From May 6 to August 2021, the ex factory price of hydrogenated benzene in North China increased. The domestic ex factory price was 7275 yuan / ton at the beginning of the week and 7625 yuan / ton at the end of the week, with a weekly increase of 4.81%.

Price rise and fall of domestic main hydrogenated benzene market from May 6 to 8 (unit: yuan / ton)

Region, price on May 6, price on May 8, weekly rise and fall

East China, 7500-7600, 7800-7850, + 275

Shandong area, 7150-7250., 7400-7500., + 250

This week (May 6-8), the market price of hydrobenzene in Shandong Province was dominated, with 7200 yuan / ton at the beginning of the week and 7450 yuan / ton at the end of the week, up 250 yuan / ton.

In May 2021, Sinopec’s listed price of pure benzene was raised once. At present, the price is 7700 yuan / ton, of which Qilu Petrochemical is 7650 yuan / ton.

Since the end of April, the external price of pure benzene has risen sharply, and the crude oil price has been consolidated at a high level in the same period. Supported by favorable fundamental factors, Sinopec raised the ex factory price of pure benzene once before the festival, and rose again after the festival, with a total increase of 400 yuan / ton. Domestic pure benzene industry chain is bullish, downstream styrene and other markets are also strong operation, good support is obvious. The market of hydrobenzene follows the trend of pure benzene.

In terms of aftermarket, the business community thinks that under the current favorable factors of fundamentals, driven by the overall upward trend of the industrial chain, there is still room for upward trend in the aftermarket.

Commodity index: on April 29, the polyacrylamide commodity index was 94.30, up 0.1 point from yesterday, down 11.98% from the highest point 107.13 in the cycle (May 8, 2019), and up 13.77% from the lowest point 82.89 on August 2, 2020（ Note: period refers to from April 1, 2019 to now)

According to the data, since mid March, according to the local environmental protection policy, the water treatment plants in Gongyi district have stopped production. After stopping and opening, the plants did not resume production on a large scale until mid April. As far as April is concerned, the water treatment plants in the main production areas of Henan first stopped production for half a month, then resumed production on a large scale in the middle of the month, and then stopped production again due to environmental factors in the week near the end of the month. From the trend, polyacrylamide continued to maintain a small volatility market, domestic (molecular weight 12 million, ionic degree 10-30) polyacrylamide cation price quoted 15433 yuan / ton on the 25th, after a small adjustment to 15416 yuan / ton, and then a small increase to 15433 yuan / ton, showing a small “V” trend. Manufacturers continue to stop production, resulting in some of the tight supply, so there are small fluctuations in the market, in fact, inventory is relatively sufficient at the end of the month, demand is tepid.

Upstream raw materials: since February, driven by the rising cost of raw materials and the shortage of supply, the price of acrylonitrile has been rising all the way, and the domestic price has reached the highest point in recent five years: on February 18, the mainstream quotation was 12100 yuan / ton, and on March 10, the daily quotation was 16500 yuan / ton, up 4500 yuan / ton, with a range of 36%; However, from the middle of March, affected by the lower upstream price, the price was reduced by 250 yuan / ton on the 15th, and the mainstream market quotation was reduced to about 16300 yuan / ton. On the 26th, Shanghai Secco reduced its price by 300 yuan / ton to about 16000 yuan / ton; In April, the domestic mainstream market price of acrylonitrile continued to decrease by 10%, from 14400 yuan / ton to 14250 yuan / ton at the end of the month, with a weekly decrease of about 1%. The raw material cost of polyacrylamide decreased again.

Secondly, natural gas is used in the production process. In the first ten days of April, the civil gas market of Shandong Province continued to go up, and the price kept rising, especially after the Qingming Festival holiday; However, in the latter half of the year, the price of liquefied gas for civilian use was basically stable after falling 5-6%. It is obvious from the trend chart that there is a large contrast between the rising market in late April and early April. Although the price is down a part compared with the first ten days, the current price of Shandong civil gas is at a relatively high level, the atmosphere of downstream entering the market has warmed up, the manufacturers ship smoothly, and the inventory is mostly at a controllable level. There are still negative factors in the market, international crude oil is in a relatively weak position, and the market demand is expected to weaken due to the rising weather and temperature. According to the data monitoring of business news agency, on the 25th of this week, the mainstream price of LPG in Shandong market was 4153.33 yuan / ton, while on the 30th it was 4066.67 yuan / ton, down about 2%.

