This week, the domestic butadiene market fell slightly. At present, the domestic market is relatively abundant in spot resources; Recently, the supply price of foreign offer and Sinopec has been reduced, which has exacerbated the cautious attitude of downstream inquiry.

According to the sample data monitored by the business agency, from May 5 to 9, the domestic butadiene market price fell from 9816 yuan / ton to 9595 yuan / ton, with a decrease of 2.25% in the cycle, a decrease of 12.21% month on month and a year-on-year increase of 40.29%. In terms of price, the mainstream transaction price of butadiene in central Shandong is 9950 yuan / ton, and the mainstream transaction price of butadiene in East China is 9600 yuan / ton.

In terms of enterprises, the 30000 T / a butadiene unit of Liaoyang Petrochemical plant operates stably, and the transaction price is 9310 yuan / ton. The 70000 T / a butadiene oxidative dehydrogenation unit of Inner Mongolia Jiutai energy operates stably, and the latest quotation is 9300 yuan / T. The 160000 T / a butadiene extraction unit of Fushun Petrochemical operates stably. The source of 300 tons of goods is planned to be sold through bidding on May 9, and the base price of bidding is temporarily referred to as 9100 yuan / ton.

In terms of external market: as of the closing on May 6, the external market price of butadiene in Asia remained stable: FOB Korea closed at US $1375-1385 / ton, down US $50 / ton; CFR China closed at US $1295-1305 / ton, down US $75 / ton. The external price of butadiene in Europe remained stable: FOB Rotterdam closed at US $1485-1495 / ton, down US $30 / ton; FD northwest Europe closed at 1395-1405 euros / ton.

region ., country., Closing price, Rise and fall

Asia, FOB Korea, 1375-1385 US dollars / ton, – $50 / ton

Asia, CFR China, $1295-1305 / ton, – $75 / ton

Europe, FOB Rotterdam, 1485-1495 USD / ton, – $30 / ton

Europe, FD northwest Europe, 1395-1405 euros / ton, 0 euro / ton

Comparison chart of butadiene CIS polybutadiene rubber (downstream products) trend of business society:

Comparison chart of butadiene styrene butadiene rubber (downstream products) price trend of business society:

Comparison chart of butadiene nitrile rubber (downstream products) price trend of business society:

The fundamentals of supply and demand are difficult to have a significant positive boost. The increase of spot export sales in the north, while the prices of external offers and suppliers are reduced, dragging down downstream inquiries with caution. Butadiene analysts of business society expect that the domestic butadiene market will be slightly sorted out in the short term.

1、 Price trend

Mixed xylene rose slightly this week, according to the bulk list data of business society. On April 29, the price was 7550 yuan / ton; On Friday (May 6), the price was 7610 yuan / ton, up 0.79% from last week; Compared with the same period last year, it increased by 28.33%.

2、 Analysis and comment

Crude oil rose continuously, mixed xylene in Asia rose broadly in the outer disk, and the cost side was well supported. After the festival, the downstream air was filled, the demand improved, the main refineries actively raised the price, and the mixed xylene market rose.

In terms of external market, the price of mixed xylene in Asia rose this week. On Friday (May 6), the price of mixed xylene imported from South Korea was US $1130.5/ton, with a year-on-year increase of US $39 / ton, or 3.57%; The reference price of domestic imported mixed xylene was 1145 US dollars / ton, with a year-on-year increase of 37.5 US dollars / ton or 3.39%.

Crude oil rose broadly this week. The European Union plans to gradually stop Russian oil imports, the market has intensified concerns about tight crude oil supply, and international oil prices have risen continuously. As of May 6, Brent rose $3.05 / barrel, or 2.79%; WTI rose $5.08/barrel, or 4.85%.

Downstream, in the PX market, the domestic PX price was stable this week. On Friday (May 6), the domestic ex factory price of p-xylene was 8900 yuan / ton, which was flat compared with last week and increased by 39.06% compared with the same period last year. On May 6, the closing price of p-xylene market in Asia was USD 1180 / T FOB Korea and USD 1198 / T CFR China.

