The price trend of ammonium nitrate Market is temporarily stable this week (4.12-4.16)

According to statistics, the price trend of domestic ammonium nitrate was temporarily stable this week. By the end of the week, the domestic market price of ammonium nitrate was 2980 yuan / ton, which was the same as the price of 2980 yuan / ton at the beginning of the week, with a year-on-year increase of 29.57%. On April 15, the commodity index of ammonium nitrate was 156.84, which was the same as yesterday, decreased by 1.00% compared with 158.42 (2021-04-08), the highest point in the cycle, and increased by 102.71% compared with 77.37, the lowest point on October 31, 2016. (Note: period refers to the period from February 1, 2013 to now).

 

Azodicarbonamide (AC foaming Agent)

This week, the price trend of domestic ammonium nitrate Market maintained a high level. The domestic ammonium nitrate manufacturers started their plants normally, and the supply of ammonium nitrate in the yard was normal. Some manufacturers reported that the delivery situation was general, and the price trend of manufacturers maintained a high level. Recently, the supply of goods in the yard was tight, and the transportation was normal, so the market price of ammonium nitrate was temporarily stable. Recently, the shipment market of ammonium nitrate manufacturers is normal, and the downstream is purchased on demand. The domestic ammonium nitrate manufacturers start work normally, and the price trend of some manufacturers is temporarily stable. Up to now, the mainstream negotiation in Shaanxi is 2800-2900 yuan / ton, the mainstream negotiation in Shandong is 2200-2300 yuan / ton, and the price in Hebei is 3000-3300 yuan / ton.

 

This week, the domestic price of concentrated nitric acid was temporarily stable, with the weekend price of 2233.33 yuan / ton, which was the same as the price of 2233.33 yuan / ton at the beginning of the week. Jiangsu Hongze Yinzhu chemical quoted 2300 yuan / ton; Anhui Jinhe quoted 2300 yuan / ton; Shandong helitai quoted 2300 yuan / ton. Shaanxi Xinghua quoted 2150 yuan / ton. In recent years, the domestic overhaul units have been running normally, the market supply of concentrated nitric acid is normal, the goods on site are in general, the price trend of nitric acid on site remains stable, and the market price trend of ammonium nitrate is temporarily stable.

 

The price trend of upstream liquid ammonia dropped slightly this week, with the weekend price of 3836.67 yuan / ton, 1.88% lower than the price of 3910 yuan / ton at the beginning of the week. The operation of liquid ammonia plant in the yard was normal, the spot supply in the yard was sufficient, and the price trend of liquid ammonia market fell slightly. In terms of fundamentals, the price of liquid ammonia in Shandong fell slightly. Due to the increase of inventory pressure, the operating rate of manufacturers remained at a reasonable level, and there was a certain price difference with other regions in China, the price of liquid ammonia fell slightly. The ammonia quantity in Shandong Province is basically in the balance of supply and demand, which still has some support for the price. In the downstream, the agricultural fertilizer consumption has increased, the downstream demand is general, and the market price trend of ammonium nitrate is temporarily stable.

 

In the near future, the demand of downstream civil explosive industry is normal, and the production and marketing of nitro compound fertilizer is normal, and the price trend of raw material market has slightly dropped. However, the spot supply of ammonium nitrate is general, which has a certain positive support for the ammonium nitrate Market. The ammonium nitrate analysts of business community believe that the market price of ammonium nitrate may remain stable in the future.

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This week, the price of sulfuric acid in Shandong Province rose 1.28% (4.5-4.9)

1、 Price trend

 

Chitosan oligosaccharide

This week, the distribution price of sulfuric acid in Shandong rose, from 520.00 yuan / ton at the beginning of the week to 526.67 yuan / ton at the end of the week, an increase of 1.28%, up 58% compared with the same period last year. Overall, the sulfuric acid market rose this week, with the sulfuric acid commodity index at 81.97 on April 9.

 

2、 Market analysis

 

From the quotation of manufacturers, the price of mainstream sulfuric acid manufacturers in Shandong Province rose this week, with large inventory and general downstream demand. At the end of the week, Heze Jiangyuan quoted 610 yuan / ton, which was temporarily stable compared with the beginning of the week; Zouping Tianlu quoted 520 yuan / ton, which was increased by 20 yuan / ton compared with the beginning of the week; Jinan Yuanfei quoted 450 yuan / ton, which was temporarily stable compared with the beginning of the week.

