1、 Price trend chart of nitric acid Market

Nitric acid price curve

According to the monitoring of the business agency, the average price of nitric acid in East China this weekend was 1550 yuan / ton, while the average price at the beginning of the week was 1600 yuan / ton, down 3.12%.

2、 Market analysis

Products: the price of concentrated nitric acid enterprises has declined, Jiangsu Hongze Yinzhu Chemical Co., Ltd. has offered 1400 yuan / ton, 100 yuan / ton lower than last week; Anhui Jinhe Chemical Co., Ltd. has offered 1450-1500 yuan / ton, 100 yuan / ton lower than last week; Shandong helitai Chemical Co., Ltd. has offered 1750 yuan / ton, the price is even compared with last week; nitric acid market demand is light.

Industrial chain: upstream liquid ammonia, the price of liquid ammonia this week is temporarily stable. Downstream aniline, weak downward this week; TDI, weak stable finishing this week.

3、 Future forecast

The nitric acid analyst of the business association predicted that the nitric acid market demand was not good and the weak operation was dominant.

1、 Price trend of lithium carbonate:

(Figure: P value curve of lithium carbonate product)

2、 Market analysis:

Product: according to the price monitoring of the business agency, the market of lithium carbonate is in a weak position in the near future. Power terminal consumption recovered slowly, demand was lower than expected, manufacturers’ shipment was under pressure, downstream bargaining power was strong, and the focus of lithium carbonate market negotiation was lowered. As of April 14, the average price of industrial grade lithium carbonate in East China was 43000 yuan / ton, down 1.38% compared with April 1 and 37.5% compared with the same period last year. On April 14, the average price of battery grade lithium carbonate in East China was 48000 yuan / ton, down 3.61% compared with April 1 and 39.55% compared with the same period last year.

On April 13, the lithium carbonate commodity index was 109.55, down 1.53 points from yesterday, down 72.96% from 405.10 (2018-01-07), and up 11.17% from 98.54, the lowest point on October 16, 2014. (Note: cycle refers to 2011-09-01 to now)

Industry: according to the price monitoring of the business agency, on April 13, 2020, in the list of commodity prices, there are 26 kinds of commodities in the chemical sector, including 9 kinds of commodities with an increase rate of more than 5%, accounting for 10.3% of the number of commodities monitored in the sector; the top three commodities are propylene (58.56%), acetone (27.27%) and propane (24.94%). There are 13 kinds of commodities falling on a month on month basis, with 2 kinds of commodities falling by more than 5%, accounting for 2.3% of the number of commodities monitored in the sector; the top 3 products falling are butadiene (- 8.62%), hydrogen peroxide (- 6.64%), and R22 (- 2.80%). This day, the average rise and fall was 2.13%.

3、 Future forecast:

According to analysts of lithium carbonate of business association, the current downstream demand is weak, and the supply and demand situation of the market is still not significantly improved. It is expected that in the short term, the lithium carbonate market will be dominated by weak consolidation and operation, and more attention should be paid to the cost and the operating rate of production enterprises.

1、 Price trend

According to the monitoring of bulk data of business association, this week’s domestic acetic acid market first suppressed and then rose, with an overall decline of 1.59% in the week. At present, the quotation in Henan is about 1850 yuan / ton; in Shandong, about 2000-2100 yuan / ton; in Hebei, about 2100 yuan / ton; in Shaanxi, about 1750 yuan / ton; in Jiangsu, about 2000-2100 yuan / ton; in Zhejiang, about 2100-2200 yuan / ton About 2100-2200 yuan / ton for delivery in South China.

2、 Cause analysis

Products: due to the stable start-up of domestic acetic acid enterprises and sufficient market supply, many enterprises bid for shipment, and the price of acetic acid continued to fall. With the introduction of overhaul and repair plans of Thorpe, Celanese, Yankuang and other large factories, the rise of crude oil price led to the recovery of acetic acid raw material methanol. In addition, traders and downstream users copied the bottom, the price of acetic acid rose slightly, but the actual demand still rose Slightly inadequate.

