The price of orthobenzene rose sharply after the festival

According to the price trend chart of orthobenzene in business society, the price of orthobenzene rose sharply after the festival. As of February 11, the price of orthobenzene was 7800 yuan / ton, up 9.86% from 7100 yuan / ton on February 1 at the beginning of the month. Affected by the sharp rise of crude oil, the cost of orthobenzene rose and the market of orthobenzene rose.

Price rise of raw material mixed xylene

According to the trend chart of mixed xylene in business society, the price of mixed xylene fell after a sharp rise this week, with an increase of 16%. Affected by the sharp rise in crude oil prices during the Spring Festival, the price of mixed xylene fluctuated and rose, the cost of o-xylene rose, and the driving force of o-xylene rose.

The price of downstream phthalic anhydride fluctuated and rose

As can be seen from the price trend chart of phthalic anhydride in business society, the price of phthalic anhydride stabilized after the rise after the festival. As of February 11, the price of phthalic anhydride was 8525 yuan / ton, up 7.54% from 7925 yuan / ton on February 1 at the beginning of the month. After the festival, the price of phthalic anhydride rises, the demand for phthalic anhydride is temporarily stable, the price of phthalic anhydride is stable in the future, the downstream market is strong and stable, the demand for o-xylene is temporarily stable, and the rising power of o-xylene still exists.

Outlook

Affected by the sharp rise in crude oil prices, the price of raw material mixed xylene rose after the festival, the price of phthalic anhydride stabilized, and the positive downstream market still exists. Overall, the cost of o-xylene is rising, the demand is good, and the driving force of o-xylene is increasing. It is expected that the price of o-xylene will be strongly adjusted in the future.

1、 Price trend

2、 Market analysis

According to the data of business agency, the domestic potassium sulfate Market generally rose in early February, and the spot price increased to a certain extent. As of February 10, the average price of domestic potassium sulfate 50 particle sample was 4200 yuan / ton, up or down by + 1.61% compared with the average price at the beginning of the month.

After the festival, the domestic potash fertilizer market has warmed up and the performance is acceptable. At present, the supply of domestic potash fertilizer manufacturers is still relatively high, and the supply of potash fertilizer in the domestic market is still relatively limited. The operating rate of processing potassium sulfate enterprises continues to be low, the domestic operating rate fluctuates slightly below 50%, and the spot supply of potassium sulfate also remains slightly tight. At present, there is a benefit on the cost side. In addition, after early winter storage, traders’ supply of goods has been consumed. At present, the on-site trading has warmed up, and the merchants’ mentality is positive.

3、 Future forecast

The potassium sulfate analyst of business agency believes that the domestic potassium sulfate market rose in early February, and the market of potassium chloride fluctuated at a high level. At present, the cost support of domestic potassium sulfate is OK, and the follow-up on the demand side is general. It is expected that the price of domestic potassium sulfate may continue to rise in the short term.

According to the monitoring data of business society, as of February 9, 2022, the average ex factory price of domestic industrial grade dimethyl carbonate is 9000 yuan / ton. Compared with the price on February 1, 2022 (the reference price of dimethyl carbonate is 9933 yuan / ton), the average price is reduced by 933 yuan / ton, a decrease of 9.40%.

It can be seen from the data monitoring chart of business agency that during the Spring Festival holiday, the domestic dimethyl carbonate market was mainly sorted out, and the performance in the venue was quiet. After the Spring Festival, dimethyl carbonate plants in Shandong began to operate one after another, and the on-site supply increased as a whole. There was basically a certain supply pressure in all factories. The downstream demand side opened slowly, and the replenishment performance after the festival was general. The on-site trading atmosphere was relatively cold, and the factory inventory gradually accumulated. On the 9th, most domestic dimethyl carbonate factories opened to make a substantial profit, Reduce the ex factory price of dimethyl carbonate by about 1000 yuan / ton. The ex factory price of dimethyl carbonate in China is around 8800-9200 yuan / ton, and the average price is 9000 yuan / ton, with a decrease of 9.4% after the festival. At present, the downstream procurement is still cautious, the wait-and-see atmosphere is strong, and the overall market is weak.

