1、 Price trend

According to the price monitoring of the business association, on September 27, the average price of salicylic acid (industrial grade) mainstream manufacturers was 13166.67 yuan / ton, which was flat compared with the beginning of the week, decreased by 8.14% compared with the beginning of the month, and decreased by 14.13% compared with the beginning of the year.

2、 Market analysis

Salicylic acid market is relatively stable this week. Recently, the international macro trend is warmer, the export orders of salicylic acid have increased compared with the previous period, the operating rate of domestic downstream enterprises has gradually increased, the overall market has recovered, the enthusiasm of traders to hoard goods has increased, and the offer price has remained stable for the time being. At present, the operating rate of salicylic acid plant is temporarily stable, and the shipment is slowly getting better. In the short term, the market may be consolidated and stabilized. As of September 27, the industrial price of salicylic acid was mostly in the range of 10000-15000 yuan / ton, the price was stable, and the actual transaction was mainly through negotiation.

At the end of last week, the phenol market fluctuated. Although the port inventory was increased near the end of the month, after the downstream terminals prepared goods before the double festival, the market tended to be stable after the initial upward trend. The market was about 5450 yuan / T. the enthusiasm of the intermediate traders was not great, but the low-level source of goods was difficult to find. The offer of the shippers was steadily promoted, and the downstream bisphenol a market was mainly downward and trading Generally, the overall market volume needs to be improved. The domestic phenol Market is expected to be stable and the reference price of phenol in East China is estimated to be 5400-5450 yuan / ton.

3、 Future forecast

Salicylic acid analysts of the business agency believe: at present, the raw material phenol Market is stable, the cost side support is fair, the export and domestic sales are showing signs of recovery, the market trading atmosphere is better, the manufacturers sell at stable prices, and the market is expected to be stable in the short term.

International crude oil demand is expected to decline and crude oil prices will decline. And asphalt market demand peak season for asphalt price support is insufficient, domestic asphalt price fell slightly. According to the price monitoring data of the business agency, the asphalt price was reported at 2325 yuan / ton on September 25, down 2.82% from the beginning of the month.

This week’s EIA data showed that the US crude oil inventory continued to decline, which was good for the international crude oil price; however, negative news such as OPEC’s international discount sales of crude oil, the reduction of crude oil price expectations by Barkley and other institutions, the resumption of production of Libya’s crude oil and the aggravation of the epidemic situation in Europe continue to stimulate the international crude oil market. ETI crude oil prices fell 2.59% this week, while Brent crude oil prices fell 2.29%.

Recently, the weather in most areas such as northeast, North China and Northwest China is sunny, which is suitable for project start-up. In addition, some terminal projects are speeding up. As a whole, the rigid demand for asphalt has increased steadily. There is still a certain amount of rainfall in East China, South China and southwest China, and the demand for asphalt rigidity has not increased significantly. However, the operating rate of domestic asphalt plant remains high, and the domestic asphalt supply is sufficient. From January to August 2020, the total domestic asphalt production will reach 20.4994 million tons, with a year-on-year increase of 2.071 million tons or 10.85%. The international crude oil price has been under constant pressure. The industry is not optimistic about the late price of asphalt. The downstream companies maintain the rhythm of low price and on-demand procurement, and refineries mostly use price reduction and promotion to remove inventory. The market price of asphalt has been continuously lowered.

According to the analysts of the business agency, the international crude oil demand is not expected to be good, the crude oil price is weak, and entering the “golden nine silver ten” asphalt traditional demand peak season, the support for the asphalt price is limited, and the asphalt price is expected to fall steadily and slightly.

According to the data monitored by the business agency, at the beginning of the week, the domestic first-class industrial grade potassium nitrate was quoted at 4150.00 yuan / ton, while at the weekend, it was 4162.50 yuan / ton, a decrease of 0.3%. The current price was down 0.6% month on month, and the current price was 4.86% lower than last year.

