The price of fluorite and hydrofluoric acid in the upper reaches of the river has declined, the production cost of aluminum fluoride has been reduced, and the factory price of aluminum fluoride has been lowered by some aluminum fluoride manufacturers such as Jiaozuo Minli industry. According to the data of business agency, the price of domestic aluminum fluoride was 9066 yuan / ton at the beginning of May, and 8833 yuan / ton at the end of the month, with the price down 2.57%.

Domestic fluorite spot supply increased, but the commodity market was not good, fluorite prices fell sharply, upstream cost price plummeted, which had a certain negative impact on the hydrofluoric acid market, and the hydrofluoric acid market price was greatly affected. Fluorite fell by about 7% and hydrofluoric acid by about 10% in early May. The downstream domestic aluminum consumption performance is relatively stable, the domestic aluminum social inventory continues to move down, and the price slightly rises about 4%, which has little impact on aluminum fluoride.

Analysts of aluminum fluoride industry in the chemical branch of business society think that: the market prices of fluorite and hydrofluoric acid in the upstream fell to a low level, there are signs of bottoming and rebounding, the domestic aluminum consumption situation is stable and positive, and aluminum fluoride price is expected to be stable and positive in June.

1、 Market price trend of POM

Price curve of POM

According to the monitoring of the business agency, the average price of POM (96) in Shandong over the weekend is 4333 yuan / ton, which is temporarily stable.

2、 Market analysis

Products: Shandong aldehyde Chemical Industry Co., Ltd. has an annual output of 30000 tons of polyoxymethylene. The ex factory quotation of Polyoxymethylene (96) is 4200 yuan / ton, the same as last week. Linyi Shengyang Chemical Co., Ltd. has an annual output of 9000 tons of polyoxymethylene, and the ex factory quotation of Polyoxymethylene (96) is 4200 yuan / ton, which is the same as last week. Zibo Qixing Chemical Technology Co., Ltd. has an annual output of 10000 tons of POM, and the ex factory quotation of POM (96) is 4600 yuan / ton, which is the same as last week. Polyoxymethylene is acceptable and the market demand is stable.

Industry chain: upstream methanol situation, general transaction, methanol market continues to decline; according to the price monitoring of the business agency, as of May 19, the domestic methanol market price is 1657 yuan / ton, the price is 6.62% lower than the same period last month, and the price is 27.30% lower than the same period last year.

3、 Future forecast

Polyoxymethylene analysts believe that: affected by the decline of raw methanol, polyoxymethylene continues to be weak and stable.

1、 Price trend

According to the price monitoring of the business agency, the ex factory price of calcium carbide in Northwest China rose slightly this week. This week, the average ex factory price of mainstream carbide manufacturers increased from 2443.33 yuan / ton at the beginning of the week to 2460.00 yuan / ton at the end of the week, up 0.68%, down 9.45% year-on-year from the same period last year. Overall, carbide rose this week, with the carbide commodity index at 64.45 on May 22.

2、 Trend analysis

（1） Products:

The ex factory price of calcium carbide in Northwest China this week slightly increased: the price of this week’s calcium carbide offered by oveganeng is 2500 yuan / ton, which is temporarily stable compared with that at the beginning of the week; the price of this weekend’s calcium carbide offered by Shaanxi coal industry is 2400 yuan / ton, which is 50 yuan / ton higher than that at the beginning of the week; the price of this week’s calcium carbide offered by Inner Mongolia China United is 2330 yuan / ton, which is temporarily stable compared with that at the beginning of the week; the price of this weekend’s calcium carbide offered by Ningxia Xingping is 2550 yuan / ton, Compared with the beginning of the week, the price is up 50 yuan / ton.

This weekend, the actual transaction price of carbide in Northwest China is about 2300-2600 yuan / ton: the mainstream transaction price of carbide in Shaanxi is about 2450 yuan / ton; the mainstream transaction price of carbide in Ningxia is about 2500 yuan / ton; the mainstream transaction price of carbide in Inner Mongolia is about 2300 yuan / ton, and the actual transaction price is mainly negotiated.

