According to the data of business agency, on August 24, the weekly average price of domestic industrial grade formic acid was 1706.67 yuan / ton. As of August 28, the weekly average price of domestic industrial grade formic acid was 1733.33 yuan / ton. This week, the formic acid market rose slightly, and some manufacturers’ quotations hit the bottom and rebounded.

2、 Market analysis

This week, the domestic industrial grade formic acid market after last week’s stable operation, this week’s price gradually increased, the quotation continued to be stable in January. This week, manufacturers and dealers stand by and wait and see, and some enterprises make adjustments for market changes. At present, the quotation of enterprises is generally around 1700 yuan / ton, and the fluctuation of individual dealers is not big. At present, the mainstream ex factory price of formic acid is about 1400 yuan / ton, and the quotation of mainstream dealers is 1900-2600 yuan / ton. Xiangbo Chemical Co., Ltd. quoted price of RMB 1350 / Zhangcheng Chemical Co., Ltd.

The liquid ammonia Market in the upstream of formic acid has a steady rise, and the overall trading atmosphere is fair. The recent rise in urea price has a good boost to the liquid ammonia Market. In addition, some enterprises have increased urea production. Domestic caustic soda fluctuates in a narrow range, and the enterprise’s shipment is general. The demand of leather and pesticide industry of downstream products is not prosperous.

3、 Future forecast

According to the formic acid data analyst of the business agency, the current domestic industrial grade 85% formic acid market will rise slightly, and the tight market supply will give a good boost to the formic acid market. The downstream demand is not strong, and the formic acid market may adjust steadily in the short term.

According to the monitoring data of the business agency, as of August 26, the average ex factory price of domestic propylene glycol was 7966.67 yuan / ton, which was 33 yuan / ton lower than that on August 21 last weekend, a decrease of 1.65%

Propylene glycol belongs to the chemical plate product is a chemical reagent

Propylene glycol is a colorless, viscous and stable water absorbing liquid of organic alcohol. It is almost tasteless, odorless, flammable and low toxic. It is miscible with water, ethanol and various organic solvents, and its chemical formula is c3h8o2. Under normal conditions, it is colorless and viscous liquid, almost tasteless, slightly sweet, with a boiling point of 187.3 ℃. Melting point – 60 ℃. The relative density was 1.0381 (20 / 20 ℃).

At the beginning of the week, domestic propylene glycol market was weak and fell slightly

On the 24th of this week, the domestic propylene glycol market broke the weak stable trend of several days, and the market price decreased slightly. At present, driven by the upstream raw materials, propylene glycol manufacturers intend to strengthen the quotation. However, at the end of last week, with the increase of ship port arrival and the increase of on-site inventory, under the pressure of inventory, the price of propylene glycol in Shandong Province was reduced by 100-200 yuan / ton. At present, the 90 month effect of downstream demand has not yet appeared, basically maintaining the rigid demand procurement, and the replenishment volume has little change. The price of propylene oxide is high and stable, which supports the cost of propylene glycol. After a small decline in the market, the propylene glycol market has maintained a weak and stable operation in recent two days.

The current market prices of propylene glycol in some areas of China are attached (data for reference only, unit: yuan / ton)

Product name up and down on 8 / 21 / 8 / 26

Propylene glycol East China 8100 7900 – 200

South China 8400 8200 – 200

Shandong 7900 7800 – 100

Domestic propylene glycol consumption

In China, propylene glycol is mainly consumed in the field of unsaturated resin and polyether, and also in antifreeze, tobacco moisture, cosmetics, coatings, medicine and other aspects. The unsaturated resin industry is the largest application field of propylene glycol in China, with the consumption proportion of about 80.7%, followed by polyether industry, accounting for about 9.7%; in other fields, the proportion of medicine accounts for 1.9%; the proportion of coating accounts for 3.5%; and the proportion of other industries accounts for 4.2%.

Propylene glycol is expected to be stable in the future

At present, the raw material propylene oxide is running at a high level, the cost pressure of propylene glycol is high, and the probability of a sharp decline in the short term is low. It is expected that the main trend is stable operation. However, on the one hand, the import of propylene glycol has always brought a certain impact on the domestic market. Therefore, if the market inventory increases and sales pressure, the propylene glycol market may decline slightly again.

1、 Price trend

The price of calcium carbide in Northwest China rose slightly this week. This week, the average ex factory quotation price of mainstream calcium carbide manufacturers increased from 2706.67 yuan / ton at the beginning of the week to 2730.00 yuan / ton at the end of the week, up 23.33 yuan / ton or 0.86% or 5.86% lower than the same period last year. Overall, this week’s calcium carbide market rose slightly, the carbide commodity index on August 21 was 71.53.

