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China’s domestic hydrofluoric acid market rose on April 24

On April 23, the hydrofluoric acid commodity index was 94.37, unchanged from yesterday, down 32.80% from the peak of 140.43 points in the cycle (2018-02-21), and up 76.10% from the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

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According to statistics, the domestic market price of hydrofluoric acid rose slightly on the 24th. Up to now, the domestic market price of hydrofluoric acid is 10483.33 yuan/ton, and the domestic start-up rate of hydrofluoric acid is less than 60%. Enterprises reflect that the supply of hydrofluoric acid on the spot has declined. Recently, the market situation of hydrofluoric acid is general. Because of the high raw material fluorite, some hydrofluoric acid manufacturers limit production and guarantee prices, the market price trend of hydrofluoric acid is general. A slight increase. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 10,000-10,500 yuan/ton, while the price of hydrofluoric acid in the northern market is 10,000-11,000 yuan/ton. Domestic hydrofluoric acid market prices rose slightly, spot supply decreased slightly, but demand was not actually good, hydrofluoric acid market prices rose.

Recent downstream refrigerant product installations started at a low level, the upstream fluorite and hydrofluoric acid demand is general, the recent downstream refrigerant trading market is general, the price of hydrofluoric acid products shocks. 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 between 18,000-18,800 yuan/ton, but the manufacturer does not have bulk water spot, mainly a small number of cylinders shipped. In addition, the actual demand side of the market has not changed much, and the delivery market has increased. The domestic market price trend of R134a is not good, the start-up rate of production enterprises remains low, the refrigerant market demand is general, and the manufacturers mainly export their products. However, the on-site transaction price does not change much. Businessmen buy on demand. Recently, due to the poor condition of goods, the price trend of hydrofluoric acid market is shaking.

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Refrigerant on-site transactions are general, refrigerant industry equipment start-up rate remains low, for upstream hydrofluoric acid market demand is normal, but the spot supply of hydrofluoric acid has decreased, Business Analyst Chen Ling believes that the hydrofluoric acid market may rise slightly.

Brief Analysis of Pure Benzene Market on April 23

Last week, the news of pure benzene market was calm. Prices were basically consolidated horizontally. Transactions failed to release. There was a strong wait-and-see atmosphere. Inventories were still in a slow downward trend. Holders’willingness to bid was strengthened.

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On Monday, the White House said that the United States would no longer grant sanctions exemptions to countries or regions currently importing Iranian oil to increase economic pressure on Iran, and that the United States would cut off Iranian crude oil exports altogether. As a result, oil prices continued to rise after the opening of the market, rising by 3% in two hours. The mood of the commodity market is good, but the overall trading atmosphere of the pure benzene market is still not improved, the trading is light, and the wait-and-see atmosphere is still strong.

It is expected that the pure benzene market will continue to be relatively rigid today.

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Propane market prices rose steadily this week (4.15-4.19)

Price Trend

The propane market continued to rise this week. At the beginning of the week, the average market price of propane was 4 540 yuan/ton, and at the end of the week it was 4 575 yuan/ton. Within the week, the price increased by 0.77%, 11.88% compared with the same period last year.

II. Analysis of Influencing Factors

Products: This week, the propane Market in China rose steadily and the trading atmosphere was good. As of April 19, propane from Dongming Petrochemical Company of Shandong Province has not been quoted for the time being. The ex-factory price of propane in Tianjin Bohai Chemical Industry Group is 4700 yuan/ton, that in Shandong Haiyou Petrochemical Group is 4600 yuan/ton, that in Shandong Huifeng Petrochemical Company is 4650 yuan/ton, that in Shandong Hengyuan Petrochemical Company is 4620 yuan/ton, and that in Shandong Binzhou Dayou Group is 4520 yuan/ton. The ex-factory price of propane in Shandong Zhonghai Fine Chemical Co., Ltd. is 4500 yuan/ton, and that in Sinopec Qingdao Refinery and Chemical Co., Ltd. is 4490 yuan/ton.

Industry chain: The domestic liquefied petroleum gas (Shandong) market shocks and falls this week. At the beginning of the week, the average price of the domestic liquefied petroleum gas market is 4,420 yuan/ton, and the average price of the weekend is 4,386.67 yuan/ton. Within the week, the decline is 0.75%, and the price is 12.35% higher than the same period last year. This week, the domestic propylene (East China) market continued to decline. At the beginning of the week, the average domestic propylene (Shandong) market price was 7231 yuan/ton, and the weekend average price was 6892 yuan/ton. Within the week, the price increased by 4.68%, which was 17.48% lower than the same period last year. Under the effect of OPEC production reduction this week, international crude oil continued to rise, boosting the liquefied petroleum gas market and propane Market mentality. This week, there are many delays in dock arrival, port imports are more tense, and prices continue to rise. Refineries have a slight advantage over wharf prices, and shipments are smoother. The expected rise of CPs in May also boosted the market. But at present, the price is at a relatively high level, the downstream mentality is conflicting, the enthusiasm for entering the market is general, more on-demand supplements.

