According to the data monitored by the business community, the PP market in April fell on the whole, and the spot prices of various brands decreased to a certain extent. As of April 30, the mainstream offer price of T30S (wire drawing) of domestic manufacturers and traders was about 8683.33 yuan / ton, a decrease of 3.34% compared with the average price at the beginning of the month, and a rise of 14.76% compared with the same period last year.

Cause analysis

PP upstream propylene domestic market continued to rise in the first ten days of April, and the price dropped sharply in the last ten days. The overall increase was 1.28%, with a monthly high of 8.49% at 8619 yuan / ton on April 24. In the second half of March, the price of propylene dropped sharply. In early April, the market continued to pick up and the price rose slowly. In the latter half of the year, the domestic market was significantly affected by the decline of propylene in the external market. At present, there is no pressure in propylene market, and some units are still under maintenance. The supply of goods in Shandong is a little tight. Downstream operating rate is fair, the market is more than empty.

April PP raw material propylene market trend amplitude is wide, PP cost side support fluctuation operation. The recent PP market to undertake the industry high load environment, the first quarter of this year, the domestic polypropylene plant overall average operating rate of 93%, located in the historical high area. The competition in the industry is strengthened, and the profit of some PP polymerization enterprises is inverted. In addition, in recent years, China is still in the stage of rapid expansion of polypropylene production capacity. Before the domestic production line was put into production, there was a certain degree of contradiction between supply and demand in PP market in April. The increase of overseas orders had less impact on the market than expected. The high price of goods depressed the purchasing enthusiasm of downstream users. In the latter half of the year, the business operation gradually turned to let the profit go. Business analysts believe that the increase in trading resistance is one of the main reasons for the decline in April.

In terms of fiber materials, according to the data monitored by the business society, as of April 30, the mainstream offer of domestic producers and traders Z30S (fiber) was similar to that of wire drawing materials, with a price of about 8816.67 yuan / ton, a decrease of 4.34% compared with the average price at the beginning of the month, and a rise of 3.73% compared with the same period last year. In April, the fiber PP production scheduling decreased compared with the previous period, and the proportion of recent production scheduling continued to fluctuate. At present, the demand of fiber PP is stable, which is not the same as that of the same period last year. The direct downstream spunbonded non-woven industry competition is strengthened, and the reduction of the profit of the production traders makes the decrease of the fiber material spot is larger than that of the drawing material.

Melt blown materials, melt blown PP market in April down, spot price has been stable in the level of 10000 yuan. As of April 30, the average quotation of pph-y1500 sample enterprises monitored by business society was about 10800 yuan / ton. At present, the domestic epidemic situation is generally stable, the new situation in some areas has no obvious pulling effect on the demand for medical protective equipment, and the saturation situation of domestic epidemic prevention materials is relatively stable. The overseas epidemic situation is still the same, especially the epidemic situation in some Asian Pacific countries is gradually deepening in the near future, which may increase the pressure of epidemic prevention work in neighboring countries and regions in the future. But on the whole, the domestic melt blown fabric manufacturing market has high saturation, strong competition and scattered profits. It is expected that the melt blown PP market will continue to be stable.

Future forecast

PP analysts of business news agency think: in April, domestic PP demand performance was poor, downstream factory profit space was compressed, the bearish attitude in the market was heavy, and the spot market trend fell. At the end of the month, social inventory was low, indicating that supply side pressure was reduced. The upstream propylene price fluctuated in a wide range. The price recovered at the end of April and the beginning of May, and the support for PP cost side was acceptable. But about the end of May, PP production unit involves 750000 tons of production capacity. At the moment of insufficient recovery of terminal demand, the yard is likely to be affected by increased competition pressure in the near future. It is expected that in the short term, PP prices may rise due to upstream support. In the medium and long term, there may be room for decline.

According to the monitoring of the business community, the market price of phthalic anhydride in China rose in April. By the end of the month, the price of phthalic anhydride was 6500 yuan / ton, 6.78% higher than the price of 6087.5 yuan / ton at the beginning of the month, and 38.67% higher than the same period last year. Recently, the price trend of phthalic anhydride rose, the spot supply was normal, and the market price of phthalic anhydride was higher.

