According to the bulk commodity list data of the business agency, the formaldehyde Market in Shandong fell this week. At the beginning of the week, the average price of formaldehyde in Shandong was 1320.00 yuan / ton, and at the end of the week, the average price of formaldehyde in Shandong was 1300.00 yuan / ton, down 1.52%. The current price fell 7.36% month on month, and the current price fell 10.81% year on year.

formaldehyde

The market price of formaldehyde in Shandong fell this week. It can be seen from the above figure that formaldehyde has mainly fallen in recent two months, and the market continues to decline this week. As of May 26, the mainstream market price in Shandong was 1270-1350 yuan / ton. Recently, due to domestic public health incidents, the downstream plate factories have weakened due to the difficulty of cargo transportation, and the demand is low. The inventory in Linyi area is high, the warehouse removal is not smooth, and the market is weak and falling.

Summary of formaldehyde market prices in various regions as of May 26:

Region, Price

East China, 1390 yuan / ton

Central China, 1370 yuan / ton

South China, 1420 yuan / ton

Northwest China, 1300 yuan / ton

Upstream methanol situation: according to the monitoring data of business society, the average price of domestic methanol market recently was 2647 yuan / ton, and the market fell. The raw coal price and oil price are strong. The downstream Tianjin Bohai Chemical MTO is expected to be put into operation. At present, the supply side is relatively abundant. Under the current situation, the domestic methanol market may fall in the short term due to the game between supply and demand.

This week, the methanol market fell slightly, the cost support was general, the capacity utilization rate in the formaldehyde field was higher, the inventory increased, the operation of the downstream plate plant was at a low level due to the impact of public safety events, maintaining the rigid demand for procurement, the market trading atmosphere was cold, and the formaldehyde manufacturers took the initiative to reduce the quotation in order to ship, and the market continued to decline.

Recently, the domestic methanol market fluctuated and fell, and the demand of downstream wood panel plants was weak. Therefore, the formaldehyde analyst of the chemical branch of business society predicted that the recent decline in the price of formaldehyde in Shandong was mainly below.

According to the monitoring data of business agency, as of May 25, the average price of propylene oxide enterprises was 11633.33 yuan / ton, an increase of 0.87% compared with the price on May 20, a decrease of 0.29% compared with the price on April 25, and a year-on-year increase of 1.45% in a three-month cycle.

Recently (5.20-5.25), the propylene oxide market has been in a stalemate, the quotation of enterprises is mainly stable, and the price of some enterprises has increased slightly. Recently, the market of raw material propylene has fallen, the price of raw material liquid chlorine has fallen after rising, the cost support has weakened, the supply side is mainly stable, and the inventory has accumulated slightly and slowly. However, the multi inventory pressure of manufacturers is controllable, which supports the market mentality. The downstream demand is cold, the procurement enthusiasm is weakened, and the market is in a stalemate. On the 25th, the mainstream quotation of propylene oxide Market in Shandong is around 10800-10900 yuan / ton.

Upstream propylene, according to the monitoring data of business society, the reference price of propylene was 8200.60 on May 24, a decrease of 2.54% compared with May 1 (8414.60).

Downstream propylene glycol, according to the monitoring data of business society, on May 24, the reference price of propylene glycol was 12733.33, an increase of 12.68% compared with May 1 (11300.00)

The propylene oxide analyst of business society believes that at present, the cost support is weak, the inventory on the supply side is temporarily controllable, and the demand side is cold. It is expected that the propylene oxide market may be deadlocked and weakened in the short term.

According to the price monitoring of business agency, the price trend of sulfur in East China rose slightly this week. On May 22, the quotation of sulfur was 4006.67 yuan / ton, an increase of 2.21% during the week and 9.47% month on month compared with the price of 3920.00 yuan / ton at the beginning of the week.

The sulfur market continued to rise this week, the domestic supply was still tight, the refinery maintenance was concentrated, the output was limited, the enterprise inventory remained low, and the downstream demand was stable. At the same time, the port sulfur inventory was small, and the price was mainly high, which was good for the support of the sulfur market. The prices of refinery enterprises were sorted up during the week. As of the 22nd, the price of sulfur fixation in refineries in Shandong is between 4000-4100 yuan / ton, and the price range of liquid sulfur is 3900-4000 yuan / ton.

