1、 Price trend

 

According to data monitoring of business agency, the average price of LNG on April 16 was 3226.67 yuan / ton, down 1.63% compared with the average price of 3280 yuan / ton at the beginning of the month (1 day), and down 9.53% compared with the same period last year. On April 16, the LNG commodity index was 79.53, down 0.66 points from yesterday, down 61.94% from 208.96 (2017-12-25), the highest point in the cycle, and up 15.51% from 68.85, the lowest point on October 7, 2019. (Note: cycle refers to 2012-09-01 to now)

 

Chitosan oligosaccharide

2、 Analysis of influencing factors

 

The figure above shows the price trend of Shaanxi and some parts of Inner Mongolia, showing the up and down market. LNG prices fell continuously before the festival to the lowest point of 3146.67 yuan / ton, with a decline rate of 4.06%. After the festival, the mode of continuous rise was started, reaching the highest point of 3280 yuan / ton on the 13th, and began to decline after the 15th, forming an overall “n” trend. After the festival, the rising trend did not continue. In just a few days, the market returned to calm again. It can be said that the market came and went in a hurry.

 

According to the data monitoring of business agency, as of April 16, the LNG price of Inner Mongolia Erdos Xingxing Energy Co., Ltd. is 3250 yuan / ton, Inner Mongolia etokeqian banner Shitai Natural Gas Co., Ltd. is 3180 yuan / ton, Xinjiang Guanghui naomao Lake (east of Lanzhou) is about 2850 yuan / ton, Shanxi Qinshui Xinao LNG price is 3300 yuan / ton, Shaanxi Zhongyuan green energy natural gas Co., Ltd LNG price of Ren company is 3250 yuan / ton, that of Dazhou Huixin Energy Co., Ltd. is 3400 yuan / ton, and that of Xinjiang Qinghua is 3600 yuan / ton.

 

In April, heating in the northern region began to end one after another. As the heating demand in the lower reaches of natural gas decreased gradually, the LNG market in China gradually entered the off-season. In addition, the intake gas continuously gave way to profits, which impacted the domestic LNG market. The delivery pressure of liquid plants was high, the inventory was high, and the pressure of LNG was low. During the Qingming holiday, due to the restriction of Expressway on dangerous chemical vehicles, many places failed to deliver goods, and the inventory was high. In some areas, the quotation was lowered and the goods were shipped. However, the demand for LNG filling station increased, which led to the price rising in some areas. After the holiday, the terminal began to replenish goods mainly from the filling station. At the same time, in April, the state vigorously promoted the resumption of production of enterprises, which led to a certain increase in industrial gas consumption In addition, after the price reduction and promotion before the festival, the delivery situation in Shaanxi, Inner Mongolia and other places improved, inventory decreased, the willingness of liquid plants to continue to decline weakened, and the price began to rise. At present, some factories will enter the maintenance season, the market supply may be slightly reduced, and manufacturers are willing to increase prices. In addition, due to the low LNG price before the festival, the downstream market is active, and the overall transaction atmosphere of the market is good. The delivery of liquid plants is smooth, the liquid level is generally not high, and the price is gradually rising. However, due to the impact of the drop in the spot price of imported LNG and the impact on the domestic LNG market, there is a lack of practical support for the liquid price, which has been under pressure. At present, the industry has entered the off-season, with sufficient market supply and insufficient demand follow-up, it is difficult for domestic LNG market to have a large increase.

 

Recently, crude oil price war fluctuated violently. Crude oil futures in New York fell to $19.2/barrel on the 15th, but the continuous decline of crude oil temporarily has limited impact on the natural gas industry. At present, the decline of domestic LNG price is mainly due to low demand and high inventory in the industry during the off-season. However, the continuous decline of international oil price has a certain impact on the long-term price of LNG import. The long-term price is linked to the international oil price in the past few months. If the price of imported gas is at a low level for a long time, there will be no small pressure on the domestic LNG market.

