In the second half of 2020, looking back on the first half of 2020, the market of DME is relatively low, and the overall trend is fluctuating and falling, especially after the Spring Festival, it is on the way down “never to return”. On January 1, 2020, the average market price of dimethyl ether in Henan Province was 3116.67 yuan / ton, and on June 7, 2243.33 yuan / ton, down 28.02% during the period, with an earthquake amplitude of 32.83%.

The market price of dimethyl ether breaks the new low in 8 years

According to the data monitoring of the business agency, by June 7, 2020, the price of dimethyl ether had broken the new low level in the past eight years. On June 7, 2012, the average market price of dimethyl ether was 4231.25 yuan / ton, and on June 7, 2020, the average market price was 2243.33 yuan / ton, with a decline of 46.98% during the period and an earthquake amplitude of 55.98%. As can be seen from the above figure, since October 2018, DME has been greatly affected by the policy, and the market price has declined broadly.

The market trend in the first half of 2020 can be divided into four stages

Overall, in the first half of 2020, the market of DME can be divided into four stages: the first stage is from January 1 to February 3, during the period from New Year’s day to the Spring Festival, the trend of DME shows a fluctuating upward trend; the second stage is from February 3 to March 31, after the Spring Festival, the market continues to be depressed, and the trend shows a continuous downward trend; the third stage is from April 1 to April 19, affected by the products of the industrial chain, DME ushers in the market The fourth stage is from April 19 to June 8. After the DME market returns to rationality, it goes down again.

The short-term “success” in 2020

After new year’s day and before the Spring Festival, the trend of dimethyl ether is in an upward trend. Continuing the upward trend at the end of 2019, dimethyl ether ushered in a “good start” in 2020. Before the Spring Festival, the international crude oil continued to push up, supporting the domestic gas price to go higher. In addition, the Saudi Aramco CP price rose sharply in January, which promoted the continuous rise of civil gas. Dimethyl ether was boosted by the second best, and its price kept rising. Subsequently, civil gas fell, but dimethyl ether did not follow the decline, but continued to rise. Before the festival, manufacturers stopped one after another, so that the original low operating rate of dimethyl ether continued to decline, and the market supply was limited, which brought good support to the market. The manufacturer’s shipment is smooth, the stock is free of pressure, the price is firm and up until the Spring Festival.

Large reduction of terminal demand, DME “rising trend no longer”

After the Spring Festival, the trend of dimethyl ether showed a continuous downward trend. Affected by the social and public health events, the Spring Festival holiday is extended, the transportation of all cities is closed, the downstream is in a state of overall shutdown, and the terminal demand is greatly reduced. Although the operating rate of DME is at a low level at this time, the transaction atmosphere is light, and the market is still in a situation where supply exceeds demand. At the end of February, the international crude oil plunged sharply, and the civil gas market once again fell into a deadlock due to this impact, with the overall downward trend as the main trend. The price difference between gas and ether has gradually narrowed, and the market of dimethyl ether has “made matters worse”, once again under pressure. In March, with the development of social public health events, downstream enterprises have recovered, terminal demand has increased compared with the previous period, and DME manufacturers have basically entered the comprehensive production state. However, the international crude oil continues to decline, mainly falling, which depresses the decline of civil gas market. The price of gas and ether is basically the same, and the cost of methanol is also affected by this. The DME market has multiple negative effects, which is difficult to twist Turn the situation, mainly falling, some enterprises were forced to reduce production load.

Propylene skyrocketed and DME “followed the trend”

At this stage, DME ushered in the “irrational” upward market. At the beginning of April, the international crude oil soared, driving the cost of methanol and liquefied gas up for civil use. Affected by the Qingming holiday, the downstream storage and replenishment operation was more active in the market, the manufacturer’s shipment was more smooth, the inventory was released, and the price rose, but the increase was limited. The main reason for the sharp upward trend at this stage is that on April 12-14, the wide upward trend of polypropylene led to the sharp rise of propylene. Propane, as the upstream of propylene, also led to a sharp rise in the price during the period, while liquefied gas, driven by the sharp rise of propane, pushed up continuously, and the price difference between gas and ether gradually opened, which once again brought benefits to the market of dimethyl ether. Henan xinlianxin raised the factory price for four consecutive days, and dimethyl ether took advantage of the rising trend.

