Price Trend

On July 26, the TDI commodity index was 72.66, unchanged from yesterday, down 70.70% from the cycle peak of 248.02 points (2016-10-19), and up 20.76% from the lowest point of 60.17 on February 22, 2016. (Note: Period refers to 2011-09-01 to date).

II. Market Analysis

Product: According to statistics, the price trend of TDI in East China market is temporarily stable. The price of TDI in East China market is 13733.33 yuan/ton as of 26. The market of TDI in East China is on the strong side, and the overall atmosphere of the venue is slightly increased. However, the following-up is still depressed, the mindset of the operators is divergent, and the high and low quotations coexist. Domestic goods with tickets out of the warehouse offer reference 13500-13700 yuan/ton, Shanghai goods with tickets out of the warehouse offer reference 13700-13900 yuan/ton, a single talk, mainly practical negotiations.

Industry chain: Upstream toluene, compared with the previous trading day, Sinopec’s enterprises today’s toluene listing price unchanged. Shandong Geotechnical Refining Company’s listing price was lowered by about 50 yuan/ton today. Traders today quoted a steady price, East China quoted about 5480 yuan / ton; nitric acid, the market demand is still acceptable, the market is temporarily stable.

Industry: There are slight differences in the mindset of the on-site traders. The offer is rising steadily and interacting with each other. The atmosphere of inquiry and trading is still light, and the follow-up is not smooth. However, with the announcement of Basf’s listing, the mindset of the traders has become stronger and the stage of supply-demand game is in progress.

III. Price Forecast

TDI business analysts believe that the short-term domestic TDI market is stable and relatively strong, focusing on factory information surface guidance.

Price Trend

This week, the domestic PS market quotation is mainly stable, the market turnover is flat, the buying mentality is confused, mostly wait-and-see mood. At present, the latest GPPS mainstream quotation is 9850-10500 yuan/ton, and HIPS mainstream quotation is 10500-12000 yuan/ton.

II. Market Analysis

PS market quotation: Guangzhou Petrochemical PS factory price 525 quoted 9550 yuan/ton. Zhanjiang Sino-US PS ex-factory price, 525 quoted for 10,000 yuan/ton. CITIC Guoan PS ex-factory price, 525 quoted for 10,100 yuan/ton. The market is stable in delivery and the atmosphere is general.

3. Future Market Forecast

PS market is mainly stable. Lower downstream factories are not willing to accept goods, resulting in less actual turnover, and the market is still under downward pressure. It is expected that the PS market will move steadily on the whole and be partially consolidated.

Price Trend

According to the data from the business associations’list, propylene (Shandong) declined rapidly this week. At the beginning of the week, the average price of propylene (Shandong) was 8,175 yuan per ton. On Friday, the average price of propylene (Shandong) was 7,655 yuan per ton, with a weekly decline of 6.36%. Compared with the initial monthly price of 7669 yuan/ton, it fell by only 0.18%.

II. Analytical Review

Products: The price of propylene enterprises in Shandong started to rise in early July, after two rounds of increase of about 600 yuan/ton. Since the 13th day, the price has fallen to about 650 yuan/ton. At present, the market turnover has fallen to about 7600-7750 yuan/ton, and the mainstream price has fallen to 7600 yuan/ton, which has fallen back to the price at the beginning of July. This week, the supply of propylene in Shandong Province has loosened due to an increase in Northeast China’s supply and relatively low prices. At present, the inventory pressure of refineries is rising, and the enthusiasm of discharging warehouses is increasing, but the increase of market procurement is not large.

Industry chain: Upstream, international crude oil prices have fallen sharply this week, which has a significant negative impact on propylene. On the downstream side, the propylene oxide market also fell this week by nearly 3%, which had a bearish effect on propylene; this week, acrylic acid prices remained stable throughout the whole line, which had little impact on propylene; and this week, polypropylene futures were running at a low level, spot prices were slightly lower, or the market was dominated by weak finishing, which had no positive effect on propylene; this week, epichlorohydrin had no positive effect on propylene. The market continued to soar, the weekly increase is still as high as 5.4%, which has a significant positive impact on propylene; butyl octanol market slightly declined this week, which has a negative impact on propylene market.

