According to the price monitoring of the business association, as of April 30, 2021, the average ex factory price of 1.2D * 38mm viscose staple fiber in China was 15140 yuan / ton, down 720 yuan / ton or 4.45% from the end of March. In April, the market of viscose staple fiber was weak, the market atmosphere was light, and the factory inventory increased. Affected by the original cost of raw materials, the manufacturers actively supported the price, some factories implemented monthly settlement, and there were basically no new orders, so the inventory began to accumulate. Throughout April, although the manufacturers actively supported the prices, the prices continued to drop slightly. Most manufacturers said that they were in a state of no market at present.

According to the survey, the price of viscose staple fiber has nearly doubled from 8300 yuan per ton in August last year to 16000 yuan per ton at the beginning of the year. In particular, after the year, the price soared, from 12900 / T in early February to 15800 / T, an increase of 22.5%. However, since March, the price has gradually stabilized, and the manufacturer’s quotation is about 16000 yuan / ton. Since April, the market is weak, the transaction is light, and the price has continued to fall slightly. From 15840 yuan / ton at the beginning of April to 15140 yuan / ton at the end of April, the price has decreased by 720 yuan / ton, or 4.45%.

It is reported that since the beginning of April, due to the shortage of raw material supply, the production line of a large high-end factory in the North has been arranged to be overhauled in turn, in which the output of Spunlaced non-woven fiber has been reduced by 35%, and that of textile fiber has been reduced by 20%. The market atmosphere of viscose staple fiber is light, the domestic demand is general, the export is not optimistic, the trade and investment of viscose filament is weakening, the factory inventory is increasing, and the price is loose. It is expected that the epidemic will have a greater impact on the export to India, and the market participants are pessimistic about the future.

Cotton linter and wood pulp market in upstream

Since April, the price of cotton linter has been stable, but the price is still high, and the market transaction performance is light. At present, the price of Shandong Long velvet is 4700-4800 yuan / ton.

At present, the supply of softwood pulp in the market is tight. According to the data monitoring of business news agency, the average market price of hardwood pulp in Shandong on April 29 was 5250 yuan / ton, down 250 yuan / ton compared with the average market price of hardwood pulp in Shandong at the beginning of the month (the average market price of hardwood pulp on April 1 was 5500 yuan / ton), down 4.55%.

Annual comparison of hardwood pulp prices

Downstream cotton yarn Market

The sales of yarn factory were poor, the quantity and price of rayon yarn fell, and the inventory of factory continued to increase. According to the price monitoring of the business association, as of April 30, the average ex factory price of rayon yarn (30s, ring spinning) in Shandong was 18650 yuan / ton, which was about 1000 yuan / ton lower than that in early April, a decrease of 4.87%. In April, the market of renmian yarn failed to maintain the stability of March, the price continued to fall, the market was weak, the transaction was light, and some enterprises showed signs of making profits. However, the upstream viscose staple fiber is stable and weak, and the mainstream quotation is 15100 yuan / ton. Rayon cotton downstream purchasing willingness decline, weak demand, mainly to consume inventory.

Finished product inventory of rayon yarn: in the first quarter of 2021, the final inventory days of rayon yarn reached 12.2 days, and the inventory still showed an increasing trend. At present, the inventory level has exceeded the level of the same period of last year.

Start up rate of rayon yarn industry: in the first quarter, the end start-up rate of rayon yarn was 85%. In the second quarter, there was the May Day holiday. Under the premise of weak market demand and high upstream viscose staple fiber cost, the start-up rate of rayon yarn industry or passive decline.

Rayon staple fiber orders held by rayon yarn decreased: Although rayon staple fiber orders held by rayon yarn are higher than the same period last year, they have gradually declined. According to this rhythm, it is expected that there will be a certain rigid demand for rayon staple fiber in the market around May Day.

Future forecast

On the premise that the inventory of viscose staple fiber continues to rise, the market demand is light. It is expected that the viscose staple fiber will continue to be weak, and the price is easy to fall but difficult to rise; Downstream cotton yarn market is weak, viscose staple fiber no demand support, market pessimistic attitude, prices are expected to fall slightly.

1、 Price trend of epichlorohydrin

(Figure: p-value curve of epichlorohydrin product)

2、 Market analysis

In April, epichlorohydrin market rose first and then fell. At present, the market is weak. According to the data of business news agency’s block list, as of April 27, the average price quoted by epichlorohydrin enterprises was 15133.33 yuan / ton, down 8.10% compared with last Tuesday (April 20) and up 19.47% compared with the price at the beginning of the month.

At the beginning of April, the raw material price rose slowly, the cost support rose, and the downstream epoxy resin price continued to rise. In addition, the tight spot supply in the market made the holders reluctant to sell at low prices. The market of epichlorohydrin was firm and upward. As the price rose to a high level, the downstream resistance gradually increased, the epoxy resin started at a low level in some regions, the downstream purchasing enthusiasm weakened, and the delivery pressure of the holders was under pressure, The weak focus of market negotiation and weak demand have dragged down the market of epichlorohydrin. At present, the quotations of epichlorohydrin enterprises are different, the downstream inquiry enthusiasm is poor, and the market is cautious and wait-and-see atmosphere is strong.

