1、 Price trend

Price: the main quotation of GPPS is 8500-9900 yuan / ton, and that of hips is 9200-10900 yuan / ton.

2、 Market analysis

PS Market: the overall performance of the PS market is relatively flat, with some small losses. In the overall weak demand environment, the market is generally closed, the downstream factories are limited in receiving goods, and the atmosphere of on-site trading is flat.

3、 Future forecast

The overall situation of PS transaction is not good, downstream factories continue to purchase on demand, and the overall transaction is not ideal. The merchant goes with the goods, and the transaction is a little discount.

1、 Price trend

According to the price monitoring data of business agency, the overall price of domestic n-propanol market is stable this week, with some traders’ quotations slightly fluctuating. On March 19, according to the average comprehensive quotation of sample enterprises, at present, the reference quotation of domestic n-propanol containing packaging is around 9400-10200 yuan / ton, and the low-end price of bulk water is around 8300-8500 yuan / ton.

2、 Market analysis

Product: this week, the market of n-propanol fluctuated slightly, and the overall trend is still stable temporarily. The upstream cost support surface of n-propanol market is weak, the downstream demand is general, and the market is weak. In the near future, the manufacturers follow the market and make goods, and the quotation is relatively stable. At present, there are many kinds of production processes in domestic n-propanol enterprises. Nanjing Noor new materials and Nanjing Rongxin chemical industry are mainly ethylene process. Nanjing Rongxin Chemical Co., Ltd. has normal operation of n-propanol production plant. The ex factory quotation of n-propanol purified water is 8500 yuan / ton, which is temporarily stable. All dealers of n-propanol offer different prices, but at present the overall price tends to be stable with little fluctuation. In order to stimulate the market, some dealers adjust their prices slightly. At present, the quotation of domestic n-propanol dealers is around 9400-10200 yuan / ton (in barrels); the quotation of imported n-propanol is around 11000-12000 yuan / ton (in barrels). In view of the dealer’s reservation on the price, the price is not easy to monitor, leading to specific negotiations or differences, and there are also differences in each region, with single negotiation as the main part.

Industrial chain: on March 18, the market price of propylene in Shandong still fell. In March, the price of propylene in Shandong began to decline. On the first day, the price of some enterprises picked up slightly. On the second day, the price of the whole line rose slightly. On the third day and the fourth day, the price of most enterprises generally rose. On the fifth day, the price of some enterprises increased by about 50-100 yuan / ton. On the sixth day, the price of enterprises fluctuated up and down, but the range was small. On the tenth day, the price generally fell by 50-100 yuan / ton. On the eleventh day, the price slightly fell by 50 yuan / ton. On the twelfth day, the price of some enterprises rose slightly There was a slight decline of 50-100 yuan / ton, and the price fell by 200-300 yuan / ton on the 13th. On the 16th, the price was stable, and on the 17th and 18th, the price dropped continuously. At present, the market turnover is 5750-6300 yuan / ton, and the mainstream price is 5750-5800 yuan / ton. Influenced by OPEC meeting and various international economic policies, international crude oil rose and fell sharply; prices fell again on the 16th and slightly on the 17th. Due to the low production and inventory before propylene, the decline in the early stage is not significant, and the follow-up trend in the later stage is also obvious. It is expected that the price of propylene in the later stage will be affected by crude oil, or there will be a short-term stable market.

3、 Future forecast

According to the analysts of the business agency, at present, the market of n-propanol is relatively stable, and the subsequent price trend changes need to pay more attention to the price changes of raw materials and the overall delivery situation of the market.

1、 Price trend

The price of pure benzene fell again this week, down 17.95% from last week, after falling 9.13% last week, according to the data in the business club’s large list. This week, the price of pure benzene fell for two consecutive times. Last Friday (March 13), the price of pure benzene was 4350-4900 yuan / ton (average price 4680 yuan / ton), and this Friday, the price of pure benzene was 3500-4200 yuan / ton (average price 3840 yuan / ton), down 17.95% from last week. Wednesday and Thursday saw two significant declines, 8.55% and 9.4% respectively.

