Price trend

From the above figure, the comprehensive hydrochloric acid price in Shandong Province is temporarily stable this week, with the quotation of 223.33 yuan / ton, down 33.08% year on year compared with the same period last year. Overall, the hydrochloric acid market is temporarily stable this week, and the commodity index of hydrochloric acid on June 4 is 59.65.

quotations analysis

From the manufacturer’s quotation, the hydrochloric acid market quotation this week is stable temporarily, the overall market is general. The price of Dezhou Shihua hydrochloric acid is 450 yuan / ton, and the price is stable temporarily; The weekly quotation of hydrochloric acid from Wenshui is 230 yuan / ton, which is stable compared with that at the beginning of the week; The weekend price of Jinan Yuanfei hydrochloric acid is 300 yuan / ton, which is stable compared with that at the beginning of the week; The weekly price of mehua hydrochloric acid in Dezhou is 140 yuan / ton, which is stable compared with that at the beginning of the week.

From the upstream and downstream industrial chain, the upstream liquid chlorine market is generally in general, which has weak support for hydrochloric acid, while the high price consolidation of the downstream ammonium chloride market has a positive impact on hydrochloric acid. It is still a big problem that hydrochloric acid is difficult to ship.

Post market forecast

The recent market of upstream liquid chlorine is general, and the market of ammonium chloride in the downstream is rising slightly. Analysts at business agency think hydrochloric acid has been mainly subject to a small shock in the near future.

Trade name: sulfuric acid

Latest price (June 7): 540.00 yuan / ton

On June 7, the price of sulfuric acid Market in Shandong increased by 23.33 yuan / ton, or 4.52%, compared with the quotation on June 4. From the perspective of the upstream and downstream industry chain, the sulfur market in the upstream has been rising step by step recently, and the cost support is good. Moreover, the bromine market in the downstream is also rising steadily, which has a positive impact on the price of sulfuric acid.

Recently, the price of sulfuric acid Market in Shandong may rise slightly, and the quoted price is about 550 yuan / ton.

1、 Price trend

According to the monitoring data of business news agency, the price of caustic soda went up. At the beginning of the week, the average price of Shandong market was about 500 yuan / ton, and at the end of the week, the average price was 530 yuan / ton, up 6%, 6.53% compared with the same period last year. The commodity index of caustic soda on June 3 was 75.18, up 1.08 points from yesterday, down 63.66% from 206.87 points (November 14, 2017), the highest point in the cycle, and up 15.47% from 65.11 points, the lowest point on October 9, 2020（ Note: period refers to the period from September 1, 2011 to now

2、 Market analysis

The price of caustic soda went up this week. The price of caustic soda in Shandong Province is relatively strong. At present, the mainstream ex factory price of 32% caustic soda is 510-570 yuan / ton. The downstream demand was slightly better than before, and the price of purchasing liquid caustic soda from downstream alumina increased. It is expected that caustic soda will be mainly used in the subsequent finishing operation. In Hebei area, the market of caustic soda mainly fluctuates in a narrow range. At present, the mainstream ex factory price of 32% caustic soda is 470-650 yuan / ton. It is expected that caustic soda will continue to be consolidated in the future.

Downstream: due to the low alumina caustic soda inventory and strong market demand, caustic soda manufacturers are actively shipping, and the trading atmosphere is acceptable. There was a good demand for caustic soda, which had a positive impact on the market. The delivery of caustic soda was smoother than before, and the price went up.

According to the price monitoring of business association, in the price fluctuation list of chlor alkali industry in the 21st week of 2021 (5.24-5.28), there was one commodity rising, three commodities falling, and one commodity falling to zero. The main commodities rising were caustic soda (4.26%); The main commodities falling were calcium carbide (- 2.93%), hydrochloric acid (- 2.85%) and PVC (- 0.41%). This week’s average rise or fall was – 0.39%.

Business analysts believe that in the near future, due to the inventory demand of alumina enterprises in Shandong, the market demand is stronger than before. But now the overall inventory of caustic soda enterprises is sufficient, and other areas mainly wait and see. It is expected that caustic soda will continue to be consolidated and operated in the future, depending on the downstream market demand.

As of May 30, the average 180CST price of domestic fuel oil was 4675.00 yuan / ton (including tax), down 0.27% from 4687.50 yuan / ton on May 17, according to the data of business news agency.

On May 30, the BPI of the commodity price index was 1047 points, which was the same as yesterday. Compared with the highest point 1069 points (2021-05-13) in the cycle, it decreased by 2.06%, and increased by 58.64% compared with the lowest point 660 points on February 3, 2016（ Note: period refers to the period from December 1, 2011 to now

The decline of domestic marine oil raw materials has limited support for fuel oil 180CST. According to the business news agency, as of May 30, the 180 CST self provided low sulfur price quotation for fuel oil in Zhoushan area was 4600 yuan / ton, and the 120 CST self provided low sulfur price quotation for fuel oil was 4700 yuan / ton; The price of 180 CST self provided low sulfur fuel oil in Shanghai is 4700 yuan / ton, and that of 120 CST self provided low sulfur fuel oil is 4800 yuan / ton.

The international oil price rose sharply, and the US Iran negotiation process still affected the market sentiment. However, due to the storm in the Gulf of Mexico, which may lead to the closure of oil fields, and the disagreement on Iran’s lifting sanctions negotiations, the international oil price rose for a time.

Singapore’s fuel oil inventory decreased, supporting the price of fuel oil. It is understood that Singapore’s enterprise development board (ESG): in the week ending May 26, Singapore’s fuel oil inventory decreased by 2.085 million barrels to a two month low of 22.875 million barrels.

