According to the data of business agency, the weekly average price of industrial grade purified water formic acid in China this week is 2300 yuan / ton. The formic acid market is generally stable this week, with little market price fluctuation.

2、 Market analysis

Product: the domestic industrial grade purified water 85% formic acid market is relatively stable this week, and the overall price maintains the early stage. In terms of equipment: the manufacturer’s equipment is basically in normal operation, and the dealers report that the supply of goods in the market is a little tight and the inventory is insufficient. In terms of price: this week, the company’s quotation basically remained stable. The main factory price of formic acid was about 2300 yuan / ton, and that of main dealers was about 2520 yuan / ton. Local freight is smooth. Before that, a small number of manufacturers raised their prices due to freight and device problems. This week, they all returned the original prices. As of Friday (April 17), Zhangzhou San’an Chemical Co., Ltd. has quoted 2000 yuan / ton; Zibo Pulis Chemical Co., Ltd. 1850 yuan / ton; Jinzhou jinhongda Chemical Co., Ltd. 2150 yuan / ton; Hangzhou Fengchang Trade Co., Ltd. 85% formic acid net water price including tax is 2900 yuan / ton.

Industrial chain: the market of liquid ammonia, the upstream product of formic acid, has been in stable operation. Recently, the urea market has been stable, and some manufacturers have increased slightly. The supply of liquid ammonia is in order, and the overall supply is equal to that at the beginning of the month. Domestic caustic soda mainly maintains weak operation. The upstream caustic soda products generally support the formic acid market, while the downstream products, leather and pesticide industry, have a general demand.

3、 Future forecast

According to the formic acid data division of business association, at present, the domestic industrial grade 85% formic acid market is relatively stable, enterprises generally maintain stability and wait-and-see, the downstream demand is general, the market favorable factors are insufficient, and the domestic industrial grade 85% formic acid market is expected to maintain stability in the short term.

1、 Price trend

Skyrocketing and plummeting are just like the positive and negative sides of a product. Just in the long drought, polypropylene, which has skyrocketed across Gansu Province, fell again. According to the data monitored by the business agency, the domestic PP (brushed) market fell sharply on April 17 (Friday), and the spot price fell by thousands. As of this evening, the main offer price of T30S for domestic producers and traders is about 8033.33 yuan / ton on average, with a one-day drop of 7.66%. On the contrary, the market price of PP (fiber) is stable in all directions, and even some manufacturers raise the price of fiber products. If the sharp rise at the beginning of this week is the madness of the market, the callback of today’s wire drawing material is a signal that the market returns to rationality.

2、 Cause analysis

Polypropylene has ended its three-month decline since the 6th of this month, with a sharp rise across the line. The spot price of domestic polypropylene market has skyrocketed, and polypropylene is a rare commodity for a while. Polypropylene, as an important material of social health prevention and control materials, enjoys high brightness. At the same time, there are some small workshops that use polypropylene fiber materials to produce masks that do not meet the standards, and the investment market blindly pursues polypropylene in order to take a share of this big increase, which results in a big increase in all polypropylene materials. According to the data monitored by the business association, the highest average price of PP (drawing) in the near future is about 8700.00 yuan / ton, with the largest increase of 32.82% higher than the average price at the beginning of the month. However, with the vigorous rectification of the manufacturers of inferior masks by the relevant departments in Yangzhong and other regions of Jiangsu Province, and the popularization of polypropylene materials for masks in the industry, the polypropylene market is now gradually returning to rationality.

On the upstream side, peripheral news said that after oil producing countries such as Saudi Arabia and Russia issued production reduction agreements, crude oil did not rise but fell, with WTI and Brent both falling significantly. Industry reaction that its production reduction may be less than the global market demand recession expectation, which has a negative impact on PP direct upstream propylene. On Monday, the market may need to digest the sharp rise in the weekend. On the 13th, the price remained unchanged. On the 14th, the price of most enterprises dropped by 1000 yuan / ton, and some of them recovered to the price before the sharp rise. On the 15th, the price dropped by 500-1000 yuan / ton. On the 16th, the price continued to drop by 200 yuan / ton. Today, the price still dropped by 400 yuan / ton. Now, the market transaction is between 5900-6500 yuan / ton The mainstream price is about 5900 yuan / ton.

