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Pure Benzene Week Outlook (June 17-June 21, 2019)

I.Price Trend

According to the data from the business associations’list, the prices of domestic pure benzene enterprises have risen in general this week by 100-250 yuan/ton. This week, the highest price of pure benzene appeared on Friday, with the price between 4580-4650 yuan/ton, an increase of about 2% compared with last week.

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II. Analytical Review

1. Products: Supported by downstream styrene interest this week, various pure benzene enterprises began to raise prices at the beginning of the week. Towards the weekend, the mentality of the pure benzene market has fallen, but the factory is still dominated by a high price mentality, and the low price supply is difficult to find.

2. Crude Oil: This week’s oil price shocks rose, a larger increase than last week’s overall, WTI oil prices rose by more than 8%. In the wake of this week’s oil price shocks due to two major factors, oversupply and tension in the Middle East, news came near the weekend that the Federal Reserve had indicated that interest rates would be cut and geopolitical tensions in the Middle East escalated, with oil prices rising rapidly.

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3. Downstream: Downstream styrene rebounded strongly last week. It is expected that the short-term start-up load will remain high, forming a favorable support for pure benzene.

4. Outside market: This week, the price of Asian pure benzene fluctuated with the oil price. Near the weekend, the price of the outside market rose, and the price gap between domestic and foreign markets widened, which supported the price of domestic pure benzene.

III. Future Market Forecast

1. Crude oil: Next week, the U.S. -Iraq issue will continue to affect oil prices, and the Fed’s interest rate cut will support the continued upward movement of international oil prices.

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2. Domestic market: Oil price or continue to rise, will increase under cost pressure.

3. Outer plate: mainly affected by the price of crude oil, will continue to follow the changes in oil prices.

Considering comprehensively, the price of pure benzene will increase slightly next week.

The adipic acid market is stable this week, and will remain deadlocked in the near future (6.10-14)

Price Trend

 

According to the data of business associations, the domestic adipic acid market has not changed much this week compared with last week. In some areas, the price of adipic acid has fallen slightly. The quotation of dealers is on the low side, with the overall decline of 0.50%. By the end of the weekend, the quotation is generally 8000-8300 yuan/ton.

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II. Analytical Review

This week, the adipic acid market price is narrow, the market is weak, the market atmosphere is slightly cold, distributors actively shipped mainly, adipic acid market than last week’s price has 50-100 yuan/ton decline, the market is gradually stalled, at present, the downstream market acceptance of high prices is also general, so that the profit margin has increased. Social inventory is still showing some pressure. Shipment strength has slightly declined compared with last week, and there is some room for negotiation.

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On the supply side, the supply scale is abundant, the plant start-up rate is high, and the inventory shows certain pressure. This week, the distributors are getting the goods one after another. The inventory of the manufacturer is at the middle and high level. The distributors have sufficient supply in hand, especially the process of inventory removal is not over. The overall supply pressure of the market is high, which leads to the strong willingness of the distributors to reduce prices and inventory removal. Therefore, the turnover is favorable. Between. Market price quotation and actual transaction still have price difference. The quotations of distributors in North China, East China and South China have been adjusted to varying degrees. Most of the districts remain weak.

In terms of demand, the downstream demand lacks substantial improvement, the downstream start-up rate is still slightly insufficient. The start-up rate is about 50%. The upstream adipic acid does not form a strong boost. The market is still in the depot cycle. In addition, the cost side also makes adipic acid show some pressure. The upstream pure benzene price continues to hover at a low level, and the downstream adipic acid yields profits due to the low cost side. It is possible. According to the monitoring of business associations, the reference price of East China market is about 8000-8200 yuan/ton, and the price of South China is generally between 8100-8300 yuan/ton.

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3. Future Market Forecast

Analysts of adipic acid in the chemical branch of business association think that the current market is stabilizing, adipic acid shows a certain supply pressure, the market inventory is gradually high, the late market or fall into a weak stage, so Business Association believes that adipic acid market is difficult to improve greatly in the short term, or maintain a weak market in the near future.

Toluene prices stopped falling and rebounded this week (June 10-14)

Price Trend

According to the data of business associations’list, the domestic toluene Market broke the ice this week, the market warmed up, the price was higher than last week, the price of enterprises was stable at the beginning of the week, and increased at the weekend. At the beginning of the week, the average price of enterprises was 4937 yuan per ton per week, and at the end of the week, the average price of enterprises was 4998 yuan per ton per week, with a weekly increase of 1.24%.