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Industry: According to the price monitoring of business associations, in the 15th week of 2019 (4.15-4.19), there were 15 kinds of commodities rising annually in the chemical sector, of which more than 5% of the commodities rose, accounting for 4.1% of the monitored commodities in the sector; the first three commodities were hydrogen peroxide (8.75%), cyclohexanone (5.90%) and TDI (5.35%). There are 31 kinds of commodities with a decline of more than 5%, accounting for 5.5% of the monitored commodities in this sector. The products with the first three declines are epichlorohydrin (-7.69%), sulfur (-7.19%) and dichloromethane (-6.49%). Average gains and losses this week were -0.31%.

3. Future Market Forecast

Propane analysts at business associations believe that the current high import costs support the market. However, prices continue to rise, some downstream conflicts, more on-demand replenishment. Factory inventory pressure, strong mentality. It is anticipated that the adjustment of future market highs will be the main one.

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Domestic methanol market performance in China is not good (4.15-4.19)

Price Trend

According to the price monitoring of business associations, the domestic methanol market did not perform well this week. At the beginning of the week, the average domestic methanol market price was 2,388 yuan/ton, and at the end of the week it was 2,270 yuan/ton. Within the week, the price fell by 4.94%, 23.86% compared with the same period last year.

II. Market Analysis

Products: Domestic methanol overall performance is not good, the mainland market continued to decline. On the port market, with the decline of futures, it is reported that shipments arrived at port this week, and we need to be vigilant about stock accumulation. Mainland market continued to decline, downstream receipt intention is not high, environmental factors such as the impact of weak demand on the site, a partial decline of 20-60 yuan/ton. It is expected that the mainland market will be weak in the short run, while the ports will be mainly linked with futures, and attention should be paid to the changes of equipment in the main production areas.

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Industry chain: formaldehyde: raw material methanol is weak finishing, under safety supervision, formaldehyde in the lower reaches of Shandong Province has partially recovered, but the overall start-up is still low, formaldehyde Market Trading appears weak and stable. Linyi is now around 1400 yuan / ton, Zibo and its surrounding areas are maintained at 1500 – 1550 yuan / ton. Acetic acid: The domestic glacial acetic acid market is stable and soft. The stock of local enterprises in North and East China is not high, so the offer remains firm. Henan individual enterprise warehouse pressure is high, and part of the forced warehouse price is low, so the central China market is soft. Enterprise warehouse in Northwest China is under high pressure, but it is still within the acceptable range, so the offer is temporarily stable. Dimethyl ether: Dimethyl ether market trend is stable, individual small rise, the market is generally buying. Demand turned to cold, manufacturers shipment blocked warehouse pressure gradually increased, it is expected that the short-term stability as the main part of the weak possibility.

3. Future Market Forecast

Business Cooperative Viewpoint: On the positive side, domestic methanol plant centralized overhaul, especially in Inner Mongolia is very limited in saleable goods; Inner Mongolia Jiutai MTO plant is expected to restart next week; Nanjing Chengzhi Phase II, Shandong Luxi Chemical New MTO plant is expected to be put into operation in May-June. On the negative side, in traditional downstream products, besides formaldehyde, which is low in supply and high in price, the profits of production enterprises are considerable, the other dimethyl ether, MTBE and other products are on the margin of profit and loss; Iranian Kawi, Marjan and other devices are still in operation, Iranian cargo is centralized shipment in early April, and is expected to arrive at the main port of China at the end of April and early May; some downstream terminal devices are scheduled to reach the main port of China from mid-April to May. Maintenance, such as acetic acid, MTBE and other products. Influenced by weak downstream demand and poor peripheral macro-environment, methanol producers are generally pessimistic. With the gradual recovery of methanol overhaul facilities in the Mainland and Iran’s centralized arrival next week, methanol analysts in business associations expect that methanol will not improve in the short term and the market will mainly decline.

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Domestic hydrofluoric acid Market in China rose slightly on April 18

On April 17, the hydrofluoric acid commodity index was 94.15, unchanged from yesterday, down 32.96% from the peak of 140.43 points in the cycle (2018-02-21), and up 75.69% from the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

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According to statistics, the domestic market price of hydrofluoric acid rose slightly on the 18th. Up to now, the domestic market price of hydrofluoric acid is 10383.33 yuan/ton. The domestic start-up rate of hydrofluoric acid is less than 60%. Enterprises reflect that the spot supply of hydrofluoric acid has declined at present. Recently, the market situation of hydrofluoric acid is general. Due to the higher raw material fluorite, some hydrofluoric acid manufacturers limit production and guarantee prices, and the market price of hydrofluoric acid is low. A slight increase. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 10,000-10,500 yuan/ton, while the price of hydrofluoric acid in the northern market is 10,000-11,000 yuan/ton. Domestic hydrofluoric acid market prices rose slightly, spot supply decreased slightly, but demand was not actually good, hydrofluoric acid market prices rose.

