1、 Price trend

According to commodity data monitoring, isopropanol prices fell this month. The average price of isopropanol in China was 7133.33 yuan / ton at the beginning of the month, and 6650 yuan / ton at the end of the month. The price fell by 6.78% within the month.

2、 Market analysis

Figure: price trend comparison of acetone and isopropanol in June

In June, domestic isopropanol fluctuated and fell. Internationally, the price of isopropanol in the United States was stable in June, while the market of isopropanol in Europe was stable. Up to now, the quotation range of isopropanol in Shandong is about 6600-6800 yuan / ton, and that in Jiangsu is about 6500-6900 yuan / ton. The quotation range of isopropanol in Zhejiang is 6500-6600 yuan / ton. This month, the raw material acetone fell, the operation rate of East China acetone isopropanol plant increased, the downstream wait-and-see sentiment was obvious, the on-site inquiry was general, the on-site trading of isopropanol was short, and the price was reduced.

In terms of raw materials, isopropanol prices fell this month. The average price of domestic acetone was 5675 yuan / ton at the beginning of the month and 4950 yuan / ton at the end of the month. The price fell by 12.78% within the month. At present, the supply of spot resources in the market is sufficient, the buying mood of terminal factories is general, the overall trading atmosphere of the market is low, and there are few real orders in the market. Factory inventory is high, import supply is replenished one after another, market supply is sufficient, short-term trading atmosphere is difficult to change, terminal just need small order replenishment. Downstream more wait-and-see, operators more cautious operation. The cost of propylene isopropanol is inverted, and the operating rate is low. Except for Jinzhou petrochemical, all other units are shut down in May.

3、 Future forecast

Isopropanol analyst of chemical branch of business society thinks: at present, foreign export orders are general. The price of raw material acetone fell, the cost of propylene hung upside down, and the effect of forced support was little. Most of the downstream operators are mainly on the wait-and-see basis, and their buying enthusiasm is not high. At present, the factory inventory increases, the spot supply is sufficient, and the delivery pressure of the goods holder is greater. The lower reaches are mainly wait-and-see, and the overall trading atmosphere of the market is light. Overall, isopropanol prices are likely to continue to decline in the short term, and follow-up attention should be paid to news changes.

1、 Price data

As of June 27, the average factory price of domestic domestic refining and hydrotreating naphtha was 6883.33 yuan / ton, up 0.83% from 6826.67 yuan / ton on June 21. The actual transaction price of local hydrotreated naphtha was about 6900-7000 yuan / ton.

As of June 27, the average factory price of domestic straight run naphtha was 6763.33 yuan / ton, up 1.00% from 6696.67 yuan / ton on June 21. The actual transaction price of direct distillation naphtha was about 6700-6800 yuan / ton.

On June 27, the naphtha commodity index was 84.95, which was flat with yesterday, down 17.22% from 102.62 points (2012-09-24), the highest point in the cycle, and 101.11% higher than the lowest point of 42.24 on July 19, 2016（ Note: the cycle refers to September 1, 2012 to present)

2、 Analysis of influencing factors

This week, naphtha prices rose slightly, the refining market this week has no inventory pressure, and international crude oil rose, which requires procurement as the main.

Upstream: the international crude oil price has risen, the international economy has gradually recovered, the vaccination in the United States is growing rapidly, the demand for crude oil in the United States is in a peak season, and the expectation of recovery of demand in Europe and the United States has boosted the crude oil market. In addition, OPEC + alliance continues to adhere to the measures of gradually resuming supply from June to July, Offsetting the risk of increased supply that could result from consensus reached in the US Iraq nuclear agreement to support oil prices.

Downstream: according to the monitoring of business agency, toluene price fell slightly this week and stabilized. On June 20, the price of toluene was 5801 yuan / ton, and on June 27, it was 5781 yuan / T, down 20 yuan / T from last week, or 0.34%. Mixed xylene rose slightly this week, with the price of mixed xylene of 5840 yuan / ton on June 20 and RMB 5880 / T on June 27, up 40 yuan / ton, or 0.68% from last week. In terms of PX market, the domestic PX price this week remained stable, with the price of 6500 yuan / ton.

Industry: according to the price monitoring of business society, 13 commodities in the energy sector rose month on month in the list of commodity prices rising and falling in the 25th week of 2021 (6.21-6.25), of which more than 5% of the commodities increased by 1, accounting for 6.3% of the monitored commodities in the sector; The top 3 commodities were coking coal (6.35%), power coal (3.47%), coke (2.77%). There are three commodities falling on the same month, the first three products are dimethyl ether (-2.68%), petroleum coke (-2.41%), MTBE (-0.84%). This week, the average rise and fall was 1.12 per cent.

