1、 Price trend

According to commodity data monitoring, isopropanol prices fell this week. At the beginning of the week, the average price of isopropanol in China was 11300 yuan / ton and 10600 yuan / ton at the weekend. The price dropped by 6.19% during the week.

2、 Market analysis

Domestic isopropanol prices continued to fall this week. In the international market, isopropanol continued to decline in the United States and European markets. The demand for isopropanol in the overseas disinfectant market was lower than before, and overseas orders were reduced to varying degrees. The center of gravity of the domestic market has shifted downward, and there are more inquiries. We are mainly on a wait-and-see manner. We are very cautious in taking goods. Up to now, the negotiation range of isopropanol in Shandong Province is about 9100-10000 yuan / ton, and that of Jiangsu Province is about 9900-10000 yuan / ton. The negotiation range of isopropanol in South China is around 10000 yuan / ton.

In terms of raw materials, the domestic acetone market continued to explore the bottom, with factory settlement at the end of the month, and the spot resources on the market were slightly strained. The downstream just needed to follow up, and the overall inquiry was sluggish. The port and factory supply is sufficient. At present, Yangzhou Shiyou acetone is 7200 yuan / ton, and other factories are mostly at 7600 yuan / ton. The market negotiation range is about 7100-7700 yuan / ton. In terms of propylene, the market price of propylene in Shandong remained stable. The market turnover is between 6800-7100 yuan / ton, and the mainstream price is about 6850 yuan / ton. Now propylene manufacturers shipping general, inventory pressure is not big. Cost support is weak, isopropanol market price began to tilt downward.

3、 Future forecast

Isopropanol analysts of chemical branch of business society believe: the market price of raw material acetone continues to be low, and the market price of propylene is generally stable. Overall, isopropanol cost support is weak. On the demand side, the positive effects of foreign trade slowed down, the international market competition became increasingly fierce, and export orders were significantly reduced. It is expected that the price of isopropanol will continue to fall in the short term, and the follow-up attention will be paid to the changes in the news.

At the beginning of the week, the domestic liquid ammonia market remained stable in most regions, and the prices in some regions fell slightly. The prices in Shandong, the main production area, fell slightly, while Hebei maintained the level last week. According to the monitoring of the business agency, in Shandong area, the drop rate of liquid ammonia is about 50 yuan / ton, and the mainstream market quotation is 2700-2800 yuan / ton.

At the beginning of last week, the price of liquid ammonia in Shandong Province rose tentatively, and some large factories raised their offer of 50 yuan / ton. However, at the beginning of this week, affected by the rising inventory pressure, the liquid ammonia gradually accumulated in Shandong region, the device was stable, and the supply continued to increase, leading to certain pressure on enterprises. In addition, the liquid ammonia shipment volume decreased, and the downstream rigid procurement was dominated, and the market support was insufficient in the seasonal off-season.

In other regions, the price has been stable in recent years, and the large factories have been shipping normally. The Cangzhou unit of a factory still does not sell liquid ammonia. The supply and demand of liquid ammonia in the region are maintained in balance, and most of the prices remain at the level of last week. As of the end of the week, the price is 2700-2900 yuan / ton. In Northeast China, the downstream procurement is not reduced. Due to the maintenance of some large plants, the amount of ammonia in the region is reduced and the price is relatively firm. Therefore, the price difference between Shandong and Hebei is about 200 yuan, and the current price is 2800-3000 yuan / ton.

From the perspective of the future market, the business agency believes that the domestic liquid ammonia market did not change much at the beginning of the week, and the trend of various regions showed some differentiation. Generally speaking, the domestic liquid ammonia supply pressure still exists, especially the regional imbalance, which leads to greater supply pressure in some regions. In terms of demand, the peak season of fertilizer demand in the downstream is no longer, and the downstream purchasing power has slowed down compared with the beginning of the month, leading to the supply of liquid ammonia There are still pressure expectations in the later stage. In addition, the export of phosphate fertilizer is affected more obviously, mainly by the overseas epidemic situation, and it is unlikely to recover in the short term. Therefore, the price of liquid ammonia is expected to be weak and stable this week due to the attack of supply and demand.

