According to the bulk list data of business society, as of April 28, the average quotation price of epichlorohydrin enterprises was 18400.00 yuan / ton, down 2.99% compared with the price on April 1, up 0.91% year-on-year in a three-month cycle, and up 20.26% compared with the same period last year.

In April, the epichlorohydrin market fluctuated and fell. In the first half of the month, the price of raw material propylene was mainly rising, the price of raw material glycerol was high, and there was some support on the cost side. The large factories in East China stopped, and the manufacturers had no inventory pressure. The market pushed up, but the actual gas buying in the downstream was general. In the second half of the month, the cost impact of propylene method was limited, the cost support of glycerol method still existed, the demand side restricted the market, the manufacturer’s inventory was not depressed, and the market rose, but the downstream demand did not improve significantly. The operating load of downstream epoxy resin was low, the shipment of goods holders was not smooth, and the epichlorohydrin market fluctuated and declined.

For upstream propylene, on April 27, the reference price of propylene was 8414.60, an increase of 2.61% compared with April 1 (8200.80). Manufacturers mainly ship, and downstream just need to purchase.

Downstream epoxy resin, according to the monitoring data of business society, on April 27, the reference price of epoxy resin was 25450.00, a decrease of 1.64% compared with April 1 (25875.00).

The epichlorohydrin analyst of business agency believes that at present, the raw material propylene is consolidated and operated, the price of glycerol is mainly stable, the cost support is OK, the downstream pre Festival procurement enthusiasm is general, the market atmosphere is quiet and cautious. It is expected that the epichlorohydrin market may be stable in the short term, and more attention should be paid to the guidance of market news.

1、 Price trend

According to commodity data monitoring, the price of titanium dioxide decreased slightly this month. At the beginning of the month, the average price of domestic titanium dioxide was 21100 yuan / ton, and at the end of the month, the average price was 21033.33 yuan / ton. The price decreased slightly within the month, with a range of 0.32%.

2、 Market analysis

The titanium dioxide market was basically stable this month, with a slight decrease. The trading situation in the domestic market is general and the market confidence is insufficient. Traders are more cautious in taking goods and wait-and-see. The downstream just needs to purchase, and the price remains stable. The actual transaction price is subject to single negotiation. Up to now, the factory quotation including tax of domestic rutile titanium dioxide is 20200-22000 yuan / ton; The ex factory quotation of anatase titanium dioxide including tax is between 18000-19500 yuan / ton.

In terms of titanium concentrate, the price of titanium concentrate in Panxi area decreased this month. At the beginning of the month, the average price of domestic 46 grade 10 titanium concentrate was 2390 yuan / ton, and at the end of the month, the average price was 2280 yuan / ton. The price decreased within the month by 4.60%. Titanium ore market is light, and the downstream market demand is poor. Purchase on demand. Up to now, the tax free quotation of 38 grade titanium ore is about 1550 yuan / ton, that of 46 grade 10 titanium ore is about 2260-2300 yuan / ton, and that of 47 grade 20 ore is about 2450-2550 yuan / ton. On the whole, the titanium ore market operates weakly and stably, the market is more wait-and-see, and the actual transaction price is discussed.

In terms of sulfuric acid, according to the bulk list data of business society, the domestic sulfuric acid market rose first and then fell this month. At the beginning of the month, the average price of domestic titanium dioxide was 1133.33 yuan / ton, and the average price at the end of the month was 1168.33 yuan / ton. On the whole, the price rose more or fell less during the month, with an increase of 3.09%. The upstream sulfur market has increased slightly recently, with good cost support. Some sulfuric acid manufacturers have insufficient operation and reduced load. The downstream hydrofluoric acid, titanium dioxide and ammonium sulfate Market have been consolidated at a high level, and the downstream procurement enthusiasm is good.

3、 Future forecast

Titanium dioxide analysts of business society believe that the market price of titanium ore is reduced, the price of sulfuric acid rises first and then falls, and the cost support is weakened. It is expected that the market price of titanium dioxide will be stable in the short term, and the actual transaction price will be negotiated.

According to the bulk commodity list data of business society, the overall formaldehyde Market in Shandong showed a downward trend in March. At the beginning of the month, the average price of formaldehyde in Shandong was 1447.50 yuan / ton, and at the end of the month, the average price of formaldehyde in Shandong was 1403.33 yuan / ton, down 3.50%, and the current price increased by 2.93% year-on-year.

formaldehyde

In April, the market price of formaldehyde in Shandong fluctuated downward. As can be seen from the above figure, formaldehyde fell for three weeks in April and only rose for one week, with a large overall decline. As of April 26, the mainstream market price in Shandong is 1350-1430 yuan / ton. In April, static management was implemented in some areas of Lanshan District, Linyi. The market supply was controlled by transportation, the circulation was not smooth, and the inventory in the factory was high. The manufacturers in Shandong Province recently adjusted the price and shipped, and the market showed a fluctuating and downward trend.

