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China’s domestic phthalic anhydride market price trend is temporarily stable on April 29

On April 28, the phthalic anhydride commodity index was 63.75, unchanged from yesterday, down 46.93% from the peak of 120.13 points in the cycle (2012-02-28), and up 31.66% from the low of 48.42 points on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

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Recently, the domestic market price of phthalic anhydride has maintained a low trend, the market of phthalic anhydride and phthalic anhydride in eastern China has weakened, downstream factories have just needed to purchase, factory inventory pressure has continued, high-end transactions have been blocked, the mainstream of on-site neighbouring source negotiations is 6500-6600 yuan/ton, and the mainstream of naphthalene source negotiations is 6300 yuan/ton; the mainstream quotation of phthalic anhydride market in North China is 6400-6600 yuan/ton, and the market weak The price of phthalic anhydride in China is stable, the spot supply of phthalic anhydride is normal, the market is not good, and the price of phthalic anhydride is declining.

Recently, the executive price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, is 6700 yuan/ton. The actual transaction price in the market is 6700 yuan/ton. The quotation is stable and the port market is general. The upstream raw material mixed xylene price is stable, the turnover of phthalic anhydride is general, the stock of phthalic anhydride in port is low, the price of phthalic anhydride is temporarily stable, the cost of imported phthalic anhydride is rising, the actual transaction price is discussed in detail, the upstream price trend is stable, and the market price of phthalic anhydride remains weak. DOP prices in the downstream are lower. Recently, in Zhejiang DOP market, merchants’quotations have maintained 8100-8200 yuan/ton, while downstream prices have slightly declined. Demand for upstream phthalic anhydride is limited. The market price of phthalic anhydride is slightly lower. It is expected that the market price of phthalic anhydride will be around 6500 yuan/ton in the later period.

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Antimony market stopped falling and stabilized this week (4.22-4.26)

Price Trend

This week (4.22-4.26) domestic 1 # antimony ingot price is stable, the domestic market average price is 43750 yuan/ton, flat.

 

On April 27, the Sb Commodity Index was 60.90, unchanged from yesterday, down 40.48% from its peak of 102.32 points in the cycle (2012-10-16), and up 29.63% from its low of 46.98 points on December 24, 2015. (Note: Period refers to 2012-09-08 to date).

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II. Market Analysis

Upstream and downstream: domestic antimony sulfide concentrate (Sb > 55%) market quotation as of Friday is 3450-35500 yuan/ton of metal, the average price is 35000 yuan/ton; this Wednesday, antimony dioxide price followed the trend of antimony ingot to stop falling and stabilize, as of Friday, 99.5% in 38500 yuan/ton, 99.8% in 39750 yuan/ton.

Domestic market: Antimony ingot: This week, the price of antimony ingot is stable, up to 26 days: SMM antimony average price as of the weekend: 2_high bismuth antimony ingot 42250 yuan/ton, 2_low bismuth antimony ingot 43500 yuan/ton, 1_antimony ingot 44000 yuan/ton, 0_antimony ingot 45000 yuan/ton. After the resumption of construction in Lengshuijiang area, the supply has not changed much this week, and the market turnover is relatively stable.

Non-ferrous industry: This week, the US data is bright, the euro zone data is weak, the US dollar index has finally got rid of the oscillating platform range in the past two years, hitting a two-year high of 98.3. Most of the basic metals are under pressure, and the May Day is coming. Risk aversion factors and weak consumption make most of the products difficult to highlight.

3. Prospects for the Future Market

Next week, there will be only two trading days in China. The market will focus on risk aversion, position reduction and inventory reduction. It is expected that most items will remain volatile and will return after the festival to await the guidance of the external market.

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Operating weakness of epichlorohydrin market on April 24

I. The price trend of epichlorohydrin:

According to the data from the business associations’list, as of April 24, 11,000 yuan per ton of epichlorohydrin (including taxes) had fallen by 10.33% compared with last week’s 17. Today, the mainstream price of epichlorohydrin in China is 10,600-11,600 yuan per ton.

2. Market analysis:

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Products: Epichlorohydrin market declined. On-site holders are under pressure to deliver goods, and new orders are delivered at a profit.

Industry chain: the enthusiasm of downstream participation is not high, continuing the purchasing mode just needed, and the negotiation atmosphere is light.

3. Future market forecast:

It is expected that the domestic epichlorohydrin market will be dominated by weak market in the short term.

