According to the statistics of Vietnam textile and clothing association, the export volume of Vietnamese textile and clothing products in 2020 is US $25billion, a year-on-year decrease of 10%, which is the first negative growth in 25 years.

COVID-19 has brought great damage to the textile and garment industry of the country. In the first quarter of 2020, China’s customs clearance led to the shortage of Vietnamese raw materials supply. Vietnam’s exports to many regions, including Europe and America, began to suffer severe damage in the second quarter. 60% of Vietnam’s imported raw materials come from China, while exports to Europe and America account for 60% of its exports. Therefore, the epidemic has brought a huge blow to Vietnam’s textile and clothing industry. Recently, the crisis of shipping container supply has brought new impact on Vietnam textile and clothing export. The soaring sea freight and transportation delay lead to the increase of production cost and a large amount of warehouse products, which affects the capital flow of enterprises.

Judging from the current situation, due to the increasing proliferation of COVID-19, there is still uncertainty in global apparel demand. Vietnam is closely following the trend of China’s relations with Europe and the United States. Previously, the goal of Vietnam textile and clothing association was to reach 39billion US dollars in textile and clothing exports in 2021, but there are three conditions for achieving this goal: one is that Europe and the United States can control the epidemic situation, the other is that China continues to purchase Vietnamese cotton yarn, and the third is that domestic enterprises can seize the opportunities brought by the FTA.

Due to the unclear market outlook, many Vietnamese yarn factories delayed investment opportunities and no new ones in 2020, and the yarn capacity in the country is expected to maintain at 8.25 million ingots in 2019.

According to the Vietnamese customs data, the total export of Vietnamese yarn in 2020 is 1.74 million tons, an increase of 1.2% year-on-year. Cotton yarn is still the main export variety, accounting for 60% of all exports. In 2020, Vietnam’s cotton yarn export volume is 1.05 million tons, down 4% year-on-year. Due to the falling cotton yarn price, the export volume of cotton yarn is 2.5 billion US dollars, down 11% year on year. In 2020, Vietnam exported 944000 tons of cotton yarn to China and South Korea, accounting for 90% of the total cotton yarn export. The export of cotton yarn to China began to resume in June 2020.

The sharp fluctuation of cotton price in 2020 makes Vietnamese enterprises cautious about signing long-term U.S. cotton import contract and China cotton yarn export contract. To minimize risk, Vietnam’s yarn mills tend to sign short-term contracts (1-3 months). As Vietnam cotton yarn is mainly exported to China, any changes in the demand and policy of Chinese cotton and cotton yarn will have an impact on Vietnam cotton consumption. In 2019 / 20, Vietnam exported 867000 tons of cotton yarn to China, an increase of 7% year-on-year, accounting for 83% of Vietnam’s total cotton yarn export. In the first half of 2020 / 21, China’s cotton yarn import to Vietnam continued to increase. The agricultural counsellor of the United States predicted that Vietnam’s cotton yarn export to China will increase by 10% in the whole year and will continue to increase in 2021 / 22.

According to the data monitoring of business news agency, the trichloromethane market in Shandong has soared again since April, with the price at 3750 yuan / ton at the beginning of the month and 4050 yuan / ton at the end of the month, an overall increase of 8.00% since April.

Since April, the overall load of methane chloride plant in Shandong has not changed much, the pressure of supply side is not big, and it still has support for trichloromethane. According to the business news agency, Jinling Dongying unit has finished full load operation after maintenance, Dongyue methane chloride unit was shut down for maintenance on April 8, Jinmao methane chloride unit was shut down, and about 90% of the units were started in Luxi.

Secondly, the price of raw material liquid chlorine is lower, the price of methanol fluctuates in a narrow range, and the cost side is bad. Since April, the price of liquid chlorine has dropped sharply, the price of methanol has fluctuated in a narrow range, and the cost side is obviously bad. According to the business news agency, the mainstream ex factory price of liquid chlorine for tank cars in Shandong Province dropped from about 2100 yuan / ton at the end of March to about 1700 yuan / ton on April 16; the price of methanol was 2377 yuan / ton at the beginning of April and 2390 yuan / ton as of April 16, with the highest price of 2395 yuan / ton and the lowest price of 2367 yuan / ton in half a month. The overall price fluctuated in a narrow range.

Finally, in April, there were still sufficient orders for downstream refrigerants, with steady start-up and rigid support for chloroform demand.

