1、 Price trend

The domestic butadiene market was slightly sorted out. According to the monitoring price of the business agency, the domestic butadiene market price at the beginning of the week was 4295 yuan / ton, while the domestic butadiene market price at the end of the week was 4345 yuan / ton, up 1.16% in the week. The price rose 22.95% month on month and 45.88% year-on-year.

2、 Analysis of influencing factors

Products: in this cycle, the domestic butadiene market is weak in consolidation, and the supplier price adjustment is limited, which is difficult to form a sustained support for the market. The downstream raw material inventory is relatively abundant, and the poor transaction brings certain drag to the market. During the week, both Puyang Bluestar and Inner Mongolia Jiutai units were temporarily shut down for maintenance. The supply side continued to shrink at the beginning of this week, which brought a certain boost to the market atmosphere. However, Sinopec’s price adjustment policy has not been implemented yet. The supply in the circulation link of the northern market is relatively abundant. Under the drag of downstream demand, the market is weak. The atmosphere in East China is weak. The low price transaction of some goods sources drags down the market focus, and there is no lack of spot circulation to the northern market in the week, which results in the poor transaction of slightly high price goods sources in Northeast China and the overall drag market atmosphere.

In terms of enterprises, Puyang Bluestar’s 50000t / a butadiene plant was shut down for maintenance on May 10, and the restart time has not been determined yet; Jiutai’s 70000t / a butadiene plant in Inner Mongolia was shut down for maintenance on May 12 in the evening, with an estimated duration of 5-7 days; Nanjing Chengzhi’s 100000 t / a butadiene plant was shut down for maintenance on April 7, with a planned restart time of about May 16; some domestic plants were shut down intensively As a result, the overall operating rate of butadiene industry continued to decline to less than 60%.

In terms of industrial chain: SBR: in this cycle, the mainstream factory price of domestic SBR sales companies rose by a narrow margin, with an increase of 100 yuan / ton. Some sales companies did not adjust the price of oil and rubber. The start-up rate of styrene butadiene plant was slightly increased to around 60.20% (of which, the start-up rate of emulsion polymerized styrene butadiene plant was around 60%); Qilu, Yangzi, Jihua, Fushun, Lanhua, Weitai, Shenhua and Bridgestone all operated normally; in addition, Tianjin Lugang, Hangzhou Yibang and Fuxiang chemical styrene butadiene rubber plant continued to stop.

Cis-1,4-polybutadiene rubber: this week, the factory price of high cis-1,4-polybutadiene rubber increased by a narrow range. The operation rate of domestic high cis-1,4-polybutadiene rubber plant continued to rise to around 60.9%, and that of the ChuanHua cis-1,4-polybutadiene rubber plant continued to rise to full load operation after restart. The operation of other mainstream cis-1,4-polybutadiene rubber plants was stable, and the operation rate of the overall high cis-1,4-polybutadiene rubber industry continued to rise compared with the previous cycle. However, in the later period, the operation rate of Maoming cis-1,4-polybutadiene rubber plant was affected by the shutdown

3、 Future forecast

On the positive side, Wanda and Yuhuang raw materials need to be purchased, the overall operating rate of butadiene in China continues to decline, and the operating rate of downstream industries remains relatively high. On the negative side, the tire, automobile and other terminal industries are still weak. Iranian and European ships are expected to arrive in Hong Kong. There is abundant supply in circulation, high price transactions are not smooth, and some suppliers in the north have accumulated inventory. Butadiene analysts of the business agency predict that the domestic butadiene market will be weak next week, and there is no lack of expectation for a small decline in prices. It is suggested to pay attention to the latest prices and transaction guidelines of the internal and external market.

