Latest price (December 16): 4743.33 yuan / ton

Key points of analysis: according to the data monitoring chart of business agency, the domestic LNG market continued to rise on December 16, and the price increased by 2.15% compared with the previous day. Recently, some liquid plants have been shut down, the supply has decreased, and due to cost considerations and the decline of temperature, the market trading has improved to a certain extent, the domestic liquid price has continued to rise, and the imported gas continues to decline slightly.

Future forecast: it is expected that there will still be an increase in expectations in the short term, but the market negative factors have not retreated and the increase is not large.

Trade name: titanium concentrate

Latest price: December 15: 2155 yuan / ton

Key points of analysis: the market price of titanium concentrate in Panxi area is basically stable. At present, the market situation of titanium concentrate is OK. The downstream titanium dioxide enterprises continue to issue price increase letters, and the titanium dioxide market stops falling and stabilizes. The market inquiry increased and the overall market turnover improved.

Forecast: the price of titanium concentrate will be mainly stable in the short term.

Trade name: formic acid

Latest price (December 14): 4200 yuan / ton

On December 14, the market price of formic acid was temporarily stable, flat compared with the previous trading day, down 2.33% compared with the price at the beginning of the month and 44% compared with the price on November 14. At present, the raw materials methanol and caustic soda are in weak operation, the price of sulfuric acid is temporarily stable, the price of liquid ammonia rises slightly, the cost support is limited, the downstream inquiry and procurement efforts are OK, the enterprise mainly ships, and the market trading is orderly.

It is expected that the formic acid market may be stable in the short term.

1、 Price summary on December 10:

Shijiazhuang Refining & Chemical Co., Ltd. offers 5650 yuan / ton, and Qilu Petrochemical Co., Ltd. offers 5650 yuan / ton,

Yangba offers 5550 yuan / ton,

Guangzhou Petrochemical offers 5800 yuan / ton,

Changling refinery offers 5700 yuan / ton,

Shandong Jingbo Petrochemical offers 6101 yuan / ton.

2、 Fluctuation trend:

3、 Analysis and comments:

In terms of crude oil, the market’s concern about the impact of the mutant strain Omicron on the global economy and crude oil demand has been alleviated. Superimposed on OPEC + control of production, it is unlikely that Iranian oil will return to the international market in the near future. The oil market remains in a tight balance, the oil price has been supported, and the international oil price has risen again.

Last Friday, the international oil price continued to rise, but the toluene market was cautious. The downstream only needs support. The Northeast cargo is sold out, the supply increases, the market is under pressure and the mentality is empty.

1、 Price trend

According to the monitoring data of business agency, the price of caustic soda decreased. At the beginning of the week, the market price in Shandong was 802.5 yuan / ton, and the average market price in Shandong was 785 yuan / ton at the weekend. The price decreased by 2.18%, and the price increased by 60.2% compared with the same period last year.

2、 Market analysis

Caustic soda prices fell this week. The overall start-up of caustic soda is high and the inventory is sufficient. At present, the liquid caustic soda shows a downward trend. The main reason for the downward trend is that the liquid caustic soda inventory of the main alumina plant in Shandong, the main production area, is sufficient and the demand for caustic soda is general. The price of caustic soda in Shandong is weak, and the mainstream ex factory price of 32% caustic soda is about 700-830 yuan / ton. The purchase price of liquid alkali was lowered in the alumina market, and the price of liquid alkali was lowered due to insufficient downstream support.

Downstream: the alumina support in the downstream of caustic soda is insufficient. At present, alumina enterprises generally purchase caustic soda and constantly exert pressure on caustic soda. The demand for alumina is general, and the shipment of caustic soda enterprises is general.

According to the price monitoring of the business society, in the 48th week of 2021 (11.29-12.3), there were 0 kinds of commodities rising, 5 kinds of commodities falling and 0 kinds of commodities falling. The main commodities falling were caustic soda (- 6.69%), light soda (- 5.54%) and PVC (- 2.71%). The average rise and fall this week was – 3.36%.

Business analysts believe that recently, the overall transaction of caustic soda is weak, the alumina downstream of caustic soda is mainly purchased on demand, the shipment of caustic soda is general, and the market transaction is weak. It is expected that caustic soda will continue to be weak in the future, depending on the downstream market demand.

At present, the latest quotation of ethylene oxide industrial chain: the ex factory price of ethylene oxide in East China, North China, South China and Northeast China is 7500 yuan / ton, and the ex factory price in Central China is 7700 yuan / ton, which is the same as that of the previous trading day.

Upstream ethylene continued to decline slightly, and the external price of ethylene in Northeast Asia was USD 1060 / T, down $20 / T from the price of the previous trading day; The external price of ethylene in Southeast Asia is US $1045 / ton, and the quotation of Jinshan Lianmao ethylene today is 7800 yuan / ton, which is the same as that of the previous trading day. Affected by the decline of raw materials, the loss of ethylene oxide was reduced. According to the latest external price, ethylene oxide is currently at a loss of 100 yuan / ton.