1、 Price trend

According to the data of business agency, the average price of liquefied natural gas on July 16 was 2463.33 yuan / ton, which was flat compared with the previous day, increased by 0.82% compared with the beginning of the month, decreased by 1.6% on a month on month basis, and decreased by 23.02% compared with the same period last year.

2、 Analysis of influencing factors

On the 16th, the domestic LNG market remained stable, with small fluctuations in some regions and little change in mainstream liquid prices. Since July 10, the benchmark price of feed gas for conventional liquid plants in Shaanxi, Ningxia and Inner Mongolia directly supplied by CNPC has remained at 1.34 yuan / m3. Most enterprises’ profits have shrunk, and the liquid price has hovered around the cost line. Enterprises have adjusted their quotations in a narrow range according to the inventory and shipment situation, and the wait-and-see psychology has risen. In the off-season, the demand is still poor. In recent years, there is more rain in southern China, which hinders transportation. At the same time, due to frequent safety accidents and increasingly strict environmental protection around the country, the demand for downstream is shrinking. However, the market supply is still abundant, and the new maintenance enterprises are Guoxin Xiangyuan, Qian’an yihuida, Ningxia XINKEYUAN, etc., but the preliminary maintenance enterprises are gradually ended, the supply side is favorable, the support is weakened, the market supply is sufficient, and the price is stagnant.

According to the National Bureau of statistics, in June, natural gas production was 15.2 billion cubic meters, an increase of 11.3% year-on-year, 1.4 percentage points lower than that of the previous month, and the average daily output was 510 million cubic meters. In the first half of the year, 94 billion cubic meters of natural gas were produced, with a year-on-year increase of 10.3%, 1.2 percentage points faster than that in the first quarter. Imported natural gas was 8.33 million tons, with a year-on-year increase of 10.8%. In the first half of the year, imported natural gas was 48.36 million tons, with a year-on-year increase of 3.3%, 1.5 percentage points faster than that of the first quarter. Natural gas production has maintained a rapid growth, and import growth has accelerated significantly.

As of July 16, the average price of liquefied natural gas in China was 2463.33 yuan / ton, the price in Inner Mongolia was 2430-2500 yuan / ton, the price in Shaanxi was 2460-2500 yuan / ton, the price in Shanxi was around 2500 yuan / ton, and the price in Xinjiang was around 3500 yuan / ton.

Enterprise capacity rose and fell from July 16 to July 15

Inner Mongolia Shitai: 550000 cubic meters / day: 4300 yuan / ton: 4300 yuan / ton

Star Energy: 1 million cubic meters / day 4600 yuan / ton 4600 yuan / ton

Inner Mongolia Sentai: 1.2 million cubic meters / day: 2500 yuan / ton: 2500 yuan / ton

Zhongyuan green energy: 3 million cubic meters / day, 2500 yuan / ton, 2500 yuan / ton

Shengdazizhou: 1 million cubic meters / day 2440 yuan / ton 2460 yuan / ton 20 yuan

Dazhou Huixin: 1 million cubic meters / day: 2850 yuan / ton: 2850 yuan / ton

Ningxia Hongxing 1 million cubic meters / day 2540 yuan / ton 2540 yuan / ton

Qinshui Xinao — 2500 yuan / ton 2500 yuan / ton

The downstream methanol market rose slightly. Due to the strong performance of the maintenance market of some devices in Northwest China, manufacturers’ inventory pressure is not great, and the futures price is higher, the enterprise’s offer is actively following up; on the port side, after the spot price adjustment, the downstream is short of receiving high price goods The demand side is affected by factors such as rainy season and stricter environmental protection, and the traditional downstream start-up is not as expected. Although the profit of MTO is fair, the start-up is still at a low level compared with the same period last year. Some manufacturers still plan to repair in July. Short term adjustment of domestic methanol market will be maintained.

At present, the supply pressure of liquid ammonia is increasing, and the operating rate of enterprises is relatively high. Although the favorable agricultural demand in some parts such as northeast China is still continuing, it may continue to weaken in the later stage, and the industrial demand is weak for a long time. It is expected that the liquid ammonia market will remain weak in July, and the price will decline again.

Urea, in the middle of July, the market of urea in Shandong Province fluctuated slightly. According to urea analysts of the business club, the current agricultural demand is slightly down, and the single downstream industry is more active in urea procurement. In addition, with the printing mark approaching, it is expected that the short-term urea market will rise slightly.

