The nickel price fluctuated like a roller coaster in March

1、 Trend analysis

 

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According to the nickel price monitoring of business society, the nickel price fluctuated sharply in March. At the beginning of the month, the nickel price was 179916.67 yuan / ton. At the end of the month, the nickel price rose slightly to 221933.33 yuan / ton, with an overall increase of 23.35% and a year-on-year increase of 22.13%. On March 9, the spot price of nickel once reached a historical high of 310116.66 yuan / ton, and fell back to 240000 yuan the next day.

 

The abnormal fluctuation of nickel price this month is mainly due to the concern of Russian nickel supply and low global inventory, which are the core drivers of the rise of nickel price: due to the repeated situation in Russia and Ukraine, the risk of reducing the output of overseas nickel refineries has increased, and the possibility of logistics shutdown also continues to push up the nickel price; In addition, the global refined nickel inventory continued to decline, at an all-time low, which further exacerbated nickel supply concerns and led to a crowded rise. In addition, the sharp rise in energy prices supports the cost of metals. Therefore, under the joint boost of supply and demand, cost and other factors, the crazy influx of long funds and the hit of long stop loss were made, and the price rose strongly. In addition, Glencore forced the Castle Peak in Zhejiang, and the Russian Ukrainian war gave bulls an opportunity. Therefore, lunni staged an epic market. On March 7, lunni futures soared by more than 88% overnight, hitting a record high of US $55000 / ton. On March 8, LUNI nickel once broke the US $100000 / ton mark, with a daily increase of 110%.

 

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LME suspended nickel trading on March 8 after nickel prices soared more than 50 per cent to more than $100000 per ton. The exchange resumed nickel trading on March 16, but nickel has triggered a limit every trading day since then. At about 18:00 on March 23 in Beijing, lunni hit the daily limit. After the resumption of trading, the nickel futures on the London Metal Exchange fell continuously, and hit the increase limit on the first trading day, and then fluctuated sharply. Domestic nickel prices also fluctuate with Lun nickel prices.

 

To sum up: this month’s Black Swan incident led to a disorderly earthquake in nickel price, which has deviated from the fundamentals. At present, the disorderly fluctuation of LME nickel price has also caused serious problems to the industrial chain, and the wait-and-see mood in the downstream is more serious. Although the stock of goods has increased with it, it is also faced with the risk that it cannot be realized, which also shows that the current nickel price is difficult to be recognized by the industrial chain. The risk of overseas position squeeze remains unresolved, and the trend of nickel price is still uncertain. At present, the market risk has not been fully released. In April, nickel prices may return to normal.

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The price of propylene oxide remained stable after rising (3.21-3.28)

According to the monitoring data of business agency, as of March 28, the average price of propylene oxide enterprises was 12233.33 yuan / ton, up 1.66% from last Monday (March 21), 5.46% from February 28, and 7.00% year-on-year in a three-month cycle.

 

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Propylene oxide (propylene oxide) market rose steadily. Last week, the price of raw propylene stopped falling and rose, the cost support was gradually strengthened, the negative state of many devices was reduced, the inventory of manufacturers was controllable, the enthusiasm of downstream procurement was not high, the price rose, the demand side was cold, the increase was restrained, and the price operated smoothly. On the 28th, the mainstream quotation of propylene oxide Market in Shandong was around 11800-12000 yuan / ton, and the market trading atmosphere was general.

 

Upstream propylene, according to the data monitoring of business agency, the market price of domestic propylene (Shandong) stopped falling and rising this week (3.21-3.25). At the beginning of the week, the market price was 8259 yuan / ton, and the average price at the weekend was 8408 yuan / ton, an increase of 1.81%.

 

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For downstream propylene glycol, on March 25, the reference price of propylene glycol was 14500.00, a decrease of 9.56% compared with March 1 (16033.33).

 

The propylene oxide analyst of business society believes that at present, the raw material propylene market is weak, the cost side drags down the market mentality, and the supply side is still supported, but the demand side is weak, coupled with a certain impact on logistics, it is expected that the propylene oxide market may be weak and wait-and-see in the short term.

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Zinc prices stopped falling and rebounded this week

Zinc prices rose in shock this week

 

According to the data monitoring of business agency, the zinc market picked up this week, and the zinc price fluctuated and rose. As of March 25, the price of zinc was 26276 yuan / ton, up 3.51% from 25386 yuan / ton on March 18 last weekend. Zinc ingot inventory in zinc city decreased this week, and the driving force of zinc price rise increased.