3、 Post market forecast

Energy analysts of business society believe that the international crude oil price is high in the near future and the cost of naphtha market is supported. Near the end of the month, the terminal and aromatics have just to be supported. The pressure on the refinery delivery is not large. It is expected that the price of naphtha refining will be stable in the near future, with some small fluctuations.

According to the data monitored by the business community, as of June 25, the average price of pet water bottle manufacturers was 6733.33 yuan / ton. The overall pet market was running smoothly with a small upward trend. The prices quoted by manufacturers were stable, and the price range was 6700-6800 yuan / ton.

This week, the pet market was mainly stable, with prices of some manufacturers rising slightly and rising in a narrow range. At present, pet goes smoothly, transaction prices fluctuate above and below the cost line. The focus of negotiation is narrow and upward. The downstream demand is general, and the inventory is normal. PTA in the upstream has a narrow and upward trend, which is favorable for support, spot flow and tight inventory. The mainstream price range is 4800-5000 yuan / ton.

On June 24, the rubber and plastic index was 775 points, flat with yesterday, down 26.89% from 1060 points (2012-03-14), the highest point in the cycle, and up 46.78% from 528 points, the lowest point on April 6, 2020（ Note: period refers to the period from December 1, 2011 to now

Business community pet analysts believe that: in the short term, pet prices are stable on the upper side, and the downward range is limited（ To learn more about the latest market trends, please pay attention to the official account of the business community, get information on goods, and grasp the price of commodities.

1、 Price trend

According to the monitoring data of the business association, the price of chlorinated paraffin was stable this week. On June 21, the average price of domestic chlorinated paraffin 52 was 6033 yuan / ton, and on June 25, the average price of domestic chlorinated paraffin 52 was 6033 yuan / ton, which was stable this week.

2、 Market analysis

This week, domestic chlorinated paraffin raw material support is insufficient, chlorinated paraffin market is stable. At present, the ex factory price of chlorinated paraffin 52 in Anhui is 5600-6400 yuan / ton, that in Northeast is 5800 yuan / ton, that in Hebei is 5000-6000 yuan / ton, that in Shaanxi is 6500 yuan / ton, and that in Shandong is 5500-6500 yuan / ton.

In terms of raw material liquid wax, the price of liquid wax was generally stable this week, the supply was reduced, and the downstream demand was relatively stable. In terms of raw material liquid chlorine, the price of liquid chlorine decreased slightly this week, the confidence in the market was insufficient, and the market was stable in the short term.

3、 Future forecast

Business analysts think. Although the price of chlorinated paraffin raw materials decreased this week, the market demand was good. Good follow-up of the terminal, fair trading volume. It is expected that the price of chlorinated paraffin will be stable in the short term.

1、 Price trend

2、 Market analysis

According to the data of business news agency, the domestic potassium sulfate Market has strengthened recently, and the spot price has increased greatly. As of June 24, the average price of domestic potassium sulfate 50 particle samples was 3716.67 yuan / ton, an increase of 21.20% compared with the average price at the beginning of the month, and an increase of 38.94% compared with the same period last year.

Domestic potassium sulfate prices rose significantly in the second half of June, led by the ex factory prices of processing enterprises. Recently, the domestic potash fertilizer market continued the previous trend, with a high rise. In terms of potassium chloride, the tight supply pattern has not improved, and the high price is good for the cost side of processing potassium sulfate enterprises, but it also increases the cost side pressure of some enterprises. However, the feedback from the demand side to the high price source is not good, and the price rise is blocked, resulting in the decrease of the operation rate of domestic potassium sulfate production plant. At present, the overall operating rate of Mannheim plant in China has fallen below 60%, and the conversion of the benefit of potassium chloride is not good. A number of potassium sulfate enterprises are sealed and do not accept orders for the time being. In terms of external offer and imported potassium, the arrival is slow, and the source price is high, so the transaction is not smooth.

3、 Future forecast

Business News Agency potassium sulfate analysts believe that: the recent potassium chloride price continued the previous strong market, domestic potassium sulfate cost side support and cost side pressure coexist. At the same time, the domestic potash fertilizer market is in short supply, and the spot price in the market is obviously rising. However, the end users are more resistant to the high price of goods, and the fluency of shipment forms a certain resistance to the rise. It is expected that the trend of domestic potassium sulfate in the near future will enter the adjustment market of supply and demand game.

