The PX commodity index on March 5 was 72.00, unchanged from yesterday, down 29.69% from the peak of 102.40 points in the cycle (2013-02-28), and up 58.07% from the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

Recently, the domestic market price trend of p-xylene has been temporarily stable. Pengzhou Petrochemical Plant has been running steadily. Urumqi Petrochemical Plant has started 50% of its operation. Fuhaichuang Aromatic Hydrocarbon Plant has started a line. CNOOC Huizhou Refinery and Chemical Plant has been overhauled. Other units have been running steadily for the time being. The domestic market supply of p-xylene is normal. The market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is about 80%. The closing price of p-xylene market in Asia is stable on March 5. The closing price is 1106-1108 USD/ton FOB Korea and 1125-1127 USD/ton CFR China. More than 50% of the domestic units need to be imported. The fluctuation of foreign prices has a positive impact on the domestic market price of p-xylene. The price of p-xylene in the market is fluctuating.

On March 5, the price of WTI crude oil in April fell to $56.56 per barrel, a decline of $0.03. Brent crude oil in May rose to $65.86 per barrel, a rise of $0.19. The price of crude oil slightly declined, which had little impact on the price of downstream petrochemical products, while the price of paraxylene was temporarily stable. Recently, the textile industry has risen slightly. PTA prices have risen on the 6th day. The average offer price in East China is raised near 6600-6800 yuan/ton. As of the 5th day, the domestic PTA start-up rate is about 80%, and the polyester industry start-up rate is about 80%. In addition, the hobby sales rate has risen. The PTA market price has risen, and the price of PX market is expected to remain volatile in the later period.

Mikhail Leontiev, press secretary of Russian Petroleum Corporation (Russian Petroleum), said on February 28 that Russian Petroleum is willing to cooperate with China in the whole industrial chain covering the fields of oil exploration, exploitation, processing and marketing.

Leontiev was interviewed by reporters at the Vankol Oilfield in Russia’s Krasnoyarsk border area on the same day. Leontiev said that in recent years, the Russian and Chinese energy sector has continuously strengthened exchanges. The Russian-Chinese Energy Business Forum held in Beijing in November last year further promoted the direct dialogue between the two countries’energy industry, and improved the efficiency of implementing cooperation projects and attracting investment.

Leontiev said that China’s oil drilling and oil service equipment market is developing rapidly. Russian Petroleum has a strong interest in these two types of equipment from China. It has signed supply contracts with several Chinese enterprises and imported drilling equipment, drilling pumps and oil pipelines.

According to reports, Vankol Oilfield is exploited and operated by a subsidiary company of Russian Petroleum. Its recoverable reserves of oil and gas condensate oil amount to 480 million tons, with an annual output of more than 20 million tons. Vankol Oilfield has been exporting oil to China through Russia’s East Siberia-Pacific pipeline since 2009. It is currently one of the main oil sources for the pipeline to transport oil to China.

According to the data of Russian Petroleum, Russia’s total oil exports to the East increased by 24.1% to 59.2 million tons in 2018, of which oil exports to China accounted for more than 84%.

Leontiev said that Russia and China jointly develop oil and gas resources in the Arctic continental shelf and the Far East and jointly develop ships suitable for the Arctic waterway, which is expected to create a new growth point for energy cooperation between the two sides. Russia-China energy cooperation can further cover the whole industry chain, including oil and gas exploitation and sales, localization of machinery and equipment production, development of systematic solutions, digitalization of energy and financing project management, etc.

Price Trend

According to the price monitoring of business associations, as of February 27, the average price of domestic methanol market was 2420 yuan/ton, and the market trend of domestic methanol market was strong.

II. Market Analysis

Products: Domestic methanol market performance is still acceptable, the overall upward trend. At present, the inland market has stable shipments. Under the influence of such factors as the approaching spring inspection, olefin extraction and environmental protection maintenance in Shanxi, the overall storage pressure is relatively small, and the upward trend continues. In the port area, although futures rose sharply in the day, due to the impact of inventory pressure, spot performance was weaker than that in the mainland, slightly upward. The short-term mainland market is supported by favorable factors or continues to be strong, while the port areas need to focus on futures trends. Domestic methanol freight rates continued to decline, ranging from 10-20 yuan/ton. The freight rates of Inner Mongolia North Line to North Shandong refer to 290-360 yuan/ton, South Line to North Shandong refer to 290-320 yuan/ton, Shanxi part to North Shandong 130-190 yuan/ton, Guanzhong to North Shandong refer to 140-190 yuan/ton and South Shandong 140-180 yuan/ton. Xinjiang refers to 750-780 yuan/ton from North Shandong and Shenhua from Inner Mongolia refers to 350 yuan/ton from North Shandong.

