1、 Price trend

According to the data of the trade agency’s bulk list, the trend of decline of pure benzene in this month is fluctuating, and the decline in this month is obvious. On August 1, the price was 8650-8950 yuan / ton (the average price was 8784 yuan / ton); On August 29, the price was 7350-7750 yuan / ton (the average price was 7492 yuan / ton), down 14.7% this month and 0.9% compared with the same period last year.

2、 Analysis and comment

This month, the pure benzene market was covered with bad news, and the price continued to fall. In terms of cost, crude oil fluctuated widely this month, and the trend of cost is unstable, which is difficult to support the price of pure benzene. In terms of supply, since the middle of this month, many pure benzene plants have been restarted one after another, and the domestic supply has increased significantly. After the superposition, it is expected that a large amount of pure benzene production capacity will be put into production, and the market mentality will be suppressed. In terms of ports, the inventory of pure benzene in East China ports was low at the beginning of this month, and there was still speculation in the domestic market and the port inventory was tight. However, with the closing of the Asian American arbitrage window, the Asian pure benzene flows to China, the import cargo of pure benzene increases, the port inventory accumulates, and the mentality of supporting prices weakens. Demand side: due to the high price of pure benzene and the average profit level of the downstream, the production of most commodities in the downstream is at a loss, the economic shutdown and load reduction devices are increased, and the demand for pure benzene is weakened.

This month, Sinopec’s pure benzene price was lowered six times, a total of 1350 yuan / ton to 7500 yuan / ton.

In terms of crude oil, the early crude oil market was very negative, the market was worried about the global economic recession, and the crude oil fell. In the later period, the market was more favorable, and the OPEC + production reduction was expected to increase, so the oil price recovered. During the month, crude oil played a long and short game, and the price fluctuated widely. As of August 29, Brent fell by 4.92 USD / barrel, or 4.47%; WTI fell by US $1.61/barrel, or 1.63%.

In terms of external trading, Asian pure benzene fell sharply in external trading this month. On August 29, the reference price of pure benzene in the Korean market was 898 US dollars / ton, down by 170 US dollars / ton, or 15.92%; East China imported pure benzene of 912 US dollars / ton, down 169 US dollars / ton, down 15.63%.

On the downstream side, styrene: this month, styrene fell. At the beginning of the month, the production price in Shandong was 9621 yuan / ton, and at the end of the month, the price was 8775 yuan / ton, down 8.8% this month and up 2.33% over the same period last year.

Aniline: aniline fell continuously this month and rebounded slightly near the end of the month. At the beginning of the month, the price was 11137.5 yuan / ton; At the end of the month, the price was 10050 yuan / ton. The average price of aniline in this month was 9.76% lower than that at the beginning of the month, and 8.64% lower than that in the same period of last year.

3、 Future forecast

On the cost side (crude oil), first of all, the supply side is still tight, and OPEC + may face the bottleneck of increasing production in the later stage. However, the results of negotiations on resuming the Iran nuclear agreement will affect the market supply of crude oil. Second, there are still large risks on the demand side, and the market is still worried about economic recession. In the future, the crude oil market will continue to play a long and short game, and the economic recession risk and epidemic factors will still be the biggest constraints on oil prices. In the future, we will continue to pay attention to the geopolitical situation, the latest OPEC + production capacity policy, the US crude oil and refined oil storage dynamics, the global economic situation and other impacts on crude oil prices.

The influence of crude oil is weakened, and supply and demand are the main factors affecting the trend of short-term pure benzene. In the future, there will still be an increase in the import of pure benzene at the port, and new production capacity will be put into production in the domestic market. The pressure on the supply side will be prominent. However, the drop in the price of pure benzene will stimulate the recovery of downstream demand, and pure benzene may rebound at the bottom. In general, pure benzene may fall first and then rise in September. Continue to pay attention to the impact of the international crude oil market, the external market, the dynamics of pure benzene and downstream units, and the demand side changes on the price of pure benzene.

