After the labor day, the domestic MTBE market rose sharply. According to the data of business agency, the domestic MTBE market continued to rise from May 11 to June 8, with a significant increase. On May 11, the price of MTBE was kept at 7200 yuan / ton, and on June 8, the price was kept at 8512 yuan / ton. During the period, the price increased by 18.23% and the price increased by 42.75% year-on-year.

Trend chart of MTBE average domestic production price of business agency:

At present, multiple positive factors continue to push the MTBE market upward: first, the international oil price continues to rise, which gives support to the market mentality. The whole oil industry chain has a good atmosphere and strong momentum; Secondly, export orders have been boosted, especially in Shandong, where factories are concentrated in the port, export resources are in short supply, goods are tight and prices are high, and merchants are actively pushing up; Thirdly, the price of gasoline has also stepped up, and the rigid demand for local refining still exists, which supports the market demand. MTBE market transactions in various regions are good.

Annual comparison chart of MTBE prices of business club from 2018 to 2022:

In terms of methanol, the domestic methanol market is in a stalemate and the spot transaction is poor. Although the macro was strong and the futures disk rose strongly, the overall spot follow-up was insufficient and the basis weakened rapidly. The prices in the main production areas in Northwest China are mixed, and the prices in Inner Mongolia are lowered and those in Guanzhong, Shaanxi are raised. However, it is difficult to deal in large quantities; The downstream receiving price in northern Shandong, the main end market, has remained basically stable. Although the upstream price has been lowered, the freight has risen, and it is difficult for traders to push up and make profits. The short-term domestic methanol market is dominated by stalemate.

Comparison chart of crude oil and MTBE price trend of Business Club:

Comparison chart of methanol and MTBE price trend of Business Club:

Comparison chart of gasoline and MTBE price trend of Business Club:

Price trend comparison chart of Yishe diesel and MTBE:

In terms of external trading, as of the closing on June 7, the closing price of Asian MTBE market increased by $8 / T compared with the previous trading day, and FOB Singapore closed at $1312.99-1314.99 / T. The closing price of MTBE market in Europe decreased by USD 15.50/t compared with the previous trading day, and FOB ara closed at USD 1827.99-1828.49/t. The closing price of MTBE market in the United States decreased by 12.53 dollars / ton compared with the previous trading day, and FOB Gulf FOB price closed at 1873.11-1873.47 dollars / ton (527.64-527.74 cents / gallon).

Region, country., Closing price, Up and down

Asia, FOB Singapore, 1312.99-1314.99 USD / ton, USD 8 / ton

Europe, FOB ARA., 1827.99-1828.49 USD / ton, – 15.5 USD / ton

U.S.A., FOB Bay, 1873.11-1873.47 USD / ton, – 12.53 USD / ton

Monthly K column chart of MTBE domestic production price of business agency:

Weekly K column chart of MTBE domestic production price of business agency:

Price fluctuation chart of MTBE industrial chain of Business Club:

Price rise and fall list of MTBE industrial chain products of Business Club:

List of price rise and fall of products in MTBE sector of Business Club:

Crude oil is still at a high level, and there are still export orders, which gives strong support to the market. In addition, in recent years, each company has little inventory, and some rigid demand is still in existence. Therefore, businesses are very bullish MTBE analysts of business agency believe that there is still room for the domestic MTBE market to rise in the short term.

1、 Price trend:

According to the bulk list data of the business agency, the domestic market of PA6 rose in May, and the spot prices of various brands rose. As of May 30, the mainstream offer price of the sample enterprises for Zhongtong 2.75-2.85 was about 16300 yuan / ton, up or down by +3.38% compared with the average price at the beginning of the month.

2、 Analysis of influencing factors:

Industrial chain: upstream, the price of caprolactam rose this month. The crude oil was violently shaken by the increasingly tense situation in Eastern Europe, and the raw materials pure benzene and caprolactam were supported. At the beginning of the month, some caprolactam enterprises planned to overhaul their devices, resulting in a decrease in supply and an increase in prices. Downstream procurement is based on demand, mainly on maintaining production. It is expected that the caprolactam market may be sideways after rising in the short term.