Downstream demand: from 2021 to now, especially after the year, from the middle of February to the middle of March, the price of upstream raw materials has increased significantly, resulting in a substantial increase in the cost of polyacrylamide. As a downstream product, polyacrylamide has increased, resulting in a substantial increase in the procurement cost of downstream enterprises. In the early years after, the water treatment project has not yet recovered, and the demand is weak, so the market of polyacrylamide is not good. During the shutdown period from mid March to mid April, although the inventory is consumed, the demand does not change much; So far this month, the demand is still tepid, and the market change of polyacrylamide this month is purely affected by the inventory of each factory when the production is stopped.

Future forecast: according to the analysis of the business community, the domestic economy is stable and improving, but there are many uncertain factors in the global macro economy under the external influence, especially the recent epidemic situation has a serious impact on Southeast Asia. In addition to the obvious impact of inflation on the market of bulk raw materials this year, the overall demand of overseas markets is weakening, which has a very obvious impact on multi industries, and then transmits to the production links of multiple industries; Polyacrylamide, as an environmental protection water treatment product, is closely related to the environmental protection requirements of many industries, and its demand will be greatly affected. Secondly, under the state’s environmental protection objectives and regulatory requirements this year, the environmental protection inspection in various places is strict. As the main production area of water treatment products, Gongyi District of Henan Province also stopped production for rectification for about one month. However, the impact of inventory is not very big, especially after the resumption of production in the middle of the month, the supply is sufficient. In the future, if the production of related industries is affected, the demand for water treatment projects will also decrease. Towards the end of the month, the cost of acrylonitrile will be reduced by 1%, liquefied gas will also be reduced by 2%, and the production cost of polyacrylamide will be reduced. In the future, the market will be stable in the short term, and the cost may decrease in the medium term. However, if the demand improves, it will stimulate the industry. It is reported that although most of the manufacturers in the main production areas resume production, some of them still stop production from time to time. It is continuously suggested that the relevant manufacturers should start from the overall situation, improve the production technology level as soon as possible, meet the requirements of environmental protection, and maintain the long-term survival and development of the enterprise.

Domestic price trend:

From the trend chart of p-xylene, it can be seen that the price of p-xylene remained stable in April. By the end of the month, the domestic ex factory price of p-xylene was 6400 yuan / ton, which was the same as that at the beginning of the month. The price trend of domestic PX market was stable in April.

In April, the domestic supply of p-xylene was normal, and the domestic PX operating rate was more than 60%. The 600000 ton unit of Sinopec Hongrun Petrochemical Co., Ltd. was in stable operation, the Yangzi Petrochemical Unit was in stable operation, the Pengzhou petrochemical unit was in stable operation, the Yangzi Petrochemical PX unit was in normal operation, the Jinling Petrochemical Unit was in stable operation, the Qingdao Lidong unit was in full load operation, and the Qilu Petrochemical Unit was in stable operation, The start-up of Urumqi petrochemical plant is about 50%. The domestic supply of p-xylene is general, but there are many overhauls of overseas plants. The domestic price of p-xylene is affected and the trend remains high. Recently, the international crude oil price is above US $60 / barrel, and the PX external market price is rising slightly. As of the 28th, the closing prices in Asia are US $856-858 / T FOB Korea and US $874-876 / T CFR China. Recently, the operation rate of PX unit in Asia is normal. As a whole, the operation rate of p-toluene unit in Asia is less than 60%, and the supply of PX in Asia is general, PX closing price rose slightly, affected by the external price, the domestic market price trend of p-xylene was temporarily stable.

Oil prices rose sharply in April, and the International Energy Agency (IEA) raised its crude oil demand forecast. Then the inventory data of the US Energy Information Agency (EIA) showed that the US crude oil inventory fell for the third consecutive week, boosting people’s optimistic expectations of the recovery of energy demand. As of April 28, the settlement price of the main contract in the US WTI crude oil futures market was at US $63.86/barrel, Brent crude oil futures market settlement price of the main contract at 66.78 U.S. dollars / barrel. International market news will still face some risks. Even if the epidemic situation in Europe and the United States is controlled to a certain extent, the economic growth and blockade will be eased, which is expected to stimulate the recovery of oil demand. However, the epidemic situation in India and Japan, the third largest crude oil consumer, is not optimistic. With the intensification of the blockade, the demand for crude oil in Asia will be affected. If the US and Iran return to the “nuclear agreement”, these capacities will also bring variables to the market. Superimposed on the sustained growth of shale oil in the United States, the increase in supply will still greatly stabilize the favorable oil price of demand growth. The sharp rise of crude oil price in April is good for domestic petrochemical products, and the price trend of p-xylene is temporarily stable.