Industry chain: in the upstream, the domestic methanol market has a good delivery situation, a small storage pressure, and some enterprises have a good mentality. At present, it is about 1725 yuan / ton; the domestic acetate, vinyl acetate and other industries are still under construction, and the demand for acetic acid is just lower than that of the previous years. As the price of acetic acid bottoms, some enterprises start to copy the bottom, and the market negotiation is gradually active; the weekly ratio of PTA market is higher Up 4.75%, driven by the strong crude oil, the raw material market price rose, forming a good support for the polyester filament market.

International: affected by global health events, the price of international acetic acid continues to decline. At present, the price of acetic acid Market in North America is about 430 US dollars / ton; that in Asia is about 250-320 US dollars / ton; that in Europe is about 570 euros / ton.

3、 Future forecast

According to the acetic acid analyst of the business association, there is not enough space for raw material methanol to go up, and the cost of acetic acid is generally supported. Although the acetic acid market has become active in recent years by bargain hunting, there is still no substantial improvement in the demand side. In addition, the enterprise inventory is high, and it is expected that it will continue to operate in a weak position in the short term. With the introduction of maintenance plans by large factories in East China, North China and other places, the spot supply of acetic acid will appear in May Tightening, acetic acid prices may be improved, the future market still need to pay attention to enterprise inventory.

According to statistics, the price trend of ammonium nitrate in China fell slightly this week. As of the end of the week, the market price of ammonium nitrate in China was 2300 yuan / ton, down 0.43% from 2310 yuan / ton at the beginning of the week, up 13.11% year on year. On April 9, the ammonium nitrate commodity index was 121.05, unchanged from yesterday, 3.36% lower than the highest point in the cycle, 125.26 (2020-03-15), and 56.46% higher than the lowest point, 77.37, on October 31, 2016. (Note: cycle refers to 2013-02-01 to now).

This week, the price trend of domestic ammonium nitrate Market is slightly lower. The operation of domestic ammonium nitrate manufacturers’ devices is normal. The supply of ammonium nitrate in the field is normal, and the price of manufacturers is slightly lower. In the near future, the supply of goods in the field is normal, and the transportation has been alleviated. The price trend of ammonium nitrate Market is slightly lower. In the near future, the market of ammonium nitrate manufacturers is general, the downstream is purchased on demand, the domestic ammonium nitrate manufacturers are limited to start work, and the market price of ammonium nitrate remains high. Up to now, the mainstream of negotiation in Shaanxi is 2100-2300 yuan / ton, that in Shandong is 2000-2300 yuan / ton, and that in Hebei is 2200-2600 yuan / ton.

The price trend of concentrated nitric acid in China fell this week, with the weekend price of 1550 yuan / ton and this week’s price trend of 3.08%. Jiangsu Hongze Yinzhu Chemical Co., Ltd. offers 1500 yuan / ton; Anhui Jinhe offers 1500 yuan / ton; Shandong helitai offers 1750 yuan / ton. Anhui Aodeli offers 1500 yuan / ton; Wenshui County synthetic chemical offers 1630 yuan / ton. In the near future, the operation of domestic maintenance devices is normal, the supply of concentrated nitric acid market is normal, and the on-site delivery situation is poor. The price trend of nitric acid market has declined by 50-100 yuan / ton. The decline of nitric acid price is the negative impact of ammonium nitrate Market, and the market price of ammonium nitrate has declined slightly.

The price trend of upstream liquid ammonia this week is temporarily stable, and the price of domestic liquid ammonia market fluctuates. According to the monitoring of the business agency, the market of domestic liquid ammonia maintains a high level, and it has rebounded since March. According to the statistics of the business agency, the market price of domestic liquid ammonia on the 10th was 3200-3300 yuan / ton. The overall price of upstream liquid ammonia market is at a high level, and the price trend of ammonium nitrate Market is slightly down.

In the near future, the downstream demand is limited, but the market price of raw materials is slightly lower. For the ammonium nitrate Market, it has lost certain cost support. The ammonium nitrate analyst of the business association thinks that the market price of ammonium nitrate may be slightly lower in the later stage.

