First, the trend of the market

According to statistics, the price of phthalic anhydride declined slightly this week. The price of phthalic anhydride this weekend was 6750 yuan.ton, down 1.22% from 6833.33 yuan/ton at the beginning of the week and 7.81% from the same period last year. In Shandong province, phthalic anhydride is 6 600-6 800 yuan per ton, while in Jiangsu province, the main stream of phthalic anhydride negotiations is 6 800 yuan per ton. There is sufficient spot supply in the market. The naphthalene phthalic anhydride plant starts normally and is currently quoted at about 6 400 yuan per ton.

2. Market analysis:

Products: In recent years, the price trend of domestic phthalic anhydride market has slightly declined, the market opening rate of phthalic anhydride is about 70%, the market of phthalic anhydride in eastern China is weak, downstream factories are in need of purchasing, the inventory pressure of factories is persistent, high-end transactions are blocked, the mainstream of on-site neighbourhood source negotiation is 6600-6800 yuan/ton, and the mainstream of naphthalene source negotiation is 6400-6500 yuan/ton. The main market quotation is 6600-6800 yuan/ton. The market is weak and shocky. The quotation trend of enterprises is temporarily stable. The downstream construction is not high. The purchase is on demand. The wait-and-see mentality is strong. The domestic phthalic anhydride plant runs steadily, the spot supply of phthalic anhydride is sufficient, the market is not good, and the price of phthalic anhydride declines slightly.

Industry chain: Recently, the execution price of phthalic anhydride upstream product, Sinopec o-phthalic acid, is 6800 yuan/ton. The actual market transaction price is 7100 yuan/ton. The quotation is stable and the port is out of stock. The price fluctuation of raw materials mixed xylene in the upstream of phthalic acid is stable, the turnover of phthalic acid is general, the stock of phthalic acid in the port is low, the quotation of phthalic acid external market is rising, the cost of imported phthalic acid is rising, the actual transaction price is discussed in detail, the upstream price trend is stable, and the market price of phthalic anhydride is slightly lower. DOP prices downstream slightly declined. Recently, in Zhejiang DOP market, merchants’quotations maintained at 8000-8100 yuan/ton, while downstream prices were at a low level. Demand for upstream phthalic anhydride was limited, and the price trend of phthalic anhydride market slightly declined.

Industry: Recent plasticizer industry trend is general, terminal downstream demand is limited, phthalic anhydride market price trend is declining.

3. Future market forecast:

In recent years, the price trend of phthalic anhydride in the upstream has not changed much. DOP prices in the downstream have declined. Phthalic anhydride analysts of business associations believe that the market price trend of phthalic anhydride may oscillate at a low level, with a price of about 6700 yuan/ton.

On March 19, 2019, South Korea imported Iranian crude oil worth $476 million in February, more than four times as much as January ($101 million), although not as much as the same period last year ($621 million).

In February, South Korea imported more Iranian crude oil than before the July 2018 (US$474 million) sanctions, close to the average import level of US$539 million from January to July last year. From September to December last year, South Korea failed to import Iranian crude oil because of U.S. sanctions. The failure to import a penny of Iranian crude oil was also the first time since August to September 2012.

In November 2018, the United States temporarily granted Iranian crude oil import ban exemption to eight countries and regions around the world. In January, South Korea resumed importing Iranian crude oil, but only a fifth of the monthly average before sanctions. Government officials said that imports resumed in January and many negotiation steps were at the end, so crude oil imports increased significantly in February. Although import quotas have returned to pre-sanctions levels, the United States continues to oppress Iran and crude oil imports will fluctuate.

According to Reuters, the United States is asking South Korea and Japan to reduce Iranian crude oil imports and make adjustments every 180 days. Seventy percent of South Korea’s crude imports from Iran are condensate. Due to the low price of Iranian crude oil, 51% of condensate oil used by Korea Refining Industry and Petrochemical Company comes from Iran (the first quarter of last year is the standard).

