1、 Price trend

In March, the domestic market of dimethyl ether continued to bottom out, during which it rebounded twice, but the momentum was insufficient, and the overall market still fell. At the beginning of the month, the average price of domestic DME market was 3003.33 yuan / ton, and at the end of the month, the average price was 2556.67 yuan / ton, with a drop of 14.87% in the month, 24.36% lower than the same period last year.

2、 Market analysis

In March, the market of dimethyl ether fell, and the trading atmosphere continued to be light. As of March 31, there is no price for the parking of DME devices in Yutai, Shandong shengdeyuan, Henan Yima Xinyuan and Shanxi orchid company. The ex factory price of DME of Henan Lankao Huitong Chemical Co., Ltd. is 2550 yuan / ton, the ex factory price of DME of Henan xinlianxin Chemical Industry Group Co., Ltd. is 2570 yuan / ton, and the ex factory price of DME of Henan Shengxin Biotechnology Co., Ltd. is 2550 yuan/ The factory price of dimethyl ether of Hebei Jichun Chemical Co., Ltd. is 2600 yuan / ton.

After March, the domestic dimethyl ether industry, except for some enterprises, has basically entered a comprehensive production state. However, due to the continuous price reduction in the later period, some enterprises have reduced their load production. In March, the operating rate of dimethyl ether was about 10%, and the market trading atmosphere remained depressed, which was hard to change. The international crude oil fell sharply this month, which significantly depressed the liquefied gas market. Although the demand for civil gas increased this month, the range was relatively limited, mainly following the broad decline of crude oil. However, there is no difference in the price of gas ether, and the demand for dimethyl ether decreases. The market of cost methanol continued to decline in March. Affected by the emergency safety events, the downstream demand of domestic methanol spot market recovered slowly, especially the traditional downstream market. However, after the middle of March, the impact of the development of foreign public health events, the continuous drop of foreign financial market triggered the circuit breaker, the pressure of the surrounding environment, the wide drop of methanol, and many new lows in the year. Some regional production enterprises have touched the new low And production lines or losses. Affected by the weakness of civil gas and cost methanol, the market of dimethyl ether rebounded twice this month, and it was difficult to reverse the situation and continue the decline.

3、 Future forecast

In March, the domestic methanol price continued to decline, some of which fell near the cost line, and some of the factories had lost money; most of the factories in the main production area had little inventory pressure, and the purchase of purchased olefins was relatively considerable, with the possibility of rising in the later stage. At present, the inventory of civil gas market is temporarily controllable, but the downstream market is bearish and cautious. After the introduction of CP in April, the decline is less than expected, which brings good results, but it is still greatly affected by crude oil in the later stage. At present, the price of gas ether is basically the same, so the demand for DME is reduced. It is expected that if the liquefied gas market rises significantly in April, it will bring a boost to the DME market.

1、 Price trend

According to the data of the business club’s large scale list, the price of aniline decreased this week. On Friday (April 3), the price in Shandong was 5300 yuan / ton, and that in Nanjing was 5400 yuan / ton, 10.86% lower than last week.

2、 Analysis and comment

Raw materials: the listing price of pure benzene at the end of this week is 2250-2850 yuan / ton (average price: 2450 yuan / ton), down 560 yuan / ton from last week, down 18.6%. East China’s port inventory has accumulated substantially for two consecutive weeks, and the market supply pressure is increasing. This week, Sinopec continued the situation of the last two weeks, falling for two consecutive weeks, with a total decrease of 2250 yuan / ton in three weeks. At the beginning of the week, crude oil and external market continued to be bearish, while pure benzene declined to 2250-2700 yuan / ton. Crude oil closed up sharply on Friday, followed by the external market and domestic pure benzene, which rose to 2250-2900 yuan / ton over the weekend.

The price of nitric acid remained stable this week, and the production price in East China was 1600 yuan / ton.

Product: the aniline plant will resume operation within the week, and the market supply is expected to increase. In order to reduce inventory pressure and promote shipment, the price was lowered twice in the week.

3、 Future expectation

Raw materials: in the short term, there is no significant increase in the downstream operating rate, and it is difficult to increase domestic demand; in addition, 35000-40000 tons of pure benzene will still arrive at the port of succession next week, and the supply pressure will continue to increase. However, crude oil and external market brought good news, supporting the price rise of pure benzene. The short-term pure benzene market is expected to be weak as a whole, but it is likely to rise.

At present, the profit space of aniline is large, and the trend focuses on the impact of supply and demand.