3. Future Market Forecast

Propylene analysts from Business Society Chemical Branch believe that: in general, the recent downturn in international crude oil is obvious, the spot market of polypropylene is relatively flat, the prices of propylene oxide and butyl octanol have declined, the market of acrylic acid is flat, the market of epichlorohydrin is still rising, some refineries are reworked, the inventory pressure of refineries has increased, and purchasing is relatively high. The price of propylene is expected to decline in the near future.

Price trends:

According to statistics, this week’s domestic ex-factory price of p-xylene showed a temporary steady trend, with an average weekend price of 7,000 yuan/ton, a temporary steady trend compared with the price of 7,000 yuan/ton at the beginning of the week, down 7.89% year-on-year.

II. Market analysis:

Products: This week, the domestic market price trend of p-xylene is stable, the domestic PX start-up rate maintains more than 70%, Huizhou refining and chemical plant runs steadily, Fuhaichuang plant starts a line, Pengzhou Petrochemical plant runs steadily, Yangtze Petrochemical PX plant runs normally, Jinling Petrochemical plant runs smoothly, Qingdao Lidong plant runs at full load, Qi Luzhou Petrochemical Unit runs steadily, Urumqi Petrochemical Unit starts about 50%, Hengli Petrochemical Unit runs normally, domestic p-xylene supply is normal, recent international crude oil prices rise, domestic market price trend of p-xylene is temporarily stable. The opening rate of p-xylene plant in Asia is more than 70% this week. The supply of PX in Asia is normal. The price of PX external market rose this week. By the end of the weekend, the closing price of P-xylene market in Asia was US$869-871/ton FOB Korea and US$888-890/ton CFR China. Over 50% of domestic products need to be imported. The closing price of PX external market was US$888-890/ton CFR China. The rise has brought some benefits to the domestic market, and the price trend of the domestic PX market is temporarily stable.

Industry Chain: Domestic crude oil prices closed higher this week. As of November 11, US WTI crude oil futures price was $60.20 per barrel, Brent crude oil August futures price was $66.52 per barrel. This week, crude oil closing price rose slightly, which has a certain cost support role for downstream petrochemical products. PX market price trend is temporarily stable. This week, the downstream PTA market price trend slightly declined. This week, the decline was 0.82%. By the end of the weekend, the East China PTA market talks were around 6550-6650 yuan. The upstream raw material PX market price trend was stable. This week, the PTA plant start-up rate maintained about 90%, while the downstream polyester plant start-up rate was about 88%, and the textile start-up rate in Jiangsu and Zhejiang provinces maintained 75%. About, downstream PTA and polyester products start-up rate maintained high, PTA price decline has a negative effect on the market price of p-xylene, the market price trend of p-xylene is temporarily stable.

Industry: This week, the textile industry has been in a turbulent trend. The textile industry has maintained a high start-up rate. Crude oil prices have risen slightly. The raw material PX market is stable.

3. Future market forecast:

Chen Ling, an analyst with business association PX, believes that crude oil prices have risen recently, but PTA market prices have slightly declined, downstream textile industry start-up rate has not changed much, domestic PX market supply is normal, and the price of PX market is expected to remain volatile next week.

Price data:

According to the monitoring data of the business associations’list, the domestic bromine market continued to decline this week, and the overall supply of bromine in the industry was sufficient. At the beginning of the week, the average bromine price was about 32285 yuan/ton. At the end of the week, it fell to about 32071 yuan/ton. Within the week, it fell by 0.66%, which was 13.96% higher than the same period last year.

II. Cause Analysis

This week, the domestic bromide Market is abundant, and the industry has started to work at a high level. However, the downstream market has gradually entered the off-season, the demand for bromide is weak, and the contradiction between supply and demand in the industry has become increasingly prominent. In the production of some enterprises, such as Dongyue Fine Chemical Industry, Shandong Haihua, Shandong Haiwang Chemical Industry and Tianjin Changlu Haijing, the daily output of about 5 tons, 15 tons, etc. At present, the mainstream quotation of enterprises is about 31500-32000 yuan/ton, and some of the real orders are on the low side.

