Price Trend

According to commodity data monitoring, the price of isopropanol in eastern China fell in April. At the beginning of the month, the average price of isopropanol in East China was 5 475 yuan/ton, and at the end of the month, it was 4 925 yuan/ton. The price fell within the month by 10.05%.

II. Market Analysis

Products: In April, the domestic isopropanol rose slightly and began to dive. Eastern China was affected by the factory shutdown in January and began to raise prices substantially. The holders began to raise their offer. However, due to the low operation of raw material acetone and the decline of propylene, the demand is not supported. Isopropyl alcohol ended the upstream road and began to dive, downstream buy-up does not buy-down, bearish expectations for the future still heavy mentality, weak operation, market turnover is not smooth led to the increase of isopropyl alcohol factory inventory. In addition, the export pressure of factories in April is high, and the increase of domestic sales will undoubtedly increase the speed of factory shipments. By the end of the month, the range of isopropanol negotiations in Shandong was 4800-4900 yuan/ton, that in Ningbo, Zhejiang was 4900 yuan/ton, that in Jiangsu was 4900-4950 yuan/ton, and that in Guangdong, South China was 5400 yuan/ton.

Industry chain: Looking from the upstream, the price of acetone in East China is low this month, and the market price is around 2900 yuan/ton. Influenced by raw material acetone, isopropanol market weakened. The downstream is mostly wait-and-see, with limited buying. Propylene prices fell slightly this month, by 2.64%. Reference is around 6800 yuan/ton. The cost of propylene isopropanol is upside down, but the effect of forced support is very little. Downstream mostly wait-and-see, buying enthusiasm is not high.

3. Future Market Forecast

Analysts of isopropanol in the branch of business society and chemical industry believe that the price of raw material acetone and propylene are at a low level, the demand is lack of support, and the cost side depresses the market mentality. Downstream demand is low and buying enthusiasm is not high. Isopropyl alcohol market is still negative, continue to maintain low mainly.

Price Trend

According to the data from the business associations’list, the overall price of xylene in China fell this week. At the beginning of the week, the average price of xylene was 5,737 yuan per ton. On Friday, the average price of xylene was 5,676 yuan per ton, with a weekly decline of 1.07%.

II. Analytical Review

1. Crude oil: At the beginning of the week, the United States intends to completely cut off Iranian crude oil exports to exert pressure on Iran. The international oil price has been greatly affected by this, ushering in a major upward breakthrough and boosting commodities. On Friday, Russia said there was no risk of a shortage of supply in the current market. Trump asked OPEC to help reduce oil prices and international oil prices fell sharply. Spot Brent $71.2-74.31 per barrel. Overall, the toluene market is supported by the high level of crude oil, and the price has not changed much.

2. FOB Korea toluene reference price is also affected by crude oil, from $738 per ton in midweek to $723 per ton on Friday. The toluene prices of Sinopec’s subsidiaries in North and South China have been lowered.

3. Downstream: The inventory of xylene port has decreased, and the inventory of East China is about 110,000 tons. Xylene market entered the delivery period, mainly in spot circulation, the downstream demand increased, the market negotiation atmosphere was good, the attention was mostly focused on the PX device start-up.

3. Future Market Forecast

Analysts of Xylene Branch of Business Society and Chemical Industry believe that in general, the recent large-scale xylene plant has entered the overhaul period, and the output has slightly decreased. The price of international crude oil has fallen sharply in recent days, while the market of xylene is relatively stable, so it is expected that the price of xylene will fall with the oil price in the near future.

On April 22, the ammonium nitrate commodity index was 107.02, which was the same as yesterday. It was 9.63% lower than the cyclical peak of 118.42 points (2019-01-15), and 38.32% higher than the lowest point of 77.37 on October 31, 2016. (Note: Period refers to 2013-02-01 to date)

Recently, the price trend of domestic ammonium nitrate Market has maintained a low level. Affected by environmental protection control, domestic ammonium nitrate plants shut down more, and domestic ammonium nitrate plants started less. However, with the warming of the weather recently, the influence of northern air limitation disappeared. In addition, due to the complete shutdown of domestic downstream civil explosion industry, domestic ammonium nitrate manufacturers have more stockpiles and the price trend in the field has declined. As of the 23rd day, the domestic ammonium nitrate market price negotiation was between 1900 and 2100 yuan/ton, affected by environmental protection, so now many manufacturers in many areas have been forced to limit production or stop production and maintenance to accept environmental protection inspection, the price trend of ammonium nitrate on the site is weak.

