Introduction: Recently, the business agency received a call from such an investor. The investor was very concerned about the concept of disinfectant products. Millions of them bought a certain stock, but they didn’t expect to buy it at the cost price of 35 yuan per share. As a result, the price fell all the way. By the time of 28 yuan, the stock had dropped 7 yuan per share. The investor was in a state of anxiety and restlessness. So he asked the business agency about Disinfectant products and their trend under the epidemic situation.

 

According to a survey conducted by the business association, the behavior of the above-mentioned investors is not an example. Under the background of the current severe epidemic situation, the consumption of disinfectant products at home and abroad has increased greatly, and the products are in short supply. The relevant concepts of futures market and stock market have been popular for a time. So, what are the main disinfectants for the current epidemic? What is its use, upstream raw materials, market trend and future situation? Strictly control the epidemic situation, is the disinfectant market hot or has it been the rational normalization demand? Business club will interpret “market situation of disinfectant chemical raw materials under the epidemic situation” with you.

 

1、 General situation of disinfection market under the new epidemic situation

 

In order to ensure the supply of basic production materials for medical materials, in the first quarter of this year, relevant domestic enterprises made full efforts to produce and transfer production to ensure the supply of raw materials for various epidemic prevention materials. In addition to masks and melt blown cloth, the market demand for disinfectants increased significantly, and the export volume also reached a new high. During the Spring Festival in 2020, the growth rate of tmall platform disinfectant hand sanitizer, disinfectant and skin disinfection care products increased by 37 times, 33 times and 21 times, respectively, compared with the same period last year. Affected by the epidemic situation, the market of disinfection products has an explosive growth.

 

The novel coronavirus novel coronavirus was issued by the national health and health committee recently. It was pointed out that there was no direct information about the resistance of the new coronavirus, except that the chlorinated compounds were ineffective against the new coronavirus, and all other classical disinfection methods could kill the coronavirus. Modern commonly used disinfectants are chlorine containing disinfectants, which refer to disinfectants that can produce sodium hypochlorite when dissolved in water, including 84 disinfectants, bleaching powder, peroxide disinfectants and alcohol disinfectants, which are commonly used in daily life, and the rest are aldehydes, phenols, iodine and quaternary ammonium disinfectants.

 

According to the disinfection efficacy, the disinfectant can be divided into: high efficiency disinfectant, medium efficiency disinfectant, low efficiency disinfectant and disinfectant. Among them, high-efficiency disinfectant refers to the disinfectant which can kill some bacterial propagules, viruses, fungi, etc. Medium efficiency disinfectant is a kind of disinfectant which can kill Mycobacterium, fungus, virus, cell propagator and other microorganisms. Low efficiency disinfectant is a kind of disinfectant which can kill bacteria and lipophilic virus. Among them, chlorine containing disinfectant and peroxide disinfectant mostly belong to high efficiency disinfectant, alcohol, isopropanol and iodine disinfectant belong to medium efficiency disinfectant, and quaternary ammonium salt disinfectant belongs to low efficiency disinfectant. Formaldehyde, alkyl compounds and peroxides are bactericides.

 

Recently, the State Administration of market supervision and the State Standardization Administration approved the release of 14 compulsory national standards, including the general requirements for hand disinfectants. The newly issued standards are organized and formulated by the national health and Health Commission and the State Food and drug administration, mainly involving disinfectants, disinfection equipment, medical equipment and other key areas of epidemic prevention and control. In the field of disinfectants, six product standards, including general requirements for hand disinfectants, general requirements for air disinfectants, general requirements for disinfectants in epidemic areas, and one basic standard, i.e. list of disinfectant raw materials and prohibited substances, were issued. The disinfectant series product standard belongs to the revised standard, which improves the basic indicators of disinfectant, such as raw material requirements, technical requirements, inspection methods, use methods, labels and instructions, and greatly improves product quality, performance and safety. “List of disinfectant raw materials and prohibited and restricted substances” is formulated for the first time, which stipulates the list of 85 raw materials active substances, 115 raw materials inert ingredients and other raw materials that can be used for disinfectants, as well as the list of prohibited and restricted substances, so as to control the content of toxic and harmful substances in disinfectants from the source. The disinfectant series standards will play an important role in strengthening the disinfection of hospital environment, public places and personal protection control.

 

2、 The development of chemical raw material market of mainstream disinfectants in China under the epidemic situation

 

1. Market situation of domestic mainstream disinfection chemical raw materials

 

1.1 ethanol:

 

After the Spring Festival, the demand for ethanol increased, the comprehensive production and supply of many enterprises were sufficient, and the market price rose slightly. At the beginning of February, affected by the epidemic, the demand for 75% concentration of medical disinfectant alcohol increased sharply, and some areas were out of stock. Ethanol production enterprises are more urgent to apply for disinfection alcohol production license and transfer to 75% of disinfection alcohol production, resulting in a shortage of 95% ethanol spot in East China and other places, the price is supported, and the adjustment is stronger than before the festival. In the middle of February, the supply of goods in the northern region reached the ports in South China, and the market supply increased significantly. However, the demand for alcohol in the lower reaches slowed down and the price did not change much. In the late February, 75% of the alcohol production has largely met the market demand, the downstream construction has been resumed, the logistics situation has gradually eased, the circulation of goods sources has increased, the increase of market supply is greater than the increase of demand, and the quotation of ethanol production enterprises has dropped sharply to stimulate the downstream purchase, but the downstream is affected by the psychology of buying up and not buying down, and the market turnover volume is limited. In April, the domestic ethanol market price ushered in a new wave of rise. On April 1, the price of domestic ethanol market was 5262 yuan / ton. As of April 24, the price of domestic ethanol market was 5437.5 yuan / ton, up 3.33%, 2.59% month on month, up 2.14% year on year.

 

1.2 isopropanol

With the spread of overseas epidemic, China’s isopropanol export increased significantly, and the isopropanol market rose significantly. On the domestic side, the monitoring data of the business agency showed that on February 1, the price of the market in East China was 6787 yuan / ton, and on March 12, the average price of the market in East China was 6000 yuan / ton, down 11.6% on the whole. At that time, affected by the domestic health events, the resumption of work of domestic downstream enterprises was delayed, the logistics and transportation were blocked, and the terminal demand was poor. On the demand side, ethanol was more favored in the domestic disinfectant Market The market share of domestic disinfectant Market is significantly higher than that of isopropanol in terms of consumption habits and costs. In February, the isopropanol market, like most other bulk chemicals, showed a narrow downward trend. Since the middle of March, with the spread of the overseas epidemic, the demand for disinfectant market has increased, and the Isopropanol at home and abroad has changed dramatically. In terms of external quotation, as of April 17, the weekly quotation of FOB US Gulf was 3850-3872 US dollars / ton, up 270% from the average price of 1041 US dollars / ton at the beginning of March; the weekly quotation of FOB Rotterdam was 3832 US dollars / ton, up 262% from the price of 1058 US dollars / ton at the beginning of March; while in China, according to the monitoring data of business cooperatives, the average quotation of East China on March 14 was 6025 yuan / ton, as of April 21 The average offer was 13600 yuan / ton, with the largest market increase of 125.73%. As of April 24, the average offer in East China was 12766.7 yuan / ton, which fell back after the market surged. The details are shown in the figure above.