This week, the domestic potassium nitrate rose slightly, and the atmosphere was general. The demand for raw materials of downstream factories is relatively light, so purchasing on demand can restrain the price increase, and the price adjustment range is not large. According to the statistics of the business agency: this week, the domestic mainstream manufacturers of potassium nitrate quoted 4000-4400 yuan / ton (the quotation is for reference only), and the quotations vary according to different purchasing situations.

This week, the market of potassium chloride is high and firm, and the supply of port import potassium is relatively sufficient. However, most of the goods are concentrated in the hands of traders to control the sales. The actual transaction is relatively light and small orders are mainly used. On the formation of a certain support for potassium nitrate, potassium nitrate market rose slightly.

In recent years, the potash fertilizer market has maintained a strong trend, traders’ quotation has not been greatly adjusted, and the supply of imported potassium is relatively sufficient. It is expected that the market of potassium nitrate will rise slightly in the short term, while the long-term market still needs to wait and see.

In the third week of September, the DME market continued to rise. According to the data monitoring of business agency, the average price of dimethyl ether in Henan market on September 13 was 2406.67 yuan / ton, and that on September 18 was 2546.67 yuan / ton, up 5.82% in the week and 15.23% higher than that on September 1.

Ushering in the traditional peak season in September, DME finally rebounded successfully and ushered in a rising market. The rise is fierce, with a continuous rise in September. Entering the third week of September, the rising trend of dimethyl ether is still continuing, and the market trading atmosphere is good. After entering September, the cost of methanol rose sharply, boosting the market mentality. Under the pressure of high cost, the manufacturer’s mentality was firm, and they took advantage of the situation to follow the trend and had no intention of falling. Moreover, September is the traditional sales peak season. The current weather and temperature have decreased, and the temperature difference between morning and evening in the northern market is larger, and the demand is better than that in the earlier stage. Although the change is not particularly obvious, the news is good for the market mentality. In terms of supply, Henan Province is the main production area. Yima Kaixiang and BMW are operating at low load due to installation problems, and the market supply is reduced, which also brings certain benefits. Take Henan xinlianxin as an example, since September 14, the manufacturer has continuously raised the ex factory price, ranging from 10-30 yuan / ton, from 2490 yuan / ton to 2560 yuan / ton, and 70 yuan / ton in the week. Although the increase is narrower than that in the earlier period, the price is still firm.

Regional specification Date Quotation

Mass fraction of dimethyl ether in Shandong area: ≥ 99.0%, 2480 yuan / ton on September 18

The mass fraction of dimethyl ether in Hebei area: ≥ 99.0%, September 18, 2550 yuan / ton

The mass fraction of dimethyl ether in Henan Province: ≥ 99.0%, 2480-2605 yuan / ton

At present, due to the decrease of supply in Henan market, the manufacturers’ shipment is smooth, and the inventory is mostly in the low level. Hebei and Shandong upstream mentality is also relatively strong, the shipping atmosphere is mild, mainly with the rise.

In terms of cost, the domestic methanol market was mainly strong during the week, which gave obvious support to the dimethyl ether Market. The main transaction price of Linfen, Shanxi Province, was stable at 1580-1600 yuan / ton, and the offline price in Changzhi area was 1680 yuan / ton. The mainstream transaction price in Jincheng area increased by 30-60 yuan / ton to 1650-1680 yuan / ton. There was no new price in Luliang area. The reference mainstream price in Yuncheng area increased by 20 yuan / ton to 1620-1650 yuan / ton. The main ex factory price in Datong area was 1530 RMB / t spot exchange. The company’s shipment is fair, and fluctuates with the rise of regional price. The transaction price of Shandong methanol in Lubei market may decline slightly, at 1650-1660 yuan / ton, and the transaction may be weak. The quotation of methanol market in southern Shandong is temporarily stable at around 1830-1840 yuan / t spot exchange, and some transactions can be negotiated. Linyi receives local goods of 1760-1800 yuan / ton and delivers them without tax. The quoted price of logistics goods is relatively low. Most of the formaldehyde enterprises mainly execute contracts, but the new orders are limited and the market trading is general.

