According to statistics, in March, the trend of domestic p-xylene ex factory price fell sharply. At the beginning of the month, the domestic price was 6300 yuan / ton, and at the end of the month, the price of domestic PX market was 4300 yuan / ton. The price trend fell by 31.75%, 46.91% year-on-year. The external price of PX fell sharply, and the external dependence of domestic PX market was high. The decline of external price was a negative effect of domestic price.

In recent years, the market price trend of p-xylene in China has declined significantly. The domestic PX operation rate is about 70%. The 600000 ton new unit of Sinochem Hongrun Petrochemical Co., Ltd. has been put into operation. The operation of Yangzi Petrochemical plant is stable. The first line of Fuhai Chuang plant has been started. The operation of Pengzhou petrochemical plant is stable. The operation of Yangzi Petrochemical PX plant is normal. The operation of Jinling Petrochemical plant is stable. The operation of Qingdao Lidong plant is full load. Qilu Petrochemical plant is in full load operation The operation of petrochemical plant is stable, the start-up of Urumqi petrochemical plant is about 50%, the operation of Hengli petrochemical plant is normal, the domestic p-xylene supply is sufficient, and the domestic market price is significantly lower. Affected by the plummeting international crude oil price, the external price of PX fell sharply in March. As of the 27th, the closing price in Asia was US $471-473 / T FOB South Korea and US $491-493 / T CFR China. Recently, several PX units in Asia are still under maintenance. As a whole, the operating rate of PX units in Asia is about 70%, the supply of PX goods in Asia is normal, and the closing price of PX is significantly lower The price of p-xylene in the domestic market fell sharply.

Influenced by international health events and Saudi Arabia’s crude oil production increase, the closing price of international crude oil fell sharply in March. As of the 27th, the price of WTI crude oil futures market in the United States continued to fall, with main contracts at 21.51 yuan / barrel and Brent crude oil futures market at 27.95 USD / barrel. The closing price of crude oil fell sharply in March, which lost the cost supporting role for downstream petrochemical products. Domestic Influenced by the sharp decline of raw material prices, petrochemical products have declined to varying degrees, and the domestic market price trend of p-xylene has declined significantly.

In March, the price trend of PTA Market in the downstream fell sharply. As of 30, the price of PTA Market in East China was about 3300-3400 yuan, down 21.30% in March. In this sudden public health event, the terminal weaving enterprises were the most affected in PTA industry chain, and when the downstream production could resume became the most worried topic in the market. In recent years, many countries in the world have been affected, the export of domestic textile industry has been greatly restricted, the downstream demand is poor, and the price of domestic PTA market has fallen sharply. With the promotion of resumption of production and gradual recovery of the downstream, the operating rate of Jiangsu and Zhejiang looms has returned to 73%, returning to the normal level. However, overseas textile demand in Europe and the United States has plummeted, accounting for nearly 60% of China’s textile exports, with weak overseas demand, less domestic textile export orders and overstock of domestic textiles. From the perspective of polyester end, at present, the load is restored to a higher level, and the inventory is still high. There are 30-35 days for each polyester library. Affected by the decline of export orders, the inventory and capital pressure of textile enterprises will rise, the enthusiasm of starting in the second quarter will decline, and the loom operating rate will decline, which will aggravate the accumulated pressure of polyester industry, thus forcing it to reduce the load. The domestic market for p-xylene will be affected by the lower downstream price, and the market price of p-xylene will fall sharply.

Chen Ling, an analyst at Px, a business agency, believes that in the near future, the crude oil price has plummeted, the downstream PTA market price has fallen sharply, and the terminal market inventory is high, so the export is limited. It is expected that the market price of p-xylene will continue to fall in the later period.

This week, some prices in the domestic rare earth market fell slightly. In recent years, downstream demand has decreased, and some prices in the rare earth market fell slightly. According to the rare earth sector index of the business association, the rare earth index was 339 on March 26, down 3 points from yesterday, 66.10% from the highest point of 1000 in the cycle (2011-12-06), and 25.09% higher than the lowest point 271 on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).

