According to the monitoring of the bulk data of the business agency, the oversupply of dichloromethane market in Shandong has intensified. As of June 29, the average price of dichloromethane in Shandong was about 2110 yuan / ton, down 100 yuan / ton compared with that before the Dragon Boat Festival, with an overall decline of 4.52%.

Production capacity and operation of the enterprise

Shandong Jinling: 440000 tons / year: 70-80%

Dongying Jinmao 120000 tons / year parking

Luxi Chemical Industry: 400000 tons / year: 70%

Shandong Dongyue: 280000 tons / year: 50%

Jiangxi Liwen: 120000 tons / year: 70-80%

Jiangsu Liwen 160000 tons / year full load

Jiangsu Meilan 200000 tons / year 70%

Quhua, Zhejiang: 300000 yuan / year: 70%

Zhejiang Juhua: 300000 tons / year: 90%

After the Dragon Boat Festival holiday, the demand of downstream market and traders is limited, the trading atmosphere in the industry is declining, the inventory of dichloromethane production enterprises is accumulated, and the bidding sales behavior is obvious. However, due to the high production cost, there is limited space for enterprises to reduce the quotation. At present, the price of dichloromethane in Shandong is about 2110-2130 yuan / ton, about 2700 yuan / ton in Jiangsu Liwen and 2300 yuan / ton in Jiangxi Liwen.

In terms of upstream market, methanol market tends to be stable after a small rise, with light transactions in the industry, and the market is in a wait-and-see situation after the festival, at present, about 1645 yuan / ton; the liquid chlorine market is high and firm, and the maintenance of some enterprises in Shandong leads to a small rise in the price in the region. With the increase of downstream demand, the market will continue to maintain a strong trend, and the current average price is about 700-1000 yuan / ton.

On the other hand, the downstream market demand for dichloromethane is poor. After a short period of stock preparation before the Dragon Boat Festival, the market trading atmosphere is light and the demand for terminal purchase is insufficient, which can not provide good support for dichloromethane price.

According to the methane chloride data of the business society, the contradiction between supply and demand in the dichloromethane market is becoming more and more obvious. The poor downstream demand leads to the accumulation of enterprise inventory. The competitive sales in the industry are obvious. Affected by the favorable support of raw materials, it is expected that the dichloromethane market will run in a weak position in a short period of time, with limited space for downward adjustment.

According to the monitoring of bulk data from the business agency, at present, the ethyl acetate Market in East China is in a strong operation. As of June 28, the average price of enterprises in East China is about 5467 yuan / ton, 2.2% higher than that of June 10, and 0.78% higher than that of the same period last month.

The domestic ethyl acetate Market is in a strong operation. Due to the good support of the cost side ethanol price, the insufficient compression of the profit space of ethyl acetate, as well as the good intention of the downstream and traders to replenish goods after the Dragon Boat Festival, the price of ethyl acetate is rising. At present, the overall operating rate of domestic ethyl acetate Market is 40-50%, and the inventory of enterprises is relatively sufficient, so the spot supply in the market is stable.

In terms of raw materials, the acetic acid market remained stable as a whole, and some enterprises increased slightly. Due to the fact that some enterprises have not yet fully resumed production, the spot supply in the market is tight, the inventory of enterprises has gradually declined, and the replenishment situation before and after the Dragon Boat Festival holiday, the industry’s trading performance is positive. In terms of ethanol, affected by the high turnover rate and high premium rate of four consecutive auctions of temporary storage corn, the current corn spot market continues to maintain a stable, moderate and strong situation, thus the corn ethanol market price continues to rise. The ethanol market in various regions has increased to varying degrees. The inventory status in some regions and the operation rate of enterprises’ devices are relatively low, which will still pull the market up to a certain extent in the future.

On the international side, the supply of international ethyl acetate is tight, coupled with the strong price of raw materials, and the two-way favorable support, the market of ethyl acetate is running steadily. Among them, the port price in Europe is about 800 euros / ton, and that in North America is about 600 dollars / ton.