PP (fiber), as the secondary main force of prevention and control materials, has not been explored with PP (drawing) today. The factory price of large factories is stable temporarily, and the current demand is acceptable. This may prove that the new entrants tend to be professional and reduce the blind purchase and sale of varieties. The atmosphere of speculation in the market is getting weaker and gradually returning to the general law of supply and demand prices.

3、 Future forecast

PP analysts of the business club think: on April 17, the domestic PP (brushed) spot market market was sharply revised back and returned to rationality. The upstream propylene price also retreated to about 5900 yuan / ton, and the support for PP cost side returned to the normal supply and demand law. The return rate of downstream factories needs to be further improved. In terms of demand, the order follow-up is average. PP (fiber) has not been affected at present, and the price is temporarily stable.

On April 15, the hydrofluoric acid commodity index was 96.10, down 0.45 points from yesterday, down 31.57% from 140.43 (2018-02-21), the highest point in the cycle, and up 79.32% from 53.59, the lowest point on November 30, 2016. (Note: cycle refers to 2011-09-01 to now).

According to statistics, the price trend of domestic hydrofluoric acid market has fallen. Up to now, the price of domestic hydrofluoric acid market is 10590 yuan / ton, and the operation rate of domestic hydrofluoric acid is more than 60%. Enterprises report that the current spot supply of hydrofluoric acid in the site is sufficient. Due to the impact of public health events, the downstream demand is reduced, and the recent market of hydrofluoric acid in the site is poor. Due to the poor downstream demand, the market price of hydrofluoric acid is low Grid trend down. At present, the mainstream of hydrofluoric acid negotiation in the south is 9000-10500 yuan / ton, and the price of hydrofluoric acid in the north market is 9500-11000 yuan / ton. The price trend of domestic hydrofluoric acid market has declined, and the supply of spot goods is sufficient, but the demand situation has not improved significantly, and the price trend of hydrofluoric acid has declined.

The price of upstream fluorite market is lower. Recently, fluorite manufacturers have started to increase. Fluorite supply is sufficient, and fluorite price has gradually declined. As of the 16th, the price of fluorite is 2961.11 yuan / ton. The decline of upstream raw material price has a certain negative impact on hydrofluoric acid market, and the price trend of hydrofluoric acid market is down due to the decline of raw material fluorite price. In recent years, the sales of automobile industry has been in a downturn, the market trend of refrigerant downstream of the terminal is poor, the demand for refrigerant has been declining, the domestic R22 supply is sufficient, the domestic market price trend of refrigerant R22 has fallen, the starting load of the manufacturer’s production device is still not high, the supply of goods in the market is normal, the downstream air-conditioning manufacturer stops more, and the demand changes little, in addition to foreign public health affairs The main price of domestic large enterprises is 16000-18000 yuan / ton. The price trend of domestic R134a market has declined, and the unit operating rate of production enterprises has remained at a low level. At present, the downstream operation is not high, and the demand for R134a is cold. In the near future, the procurement of downstream industry is not active, and the price drops slightly. The downstream demand is poor, and the price trend of hydrofluoric acid market continues to decline.

In addition to the recent impact on the export volume, the demand for upstream hydrofluoric acid market has declined. However, with the sufficient supply of fluorite and the poor demand for downstream, Chen Ling, an analyst with the business agency, believes that the market price of hydrofluoric acid may be slightly lower.

