1、 Price trend

2、 Market analysis

According to the data of business agency, the domestic potassium sulfate market rose at a high level this week, and the spot price generally continued to rise. As of May 12, the average price of 50 particle samples of domestic potassium sulfate was 5333.33 yuan / ton, up or down by + 5.61% compared with the average price at the beginning of the month.

This week, the momentum of the domestic potash fertilizer market was OK. The operating rate of potassium sulfate Mannheim enterprises increased slightly, but remained below 50%, and the on-site supply continued to be tight. In terms of potassium chloride, due to the good purchasing enthusiasm of potassium carbonate and potassium nitrate enterprises in the near future, there are still few goods delivered by superimposed shipping, the on-site supply is limited, and the price continues to rise, which has a certain support for processing potassium sulfate enterprises. The impact of domestic health events this week was stable, and shipments in many places in East China gradually improved. The Russian Ukrainian Bureau in Eastern Europe is becoming more and more nervous. The export of potassium fertilizer producing areas is restricted to a certain extent, the arrival of imported potassium is affected, and the arrival of border trade is better than that of sea transportation. In terms of demand, the current on-site trading is general, and businesses try to report high prices.

3、 Future forecast

The potassium sulfate analyst of business agency believes that the high price of domestic potassium sulfate Market has risen this week, and the high price of potassium chloride has risen. The cost support of domestic potassium sulfate is relatively strong, the follow-up on the demand side is OK, and the supply side remains compact. The improvement of border trade and port transportation and arrival is limited. It is expected that the domestic potassium sulfate price may still be affected by the tight supply in the short term.

According to the data of the bulk list of business society, as of May 11, the average price of domestic industrial lithium hydroxide enterprises was 470000.00 yuan / ton, which was the same as that on May 5, decreased by 1.81% compared with that on April 11, and increased by 61.14% year-on-year in a three-month cycle.

After the festival, the domestic industrial lithium hydroxide Market was stable. In the near future, the price of spodumene in the upstream has been strong, with certain support on the cost side. The price of lithium carbonate in the upstream is still reduced, so we should strengthen the wait-and-see mentality of the market. The foreign lithium hydroxide market price is relatively strong, the domestic downstream procurement enthusiasm is general, the market trading atmosphere is light, and the negotiation focus of lithium hydroxide market runs smoothly.

For upstream lithium carbonate, on May 10, the reference price of lithium carbonate was 455000.00, a decrease of 1.94% compared with May 1 (464000.00). At the beginning of the week, the price of lithium carbonate was still lowered. At present, the market supply is still rising steadily, some new capacity is still being released, and the output of salt lake continues to rise. After the festival, some head manufacturers will negotiate the price of the long-term association. Some material manufacturers have not determined the order before the festival, and the lithium salt is still in a wait-and-see state.

The lithium hydroxide analyst of business society believes that the current high price of upstream spodumene has a certain support for the market mentality, but the weak consolidation of the upstream lithium carbonate market, coupled with the domestic downstream procurement wait-and-see, the demand side performance is light, which has suppressed the price rise. It is expected that the domestic industrial grade lithium hydroxide market price may stabilize and wait-and-see consolidation in the short term.

1、 Price trend

According to the monitoring data of business agency, the average ex factory price of domestic chlorinated paraffin 52 was 6687 yuan / ton on May 1, and the average ex factory price of domestic chlorinated paraffin 52 was 6687 yuan / ton on May 9. The price of chlorinated paraffin 52 was stable this week.

2、 Market analysis

After the festival, the price of chlorinated paraffin 52 is stable, and the price has not fluctuated much. At present, the raw material market is stable and good, and the cost support is favorable. Affected by the epidemic, some enterprises shut down their units and the supply of chlorinated paraffin decreased. The downstream demand is weak, and the on-site trading is cold. As of May 9, the ex factory quotation of chlorinated paraffin 52 in Anhui is about 7000 yuan / ton, that in Shaanxi is about 6800 yuan / ton, that in Northeast is about 6500 yuan / ton, and that in Shandong is about 6250 yuan / ton.

In terms of raw liquid wax, the price of liquid wax rose steadily this week and the market was stable. The market trading is active, and the downstream follows up on demand. In terms of raw liquid chlorine, the price of liquid chlorine increased steadily this week, and the market was good. The price of liquid chlorine in North China continued to rise and the transaction was good.