According to the ethyl acetate analyst of the business association, the downstream market demand after the Dragon Boat Festival is flat, while the spot supply of ethyl acetate is stable, and the demand end support is insufficient, so it is necessary to continue to observe the market trend of raw materials acetic acid and ethanol.

1、 Acrylic price trend:

(Figure: P value curve of acrylic acid product)

2、 Market analysis:

On June 24, acrylic acid market was running smoothly. The average price of acrylic acid in East China as of June 24 was 7733.33 yuan / ton, which was the same as that at the beginning of the week, down 10.08% compared with that on June 1, according to the data in the large list of business agencies.

At present, there is sufficient spot supply in the market. The downstream purchases are mainly on demand. The stock up is basically completed before the festival. The atmosphere in the market is slightly light, the market fluctuation is limited, the market is stable, and the wait-and-see atmosphere is strong.

According to the data monitoring of business agency, the price of acrylic acid in some enterprises in the near future (for reference only, the actual transaction price is mainly negotiated):

On June 24th, the market price of upstream propylene in Shandong fell slightly. According to the price of the business agency, the propylene market in Shandong increased by 250 yuan / ton in one week at the beginning of June, and there was a significant correction in the price in the middle of June, with a cumulative drop of 350 yuan / ton in the seventh day of the second week. From June 14 in the middle of the month, the price stopped falling again and picked up again. On June 19 last Friday, the price has risen 350-450 yuan / ton in a row. At the end of the week, the price has been stable and has fallen since 22. Today, it is still down about 100 yuan / ton. Now, it has fallen about 200 yuan / ton. Now, the market turnover is between 6600-6950 yuan / ton, and the mainstream price is about 6650 yuan / ton. At present, the inventory pressure of propylene manufacturers is slightly increased, and the shipment situation is cold, which has a certain negative impact on acrylic acid.

3、 Future forecast:

According to the acrylic analysts of the business club, at present, the price of raw material propylene has fallen, the cost support is insufficient, and the trading atmosphere in the market is light. It is expected that in the short term, the acrylic market will be dominated by weak and stable operation, and more attention should be paid to the change of raw material price and the transaction situation in the mainstream market.

1、 Price trend:

According to the monitoring data of the business agency, the price of caustic soda is mainly stable. On June 23, the average price in Shandong market was about 515 yuan / ton, and the price remained stable, down 27.73% compared with the same period last year. On June 22, the caustic soda commodity index was 74.10, unchanged from yesterday, down 64.18% from 206.87 (2017-11-14), the highest point in the cycle, and up 9.57% from 67.63, the lowest point on May 10, 2020. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

At present, 32% ionic membrane alkali: 490-550 yuan / ton in Shandong market, 1400-1600 yuan / ton in Inner Mongolia market (converted into 100 yuan), 720-760 yuan / ton in Guangdong market. Quotation of flake alkali: 1850-1900 yuan / ton in Inner Mongolia market, 1800-1900 yuan / ton in Ningxia market, 2150-2200 yuan / ton in East China market and 2200-2300 yuan / ton in Guangdong market. The performance of domestic caustic soda market is average. The quotation of liquid alkali manufacturers is stable.

Raw material: affected by the increase of sea salt production and the decrease of price, the current sales volume of well salt is reduced. At present, most of the soda ash enterprises have been overhauled, and only a few of them are still in the process of overhauling. With the start-up of the enterprises, the purchase of industrial salt in the downstream may be improved, but the inventory is currently high, and the downstream market is still waiting.

Demand: current domestic alumina, papermaking, printing and dyeing and other downstream maintenance rigid procurement. Caustic soda plant maintenance good and spot not much to continue to support the market. Supply and demand have not changed much for the time being. The overall inventory of caustic soda is in the stage of accumulation, and the price may face greater pressure later. The demand for caustic soda is limited, and the price is still under great pressure.

According to the price monitoring of the business society, on June 22, 2020, there were 0 kinds of commodities in the price rise and fall list of chlor alkali industry, 1 kind of commodities in the fall list and 4 kinds of commodities in the rise and fall list of 0. The main commodities falling were hydrochloric acid (- 1.59%). The average price of this day was – 0.32%.

