1、 Price trend

According to the price monitoring of the business agency, the selling price of sulfuric acid in Shandong Province was temporarily stable this week, with an offer of 323.33 yuan / ton, down 13.39% year on year. On the whole, the sulfuric acid market is stable this week, with the sulfuric acid commodity index of 50.32 on March 13.

2、 Market analysis

（1） Products:

This week, the price of the mainstream sulfuric acid manufacturers in Shandong is temporarily stable, with small inventory and general downstream demand. The weekend quotation of Heze Jiangyuan is 350 yuan / ton, which is temporarily stable compared with the beginning of the week; the weekend quotation of Zouping Tianlu is 170 yuan / ton, which is temporarily stable compared with the beginning of the week; the weekend quotation of Jinan Yuanfei is 450 yuan / ton, which is temporarily stable.

（2） Industrial chain:

In recent years, the domestic sulfur market has been rising steadily, which has brought certain benefits to sulfuric acid. The downstream monoammonium market has been consolidated at a high level, the market of diammonium has been at a low level, and the downstream demand is less. Sulfuric acid enterprises have more early orders, short-term operation is insufficient, and the supply is slightly tight. This week, the domestic sulfuric acid plants operated smoothly, the market supply was relatively tight, the downstream gas buying was general, and the market turnover was limited.

3、 Future forecast

In the middle of March, the sulfuric acid Market in Shandong Province was dominated by high consolidation. The price of sulfur in the upstream is rising steadily, the demand in the downstream is high, and the product trend is up under the contradiction of supply and demand. According to analysts of business and social sulfuric acid, under the influence of supply and demand and raw materials, the sulfuric acid market is dominated by high consolidation.

1、 Price trend

According to the data monitoring of the business agency, on March 13, the domestic phosphorus ore market operated stably. Based on several sample areas, the reference price of 30% grade phosphorus ore at the initial and high end was around 330-430 yuan / ton.

2、 Market analysis

Products: after the Spring Festival, affected by the public health events, the resumption of phosphate rock enterprises is slow. In March, at present, enterprises in Guizhou are resuming production one after another, the number of resuming enterprises is increasing, and the on-site supply is becoming more and more stable. In terms of price, although the mining enterprises have been shut down for a long time, the initial inventory of the enterprises is large, and the market digests the inventory after the festival. Affected by the increase of the market price of the terminal phosphate fertilizer, the market price of the phosphate ore rose slightly at the beginning of this month, and the market price of the whole week is stable. At present, in Guizhou area, 30% of the price of the phosphate ammonium car board is 330-380 yuan / ton, and the actual transaction reference is 320-330 yuan / ton. The phosphate rock of Guizhou Xinxin group is re produced. The price of 30% ammonium phosphate ore car plate is 340 yuan / ton, and the starting load of the enterprise is around 60%. The price of 28% grade raw ore of Wengfu Phosphate Ore in Guizhou is 260 yuan / ton, and the price of car plate is 320 yuan / ton. The annual ore mining volume of the enterprise is estimated to be about 9 million tons, 70% for self use, and the transaction is flexible. Sichuan area: it mainly supplies yellow phosphorus and other enterprises in the lower reaches of the province. The demand in the lower reaches is relatively weak, and the supply of ammonium phosphate ore is general. At present, the delivery price (including tax) of Mabian county with 28% grade in Sichuan is 300-320 yuan / ton. The price of Zhongyi phosphorus ore in Mabian, Sichuan Province refers to the delivery price of 26% grade phosphorus ore in Mabian County of 260 yuan / ton, 27% grade County of 290 yuan / ton, 28% grade County of 310 yuan / ton, 29% grade quotation of 340 yuan / ton. The actual transaction is mainly discussed. Yunnan area: the mining enterprises started to work at a low level, most of them digested the early inventory, and the current price of 28% grade ammonium phosphate ore in the area is 275 yuan / ton, the transportation in the field is not smooth, and the downstream procurement is restricted. The price of 28% grade ammonium phosphate ore car in Yunnan phosphate group is 275 yuan / ton; the price of 27% grade yellow phosphorus car car is 330 yuan / ton, which can be traded. Most groups of enterprises mainly produce phosphate fertilizer for their own use.

Industry chain: the yellow phosphorus market maintains weak operation, the downstream purchase price is depressed, the new orders of enterprises are not cautious, the new orders with high prices are rare, and the factory acceptance transaction of net phosphorus in Yunnan area is 17200-17300 yuan / ton. The mainstream price of phosphoric acid market is stable, with minor adjustment in some parts and poor terminal demand.