 

1.3 sodium hypochlorite

 

The domestic sodium hypochlorite Market reported a short upward correction after the market supply is sufficient. It is understood that at the beginning of February, the price of 13% sodium hypochlorite disinfectant in the domestic market went up. Under the influence of logistics transportation and demand, the price rose from 700-800 yuan / ton before the festival to 1100-1200 yuan / ton. After a long time, with the recovery of domestic transportation, the enterprise quickly resumed production. At the beginning of March, the market price was adjusted to 900 yuan / ton. After the middle of March, the market price recovered to 1100-1200 yuan / ton Before the festival, 13% sodium hypochlorite Market offer remained at 700-800 yuan / ton in the past month.

 

1.4 ethylene oxide

 

When ethylene oxide is used as sterilizing agent in the production process of mask, the demand is small. According to the monitoring, in February, the offer of ethylene oxide market remained stable at 7600 yuan / ton. In March, the price of ethylene raw material fell continuously, the price of ethylene glycol was affected by crude oil, and the market kept bottoming out. The progress of the downstream infrastructure industry was not fully opened, and the terminal export was not smooth, which led to the weak support of ethylene oxide fundamentals, the rumors of market price reduction were rampant, and the market continued to drop towards the end of the month Continue to fall, the market bearish atmosphere is strong, affected by the epidemic a wide range, the overall industry is more bearish factors. In recent years, there is no significant increase in the types of downstream derivatives of ethylene oxide in China, and the main downstream products are still polycarboxylate water reducing agent monomer, surfactant, ethanolamine, etc., of which 52% are polycarboxylate water reducing agent monomer, 28% are surfactant, 7% are ethanolamine, and there is no significant fluctuation in the demand share pattern. In the future, the polycarboxylate water reducing agent monomer will still be ethylene oxide The leader of the lower reaches.

 

On the other hand, ethylene oxide is a broad-spectrum and efficient gas sterilization disinfectant, which has a strong penetration to disinfected articles, can reach the depth of articles, and can kill a number of pathogenic microorganisms, including bacterial propagules, spores, viruses and fungi. Ethylene oxide is used for disinfection and sterilization of disposable masks. Although the current output of masks is large, there is little demand for ethylene oxide for mask disinfection, which does not form a good stimulus for ethylene oxide.

 

2. Application principle of common disinfection materials in disinfection

 

Alcohol and isopropanol are alcohol disinfectants, which are the most commonly used skin disinfectants. The reason why alcohol can disinfect is that alcohol can absorb the water of bacterial protein, dehydrate, denature and coagulate it, so as to kill bacteria. Different concentrations of alcohol are made from high concentration (95%) alcohol diluted with distilled water. 75% alcohol is used for sterilization; 50% alcohol is used for bedsore prevention; 20% – 50% alcohol is used for physical cooling of patients with high fever. The selected concentration of medical disinfection alcohol is 75% ethanol. This concentration of alcohol is the best disinfectant, too high or too low is not good. Hospitals also use 95% alcohol, but this is not used to disinfect the human body, it can be used to wipe the UV light.

 

Isopropanol is a better disinfectant than ethanol. In the field of virus protection, the performance of isopropanol is more outstanding than that of ethanol, the main reason is that isopropanol is equivalent to adding two groups of methyl groups on the basis of ethanol, which makes its lipophilicity greatly enhanced, and the permeability enhanced by this lipophilicity also makes it more aggressive to the protein shell of the virus. Previously, it was found on amazon.com that the proportion of isopropanol disinfectants overseas was significantly higher than that in China (more than 30%), and the demand for isopropanol disinfectants overseas was much higher than that in China.

ferric sulfate (Poly ferric sulphate)

84 disinfectant is a kind of highly effective chlorine containing disinfectant mainly composed of sodium hypochlorite (NaClO), with an effective chlorine content of 5.5-6.5%. It is now widely used in hotels, tourism, hospitals, food processing industries, families, etc. The bleaching property of NaClO is not that of NaClO, but that of HClO (hypochlorite). HClO has very strong oxidizability, which can oxidize most substances and make them denatured. Therefore, it can play a role in disinfection. Carbon dioxide (co 12) in the air can react with NaClO to get HClO. 84 disinfectant has certain irritancy and corrosiveness, which will cause greater irritation to skin and mucous membrane. Generally, the chlorine content of this disinfectant is 5%. It must be diluted with 200 times of water when it is used. If it is not diluted in proportion, it will have certain corrosiveness.

 

Ethylene oxide belongs to heterocyclic compounds and is an important petrochemical product. It used to be used to make fungicides. Ethylene oxide is flammable and explosive. It is not easy to transport for a long distance, so it has strong regional characteristics. Ethylene oxide is a colorless and transparent liquid at low temperature and a colorless gas with ether irritant odor at normal temperature. The vapor pressure of the gas is high, which can reach 141kpa at 30 ℃. This high vapor pressure determines the strong penetration of ethylene oxide during fumigation and disinfection. It has strong penetrability to sterilized articles, can reach the depth of articles, and can kill a number of pathogenic microorganisms, including bacterial propagules, spores, viruses and fungi. It is widely used in medical sterilization and industrial sterilization. After using ethylene oxide to disinfect disposable masks, a series of procedures are needed to be processed. Before leaving the factory, the content of ethylene oxide in disposable masks must be tested to meet the standard, so it is basically harmless to human breathing.

 

3. Disinfectant export market ushers in a window period

 

As of April 24, the cumulative number of confirmed cases overseas was 2.67 million, with a huge demand for epidemic prevention materials. In the short term, the demand for raw materials for epidemic prevention materials overseas increased unabated.

 

In terms of policy, on March 20, China raised the tax rebate rate for some chemicals exports. The Ministry of Finance and the State Administration of Taxation issued the announcement on increasing the export tax rebate rate of some products. According to the announcement, the export tax rebate rate of disinfectants and other chemicals was increased to 13%. With the increase of tax rebate rate, the international competitiveness of isopropanol in China has been further increased. Under the current special situation, it is conducive to the development of global markets such as Europe and the United States. On March 27, the Department of Commerce of Hunan Province took the lead in printing and distributing the special action plan for expanding the export of epidemic prevention products and consumer goods nationwide, which clearly defined “government guidance, enterprise main body, overall planning of supply and demand, risk pre control”, promoted overall support for overseas epidemic prevention and control and international market development, vigorously organized the export of epidemic prevention products and consumer goods to overseas epidemic countries and regions, and actively expanded Export of epidemic prevention products and consumer goods in Hunan Province.

