On March 27, the fluorite commodity index was 103.51, unchanged from yesterday, down 18.81% from the peak of 127.49 points in the cycle (2019-01-03), and up 110.34% from the low of 49.21 points on December 18, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the domestic fluorite price trend is temporarily stable, the average domestic fluorite price is 2,950 yuan/ton as of 28 days, the recent domestic fluorite plant start-up is normal, the mine and flotation plant start-up is normal, the supply of fluorite in the field is normal, the recent downstream market market has improved, the price inquiries for the fluorite market increased, the price trend of fluorite market rose slightly. Recent temperature rise, the northern fluorite flotation plant start-up rate increased, but the downstream device start-up also increased accordingly, fluorite spot supply in the field is normal, terminal downstream receipt increased compared with before, resulting in a slight rise in market price trend. As of 28 th, the price of 97 fluorite wet powder in Inner Mongolia was 2800-3100 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, that of 97 fluorite wet powder in Jiangxi was 2900-3100 yuan/ton, and that of fluorite rose slightly.

The market price of hydrofluoric acid in the downstream of fluorite is stable. The domestic market price of hydrofluoric acid is 10775 yuan/ton as of 28 days. The price fluctuation of hydrofluoric acid market has little effect on the price of fluorite in the upstream. Recent downstream refrigerant products start at a low level, the upstream fluorite and hydrofluoric acid demand is general, the recent downstream refrigerant trading market is general, hydrofluoric acid products prices are temporarily stable. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 60%, R22 market facility start-up rate is temporarily stable, the main manufacturer of bulk water factory offer price is 18500-19000 yuan/ton, but the manufacturer does not have bulk water spot, mainly a small number of cylinders shipment. In addition, the actual demand side of the market has not changed much, and the delivery market has increased. Domestic market price trend of R134a shocks, production enterprises equipment start-up rate remains low, refrigerant market demand is general, manufacturers mainly export. But the on-site transaction price does not change much. Businessmen buy on demand. Generally speaking, the downstream industry is in a general market. In addition, the fluorite market supply is normal. Fluorite prices are volatile. Business analyst Chen Ling believes that the fluorite market price may remain volatile.

On March 25, the phthalic anhydride commodity index was 65.69, down 0.33 points from yesterday, down 45.32% from the peak of 120.13 points in the cycle (2012-02-28), up 35.67% from the low of 48.42 points on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recent domestic phthalic anhydride market price fluctuations, the East China phthalic anhydride market weak consolidation, downstream factories to maintain just needed procurement, factory inventory pressure continued, high-end transaction hindered, on-site neighbouring source negotiations mainstream in 6600-6800 yuan/ton, naphthalene source negotiations mainstream in 6400-6500 yuan/ton; North China phthalic anhydride market mainstream offer in 6500-6800 yuan/ton, the market weak shock. 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 trend of phthalic anhydride remains weak.

Recently, the executive price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, is 6800 yuan/ton. The actual market transaction price is 7100 yuan/ton. The quotation is stable and the port is out of stock. Upstream raw materials mixed xylene price shocks maintain stability, phthalic turnover is general, port phthalic inventory is low, phthalic external quotation rises, import phthalic cost rises, the actual transaction price talks in detail, upstream price trend is stable, phthalic anhydride market prices remain volatile. DOP prices in the downstream are lower. Recently, in Zhejiang DOP market, merchants’quotations have fallen to 8100-8200 yuan/ton, and downstream prices have been declining. 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 6700 yuan/ton in the later period.

Price Trend

According to the data of the commodity list of business associations, the domestic formaldehyde market rose sharply on March 25. The average price of formaldehyde last weekend (March 22) was 1306.67 yuan/ton, and that of March 25 was 1566.67 yuan/ton, an increase of 19.90%, which is 2.73% higher than that of last year.

