Price data

Domestic 93 # Gasoline Distribution Average Price Trend Chart

Average Distribution Price Trend Chart of 0# Diesel Oil in China

According to the price monitoring of business associations, the price of gasoline and diesel oil rose this week, domestic gasoline price was 6703 yuan/ton, 0.99% higher than last week’s gasoline price; domestic diesel price was 6540 yuan/ton, 1.09% higher than last week’s diesel price.

II. Analysis of Influencing Factors

Products: This week, international crude oil prices rebounded upward. At 24:00 on September 3, domestic gasoline and diesel prices increased by 115 yuan and 105 yuan per ton respectively. The market situation is good, and gasoline and diesel prices are steadily rising.

Industry Chain: The Sino-US trade war continues, and crude oil is blocked from going up in the absence of a large environment. However, Russia has declared a strict cut in production, coupled with the deterioration of the situation in the United States and Iran, the market sentiment is growing. WTI crude oil futures have risen for four consecutive days, reaching $57 per barrel. Last week, WTI and Brent crude oil futures rose by 2.18% and 0.86% respectively.

Market: the new round of reference crude oil rate of change is – 0.26%. In the main business, the pressure of the main task is low at the beginning of the month, and the willingness of each unit to reduce prices and promote gasoline is not strong. The volume of refined products has also changed from less to more. On the demand side, gasoline components, such as MTBE and alkylated oil, have been on the rise all the way due to tight supply, and gasoline prices have been relatively strong; on the diesel side, with the arrival of “Jinjiu”, outdoor engineering, infrastructure, logistics, transportation and fishing industries have been active, and downstream customers’demand for replenishment has been strong as a whole.

3. Future Market Forecast

Lu Xingjun, an analyst of refined oil in the business association, believes that there are signs of an upward trend in the international crude oil market and that Mid-Autumn prices support demand, and that refined oil market prices are expected to continue to rise.

I. Trend analysis

According to the data of business associations, this week (9.2-9.6) the domestic price of cis-butadiene rubber rose. At the beginning of the week, the price was 11075 yuan/ton, and at the end of the week, the price was 11325 yuan/ton, up 2.26%.

II. Market Analysis

Increased factory overhaul

This week, the supply of cis-butadiene rubber continued to decrease, on the one hand, manufacturers continue to parking maintenance. According to the monitoring of business associations, following the shutdown of cis-butadiene rubber plants in Lande, Dushanzi and Qixiang Tengda in Xinjiang, Zhejiang Biochemical Synthetic Material Co., Ltd., which produces 100,000 tons of cis-butadiene rubber annually, stopped again this week from September 4 and is expected to stop for about 10 days. Overall, the inventory of cis-butadiene rubber manufacturers continued to decrease compared with last week, forming a positive impact on the price of cis-butadiene rubber.

Petrochemical ex-factory price increase

This week (9.2-9.6) the ex-factory price of domestic cis-butadiene rubber petrochemical plants increased by 200 yuan/ton. As of September 6, the price of cis-butadiene rubber in CNPC Northeast Sales Company was stable. At present, the ex-warehouse price of cis-butadiene rubber in Daqing was 11,100 yuan/ton, and that of cis-butadiene rubber in Jinzhou was 11,100 yuan/ton. The price is 11150 yuan/ton, of which 50 yuan/ton is the storage fee; the price of cis-butadiene rubber of Sinopec North China Sales Company is stable. At present, Qilu Shunding offers 11100 yuan/ton, and the price of North China Reservoir increases; Yanshan Shunding offers 11020 yuan/ton, and North China Reservoir raises its price.

Raw material prices remain high

The price of butadiene, the raw material of cis-butadiene rubber, remained high. According to the monitoring of business associations, the price of raw material butadiene remained high this week, with 10,443 yuan/ton at the beginning of the week and 10,358 yuan/ton at the end of the week. The overall price of raw material butadiene fell slightly by 0.81%, still at a high level.

3. Prospects for the Future Market

Xu Xiaokun, an analyst with business associations, believes that at present, on the one hand, the high price of butadiene, the upstream raw material, together with the increase in equipment overhaul of cis-butadiene manufacturers, has formed a certain support for cis-butadiene rubber. In the later period, the market of cis-butadiene rubber will continue to show a rising trend.