In April, the market price of phthalic anhydride rose, and the delivery situation of phthalic anhydride market was general. In the near future, the downstream demand was normal, the price of o-benzene rose, and the plasticizer market rose, which was supported by the favorable situation. The domestic phthalic anhydride manufacturers have little change in operation. The operating rate of phthalic anhydride on the site is about 60%. The domestic phthalic anhydride spot supply is normal. The price of phthalic anhydride on the site has increased. The downstream plasticizer industry market has recovered, and the actual transaction situation is general. The price trend of phthalic anhydride market in East China rose, and the high-end transactions in the market were limited. In East China, the mainstream of negotiation on the supply of neighboring France was 6400-6600 yuan / ton, and the mainstream of negotiation on the supply of naphthalene was 6200-6400 yuan / ton; The mainstream quotation of phthalic anhydride market in North China is 6500-6600 yuan / ton. The wait-and-see mentality of phthalic anhydride market still exists, and the downstream is mainly purchased on demand. Recently, the market trend of downstream DOP is rising. Affected by this, the market price of phthalic anhydride is rising.

Since April, the domestic price of o-benzene has been rising, with the floor price rising to 5900 yuan / ton, or 9.26%. The domestic price rising of o-benzene is a good support for the phthalic anhydride market. In addition, the import price of o-benzene in the port area is rising, and the external quotation of o-benzene is rising. Recently, the inventory of o-benzene in the port area is high, and the external quotation of o-benzene is rising. The actual transaction price is subject to negotiation, The price trend of o-benzene rose sharply, the price of raw material o-benzene rose, which was good for the domestic market price of phthalic anhydride. The market price of phthalic anhydride rose in April.

In April, the market price of phthalic anhydride downstream DOP rose. According to the monitoring of business society, by the end of the month, the domestic DOP price was 12475 yuan / ton, with an increase of 8.01% in April. The equipment of DOP enterprises in the yard started normally. With the price of isooctanol rising sharply, the cost of DOP increased, and the DOP price went up privately. DOP enterprises started normal, the spot supply was sufficient, and the momentum of DOP rising in the future was weakened. In the future, the cost of DOP decreased, the operating rate of enterprises increased, the support of DOP rise weakened, and the high price caused too much pressure on the cost of downstream products. The downstream customers were more resistant to the high price of DOP. The transaction price was based on the real-time price. The overall DOP price was about 12300-12700 yuan / ton. In April, the downstream market improved, and the price of phthalic anhydride market was higher.

In general, the recent trend of crude oil price is relatively strong. In addition, the downstream plasticizer industry continues to rise under great pressure. In addition, the recent trend of o-benzene price is stable. It is expected that the market price of phthalic anhydride will decline slightly in the future.

1、 Price trend

According to the business news agency’s block data list, the average price of domestic hips on April 29 was 12933.33 yuan / ton, up 0.52% from the beginning of the week and 1.89% from the beginning of the month.

2、 Market analysis

Hips market rose first and then fell on the 22nd of this week, mainly affected by the price fluctuation of raw material styrene. At the beginning of the week, styrene continued to rise, with strong cost support, adding part of the PS plant to reduce the burden and output, which helped to boost the price of benzene through and benzene conversion. In the middle of the week, the styrene price callback led to the price loosening of hips, with a small drop. On the 29th, the one-day drop was 0.13%. There was a strong wait-and-see atmosphere in the market, and the trading was flat. By the end of the 29th, the reference price of Ningbo Taihua 8250 was 12900 yuan / ton, up 100 yuan / ton from the beginning of the week, Guangzhou Petrochemical 660 was 13300 yuan / ton, up 100 yuan / ton from the beginning of the week, Zhanjiang Zhongmei 990 was 12600 yuan / ton, flat from the beginning of the week, and the overall market fluctuated little.

product manufactor Brand Price (yuan / ton)

HIPS Ningbo Taihua eight thousand two hundred and fifty twelve thousand and nine hundred

HIPS Guangzhou Petrochemical six hundred and sixty thirteen thousand and three hundred

HIPS Zhanjiang Zhongmei nine hundred and ninety twelve thousand and six hundred

International crude oil market: on April 28, the international oil price rose, and the settlement price of the main contract in the US WTI crude oil futures market was US $63.86/barrel, up US $0.92 or 1.5%. Brent crude oil futures market settlement price of the main contract at 66.78 U.S. dollars / barrel, or 0.91 U.S. dollars or 1.4%, on Wednesday, the U.S. Energy Information Administration (EIA) data showed that the U.S. distillate stocks fell sharply last week, refinery operating rate rose to the highest level in more than a year, boosting the market’s hope for the recovery of fuel demand in the world’s major economies.