This week, the domestic propane market price rose steadily, and the Shandong market rose steadily. According to the data monitoring of business agency, the average price of propane in Shandong market was 5745.75 yuan / ton on August 22 and 5835.75 yuan / ton on August 29, with an increase of 1.57% in the week and 15.73% compared with the same period last year.

As of August 29, the mainstream prices of propane in different regions in China are as follows:

Region. August 29

In South China, 5600-5700 yuan / ton

North China, 5750-5850 yuan / ton

Shandong Province, 5800-5870 yuan / ton

Northeast China, 5800-5950 yuan / ton

This week, the domestic propane market price is strong, and the propane Market in Shandong rises first and then stabilizes. During the week, the international crude oil market mainly rose, and the cost brought some support to the market. On the demand side, although the current terminal demand is still relatively weak, the downstream mentality is better, the market entry is more positive, and the market trading atmosphere has improved. In terms of supply, there is no pressure on the supply side of the Shandong market at present. The inventory of the manufacturers is mostly controllable and the mentality is relatively firm.

In August 2022, Saudi Aramco announced that both propylene and butane fell. Propane was US $670 / T, down US $55 / T from the previous month; Butane is 660 US dollars / ton, down 65 US dollars / ton from last month.

At present, the overall price of the propane Market in Shandong is relatively strong, and the quotation is mostly maintained in the range of 5800-5900 yuan / ton. In terms of cost, the international crude oil price has brought certain support, and the upstream inventory is mostly in a controllable state. The mentality of the manufacturers is relatively firm, and there is an expectation of improvement in the later demand. It is expected that the propane market may still rise in the short term.

According to the monitoring of the business agency, the price trend of domestic anhydrous hydrofluoric acid increased slightly this week. By the end of the week, the market price of hydrofluoric acid was 10780 yuan / ton, up 0.09% from the price of 10770 yuan / ton at the beginning of the week, up 6.21% year on year.

This week, the price trend of domestic hydrofluoric acid has increased slightly. Up to now, the mainstream price of hydrofluoric acid negotiated in various regions in China is 10100-10500 yuan / ton. The quotations of some manufacturers are higher than the market price. The actual transaction market in the market this week is mainly stable. The domestic spot supply of hydrofluoric acid is normal in the near future, and the market price of hydrofluoric acid has not changed much.

Recently, the domestic spot supply of hydrofluoric acid in the field is relatively normal. Some hydrofluoric acid units in the field are still in shutdown. The price of fluorite, the upstream raw material of hydrofluoric acid, is rising. So far, the mainstream of hydrofluoric acid negotiation in the south is 10100-10500 yuan / ton, and the price of hydrofluoric acid in the north market is 10000-10400 yuan / ton. The price of domestic sulfuric acid has dropped recently, and the supply of hydrofluoric acid has been relatively tight due to the recent restricted movies. As a result, the market price of hydrofluoric acid has increased slightly, and the downstream construction has maintained a low level. However, the on-site procurement is general, the transaction is limited, and the market price of hydrofluoric acid is mainly stable. As for the export of hydrofluoric acid, due to the influence of quality and packaging, the export price is higher than the domestic price, and the export price of hydrofluoric acid is in the range of 11000-11500 yuan / ton.

The market price trend of hydrofluoric acid raw material fluorite is temporarily stable. As of the end of the week, the domestic fluorite price was 2768.75 yuan / ton. The price is stable this week. Recently, there are many orders in the market. Due to the tight supply of raw ore, the spot in the market is slightly tight. The price trend of fluorite in the market is temporarily stable. In addition, the export of fluorite has increased. The domestic fluorite price remains high this week. Up to now, the mainstream of domestic fluorite negotiation is 2700-2800 yuan / ton, the price of raw fluorite is rising, and the price of hydrofluoric acid is slightly higher.