1、 Price trend:

According to the data of the business club’s bulk list, the domestic ABS market fell in the first week of April, and the spot price in the market decreased significantly. As of Friday, April 3, the main offer price of general-purpose ABS was about 10850.00 yuan / ton, 19.63% lower than the average price on April 1.

2、 Analysis of influencing factors:

Industry chain: ABS upstream, styrene market continued to decline in the near future. Last month by crude oil chemical negative news negative, cost side weak drag on styrene prices. Earlier this week, panic in Europe and the United States intensified, and the market fell sharply. At present, it is reported that oil is expected to reduce production and end the price war, which will boost the rebound of styrene futures and stabilize the market mentality;

This week, the market trend of acrylonitrile is weak. Recently, new production capacity and high inventory have been added, resulting in obvious negative situation in the site. The downstream return to work rate is still lower than that before the festival. It is said that the load of manufacturers has been reduced. Rigid procurement is adopted for goods preparation, but the demand is not improved. At present, affected by the external market, the market is still lack of positive boost, and the mentality of the industry is low. It is expected that the market of acrylonitrile will not improve in the near future;

In early April, the domestic butadiene market continued a weak downward trend. The downstream inquiry is sluggish and dragging, and the butadiene merchants have great resistance to delivery, which pushes the price of suppliers down, and the overall market focus continues to fall. In terms of external market, European market supply is under pressure, the inventory of downstream rubber industry is high, and the low price offer news is increasing. At present, the domestic butadiene spot supply is abundant, and the supply and demand fundamentals of the internal and external market are hard to be supported by good news in the short term. At present, the domestic butadiene market is likely to continue a weak downward trend. It is suggested to pay attention to the internal and external trading news guidance;

3、 Future forecast:

Business analysts believe that: the ABS market in April began to slump, the spot decline of various brands expanded. Cost side of the upstream three materials are not good in the near future, the support for the cost side is weak. At present, the spot supply of ABS is relatively sufficient, but the downstream demand is weak and the contradiction between supply and demand is increasing. Business mentality is not strong and cut prices. Bearish dominated, domestic ABS prices are expected to continue to weaken in the near future.

1、 Price trend

According to commodity data monitoring, domestic isopropanol prices rose in March. The average price of isopropanol in East China was 6575 yuan / ton at the beginning of the month, 10233.33 yuan / ton at the end of the month, and the price rose by 55.64% in the month.

2、 Market analysis

Product: the market of isopropanol rose sharply this month. In the first two weeks of March, the domestic isopropanol market showed a downward trend, with weak supply and demand as a whole and cautious buying. Affected by the emergency, the isopropanol export market opened after March 13, and the isopropanol price rose sharply. Supported by foreign trade, domestic prices have also kept rising. Factories have sealed many offers, and traders are reluctant to sell, with high prices.

At present, isopropanol in the United States and Europe continues to rise sharply, and isopropanol exports continue to increase. From March 20, 2020, the export tax rebate of isopropanol will be increased from 10% to 13%, which will increase the external competitive advantage of isopropanol. As of the end of this month, the negotiation range of isopropanol in Shandong is about 10000-10200 yuan / ton, and that in Jiangsu is about 10000-10500 yuan / ton. In terms of the current international situation, the European market has a high demand for disinfectant and other resources, traders and buyers have turned to Asia to purchase isopropanol, and the export volume of isopropanol in China is expected to remain high in the near future.

Industrial chain: weak operation of upstream acetone market, with current quotation of 3700 yuan / ton in East China, 4100 yuan / ton in Shandong, 4150 yuan / ton for temporary stable operation in surrounding areas of Yanshan, and 4000 yuan / ton in South China. At present, the market price of propylene in Shandong is 5130-5800 yuan / ton, and the mainstream price is about 5200 yuan / ton. Affected by the international situation, the international crude oil market has repeatedly reported new lows.

3、 Future forecast

According to the isopropanol analyst from the chemical branch of business society, from the current situation in Europe, a large amount of demand for isopropanol in the European market will continue for some time, and the factories will be closed for many times, so traders are reluctant to sell. But in the short term, isopropanol spot is very tight, other chemical manufacturers also actively enter the market for inquiry, domestic prices remain high, follow-up attention to the change of news.

1、 Price trend

According to the data of business agency, the price of domestic dry process aluminum fluoride rose slightly in March. The average market price at the beginning of the month was 9166 yuan / ton, and that at the end of the month was 9266 yuan / ton, with a price increase of 1.09%.

