Price trends:

According to statistics, the price trend of domestic p-xylene factory in March dropped sharply. At the end of the month, the average price was 8,100 yuan/ton, 10% lower than that at the beginning of the month, and 8.0% higher than that at the beginning of the month.

2. Market analysis:

Products: In March, the domestic market price trend of p-xylene declined sharply. The domestic PX start-up rate was more than 70%. Fuhaichuang Aromatic Hydrocarbon Unit started a line. Pengzhou Petrochemical Unit operated steadily. Yangtze Petrochemical PX Unit operated normally. Jinling Petrochemical Unit operated smoothly. Qingdao Lidong Unit operated steadily at full load. Qilu Petrochemical Unit operated steadily. Urumqi Petrochemical Unit started about 50%. Hengli Petrochemical PX new plant has been put into operation, with a capacity of up to 4.5 million tons and a capacity of 2.25 million tons. The domestic supply of p-xylene has increased dramatically, and the domestic market price of p-xylene has fallen sharply. In March, Sinopec’s PX settlement price fell by 280 yuan/ton to 8720 yuan/ton, and Sinopec’s decline in settlement price was a big shortfall for domestic price rise of p-xylene. In March, the start-up rate of paraxylene plant in Asia was around 70%, and the supply of PX in Asia was normal. But in March, the price of PX external market fell sharply. The closing price at the end of the month was US$1024-1026/ton FOB Korea and US$1043-1045/ton CFR China, which was 30 US dollars/ton lower than the foreign price at the end of February. More than 50% of domestic products needed to be imported. The closing price of PX external market declined. Market prices fell sharply.

Industry Chain: Domestic crude oil price closed higher in March. As of 28 days, US WTI crude oil futures market price in May was 59.30 US dollars/barrel, Brent crude oil futures price in May was 67.82 US dollars/barrel. The price of crude oil closed higher, which has cost support for downstream petrochemical products, but the price of PX market was lower affected by the increase in supply. The price of PTA market in the lower reaches of China rose slightly in March. By the end of the month, the PTA market in East China had talked about 6,500-6,600 yuan. In March, PTA rose by 1.87%. The higher price of PTA market in the lower reaches is undoubtedly a good influence of the PX market. In March, the start-up rate of PTA plant maintained about 80%, while that of downstream polyester plant was about 80%. The start-up rate of textile industry in Jiangsu and Zhejiang increased. The start-up rate of downstream PTA and polyester products increased, which had a positive effect on the market price of p-xylene. However, the domestic market price of p-xylene fell sharply.

Industry: In March, the market of textile industry rose, the start rate of textile industry rose slightly, the price of crude oil remained volatile, and the market of raw material PX declined.

3. Future market forecast:

Chen Ling, an analyst with business association PX, believes that crude oil prices have remained high in the near future, PTA market prices have risen in the lower reaches, textile polyester start-up rate in the lower reaches has remained high, and domestic market supply of p-xylene has increased. PX market prices are expected to remain 8,100 yuan/ton in March.

Price Trend

According to the price monitoring of business associations, the domestic methanol market was first restrained and then increased this week. At the beginning of the week, the average domestic methanol market price was 2,420 yuan/ton. At the end of the week, it was 2,360 yuan/ton. Within the week, the price fell by 2.48%, 14.42% compared with the same period last year.

II. Market Analysis

Product: This week’s domestic methanol market first restrained and then rose: North China methanol market first fell and then rose, the overall turnover is general. Southwest methanol market fluctuation downward, the first half of the factory price generally reduced by 30-80 yuan/ton, with sudden maintenance concentration, futures up and some olefin units put into operation and many other good incentives, midweek operators actively replenish, downstream steady cooperation, Chengdu and Chongqing market focus to maintain the interval consolidation situation, Guangxi direction declines relatively large, overall rigidity is obvious. Methanol fell this week. Mainstream prices in Inner Mongolia fell by 80 yuan/ton to 2150 yuan/ton this week. Local mainstream manufacturers weakened in the first half of the week, shipments improved in the second half of the week, some factories stopped selling, local spring overhaul started one after another, and Mongolian Jiutai olefins were put into production this week, which is good support for the local market.