1、 Melamine price trend:

(Figure: P value curve of melamine product)

2、 Market analysis:

Product: according to the data of the bulk list of the business agency, the melamine market has been under a narrow pressure recently. At present, the operating rate of melamine is less than 60%, but the downstream demand is weak, the enterprise’s shipment is blocked, the inventory is increased, the contradiction between market supply and demand is prominent, and the focus of negotiation is loose. As of April 14, the average price of melamine enterprises was 5133.33 yuan / ton, down 1.28% compared with April 13 and 3.75% compared with April 1. At present, the mainstream price of melamine market in Xinjiang is around 4600 yuan / ton; the mainstream price of melamine market in Sichuan is around 4800 yuan / ton; the mainstream price of melamine market in Henan is around 4800 yuan / ton. The main quotation of melamine market in Shandong is around 4900 yuan / ton. On the 14th, the mainstream price of melamine market in China was around 4600-5400 yuan / ton.

On April 14, the melamine commodity index was 55.20, down 0.71 points from yesterday, a record low in the cycle, down 44.80% from the peak of 100.00 on September 18, 2011. (Note: cycle refers to 2011-09-01 to now)

Industrial chain: on April 14, the main factory price of small particle urea in Shandong Province was temporarily stable: Ruixing Chemical Co., Ltd. offered 1700 yuan / ton, which was temporarily stable; Mingshui Chemical Co., Ltd. offered 1750 yuan / ton, which was temporarily stable; Yangmei plain offered 1700 yuan / ton, which was temporarily stable. As a whole, the ex factory price of urea in Shandong Province is slightly higher today, and the actual transaction price is subject to negotiation. The enthusiasm of the downstream receiving is weak, and the price of urea is expected to fluctuate slightly in the future.

Industry: according to the price monitoring of business agency, on April 14, 2020, there are 23 kinds of commodities in the list of rise and fall of bulk commodity prices in the chemical sector, including 6 kinds of commodities with an increase of more than 5%, accounting for 6.9% of the number of commodities monitored in the sector; the top 3 commodities with an increase are acrylic acid (16.93%), ox (10.53%) and propane (10.43%). There are 11 kinds of commodities decreased on a month on month basis, and 1 kind of commodities decreased by more than 5%, accounting for 1.1% of the number of commodities monitored in this sector; the top three products decreased were propylene (- 23.48%), sulfur (- 4.26%) and cyclohexanone (- 2.41%). The average price of this day is 0.7%.

3、 Future forecast:

According to melamine analysts of the business association, the downstream demand is weak, and the short-term market lacks strong positive factors. It is expected that the melamine market will be dominated by weak operation in the short term.

1、 Price trend

According to commodity data monitoring, the price of Yungui yellow phosphorus fell this week. The average price of yellow phosphorus at the beginning of the week was 16400 yuan / ton, and the average price at the end of the week was 16300 yuan / ton, with a slight drop of 0.61% in the week.

2、 Market analysis

Product: yellow phosphorus market price fell this week. At present, the operating rate of yellow phosphorus market has slightly increased, and some enterprises in Guizhou have resumed production. The price of yellow phosphorus is slowly declining. At present, the main quotation of yellow phosphorus in Yunnan is about 16100 yuan / ton. The quotation in Guizhou is about 16000 yuan / ton. The quotation in Sichuan is about 16800 yuan / ton. The overall market performance is poor, the downstream procurement is more cautious, and the traders mainly wait and see.

Industrial chain: upstream, the overall stable operation of phosphorus ore market is the main. At present, the enterprises in Guizhou area of phosphate rock are resuming production one after another, and the on-site supply is becoming more and more stable. At present, the market is still dominated by the digestion of inventory, and the price is still stable. Currently, 30% of the ammonium phosphate ore car plate in Guizhou Province is quoted at 330-360 yuan / ton, and the actual transaction reference is 330-340 yuan / ton. Panzhihua coke (secondary metallurgical coke) market price, the mainstream price in 1780 yuan / ton. In the downstream phosphoric acid market, the high-end price is generally lowered, and the transaction focus is shifted down. It is expected that the phosphoric acid market will be weak and stable in the short term. The operating rate of phosphate Market is not high, domestic and foreign orders have declined to varying degrees, and the high-end price of some phosphate products began to fall.