3、 Future forecast

According to the analysis of the data division of the business association, it is expected that the overall stable operation of the phosphorus ore market in the near future will be the main thing, and the fine-tuning of some areas will not be excluded.

1、 Price trend

According to the data of business agency, the ex factory price of oil glycol in North China was stable this week. On February 28, the average ex factory price of oil to glycol in North China was 4500 yuan / ton, the same as last week.

At the beginning of this week, the price of large-scale single can of ethylene glycol in East China was 4435 yuan / ton, while the price on Friday was 4315 yuan / ton, down 120 yuan / ton, down 2.71%.

2、 Analysis of influencing factors

As of February 27, the total operating rate of domestic glycol was 68.31%, basically the same as last week.

In terms of shipment, the shipment in the mainstream warehouse area of East China continued to be at a very low level last week. From last Friday to this Wednesday, the total shipment of glycol was 34100 tons, far lower than the same period last year.

As of February 27, the glycol inventory in the main reservoir area of East China was about 685500 tons, an increase of 107000 tons, or 18.50%, compared with last Thursday, and 53900 tons, or 8.53%, compared with this Monday. The East China port is expected to reach 229000 tons next week.

In terms of the unit, Tongliao gold coal’s 300000 ton / a coal to glycol unit is initially scheduled to start maintenance on March 5 and is expected to last for 15-20 days. The ethylene glycol unit of Yanshan Petrochemical Co., Ltd. is still in shutdown state, and the restart plan is postponed to the middle of March.

In the downstream, the polyester operation rate is 62.69%, which is higher than that of last week, and the weaving end operation rate is rising gradually.

3、 Analysis and prediction

Affected by the global spread of public health events, crude oil prices fell sharply from last Friday, resulting in the cost of glycol losing support.

In addition, due to the insufficient recovery of polyester production capacity in the downstream, glycol inventory consumption is slow. However, the number of ships arriving at the port continues to increase, and the accumulation of cargo becomes a real problem.

At present, the price of domestic glycol is lower than the cost, and most manufacturers have not responded to it. However, due to the low cost of foreign production, market confidence has been severely hit from the price trend of spot and futures. It is expected that in the short term, the price of glycol will hardly have the hope of recovery.

1、 Price trend

According to the data in the business club’s large list, the domestic market price of dry process aluminum fluoride remained stable this week, with the average market price at the beginning of the week of 9166 yuan / ton and at the end of the week of 9166 yuan / ton, which was the same as last week.

2、 Market analysis

This week, the price of aluminum fluoride is stable: the factory price of aluminum fluoride of Zhengzhou Tianrui Grain Technology Co., Ltd. is 8500 yuan / ton, that of Shandong LUZHENG Chemical Co., Ltd. is 9600 yuan / ton, and that of Zhengzhou Zerun Energy Chemical Co., Ltd. is 9500 yuan / ton.

Market analysis: the price trend of domestic hydrofluoric acid market has increased slightly. Up to now, the price of domestic hydrofluoric acid market is 10950 yuan / ton, and the operation rate of domestic hydrofluoric acid is more than 60%. The enterprise reflects that the supply of spot hydrofluoric acid in the site is tight at present. Due to the impact of the epidemic situation, some units have not been started, and the goods market in the hydrofluoric acid site has improved recently. Due to the general downstream demand, the hydrofluoric acid plant The price of hydrofluoric acid increased slightly. At present, the mainstream of hydrofluoric acid negotiation in the south is about 10500-11500 yuan / ton, and the price of hydrofluoric acid in the north market is 10500-11000 yuan / ton. This week, most of the aluminum fluoride manufacturers have not yet started work, and the price of aluminum fluoride has remained stable, mainly to digest inventory.

3、 Future forecast

Analysts of aluminum fluoride industry in the chemical branch of business society believe that the market price of hydrofluoric acid may continue to rise slightly as the resumption of work of enterprises around the country improves. The downstream market price of aluminum fluoride is stable as a whole, and it is expected that the market price of aluminum fluoride will rise steadily next week.

1、 Price trend:

In February 2020, the hydrogenated benzene market fell in shock. The factory price in North China was 5533.33 yuan / ton at the beginning of the month, and 5133.33 yuan / ton at the end of the month, with a monthly decline of 7.23%.

On February 28, the hydrogenated benzene commodity index was 56.66, unchanged from yesterday, down 44.46% from 102.01 (2014-01-09), the highest point in the cycle, and up 27.15% from 44.56, the lowest point on August 31, 2015. (Note: cycle refers to 2013-12-01 to now).