According to the data of the business club’s block list, as of June 23, the average price of propylene oxide enterprises was 14000 yuan / ton, which was 1.94% higher than that on June 16, 10.45% lower than that at the beginning of the month, and 22.79% lower than that on May 23.

Since the second half of June, the market of propylene oxide has been stable first and then rose. The market continued to rise on the 23rd

Since entering June, the market of propylene oxide has been weak in the first half of the month, with a decline of 12.15%. Since the second half of the month, the pressure of factory delivery is not big. The main factories are in the attitude of supporting the market, while the downstream purchasing attitude is still cautious. Under the supply and demand game, the market stops falling and stabilizes, and the market is mainly on the wait-and-see side. With the gradual increase of downstream purchasing enthusiasm, the market turnover turns better, and the negotiation focus of propylene oxide goes up. At the beginning of this week, the demand of the middle and lower reaches is relatively stable, the market rises slightly, and the market has a strong wait-and-see atmosphere, On Tuesday, some manufacturers cut the load and stopped, the market was active, and the market rose slightly again. On Wednesday, the manufacturers had no pressure, and the downstream follow-up was stable, and the market continued to rise. At present, the mainstream quotation of propylene oxide Market in Shandong is around 13300-13400 yuan / ton, and the mainstream quotation of propylene oxide Market in East China is around 13400-13700 yuan / ton.

Upstream propylene, June 23, Shandong propylene market prices stopped falling temporarily. According to the price chart of the business club, the domestic propylene market has been in a downward trend since June. Today, the low-end price has increased by about 50 yuan / ton. Now, the market turnover is around 7600-7800 yuan / ton, and the mainstream price is about 7800 yuan / ton. At present, the market transaction is stable, the downstream purchases on demand, the downstream performance is general, and the support for propylene is limited.

According to the monitoring data of the business community, the reference price of propylene glycol on June 22 was 16066.67, down 0.21% compared with June 16; As of June 22, the soft foam polyether market in Shandong rose slightly, the cost support was strengthened, the downstream inquiry atmosphere was acceptable, and the purchasing mentality was still cautious. On June 22, the mainstream quotation of common soft foam polyether market in Shandong was around 13600-13700 yuan / ton.

According to the propylene oxide analysts of business news agency, generally speaking, at present, the cost support is general, the manufacturers have no pressure, and the downstream receiving capacity is relatively stable. It is expected that the propylene oxide market may still go up in the short term, and the specific trend is more. We still need to pay attention to the market information guidance.

Recent price trend of isooctanol

As can be seen from the figure above, the ex factory price of isooctanol in Shandong Province fell sharply this week. This week, the average ex factory quotation price of isooctanol in Shandong fell from 15933.33 yuan / ton at the beginning of the week to 15233.33 yuan / ton at the end of the week, a decrease of 4.39%, up 113.05% compared with the same period last year. Overall, the market of isooctanol fell sharply this week, with the isooctanol commodity index at 112.01 on June 18.

Downstream demand weakened, ISO octanol fell

From the manufacturer’s quotation, the factory quotation of Shandong’s mainstream ISO octanol manufacturers fell this week: Jianlan chemical’s quotation of ISO octanol this weekend was 15200 yuan / ton, down 600 yuan / ton compared with that at the beginning of the week; Lihuayi quoted 15200 yuan / ton of ISO octanol this weekend, down 600 yuan / ton compared with the beginning of the week; Hualu Hengsheng quoted 15200 yuan / ton of ISO octanol this weekend, down 900 yuan / ton compared with the beginning of the week.

From the perspective of the upstream and downstream industrial chain, the propylene market in the upstream raw material market of ISO octanol rose slightly this week, with the quotation rising from 7918.55 yuan / ton at the beginning of the week to 7927.64 yuan / ton at the end of the week, an increase of 0.11%, and a year-on-year increase of 16.15%. The price of raw materials in the upstream market rose slightly, affected by the supply and demand side, which had a positive impact on the price of isooctanol.

ISO octanol downstream market, DOP factory price fell sharply this week. DOP quotation fell from 13433.33 yuan / ton at the beginning of the week to 13000.00 yuan / ton at the end of the week, down 3.23%, up 79.72% year on year. The price of downstream DOP dropped sharply, the enthusiasm of downstream customers to purchase octanol decreased, and the demand for isooctanol weakened.