 

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Zinc ingot inventory in Shanghai futures market decreased

 

Time, Futures inventory Increase or decrease

March 1st ., one hundred and six thousand three hundred and twenty .,- six hundred and twenty-six

March 2nd ., 106320., 0

March 3rd ., 109258., two thousand nine hundred and thirty-eight

March 4, one hundred and ten thousand nine hundred and forty-eight ., one thousand six hundred and ninety

March 7, one hundred and fourteen thousand six hundred and fifty-one ., three thousand seven hundred and three

March 8th ., one hundred and seventeen thousand six hundred and sixty-six ., three thousand and fifteen

March 9th ., one hundred and seventeen thousand nine hundred and forty-two ., two hundred and seventy-six

March 10, one hundred and eighteen thousand nine hundred and thirty-five ., nine hundred and ninety-three

March 11, one hundred and twenty-one thousand eight hundred and ninety-five ., two thousand nine hundred and sixty

March 14, 125506., three thousand six hundred and eleven

March 15, 130267., four thousand seven hundred and sixty-one

March 16, 131221., nine hundred and fifty-four

March 17th ., one hundred and thirty thousand three hundred and ninety-three .,- eight hundred and twenty-eight

March 18, one hundred and thirty thousand two hundred and forty-four .,- one hundred and forty-nine

March 21, 129342., – nine hundred and two

March 22nd ., 128012., – one thousand three hundred and thirty

March 23rd ., 126728., – one thousand two hundred and eighty-four

March 24th ., one hundred and twenty-five thousand nine hundred and fifty-two .,- seven hundred and seventy-six

March 25th ., 125723., – two hundred and twenty-nine

According to the zinc ingot inventory data sheet of Shanghai futures market, since March 17, the zinc ingot futures inventory of Shanghai futures market has continued to decline. As of March 25, the zinc ingot inventory was 125723 tons, the inventory decreased by 5498 tons, the inventory of Shanghai futures market decreased, the supply of zinc Market was sufficient, the downward pressure of zinc price decreased, and the upward momentum increased.

 

Domestic epidemic hit zinc City

 

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With the spread of the epidemic in Henan, the overall demand of vulnerable enterprises has been seriously affected again.

 

The conflict between Russia and Ukraine continues to affect the supply of zinc in the city

 

The conflict between Russia and Ukraine continues, the price of natural gas in Europe soars, and the cost of zinc smelting rises, which affects the supply of zinc market. The future supply of zinc market is expected to decrease, and the rising power of zinc market is increased.

 

Future forecast

 

Business analysts believe that this week, the inventory of zinc ingots in Shanghai futures market decreased, the supply of zinc market was sufficient, the driving force of zinc price rise increased, the impact of the epidemic, and the demand of zinc market was weak. The conflict between Russia and Ukraine continues, the price of natural gas in Europe soars, the cost of zinc smelting in Europe rises, and the output of zinc market in Europe is expected to decrease. Generally speaking, the supply of global zinc market decreased in the future, the demand of zinc market was lower than expected, the overall bad situation of zinc market increased, the good still existed, and the zinc price rose slightly in the future.

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Crude oil and pure benzene fell sharply, while adipic acid fell significantly

According to the monitoring of business agency, the price of adipic acid in China fell this week, and adipic acid in East China fell by 2.68% this week. The market price range of adipic acid at the weekend is 13700-14000 yuan / ton. On the one hand, the prices of upstream crude oil, pure benzene and cyclohexanone fell. In addition, the terminal demand is still cautious, the transaction is not ideal, and it is difficult to support the rising price of adipic acid.

 

In terms of market supply, this week, the operating rate of adipic acid was slightly higher than that of the previous week, and is currently maintained at about 70%. Most manufacturers mainly support the price, and the listing price of some large manufacturers is reduced by 500 yuan / ton. The start-up of the manufacturer is basically stable. In terms of commencement, about 80% of Shandong Haili and Zhonghao units were started; Restart of Liaohua old line; Huafeng phase V is still raising the burden; The supply of this week is slightly higher than that of this week.

 

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Adipic acid industry chain trend

 

The above figure shows that the adipic acid industry chain has declined as a whole this week, and the upstream products cyclohexanone and pure benzene have declined, especially pure benzene, with a large decline, while adipic acid and downstream PA66 have a small decline, indicating that the profit level of adipic acid manufacturers is acceptable.