The upstream caprolactam market trend is positive, and the cost side support of PA6 this week is acceptable. The operating rate of domestic PA6 polymerization plant was generally stable at about 70% in the month, with limited change. In terms of news, the tension between Russia and Ukraine remains the same, and the strong operation of international crude oil prices does not significantly support the transmission of PA6 cost side as expected. The supply side of PA6 is relatively abundant, but the profit of the manufacturer is under pressure. The load of downstream enterprises was basically sideways, the demand slowed down, and the on-site trading at the end of the month decreased. The health incident in May has hindered the logistics in many places in East China and has not yet ended, affecting some PA6 demand.

3、 Future forecast:

According to the analysts of business agency, the spot price of PA6 rose in May, the trend of caprolactam rose as a whole, and the cost support of PA6 was acceptable. Downstream enterprises mainly take small orders to maintain production. There is resistance to high price goods in the market, and the trading volume shrinks. It is expected that the trend of PA6 market may turn down in the short term.

According to the monitoring data of business agency, the average ex factory price of LLDPE (7042) was 9000.00 yuan / ton on May 1 and 8888.33 yuan / ton on May 30. The decline rate in May was 1.24%, 4.22% lower than that on April 1.

According to the monitoring data of business agency, the average ex factory price of LDPE (2426h) was 11750.00 yuan / ton on May 1, and 11300.00 yuan / ton on May 30. The decline in May was 3.83%, 4.64% lower than that on April 1.

According to the monitoring data of business agency, the average ex factory price of HDPE (5000S) was 9866.67 yuan / ton on May 1 and 9850.00 yuan / ton on May 30. The decline rate in May was 0.17%, which was stable compared with April 1.

In May, the overall weakness of the domestic polyethylene market decreased, and the three major varieties in East China all went down to varying degrees. Among them, LLDPE and LDPE showed a trend of first rising and then declining, and the HDPE market showed a trend of first falling and then stabilizing. During the month, the market was more bad than good. In May, the international crude oil price rose, and the cost side brought some support to the market. However, with the completion of equipment maintenance of some manufacturers, the market supply has increased. In addition, with the arrival of the off-season, the terminal demand is weak, the downstream factories maintain the replenishment on demand, the market trading atmosphere is general, the petrochemical inventory is at a high level, and the overall price is weak.

In May, Liansu futures market fell first and then rose, which brought phased support to the spot market. On May 30, the opening price of polyethylene futures 2209 was 8794, the highest price was 8880, the lowest price was 8747, the closing price was 8874, the previous settlement price was 8796, the settlement price was 8812, up 78, the trading volume was 381533, the position was 326296, and the daily position was increased by 20345. (quotation unit: yuan / ton)

At present, the international crude oil price is rising, and the cost side has brought some support to the market. However, affected by the off-season demand, the terminal demand is weak, and the market supply is still expected to increase in the later period, and the market negative factors are still obvious. It is expected that the PE spot market may still weaken in June.

According to the monitoring of the business club, in May, the domestic adipic acid went out of the inertia decline in April, and then stopped falling and rebounded. On the one hand, the cost side is favorable, and pure benzene continues to rise, bringing profit pressure to downstream adipic acid enterprises. However, driven by factors such as relative excess supply and insufficient demand, adipic acid did not follow the upward pace of pure benzene in the middle and early days, and the market hit the bottom and rebounded in the late days. Throughout the month, adipic acid still fell by 0.50%. At the end of the month, the mainstream transaction price of adipic acid in East China was 11800-12200 yuan / ton.

Supply side

From the perspective of market supply, the operating rate of manufacturers in this month was mainly flat compared with that in the previous month, about 70%. Although the operating rate did not rise significantly, the pressure on enterprise inventory was obvious in the first two months, and the manufacturer has been reducing prices and arranging inventory. In the middle and late ten days of the year, the market inventory pressure gradually eased. With the increase of the listing price of the manufacturer, the market also bottomed out and rebounded. In terms of commencement, Hongding and Jiangsu Haili plants were shut down within the month, and one of Shandong Haili lines was briefly maintained; Taihua Chemical Co., Ltd. operated at reduced load, and the utilization rate of the unit was reduced to less than 50%. Other devices are mainly normal. In the case of insufficient demand, the relatively abundant supply is the fundamental reason for the low price of adipic acid.