 

Azodicarbonamide (AC foaming Agent)

At present, the natural gas industry is recovering, but affected by public health events, the growth rate is slow, the situation of supply exceeding demand is difficult to reverse in a short period of time, and it still needs to wait for full resumption of production to drive demand. China imported 130 million tons of crude oil from January to March, 24.66 million tons of natural gas from January to March, with a year-on-year growth of 1.1% in the total amount of imported natural gas, 26.25 billion cubic meters of total natural gas supply (excluding gas storage), and 1.0% in the apparent consumption of natural gas.

 

Industry: according to the price monitoring of the business agency, on April 16, 2020, the price of bulk commodities in the list of energy sector rose one commodity month on month, with dimethyl ether (2.57%) rising. There are 9 kinds of commodities falling on a month on month basis, and 1 kind of commodity falling by more than 5%, accounting for 6.3% of the number of commodities monitored in this sector; the top 3 products falling are Brent crude oil (- 6.45%), diesel oil (- 2.04%) and gasoline (- 1.81%). The average price of this day was – 0.7%.

 

3、 Future forecast

 

According to the LNG analyst of business association, at present, the LNG market is stepping into the off-season, the downstream demand is general, the price of liquid in many places tends to be stable, and some areas begin to callback. It is expected that the price will mainly be consolidation in the short term.

http://www.lubonchem.com/

1、 Price trend

 

According to the data of the business club’s large scale list, the domestic toluene market price stopped falling and rebounded this week. As of Friday, the domestic average price was about 3290 yuan / ton, up 7.87% from last week.

 

2、 Analysis and comment

 

Azodicarbonamide (AC foaming Agent)

1. Product: under the good boost of crude oil trend, the price of toluene producers and distributors has been raised. As a result, the price of toluene in China has risen sharply. At present, the mainstream price in East China is about 3400 yuan / ton.

 

2. Industrial chain:

 

Upstream, crude oil: before Thursday, under the expectation of OPEC + production reduction, the overall trend of wide fluctuation and climbing was maintained. On Friday, the new draft of OPEC + production reduction agreement was finalized, but there were still differences among some oil producing countries. OPEC Representatives announced that they would restart the negotiations on Friday. With the deepening of the negotiations, the uncertainty increased, and the outside world’s attitude towards the strength of production reduction and all parties remained Doubt, leading to international crude oil overnight ups and downs, late plummeting. As of Friday day, spot Brent rose 0.25%, Brent futures rose 1.07%, WTI futures fell 6.73%, and Dubai futures fell 4.65%.

 

On the downstream side, in terms of TDI, at present, Shanghai’s delivery quotation of goods with tickets refers to about 10200 yuan / ton, and it is expected that the TDI market will rebound in the next week, paying close attention to the factory’s later information guidance and the actual market trading situation. In PX market, the price of domestic Sinopec’s enterprises this week is about 4300 yuan / ton, and the latest price of the external market is about 462 US dollars / ton for FOB South Korea and 480 US dollars / ton for CFR China. It is expected that PX market price will rebound in shock next week.

 

3、 Future forecast

 

Toluene analyst of business and chemical branch thinks: in the short term, on the supply cost side, the new production reduction agreement draft of OPEC + oil producing countries is settled, but there are still differences between some oil producing countries, and the international crude oil price may still fluctuate and grind to the bottom. In the medium term, we will see the demand side, the inflection point of the epidemic and the progress of economic recovery. Next week, we will continue to focus on the news of OPEC + production reduction, worries about the global economic recession caused by the continuous spread of overseas epidemics, the trend of international crude oil and the progress of the resumption of construction of domestic downstream enterprises. Overall, it is expected that toluene prices in the international crude oil market and South Korean market will fluctuate and callback next week, and toluene prices in the domestic market will follow the shock adjustment next week.

http://www.lubonchem.com/

1、 Price trend

 