The sulfuric acid market operated weakly and stably this week, and the price trend was stable during the week. The quotation was 1072 yuan / ton on May 22, down 1.83% compared with last weekend. The inventory of domestic mainstream sulfuric acid manufacturers is general, the downstream demand is weak, and the overall market is weak during the week. The quotation of sulfuric acid manufacturers is reduced according to their own shipment.

The downstream phosphate fertilizer market rose strongly, with an increase of 7.99% in one week. The manufacturer’s inventory was tight, the downstream enterprises just needed to follow up, the supplier’s shipment was smooth, and the price trend of Monoammonium rose. Diammonium rose by 6.04% during the week. The supply of diammonium in the market was tight. Most enterprises suspended quotation and mainly exported orders. The increase of raw material price and the improvement of export supported the high-level operation of diammonium.

According to the sulfur analyst of business society, the supply of domestic sulfur market is tight, the enterprise inventory is low, the downstream demand is stable and positive, coupled with the high support of port sulfur, the operator’s mentality is optimistic. It is expected that the sulfur market will continue to operate strongly in the future, and pay attention to the market follow-up.

1、 Price data

As of May 22, the mainstream ex factory average price of domestic ground refined hydrogenated naphtha was 8180.75 yuan / ton, up 0.31% from 8155.75 yuan / ton on May 16. The actual transaction price of ground refined hydrogenated naphtha was about 8200-8300 yuan / ton.

As of May 22, the mainstream ex factory average price of domestic ground refined straight run naphtha was 8055.00 yuan / ton, which was stable compared with 8055.00 yuan / ton on May 16. The actual transaction price of ground refined straight run naphtha was about 8100-8200 yuan / ton.

On May 22, the naphtha commodity index was 100.97, unchanged from yesterday, down 16.99% from the highest point of 121.64 in the cycle (2022-03-10), and up 139.04% from the lowest point of 42.24 on July 19, 2016. (Note: the period refers to the period from September 1, 2012 to now)

2、 Analysis of influencing factors

The price of refined naphtha fluctuated this week, the naphtha market was in a strong wait-and-see mood, the terminal demand was not significantly good, the market transaction was general, and the refinery shipment was positive.

Upstream: the international crude oil price fluctuates, and the market focus has gradually got rid of the fear of demand, and the focus has gradually returned to the expectation of supply tightening. The short-term market is still affected by the expected impact of EU sanctions on Russian oil exports, and oil prices are strongly supported. The organization of Petroleum Exporting Countries (OPEC) warned that the market would see more than 7 million barrels of Russian oil and other liquid oil export losses per day. As the ability of many oil producing countries in the world to increase production rapidly is limited, the oil price may remain high in the foreseeable future, and the crude oil market price is strongly supported. Especially at present, the epidemic still plays a role, and the future demand may become the biggest constraint on the oil price. Of course, under the background of the Russian Ukrainian war, Russia’s oil supply is affected by intensive Western sanctions. The current situation is more complex. The impact of oil prices from the supply side will play a role in the long term to further offset the negative impact of the demand side.

Downstream: according to the monitoring of business agency, toluene rose broadly this week. The price was 7540 yuan / ton on May 13 and 7860 yuan / ton on May 20, up 4.24% from last week. The price of mixed xylene rose this week. The price was 7660 yuan / ton on May 13 and 7810 yuan / ton on May 20, up 1.96% from last week. In the PX market, the market price of p-xylene rose this week. As of the weekend, the ex factory price of domestic p-xylene was 9900 yuan / ton, up 6.45% from 9300 yuan / ton at the beginning of the week.

3、 Future forecast

According to the energy analysts of business society, the international crude oil price fluctuates, the naphtha market is generally traded, and the terminal is not significantly good. The market just needs procurement, and the market has strong wait-and-see mood. At present, there is procurement demand for local refining and reorganization, and it is expected that the local refining naphtha may rise slightly in the near future.