1、 Price trend

According to the price monitoring of business agency, the average ex factory price of sulfur market in East China on March 31 was 626.67 yuan / ton, up 12.57% in the month compared with 556.67 yuan / ton at the beginning of the month, down 45.98% year-on-year.

2、 Market analysis

Product: the domestic sulfur market in March is strong. In the early stage, with the successive resumption of downstream factories and the improvement of road transportation, major production units in various regions have increased performance to varying degrees. With the start of fertilizer spring ploughing, the relevant downstream enterprises of sulfur industry have resumed work one after another, and the operating rate of downstream mainstream varieties monoammonium phosphate and diammonium phosphate enterprises has increased, effectively boosting the overall confidence of the market, and the downstream resumption of production has led to the improvement of sulfur demand. However, from the perspective of supply and demand performance, there is a lack of substantive information guidance in the site, high port inventory, downstream sulfur Procurement Based on demand, low price of purchase intention in the market, no low price shipping intention of the buyer and seller for the moment, strong wait-and-see mood in the negotiations between the buyer and the seller, insufficient follow-up in the downstream, and poor performance in the sulfur market. It is expected that the sulfur market will be sorted and operated later. At present, the quotation of solid sulfur is 580-680 yuan / ton in East China, 510-630 yuan / ton for liquid sulfur; 530-570 yuan / ton for solid sulfur and 400-450 yuan / ton for liquid sulfur in North China; 630-650 yuan / ton for solid sulfur and 410-460 yuan / ton for liquid sulfur in Shandong.

Industry chain: domestic market of downstream sulfuric acid continues to be weak, market differentiation is obvious, delivery and investment tend to be light operation, sulfuric acid enterprises send more early orders, short-term start-up is insufficient, supply is slightly tight, inventory in other regions is more pressure operation, continue to paste shipment. Now India has announced a comprehensive closure of the city, the export of sulfuric acid is limited, and the contradiction between domestic supply and demand is still prominent. At present, the favorable factors of the acid market are limited. Under the contradiction between supply and demand, the rise of acid price is still weak.

3、 Future forecast

According to the sulfur analysts of the business association, the sulfur market has a stalemate performance, limited downstream demand, insufficient follow-up, slow consumption of high port inventory, weak downstream market entry procurement, strong wait-and-see intention of the operators, lack of substantive information guidance on domestic supply and demand, and cold trading in the sulfur market. At present, there are many unstable factors in the market. The buyer and the seller have different predictions on the future market. It is expected that the short-term market or weak stability will be sorted out. The later trend still depends on the factory’s follow-up and export trend.

1、 Price trend

According to the data monitoring of business association, as of April 1, based on the quotation of several sample enterprises, at present, the average ex factory price of domestic butanone market is around 6066 yuan / ton, which is nearly 2000 yuan / ton lower than that at the beginning of the month (around 7900 yuan / ton on March 1), with a drop of 26%.

2、 Market analysis

Products: at the beginning of March, the butanone market as a whole gradually recovered, the operating rate increased, the logistics and automobile transportation gradually opened, the butanone refinery in Europe shut down, the domestic butanone export volume increased, the early market inventory was digested, the overall trend of the butanone market at the beginning of the month was relatively strong, and the inventory pressure was low. In the next few days, affected by the decline of international crude oil, the wait-and-see mood of the industry increased, the purchase volume of butanone was very small, and the situation of supply exceeding demand gradually formed, and the offer of butanone market began to loosen and fall. In the middle and last ten days of March, due to the resumption of foreign production of European butanone plants and the impact of international public events, the export volume of butanone was relatively reduced, the market inventory was accumulated, and the quotation of the manufacturer was lowered again. Therefore, looking at the weakness of the market in March, the market price has dropped from the high of 9000 yuan / ton after the start of the year to the current average price of 6000 yuan / ton in the reference market, and the low-end quotation of the market has even dropped below 5% 500 yuan / ton. At present, the butanone market in South China has been declining continuously, with the main offer of 5700-5900 yuan / ton and the low-end offer of 5500 yuan / ton; the butanone market in North China has continued to decline, with the main offer of 5900-6100 yuan / ton; the main offer of 5900-6200 yuan / ton has declined significantly in East China.

