1、 Price summary of mixed xylene on March 1:

 

PVA 1799 (PVA BF17)

Qingdao refinery offers 7800 yuan / ton, Shijiazhuang Refinery offers 7650 yuan / ton,

 

Jiujiang Petrochemical offers 7900 yuan / ton, and Yangba offers 7750 yuan / ton,

 

Guangzhou Petrochemical offers 7800 yuan / ton, Maoming Petrochemical offers 7800 yuan / ton,

 

Changling refinery offers 7800 yuan / ton,

 

Shandong Jingbo Petrochemical offers 7901 yuan / ton, and Xinhai Petrochemical offers 7900 yuan / ton.

 

2、 Fluctuation trend:

 
3、 Analysis and comments:

 

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In terms of crude oil, it is difficult for Russia and Ukraine to reach a satisfactory result in the negotiations. In the short term, the tension between Russia and Ukraine remains the same. European and American countries impose sanctions on Russia and worry about the risk of supply interruption push up oil prices. A multinational agreement to release strategic crude oil reserves also failed to curb the rise in oil prices.

 

Today, Sinopec East China mixed xylene price increased by 150 yuan / ton, South China mixed xylene price increased by 350 yuan / ton, Xinhai Petrochemical mixed xylene increased by 100 yuan / ton, and Jingbo Petrochemical mixed xylene increased by 99 yuan / ton.

 

The strong rise of crude oil and the positive follow-up of terminal gasoline prices supported the rise of mixed xylene prices.

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Price trend

 

PVA 0588 ( PVA BP05)

According to the price monitoring of business society, the price trend of sulfur continued to rise in February, and the overall market was strong. As of February 28, the average ex factory price of sulfur market in East China was 2253.33 yuan / ton, an increase of 4.81% in the month compared with the average ex factory price of 2150.00 yuan / ton at the beginning of the month.

 

In February, the domestic sulfur market was strong, and the price continued to rise during the month. There is no inventory pressure for domestic refineries, the downstream sulfuric acid market is rising, the demand for liquid sulfur is increasing, the supply of goods at the port is tight, the cargo holders have strong intention to support the price, the quotation is strong, the liquid sulfur price at the port is supported, and the liquid sulfur price of regional refineries is rising sharply; In terms of downstream phosphate fertilizer, the demand for sulfur is stable, the refinery shipment is smooth, and the price of sulfur fixation increases synchronously.

 

Downstream market of industrial chain

 

The market of downstream sulfuric acid rose sharply in February. The quotation increased from 726.67 yuan / ton at the beginning of the month to 783.00 yuan / ton at the end of the month, up 56.33 yuan / ton, or 7.89% within the month. During the month, the prices of domestic mainstream sulfuric acid manufacturers rose slightly, the manufacturers produced at low load and had less inventory, while the downstream market entry enthusiasm was good, the enterprise shipped smoothly, the operator’s mentality was positive, the quotation was raised according to the trend, and the market was strong during the month.

 

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In terms of phosphate fertilizer, the market is improving. In February, the price of Monoammonium rose, the waiting volume of enterprises was sufficient, the market of diammonium was steadily promoted, with an increase of 1.36% in the month. The downstream demand increased, the market trading atmosphere was good, and the demand of phosphate fertilizer enterprises was stable, supporting the stable operation of sulfur.

 

Future forecast

 

According to the sulfur analyst of business society, the sulfur market is relatively strong, there is no pressure on the inventory of refineries in domestic areas, and the downstream follow-up is stable. Coupled with the favorable port market, it is expected that the sulfur market will continue to operate relatively strong, and the downstream follow-up will be paid more attention to.

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In February, the domestic phenol market rose first and then fell, mainly downward as a whole. According to the monitoring data of business agency, the average offer of domestic phenol market was 11200 yuan / ton on February 1, 10987 yuan / ton on February 28, a decrease of 1.9% in the month. On February 10, the offer of domestic phenol market was 11445 yuan / ton, with an amplitude of 4.08%. By the end of the month, the offer in East China market was about 10950 yuan / ton, that in South China was 11000 yuan / ton, and that in North China and surrounding areas of Shandong was 10950-11000 yuan / ton

 

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Trend chart of average price of phenol in the national market

 

After the Spring Festival, the supply of imported goods in transit is insufficient, and the market bill holder supports the price operation. In particular, the inventory at the port of imported goods suddenly drops to 24000 tons. The initial inventory cost pressure is large, the market supply pressure is small, the holder has little intention to sell goods, and the crude oil continues to rise, driving the positive increase of the raw material end and the rise of the phenol Market. In addition, the commencement and resumption of work of downstream factories in the North increase, The demand is expected to increase, and the phenol Market is pushed up in a narrow range under the favorable supply and demand. However, with the phased replenishment in the middle of the week, the shipment pressure of the cargo holders increases and the intention of profit making shipment increases. And poor trading performance on the floor.

 

PVA 2088 (PVA BP20)

The downstream bisphenol a market was mainly down during the week, mainly due to poor on-site supply and demand, serious shortage of market trading, increased shipment pressure of cargo holders, and the factory also lowered it for many times. Near the end of the month, Changchun and lihuayi implemented 17500 yuan / ton. In addition, the bidding price of Zhonghua East fell sharply to 16000 yuan in the month, which was bad for the market. By the end of the month, the offer of bisphenol a market was to 17250-17450 yuan / ton.

 

In March, after the maintenance of downstream units in Shandong, the supply is expected to increase. At the same time, the progress of phase II units of Zhejiang Petrochemical is expected, but the new units in downstream Hebei are expected to be put into operation. The business society expects that the balance between supply and demand in March will not change much, and the domestic phenol Market is expected to fluctuate.

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