Price trend of domestic sodium pyrosulfite

According to the monitoring of the business agency, the price of domestic sodium pyrosulfite was strong this week. The average price of industrial grade sodium pyrosulfite was 3133.33 yuan / ton at the beginning of the week and 3150 yuan / ton at the end of the week, up 0.53% during the week.

The overall performance of domestic sodium pyrosulfite market this week is acceptable. The market price range of industrial sodium pyrosulfite is 2900-3400 yuan / ton, and most prices are concentrated near 3100-3200 yuan / ton. The enterprise inventory is about 30%, and the enterprise mainly completes the orders of old customers. (the above prices refer to the external quotations of domestic mainstream enterprises, and some unreported enterprises are not within their scope temporarily. The prices are for reference only and have nothing to do with the final pricing of manufacturers. Please contact manufacturers for details).

Since the beginning of May, the price of domestic soda ash has increased by 2.33% and the price of sulfur has increased by 11.71%. The continuous rise in the price of upstream raw materials will further support the market price of domestic sodium pyrosulfite in the future.

Future forecast

Business analysts believe that the cost of raw materials continues to rise, the downstream demand is stable as a whole, and the domestic market price of sodium pyrosulfite will continue to be stable, medium and strong in the short term.

From May 6 to May 13, 2022, the market price of antimony ingots in East China remained stable temporarily after falling. The price was 81000 yuan / ton last weekend and 80250 yuan / ton this weekend, down 0.93%.

The K-bar chart of commodity price uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investment according to the changes of K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall. As can be seen from the above figure, the recent upward trend of the antimony ingot Market around the Spring Festival entered a stable period after the middle of March, entered a downward channel in the middle of April, and the decline slowed down at the end of April.

Price of strategic small metal antimony in Europe this week (unit: USD / ton)

varieties., May 7, May 13, Rise and fall

European small metal antimony, 14800.,14600.,- two hundred

The price of strategic small metal antimony in Europe continued to decline this week, but the downward trend slowed down. By May 13, the price was $14600 / ton, down $200 / ton weekly. Industry insiders said that the recent reduction of overseas orders was obvious, and the overall market trading was weak.

The price of antimony ingot decreased slightly this week, and the trend continued the pre holiday decline. The decline of counter dyeing slowed down, but the overall situation is still in downward space. Basically, the current domestic traffic situation is gradually improving, while the passive production reduction of downstream manufacturers caused by tight supply at the mine end still affects the output of antimony ingots. The tight supply supports the price of antimony ingots and alleviates the recent downward trend to a certain extent. The specific resumption time is not available for the time being. Affected by the production reduction in some areas in the downstream, the overall commencement is limited, and the demand for antimony ingots slows down. Most of them maintain on-demand procurement, affecting the demand for antimony ingots and the market mentality. Under the influence of the weak overall trading in the upstream and downstream, it is expected that the antimony ingot Market will remain stable and weak after the festival, and the price will continue to be adjusted slightly.

Relevant information:

Guizhou Province issued the “14th five year plan” for heavy metal pollution prevention and control to solicit opinions from the public: in order to further promote the “14th five year plan” for heavy metal pollution prevention and control, Guizhou Provincial Department of ecological environment drafted the “14th five year plan” for heavy metal pollution prevention and control in Guizhou Province (Draft for comments) (hereinafter referred to as the “plan”), and now solicits opinions from the public. The deadline for public consultation is 18:00 on May 19, 2022. The plan clearly puts forward three prevention and control priorities: 1) key heavy metal pollutants. The key heavy metal pollutants to be prevented and controlled are lead, mercury, cadmium, chromium, arsenic, thallium and antimony, and the total amount of five key heavy metal pollutants such as lead, mercury, cadmium, chromium and arsenic shall be controlled. 2) Key industries. It includes six industries: Mining and beneficiation of heavy non-ferrous metals (mining and beneficiation of copper, lead-zinc, nickel cobalt, tin, antimony and mercury), smelting of heavy non-ferrous metals (smelting of copper, lead-zinc, nickel cobalt, tin, antimony and mercury), lead battery manufacturing, electroplating industry, chemical raw materials and chemical products manufacturing (calcium carbide (poly) vinyl chloride manufacturing, chromium salt manufacturing, zinc inorganic compound industry with industrial solid waste as raw material), leather tanning and processing industry. 3) Key areas. Hezhang County of Bijie City is the key area of heavy metal pollution prevention and control in the 14th five year plan. Among the key tasks, the plan proposes to strengthen the supervision and law enforcement of heavy metal pollution, and requires to strengthen the monitoring and early warning of heavy metal pollution. Local ecological and environmental departments shall install automatic monitoring systems for thallium, antimony and other characteristic heavy metal pollutants based on automatic water quality monitoring stations in the downstream of thallium and antimony related industrial enterprises or areas with dense solid waste distribution.