1、 Price trend of epichlorohydrin:

(Figure: P value curve of epichlorohydrin product)

2、 Market analysis:

Product: according to the monitoring data of the business agency, the market of epichlorohydrin has increased recently. As of May 12, the average price quoted by epichlorohydrin enterprises was 10300 yuan / ton, up 4.04% compared with May 6 and 14.02% compared with April 1. In recent years, the price of raw material propylene has been rising continuously, the cost support has been strengthened, the spot supply has been relatively tight, the supply of low-cost goods in the market has been reduced, the price of the buyer has been firm, the news of Jiangsu Haixing plant has been heard, and the downstream buyer is cautious in operation, with strong wait-and-see mood. At present, the market price of epichlorohydrin is 9800-11000 yuan / ton.

On May 11, the epichlorohydrin commodity index was 70.86, unchanged from yesterday, down 47.00% from 133.71 (2019-10-29), the highest point in the cycle, and up 51.25% from 46.85, the lowest point on September 7, 2016. (Note: cycle refers to 2011-09-01 to now)

Industrial chain: on May 11, the market price of propylene in Shandong continued to rise. Last month, the price of propylene in Shandong Province rose sharply and fell sharply, and then it held steady again, and the market was stable. During the May 1st period, the price of propylene slightly increased by about 50 yuan / ton. On the 6th, the price increased by 100 yuan / ton again. On the 7th, 8th and 9th, the price increased by 50 yuan / ton continuously. On the 10th, some enterprises continued to increase by 50 yuan / ton. On the 11th, the price increased by 50 yuan / ton. On the 11th, the market transaction was between 6250-6400 yuan / ton, and the mainstream price was between 6250-6300 yuan / ton. On November 11, the market price of epoxy resin in the downstream rose, and the focus of market negotiation rose with the support of production cost.

Industry: according to the price monitoring of the business agency, there are 26 kinds of commodities in the rise and fall list of bulk commodity prices on May 11, 2020, among which there are 5 kinds of commodities with an increase rate of more than 5%, accounting for 5.6% of the number of commodities monitored in this sector; the top 3 commodities with an increase rate are TDI (10.33%), propionic acid (7.66%) and polymerized MDI (5.78%). There are 13 kinds of commodities falling on a month on month basis, with 2 kinds of commodities falling by more than 5%, accounting for 2.2% of the number of commodities monitored in this sector; the top three products falling are propane (- 5.71%), sulfuric acid (- 5.60%), monoammonium phosphate (- 4.37%). The average price of this day is 0.42%.

3、 Future forecast:

According to the epichlorohydrin analysts of the business club, it is expected that the epichlorohydrin market will consolidate and wait for operation in the short term, and the specific trend needs to pay more attention to the guidance of market news.

1、 Price trend chart of nitric acid Market

Nitric acid price curve

According to the monitoring of business agency, the average price of nitric acid in East China this weekend was 1433 yuan / ton, while the average price at the beginning of the week was 1466 yuan / ton, down 2.27%.

2、 Market analysis

Products: the price of concentrated nitric acid is weak, the quotation of Jiangsu Hongze Yinzhu Chemical Co., Ltd. is 1250-1300 yuan / ton, which is 50 yuan / ton lower than that before the festival; the quotation of Wenshui Synthetic Chemical Co., Ltd. is 1580 yuan / ton, which is the same as that before the festival; the quotation of Shandong helitai Chemical Co., Ltd. is 1700 yuan / ton, which is the same as that before the festival; the quotation of Shaanxi Xinghua is 1500 yuan / ton. The demand of nitric acid market is light.

Industry chain: upstream liquid ammonia, this week’s market is temporarily stable; downstream aniline, during the festival, the price of aniline has been reduced, 200 yuan / ton in Shandong and 200 yuan / ton in East China. The price of aniline in Shandong is 4600-4690 yuan / ton, while that in East China is 4600-4820 yuan / ton, down 4.17% from last week.

3、 Future forecast

To sum up, the nitric acid analysts of the business association predict that the price of nitric acid may be subject to shock adjustment.