Dichloromethane: at present, dichloromethane enterprises in Shandong Province have been running smoothly as a whole, and the market operating rate is not high. Some enterprises are still mainly for their own use, and the downstream market demand is still insufficient. Due to the cost pressure, there is little room for enterprises to reduce their prices. The market is in a dilemma of rising and falling due to the game between supply and demand. At present, the price of dichloromethane in Shandong is about 2120-2150 yuan / ton, that of Jiangsu Liwen is about 2800 yuan / ton, and that of Jiangxi Liwen is about 2300 yuan / ton, which is expected to be dominated by horizontal arrangement in the short term.

3、 Future forecast

LNG analysts from the business club believe that: in the off-season demand, the domestic natural gas market is still oversupply, and the overall situation is weak. At present, there is no good news to boost the market. Considering the production cost, enterprises support the price and wait and see the market. It is expected that the domestic LNG market will continue to stay low in the short term with little change.

1、 Price trend

According to the data from the bulk list of business associations, after half a month’s decline, pure benzene rebounded slightly this week. On July 5, the listed price of pure benzene was 2900-3300 yuan / ton (average price was 3140 yuan / ton); on Sunday (July 12), the listed price of pure benzene was 3050-3300 yuan / ton (average price was 3150 yuan / ton), which was 10 yuan / ton, or 0.32% higher than last week.

2、 Analysis and comment

This week, Sinopec’s listed price of pure benzene remained stable, and the price of pure benzene in Shandong rebounded slightly. In the first half of the week, Shandong pure benzene experienced a wave of bottoming rebound. In the second half of the week, due to the continuous impact of higher inventory, the market mentality was slightly poor and the price was stable.

On the external side, the external price fluctuated slightly this week. On Thursday (July 9), South Korea imported 414.67 US dollars / ton of pure benzene, down 7.66 US dollars / ton, or 1.81%, compared with July 3; and East China imported 428 US dollars / ton of pure benzene, up 4 US dollars / ton, or 0.94% compared with July 3.

The upstream crude oil fluctuates in the range, and the price guidance for pure benzene is small. Brent fell 0.025 U.S. dollars / barrel, or 0.06%, and WTI was stable. Compared with December 31, 2019, Brent decreased by 35.42%, and WTI decreased by 32.93%.

On the downstream side, the styrene market has improved slightly. As of July 12, the styrene price in Shandong was 5400 yuan / ton, up 33.33 yuan / ton or 0.62% compared with last week.

Aniline inventory pressure eased, the price of Shandong Province rose 100 yuan / ton. On July 10, the price of aniline in Shandong was 4200-4280 yuan / ton, and that in Nanjing was 4100-4300 yuan / ton.

3、 Future forecast

At present, it is difficult for the international oil price to rise sharply. It is estimated that the oil distribution price will fluctuate around $40 per barrel in July. In the pure benzene market, the port inventory is still high, and the large-scale equipment overhauled in the early stage has been restarted, so the market supply pressure will continue to increase in the later stage. The load of downstream phenol ketone was reduced due to maintenance, which further reduced the pure benzene.

It is expected that the price of pure benzene will be weak next week, mainly finishing.

According to the data monitored by the business agency, as of July 10, the average price of lithium iron phosphate, a high-grade power product in China, was 37000.00 yuan / ton. In July, the power market increased, but the demand was still insufficient. The overall market recovery was slow, the market competition was fierce, and enterprises were operating under pressure.

The market price range of lithium iron phosphate power type is 34500-37000 yuan / ton, and the price has not changed significantly. In July, the power orders increased, but there is still a long way to go. The price continues to maintain the cost online and offline, actively ship goods and actively yield profits. The demand is general, and the transaction atmosphere is mild. The price range of energy storage lithium iron phosphate is 28000-33500 yuan / ton, with an average price of about 30000 yuan / ton, Battery plants have purchased iron lithium materials in succession. The energy storage market has low requirements for iron and lithium, and the market competition is fierce. Lithium iron phosphate manufacturers operate under pressure. At present, the quotation of power type lithium iron phosphate enterprises is 37000 yuan / ton for Guangdong Optical Technology Co., Ltd., 37000 yuan / ton for Foshan Defang Nano Technology Co., Ltd., and 37000 yuan / ton for beiteri new energy materials Co., Ltd.