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 rose slightly. 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 between 18,000-18,800 yuan/ton, but the manufacturer does not have bulk water spot, mainly a small number of cylinders shipped. In addition, the actual demand side of the market has not changed much, and the delivery market has increased. The domestic market price trend of R134a is not good, the start-up rate of production enterprises remains low, the refrigerant market demand is general, and the manufacturers mainly export their products. However, the on-site transaction price does not change much. Businessmen buy on demand. Recently, due to the poor condition of goods, the price trend of hydrofluoric acid market is shaking.

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Refrigerant on-site transactions are general, refrigerant industry equipment start-up rate remains low, for upstream hydrofluoric acid market demand is normal, but the spot supply of hydrofluoric acid has decreased, Business Analyst Chen Ling believes that the hydrofluoric acid market may rise slightly.

A Brief Analysis of Xylene Market on April 17

Internationally, Venezuela’s and Iran’s crude oil supply declined, Libya’s situation was unstable, and U.S. crude oil stocks showed a downward trend. Last night, international oil prices rebounded in both directions. The reference price of isomeric mixed xylene in the Korean market is about US$726 per ton, which is almost the same as the previous trading day.

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At home, the listing price of Sinopec’s enterprises is stable today. Xylene market inquiry is the main, the general turnover, port inventory stability, overall downstream demand is not high. Raw material factor-oriented, trader prices slightly increased, the latest offer is roughly 5700-5750 yuan/ton.

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The price of hydrogen peroxide rose this week (April 8-12)

According to the business community monitoring: hydrogen peroxide market continued to rise this week. The market average price of 27.5% hydrogen peroxide at the beginning of the week was 1067 yuan/ton, and that of 27.5% hydrogen peroxide at the end of the week was 1117 yuan/ton, up 4.68%.

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Since April, the start-up rate of hydrogen peroxide terminal plants has increased, and the demand for rigidity has increased. This week, the price of hydrogen peroxide is rising again. The price of hydrogen peroxide in Hebei has exceeded 1100 yuan/ton, while the mainstream price is 1160-1200 yuan/ton, and the price has risen by 60-100 yuan/ton. Shandong mainstream offer 1000-1100 yuan/ton, price rise 50-100 yuan/ton. Anhui mainstream offer 1200 yuan/ton, price rise 100 yuan/ton.

Business Club hydrogen peroxide analysts believe that: terminal rigid demand support, the future market of hydrogen peroxide is easy to rise and difficult to fall.

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China’s domestic phthalic anhydride market prices fell slightly this week (4.8-4.12)

First, the trend of the market:

According to statistics, the price of phthalic anhydride declined slightly this week. The price of phthalic anhydride this weekend was 6 650 yuan. ton, down 0.25% from 6 6666.67 yuan / ton at the beginning of the week and 8.67% from the same period last year. The phthalic anhydride unit in Shandong province is 6500-6700 yuan per ton self-lifting, while in Jiangsu province, the main stream of phthalic anhydride negotiation is 6700 yuan per ton, with sufficient spot supply in the market. The naphthalene phthalic anhydride unit is running normally and the current quotation is 6300-6400 yuan per ton.

2. Market analysis:

Products: In recent years, the price trend of domestic phthalic anhydride market has slightly declined, the market opening rate of phthalic anhydride is about 70%, the market of phthalic anhydride in East China is weak, the downstream factories are in need of purchasing, the inventory pressure of factories is persistent, high-end transactions are blocked, the mainstream of in-site neighbourhood source negotiations is 6500-6700 yuan/ton, and the mainstream of naphthalene source negotiations is 6300-6400 yuan/ton. Mainstream market quotation is 6400-6700 yuan/ton, the market is weak and shocks are dominant, the quotation trend of enterprises is temporarily stable, downstream construction is not high, purchasing on demand is dominant, wait-and-see mentality is strong, the domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride is sufficient, the stock situation is not good, the price trend of phthalic anhydride is slightly declining.

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Industry chain: Recently, the execution price of phthalic anhydride upstream product, Sinopec o-phthalic acid, is 6700 yuan/ton. The actual market transaction price is 6800 yuan/ton. The quotation is stable and the port supply is general. The price fluctuation of raw materials mixed xylene in the upstream of phthalic acid is stable, the turnover of phthalic acid is general, the stock of phthalic acid in the port is low, the quotation of phthalic acid is temporarily stable, the cost of imported phthalic acid is rising, the actual transaction price is discussed in detail, the upstream price trend is stable, and the market price of phthalic anhydride is slightly lower. DOP prices downstream slightly declined. Recently, in Zhejiang DOP market, merchants’quotations were maintained at 8300-8400 yuan/ton, while downstream prices were at a low level. Demand for upstream phthalic anhydride was limited, and the price trend of phthalic anhydride market declined slightly.