1、 Price trend

According to the monitoring of bulk data from the business agency, the price of R134a in China fell this week. As of the end of the week, the price was 21666.67 yuan / ton, down 2.99% compared with 22333.33 yuan / ton at the beginning of the month, down 26.14% compared with the same period last year. On May 8, the R134a commodity index was 79.27, the same as yesterday, a new low in the cycle, down 20.73% from the peak of 100.00 on September 2, 2019. (Note: cycle refers to 2019-09-01 till now)

2、 Market analysis

Products: the domestic refrigerant R134a market demand is low, the automotive industry level air-conditioning after-sales industry demand is weak, at the same time, the export has not recovered, the production enterprises start stable, the market supply is stable, the manufacturers forced by the shipping pressure, the phenomenon of profit delivery is obvious, but there are limits to the transaction in the field, the market is poor. According to the price monitoring of the business agency, as of May 9, the price of refrigerant R134a was mostly concentrated around 18500 yuan / ton, 1-24000 yuan / ton, and the actual price was relatively low.

Industrial chain: on May 9, the mainstream price of domestic anhydrous hydrofluoric acid manufacturers was 7600-8500 yuan / ton. The factory price of some manufacturers in the field fell, the operation rate of domestic hydrofluoric acid manufacturers was average, the supply of goods in the field was sufficient, and the market price in the field continued to fall. The price trend of upstream product anhydrous hydrofluoric acid continued to decline, and the supply of spot goods was sufficient, but the demand situation did not improve significantly, and the price trend of hydrofluoric acid declined.

Industry: according to the price monitoring of the business association, in the 18th week of 2020 (5.4-5.8), there are 37 kinds of commodities in the list of commodity price rise and fall in the chemical industry sector, including 17 kinds of commodities with an increase of more than 5%, accounting for 19.1% of the number of commodities monitored in the sector; the top three commodities are trichloromethane (17.86%), crude benzene (14.59%) and phenol (11.04%). There are 29 kinds of commodities falling on a month on month basis, 8 kinds of commodities falling by more than 5%, accounting for 9% of the number of commodities monitored in the sector; the top 3 products falling are R22 (- 10.10%), isopropanol (- 8.93%) and fluorite (- 6.83%). This week’s average was 0.97%.

3、 Future forecast

According to the refrigerant analyst of business club, at present, the price of refrigerant R134a is declining, the terminal demand is sluggish, the export is not smooth, and the supporting force of raw material end is weakened, and the market is expected to still have the risk of falling in the short term.

1、 Price trend

Pure benzene continued to decline this week, according to data from the business club’s large list. On April 26, the listing price of pure benzene was 3000-3500 yuan / ton (average price 3170 yuan / ton), and on May 3, the listing price of pure benzene was 2750-3400 yuan / ton (average price 2960 yuan / ton), down 6.62% from last week.

2、 Analysis and comment

1. Products: on Tuesday, the listing price of Sinopec’s pure benzene was reduced by 250 yuan / ton to 2800 yuan / ton. The port inventory of pure benzene decreased slightly compared with last week. At the beginning of the week, the price of pure benzene continued to decline due to the weakness of crude oil and external market.

3. Outside: on April 30, South Korea imported 323.67 US dollars / ton of pure benzene, down 8 US dollars / ton, down 2.41% compared with April 24; East China imported 341 US dollars / ton of pure benzene, flat compared with April 14. In April, the import of pure benzene from South Korea rose by 58.67 USD / ton, or 22.14%; the import of pure benzene from East China rose by 38 USD / ton, or 12.54%.

3. Crude oil: many countries have gradually relaxed the blockade measures, and the recovery of crude oil demand is expected to be positive. Brent was up $3.35/barrel, or 20.92%, this week from April 24, while WTI was up $5.35/barrel, or 31.58%.

4. Downstream industry: the price of styrene rose this week, and the price in Shandong Province was 5100 yuan / ton on Friday, 2% higher than last week.

Before this week’s festival, the purchase of aniline was general, and the price reduction promoted the shipment. On Friday, the price in Shandong is 4800 yuan / ton, and in Nanjing is 4800 yuan / ton.