The upstream lithium carbonate has maintained stable operation this week with a slight increase in demand, but most enterprises are on the wait-and-see state on the raw material price. At present, the mainstream price range of industrial grade lithium carbonate is 32000-37000 yuan / ton, and the mainstream price range of battery grade lithium carbonate is 39000-41000 yuan / ton,

The commodity index of lithium carbonate on July 9 was 100.13, down 0.51 points from yesterday, 75.28% from 405.10 points (2018-01-07), and 1.61% higher than the lowest point of 98.54 points on October 16, 2014. (Note: period refers to 2011-09-01 to now)

On July 9, the chemical index was 667 points, unchanged with yesterday, down 34.35% from the highest point of 1016 points (2012-03-13), and 11.54% higher than the lowest point of 598 points on April 8, 2020. (Note: period refers to 2011-12-01 to now)

Business Club lithium iron phosphate analysts believe that: the market demand for lithium iron phosphate is insufficient, the enterprise competition is fierce, the transaction price continues to be on and off the cost line, all enterprises are operating under pressure, and the price is stable in the short term. (the above prices are provided by major lithium iron phosphate manufacturers all over the country and analyzed by business lithium iron phosphate analysts for reference only. Please contact relevant manufacturers for more price details.)

1、 Price trend

According to the monitoring data of business agency, the weak operation of domestic soda ash this month. The average market price in East China at the beginning of the month was about 1283.33 yuan / ton, and the average market price at the end of the month was 1266.67 yuan / ton, down 1.3% and 31.57% compared with the same period last year. On June 29, the commodity index of light soda ash was 64.96, which was the same as yesterday, decreased by 44.88% from the highest point of 117.86 point (2017-11-21), and increased by 2.87% from the lowest point of 63.15 on November 18, 2015. (Note: period refers to 2011-09-01 to now)

2、 Market analysis

According to the business agency, at present, the basic maintenance of soda ash enterprises has been completed, only a few enterprises still have maintenance plans in July, and some enterprises have good inventory clearance. The main market price of light soda ash is about 1200-1300 yuan / ton, and that of heavy soda is 1350-1400 yuan / ton. The current mainstream market price of light soda ash is about 1050-1250 yuan / ton, and the mainstream price of heavy soda ash is 1150-1250 yuan / ton. The light and stable price of light soda ash in East China is running The current mainstream market price is about 1050-1250 yuan / ton, and the mainstream market price of heavy soda ash is 1150-1250 yuan / ton.

At present, the mainstream price of domestic light soda ash and heavy soda ash Market

Regional price (yuan / ton)

North China 1200-1300 0

East China 1050-1250 0

Huazhong 1000-1100 0

Regional price (yuan / ton)

North China 1350-14000

East China 1150-1250 0

Central China 1100-1150 0

In terms of raw materials: in June, some of the two soda enterprises have completed the maintenance, and the downstream soda enterprises may purchase more industrial salt. However, due to the impact of high inventory, the supply and demand of raw salt and soda ash are still in a state of contradiction, and the market is full of wait-and-see atmosphere.

Demand: according to the current glass industry capacity utilization rate year-on-year decline, market demand accumulation. In the short term, the current downstream inventory is sufficient and still needs time to digest. The soda ash market is still mainly purchased on demand.

According to the price monitoring of the business agency, in the 25th week of 2020 (6.22-6.26), there are 0 kinds of commodities rising and 2 kinds of falling commodities in the price rising and falling list of chlor alkali industry, and there are 3 kinds of commodities that rise or fall to 0. The main commodities that fell were light soda (- 1.30%) and PVC (- 0.40%). This week, the average rise and fall was – 0.34%.

3、 Future forecast

The domestic light soda ash market is weak, the market atmosphere is light, the downstream market demand is not significantly improved, the market transaction is general, it is expected that the price of soda ash will be weak in the short term. The soda ash analysts of the business club believe that: in the near future, the maintenance and inventory removal of soda enterprises is good, and the effect of de stocking of glass enterprises is also good. In late June, the inventory of some enterprises has been maintained at a low level, and the price has begun to rise slightly. However, the overall inventory is still large, so the short-term soda ash market will still run in a weak market.