The trend of LPG civil market is weak, and the benefit to DME is limited. The rebound of international crude oil has brought a certain boost to the market. But at present, although the weather and temperature in the North has turned cooler, the temperature is still relatively high, the terminal demand continues to be weak, the downstream market entry enthusiasm is not high, and the market supply is sufficient, the manufacturer’s shipment situation is general, and the inventory is mostly in the middle high level. In the first ten days of September, the negative atmosphere of the market was relatively strong, and the downstream lacked confidence in the future market. In the short term, it is difficult to make an obvious breakthrough in the civil market of LPG. In the long run, the terminal demand is still expected to improve, and the downstream storage and replenishment demand before the festival, the market is still expected to rise.

At present, the international crude oil rebounded sharply, which brought a certain boost to the domestic gas. However, due to no obvious improvement in terminal demand, the market mentality was unfavorable and the price rise was restrained. In terms of cost, methanol price is firm, and with the downstream start to prepare goods before the festival, there are many favorable factors in the market, and there is still a possibility of upward trend. At present, under the support of traditional peak season, the market mentality is good. In the future, the trend of dimethyl ether Market in the short term is strong, stable and upward.

1、 Price trend

The factory price of octanol in Shandong Province rose this week. This week, the average price of mainstream factory price of octanol in Shandong increased from 7166.67 yuan / ton at the beginning of the week to 7416.67 yuan / ton at the end of the week, an increase of 3.48%, and a year-on-year decrease of 2.20% compared with the same period of last year. Overall, octanol market rose this week, with the octanol commodity index of 54.54 on September 18.

2、 Market analysis

From the manufacturer’s quotation, the main octanol manufacturer’s factory quotation in Shandong Province rose this week: Jianlan Chemical Co., Ltd. quoted 7300 yuan / ton of octanol at the end of this week, 300 yuan / ton higher than that at the beginning of the week; lihuayi’s offer of octanol was 7350 yuan / ton this weekend, which was 250 yuan / ton higher than that at the beginning of the week; Hualu Hengsheng’s offer of octanol was 7600 yuan / ton at the end of this week, compared with the beginning of the week It increased by 300 yuan / ton.

Judging from the upstream and downstream industrial chain, the propylene market in the upstream raw material market of octanol rose this week, with the quotation rising from 7280.45 yuan / ton at the beginning of the week to 7474.55 yuan / ton at the end of the week, with an increase of 2.67%, and a decrease of 6.61% compared with the same period last year. Upstream raw material market price rise, affected by the supply and demand side, has a positive impact on the price of octanol.

Octanol downstream market, DOP factory price rose slightly this week. DOP quotation rose from 7116.67 yuan / ton at the beginning of the week to 7250.00 yuan / ton at the end of the week, with an increase of 1.87%, which was 8.42% lower than that of the same period last year. Downstream DOP prices rose slightly, downstream customers’ enthusiasm for octanol procurement increased, octanol demand increased, DOP price rise had a positive impact on the octanol market. After the market operators more watch the trend of DOP.

3、 Future forecast

In the first ten days of September, the market trend of octanol in Shandong was mainly fluctuated. The upstream propylene market rose sharply, supporting octanol to some extent, and the downstream DOP market was gradually rising, the downstream purchasing enthusiasm was rising, and the octanol supply was normal. Octanol analysts believe that: in the early September of Shandong octanol market, under the influence of supply and demand and raw materials and other aspects, the octanol market may fluctuate and rise slightly.

According to the monitoring of the business agency, the price trend of domestic anhydrous hydrofluoric acid was temporarily stable this week. As of the end of the week, the market price of hydrofluoric acid was 8460 yuan / ton, which was the same as 8460 yuan / ton at the beginning of the week, with a year-on-year decrease of 18.42%.

