1、 Price trend

According to the monitoring of the commodity market analysis system of the Business Society, the price center of the Yungui yellow phosphorus market this week is upward. Last Thursday, the average price of yellow phosphorus was 24100 yuan/ton, and this Thursday’s average price was 24400 yuan/ton. During the week, the price increased by 1.24%.

2、 Market analysis

This week, the price center of Yungui yellow phosphorus market is upward. At present, the overall market trading situation of yellow phosphorus is relatively active, with tight spot prices in the yellow phosphorus market. Manufacturers mainly place early orders, mainly at high prices, and there is not much inventory on the market. The focus of new order transaction prices is upward, and market confidence is good. Some manufacturers do not provide external quotations. As of now, the market quotation is around 24300-24500 yuan/ton, and the actual transaction is negotiated separately.

In terms of phosphate ore, the domestic phosphate ore market has temporarily stabilized this week. The reference average price of 30% grade phosphate ore in China is around 856 yuan/ton. At present, the overall phosphorus ore market has been operating at a weak and low level for a period of time. The industry in the phosphorus ore field is highly optimistic about rising prices. Although the terminal demand is average, the recovery of the downstream yellow phosphorus and phosphoric acid market still gives confidence to the industry. Therefore, the risk of a sustained downward trend in the phosphorus ore market is relatively small. The phosphorus ore data analyst from the Business Society believes that in the short term, the domestic phosphorus ore market will mostly remain stable and consolidate, The specific trend still needs to pay more attention to the changes in news on the supply and demand side.

In terms of coke, the market price of coke in Shandong Port is temporarily stable, with a quasi first level ex-warehouse price of around 2050-2100 yuan/ton and a first level ex-warehouse price of 2150-2200 yuan/ton. The port market is currently operating steadily, with little change in inventory between the two ports, weak intention of traders to gather at the port, and slightly cold trading at the port. In terms of freight, 195 yuan/ton from Xiaoyi to Rizhao Port on the 16th, and 185 yuan/ton from Jiexiu to Rizhao Port.

In terms of phosphoric acid, the market price of phosphoric acid has slightly decreased this week. Last Thursday, the average price of phosphoric acid was 6660 yuan/ton, while this Thursday’s average price was 6640 yuan/ton. During the week, the price decreased by 0.3%. This week, the price range of phosphoric acid in the phosphoric acid market fluctuated internally, with a slight decrease. The market’s demand side performance was flat, and there was a strong wait-and-see sentiment. It is expected that the phosphoric acid market price will continue to operate in a narrow range in the short term.

3、 Future Market Forecast

Yellow phosphorus analysts from the Chemical Branch of the Business Society believe that upstream phosphate rock prices are temporarily stable, coke prices are stable, and cost support is still acceptable. In the downstream glyphosate market, there are certain favorable factors for the demand for yellow phosphorus due to early stocking. In addition, the current shortage of spot goods in the yellow phosphorus market and acceptable order taking situation make it difficult to find low-priced sources due to manufacturers’ high prices. It is expected that in the short term, yellow phosphorus will mainly operate with a strong trend, and we will pay attention to changes in the news surface.

According to the Commodity Market Analysis System of the Business Society, as of August 15th, the average price quoted by epichlorohydrin enterprises was 8275.00 yuan/ton, an increase of 1.22% compared to last Friday (August 11th).

Recently, the epichlorohydrin market has seen a slight increase. Recently, the price of raw material propylene has fluctuated and increased, with stable prices of raw material glycerol as the main factor. Cost support has been strengthened, and the supply side industry’s capacity utilization rate is below 50%. The overall supply in the market is relatively low, supporting the rise of enterprise quotations. Downstream inquiries and procurement orders are mainly in need of follow-up, and the market has a strong wait-and-see mentality.

Upstream propylene, according to the Commodity Market Analysis System of Business Society, the reference price for propylene on August 14th was 6788.25, an increase of 1.12% compared to August 1st (6713.25).

Downstream epoxy resin, on August 14th, the reference price for epoxy resin was 14566.67, an increase of 2.58% compared to August 1st (14200.00).

Analysts from Business Society’s epichlorohydrin believe that there is still cost support and there is currently no pressure on manufacturers’ inventory. However, downstream follow-up is average, and it is expected that the epichlorohydrin market may operate at a high level in the short term. More attention still needs to be paid to market news guidance.