At the end of the month, the first one was the 150 kt / a acetone plant of Sinopec well 3, which was shut down for maintenance on June 28 for about 2 months. Then, Yangzhou Shiyou’s 120000 T / a acetone plant stopped sending out, and on June 30, it was shut down for 7-10 days. As soon as the overhaul news of two major manufacturers in East China came out, the confidence of acetone market was improved and the market offer was pushed up rapidly. Among them, the East China region is the most obvious. On June 28, the market offer in East China was about 9350 yuan / ton, and on the 30th, the opening price of East China was pushed up to 9700 yuan / ton, and the market inquiry increased rapidly. As shown in the figure below:

Acetone market trend in East China in June

In the view of business associations, the acetone market is supported by the demand of disinfection market, and its price has set a record. At present, the downstream application of acetone is wide, among which medicine and disinfection are just needed. There is still market space after the price returns to rational space. Under the game of supply and demand, the demand for raw materials will also increase. The business association predicts that this wave of recovery in acetone market will be short-term, and the previous market will not reappear. The short-term stability is mainly based on the reference value of 9500-9800 yuan / ton in East China, and it is still expected to continue to decline in the future.

1、 Price trend

According to the data of the business club’s large scale list, the market price of cryolite this week was stable. The average market price in Henan Province was 5600.00 yuan / ton in the week, which was flat compared with the price at the end of last week, down 12.04% compared with last year. On June 21, the cryolite commodity index was 68.02, unchanged from yesterday, down 32.79% from 101.21 (2011-10-31), the highest point in the cycle, and up 2.52% from 66.35, the lowest point on September 5, 2016. (Note: cycle refers to 2011-09-01 to now).

2、 Market analysis

The domestic price of cryolite is stable this week. As of the 19th, the price of cryolite in Shandong Province is about 5000-6800 yuan / ton, while that in Henan Province is 4800-6000 yuan / ton. Cryolite enterprises in Henan Province follow the trend of the market, and their quotations are mostly stable. The manufacturers start normal operation of their devices, have sufficient inventory, and mainly sell them according to the orders. At present, about 70% of Zhengzhou Tianrui grain Co., Ltd. has started construction, with more downstream demand and acceptable inventory; Jiaozuo Minli Industrial Co., Ltd. has a full unit load, normal operation and sufficient supply.

In terms of upstream fluorite, the price trend this week was temporarily stable. The average price of domestic market at the weekend was 2744.44 yuan / ton, which was stable compared with that at the weekend last year. At present, the domestic fluorite manufacturers operate stably, the supply of goods in the field is normal, the stock in the field is acceptable, the downstream users purchase on demand, and the goods are in general condition. Recently, the enterprises reflect that the downstream inquiry has increased, and the market price of fluorite is expected to increase slightly. In the aspect of downstream electrolytic aluminum, under the high pressure of raw material cost, electrolytic aluminum enterprises overhaul ahead of time and take the initiative to reduce production suspension, which may cause short-term shortage of supply and demand.

3、 Future forecast

According to the cryolite analysts of the business association, in terms of the supply and demand performance of the cryolite market at present, the manufacturers are operating normally with sufficient inventory, but the downstream demand is flat, and the enterprises mostly sell on a single basis. It is expected that the cryolite market will operate stably in the short term, with specific attention to the market demand.

On June 22, at the beginning of the week, the domestic adipic acid price was stable. The manufacturer’s quotation is temporarily stable, the unit maintains normal operation rate, and the inventory pressure is obvious. The market is in a state of oversupply, the downstream demand is weak, and the off-season effect is still there. At the cost end, pure benzene has dropped from a high level since last week, with a weekly decline of 1.62%, and the fundamentals are generally negative.

In terms of local markets:

The market of adipic acid in East China is stable, and the price has not changed much compared with that of last weekend, and there is little change in market inquiry. Downstream demand is still relatively weak, adipic acid price is still relatively low in history, and most dealers’ quotations go with the market. Today, the mainstream market prices are: acceptance price of Shandong source 6700-6800 yuan / ton, acceptance price of Jiangsu source 6800-6900 yuan / ton, and most downstream purchases are based on rigid demand.

