The latest p-value price of ethylene glycol on April 21 was 4975 yuan / ton, unchanged from the previous trading day. Year on year decrease of 4.02%.

The oil price of upstream crude oil rose on Thursday, the reduction of Libyan supply and the possible EU ban on Russian oil triggered market concerns. Domestic restrictions on manufacturing activities were slowly relaxed, and the demand outlook continued to affect the market. Brent crude oil is expected to remain in the range of $100 to $120, with stable cost support. The downstream polyester production and sales are still light as a whole, the polyester load is weak, and the demand side is not significantly good. The atmosphere of Meg’s external offer today is light, and the recent negotiation on shipping offer is estimated to be around us $650 / ton.

Forecast: wide range shock.

Trade name: formic acid

Latest price (April 20):9666.67 yuan / ton

On April 20, the market price of industrial grade 85% formic acid was stable, flat compared with the previous trading day, and increased by 95.95% compared with the price on March 20. At present, the main raw material methanol market fluctuates in a narrow range, with little impact on the change of cost, strong support from supply and demand, good orders in the export market, active market trading atmosphere and strong price focus.

It is expected that in the short term, the formic acid market may operate at a high level.

Latest price (April 19): 10580 yuan / ton

Key points of analysis: according to the data monitoring chart of business agency, on April 19, the market price of phosphoric acid was 10580 yuan / ton, unchanged from the previous day, with a year-on-year increase of 102.81%. At present, the price of raw material yellow phosphorus continues to rise, and the supply is tight. The low-end price of phosphoric acid is close to the high-end, and the market focus moves upward. However, due to the drag of demand, the price fluctuation is small, and the industry is bullish on the future market. At present, the price of yellow phosphorus as raw material is about 38000 yuan / ton, and the market price of phosphoric acid is about 10000-12000 yuan / ton.

It is expected that the focus of phosphoric acid market will move upward in the short term.

Trade name: titanium dioxide

Latest price April 18: 21100 yuan / ton

Key points of analysis: on April 18, the market price of titanium dioxide in China was relatively stable. At present, the trading situation in the domestic market is general, and downstream enterprises purchase on demand. The price of upstream sulfuric acid is high, coupled with the increase of transportation cost, titanium dioxide is under pressure in cost, and individual enterprises do not report the sealed order. Titanium dioxide manufacturers mostly focus on the delivery of early orders, and the actual transaction price is negotiated.

It is expected that the titanium dioxide market will operate stably in the short term.

1、 Price trend

According to the monitoring data of business agency, the average ex factory price of domestic ammonium sulfate was 1856 yuan / ton on April 11 and 1790 yuan / ton on April 15. The price of ammonium sulfate fell by 3.59% this week.

2、 Market analysis

The price of ammonium sulfate fell this week and the market trend was poor. The downstream demand is reduced, there is no good news in the field, and the transportation is blocked due to many causes of the epidemic. The supply of Hexian grade ammonium sulfate is relatively small, new orders are limited, and the price is reduced from a high level. The bidding price of coking grade ammonium sulfate fell and the transaction was not ideal. As of April 15, the factory quotation of coking grade ammonium sulfate and mainstream ammonium sulfate in Shandong is about 1650 yuan / ton. The mainstream factory quotation of ammonium sulfate in Hebei is about 1650 yuan / ton. Hexene grade ammonium sulfate, the factory quotation in Shandong is 1750-1850 yuan / ton.

This week, the downstream compound fertilizer was put into operation with high-level concussion. Due to the continuous high price of compound fertilizer raw materials, good cost support and strong market of compound fertilizer, most of them mainly execute early orders.

3、 Future forecast

The ammonium sulfate analyst of business society believes that at present, the trading atmosphere of ammonium sulfate on the floor is light, the demand is low, and the wait-and-see mentality on the floor is strong. It is expected that the price of ammonium sulfate will be stable and downward in the short term, and it is suggested to pay attention to the changes on the demand side.

Trade name: styrene butadiene rubber 1502

Latest price (April 14): 12583 yuan / ton

Key points of analysis: according to the monitoring of business society, the price of domestic styrene butadiene rubber was 12583 yuan / ton on Thursday, down 1.31% from the previous day. The ex factory prices of some SBR manufacturers were reduced, and the offers of traders were slightly adjusted. Since April, the price of raw material butadiene has fallen sharply, the price of styrene has increased slightly, and the cost support is slightly weaker than that in the early stage; The start-up of styrene butadiene rubber plant is lower than that in the early stage, but the overall supply is sufficient; The downstream construction started slowly and the support was slightly weak. According to the monitoring of business agency, the mainstream offer in the domestic styrene butadiene rubber market was around 12350 ~ 12800 yuan / ton on the 14th.

