rate to maintain a high, But the PTA market price has changed little, and the late PX market price is expected to be slightly lower.

May 20, the hydrofluoric Acid Commodity Index was 100.54, up 0.63 points from yesterday, down 28.41% from 140.43 at the highest point in the cycle (2018-02-21), up 53.59 from its lowest point of 87.61% on November 30, 2016.

(Note: cycle refers to 2011-09-01 to present) According to statistics, 21st domestic hydrofluoric acid market price trend rose, the current domestic hydrofluoric acid market price of 11130 yuan/ton, domestic hydrofluoric acid start rate of less than 60%, enterprises reflect the current field of hydrofluoric acid spot supply tension, the recent field cargo situation improved, due to the higher raw materials fluorite, Some hydrofluoric acid manufacturers raised the factory price, hydrofluoric acid market price trend rose. At present, the mainstream of hydrofluoric acid talks in the south is about 11000 yuan/ton, and the price of hydrofluoric acid in the northern market is 11000-11500 yuan/ton.

Domestic hydrofluoric acid market price increase, spot supply is slightly reduced, but the demand change is not very large, hydrofluoric acid market price trend rose. Recently downstream refrigerant product plant started in low, the upstream fluorite and hydrofluoric acid demand in general, the recent downstream refrigerant trading market in general, hydrofluoric acid product price shock. Recently terminal downstream refrigerant market trading market cold, R22 refrigerant device surface started in 60%,R22 market installation rate of temporary stability, the main production enterprises Scatterwater factory price of 18000-19000 yuan/ton between, but the production enterprises do not have scatterwater spot, more than a small number of cylinders shipped mainly. In addition, the actual demand for the market changes little, the shipment market compared to the previous increase. Domestic R134A market price trend is not good, production enterprises plant construction rate to maintain low, refrigerant market demand in general, manufacturers shipped to export-oriented.

But the market transaction price changes are not big, merchants on demand procurement, recently due to tight supply, hydrofluoric acid price trend rose. Refrigerant field transaction situation in general, refrigerant industry installation rate to maintain a low, for the upstream hydrofluoric acid market demand is normal, but hydrofluoric acid spot supply is tight, business analyst Chen Ling think hydrofluoric acid market may continue to rise.

May 19 The PX Commodity Index was 60.00, the same as yesterday, down 41.41% from 102.4 at the highest point in the cycle (2013-02-28), up 31.72% from its lowest 45.55 point on February 15, 2016.

(Note: cycle refers to 2013-02-01 to date). According to statistics, 20th domestic market price trend of xylene, the field installation of Pengzhou petrochemical Plant stable operation, Urumqi petrochemical plant started 50%, Fuhai invasive aromatic device driving a line, CNOOC Huizhou Refining Plant Maintenance, Hengli petrochemical PX device put into production, other devices temporarily stable operation, As a result of the new installation of domestic paraxylene market supply normal, the market price trend of xylene is temporarily stable. The operating rate of PX devices in Asia was around 80%, and on May 17, the market price of xylene for Paraxylene fell by 10 US dollars/ton, closing price was 841-843 USD/ton FOB Korea and 860-862 US dollar/ton CFR China, more than 50% of domestic needs to be imported,

The low price of foreign plate has a certain negative effect on the domestic market price of xylene, and the price trend of xylene in the field is stable. May 17 U.S. WTI crude oil July futures market prices fell, reported 62.76 U.S. dollars/barrels, a decline of 0.11 U.S. dollars, Brent crude oil July futures prices fell, reported 72.21 U.S. dollars/Barrels, The decline of 0.41 U.S. dollars, crude oil price trend decline, for the downstream petrochemical product prices have a certain cost support role, the xylene market price trend is temporarily stable. Recently the textile industry market stability, PTA price 17th trend temporary stability, East China newspaper average price in 6250-6350 yuan/ton near self-mention, as of 17th domestic PTA start rate of about 83%, polyester industry start rate of about 88%, downstream production and sales rate to maintain a high, but the PTA market price changes are not big, The late PX market price is expected to be slightly lower.

Price Trend

According to the data monitoring of the business associations’list, the market of caprolactam dropped slightly this week. The average price of domestic liquid caprolactam was 13933.33 yuan/ton at the beginning of the week, 12750 yuan/ton at the end of the week and 1183 yuan/ton at the end of the week, a decline of 8.49%.