2、 Trend analysis

From the manufacturer’s quotation, the calcium carbide factory price in Northwest China rose slightly this week: the carbide price of oviganeng was 2800 yuan / ton at the end of this week, which was 70 yuan / ton higher than that at the beginning of the week; the carbide price of Inner Mongolia China Union was 2690 yuan / ton this weekend, which was temporarily stable compared with the beginning of the week; the price of calcium carbide in Xingping of Ningxia was 2700 yuan / ton this weekend, which was temporarily stable compared with the beginning of the week.

Overall, the actual transaction price of calcium carbide in Northwest China is about 2650-2800 yuan / ton this weekend: the mainstream transaction price of calcium carbide in Shaanxi is about 2800 yuan / ton; the mainstream transaction price of calcium carbide in Ningxia is about 2700 yuan / ton; the mainstream transaction price of calcium carbide in Inner Mongolia is about 2650 yuan / ton, and the actual transaction price is mainly through negotiation.

From the calcium carbide upstream and downstream industry chain, upstream raw material market, orchid charcoal factory quotation this week temporarily stable. At present, the quotation of small materials is 560 yuan / ton, that of medium materials is 580 yuan / ton, and that of large materials is about 750 yuan / ton. The low price consolidation of upstream raw materials and the general cost support have a negative impact on the price of calcium carbide.

Downstream market, PVC factory price rose slightly this week. The price of PVC increased from 6435.00 yuan / ton at the beginning of the week to 6577.50 yuan / ton at the end of the week, up 2.21%, and decreased by 2.63% compared with the same period last year. This week, PVC prices rose slightly, the market is good, downstream purchasing enthusiasm for calcium carbide, overall, PVC market this week has a positive impact on calcium carbide prices.

3、 Future forecast

In late August, calcium carbide market fluctuated slightly. The price of raw materials in the upstream is low, which generally supports the price of calcium carbide, while the price of PVC in the downstream rises slightly. The downstream customers are more active in purchasing calcium carbide. Moreover, the production capacity of calcium carbide is insufficient at this stage, and the supply of calcium carbide is tense. The later market forecasts that the price of calcium carbide in Northwest China will rise slightly in late August.

International crude oil prices were running at a high and narrow range. On the 21st, domestic refined oil prices were raised. Domestic gasoline and diesel prices increased by 85 yuan and 80 yuan per ton, respectively. The gasoline market was not willing to follow up. The MTBE market purchased on demand, and the market price declined slightly. The price of MTBE on August 21 was 3683 yuan / ton, down 1.34% from the price at the beginning of the week, according to the business agency.

This week, domestic sunny days are the main, but the domestic hot weather is declining, and the gasoline terminal demand remains rigid. Refineries purchase MTBE and other intermediate materials on demand, and the overall demand atmosphere of MTBE is relatively flat. In addition, domestic gasoline resource supply is still relatively abundant, MTBE manufacturers mainly deliver goods, and MTBE market price drops slightly.

Analysts of MTBE products of energy branch of business agency believe that: the crude oil market lacks the stimulation of good news, and the international crude oil price is running in a narrow range; with the arrival of the traditional peak season of Jinjiu Yinshi, gasoline demand will increase, which is favorable to MTBE market price, and the domestic MTBE market price is expected to rise steadily.

According to the data of bulk commodity list of business agency, the recent average price of formaldehyde in Shandong Province is 866.67 yuan / ton, the current price is down 0.77% month on month, and the current price is 26.29% lower than last year.

Recently, the market price of formaldehyde in Shandong has been stable. As of August 21, the mainstream factory quotation in Central China is about 923 yuan / ton, that of mainstream manufacturers in North China is 755 yuan / ton, and that in East China is 896 yuan / ton. Linyi Jinyuan Chemical has two formaldehyde production lines with an annual production capacity of 80000 tons, formaldehyde content of 37% and load of 50%. Recently, formaldehyde factories in Shandong are affected by environmental supervision, and most of them are self inspection and self inspection. Enterprises in Shandong are weak in start-up and flat in shipment. On the spot trading atmosphere is cold and clear, and the formaldehyde market is mainly stable.

Situation of upstream methanol: the domestic methanol market has weakened recently, some manufacturers have lowered their ex factory quotations, and the unit operating rate of production enterprises in the northwest main production area is maintained at 60-80%, the shipment situation is acceptable, and some enterprises plan to overhaul their units. Overall, domestic methanol market is mainly sorted.