Price Trend

According to the sample data monitored by business associations, the average price of domestic BDO market was 9,360 yuan/ton as of September 4, and the price was stable, down 17.89% year on year.

II. Market Analysis

Products: Domestic BDO market is weak. Raw material methanol continued to rise, cost support increased, and some factories continued to boom. Downstream market entry is cautious, long-term consumption is relatively slow, spot negotiations are relatively light, the actual single delivery is on the low-end. At present, all factories start smoothly, the operators pay more attention to Kaixiang restart time and the process of new production capacity entering the market. They are tired and go with the market.

On the market side, the BDO market in East China is weak. The overall start-up of the factory is stable and the supply of goods is abundant. Downstream just need to enter the market, the atmosphere of spot negotiations is light. The middleman looks at the market and talks with it. The BDO market in South China is weak and deadlocked. Downstream on-demand procurement, and spot bargaining sentiment is strong. All factories start work normally, the stable delivery of goods is the main business, temporarily stable offer.

Industry chain: raw materials, methanol: methanol market continued to rise. The price of Inner Mongolia has been raised twice to 1670-1680 yuan/ton, and the shipments of the manufacturers are smooth. The main products are Shandong, Hebei and other places. Mainstream prices in Guanzhong region rose to 1880-1950 yuan/ton, and inventory of main enterprises maintained a low level. Northern Shaanxi is boosted by the rising surrounding areas, with the mainstream price of 1650-1670 yuan/ton and steady turnover. With prices soaring to a high level, the methanol market is expected to rise or converge. Mainstream price stabilization is dominant.

Calcium carbide: Calcium Carbide factory price stability. Affected by Sichuan procurement, Ningxia area shipped smoothly and Wuhai area limited film sound, Shanxi and Henan area’s arrival volume decreased significantly compared with the earlier period, actively purchasing. Due to the recent inspection and repair of Shenyang Chemical Industry, the supply of goods began to circulate to North China, the number of unloaded trucks increased, and the regional uneven arrival of goods became more obvious. Now some purchasing prices in Shandong have been lowered, and it is expected that price adjustment will still occur in the near future.

3. Future Market Forecast

As far as the current market is concerned, the supply side is uncertain: Kaixiang device may be restarted and new capacity is expected to enter the market. The downstream does not show a backup atmosphere, just need to enter the market. Emphasis is placed on device dynamics, careful operation and waiting for clear message guidance. Business agency BDO analysts expect that the short-term domestic BDO market will continue to be weak and stable, paying more attention to Kaixiang driving time and downstream demand changes.

Price Trend

According to the data of the business associations’list, the domestic adipic acid market changed little this week compared with last week. The quotations of dealers remained stable, and the range of market price changes was about 50-100 yuan/ton. By the end of the weekend, the quotation is generally between 8400 and 8650 yuan/ton.

II. Analytical Review

This week, the adipic acid Market weakened, the market experienced a weak adjustment in August. At present, the market has not yet recovered. The market performance has not been able to rise or fall. The market atmosphere is slightly cold, distributors are active in delivering products. The adipic acid market has risen or fallen within 100 yuan. The market has maintained a weak fluctuation pattern. At present, the downstream market outlook is weak. The expectation mentality is heavy, the transaction is slightly deadlocked, and the merchants have room for concession.

On the supply side, the pressure of market supply is more prominent at present, and many distributors say that the stock pressure is greater, the start-up rate of the plant is higher, the stock of the market and the stock of the manufacturer have risen. This week, distributors are picking up the goods one after another, so there are also relatively low-priced sources flooding the market. There is a certain bargaining space for the products in stock and the market price. The price difference between the offer and the actual transaction remains. The quotations of distributors in North China, East China and South China have been adjusted to varying degrees. Most regions maintain a stable market.

In terms of demand, the downstream demand has not changed much compared with the previous period, and the downstream start-up rate is still slightly insufficient. The start-up rate is about 50%, which has not effectively boosted the upstream adipic acid. In terms of cost, the upstream pure benzene market is still weak, the cost side lacks favorable support, the market gradually returns to flat, and the market also enters. Inventory cycle. According to the monitoring of business associations, the reference price of East China market is about 8400-865 yuan/ton, and the price of South China is about 8450-8700 yuan/ton.