Cost side

Market trend of pure benzene upstream adipic acid

According to the monitoring of the business community, pure benzene was the main player this month, with an increase of 6.37% this month. The price of plateau feedstock still supports the downstream adipic acid. In the later stage, as the cost continues to transfer, adipic acid may still have the power to move.

Market trend of cyclohexanone upstream adipic acid

The price of cyclohexanone also kept rising this month, with an increase of 4.2%. The high-level operation of raw material pure benzene gives support to the whole industrial chain. In terms of supply, the operating rate of production enterprises is low, and the supply is slightly tight, adding positive factors. At the same time, the downstream continued to recover, the basic demand began to expand, and the cyclohexanone market was relatively strong in the whole may.

The upstream products cyclohexanone and pure benzene increased significantly, boosting the downstream. This is also the direct reason why the price of adipic acid can reach the bottom and rise when the supply and demand is relatively weak.

Demand side

Market trend of adipic acid downstream PA66

Terminal demand: the demand for adipic acid remained weak this month. The epidemic situation and transportation problems restrained some procurement demand. The downstream start-up was relatively sluggish. Although the holiday was approaching, the downstream plants did not have the peak of early stocking as in previous years. The orders shall be mainly based on the rigid demand, and the actual orders shall be negotiated for multiple low-level transactions. In terms of export, the volume of goods shipped has not changed much, but the prices mostly run at low prices along with the domestic market prices. In general, the weak demand for adipic acid in April is the core reason for the weak price.

Downstream product PA66: according to the monitoring of business agency, PA66 continued to decline in May, narrowed compared with the previous month, with a range of -3.74%. In May, the load level of domestic PA66 enterprises was still high on the whole. There is a lot of spot supply on the site, and the profit of PA66 enterprise is under pressure. The inventory position of the port is acceptable, and the arrival volume of overseas goods is general. On the demand side, at present, the terminal enterprises tend to follow up with the goods to maintain production, and have strong resistance to the high price supply. The impact of domestic health events on East China in this month has not yet ended, and logistics in many places have been affected to varying degrees. The demand of some domestic downstream factories has shrunk, the contradiction between supply and demand is prominent, and merchants have great resistance to shipping. The turnover on the floor declined, superimposed on the end of the month, and the seller’s mentality was poor, so he let the single operation of profit take the lead. Overall, the downstream demand for adipic acid has not changed much, and demand is the most important factor restricting its market.

Upstream and downstream industrial chain

Trend of adipic acid industrial chain

The above figure shows that in May, the upstream of adipic acid industrial chain was stronger, and the upstream products pure benzene and cyclohexanone generally rose. While the cost side was still good for adipic acid, it also put pressure on adipic acid manufacturers, and their profits continued to decline compared with last month. In addition, the price of PA66 in the downstream is weakening, indicating that the downstream demand for adipic acid is still weakening. The high cost has brought a certain degree of pressure on the terminal demand.

Outlook

In the near future, the business community believes that the cost side: the crude oil market continues to rise, the upstream cost brings pressure, the raw material pure benzene mostly follows the trend of crude oil, and the high oil price pure benzene brings support, but adipic acid will still face the pressure from high cost in the future. At present, the rising trend of adipic acid has not been fully opened, and the manufacturer may gradually raise the price in the later stage. In addition, the adipic acid manufacturer has a maintenance plan in the near future, so it is likely that the supply will decline in the future, Positive factors in the supply side may support its continued recovery. However, there is little possibility of a sharp rise or fall, and it is necessary to pay attention to the changes in downstream demand in the later stage.

Price trend:

According to the data of the bulk list of the business community, the domestic ABS market fell in May, and the spot prices of various brands decreased. As of May 31, the average price of general-purpose ABS mainstream offer was about 13350 yuan / ton, up or down -5.99% compared with the price level at the beginning of the month.

Factor analysis:

Industrial chain: in terms of raw material styrene, the mainstream price of styrene in Shandong rose in May. The monthly low was 9733.33 yuan / ton at the beginning of the month, and the highest was 10262.50 yuan / ton on May 22, an increase of 5.44%. At present, the output of domestic styrene factories is at a relatively low level, which is lower than that of the same period last year. The tradable inventory at the port is also not large. The overall inventory of styrene is relatively ideal, and the price fluctuates higher. The international crude oil price is expected to rise, but the downstream demand is difficult to increase significantly in the short term. It is recommended to pay close attention to the cost side.

