According to the price monitoring of the business society, the domestic spandex market price has been fluctuating upward in the past week. As of January 28, the average ex factory price of domestic spandex was 46300 yuan / ton, up 6.44% from January 21 and 45.14% year on year. The start-up of the industry is around 90%, the supply of manufacturers is still tight, the terminal market is gradually on holiday, the market is tight and the price is high, so we should wait and see carefully.

Current mainstream price statistics of spandex market (unit: yuan / ton)

20D 30D 40D

Zhejiang: 51000-54000-50000-52000-42000-45000

Shandong Province: 52000-55000 50000-5300 42000-46500

Fujian Province 52000-55000 50000-53000 42000-46500

Jiangsu 51000-54000-50000-52000-41000-44000

In recent years, the price of PTMEG in the raw material market has been running upward, the support of cost has been strengthened, the inventory of PTMEG factory has no pressure, the orders are received smoothly, and the price intention is strong. In terms of price, the mainstream quotation of 1800 molecular weight source is 19500-20500 yuan / ton, and the actual order negotiation is 19500-20000 yuan / ton. The start-up of the industry is maintained at around 80%. Specifically, among the 40000 ton plants in Yizheng Dalian, the 60000 ton plant in Panjin Changchun is not in high operation load, and the 46000 ton plant in Chongqing Chiyuan chemical is about 70%.

Pure MDI market wait-and-see arrangement is the main, and the stock preparation is basically completed near the holiday downstream. Most of the goods holders have cleared their positions and held the goods. Sporadic offers are stable, and the trading atmosphere is weak. Refer to 22500-23500 yuan / T T telegraphic transfer in barrels, and the actual order negotiation shall prevail. In January 2021, the listing price of pure MDI barrels of Wanhua chemical was 24000 yuan / ton, which was 4000 yuan / ton lower than that in December 2020. In December 2020, the settlement price was 23500 yuan / ton, down 4000 yuan / ton month on month.

The terminal textile factory gradually finished the finishing of the holiday, and had a cautious wait-and-see attitude towards the raw materials. The market trading atmosphere was flat, and part of the early orders had not yet been handed over. Jiangsu and Zhejiang looms have now dropped to about 60%, with 30-40% of the round looms and 40-60% of the warp knitting looms in operation, which are running light. In the traditional textile market, there is still a drop in the spot subscription of the north and South merchants in winter, and the order undertaking is relatively limited, and the overall market turnover is lower than that in the earlier period.

Business analysts believe that at present, the price of spandex market is strong, the support of upstream cost side is increasing, the supply tension of spandex factory has not been eased, and the holiday atmosphere in the terminal market is relatively strong. All parties hold a market-oriented attitude, and it is expected that the short-term spandex market will fluctuate and adjust at a high level.

Trade name: ammonium sulfate

Latest price on January 27: 616.67 yuan / ton

Analysis points on January 27, the overall trend of domestic ammonium sulfate was stable and rising. At present, export orders are performing well, and domestic downstream manufacturers are in a more positive mood in winter storage than in the earlier period, and they are hoarding goods in an appropriate amount before the year. The market of coking grade ammonium sulfate is stable and rising, and the price of domestic grade ammonium sulfate is firm without fluctuation. On the whole, there are more downstream market searches, and the market is in a good mood with an appropriate amount of stock prepared before the year. The mainstream price of powdery ammonium sulfate in Hebei is about 600 yuan / ton, that in Shandong is about 550 yuan / ton, and that in Hunan is about 700 yuan / ton. Ammonium sulfate analysts of business news agency believe that, on the whole, there are more downstream market seekers, and the market mentality is good with an appropriate amount of replenishment a year ago. It is expected that the price of ammonium sulfate will rise steadily in the short term.

Recent domestic cyclohexanone market high consolidation. According to the monitoring data of business news agency, as of January 25, the average price of domestic cyclohexanone market was 7033 yuan / ton, with a month on month increase of 0.72% and a year-on-year decrease of 4.74%. Pure benzene runs horizontally, the cost support is relatively stable, the downstream just needs to purchase mainly, the logistics transportation rises, the market is stable, the mainstream price is 7600-7700 yuan / ton, and the cash is delivered. The atmosphere of pure benzene negotiation in East China was general, and the focus was stable.