Industry chain: formaldehyde: Linyi formaldehyde enterprises have resumed production, boosted by the recent rise in raw material methanol market, formaldehyde cost support is good, Shandong formaldehyde market is rising. Linyi part around 1200 yuan / ton, Zibo and its surrounding around 1200 – 1250 yuan / ton. Acetic acid: The domestic glacial acetic acid market is stable and soft. Southern Shandong and Henan enterprises have high shipping intentions, so the real single is soft. Saleable volume of Northern Enterprises is still tight, so the offer is firm. At present, the supply side of enterprises is still unbalanced. Downstream purchasing intention is more cautious, the latter market mentality is not clear. Dimethyl ether: Downstream centralized delisting digestion inventory, the seller’s sales pressure increased sharply, local price downward wider aggravated downstream bullish state, the domestic dimethyl ether Market is expected to decline in the short term or again under pressure.

3. Future Market Forecast

Business Cooperatives Viewpoint: On the positive side, Northwest Guiding Price: Shaanxi-Mongolia Methanol has slightly increased this week, the current North-South Guiding Price is set at 2000 yuan/ton, which is 50 yuan/ton higher than last week; Domestic installations: Mainland based on spring inspection and other factors, and under the influence of environmental protection policies, maintenance enterprises have increased, local supply or contraction in the later period; Olefins: olefins procurement, pre-sale are good, expenditure. Methanol price of propylene raw material. On the negative side, inventory: high stocks in port areas are difficult to digest in the short term, and the stock pressure is high; crude oil: crude oil falls, which leads to the low opening of domestic chemical products; freight: recently, local freight of methanol has fallen significantly, which makes the cost of arrival of goods in consumer areas slightly loosened. Methanol analysts at business associations predict that the short-term domestic methanol market will rise slightly.

Price Trend

According to the price monitoring of business associations, as of February 18, the average price of domestic methanol market was 2280 yuan/ton, and the domestic methanol market was narrowly higher.

II. Market Analysis

Products: Last week, the domestic methanol market showed different performances. Although the inventory of the mainland factories increased, the overall pre-sale volume was better. Last week, it maintained a good state of suspension. It is expected that this week’s new price will be adjusted to varying degrees. However, we need to pay attention to the upstream transmission of freight changes. We also need to hear about the test run of Hengli methanol plant near the weekend and pay attention to the impact on the mainland market. On the port side, stocks increased and futures fell sharply in the second half of last week, which suppressed spot declines. To a certain extent, the base spread strengthened. However, the good news of Sino-US trade talks or good support for futures and stock markets emerged over the weekend, and attention was paid to macroeconomic transmission of fundamentals.

Industry Chain: Formaldehyde: At present, some formaldehyde factories in Linyi have returned to the market, but the raw material methanol is weak, so formaldehyde in Shandong is mainly wait-and-see finishing, and the market atmosphere is still light. Zibo and its surrounding prices are around 1150-1200 yuan/ton; Linyi is around 1080-1100 yuan/ton, focusing on the plant dynamics of manufacturers in the region. Acetic acid: The domestic glacial acetic acid market is rising steadily. Henan enterprises are oversold and can be sold in a tight situation, so the offer continues to rise and individual enterprises close. Eastern China market followed the upward trend. Export offer prices rose to varying degrees, and intra-venue traders were active. The inventory of enterprises in North China is not high, and there is an intention to push up. Downstream, large downstream is relatively stable, and the recovery of small and medium downstream needs time. Dimethyl ether: End-users concentrate on delisting and digesting inventory, the domestic dimethyl ether market continues to rise momentum is obviously insufficient, the overall trend tends to be rational; in the short term, the seller’s inventory and sales pressure increase slowly, and the overall trend of the domestic dimethyl ether market will weaken in the near future.

3. Future Market Forecast

Business Cooperatives: On the positive side, downstream: after the festival, the downstream part of the downstream gradually recovered, and the demand for partial replenishment gradually increased; domestic installations: near March and April, the “spring inspection” of domestic methanol production installations will be launched one after another to support the supply side, such as Rongxin and Jiutai; foreign installations: recently, the parking/follow-up repair of some International installations is relatively concentrated, and the subsequent local supply side stock shrinkage is expected. 。 On the negative side, demand: in the first week after the Spring Festival, the traditional downstream recovery is slow, and transportation capacity has not been fully restored yet, substantial volume is limited; inventory: affected by the Spring Festival holidays, port inventory continues to grow, some methanol enterprises in the Mainland have high inventories, and some Iranian shipments still have arrival plans, need to pay attention to inventory changes; negative side: Southwest gas recovery ahead of schedule, affecting Southwest and Southwest China Peripheral market. Methanol analysts at business associations expect the domestic methanol market to continue to rise in the short term.