Upstream propylene, as of April 26, Shandong propylene market prices declined slightly. According to the price chart of the business association, the price of propylene decreased sharply in the second half of March and rose at the end of the month. At the beginning of April, the market price rose slowly, with an average daily increase of about 50 yuan / ton. From the 6th, the price rose steadily, from the 16th, it rose steadily at the rate of 50 yuan / ton every day, and from the 23rd, it began to stabilize. Today, the price finally dropped by about 50 yuan / ton. At present, the market turnover is between 8550 yuan / ton and 8700 yuan / ton, and the mainstream price is about 8550 yuan / ton.

For downstream epoxy resin, on April 27, the negotiation of liquid epoxy resin in East China went down, and the offer of local market mainstream negotiation dropped to 35000 yuan / ton in barrels. The support of cost side was weakened, the enthusiasm of downstream operation was not high, and the market center was weakened.

3、 Future forecast

Business community epichlorohydrin analysts believe that overall, the current trend of upstream and downstream is weak, and the market inquiry atmosphere is light. It is expected that the epichlorohydrin market may be weak in the short term, and more attention should be paid to market information guidance.

1、 Nitric acid market price trend chart

Nitric acid price curve

According to the monitoring of business news agency, the average price of concentrated nitric acid in China was 2300 yuan / ton on April 26, which was the same as last week.

2、 Market analysis

On April 26, Anhui Jinhe quoted 2300 yuan / ton, which was the same as last time; Wenshui Synthetic Chemical Co., Ltd. quoted 2200 yuan / ton for concentrated nitric acid and 960 yuan / ton for dilute nitric acid, which was the same as last time; Shandong helitainong nitric acid quoted 2400 yuan / ton, which was the same as last time; Shaanxi Xinghua Chemical Co., Ltd. quoted 2150 yuan / ton of concentrated nitric acid, which was the same as last time; Anhui Aodeli concentrated nitric acid quoted 2250 yuan / ton, which was the same as last time. Shandong helitai nitric acid has no inventory, the nitric acid market is good, and the nitric acid is mainly operated at high price.

Last week (4.19-4.23), according to the monitoring of business news agency, the average producer price of upstream liquid ammonia in Shandong Province was 3836 yuan / ton at the beginning of the week and 3856 yuan / ton at the weekend, up 0.52%. Downstream aniline, aniline prices rose last week. On April 18, the price of aniline in Shandong was 10200-10500 yuan / ton, and that in Nanjing was 10500 yuan / ton. On April 25, the price of aniline in Shandong was 10600-10800 yuan / ton, and that in Nanjing was 11000 yuan / ton. The average price increased by 3.21% over last week, 35.86% over the beginning of the year, and 102.52% over the same period of last year. At the beginning of the week, the average price of TDI in East China was 16333 yuan / ton, while at the end of the week, the average price was 15766 yuan / ton, down 3.47%.

3、 Future forecast

Nitric acid market is still able to move goods and cost support, business community nitric acid analysts expect, nitric acid or high price operation.

According to the statistics of Vietnam textile and clothing association, the export volume of Vietnamese textile and clothing products in 2020 is US $25billion, a year-on-year decrease of 10%, which is the first negative growth in 25 years.

COVID-19 has brought great damage to the textile and garment industry of the country. In the first quarter of 2020, China’s customs clearance led to the shortage of Vietnamese raw materials supply. Vietnam’s exports to many regions, including Europe and America, began to suffer severe damage in the second quarter. 60% of Vietnam’s imported raw materials come from China, while exports to Europe and America account for 60% of its exports. Therefore, the epidemic has brought a huge blow to Vietnam’s textile and clothing industry. Recently, the crisis of shipping container supply has brought new impact on Vietnam textile and clothing export. The soaring sea freight and transportation delay lead to the increase of production cost and a large amount of warehouse products, which affects the capital flow of enterprises.

Judging from the current situation, due to the increasing proliferation of COVID-19, there is still uncertainty in global apparel demand. Vietnam is closely following the trend of China’s relations with Europe and the United States. Previously, the goal of Vietnam textile and clothing association was to reach 39billion US dollars in textile and clothing exports in 2021, but there are three conditions for achieving this goal: one is that Europe and the United States can control the epidemic situation, the other is that China continues to purchase Vietnamese cotton yarn, and the third is that domestic enterprises can seize the opportunities brought by the FTA.

Due to the unclear market outlook, many Vietnamese yarn factories delayed investment opportunities and no new ones in 2020, and the yarn capacity in the country is expected to maintain at 8.25 million ingots in 2019.

According to the Vietnamese customs data, the total export of Vietnamese yarn in 2020 is 1.74 million tons, an increase of 1.2% year-on-year. Cotton yarn is still the main export variety, accounting for 60% of all exports. In 2020, Vietnam’s cotton yarn export volume is 1.05 million tons, down 4% year-on-year. Due to the falling cotton yarn price, the export volume of cotton yarn is 2.5 billion US dollars, down 11% year on year. In 2020, Vietnam exported 944000 tons of cotton yarn to China and South Korea, accounting for 90% of the total cotton yarn export. The export of cotton yarn to China began to resume in June 2020.