In terms of ox market, the price of ox in East China was stable this week. On Friday (May 6), the price of ox in East China was 8200 yuan / ton, which was flat compared with last week and increased by 38.98% compared with the same period last year.

In terms of gasoline, gasoline in Shandong rose slightly this week. The price was 8819.8 yuan / ton on April 229 and 8907.4 yuan / ton on May 6, up 0.99% from last week and 18.03% from the same period last year. The rise in crude oil prices, coupled with the increase in on-site demand, led to a rise in the gasoline market.

3、 Future forecast

In terms of crude oil, the situation in Russia and Ukraine is full of uncertainty, and the fear of tightening oil supply remains unabated. However, high oil prices are bad for the economy and demand, rising inflation or restraining the rise of oil prices, and there is still a risk of violent fluctuations in short-term crude oil. Continue to pay attention to the impact of geopolitical situation, OPEC + decision on crude oil production, US crude oil and refined oil storage dynamics, global economic conditions and other factors on crude oil prices.

The crude oil price is high, and the cost support is acceptable. The downstream demand lacks sustainability, the overall transaction is still weak, and the logistics transportation has not been fully recovered. Overall, short-term mixed xylene or finishing operation. Pay attention to the market trend of crude oil and gasoline, the impact of mixed xylene and downstream device dynamics, port inventory and external market on the price of mixed xylene.

1、 Price summary on May 7:

The quotation of Shijiazhuang refining and chemical company is 7200 yuan / ton, and that of Qilu Petrochemical Company is 7250 yuan / ton,

Yangba offers 7550 yuan / ton,

Guangzhou Petrochemical quoted 7450 yuan / ton, Maoming Petrochemical quoted 7400 yuan / ton,

Changling Refining & Chemical Co., Ltd. offers 7550 yuan / ton,

2、 Fluctuation trend:

3、 Analysis and comments:

In terms of crude oil, the European Union plans to gradually stop Russian oil imports. The market is worried about the shortage of crude oil supply, and the international oil price has risen for three days in a row.

The positive support of gasoline is lack of sustainability, the price decline is obvious, and the mentality of the industry is frustrated.

According to the monitoring data of business society, as of May 7, 2022, the average ex factory price of domestic industrial grade dimethyl carbonate was 4900 yuan / ton, which was basically the same as that on May 1, 2022. Compared with the price on April 1, 2022 (the reference price of dimethyl carbonate was 5566 yuan / ton), the price was reduced by 666 yuan / ton, down 11.98%.

It can be seen from the data monitoring chart of the business society that in May and the first week after the labor day, the domestic dimethyl carbonate market was dominated by stable consolidation and operation, the downstream demand of dimethyl carbonate after the festival was mostly rigid and procurement was mainly needed, and the trading atmosphere on the floor was general. The price adjustment of some dimethyl carbonate suppliers in a narrow range had little impact on the overall trend of the market. The quotation of dimethyl carbonate factories was mostly stable compared with that before the festival, and the overall news on the floor was relatively calm. As of May 7, the ex factory price of dimethyl carbonate in China is around 4700-5000 yuan / ton. At present, there is a certain raw material reserve in the downstream of dimethyl carbonate, and small orders are mainly negotiated in the field.

In terms of upstream propylene oxide, after the festival, the domestic propylene oxide market rose. According to the data monitoring of business agency, the reference price of propylene oxide was 11633.33 yuan / ton on May 6, up 2.05% compared with May 1 (11400 yuan / ton).

Future trend analysis

After the festival, the rise of raw material propylene oxide has enhanced the cost support of dimethyl carbonate, and the dimethyl carbonate market has fallen to a relatively low level. The dimethyl carbonate data division of business society believes that in the short term, the domestic dimethyl carbonate market is expected to run steadily and slightly. However, due to the lack of obvious overall demand boost, the power of the market to recover significantly is still insufficient, and more attention needs to be paid to the news changes of supply and demand.

Trade name: melamine

Latest price (May 6): 10286.67 yuan / ton

On May 6, the melamine market rose steadily, up 0.85% compared with the previous trading day and down 12.58% compared with the price on April 6. Due to the strong support of melamine manufacturers in the early stage, the operating cost of downstream manufacturers is generally strong, and the operating cost of upstream manufacturers is generally strong, with strong support in the near future.