 

In terms of products, the export situation of isopropanol is gradually increasing. According to the data released by the General Administration of customs, China’s isopropanol export in 2010 was only 1700 tons, and the total export volume of China’s isopropanol in 2018 was 105500 tons, a significant increase of 134.6% over 2017. In 2019, China’s total isopropanol exports reached 16795 tons, an increase of 60% year on year. At present, the domestic sales of isopropanol are mainly focused on the export. According to statistics, the export volume in February is about 8493 tons, and it is estimated that the export volume in March will exceed 20000 tons, an increase of 135.5%. It is predicted that the export volume in April is expected to further double. The export orders of domestic mainstream isopropanol factories have been scheduled to May. At present, the export volume is expected to reach a new high in 2020. The increase of isopropanol export has eased the situation of domestic surplus, and also played a supporting role in the domestic isopropanol market price in a certain stage. From the end of March to the middle of April, the volume of exports was about 60 thousand tons, which basically sent to Japan, South Korea, Southeast Asia, Europe, the Middle East and other countries. They demanded more ethanol from superior or above indicators, mostly in small packages, and in Southern China part of them were exported by gel hand sanitizer or spray. There is another reason for the sharp increase in export volume in April. Currently, isopropanol prices are high, and factory orders have been mostly arranged to June. Under the high price and limited supply, foreign businessmen began to seek alcohol export.

 

On March 24, Jianghan Salt Chemical, a subsidiary of Sinopec, sent 300 tons of bleaching powder concentrate disinfectant to overseas markets for the first time through ports such as Shanghai and Shenzhen. Sinopec officials said that the recent overseas orders of Jianghan Salt Chemical Co., Ltd. increased substantially year on year. Recently, the company has exported 10256 tons of bleaching powder refined products to more than 10 countries, including Italy, France, Australia, New Zealand, Thailand and Vietnam. At present, the company still has 14000 tons of orders, and the customer demand is expected to grow further.

 

4. Upstream raw materials of industrial chain

 

4.1 ethanol industry chain

At present, most of the domestic alcohol producers are corn alcohol. In terms of raw materials, the demand for corn increases after the feed industry changes temperature, and the price of corn continues to rise with the increase of downstream demand. At present, there is not much surplus grain for farmers, and the price continues to rise under the favorable support of the increase of supply and demand. Taking Jilin area as an example, the price rises to 1860 yuan / ton, DDGS to 2000 yuan / ton. The time of temporary storage and auction in 2020 has not been set, and the market It is reported that at the end of April and the beginning of May, after the temporary storage auction, the market price of raw materials will be eased. Whether the impact of insect pest on the production of corn in the later period will be another issue worthy of attention. The price of raw cassava continued to fall in April. Affected by the epidemic, the FOB low-end price of Thailand’s cassava chips was $201 / ton, and the freight price fell sharply. But with the end of the epidemic and the end of the cassava harvest season, the price of cassava chips sent to China will rebound. In terms of raw material molasses, the grinding season is basically over, the raw material price in this season remains high, and in the later stage, the raw material price will remain high.

 

4.2 isopropanol industry chain

 

In the face of the increase of overseas demand, the operating rate of isopropanol plant increased, and the demand for raw materials increased, driving the raw material market up substantially. At present, there are three processes for isopropanol production in domestic factories: propylene water process, acetone hydrogenation process and isopropyl acetate hydrogenation process. With the process diversification, the potential difference of each process also intensifies the competition of isopropanol industry. At present, the annual capacity of isopropanol in China is about 840000 tons, of which propylene water method accounts for about 25%; acetone hydrogenation method accounts for about 60%; isopropyl acetate hydrogenation method accounts for about 15%. Taking the acetone isopropanol industrial chain as an example, according to the monitoring data of the business agency, taking the East China market as an example, after the Spring Festival, the market demand is low and the transportation is blocked. In February, the East China market first fell below 5000 yuan / ton. In March, a “black swan” followed closely, and the crude oil plummeted nearly 30%, causing heavy damage to the entire petrochemical sector, and acetone is also hard to escape. In a few trading days, the East China market The acetone market fell to 4200 yuan / ton, which is about to break the “4″ market. Isopropanol in the downstream disinfection market saved the plunging acetone. With the increasing demand for isopropanol, the enterprise’s operating rate continued to rise, the market’s inquiry and purchase of raw acetone increased, and the short-term demand for raw materials was expected to increase. On March 17, the acetone in East China rose 600 yuan / ton in three trading days, and the offer in East China was 4750 yuan / ton, In the middle and last ten days of March, the acetone market maintained a relatively high operation for a period of time. The trend in this stage was out of the heavy blow of the petrochemical industry chain and up against the trend. After a period of downstream procurement, although acetone still can not escape the negative impact of the cost of upstream crude oil and pure benzene plummeting at the end of March, it fell for a short time, but in April, under the influence of the expected reduction of crude oil production and the favorable release in advance and the sharp rise of propylene, the demand side increased unabated, and the acetone market rose again. As of April 22, the acetone market continued to be high, and the offer in East China was 6850 yuan / ton, Hua The offer is 6600 yuan / ton in North China and 7000 yuan / ton in South China.

 

In the other industrial chain, propylene isopropanol accounts for a relatively small proportion. As a large number of chemical raw materials, propylene accounts for only 1% of isopropanol, and the effect of isopropanol on propylene is not obvious.

 

4.3 ethylene oxide industry chain

 

Ethylene oxide is mainly used in polycarboxylic acid water reducing agent (52%), surfactant (28%), ethanolamine (7%), which accounts for a small proportion in sterilization and disinfection. Therefore, the impact of ethylene oxide on upstream raw materials ethylene and glycol caused by disinfection can be ignored.

 

3、 Market forecast of disinfectant and development opportunities and challenges in the future

 

Market forecast: isopropanol has a large space in the domestic disinfection market, and the export volume will remain high in the first half of the current export. In terms of price, some intermediate traders expect that the export volume will be reduced. At present, they are eager to ship and offer 200-500 yuan / ton lower, and the factory’s offer will also decline. In the medium and long term, with the improvement of the overseas epidemic situation, the demand for disinfectants in the overseas market is reduced, while the domestic isopropanol supply is excessive, and the reduction of exports will inevitably have an impact on the demand for isopropanol, and the isopropanol market may have a downside risk. There will still be an increase in the capacity of isopropanol in China from 2020 to 2021, and the trend of isopropanol market will gradually return to a rational space.