According to the analysts of business association, the overall demand side of domestic caustic soda market is general, and the overall change of supply and demand side is not big. Alumina, papermaking and printing mostly purchase caustic soda on demand. It is comprehensively predicted that the domestic caustic soda market is still weak and stable, and the overall adjustment range is limited.

In June, dimethyl ether, which is in the off-season of traditional demand, mainly fell, and the way to rise is more difficult. According to data monitoring of business agency, the average price of DME in Henan market was 2283.33 yuan / ton on May 31, 2193.33 yuan / ton on June 22, down 3.94% during the period, compared with 28.32% in the same period last year.

Regional specification Date Quotation

Mass fraction of dimethyl ether in Shandong Province: ≥ 99.0% June 22 2150-2180 yuan / ton

Mass fraction of dimethyl ether in Hebei Province: ≥ 99.0% June 22 2200-2300 yuan / ton

Mass fraction of dimethyl ether in Henan Province: ≥ 99.0% June 22 2110-2200 yuan / ton

In June, the operating rate of domestic dimethyl ether Market was about 12%, which was lower than that of last month, and the market transaction atmosphere continued to be depressed. At the beginning of the month, the rise of crude oil and the introduction of CP in June were higher than expected, which brought benefits to the liquefied gas market, and the civil gas market rose positively. However, the market advantage of DME is limited, which continues the decline in May. The hot weather terminal market demand is extremely limited. The downstream mainly consumes its own inventory, and the enthusiasm for entering the market is not high. The delivery situation of the manufacturers is not good, the inventory pressure of some enterprises is rising, the price is continuously weak and lowered, and the price is constantly low.

With the price falling to a relatively low level, the atmosphere of market transactions has not improved significantly. In the case of cost inversion, most enterprises reduce the load of production, a small number of enterprises are forced to stop, the market operating rate is weakened, which brings some support to the market, and the price stops falling and stabilizes. However, the weakness of the civil market of liquefied gas still restricts the dimethyl ether, and there is still a certain amount of inventory in the downstream, with limited market benefits and stable prices.

Until the 17th, crude oil continued to rise slightly, and the market supply continued to reduce, the DME market finally ushered in a rising trend. Henan xinlianxin took the lead in raising the price by 10 yuan / ton, while other enterprises adjusted their prices to keep pace with the increase. However, poor demand in the terminal market is still the biggest constraint, and the cost of methanol is weak and consolidated, the civil trend of liquefied gas is not good, the rising power of DME is insufficient and the increase is limited, and then the trend is still back to the low.

In the future, although the current crude oil has risen, it has a limited positive effect on the liquefied gas market, and the civil gas market is still weak. In addition, the low cost methanol operation makes it difficult to find a good effect on the market of DME. It is expected that the weakness of DME in the off-season will be hard to change in the short term. However, due to the limited falling space, the future market may remain low.

1、 Price trend

According to commodity data monitoring, the price of Yungui yellow phosphorus decreased this week. At the beginning of the week, the average price of yellow phosphorus was 15600 yuan / ton, and at the end of the week, the average price was 14933.33 yuan / ton. In the week, the price decreased by 4.27.

2、 Market analysis

Yellow phosphorus market prices continue to fall this week. The start-up of yellow phosphorus market increased slightly, and the market supply was relatively sufficient. Compared with last week, the price decline has narrowed. At present, the yellow phosphorus Market in Sichuan is light and stable, with a quotation of about 15000 yuan / ton. Guizhou yellow phosphorus market price is mainly consolidated. At present, the mainstream price is about 14500 yuan / ton. At present, the market quotation in Yunnan is about 14000-15000 yuan / ton. Due to the fact that the market price of yellow phosphorus is close to the cost of some yellow phosphorus enterprises, some enterprises do not offer. The overall sales situation of yellow phosphorus market is general, and most traders hold a wait-and-see attitude. Downstream manufacturers can purchase enough according to demand, and those who use it will take it.

