1、 Price trend

Business agency: MTBE market price rose this week (may 18-may 22)

According to the data of business agency, the price of MTBE this weekend was 3643 yuan / ton, 5.60% higher than that of last week.

2、 Market analysis

Product: this week, the international crude oil price rose day by day, the gasoline market demand was good, the market price rose, and the domestic MTBE price rose this week.

Industry chain: this week’s crude oil futures rebounded day after day, coupled with strong gasoline consumption in summer and more replenishment operations in the downstream, the domestic gasoline and diesel prices rose 2.74% this week.

MTBE Market: the international oil price continues to rise, the gasoline demand is expected to increase, and the raw materials just need to be purchased by middlemen slightly increase; at the same time, the overall starting load of domestic MTBE device is still at a relatively low level, the overall shipment is relatively smooth, and MTBE manufacturers are pushing up. This week, the domestic alkylation oil rose slightly, mainly supported by cost, and the actual demand was relatively cautious.

3、 Future forecast

In the short term, the oil price will continue to fluctuate, but the increase of gasoline demand will drive up the price of MTBE market.

1、 Price trend

According to the price monitoring of the business agency, the comprehensive price of hydrochloric acid in North China this week was temporarily stable, with the quotation of 210.00 yuan / ton, up 110.00% year on year. Overall, this week’s hydrochloric acid market was temporarily stable, with the hydrochloric acid commodity index at 55.26 on May 15.

2、 Market analysis

（1） Products:

This week, the quotation of hydrochloric acid market manufacturers is stable temporarily, and the overall market is average. The quotation of Taiyuan kunshengda hydrochloric acid is 420 yuan / ton, which is temporarily stable; the quotation of Dezhou Shihua hydrochloric acid is 200 yuan / ton, which is temporarily stable; the weekend quotation of Wenshui synthetic hydrochloric acid is 260 yuan / ton, which is temporarily stable compared with the beginning of the week; the weekend quotation of Jinan Yuanfei hydrochloric acid is 450 yuan / ton, which is temporarily stable compared with the beginning of the week; the weekend quotation of Dezhou Meihua hydrochloric acid is 170 yuan / ton, which is temporarily stable compared with the beginning of the week.

（2） Industrial chain:

The upstream liquid chlorine market is generally weak in support of hydrochloric acid, while the downstream dyes, calcium chloride and chloroethane are still mainly purchased according to early demand. Hydrochloric acid market as a whole seems to be declining, and by-product acid is still hitting the market. The pressure of hydrochloric acid delivery is relatively high, and the quality of by-product hydrochloric acid produced by TDI, chloropropene, propylene oxide and methane chloride is relatively good. On the whole, the difficulty of hydrochloric acid delivery is still a big problem.

3、 Future forecast

The upstream liquid chlorine market is generally in the near future, while the downstream rare earth and fuel demand is weak. Business analysts believe that the recent low consolidation of hydrochloric acid mainly.

1、 Price trend

According to the price monitoring of the business agency, the ex factory price of octanol in Shandong Province rose slightly this week. This week, the average ex factory price of main octanol in Shandong increased from 5950.00 yuan / ton at the beginning of the week to 6000.00 yuan / ton at the end of the week, up 0.84%, down 18% year on year compared with the same period last year. Overall, octanol rose this week, with the May 15 octanol commodity index at 44.12.

2、 Market analysis

（1） Products:

At present, the operating rate of domestic octanol plant is acceptable; Hualu Hengsheng’s 80000 T / a octanol plant starts normally, and this week’s offer is firm; the annual capacity of Jiangsu Huachang Chemical octanol plant is 80000 tons, and there is no maintenance plan.

This week, the factory quotation of the mainstream octanol manufacturers in Shandong slightly increased: the quotation of the octanol of Jianlan Chemical Co., Ltd. at the end of this week was 6300 yuan / ton, which was temporarily stable compared with that at the beginning of this week; the quotation of the octanol of lihuayi Co., Ltd. at the end of this week was 6400 yuan / ton, which was 150 yuan / ton higher than that at the beginning of this week; the octanol unit maintenance of hualuhengsheng Co., Ltd. this week.

（2） Industrial chain:

Upstream raw material Market: propylene market rose slightly this week. The quotation increased from 6331.91 yuan / ton at the beginning of the week to 6656.55 yuan / ton at the end of the week, up 5.13%, down 3.09% year on year. The price of raw materials in the upstream market rose slightly, which had a positive impact on the price of octanol due to the impact of supply and demand.

