1、 Price trend

According to the price monitoring of the business association, on February 19, the average price of salicylic acid (industrial grade) mainstream manufacturers was 13933 yuan / ton, which was the same as that at the beginning of the month, the same as that at the beginning of the month, the same as that at the same period last year, and the recent market was relatively stable.

2、 Market analysis

After the holiday, the market of salicylic acid has been running smoothly. Since the eighth day of the lunar new year, the industry has returned to the market one after another with a good mentality. The manufacturers have no pressure on the inventory, and the price remains at the pre Festival level. Wait and see the market reaction. With the gradual recovery of downstream demand and the rising price of raw materials, salicylic acid market may fluctuate. As of February 19, the quotations of salicylic acid industrial enterprises were mostly in the range of 12000-15000 yuan / ton, the supply and demand were stable, the prices were stable, the quotations of pharmaceutical grade were mostly in the range of 23000-25500 yuan / ton, and the quotations of sublimation grade were mostly in the range of 15000-20000 yuan / ton, the quotations were stable.

In terms of raw materials, the market offer of phenol rose. On February 19, the reference price of phenol was 7130.00, up 7.7% compared with that on February 1 (6620.00). The price of sulfuric acid rose. On February 19, the reference price of sulfuric acid was 342.50, up 6.2% compared with that on February 1 (322.50). The upstream sulfur market was recently consolidated at a high level, and the cost support was good. However, the downstream purchasing enthusiasm was general, the supply of sulfuric acid was normal, and the ex factory price of sulfuric acid fluctuated slightly in the future.

According to the price monitoring of the business community, in the list of commodity prices in week 07 (2.15-2.19) of 2021, there were 41 kinds of commodities in the chemical industry sector, among which 16 kinds of commodities increased by more than 5%, accounting for 17.4% of the number of commodities monitored in the sector; the top three commodities were styrene (21.58%), isooctanol (18.48%) and hydrobenzene (15.81%). There were 6 kinds of commodities that declined month on month, and the top 3 products were hydrogen peroxide (- 1.94%), acrylic acid (- 1.39%) and DMF (- 1.38%). This week, the average rise and fall was 2.42%.

3、 Future forecast

Salicylic acid analysts of business news agency believe that: after the holiday, the price of salicylic acid has no obvious change, the industry has returned to the market one after another, with good mentality, no pressure on manufacturers’ inventory, and the price remains at the pre Festival level. It is expected that the price will be stable in the short term by waiting for the market reaction.

Price fluctuation of domestic main hydrobenzene market before and after Spring Festival in February 2021 (unit: yuan / ton)

Region, price on February 1, price on February 5, price on February 8, price on February 19

East China, 4650-4800, 5100-5200, 5300-5400, 5850-5950, + 1175

In February 2021, the market price of hydrobenzene in East China rose to 5350 yuan / ton before the festival and 5900 yuan / ton after the festival. During the Spring Festival, the price rose by 550 yuan / ton, with a cumulative rise of 1175 yuan / ton this month.

Summary of price adjustment of Sinopec’s pure benzene in 2021 (unit: yuan / ton)

Date, adjusted price, adjusted amount

January 7, 4550, + 150

January 11, 4650, + 100

January 30, 4850, + 200

February 4, 5150, + 150

February 7, 5400, + 250

February 18, 5800, + 400

Before and after the Spring Festival, Sinopec’s listed price of pure benzene was increased twice, with a total increase of 650 yuan / ton. After the adjustment, RMB 5800 / T will be implemented, of which RMB 5750 / T will be implemented by Qilu Petrochemical Co., Ltd., and RMB 800 / T will be increased in February.

During the Spring Festival holiday, affected by the historical extremely cold weather in the United States, the crude oil production in the United States is expected to drop by more than 40%, and the international oil price rises accordingly. A number of pure benzene plants in the United States were also affected by the bad weather and stopped unscheduled. During the holidays, the pure benzene external market and downstream styrene external market rose sharply. Under the macro favorable blessing, the main domestic traders and petrochemical enterprises have followed the rise after the opening of the festival, and the market price has increased significantly. On the 18th, the domestic chemical futures market made a good start, with pure benzene and styrene, the main downstream product, rising by more than 14%. Immediately, Sinopec raised the price of pure benzene by 400 yuan / ton, and implemented 5800 yuan / ton. However, as the holiday has just ended, there are still some traders who have not yet returned, and the market quotation is still low. In terms of port inventory, the inventory in East China is maintained at 200000 tons, which is lower than the previous period.

