On April 16, Shandong styrene market fluctuated horizontally, and today’s quotation was around 9150-9250 yuan / ton. On the cost side, crude oil prices rose, pure benzene and ethylene followed the strong trend, and the international styrene quotation remained strong, providing good cost support for domestic styrene prices. In terms of the plant, Tangshan Xuyang 300000 t / a plant was originally planned to restart on April 20, but now it is in circulation and will be discharged in the near future; Huatai Shengfu 450000 T / a new plant is planned to be put into operation on April 23, and the 400000 T / a PS plant is delayed for 2 to 3 months; overseas South Korea htc650000 T / a plant is originally planned to start on 13-14, but delayed for 4-5 days due to power problems. In terms of inventory, as of April 14, the inventory in East China was 6.9 tons, with a decrease of 6000 tons in the week, and the inventory in ports was 95400 tons, with a decrease of 11100 tons in the week, with a continuous decline. However, starting next week, the domestic overhaul units will be restarted, and new units will be put into production. It is expected that the short-term spot tension in styrene market will be eased. On the downstream side, the price of EPS rose, the wait-and-see mood was strong, and the transaction was general; the price of PS and ABS remained stable, and the transaction was just needed.

To sum up, the cost support of styrene is strong, the inventory is low, the spot is tight, and the price rises. However, as the price of styrene rises, the downstream acceptance of styrene declines, some markets begin to resist, the transaction volume decreases, and the terminal demand continues to be weak. Plant restart and new production capacity are expected to suppress styrene rising space.

1、 Domestic sodium pyrosulfite price trend chart

According to the monitoring of the business agency, the price of sodium pyrosulfite in China was stable this week. The average price of industrial grade sodium pyrosulfite was 1788.33 yuan / ton at the beginning of the week and 1788.33 yuan / ton at the end of the week, up or down by 0. 2、 Market analysis

2、 Market analysis This week, the overall market performance of sodium pyrosulfite is acceptable. The market price range of industrial grade sodium pyrosulfite is 1750-1950 yuan / ton, and most of the prices are around 1800 yuan / ton. The production of the enterprise is stable, the inventory is maintained at about 30%, the enterprise mainly completes the orders of old customers, and the increase of new orders is limited（ The above prices are quoted by domestic mainstream enterprises, and some enterprises not quoted are not within their scope. The prices are for reference only and have nothing to do with the final pricing of manufacturers. For details, please contact the manufacturers for consultation.). This week, the domestic soda price remained stable as a whole, the sulfur price rose slightly by 0.46%, the raw material cost price of sodium pyrosulfite remained stable, and the cost will continue to support the future market price of sodium pyrosulfite.

The above prices are quoted by domestic mainstream enterprises, and some enterprises not quoted are not within their scope. The prices are for reference only and have nothing to do with the final pricing of manufacturers. For details, please contact the manufacturers for consultation.).

Price trend

According to the data monitoring of business news agency, after three consecutive falls in the price of o-benzene in March, the price of o-benzene finally rose this week. As of April 15, Sinopec’s quotation for o-xylene was 5600.00 yuan / ton, up 3.70% from 6400 yuan / ton at the beginning of the month (April 1).

Deflagration of aromatics equipment in Yangzi Petrochemical Company

At 16:00 on April 9, a deflagration and fire broke out in the aromatics plant of Yangzi Petrochemical Co., Ltd. Although the fire was put out in time and the impact on the overall supply of the market was limited, the explosion was the second explosion accident of Yangzi Petrochemical this year, which may lead to strict investigation of enterprise safety accidents and affect enterprise production. Yangzi Petrochemical, with an o-xylene production capacity of 240000 tons / year, is a leading enterprise in the production of o-xylene in China. The explosion of Yangzi Petrochemical caused market panic and promoted the development of o-xylene rise in price.

Upstream market of industrial chain

It can be seen from the price trend chart of mixed xylene that the price of mixed xylene rose slightly in April, although the increase was limited, it rose steadily. Mixed xylene price remains high, o-xylene cost pressure increases, o-xylene theoretical profit is negative, o-xylene price increase momentum increases.