Downstream market: the price of DOP factory rose slightly this week. The DOP quotation increased from 6700.00 yuan / ton at the beginning of the week to 6733.33 yuan / ton at the end of the week, up 0.50%, down 11.40% year on year. Downstream customers are more active in purchasing octanol, demand for octanol is higher, and DOP price increase has a positive impact on octanol market. The aftermarket operators mostly wait and see the trend of DOP.

3、 Future forecast

In late May, the trend of Shandong octanol market may fluctuate slightly. The upstream propylene price increased slightly, the cost support was strong, and the downstream procurement enthusiasm was good. According to the octanol analysts of the business agency, the octanol market in Shandong in late may may may rose slightly under the influence of supply and demand and raw materials.

1、 Price trend

On May 15, the average ex factory price of oil-based glycol in North China was 3617 yuan / ton, the same as last week, according to the data of business agency.

On May 14, the price of large single can of ethylene glycol in East China was 3480 yuan / ton, 5 yuan / ton higher than last week, a slight increase.

2、 Analysis of influencing factors

As of May 14, the ethylene glycol inventory in the main reservoir area of East China is about one hundred and twenty-three point six five 10000 tons, up from last Thursday nine point one five 10000 tons, growth rate 7.99% , up from last Monday five point nine four 10000 tons, growth rate 5.05% 。 The accumulation range is large.

In terms of delivery, the daily average delivery of Zhangjiagang main port this week zero point seven zero About ten thousand tons, the comprehensive daily average delivery of Taicang to the two warehouses zero point four eight About ten thousand tons. Shipments have improved, but remain low.

Affected by the decline of coal production operation rate, the current ethylene glycol operation rate is about 52.62% About, downstream polyester operation rate is about 84%.

In terms of plant, Guizhou Qianxi coal chemical 300000 ton plant was originally planned to be restarted on May 6, and now the restart time has moved back. Hengli (Dalian) glycol line 2 has been shut down recently and is expected to last for about 3 days.

3、 Analysis and prediction

Due to the recent rebound in crude oil prices, while the price of external ethylene rose, the cost side of ethylene glycol was supported. In addition, affected by the cost, the operating rate of the coal to glycol unit decreased, and the Hengli unit entered into maintenance, which also raised the expectation of the investment market for a better price. Affected by the above factors, the price of glycol futures rose recently.

On the other hand, the shipment volume has not changed much, and the continuous supply of goods has led to another rise in inventory this week. At the same time, the downturn in downstream production and sales has not improved, and the corresponding spot price has not recovered significantly.

It can be seen that even though the price of glycol has risen, the rebound is limited due to the lack of long-term good support.

1、 Price trend

Market analysis of potash products

According to the data monitored by the business agency, the average factory price including tax of light potash in China this week is 6312.50 yuan / ton, and the current price is 7.00% lower than last year.

2、 Analysis of influencing factors

Product: the domestic potassium carbonate market is stable this week. At the end of April, the big contract of potassium chloride was signed. At present, the price of potassium chloride has not changed significantly. However, according to the domestic and international market environment, cost and supply situation, the future market is mainly pessimistic. The supporting effect on the price of potassium carbonate is limited. This week, the market of potassium carbonate is stable. Generally speaking, the attitude of potassium carbonate manufacturers is fair. The downstream purchase is just in demand. At the same time, the plant operation rate of manufacturers is at a low level. The overall low inventory purchase market momentum is low. The domestic market of potassium carbonate is mainly stable. According to the statistics of the business agency, the main quotation range of domestic industrial grade potassium carbonate this week is about 6100-6500 yuan / ton (the quotation is only for reference), and the quotation varies according to the purchase situation.

3、 Future forecast

According to potash analysts of the business association, the domestic potash market is mainly stable in the near future, and the subsequent price is mainly affected by the international market. It is expected that the price of potash will be weak and consolidated in the short term, and the long-term market still needs to wait and see. (the above prices are provided by the major potassium nitrate manufacturers all over the country and analyzed by the potassium carbonate analyst of the business association, for reference only. For more details, please contact the relevant manufacturers for consultation).

1、 Price trend

According to the data of business agency, as of May 9, the average price of n-butanol was 5166.67 yuan / ton (including tax), up 200 yuan / ton or 4.03% compared with the reference price of 4966.67 yuan / ton before Labor Day (April 30).

