Category Archives: Uncategorized

Driven by the rise in petrochemical prices, China’s domestic asphalt market prices continue to rise

The asphalt price of some main refineries of Sinopec increased by 50-80 yuan / ton. According to the monitoring data of business agency, from September 17 to 24, the average spot price of domestic asphalt increased from 3465 yuan / ton to 3512 yuan / ton. During the cycle, the price increased by 1.36%, 3.70% month on month and 50.25% year-on-year.

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Domestic spot asphalt prices rose and fell, and the price difference between North and South gradually expanded. In terms of regions, the price rise in East China, South China and southwest China is obvious, which is mainly driven by the price increase of Sinopec, including the price increase of 70 yuan / ton in East China and 80 yuan / ton in South China and southwest China; However, prices in North China and Shandong fell, mainly due to the impact of rainfall and weather, coupled with the outflow of low-cost resources from futures and spot, and the low-end price of the market fell.

Comparison chart of crude oil and asphalt price trend of business society:

In the short term, the overall supply is expected to pick up slightly. On the demand side, rainfall has a certain obstacle to demand, but the demand for goods preparation before the National Day is expected to increase, or drive the market demand to improve slowly. Asphalt analysts of business society expect that the domestic asphalt market will maintain a narrow range in the short term.

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On September 24, the price of baking soda rose

1、 Price trend

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According to the monitoring data of business society, the price of baking soda rose. On September 24, the average market price was 2693.33 yuan / ton. On September 23, the commodity index of baking soda was 168.80, an increase of 9.95 points over yesterday, a record high in the cycle, and an increase of 91.23% over the lowest point of 88.27 on December 22, 2020. (Note: the period refers to the period from September 1, 2020 to now)

2、 Market analysis

According to the business society, the price of baking soda is strong. First, it is affected by the raw material soda. The price of soda ash has increased significantly and the price is running at a high level. In the downstream, the demand for baking soda in medicine, textile and food has improved recently. Generally speaking, the price of baking soda is running better in the short term, depending on the downstream market demand.

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On September 23, epichlorohydrin price was strong

Trade name: epichlorohydrin

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Latest price (September 23): 20333.33 yuan / ton

On September 23, the epichlorohydrin market was running at a high level, up 40.55% compared with the price on September 1. At present, the raw material propylene is mainly stable, the price of glycerol is strong, the cost support is strong, the tight market supply situation continues, the goods just need to be prepared before the downstream Festival, and the market push up mentality is positive.

It is expected that in the short term, the epichlorohydrin market may operate strongly.

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View on acetic anhydride trend on September 22

The market of acetic anhydride soared on September 22

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According to the data monitoring of business society, the price of acetic anhydride soared on September 22, and the market of acetic anhydride rose sharply. As of September 22, the price of acetic anhydride was 12350.00 yuan / ton, up 3.35% from 11950.00 yuan / ton on September 18 of the previous trading day. The price of acetic anhydride in some enterprises increased by more than 300 yuan / ton in a single day, and the market of acetic anhydride soared on September 22.

Overview of industrial chain Market

According to the monitoring data of business society, the price of acetic acid soared during the Mid Autumn Festival, with the price of acetic acid rising by 11.03%; The price of methanol is strong and stable, and the cost of acetic anhydride is rising; Under the dual control of environmental protection and energy consumption, the start-up of acetic anhydride enterprises is low, the inventory of acetic anhydride is insufficient, and the downstream customers just need to purchase.

Market overview and future forecast

Analysts of acetic anhydride data of business society believe that the recent sharp rise in acetic acid price, the sharp rise in acetic anhydride cost and the increasing driving force of acetic anhydride rise; Affected by the dual control of environmental protection and energy consumption, the operation of acetic anhydride enterprises is low, and the supply of acetic anhydride is insufficient, which stimulates the rise of acetic anhydride price. Overall, the driving force for the rise of acetic anhydride is sufficient, and the price of acetic anhydride is expected to rise sharply in the future.

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On September 18, refrigerant R22 market was stable

1、 Price trend

Latest price (September 18): 24666.67 yuan / ton

Key points of analysis: at present, the prices of raw hydrofluoric acid and methane oxide are rising, and the cost support is further strengthened. At the same time, due to the rapid use of quotas, the operating load of refrigerant manufacturers continues to decrease, the supply side continues to be tight, enterprises receive orders in Limited quantities, dealers’ quotations are in line with the manufacturers, and there is little room for negotiation.

R22 prices are expected to continue to rise in the short term.

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On September 16, the market of ethyl acetate continued to rise

On the 16th, the domestic ethyl acetate market continued to heat up, and the quotation continued to rise. On the one hand, the market of raw acetic acid soared, and the rising cost further drove up the price of ethyl acetate. On the other hand, the market supply is tight, Yankuang and Jiangyin Baichuan are still under maintenance, and the market supply is declining. Stacking pre festival goods preparation to boost purchase volume. The market continued to heat up, with a cumulative increase of more than 5% this week. As of Thursday, the quotation of ethyl acetate was in the range of 8900-9200 yuan / ton.

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Future forecast: the price will reach a high point, and with the end of pre holiday goods preparation, the rise of ethyl acetate Market may slow down, dominated by recent high consolidation.