O-xylene external price rise

Date, trade name, port, price

2021-4-14 – o-xylene – Amsterdam, Rotterdam and Antwerp $910.00/t

2021-4-9 – o-xylene – Gulf of Mexico US $915.08/t

2021-4-9-o-xylene-760.00 USD / T

2021-4-9-o-xylene-765.00 USD / T

2021-4-9-o-xylene-810.00 USD / T

2021-4-9 – o-xylene – Amsterdam, Rotterdam and Antwerp $910.00/t

2021-4-1 ﹣ o-xylene ﹣ Gulf of Mexico ﹣ 904.05 USD / T

2021-4-1 – o-xylene – China $760.00/t

2021-4-1 – o-xylene – $760.00/t

2021-4-1-o-xylene – $805.00/t

2021-4-1 – o-xylene – Amsterdam, Rotterdam and Antwerp $900.00/t

It can be seen from the trend of external quotation that the external price of o-xylene has risen slightly since April. Port o-benzene slowly to inventory, external market to stimulate domestic o-benzene market, domestic o-benzene market slowly pick up.

Future forecast

Bai Jiaxin, an o-xylene data analyst of business news agency, believes that since April, the rising pressure of domestic o-xylene has increased due to the high raw materials and the recovery of external market, but the weak downstream demand has limited the price rebound of o-xylene. However, the explosion of Yangzi Petrochemical completely ignited the rising power of o-benzene, and the price of o-benzene rose. In the future, the rise of demand for o-benzene is limited, and the support for the rise of o-benzene is insufficient, but the support for the cost of o-benzene is still in the market. The external market is favorable and stimulating, and the market push up psychology is larger. The strength of o-benzene is expected to stabilize temporarily in the future.

Price trend:

Nylon price chart

According to the statistics of business news agency, as of April 14, the price of nylon filament DTY in Jiangsu was 19120 yuan / ton, 560 yuan / ton lower than that in mid March, 200 yuan / ton lower than that in early April; the price of nylon POY was 16750 yuan / ton, 500 yuan / ton lower than that in mid March; the price of nylon FDY was 19400 yuan / ton, 450 yuan / ton lower than that in mid March. From the perspective of price trend, from the middle of March, the price of nylon continued to fall, but the range was not large.

Weak demand and insufficient cost support

After the last round of sharp rise, according to a number of manufacturers, downstream demand for nylon is not high, most downstream enterprises maintain normal just need to take goods, mainly small orders, weak market transactions, sufficient supply of goods on the floor, increased inventory, some manufacturers start to adjust, upstream and downstream parties have a cautious attitude towards the future market.

According to the data of the business club’s block list, the domestic PA6 market in early April fell from a high level. Generally speaking, the current fundamentals of PA6 are bad. Spot prices are mostly down. As of April 12, the mainstream offer price of sample enterprises for CNMC 2.75-2.85 was about 14800 yuan / ton, a decrease of 1.33% compared with the average price at the beginning of the month, and a rise of 42.31% compared with the same period last year.

The price of caprolactam continued to fall, the cost support of PA6 was weakened, and the market continued to decline. At present, the decline of PA6 market has lasted for more than a month. In addition to the weakening of upstream price, another important factor comes from PA6 industry itself. At present, domestic PA6 supply is strong, demand is weak, market transaction power is insufficient, and trading is poor, which is a drag on the focus of offer. Traders and factories began to accumulate inventory, and the high inventory and the drop of spot reduced the profit of polymerization plant. Recently, the profit situation of domestic polymerization plants is not good, and most manufacturers have negative profit situation, which leads to the passive reduction of negative profit of some units. At present, the operating rate of the industry has dropped to 70%, and it is likely to continue to decline.

3、 Future forecast:

The terminal demand has not improved significantly, most downstream enterprises maintain normal just need to take goods, order support is limited; upstream raw material cost support is insufficient, once the raw material cost support collapse, nylon filament is not immune. It is expected that the domestic nylon will be weak and the price will continue to drop slightly.

1、 Price trend

 
2、 Market analysis

According to the data of business news agency, as of April 13, the average price of domestic potassium sulfate 50 particle samples was 2966.67 yuan / ton, up 1.71% compared with the average price at the beginning of the month and 4.09% compared with the same period last year.

In the first ten days of April, on the basis of the stable price rise of potassium sulfate in the last month, the market rose again. At present, the load level of domestic potassium sulfate plant is stable, and the start-up rate has little change compared with before, which is more than 70%. April 13, Shijiazhuang hehe chemical 52% potassium sulfate powder factory reference price of 3050 yuan / ton. Shijiazhuang Haofang chemical 50% potassium sulfate powder factory reference price of 2950 yuan / ton, the current manufacturers mainly meet the early orders. On the cost side, the actual transaction of potassium chloride in the recent market is not good, the supply of goods exceeds the demand, and there is pressure on the business transaction. However, the overall inventory is low, the price position remains high and stable, and the support for potassium sulfate is acceptable. In terms of imports, overseas contracts are generally rising, and the impact on domestic offers is gradually emerging. In addition to the domestic reserve policy requirements and other factors, the spot market remains tight.