2、 Market analysis:

Domestic market: this month, the cost pressure of hydrobenzene enterprises is still the same. Since the first ten days of February, the operating rate of hydrobenzene enterprises has continued to rise, and the demand for crude benzene has increased slowly. However, the recent operating load of coking enterprises is only about 60% lower. In addition, due to the impact of transportation, the price of crude benzene has soared, and the coking enterprises are in a strong mood of pricing. The operating rate of downstream styrene and aniline units is still low. The overhaul in March There are many plans. Crude oil and pure benzene fell sharply, the port inventory remained at about 80000 tons, Sinopec’s listing price of pure benzene was reduced to 5350 yuan / ton at the end of the month, with low market demand and high cost pressure on hydrogenated benzene enterprises.

Industry chain: in terms of crude oil: this week, the crude oil changed the form of continuous increase last week, falling for four consecutive days, and WTI fell to the lowest point of this year. The spread of the epidemic in many countries has led to increased market worries and a pressure drop in oil prices. Brent was down 10.76% and WTI was down 11.41% compared with February 21.. Pure benzene: this week, the trading atmosphere of pure benzene was weak, crude oil and external market fell, and the support under pure benzene was insufficient. The lack of downstream shipping power and inventory accumulation further worsened the confidence of pure benzene market participants. On Wednesday, Sinopec cut the price of pure benzene by 150 yuan / ton to 5350 yuan / ton. Downstream: demand for downstream styrene is not strong, and inventory pressure is high. Friday’s price is 6700 yuan / ton, up 1.01% from last week.

3、 Trend Forecast:

At present, the general loss of hydrogenated benzene enterprises is about 300 yuan / ton, the enterprise cost pressure is prominent, the external market of pure benzene continues to decline, the downstream construction cannot be recovered in a short time, and it is expected that the hydrogenated benzene market will remain weak and stagnant.

1、 Price trend

According to the price monitoring of the business agency, the market price of asphalt is stable this week, and the price of asphalt is reported to be 3420 yuan / ton, which is the same as that of last week.

2、 Analysis of influencing factors

Product: this week, the international oil price has basically finished bottoming out, showing a shock recovery market. But at present, the asphalt market is in the off-season stage, the demand of asphalt market has not been greatly improved, the overall demand of the terminal is still poor, and the asphalt market is stable this week.

Industry chain: the impact of China’s epidemic on the international crude oil market is weakening, and China’s crude oil demand has improved. Most of the other producers except Russia support the reduction, but the EIA crude oil inventory increased by 415000 barrels in the week of February 14. This week, the international crude oil market has basically completed bottoming out, showing a shock recovery market.

Asphalt Market: the impact of China’s epidemic is gradually reduced, but the resumption of asphalt road projects is not optimistic, and the overall demand for terminals is still poor. At present, the return to work rate of asphalt terminal enterprises will gradually increase, and the growth rate of asphalt demand is relatively slow. The asphalt prices of refineries in Shandong and Hebei maintain a periodic low point; in Northeast China, although the asphalt prices fell slightly this week; in the southern market, Sinopec’s Asphalt prices have not been adjusted after the festival, and the market prices remain stable.

3、 Future forecast

Lu Xingjun, an asphalt analyst with business club, believes that: the international crude oil market is on the rise, the asphalt production cost is rising, and the asphalt prices are relatively low in all regions. With the resumption of asphalt road projects increasing, it is expected that the asphalt market price will probably push up in the near future.

1、 Price trend

The ex factory price of glycol fell this week, according to data from the business agency. On February 14, the average ex factory price of oil to glycol in North China was 4500 yuan / ton, down 4.59% from last week.

At the beginning of this week, the price of ethylene glycol single can in East China was 4375 yuan / ton, and on Friday, the price was 4340 yuan / ton, down 35 yuan / ton, down 0.8%.

2、 Analysis of influencing factors

As of February 13, the total operating rate of ethylene glycol in China was 69.95%, down 0.43% from last week, slightly down.

In terms of units, the 300000 t / a coal to ethylene glycol project of Shaanxi Weihe Binzhou Chemical Co., Ltd. has been ready for resumption at the beginning of this month; the ethylene cracking unit of Dalian Hengli Petrochemical Co., Ltd. is currently running stably, and the 900000 T / a ethylene glycol unit of phase II has been put into operation successfully.

As of February 13, the glycol inventory in the main reservoir area of East China was about 621000 tons, an increase of 23000 tons or 3.85% compared with last Thursday, and a decrease of 5000 tons or 0.8% compared with this Monday.

In the downstream, the polyester operating rate was 58.60%, down 2.5% from last week.