（2） Industrial chain:

Upstream raw material Market: the ex factory quotation of Lancan is temporarily stable this week. At present, the quotation of small materials is 500 yuan / ton, that of medium materials is 520 yuan / ton, and that of large materials is about 600 yuan / ton. The price of raw materials in the upstream is low and consolidated, and the cost support is insufficient, which has a negative impact on the price of calcium carbide.

Downstream market: PVC factory price slightly increased this week. PVC price rose from 5830.00 yuan / ton at the beginning of the week to 6025.00 yuan / ton at the end of the week, up 3.34%, down 13.93% year on year. PVC price rose this week, the market began to rise, and the downstream procurement enthusiasm for calcium carbide is also high. Overall, PVC market this week has a positive impact on calcium carbide price.

3、 Future forecast

In late May, the market of calcium carbide fluctuated slightly. The price of raw materials in the upstream is low, and the cost support is not enough. However, PVC market in the downstream is rising, and customers in the downstream are more active in purchasing calcium carbide. The future market forecasts that the price of calcium carbide in the northwest may rise slightly in late May.

According to the price monitoring of the business agency, the domestic polyester filament market rebounded slightly this week, of which the most obvious increase was polyester FDY, with a weekly increase of 5.41%, followed by polyester POY and polyester DTY, with an increase of 3.37% and 2.93% respectively.

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

Product: up and down on May 15, 2020, up and down on May 22, 2020

Polyester FDY (150D / 96F) 6006 6331 5.41% – 22.28%

Polyester POY (150D / 48F) 5334 5514 3.37% – 29.97%

Polyester DTY (150D / 48F low elastic) 7045 7251 2.93% – 24.17%

At present, the price of polyester poy150d / 48F, polyester dty150d / 48F, polyester fdy150d / 96F and polyester fdy150d / 96F in mainstream factories in Jiangsu and Zhejiang are reported as 5400-5600 yuan / ton, 7000-7400 yuan / ton, and 6150-6450 yuan / ton respectively. The trend of cost end is strong, which further increases the market price focus of polyester filament, but the downstream replenishment is weak and cautious, so the increase is not very large.

The crude oil market, supported by the supply contraction exceeding expectations and the demand turning better, shows a pattern of fluctuating and rising prices. At the same time, this week, with 400000 tons of PTA units of Shanghai Jinshan Petrochemical Co., Ltd. and 2.2 million tons of PTA units of Hanbang Petrochemical Co., Ltd. entering into maintenance, the starting load of domestic PTA dropped to 87%. Overlay PTA supplier to buy back the spot again, multiple positive driven by PTA period spot price continued to surge. As of May 22, the average price of domestic PTA spot market was 3560 yuan / ton, up 3.62% from the beginning of the week, down 40.9% year-on-year, but on May 22, the price fell back and adjusted, down 1.99% one day. In terms of inventory, at the beginning of the year, the production capacity was put into production with high start-up rate, and the current social inventory is more than 3.5 million tons. In June, Zhongtai, Yisheng and Yizheng devices have maintenance plans, and the inventory pressure is expected to ease. In terms of processing fee, PTA processing fee has fluctuated between 700-800 yuan / ton since May, which is undoubtedly on the high side in the current stage of overcapacity, mainly due to the weakness of the upstream PX link and the continuous interest yield.

Enterprise name capacity device change

Liwan polyester 70 shut down on April 30, restart to be determined

Hanbang Petrochemical Co., Ltd. reduced maintenance on May 9, 2006

Hanbang Petrochemical Co., Ltd. will stop for maintenance from May 19, with a planned maintenance period of 1-2 weeks

Tianjin Petrochemical Co., Ltd. shut down for maintenance on April 17, and restart to be determined

Pengwei Petrochemical Co., Ltd. stopped at night on March 9 and planned to restart in July

Shanghai Petrochemical Co., Ltd. will stop for maintenance in the morning on May 18, with a planned maintenance period of 28 days

