Trade name: sulfuric acid

Latest price (August 5): 427.50 yuan / ton

On August 5, the market price of sulfuric acid in Shandong was temporarily stable, which was in line with the quotation on August 3. The upstream sulfur price has risen slightly recently, and the cost support of sulfuric acid is strong. Some sulphuric acid factories are short of operation, the load is reduced, the sulfuric acid supply is tight, and the downstream purchasing enthusiasm is general.

Recently, the market price of sulfuric acid in Shandong Province may fluctuate slightly, and the quotation is about 430 yuan / ton.

The commodity index of hydrogenated benzene on July 30 was 34.49, which was the same as yesterday, decreased by 66.19% from 102.01 (2014-01-09), and increased by 15.01% from 29.99, the lowest point on April 07, 2020. (Note: the period refers to December 1, 2013 to now).

Price rise and fall of domestic main hydrobenzene markets from July 27 to 31 (unit: yuan / ton)

Regional prices rose and fell on the 27th and 31st

East China 3200 ～ 3250 3300 ～ 3400 + 125

Shandong Province 2950-3100 3100-3200 + 125

Summary of price adjustment of pure benzene in Sinopec (North China) in July 2020 (unit: yuan / ton)

Price adjustment amount after date adjustment

July 1 3050 – 200

July 23 3100 + 50

July 27 3200 + 100

30 July 3300 + 100

In July 2020, Sinopec increased the ex factory price of pure benzene three times and lowered it once. As of the end of the month, Sinopec implemented 3300 yuan / ton of pure benzene in North China, an increase of 50 yuan / ton compared with the same period of last month.

This week, Sinopec’s listed price of pure benzene increased by 200 yuan / ton. The price of pure benzene in Shandong was boosted. This week, the price of pure benzene continued to rise. The focus of pure benzene market negotiation rose, and the fundamentals were highlighted. The external market of pure benzene recovered and rose for three consecutive days. Although the current port inventory is still high, there are purchase intentions in some markets near the end of the month, which supports the price rise of pure benzene. The price of hydrogenated benzene market is supported by the favorable fundamentals.

One week price change of hydrobenzene market in Shandong

Market July 27 July 28 July 29 July 30 July 31

Shandong Province: 2950 ～ 3100 2950 ～ 3100 3100 ～ 3150 3100 ～ 32003100 ～ 3200

It can be seen from the above figure that the market price of hydrogenated benzene in Shandong has continued to rise this week. Sinopec raised the ex factory price of pure benzene twice on the 27th and 30th, with an accumulative increase of 200 yuan / ton. The external market of pure benzene rose for four times. This week, the bidding price of crude benzene in Shandong increased by 155 yuan / ton, and the current implementation is 2470-2475 yuan / ton. Good fundamentals promote the recovery of hydrobenzene market, prices continue to rise this week, and some enterprises have plans to restart.

Start up of some hydrogenated benzene units in 2020

Enterprise name device status device capacity remarks

Shandong Shengyun Chemical Park 100000 tons

Shandong Derun Chemical Park 150000 tons

Shandong Jinneng Chemical Industry Park 100000 tons

Panjin Ruide parking 200000 tons, there are plans in the near future, to be determined

Shandong Huineng chemical 50% 200000 tons

Recently, there are still a lot of overhauling in hydrogenated benzene enterprises, some of which have been shut down for more than three months. The units of Tangshan Baoshun, Panjin Ruide, Jinneng and shouchuang have been shut down. The restart time is still to be determined, and the overall operating rate in East China is still low.

The cost pressure of hydrogenated benzene enterprises remains, and there are still many maintenance devices. The profits of downstream products have improved recently, and the demand has slightly improved compared with the previous period.

In the aftermarket, the business club believes that the pressure of hydrobenzene market cost remains, and the crude oil price fluctuates, which has caused a certain degree of market wait-and-see sentiment. In the future, the market still needs to focus on the changes of pure benzene inventory.

Price trend:

According to the business agency data monitoring, the contract price of o-benzene Sinopec fell in July. As of July 31, Sinopec has offered 4400.00 yuan / ton of o-xylene in East China and 4400 yuan / ton in North China, which is lower than that at the beginning of the month. The market of o-xylene is weaker, and the contract price of o-xylene in North China falls.