Market “return to rationality” price drops sharply

Due to the lack of substantial positive results in the third stage of the rise, the civil market of liquefied gas fell sharply, with dimethyl ether mainly falling, the market ushered in a rational correction, and the price fell sharply. With the completion of a new round of replenishment in the downstream, many of them have left the market to wait and see, with a more cautious attitude. In addition, during this period, the cost of methanol continuously bottomed out, and the supply and demand of civil gas market is unbalanced, mainly falling. Affected by seasonal factors, the weather is gradually warming, the terminal demand is reduced, and the replenishment cycle in the downstream is lengthened. DME is about to enter the “traditional off-season”, and the price is easy to fall and hard to rise. As of the end of May, the start-up of dimethyl ether in China was about 13%, down from last month, and the market start-up was at a low level.

As we all know, dimethyl ether can be mixed in liquefied gas as fuel, so the civil trend of liquefied gas has a deep impact on the market of dimethyl ether. As the raw material of dimethyl ether, the trend of methanol in the first half of 2020 is almost the same as that of dimethyl ether. After the Spring Festival, it is difficult to rise and mainly falls.

In the second half of the year, DME may fall first and then rise due to seasonal factors

According to relevant policies, dimethyl ether can only be used alone, not mixed with liquefied gas. However, it is understood that the main application of dimethyl ether Market is mixed with liquefied gas, and industrial use only accounts for a few. So in recent years, with the strengthening of national inspection on mixed gas, some small manufacturers have to shut down, and Henan is the main production area and main sales area of dimethyl ether. This policy However, it can only be digested in the province, which makes the survival of DME difficult and the overall level is low. But in the later stage, the mixed market is still not optimistic. In the short term, the trend of dimethyl ether is greatly affected by crude oil and liquefied gas. In the second half of the year, the trend of dimethyl ether may be strongly affected by seasonal factors, and the overall trend may fall first and then rise.

According to the data monitored by the business association, as of June 5, the average price of lithium iron phosphate, a high-quality power product in China, was 37000.00 yuan / ton. The recovery of the car market was slow, and lithium iron phosphate operated in a weak position. Compared with the same period last month, the price of lithium iron phosphate fell by 7.5% and 3000 yuan / ton. From May 25 to June 5, lithium iron phosphate fell by 2.63% and 1000 yuan / ton.

Recently, the price range of lithium iron phosphate power market is 35000-37000 yuan / ton, and the power market is still recovering slowly. The volume of trading is not high, and the price is temporarily stable. At present, the competition of lithium iron phosphate is fierce, and the production capacity is surplus. It takes a long time to digest the inventory in the early stage. The price is difficult to rise in a short period of time. It is understood that Xiangtan electrochemical is building a lithium iron phosphate with an annual output of 20000 tons The production line is expected to be put into operation in the second half of 2020. After the production line is put into operation, the total annual output of lithium iron phosphate will reach about 50000 tons. Xiangtan electrochemical Co., Ltd. is mainly engaged in battery materials and sewage treatment. In recent two years, it has made a significant improvement in battery materials business. The commencement of the production line of lithium iron phosphate in Xiangtan electrochemical Co., Ltd. has also added a competition to the lithium iron phosphate industry. Lithium iron phosphate batteries are At present, the most commonly used lithium-ion power battery for electric vehicles is mainly due to its good safety performance and low cost. The domestic giant enterprises that produce lithium iron phosphate mainly include BYD, GuoXuan hi tech, Ningde times, etc. the positive material of lithium iron phosphate does not contain cobalt. Because of the scarcity of cobalt, the cost of the positive material will increase by 40%, which is one of the reasons for the low cost of lithium iron phosphate battery At present, the technology of lithium iron phosphate is relatively mature, and the product competition is very stable.