As of April 26, the market price summary of formaldehyde in various regions:

Region, Price

East China, 1490 yuan / ton

Central China, 1360 yuan / ton

Northwest China, 1350 yuan / ton

North China, 1360 yuan / ton

Upstream methanol: the domestic methanol market mainly fell in April. The market atmosphere is slightly deadlocked. Traders buy gas in general. In terms of spot goods, the production cost of methanol is weakened, the supply is relatively abundant, there is no significant change in the demand side, and the downstream just needs to purchase before May Day. Transportation is still limited in some areas. Methanol market may continue to decline weakly. Unable to support the cost of formaldehyde.

In April, the fluctuation of formaldehyde market was mainly affected by the methanol market, which fluctuated and fell. The transportation of finished materials in the downstream board factory was limited by public safety events, the inventory in the factory was high, the board factory had the intention of shutdown and vacation, the demand of formaldehyde factory continued to be weak, and the market fluctuated and fell.

Recently, the domestic methanol market is weak and the cost support is poor. Therefore, the formaldehyde analyst of the chemical branch of the business society expects that the recent formaldehyde price in Shandong will mainly fall slightly.

1、 Price data

As of April 24, the mainstream ex factory average price of domestic ground refined hydrogenated naphtha was 8323.33 yuan / ton, up 3.39% from 8050.75 yuan / ton on April 18. The actual transaction price of ground refined hydrogenated naphtha was about 8300-8400 yuan / ton.

As of April 24, the mainstream ex factory average price of domestic ground refined straight run naphtha was 8242.50 yuan / ton, up 4.24% from 7907.50 yuan / ton on April 18. The actual transaction price of ground refined straight run naphtha was about 8200-8300 yuan / ton.

On April 24, the naphtha commodity index was 102.73, up 0.9 points from yesterday, down 15.55% from the highest point 121.64 in the cycle (2022-03-10), and up 143.21% from the lowest point 42.24 on July 19, 2016. (Note: the period refers to the period from September 1, 2012 to now)

2、 Analysis of influencing factors

This week, the price of refined naphtha continued to rise, the naphtha market was well traded, refineries actively pushed up, the demand for terminal olefins and reforming increased, and some enterprises began to stock up before the festival.

Upstream: the international crude oil price fluctuates, the market is intertwined, the global economic recovery slows down, the Fed’s interest rate hike is expected to heat up, and the domestic epidemic depresses demand, and the oil price is under pressure. On the other hand, the EU is considering imposing an oil ban on Russia, tightening supply expectations, limiting the decline in oil prices, and the recent crude oil price range has fluctuated.

Downstream: according to the monitoring of the business agency, toluene continued to rise this week. The price of toluene was 7150 yuan / ton on April 15 and 7360 yuan / ton on April 22, up 2.94% from last week. Mixed xylene rose continuously this week. The price was 7140 yuan / ton on April 15 and 7420 yuan / ton on April 22, up 3.92% from last week. In the PX market, the market price trend of p-xylene was temporarily stable this week. As of the weekend, the ex factory price of domestic p-xylene was 9300 yuan / ton, up 45.31% year-on-year.

3、 Future forecast

According to the energy analysts of business society, the naphtha market was well traded this week, refineries actively pushed up, and the demand for terminal olefins and reforming increased. Some enterprises began to prepare goods before the festival, but the overall demand is general. It is expected that the refining of naphtha in the near future may be dominated by consolidation.

DBP prices rose first and then fell this week

According to the data monitoring of business agency, DBP prices rose first and then fell this week, and the overall DBP market fell. As of April 24, the price of DBP was 10116.67 yuan / ton, down 0.33% from 10150.00 yuan / ton on April 17 last weekend. The price of DBP fell this week and the plasticizer Market weakened.

The price of butanol fluctuated and rose this week

According to the price monitoring of business society, the price of n-butanol fluctuated and rose this week, and the market of n-butanol rose. On April 24, the price of n-butanol was 9633.33 yuan / ton, up 3.96% from 9266.67 yuan / ton on April 17 last weekend. This week, the price of n-butanol in Shandong fluctuated and rose, the cost of DBP rose, the downward pressure of DBP weakened, and the upward momentum increased.