On April 13, the market price of propylene in Shandong Province was generally stable, and some enterprises increased sharply to make up for the increase trend, but most of them are mainly stable today. Last month, the price of propylene in Shandong Province fell in shock. At the end of the month, it fell sharply again, with a monthly decline of more than 15%. On the first day, the price continued to decline by 100-200 yuan / ton, on the second day, it still declined by 50 yuan / ton, on the third day, the price of some enterprises slightly increased by 50-100 yuan / ton, after the Qingming period, the price of propylene steadily increased, on the seventh day, it began to rise by 100 yuan / ton, on the tenth day, it rose by 200-300 yuan / ton, and on the 11th day of Saturday, it was generally increased by more than 1000 yuan / ton, on the 12th day of Sunday, it continued to soar by 1000-5000 yuan / ton, on Monday After the sharp rise in the weekend, the market may need to digest. Today, the price has not changed. Some of the soaring enterprises have suspended the quotation today. Now, the market transaction is still between 8000-12000 yuan / ton.

 

2、 Analysis and comment

 

Azodicarbonamide (AC foaming Agent)

As far as propylene itself is concerned, its storage capacity is not high, long-term inventory cost is large, and tank capacity pressure is large.

 

Affected by the international situation, many countries have introduced production reduction policies to improve the crude oil market and increase the propylene price.

 

On the other hand, due to the impact of public health events, PP fiber materials have been widely concerned and demand has surged this year due to the application of masks. After April, especially before and after the Qingming Festival, the demand has suddenly increased, and the price of melt blown cloth has skyrocketed, and the raw materials are more favorable. The modified special material in PP is the melt blown cloth material, and the price has risen significantly. However, PP futures continued to rise last week, and there was a trading limit on Friday. Today’s market is still up, but there is no previous increase, which is conducive to the recovery of propylene price.

 

In fact, the total demand of masks for raw materials is limited. And because of the sharp rise of propylene, in terms of the rational market price of propylene at this stage, other downstream products of propylene are in a state of loss, the degree of loss may be large or small, but it is not conducive to their production and sales, so there are rumors of production suspension or reduction in other downstream products, which creates a certain pressure on the rise of propylene.

 

At present, there is good news about the reduction of crude oil production. PP in the downstream is rising obviously but the follow-up is limited. Most of the other downstream are affected or have plans to reduce production, or will cause pressure on propylene sales. Therefore, it is expected that the price of propylene will start to fluctuate in the near future.

http://www.lubonchem.com/

1、 Price trend

 

According to the price monitoring of the business agency, the domestic aggregate MDI market continued to decline this week. At the beginning of the week, the average price of the domestic aggregate MDI market was 11100 yuan / ton. At the end of the week, the average price of the domestic aggregate MDI market was 11050 yuan / ton, with a decrease of 0.45% within the week. The price fell 8.49% month on month and 39.53% year-on-year compared with the same period last year.

 

2、 Market analysis

 

Gamma-PGA (gamma polyglutamic acid)

Product: this week’s news was short of guidance. In terms of the factory, the guidance price of keschuang continued to hang flat, with little support for the market. At the same time, Ruian’s offer was significantly reduced from 1100 yuan / ton to 10200 yuan / ton, which pushed a further force on the declining MDI. In addition, although the demand side is going back to work and production is stable, it will still take time for resale, with limited consumption of raw materials and weak demand. Therefore, both from the supply side and from the demand side are “boosting” the decline of MDI market, and the trend of crude oil on the macro side is still unclear, which reflects that MDI market makes the market operators more cautious.

 

Industrial chain: raw materials, pure benzene: domestic pure benzene market is up and down. Foreign prices are mainly rising, while CFR China’s foreign market upside supports domestic buying prices. The number of new production cuts at the OPEC + meeting was less than expected, and the epidemic continued to reduce demand, and there were still concerns about overcapacity. Oil prices closed lower on the 9th. Sinopec’s listing price was raised, but the negotiation was less than the market expectation, and the price in East China fell. There is still a need to focus on upstream energy price trends. It is estimated that the short-term pure benzene market will be consolidated within the range.