Recently, the domestic nitric acid price trend is temporarily stable. The market price of nitric acid is 1560 yuan/ton on the 23rd day. The stable trend of nitric acid price has little influence on the ammonium nitrate market, and the price trend of ammonium nitrate is stable. The price trend of upstream raw material liquid ammonia has slightly declined, and the market price of liquid ammonia on the 23rd day is 3503.33 yuan/ton. The downward trend of upstream raw material price has a negative impact on the ammonium nitrate market. Ammonium acid market price trend is temporarily stable. At the end of the peak season of the downstream civil explosion industry recently, the demand for ammonium nitrate has weakened and the stocks of ammonium nitrate manufacturers have increased, but the liquid ammonia market is on the rise again. The ammonium nitrate Market has slightly declined due to the bad market. Ammonium nitrate analysts believe that the recent upstream raw material market price shocks, but the downstream demand is not good, ammonium nitrate market prices are expected to maintain shocks in the later period.

Price Trend

The domestic phenol market was reorganized and operated this week. According to the monitoring data of business associations, phenol petrochemical factories in eastern China had offered 7800 yuan/ton and 7700 yuan/ton in the local market by the end of this month. At the beginning of the week, manufacturers in eastern China offered 7800 yuan/ton. At the weekend, other manufacturers have not adjusted except for the 50 yuan/ton increase of Levayuan Chemical.

II. Analytical Review

Products: Domestic phenol Market range shocks. Eastern China venue atmosphere is flat, the operator interval is controlled and stable, the downstream terminal purchase just needs to follow up; North China is affected by the progress of the contract, the supply is tight, the supplier intends to overstate the delivery, and the terminal purchase is cautious. Ports remained at a high level, with a stock of 32,000 tons at East China’s phenol port.

Up to now, the market offers are as follows: the mainstream reference offer in East China is 7700 yuan/ton, the Yanshan region is 7950 yuan/ton, the Shandong region is 7850 yuan/ton, the Henan region is 8000 yuan/ton, and the South China region is 8150 yuan/ton.

Industry Chain: Pure Benzene: Pure Benzene is negotiated around 4400 yuan/ton. At present, although the difference between internal and external prices is wide, domestic supply is loose, and the prices on the market are weak. Hengli Shipping is further short-term market expectations, and today’s market is expected to continue weak shocks. Propylene: The decline of propylene market shows signs of expansion. Some propylene producers with large inventory pressures have large downward fluctuations in prices. The mainstream turnover is 6900-6950 yuan. The downstream terminal starts smoothly and needs to be purchased mainly at present.

3. Future Market Forecast

Domestic phenol Market is mainly short-term wait-and-see, market prices are also low, but the late rebound momentum is insufficient. Business associations expect the short-term market atmosphere of phenol Market to be stable, and the negotiation range in East China is expected to be 7700-7800 yuan/ton.

I. The price trend of epichlorohydrin:

According to the data from the business associations’list, as of April 18, 12,000 yuan/ton of epichlorohydrin (including taxes), fell by 8.86% compared with last week’s 11, and today’s domestic mainstream price of epichlorohydrin is 11800-12,200 yuan/ton.

2. Market analysis:

Products: Epichlorohydrin market declined. At present, the shipment of manufacturer is not smooth, and the delivery of profit is the main.

Industry chain: The upstream propylene market is abundant in supply, and the local refinery stock is accumulated. The downstream factories are more cautious to avoid high-price supply.

3. Future market forecast:

It is expected that short-term domestic market quotation of epichlorohydrin is mainly weak.

