1、 Price trend

According to the data of business agency, as of March 19, the average price of n-butanol was 4867 yuan / ton (including tax). Compared with the previous day (5003 yuan / ton on March 18), the current reference average price fell by 136 yuan / ton, or 2.7%. Compared with a week ago (reference price 5283 yuan / ton on March 12), it dropped 416 yuan / ton, or 7.89%; compared with the beginning of this month (reference price 5467 yuan / ton on March 1), it dropped 600 yuan / ton, or 10.98%.

2、 Market analysis

Product: since January 2020, the market of n-butanol has been sluggish, falling all the way from a high of 6000 yuan / ton in January. The current average ex factory reference price in the market has fallen below the 5000 yuan / ton mark, and the drop has broken 1000 yuan / ton compared with January. This week, the domestic n-butanol market was in a weak position, with a low focus and a general market turnover. It was heard that the purchase price of downstream real orders was slightly lower. Raw material users are mainly digesting inventory. Affected by the sharp drop in crude oil, the mentality of the industry is frustrated. The downstream purchasing of raw materials is further slowed down. They are mainly waiting and careful replenishment. On September 19, affected by the further decline of upstream raw material propylene, the cost of n-butanol was under heavy pressure and the price dropped significantly. At present, the average ex factory price of n-butanol in South China is around 5200 yuan / ton. The ex factory price of n-butanol in North China of Wanhua Chemical Co., Ltd. is 5000 yuan / ton, with a weekly drop of 200 yuan / ton, with a drop of 300 yuan / ton compared with last week. The ex factory price of n-butanol in Luxi Chemical Co., Ltd With reference to 5000 yuan / ton, the weekly price drop is 100 yuan / ton, 200 yuan / ton lower than last week; with reference to 4600 yuan / ton, the weekly price drop is 200 yuan / ton, 300 yuan / ton lower than last week.

Industrial chain: on March 18, the market price of propylene in Shandong still fell. In March, the price of propylene in Shandong began to decline. On the first day, the price of some enterprises picked up slightly. On the second day, the price of the whole line rose slightly. On the third day and the fourth day, the price of most enterprises generally rose. On the fifth day, the price of some enterprises increased by about 50-100 yuan / ton. On the sixth day, the price of enterprises fluctuated up and down, but the range was small. On the tenth day, the price generally fell by 50-100 yuan / ton. On the eleventh day, the price slightly fell by 50 yuan / ton. On the twelfth day, the price of some enterprises rose slightly There was a slight decline of 50-100 yuan / ton, and the price fell by 200-300 yuan / ton on the 13th. On the 16th, the price was stable, and on the 17th and 18th, the price dropped continuously. At present, the market turnover is 5750-6300 yuan / ton, and the mainstream price is 5750-5800 yuan / ton. Influenced by OPEC meeting and various international economic policies, international crude oil rose and fell sharply; prices fell again on the 16th and slightly on the 17th. Due to the low production and inventory before propylene, the decline in the early stage is not significant, and the follow-up trend in the later stage is also obvious. It is expected that the price of propylene in the later stage will be affected by crude oil, or there will be a short-term stable market.

3、 Future forecast

According to analysts of n-butanol of business club, affected by the cost of n-butanol, it is expected that the decline of n-butanol market will be suspended in recent days, and the specific market needs to pay more attention to the trend of upstream raw materials and the relationship between downstream supply and demand.

1、 Price trend

According to the price monitoring of the business agency, the ex factory price of urea in Shandong fell slightly this week. The quotation dropped from 1793.33 yuan / ton at the beginning of the week to 1780.00 yuan / ton at the end of the week, a decrease of 0.74%, 8.95% compared with the same period last year. Overall, the urea market fell slightly this week, with the urea commodity index at 82.79 on March 20.