Industry chain: formaldehyde: formaldehyde market continues to operate steadily. The upstream methanol market has risen narrowly, the cost has formed a certain support in the face of the market, the downstream market demand has increased slightly in the near future, the market turnover is better than the earlier period, and the transaction price is stable. Acetic acid: Part of the domestic acetic acid market is exploring. Affected by the parking of alkali and the maintenance of other manufacturers, the overall start-up of domestic acetic acid plants is low, and some recent export orders have been executed one after another, which gives the suppliers confidence to report a rise. However, the domestic overall social stock is still sufficient, and the downstream acetic acid market is difficult under the condition of rational purchasing and no enthusiasm for backup and insufficient demand support. Continued to rise. Dimethyl ether: The price of dimethyl ether rose steadily and moderately, and the trading atmosphere slightly weakened. After the news of restart of Hebi dimethyl ether plant was released, the mentality of the neighbouring traders returned to wait and see, and the enthusiasm of downstream and traders to receive goods was general. Prices in Sichuan and Chongqing are relatively stable. Manufacturers produce in quantity and replenish goods on demand downstream.

3. Future Market Forecast

Business Cooperative Viewpoint: On the positive side, the Spring Festival overhaul plan has been announced one after another, and the domestic methanol plant overhaul is concentrated; in addition, the overhaul in the Middle East, Southeast Asia, the United States and other places has increased; the MTO trial production in Jiutai, Inner Mongolia, on March 20, will significantly reduce the circulation of commodities in Inner Mongolia; after the end of the two sessions, formaldehyde plants in Hebei and Shandong will be restored one after another, and start to upgrade. On the negative side, after spring, methanol continued to rise, downstream conflicting sentiment highlighted, and some terminal cost transmission was not smooth; in particular, the port olefins approached the profit and loss margin; after the northern heating season, the methanol plant from natural gas resumed and the market supply increased. Business methanol analysts expect that, although the downstream of methanol prices continue to rise, but the methanol spot circulation is not much, and spring overhaul has been launched, so the methanol market should not be too pessimistic, under the influence of downstream phased replenishment, the market will stop falling next week, with a small upward trend in some markets.

The fluorite commodity index on March 20 was 102.46, unchanged from yesterday, down 19.63% from the peak of 127.49 points in the cycle (2019-01-03), and up 108.21% from the low of 49.21 points on December 18, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, domestic fluorite prices have risen slightly, with an average price of 2,950 yuan/ton as of the 20th day. Recently, domestic fluorite plants have been operating normally, mines and flotation plants have been operating normally, the supply of fluorite in the field is normal, and the recent downstream market has improved. As for the increase of price inquiries in the fluorite market, the price trend of fluorite market has increased slightly. Recent temperature rise, the northern fluorite flotation plant start-up rate increased, but the downstream device start-up also increased accordingly, fluorite spot supply in the field is normal, terminal downstream receipt increased compared with before, resulting in a slight rise in market price trend. As of 21 th, the price of 97 fluorite wet powder in Inner Mongolia was 2800-3100 yuan/ton, that of 97 fluorite wet powder in Fujian was 2800-3100 yuan/ton, that of 97 fluorite wet powder in Henan was 2800-3100 yuan/ton, that of 97 fluorite wet powder in Jiangxi was 2900-3100 yuan/ton, and that of 97 fluorite rose slightly.

The market price of hydrofluoric acid in the downstream of fluorite is stable. The domestic market price of hydrofluoric acid is 10775 yuan/ton as of the 21st day. The price fluctuation of hydrofluoric acid market has little effect on the price of fluorite in the upstream. Recent downstream refrigerant product units started to rise, upstream fluorite and hydrofluoric acid demand has increased, the recent downstream refrigerant trading market is general, hydrofluoric acid product prices temporarily stable. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 70%, R22 refrigerant facility start-up rate is temporarily stable, the main production enterprise’s bulk water ex-factory offer price rises to 18500-19000 yuan/ton, but there is no bulk water spot in the production enterprise, mainly a small number of cylinders shipped. The actual demand side of the market has risen, and the delivery market has risen. The domestic market price of R134a is low, the start-up rate of production enterprises is 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, and recently due to the improvement of goods. Generally speaking, the downstream industry has a positive impact, together with the increase of inquiries in the fluorite market, the price of fluorite has a rising trend. Chen Ling, an analyst of business associations, believes that the price of fluorite market may rise slightly.

According to the quarterly plan issued by the Russian Ministry of Energy, it is expected that oil exports and transfers from Russia will reach 62.8 million tons in the second quarter and 61.7 million tons in the first quarter, an increase of 1.8%.

Russia has agreed to reduce production by 228,000 barrels a day in the first half of 2019 in a global agreement with OPEC at the end of 2018. In order to control global oversupply and boost oil prices, Saudi Arabia, led by OPEC, is also seriously implementing production cuts.

Ural crude oil exports from Russian Baltic ports in the second quarter will climb from 18.86 million tons in the first quarter to 19.76 million tons. According to the quarterly plan, exports of Ural and Siberian light crude oil from Novorossiisk port fell slightly to 8.2 million tons in the second quarter.