 

Aniline: this week, the domestic aniline market continued to decline, the demand for terminal rubber additives was still low, and the downstream market maintained rigid demand. At the beginning of the week, the manufacturer’s inventory accumulated a lot. Although the price of pure benzene continued to rise in the later period, the delivery pressure was still there. At the end of the week, Shandong Jinling led the decline, and the market kept falling. After the profit was released, the downstream market improved, and the manufacturer’s inventory gradually digested, but the aniline profit It is still at a high level, and the starting load of the manufacturer is basically stable. In terms of devices, Huatai devices were temporarily overhauled earlier this week, while the rest remained stable.

 

3、 Future forecast

 

Business Club view: under the guidance of short-term lack of information, business club aggregate MDI analysts expect that the domestic aggregate MDI market will maintain a weak shock next week.

http://www.lubonchem.com/

1、 Price trend

 

Market analysis of potash products

 

ferric sulfate (Poly ferric sulphate)

According to the data monitored by the business agency, the average factory price of light potash in China this week is 6325.00 yuan / ton, including tax, which is stable. The current price is 7.66% lower than last year.

 

2、 Analysis of influencing factors

 

Product: the market of potassium carbonate is stable this week. The production of domestic potassium chloride in the upstream raw materials is normal. The import port of potassium chloride has a large number of new sources of goods in the bonded area. The market shows a weak downward trend, which has no supporting effect on the price of potassium carbonate. The market of potassium carbonate is weak downward this week. Generally speaking, the trading atmosphere of potassium carbonate market is general, the demand side is weak, and the actual transaction is not active The purchase of tourism is mainly based on rigid demand, and the domestic market of potassium carbonate is stable. According to the statistics of the business agency, the main quotation range of domestic industrial grade potassium carbonate this week is about 6100-6500 yuan / ton (the quotation is only for reference), and the quotation varies according to the purchase situation.

 

3、 Future forecast

 

According to analysts of potash, the upstream potash market is facing three major pressures, namely, large stock, weak demand and downward international prices. Therefore, the main contradiction in the current market is that supply exceeds demand. Unable to support the cost of potash, it is expected that the price of potash will be weak in the short term, and the long-term market still needs to wait and see. (the above prices are provided by the major potassium nitrate manufacturers all over the country and analyzed by the potassium carbonate analyst of the business association, for reference only. For more details, please contact the relevant manufacturers for consultation).

http://www.lubonchem.com/

On April 2, WTI crude oil futures market prices in the United States rose sharply, with the main contract at 25.32 yuan / barrel, or US $5.01. Brent crude oil futures market prices rose sharply, the main contract at $29.94/barrel, up $5.20. WTI and Brent recorded the biggest daily gains, both exceeding 25%. The main reason is that U.S. President trump said publicly that he expects Russia and Saudi Arabia to announce substantial cuts in crude oil production, and Saudi official media reported that Saudi Arabia is calling for an emergency meeting of oil producing countries to deal with market turbulence.

 

On the 2 day, Trump said he had held talks with Saudi Crown Prince Mohamed, who had also talked with Russian President Putin about the price dispute between Russia and Saudi Arabia by telephone. Trump expects Saudi Arabia and Russia to announce a reduction of oil production from 10 million to 15 million barrels per day. The two countries are willing to reach an agreement.

 

Gamma-PGA (gamma polyglutamic acid)

In addition, Saudi media reported that Saudi Arabia called for an OPEC emergency meeting. The Wall Street Journal reported that Saudi Arabia would consider reducing its daily production to about 9 million barrels per day, about 3 million barrels per day less than planned in April. This news, combined with Trump’s Twitter information, led to a sharp rise in crude oil prices. WTI rose to $27.39/barrel at one time, an increase of more than 35%.