The price of phthalic anhydride fluctuated and fell this week

According to the price monitoring of business society, the price of phthalic anhydride fluctuated and fell this week. The price of phthalic anhydride on April 22 was 8237.50 yuan / ton, down 2.66% from 8462.50 yuan / ton on April 15 last weekend. This week, the price of phthalic anhydride continued to decline in early April, the downstream plasticizer manufacturers started to adjust at a low level, the demand for phthalic anhydride was insufficient, and the price of phthalic anhydride fell. The cost of DBP raw materials decreased, the cost support of DBP weakened, and the downward pressure of DBP remained.

Future expectations

DBP data analysts of business agency believe that the plasticizer industry chain has started to operate at a low level recently, the supply and demand of plasticizer market are weak, the price of raw material n-butanol fluctuates and rises, the price of phthalic anhydride fluctuates and falls slightly, the price of raw materials stabilizes, the cost of plasticizer DBP rises first and then falls, and the price of DBP rises first and then falls. Generally speaking, the supply and demand of DBP industrial chain are both weak, and the cost of DBP is stabilizing. It is expected that the price of DBP will fluctuate slightly in the future.

From April 14 to April 21, 2022, the market price of antimony ingots in East China decreased, from 83750 yuan / ton last weekend to 83250 yuan / ton this weekend, down 500 yuan / ton, down 0.60%.

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 shown in the figure above, the price of antimony ingots continued to rise after the Spring Festival, and the rise trend stabilized in the later stage. It remained temporarily stable for nearly three weeks and began to decline this week.

This week, after three weeks of stable trend, the antimony ingot market fell under pressure this week. Since last week, weak market trading has occurred in areas with poor transportation in China, and traders’ enthusiasm for shipment has increased. The problem of poor transportation still exists this week, and it is difficult to effectively alleviate it in a short time. Affected by the production reduction in some areas in the downstream, the commencement is limited, the demand slows down, and the purchase on demand. Under the current situation of weak supply and demand, it is expected that the price of antimony ingot will remain high in the future.

Relevant information:

The follow-up treatment of abnormal antimony concentration in Danjiang has achieved stable results: according to the county and district governance and municipal monthly scheduling mechanism, on-site supervision is carried out on the follow-up treatment of abnormal antimony concentration in water gushing from caiwahe antimony mine in Danfeng County, wangshanggou River Basin antimony mine in Shangzhou District and Luoyugou mine in Shanyang County and the implementation of emergency disposal measures every month. Assign special personnel to be responsible for scheduling and statistics of personnel on duty, facility operation, reagent dosage and other information every day. From January to March 2022, more than 1280 person times were dispatched in the three counties and districts involving antimony, more than 1720 tons of chemicals were added, 127 times of sampling and monitoring were carried out, and the monitoring results were stable within the normal range. Through the follow-up normalized supervision and inspection, we have a comprehensive grasp of the treatment of abnormal antimony concentration in Danjiang, so as to ensure the effectiveness of the treatment and ensure the “sustainable northward movement of Yihong clean water”.

Lengshuijiang: strive to do a good job in “antimony industry development” and “environmental remediation”: on the 19th, our city held a scheduling meeting for the high-quality development of antimony industry. Yang Weilong, chairman of Municipal Association, stressed that all relevant functional departments should strengthen their responsibilities, act actively, and strive to do a good job in “antimony industry development” and “environmental remediation”. At the meeting, the relevant person in charge of the Municipal Bureau of science, industry and information technology reported on the development of antimony industry in our city. In December 2020, our city organized antimony smelting enterprises to sign a cooperation agreement with tin mine antimony products trading Co., Ltd. Since the signing of the agreement, the price of antimony products has increased significantly, from 35000 yuan per ton to more than 70000 yuan, and the current price remains at about 82000 yuan. From 2019 to 2021, the warehousing tax of antimony industry will achieve “three consecutive increases”. The participating units repeatedly demonstrated the difficulties and blocking points in promoting the high-quality development of antimony industry, and the on-site discussion was very enthusiastic. Yang Weilong stressed that all relevant departments should further strengthen their responsibilities based on their own functions, actively act, accelerate the approval of projects and land, and actively strive for project funds; The head of the unit shall rely on the front command and issue relevant preferential policies as soon as possible in accordance with laws and regulations; We should quickly set up special classes and groups, further sort out the key work, clarify the list of responsibilities, and ensure that the tasks are completed according to the time node; We should come up with practical opinions and plans, scientifically, reasonably and effectively promote the establishment of tin mine nonferrous Industrial Park, drive the further development of antimony deep processing industry, improve the voice and pricing power of antimony products, and strive to do a good job in the two articles of “antimony industry development” and “environmental remediation”.