2、 Analysis and comment

1. Product: this week, the price center of pure benzene moved down again, and the port inventory accumulated slightly. As of March 20, Sinopec has adjusted the listing price of pure benzene four times this month, with a total reduction of 1650 yuan / ton. On March 3, the price of pure benzene was slightly and tentatively lowered; on October 10, 18 and 19, the listing price of pure benzene was significantly reduced, with a total decrease of 1450 yuan / ton, or 28.63%. At the beginning of the month, the average listing price of pure benzene was 5380.2 yuan / ton, and on the 20th, the average listing price was 3840 yuan / ton, down 28.63%. Sinopec lowered the listing price of pure benzene on Tuesday, which exceeded market expectations, leading to weak market negotiations. In addition, the import of pure benzene fell sharply, and the market was in a bad mood.

3. Outside: this week, South Korea’s import of pure benzene fell 96.67 US dollars / ton, down 18.59%; East China’s import of pure benzene fell 112 US dollars / ton, down 20.66%. Deep fall in the external market, greatly negative domestic pure benzene, internal and external arbitrage open.

3. Crude oil: Saudi Arabia and Russia insist on reducing prices and increasing production. This week, oil prices continue to decline without any sign of suspension, driving commodities down. Oil prices rebounded strongly Thursday on news that the US might intervene in the oil price war between Saudi Arabia and Russia. Brent fell 6.465% and WTI fell 6.2% compared with March 13. Compared with December 31, 2019, Brent decreased by 61.99% and WTI by 57.36%.

4. Downstream industry: styrene inventory pressure is high this week, coupled with cost pressure, and prices continue to weaken. The price of styrene in Shandong was 6250 yuan / ton at the beginning of the week, and 5633.33 yuan / ton on Friday, down 9.87% from last week.

Affected by inventory pressure and cost, aniline prices were lowered at the beginning of the week, and later enterprises showed a wait-and-see trend. On Friday, the price in Shandong was 5900 yuan / ton, down 4.84% from last Friday; in Nanjing, it was 6150 yuan / ton, down 4.65% from last Friday.

3、 Future forecast

1. Crude oil: next week’s crude oil is still short of a sharp pick-up. However, we need to pay attention to the possible US intervention in the oil price war between Saudi Arabia and Russia and the key supporting position of US $20 / barrel.

2. Market: the downstream products are dragged down by the weak terminal demand, the release of inventory is slow, and the pure benzene market continues to be negative. In the near future, the internal and external arbitrage has been opened, and the subsequent Southeast Asian low-cost goods sources or arbitrage into China; in addition, the pure benzene plant has gradually increased its load, and the subsequent contradiction between supply and demand is more prominent.

Under the short-term contradiction between supply and demand, it is difficult for pure benzene to improve substantially. It is expected that pure benzene will reach a new low.

1、 Price trend

Market analysis of potash products

According to the data monitored by the business agency, the average factory price of domestic light potash at the beginning of the week was 6325.00 yuan / ton, while the average factory price of domestic light potash at the end of the week was 6300.00 yuan / ton, a drop of 0.4%. The current price was 8.36% lower than last year.

2、 Analysis of influencing factors

Product: the market of potassium carbonate fell slightly this week. The domestic potassium chloride Market of upstream raw materials was in a state of relative panic. The imported potassium fell slightly, and the market price continued to decline, which had no supporting effect on the price of potassium carbonate. The market of potassium carbonate fell weakly this week. Generally speaking, the trading atmosphere of potassium carbonate market was tepid, the activity was low, and the demand end was weak , the actual market volume is insufficient, the downstream procurement maintains rigid demand, and the domestic potassium carbonate market falls. 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 of business association, in the near future, industry insiders, especially downstream factories, are not optimistic about the late market of potassium chloride, 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).

1、 Price trend

According to the price monitoring of the business agency, the selling price of sulfuric acid in Shandong Province was temporarily stable this week, with an offer of 323.33 yuan / ton, down 13.39% year on year. On the whole, the sulfuric acid market is stable this week, with the sulfuric acid commodity index of 50.32 on March 13.