2、 Market analysis

Product: the main urea factory price in Shandong fell slightly this week. The quotation of Yangmei plain urea this week is 1760 yuan / ton, which is temporarily stable; Shandong Ruixing urea this weekend is 1750 yuan / ton, which is 40 yuan / ton lower than that at the beginning of the week; Mingshui chemical urea this week is 1830 yuan / ton, which is temporarily stable compared with that at the beginning of the week.

Market demand: the current domestic market is mainly volatile. Lower agricultural demand, lower industrial procurement cautious. In terms of supply: at present, the start-up of urea enterprises continues to rise, and the overall supply has risen, while the logistics and transportation are normal, and the inventory pressure has eased, but the enthusiasm of downstream manufacturers is relatively low. The short-term urea market is expected to fluctuate slightly.

Industry chain: the upstream products in the whole look down this week: the price of natural gas is slightly down, with the price down 0.63% from 3193.33 yuan / ton at the beginning of the week to 3173.33 yuan / ton at the end of the week, down 20.00% compared with the same period last year; the price of liquid ammonia is slightly down this week, with the price down 0.51% from 3266.67 yuan / ton at the beginning of the week to 3250.00 yuan / ton at the end of the week, down 4.22% compared with the same period last year, Overall, urea cost support this week was weak. The price of melamine in the downstream of urea fell slightly this week, from 5500.00 yuan / ton at the beginning of the week to 5433.33 yuan / ton at the end of the week, down 1.21%. The general purchasing capacity in the downstream had a negative impact on the price of urea. In the aspect of the downstream rubber plate plant, the enthusiasm for urea procurement is also weak.

3、 Future forecast

In late March, the urea market in Shandong Province was mainly volatile. Urea analysts of business association think that at present, agricultural demand is weak, and the downstream industry is less active in urea procurement. At present, the domestic market is not relatively good, and the short-term urea market is expected to decline slightly.

1、 Price data:

According to the data monitoring of the business club’s bulk list, this week the domestic bromine market is still in a weak and stable operation, and the average price of bromine remains around 30000 yuan / ton, down 14.29% from the same period last year.

2、 Cause analysis

Products: the domestic bromine market has not recovered this week. The spot supply in the market is tight, the inventory of enterprises is exhausted, the demand in the downstream market is poor, the inquiry of traders is weak, and the overall supply and demand in the industry are weak. At present, the quotation of mainstream Enterprises is about 29000-30000 yuan / ton.

Industry chain: the upstream market of bromine in China is up and down in different ways this week, including sulfur rising by 1.03%, at present about 653 yuan / ton; sulfuric acid running steadily within the week, at present 323 yuan / ton left; caustic soda falling by 3.93%, at present about 550 yuan / ton; soda ash running steadily, about 1583 yuan / ton before the year. The market performance of the main downstream flame retardants of bromine is relatively light. In the recovery of pharmaceutical and agricultural intermediates and other industries, the overall rigid demand is weak, the supply and demand are weak, and the support for bromine price is insufficient.

3、 Future forecast

According to the bromine industry analysts of business association, the supply and demand of bromine market in China are weak at present. With the gradual recovery of downstream market, the supply of market goods will be difficult. It is expected to maintain a weak and stable operation in the short term, and the price will gradually rise in the later period.

1、 Price trend

In the second week of March, the market trend of PA66 in China was weak and the price was adjusted downward, according to the data in the bulk list of business agencies. As of Friday, March 13, the average price of the mainstream offer of PA66 is about 22250.00 yuan / ton, 1.11% lower than the price level at the beginning of the month.