Price trend of raw materials

It can be seen from the mixed xylene price trend chart that the mixed xylene price fluctuated and fell in July, the cost of raw materials of o-benzene decreased, the market of o-benzene was negative, and the downward pressure of o-benzene market increased.

Trend of downstream products

It can be seen from the phthalic anhydride price trend chart that the phthalic anhydride price went down all the way in July and the market fell. The downstream demand of o-benzene decreased and the market of o-benzene was negative.

Future forecast:

According to Bai Jiaxin, an o-xylene data analyst from the business agency, the upstream and downstream market of the o-xylene industry chain both fell in July, which had a greater negative impact on the o-benzene market and increased the pressure on the decline of o-benzene; the negative pressure on the o-xylene market was relatively large, and the o-xylene Market remained stable in July, but the downward pressure continued to increase in the future, and the o-benzene market was expected to fall in the future.

1、 Price trend

According to business agency data, on July 31, the average ex factory price of oil to ethylene glycol in North China was 3667 yuan / ton, up 67 yuan / ton or 1.85% over last week.

On July 30, the market price of ethylene glycol in East China was 3633 yuan / ton, up 68 yuan / ton or 1.91% over the same period last week.

2、 Analysis of influencing factors

As of July 30, the total ethylene glycol inventory in the main ports of East China was 1.3794 million tons, a decrease of 32600 tons or 2.31% compared with last Thursday, and a decrease of 10900 tons or 0.78% compared with Monday.

In terms of shipment, Zhangjiagang and Taicang fell this week compared with last week.

At present, the operating rate of ethylene glycol is about 50%, and that of polyester is about 87%, which is slightly lower than that of last week.

In terms of equipment, the ethylene glycol plant with an annual output of 600000 tons of Xinjiang Tianye will be put into operation tomorrow with 200000 tons, and it is expected to see products in early August; the ethylene glycol unit with an annual output of 300000 tons of Zhongyan hongsifang has been reduced to 50% due to failure, which is expected to last until the end of this week.

3、 Analysis and prediction

Ethylene glycol inventory has decreased this week, but from the perspective of shipment, the reason for the decline is not due to smooth sales, but the delay in shipping. Due to the overseas epidemic situation did not appear inflection point, ethylene glycol terminal market is poor, downstream polyester inventory pressure is huge. At the same time, domestic supply side pressure brought by new capacity. Although the maintenance plan of overseas units is increasing in the near future, there will be no shortage of supply in the near future. Therefore, in the absence of long-term good conditions, glycol prices will continue to adjust low.

Adipic acid market trend chart

According to the business club’s big list data, this week (7.20-24), the domestic adipic acid market weak adjustment, some regional prices fell slightly. According to the data monitored by the business agency, adipic acid in East China fell slightly, by only 2.07%. The market demand was sluggish, and the market supply pressure was still under pressure. Most dealers kept their prices mainly low and delivered goods at a profit. Most manufacturers still looked down on the future market and gave priority to stock operation. According to the monitoring of the society, the current quotation range of adipic acid market is 6500-6700 yuan / ton.

In terms of market supply, the operating rate of adipic acid manufacturers this week was flat compared with that of last week, at present, more than 80% of them are at present. The market supply performance is sufficient, and the inventory pressure of manufacturers is still not improved. Dealers usually take delivery of goods normally, and centralized purchasing behavior is not in the off-season market. Some dealers purchase according to the order and light the inventory operation. Generally speaking, the pressure of enterprise inventory and market inventory is relatively large. In terms of cost, the upstream crude oil price continued to fluctuate in an interval and remained relatively high. Pure benzene rose slightly this week by 1.59%, but it is still at a relatively low level (as shown in the figure below). On the contrary, the rising cost has squeezed the profit space of downstream. At present, the main contradiction in the market is that the downstream demand has not fundamentally improved, and adipic acid is squeezed from both upstream and downstream, resulting in the gradual decline of enterprise profits.