II. Market Analysis

This week, caprolactam market prices fell, demand was light, supply sales were slow, the focus of spot transactions was explored. At present, Hubei Sanning caprolactam liquid quoted 13750 yuan/ton, the contract is the main, 140,000 tons of caprolactam plant normal operation; Shandong Luxi chemical caprolactam liquid price 12,000 yuan/ton, cash out of the factory, the first and second phase of the plant normal start-up operation; Baling Hengyi caprolactam liquid quoted 14550 yuan/ton, plant operation, can receive new orders.

III. Industrial Chain

The price of downstream conventional spinning chips maintained a narrow range of fluctuations, manufacturers started work load is general, demand rigid procurement, market inquiries are more cautious.

IV. Future Market Forecast

Business associations have been lactam analysts believe that the domestic market has been downgraded lactam, with the late supply tightening, downstream replenishment of more rigid demand, is expected to show a narrow fluctuation trend in the short term.

On May 15, the ammonium nitrate commodity index was 103.51, up 0.88 points from yesterday, down 12.59% from 118.42 points in the cycle (2019-01-15) and 33.79% from 77.37 points on October 31, 2016. (Note: Period refers to 2013-02-01 to date).

Recently, the price trend of domestic ammonium nitrate Market is temporarily stable. Affected by environmental protection control, domestic ammonium nitrate plant shuts down more, domestic ammonium nitrate plant starts less, but with the warming of the weather recently, 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, and the price trend in the field declines. As of the 16th, domestic ammonium nitrate market price negotiations in 1900-2050 yuan/ton, affected by environmental protection, so now many manufacturers in many areas are forced to limit production or stop production and maintenance for environmental protection inspection, the price trend of ammonium nitrate on the site is temporarily stable.

Recently, the price of domestic nitric acid has risen, up to 16 days, the market price is 1633.33 yuan/ton. The rising trend of nitric acid price has a positive impact on the ammonium nitrate market, and the price trend of ammonium nitrate is stable. The price trend of upstream raw material liquid ammonia is temporarily stable, up to 16 days, the market price of liquid ammonia is 3453.33 yuan/ton. The fluctuation of upstream raw material price brings certain cost to the ammonium nitrate market. Support, ammonium nitrate market price trend slightly lower. 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 remain low in the latter part of the shocks.

On May 14, the ammonium nitrate commodity index was 102.63, which was the same as yesterday. It was 13.33% lower than the peak of 118.42 points in the cycle (2019-01-15), and 32.65% higher than the low of 77.37 points on October 31, 2016. (Note: Period refers to 2013-02-01 to date).

Recently, the price trend of domestic ammonium nitrate Market has risen slightly. Affected by environmental protection control, domestic ammonium nitrate plant has stopped production more and domestic ammonium nitrate plant has started less. However, with the warming of the weather, the influence of air limitation in the North has disappeared. In addition, due to the shutdown of domestic downstream civil explosion industry, domestic ammonium nitrate manufacturers have more stockpiles and the price trend in the field has declined. As of the 15th day, the domestic ammonium nitrate market price negotiation was 1850-2000 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 on the site has increased slightly.

Recent domestic nitric acid price trend is temporarily stable, up to the 15th day, the market price is 1600 yuan/ton. The stable trend of nitric acid price has little effect on the ammonium nitrate market, and the price trend of ammonium nitrate is stable. The price trend of upstream raw material liquid ammonia is temporarily stable, up to the 15th day, the market price of liquid ammonia is 3453.33 yuan/ton. The fluctuation of upstream raw material price brings certain cost support to the ammonium nitrate market. Market prices are slightly lower. 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 remain low in the latter part of the shocks.

On May 13, the ammonium nitrate commodity index was 102.63, which was the same as yesterday. It was 13.33% lower than the cycle peak of 118.42 points (2019-01-15), and 32.65% higher than the lowest point of 77.37 on October 31, 2016. (Note: Period refers to 2013-02-01 to date).

Recently, the price trend of domestic ammonium nitrate Market is temporarily stable. Affected by environmental protection control, domestic ammonium nitrate plant shuts down more, domestic ammonium nitrate plant starts less, but with the warming of the weather recently, 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, and the price trend in the field declines. As of the 14th day, the domestic ammonium nitrate market price negotiations in 1850-2000 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, the price trend of ammonium nitrate on the site slightly declined.

Recent domestic nitric acid price trend is temporarily stable, up to 14 days the market price is 1600 yuan/ton, the stable trend of nitric acid price has little impact on the ammonium nitrate market, and the price trend of ammonium nitrate is stable; the price trend of upstream raw material liquid ammonia is temporarily stable, up to 14 days the market price of liquid ammonia is 3480 yuan/ton, upstream raw material price fluctuation brings certain cost support to the ammonium nitrate market, ammonium nitrate Market Market prices have been slightly lower. 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 remain low in the latter part of the shocks.