On March 18, the hydrofluoric acid commodity index was 97.78, down 0.37 points from yesterday, down 30.37% from the peak of 140.43 points in the cycle (2018-02-21), and up 82.46% from the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the recent domestic hydrofluoric acid market price fluctuation, as of 19 days, the domestic hydrofluoric acid market price is 10775 yuan/ton, the domestic hydrofluoric acid start-up rate is more than 60%, enterprises reflect that the current on-site hydrofluoric acid spot supply is normal, recent on-site goods generally, some enterprises have increased hydrofluoric acid inventory, factory prices remain low, due to recent price shocks in the raw material market, Hydrofluoric acid market price trend is temporarily stable. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 10,000-11,000 yuan/ton, while the price of hydrofluoric acid in the northern market is 10,500-11,000 yuan/ton. Domestic hydrofluoric acid market prices remain low, spot supply is sufficient, due to the recent upward trend in the raw material market, fluorite price trend is temporarily stable, for hydrofluoric acid has some favorable support, the price trend of hydrofluoric acid Market shocks.

Recent downstream refrigerant product units started to rise, upstream fluorite and hydrofluoric acid demand has increased, the recent downstream refrigerant trading market is general, hydrofluoric acid product prices temporarily stable. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 70%, R22 refrigerant facility start-up rate is temporarily stable, the main production enterprise’s bulk water ex-factory offer price rises to 18500-19000 yuan/ton, but there is no bulk water spot in the production enterprise, mainly a small number of cylinders shipped. In addition, the actual demand side of the market has risen, and the delivery market has risen. The domestic market price of R134a has risen slightly, the start-up rate of production enterprises has remained low, the refrigerant market demand is general, and the manufacturers mainly export their products. However, the on-site transaction price has not changed much. Businessmen purchase on demand. Recently, due to the improvement of the goods, the price trend of hydrofluoric acid market is temporarily stable.

Refrigerant on-site transactions have risen, refrigerant industry equipment start-up rate has improved, for the upstream hydrofluoric acid market demand may increase, coupled with the upstream fluorite price trend is temporarily stable, March is the peak season of air conditioning production, the downstream refrigeration industry is expected to rise, Business Analyst Chen Ling believes that the hydrofluoric acid market may be slightly higher.

Price Trend

Styrene prices have risen this week. According to data from business associations, the prices of sample enterprises were 8450.00 yuan/ton on Monday (March 11) and 8450.00 yuan/ton on Friday (March 15), which was 26.89% lower than the same period last year.

II. Market Analysis

Product: Styrene market is stable this week. On March 11, East China Styrene closed at 8480-8500 yuan/ton, down 70-80 yuan/ton from the previous trading day. The above is Zhangjiagang’s canning price. South China: South China Styrene closes at 8600-8650 yuan/ton, up 50 yuan/ton from the previous trading day, and above factory delivery price. Styrene inventory is reduced, volume is low and price is stable.

Industry chain: Upstream pure benzene prices fell, with a price of 4890.00 yuan/ton at the beginning of the week and 4740.00 yuan/ton at the end of the week, a decline of 3.07%. Cost support for styrene is limited. PS downstream shocks, EPS prices rose slightly, downstream demand improved from last month, on-demand procurement, Styrene Market rose.

3. Future Market Forecast

Recently, domestic styrene plant overhaul is more, and affected by the trade war, port inventory is low, many good business analysts believe that: styrene market consolidation is the main, do not rule out the possibility of a small rise. The market should pay more attention to the guidance of the external market and the trend of bulk futures.