3、 Future forecast

The chlorinated paraffin analyst of business society believes that at present, the market of chlorinated paraffin raw materials is stable and the cost side support is acceptable. However, the demand side is weak and the supply of chlorinated paraffin is reduced. In the case of weak supply and demand, the chlorinated paraffin market is expected to be dominated by weak and stable operation in the short term.

In May, the domestic EVA market continued to rise. According to the monitoring data of business agency, the average ex factory price of domestic EVA was 23166.67 yuan / ton on May 1 and 24233.33 yuan / ton on May 9, with an increase of 4.60% and 18.40% compared with the same period last year.

As of May 9, the ex factory quotation of EVA is as follows:

Products, manufactor., model., Ex factory price

EVA., Yanshan Petrochemical, 18J3., 24500 yuan / ton

EVA., Beijing Organic, Y2022., 22000 yuan / ton

EVA., BASF Yangzi, V5110J., 26200 yuan / ton

After the May Day holiday, the domestic EVA market price rose periodically, and the trend was relatively strong. At present, the market is dominated by favorable factors. The first is the cost. The rise of international grievances during holidays has brought some support to the market. The ethylene market price is strong, the vinyl acetate Market is upward, and the raw material support is strong. The ex factory prices of petrochemical enterprises have increased significantly. In addition, the demand for photovoltaic materials is still strong, there is little change in market supply, and the spot performance is still tight, which brings obvious benefits to the market.

On the whole, the current cost has brought strong support to the market, and the market demand for photovoltaic materials is strong. The EVA spot market is still tight, and the spot market price is higher. However, the ability of the downstream to accept high prices is limited, and the overall trading atmosphere of the market is general, which brings some restraint to the rising market. The EVA market is expected to rise in a narrow range in the short term.

According to the bulk commodity list data of business society, the formaldehyde Market in Shandong fell first and then rose this week. The average price of formaldehyde in Shandong was 1376.67 yuan / ton at the beginning of the week, 1376.67 yuan / ton at the weekend, and the lowest price was 1366.67 yuan / ton. The current price rose by 3.56% month on month, and the current price rose by 0.49% year-on-year.

formaldehyde

The market price of formaldehyde in Shandong fell this week. It can be seen from the above figure that the recent market of formaldehyde fluctuated. This week’s market fell first and then rose, basically unchanged from last week. As of May 7, the mainstream market price in Shandong is 1300-1400 yuan / ton. Recently, the shipment situation in Shandong is OK, the inventory pressure is not large, the delivery of formaldehyde products is difficult, the shipment of formaldehyde manufacturers is under pressure, and the market continues to decline.

Summary of formaldehyde market prices in various regions as of May 7:

Region, Price

East China, 1460 yuan / ton

North China, 1360 yuan / ton

South China, 1420 yuan / ton

Northwest China, 1330 yuan / ton

Upstream methanol: the domestic methanol market fell first and then rose this week. The reference price of methanol market in Dongying, Shandong Province is 2760 yuan / ton, which is sent to cash exchange. The transaction in the methanol market in Zibo, Shandong Province was roughly 2760-2770 yuan / ton, which was sent to the spot exchange. The factory delivery of the local factory was stable to 2900 yuan / ton, and the transaction was flat. After May Day, downstream factories also have new demand for replenishment. The short-term methanol market may be explored slightly.

This week, the methanol market fell first and then rose, and the raw material price dominated the formaldehyde market. The early shipment in Shandong was good, and the inventory pressure of enterprises was not large. The downstream plate factory maintained a rigid need to purchase, and the formaldehyde manufacturers shipped normally. The formaldehyde market fell first and then rose with methanol.

Recently, the domestic methanol market has risen and the cost support is good. Therefore, the formaldehyde analyst of the chemical branch of business society expects that the recent formaldehyde price in Shandong is mainly higher.

1、 Price trend

According to the monitoring data of business agency, the average factory price of domestic ammonium sulfate was 1883 yuan / ton on April 1 and 1813 yuan / ton on April 28. The price of ammonium sulfate fell by 3.72% this month.

2、 Market analysis

The price of ammonium sulfate rebounded and rose after falling this month. In mid and early April, the price of ammonium sulfate fell and the market trend was poor. The downstream demand is reduced, there is no good news in the field, and the transportation is blocked due to many causes of the epidemic. The supply of Hexian grade ammonium sulfate is relatively small, new orders are limited, and the price is reduced from a high level. The bidding price of coking grade ammonium sulfate fell and the transaction was not ideal. Since late April, the price of ammonium sulfate rebounded and rose. Ammonium sulfate floor trading is smooth. In the peak season of domestic fertilizer use, the downstream shall follow up as needed. The bidding price of coking grade ammonium sulfate enterprises increased slightly, and the high price of self grade ammonium sulfate was mainly strong. As of April 28, the mainstream factory quotation of coking ammonium sulfate in Heilongjiang is about 1600 yuan / ton, and the mainstream factory quotation of ammonium sulfate in Shandong is about 1750 yuan / ton. The mainstream factory quotation of ammonium sulfate in Hebei is about 1700 yuan / ton. Hexene grade ammonium sulfate, the ex factory quotation in Shandong is 1800-1940 yuan / ton.