Business community methane chloride data analysts believe that although the current raw material prices fall, the cost is obviously bad, but the inventory pressure of trichloromethane production enterprises in Shandong is not big, and the downstream refrigerant still has just need to support, it is expected that the price of trichloromethane will remain high and strong in the future.

1、 Price trend

This week, the ex factory price of urea in Shandong fell, from 2116.67 yuan / ton at the beginning of the week to 2113.33 yuan / ton at the end of the week, down 0.16%, up 22.39% compared with the same period last year. On the whole, the urea market fell this week. The urea commodity index was 98.29 on April 16, with an upward trend over the weekend.

2、 Market analysis

From the manufacturer’s quotation, the mainstream factory price of urea in Shandong fell this week. Yangmei plain urea quoted 2100 yuan / ton this weekend, down 10 yuan / ton compared with the beginning of the week; Shandong Ruixing urea quoted 2120 yuan / ton this weekend, temporarily stable compared with the beginning of the week; Mingshui chemical urea quoted 2120 yuan / ton this weekend, temporarily stable compared with the beginning of the week.

Demand side: agricultural demand is mainly sporadic procurement; downstream compound fertilizer, plastic plate plant start load increased slightly, most go with the market. Supply side: at present, the operating rate of urea enterprises is about 70%, with a decrease, and the daily output is about 150000 tons. Urea plant maintenance, supply side tightening.

From the data of upstream and downstream industry chain, the upstream products of urea fell slightly this week as a whole: the price of liquefied natural gas fell slightly, from 3440.00 yuan / ton at the beginning of the week to 3390.00 yuan / ton at the end of the week, a decrease of 1.45%, a year-on-year increase of 5.06%; the price of liquid ammonia fell slightly, from 3910.00 yuan / ton at the beginning of the week to 3836.67 yuan / ton at the end of the week, a decrease of 1.88% , up 19.27% year on year. This week, the quotation of melamine in the lower reaches of urea increased slightly, from 9916.67 yuan / ton at the beginning of the week to 10050.00 yuan / ton at the end of the week, with an increase of 1.34%, 95.78% over the same period of last year. On the whole, the urea cost support this week is poor, the demand is general, and the supply is tight.

3、 Future forecast

In late April, the urea market in Shandong may rise slightly. Urea analysts of business news agency believe that the current agricultural demand procurement is cautious and the industrial demand is used as soon as it is purchased, but the supply of urea is tight, and it is expected that the domestic urea market will fluctuate slightly in the short term.

According to statistics, the price trend of domestic ammonium nitrate was temporarily stable this week. By the end of the week, the domestic market price of ammonium nitrate was 2980 yuan / ton, which was the same as the price of 2980 yuan / ton at the beginning of the week, with a year-on-year increase of 29.57%. On April 15, the commodity index of ammonium nitrate was 156.84, which was the same as yesterday, decreased by 1.00% compared with 158.42 (2021-04-08), the highest point in the cycle, and increased by 102.71% compared with 77.37, the lowest point on October 31, 2016. (Note: period refers to the period from February 1, 2013 to now).

This week, the price trend of domestic ammonium nitrate Market maintained a high level. The domestic ammonium nitrate manufacturers started their plants normally, and the supply of ammonium nitrate in the yard was normal. Some manufacturers reported that the delivery situation was general, and the price trend of manufacturers maintained a high level. Recently, the supply of goods in the yard was tight, and the transportation was normal, so the market price of ammonium nitrate was temporarily stable. Recently, the shipment market of ammonium nitrate manufacturers is normal, and the downstream is purchased on demand. The domestic ammonium nitrate manufacturers start work normally, and the price trend of some manufacturers is temporarily stable. Up to now, the mainstream negotiation in Shaanxi is 2800-2900 yuan / ton, the mainstream negotiation in Shandong is 2200-2300 yuan / ton, and the price in Hebei is 3000-3300 yuan / ton.

This week, the domestic price of concentrated nitric acid was temporarily stable, with the weekend price of 2233.33 yuan / ton, which was the same as the price of 2233.33 yuan / ton at the beginning of the week. Jiangsu Hongze Yinzhu chemical quoted 2300 yuan / ton; Anhui Jinhe quoted 2300 yuan / ton; Shandong helitai quoted 2300 yuan / ton. Shaanxi Xinghua quoted 2150 yuan / ton. In recent years, the domestic overhaul units have been running normally, the market supply of concentrated nitric acid is normal, the goods on site are in general, the price trend of nitric acid on site remains stable, and the market price trend of ammonium nitrate is temporarily stable.