This week, the market of downstream refrigerant products is temporarily stable, the operating rate of the refrigerant industry in the field remains low, and the recent sales of the automobile industry is general. However, the production of refrigerant manufacturers is general, the refrigerant market is stable, and the demand is mainly based on demand purchase, and the refrigerant industry market changes little. As a whole, the refrigerant market remains at a low level, the price of chloroform fluctuates in a narrow range, and the cost of the refrigerant industry changes little. At present, the price trend of refrigerant R22 is temporarily stable. The major refrigerant mainstream manufacturers are still operating at a low level. The market supply is normal, but the demand is general. The demand of R22 market application field increases, and the enterprise quotation is temporarily stable. Up to now, the R22 market quotation is in the range of 17000-19000 yuan / ton. The domestic R134a price trend increased slightly, the trichloroethylene price remained low, the cost support was still in place, the R134a market price increased slightly, and the trading focus was still low. At present, the market price of R134a is in the range of 23000-26000 yuan / ton, the high price transaction is weak, the market sentiment is poor, the actual transactions of enterprises are mostly profitable, and the downstream refrigerant market is slightly rising. As a result, the price of hydrofluoric acid is slightly higher.

From the industrial chain diagram, raw materials in the fluorine chemical industry have been supported, and the price of raw materials fluorite has increased slightly, but the price of sulfuric acid raw materials has dropped, and the market of downstream refrigerant products has increased slightly. However, some domestic hydrofluoric acid units have not been started recently, and the market of downstream refrigerant industry has an upward trend. In addition, the spot supply of hydrofluoric acid is tight. Chen Ling, an analyst of the business community, believes that the market price of hydrofluoric acid may rise slightly.

According to the data monitoring of business agency, as of August 25, 2022, the average ex factory price of domestic butanone market was referenced at 8400 yuan / ton, which was 133 yuan / ton lower than the price on August 1 (reference price of butanone was 8533 yuan / ton), a decrease of 1.56%.

It can be seen from the data monitoring chart of the business agency that since August (8.1-8.25), the domestic butanone market has been rising and falling. In the first ten days of August, the center of gravity of the butanone market was moving downward as a whole. Affected by the flat downstream demand, the trading atmosphere in the butanone market was cold and the confidence of the operators was depressed. The market price of butanone was adjusted downward one after another. As of August 9, the market price of butanone was near 7800 yuan / ton. Subsequently, the supply and demand performance of butanone market showed a stalemate, and the market was weak in consolidation. At the end of August, the market price of carbon four end after raw ether continued to rise, and the cost side of butanone was supported and strengthened. On the 15th, the market price of butanone ushered in a steady callback. On the 22nd, the market price of butanone was near 8000-8500 yuan / ton, with an increase of 3.36% in seven days. Near the end of the month, with the support of the continuous high rise of raw materials, the market center of butanone continued to rise. As of August 25, the market price of butanone was around 8300-8600 yuan / ton, and the high-end price was around 8800 yuan / ton. At present, the trading atmosphere of butanone is general, and the demand is mainly based on demand.

On the upstream side, since August (8.1-8.24), the domestic liquefied gas civil market in Shandong has been rising first and then falling. According to the data monitoring of the business association, on August 24, the reference price of liquefied natural gas was 6274 yuan / ton, a decrease of 3.77% compared with that on August 1 (6520 yuan / ton).

Post market analysis of butanone

At present, the domestic butanone operating rate is still low, but the release performance of the demand side is general, so the support of the supply side is generally general. The butanone datagrapher of the business society believes that in the short term, the domestic butanone market will adjust and operate in multiple intervals. Restricted by the demand side, the continuous action force of the butanone market is still limited, and the specific trend in the future needs to pay more attention to the changes in the supply and demand side.

According to the monitoring of business agency, the natural rubber commodity index on August 24 was 35.97, down 0.11 points from yesterday, down 64.03% from the highest point of 100.00 points in the cycle (2011-09-01), and up 31.85% from the lowest point of 27.28 points on April 2, 2020. (Note: the period refers to September 1, 2011 to now)

Figure 2: natural rubber mainstream price trend from August 2022 to now

According to the monitoring of business agency, the market of domestic natural rubber (standard 1) in East China market has been continuously fluctuating slightly since the end of August. On the 11th, the mainstream price in East China market was about 12110 yuan / ton, and on the 24th, the main price was 12130 yuan / ton, a slight increase of 0.17%. Among them, the highest point of the price in the stage is 12192 yuan / ton on the 17th, and the lowest point is 12060 yuan / ton on the 19th. The maximum amplitude is only 1.08%. According to the data of business agency, the mainstream spot price of natural rubber in East China (Hainan Island) on July 24 was 12130 yuan / ton, down 0.30% from the previous trading day, down 7.76% year-on-year, only 1.85% higher than the lowest price of the year (11910 yuan / ton on July 22). Currently, it is still in the low valley of the annual market.