Analysis of influencing factors:

The domestic market of adipic acid in the upper reaches of PA66 is still weak in the near future. Compared with that at the beginning of the month, the price of dealers continues to decline. At present, the dealers are gradually entering the market, but they have not reached the status of years ago. The transportation situation in the market has improved significantly, but the delivery situation is not ideal due to the weak downstream demand, and the inventory is difficult to digest. There are still places where the resumption time is delayed. At present, the manufacturer’s operating rate remains stable, slightly higher than last week. Therefore, the manufacturer’s inventory pressure has an upward trend, and the market shows whether there is a price or not. At present, under the negative situation of the sharp diving of the whole chemical cost end, adipic acid should maintain a weak position in the near future; in the near future, the atmosphere of domestic PA66 market remains cold and the market is relatively weak. In terms of supply, the logistics resistance has been gradually eased, and there are sufficient on-site goods. Downstream plants have low starting load and weak demand. Participants have insufficient confidence in the future market, and most of the on-site trading is just needed, with few large-scale stock up.

Future forecast:

Business analysts believe that: in the second week of March, the domestic PA66 market continued to adjust its weak position. The upstream adipic acid manufacturer dealers still need to improve the level of resumption of work, the spot price continues to fall, and the cost side of PA66 is not well supported. The downstream factories have a low rate of return to work, and they just need to prepare goods, so the demand is very limited. The market atmosphere is oversupplied, and the mentality of the industry is hit. In the near future, the bad news of crude oil and chemical industry keeps on, so PA66 aftermarket is afraid to suffer from it. PA66 market is expected to decline in the short term.

1、 Price trend

According to the data monitored by the business agency, the price of domestic industrial grade first-class potassium nitrate this week was 4350.00 yuan / ton, which was stable. The current price fell 2.79% year on year.

2、 Market analysis

Products: the domestic potassium nitrate Market is stable this week. At present, potassium nitrate enterprises have basically resumed work, including Wenshui Zhenxing chemical fertilizer Co., Ltd., Wentong potash Group Co., Ltd., Wenshui Zhenxing chemical fertilizer Co., Ltd., Jiaocheng County Hesheng Chemical Co., Ltd., and Shanxi Jiaocheng Star Chemical Co., Ltd. The light potassium carbonate production line of Taiyuan xinyufeng chemical plant has not been started yet; the potassium nitrate has been resumed. The transaction of new orders of potassium chloride in the upstream has weakened, most of the orders in the early stage are being shipped one after another, the port’s saleable volume is still decreasing, the price remains stable, the whole potash fertilizer market is also dominated by consolidation, the trading atmosphere of potassium nitrate Market is light, the downstream maintains just need to purchase, and the potassium nitrate Market is stable. This week, the main domestic manufacturers of potassium nitrate offered 4200-4500 yuan / ton.

3、 Future forecast

Potassium nitrate analysts of the business association think: this week, the market of potassium nitrate is stable, the domestic market of potassium fertilizer is relatively stable, and the upstream market of potassium chloride is also stable after rising. It is expected that the market of potassium nitrate will be consolidated in the short term.

Domestic price trend:

According to statistics, in February, the trend of domestic p-xylene ex factory price declined. At the beginning of the month, the domestic price was 6700 yuan / ton. At the end of the month, the domestic PX market price was 6300 yuan / ton. The price trend declined by 8.70%, 30% year-on-year. The external price of PX fell. The domestic PX market was highly dependent on the external market. The external price decline was the negative impact of domestic price.

In recent years, the market price trend of p-xylene in China has declined. The domestic PX operation rate is about 70%. The 600000 ton new unit of Sinochem Hongrun Petrochemical Co., Ltd. has been put into operation. The operation of Yangzi Petrochemical plant is stable. The first line of Fuhai Chuang plant has been started. The operation of Pengzhou petrochemical plant is stable. The operation of Yangzi Petrochemical PX plant is normal. The operation of Jinling Petrochemical plant is stable. The operation of Qingdao Lidong plant is full load. Qilu Petrochemical plant is in full load operation The operation of the unit is stable, with the start-up of Urumqi petrochemical plant at about 50%, the operation of Hengli petrochemical plant is normal, the domestic supply of p-xylene is normal, and the domestic market price is significantly lower. Affected by the decline of international crude oil price, the external price of PX fell in February. As of the 27th, the closing price in Asia was 686-688 US dollars / ton FOB South Korea and 706-708 US dollars / ton CFR China. Recently, several PX units in Asia are still under maintenance. As a whole, the operating rate of PX units in Asia is about 70%. The supply of PX goods in Asia is normal. The closing price of PX external market is sliding Domestic market, domestic market price of p-xylene fell.