At present, the trading atmosphere of the market is OK, and it is expected that the melamine market will rise steadily and slightly in the short term.

According to the monitoring data of business agency, as of April 29, the average price of propylene oxide enterprises was 11400.00 yuan / ton, down 5.26% compared with April 1, up 0.88% year-on-year in a three-month cycle and down 39.68% compared with the same period last year.

The propylene oxide market fell in April. In the first ten days after the festival, the price of propylene oxide stopped falling and rebounded, the price of raw propylene rose, the cost support was strengthened, the social inventory was low, the market trading atmosphere warmed up, and the focus of market negotiation shifted upward. In the middle of the year, the supply side devices were mainly stable, and the demand side reduction followed up. The market trading atmosphere was cautious and weak. After the market stalemate fell, it rebounded slightly with the support of costs. In the last ten days, the propylene oxide market was deadlocked and fell, the cost support was limited, the supply side devices were mainly stable, the downstream pre Festival purchasing mood was general, and just needed to follow up. The manufacturers mainly reduced inventory before the festival, and the price was reduced. On the 29th, the mainstream quotation of propylene oxide Market in Shandong was around 10600-10700 yuan / ton.

Upstream propylene, according to the bulk list data of business society, the domestic propylene (Shandong) market experienced twists and turns in April, and the overall market rose. The market was 8200 yuan / ton at the beginning of the month, and the average price at the end of the month was 8404 yuan / ton, with a monthly increase of 2.49%.

According to the monitoring data of downstream propylene glycol, as of April 27, 2022, the average ex factory price of domestic industrial propylene glycol is 11333 yuan / ton. Compared with the price on April 1, 2022 (the ex factory reference price of propylene glycol is 14133 yuan / ton), the average price is reduced by 2800 yuan / ton, a decrease of 19.81%.

The propylene oxide analyst of business society believes that at present, the cost support is limited, the supply side is mainly stable, the demand side is general, and the market atmosphere is flat. It is expected that the propylene oxide market may be weak and stable in the short term, and more attention should be paid to the guidance of market news.

On April 28, the hydrobenzene commodity index was 92.99, unchanged from yesterday, down 8.84% from the highest point of 102.01 in the cycle (2014-01-09), and up 210.07% from the lowest point of 29.99 on April 7, 2020. (Note: the period refers to the period from December 1, 2013 to now).

Summary of price adjustment of Sinopec pure benzene (unit: yuan / ton)

Date, Adjusted price, Adjustment amount

March 24, 8600.,+200

April 12, 8450.,-150

April 27, 8550.,+100

April 28, 8700.,+150

On April 28, 2022, the listing price of Sinopec pure benzene was increased by 150 yuan / ton and 8700 yuan / ton.

Other enterprises: HSBC Petrochemical offers 8750 yuan / ton, Jincheng Petrochemical offers 8450 yuan / ton, Weilian chemical offers 8523 yuan / ton, Xinhai Petrochemical offers 8550 yuan / ton, and Hongrun Petrochemical offers 8550 yuan / ton.

Crude oil: on April 28, the price of international crude oil futures closed up, with an obvious increase. The settlement price of the main contract of WTI crude oil futures in the United States was US $105.36/barrel, up US $3.34 or 3.3%; The settlement price of the main contract of Brent crude oil futures was US $107.26/barrel, up US $2.31 or 2.2%. The main reason was that there were rumors in the market that Germany joined the ranks of other EU Member States and the possibility of imposing an embargo on Russian oil increased, which exacerbated the market’s concerns about the expectation of tightening supply in the future.

Oil prices rose for three consecutive times this week. According to the monitoring of business news agency, WTI rose by 6.92% and Brent crude oil rose by 4.99%. Earlier, the US Energy Information Administration (EIA) report released on Wednesday showed that the growth of US commercial crude oil inventories was lower than expected. In addition, investors weighed the impact of the epidemic situation and anti epidemic blockade measures in some Asian countries and regions on the prospects of economic growth and energy demand, as well as the expectation of tightening energy supply caused by the Russian Ukrainian war. On the 28th, there were rumors in the market that Germany joined the ranks of other EU Member States to impose an embargo on Russian oil, which exacerbated the market’s concern about the expectation of tightening supply in the future.