Figure 3: trend chart of international mainstream crude oil prices in recent March of 2022

Macro: on August 23, international crude oil futures rose sharply. The settlement price of the main contract of WTI crude oil futures in the United States was US $93.74/barrel, up US $3.38 or 3.7%; The settlement price of the main contract of Brent crude oil futures was US $100.22/barrel, up US $3.74 or 3.9%. During the Iran nuclear negotiations, the expectation of Iranian oil returning to the international market and the risk of economic recession provide a basis for the change of OPEC + production control policy of oil producing countries. It is reported that the production reduction of OPEC + led by Saudi Arabia may be implemented simultaneously with the lifting of the Iranian oil embargo..

Figure 4: Weekly K-bar chart of natural rubber market in 2022

Industrial analysis: on the macro level, the international crude oil futures rose by nearly 4% on the 23rd, and China’s central bank cut interest rates, which boosted the investment market. On the supply side, at present, the domestic and foreign markets are in the seasonal peak season of glue production. It is reported that the export price of Thai glue is low, the output of domestic production areas is relatively normal, and the market fluctuates in a small range. At the import and export end, in July, China’s imports of natural rubber (including latex and mixed rubber) increased by more than 10% on a month on month basis, with an obvious increase in arrival. On the inventory side, as of last Friday (19), the rubber inventory of the exchange rose by nearly 500 tons. On the demand side, the inventory of finished tire products continued to be high, and the export and domestic sales volume decreased. In addition, under the influence of the current high temperature and extreme weather, the power supply was limited in many places. The operating rate of tire enterprises dropped significantly, and the overall operation of the industry was limited.

Recent hot spots: 1. According to the latest July report released by ANRPC, the global natural rubber production in July is expected to increase by 3.9% to 1.283 million tons, an increase of 15.5% over the previous month; The consumption of natural rubber is expected to increase by 8% to 1.266 million tons, an increase of 5.1% over the previous month. The report points out that despite concerns about China’s economic slowdown, the government has introduced a number of measures, including the central bank’s interest rate cut, to stimulate the economy to recover from the blockade and the deterioration of the real estate crisis. China’s car sales improved further in July, thanks to lower purchase taxes and incentives for electric vehicles.

2. According to the news from Thailand on August 23, the rubber price in Thailand continued to drop, especially the latex price has dropped to 43 baht per kilogram, which makes rubber farmers worry about whether they will face a rubber price crisis of 100 baht per kilogram, which will aggravate the pain of rubber farmers. Since the beginning of this month, the local rubber price has dropped by about 3 baht every day, resulting in the price of fresh latex being 40-43 baht per kilogram, while the price of broken rubber is 20 baht per kilogram, which is unacceptable to rubber farmers. Because it has greatly aggravated the suffering of rubber farmers, with the price of daily necessities and all kinds of food rising, the cost of living has risen, and many families’ income can not make ends meet.

3. According to the latest data released by the National Bureau of statistics, in July 2022, China’s rubber tire output was 74.799 million, with a year-on-year increase of 2.5%. From January to July, the output of rubber tire casing decreased by 6.1% over the same period of the previous year to 49243.4 million pieces.

4. According to the latest data released by the National Bureau of statistics, in July 2022, China’s synthetic rubber output was 675000 tons, a year-on-year decrease of 1.9%. From January to July, the cumulative output of synthetic rubber was 4.542 million tons, a year-on-year decrease of 4.1%.

5. On August 11, China Association of automobile industry (hereinafter referred to as “China Association of automobile industry”) released the latest data. In July, the national automobile production and sales reached 2.455 million and 2.42 million respectively, with a month on month decrease of 1.8% and 3.3%, and a year-on-year increase of 31.5% and 29.7%. Purchase tax reduction and other promotion fee policies have an obvious effect on automobile consumption.