Automobile competition is intensifying. In April 2020, the output of new energy vehicles will be 73000, a year-on-year decrease of 31%. From January to April 2020, the battery demand of passenger vehicles will be 9.32 million, a year-on-year decrease of 48%. In April, the ternary battery will account for 75%. Lithium iron phosphate is relatively weak in operation, but for ordinary consumers, people care more about the price economy, safety, high technology level and cost-effective experience, so The later market of lithium iron phosphate is more recognized by the industry.

The price range of the upstream lithium carbonate battery level is 41000-43500 yuan / ton. At present, the price of lithium carbonate is bearish, the market is pessimistic, businesses are actively shipping, the transaction price is close to the cost line, the space for the price to continue to decline is limited, and the enterprise is under pressure.

Compared with the same period last month, the price of lithium iron phosphate decreased by 7.5%, from 40000 yuan / ton to 37000 yuan / ton, a drop of 3000 yuan / ton, a drop of 2.63% compared with the beginning of last week, a drop of 1000 yuan / ton, and the chemical index on June 4 was 663 points, the same as yesterday, a drop of 34.74% compared with the highest point 1016 (2012-03-13), and a rise of 10.87% compared with the lowest point 598 on April 8, 2020. (Note: cycle refers to 2011-12-01 to now)

According to the analyst of lithium iron phosphate of business association, lithium iron phosphate, an excellent power product in China, will maintain stable operation in the short term. (the above prices are provided by the major manufacturers of lithium iron phosphate all over the country and analyzed by the analysts of lithium iron phosphate in the business. For reference only, please contact the relevant manufacturers for more details.)

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 May 29 was 6112.5 yuan / ton, up 12.26% from the beginning of the month, down 11.73% compared with the same period last year. On May 28, the PVC commodity index was 77.46, unchanged from yesterday, down 22.54% from the highest point in the cycle of 100.00 (2011-09-05), and up 32.93% from the lowest point of 58.27 on December 20, 2015. (Note: cycle refers to 2011-09-01 to

Spot price: the spot price of PVC rose in May, and the mainstream price was more than 6000 yuan / ton. According to the data monitoring of business agency, as of May 29, the main quotation range of domestic PVC is 5900-6200 yuan / ton. At present, the mainstream price of pvc5 carbide in Changzhou is around 6050-6170 yuan / ton, the interval price of pvc5 carbide in Hangzhou is around 6050-6130 yuan / ton, and the mainstream price of PVC ordinary carbide in Guangzhou is around 6180-6300 yuan / ton.

Futures: in May, PVC futures bottomed and rebounded, continued to rise, and fell back at the end of the month, but still at a high level. Pvcv2009 contract fell slightly on the 28th, closing at 6025 yuan / ton, compared with – 45 yuan on the previous trading day; trading volume was 201914 hands, + 62114 hands; positions were 203441 hands, – 9471 hands, basis difference was 45 yuan, + 25 yuan; 9-1 price difference was 100 yuan, – 25 yuan.

2、 Market analysis

In May, PVC bid farewell to the previous decline, bottomed out and rebounded. It rose all the way. The futures and spot markets rose at the same time. Both of them broke the 6000 mark. The center of gravity continued to move up, and the market trading atmosphere was good. This month’s rise was driven by multiple positive factors, such as the rebound of crude oil, the continuous rise of PVC futures, the gradual recovery of domestic market, the increase of demand, the continuous decline of social inventory, and the rise of raw material cost, which supported the rise of PVC. Near the end of the month, PVC futures soared and fell, the rise of the spot market slowed down, and some enterprises’ prices were slightly loose, but the firm price sentiment of the merchants was still the same, and the intention of low price was not strong. In May, PVC market continued to rise, the terminal demand acceptance ability was slightly insufficient, and the trading was cautious, mainly to digest the early increase.

