Trade name: melamine

Latest price (February 9): 12933.33 yuan / ton

On February 9, the market price of melamine was strong, up 17.22% compared with the previous trading day and 33.79% compared with the price on January 9. At present, the price of urea in the upstream is rising, the cost is supported to a certain extent, the operating rate of melamine market is not high, the main enterprises mainly issue early orders, the market supply is tight, and the downstream enterprises resume work one after another, mainly just need to follow up.

It is expected that the melamine market may run strongly in the short term.

The price of o-benzene rose on February 7

According to the data monitoring of business agency, the average quotation price of o-xylene on February 7 was 7400 yuan / ton, up 4.23% from the listing price of o-xylene Sinopec of 7100 yuan / ton on January 28 of the previous trading day. The adjacent benzene market rose strongly.

Key points of analysis

During the Spring Festival, the price of crude oil rose sharply, the price of mixed xylene rebounded and rose, and the cost of o-benzene rose; The price of phthalic anhydride fluctuated and rose, and the demand for phthalic anhydride was strongly adjusted. The rising cost and demand are stable, the driving force for the rise of orthobenzene is increased, the external price of orthobenzene is increased, the price difference between domestic and foreign orthobenzene is increased, which is more favorable to the domestic orthobenzene market.

Future forecast

The cost increases, the price difference at home and abroad increases, the benefit of adjacent benzene increases, and the market of adjacent benzene rises strongly in the future.

According to the monitoring data of business agency, as of January 27, the average price of propylene oxide enterprises was 11366.67 yuan / ton, an increase of 2.40% compared with the price at the beginning of the month, and a year-on-year decrease of 34.67% in a three-month cycle.

The propylene oxide market rose slightly in January. In the first ten days, after the new year’s Day holiday, the price of raw propylene rose steadily, the downstream orders were released, the inventory pressure was reduced, and the focus of market negotiation gradually increased. With the cold performance of the demand side, the market price was frozen. In the middle of the year, the price of raw propylene rose and the cost support was strengthened, but the demand side was not followed up enough. The market atmosphere was light and the price was loose under the gradual pressure of inventory. With the slightly low load operation of some devices in the field, the spot supply was tight, and the manufacturer’s attitude of supporting the price was the main. In the last ten days, the price of raw propylene fell, the cost support weakened, the downstream pre festival goods preparation, the social inventory of propylene oxide was low, and the market was strong to follow up. Near the holiday, some logistics were limited and terminals were delisted one after another. The market wait-and-see atmosphere was strong and the price operated stably.

For upstream propylene, on January 26, the propylene (Shandong) market fell, and the price adjustment range was reduced compared with that at the beginning of the week. The mainstream price of propylene in Shandong was 7750-7850 yuan / ton. Due to the approaching Spring Festival, the downstream shutdown or production reduction holiday, the propylene market plunged, and the price fell rapidly at the high level of 8000 yuan / ton, resulting in weak demand support. At the same time, the downstream goods preparation is basically completed, and the supply and demand situation will not change much in the near future. On January 26, the reference price of propylene was 7746.80, an increase of 2.63% compared with January 1 (7548.60).

For downstream propylene glycol, on January 26, the reference price of propylene glycol was 15633.33, a decrease of 4.67% compared with January 1 (16400.00).

The propylene oxide analyst of business society believes that the price of raw material propylene is weak recently, the cost support is weakened, the factory inventory pressure is temporarily controllable, and the downstream needs to be followed up just before the festival. It is expected that the propylene oxide market may be stable in the short term.

According to the survey data of business society, the bromine price will be high in 2021. Besides the first quarter, the annual price was higher than the ten-year level. In 2021, the price of bromine climbed all the way and fell in the fourth quarter.

It can be seen from the monthly K-bar chart of bromine that the whole 2021 is rising except for the decline in July 8, November and December, and the highest increase in October is 43.01%.