Industry: Recent plasticizer industry trend is general, terminal downstream demand is limited, phthalic anhydride market price trend is declining.

3. Future market forecast:

Recently, the price trend of phthalic anhydride in the upstream has not changed much. DOP prices in the downstream have declined. Phthalic anhydride analysts of business associations believe that the market price trend of phthalic anhydride may oscillate at a low level, with a price of about 6,600 yuan/ton.

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China’s Domestic Caustic Soda Price Weak Operation on April 10

Price trends:

According to the monitoring data of business associations, the trend of caustic soda is not good. As of April 10, the average price of caustic soda in Shandong market was about 696.67 yuan/ton. At present, the ex-factory price of 32% ionic soda has dropped to 630 yuan/ton. On April 9, the caustic soda commodity index was 106.47, which was the same as yesterday. It was 48.53% lower than the peak of 206.87 points in the cycle (2017-11-14), and 45.31% higher than the low of 73.27 points on March 29, 2015. (Note: Period refers to 2011-09-01 to date)

II. Market Analysis

Product: The price of caustic soda is running weakly this week. Domestic caustic soda market performance is unsatisfactory, most of the main domestic production areas have a certain downward trend in market prices, market trading atmosphere is relatively low, market participants are more bearish on the market. Influenced by the continued decline in ex-factory prices, the domestic liquid alkali market is not performing well. Demand for underground water in Guangdong and Shandong is weak, and the shipment situation of traders is not satisfactory. At present, 32% ion-exchange membrane alkali is sold at 670-710 yuan/ton in Shandong market, 900-960 yuan/ton in Guangdong market and 700-850 yuan/ton in Hebei market.

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Industry chain: Recently, the price of liquid chlorine has been raised, especially in Shandong. It receives the support from the main Liaocheng plant and some chlor-alkali plants in Southwest Shandong. The market of liquid chlorine in Shandong has risen sharply. At present, the turnover in the mainstream areas of Shandong is 500-700 yuan/ton. The demand in other areas is not good and the price is weak. Recently, the price of PVC continues to rise, coupled with the good performance of liquid chlorine market, caustic soda still has a certain profit margin, supporting caustic soda manufacturers to start work to maintain a high level. However, downstream industries such as alumina have limited demand changes and lower willingness to receive goods downstream. Caustic soda prices entangled to maintain a weak operating market.

Industry: According to the price monitoring of business associations, in the 13th week of 2019 (4.1-4.5), the price of chlor-alkali industry rose or fell by two kinds of commodities, fell by two kinds of commodities, and rose or fell by 0 kinds of commodities. The main commodities rising were PVC (2.02%) and calcium carbide (0.80%); the main commodities falling were light soda (-1.36%) and caustic soda (-1.32%). This week’s average rise and fall was 0.03%.

Business analysts believe that: the caustic soda market downstream demand situation is general, the market lacks substantive good support, the speed of enterprise goods slowed down, sales are not ideal. Domestic caustic soda market is good and scarce in fundamentals. Short-term market prices or maintain a weak market, specifically looking at the downstream market demand.

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PP Shocks in Early April

Price Trend

According to the data monitored by business associations, the PP market in the first week of April showed a small upward trend. As of April 4, the mainstream offer price of T30S by domestic producers and traders was 8883.33 yuan/ton, down 0.76% from the beginning of the month.

II. Cause Analysis

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Demand for propylene downstream has improved and business confidence has increased. At the same time, affected by the strong futures, propylene prices rose in early April; domestic PP plants increased their offer, the downstream slightly contradicted the high price, and demand follow-up was poor. Zhenhai Refining and Chemical (Sinopec East China) PP ex-factory price, drawing T30S price was 9100 yuan/ton. Jiujiang Petrochemical (Sinopec East China) PP ex-factory price, drawing T30S quoted 8800 yuan/ton. Fushun Petrochemical (CNPC East China) PP ex-factory price, drawing T30S quoted 8750 yuan/ton. Daqing Petrochemical (CNPC Northeast) PP ex-factory price, drawing T30S quoted for 8900 yuan/ton. Dalian organic PP (CNOOC Northeast) ex-factory price, drawing T30S quoted 8750 yuan/ton. Jingmen Petrochemical (Huazhong) PP ex-factory price, drawing T30S quoted 8850 yuan/ton.

3. Future Market Forecast

PP analysts believe that in early April PP market by cost support shocks slightly increased, there is resistance downstream, weak trading atmosphere, PP market is expected to continue shocks in the near future.

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