1、 Domestic sodium pyrosulfite price trend chart

According to the monitoring of business agency, the price of domestic sodium pyrosulfite continued to keep stable at the bottom this week. The average price of industrial sodium pyrosulfite at the beginning of the week was 1383.33 yuan / ton, and that at the weekend was 1383.33 yuan / ton, with a rise and fall range of 0.

2、 Market analysis

This week, the overall performance of sodium metabisulfite market remained sluggish. The overall purchase and sales of trading entities were cautious, and the market trading volume was light. The market price range of industrial sodium pyrosulfite was 1250-1500 yuan / ton, and most of the prices were around 1400 yuan / ton. Enterprises mainly complete the orders of old customers, but the increase of new orders is limited. (the above prices all refer to the external quotation of domestic mainstream enterprises, and some unreported enterprises are not included in the scope temporarily. The prices are for reference only and have nothing to do with the final pricing of manufacturers. Please contact all manufacturers for details.).

In July, the domestic sulfur price fell by 2.55%, and the soda ash price increased by 2.63%. The raw material cost of sodium metabisulfite continued to fluctuate at a low level. The downstream demand of sodium pyrosulfite continued to be weak, and the market supply and demand were weak, which could not be alleviated in the short term. In addition, the cost of raw materials continued to be suppressed at a low level, and sodium pyrosulfite recovered and was under pressure in the short term.

3、 Future forecast

Business agency analysts believe that there is no real positive support in the short term, sodium metabisulfite demand is difficult to improve, and it is expected that the domestic sodium pyrosulfite market price will continue to move forward at the bottom.

On July 29, the U.S. WTI crude oil futures market prices rose, with the settlement price of main contracts at $41.27/barrel, up $0.23. Brent crude oil futures market prices rose, with the settlement price of main contracts at $43.09/barrel, up $0.48. Oil prices rose mainly due to the largest drop in US crude oil inventories in the year, but the surge in global epidemic cases limited the rise in oil prices.

U.S. crude oil inventories fell sharply last week, the largest weekly decline since the end of December 2019, according to a report released by the U.S. Energy Information Agency (EIA) on Wednesday. Data showed that U.S. crude oil inventories fell 10.6 million barrels to 525.97 million barrels in the week ending July 24, and analysts had expected an increase of 357000 barrels. The decline in inventories is said to be due to a drop in net US crude oil imports by 1 million barrels a day to 1.9 million barrels a day. This is mainly due to the direct impact of OPEC + over scale production reduction. The favorable inventory brought a boost to the oil market, and the oil price rose slightly in the current atmosphere under the pressure of the epidemic situation.

Although U.S. crude oil inventories declined significantly, distillate and gasoline inventories increased. U.S. gasoline inventories rose by 654000 barrels to 247.39 million barrels in the week of 24, after analysts surveyed had expected a decrease of 700000 barrels. Distillate stocks, including diesel and heating oil, rose 503000 barrels to 178.39 million barrels, the highest level since December 1982; analysts had expected a decrease of 300000 barrels. The market is generally concerned about the rise of crude oil inventory and the weakening of the US dollar, which are favorable factors for oil price. However, the oil price did not rise significantly. The main reason is the impact of the slowdown in demand. As can be seen from the obvious increase in the stock of refined oil products, due to the impact of the epidemic, many states in the United States once again took some restrictive measures. Now it is the peak driving season in the United States, but according to the gasoline inventory data, the peak season table is as follows The increase in gasoline inventory indicates that the demand for driving is not as good as that in the same period of previous years. According to the news, many people are still working at home, which may make it difficult to get rid of the short-term downturn in crude oil demand.

In the view of business associations, it is difficult to see a fundamental improvement in fuel demand under the background of still severe epidemic situation. Although the United States and Europe have recently introduced economic stimulus policies, most of them are monetary policy solutions. Due to the particularity of the epidemic situation, it is difficult to solve the problem from the perspective of increasing money supply. At present, the rebalancing of market supply and demand is mainly due to the efforts of oil producing countries to limit production. However, according to the previous agreement reached by OPEC +, the record production reduction will end in July. If OPEC + reduces the share of production reduction, it may further break the current balance of the oil market and increase the pressure on demand. Naturally, it will bring great pressure on the oil price, and there is also a downward risk of oil price.