3、 Future forecast

In May, crude oil demand may gradually recover as oil production is reduced and the blockade measures are relaxed in many countries. For the external market and domestic pure benzene market to bring good support.

1、 Price trend

According to the bulk data list of business agency, the price of phosphoric acid market fell in April, and the market reversed the price rise at the end of the month. On April 30, the average price of phosphoric acid in China was 5100 yuan / ton, down 4.37% from the beginning of the month and up 10.45% from the same period last year. The phosphoric acid commodity index on May 5 was 111.48, unchanged from yesterday, down 13.55% from the highest point in the cycle of 128.96 (2019-07-25), and up 22.30% from the lowest point of 91.15 on October 13, 2016. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

Product: the phosphoric acid market is generally in this month, and the price is stable and down. At the beginning of the month, the price is 5333.33 yuan / ton, and then continues to fall. The lowest price is 4966.67 yuan / ton, and the price rebounds near the end of the month, 2.68% higher than the lowest price, ushering in the turning point. At the beginning of the month, the price of raw materials fell, and the price of phosphoric acid market fell. At the same time, due to the impact of foreign public health events, the situation of phosphoric acid export was not good, and domestic demand was not large. Most enterprises went with the market, and the focus of transaction shifted down. Enterprises with high prices lowered their prices according to their own situation, which was conducive to shipment. At the end of the month, due to the rise of yellow phosphorus at the end of raw materials, the price of phosphoric acid in duodi rose with the market, while some enterprises remained stable for a while. Near the holiday, the downstream of phosphoric acid stock up before the festival, some regions have snatched goods market, phosphoric acid enterprise shipment situation turned better, traders actively entered the market, the confidence of the industry increased. According to the monitoring of the business association, as of April 30, the average market price of 85% industrial purified water phosphoric acid was about 5100 yuan / ton, the price in Sichuan was about 4900-5300 yuan / ton, the price in Guangxi was about 5100 yuan / ton, the price in Yunnan was about 5200 yuan / ton, the price in Beijing was about 5100 yuan / ton, and the price in each region was increased to some extent.

Industry chain: Recently, the price of yellow phosphorus market has been raised, the spot supply of yellow phosphorus in the whole site is tight, the downstream stock has increased, and the price of yellow phosphorus has increased significantly. However, the actual volume of transactions is not large, and it is expected that the price of yellow phosphorus will still run at a high level in the short term. In April, the domestic phosphate rock market as a whole remained low and stable, and the market was mostly in a state of consolidation. New orders were generally traded in the market, and the on-site construction continued to improve slowly. The overall operation of domestic phosphate ore market has basically recovered as before. Recently, the inquiry of downstream products of phosphate ore has not been significantly improved, and the overall market trend is weak.

Industry: according to the price monitoring of the business association, in the 17th week of 2020 (4.27-5.1), 21 commodities rose month on month in the list of commodity prices in the chemical sector, with the top three commodities rising respectively being ethylene oxide (5.00%), acetic anhydride (4.48%) and hydrobenzene (4.23%). There are 28 kinds of commodities falling on a month on month basis, with 7 kinds of commodities falling by more than 5%, accounting for 7.9% of the number of commodities monitored in the sector; the top three products falling are ethylene (- 7.64%), formic acid (- 7.25%), PX (- 6.98%). This week’s average was – 0.28%.

3、 Future forecast

According to the phosphoric acid analyst of business and chemical branch, the raw material end rose before the festival, and the price of phosphoric acid enterprises increased more, but the terminal demand is difficult to recover significantly in a short period of time, and it is expected that the recent market of phosphoric acid market is mainly stable.