In terms of raw phosphorus ore, the domestic phosphorus ore market this week was affected by the price reduction of some mining enterprises in Guizhou, and the overall decline. At present, the reference quotation of 30% grade phosphate ore in Guizhou is around 300-340 yuan / ton. Yunnan area: phosphate rock is mainly in stable operation temporarily, and the quotation of 29% grade phosphate ore car plate in Yunnan is about 300 yuan / ton. Phosphorus ore market decline, the yellow phosphorus cost support weakened.

In terms of raw material coke, the market price of Panzhihua coke (secondary metallurgical coke) is 1980 yuan / ton, which is the same as the previous trading day and 200 yuan / ton higher than the same period last month. The market price of Liupanshui coke (secondary metallurgical coke) is 2050 yuan / ton, which is the same as that of the previous trading day, 130 yuan / ton higher than that of the same period last month. The price in Southwest China is relatively stable, and the future market will continue to operate stably.

Downstream, the export of phosphoric acid and phosphate Market is blocked, and the sales situation is not good. The enterprises mainly maintain the orders of old customers, and the demand for yellow phosphorus is general.

3、 Future forecast

Yellow phosphorus analysts from the chemical branch of business news agency believe that the market price of yellow phosphorus fell this week. Due to the adjustment of the upstream phosphorus ore market, the cost support is weak, and the downstream enterprises have general demand for yellow phosphorus and mainly purchase on demand. At present, yellow phosphorus is at a low price, which is affected by the mentality of buying up but not buying down. Traders are more cautious in purchasing. It is expected that the price of yellow phosphorus will still be subject to the following adjustment in the near future, but considering that the current quotation of some yellow phosphorus enterprises is close to the cost of enterprises, the space for reduction is limited.

1、 Price trend

According to the data of the bulk list of business agencies, the price of domestic caprolactam market rose in the first half of June. On June 1, the average ex factory price of caprolactam was 9916 yuan / ton, and on June 15, the average ex factory price was 10400 yuan / ton, up 4.87%.

On June 15, the caprolactam commodity index was 52.31, up 0.59 points from yesterday, 47.69% lower than the highest point in the cycle, 100.00 (2017-03-02), and 32.77% higher than the lowest point, 39.40, on April 7, 2020. (Note: cycle refers to 2017-03-01 to now)

2、 Market analysis

As of June 15, the price of caprolactam liquid in Shandong Luxi Chemical Co., Ltd. was 10200 yuan / ton, cash was delivered from the factory, and the manufacturer’s capacity was 300000 tons. The actual transaction can be discussed. The price of Nanjing Dongfang caprolactam liquid is 11000 yuan / ton, the 400000 ton / year unit is in normal operation, and the caprolactam unit is in normal operation. The price of Baling Hengyi caprolactam liquid is 10800 yuan / ton, and the 450000 ton / year unit is normally started and delivered by acceptance. The price of caprolactam liquid in Baling Petrochemical Company is 10800 yuan / ton, and the 300 thousand ton / year unit is in normal operation, and it will be accepted and delivered. The price of caprolactam liquid in Yaolong, Tianchen, Fujian Province is 11000 yuan / ton, and the 350000 ton / year unit is in normal operation.

Upstream: the price of pure benzene rose slightly in the first week of June. Crude oil and outer plate have strong support for pure benzene. Port inventory rose in the week, but the increase decreased. In the second week of June, Sinopec’s price of pure benzene was adjusted again, with a total increase of 200 yuan / ton. The price gap between the inside and outside of Sinopec was narrowed, and the market bottom supported the strengthening. This week, pure benzene port inventory still rose, but the increase decreased. In the week, the price of pure benzene strengthened, but the downstream market was weak, and the actual market turnover was weak.

Downstream: in the first half of June, the domestic PA6 market was relatively strong, and the spot prices of different brands increased to a certain extent. The upstream caprolactam inventory is low, and the supply is still tight, which strongly supports the cost end of PA6. The demand of downstream slicers is general, and the purchase strategy is the main one. The consumption of export plastic products increased, PA6 trading volume was fair, and the interest giving sentiment of merchants weakened.