 

From the perspective of the upstream and downstream industry chain, the sulfur market in the upstream has been consolidated at a high level recently, and the cost support is good. Moreover, the market prices of monoammonium phosphate, diammonium phosphate and bromine in the downstream are also rising, which has a positive impact on sulfuric acid.

 

3、 Future forecast

 

In the middle of April, the sulfuric acid Market in Shandong may rise slightly. The price of sulfur in the upper reaches has been consolidated at a high level in recent years, the market in the lower reaches is better, the purchasing enthusiasm of sulfuric acid in the lower reaches is normal, and the product trend rises under the contradiction between supply and demand. Business community sulfuric acid analysts 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 small shock rise.

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The price of dimethyl ether continues to rise

According to the trend chart, it is obvious that the price of DME market began to rise in late March, and the price continued to rise. According to the data monitoring of business news agency, the average price of dimethyl ether in Henan market was 3116.67 yuan / ton on March 22 and 3295.00 yuan / ton on April 8, with an increase of 5.72% during the period, up 7.33% compared with March 1. As of April 8, the domestic market prices of dimethyl ether are as follows:

Region specification Date Quotation

The mass fraction of dimethyl ether in Shandong area: ≥ 99.0% on April 8 to 3480 yuan / ton

The mass fraction of dimethyl ether in Hebei area: ≥ 99.0% on April 8 to 3600 yuan / ton

Mass fraction of dimethyl ether in Henan area: ≥ 99.0% on April 8th 3300-3350 yuan / ton

Since the end of March, the dimethyl ether Market showed a continuous upward trend, and the price rose significantly. At present, the mainstream quotation of dimethyl ether Market in Henan Province is about 3300-3350 yuan / ton. The rising market, the market more favorable factors. The first is the raw material methanol market. According to the data monitoring of the business society, the methanol market in Shandong began to stop falling and rebound on March 22, and the center of gravity moved up. The upward cost brought obvious benefits to the dimethyl ether Market. Secondly, in terms of liquefied gas market, Shandong’s civil gas market started to rise on March 22. As of April 8, Shandong’s civil gas market rose by nearly 9%, and the price difference between gas and ether gradually widened, boosting the market mentality. In terms of supply, affected by many factors, the operating rate of dimethyl ether Market has declined compared with the previous period. At present, the operating rate of domestic dimethyl ether Market is only about 12%. Finally, in terms of demand, after the Qingming Festival holiday, the downstream stores and replenishments demand, and the mentality is better, and the replenishment is concentrated in the market. Manufacturers shipping smoothly, inventory pressure is not big, strong mentality, prices continue to push up.

 

According to the statistics of the business society, taking xinlianxin manufacturers as an example, on March 29, the external quotation of Henan xinlianxin dimethyl ether was 3100 yuan / ton, Jiujiang xinlianxin dimethyl ether was 3170 yuan / ton, on April 9, the external quotation of Henan xinlianxin dimethyl ether was 3300 yuan / ton, and Jiujiang xinlianxin dimethyl ether was 3280 yuan / ton The price of Jiujiang xinlianxin dimethyl ether increased by 110 yuan per ton.

 

The cost of methanol market entered the domestic methanol market in April. According to the monitoring of business news agency, as of April 8, the average price of domestic methanol production enterprises in Shandong was 2395 yuan / ton, with a month on month increase of 2.57% and a year-on-year increase of 39.65%. Some production enterprises in Northwest China raised their ex factory quotations, and prices were boosted by futures. The downstream just needed to replenish after the festival, and the domestic methanol market rose in a narrow range. However, the good time is not long. The port’s destocking and low price supply still impact the market. In addition, the downstream’s acceptance capacity is limited, and the follow-up of the firm offer is insufficient, so the price rise is not sustainable.