Price Trend

According to the data of business associations, the overall price of toluene in China was mainly consolidated this month, down from last week. At the beginning of the week, the average price of enterprises was 5,387 yuan per ton, while at the end of the week, the average price of enterprises was 5,277 yuan per ton, with a weekly amplitude of about 2.05%.

II. Analytical Review

1. Crude oil: This week, the oil market as a whole shook broadly, with many sharp rises and falls, and the surrounding environment fluctuated greatly.

2. FOB Korean toluene reference price is also affected by crude oil. The fluctuation range is 664-679 US dollars/ton. The import reference price in East China also fluctuates between 696-708 US dollars/ton. In Sinopec’s subsidiary company, toluene listing prices have been lowered since the beginning of the week. Port stocks fell slightly, with about 60,000 tons in East China.

3. Downstream: At present, the market information is complex, the trading atmosphere is on the sidelines, the delivery is general, and the downstream delivery is cautious.

3. Future Market Forecast

On the crude oil side, oil prices will fluctuate broadly this week and continue to fluctuate next week, warning of the risk of a sharp fall after breaking upwards, according to toluene analysts from the Business Society Chemical Branch. In the second quarter, there will be more centralized maintenance at home and abroad, and the toluene supply is expected to decrease, and the market is expected to be optimistic. Toluene market or continue to narrow consolidation, do not rule out downside risks.

NEW YORK, May 10 (Xinhua) — COMEX copper rose on Friday, despite uncertainties about the prospects for economic and trade negotiations between China and the United States.

The most active July copper contract rose 0.3 cents to settle at $2.7745 a pound.

Copper prices are sensitive to China’s economic activities, so in recent weeks, the popularity triggered by the Sino-US trade war has dominated the trend of copper prices.

China is the world’s largest consumer of metals, accounting for half of global copper demand.

At the beginning of this year, China and the United States are expected to reach a trade agreement, and China is taking measures to boost economic growth and push copper prices higher. However, in recent days, trade concerns between China and the United States have revived and copper prices have fallen under pressure.

China’s Ministry of Commerce said on Friday that the US has raised tariffs on 200 billion US dollars of Chinese imports from 10% to 25%. China deeply regrets that it will have to take necessary counter-measures.

The eleventh round of high-level economic and trade consultation between China and the United States ended in Washington on October 10, local time. Liu He, member of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council and Chinese leader of the Sino-US Comprehensive Economic Dialogue, said in an interview after the consultation that the two sides had better communication and cooperation. The negotiations did not break down. On the contrary, they were only minor twists and turns in the negotiations between the two countries, which was inevitable. China was cautiously optimistic about the future of the negotiations.

On May 9, the phthalic anhydride commodity index was 62.12, unchanged from yesterday, down 48.29% from the peak of 120.13 points in the cycle (2012-02-28), and up 28.29% from the low of 48.42 points on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price of phthalic anhydride has been slightly lower, the market of phthalic anhydride and phthalic anhydride in eastern China has been weaker, downstream factories have just needed to purchase, factory inventory pressure continues, high-end transactions are blocked, the mainstream of on-site neighbouring source negotiations is 6400-6500 yuan/ton, the mainstream of naphthalene source negotiations is 6100-6200 yuan/ton; the mainstream price of phthalic anhydride market in northern China is 6400-6500 yuan/ton, and the market is weak. The price of phthalic anhydride in China is stable, the spot supply of phthalic anhydride is normal, the market is not good, and the price of phthalic anhydride is declining.

Recently, the executive price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, dropped 300 yuan/ton to 6400 yuan/ton. The actual market transaction price is 6400 yuan/ton. The quotation is declining, and the port market is general. The upstream raw material mixed xylene price fluctuation maintains stable, the turnover of phthalic acid is general, the port phthalic acid inventory is low, the quotation of phthalic acid external market is temporarily stable, the import phthalic acid cost fluctuation, the actual transaction price is discussed in detail, the upstream price trend declines, and the phthalic anhydride market price maintains weak. DOP downstream price is lower, DOP downstream demand is general, customer procurement enthusiasm is not good, DOP market mainstream turnover price is about 8000 yuan/ton, DOP downstream price is still under pressure, downstream price is slightly lower, demand for upstream phthalic anhydride is limited, phthalic anhydride market price is slightly lower, it is expected that the later market price of phthalic anhydride will be around 6300 yuan/ton.