1、 Price trend

Take sulfuric acid rutile titanium dioxide, which has a large volume in domestic market, as an example. According to the data of the business club, the price of titanium dioxide rose this week. At the beginning of the month, the average price of domestic titanium dioxide was 19600 yuan / ton, and at the end of the month, the average price was 20266.67 yuan / ton.

2、 Market analysis

This month, the domestic market price of titanium dioxide rose, and more than 20 manufacturers, including Huiyun titanium industry, anada, haifengxin, longmangbaili, successively announced the rise. The domestic trade price rose by 1000-1500 yuan / ton, and the export price rose by 120-200 US dollars / ton. The overall market confidence is good, the export market of titanium dioxide is good, the manufacturers have more orders on hand, and the enterprises have been waiting until June to receive orders, so the market supply is tight. Up to now, the domestic price of rutile titanium dioxide including tax is 19600-20600 yuan / ton; The ex factory quotation of anatase titanium dioxide including tax is 16800-18500 yuan / ton; The price of chlorinated titanium dioxide including tax is 19500-22000 yuan / ton.

According to customs data, in March 2021, China’s export of titanium dioxide was about 126900 tons, a year-on-year decrease of 14.92% and a month on month increase of 34.38%; From January to March, the cumulative export volume was about 328000 tons, up 1.46% year on year, and 4731.86 tons year on year from January to March 2020.

In March 2021, China’s import of titanium dioxide was about 16200 tons, with a year-on-year growth of 32.57% and a month on month growth of 11.64%; From January to March, the total import volume was about 46500 tons, with a year-on-year growth of 24.67%. Compared with January to March 2020, the import volume increased by 9211.67 tons.

In terms of raw materials, the price of titanium ore continued to rise this month. In some areas, the start-up of titanium ore is still low, the manufacturers have more orders in the early stage, and the market spot supply is tight. Up to now, the price of 46,10 titanium ore from small and medium-sized manufacturers is 2380-2420 yuan / ton; The price of 47 and 20 mines is about 2400 yuan / ton, and that of 38 and 42 mines is 1600-1650 yuan / ton without tax. In the short term, the price of Panxi ilmenite is relatively firm, the spot of ilmenite is still tight, some miners are reluctant to sell, and the new price of ilmenite may rise steadily, which is a single discussion.

According to customs data, in March 2021, China imported 395900 tons of titanium ore, with a year-on-year growth of 69.40% and a month on month growth of 12.31%; From January to March, the cumulative import was about 1027000 tons, with a year-on-year increase of 31.11%, and the total import from January to March 2020 was about 243700 tons.

In March 2021, China exported 2414 tons of titanium ore, a year-on-year decrease of 71.90% and a month on month increase of 15.78%; From January to March, the total export was about 9945 tons, a year-on-year decrease of 15.74%.

In terms of sulfuric acid, the price of sulfuric acid in Shandong Province rose this month, according to the data of business news agency’s block list. The average price of sulfuric acid at the beginning of the month was 516.67 yuan / ton, and that at the end of the month was 580 yuan / ton. The price rose by 12.26% in the month. In the short term, the sulfur market in the upper reaches has been consolidated at a high level in the near future, and the cost support is good. However, the purchasing enthusiasm in the lower reaches is general, the supply of sulfuric acid is normal, and the ex factory price of sulfuric acid rises slightly in the future.

3、 Future forecast

Titanium dioxide analysts of business news agency believe that: the spot market of titanium ore continues to be tight, the price rises, the price of sulfuric acid also continues to rise, and the cost support performance is strong. At the same time, export orders performed well. Under the superposition of positive factors, the titanium dioxide market will continue to rise in the short term.

1、 Price trend

As can be seen from the figure above, the price of sulfuric acid distribution in Shandong increased this week, from 566.67 yuan / ton at the beginning of the week to 580.00 yuan / ton at the end of the week, with an increase of 2.35%, 98.29% over the same period last year. Overall, the sulfuric acid market rose this week, with the sulfuric acid commodity index at 90.27 on April 23.