3、 Future forecast

Potassium sulfate analysts of business news agency believe that: in early April, the price of potassium chloride and potassium nitrate was stable, and the domestic cost of potassium sulfate remained firm. The operating rate of domestic potassium sulfate is the same as before, and the cost pressure of manufacturers is still large. In addition, the price of import contracts has risen, and there is a willingness to push up in recent production and trade traders, and the spot price is gradually rising. It is expected that the domestic potassium sulfate price will still rise slightly in the near future.

According to the price monitoring data of business agency, as of April 12, the average reference price of domestic n-propanol packaging mainstream areas was around 10000 yuan / T, and the average price was down 1133 yuan / T compared with the price of 11 April (reference price of 11133 yuan / ton), with a daily decline of 10.18%; compared with the price of March 1 (reference price of 10733 yuan / ton), the average price was decreased by 733 yuan / ton, down 6.83%.

Since the beginning of 2012, the domestic market of propanol has been weak and down, and the market is depressed. In mid March, driven by the large increase of the bulk market and the expectation of the industry, the domestic market price of n-propanol finally ushered in a small upward trend, and then the good period was not long. After the price rise, the downstream orders were scarce, and the market of n-propanol was running steadily for a while.

The mentality of hard to work in the cold and clear demand is broken down by more than 10% per day of normal propanol

In April, the domestic market of n-propanol continued to operate in a cold and clean way, with few new orders, a light market investment atmosphere, the demand once dropped to the freezing point, the inventory of n-propanol kept accumulating, the pressure of the industry increased. In addition, in terms of raw materials, the last time the ethylene outside the market was high in April, the cost pressure and demand were cold and the demand was cold and the original was reversed. The psychology of the n-propanol industry collapsed. On December, the market price of n-propanol was significantly higher The price of the products including p-propanol was down by 1133 yuan / ton, with a daily decline of more than 10%.

On December 12, in Shandong market, the ex factory price of n-propanol bulk water was near 8100-9000 yuan / T (bulk water), and the price of package was near 9100 yuan / t-10000 yuan / ton (barrel), and the price was reduced by about 900-1800 yuan / ton compared with that in early April. In Nanjing market, the main price of n-propanol is 8500-9000 yuan / ton (bulk water), and the price is down by 1000-1500 yuan / ton compared with that in early April. At present, after the price has fallen sharply, the trading and investment in the n-propanol market has improved, but there is no large-scale stock up, and the overall market investment has improved.

Nanjing Rongxin Chemical Co., Ltd. (formerly Nanjing Wujiang Chemical Industry), where the start of n-propanol production unit was low, and the output of n-propanol was 8500 yuan / ton (bulk / domestic), down 1500 yuan / ton compared with that in early April. Shandong fengcang Chemical Co., Ltd. offers 8100 yuan / ton (bulk / domestic) for n-propanol, which is down by 11800 yuan / ton compared with the beginning of April. Dealers around the country still have reservations about the price, and the price is not easy to monitor, which leads to specific negotiation or will be different. There are also differences in each region. The actual negotiation is the main. The market will watch the change of raw material price and the delivery situation.

Raw materials, the recent external ethylene market overall trend of concussion consolidation. The Asian ethylene market was stable, with CFR Northeast Asia closing at $1068-1074 / T as of 9, and CFR Southeast Asia at $1013-1019 / T. The price of ethylene market in Europe fell in a volatile manner, as of 9, FD northwest Europe closed at $1249-1260 / T and CIF NW Europe closed at $1224-1235 / T. The price of ethylene in the U.

The short-term market of n-propanol market is not likely to be adjusted significantly, and the low-level stable operation will be maintained

At present, after the market price of n-propanol has declined sharply, the downstream demand has improved, and the mentality of the industry has slightly recovered. Therefore, analysts of n-propanol in business agency believe that the short-term support of the improvement of demand will still support the price of the market after the sharp decline of the market price of n-propanol. Therefore, it is expected that the market market will not be significantly adjusted in the near future, but it is not excluded that in order to stimulate the delivery price in some areas, the negative effect is still small The decline, the specific trend needs to pay more attention to the changes of raw materials and supply and demand end.