Hainan Yisheng 200 plans to stop for maintenance for 12-15 days on June 5

From the perspective of the downstream textile market, the domestic and foreign trade markets have recovered to a certain extent since May, and the domestic demand has gradually recovered. The orders in the weaving market have slightly improved compared with the previous period, the goods are better than the previous period, the enthusiasm of manufacturers has increased, and the loom operating rate has risen by more than 62%. Some overseas countries announced the release of the seal, and the export was also quietly launched. It is reported that orders from Europe, the United States and Southeast Asia have been placed in succession recently. In terms of exports, according to the latest statistics of the General Administration of Customs of China, in April 2020, China’s textile and clothing exports reached US $21.361 billion, an increase of 38.43% month on month and 9.77% year on year. Among them, the export value of textiles (including textile yarn, fabrics and products) was 14.620 billion US dollars, up 49.36% year on year; the export value of clothing (including clothing and accessories) was 6.739 billion US dollars, up 30.31% year on year. From January to April, China’s cumulative export of textiles and clothing was 66.626 billion US dollars, down 12.06% year on year, of which the cumulative export of textiles was 37.311 billion US dollars, up 2.90% year on year; the cumulative export of clothing was 29.308 billion US dollars, down 22.33% year on year.

Xia Ting, an analyst at business club, believes that with the strength of crude oil and the increase of PTA device maintenance, the polyester filament market is stable and rising driven by the favorable cost side. However, it is worth noting that PTA’s “high inventory, high processing costs, high operating rate” problem has not been fundamentally solved, and the market continues to rise under pressure. At the same time, the internal and external trade of the downstream terminal recovered slowly, and the order performance was not stable, and the raw material procurement remained rigid. If the follow-up orders could not be followed up in time, the possibility of the loom load reduction again could not be ruled out in late June, and the substantial recovery still needs to be observed. In the short term, near the end of the month, the terminal textile enterprises may face a wave of purchasing actions, which will still form a certain support for the price. The future market will still pay attention to the change of raw materials and demand end, or there is a possibility of falling.

1、 Price trend

According to the data of the business club’s bulk list, the price trend of TDI market this week is stable, and the average price of East China market in this week is eleven thousand and thirty-three point three three Yuan / ton, compared with last weekend ten thousand Yuan / ton increase 10.33% , down from last year 33.13% 。

2、 Market analysis

Products: the domestic TDI market is running smoothly this week, and there are still divergences in the market mentality. The overall offer of the industry is inclined to the low-end range, and there is no lack of low-cost cash out and goods going. The downstream follow-up is not enough to buy gas. The trading atmosphere in the market is cold, and the transaction volume is insufficient, and the whole is mainly to digest the early inventory. As of the 15th, the quotation of domestic goods with bills in the East China market is 10200-10500 yuan / ton, and that of Shanghai goods with bills is 10400-10600 yuan / ton; at present, due to the consolidation of the North China market, the shipping resistance of the operators is relatively large, and the transaction price tends to be low; the South China market is weak and waiting, downstream gas consumption, and transaction volume is insufficient.

Industrial chain: the upstream toluene market fluctuated in a narrow range this week. With the recovery of the European and American economies, global demand is expected to improve. International crude oil futures are in a weak position, and effective guidance is given to the market. As of Friday, the domestic average price of toluene is about 3410 yuan / ton, down from last week 2.57% It is expected that the domestic toluene market will be put into operation later.

3、 Future forecast

According to the analysis of the data division of the business agency: at present, the domestic RDI market is in narrow range consolidation, the listing of the factory side is up, the on-site offer is higher, but the downstream response is slightly flat, the whole is mainly to digest the early inventory, the shipping resistance of the industry is large, and the transaction volume is insufficient. It is expected that the TDI market will run in a period of turbulence in the later stage, and the company will pay attention to the plant policy news.

