1、 Price trend

According to the monitoring data of business agency, the average factory price of domestic ammonium sulfate on August 1 was 1246 yuan / ton, and the average factory price of domestic ammonium sulfate on August 30 was 1211 yuan / ton. The price of ammonium sulfate in this month decreased by 2.81%.

2、 Market analysis

The ammonium sulfate market rebounded after falling this month. In the first half of August, the price of ammonium sulfate continued to fall. The market demand for ammonium sulfate is sluggish, the downstream takes goods according to demand, and the on-site transaction is not good. The supply of manufacturers and dealers is sufficient, and enterprises continue to reduce prices in order to digest inventory. In terms of international export, the market demand for ammonium sulfate is also weak. In the second half of August, the price of ammonium sulfate began to rebound and rise. The market demand for ammonium sulfate has a certain support, and the low level begins to make up. The supply of ammonium sulfate in the site is sufficient, and the downstream is mainly purchased on demand, with a general transaction. The urea market rose steadily, which was favorable to the ammonium sulfate Market. As of August 30, the main factory price of coking grade ammonium sulfate in Shandong is about 1190 yuan / ton, and the main factory price of ammonium sulfate in Hebei is about 1160 yuan / ton. The ex factory price of Hexi grade ammonium sulfate in Shandong Province is 1180-1320 yuan / ton.

Since the beginning of August, the downstream compound fertilizer market was weak, and the commencement was at a low level. The demand for ammonium sulfate was weak, and most compound fertilizer enterprises suspended their quotations. In late August, the trading atmosphere of the compound fertilizer market increased, the price of urea, the raw material of compound fertilizer, rebounded and rose, and the cost support was good. The rise of urea market is favorable to the market of ammonium sulfate.

According to the weekly fluctuation chart from June 6, 2022 to August 28, 2022, it can be seen that the domestic ammonium sulfate has a large decline range in the cycle. The largest increase was 5.64% in the week of August 15, and the largest decrease was – 7.52% in the week of July 11.

3、 Future forecast

According to the ammonium sulfate analyst of the business community, the urea market has risen recently, and the trading atmosphere of the nitrogen fertilizer market has increased. Domestic autumn fertilizer demand began to release, the downstream began to follow up, and the favorable factors in the field increased. It is expected that the price of ammonium sulfate will rise in the short term.

According to the data monitoring of the business agency, the domestic price of LLDPE (7042) was 7840 yuan / ton on August 21, and the average price was 7875.71 yuan / ton on August 29. The increase rate in the week was 0.46%, down 9.30% compared with July 1.

According to the data monitoring of business agency, the average ex factory price of LDPE (2426h) was 9783.33 yuan / ton on August 21 and 9516.67 yuan / ton on August 29, with a decrease of 2.73% in the week and 12.96% compared with July 1.

According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) was 8516.67 yuan / ton on August 21, and 8450 yuan / ton on August 29, with a decrease of 0.78% in the week and 10.27% compared with July 1.

This week, the overall trend of the domestic polyethylene market is weak, and the three spot varieties have different ups and downs, with a fluctuation range of 50-350 yuan / ton. Among them, LLDPE showed an upward trend, while LDPE and HDPE prices fell. During the week, the international crude oil market fluctuated and rose, which brought certain support to the market in terms of cost. However, the market supply has increased, and the start-up of Shanghai Petrochemical and other units has brought certain negative effects. In terms of demand, many places are affected by the high temperature, the increase of downstream orders is limited, the market trading atmosphere is weak, and the mentality of merchants is negative. Only a few brands have increased, and most of the others have decreased.

On August 29, the opening price of polyethylene futures 2301 was 7735, the highest price was 7786, the lowest price was 7666, the closing price was 7690, the previous settlement price was 7677, the settlement price was 7725, up 13%, the trading volume was 387642, the position was 318297, and the daily increase was 2584. (quotation unit: yuan / ton)

Although the current international crude oil market is still rising, the support brought by the cost is relatively limited. The overall supply of polyethylene market has increased, but the follow-up of downstream demand is limited, and the market trading atmosphere is weak, still dominated by weakness. It is expected that the PE spot market may still decline slightly in the short term.

According to the data of the bulk list of business agency, the price of hydrazine hydrate rose after falling this week. The average price of hydrazine hydrate at the beginning of the week was 23450.00 yuan / ton, and the average price of hydrazine hydrate at the weekend was 21500.00 yuan / ton.

At present, the quotation of hydrazine hydrate enterprises is stable. This week, the raw material urea rises, and the cost of hydrazine hydrate recovers. However, the downstream demand continues to be weak, and the downstream sporadic small orders are purchased. Holding the shipping mentality of the manufacturers, the actual orders are negotiated for profit.