The raw material sulfuric acid market is good this month, and the cost support is favorable. The market price trend of downstream compound fertilizer rose this month, and most of them are still wait-and-see. The price of compound fertilizer raw materials is high, the cost support is favorable, and the market of compound fertilizer is strong. Due to the good raw material market, the enterprise plans to increase the quotation, and the market atmosphere is good. At present, it mainly sends early orders, the transaction focus generally moves upward, and the low price is less.

3、 Future forecast

The ammonium sulfate analyst of business society believes that at present, in the spring farming season, the trading atmosphere of ammonium sulfate is acceptable, there are many orders, and the demand side purchases on demand. The quotation of Hexian grade ammonium sulfate is firm, and the goods are shipped smoothly in the near future. The market trend of coking grade ammonium sulfate is good, and the transportation is blocked in some areas affected by the epidemic. It is expected that the price of ammonium sulfate will fluctuate and run upward in the short term.

According to the monitoring of business agency, the price of domestic anhydrous hydrofluoric acid rose slightly in April. By the end of the month, the market price of hydrofluoric acid was 11560 yuan / ton, up 1.23% from 11420 yuan / ton at the beginning of the month and 9.52% year-on-year.

In April, the price trend of domestic hydrofluoric acid rose slightly. By the end of the month, the mainstream price negotiated by various regions of domestic hydrofluoric acid was 10800-11300 yuan / ton, and the quotation of some manufacturers was higher than the market price. The actual transaction price on the floor this week mainly increased. Recently, the domestic spot supply of hydrofluoric acid has decreased, but the downstream acceptance is not high, and the market price of hydrofluoric acid has increased slightly.

Recently, the domestic spot supply of hydrofluoric acid in the field has decreased, some hydrofluoric acid units in the field have been shut down, and the manufacturer’s orders have increased more than before. Up to now, the mainstream of hydrofluoric acid negotiation in the south is 10800-11300 yuan / ton, and the price of hydrofluoric acid in the northern market is 10700-11200 yuan / ton. In April, the domestic hydrofluoric acid market price rose slightly, the downstream construction remained at a low level, the on-site transactions increased, and the hydrofluoric acid market price trend rose.

The market price of hydrofluoric acid raw material fluorite rose slightly. By the end of the month, the domestic fluorite price was 2593.33 yuan / ton, and the fluorite price rose by 1.42% in April. Recently, the domestic spot supply of fluorite was normal, but the logistics in some regions was limited, the spot on the site was tight, and the domestic fluorite price trend rose slightly. Up to now, the mainstream of domestic fluorite negotiation is 2500-2600 yuan / ton. The price of fluorite in the venue has risen, and the price trend of hydrofluoric acid in the venue has risen due to the support of raw materials.

The prices of downstream refrigerant products rose and fell, and the operating rate of the refrigerant industry in the field remained low. Recently, the sales of the automobile industry were normal, and the refrigerant market changed little. In terms of demand, it was mainly purchased on demand, and the refrigerant industry market fluctuated slightly. On the whole, the refrigerant market is mainly stable, and the price trend of chloroform is rising, which makes the cost of the refrigerant industry pick up. At present, the price trend of refrigerant R22 is rising. The start-up of major mainstream refrigerant manufacturers is still not high, and the market supply is normal, but the demand is mainly on demand. The demand in R22 market application field has increased slightly. Some manufacturers have raised the ex factory price, and the price of mainstream manufacturers has changed little. Up to now, the market quotation of R22 is in the range of 17500-18500 yuan / ton. The price trend of R134a in China has declined, the price of trichloroethylene has maintained, the cost is under pressure, the phenomenon of closing and stopping the report of R134a has increased, the market price is temporarily stable, and the focus of trading is low. At present, the market quotation of R134a is in the range of 24000-27000 yuan / ton, the high price transaction is weak, the market sentiment is poor, the actual transaction is mostly profitable, and the downstream refrigerant market is still weak. Due to this, the price of hydrofluoric acid has little increase.