II. Market Analysis

Products: Domestic formaldehyde market prices have risen sharply, Hebei mainstream ex-factory quotation is about 1370 yuan/ton, up 150 yuan/ton, South China mainstream ex-factory quotation is about 1450 yuan/ton, up 100 yuan/ton, Shandong mainstream manufacturer quotation is 1700 yuan/ton, up 350 yuan/ton, Jiangsu mainstream ex-factory quotation is about 1400 yuan/ton, up 100 yuan/ton. Influenced by environmental protection inspection, formaldehyde factories have low start-up rate and low inventory, while downstream factories have increased start-up rate, increased consumption, urgent need for supply, serious gap, and sharp rise in formaldehyde prices.

Industry chain: The upstream methanol market is affected by macro and port inventory. Given the support of formaldehyde products, the mentality of formaldehyde manufacturers is strong, downstream demand is rising, procurement is active, on-site trading atmosphere is warm, and the price of formaldehyde has risen sharply.

3. Future Market Forecast

Upstream methanol market has risen slightly in recent days, cost support is still acceptable, downstream start-up rate has risen, so formaldehyde analysts of business and social chemical branch predict that domestic formaldehyde prices or shocks will dominate in the near future.

Price trends:

According to the monitoring data of business associations, as of March 22, the average price of acetic anhydride enterprises was 5933.33 yuan/ton, which was 2.73% lower than that of 6,100.00 yuan/ton at the beginning of this week, and 25.37% lower than that of acetic anhydride in the same period last year.

2. Market analysis:

Product analysis:

Domestic acetic anhydride ex-factory quotations fell this week, and market prices fell. Most of the region’s ex-factory quotation is between 5600 and 6000 yuan/ton. The actual transaction price has fallen. In Shandong, the actual transaction price is between 5600 and 5900 yuan/ton. The price has fallen. The market quotation is the reference price, and the actual transaction price is based on actual negotiation. Acetate anhydride factory start-up rate maintained a high level, but the downstream sales of acetic anhydride was cold, acetic anhydride market was general, after the fall of acetic anhydride.

Factor analysis of industrial chain:

The price of acetic acid fell sharply this week. As of March 22, the price of acetic acid was 2 950.00 yuan/ton, down from the beginning of the week. The price of acetic acid fell 0.56% this week. The price of methanol fell this week. As of March 22, the price of methanol was 2360.00 yuan/ton. This week, the price of methanol fell by 2.48%. The cost of acetic anhydride fell, which had a negative impact on the market of acetic anhydride.

3. Future market forecast:

Bai Jiaxin, a data analyst for acetic anhydride in business associations, believes that the price of raw materials for acetic anhydride has fallen this week, the cost of acetic anhydride has fallen, and the pressure on the overall price of acetic anhydride has increased. In recent years, acetic anhydride manufacturers have a high starting rate, adequate supply and demand. Recent downstream purchases are general. The sales pressure of acetic anhydride is high, which has a great impact on the market of acetic anhydride. The overall market for acetic anhydride is negative, and the price of acetic anhydride is expected to fall in the future.

On March 20, the ammonium nitrate commodity index was 107.02, which was the same as yesterday. It was 9.63% lower than the cycle peak of 118.42 points (2019-01-15), and 38.32% higher than the lowest point of 77.37 on October 31, 2016. (Note: Period refers to 2013-02-01 to date)

Recently, the price trend of domestic ammonium nitrate Market has maintained a low level. Affected by environmental protection control, domestic ammonium nitrate plants shut down more, and domestic ammonium nitrate plants started less. However, with the warming of the weather recently, the influence of northern air limitation disappeared. In addition, due to the complete shutdown of domestic downstream civil explosion industry, domestic ammonium nitrate manufacturers have more stockpiles and the price trend in the field has declined. As of the 21st, domestic ammonium nitrate market price negotiations in 1900-2100 yuan/ton, affected by environmental protection, so now many manufacturers in many areas have been forced to limit production or stop production and maintenance to accept environmental protection inspection, the price trend of ammonium nitrate on the site is weak.

