Price trend of domestic sodium pyrosulfite

According to the monitoring of business community, the price of domestic sodium pyrosulfite continued to be weak this week. The average price of industrial sodium pyrosulfite at the beginning of the week was 3200.00 yuan / ton, and the average price at the weekend was 3100.00 yuan / ton, down 3.12% during the week.

The domestic industrial sodium pyrosulfite market performed generally this week. In order to stimulate some enterprises to reduce the factory price of sodium pyrosulfite slightly, the domestic market price of sodium pyrosulfite continued to operate weakly this week. The price range of industrial sodium pyrosulfite was 2900-3300 yuan / ton, and most prices were concentrated around 3000 yuan / ton. The inventory of the enterprise is about 30%, mainly to complete the orders of old customers. (the above prices refer to the external quotations of domestic mainstream enterprises, and some unreported enterprises are temporarily excluded from their scope. The prices are for reference only, and have nothing to do with the final pricing of the manufacturer. Please contact the manufacturers for details).

In the first half of July, the price of domestic soda ash fell slightly by 1.03%, the price of sulfur fell sharply by 50.69%, and the price of raw materials fell sharply, which will further suppress the domestic sodium pyrosulfite market price in the future.

Aftermarket forecast

Business analysts believe that the cost continues to be weak, and the wait-and-see attitude of the downstream increases. In the short term, the domestic sodium pyrosulfite market price will continue to operate under overall pressure.

According to the data monitored by the business club, as of July 19, the average quotation price of domestic premium DMF enterprises was 11250.00 yuan / ton, and the DMF price rose slightly, slightly higher than that at the beginning of the week. It is expected that the DMF market will be stable in the short term.

As of July 19, the domestic DMF price has been running smoothly. At present, the mainstream price range is 11000-12000 yuan / ton. The transaction atmosphere is acceptable, the negotiation atmosphere is positive, the manufacturer’s shipment is smooth, the downstream is mainly rigid, and the logistics is smooth.

Upstream methanol: the domestic methanol market was in a downturn, and the decline slowed down. The receiving price in northern Shandong, the main end market, is down synchronously, and the inventory of raw materials in local downstream factories is high, causing serious vehicle crushing.

Chemical commodity index: on July 18, the chemical index was 1040 points, down 5 points from yesterday, down 25.71% from the highest point of 1400 points in the cycle (2021-10-23), and up 73.91% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to 2011-12-01 to now)

DMF analysts of business agency believe that in the short term, the DMF market will mainly operate smoothly, and the price is about 11000 yuan / ton. (if you want to know more about the latest market trends of the industrial chain, please pay attention to the official account of the business club to obtain commodity information and master commodity prices).

1、 Price data

According to the bulk list data of business agency, the price of petroleum coke from local refiners continued to decline this week. On July 17, the average market price in Shandong was 4277.50 yuan / ton, down 4.16% from 4463.25 yuan / ton on July 11.

On July 17, the commodity index of petroleum coke was 332.70, unchanged from yesterday, down 18.60% from the highest point 408.70 in the cycle (2022-05-11), and up 397.38% from the lowest point 66.89 on March 28, 2016. (Note: cycle refers to 2012-09-30 to now)

2、 Analysis of influencing factors

This week, the price of petroleum coke in refineries continued to fall, the refinery shipment was under pressure, the inventory was high, the transaction was light, and the downstream procurement was mainly on demand.

Upstream: the international crude oil price fell, and the market was mainly affected by the strengthening of the US dollar. The expectation of the Federal Reserve to raise interest rates increased the risk of economic recession; Superimposed on the repeated outbreaks in Asia, the possible blockade measures will suppress demand.

Downstream: Calcined coke prices fell slightly this week; The market price of metallic silicon is rising; The price of downstream electrolytic aluminum continued to decline, and as of July 17, the price was 17436.67 yuan / ton.

Analysts of petroleum coke of business agency believe that: international crude oil fell this week, and the cost support of petroleum coke is limited; The inventory of local refining enterprises is high, the shipment of petroleum coke is under pressure, and the downstream carbon enterprises mainly purchase on demand. It is expected that the price of locally refined petroleum coke may decline slightly in the near future.

Ethylene oxide fell during the week, with a general adjustment of 500 yuan / ton. At present, the mainstream price in the market is 7050 yuan / ton, and the ex factory price in Central China is 7150 yuan / ton.