2、 Market analysis

（1） Products:

This week, the price of the mainstream sulfuric acid manufacturers in Shandong is temporarily stable, with small inventory and general downstream demand. The weekend quotation of Heze Jiangyuan is 350 yuan / ton, which is temporarily stable compared with the beginning of the week; the weekend quotation of Zouping Tianlu is 170 yuan / ton, which is temporarily stable compared with the beginning of the week; the weekend quotation of Jinan Yuanfei is 450 yuan / ton, which is temporarily stable.

（2） Industrial chain:

In recent years, the domestic sulfur market has been rising steadily, which has brought certain benefits to sulfuric acid. The downstream monoammonium market has been consolidated at a high level, the market of diammonium has been at a low level, and the downstream demand is less. Sulfuric acid enterprises have more early orders, short-term operation is insufficient, and the supply is slightly tight. This week, the domestic sulfuric acid plants operated smoothly, the market supply was relatively tight, the downstream gas buying was general, and the market turnover was limited.

3、 Future forecast

In the middle of March, the sulfuric acid Market in Shandong Province was dominated by high consolidation. The price of sulfur in the upstream is rising steadily, the demand in the downstream is high, and the product trend is up under the contradiction of supply and demand. According to analysts of business and social sulfuric acid, under the influence of supply and demand and raw materials, the sulfuric acid market is dominated by high consolidation.

1、 Price trend

According to the data monitoring of the business agency, on March 13, the domestic phosphorus ore market operated stably. Based on several sample areas, the reference price of 30% grade phosphorus ore at the initial and high end was around 330-430 yuan / ton.

2、 Market analysis

Products: after the Spring Festival, affected by the public health events, the resumption of phosphate rock enterprises is slow. In March, at present, enterprises in Guizhou are resuming production one after another, the number of resuming enterprises is increasing, and the on-site supply is becoming more and more stable. In terms of price, although the mining enterprises have been shut down for a long time, the initial inventory of the enterprises is large, and the market digests the inventory after the festival. Affected by the increase of the market price of the terminal phosphate fertilizer, the market price of the phosphate ore rose slightly at the beginning of this month, and the market price of the whole week is stable. At present, in Guizhou area, 30% of the price of the phosphate ammonium car board is 330-380 yuan / ton, and the actual transaction reference is 320-330 yuan / ton. The phosphate rock of Guizhou Xinxin group is re produced. The price of 30% ammonium phosphate ore car plate is 340 yuan / ton, and the starting load of the enterprise is around 60%. The price of 28% grade raw ore of Wengfu Phosphate Ore in Guizhou is 260 yuan / ton, and the price of car plate is 320 yuan / ton. The annual ore mining volume of the enterprise is estimated to be about 9 million tons, 70% for self use, and the transaction is flexible. Sichuan area: it mainly supplies yellow phosphorus and other enterprises in the lower reaches of the province. The demand in the lower reaches is relatively weak, and the supply of ammonium phosphate ore is general. At present, the delivery price (including tax) of Mabian county with 28% grade in Sichuan is 300-320 yuan / ton. The price of Zhongyi phosphorus ore in Mabian, Sichuan Province refers to the delivery price of 26% grade phosphorus ore in Mabian County of 260 yuan / ton, 27% grade County of 290 yuan / ton, 28% grade County of 310 yuan / ton, 29% grade quotation of 340 yuan / ton. The actual transaction is mainly discussed. Yunnan area: the mining enterprises started to work at a low level, most of them digested the early inventory, and the current price of 28% grade ammonium phosphate ore in the area is 275 yuan / ton, the transportation in the field is not smooth, and the downstream procurement is restricted. The price of 28% grade ammonium phosphate ore car in Yunnan phosphate group is 275 yuan / ton; the price of 27% grade yellow phosphorus car car is 330 yuan / ton, which can be traded. Most groups of enterprises mainly produce phosphate fertilizer for their own use.

Industry chain: the yellow phosphorus market maintains weak operation, the downstream purchase price is depressed, the new orders of enterprises are not cautious, the new orders with high prices are rare, and the factory acceptance transaction of net phosphorus in Yunnan area is 17200-17300 yuan / ton. The mainstream price of phosphoric acid market is stable, with minor adjustment in some parts and poor terminal demand.