 

But then the market calmed down gradually and crude oil recovered some of its gains, mainly because market participants questioned whether Russia and Saudi Arabia could really reach an agreement on such a large-scale production reduction. At present, the specific details of Saudi Arabia and Russia’s production reduction are still unclear in the market. Besides OPEC +, it is still unknown whether other crude oil producers can participate in the production reduction in coordination. The division of market share makes it difficult for multiple interests to reach a consistent balance.

 

Chitosan oligosaccharide

In the future, in the view of the business community, the global demand is still the decisive factor restricting the oil price. At present, the demand for crude oil has dropped by 20-30 million barrels / day. Moreover, in the short term, the epidemic has not been any good, especially in Europe and the United States. At the same time, the region is also the region with the largest demand for crude oil before the epidemic. The decline in demand is still continuing, and it is difficult for the oil price to have Too much improvement, even if Russia and Saudi Arabia have reached a new consistent production reduction agreement, it may be hard to make up for the share of the current decline in demand. In addition, the current market crude oil storage has reached a saturation state. It is reported that the global crude oil storage capacity will be exhausted after six weeks. In a comprehensive consideration, the rebound of oil price may only be a short-term behavior, and whether it can continue to rebound in the later period remains to be verified, The rebound range is not optimistic, and the medium and long-term oil price will still run at a low level.

http://www.lubonchem.com/

London, March 31 – London Metal Exchange copper rose Tuesday after data showed a surprise rebound in factory activity in China, but recorded its biggest quarterly decline since 2011 as a result of a massive global economic halt caused by the coronavirus epidemic, reducing demand for metals.

 

At 17:00 on March 31, London time (00:00 on April 1, Beijing time), LME three-month copper rose 3.8% to $4951 per ton, the highest since March 18. But it fell about 20% in the first quarter.

 

Other industrial metals fell between 10% and 20% in the first quarter.

 

Copper prices recovered last week as global stock markets stabilised, the dollar weakened and some mines were closed due to the coronavirus outbreak.

 

Bacillus thuringiensis

But Kieran Clancy, an analyst at capital economics, said the impact of the coronavirus epidemic on demand would overshadow its impact on supply.

 

He said copper could fall to $4000 in the second quarter. “Things will get worse before they get better, and part of the improvement depends on the lifting of these epidemic control measures.”

 

China’s official Manufacturing Purchasing Managers’ index (PMI), the world’s largest consumer of metals, rose to 52 in March from a record low of 35.7 in February, but analysts warned that China’s sustained economic recovery in the short term was far from certain.

 

China’s economy is likely to grow by only 0.1% this year, the world bank said on Monday. China’s slowdown in novel coronavirus may inhibit the demand for exports from other countries.

 

Clancy of Kaitou macro said that the copper market supply may be over 800000 tons this year.

 

He said China’s blockade is being lifted and supply is recovering faster than demand.

 

Jiangxi copper, China’s largest copper producer, said it planned to produce 1.65 million tons of cathode copper in 2020, up 6% from last year.

 

Chile’s copper output in February was 451580 tons, up 8.3% from a year earlier, the Chile Bureau of Statistics said Tuesday. The country is the world’s largest supplier of copper.

 

State owned polish copper group KGHM, one of the world’s leading producers of copper and silver, is now operating below break even as copper prices fall below $5000, Polish Prime Minister Vladimir moravitsky said on Monday.

 

Rio Tinto Ltd said Tuesday it would cut some operations of its tiwai smelter in New Zealand to ensure the health and safety of its workers and comply with government restrictions on the control of the new crown virus.

 

Sodium selenite

Vedanta zinc international, a division of Vedanta Resources, a diversified miner, said Monday it would suspend operations of its Skorpion zinc mine and refinery in Namibia.

 

Novel coronavirus pneumonia (Surigao del Norte) project in southern Philippines will be suspended from April 1st, mineral company said on Tuesday, as one of the measures to prevent the spread of the new crown pneumonia epidemic.