 

Disinfection materials, such as alcohol, wipes and 84 disinfectants, are dangerous goods. MSDS, identification report and reach of dangerous goods are required. Since the requirements for imported respirators, disinfectants and other anti epidemic products are different in each country, the local agent company or receiving company shall be consulted before export to avoid the problem of materials being withheld or returned. However, with the increase of overseas epidemic situation, there is a possibility of further increase of ethanol export orders. The price of ethanol market affected by high-speed traffic restriction before May 1st in China will still rise further, and it is expected to rise by 100-150 yuan / ton. In the medium and long term, the raw material corn market has upside space, and the rising cost may drive the ethanol upward.

povidone Iodine

Opportunity: before the outbreak, China’s disinfection market was in a slow development trend for a long time, and even the growth rate fell in 2019. In China, in the downstream application market of disinfectants, the demand of agricultural sector accounts for 24%; the demand of medical sector accounts for 19%; the demand of industrial sector accounts for 17%; the demand of animal husbandry accounts for 15%; the demand of public facilities accounts for 13%; and the demand of other sectors accounts for 12%. Under the epidemic situation, epidemic prevention materials were in urgent need all over the country, and disinfection products became the second most scarce material after masks. According to the data released by Suning, the sales volume of hand sanitizer alone increased by 2315% during the epidemic period, and the short-term market demand increased greatly. After the outbreak, with the improvement of people’s understanding of disinfection, the demand for disinfectants in families is increasing, the disinfectant industry has a broad future development space, and the market environment will be further optimized.

 

Challenge: at this stage, in China’s Disinfectant Market, the number of well-known brands is small, the high-end field is mainly occupied by imported brands, and the low-end field is full of small brands, resulting in increasingly fierce competition in the industry and declining overall profitability. Under the promotion of market demand and national policies, enterprises with insufficient strength in the disinfectant industry will gradually withdraw, and the future industry development will be increasingly standardized and specialized.

 

To sum up, at present, the contradiction between supply and demand of disinfectant products has been relatively stable, but due to the needs of epidemic prevention and control, the demand side is still developing, especially in the severe situation abroad. The export volume of disinfectant will still be relatively large in the short term, which will form a certain support for the price. On the whole, the market’s attention to disinfectants is more rational; in the future, following the changes in the global prevention and control situation, its application will gradually become normalized.

http://www.lubonchem.com/

1、 Price trend:

 

On April 18, the hydrogenated benzene commodity index was 40.84, unchanged from yesterday, down 59.96% from 102.01 (2014-01-09), the highest point in the cycle, and up 36.18% from 29.99, the lowest point on April 7, 2020. (Note: cycle refers to 2013-12-01 to now).

 

Azodicarbonamide (AC foaming Agent)

2、 Market analysis:

 

Domestic market: Sinopec’s pure benzene rose 150 yuan / ton on Tuesday this week, and the bidding price of crude benzene rose this week driven by pure benzene. Since April, the hydrogenated benzene market has entered the rising space. Until this weekend, the market began to enter a small consolidation stage, but the hydrogenated benzene Enterprises are still in a loss state, and the overall commencement is still low. As of Friday, the price of hydrobenzene in Shandong Province was around 3650 yuan / ton, and the market offer was still firm.

 

Industrial chain: crude oil: OPEC + oil producing countries finally reached the largest production reduction agreement in history, but the strength was not as expected by the market, unable to offset the impact of public health events on demand collapse. This week investors returned to reason after a brief “euphoria” over the agreement to cut production and crude oil fell back. Brent fell $3.59, or 15.13%, this week from April 9, while WTI fell $3.79, or 13.15%. Compared with December 31, 2019, Brent decreased by 69.83% and WTI by 58.81%. Pure benzene: after last week’s bottom reading, the market speculation began to slow down this week. On Tuesday, Sinopec’s listing price of pure benzene was increased by 150 yuan / ton to 3050 yuan / ton. East China’s port inventory continued to accumulate. This week, the downstream factories in the north were active in purchasing, the spot supply in the market was insufficient and the price was high. The East China Shandong arbitrage window opened to support the pure benzene market. Downstream products: this week, the market price of styrene fell, and the rising sentiment in the market dissipated. Most domestic enterprises reduced prices and promoted sales to maintain stable shipment. On Friday, Shandong’s price was 5150 yuan / ton, down 0.64% from last week.

 

Chitosan oligosaccharide

Industry: according to the price monitoring of the business agency, in the 15th week of 2020 (4.13-4.17), there are 38 kinds of commodities rising month by month in the list of commodity prices in the chemical industry sector, among which 14 kinds of commodities rising by more than 5%, accounting for 15.7% of the number of commodities monitored in the sector; the top three commodities are acrylic acid (25.40%), maleic anhydride (19.02%) and crude benzene (15.55%). There are 21 kinds of commodities falling on a month on month basis, with 8 kinds of commodities falling by more than 5%, accounting for 9% of the number of commodities monitored in the sector; the top three products falling are propylene (- 34.79%), propylene oxide (- 13.77%) and propane (- 11.46%). This week’s average was up or down 1.02%.

 

3、 Trend Forecast:

 

It is estimated that the world crude oil consumption will shrink by about 20 million barrels / day in 2020. The collapse of demand, the short-term agreement on production reduction can not offset the negative impact of the sharp contraction of demand, and the oil market can not get rid of the dilemma of excess supply and demand. In addition, crude oil consumption enters into the off-season from April to may, and seasonal factors will aggravate the imbalance between supply and demand in the oil market, thus making the oil price face the risk of downward focus. In terms of pure benzene, East China’s source of goods enters Shandong, or its price is restrained. The downstream demand is mainly rigid, and the purchase is on demand. It is predicted that the price of hydrogenation benzene in the future will not be greatly supported, and the operating rate will be low.

http://www.lubonchem.com/

1、 Price trend

 

According to the price monitoring of the business agency, the average ex factory price of the mainstream manufacturers on April 19 was 22333.33 yuan / ton, which was the same as that at the beginning of the week. On April 19, the R134a commodity index was 81.71, flat with yesterday, down 18.29% from the highest point in the cycle of 100.00 (2019-09-02), and up 0.75% from the lowest point of 81.10 on March 4, 2020. (Note: cycle refers to 2019-09-01 till now)

 

Sodium selenite

2、 Market analysis

 

Product: R134a refrigerant market is weak this week. In recent years, the price of raw material end has been lowered, while the terminal demand is weak, the automobile industry has not fully recovered its capacity, domestic and foreign demand is poor, and the new capacity has not been released. In the weak market of supply and marketing, the price of refrigerant R134a is in danger of falling. According to the price monitoring of the business agency, as of April 19, the market price of refrigerant R134a was concentrated around 19800 yuan / ton – 25000 yuan / ton.

 

Industry chain: Recently, the price trend of domestic hydrofluoric acid market has fallen. The enterprise reflects that the current spot supply of hydrofluoric acid is sufficient. Due to the impact of public health events, the downstream demand is reduced. The recent market of hydrofluoric acid in the field is poor. Due to the poor downstream demand, the market price trend of hydrofluoric acid is declining. With sufficient supply of fluorite and poor downstream demand, the business community believes that the market price of hydrofluoric acid may be slightly lower.