Region, price

East China: 7600-7700 yuan / ton, cash delivery

South China: 7750-7850 yuan / ton, cash delivery of vehicle

Shandong area: 7400-7500 yuan / ton, the whole vehicle is delivered in cash

The pure benzene market is in a horizontal consolidation, the cost support of cyclohexanone is stable, the logistics transportation is limited, the downstream chemical fiber just needs to be purchased, and the transaction atmosphere is general. The cyclohexanone analysts of the business community expect that the market of cyclohexanone will be stable in the short term.

The international crude oil price was blocked, the weather turned cold, the asphalt demand of terminal road engineering remained low, the overall performance of domestic asphalt market was stable, and the asphalt price was stable. According to the price monitoring data of the business association, the asphalt price on January 22 was 2535 yuan / ton, up 0.40% from the beginning of the week.

Recently, many media or countries have raised the international oil price forecast for 2021, but the IEA lowered the crude oil demand forecast for 2021. The EIA crude oil inventory increased by 4.351 million barrels, which hindered the rising trend of international oil price this week. WTI crude oil price fell by 0.29% and Brent crude oil price rose by 0.56%.

Affected by low temperature weather, domestic asphalt market demand remains low. The demand for asphalt in the southern region is basically stable, but the demand for asphalt will further decline as the Spring Festival holiday approaches; the demand for roads in the northern region is basically over, and some refineries switch to coking and waterproof asphalt, and there is no large-scale demand for winter storage. On the whole, the domestic asphalt market entered the off-season demand, and the domestic asphalt price remained stable.

Analysts from business news agency believe that the upward trend of international crude oil price is blocked, and the domestic asphalt demand enters the off-season, so the domestic asphalt price is expected to be stable.

According to statistics, the domestic p-xylene ex factory price rose this week, with an average price of 5200 yuan / ton at the weekend, 10.64% higher than the price of 4700 yuan / ton at the beginning of the week, and 24.64% lower than the same period last year.

The price trend of domestic p-xylene market is rising, and the domestic PX operation rate is about 60%. The operation of Hongrun 600000 tons new unit is stable, Huizhou refining and chemical unit is stable, Fuhai Chuang unit starts one line, Pengzhou petrochemical unit is stable, Yangzi Petrochemical PX unit is normal, Jinling Petrochemical unit is stable, Qingdao Lidong unit is full load, Qilu petrochemical unit is stable The start-up of Urumqi petrochemical plant is about 50%, Hengli petrochemical plant is running normally, the supply of domestic p-xylene is normal, and the price trend of domestic p-xylene market is temporarily stable. This week, the operating rate of PX plant in Asia was about 70%, and the supply of PX in Asia was normal. The trend of PX external price was mainly volatile this week. By the end of the week, the closing prices of PX market in Asia were US $671-673 / T FOB South Korea and us $689-691 / T CFR China. This week, the trend of PX external price remained high. About 40% of domestic products needed to be imported, and PX external price closed The rising price has a positive impact on the domestic market, and the price trend of domestic PX market is rising.

The price of WTI crude oil futures market in the United States rose slightly this week. As of the 21st, the settlement price of the main contract of WTI crude oil futures market in the United States was at US $53.13/barrel, and the settlement price of the main contract of Brent crude oil futures market was at US $56.10/barrel. The oil price continued to rise, mainly because the market was still concerned about Saudi Arabia’s commitment to reduce production, the tense relations between the United States and Iraq, and the strong stock market The rising trend of crude oil price is a good support for domestic petrochemical products, and the domestic market price of p-xylene is higher.

