Price trend

According to the data of business club’s block list, the domestic PA66 market fell slightly in the middle of June, and the spot prices of various brands were stable. As of June 21, the average offer price of PA66 medium viscosity injection molding sample enterprises was about 39100 yuan / ton, a decrease of 0.76% compared with the average price at the beginning of the month, and a rise of 104.18% compared with the same period last year.

Cause analysis

Upstream adipic acid, since the domestic spot price fell sharply last month, the recent market to maintain horizontal consolidation operation. Affected by the continuous effect of relatively weak demand, it entered the current round of stalemate at the beginning of the month. Fortunately, the current operating rate is not high as a whole, and there are still some enterprises stopping for maintenance, so the supply of adipic acid is relatively limited. Market adipic acid lack of guidance, it is expected that the short-term spot price will continue the stalemate trend.

Raw material adipic acid runs sideways, PA66 cost side support is maintained, recent PA66 market performance for the typical off-season supply and demand two weak market, spot price narrow adjustment. The overall operating rate of domestic PA66 industry is still not high, and the performance of on-site cost support and supply side support is acceptable. In the off-season of rubber and plastic industry, the overall wait-and-see attitude of the industry is heavy, the merchants are flexible to negotiate the shipment, the consumption of end users is shrinking, and the purchasing power is insufficient. The resistance of high price source of goods is still large. Recently, the market atmosphere is light, the market inquiry is limited, and the actual single transaction is mainly small.

Future forecast

Analysts of business news agency think: in the middle of June, the domestic market of PA66 was stable and declined, and the profit situation of polymerization enterprises and end users was not ideal. In addition, the industry is in the off-season, and the consumption is low. Capacity loss and upstream cost support still exist, but the market atmosphere is weak and supply and demand are weak. It is expected that PA66 market will be easy to fall but difficult to rise in the short term.

1、 Chart of the price trend of nitric acid Market

Price curve of nitric acid

According to the monitoring of business agency, the average price of concentrated nitric acid in domestic areas at the beginning of this week is 2266 yuan / ton, and the average price at weekends is 2300 yuan / ton, up 1.47%.

2、 Market analysis

On June 15, Anhui Jinhe quoted about 2300 yuan / ton, which was up 100 yuan / ton compared with the previous one; Wenshui Synthetic Chemical Co., Ltd., the price of concentrated nitric acid is 2200 yuan / ton, and that of dilute nitric acid is 1300 yuan / ton, and the price of concentrated nitric acid is the same as that of the last time; Shandong helitai concentrated nitric acid quoted 2400 yuan / ton, the price was the same as the last time; Anhui Audley concentrated nitric acid quoted 2300 yuan / ton, which was up 200 yuan / ton compared with the last time. The market demand of nitric acid is still acceptable, and the shipment is good. The manufacturer raises the quotation.

The production price of domestic liquid ammonia in Shandong Province rose 0.76% this week. Domestic market prices of aniline in the downstream rose 5.58% this week. The downstream TDI market price in East China is temporarily stable this week.

3、 Future forecast

The cost of liquid ammonia is supported by raw materials. The local nitric acid is in good condition and the source of goods is tight. The analyst of nitric acid in the business agency expects that the trend of nitric acid will be mainly strong.

According to the data of the commodity list of the business society, the market of formaldehyde in Shandong has risen recently. The average price of formaldehyde in Shandong was 1287.50 yuan / ton on the 15th, and 1290.00 yuan / ton on the 16th, up 0.19%. The current price has dropped by 8.94% month on month, and the current price has increased by 47.71% year on year.

Recently, the domestic formaldehyde market price rose. As of June 16, the mainstream market price in Central China was about 1296 yuan / ton, the mainstream market price in North China was 1185 yuan / ton, the mainstream market price in Northwest China was 1183 yuan / ton, and the mainstream market price in East China was 1296 yuan / ton. Recently, the trading atmosphere of formaldehyde market is acceptable, the transaction situation is good, and the formaldehyde market shows a fluctuating upward trend.