2、 Market analysis

From the quotation of manufacturers, the price of mainstream sulfuric acid manufacturers in Shandong Province rose this week, with large inventory and general downstream demand. Heze Jiangyuan quoted 720 yuan / ton over the weekend, up 40 yuan / ton compared with the beginning of the week; Zouping Tianlu quoted 570 yuan / ton at the weekend, which was temporarily stable compared with the beginning of the week; Jinan Yuanfei quoted 450 yuan / ton, which was temporarily stable compared with that at the beginning of the week.

From the perspective of the upstream and downstream industry chain, the sulfur market in the upstream has been consolidated at a high level recently, and the cost support is good. Moreover, the market prices of monoammonium phosphate, diammonium phosphate and bromine in the downstream are also rising, which has a positive impact on sulfuric acid.

3、 Future forecast

In late April, the sulfuric acid Market in Shandong may rise slightly. The price of sulfur in the upper reaches has been consolidated at a high level in recent years, the market in the lower reaches is better, the purchasing enthusiasm of sulfuric acid in the lower reaches is normal, and the product trend rises under the contradiction between supply and demand. Business community sulfuric acid analysts believe that the short-term Shandong market in the supply and demand and raw materials and other aspects of the impact of sulfuric acid market or small shock rise.

1、 Price trend

According to the data monitoring of Business News Agency: on April 23, the average price of domestic LNG was 3083.33 yuan / ton, down 6.94% compared with the beginning of this week, down 15.53% compared with the beginning of this month, and up 2.78% compared with the same period last year.

2、 Analysis of influencing factors

This week, the domestic LNG market continued to decline, with a decline rate of 6.94%. The liquid prices of Shaanxi, Inner Mongolia, Ningxia and other places fell in a wide range. Near the weekend, Shanxi, Henan and other places pushed up slightly, and the market showed a mixed situation of rise and fall, but the overall trend was still downward, with the liquid prices mostly around 3000 yuan / ton. In the off-season, the market demand is limited, and the downstream stock increases before the festival, but the boost is insufficient. Near the May Day holiday, the logistics may be limited, and the liquid plant will continue to reduce the price and arrange the warehouse operation. The profits will shrink seriously, the production will lose money, the operation space of traders is not big, and the industry has a strong bearish mentality. At present, the feed gas is reduced to 1.88 yuan / m3, which reduces the price pressure of liquid plants. However, with sufficient domestic supply and limited demand, low-cost imported gas continues to compete for the domestic market. There is a certain pressure on liquid plants to ship. Some low-end liquid prices are driven up by stop loss mentality, and the rebound of imported gas drives the price of peripheral liquid plants up, but it is difficult to form an obvious turning point, and the market is still weak.

On April 23, the domestic liquefied natural gas market continued to decline, and the range slowed down. The price of 3000-3200 yuan / ton in Inner Mongolia, 3050-3200 yuan / ton in Shaanxi, 3150-3250 yuan / ton in Shanxi, 3100-3190 yuan / ton in Ningxia, 3350-3500 yuan / ton in Henan, and 3100-3300 yuan / ton in Hebei rebounded, The price of liquid varies from place to place, but declines as a whole.

region Specifications April 23rd April 19th Up and down

Inner Mongolia liquified natural gas 3000-3200 3130-3350 Down 130-350

Shaanxi liquified natural gas 3050-3200 3220-3350 Down 170-300

Shanxi liquified natural gas 3150-3250 3030-3300 Down 50-150

Ningxia liquified natural gas 3100-3190 3250-3300 Down 150-200

Henan Province liquified natural gas 3350-3500 3100-3450 Up 50-100

Hebei liquified natural gas 3100-3300 3070-3450 Down 150-350

Downstream products are mixed:

Methanol. On April 23, the reference price of methanol was 2510 yuan / ton, up 2.87% from the beginning of the week. The mainstream negotiation of methanol market in central Shandong fell to 2360-2380 yuan / ton, which was delivered by cash. Shandong methanol Lubei market reference price fell to 2380-290 yuan / ton, spot delivery. The methanol market in southern Shandong negotiated to 2380-2400 yuan / ton in cash. Linyi received the local goods to negotiate the price to 2370-2390 yuan / ton and sent them to cash exchange. The logistics goods offer price is not available for the time being. The downstream reception is limited and the atmosphere is general.