May is the maintenance season for PVC enterprises. There are many maintenance enterprises and the output declines. The shortage of goods in South China continues. In June, there are still maintenance plans for enterprises, limited market arrival, little inventory pressure from manufacturers and good orders. Domestic downstream demand has basically recovered. Driven by real estate, the recovery of pipe enterprises is relatively fast. Other product industries are also actively recovering, and the export performance is still poor. After the recovery of foreign economy, the demand may increase. At present, in the game of supply and demand in PVC market, the prices are mostly stagnant in a short period of time.

On May 27, WTI crude oil futures market prices in the United States fell sharply, and the settlement price of major contracts was 32.81 yuan / barrel, down $1.54 or 4.5%. Brent crude oil futures market prices fell sharply, the settlement price of major contracts was $35.45/barrel, down $1.29 or 3.5%, mainly due to the unexpected increase in US crude oil inventory and tension between China and the US.

The crude oil market fell sharply, which could not support the cost of ethylene. However, the continuous rise of ethylene price was affected by the previous rise of crude oil price, and the impact of the fall of crude oil on ethylene has not been shown for the time being. Business analysts expect ethylene prices to fall in the next few months.

On May 29, the ex factory quotation of carbide in Northwest China rose slightly, up 25.00 yuan / ton, or 0.94% compared with the quotation on May 27. The lower quotation of the upstream Lancan market is consolidated and the cost support is insufficient, which has a negative impact on the price of calcium carbide. However, the price of PVC in the lower reaches is gradually rising, the demand of customers in the lower reaches for calcium carbide is rising, and the PVC market is rising, which plays a driving role in the price of calcium carbide. Calcium carbide prices are expected to rise slightly in shock.

According to the price monitoring of the business agency, in May 2020, there were 13 kinds of commodities in the list of commodity price rise and fall, among which 6 kinds of commodities increased by more than 5%, accounting for 35.3% of the number of commodities monitored in the board; the top 3 commodities were ABS (13.62%), PC (13.22%) and PVC (12.26%). There are 4 kinds of commodities falling on a month on month basis, and 2 kinds of commodities falling by more than 5%, accounting for 11.8% of the number of commodities monitored in the sector; the top 3 products falling were PP (fiber) (- 8.82%), PA66 (- 5.53%) and cis-1.12%, respectively. This month, the average rise and fall was 3.83%.

3、 Future forecast

PVC analysts of the business club believe that the current macroeconomic recovery, the fundamentals are OK, there is not much change for the time being. At the end of May, affected by the fall of PVC futures, the spot price is stable and moving slightly, but the positive factors are still there, and the future market still has upward expectations.

1、 Price trend:

On May 29, the hydrogenated benzene commodity index was 38.63, unchanged from yesterday, down 62.13% from 102.01 (2014-01-09), the highest point in the cycle, and up 28.81% from 29.99, the lowest point on April 7, 2020. (Note: cycle refers to 2013-12-01 to now).

2、 Market analysis:

In May 2020, the hydrogenated benzene market rose in shock. The ex factory price in North China was 3283.33 yuan / ton at the beginning of the month and 3500 yuan / ton at the end of the month, up 6.60% monthly.

Rise and fall of major domestic markets in May 2020

Price of product 1 day price 29 day price rise and fall unit: yuan / ton

East China 3350-3450 3500-3600 150 yuan / ton

Shandong 3000-3050 3400-3500 425 yuan / ton

Summary of Sinopec pure benzene price adjustment in May 2020

Price increase after date increase unit: yuan / ton

May 6, 3000200 yuan / ton

May 9, 3150, 150 yuan / ton

May 18, 3250100 yuan / ton

May 21, 3350, 100 yuan / ton

May 27, 3500, 150 yuan / ton

In May 2020, Sinopec raised the price of pure benzene for five times, with a cumulative increase of 700 yuan / ton. By the end of the month, Sinopec had implemented 3500 yuan / ton of pure benzene. The price of South Korea’s pure benzene was 407 US dollars / ton on the 29th day, up 70 US dollars / ton from the price on May 6.