3、 Future forecast

According to the yellow phosphorus analyst of the chemical branch of business society, the yellow phosphorus market price fell this week, the overall market of yellow phosphorus was light, and the downstream demand was insufficient, so it was difficult to form a strong support for the market. It is expected that the weak operation of yellow phosphorus price will be the main factor.

1、 Price trend

According to the sample data monitored by the business agency, as of April 10, the average price of domestic BDO market was 9600 yuan / ton, with a 1.64% month on month drop in price and a 5.91% year-on-year increase.

2、 Market analysis

Product: this week, the domestic BDO market fluctuated in a narrow range. The main factory continued to reduce the quotation measures, the factory construction remained at a low level, and the market supply had a further reduction trend, but the effect was even from the market reaction. The form of foreign public health events is still severe, the domestic supply is further increased under the obstruction of export channels, while the downstream factories are also facing negative difficulties, and short-term demand is difficult to effectively boost. The imbalance between supply and demand is becoming more and more serious, which makes it difficult for the market to improve.

In terms of devices, this week, the 100000 t / a device of Shaanxi chemical industry phase II was shut down on March 27 and restarted in early April. Two 50000 T / a BDO units in Kaixiang, Henan Province were shut down on March 16, and a line was restarted in early April. Two sets of 50000 T / a BDO units of Henan Heci were shut down on March 28, which is expected to last for one month. This week, the start-up rate of alkynaldehyde process unit in BDO plant was 35.2%. Shaanxi chemical plant was restarted, and Tianxiang restarted a line. The start-up rate was 4.4% higher than last week

Industrial chain: in terms of raw materials, methanol, this week, the focus of China’s methanol market is higher. Before last week’s holiday, traders in some regions were able to buy gas under the bottom reading operation. The overall shipment in the northwest region was relatively considerable. At present, the inventory pressure is not large, and some devices are stopped or reduced. Most of the operators have a strong mentality and the price focus at the beginning of the week is obviously higher. And the low price in the early stage is maintained, and the seller’s profit is obviously compressed. At present, with the gradual release of spring inspection information of some devices in some regions, the downstream demand also has a certain recovery expectation. The basic expectation is good for the support industry mentality, and most regions in the mainland follow-up.

Calcium carbide: this week, the domestic calcium carbide market was affected by the decline of PVC manufacturers, and the price dropped significantly. At present, the inventory of production enterprises in Northwest China is under pressure, and the market trading atmosphere is light. In order to promote shipment, the production enterprises reduce the ex factory price. At present, the ex factory price in Wuhai is 2250-2300 yuan / ton, and there is still a trend of further exploration. Influenced by the cost pressure, calcium carbide enterprises have also kept down the purchase price of Lancan in the near future. It is understood that the price of Lancan intermediate materials in Shaanxi is 620 yuan / ton.

3、 Future forecast

The overall downstream construction is low, and the demand for raw materials is light. Under the situation of supply and demand imbalance, BDO analysts predict that the short-term domestic BDO market will maintain a weak operation and wait for the development of public health events.

1、 Melamine price trend:

(Figure: P value curve of melamine product)

2、 Market analysis:

Products: melamine market in the near future weak operation. The average price of melamine enterprises quoted on April 8 was 5200 yuan / ton, down 2.5% compared with that on April 1, according to the data in the bulk list of business agencies. On August 8, the mainstream price of melamine market in China was around 4600-5400 yuan / ton. At present, the mainstream price of melamine market in Xinjiang is around 4600 yuan / ton; the mainstream price of melamine market in Sichuan is around 4900 yuan / ton; the mainstream price of melamine market in Henan is around 4800 yuan / ton. The main quotation of melamine market in Shandong is around 5000 yuan / ton.

On April 8, the melamine commodity index was 55.91, the same as yesterday, a record low in the cycle, down 44.09% from the peak of 100.00 on September 18, 2011. (Note: cycle refers to 2011-09-01 to now)

Industrial chain: on April 8, the main factory price of small particle urea in Shandong Province was temporarily stable: Ruixing Chemical Co., Ltd. offered 1700 yuan / ton, which was temporarily stable; Mingshui Chemical Co., Ltd. offered 1740 yuan / ton, which was temporarily stable; Yangmei plain offered 1700 yuan / ton, which was temporarily stable. On the whole, the ex factory price of urea in Shandong was temporarily stable on August 8, and the actual transaction price was subject to negotiation.

