Acetic anhydride prices fluctuated and fell in May, according to data from business associations. As of May 30, the average price quoted by acetic anhydride enterprises was 4633.33 yuan/ton, which was 16.27% lower than that quoted by acetic anhydride enterprises at the beginning of the month, and 44.34% lower than that of the same period last year.

II. Market analysis:

Product analysis:

In May, the domestic acetic anhydride ex-factory quotation fell and the market transaction price fell. As of May 30, most of the region’s ex-factory quotations were between 4350 and 4600 yuan/ton. The actual transaction price fell. The actual transaction price in Shandong was about 4400 yuan/ton. The price fell. The market quotation was the reference price. The actual transaction price was based on actual negotiation. Acetic anhydride factory equipment start-up rate is higher, the downstream sales of acetic anhydride is cold, the market of acetic anhydride is general, the downstream pressure of acetic anhydride is larger.

Acetic anhydride raw material acetic acid price shock fell in May, methanol price shock rose. As of May 30, the price of acetic acid was 2576.67 yuan/ton, down 140 yuan/ton, or 5.15% compared with the price of acetic acid at the beginning of the month. The price of methanol rose sharply in May. As of May 30, the price of methanol was 2340.00 yuan/ton. In May, the price of methanol rose by 7.64%. The overall cost of acetic anhydride rose, which had a positive impact on the market of acetic anhydride. In the future, acetic anhydride had a certain upward momentum.

3. Future market forecast:

Bai Jiaxin, a data analyst for acetic anhydride in business associations, believes that the price of acetic anhydride raw material acetic acid fell in May, the price of methanol shocked up, the cost of acetic anhydride rose, and the price of acetic anhydride has a certain driving force. However, in recent years, acetic anhydride manufacturers have a high start-up rate, adequate supply and demand. Recent downstream purchases are general. The sales pressure of acetic anhydride is high, which has a great impact on the market of acetic anhydride. The rising cost of acetic anhydride promotes the price of acetic anhydride to a certain extent; the supply of acetic anhydride is sufficient, the downstream demand is general, the overall supply exceeds demand, and the market of acetic anhydride has little room to rise. Overall, with the price of acetic anhydride dropping sharply in May, the profit margin of acetic anhydride shrinks, and the market of acetic anhydride in the future may stop falling and rise again. However, without the support of downstream demand, acetic anhydride has little momentum to rise, and the overall market of acetic anhydride is mainly stable.

On May 28, the phthalic anhydride commodity index was 60.02, down 0.58 points from yesterday, down 50.04% from the peak of 120.13 points in the cycle (2012-02-28), up 23.96% 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 trend of phthalic anhydride has maintained a low level, the market of phthalic anhydride in eastern China has maintained a weak position, downstream factories have maintained just-needed procurement, factory inventory pressure has continued, high-end transactions have been blocked, the mainstream of on-site neighbouring source negotiations is 6000-6200 yuan/ton, and the mainstream of naphthalene source negotiations is 5700-5800 yuan/ton; the mainstream price of phthalic anhydride market in North China is 6000-6200 yuan/ton, and the market is 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, is 6400 yuan/ton. The actual transaction price in the market 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 mainstream transaction price is about 7400 yuan/ton, DOP downstream price is still under pressure, downstream price is slightly lower, demand for upstream phthalic anhydride is limited, the market price of phthalic anhydride is slightly lower, it is expected that the market price of later phthalic anhydride will be around 6100 yuan/ton.

On May 27, the PX commodity index was 60.00, unchanged from yesterday, down 41.41% from its peak of 102.40 points in the cycle (2013-02-28), and up 31.72% 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 28th. 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 put into operation, and other units operated steadily temporarily. Due to the normal supply of p-xylene in the domestic market when the new unit was put into operation, p-dimethyl benzene was supplied normally. The price trend of toluene market is stable for the time being. The opening rate of PX plant in Asia is about 80%. On May 27, the market price of paraxylene in Asia rose by 23 US dollars/ton. The closing price is 877-879 US dollars/ton FOB in Korea and 896-898 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The rise of foreign prices has a certain positive impact on the domestic market price of paraxylene. The price trend of intra-market paraxylene is temporarily stable.

On May 27, the price of WTI crude oil in July futures market in the United States was flat at $58.63 per barrel, up by $0. The price of Brent crude oil in July rose to $70.11 per barrel, up by $1.42. The price trend of crude oil rose, which has a cost supporting effect on the price of downstream petrochemical products. The price trend of paraxylene market is temporarily stable. Recently, the textile industry has stabilized temporarily, PTA price declined slightly on the 28th. The average price in East China was raised near 5600-5700 yuan/ton. By the 27th day, the domestic PTA start-up rate was about 83.5%, the polyester industry start-up rate was about 86.5%, and the downstream production and sales rate maintained a high level. However, the PTA market price was slightly lower, and the PX market price is expected to be slightly lower in the later period.

On May 26, the PX commodity index was 60.00, unchanged from yesterday, down 41.41% from the peak of 102.40 points in the cycle (2013-02-28), and up 31.72% from the 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 27th. 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 went into operation. Other units operated steadily temporarily due to the introduction of new units. Domestic market supply of p-xylene is normal, and market price trend of p-xylene is temporarily stable. The operating rate of PX plant in Asia is about 80%. On May 24, the market price of p-xylene in Asia rose by 6 US dollars/ton. The closing price is 854-856 US dollars/ton FOB in Korea and 873-875 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The rise of foreign prices has a positive impact on the domestic market price of p-xylene. The price trend of domestic p-xylene is temporarily stable.