2、 Market analysis

Product: in April, the domestic n-butanol market was affected by raw material propylene. After the sharp rise and fall in the middle of the year, the n-butanol market gradually returned to the rational finishing stage towards the end of April. In May, after the labor day, the overall trend of the domestic n-butanol market has recovered and its focus has been raised. At present, the inventory in the market is low, the downstream purchasing atmosphere is more positive than before the festival, the transaction atmosphere is good, the spot sales pressure is small, and the mentality of the industry has been greatly improved. At present, the market is more smooth than the low-end source of goods. In addition, raw propylene is also gradually rising this week, and the factory cost pressure is increasing. As of May 9, the main factory offer continues to explore, with the range of 100-200 yuan / ton. Among them, the South China butanol market offer rises, and the port ex warehouse reference offer is around 5450 yuan / ton; surrounding users Just in need of replenishment. The offer of Shandong n-butanol market continued to incline upward, with the local factory concentrated at 5100-5150 yuan / ton. The core users picked up the goods stably, the mainstream manufacturers delivered goods stably, and the inventory level of the factory was low; the price of Jiangsu n-butanol market rose, the local warehouse was 5300-5350 yuan / ton, and there were many small and medium-sized orders.

Industry chain: in April, the domestic propylene market was like a “roller coaster”. After the Qingming Festival, the price of propylene increased steadily. On the 10th, it increased by 200-300 yuan / ton. On the 11th, the manufacturers generally increased by 1000 yuan / ton. On the 12th, the market continued to soar by 1000-5000 yuan / ton. After two days of temporary stability, on the 14th, most of the enterprises’ prices fell by 1000 yuan / ton. Some of the soaring enterprises may return to the prices before the surge. On the 15th, The price went down 500-1000 yuan / ton again. The price went down slightly from 22 to 25. It was basically stable. Near May Day holiday, there was a part of the downstream stock just needed, because the market price of propylene rose slightly. From 28 to 30, it rose 50-100 yuan / ton slightly. At the end of April, the market turnover was between 5900-6050 yuan / ton, and the mainstream price was around 5900 yuan / ton. In May, the price of propylene slightly increased by about 50 yuan / ton during the May 1st period, rose by 100 yuan / ton again on the 6th, and continued to rise by 50 yuan / ton again on the 7th and 8th in Shandong. At present, the transaction price of propylene market is between 6150-6300 yuan / ton, and the mainstream price is about 6150 yuan / ton.

3、 Future forecast

According to the analysis of the business agency’s butanol, the business agency’s butanol analysts believe that at present, the purchasing atmosphere in the downstream of the butanol is good, and it is expected that the market of the butanol will be stable in the short term, with moderate and slight increase.

1、 Price trend

According to the data monitored by the business association, the domestic PP market was more active in April, and the spot price was adjusted by a large margin and the adjustment frequency was on the high side. As of April 30, the main offer price of T30S (drawing) by domestic producers and traders was about 7566.67 yuan / ton, up 15.52% from the average price at the beginning of the month. The main offer price of Z30S (fiber) is about 8500.00 yuan / ton.

2、 Cause analysis

Upstream: in April, the domestic propylene price experienced a large-scale upward and downward trend, and then fluctuated steadily. At the beginning of the month, it was 5239 yuan / ton, and at the end of the month, it was 5932 yuan / ton, with a monthly increase of 13.22% and a monthly amplitude of 82.18%. The price of propylene fell in shock last month, and dropped sharply again at the end of the month, with a monthly decline of more than 15%. During the Qingming period, the price of propylene rose steadily, and on November and December, it soared. After that, the market returned to rationality, some of the soaring enterprises or all returned to the prices before the surge, and the correction was mainly stable on the 19th. This time, we focus on the mid day rally, which is also due to multiple reasons. In April, affected by the complex international situation, many countries issued policies to reduce crude oil production, which was good for the upstream. The follow-up game between oil producing countries affected crude oil fluctuations for many times, but the impact on propylene was far less than that of public health events. The price of melt blown cloth raw material PP rose sharply. In addition, the price of acrylic acid, propylene oxide, epichlorohydrin and other downstream materials also rose this month. After that, PP returned to rationality, the support for propylene gradually decreased, and the future market turned stable. Therefore, it is expected that the price of propylene will stabilize after a slight upward trend in recent days;

Products: at the beginning of this month, the domestic PP market as a whole remained weak, the spot market was under pressure at the early stage, the petrochemical plant inventory was high, and the resumption of work of the downstream PP plant was general, so the atmosphere of on-site purchase inquiry was not strong. The turning point of the market appeared on the 6th. On April 6, the average price per ton of spot goods rose by 16.89%. The inflection point with high synchronous rate of international crude oil price shock tells us that the rise of crude oil was good for polypropylene market at that time. On the next 10 days, the 05 contract was up 398 points, up and down. Pp09 opened sharply on the 13th, and pp05 rose again. Investors are bullish.

