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.

1、 Price trend:

In April 2020, crude benzene market fell in shock. The factory price in North China was 2668.33 yuan / ton at the beginning of the month and 2250 yuan / ton at the end of the month, down 15.68% monthly.

On April 30, crude benzene commodity index was 35.23, which was the same as yesterday, 73.28% lower than 131.84 (2013-01-28), the highest point in the cycle, and 15.36% higher than 30.54, the lowest point on April 8, 2020. (Note: cycle refers to 2011-09-01 to now).

2、 Market analysis:

Domestic market: in April 2020, the crude benzene market fell in shock. In the first half of the month, the market of pure benzene rebounded rapidly. Each factory raised its listing price continuously. The increase of refining price was more significant everywhere. Under the influence of multiple favorable factors such as high market speculation, the market of pure benzene rose sharply. The crude benzene continued to rise in the first half of the month following the trend of pure benzene. The market promoted a strong atmosphere, and traders actively entered the market. A week long consolidation period began in mid April. On May 20th, the contract price of WTI plummeted to a negative value, and then the external market of pure benzene fell sharply. The arrival of goods at the port continued to increase. The atmosphere of domestic market negotiation turned weak, and the price of crude benzene fell. Since April, the operating rate of hydrogenated benzene enterprises continued to decline to less than 40%. Although some units resumed operation in mid April, they were subject to cost pressure Due to insufficient support for crude benzene demand, crude benzene enters the downward channel. As of the 30th, the quotation range of crude benzene in Shandong Province is 2100-2200 yuan / ton, with an average price of 2150 yuan / ton.

Industry chain: crude oil: this month OPEC + Member States reached a joint production reduction agreement to support the oil market. However, crude oil inventory increased rapidly, while storage capacity decreased significantly, and WTI even fell to a negative value for the first time in history this month. Compared with March 31, Brent oil price in April was up $1.995/barrel, up 11.29%; WTI oil price in April was down $2.66/barrel, down 10.85%. Compared with December 31, 2019, Brent oil price decreased by 47.095 USD / barrel, or 79.54%; WTI oil price decreased by 38.92 USD / barrel, or 64.04%. Pure benzene: the port inventory of pure benzene continued to accumulate this month, but the increase decreased. After this month’s Qingming Festival holiday, the pure benzene market was affected by crude oil and external market, bottom reading rebounded, and downstream purchasing was positive, with a rebound of more than 30%. The spot supply in Shandong is tight, and the price increase is more obvious. After two weeks of hoarding, the downstream procurement speed slowed down significantly. In the late ten days, crude oil plummeted and pure benzene began to decline. Downstream products: the price of styrene in Shandong Province was 4650 yuan / ton on April 1, and 5100 yuan / ton on April 30, with a monthly increase of 9.68%. In the early stage, stimulated by favorable crude oil and supply and demand, styrene prices rose driven by rising sentiment, and the overall trading atmosphere of the market was good. In the later stage, the weak raw material surface and the restart of domestic styrene plant gradually increased, which made the situation of supply exceeding demand hard to change in a short time, and the price declined.

Industry: according to the price monitoring of the business agency, in April 2020, there are 39 kinds of commodities in the list of rise and fall of bulk commodity prices in the chemical industry sector, including 26 kinds of commodities with an increase rate of more than 5%, accounting for 29.2% of the number of commodities monitored in the sector; the top three commodities with an increase rate are acetone (77.02%), acrylic acid (21.76%) and hydrogenated benzene (20.86%). There are 45 kinds of commodities falling on a month on month basis, 21 kinds of commodities falling by more than 5%, accounting for 23.6% of the number of commodities monitored in the sector; the top three products falling are ethylene (- 31.64%), butadiene (- 24.14%) and hydrochloric acid (- 22.37%). This month’s average rise and fall was 0.37%.

3、 Trend Forecast:

Many parties have also made some achievements in promoting the process of production reduction agreement. However, in the short term, it is unable to offset the negative impact of the sharp contraction of demand, and the oil market cannot get rid of the situation of excess supply and demand. Short term crude oil prices are expected to remain low. Most of the lower reaches are in the stage of inventory digestion, and the trading atmosphere in the field is light, mainly waiting for the later crude oil and the trend of the outer market. It is expected that the aftermarket pressure of crude benzene will remain.

1、 Price trend

According to the data of the business club’s large scale list, after a huge upward and downward trend in the domestic propylene (Shandong) market price this month, the price fluctuated steadily, with 5239 yuan / ton at the beginning of the month; 5932 yuan / ton at the end of the month, with a monthly increase of 13.22%; the monthly low price appeared on April 2, with 5185 yuan / ton, and the monthly high price on April 12 and 13, with 9446 yuan / ton, with a monthly amplitude of 82.18%.