The overall performance of the downstream polycarboxylate superplasticizer monomer is flat. The distribution quotation of Linyi Ruihang (Sanjiang monomer) hPEG today is 8800 yuan / ton; The ex factory quotation of Hubei Lingan hPEG is 9300 yuan / ton, and the price of TPEG is 9600 yuan / ton; The price of domestic hPEG of Shanghai Dongda chemical monomer is 9200 yuan / ton, and the price of imported TPEG is 9500 yuan / ton.

During the week, the market is still worth mentioning the situation of Zhenhai Refining and chemical industry. Shangyu Industrial Park bears the brunt of the outbreak in Shangyu area. Zhenhai Refining and chemical EO cut eg and increased the eg start from 70% to full load. In the later stage, we need to pay attention to the impact of epidemic prevention, logistics and other factors. Although the supply of ethylene oxide in East China was slightly tightened and the number of people taking delivery in North China increased compared with the previous period, the upstream ethylene price continued to decline slowly, which also depressed the ethylene oxide Market at the cost side, and the downstream profit space was thin. In addition, the demand side remained depressed, the manufacturers’ production enthusiasm was weakened, and some manufacturers reduced the load. Overall, ethylene oxide Market is more likely to remain stable.

Trade name: acrylic acid

Latest price (December 9): 15733.33 yuan / ton

The acrylic acid market fell on December 9, down 6.72% compared with the previous trading day and 11.11% compared with the price on November 9. At present, the price of raw material propylene is mainly stable, the cost support is limited, the supply side is sufficient, the downstream receiving enthusiasm is weak, the procurement is mainly on demand, and the focus of market negotiation is downward.

It is expected that the acrylic acid market will be dominated by weakness in the short term.

Market price of domestic main hydrogenated benzene Market on December 8 (unit: yuan / ton)

Region, December 1, price, rise and fall

East China, 6400 ～ 6450., 0

Shandong Province, 6000 ~ 6100,0

On November 29, 2021, the listing price of Sinopec pure benzene was reduced by 300 yuan / ton and 6450 yuan / ton was implemented. Others: Dongming Petrochemical offers 6200 yuan / ton, HSBC Petrochemical offers 6150 yuan / ton, and Jincheng Petrochemical offers 6300 yuan / ton; Weilian chemical offers 6303 yuan / ton, Xinhai Petrochemical 6300 yuan / ton and Hongrun Petrochemical 6350 yuan / ton.

International oil prices rose sharply for two consecutive trading days. On December 7, WTI crude oil futures in the United States continued to rise, with the settlement price of the main contract at US $72.05/barrel, up US $2.56 or 3.7%, and the settlement price of Brent crude oil futures at US $75.44/barrel, up US $2.36 or 3.2%. Last week, oil prices plummeted due to panic over the mutant virus Omicron. At present, the market’s concerns about the impact of Omicron on global demand have been further alleviated; In addition, the U.S. – Iran nuclear negotiations have encountered obstacles, and it is unlikely that Iranian oil will return to the market in the near future, which provides support for oil prices.

Crude oil rebounded sharply, giving a good boost to related commodities. In terms of pure benzene, the lower reaches of Shandong were bargain hunting, the enterprise shipped better, and the price rebounded to around 6300 yuan / ton. On Tuesday, Shanxi datu River auctioned 4960 yuan / ton, setting the tone of slight fluctuation in the bidding price of crude benzene this week. The price of raw materials is strong, the profits of benzene hydrogenation enterprises are poor, and the enthusiasm to start operation is low. Basically, it is boosted by crude oil, the market information is slightly improved, the price of pure benzene is slightly warmer, and it is expected to maintain a slight shock trend in the short term.

Trade name: ammonium sulfate

Latest price: 1896 yuan / ton

Key points of analysis: the price of ammonium sulfate was stable on December 7, which was flat compared with the previous trading day. Today’s ammonium sulfate Market has limited new orders, mainly on the sidelines. Downstream on-demand procurement, no significant improvement on the demand side. At present, there is no clear guidance in the market, waiting for the release of the news, and there is little fluctuation in the short term. It is recommended to pay attention to demand side changes.

Future forecast: the price of ammonium sulfate will be stable in the short term.

Acetic anhydride market fell sharply on December 6

According to the data monitoring of business society, the price of acetic anhydride fell sharply on December 6, and the market of acetic anhydride fell. On December 6, the price of acetic anhydride was 10900.00 yuan / ton, down 4.60% from 11425 yuan / ton on December 3 of the previous trading day. Affected by the decline of raw materials, acetic anhydride market fell sharply.

Acetic anhydride cost down

According to the monitoring data of business society, the price of acetic acid was weak and temporarily stable on December 6. The price of acetic acid on December 6 was 6250 yuan / ton, which was stable compared with the price of acetic acid on December 3 of the previous trading day, and decreased by 5.16% compared with 6590 yuan / ton on December 1 at the beginning of the month. The price of acetic acid fell, the cost of raw materials of acetic anhydride decreased, which was bad for the acetic anhydride market. The rising power of acetic anhydride in the future market weakened, and the downward pressure increased.

Market overview and future forecast

According to the acetic anhydride data analyst of business society, on December 6, the price of acetic anhydride raw material acetic anhydride fell, the cost of acetic anhydride decreased, the inventory of acetic anhydride was low, there were many wait-and-see purchases in the downstream, the market turnover was cold, and the price of acetic anhydride is expected to fluctuate and fall in the future.