In April, the price trend of downstream PTA market rose, and the domestic PTA spot market rose. As of the 29th, the average price of PTA market was 4750-4800 yuan / ton, up 8.10% in April. In April, the price of auxiliary material acetic acid reached a record high, resulting in a substantial increase in PTA market cost. Under the low processing fee, PTA plant maintenance reduced production more. As of April 27, the operating rate was around 78%, with a month on month decline of about 4%, and the price continued to fluctuate upward. In terms of demand, gold, silver and four have come to an end, the terminal demand has not exceeded the expected performance, and the follow-up of new orders is insufficient, which restricts the factory’s willingness to purchase raw materials. The operating rate of most textile clusters in Jiangsu and Zhejiang has been callback, and the comprehensive operating rate has dropped from 86% in early April to around 82%. PTA prices rose in April, but the overall demand of downstream is poor, and the price trend of p-xylene market is temporarily stable.

Chen Ling, PX analyst of business society, believes that there is a certain risk of decline in the current cost side, and the short-term crude oil price will remain high and volatile. However, PTA will continue to go to the warehouse in the downstream in May. However, due to the reduction of maintenance and the planned production of 3.3 million tons of Yisheng new materials, the speed of going to the warehouse will probably slow down, and the textile industry will enter the off-season of sales, It is expected that the market price trend of p-xylene will remain stable in the future.

According to the price monitoring of the business community, the market price of lithium carbonate in East China has maintained a stable trend in April 2021. As of April 28, the average price of industrial grade lithium carbonate in East China was 86600 yuan / ton, which was 0.46% lower than that at the beginning of the month (the average price of industrial grade lithium carbonate in East China was 87000 yuan / ton on April 1). On April 28, the average price of battery grade lithium carbonate in East China was 90000 yuan / ton, which was 0.66% lower than the average price at the beginning of April (the average price of carbon in East China was 90600 yuan / ton). Until the 28th, the comprehensive price of industrial grade lithium carbonate was in the range of 80000-90000 yuan / ton, and the comprehensive price of battery grade lithium carbonate was in the range of 8500-92000 yuan / ton.

From the observation of market changes, the price of lithium carbonate slightly increased in early April, but the range of change was relatively small, and the quoted prices of most enterprises were basically flat. After a small amount of exploration, the price has been in a stable state, and the stable price has continued until the middle and late April. From the market point of view, lithium carbonate supply enterprises are more willing to support the price, and the price is still stable when the demand is relatively weak. In addition, domestic lithium carbonate will continue to increase from March to may, and the situation of short supply has been significantly improved, so it is difficult to see a sharp rise in price.

Towards the end of April, the price of lithium carbonate began to loosen, and some enterprises had a slight downward trend, but most enterprises still maintained a stable state. At present, the inventory of lithium carbonate enterprises remains stable, and the situation that the downstream market is in short supply has been alleviated. The upstream lithium resources are in a tense state, but it seems that it has no impact on the recent lithium carbonate price.

The price of downstream lithium hydroxide rose in April. The price rise was due to the tight market supply, steady demand, strong offer of goods holders, and hard to find low price goods in the market. In terms of LiFePO4, the overall growth rate was 4.17% in April, with an increase of 2000 yuan / ton. The development trend of new electric vehicles is becoming increasingly apparent. Marine vehicles are developing rapidly, and there is a huge development space in the field of standby power storage. It can be seen that the market position of LiFePO4 will be further improved in the future.

According to the lithium carbonate analysts of business news agency, at present, the price of lithium carbonate has returned to the state of stable consolidation, and the production increment of lithium carbonate has also eased the tension between supply and demand in the early stage. The market is basically in the state of just purchasing. It is expected that the price of lithium carbonate may be in a weak consolidation state in the short term.