Affected by the epidemic, transportation was limited to some extent. In February, the closing price of international crude oil fell sharply. As of the 27th, the price of WTI crude oil futures market in the United States continued to fall. The main contract was 47.09 yuan / barrel, and the price of Brent crude oil futures market continued to fall sharply. The main contract was 51.73 US dollars / barrel. The closing price of crude oil fell sharply, and the downstream petrochemical products lost With certain cost support, the domestic market price trend of p-xylene fell.

In February, the price trend of PTA Market in the downstream fell sharply. As of 28, the price of PTA Market in East China was about 4300-4400 yuan, down 10.15% in February. In this public health emergency, the terminal weaving enterprises were the most affected in PTA industry chain, and when the downstream production could be resumed became the most worried topic in the market. Although many enterprises are planning to return to work after the middle of February, due to the upgrading of the local government’s protective measures against the epidemic, as well as the traffic control and isolation period of workers returning from other places, up to now, the comprehensive start-up rate of chemical fiber weaving in Jiangsu and Zhejiang is only 38%. In the past years, weaving enterprises can enter into normal production status in 2-3 weeks after the Spring Festival, but under the influence of the epidemic this year, weaving factories can recover gradually as early as the beginning of March, demand lags for at least one month, downstream demand is poor, and upstream market price of p-xylene is low.

Chen Ling, an PX analyst at the business agency, believes that in the near future, the trend of crude oil price has declined, and the price of PTA Market in the downstream has fallen, so the methyl ester terminal market has not improved significantly, and it is expected that the market price of p-xylene in the later stage will continue to decline.

1、 Price trend

According to the monitoring data of business agency, as of February 28, the average price of domestic ethanol market was 5720 yuan / ton, 3.62% higher than that of the same period last month, and 6.58% higher than that of the same period last year. The domestic ethanol market is weak.

2、 Market analysis

Product: this week, the domestic alcohol market is mainly weak. Under the psychological support of buying up and not buying down in the lower reaches of Henan Province, the wait-and-see mood is relatively high. Some enterprises shut down their equipment, and their quotations drop again and again. The alcohol market in Shandong Province drops, and the demand in the lower reaches is weak. Under the influence of the continuous price reduction in Henan Province, the price in East China continues to drop, and the logistics is gradually relaxed, and the freight rate begins to fall. The corn ethanol quotation in northeast Jilin Province The stock of some enterprises increased. It is heard that a production enterprise in Heilongjiang has shut down its equipment, and its downstream demand is weak, and its inventory has increased; there are many sources of goods in South China at present, and the inventory alcohol has expanded and consumed for a period of time, while the downstream 95 alcohol demand has decreased significantly, the other downstream demand is weak, the supply and demand contradiction is severe and unbalanced, and the short-term market price continues to fall.

Industry chain: corn: the market of corn has basically liberalized traffic control in an all-round way, and the purchase and sale have become active. The spot price is basically stable, and some areas are weak. The number of vehicles arriving at ports in the North increased, with Jinzhou Port nearly 10000 tons. The average daily shipment of domestic corn and foreign corn in southern port is 22000 tons and 5000 tons respectively. The shipping schedule shows that the arrival of goods is expected to increase before the end of the month, the cost has certain support for the current port price, and the low demand restricts the overall price stabilization. North China has ushered in the peak period of grain sales, with a significant increase in the supply of goods at the grass-roots level, and it is difficult for corn prices to rise significantly in the short term. In the early morning in Northeast China, deep processing enterprises such as Kailu Yuwang and Suihua Haotian increased by 10 to 40 yuan, the purchase subjects increased the willingness of traders to build warehouses, and corn prices were supported.