3、 Future forecast

Caprolactam analysts believe that at present, upstream raw material prices maintain the previous market continues to rise, caprolactam supply is tight. The downstream polymerization plant has a high enthusiasm for start-up and an increased demand for caprolactam. It is expected that caprolactam market will continue to push up in the future.

1、 Price trend

The ex factory price of octanol rose slightly in Shandong this week. This week, the average ex factory price of main octanol in Shandong increased from 6816.67 yuan / ton at the beginning of the week to 7000.00 yuan / ton at the end of the week, up 2.69%, up 0.72% year-on-year compared with the same period last year. Overall, octanol rose this week, with the June 12 octanol commodity index at 51.47.

2、 Market analysis

From the manufacturer’s quotation, the factory quotation of Shandong main octanol manufacturers this week slightly increased: the quotation of octanol of Jianlan Chemical Co., Ltd. at the end of this week was 7000 yuan / ton, 300 yuan / ton higher than that at the beginning of this week; the quotation of octanol of lihuayi at the end of this week was 6950 yuan / ton, 100 yuan / ton higher than that at the beginning of this week; the quotation of octanol of hualuhengsheng at the end of this week was 7050 yuan / ton, higher than that at the beginning of this week Up 150 yuan / ton.

From the perspective of upstream and downstream industry chains, the raw material market in the upstream of octanol fell this week. The price of propylene fell from 6891.00 yuan / ton at the beginning of the week to 6549.09 yuan / ton at the end of the week, down 4.96%, down 10.94% year-on-year. The price of raw materials in the upstream market fell, affected by the supply and demand, which had a negative impact on the price of octanol.

Lower octanol market, this week DOP factory price high consolidation. DOP quoted 7133.33 yuan / ton, down 0.23% year on year. Downstream customers are more active in purchasing octanol, demand for octanol is higher, and high DOP price has a positive impact on octanol market. The aftermarket operators mostly wait and see the trend of DOP.

3、 Future forecast

In the middle of June, the trend of octanol market in Shandong province was dominated by small fluctuation. The upstream propylene price dropped sharply, the cost support was weak, and the downstream procurement enthusiasm was general. According to the octanol analysts of the business club, the octanol market in Shandong Province in the middle of June may decline slightly under the influence of supply and demand and raw materials.

1、 Price trend

According to the data of the business club’s large list, the market price of propylene (Shandong) in China fell continuously this week, with the weekly high price of 6891 yuan / ton at the beginning of the week; the weekly low price of 6549 yuan / ton on Friday, with a weekly drop of 4.96%.

2、 Analysis and comment

Last month, Shandong propylene prices fell after shocks, and began to rise at the end of the month. On the first day, the price of propylene continued the upward trend on Sunday, with a slight increase of about 50 yuan / ton. On the second day, the price rose again by about 100 yuan / ton. On the third day, it continued to rise by 100 yuan / ton. On the fourth day, it rose slightly by 50 yuan / ton. On the fifth to the seventh day, it remained stable. On the eighth day, the price of individual enterprises declined slightly. On the ninth day, the price generally fell by 50 yuan / ton. On the tenth day, it fell again by about 100 yuan / ton. On the eleventh day, it continued to decline by 100 yuan / ton. Now The market turnover is between 6400-6900 yuan / ton, and the mainstream price is about 6500 yuan / ton. Propylene delivery is not smooth, a little inventory pressure.

At the end of May, the international crude oil rose slightly. On June 1, 2 and 3, the crude oil price rose significantly. On June 4, the crude oil market fell slightly. The output reduction of OPEC meeting stagnated. On May 5, the crude oil price rose significantly. On August 8, the crude oil price rose and fell mutually. On September 9, the price decreased. On October 10, the crude oil price rose slightly. On November 11, the crude oil dropped significantly, which suppressed propylene.