 

In general, the low operating rate of dimethyl ether Market has brought some support to the market, and the relatively strong price of methanol and liquefied gas in the civil market has also brought good results to the market. Manufacturers inventory is generally in a controllable level, short-term pressure is not big. But in terms of demand, with the end of replenishment in the downstream and the rising temperature, the demand is expected to weaken. The business association thinks that the price of dimethyl ether Market is still strong in the short term, but it is unlikely to continue to rise in the long term.

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Brazil: polypropylene production chain gets tax relief and import quota

ABIPLAST, the Brazilian Plastics Industry Association, confirmed that import duties on polypropylene (PP) had been reduced to zero.

 

In addition, an import quota of 77000 tons per quarter was implemented.

 

The authorized amount in the next three months is proportional to the annual import volume of polypropylene homopolymer (243000 tons in total).

 

ABIPLAST and members of the production chain, including the Brazilian national chemical company, pay close attention to the market every day to assess whether additional measures are needed.

 

Major producers in the region include: Brazil National Chemical Corporation, petrocuyo, petroquim, essentia and indelpro.

 

Polypropylene (PP) is used for packaging, ropes, carpets, plastic parts, loudspeakers and automotive parts.

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The price of lithium carbonate basically stabilized and continued to be high in the short term

According to business agency data monitoring: lithium carbonate prices this week slightly explored, but most companies offer basically the same. On April 2, the average price of industrial lithium carbonate in East China was 87000 yuan / ton, which was 0.46% higher than that of the early Zhou Dynasty (on March 29, the average price of industrial lithium carbonate in East China was 86600 yuan / ton). On April 2, the average price of battery grade lithium carbonate in East China was 90600 yuan / ton, which was 0.44% higher than that of early Zhou (on March 29, the average price of battery grade lithium carbonate in East China was 90200 yuan / ton). On February 2, the comprehensive quotation of industrial lithium carbonate market was around 82000-90000 yuan / ton, and the comprehensive price of battery grade lithium carbonate market was 85000-92000 yuan / ton.

 

ferric sulfate (Poly ferric sulphate)

According to the observation of market changes, lithium carbonate price this week slightly explored, with relatively small fluctuation range, and most enterprises’ quotation price was basically the same as last week. At present, the market lithium carbonate suppliers have strong willingness to support the price, and the price is still stable under the condition of relatively weak demand. From March to may, the domestic lithium carbonate will continue to increase, and the pattern of short supply has been improved obviously, so it is difficult to see the price rise.

 

The downstream lithium hydroxide price is relatively stable, the market is in high position and stable operation. The enterprises mainly deliver the pre orders, and the downstream demand is relatively stable. In the aspect of the power market, the price is also gradually stable, with the market demand slowing down, the rising space is limited.

 

According to the price monitoring of business agency, the commodity index of lithium carbonate on April 1 was 221.66, up 0.51 points from yesterday, down 45.28% from the highest point 405.10 (January 07, 2018), and 124.94% higher than the lowest point of 98.54 on October 16, 2014. (Note: the period refers to 2011-09-01 to now)

 

Analysts of lithium carbonate in business agency believe that the market demand is stable in the near future, downstream enterprises are basically in the state of just need to buy, the price rising trend is slightly weak, and it is expected that lithium carbonate price will continue to be high in the short term.

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The price of monoammonium phosphate rose slightly, while the price of diammonium phosphate was stable temporarily (3.22-3.26)

1、 Price trend

 

Azodicarbonamide (AC foaming Agent)

According to the data of business club’s block list, the average ex factory price of powdered monoammonium was 2566.67 yuan / ton on March 26, and 2560 yuan / ton on March 22, with a year-on-year increase of 20.31%.

 

According to the data of the business club’s block list, on March 26, the average ex factory price of 64% diammonium was 2900 yuan / ton, and on March 22, the average ex factory price of 64% diammonium was 2900 yuan / ton, up 30.34% year on year.

 

2、 Market analysis

 

This week, the price of monoammonium phosphate rose slightly, the manufacturers made more stable adjustments, limited new orders, main orders, little shipping pressure, and the willingness to support the market is still relatively strong. At present, the downstream demand is stable, just need to purchase, the cost support is acceptable, and the short-term market is relatively stable. Anhui Province 55% ammonium powder factory offer 2450-2460 yuan / ton. The price of 55% ammonium powder in Hubei Province is 2500-2600 yuan / ton. The price of 55% ammonium powder in Henan Province is about 2500-2700 yuan / ton. The price of 55% ammonium powder in Sichuan is about 2400-2550 yuan / ton.