 

Market trend of pure benzene in the upstream of adipic acid

 

The price of pure benzene fell mainly this week. According to the monitoring of business society, the price of pure benzene fell as much as 7.92% this week. The sharp decline of crude oil price affected market confidence. The downstream chemical raw materials had a downward trend. The spot price of raw material pure benzene fell sharply. The guiding price of main refineries decreased successively on March 14 and 16, accumulating 700 yuan / ton. Raw material prices fell, cost support weakened, and market participants were generally bearish about the future market.

 

Market trend of cyclohexanone in the upstream of adipic acid

 

Cyclohexanone also fell with crude oil this week. According to the monitoring of business society, cyclohexanone fell by 3.71% this week. The weak supply and demand brought down the high level of cyclohexanone market.

 

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The prices of upstream products cyclohexanone and pure benzene generally fall, and adipic acid will further fall under the pressure of cost. It is expected that the price of adipic acid will still have downward space with the gradual transmission of cost in the later stage.

 

Market trend of adipic acid downstream PA66

 

Terminal demand: PA66 in the downstream of adipic acid remained weak after the festival. According to the data of business society, the market of PA66 fell this week, and the price fell by 2.31% this week. The load level of domestic PA66 industry is at a high level. The inventory position of the port is not high, and the arrival volume of overseas goods is general. In terms of demand, at present, terminal enterprises take goods to follow up, prefer to just need to maintain production, and their resistance to high price sources increases instead of decreasing. In addition, the health incident affected domestic logistics and the production of individual downstream factories, the shipment fluency of merchants was poor, the transaction resistance in the venue increased, and the mentality of sellers was affected. The range of offer negotiation this week is still large.

 

In the later stage, the business society believes that although the prices of crude oil and pure benzene have declined, the price of adipic acid is still relatively high, which does not rule out the continued decline due to cost conduction in the later stage. Superimposed on the weak follow-up of downstream demand, due to the impact of the epidemic, poor transportation and goods will also affect some demand, and adipic acid is expected to remain weak next week.

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Domestic urea prices rose by 0.93% (3.12-3.18) this week

Recent urea price trend

 

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As can be seen from the above figure, the domestic urea price rose slightly this week. The quotation increased from 2902.00 yuan / ton last weekend to 2929.00 yuan / ton this weekend, an increase of 0.93%, up 38.60% year-on-year compared with the same period last year. On March 17, the urea commodity index was 135.77, unchanged from yesterday, down 6.09% from the highest point of 144.57 in the cycle (2021-10-26), and up 144.19% from the lowest point of 55.60 on August 17, 2016. (Note: the period refers to the period from September 1, 2011 to now)

 

The cost support is strengthened, the downstream demand is increased, and the urea supply is sufficient

 

From the manufacturer’s quotation, the mainstream ex factory price of domestic urea increased slightly this week. Zhangzhou San’an urea quoted 3100 yuan / ton this weekend, up 150 yuan / ton compared with last weekend; Shandong Ruixing urea quoted 2890 yuan / ton this weekend, down 10 yuan / ton compared with last weekend; Hualu Hengsheng urea quoted 2895 yuan / ton this weekend, up 15 yuan / ton compared with last weekend; Yangmei plain urea is quoted at 2880 yuan / ton this weekend, down 10 yuan / ton compared with last weekend.

 

From the upstream and downstream industrial chain data, the upstream products of urea rose slightly this week as a whole: the price of liquefied natural gas rose slightly, and the quotation increased from 6896.00 yuan / ton at the beginning of the week to 6932.00 yuan / ton at the end of the week, an increase of 0.52%, an increase of 92.91% year-on-year compared with the same period last year; Coal prices have risen slightly recently. The price of liquid ammonia rose slightly. The quotation increased from 4553.33 yuan / ton last weekend to 4836.67 yuan / ton this weekend, an increase of 6.22%, a year-on-year increase of 38.45% compared with the same period last year. This week, the price of melamine in the downstream of urea was temporarily stable, and the quotation was 12000 yuan / ton.

 

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From the perspective of demand: strong agricultural demand and enhanced industrial demand. With the advent of spring ploughing, domestic fertilizer has entered the peak season, and dealers take goods actively. The operating load of compound fertilizer plant and plate plant is high, and the bargain hunting is followed up appropriately. The downstream melamine market price was adjusted at a low level, and the enthusiasm for urea procurement was weakened. From the perspective of supply: at present, the daily output of urea is more than 160000 tons, and more than 3 million tons of spring ploughing reserve fertilizer have been put on the market. The supply of urea is sufficient. On the whole, the cost support of urea is strengthened, the downstream demand is increased, and the urea supply is sufficient. In the future, the urea rises slightly, mainly in consolidation.