1、 Price trend

This week, the selling price of sulfuric acid in Shandong was temporarily stable, with an offer of 427.50 yuan / ton, up 76.29% over the same period last year. Overall, this week’s sulfuric acid market temporarily stable, July 24 sulfuric acid commodity index was 66.54.

2、 Market analysis

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

From the upstream and downstream industrial chain, the upstream sulfur market has declined slightly recently, and the cost support is generally. However, the market of monoammonium phosphate and diammonium phosphate in the lower reaches has increased, which has a positive impact on sulfuric acid, and the price of bromine has also hit the bottom and rebounded, which has a positive impact on sulfuric acid. At the same time, some sulfuric acid factories are short of operation recently, the load is reduced, and the supply of sulfuric acid is in short supply.

3、 Future forecast

In the last ten days of July, the market of sulfuric acid in Shandong Province was mainly up. Although the upstream sulfur price has dropped slightly recently, the downstream market has rebounded after hitting the bottom. The demand for sulfuric acid in the downstream is positive. The product trend is upward under the contradiction between supply and demand. The sulfuric acid analysts of the business agency believe that the short-term Shandong market in the supply and demand and raw materials and other aspects of the impact of sulfuric acid market or a small rise.

Price trend

According to the business agency data monitoring, plasticizer DOP prices hit the bottom and rebounded this week. As of July 24, the price of DOP in East China was 7166.67 yuan / ton, which rebounded from the bottom of DOP price of 7033.33 yuan / ton at the beginning of the week, up 1.90%, and remained stable compared with the same period last year.

Upstream market of industrial chain

It can be seen from the trend chart of raw material phthalic anhydride that DOP phthalic anhydride price bottomed out this week and remained stable after rebound. The cost of DOP remained stable, and the downward pressure of DOP weakened.

It can be seen from the octanol price trend chart that octanol price rose in shock this week, the pressure of DOP cost rise increased, and the driving force of DOP market rising increased.

Downstream market of industrial chain

From the PVC price trend chart can be seen, this week, PVC prices fell, plasticizer DOP downstream market fell. The plasticizer DOP decreased and the pressure increased.

Market review and future expectation

Business agency DOP data analyst Bai Jiaxin believes that in terms of raw materials, phthalic anhydride and octanol prices hit the bottom and rebound, which is beneficial to the plasticizer Market; on the downstream side, the PVC market fell, which was negative for the plasticizer DOP market. Overall, the plasticizer DOP market is mixed, and the future DOP market is expected to be stable.

1、 Price trend

According to the price monitoring of the business agency, the average price of refrigerant R22 on July 24 was 16166.67 yuan / ton, which was flat compared with the beginning of the week, increased by 3.16% month on month and decreased by 9.26% compared with the same period last year.

2、 Market analysis

Refrigerant R22 market stable operation this week, overall stable. The market of hydrofluoric acid and chloroform at the raw material end is stable, the supporting force is still in place, the terminal demand is general, the export is not good, and the domestic after-sales market has not improved significantly. Under the domestic and foreign troubles, R22 manufacturers are under pressure to ship, and the start-up is not high. The prices of mainstream manufacturers are stable. Some traders lower their prices and make good profits. In the short term, the market is stagnant. According to the price monitoring of the business agency, as of July 24, the average price of refrigerant R22 was around 16000 yuan / ton, and the ex factory price of mainstream manufacturers was 15500-16000 yuan / ton, and the price remained stable.

The upstream market price of methane chloride is temporarily stable. Affected by the negative production decline of some enterprises in Shandong Province, the spot supply of chloroform market is declining. In addition, the inventory pressure of enterprises is not obvious. The enterprise has a good attitude of supporting price. The ex factory quotation is slightly increased. The downstream market is mainly in demand. Some traders replenish goods to support the stable operation of chloroform price. At present, the quotation in Shandong is about 1950-2000 yuan / ton, Jiangxi Liwen is about 2300 yuan / ton, and Jiangsu is about 2650 yuan / ton. According to the methane chloride data of the business society, the supply of chloroform market is limited at present, and the demand for purchasing in the downstream market is just flat. The market is weak in both supply and demand. It is expected that the market will be straightened out in a short period of time.