As a whole, the current round of increase actually started at the end of January. After the failure of the restart of the plant, the annual output of 480000 tons of the plant will be extended to the end of February, one month later than the expected start-up time. The whole February has a certain impact on the market supply, and the downstream purchasers of CICC are mainly long-term contract customers concentrated in East China. Under the favorable factors of the expected supply reduction in the future market, the market transaction and investment in the whole East China region surged, and some customers increased the purchase volume before the festival, resulting in a large increase in demand in a short period of time, and the market price in the East China region continued to rise. As a substitute for pure benzene, the trend of hydrogenated benzene is basically the same as that of pure benzene. Driven by the price of pure benzene and the improvement of purchasing enthusiasm in East China, the market of hydrogenated benzene has been rising all the way. As of press release, the active quotation of hydrogenated benzene in East China is less, and the ex factory price in Hebei has risen sharply, so it is difficult to find low-cost goods.

The downstream unit of pure benzene has a good start-up in the near future, there is no obvious maintenance plan, and the demand for pure benzene and hydrobenzene is good.

The business community believes that the current pure benzene market has reached a high level in nearly a year. Affected by multiple positive factors, the price is mainly volatile in the short term. The market expects that April will be the peak period for the maintenance of pure benzene units in traditional places, and the demand for hydrogenated benzene will be increased to a certain extent. It is expected that the price will still have upward space under the dual support of macro positive and future demand.

1、 Polyoxymethylene market price trend chart

Price curve of paraformaldehyde

According to the monitoring of the business agency, the average price of paraformaldehyde this week is 6500 yuan / ton, and the quotation is temporarily stable.

2、 Market analysis

On February 5, Shandong formaldehyde Chemical Industry Co., Ltd., with an annual output of 30000 tons of polyoxymethylene, offered 6000 yuan / ton of Polyoxymethylene (96) including tax, which was the same as last time. Linyi Shengyang Chemical Co., Ltd., with an annual output of 9000 tons of polyoxymethylene, Polyoxymethylene (96) ex factory price including tax 6500 yuan / ton, the price is the same as last time. Zibo Qixing Chemical Technology Co., Ltd., with an annual output of 10000 tons of polyoxymethylene, Polyoxymethylene (96) ex factory price including tax 7000 yuan / ton, the price is the same as last time. Close to the Spring Festival, more enterprises stop for maintenance. Affected by the epidemic some time ago, the market supply of polyoxymethylene is tight, which mainly supports the high price operation of polyoxymethylene. The market demand of paraformaldehyde is acceptable.

The upstream raw material methanol, according to the monitoring data of the business society, the domestic methanol market this week fell by about 1.88%.

3、 Future forecast

Business community polyoxymethylene analysts expect that before the festival polyoxymethylene stability.

1、 Price trend

This week, the distribution price of sulfuric acid in Shandong Province was temporarily stable, with the quoted price of 32.50 yuan / ton. Overall, this week’s sulfuric acid market was temporarily stable, with the sulfuric acid commodity index of 50.19 on February 5.

2、 Market analysis

From the quotation of manufacturers, the price of mainstream sulfuric acid manufacturers in Shandong Province was temporarily stable this week, with large inventory and general downstream demand. Heze Jiangyuan quoted 400 yuan / ton at the weekend, down 20 yuan / ton compared with the beginning of the week; Zouping Tianlu quoted 320 yuan / ton at the weekend, up 20 yuan / ton compared with the beginning of the week; Jinan Yuanfei quoted 350 yuan / ton, temporarily stable compared with the beginning of the week; Taiyuan kunshengda quoted 120 yuan / ton at the weekend, temporarily stable compared with the beginning of the week.

From the perspective of the upstream and downstream industry chain, the sulfur market in the upstream has been consolidated at a high level recently, and the cost support is good. However, the market prices of monoammonium phosphate, diammonium phosphate and bromine in the downstream rose slightly, which had a positive impact on sulfuric acid.

3、 Future forecast

In the middle of February, the sulfuric acid Market in Shandong may fluctuate slightly. The price of sulfur in the upper reaches has been consolidated at a high level in recent years, the market in the lower reaches is better, the purchasing enthusiasm of sulfuric acid in the lower reaches is normal, and the product trend rises under the contradiction between supply and demand. Business community sulfuric acid analysts believe that the short-term Shandong market in the supply and demand and raw materials and other aspects of the impact of sulfuric acid market or small shock rise.