1、 Polyoxymethylene market price trend chart

Price curve of paraformaldehyde

According to the monitoring of the business agency, the average price of paraformaldehyde was 6000 yuan / ton on April 9 and 6133 yuan / ton on April 5, with a price drop of 2.17%.

2、 Market analysis

On April 6, Shandong aldehyde Chemical Industry Co., Ltd., with an annual output of 30000 tons of paraformaldehyde, offered a price of 5800 yuan / ton including tax for 96 tons of paraformaldehyde, which was 200 yuan / ton lower than the previous one. Linyi Shengyang Chemical Co., Ltd., with an annual output of 9000 tons of polyoxymethylene, Polyoxymethylene (96) ex factory price including tax 5900 yuan / ton, the price is the same as last time. Zibo Qixing Chemical Technology Co., Ltd., with an annual output of 10000 tons of polyoxymethylene, Polyoxymethylene (96) ex factory price including tax is 6300 yuan / ton, which is 200 yuan / ton lower than last time. Affected by the decline of raw materials, some manufacturers reduced their quotations. Paraformaldehyde market is fair, mainly used in pesticide resin.

The upstream raw material methanol, according to the monitoring of business society, domestic methanol production enterprises in Shandong rose 0.74% this week. As of April 8, the average price of domestic methanol production enterprises in Shandong Province was 2395 yuan / ton, up 2.57% month on month and 39.65% year on year.

3、 Future forecast

Polyoxymethylene business analysts expect that the recent rise in methanol, polyoxymethylene price down space is limited.

As of April 8, the average price of domestic methanol manufacturers in Shandong was 2395 yuan / ton, up 2.57% on a month on month basis and 39.65% on a year-on-year basis. Some production enterprises in Northwest China raised their ex factory quotations, and prices were boosted by futures. The downstream just needed to replenish after the festival, and the domestic methanol market rose in a narrow range. However, the good time is not long. The port’s destocking and low price supply still impact the market. In addition, the downstream’s acceptance capacity is limited, and the follow-up of the firm offer is insufficient, so the price rise is not sustainable.

Downstream, the formaldehyde market fell steadily, the overall trading was good. The market price of dimethyl ether continued to rise, and the market transaction atmosphere was good. MTBE market is mainly stable and stable with limited fluctuation. The domestic acetic acid market continued to rise. The supply of goods in the market continues to be tight, and the spot manufacturers still choose the bidding situation to push up the offer. The traders have no supply of goods in their hands. Under the continuous bullish attitude of the later market, the bidding price actively pushes up, which promotes the overall negotiation price of the market to go up substantially.

In the external market, as of April 7, the closing price of CFR China methanol was 294.00-295.00 US dollars / ton; CFR Southeast Asia methanol was 367.00-368.00 US dollars / ton, up 3 US dollars / ton. US Gulf methanol closed at 120.00-121.00 cents per gallon, while FOB Rotterdam methanol closed at 323.00-324.00 euros per ton, up 2 euros per ton.

In the future, on the supply side, as the spring overhaul is approaching, the overhaul plans of methanol enterprises in the mainland are coming out one after another; some downstream units are recovering one after another, and the demand for methanol is rising slowly. Business community methanol analysts expect that the domestic methanol market in the short term consolidation.

Recently, the domestic butadiene market has gone down, the price has dropped again and again, the closing price of the external market has dropped significantly, and the ex factory quotations of major manufacturers have been reduced continuously. According to the sample data monitored by the business community, the domestic butadiene market price dropped from 7415 yuan / ton to 6718 yuan / ton from April 1 to April 7, with a price drop of 9.39% in the cycle, a 20.14% month on month drop, and a 62.73% year-on-year rise.

The domestic butadiene market was slightly weak, mainly finishing, and the market supply was still relatively abundant. Some suppliers continued to sell at a falling price, and the market focus was slightly lower. Although there are sporadic businesses affected by the high cost of holding positions and have no intention to lower, but in the supply side drag, market trading is still weak.

In terms of enterprises, Sinopec’s sales companies quoted 7900 yuan / ton of Butadiene on April 1, and fell to 6800 yuan / ton on April 7, with a decrease of 1100 yuan / ton. Fushun Petrochemical and Liaotong chemical products are sold at low price through competitive price. At the same time, the social inventory of butadiene is increased. The downstream demand is relatively stable, and the contradiction between supply and demand is obvious for a time. Most of the traders take low price as the main way.