At the beginning of May, the price of acrylonitrile was strong, the overhaul of some enterprises was completed, the number of domestic resumption and start-up enterprises gradually increased, and the supply side gradually increased, causing the price focus of acrylonitrile to drop in the middle and late ten days. On the demand side, it tends to be lagging and weak. There is a contradiction between supply and demand in the market. In addition, the impact of health events on transportation is still ongoing. The downstream demand performance is average. The ex factory spot price is subject to multiple pressures, or will continue to fall.

At the beginning of May, the butadiene market experienced a period of downturn and consolidation. As major domestic manufacturers raised their ex factory prices and domestic sources of goods actively exported, the export prices were strong, which significantly boosted the domestic spot prices. Near the end of the month, with some units shut down for maintenance, the inventory continued to decline, the profit of synthetic rubber was under pressure, and the operating rate decreased. Butadiene analysts of business agency predict that the butadiene market may continue to rise.

In May, the upstream three materials of ABS cost side rose and fell, and the overall support was acceptable. In terms of industry load, the current operating rate of ABS enterprises is at a high level, which has increased this month compared with last month. In the middle and late days of the year, due to inventory and capital pressure, individual polymerization plants have reduced their burden independently, but the effect of reducing pressure on the supply side is not obvious. The manufacturer’s mentality has weakened and the factory price has been lowered. China’s health incidents still have a great impact on some parts of East China. The logistics and production are affected, which depresses a certain demand. The goods are not transported smoothly in the yard, and the offer falls. The tension in Eastern Europe, Russia and Ukraine remained unchanged, causing crude oil to rise in shock. However, the transmission effect of price to ABS industrial chain is general, and the market divergence is large. The current market is mainly bad for the contraction of downstream demand.

Future forecast:

According to the analysts of the business agency, the spot market of ABS fell in May, and the overall trend of the three upstream materials was acceptable, which supported the cost side of ABS. Domestic spot supply is abundant and demand follow-up is poor. This month, the load of downstream household appliances and other industries fell, adding to the impact of transportation obstruction. The operators have poor confidence in the future market. It is expected that the ABS spot market will continue to be weak in the short term.

1、 Price trend

According to the data monitored by the business agency (the average ex factory price of carbide SG5), the average price of domestic PVC mainstream was 8446.25 yuan / ton on May 31, down 2.63% from 8700 yuan / ton at the beginning of the month and 7.42% compared with the same period last year.

2、 Market analysis

In May, the PVC market fluctuated weakly, the downstream demand was less than expected, the real estate demand was not released enough, and the public health events in various parts of the country were still severe. The downstream product industry was limited to start-up, and the purchase of gas was insufficient. The PVC price weakened, falling by 2.63% in the month. With the return of the May Day holiday, the disk is running stronger. In addition, the price of raw calcium carbide has increased, and the cost support has increased. PVC futures and spot prices have risen hand in hand. From the middle of the year, the price of raw calcium carbide has decreased, and the cost support has decreased. In addition, exports have weakened, and the demand side has continued to weaken, further aggravating the downward trend of PVC. Towards the end of the month, PVC maintenance enterprises are concentrated, and the operating rate has declined, PVC prices rebounded slightly, but it is difficult to see a big rise. By the end of the month, the price of raw calcium carbide was around 4400 yuan / ton, and the quotation range of domestic pvc5 calcium carbide enterprises was mostly around 8250-8550 yuan / ton. At present, CFR China is down 10 to US $1190 / ton, CFR Southeast Asia is down 10 to US $1285 / ton, and CFR India is down 30 to US $1370 / ton.

It can be seen from the weekly increase and decrease from March 7, 2022 to May 29, 2022 that domestic PVC rose and fell in the cycle. The maximum increase was in the week of March 7 and the maximum decrease was in the week of May 23. The overall fluctuation in the near future is small.