According to the data monitoring of the bulk list of business society, the average market price of bromine at the beginning of 2021 was about 33333.33 yuan / ton, and the average market price at the end of 2021 was about 53142.86 yuan / ton, with a price increase of 59.43%.

According to the survey data of business society, bromine rose by 59.43%, soda ash in the upstream of bromine rose by 101.49%, sulfuric acid price rose by 49.13% and sulfur price rose by 100%.

Bromine prices rose slightly in the first quarter. On January 1, the average market price was about 33333.33 yuan / ton, and on March 31, the average market price was 35055.56 yuan / ton, with a price increase of 5.17%. Affected by the tight spot supply, the domestic bromine market was strong in January, and many manufacturers had stopped. Except for a few enterprises that can provide spot goods, most enterprises ship goods in inventory, and the market inventory is low. However, the downstream flame retardant market has entered the off-season, the demand for bromine has declined, and the market supply and demand game is obvious. Bromine prices in March were generally strong. The supply of bromine market in Shandong is relatively tight, the downstream flame retardants and intermediates are well started, and the demand for bromine is acceptable. Many bromine manufacturers have the intention to support the price, and it is difficult to find a low price.

Bromine prices rose all the way in the second quarter. On April 1, the average market price of bromine was about 35500 yuan / ton, and on June 30, the average market price of bromine was about 46062.5 yuan / ton, with a price increase of 29.75%. Bromine prices are generally strong. The supply of bromine market in Shandong is relatively tight, bromine enterprises have been under construction for a long time, the growth of bromine output is relatively slow, the overall supply of market is relatively tight, and the procurement of downstream flame retardants and intermediates is OK, which supports the price of bromine. Many bromine manufacturers have the intention to support the price, and it is difficult to find a low price.

In the third quarter, the bromine price was adjusted and operated, showing a “V” trend. On July 1, the average market price of bromine was about 46062.5 yuan / ton, and on September 30, the average market price of bromine was about 48250 yuan / ton, with a price increase of 4.75%. From the beginning of July to the middle and late August, the price of bromine fell. At present, the domestic bromine fell and the trading atmosphere was poor. At present, the mainstream price of enterprises is about 43000-45000 yuan / ton, and the price of bromine is weaker than that of the previous period. It is mainly due to the low load of downstream flame retardants and intermediates, and the reduction of bromine procurement. There is resistance to the long-term rise of bromine. Due to the high temperature in summer, the maintenance enterprises in the south are also increasing, and the bromine is mainly purchased on demand. Bromine prices rose from mid to late August to early September, mainly due to the decline in the output of bromine enterprises in Shandong and the shutdown of manufacturers in Changyi. The downstream flame retardant and intermediate industries of bromine were started. Although they were stopped recently, the demand for bromine was ok, the demand for bromine was ok, and the bromine price increased.

In the fourth quarter, bromine prices rose and then fell. On October 1, the average market price of bromine was about 48250 yuan / ton, and on December 31, the average market price of bromine was about 53142.86 yuan / ton, with a price increase of 10.14%. At the beginning of October, the price of bromine rose. Affected by the “double control” policy, the supply tension was difficult to solve. However, the start-up of bromine downstream flame retardant and intermediate industry still supports bromine. Then it entered a game stage between the two sides. After entering December, the bromine price went down, mainly due to the weak operation of bromine price, and the actual transaction was general. At present, the price of bromine in China is lower. At present, the downstream flame retardant and intermediate industries of bromine are under construction, the load has been reduced recently, and there was sufficient stock before, which is in conflict with the high price of bromine, and multidimensional rigid demand is the main demand. Supply and demand continue to play a game.

Business analysts believe that due to the impact of the general environment and the dual control policy, bromine prices rose in 2021 and were at a high level in a decade. After the economy is stable in 2022, the bromine price in 2022 may not be high in 2021. In the first quarter, as in previous years, due to the low temperature, insufficient bromine extraction from seawater, low inventory of bromine enterprises and limited production in winter, there was a shortage of supply. After the year, the bromine price may be at a relatively high level, and the price may tend to be stable in the third and fourth quarters, depending on the demand of the downstream market.