3. Future Market Forecast

The analysts of adipic acid in the chemical branch of the business association believe that the current price performance is low, the supply of adipic acid is excessive and the demand is weak. Therefore, the Business Association believes that the market of adipic acid may continue to maintain a narrow adjustment pattern in the short term.

I. Lithium hydroxide price trend:

Lithium hydroxide market prices fell in August, according to a large list of business associations. The average price quoted by domestic lithium hydroxide enterprises was 77,333.33 yuan/ton on the 1st day and 76,000 yuan/ton on the 31st day. The market fell by 1.72% in the month. In a three-month cycle, it fell 15.08% year-on-year.

II. Market analysis:

Products: The market price of lithium hydroxide fell in August. At present, the production of lithium hydroxide is gradually increasing, the overall demand is limited, the willingness of manufacturers to ship increases, and the market lacks strong favorable factors to support. Up to 31 days, Shanghai Yulun industrial grade lithium hydroxide quoted 78000 yuan/ton, Zigong Tongfarong industrial grade lithium hydroxide quoted 74000 yuan/ton, and Shanghai Oujin industrial grade lithium hydroxide quoted 76000 yuan/ton. The specific transaction price is simple and realistic.

Industry chain: In August, the price of lithium carbonate in the upstream East China market continued to show a downward trend, and the main reason for the downward trend was that there was no obvious positive trend in demand. As of August 31, the average price of industrial grade lithium carbonate in East China was 60,000 yuan/ton, with a monthly increase or decrease of -5.96%, and that of battery grade lithium carbonate in East China was 67,000 yuan/ton, with a monthly increase or decrease of -7.71%.

Industry: According to the price monitoring of business associations, in August 2019, there were 37 commodities rising annually in the chemical sector, of which 15 commodities increased by more than 5%, accounting for 17.9% of the monitored commodities in the sector; the first three commodities were hydrogen peroxide (39.93%), acetic acid (20.90%) and butadiene (14.47%). There are 39 kinds of products with a decline of more than 5%, accounting for 15.5% of the monitored products in this sector. The products with the first three declines are yellow phosphorus (-27.58%), epichlorohydrin (-23.28%) and sulfur (-19.38%). The average increase and decrease in August was 0.03%.

3. Future market forecast:

Lithium hydroxide analysts at business associations believe that the upstream price of lithium carbonate has fallen, which has a cost impact on the lithium hydroxide market. At present, the supply of lithium hydroxide Market is abundant, but the downstream consumption speed is insufficient to follow up, and the contradiction between supply and demand appears. It is expected that in the short term, the market of lithium hydroxide will be dominated by weak consolidation and operation.

Price Trend

The domestic toluene market has been in good shape this week, with a weekly increase of about 2.7%, due to the rise in crude oil upstream, the decline in port inventories and the improvement in market turnover, according to business associations’data. South China, Central China, East China and North China rose by about 100-150 yuan per ton.

II. Analytical Review

1. Products: Influenced by the rise of crude oil upstream, the decline of port stocks and the improvement of market turnover, the domestic toluene market has been in a good general trend this week. At present, the mainstream price in East China is around 5800-5850 yuan/ton. According to the feedback from traders, volume and price have risen sharply this week, compared with last week, turnover has continued to improve, and port inventory has continued to decline.

2. Industrial chain:

Upstream, crude oil prices continued to rebound this week, with spot Brent up 3%, Brent futures up 2.76%, WTI futures up 4.21%, Dubai futures down 0.2%.

Downstream, TDI, this week’s price trend is stable, trading is not strong, short-term TDI is expected to remain weak and stable trend. Compared with last week, this week’s external price is stable, FOB Korea is about $764 per ton, domestic PX price trend is stable, and short-term PX market price is expected to maintain a stable trend.

3. Future Market Forecast

Xylene analysts from Business, Social and Chemical Branch believe that next week we will continue to focus on the progress of tariff increases in Sino-US trade negotiations, and the European and American economies are worried about the expected fluctuations in demand for crude oil in the recession prospects. Overall, the toluene market is expected to move smoothly next week.