As of March 27, the average price of Neodymium in rare earth metals in China was 3725000 yuan / ton, with a decline of 0.8% this week and a year-on-year decline of 0.67%; the average price of dysprosium was 2325000 yuan / ton, with a stable price trend of 30.25% this week; the average price of praseodymium was 640000 yuan / ton, with a decline of 0.78% and a year-on-year decline of 7.25%. In rare earth oxides, the average price of praseodymium neodymium oxide is 270000 yuan / ton, down 0.74%, down 6.09% year on year; the price of dysprosium oxide is 1830000 yuan / ton, down 2.92%, up 24.49% year on year; the average price of praseodymium oxide is 310000 yuan / ton, down 3.12%, down 18.42% year on year; the average price of neodymium oxide is 289500 yuan / ton, down 0.69%, down 1.03% year on year. The price of praseodymium neodymium alloy in rare earth alloy is 340000 yuan / ton, down 1.02%, down 8.72% year on year; the average price of dysprosium ferroalloy is 1815000 yuan / ton, down 1.89% this week, up 23.47% year on year.

This week, the price trend of heavy and rare earth in the rare earth market fell, the supply of domestic heavy and rare earth market increased, and the import source of heavy and rare earth was tight. Myanmar unilaterally closed the customs clearance port, but the domestic manufacturers continued to resume work, the domestic supply increased, and the price trend of domestic heavy and rare earth dropped slightly. In the near future, permanent magnet demand is normal, market trend of praseodymium and neodymium series products is mainly low, on-site supply is normal, light rare earth demand is general in the near future, and some market prices are slightly down. The price fluctuation of rare earth market is related to the national environmental protection supervision. Rare earth production has particularity, especially some products have radiation hazards, which makes the environmental protection supervision more strict. Under the strict inspection of environmental protection, the manufacturer reasonably controls the sales, but the downstream demand has not changed much in the near future, and the price trend of most rare earths is mainly stable.

According to the Ministry of industry and information technology and other documents, by 2025, the sales of new energy vehicles will account for about 25%. Global electrification is stepping into the acceleration period of high-quality models at the supply side. China’s double point policy and European carbon emission requirements have established a long-term development mechanism for new energy vehicles. Driven by national policies, the supply and demand pattern of rare earth industry is expected to further improve, domestic demand in China has improved, and the price of heavy rare earth in domestic rare earth market remains high. Recently, the Ministry of natural resources and the Ministry of industry and information technology issued the notice on the issuance of the total amount control index (the first batch) for the exploitation of rare earth ores and tungsten ores in 2020, which specified that the total amount control index for the exploitation of the first batch of rare earth ores (rare earth oxide REO) in China is 66000 tons, and the total amount control index for the exploitation of tungsten concentrate (65% of tungsten trioxide) is 52500 tons. The national policy is conducive to the balance of supply and demand of rare earth industry. In the near future, the market supply of heavy rare earth has increased, and the market price has dropped slightly.

Rare earth analysts of business agency expect that the intensity of domestic environmental protection scrutiny will not decrease in the near future, but the demand of domestic rare earth market will decrease in the near future, and the supply and demand pattern will change. It is expected that the price of heavy rare earth in rare earth market will continue to decline, and the price trend of light rare earth market will fall.

With the spread of the overseas epidemic, the disinfectant that was once in short supply in China began to be in short supply overseas. The reporter of Shanghai Securities News recently learned from the business agency that the export order of isopropanol, as the main disinfectant overseas, has increased significantly in recent years, and the operating rate has increased, along with the price of upstream acetone.

Isopropanol has the smell of mixture of ethanol and acetone, and has a strong bactericidal ability. It is a medium effect disinfectant. Its scope of application is the same as that of ethanol. It can be used as a compound disinfectant instead of ethanol.

Agency data show that as of March 17, the price of isopropanol per ton in the FOB US Gulf, Der us, FD northwest Europe and FOB Rotterdam had reached 920 US dollars, 980 US dollars, 3100 euros and 3296 euros, respectively, up 12%, 11.36%, 138% and 142% on that day, while the price of isopropanol in East China and South China had reached 7700 yuan / ton and 7800 yuan / ton, up 16% and 12% on last month, respectively 。

According to the data of business agency, the reference price of isopropanol was 7900 yuan / ton on March 20, up 20.15% compared with 6575 yuan / ton on March 1.

Due to the cost constraints, the use of ethanol as a disinfectant is more common in China, and the previous epidemic did not pull up the isopropanol market.

But overseas, isopropanol is more likely to be used as a disinfectant. With the spread of the epidemic, overseas demand for disinfectants has surged, and the demand for isopropanol disinfectants has been in serious shortage. In addition, some countries restrict the import of alcohol, which further stimulates the export demand for isopropanol. At present, with the increase of export orders, the operating rate of isopropanol manufacturers has greatly increased, some factories have closed their orders without reporting, and traders have a positive attitude.