The first large-scale mining project in Tajikistan has been put into operation: Recently, the Kangqiao Qi antimony gold mine project of China Tajikistan joint venture – Tajikistan aluminum and gold industry has been completed and put into operation. It is expected that the annual ore processing capacity will be 1.5 million tons, with an annual output of 16000 metal tons of antimony and 2.2 metal tons of gold ingots. At present, the controllable antimony resources of Huayu mining industry have reached 434600 metal tons, and the annual output of antimony ore is about 21000 tons, accounting for nearly 15% of the global supply.

According to the monitoring data of business agency, as of April 20, the average ex factory price of n-butanol in Shandong was 9633 yuan / ton. Compared with the price on April 15 (the reference average price of n-butanol was 9266 yuan / ton), the average price increased by 367 yuan / ton, or 3.96%.

It can be seen from the data monitoring chart of business agency that this week, the domestic n-butanol market in Shandong ushered in a rising operation. On the 18th of the week, some n-butanol factories in Shandong raised the ex factory price of n-butanol by about 200-400 yuan / ton. The ex factory price of n-butanol in Shandong was around 9400-9600 yuan / ton. On the 19th and 20th, the domestic n-butanol market in Shandong continued to rise steadily, and the trading atmosphere of n-butanol improved, The downstream ushered in phased stock, and the low-end price was well traded. As of the 20th, the ex factory price of n-butanol in Shandong Province was around 9600-9700 yuan / ton, and the price increased by 200-500 yuan / ton this weekend, an increase of 3.96%. At present, the inventory of n-butanol in the plant has been reduced, the supply pressure of the factory has been relieved, and the quotation is mainly firm.

In terms of upstream propylene, in this week, the domestic propylene market in Shandong was running upward. According to the data monitoring of business agency, the reference price of propylene in Shandong was 8471 yuan / ton on April 19, up 3.29% compared with April 1 (8200 yuan / ton). According to the analysis of propylene supply and demand, the price of crude oil fluctuated and rose, especially the price rose sharply again at the weekend, with strong cost support. In terms of bad news, the downstream demand follows up slowly, mainly just demand. Recently, affected by the epidemic, the traffic in some areas is not smooth, and the factory operating rate is reduced.

Future analysis of n-butanol

At present, some n-butanol units in Shandong are shut down, and the limited factors of logistics and transportation still affect the supply and demand circulation of n-butanol in the field. After a short period of goods preparation in the downstream, the demand is mainly on the sidelines. The n-butanol data division of business society believes that in the short term, the domestic n-butanol market in Shandong is mainly consolidated and operated in multiple intervals, and the specific trend needs to pay more attention to the changes of supply and demand.

This week (4.11-4.18), the CIS polybutadiene rubber market fell slightly. According to the monitoring of business agency, as of April 18, the price of CIS polybutadiene rubber in China was 14420 yuan / ton, down 1.17% from 14590 yuan / ton last Monday.

This week, the ex factory price of CIS polybutadiene rubber of domestic enterprises was lowered. According to the monitoring of business agency, as of April 18, the ex warehouse price of Qilu Shunding of Sinopec North China sales company was 14300 yuan / ton. The price of raw butadiene fell, the demand side was weak, and the price of CIS polybutadiene rubber decreased slightly.

This week (4.11-4.18), the start-up of domestic cis-1,4-polybutadiene rubber plants was relatively low, and the cis-1,4-polybutadiene plants such as Haopu, Lande and Jinzhou were shut down, resulting in little pressure on the supply side.

This week (4.11-4.18), the high price of butadiene fell and the cost side weakened. According to the monitoring of business society, as of April 18, the price of butadiene was 9791 yuan / ton, down 10.42% from 10930 yuan / ton last Monday.

The natural rubber market rose slightly this week (April 11-april 18). According to the monitoring of the business agency, as of April 18, the price of natural rubber was 12910 yuan / ton, up 0.23% from 12880 yuan / ton last Monday.

Future forecast: business analysts believe that the decline in raw material prices, weak cost support, limited downstream start-up and weak demand, but there is little pressure on the supply side. It is expected that the price of polybutadiene rubber will fluctuate and consolidate in the short term.