Price trend

According to the data monitoring of the business association, the price of acetic anhydride rose all the way in April. On April 27, the price of acetic anhydride rose by 500 yuan / ton in a single day. In April, the price of acetic anhydride soared. The price of acetic anhydride set a record, and the price of acetic anhydride rose to the sky. On April 27, the price of acetic anhydride was 11833.33 yuan / ton, up 26.56% from 9350.00 yuan / ton on April 1. Some manufacturers offer up to 12500 yuan / ton.

Acetic acid price trend

As can be seen from the price trend chart of acetic acid, the price of acetic acid rose sharply in April, and the market of acetic acid rose all the way. It is difficult to determine the schedule for the start-up of Shunda acetic acid plant. The unexpected shutdown of Jiangsu Sopu acetic acid plant resulted in insufficient supply of acetic acid, which stimulated the rise of acetic acid price. In April, the price of acetic acid soared all the way, and the raw material cost of acetic anhydride rose, which pushed the price of acetic anhydride up.

Specific value index of acetic acid and acetic anhydride

According to the monitoring of business news agency, the commodity price index of acetic acid and acetic anhydride on April 26 was 144.32, up 0.43 points from yesterday, down 2.05% from the highest point of 147.34 points (2021-04-11) in the cycle, and up 106.94% from the lowest point of 69.74 points on August 4, 2016（ Note: period refers to the period from January 1, 2015 to now). The prices of acetic acid and acetic anhydride both reached record highs. The price comparison index of acetic acid and acetic anhydride reached record highs on April 11. The price comparison index reached record highs in April, and the driving force for acetic anhydride to rise increased.

Methanol price trend

It can be seen from the methanol price trend chart that the methanol price fluctuated and rose in April, and the methanol rise slowed down in late April. In April, the start-up of methanol enterprises recovered slowly, and the methanol supply increased; Some olefin enterprises in the downstream of methanol are supported by outsourcing, the methanol port inventory is reduced, the support of methanol price rise is limited, the methanol price fluctuation is mainly sorted out, and the support of methanol to acetic anhydride rise is limited.

Market summary and future forecast

Bai Jiaxin, acetic anhydride data analyst of business news agency, believes that the price of raw materials continues to soar, and the cost of acetic anhydride rises sharply, which stimulates the price of acetic anhydride to rise again and again. Some acetic anhydride manufacturers have quoted a sky high price of 12500 yuan / ton, and the actual price of some downstream customers is more than 13000 yuan / ton. Such a high price of acetic anhydride is far beyond the affordability of downstream customers. Some downstream customers of acetic anhydride have stopped production and become more resistant to the high price of acetic anhydride. However, due to the high cost of acetic anhydride and the lack of price reduction space of acetic anhydride, the future market of acetic anhydride is in a dilemma. Overall, the cost of acetic anhydride remains high in the future, and the driving force of acetic anhydride rising is increasing. Downstream customers started to reduce, the resistance to high acetic anhydride is larger, acetic anhydride drop pressure increased. Under the double pressure, it is expected that the price of acetic anhydride will continue to rise in the future, but the rising trend is expected to slow down. Acetic anhydride manufacturers may lower their profit expectations to ensure downstream customers to start.

Trade name: urea

Latest price (April 26): 2170.00 yuan / ton

On April 26, the ex factory quotation of urea in Shandong increased by 3.33 yuan / ton, or 0.15%, compared with the quotation on April 23. The upstream liquid ammonia market has risen slightly recently, and the cost support is good. In the aspect of demand, agricultural demand is mainly sporadic procurement; The start-up load of downstream compound fertilizer and rubber sheet plants increased slightly, and most of them followed the market. Supply side: at present, the operating rate of urea enterprises is about 70%, with a decrease, and the daily output is about 150000 tons. Urea plant maintenance, supply side tightening.

In the future, it is expected that the short-term urea market will fluctuate slightly and rise mainly: the average price quoted by the manufacturer is about 2200 yuan / ton.

Price trend

According to the data monitoring of business news agency, the DOP market rebounded this week, and the DOP price rose sharply. As of April 25, the DOP price was 12125.00 yuan / ton, up 4.75% from 11575.00 yuan / ton on April 18 last weekend. DOP market rebounded and rose this week, and DOP price climbed to the peak again.

Isooctanol tends to stabilize

It can be seen from the price trend chart of isooctanol that the price of isooctanol rebounded from the bottom in April and rose sharply. This week, the price of isooctanol rose sharply, the cost of DOP raw materials rose sharply, the downward pressure of DOP decreased, and the upward momentum increased. DOP market has the support of rising.