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II. Analytical Review

1. Products: Toluene market prices were stable in the early part of this week. Due to the impact of crude oil on the weekend price rise, the current market mainstream transaction price is around 5130 yuan/ton, toluene has stopped falling and rising. Spring inspection of domestic toluene factories has been completed, parking devices have been started, and the market supply has increased. Some downstream units of toluene were put into operation in July, and the demand side in June is still the reason that restricts the rise of toluene price.

2. Industrial chain:

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Upstream, crude oil, oil prices rose first and then fell this week, volatility is still large. Brent crude oil prices have been volatile in the vicinity of $60/ton for nearly half a month, and the market is very wait-and-see. Brent crude oil ranges from $60.04 to $63.29 per ton. The weekly low price appears on June 13 and the weekly amplitude is about 5.14%.

Downstream, the domestic PX start-up rate is more than 70%, more than 50% of the products need to be imported, PX external closing price remains low, domestic PX market price trend is temporarily stable; TDI market, spot delivery is slightly cold, downstream customers love futures orders, due to the abundant stock of terminal raw materials, in addition, under the environmental protection policy to control warehousing, merchants take the lead, TDI market is stable. There is no obvious improvement in overall demand, which restricts the rise of toluene Market price.

3. Future Market Forecast

The toluene analyst of Business, Social and Chemical Branch believes that in general, the toluene market is expected to remain volatile next week. Next week, the focus will be on whether US crude oil can sustain a $50/barrel rebound. It is doubtful that US crude oil lacks the continuity of a real positive rebound. Under the pressure of pessimistic expectations in the macro market, the road to a rebound in oil prices is bumpy. The downstream PX valuation is about to change month, and it is expected that the pressure of price decline will be greater. The probability of TDI stabilization next week is higher. Waiting for the guidance of factory information, the demand side is still the reason that restricts the rise of toluene price.

The hydrogen peroxide market plunged on June 10

According to the monitoring of business associations, the price of hydrogen peroxide fell sharply on June 10. The average price of 27.5% hydrogen peroxide in China was 1200 yuan/ton, which was 5.7% lower than that before the festival.

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On June 10, the terminal demand in Shandong, Hebei and other regions was poor, and prices fell sharply. Among them, Hebei Zhengyuan 1160 yuan per ton, the price fell 140 yuan per ton. Shandong Haineng quoted 1280 yuan/ton, the price fell 40 yuan/ton, Luxi quoted 1060 yuan/ton, the price fell 60 yuan/ton.

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Business Club hydrogen peroxide analysts believe that in the short term, poor demand, hydrogen peroxide Market is difficult to have room for growth.

China’s domestic phthalic anhydride market prices slightly lower in May

First, the trend of the market:

According to statistics, the price trend of phthalic anhydride continued to decline in May. At the end of the month, the price of phthalic anhydride was 6033.33 yuan.ton, down 7.89% from 6550 yuan/ton at the beginning of the month and 19.62% from the same period last year. In Shandong province, phthalic anhydride is 6000-6100 yuan per ton self-lifting, while in Jiangsu, the main stream of phthalic anhydride negotiation is 6000-6100 yuan per ton, with sufficient spot supply in the market. The naphthalene phthalic anhydride plant starts normally, and the current quotation is about 5700 yuan per ton.

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II. Market analysis:

Products: In May, the price trend of domestic phthalic anhydride market slightly declined, the opening rate of phthalic anhydride market was about 70%, the market of phthalic anhydride in East China was weak, downstream factories maintained just in need of purchasing, the inventory pressure of factories continued, high-end transactions were blocked, the mainstream of on-site neighbourhood source negotiation was 6000-6100 yuan/ton, and the mainstream of naphthalene source negotiation was 5700-5800 yuan/ton. The main market quotation is about 6000 yuan/ton, the market is weak and shocky. The quotation trend of enterprises is temporarily stable, the downstream construction is not high, the purchase on demand is the main, the wait-and-see mentality is strong, the domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride is sufficient, the market is not good, and the price trend of phthalic anhydride continues to decline.

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Industry chain: In May, the execution price of phthalic anhydride upstream phthalic anhydride Sinopec was 6200 yuan/ton, and the actual market transaction price was 6200 yuan/ton. The inventory of phthalic anhydride in East China Port was stable, and the inventory of phthalic anhydride in wharf was about 20,000 tons. The external market of phthalic anhydride declined, the cost of imported phthalic anhydride decreased, the external market of phthalic anhydride declined slightly, the upstream price declined, and the market price of phthalic anhydride continued to decline. DOP prices in the lower reaches fell in May, with a price of 7350 yuan/ton at the end of the month and a slight decrease of 8.64% in May. Recently, in the DOP market in Zhejiang, the quotation of merchants has been maintained at 7300-7400 yuan/ton, while the downstream price is at a low level. The demand for upstream phthalic anhydride is limited, and the price trend of the phthalic anhydride market has slightly declined.