In terms of upstream propylene oxide, after the Spring Festival holiday, the domestic propylene oxide market generally rose. After the festival, the downstream demand side successively resumed work and production. In the middle and downstream, just in need of replenishment was maintained, and the on-site trading atmosphere was acceptable. According to the data monitoring of business society, the reference price of propylene oxide was 11366.67 yuan / ton on February 9, up 0.59% compared with February 1 (11300 yuan / ton).

Future trend analysis

At present, the domestic downstream operating rate of dimethyl carbonate is low after the festival. The demand side support is insufficient. The business society’s Dimethyl Carbonate data division believes that in the short term, the domestic dimethyl carbonate market is weak and mainly adjusted in a narrow range, and the specific trend needs to pay more attention to the news changes on the supply and demand side.

1、 Price trend

As can be seen from the above figure, the domestic market price of neopentyl glycol rose sharply this month. The average price of domestic mainstream market price of neopentyl glycol rose from 13333.33 yuan / ton at the beginning of the month to 16647.33 yuan / ton at the end of the month, up 3314 yuan / ton, or 24.86%.

2、 Market analysis

The quotation of mainstream manufacturers of neopentyl glycol rose sharply this month: the distribution price of Shanghai Qihua Wanhua neopentyl glycol at the end of the month was 17000 yuan / ton, an increase of 3500 yuan / ton compared with the beginning of the month; The selling price of Jinan aochen Wanhua neopentyl glycol at the end of the month was 17800 yuan / ton, which increased by 4800 yuan / ton compared with the beginning of the month; The selling price of Shandong Zhiying Jihua neopentyl glycol at the end of the month was 15142 yuan / ton, which was 1642 yuan / ton higher than that at the beginning of the month

From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price rose sharply this month. The quotation first rose from 9733.33 yuan / ton on January 1 to 17166.67 yuan / ton on January 11, up 7433.34 yuan / ton, up 76.37%, then fell to 13300.00 yuan / ton on January 25, down 22.52%, and finally rose to 15400.00 yuan / ton on January 31, up 15.79%. Overall, the isobutyraldehyde market rose first, then fell and then rose this month, with an increase of 58.22% for the whole month. The market price of upstream raw materials rose sharply, which had a positive impact on the price of neopentyl glycol due to the impact of supply and demand.

3、 Future forecast

In the middle and early days of February, the overall trend of neopentyl glycol market may rise slightly. The upstream isobutyraldehyde market rose sharply, the cost support was strengthened, the downstream coating market was general, and the downstream procurement enthusiasm was weak. Analysts of neopentyl glycol of business society believe that the short-term neopentyl glycol market may rise slightly under the influence of supply and demand and raw materials.

Price dynamics: on February 7, Sinopec North China: Qilu Petrochemical offered 8050 yuan / ton;

East China: the quotation of Yangzi Petrochemical is 8100 yuan / ton;

South China: the quotation of Hainan refining and chemical industry is 8100 yuan / ton;

Central China: the quotation of Wuhan ethylene is 8100 yuan / ton;

Others: Dongming Petrochemical offers 8200 yuan / ton, HSBC Petrochemical 8100 yuan / ton, Jincheng Petrochemical 8330 yuan / ton, Weilian chemical 8303 yuan / ton, Xinhai Petrochemical 8300 yuan / ton and Hongrun petrochemical 8450 yuan / ton.

Analysis and comments: in terms of crude oil, the number of active oil rigs in the United States this week was 497, an increase of 2 month on month and 198 year-on-year, according to the data released by Baker Hughes on the 4th. The market is worried that the severe cold weather in the United States may lead to the interruption of oil supply, adding to the geopolitical tension, and the international oil price continues to rise.

During the Spring Festival, crude oil rose broadly, driving the general rise of bulk commodities; In addition, the lower reaches of Shandong Province are actively purchasing, the shipment of enterprises is smooth, the price is pushed up, and pure benzene welcomes the “good start”. Today, the price of Sinopec pure benzene increased by 400 yuan / ton to 8100 yuan / ton, and the bottom support strengthened. Today, the price of domestic pure benzene is 8050-8450 yuan / ton.