This week, the price trend of PTA Market in the lower reaches fell slightly. By the end of the week, the PTA Market in East China had been negotiated for 3800-3900 yuan, and the recent PTA downstream orders were acceptable. PTA enterprises had good production enthusiasm, and there was no large-scale maintenance phenomenon. As of January 22, the starting load of domestic PTA production enterprises was 84%, which was at the normal level. At present, the periodic contradiction between supply and demand of PTA is not sharp, and crude oil still brings some support to the market. PTA price is expected to continue the strong oscillation situation, so the price trend of upstream PX is mainly rising.

In general, the demand of the textile industry has not improved significantly, the order performance is relatively normal, the terminal demand is general, and the upstream PX is mainly purchased on demand, and the price trend of PX market is rising.

Chen Ling, PX analyst of business news agency, believes that the recent trend of crude oil price remains at a high level. In addition, the downstream industry market is fair, and the domestic PX market supply is normal. It is expected that the PX market price will remain at a high level next week.

1、 Price trend

According to the data of business club’s block list, pure benzene showed a trend of first rising and then falling this week. On January 10, the price of pure benzene was 4170-4550 yuan / ton (average price was 4424 yuan / ton); on this Sunday (January 17), the price of pure benzene was 4230-4650 yuan / ton (average price was 4506 yuan / ton), up 82 yuan / ton or 1.85% from last week.

2、 Analysis and comment

At the beginning of this week, the price of pure benzene continued to rise, supported by the rise of crude oil. Later, with the decline of crude oil and the decline of external market, the domestic market mentality turned cautious, and the prices of individual factories decreased at the weekend. This week, Sinopec’s price of pure benzene was increased by 100 yuan / ton to 4650 yuan / ton, and the price in parts of North China was increased to 4500 yuan / ton. On Monday, the total inventory of pure benzene in East China port was about 2000 tons higher than last week.

In terms of external market, the external market continued to be weak this week. On Friday (January 15), South Korea imported 649.33 US dollars / ton of pure benzene, down 15.34 US dollars / ton or 2.31% compared with January 8; East China imported 636 US dollars / ton of pure benzene, down 6 US dollars / ton or 0.93% compared with January 8.

In terms of crude oil, international oil prices fell after rising this week, which was lower than last week. Compared with January 8, Brent fell by $0.775/barrel, or 1.42%; WTI rose by $0.16/barrel, or 0.31%. Compared with December 31, 2019, Brent decreased by 24.38% and WTI decreased by 19.98%.

Downstream: styrene: less arrival at the wharf, less storage than expected, and the overall market supply is tighter than that in the early stage. The overall downstream operation rate was stable, the three downstream benefits were acceptable, the demand for styrene was maintained, and the market transaction was improved. On Friday (January 15), the price of sample enterprises was 6700 yuan / ton, up 150 yuan / ton or 2.29% compared with last Friday, and down 7.37% compared with the same period last year.

Aniline: affected by the public health events in Hebei and the rain and snow weather in the north, the transportation is affected, and the demand in the lower reaches of the north is limited to a certain extent. However, the relative load of aniline enterprises is not high, the spot supply is reduced, the inventory is controllable, and the price is firm. On January 17, the price of aniline was 7800-7900 yuan / ton in Shandong and 8000-8100 yuan / ton in Nanjing.

3、 Future forecast

In terms of crude oil, boosted by favorable news such as Saudi Arabia’s voluntary additional production reduction and Biden’s announcement of a new round of U.S. economic stimulus plan, crude oil is strong and the pattern remains unchanged, and oil prices are expected to continue to rise.

Affected by the public health events in Hebei and the rain and snow weather in the north, the downstream terminals may stop ahead of time, and the pure benzene enterprises may reduce the price to promote the shipment. And the external market has continued to soften. The price of pure benzene is expected to be weak next week. Pay attention to the situation of downstream stock preparation and shutdown before the festival, and the trend of crude oil, external market and styrene.

1、 Price trend

This week, the comprehensive price of hydrochloric acid in North China was temporarily stable, at 182.50 yuan / ton. Overall, the hydrochloric acid market is stable this week, with the hydrochloric acid commodity index of 48.03 on January 15.