3、 Future forecast

According to the analysis of the data division of the business association, it is expected that the overall stable operation of the phosphorus ore market in the near future will be the main thing, and the fine-tuning of some areas will not be excluded.

1、 Price trend

According to the data of business agency, the ex factory price of oil glycol in North China was stable this week. On February 28, the average ex factory price of oil to glycol in North China was 4500 yuan / ton, the same as last week.

At the beginning of this week, the price of large-scale single can of ethylene glycol in East China was 4435 yuan / ton, while the price on Friday was 4315 yuan / ton, down 120 yuan / ton, down 2.71%.

2、 Analysis of influencing factors

As of February 27, the total operating rate of domestic glycol was 68.31%, basically the same as last week.

In terms of shipment, the shipment in the mainstream warehouse area of East China continued to be at a very low level last week. From last Friday to this Wednesday, the total shipment of glycol was 34100 tons, far lower than the same period last year.

As of February 27, the glycol inventory in the main reservoir area of East China was about 685500 tons, an increase of 107000 tons, or 18.50%, compared with last Thursday, and 53900 tons, or 8.53%, compared with this Monday. The East China port is expected to reach 229000 tons next week.

In terms of the unit, Tongliao gold coal’s 300000 ton / a coal to glycol unit is initially scheduled to start maintenance on March 5 and is expected to last for 15-20 days. The ethylene glycol unit of Yanshan Petrochemical Co., Ltd. is still in shutdown state, and the restart plan is postponed to the middle of March.

In the downstream, the polyester operation rate is 62.69%, which is higher than that of last week, and the weaving end operation rate is rising gradually.

3、 Analysis and prediction

Affected by the global spread of public health events, crude oil prices fell sharply from last Friday, resulting in the cost of glycol losing support.

In addition, due to the insufficient recovery of polyester production capacity in the downstream, glycol inventory consumption is slow. However, the number of ships arriving at the port continues to increase, and the accumulation of cargo becomes a real problem.

At present, the price of domestic glycol is lower than the cost, and most manufacturers have not responded to it. However, due to the low cost of foreign production, market confidence has been severely hit from the price trend of spot and futures. It is expected that in the short term, the price of glycol will hardly have the hope of recovery.

1、 Price trend

According to the data in the business club’s large list, the domestic market price of dry process aluminum fluoride remained stable this week, with the average market price at the beginning of the week of 9166 yuan / ton and at the end of the week of 9166 yuan / ton, which was the same as last week.

2、 Market analysis

This week, the price of aluminum fluoride is stable: the factory price of aluminum fluoride of Zhengzhou Tianrui Grain Technology Co., Ltd. is 8500 yuan / ton, that of Shandong LUZHENG Chemical Co., Ltd. is 9600 yuan / ton, and that of Zhengzhou Zerun Energy Chemical Co., Ltd. is 9500 yuan / ton.

Market analysis: the price trend of domestic hydrofluoric acid market has increased slightly. Up to now, the price of domestic hydrofluoric acid market is 10950 yuan / ton, and the operation rate of domestic hydrofluoric acid is more than 60%. The enterprise reflects that the supply of spot hydrofluoric acid in the site is tight at present. Due to the impact of the epidemic situation, some units have not been started, and the goods market in the hydrofluoric acid site has improved recently. Due to the general downstream demand, the hydrofluoric acid plant The price of hydrofluoric acid increased slightly. At present, the mainstream of hydrofluoric acid negotiation in the south is about 10500-11500 yuan / ton, and the price of hydrofluoric acid in the north market is 10500-11000 yuan / ton. This week, most of the aluminum fluoride manufacturers have not yet started work, and the price of aluminum fluoride has remained stable, mainly to digest inventory.

3、 Future forecast

Analysts of aluminum fluoride industry in the chemical branch of business society believe that the market price of hydrofluoric acid may continue to rise slightly as the resumption of work of enterprises around the country improves. The downstream market price of aluminum fluoride is stable as a whole, and it is expected that the market price of aluminum fluoride will rise steadily next week.