 

Chitosan oligosaccharide

Industry: according to the price monitoring of the business agency, in the 15th week of 2020 (4.13-4.17), there are 38 kinds of commodities rising month by month in the list of commodity prices in the chemical industry sector, among which 14 kinds of commodities rising by more than 5%, accounting for 15.7% of the number of commodities monitored in the sector; the top three commodities are acrylic acid (25.40%), maleic anhydride (19.02%) and crude benzene (15.55%). There are 21 kinds of goods falling on a month on month basis, with 8 kinds of goods falling by more than 5%, accounting for 9% of the number of goods monitored in the sector; the top three products falling are propylene (- 34.79%), propylene oxide (- 13.77%) and propane (- 11.46%). This week’s average was up or down 1.02%.

 

3、 Future forecast

 

According to refrigerant analysts of the business club, it is difficult to boost the demand side of refrigerant R134a at present, the raw material side and the demand side are weak, the market trading is cold, and the refrigerant R134a market is expected to fall in the short term.

http://www.lubonchem.com/

1、 Market Overview

 

According to statistics, the price trend of domestic fluorite market continued to decline this week. The weekend price was 2961.11 yuan / ton, down 0.93% from 2988.89 yuan / ton at the beginning of the week, up 4.82% year-on-year. Recently, fluorite price continued to fall.

 

povidone Iodine

2、 Market analysis

 

Product: the price trend of domestic fluorite continues to decline this week. As of the 17th, the average price of domestic fluorite is 2961.11 yuan / ton. Recently, the operation rate of domestic fluorite plant has increased. The on-site mine and flotation plant are gradually back to work, and the supply of fluorite in the field has increased. Due to the increase of on-site supply, the price of fluorite continues to decline. In addition, the price trend of downstream hydrofluoric acid has declined. For fluorite market, purchase is on demand, The price trend of fluorite market declined. In the near future, the operation rate of downstream units is relatively low, the spot supply of fluorite in the site is sufficient, and the downstream of the terminal is purchased on demand, resulting in a low market price. As of July 17, the price of 97 fluorite wet powder in Inner Mongolia was 2600-2900 yuan / ton, that of 97 fluorite wet powder in Fujian was 2800-3000 yuan / ton, that of 97 fluorite wet powder in Henan was 2800-3100 yuan / ton, and that of 97 fluorite wet powder in Jiangxi was 2800-3100 yuan / ton. The price trend of fluorite in the market fell back.

 

Industry chain: the price trend of hydrofluoric acid Market in the downstream of fluorite continued to decline this week. As of the end of the week, the ex factory price of hydrofluoric acid was 10590 yuan / ton. The price trend of hydrofluoric acid fell this week, and the price of fluorite slightly fell. 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 R134a market in China is declining, and the unit operation rate of production enterprises remains low. 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 of fluorite market continues to decline.

 

Industry: this week, the unit operating rate of fluorite industry increased slightly, the price trend of hydrofluoric acid declined, the spot supply of fluorite products in the field was sufficient, and the price trend of fluorite market fell.

 

3、 Future forecast

 

On the whole, the downstream refrigerant industry has a poor market, the supply of fluorite has increased, and the recent price trend of hydrofluoric acid market has declined. Chen Ling, an analyst with the business agency, thinks that the market price of fluorite may continue to decline.

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1、 Price trend

 

The antimony commodity index on April 10 was 53.07, unchanged from yesterday, 48.13% lower than the highest point in the cycle 102.32 (2012-10-16), and 12.96% higher than the lowest point 46.98 on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

 

2、 Market analysis

 

Upstream and downstream: the price of antimony oxide was stable on Wednesday, with 99.5% at 33500 yuan / ton and 99.8% at 35000 yuan / ton as of Friday.

 

ferric sulfate (Poly ferric sulphate)

Domestic market: the antimony ingot Market has remained stable this week. Influenced by international events, the export of antimony products is affected at present, and it is not optimistic about the future market. Domestic demand is mainly on the waiting list, and the demand slows down. Several major domestic manufacturers cut production and guaranteed prices. Under the double influence of demand and export, the price of antimony products is lower. As of Friday, the price of two low bismuth antimony ingots is 35500 yuan / ton, one antimony ingot is 36000 yuan / ton, and 0 antimony ingot is 37000 yuan / ton The average price of 2 × high bismuth antimony ingots is 33250 yuan / ton.

 

Industry: according to the price monitoring of the business association, in the 14th week of 2020 (4.6-4.10), there are 7 commodities in the price up and down list of bulk commodities in the non-ferrous sector, including 1 commodity with an increase of more than 5%, accounting for 4.5% of the number of commodities monitored in the sector; the top three commodities are silver (5.70%), nickel (4.44%) and copper (3.05%). There are 12 kinds of commodities falling on a month on month basis, and the top three products falling were silicon metal (- 3.06%), magnesium (- 2.33%) and praseodymium oxide (- 1.61%). This week’s average was 0.26%.

 

This week, there are only four trading days at home and abroad, showing a bottoming and rebounding trend. Smmi rose 2.36%. The world continues to take various easing measures to deal with the economic recession brought by the epidemic. OPEC meeting will reach an agreement on production reduction, and crude oil rebounded sharply, leading the rise of basic metals one after another.

 

3、 Future prospects

 

At present, the price of antimony ingot is close to the cost price. It is expected that the price will remain stable in the short term. In the long term, we need to pay attention to whether the domestic and foreign demand situation improves.

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In April, the acetone market was greatly boosted by raw materials. According to the monitoring data of the business agency, the price of the acetone market in East China was 3700 yuan / ton on April 3, 4900 yuan / ton on April 10, 6000 yuan / ton on April 13, and the cumulative increase of the acetone market in East China was 62%; the price of the petrochemical manufacturers was 4300-4700 yuan / ton on April 10, 5400-6000 yuan on April 13/ Tons, up 27% a day.

 

Looking back on the market in April, the raw material pure benzene rose at the beginning of the month due to the sharp rise of crude oil. At present, the raw material propylene rose again due to the sharp rise of melt blown cloth raw material. The details are as follows:

 

First of all, the reduction of crude oil production is favorable for early release, and the raw material pure benzene after the Qingming Festival is up sharply.

 

1. Crude oil is the fuse of this round of rising market. On April 2, WTI and Brent recorded their biggest daily gains, both exceeding 25%, as Saudi Arabia and Russia are expected to reach production reduction agreements. In the following days, the oil price continued to fluctuate after surging. Until the end of the OPEC + special meeting on September 9, the production reduction was less than the market expectation. The oil price fell again, WTI was 22.76 yuan / barrel, down $2.33; Brent crude oil futures was 31.48 dollars / barrel, down $1.36. In the first half of April, oil prices rose 11.13%. Crude oil is the most upstream of the petrochemical industry chain, and there is no doubt about the impact of its price changes on the whole petrochemical industry chain.