In recent years, the domestic hydrofluoric acid price trend is temporarily stable. Up to now, the mainstream price of domestic hydrofluoric acid is 7700-8200 yuan / ton. The domestic hydrofluoric acid trading market is weak, and the negative factors of hydrofluoric acid price maintaining a low level include the following aspects:

First, the market price of hydrofluoric acid raw material fluorite remained low. As of the end of the week, the domestic fluorite price was 2655.56 yuan / ton. In recent years, the domestic spot supply of fluorite was sufficient, and the on-site shipment was not active, so the price of fluorite remained low. By the end of the weekend, the mainstream of domestic fluorite negotiation was RMB 2550-2700 / T. the decline of fluorite price was a negative effect on hydrofluoric acid market, and the domestic hydrofluoric acid market price fluctuated at a low level.

Second: the domestic refrigerant market fluctuated at a low level this week. In recent years, the sales market of the automobile industry was average, but the market of refrigerant downstream of the terminal remained at a low level. There was no significant improvement in the demand for refrigerants. However, the export of refrigerants did not change much. However, the domestic air-conditioning industry started at a low level and the demand for maintenance and after-sales was weak Demand has not improved significantly. At present, the load of refrigerant R22 manufacturers is not high, the inventory is in a reasonable range, and the market price is slightly lower. However, the downstream receiving capacity is limited, and there is a lot of wait-and-see mood. The actual transaction center of gravity is shifted downward. Some traders are looking for positive shipment, and the quotation is slightly lower than the manufacturer’s ex factory price. There is a phenomenon of cost inversion. The mainstream of on-site negotiation is 15000-15500 yuan / ton. The domestic R134a market rose slightly, but the automobile market continued to be depressed, the demand was weak, the market trading center shifted downward, and the transaction atmosphere was light. There is sufficient supply of goods in the market, and there are new production capacity coming into the market in the future market. The competition is fierce. The supply side gradually forms a negative situation. The price is at a low level. The downstream demand is not improved. The price trend of hydrofluoric acid market is temporarily stable.

Third, the domestic hydrofluoric acid spot supply is sufficient, the hydrofluoric acid on-site devices operate stably, and the hydrofluoric acid market price remains low. So far, the mainstream hydrofluoric acid negotiation in the southern region is 7700-8200 yuan / ton, and the hydrofluoric acid price in the northern market is 7700-8500 yuan / ton. Recently, the price trend of domestic hydrofluoric acid market is temporarily stable. Some manufacturers report that hydrofluoric acid exists in the cracks, and most of them have serious losses and the stock market is not good.

On the whole, affected by various negative factors, the domestic hydrofluoric acid market price remains low. In addition, the demand of downstream refrigerant industry has not improved significantly, the upstream fluorite price remains low, and the downstream refrigerant product price drops. Chen Ling, an analyst of hydrofluoric acid in the business agency, believes that the market price of hydrofluoric acid may continue to decline slightly.

Trade name: hydrochloric acid

Latest price (September 16): 282.50 yuan / ton

On September 16, the mixed price of hydrochloric acid in Shandong Province fell, which was in line with the quotation on September 14. The upstream liquid chlorine market is generally in general, which gives weak support to hydrochloric acid, while the market of silica and ammonium chloride in the downstream is high consolidation, which brings certain support to the price of hydrochloric acid. At the same time, the maintenance of enterprises has increased recently, the supply of hydrochloric acid is relatively tight, and the downstream purchasing enthusiasm is good. The by-product acid still impacts the market, and the pressure of hydrochloric acid shipment is greater.

Recently, the market price of hydrochloric acid in Shandong area may fluctuate slightly, and the quotation is about 280 yuan / ton.

1、 Price trend

According to the data of the business club, the domestic toluene market rose steadily this week. As of Friday, the domestic average price was about 3450 yuan / ton, up 2.37% month on month.