Urea, April 23, Shandong urea market rose, urea reference price was 2166.67, up 1.56% compared with the beginning of the week, upstream liquid ammonia market has a rising trend in the near future, cost support is good. In the aspect of demand, agricultural demand is mainly sporadic procurement; The start-up load of downstream compound fertilizer and rubber sheet plants increased slightly, and most of them followed the market. Supply side: at present, urea plant maintenance, supply side tightening. The operating rate of urea enterprises is about 70%, which has decreased, and the daily output has dropped to below 150000 tons. In the future, urea supply is slightly insufficient, but the demand is rising. Short term urea market is expected to rise slightly.

Dichloromethane, on April 23, the market of methane chloride in Shandong area was temporarily stable, and the quotation of manufacturers was basically stable. The main factory quotation of dichloromethane was about 3400-3470 yuan / ton, and the main factory quotation of trichloromethane was about 3940-4100 yuan / ton. The shipment of trichloromethane was smooth, and the inquiry of dichloromethane was slightly reduced.. At present, there is little pressure on the supply side, but the performance of cost and demand is weak. It is expected that the price of dichloromethane will be weak in the future.

3、 Future forecast

According to the LNG analysts of business news agency, at present, the domestic supply is sufficient and the market demand is limited in the off-season. Low price imported gas continues to compete for the domestic market. Before the festival, the liquid plants continue to reduce the price and drain the stock. The price continues to decline. Due to the stop loss mentality in some areas and the rebound of imported gas in the surrounding areas, the willingness to support the market is strong, but the bad news is intertwined, It is expected that there will be no obvious turning point in the market of liquefied natural gas, which is still dominated by low volatility,

According to the data monitored by the business agency, as of April 20, the average price of domestic rubber grade high-grade silica was 4733.33 yuan / ton, the upstream support was general, the downstream demand was limited, the operating rate was normal, the negotiation atmosphere was flat, the mainstream price range was 4000-5000 yuan / ton, and the price was mainly stable.

The domestic rubber grade silica market has a stable overall trend with stable price. The main contract orders are the main ones, and the downstream just needs to purchase. The purchasing atmosphere is flat. The number of new orders is limited. Most of the new orders are mainly discussed. The merchants have a stable mentality and general negotiation atmosphere. The merchants are cautious in taking the goods and slow in shipping. The overall market supply and demand is balanced, the shipping is normal, and the inventory is general.

Chemical industry index: on April 19, the chemical industry index was 1035 points, up 9 points from yesterday, down 1.33% from 1049 points (2021-03-10), the highest point in the cycle, and up 73.08% from 598 points, the lowest point on April 8, 2020. (Note: period refers to the period from December 1, 2011 to now)

The upstream hydrochloric acid market has a stable trend, the quotation of manufacturers in the hydrochloric acid market is temporarily stable, and the hydrochloric acid market maintains a stable operation in the short term. The hydrochloric acid index: on April 19, the hydrochloric acid commodity index was 59.65, down 0.88 points from yesterday, down 40.35% from the highest point of 100.00 points in the cycle (2011-09-12), and up 231.76% from the lowest point of 17.98 points on September 5, 2012. (Note: period refers to 2011-09-01 to now).

According to the silica analysts of business news agency, the silica market is stable, mainly for contract customers, and the number of new orders is limited. (to know more about the industry chain market trends, welcome to pay attention to the official account of the business community, obtain commodity information, and grasp the commodity price).