According to the analysis system of the commodity market of the Business Society, starting from August, supply is tightening, terminal demand is increasing, and the hydrogen peroxide market is constantly rising. On August 1st, the average market price of hydrogen peroxide was 1200 yuan/ton. On August 14th, the average market price of hydrogen peroxide was 1350 yuan/ton, with a price increase of 12.5%.

Lido supports the continuous upward trend of hydrogen peroxide market

Since August, some hydrogen peroxide manufacturers have not yet started up, and the supply is still tight. In addition, the market for caprolactam at the hydrogen peroxide terminal has risen, leading to an increase in orders for hydrogen peroxide. Supported by multiple positive factors, the hydrogen peroxide market has continued to soar. On August 7th, the daily increase exceeded 8%. As of August 7th, the prices quoted by hydrogen peroxide manufacturers have increased, with mainstream prices ranging from 1300 to 1400 yuan/ton, an increase of around 100 yuan/ton.

In the middle of the year, the supply side remained tight, and the hydrogen peroxide market once again saw a surge.

Li Bing, a chemical analyst at Business Society, believes that with positive support and improved terminal demand, the hydrogen peroxide market will continue to operate at a high level in the future.

According to the Commodity Market Analysis System of Business Society, from August 4 to August 11, 2022, the ex factory price of hydrogenated benzene in North China increased significantly, from 7783.33 yuan/ton last week to 7900 yuan/ton this week, an increase of 1.5%.

In terms of crude oil: During this cycle, the crude oil market rose first and then fell, with an overall upward trend. On August 10th, international crude oil futures closed lower. The settlement price of the main contract for WTI crude oil futures in the United States was $82.82 per barrel, a decrease of $1.58 or 1.9%. The settlement price of the main contract for Brent crude oil futures was $86.40 per barrel, a decrease of $1.15 or 1.3%. The weak economic data in the United States, coupled with the uncertain outlook for Chinese demand, has put pressure on the oil market and led to a downward trend.

The factory price of Sinopec pure benzene has increased by a total of 150 yuan/ton during this cycle, with a current implementation of 7750 yuan/ton.

Other companies: Jingbo Petrochemical quoted 7800 yuan/ton, HSBC Petrochemical quoted 7750 yuan/ton, Weilian Chemical quoted 8003 yuan/ton, Xinhai Petrochemical quoted 7800 yuan/ton, and Hongrun Petrochemical quoted 7750 yuan/ton.

According to the Commodity Market Analysis System of Business Society, the price of pure benzene has slightly increased this week. On August 7th, the price of pure benzene was 7675 yuan/ton, and on Friday (August 11th), the price of pure benzene was 7800 yuan/ton, an increase of 1.66% compared to last week and a decrease of 4.38% compared to the same period last year.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. The weekly K-bar chart of pure benzene shows that the pure benzene market has seen a positive trend in recent times. After ten consecutive weeks of decline, it has continued to rise for six consecutive weeks.

From the perspective of the industrial chain, crude oil continued to show a strong trend this week. The pure benzene market was affected by the tight inventory in East China, and prices continued to rise during the week. Sinopec has raised the ex factory price of pure benzene to 7750 yuan/ton. Driven by the pure benzene market, the hydrogenation benzene market continued to rise this week, but the increase was relatively small.

Driven by the pure benzene market, the hydrogenation benzene market continued to rise this week. Currently, the factory price in Hebei region has risen to 7850-7900 yuan/ton, an increase of 50-150 yuan/ton. The market price in East China has risen to 8000 yuan/ton. On the supply side, due to tight profits, the operating rate of hydrogenation benzene enterprises has slightly declined this week, and currently, on-site supply is relatively normal. There has been little change in demand. In terms of raw materials, the auction price of crude benzene has risen again this week, and the profitability of hydrogenation benzene enterprises remains poor, resulting in significant cost pressure for enterprises. In the future, there has been no significant change in supply and demand, and the trend of hydrogenated benzene will still follow the fluctuations of the pure benzene market. At present, the price of pure benzene is fluctuating at a high level, and there is a resistance mentality in the downstream. However, the overall supply of pure benzene is tight, which has a certain boost to the market. It is expected that the market for pure benzene and hydrogenated benzene will experience high volatility in the short term.