Upstream, international oil prices fell during the week because investors were concerned about the prospect of a substantial interest rate hike in the United States later this month, which would curb inflation and weaken crude oil demand. The spot valuation of light distillate oil in Asia continued to fall, following the decline of international crude oil futures. The spot valuation of naphtha fell to $79.99/barrel, and the spot price difference rose to +1.99/barrel. Up to now, the outer disc price of ethylene in Northeast Asia is $880 / ton, down $10 / ton from the price of the previous trading day; The external price of ethylene in Southeast Asia is 1030 US dollars / ton, Luxi Chemical ethylene is quoted at 7350 yuan / ton today, and Jinshan Lianmao ethylene is quoted at 7500 yuan / ton today, which is flat compared with the previous trading day. Measured by the current external price, ethylene oxide is close to the cost line. As of the close of July 8, the spot price difference between Northeast Asia ethylene and CFR Japanese naphtha was $112.5 / ton, and the ethylene cracking plant using naphtha as raw material continues to suffer losses.

The fluctuation of ethylene oxide supply side is limited. Due to the drag of demand side, the operating load remains low, and the ethylene glycol market has not improved. At present, the co production unit is mainly EO, which is difficult to adjust the ethylene oxide supply side.

Downstream monomer manufacturers have been waiting for the trend of ethylene oxide for a long time, and the price has been lowered again. The progress of infrastructure construction has been hampered by extreme weather, the performance of cement water reducer is poor, and the market has fallen during the week. Terminal enterprises mainly follow up with rigid needs, and the support of demand side is weak.

Forecast: after digesting the decline, the ethylene market is expected to bottom, and ethylene oxide will fluctuate around the cost line, with limited room for decline.

From July 1 to July 8, 2022, the production price of coal tar in Shanxi decreased. The price was 5387.5 yuan / ton last weekend and 5335 yuan / ton this weekend, down 0.97%.

Summary of coal tar prices in Shanxi on July 7 (unit: yuan / ton)

Region, Market price, Bidding price compared with last week

Linfen, 5340.,-30

Changzhi, 5350.,-50

Yuncheng, 5370.,-70

This week, the bidding price of coal tar in Shanxi was mainly downward. The price of coal tar in Shanxi was concentrated at 5340-5370 yuan / ton, which was slightly reduced by 30-70 yuan / ton compared with the bidding price last week. This week, there were more high auction prices in Shanxi, which also indirectly affected the downward price in Northwest China.

The coal tar market rose and fell this week. The bidding price in Shanxi fell and led to weakness in the Western Northwest region. The bidding price in other regions increased slightly this week, and some regions remained stable temporarily. In terms of supply, coking enterprises generally lost money after the second round of lifting and lowering, and enterprises took the initiative to reduce production, resulting in a general tight supply of domestic tar, strong price support mentality of enterprises, and subsequent coking enterprises have plans to further reduce the operating rate. Therefore, under the expectation of tight supply, the price of coking oil generally rose. The bidding price in Shandong this week is 5500 yuan / ton, 5400 yuan / ton in Hebei and 5300-5360 yuan / ton in Shanxi.

The performance of downstream deep processing enterprises continues to be depressed, the market is weak in the off-season, and the resistance to high price tar is strong. With the lower profits, the operating rate of the downstream deep processing industry has declined to a certain extent. In the future, the business community believes that the current downstream weakness has limited boost to the tar market, and the coke oil market is tight with supply, but there is a certain room for price correction in the case of a slight reduction in downstream demand.

According to the data monitored by the business agency, the domestic carbon black quotation was 9875 yuan / ton on July 13.

On the cost side, the price of coal tar continues to rise, the market supply of high-temperature coal tar on the raw material side is still tight, and the cost of carbon black enterprises continues to rise. On the demand side, the downstream tires of the domestic carbon black market operate at low load, and the tires continue to be weak in the domestic demand market. As the country recovers the economy, stimulates automobile consumption, ensures logistics and a series of macro-control policies have been implemented in succession, market players generally expect better in the future.

On the whole, at present, the enthusiasm of domestic carbon black enterprises to start construction has declined significantly. Affected by cost support and production reduction of some enterprises, carbon black prices are relatively strong.

On July 12, the price trend of domestic fluorite was temporarily stable. The average price of domestic fluorite was 2688.89 yuan / ton. The trading and trading of fluorite in the field was general. The mine was generally started under the influence of environmental protection supervision. The price of fluorite raw ore remained high, and the flotation cost of the concentrator was still supported. However, the downstream hydrofluoric acid market declined. Recently, the commencement of fluorite units in the North was relatively normal, and the supply in the field was slightly tight, so the price trend of fluorite in the field was temporarily stable. The mainstream price of fluorite negotiation in the venue is stable. The delivery price of 97 fluorite wet powder in Inner Mongolia is 2550-2650 yuan / ton, the mainstream price of 97 fluorite wet powder in Fujian is 2700-2750 yuan / ton, the price of 97 fluorite wet powder in Henan is 2650-2750 yuan / ton, and the price of 97 fluorite wet powder in Jiangxi is 2650-2750 yuan / ton. The market trend of downstream refrigerant is low. The venue reflects that the supply of fluorite is relatively tight, and the domestic fluorite price is expected to be stable.

