According to the data monitored by the business community, as of March 11, the quotation of pet water bottle manufacturers was 7600.00 yuan / ton, the PET bottle chip market was stable, the price was reduced to varying degrees, the PTA Market of raw materials was in a downward trend, the pet was in a narrow range, and the negotiation atmosphere was general. Due to the large price increase in the previous period, the pet price was still rising as of March 11 compared with the same period last month The price of pet increased by 0.22% compared with the same period last week. The recent trend of pet is mainly weak and stable.

 

Recently, the price of PET raw materials has declined slightly, the overall pet market is weak, the cost side support is poor, the negotiation atmosphere is flat, the downstream demand quantity is limited, and the traders reduce the price to ship. At present, the mainstream reference price in North China is 7400-7600 yuan / ton, the negotiation focus is large, stable and small, mainly wait-and-see, the negotiation in South China is flat, the reference price is 6700-7200 yuan / ton, and the reference price in North China is 7000-7200 yuan / ton The overall market atmosphere is strong and the cost support is weak.

 

On March 10, the PTA commodity index was 43.60, down 1.56 points from yesterday, down 58.04% from 103.92 points (2011-09-15), the highest point in the cycle, and up 44.90% from 30.09 points, the lowest point on April 22, 2020. (Note: period refers to the period from September 1, 2011 to now)

 

The upstream PTA showed a trend of weak operation. According to the data of business news agency, the chemical industry index on March 10 was 1049 points, up 4 points from yesterday, reaching a record high in the cycle, up 75.42% from the lowest 598 points on April 8, 2020. (Note: period refers to the period from December 1, 2011 to now)

 

Pet analysts of business news agency think: the focus of recent PET raw material market negotiation is low, the pet market has a downward trend, the price has a slight downward trend, the overall market runs smoothly, and it is expected that the PET bottle chips will be weak in a narrow range in the short term. (to know more about the latest market trends of pet industry chain, welcome to pay attention to the official account of the business community, help enterprises to operate, help stock investment, help futures investment, log in the business community’s small programs, release commodity prices, promote promotional products, obtain commodity information, and grasp commodity prices.

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Recently, the international crude oil market has been double positive, turning from decline to rise. Affected by this, the domestic oil product price has been soaring recently. According to the monitoring data of business society, the price of gasoline on March 8 was 7015 yuan / ton, up 5.22% in the past three working days; the price of diesel on March 8 was 5820 yuan / ton, up 6.16% in the past three working days.

 

The results of the OPEC + meeting finally came to fruition, and the organization agreed to extend the oil production reduction to April. Saudi Arabia, OPEC leader, said it would extend the plan of voluntarily reducing production by 1 million B / D and decide when to phase out the reduction in the next few months. In addition, Russia and Kazakhstan were allowed to increase production by 130000 B / D and 20000 B / D respectively. The results of the meeting exceeded market expectations and pushed the oil price up to the highest level in more than a year. At the same time, on the evening of March 7, Yemeni Husser forces launched eight ballistic missiles and 14 UAVs into Riyadh, the capital of Saudi Arabia, and several areas in the East and south to launch attacks on oil and military facilities in Saudi Arabia. The international crude oil market was stimulated by double positive factors, and the international oil price soared. In the past three days, the price of WTI and Brent crude oil soared by more than 10%.

 

In terms of gasoline demand, the market demand returned to the level before the festival, and the “eight consecutive rises” of refined oil price adjustment were implemented. The market was bullish, and the demand for terminal replenishment and hoarding increased. In terms of diesel, the demand for diesel in engineering, infrastructure, transportation and other industries has recovered to a high level, and the demand for diesel terminal has strong support.

 

As of March 5, the average operating load of daily pressure relief device was about 74%, and the supply of domestic refined oil market remained high.

 

Lu Xingjun, product oil analyst of business association, believes that after the sharp rise of international crude oil price, it will digest the favorable market, international oil price may return, and domestic product oil demand side lacks favorable stimulation. It is expected that product oil price will follow crude oil price in the near future.

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1、 Formic acid price trend

 

POLYVINYL ALCOHOL

(Figure: p-value curve of formic acid product)

 

2、 Market analysis

 

According to the data of the business club’s block list, as of March 5, the average quotation price of formic acid enterprises was 2633.33 yuan / ton, up 1.28% compared with the beginning of the week, down 0.63% compared with February 5, and up 35.04% compared with the same period last year.

 

This week, formic acid market is mainly stable, some enterprises’ quotation is up, enterprise orders and shipping situation are acceptable, and downstream on-demand procurement is the main. According to the data monitoring of the business association, the prices of formic acid of some enterprises are summarized as follows: the quotation of industrial grade 85% formic acid of Zhangzhou San’an Chemical Co., Ltd. is 2600 yuan / ton; the quotation of industrial grade 85% formic acid of Shandong tamasuk Chemical Co., Ltd. is 2550 yuan / ton; the quotation of industrial grade 85% formic acid of Zibo Pulis Chemical Co., Ltd. is 2500 yuan / ton; and the quotation of industrial grade 85% formic acid of Jintan local industrial supply and Marketing Co., Ltd. is 2500 yuan / ton It’s 2800 yuan / ton. The spot price of the merchants depends on the market. The actual transaction price is mainly through negotiation.

 

According to the monitoring data of the business community, the average quoted price of upstream caustic soda was 462.50 yuan / ton as of March 4, up 1.09% compared with the price at the beginning of the month. On March 4, the price of caustic soda in Shandong Province was consolidated. At present, the mainstream ex factory price of 32% caustic soda is 390-470 yuan / ton. The downstream enterprises mainly need to purchase, and have a strong wait-and-see attitude. It is expected that caustic soda will be consolidated in a later or narrow range.

 

On March 4, the price of liquid ammonia in Shandong Province stabilized and went up, the regional inventory pressure eased, the urea plant of a large factory in Shandong Province resumed production, the output of liquid ammonia decreased, and the amount of ammonia in the region decreased. The mainstream market price in this area is 3200-3350 yuan / ton. Most of the manufacturers’ devices are in normal operation, the inventory pressure is general, the downstream purchase volume is slightly increased, and the price is expected to be adjusted at a high level in the near future.

 

For upstream sulfuric acid, the market of sulfuric acid in Shandong Province was temporarily stable on March 4, which was flat compared with the price at the beginning of the month; for upstream methanol, according to the monitoring data of business society, the average price quoted by enterprises as of March 4 was 2332.5 yuan / ton, up 1.63% compared with the price at the beginning of the month.

 

According to the price monitoring of the business community, on March 4, 2021, in the list of commodity prices, there were 19 kinds of commodities in the chemical industry sector that rose month on month, of which one was more than 5%, accounting for 1.1% of the number of commodities monitored in the sector; the top three commodities that rose were polysilicon (6.54%), lithium iron phosphate (4.65%) and ammonium chloride (3.83%). There were 13 kinds of commodities with a month on month decrease, and 1 kind of commodity with a decrease of more than 5%, accounting for 1.1% of the number of commodities monitored in the sector; the top three products with a decrease were maleic anhydride (- 6.25%), crude benzene (- 3.52%) and polymerized MDI (- 2.83%). The average daily rise or fall was 0.12%.

 

3、 Future forecast

 

Business community formic acid analysts believe that in the near future, the price of raw materials is relatively strong, the cost support has risen, and the lower reaches purchase more on demand. It is expected that in the short term, the formic acid market will be mainly stable, and more attention should be paid to the guidance of market news.

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