Price Trend

According to the price monitoring of business associations, as of January 21, the average price of domestic methanol market was 2210 yuan/ton. Overall, the domestic methanol market performance was poor, and the price fell 33.70% compared with the same period last year.

II. Market Analysis

Products: Domestic methanol performance is not good, ports and the mainland are showing a downward trend. Among them, the port period is now maintained linkage, and the recent arrival of ships and cargo is concentrated, the stock accumulation is obvious, based on the general demand-side follow-up, the short-term de-inventory is still facing certain problems; the mainland continues regional trend, at present, methanol plant construction is more than 70%, the market supply is relatively adequate, near the Spring Festival holidays, Enterprises intend to drain warehouses, more profit sales, North China, Shandong decline by 10-50 yuan/ Tons vary, some enterprises can talk about the list.

Industry chain: formaldehyde: raw material finishing is the main, formaldehyde in Shandong Province has been light in recent days, the market has not changed much, part of the construction began to decline. At present, Linyi is around 1080-1100 yuan/ton, Zibo and its surrounding areas are around 1200-1300 yuan/ton. Acetic acid: The domestic market of glacial acetic acid is stable. Downstream stockpiling intention is gradually decreasing and buying intention is cautious. Inventory pressure of enterprises has decreased, and the pressure of individual shipments is slightly obvious. Dimethyl ether: When end-users enter the market for purchasing, the seller actively pushes up, but the end-users’inventory digestion is slow. It is expected that the domestic market for dimethyl ether will increase by a limited margin in a short time.

3. Future Market Forecast

Business Cooperatives: On the positive side, raw materials: in winter heating period, the demand of coal and natural gas market is still acceptable, the price is relatively stable, which provides cost support for methanol; olefins: methanol price is at a low level, and the economic recovery of olefins is still acceptable, pay attention to domestic shutdown MTO picking and restarting operations; freight: winter weather, transportation inconvenience, freight maintenance at a high level. Macroscopic aspect: The State Council further pushed for inclusive tax reduction to reduce the burden of small and micro enterprises. On the negative side, futures: poor performance of futures has a certain impact on the spot market; supply: more than 70% of the equipment has been started, and the market supply is relatively sufficient at present, there is a certain contradiction between supply and demand; port: it is known that the recent arrival of ports is relatively abundant, cargo concentrated in port, stock accumulation; depot: near the end of recent years, depot expectancy, some enterprises will sell profitably; demand side: department: Traditional downstream construction is inadequate, demand continues to weaken, and terminal demand consumption is slow. Methanol analysts at business associations predict that short-term domestic methanol market or narrow-band consolidation will dominate.

Price Trend

On January 16, the propane commodity index was 68.67, down 0.21 points from yesterday, down 43.62% from the peak of 121.80 points in the cycle (2012-03-23), and up 45.30% from the low of 47.26 points on August 7, 2016. (Note: Period refers to 2011-09-01 to date)

Horizontal adjustment of propane Market in China is dominant, with a small increase in individual and general market turnover. The ex-factory price of propane in Shandong is 4100-4250 yuan/ton. The quotation is the reference price, and the actual price is based on the actual transaction price. Saudi CP in January: $430 per ton of propane, down 15% from last month. Butane is $420/ton, up 5% from last month. The market trend of liquefied petroleum gas is weak, which affects the market mentality. The downstream replenishment is on demand, and the enthusiasm for entering the market is not high. However, propane is still in the peak demand season and the price is relatively strong.

Propane analysts at business associations believe that the current horizontal adjustment of the propane market is dominant and expect to continue consolidation tomorrow.