According to the data monitoring of business agency, the price of hydrazine hydrate in some enterprises in the near future (for reference only, the actual transaction prices of different brands, different specifications and products are mainly negotiated).

Hydrazine hydrate analysts of business society believe that the domestic hydrazine hydrate cost side urea is strongly supported by the upstream, and under the guidance of good purchasing enthusiasm of the downstream, the urea market price may rise again, and the hydrazine hydrate cost side support becomes stronger, and the price may rise.

According to the monitoring data of the business agency, on August 25, the average price of petroleum asphalt manufacturers in Shandong was 4456 yuan / ton, up 0.03% from the previous trading day and 30.56% year-on-year. The closing price of the main contract of asphalt futures was 4018 yuan / ton, up 2.60%.

The international crude oil is strong, and the asphalt futures price rebounds sharply. In terms of spot, the quotation is relatively stable, and individual quotations are slightly adjusted. In the near future, downstream operators will purchase on demand, and the refinery will maintain a balance between production and sales.

The short-term domestic asphalt market is mainly sorted out.

According to the monitoring of the business agency, the market price trend of domestic phthalic anhydride is rising. As of the 24th, the quotation of phthalic anhydride is 8200 yuan / ton. The spot supply in the market is normal, and the sales situation is general.

The domestic market price of phthalic anhydride increased slightly, the delivery of phthalic anhydride in the market was general, the downstream demand had little change in the near future, the upstream adjacent benzene price had a stable trend, the plasticizer market had little change, the spot supply of phthalic anhydride in the market was normal, and the market price of phthalic anhydride increased slightly. Some domestic phthalic anhydride units were shut down for maintenance. The operating rate of phthalic anhydride in the plant was less than 60%. The domestic supply of phthalic anhydride was reduced, and the market price trend was mainly increased. The downstream plasticizer industry was slightly lower, and the actual transaction was normal. The market price of phthalic anhydride in East China has increased slightly, and the high-end transactions in the market are limited. The main negotiation price of adjacent method in East China is 8100-8300 yuan / ton, and that of naphthalene method is 8000-8100 yuan / ton; The mainstream price of the phthalic anhydride market in North China is 8200-8400 yuan / ton. The wait-and-see mentality of the phthalic anhydride market still exists, and the downstream is mainly based on demand. The recent market trend of adjacent benzene is stable, and it is expected that the market price of phthalic anhydride will rise slightly in the later period.

At the opening of the new week, the domestic MIBK market was finally unable to cope with the sluggish downstream demand market, and fell again. Under the increasing pressure of shipment, the offer of the carrier fell, and the negotiated price in the East China market fell to about 9800 yuan / ton.

Raw material acetone has been in a stalemate recently. Although the supply chain for factory maintenance is expected to decrease, the port stock in the new week has increased, and the demand has shrunk. The procurement has entered a wait-and-see state. The mainstream offers of the cargo carriers have decreased, and the domestic acetone market has been in a stalemate. The mainstream negotiations in East China are at 4600 yuan / ton. It is difficult to release the on-site transactions in the new week.

Most enterprises have poor shipment, insufficient orders on the demand side, and it is difficult to follow up the demand. The price of the primary market fell again, and the participation of intermediate traders was poor. It is expected that the domestic MIBK market will continue to bottom out. The market negotiation in East China is 9700-9800 yuan / ton, and the market negotiation in South China is about 9850-9950 yuan / ton.

According to the price monitoring of the business agency, the sulfur price trend in East China increased slightly this week. On August 19, the average price of sulfur was 1153.33 yuan / ton, up 2.06% compared with the price of 1130.00 yuan / ton at the end of last month, up 24.46% compared with the beginning of the month.

This week’s sulfur market is waiting to be sorted out and put into operation. The shipments of some manufacturers increased at the weekend, and the sulfur price rose slightly at the beginning of the week. The sulfur market in the week is mainly stable, while the downstream market is weak, and the market demand is general. The main buyers are just in need, and the prices of refineries in Shandong are stable. As of September 19, the price of solid sulfur in refineries in Shandong Province was between 1120-1290 yuan / ton, and the mainstream price of liquid sulfur was between 1050-1150 yuan / ton.

The downstream sulfuric acid market continued to decline, and the price fell sharply in the week. As of August 19, the average price of domestic sulfuric acid was 394 yuan / ton, a decrease of 13.60% compared with the price of 456 yuan / ton at the end of last week. The domestic sulfuric acid market is dominated by weak operation. The market supply is sufficient, the downstream demand is weak, the on-site supply is strong and the demand is weak, and the enterprise’s shipment is blocked. In order to relieve the inventory pressure, the market trading center is constantly moving downward.