The upstream domestic hydrofluoric acid market price rose slightly. On July 24, the mainstream price of domestic anhydrous hydrofluoric acid manufacturers was 8500-9000 yuan / ton, and the ex factory price of domestic manufacturers was temporarily stable. The operating rate of domestic hydrofluoric acid manufacturers was general, and the supply of goods in the field was normal. Driven by the rising price of fluorite, it became a good support for the hydrofluoric acid market. However, the manufacturers reported that the recent delivery situation was poor, and the hydrofluoric acid was in the business community Acid analysts believe that the market price of hydrofluoric acid may remain volatile.

3、 Future forecast

According to the refrigerant analysts of the business agency, R22 is in a standstill, with little fluctuation, poor performance of terminal demand, and pressure on manufacturers to carry goods. However, with the support of quota factors, the price of refrigerant R22 is expected to be stable in the short term, or will fluctuate in a narrow range.

1、 Price trend

The price of calcium carbide in Northwest China rose slightly this week. This week, the average ex factory quotation price of mainstream calcium carbide manufacturers increased from 2402.50 yuan / ton at the beginning of the week to 2420.00 yuan / ton at the end of the week, an increase of 17.50 yuan / ton or 0.73%, and a decrease of 20.00% compared with the same period of last year. On the whole, calcium carbide market rose slightly this week, and the carbide commodity index on July 20 was 63.41.

2、 Trend analysis

From the manufacturer’s quotation, the price of calcium carbide in Northwest China rose slightly this week: the price of calcium carbide from ovicanon at the end of this week was 2450 yuan / ton, which was temporarily stable compared with that at the beginning of the week; the price of calcium carbide in Inner Mongolia and China Union was 2540 yuan / ton this weekend, which was 70 yuan / ton higher than that at the beginning of the week; the price of calcium carbide in Xingping of Ningxia was 2300 yuan / ton at the end of this week, which was temporarily stable compared with the beginning of the week.

Overall, the actual transaction price of calcium carbide in Northwest China is about 2300-2500 yuan / ton this weekend: the mainstream transaction price of calcium carbide in Shaanxi is about 2400 yuan / ton; the mainstream transaction price of calcium carbide in Ningxia is about 2300 yuan / ton; the mainstream transaction price of calcium carbide in Inner Mongolia is about 2500 yuan / ton, and the actual transaction price is mainly through negotiation.

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

Downstream market prices, PVC factory prices fell slightly this week. The price of PVC dropped from 6532.50 yuan / ton at the beginning of the week to 6510.00 yuan / ton at the end of the week, a decrease of 0.34%, but a decrease of 3.30% compared with the same period last year. This week, the PVC price fell slightly, the market was general, and the downstream purchasing enthusiasm for calcium carbide was also general. Overall, the PVC market this week had a positive impact on the price of calcium carbide. However, the supply of calcium carbide is insufficient in the near future, and the procurement is tight.

3、 Future forecast

In late July, calcium carbide market fluctuated slightly and rose mainly. The price of raw materials in the upstream is low, which generally supports the price of calcium carbide. Although the downstream PVC market has declined, the decline is limited. The downstream customers are generally enthusiastic about purchasing calcium carbide, and the calcium carbide production capacity is insufficient at this stage, and the supply of calcium carbide is relatively tight. The later market forecast that the price of calcium carbide in Northwest China will rise slightly in late July.

According to the monitoring of business agency, the domestic market price of phthalic anhydride declined slightly this week. As of the end of the week, the quotation of phthalic anhydride was 5125 yuan / ton, which was 0.73% lower than the price of 5162.5 yuan / ton at the beginning of the week, and 14.11% lower than that at the beginning of the week.

This week, the domestic market price of phthalic anhydride declined slightly. The situation of phthalic anhydride market was general. The price trend of phthalic anhydride was stable. The poor downstream demand led to a small decline of phthalic anhydride price. Domestic phthalic anhydride manufacturers started normal operation, and the operating rate of phthalic anhydride was about 60%. The domestic phthalic anhydride spot supply was normal. The downstream plasticizer industry mainly purchased on demand, and the market price of phthalic anhydride decreased slightly. The market price of phthalic anhydride in East China declined slightly, and the high-end transactions were limited. In East China, the main source negotiation of neighboring France was 5000-5200 yuan / ton, and that of naphthalene process was 4800-5000 yuan / ton; the mainstream quotation of phthalic anhydride market in North China was 5000-5200 yuan / ton, and the market outlook of phthalic anhydride was still in the market, and the market price of phthalic anhydride declined slightly.