On October 21, the hydrofluoric acid commodity index was 119.00, which was the same as yesterday, which was 15.26% lower than the highest point of 140.43 points (2018-02-21) in the cycle, which was 122.06% higher than the lowest point of 53.59 points on November 30, 2016. . (Note: Period refers to 2011-09-01 to date)

According to statistics, the domestic market price of hydrofluoric acid has increased recently. As of the 22nd, the domestic market price of hydrofluoric acid is 13146.67 yuan/ton, and the domestic hydrofluoric acid operating rate is about 60%. The company reflects the current supply of hydrofluoric acid in the market. Normally, the recent shipments in the market are in good condition, and the ex-factory prices of some enterprises have risen slightly. As of now, the mainstream of hydrofluoric acid in the southern region is about 12,500-13,000 yuan/ton, and the price of hydrofluoric acid in the northern market is 13,000-13,500 yuan/ton. The domestic market price of hydrofluoric acid rose, and the supply of spot goods was normal. Due to the recent high price of raw materials, the price of fluorite continued to rise. The price of goods in some areas such as Jiangxi reached a high level of 3,300 yuan / ton, and the price of raw material fluorite rose sharply. It is good for the domestic hydrofluoric acid market, but the recent downstream refrigerant trading market is generally the same, the price of hydrofluoric acid products remains high. The price of some downstream refrigerants has increased, which has certain positive effects on upstream fluorite and hydrofluoric acid. Recently, the downstream refrigerant market as a whole is still stable, and the R22 refrigerant unit starts at 80%. The R22 market remains strong. The main manufacturer’s factory water supply price rose to 23,000-24,000 yuan / ton, but the production enterprises do not have scattered water spot, mostly in small quantities of steel bottles.

In addition, the market’s actual demand performance is not optimistic, and the shipping pressure is too large. The domestic R134a market price has risen steadily, the production rate of production enterprises is normal, the market keeps the supply and demand market better, and the manufacturers ship mainly by export. However, the transaction price on the floor did not change much, and the merchants purchased on demand. However, due to the impact of rising raw material prices, the market price of hydrofluoric acid rose. Chen Ling, a business analyst, believes that the raw material fluorite and downstream refrigerant industry will support the two-way, the hydrofluoric acid market will continue to rise, and the price of hydrofluoric acid will be 13,000-13,500 yuan / ton.

On October 14th, the hydrofluoric acid commodity index was 117.66, which was the same as yesterday. It was 16.21% lower than the highest point in the cycle of 140.43 points (2018-02-21), which was 119.56% higher than the lowest point of 53.59 points on November 30, 2016. . (Note: Period refers to 2011-09-01 to date)

According to statistics, the price trend of domestic hydrofluoric acid market has risen slightly in the near future. The domestic hydrofluoric acid operating rate is around 60%. The company reflects that the current supply of hydrofluoric acid in the market is normal, and the recent market conditions are generally in the market. A slight increase, the current mainstream of hydrofluoric acid in the southern region is about 12,500-13,000 yuan / ton, and the price of hydrofluoric acid in the northern market is 12,500-13,500 yuan / ton. The domestic market price of hydrofluoric acid rose, and the supply of spot goods was normal. Due to the recent increase in the price of raw materials, the price of fluorite continued to rise. The price of goods in some areas such as Jiangxi reached a high level of 3,300 yuan/ton, and the price of raw materials was greatly increased. Up, it is good for the domestic hydrofluoric acid market, but the recent downstream refrigerant trading market is generally, the price of hydrofluoric acid products remains high. The price of some downstream refrigerants has increased, which has certain positive effects on upstream fluorite and hydrofluoric acid. Recently, the downstream refrigerant market as a whole is still stable, and the R22 refrigerant unit starts at 80%. The R22 market remains strong. The main manufacturer’s factory water supply price rose to 23,000-24,000 yuan / ton, but the production enterprises do not have scattered water spot, mostly in small quantities of steel bottles.In addition, the market’s actual demand performance is not optimistic, and the shipping pressure is too large. The domestic R134a market price has risen steadily, the production rate of production enterprises is normal, the market keeps the supply and demand market better, and the manufacturers ship mainly by export. However, the transaction price on the floor did not change much, and the merchants purchased on demand. However, due to the impact of rising raw material prices, the market price of hydrofluoric acid rose. Chen Ling, a business analyst, believes that the hydrofluoric acid market will continue to rise, and the price of hydrofluoric acid will be around 13,500 yuan / ton.

First, the price trend

According to the price monitoring of the business community, the domestic methanol market has risen in a narrow range this week. The average domestic methanol market price at the beginning of the week was 3227 yuan/ton, and the weekend reported 3255 yuan/ton. The weekly increase was 0.85%, and the price rose 18.93% compared with the same period of last year.