Recent price trend of hydrochloric acid

As can be seen from the above figure, the price of domestic hydrochloric acid fell slightly this week, and the quotation fell from 324.00 yuan / ton last weekend to 276.00 yuan / ton this weekend, down 14.81%, up 47.20% year-on-year compared with the same period last year. Overall, the domestic hydrochloric acid market fell slightly this week. On January 23, the commodity index of hydrochloric acid was 72.63, unchanged from yesterday, down 47.33% from the highest point 137.89 in the cycle (2021-10-26), and up 303.95% from the lowest point 17.98 on September 5, 2012. (Note: the period refers to the period from September 1, 2011 to now)

Weak upstream support and general downstream procurement

From the manufacturer’s quotation, the domestic hydrochloric acid market price fell slightly this week. Dezhou Shihua hydrochloric acid offered 300 yuan / ton this weekend, which fell by 200 yuan / ton compared with last weekend; The price of synthetic hydrochloric acid from Wen Shui is 290 yuan / ton this weekend, which is temporarily stable compared with last weekend; Dezhou Maihua hydrochloric acid is quoted at 50 yuan / ton this weekend, which is temporarily stable compared with last weekend; Liaocheng Huatong hydrochloric acid offered 90 yuan / ton this weekend, which fell by 90 yuan / ton compared with last weekend; Xiangcheng Sanan hydrochloric acid quoted 650 yuan / ton this weekend, up 50 yuan / ton compared with last weekend.

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market fell slightly, weakening the support for hydrochloric acid. The price of downstream polyaluminium chloride increased slightly. The quotation increased from 2445.56 yuan / ton at the end of last week to 2467.78 yuan / ton at the end of this week, an increase of 0.91%. The increase was small. It was mainly consolidation, with a year-on-year increase of 37.64% compared with the same period last year; The market price of ammonium chloride fell slightly, and the quotation fell from 1087.50 yuan / ton last weekend to 1075.00 yuan / ton this weekend, down 1.15%. On the whole, downstream products are not enthusiastic about purchasing hydrochloric acid, which has a negative impact on the price of hydrochloric acid.

Future forecast

The market of upstream liquid chlorine has declined recently, and the cost support is general. The market of downstream polyaluminium chloride and ammonium chloride has declined slightly, and the willingness to purchase downstream has weakened. Business analysts believe that hydrochloric acid has mainly suffered a slight shock and decline recently.

Commodity index: on January 23, the polyacrylamide commodity index was 105.09, unchanged from yesterday, down 5.76% from the highest point of 111.51 in the cycle (2021-11-03), and up 26.78% from the lowest point of 82.89 on August 2, 2020. (Note: the period refers to the period from April 1, 2019 to now)

Commodity market: data monitoring shows that the mainstream price of polyacrylamide (CPAM, cation, molecular weight 12 million, 10-30 ionic degree) in China’s domestic market has remained stable at about 17200 yuan / ton this week (17-23). Approaching the Spring Festival holiday, the epidemic situation in many places is severe. Manufacturers limit production and stop production, and the inventory is sufficient. The downstream has no purchase intention a few years ago, and the market is basically static.

Industrial chain: acrylic acid: the average price in East China on Friday this week (17-23) was 13800.00 yuan / ton, up 0.73% from Monday, 5.08% from December 21, and 27.75% year-on-year in a three-month cycle. The acrylic acid market is steadily rising this week. Recently, the price of raw propylene is relatively strong, the cost support is rising, the load of some plants is reduced, the market supply is reduced, the downstream is orderly prepared, and the focus of market negotiation is high. It is expected that in the short term, the acrylic acid market will mainly operate at a high level, so more attention should be paid to the market news guidance. Acrylonitrile: Since New Year’s day, the mainstream market of raw acrylonitrile has continued to decline first and then remained stable. In the first half of the month, acrylonitrile has been significantly reduced by about 1950 yuan / ton. At present, the mainstream market quotation is stable at about 11450 yuan / ton. To sum up, the price of polyacrylamide raw materials has not changed much recently, and there is a strong wait-and-see atmosphere in downstream procurement. At present, it is basically in the state before the holiday, and there are few transactions.

