Titanium ore prices 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 2400-2450 yuan / ton; The price of 47 and 20 mines is about 2500 yuan / ton, and that of 38 and 42 mines is 1630-1670 yuan / ton without tax. In the short term, most miners are willing to rise. The spot of titanium concentrate continued to be tight, and some miners were reluctant to sell it. The miners had no intention of shipping at a low price, so the actual price was discussed in a single way.

According to customs data, in April 2021, China imported 367200 tons of titanium ore, with a year-on-year increase of 58.98% and a month on month decrease of 7.27%; The total import from January to April was about 1.3942 million tons, up 37.46% year on year, and the total import from January to April 2020 was about 379900 tons year on year.

In April 2021, China exported 4375.5 tons of titanium ore, with a year-on-year growth of 256.89% and a month on month growth of 81.26%; From January to April, the total export was about 1.43 tons, up 9.92% year on year.

1、 Price trend

According to the monitoring data of the business community, the price of baking soda has been mainly stable in the near future. At present, the average price in the domestic market is 1583.33 yuan / ton. On May 25, the commodity index of sodium bicarbonate was 105.09, which was the same as yesterday. Compared with the highest point of 121.68 (2020-10-21) in the cycle, it decreased by 13.63%, and increased by 19.06% compared with the lowest point of 88.27 on December 22, 2020（ Note: period refers to the period from September 1, 2020 to now

2、 Market analysis

According to the news agency, the price of sodium bicarbonate is stable for the time being, and the shipment in the downstream market is acceptable. At present, the price of sodium bicarbonate in Henan Province is about 1550-1650 yuan, and the downstream demand is acceptable. It is expected that the price will be stable in the near future. The price of baking soda in Hebei is about 1550-1650 yuan / ton, which is the mainstream price in the market, and the downstream demand is acceptable.

In terms of raw materials: according to the monitoring data of the business community, soda ash in North China has been in stable operation temporarily. The current mainstream market price of light soda ash is about 1800-1900 yuan / ton. The downstream glass mainly purchases soda ash on demand. Generally speaking, the price of short-term soda ash is mainly consolidated. Soda ash in East China is in stable operation for the time being. The current mainstream market price of light soda ash is about 1700-1850 yuan / ton, and the downstream glass mainly purchases soda ash on demand. Generally speaking, the price of short-term soda ash is mainly consolidated.

Demand side: downstream medicine, textile and food mainly purchase sodium bicarbonate on demand, and the price of sodium bicarbonate has been consolidated recently. Business analysts think: domestic soda price is mainly stable and small move. The total inventory is still large, but the uneven distribution of inventory still exists. The overall trading atmosphere of soda ash is acceptable, and the enterprises are mainly active in shipping. The rise of glass price has a favorable support for soda ash, but there is still a price game between soda ash and glass, and most of them are in a wait-and-see state for high price. In the short term, soda ash price is still in a small fluctuation. In the downstream, medicine, textile and food mainly purchase baking soda on demand. Generally speaking, the price of baking soda may still maintain a narrow consolidation trend in the short term, depending on the downstream market demand.

According to the data monitoring of business news agency, as of May 21, the average reference price of 30% grade phosphate ore in mainstream areas in China was around 500 yuan / ton, which was basically the same as that on May 15. Compared with that on May 1, the average price increased by 20 yuan / ton, or 4.17%, and compared with that on April 1 (the average reference price of phosphate rock was 446 yuan / ton), the average price increased by 54 yuan / ton, or 11.94%.

In late May, the domestic phosphorus ore market as a whole continued to maintain a high consolidation operation, the overall trading atmosphere of the market was good, the downstream orders were relatively stable, and the shipment of the industry was normal. Guizhou’s phosphorus ore market is in a high level of consolidation and operation. The operating rate of enterprises in Guizhou is low, the inventory of phosphorus ore is low, and the spot supply is tight. Most of Guizhou’s mining enterprises keep a high level of firm quotation, and the market transaction price is generally high. At present, as of the 21st, the quotation of 30% initial high-grade phosphorus ore in Guizhou is about 410-480 yuan / ton, The annual mining capacity of Wengfu Phosphorus Ore enterprise in Guizhou is about 9 million tons. At present, most of them are for their own use, and a small part of them are sold to the outside world. The quoted price of 28% grade phosphorus ore is about 390-400 yuan / ton. The market of phosphate ore in Yunnan is stable. The quoted price of 27% grade phosphate ore supplied by Yunnan phosphate group is about 330-370 yuan / ton.