Upstream methanol situation: methanol market is mainly rising, and the negotiated price of methanol market in southern Shandong is up 10 yuan / ton to 2360-2370 yuan / ton, with cash withdrawal from the factory. Linyi received the local goods, negotiated the price to 2360-2370 yuan / ton and sent them to cash exchange. The logistics goods offer price is not available for the time being. Enterprise inventory is not high, market negotiation is relatively good. Shandong methanol Lubei market reference price 2390 yuan / ton to spot. Methanol market rose, the overall trading atmosphere is good. Strong support for formaldehyde.

At present, Shandong’s plate factories are well started, the formaldehyde market is well accepted, the demand is high, the inquiry is enthusiastic, the atmosphere of Shandong’s formaldehyde market is positive, the transaction is fair, and the focus of formaldehyde market is moving up.

Recently, the upstream raw material methanol market is on the rise, and the downstream plate factories have just the right demand and are actively purchasing. Therefore, formaldehyde analysts from the chemical branch of business society expect that the price of formaldehyde in Shandong will mainly rise in the near future.

PC market continues to run in a weak position and shows a ladder like downward trend. As of June 15, the comprehensive price of PC market was 26800.00 yuan / ton, which was dominated by weak operation in the near future. Compared with the same period last month, the price dropped by 6.73%. The price showed a ladder like downward trend. From late May to early June, the trend of PC remained weak, Lack of demand and follow-up motivation.

The PC market as a whole is running in a cold state, with a strong wait-and-see atmosphere and weak negotiation focus. The PC market is dominated by weak operation, and the downstream demand is low, which is difficult to boost in the short term. The upstream BPA is up in a narrow range, and the negotiation price is between 22500-22600 yuan / ton. The market transaction atmosphere is general, and the rising space is limited.

On June 14, the rubber and plastic index was 771 points, which was the same as yesterday. It was 27.26% lower than 1060 points (2012-03-14), the highest point in the cycle, and 46.02% higher than 528 points, the lowest point on April 6, 2020（ Note: period refers to the period from December 1, 2011 to now

PC analysts of business club think: PC will maintain weak and stable operation in the short term（ If you want to get more information about goods and master the price of goods, you can subscribe to the business community through the official account of the business community.

1、 Price trend

According to the data of business news agency’s block list, the domestic glycine price rose this week, with the price of 20000 yuan / ton at the beginning of the week and 21000 yuan / ton at the end of the week, up 5%.

2、 Analysis and comment

According to the price chart of the business club, glycine prices continued to rise this week, and the trading atmosphere was good. Manufacturers mainly completed orders from regular customers, and there was basically no inventory. Individual manufacturers stopped for maintenance, and there was no plan to drive for the time being. The overall trading atmosphere of glycine in China was good. Supported by the demand, the price of glycine went up and exceeded 20000 yuan / ton. The downstream glyphosate market is strong. It is reported that the domestic price of technical drug is about 47000 yuan / ton, which is stable this week. Most of domestic industrial glycine is used in glyphosate production. Glycine market is closely related to glyphosate. Supported by glyphosate production demand, glycine market is driven higher.

3、 Future forecast

Glycine analysts of business society chemical branch think: Overall, glycine supply and demand are stable, there is not much stock in the market, and the downstream demand supports it. It is expected that glycine will continue to explore slightly in the near future.

According to the data monitored by the business community, the PP market in early June was volatile and the spot prices of various brands were reduced. As of June 10, the mainstream offer price of T30S (wire drawing) by domestic manufacturers and traders was around 8300.00 yuan / ton, a decrease of 4.41% compared with the average price at the beginning of the month, and a rise of 6.87% compared with the same period last year.