Industry: according to the price monitoring of the business agency, there are 16 kinds of commodities in the rise and fall list of bulk commodity prices on April 8, 2020, including 1 kind of commodity with an increase of more than 5%, accounting for 1.1% of the number of commodities monitored in the plate; the top three commodities are acetone (9.87%), bisphenol A (3.60%) and phthalic anhydride (3.19%). There are 14 kinds of commodities falling on a month on month basis, with 3 kinds of commodities falling by more than 5%, accounting for 3.4% of the number of commodities monitored in the sector; the top 3 products falling are hydrochloric acid (- 32.89%), ethylene (- 6.96%) and butadiene (- 6.32%). The average price of this day was – 0.27%.

3、 Future forecast:

Melamine analysts believe that the recent upstream urea market is mainly stable, with limited impact on melamine. At present, the supply of melamine market is sufficient, but the demand side is low, the contradiction between supply and demand is sharp, and the focus of market negotiation is weak under the pressure of sales. It is expected that in the short term, the melamine market will be dominated by weak operation, and more attention should be paid to the change of raw material price and the transaction situation in the mainstream market.

1、 Price trend

According to the price monitoring of the business agency, the domestic aggregate MDI market was weak and volatile this week. At the beginning of the week, the average price of the domestic aggregate MDI market was 11875 yuan / ton, while at the end of the week, the average price of the domestic aggregate MDI market was 11350 yuan / ton, with a decrease of 4.42% in the week. The price was 10.98% lower than that of the same period last month and 37.29% lower than that of the same period last year.

2、 Market analysis

Product: this week, the price of aggregate MDI market was weak and fluctuated, and the negotiation fell slightly. In this week’s market, the overall atmosphere is sluggish. Agents are in the early stage of the month, shipping is a little cautious. Middlemen are pessimistic in the future. They are actively bagging for safety. The low-end prices are constantly refreshing. In the middle of the week, the rate of decline is accelerating. The weekly guidance prices of both costron and Ryanair factories are 11300 yuan / ton, and the industry is a little pessimistic. Huntsman and BASF Shanghai are understood to have maintenance plans by the end of April; one production line of Wanhua Ningbo plant is also temporarily shut down, and the supplier has been cheering up news about the coming weekend. Market low price news, but some industry still find it difficult to boost demand, prices still have room to fall.

Industry chain: raw materials, pure benzene: the price of pure benzene fell sharply this week. Affected by the decline of crude oil and external market, the price of East China market fell sharply. At present, the arbitrage window between the United States and South Korea is closed, and the Chinese market has become the preferred arbitrage target for us dollar supply; the price advantage of imported goods compared with domestic contract goods also makes domestic downstream users tend to increase import volume and reduce contract volume. Therefore, negotiations on import sources were more active in the week.

Aniline: in the week, the domestic aniline market fell rapidly. At the beginning of the week, due to the low inventory of enterprises, the price of Shandong aniline Market remained stable. The price of the East China market was depressed by the impact of MDI enterprise contracts. As Sinopec’s listing of pure benzene continues to decrease, the price difference between raw material pure benzene and aniline widens, and the profit of aniline increases, and downstream plants are in conflict with high price aniline. In addition, Huatai and Jinling Dongying units are in normal operation, market supply is increasing, Jinling prices are falling, and other factories follow suit.

3、 Future forecast

Business Club view: under the supply-demand game, business club aggregation MDI analysts predict that the weak market of short-term domestic aggregation MDI will mainly wait and see the transaction situation.

1、 Trend analysis

According to the nickel price monitoring of the business agency, the spot nickel price fluctuated narrowly this week, with a weekend quotation of 93866.67 yuan / ton, up 0.64% from 93266.67 yuan / ton at the beginning of the week, down 9.13% year on year.