In terms of downstream yellow phosphorus, the market price of yellow phosphorus in Guizhou increased in late May and 19th. As of 21st, the mainstream price of yellow phosphorus in Guizhou was about 18300 yuan / ton. At present, the quotation of yellow phosphorus market is firm, the transaction price of new orders is high, the spot is tight, and the main manufacturers issue early orders. It is expected that the price of yellow phosphorus will be strong in the short term.

Good trading atmosphere, short-term market strong operation

At present, the overall trading atmosphere of the market is good, and the yellow phosphorus Market in the lower reaches is also slightly pushed up, which is effectively supported by the upper and lower reaches. Therefore, the phosphorus ore analysts of the business community believe that the domestic phosphorus ore market will continue to be strong in the short term.

From May 17 to 21, 2021, the ex factory price of hydrogenated benzene in North China fell. The domestic ex factory price was 8200 yuan / ton at the beginning of the week and 8075 yuan / ton at the end of the week, with a weekly drop of 1.52%.

Price rise and fall of domestic main hydrogenated benzene market from May 17 to 21 (unit: yuan / ton)

Region, May 17 price, May 21 price, weekly rise and fall

East China, 8200., 7750.,-450

Shandong Province, 8200., 7900., and-300

This week (may 17-21), the market price of hydrobenzene in Shandong Province decreased to 8200 yuan / ton at the beginning of the week and 7900 yuan / ton at the end of the week, down 300 yuan / ton.

Price adjustment of Sinopec’s pure benzene (unit: yuan / ton)

Date, adjusted price, adjusted amount

April 30, 7400, + 100

May 7, 7700, + 300

May 10, 8000, + 300

May 12, 8200, + 200

Crude oil and pure benzene fell this week. The domestic pure benzene market was mainly affected by the fundamentals, while the hydrogenation benzene market was mainly affected by the downward price. Downstream styrene market fell this week, limited support for raw materials, East China market negotiation price continued to decline. Affected by the bad fundamentals, the factory price of hydrogenated benzene enterprises decreased, and the manufacturers had a strong shipping mentality.

In the future market, the business community believes that the current fundamentals of bad factors are frequent. Last week, the state required to do a good job in ensuring the supply and stabilizing the price of bulk commodities. Affected by the macro policy, the main players in the futures market last week and Sinopec’s ex factory price of pure benzene are expected to decrease. In general, it is expected that the price of hydrogenated benzene will have downward space in the future market

According to the business news agency’s block data list, the average price of domestic hips on May 21 was 13633.33 yuan / ton, down 2.62% from the beginning of the week and up 5.47% from the beginning of the month.

2、 Market analysis

This week, the hips market first stabilized and then fell, with a downward range of 2.62%. At present, under the guidance of macro policy, the prices of nearly 100 kinds of raw materials have “dived” collectively, and the market has gradually returned to rationality. All plasticizing products have declined to varying degrees. In addition, the styrene market has weakened slightly, and the prices of hips have been reduced accordingly. Compared with last week’s prices, the price offered by the shippers has been reduced by about 400-600 yuan / ton, and the market center has shifted downward. So far, the mainstream prices of PS and hips are 11000-11400 yuan / ton and 13300-14100 yuan / ton respectively. The reference price of Sinopec 660 is 13500 yuan / ton, which is 500 yuan / ton lower than that at the beginning of the week. The reference price of Zhongmei 990 in Zhanjiang is 13300 yuan / ton, which is 600 yuan / ton lower than that at the beginning of the week. The reference price of Saike 622 in Shanghai is 14100 yuan / ton, which is the same as that at the beginning of the week, The reference price of CITIC Guoan 688 was 13650 yuan / ton, which was the same as that at the beginning of the week, and the overall market price went down.

In the international crude oil market, on May 20, the international oil price continued to fall. At present, it has fallen for three consecutive days. The settlement price of the main contract in the U.S. WTI crude oil futures market was $61.94/barrel, down $1.41 or 2.2%. The settlement price of the main contract in Brent crude oil futures market was at US $65.11/barrel, down US $1.55 or 2.3%, mainly due to new progress in US Iran nuclear negotiations, a substantial increase in market supply expectation, and the epidemic situation in India.

Raw materials, May 20, styrene market as a whole light. The US dollar market of styrene in Asia was light as a whole, and there were few offers in the market. The RMB price fell within the day, while the US dollar market tended to wait-and-see, and the focus of individual quotations fell. CFR China closed at 1290-1350, with an average price down 40%; FOB Korea closed at 1270-1330, with an average price down 40%. Unit: USD / T. At present, the cost of styrene is well supported. In the short term, the terminal will continue to go to the warehouse and the inventory will remain low. The volume of tradable trade will be small and the downstream demand will be temporarily stable. It is expected that the styrene market will still be in the shock consolidation stage after the rapid rise and fall in the short term.