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

3. Future market forecast:

Recently, the price of phthalic anhydride in the upstream has declined, and DOP prices in the downstream have declined. Demand has not improved. Phthalic anhydride analysts of business associations believe that the market price trend of phthalic anhydride in June may be low, with the price around 5900 yuan/ton.

China’s domestic phthalic anhydride market price declined on May 28

On May 27, the phthalic anhydride commodity index was 60.60, down 0.39 points from yesterday, down 49.55% from the cyclical peak of 120.13 points (2012-02-28), and up 25.15% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

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Recently, the domestic market price trend of phthalic anhydride has maintained a low level, the market of phthalic anhydride in eastern China has maintained a weak position, downstream factories have maintained just-needed procurement, factory inventory pressure has continued, high-end transactions have been blocked, the mainstream of on-site neighbouring source negotiations is 6000-6200 yuan/ton, and the mainstream of naphthalene source negotiations is 5700-5800 yuan/ton; the mainstream price of phthalic anhydride market in North China is 6000-6200 yuan/ton, and the market is The price of phthalic anhydride in China is stable, the spot supply of phthalic anhydride is normal, the market is not good, and the price of phthalic anhydride is declining.

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Recently, the executive price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, is 6400 yuan/ton. The actual transaction price in the market is 6400 yuan/ton. The quotation is declining, and the port market is general. The upstream raw material mixed xylene price fluctuation maintains stable, the turnover of phthalic acid is general, the port phthalic acid inventory is low, the quotation of phthalic acid external market is temporarily stable, the import phthalic acid cost fluctuation, the actual transaction price is discussed in detail, the upstream price trend declines, and the phthalic anhydride market price maintains weak. DOP downstream price is lower, DOP downstream demand is general, customer procurement enthusiasm is not good, DOP mainstream transaction price is about 7400 yuan/ton, DOP downstream price is still under pressure, downstream price is slightly lower, demand for upstream phthalic anhydride is limited, the market price of phthalic anhydride is slightly lower, it is expected that the market price of later phthalic anhydride will be around 6100 yuan/ton.

The market price of dry-process aluminium fluoride has been running steadily this week (5.13-5.17)

Price Trend

 

According to the data of business associations, the price of domestic dry-process aluminium fluoride market has been running steadily this week. At the beginning of the week, the average market price was 9166 yuan/ton, and at the end of the week, it was 9166 yuan/ton. The price was 0.00% higher than last week.

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II. Market Analysis

Aluminum fluoride prices remained stable this week: at present, the price of aluminium fluoride in Henan is between 8500 and 9200 yuan/ton, while that in Shandong is between 8500 and 9200 yuan/ton. Zhengzhou Zerun Energy and Chemical Co., Ltd. quoted 8500 yuan/ton of aluminium fluoride, Shandong Luzeng Chemical Co., Ltd. 11000 yuan/ton of aluminium fluoride and Henan Zhongse Dongfang Shaoxing Industrial Co., Ltd. 9500 yuan/ton of aluminium fluoride.

Industry Chain: Hydrofluoric acid price trend rose slightly this week, enterprises reflect that the current spot supply of hydrofluoric acid decreased, the recent market situation improved, some enterprises hydrofluoric acid plant start-up rate is not high, the factory price rose slightly, the recent hydrofluoric acid plant start-up rate has declined, the supply is tight, the current mainstream of hydrofluoric acid negotiations in the Southern region is 10500-11500 yuan./ The price of hydrofluoric acid in the northern market ranges from 11,000 to 11,500 yuan per ton. However, the downstream aluminium fluoride market continues to operate weakly, and the price of aluminium fluoride market has not yet got rid of the downward channel. The market price of dry-process aluminium fluoride has been running steadily this week.

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3. Future Market Forecast

Analysts of Aluminum Fluoride Industry of Business Society Chemical Branch believe that the price of upstream raw material hydrofluoric acid continues to rise, and the price of Aluminum Fluoride is expected to get rid of the downward trend next week.

This week China’s domestic n-butanol Market (5.5-5.10)

First, the price trend

According to business data, as of May 10, the average price of N-butanol is 6716.67 yuan/ton (all tax included), compared with the beginning of the week is 1.71%, the current domestic n-butanol Mainstream quote 6700-6900 yuan/ton.