According to the monitoring data of business agency, as of May 18, 2022, the average ex factory price of domestic butanone market is 11666 yuan / ton. Compared with May 15 (the ex factory price of butanone is 12500 yuan / ton), the average price is reduced by 834 yuan / ton, a decrease of 6.67%.

It can be seen from the data monitoring chart of business society that this week, the domestic butanone market continued to be weak and fell. The downstream demand is weak, there are few new orders on the floor, the confidence of operators is suppressed, and the contradiction between supply and demand on the floor of butanone is revealed. The market began to decline all the way at the beginning of this week. Butanone factories and suppliers successively adjusted the price of butanone downward, with a reduction range of about 200-400 yuan / ton per day. As of the 18th, the ex factory price of domestic butanone was around 11500-11700 yuan / ton, with a cumulative decrease of 600-1000 yuan / ton during the week, with a decrease of more than 6% during the week. At present, the overall trading atmosphere in the butanone floor is still weak, the wait-and-see mood in the downstream is still there, and the new order transaction negotiation is mainly.

Upstream, the domestic liquefied gas market fluctuated this week. According to the monitoring data of business society, the reference price of liquefied gas was 6337.50 yuan on May 17, a decrease of 0.40% compared with May 14 (6362 yuan / ton).

Future analysis of butanone

At present, the downstream demand of butanone is general, and the downstream support is weak. Butanone analysts of business society believe that in the short term, the domestic butanone market will mainly adjust and operate in a narrow range, and more attention should be paid to the basic changes in the supply and demand of butanone.

According to the price monitoring of business agency, the price trend of sulfur in East China continued to rise this week. On May 13, the quotation of sulfur was 3853.33 yuan / ton. Compared with the price of 3703.33 yuan / ton at the end of last week, it increased by 4.05% during the week and 9.78% month on month.

This week, the sulfur market is relatively strong, the maintenance of domestic refineries is concentrated, the output is limited, the enterprise inventory is relatively low, the sulfuric acid market rises slightly after May Day, the demand for sulfur is stable and positive, coupled with the high sulfur price in the port, which supports the sulfur price market, and the quotation of refinery enterprises is sorted up during the week. As of the 13th, the price of sulfur fixation in refineries in Shandong is between 3750-3890 yuan / ton, and the price range of liquid sulfur is between 3760-3920 yuan / ton.

The sulfuric acid market fluctuated this week, and the price trend rose first and then fell. The quotation on May 13 was 1092.00 yuan / ton, down 8.24% compared with last weekend. The inventory of domestic mainstream sulfuric acid manufacturers is general, the downstream demand is weakened, and the overall market is weak during the week. Sulfuric acid manufacturers quote lower prices according to their own shipments.

The downstream phosphate fertilizer market is temporarily stable and wait-and-see. The ammonium market is stable on Monday. Downstream enterprises are cautious in procurement, mainly taking goods on demand, general market delivery and investment, limited new orders, and mainly issuing early orders. The market of diammonium was at a high level in the week. At present, the supply of diammonium in the market was relatively small, most enterprises suspended quotation, issued orders on behalf of others was nearing the end, the focus shifted to the export market, and the export orders increased, supporting the high-level operation of diammonium.