 

This week, DAP market is temporarily stable, market price guidance is not strong, most enterprises still stop reporting, continue to send orders. At present, the manufacturers mainly supply export orders, but there is still a gap in the domestic market supply, so the good news still exists, and the short-term market is relatively stable. In the domestic market, 64% of diammonium enterprises in Hubei Province stopped reporting, while 64% of diammonium enterprises in Gansu Province quoted 3150 yuan / ton. The price of 64% diammonium in Yunnan is 3300-3430 yuan / ton. In Guizhou, 64% diammonium is priced at 3250-3300 yuan / ton, while in Heilongjiang, the first arrival price of 64% diammonium is about 3300 yuan / ton.

 

In terms of raw materials, the domestic sulfur market is mainly wait-and-see, the inventory of domestic refineries in various regions remains low, the market sulfur price is high and firm, the enthusiasm of downstream factories to purchase in the market is weak, the quotation of domestic refineries is basically stable, and the shipment is acceptable. During the week, refineries in various regions of China made big steady and small moves, with the exception of Sinopec’s solid sulfur price increase of 20 yuan / ton in East China, the overall market quotation was stable. As of March 26, the reference price of sulfur was 1476.67, up 7.52% compared with March 1 (1373.33).

 

3、 Future forecast

 

Analysts of ammonium phosphate from business news agency believe that at present, the cost support is still in the market, domestic phosphate fertilizer export is good, enterprises mainly deliver early orders, the market arrival is low, which is good support. Monoammonium phosphate and diammonium phosphate tend to be strong in the short term, and with the weakening of favorable factors, the later price may face a callback.

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Crude oil rises and falls repeatedly, MTBE price remains stable

On March 29, international oil prices rose and fell repeatedly, domestic oil products fell steadily, and MTBE market prices remained stable. According to the data of business news agency, the price of MTBE was 5710 yuan / ton on March 29, and it was stable in the past seven days.

 

ferric sulfate (Poly ferric sulphate)

The upgrading of epidemic prevention and control measures in many European countries and the slow progress of vaccine promotion have cast a shadow on the prospects of economic recovery. In addition, the United States had inventory growth and international oil prices fell, but the Suez Canal ships were blocked, resulting in freight growth and international oil prices rose again. WTI crude oil prices fluctuated widely in the past seven trading days, ranging from US $57.5 to US $61.5 per barrel.

 

International oil prices fluctuated repeatedly, domestic gasoline market prices fell slightly, and demand for intermediate materials such as MTBE decreased, but the overall price of MTBE market remained stable. The MTBE market in Shandong maintains a rigid demand, while the oil distributors in southern market have a relatively negative intention to enter the market. On the whole, the price of MTBE in domestic market is stable and declining.

 

MTBE product analysts of business society energy branch think: the upward strength of crude oil price is insufficient, mainly in a wide range shock, coupled with the domestic refined oil reduction on March 31, gasoline price is about to decline, and the price of intermediate materials such as MTBE is expected to decline.

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In March, the price of PE market was high first and then low, entering the stage of consolidation after rising

PE spot three varieties in February after experiencing a sharp rise in the market, March will enter the stage of consolidation after the rise. On the whole, the three major PE spot varieties were first high and then low in March. Among them, LLDPE in East China fell more than rose, with a decrease of 3.33% in March. LDPE and HDPE in East China rose more than fell, with a small increase in March as a whole. Here are the details:

 

Benzalkonium chloride

According to the data monitoring of business news agency, the average ex factory price of LLDPE (7042) in East China was 9000.00 yuan / ton on March 1 and 8700.00 yuan / ton on March 29, with a decrease of 3.33% in March and an increase of 8.98% compared with February 1.

 

According to the data monitoring of business association, the average ex factory price of LDPE (2426h) in East China was 12075.00 yuan / ton on March 1, and 12162.50 yuan / ton on March 29, with an increase of 0.72% in March, up 12.75% compared with February 1.