 

2. Pure benzene is not only an important product of petroleum refining, but also an important basic raw material of petrochemical industry. The linkage between pure benzene and crude oil is very high. After the Qingming Festival, with the good news of crude oil production reduction, the price of pure benzene rose sharply in the atmosphere of petrochemical industry chain. According to the data of the business club’s bulk list, after the Qingming Festival, affected by the 25% rise in crude oil, the bottom reading of pure benzene rebounded, with a strong rise. On April 5, the price of pure benzene was 2250-2850 yuan / ton (average price: 2450 yuan / ton); on April 10, the price of pure benzene was 2850-3800 yuan / ton (average price: 3240 yuan / ton), an increase of 32.4%. It can be seen from the industrial chain of pure benzene acetone that the rising power of pure benzene is indispensable from April 3 to 10. According to the monitoring data of business agency, the acetone market in East China reported 3700 yuan / ton on April 3, and rose to 4900 yuan / ton on April 10, an increase of 32%.

 

3. Another important reason for the upward trend of this round is the expected low inventory of East China’s ports. According to the business agency, the inventory of East China’s ports on April 10 was 37000 tons, compared with 65000 tons of port inventory in the same period last year, the inventory of East China’s imported acetone ports was low. On April 10, some traders reported that 50% of acetone inventory in the port has been booked by downstream isopropanol factories. However, due to the impact of the epidemic abroad, the import shipping schedule is expected to significantly reduce in the middle and late April, so the overall import volume has also declined, and the supply of acetone in the domestic market has decreased.

 

Second, the raw material propylene soared 100% over the weekend, and acetone rose 27% again

 

1. Why does propylene soar? After the Qingming Festival, polypropylene (PP), the main downstream product of propylene, soared. Firstly, polypropylene fiber material entered the crazy level of RMB 10000 per day. Secondly, polypropylene (drawbench) rose from RMB 6383 / ton to RMB 8533 / ton from April 6-10, with an increase of 33.68%, which led to a sharp rise in the market of PP varieties. From the perspective of propylene polypropylene industry chain, polypropylene, which accounts for 70% of propylene market, rose sharply, Propylene is also on the rise. Taking Shandong market as an example, according to the monitoring data of business association, the price of enterprises in Shandong region generally increased by more than 1000 yuan / ton on April 12, up 35.02%. Some enterprises even increased by 5000 yuan / ton, up nearly 100%. The market transaction suddenly increased from 5000-5200 yuan / ton to 8000-12000 yuan / ton.

 

2. With the increase of propylene, the cost pressure of phenol ketone enterprises increases. The acetone market, which was in the situation of pushing up, took advantage of the rising trend of raw material propylene, and the acetone plant recorded the largest increase in a single day, with the next round of upward range far exceeding expectations. According to the monitoring data of the business association, on the 13th, acetone in North China (Yanshan Petrochemical and Zhongsha Tianjin) rose by 1000 yuan / ton, with an offer of 5400 yuan / ton, and that in East China (Shanghai Gaoqiao, Sinopec Mitsui and Yangzhou Shiyou) rose by 1000-1100 yuan / ton; the price of 1100 yuan / ton in East China acetone market was 6000 yuan / ton, which was far higher than expected.

 

povidone Iodine

Thirdly, the operating rate of the downstream disinfectant isopropanol plant remained high, and the demand for acetone continued to increase.

 

1. Due to the increasing demand of overseas disinfectant Market, the isopropanol market continues to soar. According to the monitoring of the business agency, on March 14, isopropanol offered 6025 yuan / ton, and on April 13, isopropanol offered 12333 yuan / ton, up 104.7% in the past month. At present, isopropanol in the U.S. continued to rise, while isopropanol in Europe ended stable and fell. From the perspective of China’s export price, the price of export to Europe remains high in the short term. As of the 13th day, the negotiation range of domestic regions is about 12500-13000 yuan / ton. According to the current international situation, the demand for disinfectant and other resources in the European market will remain high. From the perspective of export orders, the current export orders have been scheduled to the first ten days of May, and the current market is expected to continue to be good until June. Of course, we should continue to pay attention to the progress of overseas public events. If the inflection point does not appear until May, the overseas isopropanol procurement will continue or be postponed to August. Business analysts believe that the domestic price of isopropanol will remain high, and follow-up attention will be paid to the change of news.

2. From the perspective of the acetone isopropanol industrial chain, affected by the overseas epidemic, the demand for isopropanol continued to improve, the market offer remained high, the profit of isopropanol plant was considerable, the operating rate of isopropanol plant was at a historical high, and the demand for acetone increased unabated. On April 10, the market price calculated that the profit of isopropanol by acetone method was still 5000 yuan / ton, and on April 13, the price of isopropanol rose 1500 yuan / ton again, and the demand for acetone rose sharply under the slight tension of supply.

 

Finally, people in the chemical industry are in a good mood. Since the single day rise of crude oil in early April, it has brought opportunities to the energy and chemical industry and plastic industry, especially for the products under the petrochemical industry chain, such as grasping the life-saving straw to copy the bottom, pushing up against the trend, increasing the market activity, increasing the enquiries of aromatic hydrocarbon and other products traders, small and medium-sized trading enterprises to copy the bottom inventory, and terminal enterprises to balance the product profit space under the high price raw materials in the early stage and actively store the low price Price of raw materials, high market participation. Secondly, with the increasing demand for respirators and other anti epidemic materials, PP, as the raw material of respirators, started to drive the sharp rise of propylene. According to the price monitoring of the business agency, on April 13, 2020, there are 63 kinds of commodities in the list of rising and falling prices of bulk commodities, accounting for 30.58%, which are mainly concentrated in the chemical sector (26 kinds in total) and the steel sector (11 kinds in total), and the commodities with an increase of more than 5% are mainly concentrated in the chemical sector; they are propylene, respectively (58.56%), acetone (27.27%), propane (24.94%), propylene oxide (21.05%), PP (16.89%), butanol (industrial grade) (15.5%), polyester staple fiber (12.88%), phenol (11.85%), isopropanol (5.71%), pure benzene (5.54%), cyclohexanone (5.06%). On the 13th, commodities with flat prices accounted for 50.97% and commodities with declining prices accounted for 18.45%. The average rise and fall of 13 days was 1.13%, and the average rise and fall of the bulk market for 5 consecutive days was positive, with good market confidence.

 

To sum up, the raw materials of pure benzene and propylene have risen sharply. As the proportion of propylene in raw materials is far less than that of pure benzene, the cost side of phenol ketone plant increased little on the 13th, and the profit is still considerable. Under the support of both raw materials and demand, the acetone market is stable in the short term, or there is still a narrow upward space. From the perspective of acetone market, the upward trend in the later period may offset the profit brought by the increase of cost However, according to 75% of the operation of phenol ketone plant, the terminal demand of phenol Market is not optimistic, and the phenol Market is expected to decline. Overall, the profit of phenol ketone plant in the later period depends on the phenol Market. According to the analysts in the chemical industry of business society, many chemical enterprises need to reduce the operating rate or shut down under the current soaring raw materials. The current demand in the terminal market is far less than expected. The downstream factories will inevitably resist the high price raw materials, and it is also an inevitable trend that propylene will return to the rational price range in the later period. Once the price of raw materials falls, phenol will be affected by the rational callback, but acetone will face the supply If two-way benefits are needed, the price may remain high in the short term.