In April 2022, the hydrobenzene market fluctuated. The ex factory price in North China was 8400 yuan / ton at the beginning of the month and 8550 yuan / ton at the end of the month, with a monthly increase of 1.79%.

The market trend of hydrogenated benzene fluctuated this month. The price rose at the beginning of the month, fell in the middle of the month, and rose at the end of the month. The main factors causing price fluctuations this month are: at the beginning of the month, hydrobenzene was greatly affected by the trend of fundamental crude oil, the crude oil fell broadly at the beginning of the month, the focus of the domestic pure benzene Market weakened, the domestic regional price difference was obvious affected by logistics, and the price of hydrobenzene followed the trend of pure benzene. After the middle of the year, the crude oil price first fell and then rose. Although the crude oil rose continuously and the cost support strengthened, the public health events in various parts of the country affected the transportation situation during the same period. The downstream operating load of pure benzene was low, the overall demand for pure benzene was relatively light, the downstream performance was poor, the price was adjusted horizontally, and the price of hydrogenated benzene was dragged down. In the last week of the end of the month, crude oil continued to exert force, which was basically good for the pure benzene market. Sinopec continuously raised the ex factory price of pure benzene to 8700 yuan / ton, which gave good support to the market. After the price of pure benzene fell in Shandong, the negotiation improved, the downstream support was good, and the price rebounded. As of the 28th day, the mainstream price of pure benzene in China was 8450-8750 yuan / ton, and the hydrogenated benzene market was boosted and rose.

In the future, the business agency believes that at present, pure benzene is obviously affected by the fluctuation of crude oil trend. In terms of demand: some downstream purchase intentions have rebounded to a certain extent, and the demand support is obvious. Superimposed on the demand for replenishment before the festival, the price of pure benzene has risen recently. If crude oil continues to rise or pure benzene continues to rise, the follow-up focus will be on the impact of crude oil, external price trend, domestic logistics and transportation, and the dynamics of pure benzene and downstream devices on the price of pure benzene.

1、 Price data

According to the bulk list data of business society, the price of petroleum coke of local refining manufacturers decreased slightly this week. The average price of Shandong market on April 29 was 5172.25 yuan / ton, down 0.72% from 5209.75 yuan / ton on April 24.

On April 29, the commodity index of petroleum coke was 402.29, the same as yesterday, down 0.80% from the highest point of 405.52 in the cycle (2022-04-17), and up 501.42% from the lowest point of 66.89 on March 28, 2016. (Note: the period refers to the period from September 30, 2012 to now)

2、 Analysis of influencing factors

This week, the price of petroleum coke in the refinery fell slightly, the refinery shipment was positive, and the downstream carbon enterprises purchased before the festival. However, at the end of the month, the downstream enterprises had great capital pressure, and the market wait-and-see mood was strong.

Upstream: under the background that international crude oil prices fluctuate and rise, and the geopolitical conflict between Russia and Ukraine continues to disturb the market, it will aggravate the expectation of tightening oil supply in the future. In addition, in terms of other supply factors, the organization of Petroleum Exporting Countries (OPEC) has continued the gradual and small increase in production policy, which will stabilize the tightening of crude oil supply, with little effect. The OPEC monthly meeting may be held on May 5. Considering the binding interests of OPEC and its Russian allies, the possibility of policy change is small. The market generally expects that there is a high possibility of a small increase in production in June. On the whole, the trend of crude oil prices rose in April.

Downstream: the price of calcined coke remained basically stable this week; The market price of metallic silicon has been lowered; The price of downstream electrolytic aluminum fluctuated. As of April 29, the price was 20826.67 yuan / ton. At present, the cost of downstream carbon enterprises is upside down, the capital is tight, the pressure of receiving goods is great, and most of them purchase on demand.