On April 28, the reference price of styrene was 9800.00, up 11.79% compared with that on April 1 (8766.67). With the recovery of styrene price, the downstream acceptance of styrene declined, some markets began to resist, the transaction volume decreased, and the terminal demand continued to be weak. Plant restart and new production capacity are expected to suppress styrene rising space.

3、 Future forecast

According to the business community, the rise of raw material styrene was blocked, and the price of hips was lowered, which led to the price loosening of hips. The enthusiasm of downstream stock preparation before the festival was not high, and it still maintained the purchase of just needed goods. Therefore, the demand side support was general. It is expected that hips will be strong in the short term, with a small adjustment.

Trade name: br 9000

Latest price (April 28): 12090 yuan / ton

Key points of analysis: according to the monitoring of business society, the domestic price of cis-1,4-polybutadiene rubber was 12090 yuan / ton on the 28th, down 1.39% compared with the previous day. The factory price of cis-1,4-polybutadiene rubber decreased by 500 yuan / ton this week. According to the monitoring of business agency, as of April 28, the ex factory price of Qilu Shunding of Sinopec North China sales branch was 12000 yuan / ton; On the other hand, in the near future, the downstream purchase tends to Tianjiao, and Shunding’s inquiry is relatively light, and the merchants ship goods at a low price. According to the business news agency, as of April 28, the market offer of cis-1,4-polybutadiene rubber declined slightly. The mainstream offer of cis-1,4-polybutadiene rubber market of private brands such as Qixiang and ChuanHua was 11350-11500 yuan / ton, while the mainstream offer of cis-1,4-polybutadiene rubber market of Qilu and Daqing was 11800-12100 yuan / ton.

Future forecast: the price of natural rubber is relatively low, the impact of cis-1,4-polybutadiene rubber is short, and the demand is weak. It is expected that the price of cis-1,4-polybutadiene rubber will continue to be weak in the future.

According to the data monitored by the business agency, as of April 27, the average quotation price of domestic premium DMF enterprises was 10766.67 yuan / ton. In April, the market price of DMF was like a roller coaster. In the first ten days of April, the price of DMF went up all the way, and the supply was short of demand, with an overall increase of 8.9%. In the second ten days of April, the price was like a slide, and the price went down sharply, Price support was weak, downstream demand was weak, and the overall price fell by 9.1%.

The market trend of DMF in April was ups and downs. In early April, the price of DMF changed from a stable small rise to a continuous big rise. The quoted price of enterprises once reached 12000 yuan / ton, which was difficult to alleviate the situation of short supply. In early April, the increase reached 8.9%, and the focus of negotiation was rising. In late April, the price of DMF began to decline, the price of upstream methanol fell, the cost of DMF lacked support, and the demand was insufficient, In terms of exports, the total export volume in the first quarter was 35200 tons, an increase of 10700 tons or 43.67% compared with 24500 tons in the same period of 2019. Recently, the domestic DMF market is stable, the willingness to prepare goods before the festival is not obvious, the transaction atmosphere is general, the focus of negotiation is weak, and the purchase is just needed,