2、 Market analysis

From the manufacturer’s quotation, this week’s hydrochloric acid Market manufacturer’s quotation is temporarily stable, the overall market is general. Taiyuan kunshengda hydrochloric acid quotation is 60 yuan / ton, the quotation is temporarily stable; Dezhou Shihua hydrochloric acid quotation is 550 yuan / ton, the quotation is temporarily stable; Wenshui synthetic hydrochloric acid quotation is 240 yuan / ton, compared with the beginning of the week, the quotation is temporarily stable; Jinan Yuanfei hydrochloric acid quotation is 300 yuan / ton, compared with the beginning of the week, the quotation is temporarily stable; Dezhou Maihua hydrochloric acid quotation is 130 yuan / ton, compared with the beginning of the week, the quotation is temporarily stable.

From the perspective of the upstream and downstream industry chain of hydrochloric acid, the market of liquid chlorine in the upstream is general, which gives weak support to hydrochloric acid, while the market of silica in the downstream falls slightly, which has a negative impact on hydrochloric acid. The high market price of ammonium chloride had a positive impact on hydrochloric acid. Hydrochloric acid market as a whole looks stable this week, hydrochloric acid shipment is still a big problem.

3、 Future forecast

The recent market of liquid chlorine in the upstream is general, while the market of silica and ammonium chloride in the downstream has their own ups and downs. Business community analysts believe that hydrochloric acid in the recent small shocks, mainly down.

1、 Price trend

PS market was mixed, ranging from 50-350 yuan / ton. During the week, the supply of some spot goods was tight, the replenishment cost of some brands was increased, and the performance of raw material styrene was acceptable. The East China market was actively exploring and trading in low volume, and some of the pre-sale goods were available after next week. However, the ex factory price of Qimei PS was lowered, and the related brands also fell. Due to the rigid demand and certain demand for goods preparation, the orders of production enterprises increased, the speed of picking up goods accelerated, and the PS inventory continued to decrease.

2、 Market analysis

Zhanjiang Sino US PS ex factory price, 525 quoted 9700 yuan / ton. The factory price of CITIC Guoan PS is 525 yuan / ton. Due to the downstream rigid demand and certain demand for goods preparation, the orders of production enterprises increased, the speed of picking up goods accelerated, and the PS inventory continued to decrease.

3、 Future forecast

The short-term PS market may be stronger, supported by tight supply.

1、 Formic acid price trend

(Figure: p-value curve of formic acid product)

2、 Market analysis

Recently, the domestic industrial grade 85% formic acid market is stable. According to the data of the business club’s block list, as of January 12, the average quotation price of formic acid enterprises was 2650 yuan / ton, which was flat compared with last Tuesday (January 5), and increased by 18.66% compared with December 12.

Recently, the domestic industrial grade formic acid market has gradually stabilized after a substantial improvement in the previous period. There is no obvious fluctuation in the market as a whole. The prices of manufacturers and dealers generally maintain the high quotation in the early stage, and the market trading performance is stable. According to the data monitoring of the business association, the price of formic acid of some enterprises is summarized as follows: the quotation of industrial grade 85% formic acid of Zhangzhou San’an Chemical Co., Ltd. is 2600 yuan / ton, and that of Jintan local industrial supply and Marketing Co., Ltd. is 2800 yuan / ton. The spot price of merchants follows the market, and the actual transaction price is mainly through negotiation.

For upstream caustic soda, on January 12, the price of caustic soda in Shandong Province was temporarily stable. The mainstream ex factory price of 32% caustic soda was 400-530 yuan / ton, and the downstream purchase demand was general. There was a certain conflict with the current price of caustic soda, and it was expected that the follow-up or narrow range of caustic soda would be weak. For upstream liquid ammonia, according to the monitoring data of the business community, the average price quoted by enterprises was 3266.67 yuan / ton as of January 11, down 0.71% compared with the beginning of the month; According to the monitoring data of the business community, as of January 11, the average price quoted by the enterprises was 317.50 yuan / ton, down 26.59% compared with the beginning of the month. The domestic methanol market of the upstream methanol market has rebounded in a narrow range recently. According to the monitoring data of the business community, as of January 12, the average price of methanol producers in Shandong was 2327 yuan / ton, up 0.76% after the new year.