1、 Price trend:

In February 2020, the hydrogenated benzene market fell in shock. The factory price in North China was 5533.33 yuan / ton at the beginning of the month, and 5133.33 yuan / ton at the end of the month, with a monthly decline of 7.23%.

On February 28, the hydrogenated benzene commodity index was 56.66, unchanged from yesterday, down 44.46% from 102.01 (2014-01-09), the highest point in the cycle, and up 27.15% from 44.56, the lowest point on August 31, 2015. (Note: cycle refers to 2013-12-01 to now).

2、 Market analysis:

Domestic market: this month, the cost pressure of hydrobenzene enterprises is still the same. Since the first ten days of February, the operating rate of hydrobenzene enterprises has continued to rise, and the demand for crude benzene has increased slowly. However, the recent operating load of coking enterprises is only about 60% lower. In addition, due to the impact of transportation, the price of crude benzene has soared, and the coking enterprises are in a strong mood of pricing. The operating rate of downstream styrene and aniline units is still low. The overhaul in March There are many plans. Crude oil and pure benzene fell sharply, the port inventory remained at about 80000 tons, Sinopec’s listing price of pure benzene was reduced to 5350 yuan / ton at the end of the month, with low market demand and high cost pressure on hydrogenated benzene enterprises.

Industry chain: in terms of crude oil: this week, the crude oil changed the form of continuous increase last week, falling for four consecutive days, and WTI fell to the lowest point of this year. The spread of the epidemic in many countries has led to increased market worries and a pressure drop in oil prices. Brent was down 10.76% and WTI was down 11.41% compared with February 21.. Pure benzene: this week, the trading atmosphere of pure benzene was weak, crude oil and external market fell, and the support under pure benzene was insufficient. The lack of downstream shipping power and inventory accumulation further worsened the confidence of pure benzene market participants. On Wednesday, Sinopec cut the price of pure benzene by 150 yuan / ton to 5350 yuan / ton. Downstream: demand for downstream styrene is not strong, and inventory pressure is high. Friday’s price is 6700 yuan / ton, up 1.01% from last week.

3、 Trend Forecast:

At present, the general loss of hydrogenated benzene enterprises is about 300 yuan / ton, the enterprise cost pressure is prominent, the external market of pure benzene continues to decline, the downstream construction cannot be recovered in a short time, and it is expected that the hydrogenated benzene market will remain weak and stagnant.

1、 Price trend

According to the price monitoring of the business agency, the market price of asphalt is stable this week, and the price of asphalt is reported to be 3420 yuan / ton, which is the same as that of last week.

2、 Analysis of influencing factors

Product: this week, the international oil price has basically finished bottoming out, showing a shock recovery market. But at present, the asphalt market is in the off-season stage, the demand of asphalt market has not been greatly improved, the overall demand of the terminal is still poor, and the asphalt market is stable this week.

Industry chain: the impact of China’s epidemic on the international crude oil market is weakening, and China’s crude oil demand has improved. Most of the other producers except Russia support the reduction, but the EIA crude oil inventory increased by 415000 barrels in the week of February 14. This week, the international crude oil market has basically completed bottoming out, showing a shock recovery market.

Asphalt Market: the impact of China’s epidemic is gradually reduced, but the resumption of asphalt road projects is not optimistic, and the overall demand for terminals is still poor. At present, the return to work rate of asphalt terminal enterprises will gradually increase, and the growth rate of asphalt demand is relatively slow. The asphalt prices of refineries in Shandong and Hebei maintain a periodic low point; in Northeast China, although the asphalt prices fell slightly this week; in the southern market, Sinopec’s Asphalt prices have not been adjusted after the festival, and the market prices remain stable.

3、 Future forecast

Lu Xingjun, an asphalt analyst with business club, believes that: the international crude oil market is on the rise, the asphalt production cost is rising, and the asphalt prices are relatively low in all regions. With the resumption of asphalt road projects increasing, it is expected that the asphalt market price will probably push up in the near future.