Crude oil market continued to rise in May, with WTI rising to $34.06/barrel on the 29th from $19.78/barrel at the beginning of the month, up $14.28/barrel.

Crude oil rose $14.28/barrel in May, and closed at $34.06/barrel on May 29. Sinopec raised the price of pure benzene five times in May, with a cumulative increase of 700 yuan / ton. By the end of the month, Sinopec had implemented 3500 yuan / ton of pure benzene. The price of South Korea’s pure benzene on May 29 was 407 dollars / ton, 70 dollars / ton higher than that on May 6.

At the beginning of the month, the international crude oil shock rose, the pure benzene external market continued to rise, Sinopec 2 times raised the price of pure benzene, the price of raw material raw benzene before the price adjustment was coincided with the Labor Day holiday, some manufacturers did not make the price adjustment, the crude benzene increased after the holiday, the daily rise of 500 yuan / ton, and the pressure of hydrogenation benzene was relatively large, which was highlighted by all kinds of good news, and the price of hydrogenation benzene increased. The price of hydrogenated benzene in the area increased by about 300 yuan / ton, which coincided with the centralized purchase in the downstream after the festival and a good deal, and the hydrogenated benzene saw a wave of big increase.

After the middle of the year, the price of downstream styrene declined, the price of raw material crude benzene decreased, the cost pressure weakened, and the price of pure benzene operated weakly, which led to the high consolidation of hydrogenated benzene market and a slight decline of 100 yuan / ton in some markets.

After 18 days, with Sinopec increasing the price of pure benzene to 3500 yuan / ton for three times in a row, the peripheral international crude oil continued to rise, and the external price of pure benzene rose all the way. The external favorable factors stimulated the hydrogenated benzene to enter the channel of slight rise again. However, with some hydrogenated benzene enterprises in Shandong and Shanxi regions stopping in the early stage in late May, the market supply of hydrogenated benzene was relatively sufficient At present, the operation rate of the downstream styrene unit has reached about 90%, and the operation of other downstream phenol ketone, cyclohexanone and aniline is relatively stable. In the short term, there is no obvious change in the demand for hydrogenated benzene. In the case of sufficient supply, there is no strong support for the demand, and the hydrogenated benzene market has not entered the rising channel. The market price in Shandong Province has increased by about 100 yuan / ton.

3、 Trend Forecast:

The contradiction between supply and demand of crude oil is still prominent, and the problem of oversupply is still the primary problem that puzzles the oil market. With the reduction of production in oil producing countries and the restart of economy in more countries, the supply and demand of crude oil will tend to a new balance. It is expected that the price of crude oil will fluctuate in the future. The operating rate of hydrogenated benzene enterprises will increase in the near future, and the market supply will increase, but it is difficult for the downstream demand to increase significantly. The supply and demand level is under pressure Strong, driven by the external advantages of pure benzene and crude oil market alone, it is difficult to have a large market after hydrogenation of benzene, mainly stable consolidation.

Price trend:

According to the data monitoring of the business agency, the acetic anhydride market rose sharply in May and remained stable. At the end of the month, the price of acetic anhydride fell and the acetic anhydride market lost its support. As of May 29, the average price of acetic anhydride enterprises was 6275.00 yuan / ton, up 14.61% from 5475.00 yuan / ton at the beginning of the month, and up 33.10% from the same period last year. At the end of the month, the price of acetic anhydride fell, the rise of acetic anhydride was weak, and the market of acetic anhydride weakened.

Product analysis:

In May, the overall market of acetic anhydride was positive, and the price of acetic anhydride rose in shock. However, after late May, the price of acetic anhydride rose weakly, and the price of acetic anhydride remained stable and fell at the end of the month. At the beginning of May, the equipment of acetic anhydride enterprise started at a low level, some equipment of Yankuang mine was overhauled and less delivered, Wanglong acetic anhydride equipment was stopped, the overall supply of acetic anhydride manufacturers was reduced, the supply of acetic anhydride was tight, and the price of raw materials for acetic anhydride rose sharply. In May, the price of acetic anhydride rose sharply. The main ex factory price of acetic anhydride manufacturers increased from 5400 yuan / ton to about 6500 yuan / ton, and some manufacturers offered as much as 7000 yuan / ton. In late May, acetic anhydride manufacturers resumed construction, raw material prices fell, acetic anhydride rising momentum weakened, acetic anhydride prices weakened, acetic anhydride market lost support.