2、 Analysis and comment

Product: the price of propylene in Shandong Province fell in shock last month, and dropped sharply again at the end of the month, with a monthly drop of more than 15%. On the first day, the price continued to decline by 100-200 yuan / ton, and on the second day, it still declined by 50 yuan / ton. On the third day, the price of some enterprises slightly increased by 50-100 yuan / ton. After the Qing Dynasty, the price of propylene increased steadily. On the seventh day, the price began to rise by 100 yuan / ton, and on the tenth day, it rose by 200-300 yuan / ton, while on the 11th day of Saturday, it rose by more than 1000 yuan / ton. On the 12th day of Sunday, it continued to soar by 1000-5000 yuan / ton, Monday After the sharp rise on weekends, the market may need to digest, and the price remained unchanged on the 13th. On the 14th, most of the enterprises’ prices dropped by 1000 yuan / ton, and some of them recovered to the price before the sharp rise. On the 15th, the price dropped by 500-1000 yuan / ton. On the 16th, the price continued to drop by 200 yuan / ton, left and right. On the 17th, the price still fell by 400 yuan / ton. On the 18th, Saturday, the price fell again. On the 19th, Sunday, the price remained stable Mainly, on the 20th, the price slightly increased by about 50 yuan / ton. On the 21st, the price remained stable. On the 22nd, the price began to drop slightly. On the 25th, the price was generally stable with little shocks. On the 28th, the low-end price was generally increased by 50 yuan / ton, and on the 29th, it remained stable. Today, the price rose again by 50 yuan / ton. Now, the market transaction is between 5900-6050 yuan / ton, and the mainstream price is about 5900 yuan / ton. Now it is close to May 1st, and there are some goods just in need downstream, so the price of propylene is slightly higher.

Industry chain: in the upstream, affected by the international situation, many countries have introduced production reduction policies to improve the crude oil market, but recently the crude oil price is not ideal and fluctuates frequently. Last Monday, the crude oil in the United States rose after a negative value, but the overall price is low, and the future market is expected to be less optimistic. At the beginning of this week, the market fell again, and then rose again under the influence of international events, but the impact on the future market of propylene less

Under the influence of public health events, the modified special materials in PP are melt blown cloth materials, and the price has risen sharply, but PP has now returned to rationality. This month, the PP market also has a significant upward and downward trend after rising, and it rose steadily after recovering in the second half of the month, with a monthly increase of 15.52% and a monthly amplitude of 37.73%. The future market is relatively stable, with little impact on propylene.

This month, acrylic acid also rose sharply after the shock, and it stabilized in the later period, with a monthly increase of 21.76% and a monthly amplitude of 29.83%, which had a certain positive impact on propylene.

This month’s Propylene Oxide Market is also up and down, up at the end of the month, up 6.47% month on month, 26.61% month amplitude, slightly positive impact on propylene.

Epichlorohydrin rose sharply after a slight decline in this month, and rose sharply in the later period of shock, with a monthly increase of 11.81% and a monthly amplitude of 14.34%, which had a small positive impact on propylene.

As one of the raw materials of foreign disinfectants, isopropanol’s domestic price finally began to fall this month. In the first ten days of this month, the price rose steadily. In the last ten days of this month, the price fluctuated downward, with a monthly increase of 11.11% and a monthly amplitude of 29.52%, which had a limited positive impact on propylene.

This month, the domestic price of n-butanol rose up and down sharply, with a monthly increase of 13.74% and a monthly amplitude of 35.88%, which had little impact on propylene.

This month’s octanol market is also stable, with a monthly increase of 7.28% and a monthly amplitude of 16.46%, which has little impact on propylene.

The price of phenol Market in Shandong Province soared after the fall of this month, and rose sharply in the later period, with a monthly increase of 15.81% and a monthly amplitude of 26.40%, which had a small positive impact on propylene.

Acetone market in Shandong Province surged, with a monthly increase of 77.02% and a monthly amplitude of 87.50%, which had a significant positive impact on propylene.

3、 Future forecast

According to the propylene analyst of the chemical branch of business society, the price of international crude oil market is generally low in recent days, but it may rise in the near future due to the impact of the event, so it has little impact on propylene. In April, the price of melt blown cloth rose sharply, which affected the price of propylene. Now it is stable, the downstream is relatively flat, and the price of isopropanol is also flat, which has a slight positive effect on the whole, but has a limited impact. Moreover, it needs to be stocked in May 1st, so it is expected that the price of propylene will stabilize after rising slightly in recent days.