Recently, the domestic nitric acid price trend is temporarily stable, the market price is 1560 yuan/ton on the 21st day. The stable trend of nitric acid price has little effect on the ammonium nitrate market, and the price trend of ammonium nitrate has slightly declined. The price trend of upstream raw material liquid ammonia has risen slightly, and the market price of liquid ammonia on the 21st day is 3393.33 yuan/ton. The rising trend of upstream raw material price has a certain positive impact on the ammonium nitrate market. Ammonium nitrate market price trend slightly lower. At the end of the peak season of the downstream civil explosion industry recently, the demand for ammonium nitrate has weakened and the stocks of ammonium nitrate manufacturers have increased, but the liquid ammonia market is on the rise again. The ammonium nitrate Market has slightly declined due to the bad market. Ammonium nitrate analysts believe that the price of raw materials in the upstream market has risen slightly in the near future, but the demand in the downstream is not good, and the market price of ammonium nitrate in the later period is expected to be shocked.

According to data released by Dow Jones’JODI on Monday, March 19, 2019, Saudi Arabia exported 7.254 million barrels of crude oil per day in January 2019, down 5.6 percentage points from 7.687 million barrels per day in December last year.

Member States of the Organization of Petroleum Exporting Countries (OPEC), including Saudi Arabia, provide JODI with monthly oil export data, which JODI publishes on its website.

Saudi Arabia, the largest oil producer of the Organization of Petroleum Exporting Countries (OPEC) and the actual leader of OPEC, has taken the lead in reducing crude oil production since January this year, fulfilling a global production reduction agreement reached at the end of last year.

Saudi Arabia’s crude oil production fell by 400,000 barrels per day in January, to 10.243 million barrels per day, and its crude oil inventory fell by 4.542 million barrels to 20.834 million barrels in January.

According to JODI data, demand for direct burning crude oil in Saudi Arabia’s power plants increased by 13,000 barrels per day in January to 377,000 barrels per day; crude oil processing in domestic refineries increased by 74,000 barrels per day to 2.758 million barrels per day in January.

Saudi demand for petroleum products increased by 34,000 barrels per day in January to 2073,000 barrels per day, while exports of refined oil fell by 497,000 barrels per day to 1616,000 barrels per day.

I. The price trend of epichlorohydrin:

According to the data from the business associations’list, as of March 15, epichlorohydrin was 13450.00 yuan/ton (including taxes). At present, the market price of epichlorohydrin in China is 12700-13700 yuan/ton.

2. Market analysis:

Products: Today’s epichlorohydrin market negotiations focus fell. At present, enterprises mainly sell goods at a profit, reduce inventory and relieve pressure.

Industry chain: downstream wait-and-see atmosphere is strong, transaction atmosphere is insufficient.

3. Future market forecast:

It is expected that short-term domestic 

Price Trend

According to the monitoring data of business associations, as of March 14, the average price of domestic ethanol market was 5383 yuan/ton, and the domestic ethanol market was mainly stable.

II. Market Analysis

Products: Eastern and Northern Jiangsu region has weak price consolidation, general-level market due to flat shipments, individual factories downgraded high-end, the mindset of the industry is weak; raw maize prices in Northeast Jilin region are strong, cost-side support is good, enterprise contract orders have not been fulfilled; South China enterprises have obvious willingness to bid, although a small number of sugar factories stop pressing, but the impact of market supply is small, downstream demand. Seek light, delayed arrival of imports.

Industry chain: Maize: In the short term, maize prices will continue to weaken under pressure. It is expected that from March to early May, maize prices will generally moderately strengthen. But if the Sino-US trade consultation announces positive and good news during this period, the chances of corn prices falling will increase. Therefore, the key to the forecast of corn price overall bullish in March-May is to pay attention to the outcome of Sino-US trade negotiations. Ethyl acetate: The domestic market for ethyl acetate is stable. In the early period of continuous decline, downstream ethyl acetate Market to maintain a wait-and-see attitude, pushed to the recent part of the market to buy a small peak, relatively smooth turnover. However, the overall domestic demand support is difficult to continue, the downstream just need to buy more digestive inventory, ethyl acetate Market is weak and stable in the late period.

3. Future Market Forecast

Demand downstream is light, high-end supply of goods is poor, and individual enterprises have begun to reduce prices. Ethanol analysts at business associations expect the short-term market to be weak.