On April 17, according to the monitoring of business associations, the market performance of domestic liquid ammonia is bullish, today’s quotation is slightly higher, the transaction is slightly stalemate, some factories are mainly stable, some factories are rising slightly, the increase range is 30-50 yuan/ton, the price is still high, the price of factories in the northern region is maintained in the range of 3450-3550 yuan/ton, the price of factories in the northwest region is around 3000 yuan/ton, and the inventory pressure of factories is one. General, normal shipment, rational purchasing of downstream manufacturers.

In the future, business associations believe that this week’s market may continue to soar, mainly to maintain high prices.

Price data:

According to the monitoring data of the business associations’list, the domestic bromine market has been running steadily this week, and the industry as a whole has started to work normally. The average price of bromine has remained around 35,000 yuan/ton in the week, up 29.46% from the same period last year.

II. Cause Analysis

Products: This week, domestic bromine production enterprises mostly normal production, abundant market supply, demand-side support is still acceptable, the overall supply and demand balance. In some start-up enterprises, such as Shandong Haiwang Chemical Company, Dongyue Fine Chemical Company, Weifang Longmao Chemical Company, Shandong Haihua Company and Tianjin Changlu Haijing Company, the daily output is about 20 tons, 5 tons, 8 tons, 15 tons. At present, the mainstream quotation of enterprises is about 3450-35000 yuan/ton, and the actual transaction price is based on enterprise negotiation.

Industry chain: This week, the bromine upstream industry has been weaker, such as the sulfur market declined by 1.76% in the week as a whole, and the current quotation is about 1113 yuan/ton; the caustic soda market dropped by 5.86% in the week, and the current quotation is about 696 yuan/ton; the soda market has been stable in the week, with the current quotation of about 1940 yuan/ton; the sulfuric acid price dropped by 6.62% in the week, and the current quotation is about 352 yuan/ton. At present, the industry of flame retardant and intermediates downstream of bromine just needs to be stable, and the price of bromine is stable. However, due to the explosion of Jiangsu Chemical Plant, some chemical parks are closed and the demand side is bound to decline.

3. Future Market Forecast

Business bromine industry analysts believe that at present domestic bromine market enterprises generally normal production, downstream user demand support is still good, market supply and demand balance; downstream demand is gradually weakening, the market is about to oversupply situation, bromine prices are expected to decline weakly in the future.

Price Trend

According to data from business associations, the market of DMF fell this week. The average price of DMF was 4766.67 yuan/ton last weekend (April 1), 4833.33 yuan/ton on the weekend (April 4), a decline of 0.69%, and the current price fell 19.44% compared with last year.

II. Market Analysis

Products: This week, the market of DMF fell sharply. The price quoted by the mainstream manufacturers in East China ranged from 4950 to 5050 yuan per ton, while that of the mainstream manufacturers in Guangdong Province ranged from 5200 yuan per ton. Zhejiang Jiangshan Chemical Industry’s 180,000 tons/year DMF plant stopped for overhaul on January 3 and has been restarted. DMF inventory is still acceptable and prices are falling.

Industry chain: The upstream methanol market is affected by macro and port stocks. At the beginning of the week, the price is 2380.00 yuan/ton, and at the end of the week, it is 2417.00 yuan/ton, up 1.56%. The start-up rate of domestic pulp plant increased, the purchase was active, and the price of DMF fell.

3. Future Market Forecast

Upstream methanol market has improved slightly in recent days, downstream demand is still good, so business associations DMF product analysts believe that short-term DMF market consolidation is the main.

Price Trend

According to the price monitoring of business associations, as of April 2, the average price of domestic aggregated MDI market was 18,100 yuan/ton, and the overall market price continued to rise.

II. Market Analysis

Products: Domestic aggregate MDI market price range shock finishing. The manufacturer’s news is light. Coase’s guided price this week is 16,800 yuan/ton. The supply of goods is scarce. The overall mentality of the traders is general. The quotations of traders follow suit and fluctuate little. The mood of stocking up before the Qingming Festival is not good, and maintaining just need is the main thing. This week is expected to aggregate the MDI market interval consolidation.