Manufacturer / Region Specifications Quotation (yuan / ton) date

Hualu Hengsheng DMF ten thousand and seven hundred April 27th

Luxi Chemical DMF ten thousand and eight hundred April 27th

Shanxi coal sun and moon DMF ten thousand and eight hundred April 27th

Anyang Jiutian DMF ten thousand and eight hundred April 27th

Xinghua, Shaanxi DMF eleven thousand April 27th

At present, methanol in the upper reaches is mainly stable. The price rose in early April with a high center of gravity, and rose steadily in late April. According to the latest enterprise trends, the transaction price in Guanzhong area of Shaanxi Province is stable to 2260-2270 yuan / ton. There is no obvious transaction situation in the methanol market in Luzhong area of Shandong Province. The local reference price is 2400 yuan / ton, which is sent to the cash exchange nearby, The negotiation price of methanol market in southern Shandong increased by 40 yuan / ton to 2440-2450 yuan / ton, and the factory raised cash exchange. Linyi received the mainstream of local negotiation price to 2450 yuan / ton and sent it to cash exchange. The offer price of logistics goods is not much, the local supply is tight, and the downstream stock is ready, so the mentality of the industry is supported. Here is the methanol commodity index.

Business agency DMF analysts believe: it is expected that the DMF market will maintain a stable operation in the short term（ For more information on the latest industry chain, welcome to pay attention to official account of business community, obtain commodity information, and grasp commodity price.

Trade name: isooctanol

Latest price (April 26): 13933.33 yuan / ton

On April 26, the ex factory quotation of ISO octanol in Shandong increased by 33.33 yuan / ton, or 0.24%, compared with the quotation on April 23. The upstream propylene market rose slightly, the octanol cost supported well, the downstream DOP market was consolidated at a high level, the downstream purchasing enthusiasm was good, and the octanol supply was normal.

Recently, the ex factory price of ISO octanol in Shandong may rise slightly: the manufacturer’s quotation is about 14000 yuan / ton.

The price of lead market (4.19-4.23) went up this week. The average price of domestic market was 15008.33 yuan / ton at the beginning of the week and 15291.67 yuan / ton at the end of the week, up 1.89%.

The lead commodity index on April 24 was 93.06, unchanged from yesterday, down 30.56% from 134.01 (2016-11-29), the highest point in the cycle, and up 24.70% from 74.63, the lowest point on March 19, 2015（ Note: period refers to the period from September 1, 2011 to now).

This week, Lun lead mainly fluctuated in a wide range, with the main range of US $2000-2070 / T. In the first half of the week, affected by the fall of the US dollar index, non-ferrous metals collectively rose, while lunlead rose to the highest point in nearly a month. In the second half of the week, with the information of public health incidents in India exposed, the non-ferrous metal industry declined significantly, and the lead industry fell by more than 1%. In terms of Shanghai lead, this week, the main force changed to the 2016 contract, the overall trend was good, and the domestic macro data gave strong support to the metal market. This week, Shanghai lead fluctuated at 14900-15500 yuan / ton.

This week, the trend of spot lead market is close to the trend of Shanghai lead. With the downstream battery factory picking up, the social inventory of primary lead has declined, which has a certain support for the lead price. In addition, the original lead manufacturers have a maintenance plan at the end of the month, the supply of original lead is expected to decrease in the future, and the market is expected to improve. However, although there is downstream demand, the demand has not been increased, and the support for lead price is limited.

According to the price monitoring of the business community, in the list of commodity prices in the 16th week of 2021 (4.19-4.23), there were 9 kinds of commodities in the nonferrous metal sector that rose on a month on month basis, including 1 kind of commodity that rose by more than 5%, accounting for 4.5% of the number of commodities monitored in the sector; The top three commodities were magnesium (5.74%), silver (2.06%) and lead (1.89%). There were 12 kinds of commodities that declined month on month, and 2 kinds of commodities with a decline of more than 5%, accounting for 9.1% of the number of commodities monitored in the sector; The top three products were metal neodymium (- 5.94%), antimony (- 5.54%) and neodymium oxide (- 3.46%). This week’s average rise or fall was – 0.81%. Overall, the decline was more than the rise.

According to the forecast of the business community, some manufacturers have certain intention to prepare goods near the 51 holiday, but the downstream is in the off-season as a whole, and the purchasing volume is still unable to be released, so the support is limited. It is expected that the price of primary lead will be stable and slightly higher.

According to the data monitoring of the business community, the dichloromethane market was weak and fell this week (4.19-4.23). As of April 23, the average price of dichloromethane in Shandong was about 3460 yuan / ton, down 3.89% from 3600 yuan / ton at the beginning of the month.