Industrial chain: in March, affected by the decline of international crude oil, the civil market of liquefied gas fell continuously. On March 31, the reference price of liquefied gas was 2706.67, down 26.85% compared with March 1 (3700.00). From the end of March, the market decline was obvious. On March 15, the average price of domestic liquefied gas market was 3466.67 yuan / ton, and on March 19, the average price was 2750 yuan / ton. On March 19, the daily decline was as high as 10.33%, and the weekly price drop was 20.67%. In the last ten days of March, the continuous rise of international crude oil supported the liquefied gas market. Shandong civil gas rose on the whole on the 24th, but at present, the terminal consumption capacity is still weak, the market lacks substantial advantages, and the downstream mentality is still cautious. At present, the mainstream price of liquefied gas market in Shandong is about 2500-2850 yuan / ton; the mainstream price of liquefied gas market in North China is about 2700-2750 yuan / ton; the mainstream price of liquefied gas market in East China is about 2450 yuan / ton.

3、 Future forecast

According to the analysis of the data division of the business club, although the butanone market is affected by multiple factors such as exports and crude oil, the main influencing factors are still the demand is difficult to follow up. It is expected that the butanone market will remain depressed for some time before the market demand is fully opened.

According to the price monitoring of the business agency, the market of polyester filament is pessimistic, and the price of domestic polyester filament falls continuously this month. At present, polyester poy150d / 48F, polyester dty150d / 48F, polyester dty150d / 48F and polyester fdy150d / 96F are reported to be 4850-5000 yuan / ton, 6550-7300 yuan / ton and 5100-5450 yuan / ton respectively. The decline of polyester filament products continues to expand, especially the decline of FDY and POY is close to 30%, and the profit has also fallen into the dilemma of loss.

Average market price of polyester filament in March, unit: yuan / ton

Product: March 1, 2020 March 31, 2020 up and down year on year

Polyester POY (150D / 48F) 6884 4894 – 28.62% – 45.65%

Polyester FDY (150D / 96F) 7465 5270 – 29.4% – 45.06%

Polyester DTY (150D / 48F low elastic) 8718 7018 – 19.5% – 33.43%

The international crude oil price has bottomed out again, and the domestic PTA spot market price has continued to plummet, with a record low. As of March 30, the average spot market price was 3188 yuan / ton, down 24.89 yuan / ton compared with the beginning of the month, down 52.11% year on year. In terms of the plant, the current PTA starting load is about 76%, down 6% from the beginning of the month. In the middle of March, some PTA plants will be overhauled in a centralized manner for about two weeks. From the end of March to the beginning of April, the maintenance of the plant will be completed, and the load is expected to be greatly increased. At the same time, the demand is blocked, and the current PTA social inventory is still higher than 3 million tons. It is estimated that the PTA inventory rate will reach a new high in April.

Recent domestic PTA plant changes

Production enterprise’s unit capacity (10000 tons / year) operation trend of the unit

Huabin Petrochemical 140 entered maintenance on January 27, and it is planned to restart at the end of the month

Hanbang Petrochemical Co., Ltd. entered into maintenance on February 3, and planned to restart at the end of the month

Dushan energy 220 will be shut down for maintenance on March 15, with a planned maintenance period of 2 weeks

Pengwei Petrochemical reduced its load to 70% on February 10, recovered to 90%, and stopped at night on March 9

Hengli Dalian 220 has been shut down for maintenance since March 12, and is in the process of heating up and restarting

Fuhaichuang 450 stopped for maintenance on March 12, and planned to restart at the end of the month

Zhuhai BP 125 was shut down for maintenance on March 15 and heated up near March 28

Jialong Petrochemical stopped for maintenance on August 2, 60, and the restart time is to be determined