Liquefied natural gas is used in the production process. According to the data monitoring of business agency, the domestic LNG market rose first and then fell this week (17-23), and the decline was greater than the increase, falling by 4% during the week. When the week’s rise continued and the number of rising areas increased, a large area of China was red. Under the condition of low inventory pressure, the liquid plants had strong price support mood, with 17 and 18 rising by 1.81%. In the middle and late week, due to insufficient demand follow-up, some areas began to decrease slightly, and only a few areas such as Shanxi continued to rise. On the 20th, the auction of Northwest gas source ended in the fourth week. The transaction price was 2.88 yuan / m3, the trading volume was 15.2 million m3, and the flow auction was 4.8 million m3. The favorable auction did not give enough boost, and the domestic liquid price continued to fall. The LNG analyst of business agency believes that the Spring Festival holiday is approaching, the downstream demand continues to weaken, and there is a certain pressure on the shipment of liquid plants. It is expected that the liquid price will stop falling and stabilize under the support of gas source auction in the short term, but there are still downward expectations.

Future forecast: the support of raw materials acrylonitrile and acrylic acid remains weak and stable with little change. There is no purchase demand in the downstream years ago, and the market of polyacrylamide is expected to remain at the current state by the end of the year.

1、 Price trend

According to commodity data monitoring, titanium dioxide prices have been stable and small this week. The average price of titanium dioxide in China was 20733.33 yuan / ton last Friday and 20850 yuan / ton this Friday. The price increased slightly within the week, with a range of 0.56%.

2、 Market analysis

This week, the domestic titanium dioxide market price rose steadily. Domestic titanium dioxide enterprises have good market confidence. At present, export orders are performing well, and domestic downstream manufacturers mainly hoarded goods in an appropriate amount years ago. In addition, the current high price of titanium ore is expected to rise, and the prices of individual titanium dioxide enterprises have increased slightly. Up to now, the factory quotation including tax of rutile titanium dioxide in China is 20500-21600 yuan / ton; The ex factory quotation of anatase titanium dioxide including tax is between 18500-19500 yuan / ton.

In terms of titanium concentrate, the price of titanium concentrate in Panxi increased this week. The titanium ore market is acceptable, the downstream market demand is acceptable, and the purchase is mainly on demand. Manufacturers send more early orders, small and medium-sized miners are slightly nervous about the spot, and the reluctance to sell is obvious. Up to now, the tax free quotation of 38 grade titanium ore is about 1500-1530 yuan / ton, that of 46 grade 10 titanium ore is about 2200-2280 yuan / ton, and that of 47 grade 20 ore is about 2500-2550 yuan / ton. In the short term, the price of Panxi titanium concentrate will continue to be high and firm, and the actual transaction price will be negotiated.

In terms of sulfuric acid, the domestic sulfuric acid market rose this week according to the bulk list data of business society. So far, the average price of sulfuric acid in Shandong is 675 yuan / ton. The upstream sulfur market has risen slightly recently, and the cost support is good. Some sulfuric acid manufacturers have insufficient operation, the load is reduced, the downstream formic acid and bromine market has stopped falling and rebounded, and the downstream procurement enthusiasm has been enhanced.

3、 Future forecast

Titanium dioxide analysts of business society believe that the current titanium dioxide market demand is general. Internationally, the demand for foreign trade is acceptable and there is no pressure in the short term. On the whole, the raw titanium concentrate increased, the price of sulfuric acid increased, and the cost support was acceptable. It is expected that the price of titanium dioxide will be mainly sorted out in the short term, and the actual transaction price will be mainly negotiated.