From the perspective of the industrial chain chart, the price trend of fluorochemical industry has increased slightly, and the price of raw material fluorite has risen. However, the price of sulfuric acid raw material continues to rise, and the price of downstream refrigerant products has fluctuated. In addition, the recent decline in domestic hydrofluoric acid supply, Chen Ling, hydrofluoric acid analyst of business society, believes that the market price trend of hydrofluoric acid may rise slightly.

On April 28, the crude benzene industrial chain index was 149.06, down 1.18 points from yesterday, down 8.83% from the highest point 163.49 in the cycle (2021-09-22), and up 211.58% from the lowest point 47.84 on November 2, 2015. (Note: the period refers to the period from December 1, 2011 to now).

In April 2022, the crude benzene market fluctuated as a whole. The domestic ex factory price of crude benzene was 6715 yuan / ton at the beginning of the month and 6673 yuan / ton at the end of the month, with a monthly drop of 1.16%.

Summary of price adjustment of Sinopec pure benzene (unit: yuan / ton)

Date, Adjusted price, Adjustment amount

March 24, 8600.,+200

April 12, 8450.,-150

April 27, 8550.,+100

April 28, 8700.,+150

On April 28, 2022, the listing price of Sinopec pure benzene was increased by 150 yuan / ton and 8700 yuan / ton.

Other enterprises: HSBC Petrochemical offers 8750 yuan / ton, Jincheng Petrochemical offers 8450 yuan / ton, Weilian chemical offers 8523 yuan / ton, Xinhai Petrochemical offers 8550 yuan / ton, and Hongrun Petrochemical offers 8550 yuan / ton.

Crude oil: on April 28, the price of international crude oil futures closed up, with an obvious increase. The settlement price of the main contract of WTI crude oil futures in the United States was US $105.36/barrel, up US $3.34 or 3.3%; The settlement price of the main contract of Brent crude oil futures was US $107.26/barrel, up US $2.31 or 2.2%. The main reason was that there were rumors in the market that Germany joined the ranks of other EU Member States and the possibility of imposing an embargo on Russian oil increased, which exacerbated the market’s concerns about the expectation of tightening supply in the future.

Oil prices rose for three consecutive times this week. According to the monitoring of business news agency, WTI rose by 6.92% and Brent crude oil rose by 4.99%. Earlier, the US Energy Information Administration (EIA) report released on Wednesday showed that the growth of US commercial crude oil inventories was lower than expected. In addition, investors weighed the impact of the epidemic situation and anti epidemic blockade measures in some Asian countries and regions on the prospects of economic growth and energy demand, as well as the expectation of tightening energy supply caused by the Russian Ukrainian war. On the 28th, there were rumors in the market that Germany joined the ranks of other EU Member States to impose an embargo on Russian oil, which exacerbated the market’s concern about the expectation of tightening supply in the future.

The crude benzene market fluctuated this month. At the beginning of the month, the price fluctuated slightly between 6660-6800, and at the end of the month, the price rose first and then fell. In the first half of the month, affected by the wide-ranging fluctuation of crude oil, the focus of the domestic pure benzene Market weakened. In addition, in the same period, the domestic logistics in many places was greatly affected, and the regional price difference of domestic pure benzene was also obvious. The mainstream quotation range was 8300-8650 yuan / ton. In the first week after the festival, the bidding price of crude benzene was issued, and 7015-7020 yuan / ton was implemented in Shandong, up 75 yuan / ton from last week’s bidding price. After the middle of the year, the crude oil fluctuated significantly, and the commodity guidance became more and more unclear. Pure benzene was less affected by crude oil, mainly following the demand fluctuation. With the increase of bargain hunting in the downstream, the transaction volume of pure benzene market increased, the price rebounded slightly, and the transaction volume of pure benzene improved compared with the previous period. Local refining prices continued to rise, and the price difference with Sinopec narrowed. The mainstream price of domestic pure benzene was 8400-8550 yuan / ton, and the regional price difference narrowed. In terms of crude benzene, boosted by the industrial chain, the bidding price in Shandong was raised to 7160-7165 yuan / ton, with a slight increase of 240 yuan / ton. At the end of the month, due to the high cost pressure of downstream hydrobenzene enterprises, the arrival price of crude benzene in Shandong is generally high, so there is a strong resistance to high price crude benzene. In addition, the prices of downstream toluene and other commodities are lower, and the enterprise profit is limited. Therefore, the bidding price of crude benzene is reduced slightly at the end of the month, and 6930-6935 yuan / ton is implemented in Shandong, which is reduced again.