Trade name: urea

Latest price (April 19): 2133.33 yuan / ton

On April 19, the ex factory quotation of urea in Shandong increased by 20.00 yuan / ton, or 0.95%, compared with the quotation on April 16. Upstream liquid ammonia market recently fell slightly, cost support in general. Demand side: agricultural demand is mainly sporadic procurement; downstream compound fertilizer, plastic plate plant start load increased slightly, most go with the market. Supply side: at present, the operating rate of urea enterprises is about 70%, with a decrease, and the daily output is about 150000 tons. Urea plant maintenance, supply side tightening.

In the future, it is expected that the short-term urea market will fluctuate slightly and rise mainly: the average price quoted by manufacturers is about 2140 yuan / ton.

According to statistics, the price trend of domestic fluorite was temporarily stable this week. By the end of the week, the average price of domestic fluorite was 2738.89 yuan / ton, which was the same as that at the beginning of the week, with a year-on-year decrease of 7.5%.

This week, the price trend of fluorite remained at a high level. Recently, the manufacturers reported that the order situation of fluorite was general, the shipping situation of merchants in the yard was normal, the supply of fluorite in the yard was normal, and the price trend in the yard was temporarily stable. The domestic fluorite manufacturers are running stably. The start-up of mines and flotation units in the fluorite yard remains at a low level. The delivery of fluorite in the fluorite yard is general, and the price trend of fluorite market is stable. As of the end of the week, the price of 97 fluorite wet powder was 2500-2700 yuan / ton in Inner Mongolia, 2700-2900 yuan / ton in Fujian, 2700-2900 yuan / ton in Henan and 2700-2900 yuan / ton in Jiangxi. The domestic fluorite price trend is stable in the near future .

The price trend of fluorite downstream hydrofluoric acid market is stable. By the end of the weekend, the domestic hydrofluoric acid market price was 10622.22 yuan / ton. This week, the price trend is stable. The price trend of hydrofluoric acid market is stable, which has a certain positive support for the upstream fluorite market, and the fluorite price trend remains high. The trend of domestic refrigerant market is rising. Recently, the sales market of automobile industry has improved, and the refrigerant market has improved. The demand is mainly based on demand. The trend of refrigerant industry has increased, and the market of various types of refrigerants has increased slightly. However, the manufacturers are under pressure to ship, the sales pressure is large, the price of raw material hydrofluoric acid is stable, which brings a certain cost support, and the export volume of refrigerants has little change The output of downstream air conditioning is low, the demand is scarce, the off-season effect of after-sales market continues, and the price of refrigerant increases little. On the whole, the positive factors support the refrigerant market generally, and the price increase is limited. At present, the load of refrigerant R22 manufacturers is not high, the inventory is in a reasonable range, and the market price is slightly higher, but the downstream receiving capacity is limited, there is a lot of wait-and-see mood, the delivery of goods is not smooth, the actual focus of transaction is slightly rising, some businesses still have the phenomenon of cost inversion, and the mainstream of on-site negotiation is 16000-17500 yuan / ton. Low load operation of domestic R134a manufacturers supported the price trend of R134a to rise slightly. At present, the demand has increased compared with the previous, the downstream enterprises have started to work, and the traders have a strong wait-and-see mood. At present, the market quotation of refrigerant R134a is mostly in the range of 20000-23500 yuan / ton, and the price is high, but the transaction atmosphere is general, the downstream refrigerant market has improved, and the price of fluorite maintains a high level.

Overall, the market of the downstream refrigerant industry has slightly improved, but the supply of hydrofluoric acid in the market may increase in the near future. In addition, the supply of fluorite in the market has risen. Business analyst Chen Ling believes that the fluorite market price may fall slightly in the short term.

According to the data of the commodity list of the business society, the market price of formaldehyde in Shandong has recently dropped. On April 9, the average price of formaldehyde in Shandong was 1400.00 yuan / ton, and on April 12, the average price of formaldehyde in Shandong was 1333.33 yuan / ton, down 4.76%. The current price is up 1.27% month on month, and the current price is up 50.94% year on year.