2、 Market analysis

In March, the price of aluminum fluoride rose, and some aluminum fluoride manufacturers increased the factory price: at present, the factory price of aluminum fluoride of Zhengzhou Tianrui Grain Technology Co., Ltd. is 8500 yuan / ton, the factory price of aluminum fluoride of Shandong LUZHENG Chemical Co., Ltd. is 9600 yuan / ton, and the factory price of aluminum fluoride of Zhengzhou Zerun Energy Chemical Co., Ltd. is 9800 yuan / ton.

Industry chain: in March, the price trend of hydrofluoric acid rose first and then stabilized. At the beginning of the month, some manufacturers did not resume production. The domestic spot supply of hydrofluoric acid was tight, and the price slightly increased. In the later period, the situation of goods supply of the on-site manufacturers improved, some manufacturers did not resume production, the domestic spot supply of hydrofluoric acid was normal, the purchase demand increased, and the market price trend of hydrofluoric acid was stable. In the near future, the price of raw material fluorite ranked first However, the market price of hydrofluoric acid has been supported to a certain extent, and the domestic price trend of hydrofluoric acid has remained high. By the end of the weekend, the mainstream of hydrofluoric acid negotiation in the South was 11000-12000 yuan / ton, and the price of hydrofluoric acid in the north market was 10500-11500 yuan / ton. The price of aluminum fluoride rose slightly this month, and the quotation of aluminum fluoride for Zerun energy and chemical industry in Zhengzhou increased by 300 yuan / ton. In March, some aluminum fluoride manufacturers did not start work, and supply reduction supported the stable and medium-sized rise of aluminum fluoride prices.

3、 Future forecast

According to the aluminum fluoride industry analyst of business and chemical branch, the spot price of upstream hydrofluoric acid Market in April is expected to be in a high and fluctuating situation. Some aluminum fluoride manufacturers plan to resume work in April, and the aluminum fluoride price is expected to be stable in April, with downward space.

Commodity index: on March 30, the polyacrylamide commodity index was 90.24, down 1.84 points from yesterday, a new low in the cycle, down 15.77% from the highest point of 107.13 on May 8, 2019. (Note: cycle refers to 2019-04-01 till now)

Price quotation: according to the monitoring data of business agency (100ppi. Com), on March 30, 2020, the mainstream price of polyacrylamide (cation) market is about 1600-16000 yuan / ton, and the mainstream price of polyacrylamide (anion) market is about 8000-11500 yuan / ton.

Industrial chain:

Upstream: from January to March 2020, the main quotation of acrylonitrile in the domestic market continued to decrease. At the beginning of January, the quotation was about 11200 yuan / ton, which was reduced by 100 yuan / ton for many times; in the middle of the year, the quotation continued to decline slightly, which was reduced by 50 yuan / ton to 10650 yuan / ton for three times; by the end of the decade, the decline had been about 4000 yuan / ton, with a fluctuation of about 20%; on February 21, the mainstream price was about 9500 yuan / ton, decreased by 200 yuan / ton on 24, decreased by 300 yuan / ton on 27, and decreased by 150 yuan / ton to 8850 yuan / ton on 28 , 1750-1800 yuan / ton lower than before, about 17% lower than before; in March, acrylonitrile continued to decrease to 8100 yuan / ton on the 10th, 8000 yuan / ton on the 25th, 100 yuan / ton on the 26th, 50 yuan / ton on the 30th, 50 yuan / ton on the 31st, 7800 yuan / ton on the 31st, and 1000 yuan / ton this month.

Downstream: at present, the downstream water treatment project construction enterprises have a lot of project negotiations, and the landing is relatively slow, so the demand for raw materials is naturally weak.

Manufacturer: the manufacturer’s return to work and production is in good condition, the inventory is being consumed in succession, the current downstream demand is limited, and the raw material cost has been reduced.

Industry: during the Spring Festival holiday in January 2020 to February 20, the relevant enterprises in the main production area stop production and delay to return to work. After February 20, the manufacturers in the main production area returned to work. At present, the logistics in March is back to normal, and the inventory is in constant consumption. It is reported that the logistics cost in some areas has increased since, and the quotation has increased during the period of less vehicle return to work due to the delay in construction, etc. However, after a large number of logistics enterprises go to work in the near future, the transportation cost has been reduced, most of the downstream construction is in the negotiation stage, and the demand still needs to be recovered in time.

Aftermarket forecast: according to the analysis of the business community, the price of upstream raw material acrylonitrile has been lowered by as much as 1000 yuan / ton this month. The price has been at a low level for many years, and the cost of polyacrylamide has been greatly reduced. Under the current situation of weak demand, the manufacturer’s delivery price has certain space. Downstream construction is in the negotiation stage, and it will take time to land. It is expected that the price of polyacrylamide will be stable and weak in the future market.