Price trend of raw materials:

It can be seen from the figure that in May, the acetic acid price of acetic anhydride raw material first rose and then fell, the overall acetic acid price remained stable, the methanol price fluctuated and fell after a small rise, the overall price fell, the overall acetic anhydride raw material price rose in the first and middle of may, the acetic anhydride cost rose, the acetic anhydride raw material price fell in the last ten days of May, the acetic anhydride cost fell, and the acetic anhydride market rose weakly.

Market Overview:

According to Bai Jiaxin, an analyst of acetic anhydride data in the business agency, acetic anhydride market rose first and then fell in May. In the early stage, acetic anhydride manufacturers started at a low level. The supply of acetic anhydride was insufficient, the supply of acetic anhydride was tight, and the price of acetic anhydride rose sharply. However, since late May, acetic anhydride manufacturers started to recover, and the price of acetic anhydride lost its support. However, the price of raw materials acetic acid and methanol fluctuated, the cost of acetic anhydride decreased, and the price of acetic anhydride decreased. In the future, the price of acetic anhydride is still at a high level, and there is a large space for the price of acetic anhydride to fall. It is expected that the price of acetic anhydride will fall sharply in the future.

1、 Price trend

The price of pure benzene has been raised twice this week, on May 18 and 21, respectively, by 1.81% and 2.37%, according to the data in the business club’s large list. On May 17, the listing price of pure benzene was 3100-3600 yuan / ton (average 3310 yuan / ton); on this Sunday (May 24), the listing price of pure benzene was 3300-3750 yuan / ton (average 3460 yuan / ton), up 4.53% from last week.

2、 Analysis and comment

1. Product: this week, the price of pure benzene continued to shake and consolidate. In the week, Sinopec experienced two times of increase in the price of pure benzene, with a total increase of 250 yuan / ton to 3350 yuan / ton, reducing the price difference with the local refining. Sinopec’s increase in the price of pure benzene has played a positive role in supporting the domestic price of pure benzene. But this week’s pure benzene negotiation is weak, the spot price of pure benzene is lower, and the price in the far month is higher. This week, pure benzene port inventory went up, tank capacity was tight.

3. Outside: on Friday (May 22), South Korea imported 404.67 US dollars / ton of pure benzene, up 26 US dollars / ton, up 6.87%; East China imported 406 US dollars / ton, up 24 US dollars / ton, up 6.28%.

3. Crude oil: this week, the overall oil price rose. Good news: all localities relaxed the blockade measures, the recovery of the part-time labor economy, and the growth of the demand for refined oil; and the production reduction activities continued to advance. However, the market is still oscillating, and crude oil fluctuated a lot in the week. Brent rose $2.665, or 8.83%, this week from May 15, while WTI rose $3.73, or 12.64%. Compared with December 31, 2019, Brent decreased by 50.8% and WTI by 45.29%.

4. Downstream industry: the styrene market price rose sharply this week and maintained stability. Under the favorable influence of “one belt and one helmet” in China, the price of styrene in the lower reaches has risen sharply, which has driven the price of styrene up. However, the situation of oversupply still exists, and there is a lack of interest support to maintain stability in the later period. On Tuesday, the price of styrene in Shandong was 5500 yuan / ton, 233.33 yuan / ton higher than last week, or 4.43%.

After more than two weeks of stable prices, on Thursday, the price of aniline in Shandong decreased by 200 yuan / ton. On Friday, Shandong’s price was 4400-4490 yuan / ton, while Nanjing’s price was 4600-4820 yuan / ton, down 3.6% from last week.

3、 Future forecast

1. Crude oil: there are signs that oil prices are rebounding, but the market is still volatile. Focus on us China trade relations and the OPEC meeting to be held on June 10.