1、 Price summary on July 8:

Shijiazhuang refining and chemical company quoted 8400 yuan / ton, Qilu Petrochemical Company quoted 8450 yuan / ton,

Yangba offers 8700 yuan / ton,

Guangzhou Petrochemical quoted 8700 yuan / ton, Maoming Petrochemical quoted 8650 yuan / ton,

Changling Refining and Chemical Co., Ltd. offers 8700 yuan / ton,

2、 Fluctuation trend:

3、 Analysis and comments:

In terms of crude oil, although the risk of global economic recession is still on, the demand for fuel oil is strong, and the market focus returns to the fundamentals of supply shortage.

Crude oil rose last Friday, while toluene market sentiment rose slightly. However, restricted by poor domestic demand, toluene is in a weak position.

Price trend of domestic sodium pyrosulfite

According to the monitoring of business agency, the price of domestic sodium pyrosulfite continued to rise this week. The average price of industrial sodium pyrosulfite at the beginning of the week was 3350.00 yuan / ton, and the average price at the weekend was 3200.00 yuan / ton, a decrease of 4.48% as a whole.

Affected by the slight decline in raw material prices, in July, some sodium pyrosulfite manufacturers reduced their factory prices slightly, driving the overall weak operation of domestic sodium pyrosulfite market prices. This week, the domestic industrial sodium pyrosulfite market price range is 3000-3300 yuan / ton, and most prices are concentrated around 3000-3200 yuan / ton. The inventory of the enterprise is about 30%, mainly to complete the orders of old customers. (the above prices refer to the external quotations of domestic mainstream enterprises, and some unreported enterprises are temporarily excluded from their scope. The prices are for reference only, and have nothing to do with the final pricing of the manufacturer. Please contact the manufacturers for details).

As of July 8, the price of domestic soda ash has decreased slightly by 0.34%, and the price of sulfur has decreased by 12.12% in the month. The price of upstream raw materials has continued to be weak, the wait-and-see attitude of downstream trading entities has increased, and the overall pressure on the domestic sodium pyrosulfite Market price is weak.

Aftermarket forecast

Business analysts believe that the cost of raw materials fell slightly, the wait-and-see attitude of downstream trade entities increased, and the market price of sodium pyrosulfite will continue to be under pressure.

According to the monitoring data of the business agency, as of July 7, 2022, the average ex factory price of butanone in the domestic market was 10500 yuan / ton. Compared with June 30 (the ex factory price of butanone was 10100 yuan / ton), the average price increased by 400 yuan / ton, or 3.96%.

It can be seen from the data monitoring chart of the business agency that the domestic butanone market ushered in a rising market in early July. On the first two days of July, the domestic butanone market was dominated by stable consolidation and operation. On the fourth and fifth days, driven by the rise in international crude oil prices, the confidence of domestic butanone operators increased, and the quoted price of butanone increased steadily, with a cumulative increase of 200-500 yuan / ton within two days. Then, the market was relatively strong and operated steadily. The downstream demand continued to be dominated by rigid demand, the demand side was generally boosted, and the supply and demand side of butanone showed a stalemate. On the seventh day, The market price of butanone in some domestic regions has been reduced by 100 yuan / ton. At present, as of July 7, the domestic butanone participation price is around 10400-10600 yuan / ton. At present, the trading atmosphere on the floor is general, and the decline in the international crude oil price affects the mentality of the industry, so most transactions are negotiated.

In the upstream, in July, the overall price of domestic liquefied gas market was more strong, and the civil gas market in Shandong was higher, but the fluctuation range was relatively limited. Recently, the international crude oil price has fluctuated and risen, and the cost side has brought some support to the market. The downstream maintains the replenishment on demand, the market trading atmosphere is general, and there is no pressure on the production and sales of manufacturers in Shandong market. However, due to seasonal factors, the continued high temperature in some regions has not significantly improved the terminal demand, which has significantly restrained the market and limited the range of price fluctuations. According to the monitoring data of business agency, the average price of liquefied gas in Shandong civil market was 5890.00 yuan / ton on July 1 and 5910.00 yuan / ton on July 5, with an increase of 0.34% during the period

Future analysis of butanone

At present, the effective support in the butanone market is still insufficient, and the downstream mainly continues to purchase just in need. The butanone data analyst of the business society believes that in the short term, the domestic butanone market will mainly be sorted out and operated in multiple intervals, and more attention should be paid to the basic changes in the supply and demand side of butanone.