Future forecast: in the near future, the macro market has a certain driving effect. From the perspective of industry, the high temperature weather has an obvious and continuous effect on the start-up of enterprises. Although the automobile promotion policy has a promoting effect on the market, the future Tianjiao will still maintain a small range of fluctuations in the case of strong supply and weak demand and no obvious improvement in downstream demand.

This week, DOP prices fluctuated and rose

According to the data monitoring of the business agency, as of August 23, the DOP price was 9050 yuan / ton, up by 0.42% compared with the DOP price of 9012.50 yuan / ton on August 15 at the beginning of the week. On August 22, the DOP commodity index was 65.30, down 0.45 points from yesterday, down 42.45% from the highest point 113.46 in the cycle (2021-08-04), and up 58.76% from the lowest point 41.13 on April 7, 2020. (Note: the period refers to September 1, 2011 to now). The industrial chain starts at a low level, and the DOP price fluctuates and rises this week.

Operation of plasticizer enterprises with high temperature and electricity limitation decreased

Affected by high temperature and drought, factories in Sichuan and Chongqing have been shut down continuously. On August 21, Sichuan launched the first level emergency response of energy supply guarantee for emergencies, and Sichuan Province extended the deadline for limiting power supply and stopping production to 24:00 on August 25.. Hubei, Jiangsu, Anhui, Chongqing, Zhejiang and Shanghai all have different power limitation measures. Due to the impact of the restricted film, the operating rate of enterprises and end users in Jiangsu and Zhejiang decreased, and the operating rate of plasticizer enterprises was as low as 40%.

Adjustment of raw material price fluctuation

According to the price monitoring of the business agency, the price of isooctanol rose first and then fell. As of August 23, the price of isooctanol was 8266.67 yuan / ton, which was lower than the price of 8300 yuan / ton on August 15 at the beginning of last week. The high-level power supply is limited, the production of isooctanol enterprises is increased, and the start-up of isooctanol enterprises is decreased. However, compared with the start-up of downstream DOP enterprises, the supply of isooctanol is relatively sufficient, the price of isooctanol fluctuates and falls, and the cost of DOP is reduced. The pressure of future decline still exists.

According to the price monitoring of the business agency, the price of phthalic anhydride fluctuated and rose this week, and the market of phthalic anhydride was strongly adjusted. As of August 23, the price of phthalic anhydride was 8100 yuan / ton, up 0.47% from 8062.50 yuan / ton on August 15 at the beginning of the week. This week, the price of phthalic anhydride increased, the cost of DOP raw materials increased, and the driving force for the rise of DOP still exists.

This week, PVC prices fluctuated and fell

According to the price monitoring of the business agency, the PVC price fluctuated and fell this week. As of August 23, the PVC price was 6482.86 yuan / ton, down 0.52% from the PVC price of 6516.67 yuan / ton on August 15 at the beginning of the week. Affected by the high temperature, power and production were limited in some areas, and the operating rate of PVC enterprises decreased. Although the PVC price rebounded for a short time, the overall PVC fundamentals still lacked the support of rising, and the demand for DOP was weak. In the future, the upward momentum of DOP was weakened and the downward pressure was increased.

Future market expectation

According to the DOP data analyst of business agency, due to the impact of high temperature limit, many places have stopped production and reduced production, the start of plasticizer industry chain has decreased, and the demand for plasticizer is weak; The price of raw material isooctanol rises first and then falls, the price of phthalic anhydride rises slightly, and the cost of plasticizer DOP rises first and then falls. In the future, the rising support of DOP can not be sustained, the demand of DOP is weak and the cost is falling, the pressure of DOP decline is increased, and it is expected that the price of DOP will fluctuate and fall in the future.

1、 Price data

According to the data of the trade agency’s bulk list, the price of petroleum coke from local refiners fell slightly this week. On August 21, the average price of Shandong market was 4039.00 yuan / ton, down 1.52% from the price of 4062.50 yuan / ton on August 15.