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On September 15, the market of ammonium chloride was stable

Trade name: ammonium chloride

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Latest price (September 15): 1077 yuan / ton

Key points of analysis: the market of ammonium chloride is stable. According to the monitoring of business society, the price of domestic ammonium chloride dry ammonium was 1077 yuan / ton on the 15th, which was stable compared with the previous day. Although the price of raw liquid ammonia rebounded and the cost side was supported, the unit operation of the combined alkali plant has recovered to more than 70%, and the overall supply pressure of ammonium chloride hit; In addition, since September, the number of new orders received by enterprises is small, and the ex factory price has been reduced slightly. According to the business agency, on September 15, 2021, the factory price of agricultural ammonium chloride and dry ammonium in Jinshan, Henan Province was 1030 yuan / ton; The ex factory price of wet ammonium in the province is 980 yuan / ton; The ex factory price of Hubei Yihua bicyclic dry ammonium is 1070 yuan / ton.

In the future, it is predicted that the start-up of compound fertilizer is low, the new orders received by ammonium chloride enterprises are less than expected, and the phased high of urea has passed. It is expected that the ammonium chloride market will continue to show a weak callback trend in the short term.

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On September 14, the market price of polybutadiene rubber fell

Trade name: polybutadiene rubber BR9000

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Latest price (September 14): 13250 yuan / ton

Key points of analysis: according to the monitoring of business society, as of September 14, the domestic price of CIS polybutadiene rubber was 13250 yuan / ton, down 2.65% from the previous day; On the 14th, the ex factory price of the main suppliers of synthetic rubber was basically stable. The price of CIS polybutadiene rubber of CNPC Northeast sales company was reduced by 100 yuan / ton, that of Daqing and Jinzhou Shunding was 13300 yuan / ton, and that of northeast warehouse was increased. In the past two weeks, the raw material butadiene has fallen sharply, with a strong negative impact on the cost side. In addition, the downstream goods preparation is not active, and the market traders are cautious in receiving goods, mostly selling with the purchase, so the overall offer of the market is lower.

Future forecast: the price decline of natural rubber and raw material butadiene will have a strong negative impact on the CIS polybutadiene rubber market. It is expected that CIS polybutadiene rubber will be dominated by weakness in the near future.

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Poor demand and weak price of ammonium sulfate (9.6-9.12)

1、 Price trend

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According to the monitoring data of business agency, the average factory price of domestic ammonium sulfate was 1153 yuan / ton on September 6 and 1153 yuan / ton on September 12. The price of ammonium sulfate was stable this week.

2、 Market analysis

The market of ammonium sulfate was stable this week. The market of coking grade ammonium sulfate is weak, and the quotation is different in various regions. For coking grade ammonium sulfate this month, the mainstream factory quotation of ammonium sulfate in Shandong is 1030-1100 yuan / ton, that in Hebei is 1060-1090 yuan / ton, and that in Shanxi is 960-1040 yuan / ton. The quotation of Hexin grade ammonium sulfate is fine tuned, and the domestic demand is flat.

This week, the operating rate of the downstream compound fertilizer enterprises is not high, the raw material market is always high, and the compound fertilizer enterprises are under great pressure. The raw materials are purchased on demand, and the demand is difficult to improve in the short term.

3、 Future forecast

Ammonium sulfate analysts of business society believe that the supply of ammonium sulfate is slightly tight due to environmental reasons. Domestic demand is weak and terminal procurement is insufficient. The price of ammonium sulfate is expected to be stable and downward in the short term.

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The price of tight supply propylene glycol increased by more than 7% (9.6-9.10) in the week

According to the monitoring data of business society, as of September 10, the average ex factory price of domestic industrial grade propylene glycol was 18233 yuan / ton, which was increased by 1200 yuan / ton, or 7.05%, compared with September 5 (propylene glycol reference price 17033 yuan / ton).

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Last week, domestic propylene glycol shipments were slow, and the market was weak and fell. On the 6th of this week, the propylene glycol market in Shandong Province rose steadily. I heard that some large factories had parking plans in the near future. In addition, the atmosphere of taking goods in the downstream was improved near the Mid Autumn Festival holiday, the transaction of new orders in the propylene glycol yard was improved, and the reluctance to sell in some factories increased. The ex factory price of propylene glycol was increased by 300-600 yuan / ton. On the 7th, the propylene glycol market continued to rise slightly, The ex factory price of propylene glycol was around 17200-18000 yuan / ton, and then the market price of propylene glycol was adjusted and operated at a high level. Near the weekend 9, the spot price of propylene glycol continued to be tight, and the spot price of propylene glycol factory increased again, with the maximum increase of 800 yuan / ton. As of September 10, the ex factory price of propylene glycol in Shandong was 17600-18800 yuan / ton, and the average price was 18233 yuan / ton, Compared with the beginning of the week, the increase in the week was more than 7%.

In terms of upstream propylene oxide, the propylene oxide Market in Shandong showed a steady upward trend this week. According to the monitoring data of business agency, as of September 10, the average production price of propylene oxide in Shandong was 16466 yuan / ton. Compared with the beginning of this week, the average price increased by 333 yuan / ton, an increase of 2.07% during the week. Compared with the beginning of this month, the average price increased by 433 yuan / ton, an increase of 2.70%

Future trend analysis

At present, propylene glycol in Shandong is operating at a high level as a whole. I heard that the units of large factories in Shandong will resume operation next week, and propylene glycol will be shipped one after another. With the moderate increase of on-site supply, the market of propylene glycol will continue to move up and down, and with the high price, the downstream demand performance is gradually cautious and the acceptance of high prices is limited. Therefore, propylene glycol analysts of business society believe that in the short term, Domestic propylene glycol market may have downside risks.

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