1、 Price trend

According to the bulk list data of business society, the average ex factory price of 55% powdered monoammonium was 3050 yuan / ton on January 10 and 3090 yuan / ton on January 17. The price of monoammonium phosphate increased by 1.31% this week.

According to the bulk list data of business society, the average ex factory price of 64% diammonium phosphate was 3595 yuan / ton on January 10 and 3595 yuan / ton on January 17. The price of diammonium phosphate was stable this week.

2、 Market analysis

Monoammonium phosphate market rose steadily this week. The price of raw sulfur and phosphate rock is high, and the cost support is good. The demand for goods preparation before the first ammonium Festival has increased, and the enterprise has a large amount to be sent, mainly in the form of early orders. At present, the ex factory quotation of 55% powdered ammonium in Anhui is 3200-3300 yuan / ton, and the ex factory quotation of 55% powdered ammonium in Henan is about 2800-2900 yuan / ton. The actual transaction is negotiated.

The market of diammonium phosphate is running smoothly this week. At present, the demand for diammonium is running well. Due to many early orders, some enterprises have suspended receiving orders. The price of raw sulfur is strong, the cost level is high, and the price of diammonium is high. The factory quotation of 64% mainstream diammonium in Hubei is 3550-3600 yuan / ton, and the actual transaction is negotiated.

This week, the domestic market of raw phosphorus ore was consolidated at a high level. Near the Spring Festival, there was little change in the on-site supply, and the commencement remained low. The phosphorus ore was mainly used by its own or contract users. This week, the operating rate of compound fertilizer in the downstream increased, the price of compound fertilizer in some enterprises increased, and the on-site trading was good. The purchase of ammonium phosphate increased.

3、 Future forecast

The ammonium phosphate analyst of business society believes that the downstream demand for ammonium phosphate is increasing, and the on-site procurement atmosphere is good. Due to sufficient orders for ammonium phosphate in the early stage, a small number of enterprises received orders. Under the support of cost, the market is strong and upward. The price of ammonium phosphate is expected to rise steadily in the short term.

According to the monitoring data of business society, as of January 17, 2022, the average ex factory price of n-butanol in Shandong Province was 9600 yuan / ton. Compared with January 14 (the reference average price of n-butanol was 9133 yuan / ton), the average price increased by 467 yuan / ton, a decrease of 5.11%; Compared with the price on January 1 (the reference average price of n-butanol was 8300 yuan / ton), the average price increased by 1300 yuan / ton, or 15.66%.

It can be seen from the data monitoring chart of business society that at the end of last week, the domestic n-butanol market in Shandong finally rose after falling for several days. This week, the domestic n-butanol market was in short supply, the operators’ mentality was good, the downstream concentrated goods preparation was good, and the demand side performed well. On the 17th of the week, the domestic n-butanol market rose generally, and the factory increased by about 300-1200 yuan / ton, The high-end price of n-butanol broke through the 10000 yuan barrier again. The ex factory price of n-butanol in East China rose to 10200 yuan / ton, up 1200 yuan / ton compared with last weekend, and the ex factory price of n-butanol in South China rose to 10600 yuan / ton, up 1000 yuan / ton compared with last weekend. At present, the ex factory price of n-butanol in Shandong is around 9300-10200 yuan / ton, and the average price is 9600 yuan / ton. Compared with last weekend, the single day increase is 5.11%. At present, the Spring Festival is approaching, the downstream goods preparation continues, there is no pressure on the shipment of n-butanol factory, the supply side supports the upward market focus, the low-end price of n-butanol has the ability to continue to move up, and the market price difference is expected to continue to narrow.

