On April 1, the crude benzene commodity index was 66.51, down 0.37 points from yesterday, down 49.55% from 131.84 points (2013-01-28), the highest point in the cycle, and up 117.78% from 30.54 points, the lowest point on April 8, 2020. (Note: period refers to 2011-09-01 to now).

In March 2021, the crude benzene market fluctuated. The domestic ex factory price of crude benzene was 4725 yuan / ton at the beginning of the month and 4271 yuan / ton at the end of the month, with a monthly drop of 9.61%.

In March 2021, Sinopec’s listed price of pure benzene was reduced three times, and now it is RMB 6350 / T, among which Qilu Petrochemical is RMB 6150 / T, which was reduced three times this week, with a total reduction of RMB 400 / T.

In March, the crude benzene market fluctuated in a wide range in the first ten days of the year, and dropped sharply in the last ten days. At the beginning of the month, crude benzene prices declined slightly due to the downward impact of pure benzene and crude oil prices. At the beginning of the month, the crude benzene market supply was loose, and the bad fundamentals affected the crude benzene price downward. In the middle of the month, the crude benzene price rose due to the sharp rise of crude oil and other favorable fundamentals. At the end of the month, the price of pure benzene went down all the way. Sinopec lowered the ex factory price of pure benzene by 400 yuan / ton. Under the influence of bad fundamentals, the price of crude benzene in Shandong Province decreased by 530 yuan / ton around the 25th. In terms of start-up, at present, the environmental protection policy for coking enterprises is relatively loose, the profits of coking enterprises are fair, the production and marketing are active, the new production capacity is still put into production one after another, and the market supply is fair.

In March 2021, the overall operating rate of hydrogenated benzene enterprises is about 60%. At present, the price difference of crude benzene hydrogenated benzene is reasonable, the profits of hydrogenated benzene enterprises are improved, and the production and sales of enterprises are active. Although the start-up of some units is not stable, it has little impact on the demand for crude benzene.

In the future, the business association thinks that the profit of hydrobenzene enterprises is good, the construction is active, and the demand for crude benzene is good. Pure benzene Market in the crude oil driven upward trend, in the fundamentals of good support, crude benzene market has upward space in the future.

1、 Price trend

2、 Market analysis

According to the data of business news agency, as of April 1, the average price of domestic Mannheim potassium sulfate 50 particle sample was 2916.67 yuan / ton, which was 4.79% higher than that at the beginning of the month, and 1.45% higher than that at the same period of last year.

In March, the potassium sulfate market continued a positive trend. At present, the overall start-up rate of Mannheim potassium sulfate plant in China is more than 70%, slightly lower than last month, and generally stable. On April 1, the factory reference price of 52% potassium sulfate powder of Shijiazhuang hehe Chemical Co., Ltd. was 3000 yuan / ton. Shijiazhuang Haofang chemical 50% potassium sulfate powder factory reference price of 2850 yuan / ton. At the same time, potassium nitrate and potassium chloride market also rose this month, potassium sulfate cost side support is strong. At present, all parts of the country are coming to the end of the demand for spring ploughing, and the compound fertilizer market is about to start to weaken. However, due to the rising cost caused by the large contract in the early stage, coupled with the low domestic inventory and the requirements of the national storage policy, it is expected that the spot market will be tight. This month, the decline rate of potassium sulfate inventory slowed down, and there was a certain pressure on sales, which was also one of the factors that potassium sulfate rose less than expected when the upstream and downstream were stronger.

3、 Future forecast

Potassium sulfate analysts of business news agency believe that: the price of potash fertilizer continued to rise in March, potassium chloride and potassium nitrate increased significantly this month, and potassium sulfate rose steadily due to many positive effects. At present, the domestic operating rate is generally stable, and the market industry reflects that there is an agreement resistance in shipment. It is expected that the domestic potassium sulfate price will remain stable at a high level in the near future.

Domestic price trend:

From the trend chart of p-xylene, it can be seen that the price of p-xylene remained stable in March. As of March 31, the domestic ex factory price of p-xylene was 6700 yuan / ton, which was flat compared with the price at the beginning of the month. The price trend of domestic PX market in March was stable.

In March, the domestic supply of p-xylene was normal, and the domestic PX operating rate was more than 60%. Sinopec Hongrun Petrochemical 600000 ton unit operated stably, Yangzi petrochemical unit operated stably, Pengzhou petrochemical unit operated stably, Yangzi Petrochemical PX unit operated normally, Jinling Petrochemical unit operated stably, Qingdao Lidong unit operated at full load, Qilu petrochemical unit operated stably, and Urumqi petrochemical unit operated stably The domestic supply of p-xylene is average, but there are many overhauls of overseas units, and the domestic price of p-xylene remains high. Recently, the international crude oil price has maintained around us $60 / barrel, and the PX external price has declined. As of the 31st, the closing prices in Asia are US $795-797 / T FOB Korea and US $813-815 / T CFR China. Recently, the operating rate of PX unit in Asia is normal. As a whole, the operating rate of PX unit in Asia is less than 60%, the supply of PX in Asia is general, and the PX external closing price has dropped sharply, Affected by the external price, the price trend of domestic p-xylene market is temporarily stable.