External market: as of April 6, the external price of butadiene in Asia fell: FOB Korea closed at US $995-1005 / T, down 30 US dollars / T; CFR China closed at US $1035-1045 / T, down 30 US dollars / T. The external price of butadiene in Europe was stable: FOB Rotterdam closed at USD 1045-1055 / T; FD closed at EUR 795-805 / T in northwest Europe.

Region, country, closing price, rise and fall

Asia ﹣ FOB Korea ﹣ 995-1005 USD / T – 30 USD / T

In Asia, the CFR for China is US $1035-1045 / t-us $30 / T

Europe ﹣ FOB Rotterdam ﹣ 1045-1055 USD / T ﹣ 0 USD / T

Euro 795-805 / T Euro 0 / T

In the future, on the one hand, the supply side of East China and domestic suppliers is relatively abundant, on the other hand, the inventory of downstream raw materials is relatively abundant, and the market’s ability to accept high price sources is limited. Business community butadiene analysts expect that the domestic butadiene market will be in a downturn in the short term.

1、 Price trend

According to the data of business club’s block list, the price of mixed xylene fluctuated in a narrow range this week, with a slight drop. On March 28, the price of mixed xylene was 5487.5 yuan / ton; on this Sunday (April 4), the price was 5460 yuan / ton, down 27.5 yuan / ton or 0.5% from last week.

2、 Analysis and comment

This week, Sinopec’s mixed xylene price adjustment range is – 200 / + 100 (yuan / ton). The inventory of ports in East and South China decreased slightly. At present, the downstream demand is stable, and the trend of mixed xylene is obviously affected by the crude oil at the cost level. Recently, the crude oil fluctuates greatly, and the mixed xylene lacks clear upward momentum. In terms of external market, as of April 1, the price of South Korea’s imported mixed xylene was 714 US dollars / ton, down 19 US dollars / ton or 2.59% on March 26, and the reference price of domestic imported mixed xylene was 730 US dollars / ton, down 20 US dollars / ton or 2.67% on March 26.

In terms of crude oil, OPEC + decided to gradually increase crude oil production from May, and Saudi Arabia will gradually reduce the number of additional voluntary production cuts. On March 26, Brent fell $1.61 per barrel, or 2.52%; WTI rose $0.52 per barrel, or 0.85%.

Downstream, PX market, the domestic p-xylene ex factory price this week fell compared with last week, the price was 6400 yuan / ton, down 4.48% compared with last week, up 36.17% compared with the beginning of the year, up 48.84% compared with the same period last week. The production capacity of domestic p-xylene plants is mainly concentrated in East China. Sinopec and private enterprises have started their plants normally, with an on-site operation rate of more than 90%. The on-site supply is normal, and the goods are in good condition. As of April 1, closing prices in Asia were 784-786 USD / T FOB Korea and 802-804 USD / T CFR China.

In terms of PTA market, the price of PTA in East China surged higher this week. On Sunday (April 4), the price was 4430 yuan / ton, up 0.73% from last week and 34.38% from the same period last year. As of April 2, PTA operation rate was 79.4%, down from last week. External offer: as of April 2, the mainstream quotation of CFR China PTA for external offer was US $645 / T.

In terms of ox market, the price of ox fell this week compared with last week. On Sunday, the price of ox in East China was 5400 yuan / ton, down 5.26% compared with last week and up 42.11% compared with the same period last year. Affected by the centralized arrival of import and inland ship cargo, the port inventory of o-xylene in the terminal continued to grow, and the main port in East China’s o-xylene inventory exceeded the 60000 tons mark, reaching the highest level in the past five years. There is little room for the price of domestic o-benzene to fall, but the port inventory is high, so the price of o-benzene is difficult to rise; the downstream demand is obviously declining, so the port o-benzene inventory is difficult to fall, and the support for the rise of o-benzene is insufficient

3、 Future forecast

Xylene analysts from business society chemical branch think: first, look at the supply cost side, the implementation of OPEC + production reduction, the total number of oil drilling platforms in the United States, and weekly EIA and API inventory data. Second, on the demand side, the impact of the global epidemic on crude oil demand, the progress of industrial chain recovery, and the economic and trade situation in Europe and the United States. Third, look at the geopolitical situation in the Middle East, China and the United States, the progress of new technology, the dollar index and stock market linkage.

At present, the price of mixed xylene mainly fluctuates with the trend of crude oil, focusing on the latest progress of European epidemic and vaccination, the impact of US dollar exchange rate and US debt on crude oil price. We should pay attention to the impact of xylene plant operation, arrival volume and downstream demand change on the price.