The price trend of upstream liquid ammonia dropped slightly this week, with the weekend price of 3836.67 yuan / ton, 1.88% lower than the price of 3910 yuan / ton at the beginning of the week. The operation of liquid ammonia plant in the yard was normal, the spot supply in the yard was sufficient, and the price trend of liquid ammonia market fell slightly. In terms of fundamentals, the price of liquid ammonia in Shandong fell slightly. Due to the increase of inventory pressure, the operating rate of manufacturers remained at a reasonable level, and there was a certain price difference with other regions in China, the price of liquid ammonia fell slightly. The ammonia quantity in Shandong Province is basically in the balance of supply and demand, which still has some support for the price. In the downstream, the agricultural fertilizer consumption has increased, the downstream demand is general, and the market price trend of ammonium nitrate is temporarily stable.

In the near future, the demand of downstream civil explosive industry is normal, and the production and marketing of nitro compound fertilizer is normal, and the price trend of raw material market has slightly dropped. However, the spot supply of ammonium nitrate is general, which has a certain positive support for the ammonium nitrate Market. The ammonium nitrate analysts of business community believe that the market price of ammonium nitrate may remain stable in the future.

1、 Price trend

This week, the distribution price of sulfuric acid in Shandong rose, from 520.00 yuan / ton at the beginning of the week to 526.67 yuan / ton at the end of the week, an increase of 1.28%, up 58% compared with the same period last year. Overall, the sulfuric acid market rose this week, with the sulfuric acid commodity index at 81.97 on April 9.

2、 Market analysis

From the quotation of manufacturers, the price of mainstream sulfuric acid manufacturers in Shandong Province rose this week, with large inventory and general downstream demand. At the end of the week, Heze Jiangyuan quoted 610 yuan / ton, which was temporarily stable compared with the beginning of the week; Zouping Tianlu quoted 520 yuan / ton, which was increased by 20 yuan / ton compared with the beginning of the week; Jinan Yuanfei quoted 450 yuan / ton, which was temporarily stable compared with the beginning of the week.

From the perspective of the upstream and downstream industry chain, the sulfur market in the upstream has been consolidated at a high level recently, and the cost support is good. Moreover, the market prices of monoammonium phosphate, diammonium phosphate and bromine in the downstream are also rising, which has a positive impact on sulfuric acid.

3、 Future forecast

In the middle of April, the sulfuric acid Market in Shandong may rise slightly. The price of sulfur in the upper reaches has been consolidated at a high level in recent years, the market in the lower reaches is better, the purchasing enthusiasm of sulfuric acid in the lower reaches is normal, and the product trend rises under the contradiction between supply and demand. Business community sulfuric acid analysts believe that the short-term Shandong market in the supply and demand and raw materials and other aspects of the impact of sulfuric acid market or small shock rise.

According to the trend chart, it is obvious that the price of DME market began to rise in late March, and the price continued to rise. According to the data monitoring of business news agency, the average price of dimethyl ether in Henan market was 3116.67 yuan / ton on March 22 and 3295.00 yuan / ton on April 8, with an increase of 5.72% during the period, up 7.33% compared with March 1. As of April 8, the domestic market prices of dimethyl ether are as follows:

Region specification Date Quotation

The mass fraction of dimethyl ether in Shandong area: ≥ 99.0% on April 8 to 3480 yuan / ton

The mass fraction of dimethyl ether in Hebei area: ≥ 99.0% on April 8 to 3600 yuan / ton

Mass fraction of dimethyl ether in Henan area: ≥ 99.0% on April 8th 3300-3350 yuan / ton

Since the end of March, the dimethyl ether Market showed a continuous upward trend, and the price rose significantly. At present, the mainstream quotation of dimethyl ether Market in Henan Province is about 3300-3350 yuan / ton. The rising market, the market more favorable factors. The first is the raw material methanol market. According to the data monitoring of the business society, the methanol market in Shandong began to stop falling and rebound on March 22, and the center of gravity moved up. The upward cost brought obvious benefits to the dimethyl ether Market. Secondly, in terms of liquefied gas market, Shandong’s civil gas market started to rise on March 22. As of April 8, Shandong’s civil gas market rose by nearly 9%, and the price difference between gas and ether gradually widened, boosting the market mentality. In terms of supply, affected by many factors, the operating rate of dimethyl ether Market has declined compared with the previous period. At present, the operating rate of domestic dimethyl ether Market is only about 12%. Finally, in terms of demand, after the Qingming Festival holiday, the downstream stores and replenishments demand, and the mentality is better, and the replenishment is concentrated in the market. Manufacturers shipping smoothly, inventory pressure is not big, strong mentality, prices continue to push up.