The propylene demand gap brought by the current social and public health events is one of the factors driving up the price of PP this month. Since the Spring Festival, the domestic demand for PP fiber materials and melt blown materials has increased rapidly. The gap of some brands of products is large, and the production proportion of CO injection plastics and wire drawing materials is reduced. Last year, the production capacity of PP drawing materials accounted for about 33%. In April, a large number of enterprises changed production, resulting in the production capacity of drawing materials falling to around 22%. The short-term mismatch of production scheduling leads to supply shortage expectation, which also pushes up the price of PP.

In the middle and late ten days, the PP market gradually returned to rationality. On the 17th, the domestic drawing PP price dropped by an average of 7.66% in a single day, and the spot price dropped by thousands. However, as the secondary main force of prevention and control materials, fiber PP did not callback with drawing PP. The atmosphere of speculation in the market is getting weaker, and the general law of supply and demand price has been returned at the end of the month.

3、 Future forecast

PP analysts of the business club think: the domestic PP spot market rose in April. The upstream propylene market also fluctuated and rose, supporting the PP cost end. During the current special period, the situation of overseas health prevention and control is still unclear. This year’s maintenance peak season is approaching, and the startup situation of the production line is complex, which needs further observation. Downstream plant demand order follow-up is average.

Domestic price trend:

According to statistics, in April, the trend of domestic p-xylene ex factory price continued to decline. At the beginning of the month, the domestic price was 4300 yuan / ton. At the end of the month, the price of domestic PX market was 4000 yuan / ton. The price trend declined by 6.98%, 46.67% year-on-year. The external price of PX fluctuated and fell. The external dependence of domestic PX market was high. The external price decline was the negative impact of domestic price.

In recent years, the market price trend of p-xylene in China has continued to decline. The domestic PX operating rate is about 70%. The 600000 ton new unit of Sinochem Hongrun Petrochemical Co., Ltd. has been put into production. The operation of Yangzi Petrochemical plant is stable. The first line of Fuhai Chuang plant has been started. The operation of Pengzhou petrochemical plant is stable. The operation of Yangzi Petrochemical PX plant is normal. The operation of Jinling Petrochemical plant is stable. The operation of Qingdao Lidong plant is full load. The operation of Qilu Petrochemical plant is stable The operation of petrochemical plant is stable, the start-up of Urumqi petrochemical plant is about 50%, the operation of Hengli petrochemical plant is normal, the domestic p-xylene supply is sufficient, and the domestic market price continues to decline. Affected by the plummeting international crude oil price, the external price of PX continued to fall in April. As of the 29th, the closing price in Asia was 440-442 US dollars / ton FOB South Korea and 460-462 US dollars / ton CFR China. Recently, several PX units in Asia are still under maintenance. As a whole, the operating rate of PX units in Asia is about 70%, the supply of PX goods in Asia is normal, and the closing price of PX external market is sliding Empty domestic market, domestic market price of p-xylene continued to fall.

Affected by the international health events and the high crude oil inventory, the closing price of the international crude oil price fell in April. As of the 29th, the main contract settlement price of WTI crude oil futures market in the United States was 15.35 yuan / barrel, and that of Brent crude oil futures market was 24.23 US dollars / barrel. In April, the closing price of crude oil continued to fall, which lost the cost supporting role for downstream petrochemical products. Domestic petroleum Chemical products are affected by the sharp decline in raw material prices, petrochemical products have declined to varying degrees, and the domestic market price trend of p-xylene has declined.

 
In April, the price trend of the downstream PTA market slightly increased, and the domestic PTA spot market showed an “n” shape trend. As of April 29, the market average price was 3268 yuan / ton, up 2.54% from the beginning of the month, down 50.71% year on year. At the beginning of the month, affected by the news of crude oil cooperation and production reduction, the international oil price rose sharply, PTA ushered in the mood of bottom reading, spot market transactions were large, the price rebounded significantly, up 8.33% in 10 days. With the pressure of crude oil storage capacity and its own continuous high-level construction, the price dropped, the average market price on the 22nd was 3068 yuan / ton, a low in nearly a decade. At the end of the month, the downstream of the holiday will be replenished properly according to the price, the polyester production and marketing will pick up periodically, and the PTA price will rise slightly. The domestic p-xylene market will be affected by the small rise of the downstream price, and the price drop of p-xylene market will be limited.