 

LME three-month aluminum ended 0.3% lower at $1526 a tonne.

 

Three month zinc ended up 1.76% at $1905.50 a tonne.

 

Three month nickel ended up 1.45% at $11484 a tonne.

 

Three month lead ended up 2.2% at $1741.50 a tonne.

 

Three month tin rose 0.7% to $14602 a tonne.

http://www.lubonchem.com/

1、 Price trend

 

According to the monitoring of bulk data from the business agency, the domestic acetic acid market continued to decline in March. At present, the quotation in Henan is about 2000-2050 yuan / ton; in Shandong, about 2150-2300 yuan / ton; in Hebei, about 2300-2350 yuan / ton; in Shaanxi, about 2080 yuan / ton; in Jiangsu, about 2150-2250 yuan / ton; in Zhejiang, about 2300-2400 yuan / ton; in South China The regional delivery price is about 2300-2400 yuan / ton.

 

povidone Iodine

2、 Cause analysis

 

Products: in March, the domestic acetic acid market as a whole continued to decline. In the middle of March, the spot supply of acetic acid was tightened due to the centralized overhaul of acetic acid enterprises, and the price of acetic acid slightly recovered. The increase of each enterprise was about 50 yuan / ton. With the completion of the overhaul, the spot supply of the market was abundant, but the downstream market demand did not improve. In addition, the closure of India led to export orders Sharp decline, acetic acid production enterprise inventory gradually accumulated, sales pressure increased, and then let the profit shipping.

 

Industrial chain: in the upstream, the production and sales of regional manufacturers in the domestic methanol market are basically balanced, and the inventory is kept within the controllable range, but the demand side is still insufficient, at present, about 1605 yuan / ton; the domestic acetate, vinyl acetate and other industries continue to be weak, the terminal demand is low, the market is light, and the pessimism spreads; with the continuous decline of international oil price and the purchase in the downstream market The PTA spot market continued to plummet, with low prices, unbalanced market supply and demand, insufficient cost collapse, and high downstream inventory.

 

Melamine

International: the acetic acid Market in North America is affected by the overall weakness of the methanol and chemical industry, which has fallen sharply in the month, currently around 450 US dollars / ton; the demand in Asia is insufficient due to the impact of the epidemic in India, which has fallen sharply as a whole, and the current price is around 275-330 US dollars / ton; the European acetic acid market is affected by the downward trend of the methanol market, which is weak in the month, and the current price is 570 euros / ton left Right.

 

3、 Future forecast

 

According to the acetic acid analyst of business association, with the recovery of production of overhaul enterprises, the market operation rate gradually picks up, the pressure on sales and inventory of enterprises increases sharply, the downstream market starts not high, the demand is weak, the contradiction between market supply and demand is highlighted again, and it is expected that the future market will still be weak.

http://www.lubonchem.com/

In order to better prevent the epidemic and control the entry of foreign people, many countries have chosen to close all foreign transportation lines, including highways, railways and airlines. Malaysia is one of them. On March 16, 2020, Malaysia announced the closure of the city. Since March 18, 2020, it has taken two weeks of strict restrictions nationwide to strengthen the prevention and control of public health events. On March 18, 2020, Penang Port of Malaysia announced that it would no longer accept the transit of Thai goods. As a big producer of natural rubber, Malaysia’s “closure” means that natural rubber cannot be exported on time. As an important raw material of tires – rubber, how will this affect the tire market in China?

 

1. Malaysia’s position in the global natural rubber Market

 

In the past five years, the annual output of natural rubber in Malaysia has shown a downward trend as a whole, reaching a climax in 2015 and occupying 5.89% of the global natural rubber. Then, the global output share has gradually declined. In 2018, the decline is relatively serious. In 2019, the output is about 650000 tons, accounting for 4.55% of the global natural rubber output. In 2019, Malaysia ranks the 7th in the world’s major producing countries. The implementation of “closure” in Malaysia will have an impact on the world The market of natural rubber has great influence and impact.