According to the sulfur analysts of business society, the inventory of domestic sulfur refineries is low, the market supply is tight, the downstream demand is stable, and with the high support of port sulfur, the operators are optimistic. It is expected that the sulfur market will continue to operate strongly in the future, and pay attention to the market follow-up.

1、 Price trend

According to the data of business agency, the domestic market price of maleic anhydride fell slightly this week. As of May 15, the average price of benzene hydrogenation maleic anhydride remained at 10233.33 yuan / ton, down 2.54% from the average price of 10500.00 yuan / ton on May 9 and 9.17% from the same period last month.

On May 15, the maleic anhydride commodity index was 96.40, unchanged from yesterday, down 42.08% from the highest point of 166.43 in the cycle (2021-12-15), and up 88.35% from the lowest point of 51.18 on April 14, 2020. (Note: the period refers to the period from September 1, 2011 to now)

2、 Analysis of influencing factors

This week, the domestic benzene maleic anhydride market started to decline. In the near future, the downstream unsaturated resin market has been basically stable, dominated by rigid demand. As of the 29th, the solid anhydride in Shandong was about 9500 yuan / ton, that in Jiangsu was about 9500 yuan / ton, that in Shanxi was about 9500 yuan / ton, that in Hebei was about 9500 yuan / ton, and that in South China was about 9500 yuan / ton.

Upstream, the price of pure benzene fell first and then rose this week. The average price of pure benzene was 8750 yuan / ton on May 6 and 8940 yuan / ton on May 13, up 190 yuan / ton or 2.17% from last week. In the later stage, the arrival of pure benzene is still small, the port inventory may continue to decline, and the price of pure benzene in East China remains relatively high. The lower reaches of Shandong Province prefer to purchase low-cost hydrogenated benzene, which drags down the pure benzene market and has a price difference with East China. The ex factory price of hydrogenated benzene in North China rose as a whole this week, from 8662.5 yuan / ton last weekend to 8700 yuan / ton this weekend, up 0.43% this week. In terms of n-butane, the price in Shandong was 6500 yuan / ton as of May 15.

3、 Future forecast

Analysts of maleic anhydride products of business society believe that at present, the domestic maleic anhydride market is mainly sorted out, and the downstream resin manufacturers are mainly in need of purchase. The production of Jiangsu maleic anhydride factory will be reduced, and the supply will be reduced, but there is no obvious benefit in the downstream resin. It is expected that the maleic anhydride market will be mainly sorted out in the near future.

According to the monitoring data of business agency, as of May 13, 2022, the average ex factory price of domestic butanone market is 12500 yuan / ton. Compared with May 9 (the ex factory price of butanone is 13100 yuan / ton), the average price is reduced by 600 yuan / ton, a decrease of 4.58%.

It can be seen from the data monitoring chart of business society that this week, the overall domestic butanone market was weak and fell. The downstream demand for butanone is insufficient, and there is a lack of limited support in the site. In addition, in May, some parking devices in the early stage started to operate one after another, and the supply of butanone in the site increased. Therefore, the contradiction between supply and demand gradually emerged. Starting from the 9th of this week, the quotation of butanone factory has been adjusted downward one after another, with a single day adjustment range of 200-300 yuan / ton. The trading atmosphere in the site is weak, and the mentality of the operators is general. As of the 13th of the weekend, The ex factory price of domestic butanone is around 12300-12500 yuan / ton, with a decrease of more than 4% in the week. At present, the downstream wait-and-see mood is heavy and the transaction atmosphere is general.

According to the monitoring data of the upstream liquefied gas market, the price of liquefied gas rose by 630.50 yuan in May, up from 630.00 yuan in May this week, according to the monitoring data of the domestic liquefied gas market.

Future analysis of butanone

At present, the supply and demand side of butanone and butanone is slightly deadlocked, and the domestic demand is generally boosted. The butanone data division of business society believes that in the short term, the market situation of butanone is mostly weak, mainly adjusted and operated in a narrow range, and more attention needs to be paid to the basic changes in the supply and demand side of butanone.