In terms of start-up: the start-up of coking enterprises in this month is generally low at the beginning of this month, which is mainly affected by the difficulty of upstream coking coal procurement. At the end of the month, the transportation of coking coal in the main production areas resumed, and the overall operating rate rebounded significantly.

In the future, the business agency believes that at present, pure benzene is obviously affected by the fluctuation of crude oil trend, and the downstream purchase intention has rebounded to a certain extent. Superimposed on the demand for replenishment before the festival, the price of pure benzene has risen recently, which is supported by good fundamentals. If crude oil continues to rise or support the industrial chain to rise, it still depends on the actual demand and profit of the downstream. It is expected that the crude benzene market will be dominated by strong operation. The follow-up will focus on the price trend of crude oil and external market, and the impact of domestic logistics and transportation on the industrial chain.

In April, the price of orthobenzene fell continuously

According to the price trend chart of o-xylene in business society, the price of o-xylene fell sharply twice in April, and the price of o-xylene fell by 800 yuan / ton in April. The decline was 8.89%. On April 29, the price of o-benzene was 8200 yuan / ton. In April, the demand for orthobenzene was weak, and the orthobenzene market fell sharply.

Mixed xylene prices fluctuated and fell in April

According to the trend chart of mixed xylene in business society, the price of mixed xylene fluctuated and adjusted in April, and the overall mixed xylene market fell. As of April 29, the price of mixed xylene was 7330 yuan / ton, down 6.74% from 7860 yuan / ton on April 1 at the beginning of the month. In April, the price of mixed xylene fell, the cost of o-xylene fell, and the downward pressure of o-xylene increased.

Downstream phthalic anhydride prices continued to fall

As can be seen from the price trend chart of phthalic anhydride in business society, the price of phthalic anhydride continued to decline in April. As of April 29, the price of phthalic anhydride was 8137.50 yuan / ton, down 6.87% from 8737.50 yuan / ton on April 1 at the beginning of the month. In April, the price of phthalic anhydride fell, the demand for o-xylene was weak, and the pressure of o-xylene decline was great.

Outlook

Analysts of o-xylene data of business society believe that the price of mixed xylene fell in April and the raw material cost of o-xylene fell; The price of downstream phthalic anhydride fell, the demand for o-benzene was weak, and the pressure of o-benzene decline increased. In general, the cost of orthobenzene decreased, the demand was weak, and the price of orthobenzene fell sharply. In the future, the crude oil price remains high, the decline space of ortho xylene raw materials is limited, the resumption of work and production is less than expected, and the downstream demand is weak. It is expected that the price of ortho xylene will fluctuate and decline slightly in the future.

According to the monitoring data of business agency, the price trend of TDI in East China decreased slightly this week. As of April 29, the average market price in East China was 17775 yuan / ton, a decrease of 3.27% during the week and 10.11% month on month compared with 18375 yuan / ton at the end of last week.

During the week, the TDI market was weak. Affected by public health events, the on-site logistics and transportation were blocked, most of the terminal industries were depressed, there were few foreign trade export orders, the market demand continued to be weak, the enthusiasm for goods preparation before May Day was not high, the goods holders offered profits for shipment, the offer was lowered, the on-site trading atmosphere was still flat, and the TDI market was in a stalemate. As of the 29th, the quotation range of domestic goods in the distribution market in East China is about 17000-17200 yuan / ton, and the quotation range of Shanghai goods is 17500-17600 yuan / ton, mainly based on actual order negotiation. The dealer’s quotation will rise with the market news, and will be sorted down within the week.

The upstream toluene market was sorted upward, and the price rose first and then fell during the week. As of April 29, the average domestic price of toluene was about 7310 yuan / ton, up 0.27% from the price at the end of last week. At the beginning of the week, the international crude oil was under pressure, but the gasoline price in Shandong rose, which gave good support to the toluene Market. However, in the later stage, the downstream demand was weak, coupled with logistics restrictions, the methanol quotation was reduced, and the domestic toluene market fluctuated as a whole.

According to the analysis of TDI data division of business society, at present, the downstream demand of domestic TDI market is weak, the terminal purchase is just needed, there is no pressure on the supplier’s inventory for the time being, and the goods holders sell goods at a profit. However, due to logistics restrictions, the market trading progress is slow, and the on-site operators have a strong wait-and-see mentality. It is expected that the short-term TDI market will wait and see the consolidation and operation, and the future market trend will pay attention to the downstream follow-up.