On March 13, the fluorite commodity index was 102.46, unchanged from yesterday, down 19.63% from the peak of 127.49 points in the cycle (2019-01-03), and up 108.21% from the low of 49.21 points on December 18, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the recent domestic fluorite price fluctuation, as of 14 days, the average domestic fluorite price is 2920 yuan/ton. Due to the warmer weather, the recent domestic fluorite plant start-up, in-site mines and flotation devices continue to open, the supply of fluorite in-site increased relatively, but the recent downstream market has improved, fluorite market price fluctuations. Recently, the temperature has risen and the start-up rate of fluorite flotation units in the North has risen, but the downstream units have started to operate normally, the fluorite spot supply in the field is sufficient, and the downstream terminal receipts have increased compared with the previous ones, resulting in a temporary stabilization of market prices. As of the 14th, the price of 97 fluorite wet powder in Inner Mongolia was 2400-3000 yuan/ton, the mainstream of 97 fluorite wet powder in Fujian was 2700-3100 yuan/ton, the price of 97 fluorite wet powder in Henan was 2600-3100 yuan/ton, the price of 97 fluorite wet powder in Jiangxi was 2600-3100 yuan/ton, and the price trend of fluorite was stable.

The market price of hydrofluoric acid in downstream fluorite is stable. The domestic market price of hydrofluoric acid is 10775 yuan/ton as of 14 days. The price fluctuation of hydrofluoric acid market has little effect on the price of upstream fluorite. Recent downstream refrigerant product units started to rise, upstream fluorite and hydrofluoric acid demand has increased, the recent downstream refrigerant trading market is general, hydrofluoric acid product prices temporarily stable. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 70%, R22 refrigerant facility start-up rate is temporarily stable, the main production enterprise’s bulk water ex-factory offer price rises to 18500-19000 yuan/ton, but there is no bulk water spot in the production enterprise, mainly a small number of cylinders shipped. The actual demand side of the market has risen, and the delivery market has risen. The domestic market price of R134a is low, the start-up rate of production enterprises is low, the refrigerant market demand is general, and the manufacturers mainly export their products. However, the on-site transaction price does not change much. Businessmen buy on demand, and recently due to the improvement of goods. Generally speaking, the downstream industry has a positive impact, together with the increase of inquiries in the fluorite market, the price of fluorite has a rising trend. Chen Ling, an analyst of business associations, believes that the price of fluorite market may rise slightly.

Butadiene closed stable in Europe on March 12, with FOB Rotterdam closing at $1053-1057 per ton and FD Northwest Europe closing at Euro 928-932 per ton.

The closing price of phenol in Asia was stable on March 12, with CIF prices ranging from US$1138 to US$1141 per ton.

Price Trend

Business Club: This week’s disadvantaged finishing trend of maleic anhydride market (3.4-3.8)

According to the data of business associations, the average price of maleic anhydride offer by the end of the weekend was 7600.00 yuan/ton (all including tax), and the trend of weak consolidation of the offer.

II. Market Analysis

Product: This week, the domestic maleic anhydride market as a whole is in a weak state of consolidation.

Industry chain: Firstly, this week, domestic unsaturated resin factories resumed slowly, the downstream demand was insufficient, resin factories mainly digested inventory, domestic maleic anhydride market was weak and negotiations were weak; secondly, mainstream factories quoted loosely and weak finishing was dominant. Peripheral crude oil fluctuations affect the intra-field mentality, crude oil has support market or interval shocks, raw material pure benzene weakening drag mentality, n-butane price is stable, in the short term, the profit margin of benzene and butane maleic anhydride is stable. At the same time, Dongying Code and Qifa stop, and the starting rate is expected to be flat next week. Finally, downstream warehouse replenishment is cautious, logistics recovery is slow, and factories mainly wait and see.

3. Future Market Forecast

At present, the domestic maleic anhydride market may remain stalemate and consolidation in the near future, and the overall price may be the same as this week, according to the analyst of maleic anhydride products of Business Society Chemical Branch.

Price Trend

According to the data of business associations, the price of domestic dry-process aluminium fluoride market remained stable as a whole this week, with an average market price of 11666 yuan/ton at the beginning of the week and 11666 yuan/ton at the weekend.