The price trend of domestic phthalic anhydride upstream raw material o-benzene is temporarily stable. Sinopec’s implementation price for domestic phthalic anhydride upstream product is 4400 yuan / ton in East China and 4500 yuan / ton in North China. The import price of phthalic anhydride in port area fluctuates and keeps stable. The recent high level of port orthobenzene inventory and the external quotation of o-benzene fluctuate and adjust. The actual transaction price is subject to negotiation. The actual price is discussed in detail The trend of Georgia is stable, and the decline of phthalic anhydride market price is limited.

As of the end of the week, the domestic DOP market price was 7033.33 yuan / ton, down 1.87% this week. Recently, the domestic plasticizer industry demand is not good, the price of isooctyl alcohol is lower, and the DOP market price is declining. The market of plasticizer industry fell down, DOP market quotation was 7000-7200 yuan / T, plasticizer transaction was limited in the market, and the downstream market was down, which was a negative impact on domestic phthalic anhydride market, and the trend of phthalic anhydride market declined.

In recent years, crude oil price mainly fluctuates, and the price trend of raw material o-benzene is temporarily stable. In addition, the transaction situation of plasticizer is general, and the market price of phthalic anhydride is expected to fluctuate and lower in the future.

According to the data monitored by the business agency, today’s comprehensive market price is 13766.67 yuan / ton, and the domestic PC market is running weakly and stably with a narrow range of fluctuation. The industry is cautious and wait-and-see. The downstream demand is weak, and the purchasing enthusiasm is general. Therefore, more discussions are given priority to.

The domestic PC market is light and wait-and-see operation. Domestic PC manufacturers have strong willingness to stand up for price, and the downstream demand is difficult to boost. The number of actual transactions is limited, raw materials are weak and falling, and the cost is lack of good support. At present, the reference range of PC prices in East China is 13800-14300 yuan / ton, Luxi Chemical 13000 yuan / ton, Lihua yiweiyuan is 13500 yuan / ton, Shanghai Kesi is 14800 yuan / ton, and Lotte chemical is 12350 yuan / ton.

The upstream bisphenol A was in a downward trend, with negative atmosphere and low negotiation focus. The reference price in East China market was 9000-9300 yuan / T, and the demand was light.

On July 13, the chemical index was 664, which was the same as yesterday, decreased by 34.65% from the highest point of 1016 (2012-03-13), and increased by 11.04% from the lowest point of 598 on April 8, 2020. (Note: period refers to 2011-12-01 to now)

PC analysts of business agency think: it is expected that the PC market will maintain a weak and stable operation in the short term, and the demand will be weak and difficult to boost. (the above prices are provided by major PC manufacturers all over the country and analyzed by business PC analysts for reference only. Please contact relevant manufacturers for more price details.)

1、 Price trend

The factory price of octanol in Shandong Province fell this week. This week, the average price of mainstream factory price of octanol in Shandong decreased from 7516.67 yuan / ton at the beginning of the week to 7283.33 yuan / ton at the end of the week, a decrease of 3.10%, and a year-on-year decrease of 2.46% compared with the same period of last year. Overall, octanol market fell this week, with the octanol commodity index of 53.55 on July 10.

2、 Market analysis

From the manufacturer’s quotation, the main octanol manufacturer’s factory quotation in Shandong Province fell this week: Jianlan Chemical Co., Ltd. quoted 7350 yuan / ton of octanol at the end of this week, 200 yuan / ton lower than that at the beginning of the week; lihuayi’s offer of octanol was 720 yuan / ton at the end of this week, 300 yuan / ton lower than that at the beginning of the week; Hualu Hengsheng’s offer of octanol was 7350 yuan / ton at the end of this week, which was lower than that at the beginning of the week 200 yuan / ton.

Judging from the upstream and downstream industrial chain, the propylene market in the upstream raw material market of octanol rose slightly this week, with the quotation rising from 6714.55 yuan / ton at the beginning of the week to 6891.91 yuan / ton at the end of the week, an increase of 2.64%, and a decrease of 15.60% compared with the same period last year. Upstream raw material market price rise, affected by the supply and demand side, has a positive impact on the price of octanol.

Octanol downstream market, DOP factory price fell this week. DOP quotation fell from 7433.33 yuan / ton at the beginning of the week to 7266.67 yuan / ton at the end of the week, a decrease of 2.24%, and a year-on-year decrease of 2.68%. Downstream customers’ enthusiasm for octanol procurement declined, octanol demand was general, and the decline of DOP price had a negative impact on octanol market. After the market operators more watch the trend of DOP.