On August 21, the petroleum coke commodity index was 314.15, which was the same as yesterday, down 23.13% from the highest point 408.70 in the cycle (May 11, 2022), and up 369.65% from the lowest point 66.89 on March 28, 2016. (Note: the period refers to September 30, 2012 to now)

2、 Analysis of influencing factors

This week, the price of petroleum coke in the refinery rose and fell. The shipment of the refinery slowed down, the transaction was general, and the downstream purchase was mainly based on demand.

Upstream: the international crude oil price fluctuates. On the one hand, the pessimistic view of the recent economic recession dominates the market, and the economic data are generally weak, which once again raises the market’s concern about the global economic recession. In addition, the market is waiting for the results of the negotiations on the resumption of the Iranian nuclear agreement, and the supply tension is expected to ease, which makes the international oil price under pressure. Previously, the market focus was mainly on the results of the OPEC + ministerial meeting. Finally, the Joint Ministerial Supervision Committee (jmmc) decided to increase production by 100000 barrels / day in September. This increase in production is significantly smaller than the previous 648000 barrels, which is the smallest increase in the history of the institution. Although the increase in production this time is small, equivalent to about 0.1% of the global oil demand, OPEC + actually reserves more room for increase in production. Finally, according to the estimation of the International Energy Agency (IEA), within six months after the resumption of the Iran nuclear agreement, Iran is expected to increase the additional capacity of about 1.3 million barrels / day. This is also a reversal of the market’s view on supply tightening, and the trend of international oil prices has declined.

Downstream: the calcined coke price remained stable as a whole this week; The market price of metal silicon has risen sharply; The price of electrolytic aluminum in the downstream rose, and as of August 21, the price was 18433.33 yuan / ton; Downstream carbon enterprises mostly hold a wait-and-see attitude and mainly purchase on demand.

The petroleum coke analyst of Business Association believes that: the international crude oil fluctuated this week, and the cost support of petroleum coke is limited; Downstream carbon enterprises mostly hold a wait-and-see attitude, mainly purchasing on demand, and the shipment of petroleum coke from refineries slows down. It is expected that the price of locally refined petroleum coke will be mainly adjusted in the near future.

According to statistics, the domestic ammonium nitrate market price trend this week declined. As of the end of the week, the ammonium nitrate market price was 4200 yuan / ton, down 4.11% from the price of 4380 yuan / ton at the beginning of the week, up 18.31% year-on-year.

This week, the domestic ammonium nitrate market price trend declined, the domestic ammonium nitrate manufacturers’ devices operated stably, the supply of goods on the site was normal recently, the goods on the site were generally transported, the manufacturer’s inventory was not high, and the liquid ammonia price at the upstream of the terminal fell slightly. In addition, the nitric acid price trend declined, and the ammonium nitrate price fell. In the near future, the shipment market of ammonium nitrate manufacturers is normal, and the downstream is purchasing on demand. In the near future, the demand for nitro compound fertilizer in the downstream is normal. However, the domestic downstream civil explosive industry has come to an end, and the demand for ammonium nitrate has decreased. The domestic ammonium nitrate manufacturers have not started high, and the price of ammonium nitrate has dropped recently. Up to now, the negotiation mainstream in Shaanxi is 4800-5200 yuan / ton, the negotiation mainstream in Shandong is 4000-4200 yuan / ton, and the price in Hebei is 4200-4300 yuan / ton.

This week, the price trend of domestic concentrated nitric acid declined. By the end of the week, the average price of domestic nitric acid was 2400 yuan / ton, down 5.26% from 2533.33 yuan / ton at the beginning of the week. Ningxia Runxia energy chemical offers 2350 yuan / ton; Anhui Jinhe offers 2550 yuan / ton. Recently, the operation of domestic nitric acid plants is stable, the supply of concentrated nitric acid market is normal, and the delivery of goods on the site is improved. Recently, the price trend of nitric acid on the site has dropped slightly, and the price drop of raw nitric acid is unfavorable to the ammonium nitrate Market, and the price trend of ammonium nitrate Market has declined.