According to the statistics of the business society, taking xinlianxin manufacturers as an example, on March 29, the external quotation of Henan xinlianxin dimethyl ether was 3100 yuan / ton, Jiujiang xinlianxin dimethyl ether was 3170 yuan / ton, on April 9, the external quotation of Henan xinlianxin dimethyl ether was 3300 yuan / ton, and Jiujiang xinlianxin dimethyl ether was 3280 yuan / ton The price of Jiujiang xinlianxin dimethyl ether increased by 110 yuan per ton.

The cost of methanol market entered the domestic methanol market in April. According to the monitoring of business news agency, as of April 8, the average price of domestic methanol production enterprises in Shandong was 2395 yuan / ton, with a month on month increase of 2.57% and a year-on-year increase of 39.65%. Some production enterprises in Northwest China raised their ex factory quotations, and prices were boosted by futures. The downstream just needed to replenish after the festival, and the domestic methanol market rose in a narrow range. However, the good time is not long. The port’s destocking and low price supply still impact the market. In addition, the downstream’s acceptance capacity is limited, and the follow-up of the firm offer is insufficient, so the price rise is not sustainable.

In general, the low operating rate of dimethyl ether Market has brought some support to the market, and the relatively strong price of methanol and liquefied gas in the civil market has also brought good results to the market. Manufacturers inventory is generally in a controllable level, short-term pressure is not big. But in terms of demand, with the end of replenishment in the downstream and the rising temperature, the demand is expected to weaken. The business association thinks that the price of dimethyl ether Market is still strong in the short term, but it is unlikely to continue to rise in the long term.

ABIPLAST, the Brazilian Plastics Industry Association, confirmed that import duties on polypropylene (PP) had been reduced to zero.

In addition, an import quota of 77000 tons per quarter was implemented.

The authorized amount in the next three months is proportional to the annual import volume of polypropylene homopolymer (243000 tons in total).

ABIPLAST and members of the production chain, including the Brazilian national chemical company, pay close attention to the market every day to assess whether additional measures are needed.

Major producers in the region include: Brazil National Chemical Corporation, petrocuyo, petroquim, essentia and indelpro.

Polypropylene (PP) is used for packaging, ropes, carpets, plastic parts, loudspeakers and automotive parts.

According to business agency data monitoring: lithium carbonate prices this week slightly explored, but most companies offer basically the same. On April 2, the average price of industrial lithium carbonate in East China was 87000 yuan / ton, which was 0.46% higher than that of the early Zhou Dynasty (on March 29, the average price of industrial lithium carbonate in East China was 86600 yuan / ton). On April 2, the average price of battery grade lithium carbonate in East China was 90600 yuan / ton, which was 0.44% higher than that of early Zhou (on March 29, the average price of battery grade lithium carbonate in East China was 90200 yuan / ton). On February 2, the comprehensive quotation of industrial lithium carbonate market was around 82000-90000 yuan / ton, and the comprehensive price of battery grade lithium carbonate market was 85000-92000 yuan / ton.

According to the observation of market changes, lithium carbonate price this week slightly explored, with relatively small fluctuation range, and most enterprises’ quotation price was basically the same as last week. At present, the market lithium carbonate suppliers have strong willingness to support the price, and the price is still stable under the condition of relatively weak demand. From March to may, the domestic lithium carbonate will continue to increase, and the pattern of short supply has been improved obviously, so it is difficult to see the price rise.

The downstream lithium hydroxide price is relatively stable, the market is in high position and stable operation. The enterprises mainly deliver the pre orders, and the downstream demand is relatively stable. In the aspect of the power market, the price is also gradually stable, with the market demand slowing down, the rising space is limited.