In terms of index, the commodity index of n-butanol (industrial grade) on January 16 was 74.46, the same as yesterday, down 43.50% from the highest point of 131.79 in the cycle (2021-05-16), and up 149.11% from the lowest point of 29.89 on November 30, 2015. (Note: the period refers to the period from September 1, 2011 to now)

In terms of upstream propylene, according to the price map of business society, the price of propylene (Shandong) continued to rise slightly last week, and the increase was narrower than that of last week. As of last Friday, the propylene price in Shandong market was 7850-7900 yuan / ton. Due to the maintenance of enterprises in some areas, the supply is slightly tight, the downstream demand is insufficient, the wait-and-see atmosphere is strong, the propylene price continues to rise, the resistance increases, the demand constraints, and the price is difficult to continue to break through. At the beginning of the week, the propylene market was 7780 yuan / ton, and the average price at the weekend was 7870 yuan / ton, an increase of 1.36%.

Future analysis of n-butanol

At present, the downstream performance of n-butanol is good, and the pressure of n-butanol supply surface is relatively low. The n-butanol data division of business society believes that in the short term, the n-butanol market in Shandong will continue to be stable and strong, and more attention needs to be paid to the basic changes in supply and demand.

According to the monitoring data of the business agency, as of January 18, the average ex factory price of butanone in the domestic market was 12133 yuan / ton. Compared with the price on January 10 (the reference price of butanone was 12333 yuan / ton), the average price was reduced by 200 yuan / ton, a decrease of 1.62%; Compared with the price at the beginning of the month (the participating price on January 1 was 11533 yuan / ton), the price increased by 600 yuan / ton, an increase of 5.20%.

It can be seen from the data monitoring chart of business society that in early January, the domestic butanone market rose steadily after the new year’s day with the support of tight spot supply. On January 10, the ex factory price of domestic butanone was around 12200-12600 yuan / ton, an increase of 6.94% in the first ten days.

In the late stage, affected by insufficient demand follow-up, the overall trading atmosphere in the butanone market was cold and the mentality of the operators was frustrated. The butanone market fell for two consecutive days on November 11 and 12. Some factories successively reduced the ex factory price of butanone by 100-200 yuan / ton. The operators’ offers were mostly on the market with the line, their confidence continued to be suppressed, it was difficult to improve the enthusiasm of downstream procurement, and the actual volume was poor. On the 15th, The butanone factory in Shandong lowered the ex factory price of butanone again by about 200 yuan / ton, and then the butanone market was weak and deadlocked. As of the 18th, the ex factory price of domestic butanone was around 11800-12400 yuan / ton, and the average price was 12133 yuan / ton, a decrease of 1.62% in the late stage compared with the 10th. At present, the trading atmosphere in the butanone floor is still weak, the transaction is negotiated according to the volume, and the market news is quiet.

In terms of index, the butanone commodity index on January 17 was 131.88, unchanged from yesterday, down 1.63% from the highest point of 134.06 in the cycle (2022-01-10), and up 161.36% from the lowest point of 50.46 on March 3, 2016. (Note: the period refers to the period from November 1, 2012 to now)

In the upstream, according to the data monitoring of business agency, the average price of liquefied gas Civil Shandong market was 5610.00 yuan / ton on January 14 and 5380.00 yuan / ton on January 17, with a decline of 4.10% and an increase of 5.70% compared with January 1. On the 17th, the domestic liquefied gas market was mainly downward, with a significant decline in Shandong, ranging from 60-100 yuan / ton. At the weekend, the civil gas market in Shandong began to decline, and the market trading atmosphere was general. The slight rise of international crude oil has brought limited support to the market, the downstream mentality is cautious and wait-and-see, and there is no obvious pressure on refinery inventory. It is expected that the price may continue to weaken in the short term, but there is little room for decline.

Future analysis of butanone

At present, the tight spot supply of domestic butanone still plays a certain supporting role in the market. With the calm downstream demand, the butanone market has little chance of sharp price decline with the support of the supply side. The butanone datagrapher of business society believes that in the short term, the domestic butanone market is dominated by multi regional adjustment, and the sharp fluctuation of the market is limited, More attention should also be paid to the travel needs of raw materials and the follow-up of lower requirements.