1、 Price trend

According to the monitoring of the business agency, the price of power coal fell all the way in April. At the beginning of April, the average port price of power coal was maintained at about 536.25 yuan / ton, and at the end of April, the average port price of power coal was maintained at about 471.5 yuan / ton, with an overall decline of 12.07%. On April 29, the power coal commodity index was 57.02, down 0.3 points from yesterday, down 44.65% from 103.01 (2011-11-15), the highest point in the cycle, and up 27.56% from 44.70, the lowest point on January 20, 2016. (Note: cycle refers to 2011-09-01 to now)

2、 Analysis of influencing factors

Product: in April, with the control of public health events in China, the resumption of work in various regions accelerated significantly. However, the overall sales situation of coal mines in Yulin area is general, the sales of lump coal is good, and the price on the mine is stable for the time being; the overall sales of coal market in Jinmeng area has no obvious change, and the accumulation situation of some mining areas continues. However, the low load operation of the coal terminal results in the poor delivery of the whole coal mine and the high inventory operation, and the coal price continues to decline.

Industry chain: the trend of downstream power plants is not optimistic. Downstream power plants still hold a wait-and-see attitude towards resources with low prices. The transaction is weak, and the market expectation is pessimistic. According to the data, on April 30, 2020, the total inventory of power coal storage of six coastal power plants was 16.028 million tons, the daily consumption was 53880 tons, and the available days were 29.75 days. At present, the situation of weak downstream demand still remains unchanged. Traders have a strong wait-and-see attitude, while port inventory remains high.

Macro: coal import increased in the first quarter, and trading prices fell. In March, 27.83 million tons of coal were imported, up 18.5% year on year; in the first quarter, 95.78 million tons of coal were imported, up 28.4% year on year. In addition, the epidemic spread globally, and many countries began to seal up their countries and ports, resulting in increased downward pressure on the economy. Many export processing enterprises in the southeast coast were unable to fully resume production due to lack of orders, resulting in reduced power consumption. In the first half of April, coal procurement in the lower reaches continued to be sluggish, power plants mainly went to storage, and coal prices continued to fall.

3、 Future forecast

Business analysts believe: the current is a traditional coal off-season, coal market supply is greater than demand, coal prices fall under pressure. Affected by the outbreak of overseas epidemic and the slow start of coal demand in domestic coastal areas and other factors, the market supply and demand is unbalanced, and the pressure of coal price decline is increasing. At present, there are few coal pallets, so the market negotiation atmosphere is flat and the market continues to be weak. However, with the introduction of the national policy of stabilizing the market and coal price, as well as the loss management of some coal enterprises, the market space is narrowed, and the possibility of continuing to decline sharply is relatively small. It is comprehensively expected that the power coal will be mainly operated in the later period or in a small scale, depending on the downstream market demand.

1、 Price trend

On April 24, the average ex factory price of oil-based glycol in North China was 3417 yuan / ton, down 5.53% from last Friday, according to the data of business agency.

On April 24, the price of large single can of ethylene glycol in East China was 3310 yuan / ton, down 190 yuan / ton from the beginning of the week, down 5.43%.

2、 Analysis of influencing factors

As of April 23, the ethylene glycol inventory in the main reservoir area of East China was about 1.1036 million tons, a decrease of 46800 tons or 4.07% compared with last Thursday, and a decrease of 32700 tons or 2.87% compared with this Monday. Due to the small amount of arrivals, the inventory fell back.

In terms of shipment, this week, the main port of Zhangjiagang delivered about 6200 tons per day, and Taicang delivered about 200000 tons per day to the two warehouses. Delivery is still not optimistic.

At present, the operating rate of glycol is about 46%, which continues to decline. The operating rate of polyester downstream is about 85%, which is the same as last week.

In terms of units, CNOOC shell’s 480000 ton / a ethylene glycol unit was restarted on April 23; BASF Yangzi’s 340000 ton / a ethylene glycol unit will be overhauled on April 30.

3、 Analysis and prediction

On Monday, U.S. crude oil futures fell to an unprecedented negative. Affected by this, glycol futures and spot prices have also declined. Since then, with the increase of crude oil price and the decrease of inventory, the price of glycol has also recovered.

At present, as the overseas epidemic has not been controlled, the terminal export is greatly restricted. Although there is a certain decline in inventory due to the reduction of arrival, the inventory is still at a high level relative to the sluggish delivery. The demand side is weak. In the case of oil price correction, there is little room for glycol to fall, but the rising trend is not expected to be clear in a short time.