 

According to the data monitoring of the business association, the average ex factory price of HDPE (5000S) in East China was 9216.67 yuan / ton on March 1 and 9300.00 yuan / ton on March 29, with an increase of 0.90% in March and 13.88% compared with February 1.

 

It can be seen from the trend chart of business community that the overall trend of PE spot market in March can be divided into the first half of the month and the second half of the month. In the first half of the month, three kinds of PE spot continued the rising trend in February, and the overall center of gravity moved up. In the second half of the month, the three PE spot varieties all fell to varying degrees, among which LLDPE was greatly affected by the futures market, and the decline was the most obvious.

 

In the first half of the month, the overall small rise of PE market was the main, and the rise of three kinds of spot products was different, among which the increase of LDPE in East China was the most prominent. The overhaul of Maoming high-voltage device in March brought some support to the high-voltage market. In addition, the operating rate of agricultural film and plastic film increased significantly in March, and the increase of linear demand brought some support to the market. Secondly, the upstream enterprises went to the warehouse slightly, and the overall two barrel oil inventory was still low on a year-on-year basis. In terms of international crude oil, the main players in the first half of the month brought good results to the market. Spot three varieties have continued to rise in February, the focus continues to move up.

 

In the second half of the month, the overall PE market fell mainly. Except for Fushun Petrochemical in East China, which increased by 100 yuan / ton, other varieties decreased by 50-500 yuan / ton, among which LLDPE decreased the most. In the second half of the month, the futures market continued to fall, bringing some pressure on the spot market. Downstream, the film industry has gradually entered the off-season, and the plastic film market has not yet opened, market demand follow-up is insufficient. The ex factory quotation of petrochemical enterprises has declined, and the market trading atmosphere is poor. Merchants shipping blocked, more go with the market, let profit declaration. International crude oil fell in the second half of the month, which brought Limited benefits to PE market. Downstream mentality cautious, wait-and-see mood is strong, the terminal more on-demand to make up for the main, solid offer focused on a single talk.

 

The upstream ethylene external market rose first and then fell in March, and the recent external ethylene market as a whole showed a downward trend. As of the 25th, CFR Northeast Asia closed at US $1047-1055 per ton, and CFR Southeast Asia closed at US $992-1000 per ton. The price of ethylene market in Europe fluctuated and fell. As of the 25th, FD in northwest Europe closed at US $1219-1233 / T, CIF in northwest Europe closed at US $1199-1208 / T. The price of ethylene in the United States dropped slightly, reaching US $1216-1229 per ton as of the 25th. Recently, the market of ethylene in Europe, the United States and Asia showed a slight downward trend. Generally speaking, the external market of ethylene is cold and the market tends to go down.

 

On March 29, the opening price of polyethylene futures 2105 was 8645, the highest price was 8810, the lowest price was 8560, the closing price was 8605, the former settlement price was 8580, the settlement price was 8675, up 25, or 0.29%, the trading volume was 459785, the position was 255633, and the daily increase was 6117. (quotation unit: yuan / ton)

 

At the end of the month, the international crude oil rose slightly, and the futures market turned red, which was good for the market mentality. The two oil stocks are still at a low level year on year. In terms of demand, the operating rate of agricultural film has dropped due to seasonal influence, and the pipe materials and packaging film have improved. However, the mentality of the lower reaches is general, multi-dimensional holds replenishment on demand, and the enthusiasm for entering the market is not good. The operation rate of upstream enterprises continued to maintain a high level, and the output increased slightly. Overall, PE spot market has little room to fall, and it is expected to rise in April or shock.

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This week, the price of baking soda was mainly adjusted (3.22-3.26)

1、 Price trend

 

povidone Iodine

According to the monitoring data of the business community, the price of sodium bicarbonate has been running at a high level recently. From the beginning of the week to the end of the week, the average price in the domestic market is 1616.67 yuan / ton. On March 25, the commodity index of sodium bicarbonate was 107.30, unchanged from yesterday, down 11.82% from 121.68 (2020-10-21), the highest point in the cycle, and up 21.56% from 88.27, the lowest point on December 22, 2020. (Note: cycle refers to the period from September 1, 2020 to now)

 

2、 Market analysis

 

According to the business community, the price of sodium bicarbonate is running at a high level, and the shipment in the downstream market is fair. At present, the price of sodium bicarbonate in Henan is about 1550-1700 yuan, which is the mainstream quotation in the market. The downstream demand is acceptable. It is expected that the price will be slightly consolidated in the near future. The price of baking soda in Hebei is about 1550-1650 yuan / ton, which is the mainstream price in the market, and the downstream demand is acceptable.