2、 Analysis and comment

Toluene prices rose steadily this week. Sinopec’s enterprises listed toluene price stable this week. Port inventory continues to fall, but it is still high, and there is still pressure to go to the warehouse. The market supply is still surplus, but the demand for blended oil and solvent in the downstream shows signs of improvement, the demand for toluene is slightly improved, the market trading atmosphere is slightly improved, and the overall supply and demand situation tends to be balanced. At present, the mainstream price in East China is about 3450 yuan / ton. Worries about the reduction of crude oil demand caused by the new coronavirus epidemic and the impact of geopolitical tightening on economic recovery worries, the future market continued to pay attention to the fluctuation of US dollar index and stock market, the influence of geopolitical situation in the Middle East on crude oil supply, the development progress of new coronavirus vaccine and the continuous spread of overseas epidemic situation, the impact of economic restart recovery on crude oil demand, as well as the situation of global economic recovery and Europe us push The progress of the economic recovery rescue plan.

Upstream, crude oil novel coronavirus pneumonia is facing a severe global epidemic situation, exacerbating the energy demand outlook. In addition, U.S. crude oil inventories rose unexpectedly, traders began to re order oil tankers to store crude oil and diesel oil, Saudi Arabia cut prices sharply, and the situation of global oversupply will continue. As of Friday, spot Brent fell $2.165/barrel to close at $39.045/barrel, down 5.25% from last week. Analysts and traders are short on the outlook for next week’s crude oil, according to fx168′s weekly financial market survey released on Saturday (September 12). Next week will focus on the OPEC + market surveillance group meeting to be held on September 17.

Downstream, TDI, this week continued to rise, market prices continue to rise. Market news: in September, the listing price of Wanhua chemical increased by 2000 yuan / ton to 19000 yuan / ton, and the listing settlement price this week was 18500 yuan / ton. It is expected that the short-term TDI market will maintain an upward trend. In terms of PX market, Sinopec’s listed price this week is about 4600 yuan / ton, and the latest price of external disk is about 528 US dollars / ton FOB Korea and 546 US dollars / ton CFR China. It is expected that the short-term PX market will continue to decline slightly.

3、 Future forecast

According to toluene analyst of chemical branch of business agency: first look at the supply cost side, the total number of us oil drilling wells, EIA and API inventory data, and the implementation of OPEC + production reduction. Second, on the demand side, the impact of the continuous spread of the global second epidemic on the economic restart of crude oil demand, the progress of industrial chain recovery, the geopolitical situation of the Middle East and China and the United States, and the economic and trade situation of Europe and the United States. Third, look at the dollar index and stock market linkage. Next week, we will focus on the fluctuation of US dollar index and stock market, and the impact of Sino US economic and trade situation on the trend of crude oil. Overall, it is expected that the domestic market toluene price will usher in an adjustment trend next week.

According to statistics, the price of domestic ammonium nitrate rose this week. As of the end of the week, the domestic market price of ammonium nitrate was 2400 yuan / ton, which was 2.56% higher than the price of 2340 yuan / ton at the beginning of the week, with a year-on-year increase of 21.01%. On September 11, the commodity index of ammonium nitrate was 126.32, which was the same as yesterday, reaching a record high in the cycle, up 63.27% from the lowest point of 77.37 on October 31, 2016. (Note: period refers to 2013-02-01 to now).

This week, the price trend of domestic ammonium nitrate market rose. The start-up of domestic ammonium nitrate manufacturers declined, and the supply of ammonium nitrate in the field was tight. Some manufacturers reported that the situation of goods taking was improved, and the price trend of manufacturers increased slightly. Recently, the supply of on-site goods was tight, the transportation was normal, and the market price of ammonium nitrate went up. Recently, the shipment market of ammonium nitrate manufacturers is normal, downstream procurement is on demand. Domestic ammonium nitrate manufacturers have started to decline, and some manufacturers have increased their prices. Up to now, the mainstream negotiation in Shaanxi is 2300-2500 yuan / ton, that in Shandong is 2100-2200 yuan / ton, and that in Hebei is 2600-2800 yuan / ton.