Cause analysis

The domestic (Shandong) market price of PP upstream propylene stopped falling and rising in early June, with the price of 7781 yuan / ton at the beginning of the month, and the average price of 10 days was about 7945.82 yuan / ton, up 2.99%; June 1 is the first ten days of low price. Recently, the prices of propylene in the United States and Asia are stable, which has no significant impact on the propylene market. Propylene market inventory is not much, part of the unit maintenance has started, began to quote. Recently, events in the international crude oil market continued, and the price rise was objective, which played a certain cost support for the price rise of propylene in the first ten days. But part of the downstream down obvious, long and short game in the field, propylene or shock is expected to rise.

The upstream propylene market is warming, and PP cost side support is strengthened. Last month, the average operating rate of the industry rebounded, coupled with the off-season of traditional demand, the consumption of terminal enterprises declined. In the first ten days of this month, the domestic market continued the previous pattern. Although power rationing affected production in some regions, the overall supply pressure did not improve. This year’s new production line production involves more production capacity, and the medium and long-term expansion of production capacity is a blow to market confidence. In addition, the recent decline of RMB exchange rate has formed a certain resistance to polypropylene export, aggravating the contradiction between domestic supply and demand. The lower reaches are still resistant to high price goods, and the momentum of off-season trading is insufficient. The market is generally short, and petrochemical plants generally reduce the ex factory price.

In terms of fiber materials, according to the data monitored by the business society, as of June 10, the mainstream offer of domestic producers and traders Z30S (fiber) was similar to that of wire drawing materials, with a price of about 8566.67 yuan / ton, a decrease of 1.15% compared with the average price at the beginning of the month, and a rise of 9.13% compared with the same period last year. At present, the consumption of fiber PP is also weak, and the two kinds of oil and social inventory are rising slightly. The direct downstream non-woven enterprises tend to operate passively, and the consumption of diaper products is insufficient. Spunbonded non-woven industry and Spunlaced non-woven industry profits under pressure, the site fiber PP by multiple bad effects, continued the previous weak trend.

Meltblown materials, the recent meltblown PP market fell, spot prices generally down. As of June 10, the average quotation of pph-y1500 sample enterprises monitored by the business community was about 10400 yuan / ton. At present, the domestic epidemic situation is generally stable, and the situation of saturated demand for medical protective equipment is relatively stable. In terms of overseas epidemic situation, the recent epidemic problems in China’s neighboring countries in the Asia Pacific region are profound, which may increase the epidemic prevention pressure of neighboring countries in the future. However, the demand of overseas epidemic prevention market tends to increase the quantity of oxygen generator and other related equipment, and there is no pulling effect on melt blown PP industry. The saturation of domestic melt blown fabric manufacturing market is high, and several production lines have been confirmed to stop production recently. Melt blown PP market is expected to continue to narrow adjustment.

Future forecast

Business community PP analysts believe that: in early June, the domestic polypropylene market fluctuated and fell. The current market is still in the traditional off-season demand, low consumption. The end users have strong resistance to the high price of goods, the goods preparation is rigid, and they need to operate carefully, and the actual trading volume is small. In the year of rapid growth of PP production capacity, the medium and long-term supply side bad news is gradually released, and multiple factors amplify the contradiction between supply and demand in the industry. Crude oil and propylene in the upstream of the industrial chain are stronger and better expected. The current market support mainly comes from the upstream. It is expected that PP price will remain weak in the near future.

From May 31 to June 4, 2021, the crude benzene market price increased slightly, at 5450.83 yuan / ton at the beginning of the week and 5531 yuan / ton at the end of the week, with a weekly increase of 1.47%.

Summary of price adjustment of Sinopec’s pure benzene in 2021 (unit: yuan / ton)

Date, adjusted price, adjusted amount

May 7, 7700, + 300

May 10, 8000, + 300

May 12, 8200, + 200

May 24, 7900, – 300

May 28, 7600, – 300

June 4, 7900, + 300

On June 4, 2021, Sinopec’s registered price of pure benzene was increased by 300 yuan / ton. At present, it implements 7900 yuan / ton, of which Qilu Petrochemical implements 7850 yuan / ton.