According to the petroleum coke analyst of business agency, the international crude oil price fluctuates at a high level, the price cost of local refining petroleum coke is supported, and the downstream carbon enterprises purchase before the festival. However, the petroleum coke price is high, the downstream enterprises have great capital pressure at the end of the month, the cost is upside down, and the wait-and-see mood is strong. It is expected that the price of petroleum coke may be mainly sorted out in the near future.

According to the data monitoring of business agency, the average price of acetic acid in East China was 4260 yuan / ton on April 29. Compared with 4670 yuan / ton at the end of last week, it was reduced by 410 yuan / ton, a decrease of 8.78%. As of April 29, the market price of acetic acid in various regions rose and fell as follows:

Region, April 23, April 29, Price rise and fall

South China, 4500 yuan / ton, 4050 yuan / ton, – three hundred and fifty

North China, 4300 yuan / ton, 3600 yuan / ton, – seven hundred

Shandong Province, 4300 yuan / ton, 3600 yuan / ton, – seven hundred

Jiangsu Province, 4500 yuan / ton, 3750 yuan / ton, – seven hundred and fifty

Zhejiang Province, 4600 yuan / ton, 3850 yuan / ton, – seven hundred and fifty

During the week, the acetic acid market was weak and downward, and the manufacturer’s quotation was continuously reduced. At present, the on-site supply is sufficient, the downstream demand is weak, and it is close to May Day. In order to consume the inventory, each factory makes profit and ships, and the quotation is continuously reduced within the week. However, due to the impact of logistics and transportation, the freight is increased, and the whole downstream is mainly wait-and-see, coupled with the mentality of buying up rather than buying down in the market, the acetic acid market is weak.

The market of upstream methanol fell first and then stabilized this week, and the market fell significantly. In terms of spot, the production cost of methanol weakened, the supply was relatively abundant, and there was no significant change in the demand side. The downstream just needed to purchase before May Day, and the transportation in some areas was still limited. The methanol market fell weakly. As of April 29, the average price of methanol production enterprises in the week was reduced to 2746 yuan / ton, and the price in the cycle was reduced by 3.11%.

In the downstream, the ethyl acetate market operates weakly and stably. In terms of enterprise operation, the manufacturer’s operating rate is stable and the supply side remains loose. Affected by the epidemic, the shipment in East and North China is limited, and the downstream expectation turns weak. It is just necessary to follow up. Under the oversupply, the ethyl acetate market operates weakly.

According to the acetic acid analyst of business society, at present, there is inventory pressure on the manufacturers in the acetic acid market. They just need to buy in the downstream. Before the festival, the downstream makes profits and ships. The market trading is still light. It is expected that the acetic acid Market in the future will be weak and sorted out. Pay attention to the downstream purchasing situation.

According to the monitoring sample data of business society, as of April 28, the average price of melamine enterprises was 10166.67 yuan / ton, down 14.80% compared with the price on April 1 and 2.56% year-on-year in a three-month cycle.

The melamine market fell in April. In the first half of the month, the price of raw urea was weak, the cost support was limited, the operating rate of melamine was high, the supply side was abundant, but the demand side performance was poor, the downstream operating rate was low, the follow-up of melamine was insufficient, the shipment of manufacturers was under pressure, the logistics and transportation in some areas were poor, the market trading atmosphere was light, and the price was weak. In the second half of the month, the price of raw material urea rose steadily, the cost support increased gradually, and the operating rate of melamine was high. With the opening of pre festival goods preparation in the downstream, the atmosphere of inquiry and procurement improved, the pressure on manufacturers’ inventory eased, the price of melamine stopped falling and rose, and enterprises mainly implemented advance orders.

For upstream urea, the domestic comprehensive price of urea rose slightly on April 27, and the reference price of urea was 3018.00, an increase of 1.86% compared with April 1 (2963.00). On the whole, the cost of urea is generally supported, the downstream demand is normal, the urea supply is high, the transportation is limited, and the future urea mainly fluctuates and rises in a narrow range.

Melamine analysts of business society believe that the price of raw material urea is relatively strong in the near future, the cost support is enhanced, and manufacturers mainly implement early orders. The market is expected to operate on a wait-and-see basis before the festival. It is expected that the melamine market may be stable in the short term, and more attention should be paid to the guidance of market news.