The price of plasticizer DOP fluctuated and increased this week

According to the Commodity Market Analysis System of the Business Society, as of August 8th, the price of DOP was 11191.67 yuan/ton, an increase of 7.87% compared to the price of 10375 yuan/ton on July 30th. The price of isooctanol has skyrocketed, the price of phthalic anhydride has fluctuated and increased, the cost of plasticizer DOP raw materials has increased, downstream demand has stabilized, and the operating rate of plasticizers has decreased to around 50%. The supply of plasticizers is insufficient, and the support for plasticizer increase has increased. The price of plasticizer DOP has fluctuated and increased.

The price of isooctanol skyrocketed this week

According to the Commodity Market Analysis System of the Business Society, the price of isooctanol on August 8th was 11033.33 yuan/ton, an increase of 11.45% compared to the price of 9900 yuan/ton on July 30th. The planned and unexpected fluctuations in domestic octanol units have led to continuous tightening of the supply side, resulting in continuous increases in octanol prices. The inventory of isooctanol is low, and the market center has shifted upwards. This week, the price of isooctanol has skyrocketed, and the cost of plasticizer DOP raw materials has increased. As the price of isooctanol has risen to a high level, buying sentiment has become cautious. In mid to late August, two sets of isooctanol units in Shandong and Jiangsu are planned to restart, and the supply side of the isooctanol market is expected to be loose. However, there is insufficient support for the rise of isooctanol in the future.

The market of raw material phthalic anhydride fluctuates and rises

According to the market analysis system for phthalic anhydride products of the Business Society, as of August 8th, the quotation for neighboring phthalic anhydride was 8750 yuan/ton, an increase of 3.40% compared to the price of 8462.50 yuan/ton on July 30th. The operation of domestic phthalic anhydride plants is stable, and the operating rate of domestic phthalic anhydride is maintained at over 60%. The supply of phthalic anhydride goods is normal. Recently, there has been an increase in export orders for phthalic anhydride, and the supply of goods has been slightly tight. In addition, the price of naphthalene phthalic anhydride has risen, leading to a significant increase in the price of ortho benzene and ortho phthalic anhydride. The transaction situation of phthalic anhydride is good, and the market situation is rising. The cost of raw materials has increased, and the driving force for the cost increase of plasticizers has increased.

Future expectations

Business Society plasticizer product data analysts believe that the resumption of production of isooctanol, the insufficient support for the surge in isooctanol prices, the fluctuating rise in phthalic anhydride prices, and limited support for the increase in DOP cost of plasticizer products; The downstream PVC procurement enthusiasm is average, and the demand for plasticizers is weak; The low operating rate of plasticizer enterprises is stabilizing, and the supply of plasticizers is temporarily stable. In the future, the support for cost increases is insufficient, the supply of plasticizers is temporarily stable, while demand is weak. The support for the rise of plasticizer DOP is insufficient, and it is expected that the price of plasticizer DOP will fluctuate and consolidate.

Zinc prices fluctuate and rise this week

According to the Commodity Market Analysis System of the Business Society, as of August 7th, the zinc price was 20962 yuan/ton, an increase of 2.04% compared to the fluctuating zinc price of 20542 yuan/ton on July 30th. The maintenance of zinc smelting enterprises has increased, the processing cost of zinc concentrate has increased, and the metal zinc market is positive. This week, zinc prices have fluctuated and increased.

Weakened Supply Expectation Meets Less Than Expected Demand

This week, the domestic zinc concentrate processing fee has slightly increased, with Shaoguan region increasing by 100 yuan/metal ton to 5350 yuan/metal ton, Chenzhou region increasing by 100 yuan/metal ton to 5300 yuan/metal ton, Zhuzhou increasing by 300 yuan/metal ton to 5600 yuan/metal ton, Hechi region increasing by 300 yuan/metal ton to 5300 yuan/metal ton, and Kunming increasing by 100 yuan/metal ton to 5200 yuan/metal ton. In July 2023, China’s refined zinc production was 551100 tons, a decrease of 14000 tons or 0.26% compared to the previous month, a year-on-year increase of 15.79%, slightly exceeding the expected value. It is expected that the domestic refined zinc production will increase by 16000 tons month on month to 552700 tons in August 2023, a year-on-year increase of 19.43%. The maintenance of zinc smelting enterprises has increased, and the expected growth of refined zinc supply has weakened.