Future forecast: the supply side is loose and the downstream start-up demand is limited. It is expected that the price of styrene butadiene rubber will be weak and volatile in the later stage.

Trade name: lithium hydroxide

Latest price (April 13): 478666.66 yuan / ton

The lithium oxide market was 32.0% higher than that on April 13. At present, the price of upstream lithium carbonate is weak, which has little impact on lithium hydroxide for the time being. The wait-and-see mentality of operators is strengthened, the market supply side is increased, but the demand side is slowed down, the spot of mainstream large manufacturers is still tight, and the focus of market negotiation is temporarily stable.

It is expected that in the short term, the lithium hydroxide Market will mainly wait and see at a high level.

On April 12, the mainstream quotation range of 1# tin ingots in the domestic spot tin market was 343500-345000 yuan / ton, with an average price of 344250 yuan / ton, an increase of 250 yuan / ton compared with the previous trading day.

On the supply side, the market expects that with the improvement of the import side in April, the overall supply will improve to a certain extent after some Indonesian sources enter the market. On the demand side, the previously affected enterprises in Shenzhen have resumed production recently, but the downstream demand has not fully recovered due to various factors. Therefore, the market is mainly on the sidelines, and it is expected that the tin price will remain high and volatile in the future.

The latest p-value price of ethylene glycol on April 11 was 5100 yuan / ton, down 0.33% from the previous trading day and 4.08% year-on-year.

Oil prices continued to fall today, and cost support weakened. The domestic dynamic clearing policy and anti epidemic sealing and control measures will inevitably make people face large-scale and long-term sealing and control. It is expected that the demand is weak and the logistics is limited. The production cost of textile enterprises is under pressure, the comprehensive starting load of looms is declining, and the output of polyester factories is also reduced. As of April 11, the total inventory of ethylene glycol in the main port of East China was 1.057 million tons, an increase of 86500 tons, an increase of 8.91%, and 62500 tons, an increase of 6.28%, compared with last Thursday. The port continued to accumulate inventory.

Forecast: the bearish atmosphere is strong and remains low.

The domestic aggregate MDI market declined in a narrow range, mainly because the terminal demand is still weak, and some regions basically maintain the rigid demand for small orders. Traders offer scarce, more bearish outlook. The lower reaches saw the downturn of the market and increased the atmosphere of inquiry, but the transaction was rare.

According to the sample data monitored by the business agency, from April 2 to 8, the domestic aggregate MDI market price fell from 19316 yuan / ton to 19200 yuan / ton, with a weekly price decline of 0.60%, a month on month increase of 0.88% and a year-on-year decrease of 3.76%.

Summary of domestic aggregate MDI market as of April 8:

Region, Wanhua, Shanghai goods

North China and Shandong, 19000-19200 yuan / ton, 18800-19000 yuan / ton

East China, 19300-19400 yuan / ton, 18900-19200 yuan / ton

South China, 19100-19200 yuan / ton, 18800-19000 yuan / ton

Summary of domestic aggregated MDI traders as of April 8:

Raw material pure benzene: affected by the increase of domestic pure benzene maintenance units, the decline of output and the expected reduction of arrival in April, the subsequent supply of pure benzene will be reduced as a whole. The main downstream styrene still has expected shutdown devices, and the demand for pure benzene is expected to continue to decline.

Comparison chart of pure benzene (upstream raw material) – polymerized MDI price trend of business society:

Aniline: domestic aniline maintains a high consolidation pattern. The aniline plant has reduced the load, the long and short news on the supply side is common, the sentiment of downstream and traders tends to be cautious, and the purchase is biased towards rigid demand.

Comparison chart of aniline (upstream raw material) – polymerized MDI price trend of business society:

In terms of enterprises, Yantai Wanhua 1.1 million T / a plant operates normally; Ningbo Wanhua 1.2 million T / a unit operates normally; The 600000 T / a unit of Shanghai keschuang operates normally; The 380000 T / a unit of Shanghai Huntsman operates normally and has a maintenance plan in May; Shanghai BASF 220000 T / a unit operates normally; Chongqing BASF 400000 T / a unit operates normally; The 80000 T / a unit of Dongcao Ruian operates normally.

In the future, business community aggregation MDI analysts expect that the domestic aggregation MDI market may still be dominated by shock consolidation.