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.

1、 Price trend

This week, the lead market (4.13-4.17) was up in shock. The average price in the domestic market was 14000 yuan / ton at the beginning of the week and 14050 yuan / ton at the end of the week, with a weekly increase of 0.36%.

On April 19, the lead commodity index was 85.51, unchanged from yesterday, down 36.19% from 134.01 (2016-11-29), the highest point in the cycle, and up 14.58% from 74.63, the lowest point on March 19, 2015. (Note: cycle refers to 2011-09-01 to now).

2、 Market trend analysis

Domestic market: this week’s Lund lead market is mainly volatile, closed on Monday, hit a high and fell back on Tuesday, with a minimum of $1750 / ton. As of Friday, Lund lead reported at $1698 / ton. Shanghai lead’s main 2004 contract turned into 2005 contract, which showed a trend of rising and falling down. The high level once reached 13945 yuan / ton, while the low level reached 13585 yuan / ton. As of Friday, Shanghai lead reported 13720 yuan / ton. The spot market price is 14150-14450 yuan / ton. The price of spot lead this week is basically stable with that of last week. The market brands of lead are concentrated in Shanghai Jinsha, South China, Henan Jinli, Yuguang and other brands of lead. There are few single transactions, and the transaction is still dominated by long single transactions

Industry: this week, the basic metals rose under the stimulation of a lot of more information. At the beginning of this week, OPEC + oil producing countries reached a historic production reduction agreement. Subsequently, European and American countries successively introduced various plans to restart the economy, boosting market confidence. The domestic economic data released in the first quarter showed that the economy had gone out of an obvious positive trend compared with last month. The central bank implemented targeted reduction and other measures for small and medium-sized banks.

According to the price monitoring of the business agency, in the 15th week of 2020 (4.13-4.17), there are 10 commodities in the list of commodity prices rising and falling, among which the top three commodities are zinc (2.63%), aluminum (1.75%) and tin (1.71%). There are 7 kinds of commodities falling on a month on month basis, and the top three products are titanium concentrate (- 3.28%), neodymium (- 1.39%) and silicon (- 1.21%). This week’s average was 0.12%.

3、 Future prospects

Next week, most of the basic metal market will be supported by long single transactions, and the spot market will maintain a certain degree of activity and persistence. Today, Xinhua news agency has announced that the 17th session of the 13th National People’s Congress will be held from April 26 to 29, and the market expects more policy guidance. Bulls can still make a difference, and each basic metal will be ready to make a breakthrough.

1、 Price trend

According to the price monitoring of the business agency, the comprehensive price of potassium chloride is temporarily stable this week. This week, the average price of the mainstream comprehensive quotation of potassium chloride was 2180.00 yuan / ton, down 6.24% year-on-year compared with the same period last year. Overall, this week’s potassium chloride market was temporarily stable, with the potassium chloride commodity index at 69.21 on April 17.

2、 Market analysis

The quotation of mainstream potassium chloride manufacturers this week is temporarily stable: the weekly ex factory quotation of Qinghai Salt Lake potassium chloride is 2100 yuan / ton, which is temporarily stable compared with that at the beginning of the week; the weekend distribution quotation of Anhui Badu potassium chloride is 2260 yuan / ton, which is temporarily stable compared with that at the beginning of the week. This week, the actual transaction in the potassium chloride market is not good. On the whole, the main contradiction in the market is that the supply exceeds the demand, the trading atmosphere is cold, the downstream procurement is just in demand, the overall inventory is low, the purchasing market momentum is low, and the domestic potassium chloride market is stable.

3、 Future forecast

Potassium chloride market overall trend or low consolidation in late April. The market of potassium chloride is faced with three major pressures, namely, large stock, weak demand and downward international prices. Therefore, the main contradiction in the current market is that supply exceeds demand. According to analysts of KCl in business association, the short-term market of KCl is dominated by low consolidation under the influence of supply and demand and raw materials.

1、 Price trend

The domestic BDO market atmosphere continued to be depressed. According to the sample data monitored by the business agency, as of April 17, the average price of the domestic BDO market was 9600 yuan / ton, with a 1.64% month on month drop in price and a 5.91% year-on-year increase.

2、 Market analysis

Product: the domestic BDO market atmosphere continued to be depressed this week. BDO’s main factories, such as Heci, Kaixiang and Dongyuan, have no plans to restart due to inventory pressure and weak market. There is no turning point in the international epidemic, and the terminal demand is not expected to be good. After the main downstream PBT plants stop at Kaixiang and weijiao, Meizhou Bay and Meiyuan are also passively stopped, and other factories operate at low load; meanwhile, the spandex inventory is high, and the demand for PTMEG is weak; other downstream PBT plants, such as PU slurry, are also at low level. In the downstream, the digestion of raw materials is slow, and the settlement of high price is in conflict. The combination of contract and spot purchase is highly stressed. Because BDO social inventory is on the high side, the actual single trading is thin, and some operators are short-sighted, and they often make profits and promotions in a reasonable space.