1、 Price trend

According to the data in the business club’s large list, the average ex factory price of powdered monoammonium on April 1 was 2066 yuan / ton, and the average ex factory price of powdered monoammonium on April 26 was 2026 yuan / ton, with the price down 2.02%. On April 26, the monoammonium phosphate commodity index was 67.78, down 0.42 points from yesterday, down 32.78% from the highest point in the cycle of 100.84 (2011-09-13), and up 9.16% from the lowest point of 62.09 on September 19, 2017. (Note: cycle refers to 2011-09-01 to now)

According to the data in the business club’s large scale list, the average ex factory price of 64% diammonium on April 1 was 2217 yuan / ton, while the average ex factory price of 64% diammonium on April 26 was 2207 yuan / ton, down 0.45%. On April 26, DAP commodity index was 65.85, unchanged from yesterday, down 36.06% from 102.98 (2011-10-08), the highest point in the cycle, and up 0.35% from 65.62, the lowest point on March 4, 2020. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

Monoammonium phosphate: this week, monoammonium phosphate Market is still sluggish, and demand is reduced. The factory quotation of 55% powdered ammonium in Anhui Province is 1950-2050 yuan / ton, and the commencement is stable. In Hubei Province, the ex factory price of 55% powdered ammonium is about 1900-2000 yuan / ton, and that of 60% mainstream powdered ammonium is 2150-2200 yuan / ton. The market in Henan Province has maintained stable operation, and 55% of ammonium powder has been quoted about 1950 yuan / ton, with stable start-up. The price of 55% powdered ammonium in Shandong Province is 1900-2000 yuan / ton, which is stable. The ex factory quotation of 55% powdered ammonium in Sichuan is about 2000 yuan / ton.

Diammonium phosphate: this week, the market trend of diammonium phosphate is weak, and the focus is gradually turning to the export market. At present, 64% of mainstream diammonium in Hubei Province offers 2150-2200 yuan / ton, 64% of mainstream diammonium in Shandong Province 2200-2350 yuan / ton, 64% of mainstream diammonium in Yunnan Guizhou Province 2300-2450 yuan / ton, and 64% of mainstream diammonium in Anhui Province 2200-2350 yuan / ton. 64% of mainstream diammonium in Gansu Province is priced at 2250-2400 yuan / ton.

Industrial chain: the raw sulfur market has a cold performance, the enthusiasm of the downstream market is not high, the port inventory is high, and the consumption is slow. In the end of the spring ploughing, the export of phosphate fertilizer is not clear, the market has a strong wait-and-see atmosphere, and the attitude of the industry towards the future market is not stable. At present, the domestic supply and demand performance is stagnant, the downstream follow-up is insufficient, and the trading atmosphere in the sulphuric acid market is in a downturn. The domestic phosphorus ore market as a whole continued to operate stably, the market remained stable and consolidated, and there was almost no fluctuation in the market as a whole. The factory continued to supply the old orders, and the new order increment was still small. At the end of spring ploughing, the demand of downstream compound fertilizer enterprises decreased.

Industry: according to the price monitoring of the business agency, in the 16th week of 2020 (4.20-4.24), there are 14 kinds of commodities rising month on month in the list of commodity prices in the chemical industry sector, among which there are 2 kinds of commodities rising by more than 5%, accounting for 2.2% of the number of commodities monitored in the sector; the top 3 commodities are propanone (10.26%), acetic acid (8.14%) and ethanol (3.33%). There are 45 kinds of commodities falling on a month on month basis, with 13 kinds of commodities falling by more than 5%, accounting for 14.6% of the number of commodities monitored in the sector; the top three products falling are hydrochloric acid (- 29.76%), crude benzene (- 17.03%) and n-butanol (industrial grade) (- 12.35%). This week’s average was – 1.76%.