In March, the oil price dropped slightly, and the production restriction policy of OPEC + was extended. However, the commercial crude oil inventory of the United States rose. In addition, the vaccine advance was slow under the background of the resurgence of the epidemic situation, and the economic recovery was expected to slow down. The recent decline in oil prices is mainly due to the repeated epidemic situation in Europe and emotional stimulation. However, the market generally believes that this is only a short-term impact. With the acceleration of vaccination progress in the later stage, the process of global economic recovery can still be expected. The overall positive effect of oil price on the demand side can also be predicted. In addition, OPEC’s production control policy still provides the main support for the supply side. During the implementation period before the end of April, the crude oil supply side has little change. According to the monitoring, on March 31, the settlement price of the main contract in the U.S. WTI crude oil futures market was 59.16 US dollars / barrel, and the settlement price of the main contract in Brent crude oil futures market was 62.74 US dollars / barrel. Affected by this, the price trend of p-xylene was temporarily stable.

In the near future, the price trend of PTA Market in the downstream has dropped sharply, and the domestic PTA spot market has declined. As of the 31st, the average price of PTA market is 4400-4450 yuan / ton, with a decrease of 6.96% in March. PTA supply continues to be at a high level. Due to limited maintenance efforts, the operation rate of domestic PTA plant is about 85%. The orderly resumption of the terminal market after the festival has made the resumption time ahead of schedule. As of March 31, the comprehensive start-up rate of chemical fiber weaving in Jiangsu and Zhejiang has increased to more than 86%. As the current PTA price is still affected by crude oil, the number of new cases in Europe increases, the blockade and restriction measures are restarted, and the market is worried that the blocked vaccination process in Europe will damage the economic recovery and fuel demand. The sharp decline of crude oil has dragged down the center of gravity of the chemical products market, weakened the support for PTA cost, and the continuous decline of downstream market, which has a certain negative impact on PX market.

Business community PX analyst Chen Ling believes that there is a certain risk of decline in the current cost side, short-term crude oil prices will remain high volatility, but the downstream PTA and textile market is not optimistic, and it is expected that the market price of p-xylene will fall later.

1、 Price trend

According to the bulk data monitoring of business news agency, as of March 31, the average price of refrigerant R22 was 15933.33 yuan / ton, which was the same as the previous day, increased by 7.9% compared with the beginning of the month, and decreased by 13.09% compared with the same period last year.

According to the bulk data monitoring of the business community, as of March 31, the average price of refrigerant R134a was 20433.33 yuan / ton, unchanged from the previous day, up 3.37% from the beginning of the month, and down 10.51% from the same period last year.

2、 Market analysis

R22: the price of raw materials tends to be stable, chloroform rises and then falls back, but the support force is still strong, the demand side is relatively stable, just need to purchase mainly, although the market gradually enters the peak season, the market trading still has not improved significantly, the enthusiasm of taking goods is general, the manufacturers mainly send orders, and the attitude of supporting the market is strong. At present, R22 market quotation is around 15500-17000 yuan / ton, Shandong quotation is about 16000-17000 yuan / ton, Zhejiang quotation is about 15500-16000 yuan / ton, Hunan quotation is about 15500-16000 yuan / ton, Shanghai quotation is about 16000 yuan / ton.

R134a: the price of raw material hydrofluoric acid is stable and still has support, but the follow-up of the demand side is insufficient, the demand of the car market is poor, and the transaction of high price R134a new order is general, the downstream receiving capacity is limited, and the wait-and-see mood is strong. At present, R134a market quotation is mostly in the range of 19000-22000 yuan / ton, Shandong quotation is about 20000-20500 yuan / ton, Zhejiang quotation is about 20000-22000 yuan / ton, Hunan quotation is about 21000-21500 yuan / ton, Jiangsu quotation is about 22000 yuan / ton, Shanghai quotation is about 21000 yuan / ton.

In terms of raw materials, on March 31, the mainstream price of domestic anhydrous hydrofluoric acid manufacturers was 10000-11000 yuan / ton, and the ex factory price trend of on-site merchants rose slightly. The operating rate of domestic hydrofluoric acid manufacturers was general, and the supply of on-site goods was slightly tight. Affected by the high price of fluorite, the market trend of downstream refrigerants was temporarily stable in the near future, and the on-demand purchase was mainly on-site. It is expected that the on-site price will rise slightly in the later period .

Trichloromethane. On March 30, the reference price of trichloromethane was 3750.00, up 23.76% compared with that on March 1 (3030.00). At present, the inventory pressure of methane chloride production enterprises in Shandong Province is not great. In addition, the downstream procurement has slightly recovered, and the liquid chlorine is rising. It is expected that the price of methane chloride will rise steadily in the future.

3、 Future forecast

According to the refrigerant analysts of the business society, at present, the raw material prices are stable and the supporting force is acceptable, but the demand side follow-up is general, the receiving capacity is limited, the high price transaction atmosphere is general, the manufacturers mainly supply orders, and the willingness to support the price is relatively strong. It is expected that the R22 and R134a market will run stably in the short term, and there is an upward expectation.