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Second, the market analysis

Products: This Zhou Zhendin alcohol market price slightly reduced, low inventory, May early multi-plant N-butanol device operation Normal, its surrounding supporting butyl octanol alcohol device has parking maintenance situation.

Industrial chain: Downstream supply and demand balance, on demand replenishment.

Third, the forecast of the aftermarket Forecast: In the short term, N-butanol market stability is the main.

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April 2019 Antimony Market Shock lower

First, the price trend

April 2019 Domestic 1# Antimony ingot Market shock lower, the domestic market average price at the beginning of 45400 yuan/ton, the weekend in 43250 yuan/ton, the decline of 4.74%. The antimony commodity Index of May 1 was 60.21, the same as yesterday, down 41.16% from 102.32 at the highest point in the cycle (2012-10-16), up 28.16% from the lowest 46.98 point on December 24, 2015.

(Note: cycle refers to 2012-09-08 to date).

Second, the market analysis Upstream and downstream: by the antimony ingot market dragged down, the antimony oxide markets lower this month, the end of the month of antimony trioxide average price of 99.5% in 38500 yuan/ton, 99.8% in 39750 yuan/ton, market procurement is limited, sporadic transactions mainly, downstream wait-and-see sentiment, by the capital pressure, eager to partially ship cash, Therefore, the original high offer to reduce and close to the actual market can be sold within the price range; antimony concentrate on the downstream antimony ingot market impact, inventory digestion is slow, the end of the end of the domestic antimony sulfide concentrate (Sb≥55%) market quoted in 34000-35000 yuan/metal tons, the average price of 34500 yuan/metal tons.

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Hunan Area 50% Antimony Concentrate Market quotation range in 32500-34000 yuan/ton, the average price of 32750 yuan/ton. Domestic market: This month, antimony ingot market shock low decline in 4.74%, this month although manufacturers and traders have a price sentiment, but by the actual transaction bad pressure, downstream to the aftermarket is still bearish, buy not strong, low prices. On the supply side, the Lengshuijiang area gradually resumed construction in mid-April, but the supply did not improve significantly and the start rate was low.

End of month # High bismuth antimony ingot 42250 yuan/ton, 2# low bismuth antimony ingot 43500 yuan/ton, 1# antimony ingot 44000 yuan/ton, 0# antimony ingot 45000 yuan/ton.

Third, the outlook of the aftermarket At present, the market atmosphere is low, the field traders on the aftermarket most look down, May focus on inventory situation, if the inventory can be digested, the antimony ingot market will be partially improved.

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Price trend of domestic fluorite market in China is temporarily stable on April 28

On April 27, the fluorite commodity index was 99.47, unchanged from yesterday, down 21.98% from the peak of 127.49 points in the cycle (2019-01-03), and up 102.13% from the low of 49.21 points on December 18, 2016. (Note: Period refers to 2011-09-01 to date)

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According to statistics, the domestic fluorite price trend is temporarily stable, the average domestic fluorite price is 2835 yuan/ton as of the 28th day. Recently, the domestic fluorite plant started normally, the mine and flotation plant in the field started normally, the fluorite supply in the field was normal, and the recent downstream commodity market was general. The fluorite market purchased on demand, the fluorite market price fluctuation. In recent years, the downstream units started poorly, the fluorite spot supply in the field was normal, and the downstream terminal receiving situation was not good, which led to a slight decline in market price trend. As of the 28th, the price of 97 fluorite wet powder in Inner Mongolia is 2700-3000 yuan/ton, the mainstream of 97 fluorite wet powder negotiations in Fujian is 2600-3000 yuan/ton, the price of 97 fluorite wet powder in Henan is 2600-3000 yuan/ton, and the price of 97 fluorite wet powder in Jiangxi is 2700-3000 yuan/ton. The price trend of fluorite remains volatile.

The price trend of hydrofluoric acid in downstream fluorite market is temporarily stable. The domestic market price of hydrofluoric acid is 10550 yuan/ton as of 28 days. The price fluctuation of hydrofluoric acid market has a positive impact on the upstream fluorite market. However, the recent start-up of hydrofluoric acid plant has declined, the demand for fluorite has weakened, and the price fluctuation of fluorite has been running. 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 slightly lower. 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 quotation is general. Domestic market price trend of R134a shocks, production enterprises equipment start-up rate remains low, refrigerant market demand is general, manufacturers mainly export. But the on-site transaction price does not change much. Businessmen buy on demand. Generally speaking, the downstream industry is in a general market. In addition, the fluorite market supply is normal. Fluorite prices are stable temporarily. Business analyst Chen Ling believes that the fluorite market price may maintain a volatile trend.

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