Market trend of pure benzene

From the terminal demand point of view, the downstream demand has little change compared with last week, and is still in the off-season level. The operating rate of downstream factories has not significantly increased, and the overall consumption level of plastic products has not increased significantly, which is difficult to boost the market of upstream raw materials. In addition, affected by the epidemic situation this year, the sales volume of polyurethane and other thermal insulation materials is also lower than that of the same period last year. In addition, PA66 and other downstream products did not get out of the predicament, and the price was still hovering at a low level. This week, the price fluctuated in a narrow range and rose by 0.27%. As a result, adipic acid demand is difficult to fundamentally change, inventory is difficult to digest, manufacturers have a lot of pressure, dealers generally follow the market and purchase on demand. In addition, in addition to the weak domestic demand, external demand has also worsened. Especially affected by the overseas epidemic, the external demand has decreased, and the export pressure of adipic acid has continued to increase. It is not ruled out that the inventory will continue to rise in the future.

In the later stage, it seems that the upstream lacks favorable support, the supply is loose, and the market price is squeezed by cheap goods. The downstream market will remain weak due to the weak domestic demand and the shrinking of foreign demand orders caused by the severe overseas epidemic situation.

Since July, the dimethyl ether Market has reached the bottom and rebounded. From July 1 to 26, it showed an upward trend until the turning point appeared on July 27. The market returned to rationality and fell in a weak position. According to the data monitoring of the business agency, the average price of dimethyl ether in Henan market on July 26 was 2466.67 yuan / ton, and that on July 27 was 2436.67 yuan / ton, with a one-day drop of 1.22% and an increase of 11.09% compared with the beginning of the month (July 1).

Regional specification: July 27 compared with the previous day

Mass fraction of dimethyl ether in Shandong area: ≥ 99.0% 2350 yuan / ton 0

Mass fraction of dimethyl ether in Hebei Province: ≥ 99.0% 2500 yuan / ton 0

The mass fraction of dimethyl ether in Henan Province: ≥ 99.0% 2370-2480 yuan / ton – 30 / – 20

Due to the long-term downturn of dimethyl ether in the early stage, the price has been at a low level, most enterprises are facing a loss situation, some enterprises are forced to repair or low load production, some enterprises are limited in sales. Henan, as the main production area of dimethyl ether, has basically balanced production and sales. Under this favorable situation, the dimethyl ether market ushered in a price rise in July. It can be seen from the trend chart of DME in July that from July 1 to 12, the market growth was not obvious, and the price rose steadily; from 13 to 17, the market rose rapidly, with the weekly increase as high as 6.57%; from 18 to 26, the market returned to rationality, the rise slowed down, and the period was dominated by high consolidation; until the 27th, there was a downward market.

Due to the influence of seasonal factors, the current hot weather, the market terminal demand is relatively limited, due to the price pull up too fast in early July, with the end of a new round of downstream replenishment, the mentality of resistance to high prices, have withdrawn from the market to wait and see, consumption of inventory, market trading atmosphere has changed. At present, the weakness of international crude oil has a negative impact on the market, and the strong situation of the civil gas market is not there. On the 27th, the ex factory prices of many regions were lowered, and dimethyl ether was affected by this, and finally it was hard to escape the decline. Take Henan xinlianxin as an example, the price remained stable for two consecutive days from 25 to 26, until the price was first reduced by 20 yuan / ton on the 27th, then the price was adjusted again, and the minimum guarantee policy was implemented from 27 to 28 days. At present, Henan Province is mainly down regulated slightly, while there is no obvious change in Hebei Province and Shandong Province, and the quotation is stable. At present, the operating rate of DME market is only about 10%.

The cost of methanol has been mainly reduced in recent years, but the civil situation of LPG has not been strengthened, so the factory price has been reduced intensively. The weakness of both methanol and LPG affected the market mentality. After the downstream replenishment was in place, they withdrew from the market one after another in the face of high prices, and their mentality was more cautious. However, the current enterprise inventory is operating at a low and medium level, and the pressure is small, so it is mostly adjusted according to its own situation. It is expected that in the short term, the market or horizontal market will be dominated by narrow range consolidation.