Second, the market analysis

Products: At the current stage, the stocking of the market before the holiday has basically come to an end. Under the pre-sale background of most enterprises in the production area, coupled with the tighter transportation capacity during the holiday period, the short-term factories will perform more contract-based operations, and the new single-entry atmosphere will have some Weakening, the methanol market in the Mainland may be in a narrow range in the short term, and some of them will not be excluded from the forecast. The olefins start and limit gas should be closely watched. The port market has a high consolidation trend or continued, and support factors such as the delivery of paper goods at the end of the month and the strength of the external disk remain. Domestic methanol freight has changed in recent days, with local small increase of 10-30 yuan/ton, including Inner Mongolia Northern Line to Lubei freight reference 180-270 yuan/ton; South line to Lubei freight 190-230 yuan/ton; Shanxi local to Lu North 110-150 yuan / ton; Guanzhong to Lubei reference 140-190 yuan / ton; Guanzhong to Shandong southwest reference 170-180 yuan / ton.

Industry chain: Formaldehyde: The impact of environmental protection is still there, the downstream plates and other construction starts to remain low, and the demand for BDO is light, Shandong formaldehyde just needs to be shipped mainly; raw material methanol market is still acceptable, and formaldehyde is temporarily stable. Acetic acid: The domestic glacial acetic acid market has risen sharply. The company’s spot is still in short supply, and the short-term supply gap needs to be supplemented. In addition, the impact of the Jianye and Longyu installations continues. The downstream just needs to be steady. Due to the tight spot in the market, the price of small orders was significantly higher than the market range. Close to the double section, the downstream buying intention will be lightened, taking into account the holiday transportation problem. Dimethyl ether: The end-user inventory is in a saturated state. Most of the short-term downstream will mainly digest inventory. The seller’s sales and inventory are generally under pressure. The overall price of domestic dimethyl ether continues to decline. Considering the current strong trend of raw material methanol, the downstream space in the region Extremely limited.

Third, the market outlook

Business community view: positive, domestic supply: coking, limited production, natural gas supply and other news support is still in place, local areas reduce the burden; Shaanxi and Mongolia main production areas more maintenance, the region’s resource supply is relatively tight; foreign supply: horse During the overhaul of the oil plant, it will be restarted near the end of the month; Russia Tomask and Saudi IMC methanol plant will be repaired as scheduled, for one month, the international supply pressure is not large; raw materials: Recently, the industrial gas price in Southwest China has increased, and the cost of the enterprise is supported. Increase; futures Masukura up, sharply high in the afternoon, to a certain extent to boost the spot market; under the stocking before the holiday, the overall receiving atmosphere of the downstream is acceptable. Negative, demand side: Under environmental supervision, the downstream plate production in Shandong and Hebei areas is limited, affecting the demand for formaldehyde resources; and recently some domestic MTO reduction production, to a certain extent affect the digestion of methanol resources; supply: domestic aspects The partial maintenance equipment in Shandong resumed and restarted, and the supply of methanol resources in the area was enlarged; attention was paid to the resumption of maintenance projects in the northwest, Henan, and southwest. Internationally, the US Natural Gasoline unit is fully loaded and the supply is stable. The methanol analyst of the business community expects that the market will be strong when the two quarters approach and the merchants actively stock up.

On September 14, the domestic market for zinc metal rose, the average price of metal zinc in the domestic spot market was 21,627.50 yuan / ton, up 0.02% from the previous trading day; the average ex-factory price was 22,125.71 yuan / ton, compared with the previous trading day. The price rose by 0.03%.

On September 13, the zinc (market) commodity index was 123.51, up 1.35 points from yesterday, down 20.71% from the highest point of 155.77 points (2017-10-09) in the cycle, compared with 72.28 points on November 22, 2015. It rose by 70.88%. (Note: Period refers to 2011-09-01 to date).

On September 14th, the price of zinc rose. Recently, the zinc price fluctuated and adjusted. On September 14, the domestic zinc price rose slightly, and the price rose less than 10 yuan/ton. The price was basically stable. In September, the overall balance of supply and demand in the zinc market did not change significantly. The market performance struggled, and the zinc warehouse stocks rose, and the zinc market supply rose sharply. On September 14th, the stock price of zinc ingots in Shanghai futures market was 6,165 tons, and the inventory increased by 2005 tons. The futures zinc stocks rose sharply, but the zinc demand did not improve significantly. The market activity of zinc ingots was poor, and the overall transaction volume was low.

Market outlook: After the market outlook, market demand has not improved significantly, and zinc prices have not been able to rise. On the supply side, zinc stocks have seen significant growth in recent stocks. Shanghai futures zinc ingots have an inventory of 6,165 tons, and futures inventories have increased substantially. The zinc market is abundantly supplied, and zinc prices are insufficiently driven, which is a negative for zinc prices. The oversupply phenomenon in the zinc market has aggravated, and the risk of falling zinc prices in the market has increased. It is expected that the zinc price in the market will fall, and the price of zinc ingots will fall below the 20,000 yuan/ton mark in September.