According to the monitoring data, the commodity index of polyaluminium chloride on April 15 was 126.96, unchanged from yesterday, down 10.99% from the highest point 142.64 in the cycle (2021-11-01), and up 50.57% from the lowest point 84.32 on August 18, 2020. (Note: the period refers to the period from April 1, 2019 to now)

As shown in the figure, according to the monitoring data of business society, the domestic market of polyaluminum chloride increased slightly in the first half of April, and the domestic mainstream quotation of solid (industrial grade, content ≥ 28%) polyaluminum chloride was adjusted from 2373.75 yuan / ton to 2348.75 yuan / ton, with a slight decrease of 1.05% in the first half of April. At present, the manufacturer’s production is relatively normal, the spot inventory is relatively sufficient, public health events affect the transportation and circulation of goods, delivery is difficult, and the cost increases.

Industrial chain: in terms of upstream raw materials, the monitoring data of hydrochloric acid: business society showed that the domestic hydrochloric acid market fell in the first half of April, and the quotation fell from 345 yuan / ton at the beginning of the month to 310 yuan / ton, a decrease of 10.14%. From the manufacturer’s quotation, the current domestic hydrochloric acid market price is temporarily stable; The recent market of upstream liquid chlorine has increased slightly, the cost support has been strengthened, the market of downstream ammonium chloride has increased slightly, and the purchase intention is good. The analysis shows that the short-term shock rise of hydrochloric acid is mainly in the future.

Liquefied natural gas is used in the production process. According to the data monitoring of business agency, the domestic LNG market fell endlessly in the first half of April, from 7374 yuan / ton at the beginning of the month to 6804 yuan / ton. Although there was a slight rebound in the middle of the month, the overall decline in the first half of the month was 7.73%. At present, the logistics has gradually recovered, the shipment of liquid plants has turned positive, and the price has rebounded and rebounded. At the same time, some liquid plants in some regions have maintenance plans, there is support on the supply side, and the domestic liquid market is relatively strong. It is expected that the domestic LNG market may continue to rise slightly in the short term.

Future forecast: the current public health events have a significant impact, the circulation of goods is blocked and the transportation cost is increased. The demand has been reduced to some extent due to the impact, and some manufacturers are under great pressure to ship; Polyaluminium chloride market will be stable for the time being, supplemented by small adjustment.

Recent price trend of calcium carbide

As can be seen from the above figure, the factory price of calcium carbide in Northwest China fell slightly this week. This week, the average ex factory price of mainstream calcium carbide manufacturers in Northwest China fell from 4216.67 yuan / ton last weekend to 4133.33 yuan / ton this weekend, down 1.98%, up 3.33% year-on-year compared with the same period last year. On April 14, the calcium carbide commodity index was 110.04, unchanged from yesterday, down 48.15% from the highest point of 212.23 in the cycle (2021-10-26), and up 98.31% from the lowest point of 55.49 on March 14, 2016. (Note: the period refers to the period from September 1, 2011 to now)

The upstream cost support was strengthened, and the downstream market fell slightly

From the manufacturer’s quotation, the factory price of calcium carbide in Northwest China fell this week: oviganon quoted 4200 yuan / ton of calcium carbide this weekend, which fell 100 yuan / ton compared with last weekend; Inner Mongolia Zhonglian offered 4100 yuan / ton of calcium carbide this weekend, which fell by 100 yuan / ton compared with last weekend; Ningxia Xingping calcium carbide quoted 4100 yuan / ton this weekend, down 50 yuan / ton compared with the beginning of the week.

From the upstream raw material market, the market of Lantan rose slightly this week. The quotation of Shenmu small materials this weekend is 1780 yuan / ton, which is 30 yuan / ton higher than that last weekend; The quotation of CMCC this weekend is 1820 yuan / ton, which has increased by 20 yuan / ton compared with last weekend; The quotation of bulk materials this weekend is 1830 yuan / ton, which is 30 yuan / ton higher than that last weekend. The price of upstream raw materials rose slightly and the cost support was good, which had a positive impact on the price of calcium carbide.

From the downstream market, the ex factory price of PVC fell slightly this week. This week, the ex factory price of PVC fell from 9020.00 yuan / ton last weekend to 8970.00 yuan / ton this weekend, down 0.55%, up 2.08% year-on-year compared with the same period last year. The price of PVC fell slightly this week, the enthusiasm of downstream customers for calcium carbide procurement weakened, and the downstream PVC market had a negative impact on the price of calcium carbide.

Downstream products have an upward trend, and calcium carbide may rise in the aftermarket or in a narrow range

In the middle and late April, the calcium carbide market may rise in a narrow range. The price of raw material blue carbon rose slightly, the cost support of calcium carbide increased, the downstream PVC market showed an upward trend, and the downstream demand increased. It is predicted that the price of calcium carbide in Northwest China may rise in a narrow range in the middle and late April.