II. Market Analysis

Aluminum fluoride prices have remained stable this week: at present, the price of Aluminum fluoride in Henan is between 1120 and 11500 yuan/ton, while that in Shandong is between 1120 and 11600 yuan/ton. Zhengzhou Tianrui Grain Technology Co., Ltd. quoted 12,500 yuan per ton of aluminium fluoride, Shandong Luzeng Chemical Aluminum fluoride to 12,500 yuan per ton, Henan Zhongse Dongfang Shaoxing Industrial Aluminum fluoride to 12,000 yuan per ton.

Industry chain: This week, the price of hydrofluoric acid slightly declined. Enterprises reflect that the supply of hydrofluoric acid spot supply is sufficient, the recent market is poor, some enterprises have increased hydrofluoric acid inventory, the factory price continues to decline, the recent start-up rate of hydrofluoric acid plant is higher, the price of supply increase is slightly lower. Currently, the mainstream of hydrofluoric acid negotiations in the southern region is 10,000-11,000 yuan/ton, and the hydrogen in the northern market. The price of fluoric acid ranges from 10500 to 11000 yuan/ton. Recently, the domestic market price of hydrofluoric acid has been slightly lower, but recently the downstream refrigerant industry has been gradually restarted, and the market price of hydrofluoric acid has fallen by a very limited margin. By the end of the weekend, the mainstream of domestic negotiations on hydrofluoric acid in Fujian was around 10,500 yuan/ton, the price of hydrofluoric acid in Shandong was 11,000 yuan/ton, that of hydrofluoric acid in Jiangxi was 11,000 yuan/ton, that of hydrofluoric acid in Inner Mongolia was between 10,000 yuan/ton, and that of hydrofluoric acid was slightly lower.

3. Future Market Forecast

Aluminum fluoride industry analysts from the Business Society Chemical Branch believe that the price of hydrofluoric acid, the upstream raw material, will remain volatile. Aluminum fluoride prices are expected to be stable next week.

On March 5, the ammonium nitrate commodity index was 108.77, which was the same as yesterday. It was 8.15% lower than the cyclical peak of 118.42 points (2019-01-15), and 40.58% higher than the lowest point of 77.37 on October 31, 2016. (Note: Period refers to 2013-02-01 to date)

Recently, the price trend of domestic ammonium nitrate Market has been temporarily stable. Affected by environmental protection control and natural gas limitation of upstream raw materials, domestic ammonium nitrate plants have been shut down more and domestic ammonium nitrate plants have started less. However, due to the complete shutdown of domestic downstream civil explosion industry, domestic ammonium nitrate manufacturers have more stockpiles and the price trend is temporarily stable. By the end of the weekend, the domestic ammonium nitrate market price negotiation was in the range of 1900-2100 yuan/ton, which was affected by environmental protection and gas limitation, so now manufacturers in many areas are forced to limit production or stop production for maintenance to accept environmental protection inspection, and the price trend of ammonium nitrate in the field is shaking.

Recently, the price of domestic nitric acid has been temporarily stable, the price of 6I market is 1550 yuan/ton, the price of nitric acid has little influence on the ammonium nitrate market, and the price of ammonium nitrate is temporarily stable; the price of upstream raw material liquid ammonia has risen slightly, and the price of liquid ammonia market is 2916.67 yuan/ton on the 6th day. The rising price of upstream raw material has a positive impact on the market of ammonium nitrate. Market price trend is temporarily stable. At the end of the peak season of the downstream civil explosion industry recently, the demand for ammonium nitrate has weakened, and the stocks of ammonium nitrate manufacturers have increased, but the nitric acid market has risen again, and the price trend of ammonium nitrate is temporarily stable. Ammonium nitrate analysts believe that the price of upstream raw materials market has risen slightly in the near future, and they expect that the price of ammonium nitrate Market will remain volatile in the later period.