In terms of devices, this week, Heci stopped for maintenance on March 27; Kaixiang stopped for maintenance, and the restart time was not determined; MEC’s load was 50%; Tianye phase I 30000 ton device was in normal operation, The restart time of other units is to be determined; Dongyuan shut down for maintenance on March 5 and the restart time is not determined; Tunhe phase I is 50% and phase II is shut down; Ronghe shut down for maintenance; Xinye shut down for catalyst replacement on March 25; Sinopec load drops to about 50%; heimao shut down for catalyst replacement on April 10, which is expected to be 15 days.

Industry chain: in terms of raw materials, methanol market rose first and then fell this week, with a general turnover. Last week, the smooth delivery and investment in various regions, coupled with the favorable temporary maintenance of Kaiyue and Yumei coal chemical devices, led by the strong price mentality of upstream production enterprises. At present, the industry is bearish on the future market, Shenhua Yulin continues to overhaul, and the methanol consumption in the northwest region is reduced, so it is expected that the methanol weakness will decline next week.

Calcium carbide: this week, the domestic calcium carbide market was affected by the decline of PVC manufacturers, and the price dropped significantly. At present, the inventory of production enterprises in Northwest China is under pressure, and the market trading atmosphere is light. In order to promote shipment, the production enterprises reduce the ex factory price. At present, the ex factory price in Wuhai is 2250-2300 yuan / ton, and there is still a trend of further exploration. Influenced by the cost pressure, calcium carbide enterprises have also kept down the purchase price of Lancan in the near future. It is understood that the price of Lancan intermediate materials in Shaanxi is 620 yuan / ton.

3、 Future forecast

At present, the market load is about 40%, but the effect of limiting production and insuring price is very little. The terminal demand is still in a low state, the downstream industries are forced to produce at a low negative rate, the consumption of raw materials BDO is slow, and the downstream industries are strongly resistant to the hanging settlement. At the same time, they choose the spot purchase mode, and the market price is low, just need to make up the position. Supply and demand are weak, negotiation and saw saw. BDO analysts predict that the domestic BDO market will continue to be weak next week, specifically focusing on the main downstream construction and device dynamics.

1、 Price trend

This week, propane market continued to rise. The average market price of propane at the beginning of the week was 2905.00 yuan / ton, and that at the end of the week was 3107.50 yuan / ton, up 6.97% in the week, 30.83% lower than the same period last year.

2、 Analysis of influencing factors

Product: the domestic propane Market Trading atmosphere this week is better than that in the earlier stage. As of April 10, Shandong Dongming Petrochemical Co., Ltd. stopped using propane for its own use, and Shandong Haiyou Petrochemical Group Co., Ltd. had no propane in stock, so the price was not offered temporarily. The ex factory price of propane of Tianjin Bohai Chemical Group supply and marketing company is 3000 yuan / ton, that of Shandong Dongying Hualian Petrochemical Co., Ltd. is 3080 yuan / ton, that of Shandong HSBC Petrochemical Co., Ltd. is 3150 yuan / ton, that of Shandong Hengyuan Petrochemical Co., Ltd. is 3250 yuan / ton, that of Shandong Binzhou Dayou group is 3150 yuan / ton, and that of Sinopec Qingdao oil refining Co., Ltd The ex factory price of propane of Industrial Co., Ltd. is 2950 yuan / ton.

After the Qingming Festival, the price of propane in Shandong increased significantly, and the overall trading atmosphere of the market improved. At the beginning of this week, the market atmosphere was driven by the continuous rise of international crude oil, and the downstream bullish mentality was obvious. In addition, there was a demand for replenishment after the festival, so the market atmosphere was more positive. The manufacturer’s shipment is smooth, the inventory is low, and the price continuously pushes up. At present, the terminal market has returned to normal, and the market demand has increased, which has also brought certain benefits.

Latest CP price: Saudi Aramco announced in April that the price of propane and butane were lowered. Propane fell to $230 / T, down $200 / T from last month; butane $240 / T, down $240 / T from last month.

Industry: according to the price monitoring of the business agency, in the 14th week of 2020 (4.6-4.10), there are 28 kinds of commodities in the list of commodity price rise and fall in the chemical industry sector, including 13 kinds of commodities with an increase of more than 5%, accounting for 14.9% of the number of commodities monitored in the sector; the top three commodities are pure benzene (21.34%), crude benzene (20.34%) and acetone (15.79%). There are 28 kinds of commodities falling on a month on month basis, with 5 kinds of commodities falling by more than 5%, accounting for 5.7% of the number of commodities monitored in the sector; the top three products falling are ethylene (- 11.31%), butadiene (- 10.19%) and aniline (- 5.63%). This week’s average was up or down 1.05%.

3、 Future forecast

This week, with the support of international crude oil, the trading atmosphere in the market improved, the upstream inventory was running at a low level, and the terminal demand in the later period was expected to grow. There was more good news in the market, and the industry was more optimistic about the future market, and it is expected to continue to rise next week.