In recent days, PP futures market is relatively cold. This week, PP spot slightly rebounded after a slight decline, with a weekly decline of 0.64% and a weekly amplitude of 0.85%, which has little impact on propylene.

This week, the acrylic acid market maintained stability throughout the line, which had little impact on propylene.

This week, propylene oxide Market stabilized after a significant rise, with a weekly increase of 4.26%, which has a certain positive impact on propylene.

Epichlorohydrin prices fell slightly this week at the end of the week, down 0.62%, with little impact on propylene.

This week, the domestic price of n-butanol slightly declined, with a weekly decline of 0.61%, which had little impact on propylene.

Octanol rose steadily this week, up 2.69%, slightly positive for propylene.

Affected by the epidemic situation, the isopropanol market, as one of the raw materials of foreign disinfectants, rose sharply in the early stage and fell sharply. This week, it continued to rise and then stabilized, with a weekly increase of 6.99% and a weekly amplitude of 8.29%, which had a significant positive impact on propylene.

The phenol Market in Shandong Province remained stable after a sharp rise at the beginning of the week, with a weekly increase of 4.70%, which had a certain positive impact on propylene.

The acetone market in Shandong was flat after rising, with a weekly increase of 3.58%, which had a certain positive impact on propylene.

3、 Future forecast

According to the propylene analyst of the chemical branch of business society, on the whole, the international crude oil market is slightly empty, and the propylene manufacturers have a little overstocked inventory, while the trend of the downstream market is weak, the confidence in the industry is insufficient, and the market is cold, although some of the downstream markets have a good rise, but the trading is cautious, and there are few transactions, so it is expected that the price of propylene will still go down in recent days.

1、 Price trend of lithium carbonate:

(Figure: P value curve of lithium carbonate product)

2、 Market analysis:

This week’s lithium carbonate market was slightly down. At present, the supply side is sufficient, the downstream demand is weak, the contradiction between supply and demand is prominent, market trading is not smooth, and the price is under pressure. According to the data of the business club’s bulk list, the average price of industrial grade lithium carbonate in East China on June 5 was 39900 yuan / ton, down 0.75% compared with the beginning of the week and 4.77% compared with May 5; the average price of battery grade lithium carbonate in East China on June 5 was 44000 yuan / ton, flat compared with the beginning of the week, down 5.78% compared with May 5. On May 5, the mainstream price of industrial lithium carbonate market was around 36000-45000 yuan / ton, and the mainstream price of battery lithium carbonate market was around 41000-48000 yuan / ton.

The downstream market price of lithium hydroxide is stable (6.1-6.5). The average price of domestic industrial grade lithium hydroxide enterprises as of June 5 was 55666.67 yuan / ton, which was the same as that at the beginning of the week, 2.34% lower than that on May 5, and 16.50% lower than that in half a year. The demand of downstream power lithium iron phosphate is weak and it is under pressure. According to the data monitored by the business association, as of June 5, the average price of lithium iron phosphate, an excellent power product in China, was 37000.00 yuan / ton. The recovery of the car market was slow, and lithium iron phosphate operated in a weak position. Compared with the same period last month, the price of lithium iron phosphate fell by 7.5% and 3000 yuan / ton. From May 25 to June 5, lithium iron phosphate fell by 2.63% and 1000 yuan / ton.

According to the price monitoring of the business association, on June 5, 2020, there are 21 kinds of commodities in the list of rise and fall of bulk commodity prices in the chemical industry sector, including 1 kind of commodity with an increase of more than 5%, accounting for 1.1% of the number of commodities monitored in the sector; the top three commodities are acetone (14.40%), bisphenol A (4.78%) and ethylene oxide (2.86%). There are 9 kinds of commodities falling on a month on month basis, and the top 3 products were chloroform (- 4.55%), yellow phosphorus (- 1.23%) and acetic anhydride (- 0.81%). The average price of this day is 0.38%.

3、 Future forecast:

According to analysts of lithium carbonate of business association, the weak demand transmission and the market of lithium carbonate are under pressure. However, under the influence of production cost, it is expected that the market of lithium carbonate will be weak and stable in the short term.