On March 10, the phthalic anhydride commodity index was 67.48, unchanged from yesterday, down 43.83% from the peak of 120.13 points in the cycle (2012-02-28), and up 39.36% from the low of 48.42 points on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price of phthalic anhydride has been slightly lower, the market of phthalic anhydride in eastern China is weak and consolidated, downstream factories maintain just in need of purchasing, factory inventory pressure continues, high-end transactions are blocked, the mainstream of on-site neighbouring source negotiations is 6700-6900 yuan/ton, the mainstream of naphthalene source negotiations is 6600-6700 yuan/ton; the mainstream price of phthalic anhydride in North China is 6700-6900 yuan/ton, and the market is weak. The price of phthalic anhydride in China is stable, the spot supply of phthalic anhydride is normal, and the price of phthalic anhydride is declining.

Recently, the executive price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, is 6800 yuan/ton. The actual market transaction price is 7100 yuan/ton. The quotation is stable and the port is out of stock. Upstream raw materials mixed xylene price shocks maintain stability, phthalic turnover is general, port phthalic inventory is low, phthalic external quotation rises, import phthalic cost rises, the actual transaction price talks in detail, upstream price trend is stable, phthalic anhydride market prices remain volatile. DOP price downstream shocks. Recently, in Zhejiang DOP market, merchants’quotations are maintained at 8650-8700 yuan/ton. Downstream prices are at a low level. Demand for upstream phthalic anhydride is limited, and the market price of phthalic anhydride is slightly lower. It is expected that the market price of phthalic anhydride will be around 6900 yuan/ton in the later period.

Price Trend

The domestic acetic acid market fell sharply this week, with the average price of acetic acid in eastern China at about 3166 yuan/ton at the beginning of the week and 3033 yuan/ton at the end of the week, a decline of 4.21%. At present, the quotation in Henan is about 2700-2750/ton; in Shandong is about 2900-3050 yuan/ton; in Hebei is about 3000-3050 yuan/ton; in Shaanxi is about 2600 yuan/ton; in Jiangsu is about 2850-3000 yuan/ton; in Zhejiang is about 3050-3150 yuan/ton; in South China, the quotation is about 3200-3250 yuan/ton, which is 35.58% lower than that in the same period last year.

II. Cause Analysis

Products: This week, the domestic acetic acid market as a whole weakened significantly. Affected by the two sessions, downstream construction began to decline, demand was low, the overall trade in the industry was flat and the export negotiations were not good, which could hardly support the price of acetic acid. In terms of start-up, the Shunda 400,000 tons/year plant in Henan Province resumed normal production within a week, Yankuang Cathay Pacific 1.2 million tons/year plant reduced negative operation within a week, Jiangsu Soap 1.2 million tons/year plant maintenance for one week on March 5, Nanjing BP 500,000 tons/year plant maintenance plan for mid-March, Hebei Jiantao 500,000 tons/year plant maintenance plan at the end of the month, the overall start-up rate of the industry this week is about 86%.

Industry chain: Upstream, affected by the equipment overhaul period, the domestic methanol market is strong this week. At the beginning of the week, the average domestic methanol market price was 2 480 yuan/ton, and at the end of the week it was 2558 yuan/ton. The price increased by 3.15% in the week, 5.81% compared with the same period last year. This week, the acetate industry in the downstream of acetic acid was in full supply, but the downstream gas purchases were poor and the overall weak operation. The PTA market offered less in the week and slightly weakened.

International: This week, the North American acetic acid market is strongly affected by the price of raw material methanol, which is now around 585 US dollars per ton in a week; the Asian acetic acid market, which is affected by high start-up and inventory levels and low demand, has weakened sharply in a week, with the current quotation of US$390-450 per ton; and the European acetic acid market demand is stable, which is currently around 695 Euros per ton.

3. Future Market Forecast

Acetic acid analysts believe that the domestic acetic acid price has fallen to a low level, some downstream users and traders began to copy the bottom. As a result of the continuous price decline and the upstream methanol market remains strong, acetic acid has approached the cost price, and production enterprises have introduced maintenance plans, which are expected to stabilize the acetic acid Market in the short term.