This week, the methane chloride plant in Shandong Province was slightly improved. According to the business news agency, Jinling Dongying unit has completed full load operation after maintenance, Dongyue methane chloride unit has completed normal operation after maintenance, Jinmao methane chloride unit is under shutdown, and about 90% of the units in Luxi are under construction.

This week, the demand of dichloromethane downstream is weak, the increase of business stock is not obvious, the overall inquiry is slightly weak, the support for dichloromethane is weak, and the ex factory price of methane chloride manufacturers is moderately reduced.

Although the price of methanol rose slightly, the price of liquid chlorine fell sharply, and the cost was mainly negative. According to the business news agency, as of April 23, the price of methanol was 2510 yuan / ton, up 2.87% from 2440 yuan / ton at the beginning of the week; As of April 23, the mainstream ex factory price of liquid chlorine for tank cars in Shandong Province was about 1400 yuan / ton, down 26.3% from 1900 yuan / ton at the beginning of the week.

Business community methane chloride data analysts believe that at present, the domestic dichloromethane market cost side is bad, coupled with the downstream demand side is also short, overall, the market price will continue to be weak.

According to the data monitoring of business news agency, the average price of domestic EVA market was 19900.00 yuan / ton on April 21 and 19900.00 yuan / ton on April 20, which was the same as yesterday’s price and increased by 2.58% compared with March 30.

As of April 21, EVA ex factory quotation is as follows:

product manufactor model Ex factory price

EVA yanshan petrochemical 18J3 20000 yuan / ton

EVA Beijing Organic Y2022 21500 yuan / ton

EVA Beijing Organic Y2045 21500 yuan / ton

EVA BASF Yangzi V5110J 19900 yuan / ton

On the 21st, most of the domestic EVA ex factory quotations were stable, and the focus of individual businesses fell slightly. Due to the conflict between the downstream and the high price, the purchasing mentality is negative, multi-dimensional takes the goods according to the demand, and the small order is the main. The market transaction atmosphere is relatively flat, and the firm offer transaction is mostly negotiation.

International crude oil market: on April 21, international oil prices continued to fall. The settlement price of the main contract in the US WTI crude oil futures market was US $61.35/barrel, down by US $1.32 or 2.1%. The settlement price of the main contract in Brent crude oil futures market was at US $65.32/barrel, down US $1.25 or 1.9%. The market was worried that the surge of new crown infection in India would hurt energy demand, and the US Energy Information Administration (EIA) report on Wednesday showed that US crude oil stocks rose unexpectedly last week.

Upstream acetic acid Market: on April 21, the domestic acetic acid market was running at a high level, the market supply continued to be tight, the downstream demand was strong, the manufacturer’s inventory was limited, the short-term supply side gap was difficult to make up, and the acetic acid market was strong. At present, the delivery price around enterprises in Shandong is about 7200-7300 yuan / ton, up by 100-120 yuan / ton; The price of Jiangsu Province is about 7200-7500 yuan / ton; The quotation in Zhejiang is about 7300-7500 yuan / ton, and the transaction price is subject to negotiation.

On the whole, although the enthusiasm of downstream market entry is limited, due to the firm cost and price of upstream, the manufacturer does not give much profit. It is expected that the domestic EVA market price will remain stable in the short term.

According to the data monitored by the business community, as of April 21, the average price of domestic general transparent and premium PMMA products was 16700.00 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.

The consumption structure of PMMA in the world is mainly divided into PMMA sheet and PMMA molding compound, of which the share of sheet is about 52% and that of molding compound is 48%. The demand of PMMA consumption in Asia is the fastest growing. The demand of PMMA products in China is increasing, and it is widely used in manufacturing industry. The consumption market of PMMA is huge.

Rubber and plastic index: on April 20, the rubber and plastic index was 797 points, down 1 point from yesterday, down 24.81% from 1060 points (2012-03-14), the highest point in the cycle, and up 50.95% 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. (to get more information about goods and to grasp the price of commodities, welcome to subscribe to the business community through the official account of the business community, the market is the opportunity).