Turkmenistan, which resumed oil exports through Russia in February, received a quota of 590,000 tons of crude oil from Novorossiisk port in the Black Sea in the second quarter. In the second quarter, Azerbaijani National Petroleum Corporation will also export 330,000 tons of crude oil from Novorossiisk port.

In the second quarter, Kazakhstan will export 4.3 million tons of crude oil through Russian ports of Ust-Luga and Novorossiisk, which is below the level of 4.19 million tons in the first quarter. Russia plans to supply 4.45 million tons of crude oil to Belarus in the second quarter, down from 4.5 million tons in the first quarter.

On March 18, the ammonium nitrate commodity index was 107.02, which was the same as yesterday. It was 9.63% lower than the peak of 118.42 points in the cycle (2019-01-15), and 38.32% higher than the low of 77.37 points on October 31, 2016. (Note: Period refers to 2013-02-01 to date)

Recently, the price trend of domestic ammonium nitrate Market has maintained a low level. Affected by environmental protection control, domestic ammonium nitrate plants shut down more, and domestic ammonium nitrate plants started less. However, with the warming of the weather recently, the influence of northern air limitation disappeared. In addition, due to the complete shutdown of domestic downstream civil explosion industry, domestic ammonium nitrate manufacturers have more stockpiles and the price trend in the field has declined. As of the 14th, domestic ammonium nitrate market price negotiations in 1900-2100 yuan/ton, affected by environmental protection, so now many manufacturers in many areas are forced to limit production or stop production and maintenance to accept environmental protection inspection, the price trend of ammonium nitrate on the site is weak.

Recently, the domestic nitric acid price trend is temporarily stable, up to 19 days, the market price is 1560 yuan/ton. The stable trend of nitric acid price has little effect on the ammonium nitrate market, and the price trend of ammonium nitrate has slightly declined. The price trend of upstream raw material liquid ammonia has risen slightly, up to 19 days, the market price of liquid ammonia is 3240 yuan/ton. The rising trend of upstream raw material price has a certain positive impact on the ammonium nitrate market. Ammonium nitrate market price trend slightly lower. At the end of the peak season of the downstream civil explosion industry recently, the demand for ammonium nitrate has weakened and the stocks of ammonium nitrate manufacturers have increased, but the liquid ammonia market is on the rise again. The ammonium nitrate Market has slightly declined due to the bad market. Ammonium nitrate analysts believe that the price of raw materials in the upstream market has risen slightly in the near future, but the demand in the downstream market is not good. They expect that the market price of ammonium nitrate in the later period will decrease slightly.

Price Trend

According to the data monitoring of the business associations’list, the market of caprolactam is in a downturn this week. The average price of domestic liquid caprolactam is 14017 yuan/ton at the beginning of the week, 13717 yuan/ton at the end of the week, and the price is reduced by 300 yuan/ton, a drop of 2.14%.

II. Market Analysis

The market price of caprolactam was slightly revised back this week. The spot transaction price was 1310-13800 yuan/ton, and the price was narrowly arranged. It is understood that the focus of spot transactions is narrow and volatile, the supply of goods is tightened slightly, the pressure of manufacturers to ship is general, and the market declines gradually. At present, the price of Shandong Fangming caprolactam liquids is 13500 yuan/ton, the electricity remittance is out of the factory, the stock is low, 100,000 tons of equipment is in normal operation, the actual transaction can be negotiated; Baling Hengyi caprolactam liquids quoted 14200 yuan/ton, equipment operation, can receive new orders; Shandong Luxi chemical caprolactam liquids price is 13400 yuan/ton, cash is out of the factory, and the first and second phase units are in normal operation.

III. Industrial Chain

The price of downstream conventional spinning chips maintained a narrow fluctuation, the start-up load of manufacturers gradually increased, the demand gradually increased, the supply of lactam on demand, market inquiries are more cautious.

IV. Future Market Forecast

Business associations have been lactam analysts believe that domestic lactam has ended a good environment. With the gradual recovery of supply in the latter period, downstream replenishment demand is more rigid, and short-term market is expected to show a narrow fluctuation trend.

According to preliminary statistics released by the Customs Bureau of the Philippine Ministry of Finance, Philippine coal imports from January to December 2018 reached a record 25.22 million tons, an increase of 4.7% over the same period last year. Coal imports in January 2019 reached 1974,000 tons, an increase of 0.7% over the same period last year.

LONDON, March 12 (Reuters) – Zinc futures jumped to a seven-month high on Tuesday, helped by a shortage of supply, reduced inventories on the London Metal Exchange (LME) and expected strong demand from China.