3、 Future forecast

In the middle of July, the market trend of octanol in Shandong was mainly fluctuating and falling. Although the upstream propylene price rose slightly, the cost support was weak, the downstream DOP market began to fall, and the downstream purchasing enthusiasm was weak. Octanol analysts from the business agency believe that: in mid July, the octanol market in Shandong Province may decline slightly under the influence of supply and demand and raw materials.

1、 Price trend

According to the monitoring of the bulk data of the business agency, the mainstream domestic styrene price rose first and then decreased slightly this week, slightly higher than last Friday. On Friday (July 3), the price of sample enterprises of the business agency was 5366.67 yuan / ton, and this Friday (July 10) was 5400 yuan / ton, an increase of 0.62. The price was 39.78% lower than the same period last year.

2、 Market analysis

This week, the styrene market price rose first and then decreased slightly, slightly higher than last Friday. On July 6, East China styrene closed at 5400-5500 yuan / ton, and on July 10, it was 5350-5450 yuan / ton, down by 50 yuan / ton. The above is Zhangjiagang export price. On July 6, South China styrene closed at 5600-5650 yuan / ton, and on July 10, 5550-5600 yuan / ton, falling by 50 yuan / ton, and the above-mentioned factories delivered to the price. In general, styrene showed a horizontal finishing this week, the overall situation of a small decline.

In terms of raw materials, crude oil remained stable during the week, and the price of pure benzene rose slightly at the beginning of the week. Due to the sharp rise in the stock market, the spot price on the spot was firm. However, due to no substantial improvement in demand, the market trading atmosphere turned to be cautious and wait-and-see, and the price stabilized in the later stage. As of Friday (July 10), the mainstream quotation of pure benzene was 3150.00 yuan / ton, up 30 yuan / ton or 0.96% from 3120.00 yuan / ton on Friday (July 3).

In terms of ethylene, due to the maintenance of ethylene plants in Asia, the supply of ethylene increased, and the price dropped significantly. As of Friday (July 10), the mainstream ethylene quotation was 763.50 yuan / ton, down 21.75 yuan / ton or 2.77% from 785.25 yuan / ton on Friday (July 3).

In terms of inventory, the total inventory in East China decreased slightly this week. The total inventory in East China this week was 370200 tons, down 3.25% from 382600 tons last week. But inventories are still high. In the short term, the oversupply has not changed. In terms of domestic styrene, styrene was restarted and increased in July, some enterprises’ inventory increased slightly, and the overall output was basically the same as last week. The average domestic styrene operating rate was 82.2% last week and 81.99% this week, down 0.21%.

On the downstream side, the overall steady decline of styrene downstream this week, still maintain considerable production and marketing profits. In the PS market, as of Friday (July 10), the mainstream ex factory price of PS in East China was 8066.67 yuan / ton, down 33.33 yuan / ton or 0.41% from 8100.00 yuan / ton on Friday (July 3).

In the EPS market, as of Friday (July 10), the mainstream ex factory price of EPS in East China was 8100.00 yuan / ton, which was stable compared with last Friday (July 3). The supply of EPS market in East China and South China is still tight. Some factories restrict orders. The supply in the northern market has eased slightly. Some traders replenish goods across regions. Some downstream companies enter the off-season season. In addition, the cost support is insufficient. Downstream businesses are cautious in buying, and the overall trading remains rigid.

In ABS market, as of Friday (July 5), the mainstream ex factory quotation of ABS in Zhejiang was 13250.00 yuan / ton, which was stable compared with last Friday (July 3). In July, the off-season of home appliance production has entered, and the operating rate of some home appliance factories has decreased compared with that of last month, and the demand for ABS procurement has decreased, while the supply side has accumulated inventory. Although air conditioning decreased by 3.57% month on month in July, it increased by 30.65% year-on-year, and the demand was still supported.

3、 Future prospects

In July, the import volume of styrene decreased on a month on month basis, but the overall supply was still surplus. The price of pure benzene and ethylene in the upstream weakened, the support for styrene weakened, and the demand for styrene from downstream EPS weakened, mainly to maintain rigid demand. Styrene spot sales pressure is still large, it is expected that styrene will be mainly horizontal finishing next week. The market needs to pay close attention to the trend of crude oil price.