According to the price monitoring of the business community, on January 11, 2021, in the list of commodity prices, there were 18 kinds of commodities in the chemical industry sector that rose month on month, of which 2 kinds of commodities increased by more than 5%, accounting for 2.2% of the number of commodities monitored in the sector; the top 3 commodities were dichloromethane (6.06%), paraformaldehyde (5.00%) and lithium carbonate (2.13%). There were 18 kinds of commodities with a month on month decrease, and 3 kinds of commodities with a decrease of more than 5%, accounting for 3.3% of the number of commodities monitored in this sector; the top 3 products with a decrease were hydrochloric acid (- 34.82%), sulfuric acid (- 26.16%), and n-butanol (industrial grade) (- 7.92%).

3、 Future forecast

Business community formic acid analysts believe that in the near future, the price of raw materials is stable and weak, and the cost boost is limited. Downstream purchasing is mainly on demand. It is expected that the formic acid market will be stable in the short term, and more attention should be paid to market information guidance.

1、 Price trend

According to the data of business club’s block list, the price of pure benzene stopped falling and rose this week. On January 3, the price of pure benzene was 3970-4400 yuan / ton (average price 4224 yuan / ton); on this Sunday (January 10), the price of pure benzene was 4170-4550 yuan / ton (average price 4424 yuan / ton), up 200 yuan / ton or 4.73% from last week.

2、 Analysis and comment

Crude oil rose rapidly this week, and cost support strengthened; in addition, pure benzene in Asia rose widely; downstream styrene price rebounded, and pure benzene surged higher this week. This week, Sinopec’s price of pure benzene was increased by 150 yuan / ton to 4550 yuan / ton, and the price in parts of North China was increased to 4350 yuan / ton. On Monday, the total inventory of pure benzene in East China port was about 2000 tons higher than last week.

In terms of external market, driven by the demand for pure benzene in Europe and the United States, pure benzene in Asia rose broadly this week. On Friday (January 8), South Korea imported 664.67 US dollars / ton of pure benzene, up 39 US dollars / ton or 6.23% compared with December 31; East China imported 642 US dollars / ton of pure benzene, up 31.5 US dollars / ton or 5.16% compared with December 31.

In terms of crude oil, on January 5, OPEC + reached an agreement to adjust the daily crude oil production. In addition, Saudi Arabia said that it would reduce the daily crude oil production by an additional 1 million barrels in February and March, and the oil price rose rapidly boosted by the favorable situation. Compared with December 31, Brent rose by $4.805/barrel, or 9.52%; WTI rose by $3.63/barrel, or 7.46%. Compared with December 31, 2019, Brent decreased by 24.38% and WTI decreased by 19.98%.

Downstream: styrene: the price of styrene rose with the rise of crude oil. After entering January, the inventory of northern styrene enterprises decreased, the impact on East China arbitrage weakened, the price of production enterprises rose again, the cost support and some downstream replenishment transactions supported the market to open higher. On Friday (January 8), the price of sample enterprises was 6550 yuan / ton, up 483.33 yuan / ton or 7.97% compared with last Friday, and down 8.6% compared with the same period last year.

Aniline: the price of aniline is stable this week, and the operating rate is higher than last week. At present, Jinmao aniline plant is restarted and normally shipped, and aniline supply is expected to increase in the later stage. On January 8, the price of aniline was 7800-7900 yuan / ton in Shandong and 8000-8100 yuan / ton in Nanjing.

3、 Future forecast

In terms of crude oil, the international crude oil news is good, and there is still the possibility of rising next week. In the later stage, we will continue to pay attention to the global new epidemic situation and vaccine progress, OPEC +’s latest policy on production reduction, geopolitical risks in the Middle East and global economic recovery.

Crude oil and external support is good, downstream styrene still has room to rise in the short term, and pure benzene is expected to rise next week. Later still need to pay attention to pure benzene inventory changes, styrene trend.