What’s more surprising is that the price of raw material acetone also rose against the trend. Before the festival, the acetone market in East China was quoted as high as 5700 yuan / ton. After the Spring Festival, due to the low demand and blocked transportation, the price first fell below 5000 yuan / ton, and then fell to 4200 yuan / ton with the decline of crude oil in March. The outbreak of overseas epidemic suddenly changed the price curve of acetone. At present, the price of acetone in East China rose 600 yuan / ton in three trading days, returning from the buyer to the seller’s market overnight.

According to the monitoring of the business agency, the offer of acetone in East China is 4750 yuan / ton, the offer of acetone in Shandong and around Yanshan is 4450 yuan / ton, and the offer of acetone in South China is 4800 yuan / ton.

Analysts said that the current overseas outbreak is still in the outbreak period. In terms of time, the demand for disinfectants will not weaken in April, the short-term export volume of isopropanol will continue to increase, and the isopropanol acetone market will continue to push up.

1、 Price trend

According to the data of the large scale list of business agencies, the domestic toluene market price fell sharply this week. As of Friday, the domestic average price was about 3780 yuan / ton, down 14.29% on last week.

2、 Analysis and comment

1. Product: the overseas epidemic continues to spread, worrying about the shrinking demand for crude oil due to the economic recession, and adding to the OPEC + production increase expectation. Affected by this, the price of international crude oil fell sharply this week, as well as the price of toluene in South Korea, the main source of toluene import. Although domestic enterprises have entered the resumption period and the market demand has gradually improved, the price of toluene in China still follows the decline. At present, China The main price in the East is about 3900 yuan / ton.

2. Industrial chain:

Upstream, in terms of crude oil, the international oil price fell sharply at the beginning of this week and maintained a wide and volatile trend. As of Friday, Brent futures fell by 17.30%, Brent futures by 14.92%, WTI futures by 23.78% and Dubai futures by 8.30%.

Downstream, TDI: at present, toluene TDI’s external quotation is about $557 / T FOB ARA, and the quotation of domestic goods with tickets is 10500 yuan / T for reference. It is expected that the TDI market trend will be hard to be optimistic next week. Pay close attention to the factory’s later information guidance and the actual market trading situation. As for PX market, the price of domestic Sinopec’s enterprises this week is about 5500 yuan / ton, and the latest price of foreign market is about 514 US dollars / ton for FOB South Korea and 532 US dollars / ton for CFR China. It is expected that PX market price will gradually stabilize and fluctuate next week.

3、 Future forecast

Toluene analyst of business and chemical branch said: next week, we will continue to focus on the news of OPEC + production reduction agreement, concern about global economic recession due to the continuous spread of overseas epidemic, international crude oil trend and the progress of downstream enterprises’ resumption. On the whole, it is expected that the price of toluene in the international crude oil market and South Korean market will gradually stabilize next week. In addition, domestic enterprises will gradually enter the resumption period, and the market demand will gradually improve. It is expected that the price of toluene in the domestic market will stabilize and fluctuate next week. However, in the environment of high inventory of toluene industry and not smooth recovery of industrial chain, it is not optimistic to expect the rebound range.

1、 Price trend

According to the price monitoring of the business agency, the comprehensive price of potassium chloride is temporarily stable this week. This week, the average price of the mainstream comprehensive quotation of potassium chloride was 2175.00 yuan / ton, down 7.45% year-on-year compared with the same period last year. Overall, this week’s potassium chloride market was temporarily stable, with the potassium chloride commodity index at 69.05 on March 20.

2、 Market analysis

The quotation of mainstream potassium chloride manufacturers this week is temporarily stable: the weekly ex factory quotation of Qinghai Salt Lake potassium chloride is 2100 yuan / ton, which is temporarily stable compared with that at the beginning of the week; the weekend distribution quotation of Anhui Badu potassium chloride is 2250 yuan / ton, which is temporarily stable compared with that at the beginning of the week. This week, the actual transaction in the potassium chloride market is not good. On the whole, the main contradiction in the market is that the supply exceeds the demand, the trading atmosphere is cold, the downstream procurement is just in demand, the overall inventory is low, the purchasing market momentum is low, and the domestic potassium chloride market is stable.