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1、 Price trend

 

According to the price monitoring of the business agency, the average ex factory price of the mainstream manufacturers on April 13 was 22333.33 yuan / ton, compared with 22500 yuan / ton on April 6, down 0.74% in 7 days. On April 12, the R134a commodity index was 82.32, flat with yesterday, down 17.68% from the highest point in the cycle of 100.00 (2019-09-02), and up 1.50% from the lowest point of 81.10 on March 4, 2020. (Note: cycle refers to 2019-09-01 till now)

 

EDTA

2、 Market analysis

 

Product: this week, R134a market of refrigerant market is stable, middle and low. In the near future, the terminal demand of refrigerant R134a is general, and there are few new orders, so the focus of market transaction is explored. On the demand side, the time for ordering in advance in the after-sales maintenance market is coming to an end. The automotive industry has not fully recovered its production capacity, and the demand for refrigerant R134a is not high. At the same time, the trend of hydrofluoric acid at the end of raw material is declining, which is bad for refrigerant R134a. On the whole, it is difficult to boost the demand end of refrigerant R134a in a short period of time, and the support force at the raw material end is weakened, so the market may continue to weaken. According to the price monitoring of the business agency, as of April 13, the market price of refrigerant R134a was concentrated around 21000 yuan / ton – 22000 yuan / ton.

 

Industry chain: this week, the price trend of hydrofluoric acid slightly declined. In recent years, the on-site manufacturers are not in good condition, some domestic manufacturers are restarted, the domestic spot supply of hydrofluoric acid is sufficient, the downstream demand is low, and the price trend of hydrofluoric acid market continues to decline. In recent years, the price of raw material fluorite has declined, the price of hydrofluoric acid market has been affected to some extent, and the price of hydrofluoric acid in China has declined. By the end of the week, the southern region The mainstream of hydrofluoric acid negotiation in the district is 9000-10500 yuan / ton, and the price of hydrofluoric acid in the northern market is 9500-11000 yuan / ton.

 

Industry: according to the price monitoring of the business agency, in the 14th week of 2020 (4.6-4.10), there are 28 kinds of commodities in the list of commodity price rise and fall in the chemical industry sector, including 13 kinds of commodities with an increase of more than 5%, accounting for 14.9% of the number of commodities monitored in the sector; the top three commodities are pure benzene (21.34%), crude benzene (20.34%) and acetone (15.79%). There are 28 kinds of commodities falling on a month on month basis, with 5 kinds of commodities falling by more than 5%, accounting for 5.7% of the number of commodities monitored in the sector; the top three products falling are ethylene (- 11.31%), butadiene (- 10.19%) and aniline (- 5.63%). This week’s average was up or down 1.05%.

 

3、 Future forecast

 

The refrigerant analyst of the business club thinks that: at present, the demand side of refrigerant R134a is difficult to improve, the support of the raw material side is weak, and the market of refrigerant R134a is expected to be further explored in the short term.

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Commodity index: on April 9, the polyacrylamide commodity index was 92.08, unchanged from yesterday, down 14.05% from 107.13 (2019-05-08), the highest point in the cycle, and up 2.04% from 90.24, the lowest point on March 30, 2020. (Note: cycle refers to 2019-04-01 till now)

 

Price: according to the monitoring data of business agency (100ppi. Com), on April 30, 2020, the mainstream price of polyacrylamide (cation) market is about 14800-16000 yuan / ton, and the mainstream price of polyacrylamide (anion) market is about 8000-11500 yuan / ton.

 

EDTA

Industrial chain:

 

Upstream: from January to April 2020, the mainstream price of acrylonitrile in the domestic market continued to decrease. At the beginning of January, the quotation was about 11200 yuan / ton, which was reduced by 100 yuan / ton for many times; in the middle of the year, the quotation continued to decline slightly, which was reduced by 50 yuan / ton to 10650 yuan / ton for three times; by the end of the decade, the decline had been about 4000 yuan / ton, with a fluctuation of about 20%; on February 21, the mainstream price was about 9500 yuan / ton, decreased by 200 yuan / ton on 24, decreased by 300 yuan / ton on 27, and decreased by 150 yuan / ton to 8850 yuan / ton on 28 , 1750-1800 yuan / ton lower than before, about 17% lower; in March, acrylonitrile continued to decrease, to 8100 yuan / ton on the 10th, 8000 yuan / ton on the 25th, to 100 yuan / ton on the 26th, to 50 yuan / ton on the 30th, to 7800 yuan / ton on the 31st, and to 1000 yuan / ton that month. In April, the price of acrylonitrile did not stop falling back. The quotation on the first day of the current month was 7450 yuan / ton, down about 4.5% compared with the quotation at the end of March. On the second day, it dropped 150 yuan / ton to 7300 yuan / ton, and on the third day, it dropped 150 yuan / ton to 7150 yuan / ton. On the first day (7 days) after the Qingming holiday, it was 6800 yuan / ton, down 350 yuan / ton. On the eighth day, it was 6650 yuan / ton, on the ninth day, it was 6500 yuan / ton, and on the tenth day, it was 6400 yuan / ton It’s amazing how fast and how large it is! In the first ten days of April, the decline of acrylonitrile exceeded 17.9%, with a total decline of about 1400 yuan / ton.

 

Downstream: at present, the downstream water treatment project construction enterprises have a lot of project negotiations, but the implementation is still slow, and the demand for raw materials has been restored.

 

Manufacturer: the production situation of the manufacturer is good, the inventory is high, the consumption is in progress, the current downstream demand is limited, and the raw material cost continues to decrease.

 

EDTA 2Na

Industry: during the Spring Festival holiday in January 2020 to February 20, the relevant enterprises in the main production area stop production and delay to return to work. After February 20, the manufacturers in the main production area returned to work. At present, the logistics in March is back to normal, and the inventory is in constant consumption. It is reported that the logistics cost in some regions has increased since, and the quotation has increased during the period of less vehicle return to work due to the delay in construction, etc., but the transportation cost has been reduced after most logistics enterprises go to work in the near future; in April, the downstream construction is still recovering gradually, and the demand still needs to be recovered in time.

 

Aftermarket forecast: according to the analysis of business agency, the price of upstream raw material acrylonitrile was lowered by 1400 yuan / ton again in the first ten days of this month, and the cost of polyacrylamide was greatly reduced. Under the current situation of weak demand, the inventory is high, and the manufacturer’s price is still possible to be lowered. It is expected that the market price of Polyacrylamide in the future will remain stable and weak.