Future forecast: business community energy analysts believe that fuel oil 180CST price is basically stable in the near future, market trading is light, terminal shipping demand is weak, downstream purchasing enthusiasm is not high, mainly purchasing on demand, and rising resistance is large. Business enthusiasm for raw material procurement is not high, market turnover is low, and fuel oil 180CST market is expected to be stable in the near future.

Recent trend of sulfuric acid price

As can be seen from the above figure, the sales price of sulfuric acid in Shandong Province fell this week, and the quotation fell from 536.67 yuan / ton at the beginning of the week to 520.00 yuan / ton at the weekend, down 3.11%, up 76.27% compared with the same period last year. Overall, the sulfuric acid market fell this week, with the sulfuric acid commodity index of 80.93 on May 28.

Downstream market is depressed, and purchasing willingness is not strong

From the manufacturer’s quotation, the main sulfuric acid manufacturers in Shandong Province fell this week, with the general inventory of manufacturers, and the downstream demand weakened. Heze river source quoted 550 yuan / ton at the weekend, which was 50 yuan / ton lower than that at the beginning of the week; Zouping Tianlu offered 360 yuan / ton this weekend, which is stable compared with the beginning of the week; Jinan Yuanfei quoted 650 yuan / ton, which is stable compared with that at the beginning of the week.

From the upstream and downstream industrial chain, the upstream sulfur market has risen slightly in the near future, with better cost support. The downstream isopropanol and hydrofluoric acid market has declined sharply, which has a negative effect on the sulfuric acid price as a whole.

Weak and stable operation of the rear Market

In early June, the sulfuric acid Market in Shandong Province was mainly down or slightly volatile. The upstream sulfur price has risen slightly in recent years, but the downstream market is poor, the downstream is generally active in the procurement of sulfuric acid, and the product trend is down under the contradiction between supply and demand. The sulfuric acid analysts of business agency think that the short-term Shandong market is mainly affected by supply and demand and raw materials, and the sulfuric acid market or a small fluctuation mainly falls.

In May, PE trend was weak, and the three varieties in spot dropped to different extent. The high pressure drop is the most obvious, with a continuous decline in the month, and the price falls below RMB 10000; Linear and low-pressure months are both rising first and then falling. The market trading and investment atmosphere is light, and businesses follow the market, and prices follow the decline. The following is a detailed view:

According to the data of business agency, the average factory price of LLDPE (7042) in East China was 8400.00 yuan / ton on May 1, 8100.00 yuan / ton on May 31, and 3.57% in the month, and the overall price rose 21.80% compared with the same period last year.

According to the data of business society, the average factory price of LDPE (2426h) in East China was 11075.00 yuan / ton on May 1, 9825.00 yuan / ton on May 31, and 11.29% in the month, and the overall price rose 30.13% compared with the same period last year.

According to the data of business agency, the average factory price of HDPE (5000S) in East China was 9016.67 yuan / ton on May 1, the average price on May 31 was 9000.00 yuan / ton, and the average price fell by 0.18% in the month, and the overall price rose 25.58% compared with the same period last year.

In the first ten days of May, PE three spot markets rose and fell, of which only the high-pressure market had a short decline at the beginning of the month, followed by stability, and the low-pressure and linear markets increased to varying degrees. In the first ten days, the international crude oil was the main actor, the bulk goods rose intensively, the linear futures market was open and high-level operation, which raised the confidence of the industry to some extent, and the market investment atmosphere improved. Petrochemical enterprises raised the factory price slightly, and the merchants followed the increase in the offer. Under the guidance of favorable factors, the high pressure falling space is limited, and the linear and low-pressure trend is good.

But in the late May, the market is no longer favorable, the trend of PE spot market is weak, the overall decline is mainly, and the ex factory price of petrochemical industry has also declined to some extent. LDPE was the most obvious down regulated range. As petrochemical enterprises cut down the factory price, the confidence in the market is weak, and the futures market of lianplastic has fallen, which has brought obvious pressure on the market and loose cost support. In terms of demand, due to the off-season of production of agricultural film, the linear demand is not followed up enough, and the market is in general trading atmosphere. In addition, some areas in South China have limited power, which affects the start of downstream enterprises, and there is a low expectation of raw material demand. In terms of supply, new production capacity resources have entered the market, and domestic supply has increased significantly, which also brings some profits to the market. The merchants actively ship, and make small profit to stimulate downstream market procurement, but the terminal still maintains the purchase just needed, and the market lacks good guidance.

In May, the futures of continuous plastic fell mainly, bringing some profit to the spot market. On May 31, the opening price of PE futures 2109 was 7665, the highest price was 7780, the lowest price was 7650, the closing price was 7755, the former settlement price was 7755 and the settlement price was 7720, which was the same as the previous trading day. The volume of trading was 471130, the position was 373709, and the daily position increased by-26525（ Quotation unit: yuan / ton)

At present, some areas in South China have limited electricity, which affects the start of downstream enterprises. There is a low expectation of raw material demand, and the agricultural film is in the traditional off-season production. The overall commencement rate of all industries downstream of polyethylene is lower than that of last month, and the market demand is limited. With the continuous start-up of Yanshan Petrochemical and Maoming Petrochemical Plants and the resumption of production, domestic PE supply has also brought about a lot of profits. But the positive factors are also: coal, methanol and other raw materials rose in May, which brought relative support to PE market. It is expected that the overall trend of PE spot market in June is weak, but there is limited falling space.