As for international crude oil, the price of crude oil fluctuated and rose in May, the EU oil ban on sanctions against Russia was delayed, and the expectation of tight supply remained unchanged. With the arrival of summer driving season in the United States, demand is expected to improve, and supply and demand fundamentals are still good for oil prices. OPEC will adhere to the oil production agreement reached last year at the meeting on June 2, increasing the daily output by 432000 barrels in July, rejecting Western calls for faster production increase to reduce soaring oil prices. As the epidemic situation in Asia gradually eases, demand expectations tend to improve.

Ethylene, the external market of ethylene fell in May. The ethylene market price in Asia fell. As of the 27th, CFR Northeast Asia closed at US $1046-1056 / ton, and CFR Southeast Asia closed at US $1146-1156 / ton. The market price of ethylene in Europe fell sharply. As of the 27th, FD northwest Europe closed at US $1635-1647 / ton and CIF northwest Europe closed at US $1394-1403 / ton. The price of ethylene in the United States rose violently. As of the 27th, the price was 647-664 yuan / ton. In May, except for the slight rise in the United States, the price of ethylene in the outer market basically fell. The market transaction was poor and the price continued to fall..

Calcium carbide, the ex factory price of calcium carbide in Northwest China rose slightly this month. This month, the average ex factory price of mainstream calcium carbide manufacturers in Northwest China rose from 3983.33 yuan / ton at the beginning of the month to 4366.67 yuan / ton at the end of the month, an increase of 9.62%, a year-on-year decrease of 1.13% compared with the same period last year. In the aftermarket, it is predicted that the price of calcium carbide in Northwest China may fluctuate slightly in the middle and early June, mainly for consolidation.

3、 Aftermarket forecast

PVC analysts of the business club believe that, as the Dragon Boat Festival approaches, the market is stronger, the current price of PVC is rising, the market transaction atmosphere is getting better, and it will rise steadily in the short term. However, it is about to enter the traditional off-season, and the price may not rise sharply.

1、 Price trend

As can be seen from the above figure, the domestic market price of imported potassium chloride rose slightly this month, from 5166.67 yuan / ton at the beginning of the month to 5366.67 yuan / ton at the end of the month, an increase of 3.87%. The factory price of domestic potassium chloride rose slightly. In this month, the ex factory price of potassium chloride in domestic salt lakes rose from about 3500.00 yuan / ton at the beginning of the month to 3980.00 yuan / ton at the end of the month, an increase of 13.71%. On May 30, the potassium chloride (import) commodity index was 141.23, unchanged from yesterday, hitting a record high in the cycle, up 46.03% from the lowest point of 96.71 on September 16, 2021. (Note: the period refers to the period from September 1, 2021 to now)

2、 Market analysis

The quotation of mainstream domestic potassium chloride manufacturers increased slightly this month: the ex factory quotation of Qinghai Salt Lake potassium chloride at the end of the month was about 3980 yuan / ton, an increase of 480 yuan / ton compared with the beginning of the month, mainly contract. Youde Shi offered 5300 yuan / ton of potassium chloride at the end of this month, an increase of 200 yuan / ton compared with the beginning of this month. Zibo Dehe offered 5500 yuan / ton of potassium chloride at the end of this month, up 100 yuan / ton compared with the beginning of this month. Anhui Badou offered 5300 yuan / ton of potassium chloride at the end of this month, an increase of 300 yuan / ton compared with the beginning of this month. The self raised price of 62% white potassium at the port is about 5300 yuan / ton, that of 60% Dahong granules at the port is about 5200 yuan / ton, that of 62% Russian White potassium at the border trade is about 4900-5000 yuan / ton, and that of 60% white potassium in Qinghai is about 4380-5000 yuan / ton.

From the downstream market of potassium chloride, the ex factory price of potassium carbonate rose slightly this month, from 9083.33 yuan / ton at the beginning of the month to 9725.00 yuan / ton at the end of the month, an increase of 7.06%, up 44.72% year-on-year compared with the same period last year. The ex factory price of potassium nitrate rose slightly this month, from 7083.33 yuan / ton at the beginning of the month to 7550.00 yuan / ton at the end of the month, an increase of 6.59%, an increase of 66.30% over the same period last year. Overall, the downstream market of potassium chloride rose slightly, and the downstream demand for potassium chloride was good.