The price of upstream liquid ammonia dropped slightly this week. As of the end of the week, the price of liquid ammonia was 3750 yuan / ton, down 1.23% from the price of 3796.67 yuan / ton at the beginning of the week. The market trend of liquid ammonia in the domestic liquid ammonia market has declined, and some manufacturers have lowered their prices. Shandong, Shanxi, Hebei, Henan, Hubei and other regions have dropped to varying degrees. The weekly decline is about 50 yuan / ton. The market performance is still weak, some dealers sell goods at a profit, and the prices of most large factories in Shandong stabilize. At present, the supply pressure in this area is not high, the pressure of large factories’ inventory is relieved, the self consumption is increased, the export volume is reduced, the downstream demand is just needed to support, the urea price remains weak, and the mainstream price in the field is 3650-3800 yuan / ton. The decline of the upstream liquid ammonia price has a certain negative impact on the ammonium nitrate Market, and the market price trend of ammonium nitrate has declined.

Recently, the demand of the downstream civil explosive industry has come to an end. The market demand for ammonium nitrate has weakened, and the market price of liquid ammonia has dropped slightly. In addition, the trend of nitric acid price has dropped. The spot supply of ammonium nitrate is normal, and the demand has not improved significantly. The ammonium nitrate analysts of the business community believe that the market price of ammonium nitrate may decline slightly in the later period.

According to the data of the bulk list of business community, as of August 18, the average price of epichlorohydrin enterprises was 11133.33 yuan / ton, down 0.30% compared with the price on Monday (August 15), down 10.09% compared with the price on July 18, and down 40.25% year-on-year in a three-month cycle.

Recently (August 15-18), the quotation of epichlorohydrin enterprises fell first and then rose. Recently, the price of raw material propylene has dropped slightly. The raw material glycerin is mainly stable, and the cost is still supported. At the beginning of the week, the market supply is sufficient, but the downstream demand has not been significantly improved. The atmosphere of inquiry and purchase is general, and the carrier’s shipment is under pressure. The market price has dropped. With the slight improvement of the enthusiasm of downstream inquiry and market entry, the price of some enterprises increased on the 18th, and the market wait-and-see atmosphere is still strong.

According to the data monitoring of the business agency, the reference price of propylene in the upstream was 7050.60 on August 17, a decrease of 4.06% compared with August 1 (7348.60).

For downstream epoxy resin, on August 17, the benchmark price of epoxy resin in business community was 18062.50 yuan / ton, up 2.92% compared with August 1 (17550.00 yuan / ton).

The epichlorohydrin analyst of business club believes that at present, the support of the cost side still exists, the downstream just needs to follow up, and the market mentality is slightly improved. However, the downstream purchasing mentality is still cautious. It is expected that the epichlorohydrin market will mainly wait and see in the short term, and more attention should be paid to market information and guidance.

According to the data monitored by the business agency, as of August 17, the average price of domestic premium DMF enterprises was 10800.00 yuan / ton, and the DMF price was mainly stable. Compared with the price at the beginning of the week, there was no significant change. In the short term, the DMF market was mainly stable.

As of August 8, the domestic DMF price has been running smoothly. At present, the mainstream price range is 11000 yuan / ton. The transaction atmosphere is fair, the negotiation atmosphere is positive, the manufacturer’s shipment is smooth, and the downstream just needs to purchase, and the logistics is smooth.

Upstream methanol: as of the end of July, the domestic methanol market had a slight upward trend, but the momentum was insufficient and the upward trend was weak. The main reasons are the following two aspects: first, the cost has dropped significantly, and the chemical coal at the pit mouth has become soft; On the other hand, demand continued to be weak and market confidence was insufficient.

Chemical commodity index: on August 16, the chemical index was 952 points, down 4 points from yesterday, down 32.00% from the highest point 1400 points (October 23, 2021) in the cycle, and up 59.20% from the lowest point 598 points on April 8, 2020. (Note: the period refers to December 1, 2011 to now)

DMF analysts of business agency believe that in the short term, the DMF market will mainly operate smoothly, and the price range is 10800 yuan / ton. (if you want to know more about the latest market trends of the industrial chain, please pay attention to the official account of the business association to obtain commodity information and master commodity prices).