Recently, the price of formaldehyde in the domestic market has dropped. As of April 12, the mainstream market price in Central China is about 1370yuan / ton, the mainstream market price in North China is 1455 yuan / ton, and the mainstream market price in East China is down 23 yuan / ton to 1385 yuan / ton. Shandong Linyi Galaxy formaldehyde production capacity of 120000 tons / year formaldehyde plant has been restarted. Recently, the atmosphere of formaldehyde market is cold, the lower reaches are more resistant to the high price of formaldehyde in the early stage, the attitude of receiving goods is not positive, and the formaldehyde market is on a downward trend.

Upstream methanol situation: the methanol market is mainly stable, supported by futures, the price is strong, the downstream just needs replenishment after the festival, and the domestic methanol market fluctuates little. Port to inventory low-cost goods still impact the market, coupled with the downstream acceptance capacity is limited, lack of follow-up firm offer, the price is unable to rise, maintain stability. The overall trading atmosphere of methanol is general, the traders are cautious, the downstream part is on the lookout, and the support for formaldehyde is limited.

Under the background of a new round of 20 day environmental protection inspection in China which started on April 8, the downstream plate factories started to tighten up, the demand for formaldehyde decreased, the formaldehyde manufacturers took the initiative to lower the quotation in order to ship, the trading atmosphere of formaldehyde market was general, the downstream receiving mood was negative, and the formaldehyde industry continued to decline.

Recently, the upstream raw material methanol market is stable, the downstream plate factory demand is not good, the purchasing attitude is negative, so the formaldehyde analyst of business society chemical branch expects that the recent formaldehyde price in Shandong will mainly fall below.

1、 Price trend

According to the monitoring data of the business community, the average price of EPS common material was 10250 yuan / ton on April 5 at the beginning of this week, and 10600 yuan / ton on April 9 at the end of this week, up 40.40% compared with the same period last year.

2、 Market analysis

This week, the EPS market rose first and then declined, and the overall trend was slightly higher. Styrene rebounded strongly after the Qingming Festival. As of April 8, Jiangsu styrene spot was about 8850 yuan / ton, down 200 yuan / ton or 2.21% compared with the closing price of 9050 yuan / ton on April 1. At the beginning of the week, the strong upward trend of styrene led some terminal merchants to replenish goods in an appropriate amount. However, toluidine was near the cost line. In the middle of the week, styrene began to callback continuously to depress the market atmosphere. In addition, terminal demand was still recovering slowly. Some EPS factories were under pressure in shipment, and the downstream buyers were not willing to buy. The overall turnover was significantly weakened.

On the supply side, some of the plants have been shut down for a short time, and the output is expected to decrease slightly next week. On the demand side, the demand for plate in North China and Northeast China has improved, but the recovery of packaging market in East China and South China is relatively slow, and the market demand is expected to increase slightly next week.

3、 Future forecast

At present, the demand for packaging in East China and South China is weak, while the demand for graphite and B1 fuel in North China is better, especially in xiong’an and Hebei. The EPS market is expected to be weak next week.

On April 1, the oil policy discussed at the ministerial meeting of the organization of Petroleum Exporting Countries and its allies (OPEC +) was implemented, and the international oil price rose sharply. The settlement price of the main contract in the U.S. WTI crude oil futures market was $61.45/barrel, up $2.29 or 3.9%. Brent crude oil futures market settlement price of the main contract at 64.86 U.S. dollars / barrel, or 2.12 U.S. dollars or 3.4%. WTI rose nearly 4%. OPEC + meeting finally decided to gradually increase production in the next three months. Although it broke the expectation of no production increase, the production increase scale was small, and Saudi Arabia’s 1 million barrels additional production reduction was also a gradual exit. In addition, it is generally expected that the rapid recovery of the US economy and the epidemic situation in Europe will only have a temporary impact, and the oil price will rebound sharply.