3、 Future forecast

Potassium chloride market overall trend or low consolidation in late March. The market of potassium chloride is faced with three major pressures, namely, large stock, weak demand and downward international prices. Therefore, the main contradiction in the current market is that supply exceeds demand. According to analysts of KCl in business association, the short-term market of KCl is dominated by low consolidation under the influence of supply and demand and raw materials.

1、 Price trend

On March 20, the average ex factory price of oil-based glycol in North China was 3967 yuan / ton, down 1.65% from last Friday, according to the data of business agency.

On March 19, the price of large-scale single can of ethylene glycol in East China was 3510 yuan / ton, down 435 yuan / ton, or 11.03% compared with last weekend.

2、 Analysis of influencing factors

As of March 19, the ethylene glycol inventory in the main reservoir area of East China was about 987400 tons, an increase of 81000 tons or 8.94% compared with last Thursday, an increase of 32600 tons or 3.41% compared with this Monday, and the inventory further increased.

In terms of delivery, this week’s average daily delivery of Zhangjiagang main port is about 5300 tons, while the comprehensive daily delivery of Taicang to the two warehouses is about 3100 tons, similar to that of the previous week.

At present, the operating rate of glycol is about 71%, and that of polyester downstream is about 82%, which is higher than that of last week.

In terms of unit, the 700000 ton / a ethylene glycol unit of sharq4 in Saudi Arabia was restarted after heating up, and the unit was shut down for maintenance in early February. The 400000 ton ethylene glycol unit of Inner Mongolia Rongxin Chemical Co., Ltd. was restarted on March 11, after the unit temporarily shut down on March 6. Tongliao gold coal 300000 ton glycol plant was shut down on March 5, and restarted on March 15. Now 90% of the plant is under construction.

3、 Analysis and prediction

Crude oil prices continued to fall this week, with the impact of market confidence, glycol spot futures prices fell.

At present, the futures market is extremely sensitive to the rise and fall of crude oil prices. Due to yesterday’s sudden surge in crude oil, today’s ethylene glycol main 2005 contract fell for a week, opening higher than the previous day’s settlement price of 107 yuan / ton. Although it soon fell back in the opening, the price gradually picked up by the end of the afternoon.

In view of the recent dependence of glycol on the change of crude oil price, under the influence of the increasing global public health events, if the crude oil price does not have a stable rising point, then the current market supply and demand for glycol, glycol price will not be supported.

1、 Melamine price trend:

(Figure: P value curve of melamine product)

2、 Market analysis:

Product: the market price of melamine fell on the 17th. The terminal demand has not been significantly improved, the manufacturer’s inventory is under pressure, and the focus of some market negotiations has been lowered. The average price of melamine enterprises quoted on the 17th was 5433.33 yuan / ton, down 1.21% compared with yesterday’s, according to the data in the bulk list of business agencies. On the 17th, the mainstream price of melamine market in China was around 4800-5600 yuan / ton. At present, the mainstream price of melamine market in Xinjiang is around 4800 yuan / ton; the mainstream price of melamine market in Sichuan is around 5200 yuan / ton; the mainstream price of melamine market in Henan is around 5100 yuan / ton. The main quotation of melamine market in Shandong is around 5400 yuan / ton. On March 17, the melamine commodity index was 58.42, down 0.72 points from yesterday, down 41.58% from the highest point in the cycle of 100.00 (2011-09-18), and up 2.55% from the lowest point of 56.97 on February 24, 2015. (Note: cycle refers to 2011-09-01 to now)

Industry chain: since March, the domestic liquid ammonia market has continued to rebound, especially in the northern region. According to the monitoring of the business agency, the price of the domestic liquid ammonia market is significantly higher than that at the end of February. Since the rebound began in late February, the liquid ammonia market has started to rebound, which experienced a short period of repair. In the week of March 9, the liquid ammonia market has continued to rise. The dealer’s price adjustment range and Frequency has increased. According to the price monitoring of business agency, in recent (3.9-3.17) Shandong urea ex factory price rose first and then fell. The price rose from 1813.33 yuan / ton at the beginning of the week to 1816.67 yuan / ton on March 11, up 0.18%, and then fell to 1793.33 yuan / ton on March 17.