1、 Trend analysis

Copper prices fell first and then rose this week. By the end of the week, the spot copper price was 58038.33 yuan / ton, which was flat compared with the beginning of the week, up 0.14% compared with the beginning of the year, and up 25.78% compared with the same period last year. LME copper rose in March this week, closing at US $7872.5, up 0.73% this week; Shanghai copper index’s focus rose this week, ending at 58210 yuan, up 1.15% this week. This week, the international copper index closed at 51880 yuan, up 1.15%.

As the Chinese New Year holiday approaches, copper inventory is expected to accumulate, but the current global dominant inventory is relatively low; before the holiday, downstream stock preparation ends, processing enterprises and traders gradually enter the holiday state, and market consumption is weak seasonally. But this year, in order to control the spread of the epidemic, China encourages people to stay in place for the Chinese New Year. Many rural workers may not return home, so the slowdown in industrial activity may not be as significant as in previous years. In the past, hundreds of millions of people returned home during the Spring Festival.

Moreover, small Non-agricultural enterprises in the United States exceeded expectations to boost market sentiment, overseas market demand was boosted, and concentrate processing fees remained low, indicating tight supply. At present, the copper concentrate processing fee continues to be low, which indicates that the supply at the ore end is tight, and the current inventory has not been obviously accumulated, so this year’s accumulation rate may not be as high as in previous years. Copper prices are expected to maintain a narrow volatility trend before the year.

The domestic butadiene market continued to decline in January. According to the sample data monitored by the business community, the domestic butadiene market price at the beginning of the month was 7751 yuan / ton, and that at the end of the month was 6056 yuan / ton, with a decrease of 21.86% within the month and a year-on-year decrease of 24.82%.

In January, the domestic butadiene market continued to decline. With the release of Wanhua, Wuhan and srbang production, the domestic supply side increased significantly. At the same time, under the expectation of South Korea’s LG plant restart, the market expectation was weak. During the month, Yangzi Petrochemical’s styrene butadiene and cis-1,4-polybutadiene rubber plants were shut down due to accidents, resulting in an increase in butadiene surplus, which was dragged down by the imbalance between supply and demand, and the internal and external markets continued to decline. The supply in East China and the external market is abundant. With the continuous decline of the external transaction price and the wide reduction of Sinopec’s supply price, the domestic butadiene Market Center continues to decline. In the middle and late period, some of the lower reaches of the North stock before the festival, there is a certain support for the market, and the goods holders also have a more obvious intention to support the price, the market fell into a stalemate consolidation situation.

In terms of enterprises, the domestic butadiene market continued to decline in January. With the release of Wanhua, Wuhan and srbang production, the domestic supply side increased significantly. At the same time, under the expectation of South Korea’s LG plant restart, the merchants’ market expectation was weak. During the month, Yangzi Petrochemical’s styrene butadiene and cis-1,4-polybutadiene rubber plants were shut down due to accidents, resulting in an increase in butadiene surplus, which was dragged down by the imbalance between supply and demand, and the internal and external markets continued to decline. The supply in East China and the external market is abundant. With the continuous decline of the external transaction price and the wide reduction of Sinopec’s supply price, the domestic butadiene Market Center continues to decline. In the middle and late period, some of the lower reaches of the North stock before the festival, there is a certain support for the market, and the goods holders also have a more obvious intention to support the price, the market fell into a stalemate consolidation situation.

External price: as of February 1, the external price of butadiene in Asia was stable: FOB Korea closed at US $735-745 / T; CFR China closed at US $775-785 / T. The external price of butadiene in Europe was stable: FOB Rotterdam closed at US $545-555 / T; FD closed at Euro 595-605 / T in northwest Europe.

The recent performance of downstream profits is fair, and there is a certain support for butadiene market in the face of demand. February coincides with the Spring Festival holiday, affecting the domestic butadiene market trading atmosphere performance is cold. At the beginning of this month, most mainstream manufacturers have sources of goods for export. It is expected that the external quotation of major manufacturers will continue to decline. However, under the guidance of demand support and post Festival news, the market decline is limited, and the overall performance is slightly consolidated. Business community butadiene analysts expect short-term domestic butadiene market consolidation.

According to the price monitoring data of business club, as of February 1, the average reference average price of domestic n-propanol containing packaging in mainstream areas was around 10866 yuan / ton, which was 733 yuan / ton lower than that on January 24, 2021, with a decrease of 6.32%; compared with that on January 1, the average price was 933 yuan / ton lower, with a decrease of 7.91%.