The adipic acid Market in South China is also stable, with little change in price compared with the previous weekend. Most dealers reported stable market atmosphere. Dealers quoted prices on the market, and the transaction was general. Today’s mainstream market prices are: Shandong’s 6700-6800 yuan / ton acceptance price, Jiangsu’s 6800-6900 yuan / ton acceptance price, and most of the downstream purchases are just needed.

This week, adipic acid, suffering from supply pressure and weak demand, may remain weak. Prices are weak, not excluding the possibility of a small decline in prices.

According to the data monitoring of the business agency, since June, the hydrogen peroxide manufacturers have been intensively overhauling, the terminal rigid demand has increased, the price of hydrogen peroxide has been rising continuously, with an increase of over 18%, 3% at the beginning of the month, over 7% in a single day on August 8, and over 5% on November 11. As of June 18, the average market price of 27.5% hydrogen peroxide was 920 yuan / ton, up 18.45% from the beginning of June.

According to the monthly rise and fall chart of hydrogen peroxide from June 2019 to may 2020, it can be seen that the price of hydrogen peroxide is rising from February to may 2019. In June, the price of hydrogen peroxide dropped by more than 20%, and only in August saw a big rise. However, in the first five months of 2020, hydrogen peroxide rose by only 0.9% in January, fell from February to may, fell by more than 18% in February and by more than 10% in April. Four months in a row. In June, hydrogen peroxide bottomed out and rebounded. By the end of June 18, hydrogen peroxide had risen by more than 18%.

Hydrogen peroxide in 2020 is abnormal compared with 2019, mainly because the downstream terminal of hydrogen peroxide in 2020 is limited, the terminal paper printing, the board industry is in a recession, and the market of hexanolenediamine is weak. In the middle and late May, the terminal industry began to recover. In June, the main enterprises of the paper industry focused on the purchase of chitosan, and the hydrogen peroxide market continued to rise.

Terminal industry warms up the rigid demand to support the continuous strengthening of hydrogen peroxide

In June, the price of corrugated paper began to rise for two consecutive days. Driven by the upward trend of waste paper market, the price of corrugated paper packaging paper in Dongguan, Chongqing and other multi bases of Jiulong paper industry increased by 50 yuan / ton. In the following week, Liwen, Shanying and Liansheng rose strongly, and small and medium-sized paper enterprises continued to increase by 50-80 yuan / ton. On the 8th, the factory price of corrugated paper increased by 50-100 yuan / ton again, and then small and medium-sized paper enterprises increased by 50-80 yuan / ton Paper companies continue to rise 50-100 yuan / ton. In 20 days, the corrugated paper market has completed three rounds of growth, with a maximum increase of 200 yuan / ton.

According to the data monitoring of the business association, the price of caprolactam rose after the May 1st movement. As of June 18, the price of caprolactam had risen by more than 20%. Supported by the price of caprolactam, the price of hydrogen peroxide rose in June. In addition, the hydrogen peroxide manufacturer’s parking maintenance, tight supply, caprolactam and paper market soared, the manufacturer started the stock market one after another, the purchase volume of hydrogen peroxide increased, and the price rose step by step.

Tight supply of hydrogen peroxide continues to rise

In the middle and last ten days of June, during the shutdown and overhaul of some hydrogen peroxide plants, Hangzhou Mingxin hydrogen peroxide Co., Ltd. stopped for overhaul on the 16th, and Binhua will also stop for overhaul at the end of the month. Hydrogen peroxide terminal caprolactam manufacturers, sulfur dioxide urea customers, the paper industry purchase hydrogen peroxide orders increase, supply is tight, hydrogen peroxide price rising, rising for three consecutive weeks, weekly increase in 50-100 yuan / ton, as of 18 days, the average price of hydrogen peroxide Market is more than 900 yuan / ton, up more than 18%.

Li Bing, an analyst of hydrogen peroxide in business club, thinks that: the end caprolactam, paper market are rising one after another, the rigid demand for hydrogen peroxide is supported, and some hydrogen peroxide manufacturers stop for maintenance, so the price of hydrogen peroxide is easy to rise and hard to fall in a short period of time.