 

Urea prices are bullish in the future

 

In the middle and late March, the domestic urea market may rise slightly, dominated by high-level consolidation. Urea analysts of business society believe that the upstream market rose slightly and the cost support increased. With the advent of spring ploughing, domestic fertilizer has entered the peak season. The operating load of compound fertilizer plant and plate plant is high, and the downstream demand increases. On the whole, the cost support of urea is strengthened, the downstream demand is good, the urea supply is normal, and the future urea is mainly increased by a slight shock.

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The white carbon black market continues to be stable, and strongize(3.14-3.20)

According to the data monitored by the business agency, as of March 21, the average price of domestic rubber grade excellent white carbon black was 6325.00 yuan / ton, up 0.4% compared with the same period last week. The overall market is stable, medium and strong. At present, the market supply is normal and the focus of negotiation is stable.

 

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This week (March 14-march 20), the market price of white carbon black tends to be strong. Compared with the same period last week, the price increases by 0.4%. The overall market supply and demand is balanced. The downstream just needs to purchase, mainly for contract customers. The logistics is smooth, and the market negotiation atmosphere is flat. The latest quotation of the enterprise: Jinan jinrihe Chemical Co., Ltd. is 6000 yuan / ton, Jinan Century Lianxing economic and Trade Co., Ltd. is 6000 yuan / ton, and Foshan Shunde jinpure silicon material Co., Ltd. is 9100 yuan / ton, Shandong Jiquan Biotechnology Co., Ltd. (gas phase method) is 38000 yuan / ton, Shandong Jiquan Biotechnology Co., Ltd. (precipitation method) is 8200 yuan / ton, and Shandong Shouguang Changtai Weina chemical plant is 7700 yuan / ton. The manufacturer ships actively and gives up the order.

 

The upward trend of upstream hydrochloric acid. As of March 18, the domestic hydrochloric acid market price rose slightly. Dezhou Shihua hydrochloric acid is quoted at 500 yuan / ton this weekend, Wenshui synthetic hydrochloric acid is quoted at 230 yuan / ton this weekend, Liaocheng Huatong hydrochloric acid is quoted at 135 yuan / ton this weekend, and Xiangcheng San’an hydrochloric acid is quoted at 600 yuan / ton this weekend. The recent market of upstream liquid chlorine has increased slightly, and the cost side has certain support. Hydrochloric acid analysts of business society believe that hydrochloric acid has mainly increased slightly in the near future.

 

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Ranking of chemical index: on March 20, the chemical index was 1182 points, the same as yesterday, down 15.57% from the highest point of 1400 points in the cycle (2021-10-23), and up 97.66% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to the period from December 1, 2011 to now)

 

Business agency white carbon black analysts believe that the trend of rubber grade white carbon black is stable in the short term, and the price range is about 6000-6500 yuan / ton. (to know more about the industry chain market trends, welcome to pay attention to the official account of the business community, obtain commodity information, and grasp the commodity price).

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The refrigerant market remained stable this week (3.14-3.18)

1、 Price trend

 

According to the bulk data monitoring of business agency, as of March 18, the average price of refrigerant R22 was 17500 yuan / ton, flat compared with the beginning of the week and the beginning of the month, up 9.83% compared with the same period last year

 

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According to the bulk data monitoring of business agency, as of March 18, the average price of refrigerant R134a was 25500 yuan / ton, flat compared with the beginning of the week, down 7.27% compared with the beginning of the month and up 26.87% compared with the same period last year.

 

2、 Market analysis

 

The refrigerant R22 market continued to advance steadily this week, and the price did not change significantly compared with the beginning of the month. The price of raw material hydrofluoric acid was weak and stable, and the market of chloroform rose, which strengthened the support for refrigerant R22. At present, public health incidents have intensified, logistics is poor, some enterprises have suspended quotation, and there is great sales pressure, but the manufacturers support the price, and R22 price is firm. At present, the price of raw material hydrofluoric acid is mostly 10830 yuan / ton, the price of chloroform is about 5250 yuan / ton, the market price of R22 is mostly in the range of 17000-18000 yuan / ton, the price in Shandong is about 17500 yuan / ton, the price in Zhejiang is about 17000-17500 yuan / ton, the price in Hunan is about 17500-18000 yuan / ton, and the price in Guangzhou is about 18000 yuan / ton.