2. On the market side: the center of cost has shifted up, and the profit level of downstream products is acceptable, which is favorable for the existence of support; however, the port’s high inventory has brought negative effects.

It is expected that the price of pure benzene will continue to fluctuate in the short term.

1、 Price trend

According to the price monitoring of the business agency, the average price of the mainstream manufacturers on May 22 was 15500 yuan / ton, up 4.49% from the beginning of the week (18th). The R22 commodity index on May 24 was 93.00, unchanged from yesterday, down 16.22% from the period’s highest point of 111.00 (2020-02-24), and up 11.51% from the lowest point of 83.40 on October 14, 2019. (Note: cycle refers to 2019-09-01 till now)

2、 Market analysis

Product: R22 market rose this week. The price of trichloromethane at the raw material end has risen sharply, which is good for the cost end. Because the price of R22 refrigerant in the early stage is close to the bottom, and the load of the manufacturer has been reduced, the supply of goods in the field is limited, so the merchants are reluctant to sell it. Considering the cost, the manufacturers are in strong emotion of pricing, and the price of R22 refrigerant has risen. However, the recovery of demand side is slow, the follow-up is insufficient, and the ability to accept the high-end price is limited, so the power for refrigerant R22 to keep rising is insufficient, mainly for consolidation. According to the price monitoring of the business agency, as of May 22, the average price of refrigerant R22 was around 15500 yuan / ton, and the quotation was mostly concentrated around 12000 yuan / ton – 16000 yuan / ton, which was discussed in detail.

Industry chain: trichloromethane market at the raw material end continues to rise, and the overall operating rate of the enterprise will be less than 50%. Among them, 440000t / a plant in Jinling, Shandong Province, 400000t / a plant in Luxi Chemical Industry, 280000t / a plant in Dongyue, Shandong Province, and 80000t / a plant in Jinmao, Dongying City have been shut down. The overall inventory of the industry is low, the market spot supply is tight, and the downstream purchase and stock up The situation is fair, with rigid demand as the main factor. In recent years, the price of hydrofluoric acid in China has declined unilaterally. The goods in the hydrofluoric acid field are generally sold. The domestic spot supply of hydrofluoric acid is sufficient. However, the demand of the downstream refrigerant industry is not good. The market price of hydrofluoric acid is low. In addition, the price of raw material fluorite is falling. The market price of hydrofluoric acid is affected by certain negative effects. The price of hydrofluoric acid in China is slightly lower. As of May 21, the negotiation of hydrofluoric acid in southern China has been completed The mainstream is 7500-8000 yuan / ton, and the price of hydrofluoric acid in the northern market is 7500-8500 yuan / ton.

Industry: according to the price monitoring of the business agency, in the 20th week of 2020 (5.18-5.22), there are 32 kinds of commodities in the list of rise and fall of bulk commodity prices in the chemical industry sector, including 5 kinds of commodities with a rise of more than 5%, accounting for 5.6% of the number of commodities monitored in the sector; the top three commodities are crude benzene (11.37%), chloroform (9.52%) and hydrogen peroxide (7.11%). There are 24 kinds of commodities with a decline in the aspect ratio, and the top three products are polysilicon (- 4.49%), light soda (- 3.75%) and aniline (- 3.60%). This week’s average was 0.74%.

3、 Future forecast

According to the refrigerant analyst of business club, at present, the raw material end of refrigerant R22 is rising, and the cost end is good for support, but the demand end is not enough to follow up, mainly digesting the previous increase. It is expected that the price trend of refrigerant R22 will be strong and stable in the short term.

1、 Price trend

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

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

2、 Market analysis

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

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

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

3、 Future forecast

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

1、 Price trend

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

2、 Market analysis

（1） Products:

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

（2） Industrial chain:

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

3、 Future forecast

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

1、 Price trend

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

2、 Market analysis

（1） Products:

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

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

（2） Industrial chain:

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

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

3、 Future forecast

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