1、 Price trend:

According to the monitoring data of the business agency, the average market price of caustic soda in Shandong at the beginning of the week was 482.5 yuan / ton, while the average market price in Shandong at the end of the week was about 487.5 yuan / ton, with a price increase of 1.04%. On May 17, the caustic soda commodity index was 70.14, the same as yesterday, 66.09% lower than 206.87 (2017-11-14), the highest point in the cycle, and 3.71% higher than 67.63, the lowest point on May 10, 2020. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

Product: the price of caustic soda is stable this week. The price of caustic soda in Shandong Province is stable temporarily. The main factory price of 32% caustic soda is 470-530 yuan / ton. The downstream demand is low, the market atmosphere is poor, and the overall lack of downstream support. It is expected that the price of caustic soda will be more consolidated in the near future. The caustic soda in Jiangsu Province is temporarily stable, with 32% of the mainstream alkali quotation of about 630-670 yuan / ton. The overall inventory is not high, and the export is increasing. The price of the enterprise is rising, which is expected to be more strong in the later stage. In Henan area, 32% of the main caustic soda price is 1600-1800 yuan / ton (converted into 100 yuan), and the downstream demand is general. It is expected that the caustic soda price will be consolidated in the near future. According to data statistics, the output of caustic soda in China from January to February 2020 is 5.237 million tons, a decrease compared with the same period last year.

Industrial chain: flake alkali market quotation: Inner Mongolia market 1750-1800 yuan / ton, Shandong market 2000-2100 yuan / ton, East China market 2050-2100 yuan / ton, Xinjiang market 1450-1550 yuan / ton. The start-up of caustic soda enterprises is maintained at about 70-80%, with little change in supply. From the perspective of demand, the loss of alumina industry is still bad for the price of caustic soda. Affected by environmental protection, the operating rate of paper printing and dyeing industry may be reduced.

Industry: according to the price monitoring of the business agency, there are three kinds of commodities rising and falling in the price list of chlor alkali industry in the 18th week of 2020 (5.4-5.8), two kinds of commodities falling and 0 kinds of commodities rising and falling. The main commodities rising were hydrochloric acid (5.08%), PVC (4.32%), calcium carbide (0.72%); the main commodities falling were light soda ash (- 4.66%), caustic soda (- 3.59%). This week’s average was 0.37%.

According to analysts of business association, the overall demand of domestic caustic soda market is general, alumina continues to lose money, prices in some Southern markets are relatively stable, and the price of caustic soda in Shandong begins to be stalemated, but it is expected that the domestic caustic soda market will still operate stably as a whole, or there will be minor adjustment and operation in some parts.

This week (5.11-15), the domestic liquid ammonia Market slightly adjusted, the market is up and down mutually, most manufacturers reported stable, some manufacturers affected by the inventory pressure, slightly reduced the price, there are downward actions in the middle of the week, the range is 50-100 yuan / ton. Shandong market rebounded slightly from the previous week, with a limited range, mainly due to the low ammonia volume in the region, or the decline of some manufacturers’ unit output. From the early trend, the domestic liquid ammonia market continued to rebound in March as the domestic manufacturers ushered in the return to work season, with the demand picking up, and the growth rate in the northern region once exceeded 15%. However, the market reversed in April and may, and the rebound market has stopped abruptly. At present, most regions show a trend of high-level decline. Since May, the market has been mainly stable, keeping a narrow range of shocks, and adjusting the range within 100 yuan. On the one hand, the high start-up rate of manufacturers in the early stage has accumulated a large amount of inventory. At present, the manufacturers are willing to de inventory. On the other hand, the spring farming season has passed, and the downstream demand has stabilized, unable to continue to drive the rise of the liquid ammonia market. The procurement strength of downstream nitrogen fertilizer manufacturers has slowed down obviously, and most of them focus on demand procurement. At present, the supply and demand of the market is in the balance stage. According to the monitoring of the business agency, the current price of liquid ammonia in the northern region is about 2800-2900 yuan / ton.

In the future, the business community believes that the supply pressure is still there, the peak season has passed, the demand is stable, the market may enter a relatively bottleneck period, and it is unlikely that the price of liquid ammonia will fluctuate in a narrow range in the near future.

1、 Price trend

According to the data of the commodity list of business association, the average price of formaldehyde in Shandong Province on May 6 was 863.33 yuan / ton, and on May 9, the average price of formaldehyde in Shandong Province was 880.00 yuan / ton, up 1.93%. The current price is down 22.12% year on year.