Demand weakened, shipment slowed, propanol market fell

In the last week of January, the domestic n-propanol market showed a weak decline. Near the Spring Festival, the overall operating rate of n-propanol plants was low, the downstream stock preparation was basically completed before the festival, and the demand weakened. Coupled with the constraints of logistics and transportation and other factors, there were not many new orders. Some n-propanol spot dealers in Shandong and Nanjing reduced their profits and shipped goods at the end of the month. On January 25, the factory report of n-propanol bulk in Shandong was released The reference price was around 9600-10000 yuan / ton, which was about 800 yuan / ton lower than that in the middle of the month. The packaging price was around 10500-11000 yuan / ton, which was about 900 yuan / ton lower than that in the middle of the month. Then the market temporarily stabilized until the end of January. On the 29th, the ex factory price of n-propanol was down again by 200-300 yuan / ton.

On February 1, Shandong n-propanol shippers continued to slightly reduce the ex factory price of n-propanol by 200 yuan / ton. At present, Shandong fengcang chemical’s n-propanol bulk water ex factory reference is 9600 yuan / ton. The factory quotation of n-propanol loose water in Nanjing is 9500-9900 yuan / ton, which is 900 yuan / ton lower than the previous period. The factory quotation of n-propanol loose water in Nanjing Rongxin chemical is 9600 yuan / ton.

As of February 1, the average reference average price of domestic n-propanol containing packaging in mainstream regions was around 10866 yuan / ton, which was 733 yuan / ton lower than that on January 24, 2021, with a decrease of 6.32%; and 933 yuan / ton lower than that on January 1, with a decrease of 7.91%.

In terms of raw materials, the external market of ethylene in January showed a trend of first rising and then falling. The price of ethylene in Asia rose first and then fell. As of the 28th, CFR Northeast Asia quoted us $920-930 per ton, CFR Southeast Asia quoted us $892-900 per ton. The price fluctuation of ethylene market in Europe is relatively small. As of the 28th, the quotation of FD in northwest Europe is US $1114-1124 / T, and that of CIF in northwest Europe is US $1112-1123 / T. The price of ethylene in the U.S. fluctuates greatly, rising first and then falling, and there is a rising trend in the near future. As of the 28th, the price of FD US Gulf is 693-706 US dollars / ton. The overall ethylene market fluctuated greatly in January. The fluctuation of crude oil drives the fluctuation of ethylene market.

Weak market transaction and weak consolidation operation before the festival

At present, the domestic n-propanol market is light, with few new orders. Therefore, the n-propanol Data Engineer of business society believes that before the Spring Festival, China’s domestic n-propanol market will mainly be consolidated and operated, and more attention should be paid to the price trend of raw material cost and market demand in the future.

1、 Price trend

According to the data monitored by the business community, on October 30, the domestic price of carbon black was 7350 yuan / ton, which fluctuated slightly. The price fluctuation range was 100-300 yuan / ton, and this month’s carbon black market was mainly volatile.

2、 Market analysis

Market quotation

Last week, coal tar, the raw material of carbon black, continued to ferment due to nervousness, the price rose sharply, the production cost of carbon black rose, and the profit margin of carbon black enterprises was squeezed. Support cost of raw coal tar: coal tar is the main raw material of carbon black. Recently, the trend of coal tar is rising, and the support of carbon black cost side is strong. In addition to the impact of the epidemic, the number of transport vehicles is reduced and the interval transportation is affected; the government and enterprises in the main tire producing areas of Shandong Province have issued policies one after another to encourage employees not to return home during the Spring Festival, enterprises not to stop production during the Spring Festival, enterprises need to prepare goods before the festival and other factors to support, and the new order pricing is expected to rise this week.

Import and export

Carbon black import and export data: China’s carbon black export volume will decline in 2020

According to customs statistics, in December 2020, China’s carbon black import volume was 8724.8 tons, with a month on month growth of 18.5% and a year-on-year growth of 27.3%. The main import sources were South Korea (17.3%), the United States (16.8%) and Japan (15.9%). The top three regions in terms of import volume were Shanghai (31.8%), Guangdong (20.3%) and Jiangsu (11.2%).