The sharp fluctuation of cotton price in 2020 makes Vietnamese enterprises cautious about signing long-term U.S. cotton import contract and China cotton yarn export contract. To minimize risk, Vietnam’s yarn mills tend to sign short-term contracts (1-3 months). As Vietnam cotton yarn is mainly exported to China, any changes in the demand and policy of Chinese cotton and cotton yarn will have an impact on Vietnam cotton consumption. In 2019 / 20, Vietnam exported 867000 tons of cotton yarn to China, an increase of 7% year-on-year, accounting for 83% of Vietnam’s total cotton yarn export. In the first half of 2020 / 21, China’s cotton yarn import to Vietnam continued to increase. The agricultural counsellor of the United States predicted that Vietnam’s cotton yarn export to China will increase by 10% in the whole year and will continue to increase in 2021 / 22.

According to the data monitoring of business news agency, the trichloromethane market in Shandong has soared again since April, with the price at 3750 yuan / ton at the beginning of the month and 4050 yuan / ton at the end of the month, an overall increase of 8.00% since April.

Since April, the overall load of methane chloride plant in Shandong has not changed much, the pressure of supply side is not big, and it still has support for trichloromethane. According to the business news agency, Jinling Dongying unit has finished full load operation after maintenance, Dongyue methane chloride unit was shut down for maintenance on April 8, Jinmao methane chloride unit was shut down, and about 90% of the units were started in Luxi.

Secondly, the price of raw material liquid chlorine is lower, the price of methanol fluctuates in a narrow range, and the cost side is bad. Since April, the price of liquid chlorine has dropped sharply, the price of methanol has fluctuated in a narrow range, and the cost side is obviously bad. According to the business news agency, the mainstream ex factory price of liquid chlorine for tank cars in Shandong Province dropped from about 2100 yuan / ton at the end of March to about 1700 yuan / ton on April 16; the price of methanol was 2377 yuan / ton at the beginning of April and 2390 yuan / ton as of April 16, with the highest price of 2395 yuan / ton and the lowest price of 2367 yuan / ton in half a month. The overall price fluctuated in a narrow range.

Finally, in April, there were still sufficient orders for downstream refrigerants, with steady start-up and rigid support for chloroform demand.

Business community methane chloride data analysts believe that although the current raw material prices fall, the cost is obviously bad, but the inventory pressure of trichloromethane production enterprises in Shandong is not big, and the downstream refrigerant still has just need to support, it is expected that the price of trichloromethane will remain high and strong in the future.

1、 Price trend

This week, the ex factory price of urea in Shandong fell, from 2116.67 yuan / ton at the beginning of the week to 2113.33 yuan / ton at the end of the week, down 0.16%, up 22.39% compared with the same period last year. On the whole, the urea market fell this week. The urea commodity index was 98.29 on April 16, with an upward trend over the weekend.

2、 Market analysis

From the manufacturer’s quotation, the mainstream factory price of urea in Shandong fell this week. Yangmei plain urea quoted 2100 yuan / ton this weekend, down 10 yuan / ton compared with the beginning of the week; Shandong Ruixing urea quoted 2120 yuan / ton this weekend, temporarily stable compared with the beginning of the week; Mingshui chemical urea quoted 2120 yuan / ton this weekend, temporarily stable compared with the beginning of the week.

Demand side: agricultural demand is mainly sporadic procurement; downstream compound fertilizer, plastic plate plant start load increased slightly, most go with the market. Supply side: at present, the operating rate of urea enterprises is about 70%, with a decrease, and the daily output is about 150000 tons. Urea plant maintenance, supply side tightening.

From the data of upstream and downstream industry chain, the upstream products of urea fell slightly this week as a whole: the price of liquefied natural gas fell slightly, from 3440.00 yuan / ton at the beginning of the week to 3390.00 yuan / ton at the end of the week, a decrease of 1.45%, a year-on-year increase of 5.06%; the price of liquid ammonia fell slightly, from 3910.00 yuan / ton at the beginning of the week to 3836.67 yuan / ton at the end of the week, a decrease of 1.88% , up 19.27% year on year. This week, the quotation of melamine in the lower reaches of urea increased slightly, from 9916.67 yuan / ton at the beginning of the week to 10050.00 yuan / ton at the end of the week, with an increase of 1.34%, 95.78% over the same period of last year. On the whole, the urea cost support this week is poor, the demand is general, and the supply is tight.

3、 Future forecast

In late April, the urea market in Shandong may rise slightly. Urea analysts of business news agency believe that the current agricultural demand procurement is cautious and the industrial demand is used as soon as it is purchased, but the supply of urea is tight, and it is expected that the domestic urea market will fluctuate slightly in the short term.

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).

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.

1、 Price trend

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.

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.

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.