Industry chain: Bromine upstream industry in this week’s rise and fall are different: sulfur market fell 2.08% in a week, the current quotation is about 943 yuan/ton; caustic soda market operated steadily in a week, and the current quotation is about 695 yuan/ton; soda market operated steadily in a week, and the current quotation is about 1643 yuan/ton; sulfuric acid price rose 3.37% in a week, and the current quotation is about 230 yuan./ About a ton. At present, the downstream bromine flame retardant industry is in the off-season, the overall demand is flat, bromine prices support bad, pharmaceutical and agricultural intermediates and other industries can still buy.

3. Future Market Forecast

Business bromine industry analysts believe that the domestic bromine market production is booming, the industry as a whole started at a high level, but the downstream market just needs to weaken, bromine prices can not play a supporting role, the contradiction between supply and demand in the market is gradually emerging, enterprises in order to prevent inventory backlog, enterprises began to reduce prices to ship. It is expected that bromine prices will decline weakly in the near future.

Price Trend

According to data from business associations, the market of DMF was stable this week. The average price of DMF this week was 4566.67 yuan/ton, and the current price fell 32.51% compared with last year.

II. Market Analysis

Products: DMF market is stable this week, mainstream manufacturers in East China quoted 4600-4725 yuan/ton, mainstream manufacturers in Guangdong at 4800 yuan/ton. The 120,000-ton/year DMF device stopped for overhaul on the evening of July 2. The overhaul time is about 17 days. The 30,000-ton/year device stopped for overhaul on June 13. The overhaul time is about 25 days. DMF has sufficient inventory and stable price.

Industry chain: The upstream methanol market was affected by macro and port inventory. The price at the beginning of the week was 2178.00 yuan/ton, and at the end of the week was 2160.00 yuan/ton, a decline of 0.81%. Domestic slurry manufacturer equipment start-up rate is general, maintain just need to purchase, DMF price is stable.

3. Future Market Forecast

Upstream methanol market has been declining recently, downstream demand is general, so business associations DMF product analysts believe that short-term DMF market is mainly weak consolidation.

Price Trend

According to a large number of data monitored by business associations, narrow fluctuations in mainstream domestic styrene prices have steadily increased this week. According to data from business associations, the prices of sample enterprises were 8816.67 yuan/ton on Monday (July 01), 9016.67 yuan/ton on Friday (July 05), an increase of 2.27%, and a decrease of 16.77% over the same period last year.

II. Market Analysis

Products:

This week, the market price of styrene is narrow and the market supply is general. On July 1, East China Styrene closed at around 8800 yuan/ton, and on July 5, East China Styrene closed at 9000 yuan/ton, up by about 200 yuan/ton. That’s Zhangjiagang’s canning price. On July 1, South China Styrene closed at 8,900 yuan/ton for delivery, and on July 5, South China Styrene closed at 9,200 yuan/ton for delivery, up 300 yuan/ton for delivery at above factories. This week, the market price of styrene fell after rising. The market supply situation is general. The stock of styrene in the mainstream reservoir area of East China declined continuously for three weeks. Domestic supply shortage decreased dramatically, and the high-end price fell slightly near the weekend. This week, the oil market continued to fall, and the impact on styrene was mostly negative. Domestic styrene prices fell after rising. Recently, the market has been profitable in both holding and production links, but there is no support after the rapid rise, and the market has fallen back and consolidated.

Industry chain:

Upstream crude oil market continued to weaken this week, peripheral information is weak, lack of effective guidance, ethylene fell slightly, pure benzene rose, styrene production cost support is limited. Downstream enterprises, temporarily maintaining just demand, wait-and-see majority, continue to bear the dual pressure of cost and terminal sales, start-up rate decline more or less, from the overall start-up rate level, still maintain low demand-oriented. The supply and demand deadlock is difficult to break, and the market lacks strong support.