 

The market of refrigerant R134a was temporarily stable this week, and the market focus shifted downward. The price of raw material hydrofluoric acid is weak and stable, the price of trichloroethylene is stable at about 12000, and the cost support is OK, but the demand of the car market is still weak, the market supply exceeds demand, coupled with the intensification of local public health events, poor logistics, pressure on enterprise shipments, stable and declining prices, and the actual transaction is lower than the offer. By the end of the weekend, the market quotation of R134a was mostly in the range of 24500-26000 yuan / ton, about 2480-25500 yuan / ton in Zhejiang, about 24500-25000 yuan / ton in Hunan, about 26000-30000 yuan / ton in Jiangsu and about 27000 yuan / ton in Guangzhou.

 

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In terms of raw materials, on March 21, the price trend of domestic hydrofluoric acid market was temporarily stable, the operation of on-site devices was stable, the supply of goods was normal, and the market price of anhydrous hydrofluoric acid fell. The recent decline of fluorite price had a certain impact on the loss of support for the hydrofluoric acid market. In addition, the operating rate of downstream refrigerant industry was still at a low level, the actual demand was at a low level, the procurement of hydrofluoric acid was limited, and the refrigerant market was depressed recently, It is expected that the market price of hydrofluoric acid may decline slightly.

 

3、 Future forecast

 

Business community refrigerant analysts believe that the current cost power is OK and the demand continues to be weak, but public health events affect the shipment of enterprises, and some manufacturers suspend the quotation. It is expected that the market of refrigerant R22 and R134a will be stable in the short term, and the price trend of raw materials needs to be paid attention to.

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The price trend of domestic phthalic anhydride market fell this week (3.12-3.18)

According to the monitoring of business society, the market price trend of phthalic anhydride declined this week. As of the weekend, the quotation of phthalic anhydride was 8925 yuan / ton, down 2.46% from the price of 9150 yuan / ton at the beginning of the week, up 34.72% year-on-year. The market price trend of phthalic anhydride has declined recently.

 

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This week, the market price trend of phthalic anhydride fell, the delivery of phthalic anhydride in the field was general, the downstream DOP market price fell sharply, the price trend of orthobenzene was temporarily stable, the plasticizer market fell, bad factors affected the phthalic anhydride market, and the price trend of phthalic anhydride market fell. The operating rate of domestic phthalic anhydride manufacturers is less than 60%, the domestic spot supply of phthalic anhydride is normal, the downstream plasticizer industry mainly purchases on demand, and the actual transaction has little change. The market price trend of phthalic anhydride in East China has declined, and the high-end transactions on the floor are limited. The mainstream of adjacent France source negotiation in East China is 8900-9000 yuan / ton, and the mainstream of naphthalene method source negotiation is 8700-8800 yuan / ton; The mainstream quotation of phthalic anhydride market in North China is 8900-9000 yuan / ton. The wait-and-see mentality of phthalic anhydride still exists in the field. The downstream is mainly purchased on demand. The price trend of phthalic anhydride is temporarily stable, and the market price trend of phthalic anhydride is declining.

 

This week, the price of domestic orthobenzene is stable, with an on-site price of 9000 yuan / ton, which is the same as the price of 9000 yuan / ton at the beginning of the week. The stable price of domestic orthobenzene is a good support for the phthalic anhydride market. Recently, the market trend of imported orthobenzene in the port area has remained high, and the external quotation of orthobenzene is temporarily stable. Recently, the inventory of orthobenzene in the port area has not changed much, and the actual transaction price is subject to negotiation. After detailed discussion on the actual sheet, the price trend of orthobenzene is stable, and the price of domestic phthalic anhydride has declined.

 

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The market price trend of DOP in the downstream of phthalic anhydride fell sharply this week. According to the monitoring of business society, the domestic DOP price was 12025 yuan / ton by the end of the weekend, with a price drop of 7.32%. The operation of DOP enterprises in the field was stable, the supply of DOP was normal, the price of isooctanol fell, the cost of DOP raw materials fell, the operation of DOP enterprises was low, the supply of DOP was sufficient, the price of PVC fell, the downstream demand fell, and the market transaction was general. The upward momentum of plasticizer DOP market is weakened and the downward pressure is increased. The transaction price is subject to the real-time price. The DOP price is 11700-12100 yuan / ton. The DOP price trend has fallen sharply this week, and the price trend of phthalic anhydride market has fallen due to the impact.

 

On the whole, the recent price trend of phthalic anhydride has been temporarily stable, but the market trend of downstream plasticizer industry has fallen, but the crude oil market is still supported. Affected by this, the phthalic anhydride market has a long and short game. It is expected that the market price of phthalic anhydride may remain high in the later stage.