The demand in the downstream textile end market is worrying. There are few orders received by domestic factories after the year. There are still worries. The enthusiasm for purchasing is weak. The production and sales of manufacturers are difficult to be leveled, and the inventory keeps rising. At present, the stock of grey fabric of weaving enterprises in Jiangsu and Zhejiang area has risen to 40-41 days, and it is difficult for some manufacturers to go to the stock. In terms of export, according to the statistics of the customs, from January to February 2020, China’s export of textile yarn, fabrics and products reached 13.772.5 billion US dollars, down 19.9% year on year, and the export of clothing and accessories reached 16.062.3 billion US dollars, down 20.0% year on year. At present, some foreign trade orders have been cancelled, stopped shipping and other phenomena have increased gradually, and the situation of price reduction has occurred frequently, and the profit space has shrunk significantly. Due to the rising stock and capital pressure of textile enterprises, the comprehensive start-up of Jiangsu and Zhejiang looms has dropped to around 61%. It is expected that the enthusiasm for start-up will decline in the second quarter, and the loom start-up rate may continue to decline.

Xia Ting, a business analyst, believes that the upstream crude oil fell sharply, PTA supply and demand were unbalanced, and the cost continued to collapse. The downstream weaving market has been scarred, the inventory has been rising, and the order reduction inventory has increased. Many weaving enterprises decided to implement the operation of holiday and production reduction in the peak season of the “golden three silver four”, and the market entered the off-season ahead of time. Polyester filament price center of gravity all the way down, the factory continues to promote preferential sales, it is expected that April will continue to weaken more likely.

1、 Price trend

According to the data monitored by the business agency, on March 31, the domestic carbon black quotation was 7033 yuan / ton, with a slight fluctuation in the price range of 100-300 yuan / ton. This month’s carbon black market mainly fluctuated.

In 2019, the price fluctuation is not big and the market will not rise or fall. After the Spring Festival in 2020, the downstream demand is weak, and the current price is stable and volatile.

2、 Market analysis

Industrial chain:

From the perspective of raw materials, from the middle of October last year, the coal tar market showed a downward trend, and the price reached a low point within the year. There was a slight increase at the end of November, but not a big increase. As of the end of November, the price is still lower than the end of last month. In the later stage, although the coal tar market is in short supply at this stage, it is expected that the price increase of coal tar in December will be limited and the market price of carbon black will not be adequately supported due to the fact that the downstream carbon black and coal asphalt are difficult to change the weak situation.

From the point of view of demand, in December last year, the start-up of tires was mainly stable. Up to now, the start-up rate of tire factories has dropped to about 50%, new orders are limited, and the demand for carbon black is still weak.

3、 Future forecast

According to the carbon black data division of the chemical branch of business society, the carbon black downturn has not fundamentally improved.

1、 Price trend

The antimony commodity index on March 29 was 53.07, unchanged from yesterday, 48.13% lower than the highest point in the cycle 102.32 (2012-10-16), and 12.96% higher than the lowest point 46.98 on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

2、 Market analysis

Upstream and downstream: the price of antimony oxide fell on Wednesday. As of Friday, 99.5% was 34500 yuan / ton, 99.8% was 36000 yuan / ton, 1000-2000 yuan / ton lower than last week.

Domestic market: this week’s antimony ingot market continued to decline. Affected by international events, the export of antimony products has been dragged down. Domestic demand has been suspended. Major domestic manufacturers have plans to reduce production. Under the double influence of demand and export, the price of antimony products has declined. As of Friday, the price of 2 × low bismuth antimony ingots was 36500 yuan / ton, 1 × high bismuth antimony ingots was 37000 yuan / ton, 0 × high bismuth antimony ingots was 38000 yuan / ton, and the average price of 2 × high bismuth antimony ingots was 34000 yuan / ton Down 1500-2000 yuan / ton.

Industry: this week, the basic metals are in a state of recovery and stabilization. The main reason is that the Federal Reserve announced unlimited quantitative easing policy, and the major central banks around the world have followed the policy of continuous interest rate reduction and easing. After the G20 meeting, the stimulus policy of introducing more than 5 trillion US dollars into the world was announced. The market gained confidence and left the market short in the week, which made the basic metals recovery.