Industry: according to the price monitoring of the business association, there are 12 kinds of commodities in the rise and fall list of bulk commodity prices on March 17, 2020, including 1 kind of commodity with an increase of more than 5%, accounting for 1.1% of the number of commodities monitored in this sector; the top three commodities are isopropanol (14.67%), nitric acid (3.33%) and acetic anhydride (3.18%). There are 21 kinds of commodities with a decline of more than 5% on a month on month basis, accounting for 1.1% of the number of commodities monitored in the sector; the top three products with a decline are chloroform (- 10.53%), styrene (- 3.78%) and propane (- 3.65%). The average rise and fall of this day is -0.17%

3、 Future forecast:

According to melamine analysts of the business association, the terminal industry is in a low start and the actual demand is still poor. It is expected that in the short term, the melamine market will be consolidated and wait-and-see.

1、 Price trend:

On March 13, the hydrogenated benzene commodity index was 52.24, unchanged from yesterday, 48.79% lower than the period’s highest point 102.01 (2014-01-09), and 17.24% higher than the lowest point 44.56 on August 31, 2015. (Note: cycle refers to 2013-12-01 to now).

2、 Market analysis:

Domestic market: this week, there is no obvious change in the start-up of hydrogenated benzene enterprises. The situation of manufacturers’ delivery is general. The cost pressure of enterprises has eased but is still under the cost. Enterprises still have some pressure. As of Friday, the market price of hydrogenated benzene in Shandong is about 4350-4400 yuan / ton. About 350 yuan / ton lower than last week. Although the bidding price of crude benzene in this week’s market has declined, hydrogenated benzene enterprises will still face cost problems in the short term.

Industry: according to the price monitoring of the business agency, in the 10th week of 2020 (3.9-3.13), there are 11 kinds of commodities rising month by month in the list of commodity prices in the chemical industry sector, among which there are 3 kinds of commodities rising by more than 5%, accounting for 3.4% of the number of commodities monitored in the sector; the top 3 commodities are ammonium chloride (17.14%), liquid ammonia (11.43%) and sulfur (7.18%). There are 40 kinds of commodities falling on a month on month basis, 14 kinds of commodities falling by more than 5%, accounting for 16.1% of the number of commodities monitored in this sector; the top three products falling are PX (- 11.29%), ox (- 10.71%), acetone (- 10.26%). This week’s average was – 1.5%.

3、 Trend Forecast:

The oil price is still likely to bottom in the short term. At present, the market should pay close attention to the trend of OPEC and the development of the epidemic situation. Recently, the cost pressure of hydrogenated benzene enterprises is still the same. After the heating season, the focus is on the start-up of coking enterprises. It is expected that the market of hydrogenated benzene will be mainly consolidated.

1、 Price trend

This week, the domestic market of cyclohexanone fell in a weak way. According to the monitoring data of the business agency, the average price of domestic producers of cyclohexanone at the beginning of the week was 7316 yuan / ton, and the price of cyclohexanone at the end of the week was 7200 yuan / ton, down 1.59% in the week. The price was 2.48% lower than that of the same period last month and 34.94% lower than that of the same period last year.

2、 Market analysis

Product: this week, the market of cyclohexanone was weak and downward. In terms of price, the price of Shandong factory was 6700-6900 yuan / ton in spot exchange, 400 yuan / ton lower than last week. The main negotiation in East China is 7100-7300 yuan / ton, and the main negotiation in South China is about 7400 yuan / ton, all of which are delivered in cash. Crude oil plummeted. Sinopec’s listing of pure benzene was reduced by 600 yuan / ton to 4550 yuan / ton. The cost support was insufficient, and caprolactam fell sharply. Sinopec’s listing was reduced by 700 yuan / ton. The market was full of pessimism, and the downstream procurement enthusiasm was weak. Under the inventory pressure, cyclohexanone plants and the market actively shipped goods, and the price continued to weaken.

Industrial chain: raw materials, pure benzene: the price of pure benzene remained firm due to the low inventory of the refining plant at the beginning of Zhou Dynasty. However, crude oil plummeted, Sinopec’s listing of pure benzene significantly reduced from 600 yuan / ton to 4550 yuan / ton, and the mentality of the operators was poor, and downstream enterprises obviously resisted the high price of pure benzene; moreover, due to the impact of low price of hydrogenated benzene and northeast supply, there were few transactions of refined benzene, and the price dropped to 4400-4500 yuan / ton.

graph.100ppi.com (500×300)

Caprolactam: the caprolactam market fell sharply this week. Russia refused to cut production because OPEC + negotiation failed to reach an agreement on production reduction. Saudi Arabia sharply lowered the official price in April, which led to an epic collapse of the crude oil market. The closing price of crude oil fell as much as 25%, and the chemical commodity market fell sharply. On March 10, Sinopec’s listing price of pure benzene was reduced by 600 yuan / ton to 4550 yuan / ton. The cost of caprolactam collapsed, and the pessimism spread in the market. The cost of upstream had not been recovered yet. The fundamentals were negative and concentrated. The spot transaction price fell below the 10000 yuan threshold.