The LME index closed 3.7% higher at $2,838 per ton in three-month period, hitting a peak of $2,840 since July 3.

Zinc has risen by about 15% so far this year.

Miners have begun to increase production of zinc concentrates, but production is insufficient to meet demand, pushing zinc stocks in LME warehouses to their lowest level in more than 10 years, and boosting the water uptake of spot zinc in recent months.

“The supply of refined zinc is still very, very tight,” said Marcus Garvey, an analyst at ICBC Standard Bank. “It may not be until next year that the situation of excess supply of refined zinc will recur.”

He also said that the recent increase in the issuance of loans and local government bonds in China indicated that demand for metals would remain stable throughout the year.

LME zinc inventory fell to 59.2 million tons, the lowest since October 2007. Between 50% and 79% of warehouse receipts are held by an entity, and about a quarter of them have been cancelled.

Spot zinc rose sharply to a two-month high of $49.50 over the three-month period, reflecting the short-term supply shortage of LME.

The International Lead and Zinc Research Group (ILZSG) said on Monday that the global zinc shortage narrowed to 28,000 tons in January from 62,400 tons revised in December.

LME copper ended up 1% at $6,472 a tonne, close to a seven-month high of $6,540 hit on February 25.

The dollar weakened for the third consecutive day, making metal prices cheaper for buyers holding other currencies, helping to boost metal prices.

Futures aluminium closed up 1.4% at $1,873 per ton.

Nickel rose 1.6% to $13,100 per ton.

Lead rose 0.5% to $2,085 per ton.

Tin jumped 1.3% to $21,325 a ton.

Price data

According to the data from the business associations’list, the domestic sulfur market price was temporarily stable this week. At the beginning of the week, the average domestic granular sulfur ex-factory price was about 103.33 yuan/ton. At the weekend, the average domestic granular sulfur ex-factory price was about 103.33 yuan/ton. The price was stable during the week, down 1.88% from the same period last year.

II. Market Analysis

Products: This week, the sulphur market performance is flat, terminal enterprises have low interest in purchasing, and lack of information guidance on the site, the atmosphere of negotiations is light. Domestic refineries in various regions operate smoothly, the performance of supply and demand is not obvious, the operators are more cautious to negotiate, the market is mainly based on consumption inventory, the price has not changed significantly. As of 8 th, the price of sulphur in Shandong area of Sinopec is stable, the mainstream price of solid sulphur is 1130-1170 yuan/ton, the mainstream price of liquid sulphur is 160-1120 yuan/ton; the price of sulphur in North China of Sinopec is stable, and the mainstream price of solid sulphur is The price is 940-1080 yuan/ton and the mainstream price of liquid sulfur is 960-1100 yuan/ton.

Industry chain: The downstream sulphuric acid market is stable and small, and the market price is flexible. At the beginning of the week, the price is 393.33 yuan/ton. At the end of the week, the price is 386.67 yuan/ton. Within the week, the price of bromine declines by 1.69%. This week, the market price of bromine is stable, with a price of 35000.00 yuan/ton at the beginning of the week and a price of 35000.00 yuan/ton at the end of the week.

3. Future Market Forecast

Sulphur analysts from the business cooperative chemical branch believe that from the current market, there is no news guide, downstream buyers with insufficient documentation mainly to consume, limited demand, short-term view of the sulfur market narrow consolidation.

Price Trend

According to the monitoring data of business associations, as of March 6, the average price of domestic ethanol market was 5383 yuan/ton, and the domestic ethanol market was mainly stable.

II. Market Analysis

Products: The ethanol market continues to rise in some parts of the northern market, the willingness of enterprises to pull up is more obvious, the inventory of enterprises is not high, the Northeast region carries out more contract orders, the downstream chemical purchasing is stable, the quotation of enterprises in South China is stable, and the downstream basically maintains the state of just need.

Industry Chain: Maize: Maize supply is sufficient and the market demand for farming is still recovering. In theory, the price of maize will continue to fall. Ethyl acetate: The domestic market of ethyl acetate is weak. Under the trend of continuous decline of suppliers in Shandong Province, the downstream market is colder for ethyl acetate purchase, and under the weakness of acetic acid, the cost and demand of ethyl acetate are double negative, and the market is obviously weak. Affected by the weakness of North China and East China, the downstream market is continuing to wait and see for ethyl acetate, and the market weakness gradually becomes clear under the blocked transaction.

3. Future Market Forecast

The possibility of sustained growth in some parts of the ethanol market. Low inventory in Northeast China will continue, export orders will continue, and chemical demand will be stable. Ethanol analysts from business associations predict that the domestic ethanol market will show a regional trend in the near future.