The crude benzene market was under pressure at the beginning of the week and rose at the end of the week. At the beginning of the week, the price trend of hydrogenated benzene was dragged down by the downward trend of pure benzene market price, and the crude benzene market which started bidding on Tuesday was affected by the downward trend of most prices. Since Wednesday, the international crude oil price continued to rise, the styrene market took the lead in boosting the price rise, the hydrogenation benzene market followed the trend of pure benzene, and the price of crude benzene in Shandong and other places on Thursday was the main price.

In the future, the business community believes that the price of pure benzene market is high, the downstream market is weak, and the support for pure benzene is limited. It is expected that the crude benzene industry chain will mainly fluctuate in the short term.

Recent trend of urea price

As can be seen from the above figure, the ex factory price of urea in Shandong Province rose this week, from 2386.67 yuan / ton at the beginning of the week to 2505.00 yuan / ton at the end of the week, with an increase of 4.96%, and a year-on-year increase of 52.13%. On the whole, the urea market rose this week, with the urea commodity index of 126.98 on June 4, showing an upward trend over the weekend.

The upstream support is good, the downstream demand increases, and the supply side is tight

From the manufacturer’s quotation, the mainstream factory price of urea in Shandong rose this week. The urea price of Yangmei plain this weekend is 2460 yuan / ton, which is 70 yuan / ton higher than that at the beginning of the week; Shandong Ruixing urea quoted 2550 yuan / ton this weekend, which was 150 yuan / ton higher than that at the beginning of the week; Mingshui chemical urea has not been quoted this week.

From the data of upstream and downstream industry chain, the overall price of upstream urea products increased significantly this week: the price of liquefied natural gas increased slightly, from 3593.33 yuan / ton at the beginning of the week to 3616.67 yuan / ton at the end of the week, with an increase of 0.65%, 46.42% compared with the same period last year; The price of steam coal rose sharply, from 890.00 yuan / ton at the beginning of the week to 936.25 yuan / ton at the end of the week, up 5.20%, 69.53% year on year compared with the same period last year. The price of liquid ammonia rose sharply, from 4173.33 yuan / ton at the beginning of the week to 4350.00 yuan / ton at the end of the week, an increase of 4.23%, 41.85% over the same period last year. The quotation of melamine in the lower reaches of urea fell slightly this week, from 9333.33 yuan / ton at the beginning of the week to 9000.00 yuan / ton at the end of the week, a decrease of 0.36%.

From the perspective of demand, the agricultural demand of different regions has been followed up; The downstream compound fertilizer and rubber sheet factories started relatively high, the new orders of enterprises followed up well, melamine production resumed one after another, and the demand further increased. From the aspect of supply: in the near future, the unit maintenance of urea enterprises remains the same, the average operating rate is about 75%, the daily output is 155000 tons, the supply side is tight, and the enterprise inventory and social inventory are also maintained at a low position. On the whole, this week’s urea cost support is good, downstream demand increases, urea supply is tight, and supply exceeds demand.

The price is still strong in the future

In the first ten days of June, the urea market in Shandong may rise slightly. Urea analysts of business news agency believe that at present, the agricultural demand is rising and the industrial demand is also rising slightly, but the supply of urea is tight. It is expected that the domestic urea market will not meet the demand in the short term, and the market price will fluctuate slightly.

Just entering June, the domestic propane Market as a whole rose, Shandong and central China rose steadily, and the price of South China rebounded due to the low price in the early stage. According to the data monitoring of business news agency, the average price of propane in Shandong was 4305.75 yuan / ton on June 1 and 4323.25 yuan / ton on June 3, with an increase of 0.41% during the period and 42.33% compared with the same period last year.

Compared with the same period in 2020, propane price is on the high side this year. Just entering June, the overall price of propane in the domestic market has been increased under the favorable factors, but the negative factors still exist, which also brings some restraint to the market and limits the increase. The first reason for this upward trend is the international crude oil market, which was boosted by the international crude oil market at the beginning of this month, bringing good support to the propane Market. The second is the import volume. In June, the CP price was introduced, and there was a significant rise in the price of propane. The high import cost supported the upstream mentality, and the market transaction atmosphere was mild. Therefore, the propane market was stable and upward, South China rebounded, and Shandong and central China slightly promoted. However, there are still negative factors in the current market. Affected by seasonal factors, the market is in the traditional off-season demand, and the terminal demand is weak, which brings restraint to the rise of the market.