On the market side, the price range of aggregated MDI in South China is sorted out. Pre-festival stockpiling mood is not high, downstream caution, coupled with the recent market has heard of low prices, the industry often follow the market delivery. The price range of aggregated MDI in East China is sorted out. Influenced by Koth’s guidance price, the market atmosphere is quiet, but with the support of manufacturer’s cost, trader’s quotation remains stable. With the supply gradually tightening in the later period, there is still room for price increase. The aggregated MDI prices in North China continue to be sorted out in intervals. Influenced by Koth’s guidance price, the market atmosphere is quiet, but with the support of manufacturer’s cost, trader’s quotation remains stable. With the supply gradually tightening in the later period, there is still room for price increase.

Industry chain: As for raw materials, driven by the rise of stock market and commodities, the pure benzene Market in East China has warmed up slightly. The spot price is 4280-4300 yuan/ton, the selling price is 4370 yuan/ton, the next purchase price is 4330-4370 yuan/ton in April, and the selling price is 4380-4450 yuan/ton. May buy 4360-4390 yuan/ton, sell 4400-4500 yuan/ton. Aniline: The market atmosphere was light at the beginning of the month. The spot price of pure benzene in East China was 4250-4350 yuan/ton, the purchase price was 4250 yuan/ton in April, and the sale price was 4350-4400 yuan/ton.

3. Future Market Forecast

Business Cooperative Viewpoint: On the positive side, the month listing factory crescent listing moved up broadly; Wanhua, Basf controlled the volume of goods released; April factory maintenance is more concentrated. On the negative side, the downstream demand has just rebounded slowly; foaming agent 141B has risen sharply and the cost level has moved up, which indirectly affects the demand for MDI at the terminal. The mood of stocking up before the Qingming Festival is not good, and maintaining just need is the main thing. Business Aggregate MDI analysts expect that this week aggregate MDI market range consolidation is the main.

Price trends:

According to statistics, the domestic ammonium nitrate ex-factory price declined slightly in March. At the end of the month, the average price was 2033.33 yuan/ton, which was 1.61% lower than that at the beginning of the month, and 7.15% lower than that at the beginning of the month.

2. Market analysis:

Products: The price trend of domestic ammonium nitrate Market declined slightly in March. Affected by environmental protection control, domestic ammonium nitrate plant shut down more and domestic ammonium nitrate plant started less. However, due to the complete shutdown of domestic downstream civil explosion industry after the Spring Festival, domestic ammonium nitrate manufacturers have more stockpiles and the price trend in the field is slightly lower. As of the end of the month, the domestic ammonium nitrate market price negotiations in 1900-2100 yuan/ton, affected by environmental protection, gas limitation and so on, so now many manufacturers in many areas are forced to limit production or stop production for maintenance to accept environmental protection inspection, the price trend of ammonium nitrate on the site shocks.

Industry chain: The domestic price of nitric acid rose in March, with the market price of 1560 yuan/ton at the end of the month and 0.64% in March; the price of upstream raw material liquid ammonia rose sharply, with the market price of liquid ammonia at the end of the month at 3460 yuan/ton and the price trend of March rising by 21%. The rising price of upstream raw material has a positive impact on the market of ammonium nitrate. Because of the bad market of goods, the low level is maintained. Recently, the downstream civil explosion industry has entered the off-season. The demand for ammonium nitrate Market has weakened and the inventory of ammonium nitrate manufacturers has increased. However, the nitric acid market is on the rise again, and the price trend of ammonium nitrate is limited.

Industry: Recently, the domestic ammonium nitrate industry has been strictly controlled by the state. Some enterprises have stopped production. The downstream civilian explosion industry has entered the off-season. The domestic ammonium nitrate market trend is relatively stable.

3. Future market forecast:

Ammonium nitrate analysts believe that the recent upstream raw material liquid ammonia market prices continue to rise under pressure, coupled with a more stable trend of nitric acid prices, ammonium nitrate market prices are expected to remain volatile in April.