Adipic acid: this week, under the attack of raw materials and news, the adipic acid market broke the deadlock in the spot market, and the negotiation focus was obviously lower, approaching the low point of last year. Crude oil plummeted and this Monday’s plummeted, leading to the plummeted and slow repair of related products. On the aspect of adipic acid, the main impact is reflected in the sharp drop of pure benzene and the risk aversion and wait-and-see mood of middle and lower reaches. Crude oil fell sharply, and the price of pure benzene also fell sharply. The main listing of pure benzene was directly reduced by 600 yuan / ton, and the cost of adipic acid dropped sharply. However, no new information was released about adipic acid plants, and the listing was still at a high level, which still restricted the mentality of middle and lower reaches.

3、 Future forecast

On the cost side, without the new news about the turning point of the peace talks between Saudi Arabia and Russia, it is expected that the international oil price will still be under pressure and move forward, the negative pressure will not be quickly resolved, and the support on the cost side is not enough. On the supply and demand side, short-term terminal demand is difficult to significantly increase, and the demand for cyclohexanone in downstream chemical fiber and solvent market is still expected to be low, while the spot supply of cyclohexanone is abundant. The cyclohexanone analyst of the business community predicted that the short-term cyclohexanone market continued to be weak trend.

1、 Price trend

According to the price monitoring of the business agency, the average price of the mainstream manufacturers on March 13 was 18333.33 yuan / ton, and the average price of the weekend (13 days) was 18333.33 yuan / ton. This week’s market is temporarily stable. On March 12, the R22 commodity index was 110.00, flat with yesterday, down 0.90% from the period’s highest point of 111.00 (2020-02-24), and up 31.89% from the lowest point of 83.40 on October 14, 2019. (Note: cycle refers to 2019-09-01 till now)

2、 Market analysis

Product: R22 in refrigerant market this week is high and stable. In recent years, the market of hydrofluoric acid and chloroform at the raw material end is getting better, which supports refrigerant R22 strongly. The terminal air-conditioning industry has resumed work one after another, but it has mainly been cleaned up. The demand for refrigerant is weak, the industry’s wait-and-see mentality is rising, and the price is high and stable. As of March 6, the average price of refrigerant R22 is about 18333.33 yuan / ton, and the quotation is mainly about 17500 yuan / ton – 19000 yuan / ton, with little change.

Industrial chain: on March 13, the mainstream price of domestic anhydrous hydrofluoric acid manufacturers was 10500-11500 yuan / ton. The factory price of some manufacturers in the site was temporarily stable. The operation rate of domestic hydrofluoric acid manufacturers was average, the supply of goods in the site was slightly tight, and the market price in the site remained high. After March, affected by the overhaul of enterprises, the supply of chloroform in the market is relatively soft. However, due to the fact that it is in the off-season of chloroform at present, and the commencement of downstream market is delayed, the market demand is poor, and the overall supply and demand are weak. At present, the production of Jinling and Dongyue units in Shandong Province has resumed, and the market will present a situation of supply exceeding demand. At present, the quotation in Shandong Province is about 1900 yuan / ton, Jiangxi Liwen daily The price is about 2650 yuan / ton, and the price in Jiangsu is about 2800 yuan / ton.

Industry: according to the price monitoring of the business agency, there are two kinds of commodities in the rise and fall list of bulk commodity prices on March 12, 2020, among which there is one kind of commodity with an increase rate of more than 5%, accounting for 1.1% of the number of commodities monitored in the plate; the top two commodities are liquid ammonia (6.10%) and phenylethylene (0.53%). There are 18 kinds of commodities falling on a month on month basis, and 1 kind of commodities falling by more than 5%, accounting for 1.1% of the number of commodities monitored in this sector; the top three products falling are crude benzene (- 9.00%), aniline (- 4.56%) and dichloromethane (- 4.00%). The average price of this day was – 0.35%.

3、 Future forecast

According to the refrigerant analyst of Business Club: at present, the refrigerant R22 is strongly supported by quota and raw material end, the price is high and stable, while the demand end is not significantly increased, and it is expected that the refrigerant R22 will remain high and stable in the short term.