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China’s domestic price trend of p-xylene was temporarily stable on April 22

On April 21, the PX Commodity Index was 67.20, unchanged from yesterday, down 34.38% from its peak of 102.40 points in the cycle (2013-02-28), and up 47.53% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

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Recently, the domestic market price trend of p-xylene has been temporarily stable. Pengzhou Petrochemical Plant has been running steadily in the field. Urumqi Petrochemical Plant has started 50% of its operation. Fuhai Aromatic Hydrocarbon Plant has started a line. CNOOC Huizhou Refinery and Chemical Plant has been overhauled. Hengli Petrochemical PX Plant has been put into operation. Other units have been running steadily for the time being. Due to the increase of domestic market supply of p-xylene, the market for p-xylene has increased. Price trend is stable for the time being. The opening rate of PX plant in Asia is about 80%. The market of p-xylene in Asia is closed on April 19. The closing price of the previous trading day was US$947-949/ton FOB in Korea and US$966-968/ton CFR in China. More than 50% of the domestic units need to be imported. The low price of foreign units has a negative effect on the domestic market price of p-xylene. The price trend of p-xylene in the market is temporarily stable.

On April 19, the crude oil price was closed, the June futures market of WTI crude oil in the United States was closed at $64.00 per barrel, and the June futures market of Brent crude oil was closed at $71.97 per barrel. The trend of crude oil price was volatile. The price of downstream petrochemical products lost some cost support, while the price of p-xylene market was temporarily stable. Recent textile industry volatility, PTA price trend maintained low on 22nd, East China average offer in the vicinity of 6500-6600 yuan/ton, up to 19 domestic PTA start-up rate of about 80%, polyester industry start-up rate of about 90%, downstream production and sales rate maintained high, but PTA market price changes little, is expected to lower PX market price in the later period.

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Drop costs, Ethylene glycol prices boost weakness (4.15-4.19)

Price Trend

According to data from business associations, the average listing price of ethylene glycol in North China on April 19 was 4850 yuan/ton, down 2.02% from the previous cycle, and then a new low.

Domestic spot market prices continued to fall slightly this week. The mainstream price of ethylene glycol in eastern China has dropped to around 4615 yuan/ton, while that in southern China has remained around 4600 yuan/ton.

II. Analysis of Influencing Factors

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So far this week, the domestic oil-based ethylene glycol start-up rate is about 81%, coal-based ethylene glycol start-up rate is about 72%, enterprise supply is sufficient.

As of Wednesday, ethylene glycol stocks in East China’s main ports were about 1.284 million tons, down from the previous year.

3. Future Market Forecast

Ethylene glycol analysts at business associations predict that the oil-to-ethylene glycol project is in a loss position as the market price of ethylene glycol falls all the way. Affected by cost pressures, ethylene glycol manufacturers may reduce supply later. However, due to the slow de-inventory progress of the port, the current low price may continue to be maintained.

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A Brief Analysis of the Price Trend of Potassium Chloride in the First Half of April

Since the end of March, potassium chloride has stabilized and rebounded slightly. At present, the mainstream price of 62% white potassium in the port has been restored to about 2400 yuan, and the transaction reference is about 2350-2380 yuan. The high-end transaction is more difficult, but the low-end sellable sources are becoming more and more difficult to find.

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The reason for this rise is not that demand is really improving, but that it is concentrated purchasing of large orders at relatively low prices. Secondly, although the total stock of existing ports has decreased from the previous peak period, it is still higher than the same level in recent years. Third, the extent of the reduction in arrivals is uncertain for the time being, and the seller hopes to use the possible reduction to speculate. Fourthly, the rebound of potassium chloride is not an ironclad one. The Northeast market is gradually coming to an end. The prices of white potassium in border trade and large-grain potassium chloride in Quarry Bay have been loosened. Fifth, the upper echelons are more restrained in pulling up, whether it is suspension or quotation of high prices, but there is no further speculation.

The real important thing is the negotiation of large contracts, because it is not only the cost factor in the future, but also the process of negotiation is the reflection of the long-term trend judgment of potassium chloride between Chinese and foreign sides. The FMB meeting in Shanghai two days ago had no news on the negotiation of large contracts, and it still needed to wait patiently.

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Monoammonium Phosphate Market Maintained Steady Operation this Week (4.8-4.12)

Price Trend

According to the data from the business associations’list, the market trend of powdered ammonium remained stable this week, with an average domestic market price of 2166 yuan/ton, an average price of 2166 yuan/ton at the beginning of the week and a weekend price of 2166 yuan/ton.