2、 Market analysis

Products: Recently, the price of formaldehyde in the domestic market has increased. As of May 9, the main factory quotation in Hebei is about 780 yuan / ton, that in Shandong is 840 yuan / ton, and that in Jiangsu is 1075 yuan / ton. The annual output of 120000 tons formaldehyde plant in Linyi Yinhe, Shandong Province has been restarted, with the formaldehyde content of 36.7-37%. Linyi Yinhe formaldehyde annual production capacity of 120000 tons of formaldehyde production line shutdown maintenance. Formaldehyde market supply has declined, the exchange atmosphere is relatively good, formaldehyde manufacturers actively go goods, the price bottom rebound.

Industry chain: upstream methanol situation: international oil price recovers gradually with the lifting of the blockade due to the oil demand, closing up, methanol inventory pressure is not large, and there is demand for replenishment after the festival in the downstream, so the price rises. To support the cost of formaldehyde, the downstream procurement is mainly rigid, and the overall transaction is ideal. Formaldehyde enterprise quotation affected by the rise of raw materials, the market bottomed out and rebounded.

3、 Future forecast

Recently, the upstream methanol price rebounded, but the production of most international methanol plants is stable. It is expected that the import volume will still be at a high level from May to June, and the price of methanol in the later period is still not optimistic. Therefore, the formaldehyde analyst of the chemical branch of the business society predicted that the domestic formaldehyde price in the near future will mainly be consolidated.

1、 Price trend

According to the bulk data monitoring of the business agency, the factory price of R22 in China fell sharply this week. The price by the end of the week was 14833.33 yuan / ton, down 10.1% compared with 16500 yuan / ton at the beginning of the week, down 19.82% compared with the same period last year. On May 8, the R22 commodity index was 89.00, down 1 point from yesterday, down 19.82% from 111.00 (2020-02-24), the highest point in the cycle, and up 6.71% from 83.40, the lowest point on October 14, 2019. (Note: cycle refers to 2019-09-01 till now)

2、 Market analysis

Product: in the near future, the downstream refrigerant market of the terminal has a general trading market, with poor export and low market negotiation focus. This week, the domestic refrigerant R22 market fell sharply, coupled with the decline of raw materials, the pressure of manufacturers to take goods is too high, the traders are pessimistic, and the goods are cold. According to the price monitoring of business agency, at present, the price of refrigerant R22 is mostly concentrated around 12000 yuan / ton 17000 yuan / ton, and the actual price is relatively low.

Industry chain: on May 9, the mainstream price of domestic anhydrous hydrofluoric acid manufacturers was 7600-8500 yuan / ton. The factory price of some manufacturers in the site fell, the operation rate of domestic hydrofluoric acid manufacturers was average, the supply of goods in the site was sufficient, and the market price in the site continued to fall. The price trend of upstream product anhydrous hydrofluoric acid continued to decline, and the supply of spot goods was sufficient, but the demand situation did not improve significantly, and the price trend of hydrofluoric acid declined.

Industry: according to the price monitoring of the business association, in the 18th week of 2020 (5.4-5.8), there are 37 kinds of commodities in the list of commodity price rise and fall in the chemical industry sector, including 17 kinds of commodities with an increase of more than 5%, accounting for 19.1% of the number of commodities monitored in the sector; the top three commodities are trichloromethane (17.86%), crude benzene (14.59%) and phenol (11.04%). There are 29 kinds of commodities falling on a month on month basis, 8 kinds of commodities falling by more than 5%, accounting for 9% of the number of commodities monitored in the sector; the top 3 products falling are R22 (- 10.10%), isopropanol (- 8.93%) and fluorite (- 6.83%). This week’s average was 0.97%.

3、 Future forecast

According to the refrigerant analyst of Business Club: at present, the price of refrigerant R22 is close to the bottom, the demand continues to be weak, the export is not smooth, and the supporting force of raw material end is weakened. It is expected that the market will be dominated by weak stability and consolidation in the short term.