In December 2020, the export volume of carbon black was 64766.8 tons, a month on month increase of 0.2% and a year-on-year decrease of 4.8%. The main export countries are Thailand, Vietnam, Indonesia and other countries. Among them, 22230.12 tons were exported to Thailand, accounting for 34.3% of China’s carbon black exports, 23.4% in Vietnam, and 13.2% in Indonesia. The main export provinces were Jiangxi Province (23%), Shanghai City (22.8%) and Shandong Province (17.4%).

3、 Future forecast

In 2021, the downstream demand entered the traditional off-season, coupled with the coming Spring Festival holiday, the price of carbon black continued to push up and store pressure, and analysts believed that the price was stable and fluctuated slightly.

According to the data monitored by the business agency, the average ex factory price of domestic light potassium carbonate was 6475.00 yuan / ton on January 1, and 6575.00 yuan / ton on August 28, up 1.54%. The current price has increased by 1.54% on a month on month basis, and 3.75% on a year earlier.

In January, the domestic potash market continued to rise, with less inventory of various manufacturers and scarce supply of goods on the market. Downstream factories took more goods according to orders, with fewer new orders. Traders mainly supplied by old customers, and the shortage of supply led the market to soar. According to the statistics of the business society, the mainstream ex factory quotation range of domestic industrial grade potassium carbonate this week is about 6400-6700 yuan / ton (the quotation is for reference only), and the quotation is different according to the different procurement situation.

Recently, the quotation of mainstream potassium chloride manufacturers is temporarily stable: the ex factory quotation of Qinghai Salt Lake potassium chloride at the weekend is 2050 yuan / ton, which is temporarily stable compared with that at the beginning of the week; the distribution quotation of Anhui Badou potassium chloride at the weekend is 2300 yuan / ton, which is temporarily stable compared with that at the beginning of the week. Recently, the supply of new products in the potassium chloride market is relatively limited, and the ports are shipping in succession, and the market is consolidation at a high level.

Potassium carbonate analysts of business news agency believe that the recent domestic port potassium chloride new arrival source is relatively limited, the floor inventory is low, and the cost support is good. It is expected that the price of potassium carbonate will mainly rise in the short term, and the long-term market still needs to wait and see. (the above prices are provided by the main manufacturers of potassium nitrate all over the country and sorted out and analyzed by the potassium carbonate analysts of the business society. They are for reference only. For more price details, please contact the relevant manufacturers for consultation).

1、 Price trend

According to the monitoring data of the business community, the price of baking soda is stable for the time being. On January 27, the average price in the domestic market was 1496.67 yuan / ton. On January 26, the commodity index of baking soda was 99.34, flat with yesterday, down 18.36% from the highest point of 121.68 (2020-10-21) in the cycle, and up 12.54% from the lowest point of 88.27 on December 22, 2020. (Note: cycle refers to the period from September 1, 2020 to now)

2、 Market analysis

According to the news agency, the price of sodium bicarbonate runs smoothly, and the downstream market shipment is fair. At present, the price of sodium bicarbonate in Henan is about 1420-1600 yuan, which is the mainstream price in the market. The downstream demand is acceptable. It is expected that the price will be slightly consolidated in the near future. The price of baking soda in Hebei is about 1350-1550 yuan / ton, which is the mainstream price in the market, and the downstream demand is acceptable.

Raw materials: the domestic soda ash market atmosphere is light, downstream manufacturers are cautious and wait-and-see attitude is dominant, and it is expected that the later soda ash operation will be mainly stable and small. The price of soda ash in Central China is stable with small fluctuations. The current mainstream market price of light soda ash is about 1300-1400 yuan / ton. The market atmosphere is general, and the overall downstream manufacturers are cautious. It is expected that the price of soda ash will be stable with small fluctuations in the short term. The price of soda ash in North China is temporarily stable. The current mainstream market price of light soda ash is about 1350-1450 yuan / ton. The market atmosphere is general. The overall downstream manufacturers are cautious. It is expected that the price of soda ash will be temporarily stable in the short term.

Demand side: downstream medicine, textile and food demand for bicarbonate is acceptable, and the price of bicarbonate is stable. Analysts from business news agency believe that: the domestic soda ash market is temporarily stable, the market atmosphere is light, the downstream manufacturers are cautious and mainly wait-and-see attitude, and it is expected that the general market operation of soda ash will be maintained in the later period. The upstream soda market is more stable than the downstream market, and the downstream market is mainly Duoan on-demand procurement. Generally speaking, the short-term price of sodium bicarbonate may maintain a temporary stable trend, and the specific situation depends on the downstream market demand.