According to the price monitoring of the business association, in the 12th week of 2020 (3.23-3.27), there are 8 kinds of commodities in the list of commodity prices rising and falling, among which there are 3 kinds of commodities with an increase of more than 5%, accounting for 13.6% of the monitored commodities in the sector; the top 3 commodities are silver (15.02%), gold (7.72%) and copper (6.48%). There are 13 kinds of commodities falling on a month on month basis, and the top three products are antimony (- 4.98%), silicon metal (- 3.51%) and titanium concentrate (- 3.17%). This week’s average was 0.82%.

3、 Future prospects

Next week will enter April, the domestic situation has been further controlled, local governments and central banks continue to offer various stimulus policies to help enterprises to start a good recovery of life and production order, the market is expected to warm up consumption in April, but the overseas market is still relatively serious, the market risk is dependent, the domestic resistance is still stronger than the external market, and the ratio of some products will continue to be repaired.

1、 Market Overview

According to statistics, the price trend of fluorite market in China fell slightly this week. The weekend price was 3355.56 yuan / ton, 1.31% lower than the price of 3400 yuan / ton at the beginning of the week, 13.57% higher than the same period last year. Recently, the price of fluorite fell slightly.

2、 Market analysis

Product: the price trend of fluorite in China fell this week. As of the 27th day, the average price of fluorite in China was 3355.56 yuan / ton. Recently, the operation rate of fluorite plant in China has increased. The on-site mine and flotation plant have been resumed gradually, and the supply of fluorite in the field has increased. Due to the increase of on-site supply, the price of fluorite has fallen slightly. In addition, the price trend of downstream hydrofluoric acid is temporarily stable. For the on-demand purchase of fluorite market, fluorite Generally speaking, the price trend of fluorite market fell. In the near future, the downstream units are under normal operation, the spot supply of fluorite in the site is sufficient, and the downstream of the terminal is purchased on demand, resulting in a low market price. As of the 26th, the price of 97 fluorite wet powder in Inner Mongolia was 3000-3200 yuan / ton, that of 97 fluorite wet powder in Fujian was 3100-3300 yuan / ton, that of 97 fluorite wet powder in Henan was 3200-3400 yuan / ton, and that of 97 fluorite wet powder in Jiangxi was 3200-3400 yuan / ton.

Industry chain: the market price trend of hydrofluoric acid in the downstream of fluorite this week is temporarily stable. As of the end of the week, the ex factory price of hydrofluoric acid is 11500 yuan / ton. The price trend of hydrofluoric acid this week is flat, the price trend of hydrofluoric acid in the downstream is stable, and the price of fluorite is slightly lower. In the near future, the trading trend of downstream refrigerant market of the terminal is stable. At present, the automobile industry starts normally, the domestic R22 supply is stable, the domestic refrigerant R22 market price trend is stable, the starting load of the manufacturer’s production device is still not high, the supply of goods in the market is general, the downstream air conditioning manufacturer starts gradually, and the demand changes little. The price mainstream of domestic large enterprises is 16500-18500 yuan / ton water Ping. The price trend of R134a market in China is temporarily stable, and the unit operation rate of production enterprises remains low. At present, the downstream construction is not high, and the demand for R134a is general. At present, the supply of R134a in the market is normal, and the price remains stable, while the downstream purchase is still on demand. The price trend of hydrofluoric acid market is stable, and the downstream market trend is stable, but the supply of fluorite increases, and the price of fluorite market drops due to the increase of supply.

Industry: this week, the unit operating rate of fluorite industry increased slightly, the price trend of hydrofluoric acid fluctuated, the spot supply of products in fluorite market was sufficient, and the price trend of fluorite market fell.

3、 Future forecast

On the whole, the market trend of downstream refrigerant industry is stable temporarily, the supply of fluorite is increasing, and the price trend of hydrofluoric acid market is declining in the near future. Chen Ling, an analyst of business agency, thinks that the market price of fluorite may fall slightly.