3、 Aftermarket forecast

Potassium chloride market trend or high-level consolidation in the middle and early June. The price of potassium chloride in Salt Lake and zangge is stable and continues to increase, but the market supply is still limited and tight. Agricultural demand is weakened, industrial demand is normal, and just need to purchase. The international potash fertilizer market is supported by a high level, and it is unlikely that potassium chloride will fall.

1、 Price trend

According to the bulk data monitoring of the business agency, as of May 30, the average price of refrigerant R22 was 17500 yuan / ton, a decrease of 0.94% compared with the price of 17666.67 yuan / ton at the beginning of the month, and an increase of 3.17% compared with the same period last year

According to the bulk data monitoring of the business agency, as of May 30, the average price of refrigerant R134a was 21000 yuan / ton, down 13.1% from 24166.67 yuan / ton at the beginning of the month and 8.43% compared with the same period last year

2、 Market analysis

In May, the price of refrigerant R22 fluctuated slightly. The price of raw material chloroform continued to fall within the month, with a decline of about 35%. The cost support fell, and the demand was still not high. The production and sales of air conditioners were average, and the refrigerant enterprises had some difficulties in shipping. The price of R22 fell steadily. At present, the price of raw hydrofluoric acid is mostly 11730 yuan / ton, the price of chloroform is about 3575 yuan / ton, and the market price of R22 is mostly in the range of 16000-18000 yuan / ton. The quotation in Shandong is about 17000-17500 yuan / ton, that in Zhejiang is about 17000-17500 yuan / ton, that in Hunan is about 16000-16500 yuan / ton, and that in Guangzhou is about 18000 yuan / ton.

In May, the refrigerant R134a market fell sharply, and the market focus shifted downward. The price of the raw material hydrofluoric acid fluctuated little, the price of trichloroethylene fell sharply, the cost support decreased sharply, and due to the impact of domestic public health events, the downstream automobile production and sales were general, the demand was poor, the market transaction was still flat, the enterprise mainly reduced the price and arranged the warehouse, and the actual transaction was lower than the offer. Up to now, the price of raw hydrofluoric acid is about 11730 yuan / ton. The market quotation of R134a is mostly in the range of 18000-25000 yuan / ton, and the actual transaction is lower than the offer. The quotation in Shandong is about 18500-26000 yuan / ton, that in Zhejiang is about 19000-25000 yuan / ton, that in Hunan is about 18000-18500 yuan / ton, and that in Guangzhou is about 24000 yuan / ton.

In terms of raw materials, the price trend of domestic hydrofluoric acid rose slightly in May. As of the end of the month, the mainstream price negotiated by various regions of domestic hydrofluoric acid was 11100-11500 yuan / ton. The prices of some manufacturers were higher than the market price. The actual transaction prices on the floor this week mainly rose. Recently, the domestic spot supply of hydrofluoric acid decreased, but the downstream acceptance was not high, and the market price of hydrofluoric acid rose slightly.

3、 Aftermarket forecast

According to the refrigerant analysts of the business agency, the cost demand in May continued to remain in a state of “double weakness”. The refrigerant enterprises’ shipment was under pressure, and the inventory was under certain pressure. It was not easy to have an obvious inflection point in the short term. It was also necessary to pay attention to the downstream demand and foreign trade.

Domestic p-xylene price trend:

It can be seen from the p-xylene trend chart that the price trend of this week was temporarily stable. As of the end of the week, the domestic ex factory price of p-xylene was 9900 yuan / ton, unchanged from the price of 9900 yuan / ton at the beginning of the week, with a year-on-year increase of 54.69%.

Recently, the domestic paraxylene supply is normal, the domestic PX operating rate is about 70%, Sinochem Hongrun Petrochemical 600000 ton unit operates stably, Yangzi petrochemical unit operates stably, Pengzhou petrochemical unit operates stably, Yangzi Petrochemical PX unit operates normally, Jinling Petrochemical unit operates stably, Qingdao Lidong unit operates at full load, Qilu Petrochemical Unit operates stably, and Urumqi petrochemical unit starts at about 50%, Domestic p-xylene supply is relatively normal, but the supply of overseas units is reduced. This week, the crude oil price rises, and the domestic p-xylene price remains high. Affected by the higher closing price of international crude oil, the PX external price rose slightly. As of the 26th, the closing price in Asia was $1286-1288 / T FOB Korea and $1304-1306 / T CFR China. Recently, the operating rate of PX devices in Asia has remained low. A PX device in South Korea was shut down unexpectedly, resulting in a production capacity of 1.79 million tons. This accident led to a significant reduction in the source of imported goods. In addition, the export of PX sources in Asia to Europe and the United States increased, and the export of PX to China decreased, The closing price of PX rose, and the domestic paraxylene market price remained high.