3、 Future forecast

Analysts of business association ammonium phosphate think that at present, the raw materials of ammonium phosphate are down, the cost support is insufficient, and the new downstream orders are reduced. In the absence of positive support, the price of Monoammonium is running weak, and the transaction focus is declining. The price of diammonium is still low when it changes from domestic to export. It is expected that in the later period, the downturn trend of Monoammonium and diammonium will be hard to change, and the market will still be in a weak position.

1、 Price trend:

According to the data monitoring of business agency, the quotation of Sinopec orthobenzene contract this week maintained stable. As of April 24, the contract price of o-xylene Sinopec was 4200.00 yuan / ton, which was stable compared with the price of o-xylene at the beginning of the week. The price is 37.31% lower than that of the same period last year. Ortho benzene market is stable.

2、 Market analysis:

External offer

Commodity name quotation type port price time

O-xylene FOB US $468.56/t in the Gulf of Mexico 2020-4-24

O-xylene CFR China 440.00 USD / ton 2020-4-24

O-xylene CFR Southeast Asia $430.00/t 2020-4-24

O-xylene FOB South Korea 440.00 USD / ton 2020-4-24

O-xylene FOB Amsterdam, Rotterdam and Antwerp USD 330.00/t 2020-4-24

O-xylene FOB Amsterdam, Rotterdam and Antwerp USD 337.00/t 2020-4-23

O-xylene FOB Amsterdam, Rotterdam and Antwerp USD 332.00/t 2020-4-22

O-xylene FOB Amsterdam, Rotterdam and Antwerp USD 365.00/t 2020-4-21

O-xylene FOB Amsterdam, Rotterdam and Antwerp USD 370.00/t 2020-4-20

O-xylene FOB US $474.07/t in the Gulf of Mexico 2020-4-17

O-xylene CFR China $460.00/t 2020-4-17

O-xylene CFR Southeast Asia $450.00/t 2020-4-17

O-xylene FOB South Korea $455.00/t 2020-4-17

O-xylene FOB Amsterdam, Rotterdam and Antwerp $380.00/t 2020-4-17

As can be seen from the table, the price of the outside market fell this week. The external quotation of the European region this week was $330 / T, down $50 / T from last week’s quotation; the quotation of the South Korea region was $15 / T; the Southeast Asia region was $20 / T, China region was $20 / T; the United States region was $5.51/t. External prices fell sharply, negative for domestic prices of ortho benzene. The port’s inventory is about 14000 tons, and the port’s ortho benzene inventory is down, which is good for the domestic ortho benzene market.

Crude oil market fluctuates and falls

This week’s crude oil price fluctuated and adjusted, and the overall crude oil trend of this week fluctuated and fell; as of April 26, the price of wit crude oil fell by 14.75%; Brent crude oil fell by 10.6%. International crude oil prices fell sharply, which was negative for domestic crude oil market, ortho benzene raw material prices fell, and ortho benzene market.

Trend of o-benzene industry chain

As reflected in the rise and fall chart of this week’s ortho benzene industry chain, the price of raw materials of ortho benzene fell sharply this week, and the cost of ortho benzene fell sharply; the price of downstream products of ortho benzene fell, which was negative for the market of ortho benzene, and the downward pressure of ortho benzene increased the upward momentum weakened.

3、 Future forecast:

According to Bai Jiaxin, data analyst of o-xylene of business association, crude oil continued to fall this week, with a sharp drop in the price of o-xylene raw materials, a drop in the price of raw materials, and a drop in the cost of o-benzene. For the downstream, although domestic demand has picked up, compared with the sharp drop in the price of crude oil, the price of the downstream products of o-benzene is still on a downward trend; the growth momentum of o-benzene is insufficient and the downward pressure is large. Generally speaking, crude oil price fell, raw material price of o-benzene fell, and o-benzene fell under great pressure; domestic demand gradually picked up, but global demand fell significantly, overall downstream of o-benzene was still weak, phthalic anhydride price fell, o-benzene market was positive and limited, and there was a big negative. It is expected that o-benzene market in the future will fall under great pressure.