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Costs fell, DOTP prices fell sharply

DOTP prices fell sharply this week

 

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According to the data monitoring of business agency, the high DOTP price fell sharply this week, and the overall DOTP market fell. As of March 17, the price of DOTP was 12350 yuan / ton, down 5.54% from 13075 yuan / ton on March 10 last week, and up 3.13% from 11975 yuan / ton on March 1 at the beginning of the month. The high level of DOTP market fell back, and the price of DOTP returned to the level at the beginning of March.

 

The price of isooctanol fell sharply this week

 
According to the price monitoring of business agency, the domestic isooctanol market fell from a high level this week. As of March 17, the price of isooctanol was 12733.33 yuan / ton, down 6.60% from 13633.33 yuan / ton on March 11 last week. Since the release of the conflict between Russia and Ukraine, the high price of isooctanol has fallen. This week, the price of isooctanol has fallen sharply, the cost of DOTP has decreased, the upward momentum of DOTP has weakened, and the downward pressure has increased.

 

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PTA prices fluctuated and fell

 
According to the price monitoring of the business agency, the PTA price fell sharply this week, and the overall PTA market fell back from the high level. As of March 17, the PTA price was 5732.73 yuan / ton, down 12.55% from 6555.50 yuan / ton on March 9 last week. The conflict between Russia and Ukraine is expected to ease, with crude oil prices plummeting and PTA prices plummeting. PTA prices fell, DOTP costs fell, and DOTP bearishness increased.

 

Future expectations

 

DOTP data analysts believe that with the easing of the conflict between Russia and Ukraine, crude oil prices have fallen sharply, PTA prices have fallen, isooctanol prices have fallen, costs have fallen, and the downward pressure of DOTP has increased. Generally speaking, the price of raw materials fell, the support of rising costs weakened, the demand for DOTP was temporarily stable, and the price of DOTP fell. In the future, as the price of raw materials returns to stability, the cost of DOTP tends to stabilize. It is expected that the price of DOTP will stabilize after falling in the future.

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The price of n-propanol supported by raw materials continued to rise strongly (3.13-3.16)

According to the price monitoring data of business agency, as of March 16, 2022, the average reference price of domestic n-propanol was 9100 yuan / ton. Compared with March 13 (the average reference price of n-propanol was 8916 yuan / ton), the average price increased by 184 yuan / ton, or 2.06%, and compared with March 1 (the average reference price of n-propanol was 8633 yuan / ton), the average price increased by 467 yuan / ton, or 11.43%.

 

It can be seen from the data monitoring chart of business society that in March, the domestic n-propanol market continued to rise. This week, with the support of raw material cost, the market focus of n-propanol continued to operate upward, the downstream demand was normal, and the trading atmosphere was mild. On the 14th and 15th of the week, the market price of n-propanol in Shandong was adjusted upward by 200-300 yuan / ton, and then the market of n-propanol continued to consolidate at a high level. As of March 16, the market price of n-propanol in Shandong is around 8400-8900 yuan / ton, the market price of n-propanol in Nanjing is stable, and the ex factory price of n-propanol is around 9000-9500 yuan / ton. Local dealers still have reservations about the price, and the price is not easy to monitor, which may lead to differences in the specific negotiation situation. Each region also has differences. It is mainly based on actual single negotiation, and we will wait and see the change of raw material price and shipment in the future.

 

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In terms of upstream ethylene, since March, the overall market price of ethylene has shown an upward trend. As of March 15, the reference price of ethylene was US $1480.25/ton, up 17.78% compared with us $1256.75/ton on March 1. On March 15, according to the European ethylene market, FD northwest Europe quoted us $1737-1747 / ton, up US $10 / ton, and CIF northwest Europe quoted us $1487-1495 / ton, up US $4 / ton. On March 15, in the US ethylene market, FD US Gulf quoted us $636-653 / ton, down US $37 / ton. Recently, the US ethylene market fell and the demand was general. On March 15, according to the Asian ethylene market, CFR Northeast Asia quoted us $1296-1306 / ton, down US $50 / ton, and CFR Southeast Asia quoted us $1296-1306 / ton, down US $50 / ton.

 

Forecast of future trend of n-propanol

 

At present, the overall trading atmosphere of n-propanol market is good, and the raw materials still support the market in the short term. According to the analysts of business society, the domestic n-propanol market is mainly high and strong in the near future, and more attention needs to be paid to the specific changes in supply and demand.

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