1、 Melamine price trend

(Figure: P value curve of melamine product)

2、 Market analysis

This week, the melamine market is mainly stable, strong operation. According to the monitoring sample data of business agency, as of July 24, the average price quoted by melamine enterprises was 5066.67 yuan / ton, which was flat compared with the beginning of the week. Taking three months as a cycle, it decreased by 0.65% year on year. At present, the operating rate of melamine plant is not high, the enterprise has no inventory pressure, the market trading atmosphere is fair, and the price of some enterprises has increased, and the melamine market is running steadily.

According to the data monitoring of the business agency, melamine prices in some regions (for reference only, the actual transaction price is mainly through negotiation): the price of melamine in some areas is higher than that in other regions

Regional July 20 July 24 remarks

Spot exchange quotation of RMB 5000 / T and RMB 5000 / T in Shandong

Spot exchange quotation of RMB 4400 / T and RMB 4500 / T in Xinjiang

Spot exchange quotation of RMB 4800 / T and RMB 4900 / T in Sichuan

Spot exchange quotation of RMB 4900 / T and RMB 4900 / T in Henan

On July 23, the market of upstream urea in Shandong remained stable for a while. The price of liquid ammonia in the upstream dropped slightly recently. The cost support of urea was weak and the demand for downstream was less. The rubber plate factory and compound fertilizer plant followed up appropriately, and the middlemen took delivery cautiously. The urea price was expected to fluctuate slightly in the future.

3、 Future forecast

Melamine analysts believe that in the near future, driven by the low melamine operating rate and the demand in some regions, it is expected that the melamine market will be stable in the near future.

According to the data monitored by the business agency, today’s comprehensive market price is 13733.33 yuan / ton, and the domestic PC market is running weakly and stably with a narrow range of fluctuations. The industry is cautious and wait-and-see. The downstream demand is weak, and the purchasing enthusiasm is general. Therefore, more discussions are given priority to.

The domestic PC market is weak and stable, with limited negotiation space, insufficient follow-up of downstream demand, strong wait-and-see atmosphere among merchants, and a sharp rebound in raw material bisphenol A on Friday, and the cost side may form a certain support for the PC market. At present, the latest quotations of enterprises are 12700-14600 yuan / ton in East China market, 13000 yuan / ton in Luxi Chemical Industry, 13500 yuan / ton in Lihua yiweiyuan, 13500 yuan / ton in Shanghai Branch At present, the reference price of the East China market is 9600-9700 yuan / ton.

On July 19, the rubber and plastic index was 621 points, unchanged with yesterday, down 41.42% from 1060 (2012-03-14), and 17.61% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

PC analyst of business agency thinks: it is expected that the PC market will be weak and stable in the short term, with limited trading space. (the above prices are provided by major PC manufacturers all over the country and analyzed by business PC analysts for reference only. Please contact relevant manufacturers for more price details.)

According to the data monitored by the business agency, as of July 17, the average price of lithium iron phosphate for domestic power type high-grade products was 37000.00 yuan / ton. This week, the market of lithium iron phosphate remained stable, with increased orders, limited demand and little price change.

The market price range of lithium iron phosphate power type is 34500-37000 yuan / ton, which is still stable and has no obvious change. This week, BYD Auto was officially launched, and its model positioning was medium and large. Four models were launched in the market. The latest research and development of BYD used lithium iron phosphate “blade battery”, and recently a large number of Wuling Hongguang were configured, which also used lithium iron phosphate battery, At present, the domestic power type lithium iron phosphate is getting wider and wider in the technical road, and the day of “counter attack” of lithium iron phosphate is coming. In 2016, the total output of power batteries in China was 28gwh, of which 72.5% were lithium iron phosphate cells. In the first half of 2020, the cumulative production of lithium iron phosphate batteries in China accounted for 51.6% of the total output of power batteries, which has exceeded the proportion of ternary batteries Most of the power batteries for commercial vehicles, buses and public vehicles are lithium iron phosphate batteries. It can be seen that lithium iron phosphate batteries have played an irreplaceable role in the power batteries. In the future, the market of lithium iron phosphate batteries will be more and more broad. At present, the price range of energy storage lithium iron phosphate is 28000-33000 yuan / ton, and the average price is about 30000 yuan / ton, The quotation of Mu power lithium iron phosphate enterprise is 37000 yuan / ton for Guangdong Optical Technology Co., Ltd., 37000 yuan / ton for Foshan Defang Nano Technology Co., Ltd., and 37000 yuan / ton for beiteri new energy materials Co., Ltd.