Phthalic anhydride tends to be stable

It can be seen from the trend chart of phthalic anhydride that the price of phthalic anhydride fluctuated and rose in April. This week, the price of phthalic anhydride rose sharply, the price of raw material phthalic anhydride of DOP rose, the cost of DOP rose, and the upward pressure of DOP in the future increased.

Market summary and future expectation

Bai Jiaxin, DOP data analyst of business society, believes that the prices of raw materials phthalic anhydride and isooctanol rose sharply this week, DOP costs rose, DOP market rose, PVC market fluctuated and maintained stability, PVC demand was stable, and downstream industry chain had certain support. Overall, the prices of phthalic anhydride and isooctanol rose sharply, the cost of DOP rose, the downstream PVC market was stable, and the DOP rise was supported greatly. It is expected that the DOP price will rise in the future.

According to the data monitored by the business community, as of April 23, the average price of domestic general transparent and premium PMMA products was 16800.00 yuan / ton, and the market maintained stable operation. The quotation range of mainstream manufacturers was 16000-17500 yuan / ton, with a large price span, and the downstream just needed to purchase.

PMMA is mainly used in the electronics industry and construction industry. In recent years, due to the sharp increase in the output of flat-panel TV sets and the rapid growth in the demand for vehicle mounted LCD, PMMA has great potential. The upstream phenol Market is strong, the market focus is about 9000 yuan / ton, the quotation of the on-site shippers is high, the delivery pressure is not big, the price is mainly increased, and the supplier’s delivery is flat.

Rubber and plastic index: on April 22, the rubber and plastic index was 793 points, down 3 points from yesterday, down 25.19% from 1060 points (2012-03-14), the highest point in the cycle, and up 50.19% from 528 points, the lowest point on April 6, 2020（ Note: period refers to the period from December 1, 2011 to now

Business community PMMA analysts believe: in the short term, PMMA prices maintain a stable trend, supply and demand balance（ If you want to get more information about goods and master the price of goods, you can subscribe to the business community through the official account of the business community.

1、 Price trend

According to the monitoring data of the business agency, the average price of domestic ammonium sulfate was 906 yuan / ton on April 12 and 906 yuan / ton on April 16, which was stable this week.

2、 Market analysis

The price of ammonium sulfate is stable this week. Coking grade ammonium sulfate is stable at a high level, and domestic grade ammonium sulfate Market is strong. By the end of the week, the mainstream ex factory price of coking grade ammonium sulfate in Shandong was 800-850 yuan / ton, that in Hebei was 770-830 yuan / ton, that in Shanxi was 750-840 yuan / ton, and that in Northeast was 700-800 yuan / ton.

The downstream compound fertilizer market is stable this week. The raw materials of compound fertilizer run at a high level, the cost support is favorable, and the trading atmosphere is not strong. At present, the demand for ammonium sulfate is general, and most of them are purchased on demand. The market is mainly wait-and-see, and the demand needs to be improved.

3、 Future forecast

Business agency ammonium sulfate analysts believe that the current demand for coking grade ammonium sulfate is not large, the transaction is general. There is still a conflict between the lower reaches and the price, so they buy on demand. It is expected that in the short term, ammonium sulfate will be mainly in high-level consolidation operation.

Trade name: nitrile rubber

Latest price (April 20): 21900 yuan / ton

Key points of analysis: according to the monitoring of business news agency, the domestic price of NBR was 21900 yuan / ton on the 20th, down 1.50% compared with the previous day. On the one hand, the price of butadiene is at a low level and the cost is short. According to the business news agency, as of April 20, the price of butadiene was 6696 yuan / ton, down 9.69% from the beginning of April. On the other hand, after the festival, the demand of some downstream products factories was general, the inquiry was light, and the market merchant’s shipment was the main, and the offer was lowered. According to the monitoring of business news agency, on the 19th, the mainstream of Lanhua’s nitrile 3305 market was 20800 ~ 21300 yuan, the mainstream of Nandi 1052 market was 24500 ~ 25000 yuan / ton, the mainstream of Russia’s 3365 market was 19000 ~ 19200 yuan / ton, and the mainstream of South Korea’s lg6250 market was 20000 ~ 20500 yuan / ton.

Future forecast: the cost side is lower and the demand side is weaker. It is expected that the market price of NBR will remain weak in the short term.