3、 Future forecast

According to the business news agency, under the guidance of macro policy, the prices of most plasticizing products have fallen, and the trend of styrene has been slightly tired. The bad news has depressed the prices of hips. It is expected that there will still be downward risks 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 May 18, the average price of formaldehyde in Shandong was 1416.67 yuan / ton, and on May 19, the average price of formaldehyde in Shandong was 1387.50 yuan / ton, down 2.06%. The current price is up 3.29% month on month, and 58.27% year on year.

As of May 19, the mainstream market price of formaldehyde in Central China was about 1436 yuan / ton, that in North China was 1320 yuan / ton, that in Northwest China was 1383 yuan / ton, and that in East China was 1419 yuan / ton. Recently, the atmosphere of formaldehyde market is relatively cold, the transaction situation is general, and the formaldehyde market shows a slight downward trend.

Upstream methanol situation: methanol market is mainly volatile, Shandong methanol Lubei market 2580 yuan / ton sent to cash. The methanol market in the southern part of Shandong negotiated to 2720 yuan / ton, and the nearby factory withdraws cash. Linyi receives the local goods to negotiate the price to 2680-2700 yuan / ton and deliver them to the spot exchange, while the logistics goods offer the price to 2600-2630 yuan / ton and deliver them to the spot exchange. The turnover of methanol market in central Shandong was 2600-2610 yuan / ton, which was delivered to cash. The market turnover was light and the negotiation atmosphere was cautious. Methanol market fell slightly, unable to form support for formaldehyde.

At present, the raw material market of the downstream sheet yard continues to be at a high level. Due to the increase of various costs, the start-up of the sheet yard is gradually tightening, the demand for formaldehyde is limited, the atmosphere of formaldehyde trading market is flat, and the formaldehyde market is slightly lower.

Recently, the upstream raw material methanol market showed a fluctuating downward trend, and the downstream plate factory’s willingness to receive goods was cold. Therefore, formaldehyde analysts from the chemical branch of business society predicted that the price of formaldehyde in Shandong would mainly fall in the near future.

Global stock markets fell under inflation worries, the epidemic situation in India continued to worsen, and international oil prices fell sharply. Pure benzene spot slightly down, cyclohexanone temporarily stable wait-and-see. According to the monitoring data of business news agency, as of May 14, the average price of domestic cyclohexanone market was 11220 yuan / ton, with a month on month increase of 13.10% and a year-on-year increase of 93.45%.

As of May 14, domestic cyclohexanone market summary:

Region, price

East China 11500-11600 yuan / ton in cash

South China 12000 yuan / ton in cash

Shandong Province 11150-11250 yuan / ton cash delivery

In terms of raw materials, pure benzene dropped after rising. In the first half of last week, due to the concentrated maintenance of pure benzene plants and the impact of new downstream demand, the domestic pure benzene supply was in short supply, and the market was reluctant to sell at low prices; In the latter half of the period, the futures price of styrene in the lower reaches fell sharply, and pure benzene followed the weakness. Downstream, caprolactam plant started to maintain a high level, raw materials on demand procurement.

The spot price of pure benzene has fallen, and the market price of cyclohexanone is relatively high, and the downstream follow-up is slow. Business community cyclohexanone analysts expect that the domestic cyclohexanone market will be high in the short term.

Trade name: hydrochloric acid

Latest price (May 17): 233.33 yuan / ton

On May 17, the price of hydrochloric acid mixture in Shandong increased by 6.66 yuan / ton, or 2.94%, compared with the quoted price on May 14. The market of liquid chlorine in the upper reaches is general, which gives weak support to hydrochloric acid. The market of silica and ammonium chloride in the lower reaches is high, which brings certain benefits to the price of hydrochloric acid. At the same time, the recent increase in enterprise maintenance, hydrochloric acid supply is tight, downstream procurement enthusiasm is good. The by-product acid is still impacting the market, and the pressure of hydrochloric acid delivery is greater.

Recently, the market price of hydrochloric acid in Shandong may rise slightly, and the average price is about 240 yuan / ton.

According to the data monitoring of business news agency, as of May 14, the reference average price of 30% grade phosphate ore in mainstream areas in China was around 500 yuan / ton, which was basically the same as that on May 7. Compared with that on May 1, the average price increased by 20 yuan / ton, or 4.17%, and compared with that on April 1 (the reference average price of phosphate rock was 446 yuan / ton), the average price increased by 54 yuan / ton, or 11.94%.