According to the price monitoring of business agency, the commodity index of lithium carbonate on April 1 was 221.66, up 0.51 points from yesterday, down 45.28% from the highest point 405.10 (January 07, 2018), and 124.94% higher than the lowest point of 98.54 on October 16, 2014. (Note: the period refers to 2011-09-01 to now)

Analysts of lithium carbonate in business agency believe that the market demand is stable in the near future, downstream enterprises are basically in the state of just need to buy, the price rising trend is slightly weak, and it is expected that lithium carbonate price will continue to be high in the short term.

1、 Price trend

According to the data of business club’s block list, the average ex factory price of powdered monoammonium was 2566.67 yuan / ton on March 26, and 2560 yuan / ton on March 22, with a year-on-year increase of 20.31%.

According to the data of the business club’s block list, on March 26, the average ex factory price of 64% diammonium was 2900 yuan / ton, and on March 22, the average ex factory price of 64% diammonium was 2900 yuan / ton, up 30.34% year on year.

2、 Market analysis

This week, the price of monoammonium phosphate rose slightly, the manufacturers made more stable adjustments, limited new orders, main orders, little shipping pressure, and the willingness to support the market is still relatively strong. At present, the downstream demand is stable, just need to purchase, the cost support is acceptable, and the short-term market is relatively stable. Anhui Province 55% ammonium powder factory offer 2450-2460 yuan / ton. The price of 55% ammonium powder in Hubei Province is 2500-2600 yuan / ton. The price of 55% ammonium powder in Henan Province is about 2500-2700 yuan / ton. The price of 55% ammonium powder in Sichuan is about 2400-2550 yuan / ton.

This week, DAP market is temporarily stable, market price guidance is not strong, most enterprises still stop reporting, continue to send orders. At present, the manufacturers mainly supply export orders, but there is still a gap in the domestic market supply, so the good news still exists, and the short-term market is relatively stable. In the domestic market, 64% of diammonium enterprises in Hubei Province stopped reporting, while 64% of diammonium enterprises in Gansu Province quoted 3150 yuan / ton. The price of 64% diammonium in Yunnan is 3300-3430 yuan / ton. In Guizhou, 64% diammonium is priced at 3250-3300 yuan / ton, while in Heilongjiang, the first arrival price of 64% diammonium is about 3300 yuan / ton.

In terms of raw materials, the domestic sulfur market is mainly wait-and-see, the inventory of domestic refineries in various regions remains low, the market sulfur price is high and firm, the enthusiasm of downstream factories to purchase in the market is weak, the quotation of domestic refineries is basically stable, and the shipment is acceptable. During the week, refineries in various regions of China made big steady and small moves, with the exception of Sinopec’s solid sulfur price increase of 20 yuan / ton in East China, the overall market quotation was stable. As of March 26, the reference price of sulfur was 1476.67, up 7.52% compared with March 1 (1373.33).

3、 Future forecast

Analysts of ammonium phosphate from business news agency believe that at present, the cost support is still in the market, domestic phosphate fertilizer export is good, enterprises mainly deliver early orders, the market arrival is low, which is good support. Monoammonium phosphate and diammonium phosphate tend to be strong in the short term, and with the weakening of favorable factors, the later price may face a callback.

On March 29, international oil prices rose and fell repeatedly, domestic oil products fell steadily, and MTBE market prices remained stable. According to the data of business news agency, the price of MTBE was 5710 yuan / ton on March 29, and it was stable in the past seven days.

The upgrading of epidemic prevention and control measures in many European countries and the slow progress of vaccine promotion have cast a shadow on the prospects of economic recovery. In addition, the United States had inventory growth and international oil prices fell, but the Suez Canal ships were blocked, resulting in freight growth and international oil prices rose again. WTI crude oil prices fluctuated widely in the past seven trading days, ranging from US $57.5 to US $61.5 per barrel.

International oil prices fluctuated repeatedly, domestic gasoline market prices fell slightly, and demand for intermediate materials such as MTBE decreased, but the overall price of MTBE market remained stable. The MTBE market in Shandong maintains a rigid demand, while the oil distributors in southern market have a relatively negative intention to enter the market. On the whole, the price of MTBE in domestic market is stable and declining.

MTBE product analysts of business society energy branch think: the upward strength of crude oil price is insufficient, mainly in a wide range shock, coupled with the domestic refined oil reduction on March 31, gasoline price is about to decline, and the price of intermediate materials such as MTBE is expected to decline.