Ethyl acetate: the domestic market of ethyl acetate fell this week. Due to the recovery of supply enterprises and devices in East China last week, the spot supply of the market was sufficient, while the overall start-up of the downstream industry was low, resulting in a significant deviation in the situation of oversupply in the market, a double weakness of raw materials acetic acid and ethanol, aggravating the negative situation in the market of ethyl acetate, a negative situation in all aspects of the market and the inventory pressure of suppliers and traders , the ethyl acetate market fell this week. The demand of downstream terminal industry is expected to increase in succession after the middle of March. However, the short-term domestic social inventory of ethyl acetate continues to accumulate. Although the demand has increased in the later period, some ethyl acetate production enterprises also intend to increase the load after March 10. The market supply and demand double increase, and the situation that the market tends to supply more than demand is difficult to ease.

3、 Future forecast

The inventory in Northeast China is relatively high. After the small decline of enterprises this week, the cross regional arbitrage of goods sources in Northeast China will be closed soon after the decline of other regions. The price in Northeast China is likely to decline. The price in East China this week is basically close to the cost line, but the demand in the downstream is not getting better. Under the influence of continuous price reduction in the surrounding areas, there is still a possibility of decline, but it is affected by the cost Under the support, the downward range will not be too large. Although there are middlemen and downstream procurement in Henan, the inventory of enterprises is still not low, which does not rule out the possibility of a small reduction under the positive shipping mentality of enterprises. Business alcohol analysts expect the domestic ethanol market to fall in the short term.

1、 Price trend

According to the price monitoring of the business agency, the selling price of sulfuric acid in Shandong fell slightly this week. The quotation dropped from 323.33 yuan / ton at the beginning of the week to 306.67 yuan / ton at the end of the week, down 2.23%, down 21.37% year on year. Overall, the sulfuric acid market fell slightly this week, with the sulfuric acid commodity index at 47.73 on February 21

2、 Market analysis

（1） Products:

This week, the price of the mainstream sulfuric acid manufacturers in Shandong Province fell slightly, the inventory of manufacturers was small, and the downstream demand was general. The weekend quotation of Heze Jiangyuan is 300 yuan / ton, which is temporarily stable compared with that at the beginning of the week; the weekend quotation of Zouping Tianlu is 170 yuan / ton, which is slightly lower than that at the beginning of the week, which is 20 yuan / ton; the quotation of Jinan Yuanfei is 450 yuan / ton, which is temporarily stable.

（2） Industrial chain:

In recent years, the domestic sulfur market has been in low order consolidation, while the downstream monoammonium market has been in general trading, with light trading and unsatisfactory new orders. The market for diammonium has also been in low order consolidation, with less downstream demand. Sulfuric acid enterprises have more early orders, short-term construction is insufficient, and supply is slightly tight. This week, the domestic sulfuric acid plants operated smoothly, the market supply was relatively tight, the downstream gas buying was general, and the market turnover was limited.

3、 Future forecast

In the first ten days of March, the sulfuric acid Market in Shandong Province was dominated by active low consolidation. The price of sulfur in the upstream is low, and the downstream is in general operation. Under the contradiction of supply and demand, the product trend is downward. According to analysts of business and social sulfuric acid, the short-term market in Shandong is dominated by low consolidation under the influence of supply and demand and raw materials.

1、 Price trend

According to the data in the business club’s bulk list, the domestic toluene market gradually stabilized and rebounded this week, up 0.4% as of Friday.

2、 Analysis and comment

1. Product: affected by the stable rebound of international crude oil price and the continuous rise of toluene price in South Korea market, domestic enterprises have entered the resumption period, the market demand has gradually improved, and the domestic toluene price has gradually stabilized. At present, the mainstream price in East China is about 5250 yuan / ton.