The downstream wood board entered the traditional off-season, the wood demand continued to be weak in the early stage, the environmental protection supervision was strengthened, the market trading atmosphere was flat and light, the formaldehyde enterprises shipped smoothly, the atmosphere of on-site purchasing was cold, and the actual transaction was not good. Formaldehyde market changes little, shock consolidation.

Recently, more and more upstream raw materials run smoothly, and the theoretical profit of formaldehyde enterprises is not good. Due to the flat shipment of formaldehyde enterprises, the formaldehyde analysts of the chemical branch of the business society predict that the domestic formaldehyde price will mainly fall below in the near future.

According to the business agency data monitoring: on August 19, the price of lithium carbonate was still in a relatively stable situation, and the price of industrial grade lithium carbonate increased slightly. On August 19, the average price of industrial grade lithium carbonate in East China was 40000 yuan / ton, which was 0.25% higher than that at the beginning of the week (the average price of industrial grade lithium carbonate in East China was 39900 yuan / ton on August 17), and the average price of battery grade lithium carbonate in East China on August 19 was 44900 yuan / ton, which was the same as that at the beginning of the week (the average price of battery grade lithium carbonate in East China on August 17 was 44900 yuan / ton). On the 19th, the comprehensive market quotation of industrial grade lithium carbonate was around 35000-45000 yuan / ton, and that of battery grade lithium carbonate was around 40000-48000 yuan / ton.

Recently, the atmosphere of inquiry in the lithium carbonate market is relatively strong. As the large lithium salt manufacturers in Jiangxi and Qinghai are in good condition and the prices remain stable, some enterprises try to raise the price of lithium carbonate slightly to test the market acceptance. With the increase of the quoted price, the demand enterprises are still on the wait-and-see situation for the time being, and the game between the two sides is the main one. It is afraid that the end of the month will be a purchasing concentration period.

At present, the downstream demand for lithium iron phosphate and ternary materials has gradually recovered, with obvious increase, and the demand for shipment has improved. In addition, the operating rate of some spodumene lithium extraction smelting enterprises has decreased, which may lead to a relative decrease in the spot market of electric carbon, and some electric carbon enterprises have a tight shipment situation. Whether the future price will rise still depends on the market demand.

According to the price monitoring of business agency, on August 18, 2020, there were 12 kinds of commodities in the list of commodity price rise and fall, including 3 commodities with an increase of more than 5%, accounting for 3.3% of the total number of commodities monitored in the plate; the top three commodities were TDI (10.53%), butadiene (5.85%) and sulfur (5.61%). There were 8 kinds of commodities that declined on a month on month basis. The top three products were hydrochloric acid (- 1.49%), ethylene (- 1.35%) and styrene (- 0.95%).

Lithium carbonate analysts of the business club believe that at present, the turnover of lithium carbonate market is gradually active, the product inventory is gradually declining, and the market demand is rising. In addition, centralized procurement may be expected at the end of the month, and the price of lithium carbonate is expected to be in a state of shock and stability in the short term.

1、 Price trend

According to the business club’s big list data, this week’s domestic toluene market trend is stable. As of Friday, the domestic average price was about 3380 yuan / ton, which was flat compared with last week.

2、 Analysis and comment

This week, the international crude oil price fell back, overall stable, affected by this, toluene price trend is stable this week, at the same time, due to the impact of lower demand for blended oil and solvent, toluene demand declined, market trading was not active, prices were weak and stable. As of the end of last week, the port inventory remained at a high level, about 95000 tons. However, the progress of de stocking was slow. At present, the mainstream price in East China is about 3400 yuan / ton. As the new coronavirus epidemic leads to the reduction of crude oil demand and the impact of geopolitical tightening on economic recovery concerns, the market continues to pay attention to the impact of the continued spread of overseas epidemic on the demand for crude oil, and the progress of the European and American economic recovery rescue plan.

Upstream, crude oil, this week, the international oil price rose and fell. As of Friday, Brent rose 0.255 USD / barrel to 44.515 USD / barrel, up 0.58% month on month. The longer the oscillation lasts, the greater the possibility of large fluctuations in the future. The future market will pay close attention to the fluctuation and breakthrough of Brent crude oil between $42-46 / barrel. The future crude oil demand prospect and oil price trend mainly depend on the trend of global epidemic situation and the orderly recovery of national economy. At the same time, how oil producing countries and oil enterprises adjust their production is also an important factor affecting oil prices.

In the downstream, TDI continued to rise this week, and the atmosphere in the market became warmer. For domestic goods with bill of lading, the reference for outbound offer of domestic goods was 12000-12600 yuan / ton, and that of Shanghai goods with bills was 12200-13000 yuan / ton. It is expected that the short-term TDI market will maintain a small upward trend. In terms of PX market, the listed price of domestic Sinopec’s enterprises is about 4600 yuan / ton this week, and the latest external price is about 536 US dollars / ton FOB Korea and 554 US dollars / ton CFR China. It is expected that the PX market will maintain a stable trend in the short term.