At the beginning of May, after the holiday, the domestic phosphorus ore mining enterprises in Guizhou raised the price of primary and high-end grade phosphorus ore again, with a large increase range of 10-50 yuan / ton. Then, the price of 30% grade phosphorus ore high-end vehicle plate in Guizhou increased to 480 yuan / ton, and the price of 28% grade phosphorus ore high-end vehicle plate also increased to 420 yuan / ton.

This week, the domestic phosphorus ore overall high stable operation

As of May 14, the market reference price of 30% grade phosphate ore in Guizhou is around 410-480 yuan / T, of which, the price of Xifeng phosphate ore in Guizhou is 300000 tons / year, and the price of 30% grade phosphate ore is 410 yuan / T, The reference price of 30% grade original car plate of Kailin in Guizhou is 440 yuan / ton. In Hubei area, Liushugou, Hubei Province, the price of 30% grade high phosphorus and low magnesium ore is 520 yuan / ton. In Sichuan area, the 30% grade phosphate concentrate in Mabian County of Sichuan Province is about 370-390 yuan / ton according to the shipping price in the county.

In terms of downstream yellow phosphorus, the yellow phosphorus market is affected by Yunnan power rationing and Guizhou Longma plant’s shutdown and outward mining. The on-site supply is tight, the market is high and stable, and the low-end price is hard to find. At present, the factory acceptance transaction reference price of Yunnan Net phosphorus is 17200-17400 yuan / ton. Phosphoric acid market is stable for the time being, continue to wait and see the trend of raw materials.

Phosphorus ore market trading stable, short term will continue to high consolidation operation

At present, the overall quotation of domestic phosphorus ore market is in the high consolidation stage, and the market transaction is relatively stable. I heard that the downstream purchase orders of yellow phosphorus products increase, which may give support to the phosphorus ore market. Therefore, the phosphorus ore analysts of the business community believe that in the short term, China’s phosphorus ore market will continue to be consolidated at a high level.

1、 Price trend

According to the data of the business club’s block list, the price of mixed xylene fell slightly this week. On April 30, the price of mixed xylene was 5850 yuan / ton; On Sunday (May 9), the price was 6060 yuan / ton, up 210 yuan / ton or 3.59% from last week; It increased by 70.22% over the same period last year.

2、 Analysis and comment

The mixed xylene market was active after the festival, boosted by the price rise of related aromatic products. Sinopec’s Toluene listing price continued to rise, and the bottom support strengthened. However, the follow-up of downstream demand is general, and the mixed xylene rise is limited due to the lack of sustainability of gasoline blending rise. In terms of external market, as of May 7, the price of imported mixed xylene from South Korea was 790 US dollars / ton, up 8.5 US dollars / ton, or 1.09% compared with April 30; The reference price of domestic imported mixed xylene was 815 US dollars / ton, up 11 US dollars / ton or 1.37% on April 30.

In terms of crude oil, good news: within the week, OPEC + kept the policy of gradually increasing production unchanged, and the energy demand in Europe and the United States improved to support the market. Bad news: the epidemic situation in India is severe, and the recovery of crude oil demand is full of uncertainty. On April 30, Brent rose $1.775/barrel, or 2.65%; WTI rose $1.4 per barrel, or 2.21%.

Downstream, PX market, domestic PX prices remained stable, at 6400 yuan / ton, up 60% year on year. As of May 7, the closing prices in Asia were US $859-861 / T FOB Korea and US $877-879 / T CFR China.

PTA market, PTA prices in East China rose, Sunday (May 9) at 4863.64 yuan / ton, 2.37% higher than last week, 43.14% higher than the same period last year.

In terms of ox market, ox prices remained stable this week. On Sunday, ox prices in East China were 5900 yuan / ton, up 47.5% over the same period last year.

3、 Future forecast

Xylene analysts from business society chemical branch think: first, look at the supply cost side, the implementation of OPEC + production reduction, the total number of oil drilling platforms in the United States, and weekly EIA and API inventory data. Second, on the demand side, the impact of the global epidemic on crude oil demand, the progress of industrial chain recovery, and the economic and trade situation in Europe and the United States. Third, look at the geopolitical situation in the Middle East, China and the United States, the progress of new technology, the dollar index and stock market linkage.

The external news is strong, and Sinopec’s listing price has strong support at the bottom, so it is expected that the trend of short-term mixed xylene will be strong. We will continue to pay attention to the impact of crude oil and gasoline blending price trend, xylene blending unit maintenance trends, port inventory and downstream demand changes on xylene blending price.