2、 Industrial chain:

Upstream, in terms of crude oil, the international oil price continued to rebound this week. As of Friday, Brent rose 5.71%, Brent futures rose 4.42%, WTI futures rose 2.98%, and Dubai futures rose 3.01%.

In terms of downstream, TDI, the current external market is about US $672 / T fobara, and the quotation of domestic enterprises is about 11000 + yuan / T. affected by the weak demand of downstream, it is expected that the future TDI market will maintain a stable trend of weak market. In terms of PX market, the domestic market price this week is about 6300 yuan / ton, and the latest price in the external market is about 732 US dollars / ton FOB South Korea and 750 US dollars / ton CFR China. It is expected that the PX market price will maintain a stable trend next week.

3、 Future forecast

Toluene analyst of business and chemical branch said: next week, we will continue to focus on the trend of crude oil and the progress of downstream enterprises’ resumption. On the whole, it is expected that the prices of international crude oil market and South Korean toluene market will be subject to shock correction, but under the expectation that domestic enterprises will gradually enter the resumption period and the market demand will gradually improve, the price of toluene in the domestic market will be subject to slight shock next week.

1、 Market Overview

According to statistics, the price trend of domestic fluorite market this week rose slightly. The weekend price was 2922.22 yuan / ton, 0.38% higher than the price of 2911.11 yuan / ton at the beginning of the week, down 15.51% year on year. Recently, fluorite price rose slightly.

2、 Market analysis

Product: this week, the price trend of domestic fluorite slightly increased. Recently, the supply of domestic fluorite is tight. Affected by the epidemic situation, some fluorite manufacturers have not resumed production. The on-site operating rate is not high. In addition, the downstream hydrofluoric acid and refrigerant industries purchase fluorite on demand, and the price of fluorite slightly increased. The market of fluorite on-site has improved, but the price of fluorite is at a high level, fluorite price is at a high level The grid is high. By the end of the week, the price of 97 fluorite wet powder in Inner Mongolia was 2700-3000 yuan / ton, that of 97 fluorite wet powder in Fujian was 2800-3100 yuan / ton, that of 97 fluorite wet powder in Henan was 2800-3100 yuan / ton, and that of 97 fluorite wet powder in Jiangxi was 2800-3100 yuan / ton.

Industry chain: the market price trend of hydrofluoric acid in the downstream of fluorite rose this week. As of the end of the week, the ex factory price of hydrofluoric acid was 10860 yuan / ton, and the price trend of hydrofluoric acid rose 0.56% this week. The rise of the market price of hydrofluoric acid in the downstream is a good factor for fluorite market, and the price trend of domestic fluorite market is temporarily stable. In the near future, the transaction market of downstream refrigerants of the terminal has increased. At present, the automobile industry is gradually back to work. The supply of R22 in China is tight. The price trend of domestic refrigerants R22 market is rising slightly. The starting load of the manufacturer’s production units is still not high. The supply of goods in the market is general. The downstream air-conditioning manufacturers stop more and the demand changes little. The price mainstream of domestic large enterprises rises to 16500-1850 0 yuan / ton. The price trend of domestic R134a market is temporarily stable, and the unit operation rate of production enterprises remains low. At present, the downstream operation is not high, and the demand for R134a is general. However, the supply of R134a in the market is a little tight, and the price remains stable, while the downstream purchase is still on demand, and the price trend of fluorite market slightly increases.

Industry: the unit operating rate of fluorite industry is not high this week, the price trend of hydrofluoric acid is rising, the spot supply of products in fluorite field is tight, and the market price of fluorite is higher.

3、 Future forecast

In the future, there are few domestic fluorite manufacturers to start construction in the near future, and the market price of downstream hydrofluoric acid industry is higher. In addition, the downstream refrigeration industry has not yet started construction. Chen Ling, an analyst of fluorite in the business agency, thinks that the price of fluorite will rise slightly in the later stage, and the price may be around 3000 yuan / ton.