II. Market Analysis

Products: At present, the domestic ammonium market is running steadily, and the market demand is relatively flat. At present, most enterprises still mainly carry out pre-order. At present, 60% of the mainstream ammonium powder factory quoted 2200-2400 yuan/ton in Hubei area, the overall stable operation; Henan market stable operation, 55% of ammonium powder factory quoted 2000 yuan-2200 yuan/ton, stable start-up; Sichuan 73% of industrial ammonium factory quoted 4000-4200 yuan/ton; Anhui market stable operation, 55% of ammonium powder factory quoted 2000 yuan-2200 yuan/ton, stable start-up. Most enterprises have normal operation of equipment, normal orders and normal delivery.

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Industry chain: The price of upstream raw material phosphoric acid market declined slightly as a whole, the volume of new single transaction was general, the supply of phosphate ore increased, and the overall stock was high. The demand for ammonium in downstream compound fertilizer enterprises is weak.

3. Future Market Forecast

Ammonium phosphate business analysts believe that the spring farming market is gradually following up, and enterprise inventory is gradually declining. But the trade is still flat, and the market for monoammonium phosphate may remain stable in the short term.

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A Brief Talk on the Market Situation of Xylene on April 10

On April 10, the listing price of xylene for Sinopec’s enterprises increased in South China, while other areas remained stable. Last night, oil prices fell, and yesterday’s xylene market trading situation was not good, the atmosphere was cold, traders quoted lower, the latest isomeric xylene quotation is about 5700-5750 yuan per ton.

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Domestic yellow phosphorus market prices fell slightly this week (4.1-4.4)

Price Trend

According to commodity data monitoring, the price of Yungui yellow phosphorus fell slightly this week. At the beginning of the week, the average price of yellow phosphorus was 15 575 yuan/ton, and at the end of the week, it was 15 325 yuan/ton. The price fell within the week, with a range of 1.61%.

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II. Market Analysis

Products: Yellow phosphorus prices fell slightly this week. At present, market transactions are dull, traders have a strong wait-and-see mood, and downstream picking up goods is more cautious. At present, the main transaction price of yellow phosphorus in Yunnan is 14700-15400 yuan/ton. The mainstream transaction price in Sichuan is about 15,500 yuan/ton. The main transaction price of yellow phosphorus in Guizhou is about 15 300 yuan per ton.

Industry chain: Most mines in the domestic phosphate ore market have resumed mining this week, with increased supply and high overall inventory. The mainstream quotation is about 450 yuan/ton. This week, coke prices were stable. The mainstream market price of Panzhihua coke (secondary metallurgical coke) was 2,080 yuan per ton. Affected by the explosion accident in Yancheng, Jiangsu Province, the safety inspection shows that the downstream enterprises of yellow phosphorus have insufficient start-up rate and light demand.

Thirdly, the analyst of yellow phosphorus in the future forecast business society chemical branch thinks that the overall demand of Yunnan-Guizhou yellow phosphorus is light, the downstream demand is on the wait-and-see state, the procurement is not active, there is no good support in the field, and the downward trend is expected in the later period.

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China’s domestic market for cyclohexanone was temporarily stable on April 2

Price Trend

According to the monitoring data of business associations, as of April 2, the average price of domestic cyclohexanone market was 9 433 yuan/ton, and the domestic market of cyclohexanone was mainly stable for the time being.

II. Market Analysis

Products: Cyclohexanone market has been steadily adjusted, purchasing situation of downstream chemical fiber factories is still acceptable, delivery pressure of some cyclohexanone factories is reduced, the solvent market just needs to be stocked up, and the market delivery atmosphere is still acceptable. The mainstream offer of cyclohexanone in North China market is sent in cash from 9300 to 9500, the mainstream offer in East China market is sent in cash from 9500 to 9700, and the mainstream offer in South China market is sent in cash from 9900 to 10100.

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Industry Chain: Pure Benzene: The market information is less, the market atmosphere is relatively light at the beginning of the month. The spot price of pure benzene in East China is 4250-4350 yuan/ton, the purchase price is 4250 yuan/ton in April, and the sale price is 4350-4400 yuan/ton. Caprolactam: Caprolactam liquid market prices rose slightly, downstream polymerization capacity is more, part of the caprolactam factory overhaul, supply support, on-site trading center of gravity rose slightly. The spot price of caprolactam liquids is delivered by acceptance of RMB 14 000-14300 per ton. On the solid side, due to the rising price of liquids, part of the solid side sells at a low price. The price refers to 14500-14700 yuan/ton, which is remitted to us now. The price of the northern part is slightly lower.

3. Future Market Forecast

Pure benzene market is temporarily stable, cost support is still stable, downstream chemical fiber overall start-up reduced, the market rose slightly, but the demand for cyclohexanone is also reduced. Cyclohexanone analysts from business associations predict that the short-term market for cyclohexanone will remain stable.

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