 

2. Impact of Malaysia’s “closure” on China’s rubber Market

 

China’s imports from Malaysia fell for two consecutive years after peaking in 2017. In 2019, China’s imports from Malaysia reached 699000 tons, accounting for 13.28% of China’s total natural rubber imports.

 

The average monthly import volume of China from Malaysia in 2017-2019 is about 65000 tons, and the temporary “closure” of Malaysia for two weeks may directly reduce the import volume of China from Malaysia by about 35000-35000 tons. As can be seen from the figure, except for the relatively small amount of imports in February, other months are relatively balanced.

 

Benzalkonium chloride

3. What is the impact of Malaysia’s “closure” on the tire market

 

Malaysia is a big country in the production of natural rubber. The annual output of China’s imported natural rubber from Malaysia is not small. Although the date of unsealing has not been determined, but at present, the first two months are affected by the epidemic situation. Although the enterprise delays the start-up and the production is greatly reduced, the domestic demand is also reduced. The reduction in the import of raw materials has not yet led to the production of domestic tires Influence. At present, China’s domestic natural rubber non-state storage inventory is up to about 1.53 million tons, which can meet the domestic normal production for more than three months. However, if the time for countries to unseal is too long and domestic demand grows gradually, it may have some impact.

 

70% of natural rubber in China is used to make new tyres every year. China’s tire consumption accounts for one third of the global tire consumption, while China’s tire production exceeds half of the global tire production. Therefore, China is the world’s largest consumer of natural rubber. China’s natural rubber consumption increased from 2.69 million tons in 2007 to 4.8 million tons in 2014.

 

The postponement of downstream plant construction and the limitation of logistics and transportation will affect the consumption of natural rubber, thus forming a direct negative impact on the market. In January and February, the downstream production is restricted, which will reduce the consumption of rubber raw materials. Secondly, strict traffic control, reduced personnel flow, multiple high-speed road closures, and logistics restrictions will also reduce the tire consumption, the largest downstream product of natural rubber, which will pose a negative drag on the demand market of Tianjiao. As the largest importer of natural rubber, in order to avoid the Spring Festival holiday, the original import sources are mostly concentrated in February to March. With the extension of the holiday, the arrival time of cargo may be more compact. But fortunately, the epidemic situation in China has been well controlled and the market is slowly recovering.

http://www.lubonchem.com/

According to the data of the business club’s bulk list, on March 27, at the weekend, the domestic adipic acid market was still weak. Compared with the market at the beginning of the week, the market did not improve, and the price change was not big. Some dealers’ quotations were slightly loose, with a range of 50-100 yuan / ton. According to the business club’s monitoring, on March 27, the quotation range was 0.55% lower than that at the beginning of the week. At present, the general quotation range of the market is 7600-7900 yuan / ton. Dealers have generally resumed shipment, but they still haven’t reached the normal level of shipment. Influenced by the continuous downward trend of crude oil price, the chemical industry has been under pressure, the price continues to decline, and adipic acid is difficult to be alone and maintain the downturn trend. At present, the transportation situation in the market is obviously improved, but it is trapped in the weak downstream demand, the delivery situation is not ideal, the inventory is difficult to digest, the manufacturers have a lot of inventory pressure, dealers generally go with the market, purchase on demand, and the inventory pressure is OK. At present, the manufacturer’s operating rate remains stable, especially due to the impact of lower external demand and large export pressure, which does not rule out the possibility of higher inventory in the later period.

 

ammonium persulfate

In the later stage, the business community predicted that the current chemical cost end crude oil price continued to operate at a very low level, which was negative for the entire chemical industry chain. In addition, due to the weak market demand, adipic acid should maintain a downturn in the near future.

http://www.lubonchem.com/