Affected by the rainstorm in the north, the construction of infrastructure and other related projects has been postponed, the orders of galvanized enterprises are weak, and the operating rate of enterprises is lower month on month. Die-casting enterprises are operating at a low level, while zinc oxide enterprises are also slightly lower in terms of production compared to the previous month. The production of galvanized steel plates in large domestic steel mills has increased month on month. Overall, domestic demand is relatively stable. However, due to the impact of rainstorm weather, the demand of zinc city is less than expected.

Future Market Forecast

According to data analysts from Business Society, there has been an increase in maintenance for zinc smelting enterprises, an increase in zinc concentrate processing fees, an expected decline in refined zinc production, and a weakening of zinc market supply; In terms of demand, due to the impact of typhoon weather, the demand growth in the zinc market is not as expected. In the future, both supply and demand in the zinc market have shown varying growth, but the growth has not been as expected. Zinc prices have fluctuated and risen, but their sustained support is limited. It is expected that zinc prices will fluctuate and consolidate at high levels in the future.

1、 Price trend

According to the Commodity Analysis System of the Business Society, the price of caustic soda has stabilized this week. At the beginning of the week, the average market price in Shandong was 737.4 yuan/ton, and on the weekend, the average market price in Shandong was 742 yuan/ton, with a price increase of 0.62% and a decrease of 31.3% compared to the same period last year. On August 3rd, the chlor alkali index was 981 points, an increase of 2 points compared to yesterday, a decrease of 53.90% from the cycle’s highest point of 2128 points (2021-10-24), and an increase of 37.78% from the lowest point of 712 points on January 5th, 2016. (Note: The cycle refers to the period from December 1st, 2011 to the present)

2、 Market analysis

According to the Commodity Analysis System of Business Society, the overall price of domestic caustic soda has stabilized and operated this week. The current average market price in Shandong region is around 690-750 yuan/ton. The mainstream factory quotation for 32% liquid alkali in Hebei region is around 690-900 yuan/ton. The overall price of caustic soda has not changed much this week, and the overall supply of manufacturers has not changed much. In terms of downstream alumina, the main downstream suppliers have lowered their procurement prices, resulting in average short-term demand and more on-demand procurement. The supply and demand game maintains a weak operating market for caustic soda prices.

According to the price monitoring of the Business Society, in the 30th week of 2023 (7.24-7.28), there were a total of 3 products that rose, 3 products that fell, and 1 product that rose or fell to 0 on the chlor alkali industry price list. The main commodities that have increased include: light soda ash (2.00%), PVC (1.99%), and flake soda ash (1.17%); The main commodities falling include hydrochloric acid (-5.45%), baking soda (-0.39%), and caustic soda (-0.35%). This week’s average increase or decrease was -0.15%.

Analysts from Business Society believe that in the near future, the price of caustic soda has remained stable with minor fluctuations, and there is currently no positive support from the supply side. Downstream alumina still purchases more on demand in the near future. The mentality of the industry is average, and the supply and demand game is expected to consolidate the operating market in the later stage, depending on the downstream market demand.

Price trend

According to the bulk list data of Business Society, the domestic PC market fluctuated and rose in July, with overall spot prices of various brands increasing. As of August 1st, the reference quotation for the PC sample enterprises of the Business Society was around 15616.67 yuan/ton, a decrease of+4.69% compared to early July.

Cause analysis

In terms of raw materials: From the above figure, it can be seen that the market for bisphenol A increased last month. In July, the broad upward trend of raw materials drove the downstream bisphenol A market to continue to rise, with strong cost support and a rise in the main downstream products. The spot quantity of bisphenol A has decreased, and manufacturers are currently under no production and sales pressure. It is recommended to pay attention to the recent transaction situation, and it is expected that the high level of bisphenol A will be adjusted in the near future.

In terms of supply: Last month, the overall operating rate of domestic PC gradually increased, from 60% at the beginning of the month to nearly 80%, and the industry load exceeded a three-year high to reach 78%. Due to the delivery of preliminary orders by the polymerization plant at the end of the month, the inventory pressure is still acceptable. However, as a result, the on-site supply of goods is relatively abundant, and the factory price of enterprises is cautious, which weakens their impact on spot prices.

In terms of demand: Last month, PC downstream customers just needed to maintain production, and the business owners had a heavy wait-and-see mentality. Auction prices fluctuate and operate. At present, the starting position of terminal enterprises is maintained, and the actual stock situation is in the off-season market. Some prices have been inverted on the market, and the main trading force is biased towards midstream traders.