3、 Future forecast

According to toluene analyst of chemical branch of business society: in the short term, OPEC + production reduction, total number of American oil wells and EIA, API inventory data. In the medium term, on the demand side, the economic and trade situation in Europe and the United States, the geopolitical situation between China and the United States, and the continuous deterioration of the global second epidemic situation have an impact on the economic restart of crude oil demand and the recovery progress of the industrial chain. Next week, we will focus on the impact of the continued spread of overseas epidemic on the demand for crude oil due to the economic restart and recovery, as well as the progress of the European and American economic recovery rescue plan. On the whole, it is expected that toluene prices in the domestic market will continue to fluctuate slightly next week.

1、 Price trend

This week, the selling price of sulphuric acid in Shandong is stable temporarily, with the quotation of 427.50 yuan / ton. Overall, this week’s sulfuric acid market temporarily stable, August 14 sulfuric acid commodity index was 66.54.

2、 Market analysis

From the manufacturer’s quotation, the price of mainstream sulfuric acid manufacturers in Shandong this week is temporarily stable, the manufacturers’ inventory is small, and the downstream demand is strong. Heze Jiangyuan quoted 350 yuan / ton at weekend, which was temporarily stable compared with the beginning of the week; Zouping Tianlu offered 240 yuan / ton at weekend, which was temporarily stable compared with the beginning of the week; Jinan Yuanfei quoted 550 yuan / T, which was temporarily stable compared with the beginning of the week; kunshengda of Taiyuan City quoted 570 yuan / T at the weekend, which was temporarily stable compared with the beginning of the week.

From the perspective of the upstream and downstream industrial chain, the upstream sulfur market has risen slightly recently, and the cost support is good. However, the market consolidation of monoammonium phosphate and diammonium phosphate in the lower reaches has a positive impact on sulfuric acid, and the price of bromine is also rising steadily, but the increase is small, which has a positive impact on sulfuric acid. At the same time, some sulfuric acid factories are short of operation recently, the load is reduced, and the supply of sulfuric acid is in short supply.

3、 Future forecast

In the middle of August, the market of sulfuric acid in Shandong Province rose mainly due to small fluctuation. The price of sulfur in the upstream has risen slightly in recent years, and the downstream market has been consolidated at a high level. The demand for sulfuric acid in the downstream is positive, and the product trend is upward under the contradiction between supply and demand. The sulfuric acid analysts of the business agency believe that the short-term Shandong market in the supply and demand and raw materials and other aspects of the impact of sulfuric acid market or a small rise.

1、 Price trend

According to the monitoring of bulk data of business agency, the mainstream price of styrene in China fell this week. On Monday (August 10), the price of sample enterprises of business agency was 5266.67 yuan / ton, while on Friday (August 14), the price of sample enterprises was 5250.00 yuan / ton, a decrease of 0.32%. The price fell by 37.38% compared with the same period last year.

2、 Market analysis

This week, the styrene market price fluctuated lower. On August 10, East China styrene closed at 5250-5300 yuan / ton, while on August 14, it was 5250 yuan / ton, down 50 yuan / ton, and the above was Zhangjiagang export price. 50-5300 tons of styrene delivered to the factory on August 10.

In terms of raw materials, crude oil rebounded this week, ethylene and pure benzene supply increased, ethylene prices fell steadily, and pure benzene prices stabilized. This week, the pure benzene was relatively stable. On Thursday (August 13), the mainstream quotation of pure benzene was 3440.00 yuan / ton, which was stable compared with last Friday. The demand for pure benzene this week decreased, the price of downstream was seriously depressed, and the market atmosphere was negative. In addition, the external market of pure benzene continued to fall, and the external news was also difficult to benefit the market. Due to the low inventory of some domestic factories, there was no overseas sales, so the price remained stable.

In terms of ethylene, the mainstream ethylene quotation on Thursday (August 13) was 711.75 yuan / ton, down 23 yuan / ton or 3.13% from 734.75 yuan / ton on Friday (August 7). This week, the supply of ethylene market increased, some downstream profitability was fair, and there was still demand for ethylene.