OPEC + agreed to gradually increase oil production in the three months starting from May. OPEC + stated that the meeting approved the adjustment of production level in May, June and July 2021. OPEC + will continue to hold monthly OPEC + ministerial meeting to assess the market environment and decide the adjustment of production level in the next few months. Each adjustment will not exceed 500000 B / d.

According to the production quota of each country published on the official website of OPEC, OPEC will increase oil production by 350000 B / D, 350000 B / D and 441000 B / D in May, June and July respectively. Moreover, Saudi Arabia will phase out the 1 million B / D voluntary production reduction since January, reduce by 250000 B / D in May, 350000 B / D in June and 400000 B / D in July.

As far as the results of the OPEC + meeting are concerned, it is beyond the previous expectation to maintain the scale of production reduction, but why did the oil price rise sharply instead?

Specifically, first of all, the OPEC + production control policy is still cautious. First, the policy will be more flexible. OPEC + will evaluate the market every month and make a new decision to adjust the output, so as to more effectively prevent the market supply and demand risks. In addition, Saudi Arabia’s withdrawal of 1 million B / D of additional production reduction is also gradual, which will reduce 250000, 350000 and 400000 B / D respectively from May to July, giving the market a certain buffer time.

The market is still optimistic about the future demand of the oil market. Crude oil inventory may gradually enter the process of decontamination in the second quarter. The demand data of the United States is very stable. The Biden government has previously launched a 1.9 trillion stimulus plan and is currently brewing 2.3 trillion infrastructure stimulus measures. With the continuous promotion of vaccination in the United States and the control of the epidemic situation, the growth of oil demand in the United States may usher in a new era Explosive growth. China’s economy has returned to normal at an earlier time. At present, the main obstacle to economic recovery is Europe. However, the market expects that the European blockade is only temporary. With the acceleration of vaccination, the European economy will also enter the recovery track. Optimistic expectation is the main driver of the rise in oil prices.

Business News crude oil analysts believe that the recent oil prices are still affected by the European epidemic, and there are many obstacles to break through. In the medium and long term, as the European epidemic eases, oil prices still have the power to rise. But in the long run, the main uncertain factor of the oil market is the increase in shale oil production in the United States. At present, it is recorded that American energy companies have increased oil and gas drilling for the third consecutive week. The number of active oil drilling rigs has increased to the largest since January 2020. The oil price is still in the comfortable range of shale oil cost and profit. More and more energy companies have plans to increase expenditure in 2021, while the oil price is still in the stable range This followed cuts in drilling and completion spending over the past two years. Overall, the oil market will still seek to rebalance supply and demand in the future under the game of OPEC + production control and U.S. production increase. Oil prices may continue to rise, but we should be cautious.

1、 Price trend

According to the monitoring data of business news agency, the average price of PS (GPPS 525) was 9766 yuan / ton on March 29 at the beginning of this week, and 9766 yuan / ton on April 2 at the end of this week, which was stable% and increased by 26.84% compared with the same period last year.

2、 Market analysis

This week, PS market was temporarily stable, raw material styrene rose, coupled with low volume trading, offer has a certain rise. Buying high mood cautious, small and medium-sized downstream to pull up after the decline in acceptance of the source of goods, contract volume. In the East China market, the benzene penetration revenue was 9900-13300 yuan / ton, with the low end up 300 yuan / ton and the high end up 200 yuan / ton.

In terms of cost, the strong rise of raw material styrene has driven the cost center to move up and the cost support is strong. On the supply and demand side, the PS inventory decreased significantly and the market supply pressure decreased, but the acceptance of small and medium-sized downstream to the higher supply decreased, or inhibited further upward space. It is estimated that benzene penetration in East China market will be 10000-13500 yuan / ton.

3、 Future forecast

PS market shipment situation has improved, business light warehouse based, coupled with the cost performance is fair, some or a small rise, short-term PS market or narrow strong.