Chen Ling, an PX analyst at business club, believes that in the near future, the crude oil price remains low, and the downstream PTA social inventory remains at a high level. From May to June, the PTA social inventory will reach a high value of 4 million tons. Due to the lack of foreign trade orders of downstream weaving enterprises and the incomplete recovery of domestic demand, and approaching the May Day holiday, some weaving enterprises have planned to stop work in advance for the holiday, with negative expectations and weak demand. It is expected that the market price of p-xylene will maintain a low level in the later period.

1、 Price trend

Take the rutile titanium dioxide produced by sulfuric acid process, which has a large volume in the domestic market, as an example. According to the data in the bulk list of business agencies, the price of titanium dioxide is stable this week, with an average price of 15433.33 yuan / ton.

2、 Market analysis

Products: since April, the main force of titanium dioxide in China has been stable. Affected by the epidemic situation abroad, some production enterprises have limited production and the market price is weak. This week, the price of titanium dioxide is mainly stable. At present, the factory price of domestic rutile titanium dioxide is 14000-16300 yuan / ton, the factory price of anatase titanium dioxide is 12500-13000 yuan / ton, and the factory price of chlorination titanium dioxide is 18500-21000 yuan / ton. In terms of the current international situation, titanium dioxide market as a whole is weak.

Industry chain: the market price of titanium ore in Panxi is basically stable this week. The supply of imported titanium ore is in short supply. The price market of titanium dioxide in the downstream also shows a weak trend. In the short term, titanium concentrate is mainly stable. At present, the price of 38 titanium ores excluding tax in Panxi area is 830-860 yuan / ton, 46, 10 titanium ores excluding tax is 1260-1350 yuan / ton, 47, 20 titanium ores are 1300-1350 yuan / ton. Analysts believe that: this week, titanium dioxide overall weak and stable, the high price of imported titanium ore supply reduction, Panzhihua has a certain support. In the short term, the price of titanium ore is mainly stable.

3、 Future forecast

Titanium dioxide analyst of business association thinks: affected by the epidemic situation, the demand side foreign trade contracted and domestic demand reduced. The actual single price operation in the trading market is more flexible. In the short term, the May Day holiday is coming, the mainstream price is still stable, the actual price is weak, and the actual transaction price is a single discussion

1、 Price trend

Isopropanol prices fell this week, according to commodity data monitoring. At the beginning of the week, the average price of isopropanol in China was 13433.33 yuan / ton, while at the end of the week, the average price was 12766.67 yuan / ton, and the price rose within the week by 4.96%.

2、 Market analysis

Product: isopropanol market fell this week. Isopropanol prices have continued to rise since mid March. In early April, prices continued to soar as export orders were delivered centrally and factories cut production temporarily due to accidents. Near the end of April, the price of isopropanol began to fall this week. Up to now, Shandong isopropanol negotiation range in China is about 12800-13000 yuan / ton, and Jiangsu isopropanol negotiation range is 12300-13000 yuan / ton. The negotiation range of isopropanol in South China is 12700-12800 yuan / ton. Influenced by the international situation, the isopropanol export in China will continue for some time. Many factory offers do not report, domestic trade inquiries more, take goods very cautious, few transactions.

Industry chain: the upstream acetone market price rises in a narrow range. At present, the price in East China is 6850 yuan / ton; that in Shandong is 6500 yuan / ton; that in surrounding Yanshan is 6400 yuan / ton; and that in South China is 7000 yuan / ton. The main market price of propylene in Shandong is 5850-5900 yuan / ton. Affected by the international situation, crude oil prices fell sharply again, which may have a greater negative impact on propylene market.

3、 Future forecast

According to isopropanol analyst of the chemical branch of the business society, due to the influence of overseas demand, the factory did not make many offers, mainly foreign trade orders. There are many domestic trade inquiries, very cautious in taking goods, and few transactions. Downstream demand is very low, domestic isopropanol price is loose. It is expected that the price will still tilt down in the short term, and follow-up attention will be paid to the change of news.