Insufficient demand and bearish outlook

In late June, the market trend of isooctanol in Shandong may fluctuate slightly. On the whole, the ISO octanol plants have been started in recent years, the overall operation rate of the ISO octanol industry has increased, the spot supply of ISO octanol is sufficient, but the downstream market is poor, the demand is weakened, and the supply exceeds the demand. As a result, isooctanol analysts from business news agency believe that in late June, the domestic market of isooctanol may fall slightly.

1、 Price trend

(Figure: p-value curve of diethylene glycol product)

According to the business news agency, on June 18, the average p value of diethylene glycol market price was 6266.67 yuan / ton, down 277 yuan / ton from last Friday, down 4.23%.

On Tuesday, the price of glycol dropped slightly. Sinopec’s ex factory quotation in East China was reduced by 350 yuan / ton, and Sinopec’s ex factory quotation in South China was reduced by 150 yuan / ton.

2、 Analysis of influencing factors

As of June 15, the total inventory of diethylene glycol in the main ports of East China was 1886 tons, an increase of 506 tons or 36.67% over last Monday. With the recent increase in the narrow range of terminal arrival, the terminal inventory has picked up slightly. In the near future, new domestic plants are about to start up, and the tight domestic inventory has been eased. Although there is an export plan of 8000 tons this month, it has little impact on the overall supply side.

3、 Analysis and forecast

At present, in the off-season of demand, the terminal demand is weak. The operation rate of the downstream unsaturated polyester resin industry continues to slow down due to the seasonal influence, and the downstream purchasers are still in a state of sluggish in the off-season. The production of new domestic units will make up for the shortage of supply caused by export orders, and the overall change of the supply side is small. It is expected that the short-term diethylene glycol market will continue to be weak and volatile.

1、 Price trend of sodium pyrosulfite in China

According to the monitoring of the business agency, the domestic sodium pyrosulfite price is slightly stronger this week, the average price of industrial grade sodium pyrosulfite at the beginning of the week is 2016.67 yuan / ton, and the average price at the weekend is 2033.33 yuan / ton, up 0.83% slightly.

2、 Market analysis

In June, the prices of domestic soda and sulfur continued to rise, and the factory price of sodium pyrosulfite continued to rise under the support of cost. The overall transaction of domestic sodium pyrosulfite market this week was good. The market price range of industrial grade sodium pyrosulfite was 1900-2200 yuan / ton, and most of the prices were concentrated around 2000-2050 yuan / ton. Just need to support, downstream will to prepare goods is strong, Jiaoya inventory has declined, enterprises to complete old customer orders（ The above prices refer to the foreign quotation of domestic mainstream enterprises. Some enterprises not reported are not within their scope for a while, and the price is for reference only. It is not related to the final price of the manufacturer. Please contact each manufacturer for details for details).

As of Friday, the domestic soda price rose 4.29% in June, sulfur price increased by 1.26%, raw material cost continued to rise, and the continued upward cost will further support the market price of sodium pyrosulfite in the future market.

3、 Post market forecast

Analysts of business society believe that, supported by cost and demand, it is expected that there is still room for the domestic market price of sodium pyrosulfite to rise in the short term.

On June 16, the domestic futures market closed significantly differentiated, most of the energy chemicals rose, PTA rose by more than 3%, styrene and fuel oil rose by more than 2%, urea fell more than 4%; The decline of nonferrous and black systems ranked the first, with Shanghai nickel falling nearly 4%, thread down nearly 3%, hot roll, Shanghai copper and glass falling more than 2%; The oil fell, and vegetable oil fell more than 2%.

Specifically, PTA futures main force 2109 closed 4880 yuan / ton, up 148 yuan / ton, up 3.13%. Spot market followed up, with the average market price at 4843 yuan / ton, up 2.36% from the previous day, up 32.42% year on year.

International crude oil prices have constantly refreshed the high since October 2018, and in this context, PTA market has been significantly supported by cost. At the same time, with the consumption of terminal goods sources in the Dragon Boat Festival holiday, PTA circulation sources in some areas are still relatively small, which is also beneficial to the market.

Xia Ting, an analyst at business society, said that cost boost and tight spot liquidity in the short term have driven. In the later market, the end textile off-season and the expected production capacity of PTA are subject to the expectation. It is expected that PTA price will still be explored, but the increase will be narrowed.