2、 Market analysis

The main nickel market in Shanghai opened at 92900 at the beginning of this week, after which the low price rebounded and closed at 92640 on Friday, down 0.86% in the week. Lennie closed at $11290 at Friday’s closing, down 1.14% on a weekly basis.

This week’s nickel deal was flat, Jinchuan Nickel up discount was stable, Russia nickel flat water quotation, downstream receiving limited, cautious slightly. As of the end of the week, domestic spot nickel prices rose, and some businesses continued to stock up a small amount of goods before the festival, and the transaction heat fell. At present, affected by the foreign epidemic, traders are worried about export orders in the next two months. Downstream stainless steel stocks are still high. In terms of supply, at present, the supply of Philippines is at the annual low level, and the import of nickel ore is tight.

3、 Future prospects

Future forecast: Indonesia nickel miner association suggested the government relax nickel ore export, the impact of oversupply will reduce price expectations. In addition, due to the impact of public health events, the demand expectation is weakened, and the short-term low nickel price is expected to fluctuate.

1、 Price trend

According to the monitoring data of the business association, as of March 31, the average market price of organosilicon DMC in several mainstream areas monitored by the data was around 15200 yuan / ton, down by about 2860 yuan / ton compared with the average market price of 18066 yuan / ton in the middle of the month (March 15), down by nearly 15.87%; down by 3800 yuan / ton compared with the average market price of 19000 yuan / ton in the beginning of the month (March 1) About 20%.

2、 Market analysis

Products: in the whole March, the market of domestic organosilicon DMC fell seriously. Since the beginning of the month, it is difficult for the factory to withstand the inventory pressure. At the same time, some factories with large inventory took the lead in reducing the market quotation of organosilicon DMC, with the maximum reduction of 1000 yuan / ton. Most factories actively responded to the situation of oversupply of market by reducing the negative operation and controlling the operating rate. This round of adjustment However, the overall trading atmosphere of the market is still affected. The purchasing sentiment of downstream enterprises is more cautious and the wait-and-see attitude is strong. The quotations of some dealers have dropped about 300-500 yuan / ton. After another week’s small fluctuation and decline, the market’s price stability mentality basically disintegrated, and the manufacturers have begun to show a low-cost bidding mode. Most of the manufacturers lowered the quotation of organosilicon DMC again. On March 16, the reference average price of data monitoring DMC market was around 18066 yuan / ton, and the price of some low-end offers was 17000 yuan / ton. At the end of the month, due to the aggravation of international public events, the export of organosilicon DMC was also limited, and the market offer was sharply lowered again, with a reduction of about 500-1000 yuan / ton. On March 23, the reference average price of data monitoring DMC market had dropped to near 15700 yuan / ton, and some low-end offers had fallen below 15000 yuan / ton. However, the downward trend of the market has not stopped. On the 30th, some quotations of organosilicon DMC market continued to loosen. The market reference average price has dropped to around 15200 yuan / ton, and some low-end quotations have reached around 14500 yuan / ton. At present, the market price has fallen to the cost price. This whole month’s sharp decline, the inventory of single plant can be digested and eased, and the market will gradually stop falling and stabilize operation.

Industry chain: upstream metal silicon Market: in domestic aspect, the market inventory is low, the silicon plant in Xinjiang area reduced production in February to March, and started at a low level, with a slight decline in monthly output on a month on month basis; the operating rates in Yunnan and Sichuan are not high, although the number of furnaces opened in Nujiang in Yunnan increased slightly on a month on month basis, but in the late March; some small-scale manufacturers in Fujian and Hunan area resumed production, with small capacity. Overall, the domestic operating rate in March was about 30%, 0.3 percentage points lower than the previous month. It is reported that the current social inventory decreased nearly 30% year on year.

3、 Future forecast

Analysts of business club believe that the market of organosilicon DMC has fallen to the bottom. After inventory removal, the manufacturer’s heart of price increase has been expressed. It is expected that the market of organosilicon DMC will rise steadily in April.