Future Market Forecast

The PC market fluctuated and rose in July. The upstream market for bisphenol A is strengthening, and the support for PC costs is still acceptable. The load of domestic polymerization plants is gradually increasing to a three-year high, and the market has abundant spot supply. Traders have a poor mentality and tend to lower prices while placing orders. Downstream enterprises have insufficient follow-up on consumption, and it is expected that the PC market may fall back into a supply-demand contradiction in the short term, leading to weak consolidation.

1、 Price trend

According to the Commodity Market Analysis System of the Business Society, as of July 31, the average price of refrigerant R22 was 21266.67 yuan/ton, an increase of 4.08% from the beginning of the month’s price of 20433.33 yuan/ton and a 25.10% increase from the same period last year

According to the Commodity Market Analysis System of Business Society, as of July 31, the average price of refrigerant R134a was 24766.67 yuan/ton, a slight decrease of 0.67% compared to the beginning of the month price of 24933.33 yuan/ton, and an increase of 10.07% compared to the same period last year.

2、 Market analysis

In July, due to the continuous weakness of upstream raw material prices, the overall market price of refrigerant R22 was stable and weak. As of July 31, the domestic price of chloroform rose 1.85% in the month, and the price of hydrofluoric acid fell 0.94% in the month. With the slight recovery of the price of upstream raw material chloroform, and the manufacturer’s downtime for maintenance, the overall domestic inventory of R22 was low, the downstream demand of R22 was not reduced in summer, and the quota was still not implemented, In the latter half of the year, some R22 enterprises raised their factory prices, driving a slight rebound in the domestic R22 market prices.

As of July 31, the domestic Trichloroethylene price continued to operate at a low level, the hydrofluoric acid price continued to be weak, falling 0.94% in the month, and the raw material cost continued to be low. Supported by the overall low inventory of enterprises and the rising demand for refrigerants from downstream automobile enterprises, some enterprises slightly raised the R134a ex factory price at the end of the month, driving the domestic R134a market price to rise slightly.

In terms of raw materials, the domestic hydrofluoric acid prices continue to be weak, and the continued weakness of raw material prices will have a certain degree of pressure on the domestic refrigerant market prices in the future.

3、 Future Market Forecast

According to refrigerant analysts from Business Society, supported by factors such as low inventory levels, rising costs, and unchanged downstream demand, it is expected that the domestic R22 market price will continue to operate steadily in August. The raw material cost continues to operate at a low level, and downstream demand is less than expected. In August, the overall price of R134a in the domestic market continued to rise with insufficient momentum.

In July, the dichloromethane market rose first and then fell, and it rose slightly at the end of the month compared with the beginning of the month. According to the commodity market analysis system of the business community, as of July 29, the price of dichloromethane bulk water in Shandong was 2425 yuan/ton, up 3.63% from 2340 yuan/ton at the beginning of the month, and down 6.46% from the monthly high of 2592 yuan/ton. The price of methanol as raw material fluctuated higher, and the cost of dichloromethane became stronger; The pressure on the low to high supply surface continues before the start of the methane chloride plant; The price of downstream refrigerant R 32 is mainly small orders for dichloromethane procurement, with limited demand support; The dichloromethane market rose first and then fell.

In July, the methane chloride unit slightly decreased in the early stage of operation, and slightly increased after some units were restarted in the later stage. In the later stage, the supply pressure of the new Jiuhong unit is expected to increase again.

In July, the price of raw methanol rose in shock, and the cost of dichloromethane strengthened. According to the Commodity Market Analysis System of Business Society, as of July 29th, the spot price of methanol was 2281 yuan/ton, an increase of 4.66% from 2180 yuan/ton at the beginning of the month; The low point of the cycle is 2137 yuan/ton, and the high point is 2314 yuan/ton.

The downstream receives orders on demand, and the overall commencement is stable. The downstream refrigerant R 32 market is slightly higher, and the commencement is stable. The demand for dichloromethane is mainly supported by a small amount of rigid demand, which is slightly weaker than that at the beginning of the month. The inventory of dichloromethane manufacturers was slightly accumulated.

Future forecast: Analysts from the methane chloride data of the business community believe that the pressure on the supply side of dichloromethane is expected to increase, coupled with limited demand support, and the supply side of dichloromethane is weak, but the cost side may continue to rise. Overall, it is expected that the dichloromethane market will narrow in the short term.