The crude oil price trend rose as a whole this week. The settlement price of the main contract of WTI crude oil futures in the United States was $114.09/barrel, and the settlement price of the main contract of Brent crude oil futures was $114.17/barrel. The European Union’s oil ban on sanctions against Russia has been delayed, and the expectation of tight supply remains unchanged. With the arrival of summer driving season in the United States, demand is expected to improve, supply and demand fundamentals are still good for oil prices, oil prices are supported upward, and the domestic paraxylene market price trend is temporarily stable due to the rise of crude oil prices.

The downstream PTA market price rose slightly this week. As of the 27th, the average PTA market price was 6800-6900 yuan / ton. PTA market closely followed the trend of crude oil. In the early stage, driven by the rise of crude oil price, PTA price rose. In terms of self supply, PTA operation rate is about 68%. Under the guidance of buying up sentiment, the downstream market made up an appropriate amount of positions, and the polyester start-up also increased to around 78%. In terms of prices, affected by the boost of raw materials in May, the prices of downstream polyester factories rose by 5-8%. In Jiangsu and Zhejiang provinces, the startup rate of looms has rebounded significantly due to the warmer orders. Especially in Xiaoshao, Haining, Changshu and other places, the factory’s order receiving rate improved moderately, which was better than that in April. However, at present, some domestic trade orders are improving, while foreign trade orders are still not improving. There is a strong wait-and-see mood in the terminal textile market, and the purchase is cautious. The domestic paraxylene market price remains high.

Chen Ling, PX analyst of business club, believes that the current crude oil price trend is rising, the cost side is still supporting, the downstream operation of the terminal is not high, and the overall demand side is normal. However, the supply of imported paraxylene is relatively tight. In general, it is expected that the market price of paraxylene may rise slightly in the later period.

According to the monitoring data of business agency, from May 13 to 20, the average market price of cyclohexanone in China rose from 11750 yuan / ton to 11766 yuan / ton, with an increase of 0.14% in the week, 5.06% month on month and 6.01% year-on-year.

The domestic cyclohexanone market was at a high level this week. The raw material pure benzene rose at a high level. Sinopec pure benzene was listed for three times and increased by 350 yuan / ton to 9300 yuan / ton. The cost rose strongly, and the cost pressure of cyclohexanone increased. Downstream caprolactam rose passively, but the overall load was low and at a loss, the enthusiasm for outward mining was weak, and the delivery of cyclohexanone was not smooth. Under the pressure of cost, the market maintained a firm operation.

Summary of domestic cyclohexanone market as of May 20:

region ., Price

East China 11900-12000 yuan / ton cash delivery

South China, 12000-12100 yuan / ton cash delivery

Shandong Province, 11700-11800 yuan / ton cash delivery

Raw material pure benzene: the price of pure benzene rose in the period, and the price difference between East China and Shandong widened. The spot transaction in East China was 9100-9350 yuan / ton, and that in Shandong was 8600-8900 yuan / ton.

Comparison chart of price trend of pure benzene (upstream raw material) and cyclohexanone in business agency:

Downstream caprolactam: caprolactam market continues to rise. Recently, caprolactam is mainly dominated by cost. The price of upstream pure benzene has risen continuously. Sinopec’s pure benzene has been listed and risen to 9300 yuan / ton. The cost pressure of caprolactam has intensified.

Comparison chart of price trend of cyclohexanone and caprolactam (downstream products) in business society:

In a short time, the supply and demand of cyclohexanone is weak, and cyclohexanone is still dominated by cost. The cyclohexanone analyst of business agency predicted that the cyclohexanone would be consolidated at a high level in the short term.