The upstream lithium carbonate is running in a weak position this week, the market atmosphere is flat, and the number of transactions is limited. Most of them hold a wait-and-see attitude and have strong willingness to support the price. At present, the mainstream price range of industrial grade lithium carbonate is 32000-37000 yuan / ton, and the mainstream price range of battery grade lithium carbonate is 39000-41000 yuan / ton,

Compared with the lowest point in 2012, the index of chemical industry dropped from the lowest point of 10.04-16.04 points in the period from July to August 2012, down from the lowest point of 10.04-16.04 points in 2012. (Note: period refers to 2011-12-01 to now)

Business Club lithium iron phosphate analysts believe: lithium iron phosphate market prices remain stable in the short term. (the above prices are provided by major lithium iron phosphate manufacturers all over the country and analyzed by business lithium iron phosphate analysts for reference only. Please contact relevant manufacturers for more price details.)

1、 Price data

According to the data from the business club’s bulk list, the price of domestic refiners’ petroleum coke products rose. On May 15, the average price of petroleum coke in Shandong market was 1120 yuan / ton, while on July 13, the average price of petroleum coke in the market was 1182.5 yuan / ton, up 12.09%. On July 13, the commodity index of petroleum coke was 91.97, flat with yesterday, 40.89% lower than 155.59 (January 25, 2018), and 37.49% higher than 66.89, the lowest point on March 28, 2016. (Note: period refers to 2012-09-30 to now)

2、 Analysis of influencing factors

Since July, the petroleum coke market has entered a stable rising period. The operating rate of petroleum coke units in independent refineries decreased significantly, and the supply of petroleum coke was tight and the price rose. For the time being, the supply of petroleum coke in the main refineries remained stable, while the prices of independent refineries showed a good trend in the near future.

Upstream: in early July, the international crude oil price went up, OPEC + countries firmly reduced production, Saudi Arabia and other countries raised the crude oil price, which boosted the international crude oil price. In the first ten days of July, WTI and Brent crude oil prices rose by 4.15% and 4.89% respectively.

Downstream: the downstream glass market rose steadily. According to the data of the business agency, the overall glass price of this week (7.6-7.10) increased slightly. The average price of glass at the beginning of the week was 18.78 yuan / square meter, and the average price at the weekend was 18.95 yuan / square meter. The price of glass during the week was increased by 0.91%. Recently, the recovery and increase of glass production capacity has also accelerated. In addition, the Meiyu season is affected by weather factors such as rainfall. Production enterprises in some regions rose slightly to boost market confidence and maintain good market sentiment. The traditional sales peak season is coming, and the enthusiasm of downstream traders and processing enterprises to prepare goods has also increased. In terms of carbon, at present, carbon is affected by the upstream raw material petroleum coke. At present, the loss of carbon enterprises has increased, but driven by the price rise of upstream raw material petroleum coke, there is still upward momentum. Silicon metal market with the transaction improved and the end of the bidding, it is expected that the metal silicon market will continue to stabilize.

Industry: according to the price monitoring of the business agency, there are 10 commodities in the energy sector rising and falling list in the 27th week (7.6-7.10) of 2020, with petroleum coke (3.73%), asphalt (3.66%) and gasoline (2.81%). There were 4 kinds of commodities falling on a month on month basis, with coke (- 2.76%), WTI crude oil (- 1.34%) and naphtha (- 1.11%). This week, the average rise and fall was 0.81%.

3、 Future forecast

Due to the shortage of resources, the price of petroleum coke in the local refining market maintained an upward trend. The trading atmosphere of petroleum coke market was good, and it still maintained the upward trend. At present, the transaction of petroleum coke was fair. The number of main units and local refineries will basically remain unchanged, but individual refineries will resume operation, and the overall supply will rise. It is predicted that there will still be a small rise in the petroleum coke market in the later stage, and the overall high-level consolidation market will be the main operation.