The downstream phosphate fertilizer market is in a weak operation. The fertilizer use in the downstream of ammonium monohydrate in autumn is slow, the shipment is poor, the demand for raw materials is limited, and the mentality in the field is weak. The downstream demand of diammonium continues to be cautious and wait-and-see. The on-site trading atmosphere is cold, the manufacturer’s shipment situation is general, the inventory pressure is large, and the market situation is weak. The overall demand of the ammonium phosphate Market has not improved, the downstream follow-up is limited, the contradiction between supply and demand in the field continues, and the ammonium phosphate Market is in a weak position.

According to the sulfur analysts of business club, the downstream market of domestic sulfur is weak, the demand support is insufficient, the shipment of manufacturers is not good, a small number of transactions are just to be followed up, and the contradiction between supply and demand in the market is obvious. It is expected that the short-term sulfur market will wait and see the consolidation and operation, and the price will be temporarily stable. Specific attention will be paid to the market follow-up.

According to the data of the trade agency’s bulk list, as of August 19, 2022, the domestic market price of diethylene glycol is reference to 4830 yuan / ton. Compared with August 15, 2022 (the reference price of diethylene glycol is 5110 yuan / ton), the price is reduced by 280 yuan / ton, a decrease of 5.48%.

It can be seen from the data monitoring of business community that this week (8.15-8.19), the overall market of diethylene glycol showed a weak decline. At the beginning of the week, the market price of diethylene glycol did not change much, and the overall situation was weak. In the middle of the week, under the double pressure of supply side increment and weak downstream demand, the diethylene glycol market was under pressure from the 17th, and the market was weak and difficult to change. The center of gravity was all the way down, and the difference between high and low prices in the market was widened. As of August 19, the market price of diethylene glycol was around 4590-5100 yuan / ton, with a decrease of more than 5% in the week. At present, the trading atmosphere of diethylene glycol on the market is general, the confidence of the industry is frustrated, and the negative mood on the market is strong.

At present, the demand side of diethylene glycol is generally supported, and whether it can usher in phased stock after the price reaches the low point is also the key to the dominant market trend. The diglycol data analyst of the business society believes that in the short term, the market of diethylene glycol is mainly weak and consolidation operation, and more attention should be paid to the trend of international crude oil and the changes in the supply and demand side.

1、 Price trend

According to the monitoring data of business agency, the average factory price of domestic ammonium sulfate on August 12 was 1123 yuan / ton, and the average factory price of domestic ammonium sulfate on August 18 was 1186 yuan / ton. This week, the price of ammonium sulfate increased by 5.64%.

2、 Market analysis

The ammonium sulfate market rebounded and rose this week. At present, the market demand for ammonium sulfate is supported to a certain extent, and the low level begins to make up for the rise. The supply of ammonium sulfate in the site is sufficient, and the downstream is mainly purchased on demand, with a general transaction. The urea market rose steadily this week, which was favorable to the ammonium sulfate Market. The short-term ammonium sulfate Market is mainly operated in a fluctuating range. As of August 18, the main factory price of coking grade ammonium sulfate in Shandong is about 1100 yuan / ton, and the main factory price of ammonium sulfate in Hebei is about 1100 yuan / ton. Domestic ammonium sulfate, the mainstream factory price in Shandong Province is 1200-1240 yuan / ton.

This week, the downstream compound fertilizer market is weak, the commencement is still at a low level, and the demand for ammonium sulfate is weak. Although the raw material urea of compound fertilizer increased slightly this week, there is limited room for increase. Most of the compound fertilizer enterprises suspended the quotation, and the market is still weak in the short term.

3、 Future forecast

According to the ammonium sulfate analysts of the business association, although the ammonium sulfate Market has stopped falling and rebounded, the rising resistance is large. The terminal demand is still weak, and the on-site supply is large. The industry is mostly cautious and wait-and-see. It is expected that the ammonium sulfate Market will fluctuate slightly in the short term.

On August 17, the domestic butyl acetate Market was stable, and the price was little changed compared with yesterday. Since the beginning of this week, large factories have made sporadic downward adjustments, with a total reduction of about 100 yuan. On the raw material side, the prices of acetic acid and n-butanol remained weak, and the cost was negative. The demand for butyl ester is low, and the downstream just needs to get the goods. It is suggested to pay attention to the price trend of raw materials acetic acid and n-butanol. At present, the mainstream quotation in the market is in the range of 7700-8000 yuan / ton.