In terms of inventory, the short-term oversupply situation has not changed, and the mainstream inventory is still at a high level. Total inventory in East China this week was 353400 tons, down 1.48% from 358700 tons last week. Last week, some of the cargo was delayed to unload this week due to typhoon and other influences, resulting in a large amount of cargo arriving at the port. And the carrier accelerated to pick up the goods to inventory, this week individual reservoir area picked up a lot of goods. As for domestic styrene, the styrene operating rate decreased slightly this week, with an average operating rate of 82.96% this week, down 3.64% from 86.6% last week. The decline is limited, so the supply of styrene on the site is still sufficient. However, due to the lack of short-term production increase expectation in the downstream, some shutdown devices still have no clear start-up time, so the demand for styrene remains weak.

Downstream, styrene downstream overall operating rate is good this week, still maintain considerable production and marketing profits. In the PS market, as of Thursday (August 13), the mainstream ex factory price of PS in East China was 7916.67 yuan / T, which was stable compared with last Friday. The supply of some goods was tight this week, but the price remained stable after the market pull-up was blocked.

In the EPS market, as of Thursday (August 13), the mainstream ex factory price of EPS in East China was 8012.50 yuan / ton, flat compared with last Friday. The supply of EPS in East China market is still tight. Some factories accept orders cautiously, and traders are flexible. The terminal demand is difficult to boost. The transaction is still not ideal and the order is deadlocked.

In the ABS market, as of Thursday (August 13), the mainstream ex factory quotation of ABS Zhejiang was 13400.00 yuan / ton, up 650 yuan / ton or 5.1% from 12750.00 on Friday (August 7). This week, ABS prices continued to rise. The market heard that the demand of Southeast Asia and Europe increased, and the flow of import goods from South Korea and Taiwan changed, and most of them went to Europe and Southeast Asia, resulting in a substantial decrease in import materials, which forced the price of domestic materials to rise. In addition, the demand for export appliances surged in August, and the demand for ABS increased. But this week ABS inventory continues to maintain a low level, on-site supply is tight, so the price rises.

3、 Future prospects

Next week, the total inventory in East China will remain high, domestic supply will remain adequate, and downstream demand will remain rigid. The trend of crude oil, ethylene and pure benzene has a great impact on the trend of styrene. It is expected that styrene will maintain shock finishing next week, and the market needs to pay close attention to the price trend of crude oil.

1、 Price trend

According to the business club’s big list data, the price of pure benzene continued to rise this week, boosted by multiple positive. On August 2, the listed price of pure benzene was 3230-3400 yuan / ton (the average price was 3370 yuan / ton); on this Sunday (August 9), the listed price of pure benzene was 3330-3450 yuan / ton (the average price was 3440 yuan / ton), and the average price was 70 yuan / ton or 2.08% higher than last week.

2、 Analysis and comment

This week, Sinopec raised the price by 100 yuan / ton to 3450 yuan / ton. The bottom support was strengthened and the market was reluctant to sell at low prices. Last week experienced the end of the month to fill the short, the enthusiasm for purchasing was high, this week the market mentality fell, spot trading was light. This week, the port inventory of pure benzene continued to rise, restricting the market to recover, but the pressure of pressure to increase has eased, the situation may be better than July.

On the external side, the price of pure benzene fell this week. On Friday (August 7), South Korea imported 436.33 US dollars / ton of pure benzene, down 13.67 US dollars / ton, or 3.04% compared with July 30; and the price of pure benzene imported from East China was 445 US dollars / ton, unchanged from July 30.

In terms of crude oil, international oil prices rose in the first half of the week and fell in the second half. Compared with July 31, Brent was up $1.375 per barrel, or 3.21%, and WTI was up $0.92 per barrel, or 2.27%. Compared with December 31, 2019, Brent decreased by 33.71%, and WTI decreased by 31.73%.

On the downstream side, styrene inventory has increased recently, and the pressure of de stocking is still large. On August 7, the price of styrene in Shandong was 5366.67 yuan / ton, up 0.63% over last week.

At present, the supply and demand of aniline enterprises are stable, and the price is less affected by pure benzene. On August 7, the price of aniline in Shandong was 4200-4330 yuan / ton, and that in Nanjing was 4300-4500 yuan / ton, which was stable compared with last week.

3、 Future forecast

In terms of crude oil, international tensions and the deadlock in negotiations on the new US stimulus plan hit the crude oil market, and it is expected that there will be a major breakthrough in oil prices next week.

At present, the port inventory of pure benzene is still rising, and there are still 20000-30000 tons of pure benzene waiting to be unloaded, which restricts the market situation of pure benzene. However, Sinopec’s tag price was raised, and the bottom support was stronger. It is expected that the rise of pure benzene will slow down next week and maintain the range fluctuation. In addition, attention should be paid to the impact of the safety self inspection incident on the storage of dangerous chemicals caused by the previous incident in Lebanon port.