In the international crude oil market, on June 2, the international oil price rose significantly, with WTI up more than 1.6%. The settlement price of the main contract in the U.S. WTI crude oil futures market was $68.83/barrel, up $1.11 or 1.64%. Brent crude oil futures market settlement price of the main contract at 71.35 U.S. dollars / barrel, or 1.10 U.S. dollars or 1.57%. This is mainly due to the decision of the organization of Petroleum Exporting Countries and its allies (OPEC +) to adhere to the gradual resumption of supply plan. In addition, the progress of us Iran nuclear negotiations is slow, and the market supply pressure is expected to ease significantly.

Saudi Aramco CP announced in June that the level of propane and butane was increased. Propane was 530 US dollars / ton, up 35 US dollars / ton from last month; Butane is 525 US dollars / ton, up 50 US dollars / ton from last month.

At present, with the support of high international crude oil and gas intake, the domestic propane market is generally good. The upstream inventory in some regions is controllable, and the price is slightly pushed up. Most other regions have stable prices, and the market transaction atmosphere is mild. However, due to seasonal factors, the terminal demand is weak, which brings obvious constraints to the market. It is expected that the price of propane market will be strong in the short term, and it is unlikely to rise sharply in the later period.

1、 Price trend

According to the data of the business club’s block list, the domestic propylene (Shandong) market stopped falling and rising this week, with the price of 7781 yuan / ton at the beginning of the week and 8034 yuan / ton at the end of the week, up 3.26%; June 1 is the weekly low price, 7714 yuan / ton, the weekly price is 4.15%.

2、 Analysis and comment

According to the price chart of business news agency, Shandong propylene price stopped falling and rising this week. In early June, the price continued to decline. After a sharp rise of 150-250 yuan / ton on the 3rd, it continued to rise slightly on the 4th, with a range of 50 yuan / ton. Now the market turnover has risen to 7850-8250 yuan / ton, and the mainstream price is about 8050 yuan / ton. On June 3, propylene prices in the United States and Asia were stable, with no significant impact on the propylene market. Propylene market inventory is not much, part of the unit maintenance has started, began to quote.

Recently, the international crude oil market events continue, and the price rise rate reached 11%, which played a certain cost support for the propylene price rise this week.

PP price is stable this week, futures market is general, less impact on propylene.

Acrylic acid prices fell by 5.85 this week, which had a negative impact on propylene.

This week, the market of propylene oxide showed a ladder like decline, with a weekly decline of 6.07%, which had a negative impact on propylene.

Epichlorohydrin market fell slightly this week, with a weekly decline of 5.76%, which had a negative impact on propylene.

This week, the domestic n-butanol price showed a double peak trend, with no weekly rise or fall, and the weekly amplitude was 0.45%, which had limited impact on the propylene market.

This week, the price of isooctanol rose by 3.33%, and the impact on propylene was limited.

Isopropanol prices continued to fall sharply this week, with a weekly drop of 12.24%, which had a negative impact on propylene.

This week, the phenol Market Price in East China went down, with a weekly decline of 4.27%, which had a small inhibitory effect on propylene.

This week, the quotation of acetone manufacturers in East China market continued to decline, with a weekly decline of 17.09%, which also had a greater effect on propylene suppression.

This week, the market price of acrylonitrile continued to rise, with a weekly increase of 3.8%, which had little impact on propylene.

3、 Future forecast

Propylene analysts from the chemical branch of business society think: in general, the domestic inventory is still small, some maintenance devices are back to work, enterprises begin to quote, crude oil market is up, some downstream is down obviously, long short game, propylene is expected to rise or shock.