3. Prospects for the Later Period

Styrene analysts believe that in the current market situation, the upstream cost price is temporarily stable, the downstream terminal digestion pressure, the market supply and demand stalemate is difficult to change, while the downstream price is driven by styrene, the demand side has not improved. There is no strong support for the whole Styrene Market and it is expected that the price of styrene will remain narrow next week.

On June 30, the phthalic anhydride commodity index was 55.47, unchanged from yesterday, down 53.83% from the cyclical peak of 120.13 points (2012-02-28), and up 14.56% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

In recent years, domestic phthalic anhydride market price trend has been temporarily stable, the market price of phthalic anhydride in East China has rebounded, downstream factories have just needed to purchase, factory inventory is still under pressure, high-end transactions have been blocked, the mainstream of on-site neighbouring source negotiations is 5600-5800 yuan/ton, the mainstream of naphthalene source negotiations is 5300-5400 yuan/ton; the mainstream price of phthalic anhydride market in North China is 5600-5700 yuan/ton, and the market price is slightly higher. The price of phthalic anhydride plant in China is stable, the spot supply of phthalic anhydride is normal, and the price trend of phthalic anhydride is temporarily stable.

In recent years, the domestic price of phthalic anhydride upstream product Sinopec o-phthalic acid is 5900 yuan/ton. The import market of o-phthalic anhydride in port area is temporarily stable, and the quotation is stable. In recent years, the market of o-phthalic anhydride in port is general, and the port stock is low. Upstream raw materials mixed xylene price shocks, phthalic turnover is general, port phthalic inventory is low, phthalic external quotation is low, import phthalic cost shocks, the actual transaction price is detailed, upstream price trend remains low, phthalic anhydride market price rise is limited. Downstream DOP raw material phthalic anhydride price rises, isooctanol price rises, DOP cost rises. DOP price shocks are higher, DOP downstream demand is general, customer purchasing enthusiasm is general, downstream PVC market shocks are stable, DOP market mainstream transaction price is around 7250 yuan/ton, DOP downward pressure is weakened, there is a certain upward momentum, the market price of phthalic anhydride is expected to rise slightly later.

Market Review

According to the monitoring data of business associations, the price of dichloromethane in Shandong Province rose steadily this week. The average price of dichloromethane in Shandong Province was 3210 yuan/ton at the beginning of the week and 3240 yuan/ton at the end of the week, with an increase of 0.93% in the week.

quotations analysis

Products: On Tuesday, the spot supply of chloromethane market is still tight. Most of the downstream markets are just in need. Dichloromethane enterprises have raised their quotations slightly, and their shipments are smooth. At present, the quotation of bulk water remittance in Shandong is about 3240 yuan/ton, 3500-3700 yuan/ton in Jiangsu and 3550 yuan/ton in Jiangxi. In terms of start-up, at present, Jinling Chemical Plant is working normally; Dongying Jinmao Stop Overhaul; Luxi Chemical Plant is 60%; Jiangsu Science and Culture Plant is working normally; Jiangxi Science and Culture Plant is running normally, etc.

Industry chain: upstream, natural gas market shocks upward, market trading is flat, the market average price at the beginning of the week is 3356 yuan/ton, the weekend average price is 3386 yuan/ton, a weekly increase of 0.89%; liquid chlorine market is stable in the week, soft, enterprises reported 200-400 yuan/ton. The domestic R410a market has been shaken and adjusted. The downstream market of refrigerants has just been in demand. The trading atmosphere of the market is still acceptable, and the demand of the pharmaceutical and film industries is still good.

Future Market Forecast

Business Club methane chloride data analysts believe that the current spot supply of dichloromethane is still acceptable, the overall performance of the market is strong, the downstream market just needs to be stable, the price of dichloromethane support is good, follow-up needs to pay attention to Jinmao Shandong overhaul situation, the completion of enterprise overhaul will gradually increase the supply of dichloromethane, its price is bound to have some. Falling back, it is expected that the market of dichloromethane will be shaken and adjusted in the near future.

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.

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.

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.

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.