3、 Analysis and prediction

Due to the impact of the epidemic, the resumption of work in the downstream of glycol was slow, and the arrival of goods at the port was also delayed. According to the news, the daily delivery volume of the port this week is about 11200 tons, and the inventory and delivery are at an absolute low compared with the same period last year. At present, the terminal weaving operation rate is slowly picking up, and the crude oil price continues to rise. In the long term, the price of glycol will be supported. However, due to the gradual mass production of new domestic production capacity, the future market price has been suppressed. Glycol prices are expected to continue to fluctuate slightly in the near future.

1、 Price trend

PS market trend is generally stable. Before the festival, the downstream purchases on demand, the overall market trading performance is poor, and the pace of shipment has slowed down significantly. Price: the main quotation of GPPS is 9150-10300 yuan / ton, and that of hips is 9950-11300 yuan / ton.

2、 Market analysis

PS market situation: Zhanjiang Zhongmei PS factory price, 525 price is 8900 yuan / ton. The ex factory price of CITIC Guoan PS is 9500 yuan / ton for 525, and 9500 yuan / ton for Jiangsu saibaolong PS.

3、 Future forecast

PS market has a strong wait-and-see atmosphere, and the overall transaction atmosphere is not ideal. The factory quotation of petrochemical enterprises has been lowered individually, which may form a certain negative guidance for PS quotation of plastic city. PS market trend is expected to be weak forward.

1、 Price trend

According to a large number of business news reports, this week’s pure benzene rose after the fall, a weak shock. Last Friday, the price of pure benzene was 5500-5950 yuan / ton, and this Friday, the price of pure benzene was 5600-5950 yuan / ton, 0.17% higher than last week.

2、 Analysis and comment

1. Products: near the Spring Festival, pure benzene port inventory has accumulated. With the completion of downstream replenishment of inventory, the completion of traders’ replenishment of empty space and insufficient crude oil support, the operation of pure benzene is weak this week.

2. Crude oil: this week, oil prices fell in shock. Early in the week, the impact of tensions in the Middle East subsided, and the focus of the market turned to the impact of the surge in US oil product inventories. On Wednesday morning, the United States and China signed the first stage trade agreement, which was good for oil prices, and oil prices began to pick up. WTI fell 0.7% and Brent 3.78% compared to January 10.

3. Downstream industry: styrene price is stable this week compared with last week. Due to the downstream stock up before the festival, the shipment of aniline was smooth, and the price was increased by 1.56% compared with last week. Most of the downstream products of pure benzene are in the loss of theoretical production and lack of support for the price of pure benzene.

4. External market: the current external market pure benzene is close to the contract negotiation next month, some businesses have a strong price mentality, the overall external market price shows a small upward trend, but the support for the domestic market is weak.

3、 Future forecast

1. Crude oil: next week, affected by the signing of the first stage trade agreement between China and the United States, oil prices are expected to gradually pick up.

2. Market: Hengli Petrochemical styrene will be tested in late January, when the sales volume of pure benzene will be reduced, it will be good for pure benzene. However, the announcement of the latest Sino US trade agreement raised industry concerns about the inflow of styrene from the United States. The market price of styrene has a downside risk, which is bad for the pure benzene market.

Comprehensive consideration, it is expected that the price of pure benzene in the later period will be lower or weaker.

1、 Price trend chart of nitric acid Market

Nitric acid price curve

(photo source: Commodity analysis system of Business Club)

According to the monitoring of the business agency, the average price of nitric acid in East China this week was 1583 yuan / ton, and the offer was temporarily stable.

2、 Market analysis

Products: the price of concentrated nitric acid for individual enterprises declined, and that of Jiangsu Hongze Yinzhu Chemical Co., Ltd. was 1500 yuan / ton, with stable price; that of Anhui Jinhe was 1450 yuan / ton on Monday, with 50 yuan / ton lower than the previous price; that of Shandong helitai concentrated nitric acid was 1800 yuan / ton, with stable price temporarily. Wenshui Synthetic Chemical Co., Ltd. offers 1750 yuan / ton, which is temporarily stable; Huainan Audley chemical concentrated nitric acid offers 1500 yuan / ton, which is basically stable; nitric acid demand has not improved, and the price trend is weak.

Industry chain: liquid ammonia, the upstream raw material of nitric acid, rose 1.11% this week (1.13-17) according to the monitoring of the business society, mainly due to the slight price increase of some enterprises at the beginning of the week, mainly affected by the low ammonia volume of enterprises. Downstream aniline, the overall weak operation.

3、 Future forecast

To sum up, the nitric acid analyst of the business association predicted that the nitric acid may continue to be weak.