 

Raw materials: according to the monitoring data of the business community, the domestic soda price is strong. The main market price of light soda is about 1750-1850 yuan / ton. In Central China, the main market price of light soda is about 1600-1750 yuan / ton. In East China, the main market price of light soda is about 1650-1750 yuan / ton. The demand of downstream glass for soda is relatively stable. It is expected that the price of soda will be strong in the short term.

 

Demand side: downstream medicine, textile and food demand for sodium bicarbonate is fair, and the price of sodium bicarbonate has been strong recently. Analysts from business news agency believe that: in the near future, soda ash as a raw material has been sorted out temporarily and operated strongly, while the demand of downstream market is acceptable. In general, the price of sodium bicarbonate may maintain the consolidation trend in the short term, and the specific demand of downstream market.

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Oil price rebounds to brake, weak demand shows signs

The strong rebound in oil prices was abruptly suspended due to signs of weak demand in major markets, the Financial Times website reported March 19, entitled “oil prices have suffered the biggest weekly drop since October last year due to concerns about demand.”. Oil prices have experienced the biggest weekly decline since october2020.

 

Brent crude oil prices closed down nearly 7 per cent this week to $64.53 a barrel. The US West Texas Intermediate base crude oil price also fell similar to $61.42 a barrel.

 

The drop, the report said, has put the brakes on the almost uninterrupted rebound in oil prices this year. Since the beginning of November 2020, with the reopening of the world’s measures to lift the epidemic blockade, the prices of Brent crude oil and West Texas Intermediate base crude oil have risen by more than 60%.

 

ferric sulfate (Poly ferric sulphate)

But analysts said oil prices had already oversupped after Brent crude broke the $70 a barrel last week, the report said. Traders are focusing again on signs of a resumption of blockade measures in parts of Europe and the continued weakness of real demand between China and the United States.

 

“I think oil prices are catching up in terms of the actual demand for crude oil from China and the United States,” said Christopher page, senior oil market analyst at Rustad energy in Norway

 

Meanwhile, US oil stocks have increased as it takes longer than expected for petrochemical plants to return to operation after Texas’s energy production sector has been frozen. The energy information agency reported an increase in oil inventories of 2.4 million barrels.

 

“The market feels a bit too much for the time being, and macro conditions and general optimism about vaccines have helped to support the rise in oil prices,” said Paul hosnell, head of commodities research at Standard Chartered Bank, the report said. The severe test of the fall in oil prices has been a long time since, so it takes just a few things to act as a catalyst to get the ball rolling. ”

 

Some analysts say the weakness in the oil market is unlikely to continue. They believe that oil demand could still rebound strongly later this year as the vaccine program accelerated (despite short-term problems in Europe) boosted travel and broader economies.

 

Analysts say the fall in oil prices may be partly related to the rise in US Treasury yields, which have curbed investors’ risk appetite.

 

Michael tran, commodity strategist at RBC Capital Markets, advised investors to “wait for the fall to end,” the report said.

 

“The market is rarely straight and we think global oil demand will see a strong rise in the summer and the current weakness period should not affect our forecast for this outlook,” he said

 

The report also said that after four consecutive days of falling, Brent crude oil and West Texas Intermediate base crude oil prices rose by about 2% on the 19th, partly because a refinery in Riyadh, Saudi capital, was attacked by drones.

 

Saudi energy ministry said oil supply was unaffected. But before that, other attacks on the country’s oil facilities have been made in the near future. Iran backed Yemeni Husser claimed responsibility for the attacks.

 

Goldman Sachs and other Wall Street banks forecast further oil prices to rise, based on long-term concerns that oil demand in major economies around the world is stronger and new supply investment is being cut too much. Goldman said it still believes Brent crude oil prices will rise to $80 a barrel this summer.

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