On May 24, the price of WTI crude oil in July rose to 58.63 U.S. dollars per barrel, an increase of 0.72 U.S. dollars. Brent crude oil in July rose to 68.69 U.S. dollars per barrel, an increase of 0.93 U.S. dollars. Crude oil price trend rose, which has a certain cost support role for the price of downstream petrochemical products. The situation is temporary. Recently, the textile industry has stabilized temporarily, PTA price declined slightly on 27 days. The average offer price in East China was raised near 5700-5900 yuan/ton. As of 24 days, the domestic PTA start-up rate was about 86%, the polyester industry start-up rate was about 87.5%, and the downstream production and sales rate maintained a high level. However, PTA market price was slightly lower, and the PX market price is expected to be lower in the later period. Lattice or will slightly lower.

First, the price trend According to business data monitoring, this week, the domestic acetic acid market rebounded, the average price of acetic acid in East China at the beginning of the week in 2550 yuan/ton or so, the average price of 2576 yuan/ton over the weekend, the weekly increase of 1.05%. At present, Henan region quoted in 2300-2400/ton, Shandong Region quoted 2500-2650 yuan/ton or so, Hebei region quoted 2450-2500 yuan/ton or so, Shaanxi region quoted 2000 yuan/ton or so; Jiangsu Region quoted 2450-2550 yuan/ton or so

Zhejiang region quoted 2650-2700 yuan/ton or so, South China sent to the price of about 2600-2700 yuan/ton, the overall decrease of 52.17% compared with the same period last year.

Ii. Analysis of Causes Products: This week, the domestic acetic acid market in the long-term weak operation after the rebound, east China and North China long-term low-cost shipments led to a slightly lower inventory, some enterprises overhaul or has issued a maintenance plan, the overall supply in the field is not high, the early part of the traders bottom led to the industry negotiations performance is more active

In terms of construction, the overall operating rate of the industry is lower than before, the overall in about 85%, Shanghai Huayi overhaul, Jiangsu Thorpe issued a maintenance plan, Dalian Hengli 350,000 tons/year device has begun production, external sales time to be determined. Industrial chain: Upstream, this week the domestic methanol market performance is strong, local prices continue to move up. At the beginning of the week, the average price of domestic methanol market in 2288 yuan/ton, the weekend reported 2342 yuan/ton, the weekly increase of 2.36%, the price is 23.18% lower than the same period last year, acetic acid ester and ethylene acetate and other industries by the raw material acetic acid price higher impact, the overall supply and demand is still uneven, the late stability is expected

; PTA spot market continues to fall, some new devices put into production but downstream demand is weak, the industry supply and demand contradictions are obvious, trading bland. International: This week, the North American acetic acid market is affected by the price support of raw materials methanol, the overall performance is stable, the current 440 U.S. dollar/ton, the Asian acetic acid market by the decline in supply in China, the week remained stable, but the purchase of gas is still light, the current offer of 325-420 U.S. dollars/ton;

It is currently around 540 USD/ton.

Third, the forecast of the aftermarket At present, the domestic acetic acid market supply has declined, by the recent rise in the atmosphere of rendering, some traders signed a positive, stimulating enterprises to push up, but the downstream industry demand continues to be depressed and Dalian Hengli began to put into production, business society acetic Acid data analysis that the future of the domestic acetic acid market will be based on stability.

The Fluorite Commodity Index of May 23 was 103.73, an increase of 0.88 points over yesterday, a decrease of 18.64% from the highest point in the cycle of 127.49 (2019-01-03) and a 49.21 increase from the lowest 110.79% point of December 18, 2016.

(Note: cycle refers to 2011-09-01 to present) According to statistics, the domestic fluorite price trend rose, as of 23rd, the domestic fluorite average price of 2956.25 yuan/ton, the recent domestic fluorite device driving normally, the field mine and flotation device normal start, the field fluorite supply slightly tight, the recent downstream hydrofluoric acid price increase, for the fluorite market on demand procurement, fluorite price trend rose. Recently downstream plant start-up situation in general, the field fluorite spot supply normal, terminal downstream pick-up situation improved, resulting in market price trend rise. As of 23rd, Inner Mongolia 97 fluorite wet powder price in 2700-3000 yuan/ton, Fujian region 97 fluorite Wet powder talks mainstream in 2800-3100 yuan/ton, Henan Region 97 fluorite Wet powder price in 2700-3100 yuan/ton, Jiangxi Region 97 fluorite Wet powder price in 2800-3200 yuan/

Tons, fluorite price trend rose. Fluorite downstream hydrofluoric acid market price trend rose, as of 23rd domestic hydrofluoric acid market price of 11160 yuan/ton, hydrofluoric acid market price shock for the upstream fluorite market has a certain positive impact, but the recent start of hydrofluoric acid device general, for fluorite demand weakened, fluorite price shock operation. 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 trend is stable. 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 surface of the market changes little, shipping market in general. Domestic R134a market price trend shock, 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, comprehensive view, downstream industry market in general, coupled with the fluorite market supply normal, fluorite price rise, business analyst Chen Ling think fluorite market price or will rise slightly.

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.