This week, the price trend of domestic concentrated nitric acid was temporarily stable, with the weekend price of 1500 yuan / ton, Jiangsu Hongze Yinzhu chemical industry quoted 1500 yuan / ton, Anhui Jinhe quoted 1400 yuan / ton, Shandong helitai quoted 1750 yuan / ton. Anhui Aodeli quoted 1450 yuan / ton; Wenshui County synthetic chemical industry quoted 1580 yuan / ton. In recent years, the domestic maintenance units have been running normally, the supply of concentrated nitric acid market is normal, and the situation of on-site goods taking is general. The price trend of nitric acid in the field remains low. The low price of nitric acid is the negative effect of ammonium nitrate Market, and the price increase of ammonium nitrate Market is limited.

The price trend of upstream liquid ammonia rose slightly this week, and the price trend of liquid ammonia rose 0.21% this week. The start-up of liquid ammonia plant was normal, the spot supply was normal, and the market price of liquid ammonia rose slightly. However, due to the impact of inventory pressure, the liquid ammonia plants in Shandong are stable, and the price of liquid ammonia has returned to stable. It is expected that the domestic liquid ammonia market will not change much in the near future, and the trend of various regions will be differentiated to some extent, which may lead to partial imbalance of supply due to the maintenance of some units in the short term. On the demand side, the downstream procurement may slow down in the later stage, resulting in some pressure in the later stage of liquid ammonia supply. Domestic liquid ammonia supply pressure still exists, especially the regional imbalance, which leads to greater supply pressure in some regions. In terms of demand, the peak season of downstream fertilizer demand is no longer, the upstream liquid ammonia market price rises slightly, and the market price trend of ammonium nitrate rises slightly.

In recent years, the demand of the downstream civil explosive industry is limited, and the production and sales of nitro compound fertilizer are in general, and the price trend of raw material market remains low. However, the spot supply of ammonium nitrate is tight, which has a certain positive support for the ammonium nitrate Market. The ammonium nitrate analysts of the business community believe that the market price of ammonium nitrate may rise slightly in the future.

1、 Price trend

According to the business club’s big list data, the price of pure benzene in Shandong continued to rise this week. On August 30, the listed price of pure benzene was 3020-3450 yuan / ton (the average price was 3390 yuan / ton); this Sunday (September 6), the listed price of pure benzene was 3170-3450 yuan / ton (average price was 3410 yuan / ton), the average price was 0.59% higher than last week.

2、 Analysis and comment

This week, due to the completion of maintenance of some downstream units in Shandong Province, the purchase enthusiasm for pure benzene increased, and the price of styrene rose, which led to the continuous pursuit of pure benzene. This week, pure benzene port inventory increased slightly, inventory pressure restricts the price rise.

On the external side, the external market rose slightly this week. On Friday (August 4), South Korea imported 435 US dollars / ton of pure benzene, an increase of 7.67 US dollars / ton, or 1.79% compared with August 28; and that of East China was 444 US dollars / ton, an increase of 6.5 US dollars / ton, or 1.49% compared with August 28.

In terms of crude oil, this week’s news of crude oil was negative, oil and gas production in the Gulf of Mexico recovered, and prices fell rapidly. Compared with August 28, Brent fell $3.665 per barrel, or 8.17%, while WTI fell $3.14 per barrel, or 7.25%. Compared with December 31, 2019, Brent decreased by 38.28%, and WTI decreased by 33.93%.

Downstream: on September 4, the price of styrene in Shandong was 5366.67 yuan / ton, up 66.67 yuan / ton or 1.26% over last week.

Aniline increased by the cost side, and enterprise inventory is not high. On September 4, the price of aniline in Shandong was 4350-4480 yuan / ton, and that in Nanjing was 4500-4700 yuan / ton.

3、 Future forecast

In terms of crude oil, the oil price fell back to the level before the hurricane, and there was little room for further downward movement, with the main range fluctuation expected.