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1、 Price trend

 

According to the data monitored by the business association (average ex factory price of SG5 in carbide process), the average price of domestic PVC mainstream on April 7 was 5500 yuan / ton, up 2.54% compared with the previous day, and down 15.43% compared with the same period last year. On April 7, the PVC commodity index was 70.33, up 1.75 points from yesterday, down 29.67% from the cycle’s highest point of 100.00 (2011-09-05), and up 20.70% from the lowest point of 58.27 on December 20, 2015. (Note: cycle refers to 2011-09-01 to now)

 

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2、 Market analysis

 

Products: the return of Qingming holiday, the domestic PVC market ushered in a wave of rising market. Recently, PVC futures rose sharply, driving spot prices up. In the first quarter of this year, the PVC market was not good, the price continued to go down, the profits of the enterprises decreased sharply, the mentality of the operators was not positive, and the wait-and-see mentality was strong. In April, PVC enterprises gradually entered the state of maintenance in spring, the market output decreased, the social inventory decreased, and the supply side improved PVC. On July 7, PVC prices rose to varying degrees, and some manufacturers closed their bids without reporting. In the psychology of buying up and not buying down, the enthusiasm of downstream purchasing increased. The overall trading atmosphere of the market improved, the sales pressure was relieved to a certain extent, and the price fixing psychology of production enterprises was obvious. Finally, PVC market ushered in the long-term rising trend. However, at present, the market supply is still slightly loose, domestic terminal demand is not large, and foreign export orders are reduced. Whether PVC can continue to rise in the future depends on the recovery of demand side. According to the data monitoring of the business agency, as of April 7, the main quotation range of domestic PVC is around 5350-5750 yuan / ton. At present, the mainstream price of pvc5 carbide in Changzhou is around 5450-5550 yuan / ton, the interval price of pvc5 carbide in Hangzhou is about 5430-5530 yuan / ton, the mainstream price of PVC ordinary carbide in Guangzhou is around 5500-5530 yuan / ton, and the real deal can be negotiated.

 

Futures: PVC contract opened high in 2009 and continued to rise. On July 7, the opening price was 5405 yuan / ton, the highest was 5495 yuan / ton, the lowest was 5390 yuan / ton, and the closing price was 5490 yuan / ton, up 185 yuan / ton, or 3.49% compared with the previous transaction. The trading volume decreased to 185067 hands, and the position increased by 6660 hands to 185225 hands.

 

Import and export: according to the latest data released by the customs, from January to February 2020, China imported 89200 tons of PVC powder and exported 61700 tons of PVC powder. In total, the import volume of 99500 tons from January to February 2019 decreased by 10300 tons or 10.35%; the export volume of 93800 tons from January to February 2019 decreased by 32100 tons or 34.22%.

 

Ferrous Fumarate

Industry chain: on April 2, WTI crude oil futures market prices in the United States rose sharply, with main contracts at 25.32 yuan / barrel, up $5.01. Brent crude oil futures market prices rose sharply, the main contract at $29.94/barrel, up $5.20. WTI and Brent recorded the biggest daily gains, both exceeding 25%. According to the business community, global demand is still the decisive factor restricting oil prices. The prevalence of public health events may lead to a sharp contraction of economic activities, which cannot support the price of ethylene, so analysts of business data expect that the price of ethylene will keep a narrow decline in the future. In terms of carbide, the recent ex factory price of carbide in Northwest China may fluctuate slightly: the manufacturer’s quotation is about 2600-2700 yuan / ton.

 

Industry: according to the price monitoring of the business agency, on April 7, 2020, there are 7 commodities in the list of commodity price rise and fall in the rubber and plastic sector, with PET (4.90%), PP (4.44%) and PVC (2.54%) as the top three commodities. There are two kinds of commodities falling on a month on month basis, PC (- 3.19%) and PS (- 0.44%) respectively. The average price of this day is 0.69%.

 

3、 Future forecast

 

PVC analysts of the business club believe that: at present, PVC futures are rising, the spot market is rising, and some enterprises are entering the spring inspection, with the support of the supply side, it is expected that PVC trend will be stronger in the short term, and there is further expectation of rising.

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1、 Price trend

 

According to the price monitoring of business society, the average price of mainstream manufacturers on April 3rd was 14333.33 yuan / ton, 6.52% lower than the average price of 15333.33 yuan / ton at the beginning of the week (30 days), and the market fell this week.

 

ferrous fumarate price

2、 Market analysis

 

Product: the market for salicylic acid fell this week. In the near future, the raw material end has been lowered, and the salicylic acid market has been further explored. Due to the public security incidents abroad, the export of salicylic acid has been reduced by about 3-50%, the domestic market is still fair, and the shipment is gradually smooth. As of April 3, the industrial price of chemical salicylic acid in Maoyuan, Zhenjiang is about 15000 yuan / ton, the pharmaceutical price is 20000 yuan / ton, and the sublimation price is 20000 yuan / ton. The industrial price of salicylic acid in Hebei Jingye chemical industry is about 13000 yuan / ton, the pharmaceutical price is 28000 yuan / ton, and the sublimation price is 19000 yuan / ton. The industrial price of salicylic acid in Shandong Longxin pharmaceutical industry is about 14000 yuan / ton, the factory price of pharmaceutical grade is about 25000 yuan / ton, the factory price of sublimation grade is about 18000 yuan / ton, and the factory price of methyl salicylate is about 24000 yuan / ton. Shandong new hualongxin salicylic acid industrial level reference price is about 15000 yuan / ton, medical level reference price is 24000 yuan / ton, sublimation level reference price is 18000 yuan / ton, and the actual transaction is mainly based on negotiation, with large quantity being preferred.

 

Ferrous Fumarate

Industrial chain: after the collapse of crude oil in March, the phenol Market as a petrochemical product entered a period of sharp decline, and the impact of overseas public events continued to intensify. There was no substantial positive progress after the collapse of crude oil, and petrochemical products will continue to explore in the short term. From the cost point of view, the profit of 3300 yuan / ton pure benzene compared with phenol is fair, and the acetone market of the same unit is affected by the demand for downstream isopropanol In the short term, phenol and ketone plant’s profit is relatively good, and phenol recovery in the short term does not exist. In the near future, we will continue to pay attention to the price adjustment trend of petrochemical plants. Phenol analysts of the business agency believe that phenol will continue to explore the bottom under the condition of low demand and full of negative air. The short-term forecast is 5500 yuan / ton, or the market situation will gradually become clear in mid April.

 

3、 Future forecast

 

According to the salicylic acid analyst of the business agency, in the near future, the starting rate of the salicylic acid market is good, the raw materials in the early stage of the upstream are declining, the price of the salicylic acid manufacturer is lowered, the market transaction atmosphere is fair, the export situation is not good, the shipping is temporarily blocked, and it is expected that the salicylic acid will not fluctuate much in the short term, or it will show a stable trend

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