1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on March 20th was 936 yuan/ton, which was 0.71% lower than the average price of 943 yuan/ton on March 14th.

2、 Market analysis

This week, the domestic ammonium sulfate market prices continued to decline. The operating rate of coking enterprises remains stable, while the operating rate of their own facilities has decreased. At present, there is insufficient market demand, and downstream procurement enthusiasm is poor, resulting in a decrease in trading in the ammonium sulfate market. The international market for ammonium sulfate is weak, which is bearish for the domestic market. As of March 20th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 860 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 940-970 yuan/ton.

3、 Future forecast

An ammonium sulfate analyst from Shengyi Society believes that the market price of ammonium sulfate has been weak and declining recently. At present, there is no positive news in the ammonium sulfate market, and the domestic and international demand situation is not good. Downstream procurement is cautious. It is expected that the domestic ammonium sulfate market price will continue to weaken and decline in the short term.

According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 8196 yuan/ton on March 13th and 8130 yuan/ton on March 19th, a decrease of 0.81% during this period. LDPE (2426H) had an average price of 10000 yuan/ton on March 13th and 9800 yuan/ton on March 19th, a decrease of 2.00% during this period. HDPE (2426H) had an average price of 8437 yuan/ton on March 13th and 8420 yuan/ton on March 19th, a decrease of 0.41% during this period.

Affected by the progress of the Russia Ukraine peace talks and the easing of the situation in the Middle East, international crude oil is showing a volatile pattern, and the polyethylene market trend is weak due to the drag of crude oil costs. There is sufficient supply of products on site, but the market mentality is bearish. Manufacturers and traders tend to lower prices for sales. In March, agricultural film entered the peak season. Although downstream production increased and the order volume was relatively low, the overall demand was lower than expected, and the peak season was not strong, with limited support.

The supply side has sufficient inventory at a high level, and there is significant pressure to reduce inventory; The downstream procurement mentality is cautious, and the replenishment efforts are insufficient. It is expected that polyethylene will mainly operate weakly due to fluctuations.

This week, the average price of acrylic acid in the mainstream national market has shown an upward trend recently. As of March 18th, the benchmark price of acrylic acid in Shengyi Society was 7475.00 yuan/ton, an increase of -0.33% compared to last week (7450.00 yuan/ton).

The operating level of the acrylic acid industry remained at around 70% this week, a decrease from the previous week. This is mainly due to some acrylic acid units undergoing maintenance or load reduction production. The maintenance and load reduction of these devices have led to a decrease in the supply of acrylic acid.

In addition, changes in the price of raw material propylene have also had a significant impact on the market price of acrylic acid. Propylene is the main raw material for the production of acrylic acid. When the price of propylene rises, the production cost of acrylic acid also increases, which in turn drives up market prices. This cost driven price increase mechanism is particularly evident in the acrylic acid market. As of March 18th, the benchmark price of propylene in Shengyi Society was 6910.75 yuan/ton, an increase of 1.43% compared to the beginning of this month (6813.25 yuan/ton).

Looking ahead to the future, it is expected that the acrylic acid market will continue to maintain a strong operating trend. On the one hand, there are still issues with the shutdown and maintenance of supply side equipment, and the supply of spot goods is becoming increasingly tight; On the other hand, the intention of companies to push up their offers is still strong, and the social inventory of spot goods is limited. Under the combined action of these factors, the price of acrylic acid market will continue to rise. However, it should also be noted that the slow follow-up speed of downstream demand and the sales pressure of holders may have a certain impact on the market. Therefore, the specific increase needs to pay attention to the increase in market demand and downstream industry orders.

In summary, the continued upward trend and strong operation of the acrylic acid market this week are mainly due to tight supply. The future market trend still needs to closely monitor changes in supply and demand relationships as well as the dynamics of upstream and downstream industrial chains.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on March 14th was 943 yuan/ton, which is 2.75% lower than the average price of 970 yuan/ton on March 10th.

2、 Market analysis

This week, the domestic ammonium sulfate market continued its weak trend from last week, with prices continuing to decline. The operating rate of coking enterprises remains stable, while the operating rate of their own facilities has decreased. With the continuous decline in ammonium sulfate prices, the market’s mentality of buying up and not buying down has increased, and new orders in the market have decreased. Downstream urgent need for replenishment, insufficient purchasing intention. The international demand for ammonium sulfate has decreased, and negative factors have increased. As of March 14th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 860 yuan/ton. Domestic grade ammonium sulfate, the mainstream factory price in Shandong region is around 950-990 yuan/ton.

3、 Future forecast

An ammonium sulfate analyst from Shengyi Society believes that the market price of ammonium sulfate has been weak and declining recently. At present, the domestic and international market demand for ammonium sulfate is poor, and downstream inquiries have decreased, resulting in limited market transactions. Under the influence of negative factors, it is expected that the domestic ammonium sulfate market prices will continue to decline in the short term.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the PVC spot market fluctuated within the range this week (3.10-14), and the price performance was weak. As of Friday, the average price of SG-5 PVC carbide method in China was 4952 yuan/ton, with a decrease of 0.73% during the week.

2、 Market analysis

This week, the PVC range fluctuated narrowly, with weak prices. Some manufacturers made downward adjustments within the week, with a range of around 50 yuan/ton. The main reason is that there is not much positive news on the fundamentals, and crude oil prices have shown weak performance, leading to a decline in the futures market. PVC prices have returned to a weak trend, with a slight downward shift in the overall range. From the perspective of supply and demand fundamentals, the spot PVC market has shown loose supply and demand, and most manufacturers are operating stably. The supply pressure has not changed much, dealers’ offers are generally weak, downstream demand performance is insufficient, downstream procurement is mainly based on spot prices, inquiry and procurement enthusiasm is not high, and the market atmosphere is sluggish. The hanging order price is relatively low. Overall, it is still mainly driven by basic needs, and the trading atmosphere is average. As of now, the quotation range for PVC SG5 electric aggregate in China is mostly around 4800-4900 yuan/ton.

In terms of upstream calcium carbide, since February, the market price of calcium carbide has continued to fluctuate and decline. This week, the price has shown a stabilizing trend, and according to the commodity analysis system of Shengyi Society, it has risen by 0.64% this week. But the price is still relatively low, which has limited support for PVC.

3、 Future forecast

The PVC analyst from Shengyi Society believes that the PVC spot market is experiencing weak growth and will continue to return to a weak trend, mainly due to insufficient downstream operating rates and average demand. Market transactions are expected to be difficult to improve in the near future, and PVC prices are expected to maintain a range adjustment pattern next week.

According to the Commodity Market Analysis System of Shengyi Society, the ex factory price of ethyl acetate in China was 5650.00 yuan/ton on March 12th, an increase of 0.65% compared to the beginning of the month price of 5613.33 yuan/ton. Cost support is favorable, downstream market entry actively follows up, on-site transactions increase, and the price of ethyl acetate stabilizes and rises.

Market analysis: Since March, the market for ethyl acetate has been relatively strong and consolidated. On the raw material side, the price of acetic acid continues to rise, providing favorable cost support; On the demand side, downstream procurement is steadily following up on demand, and enterprise shipments are relatively smooth. Business owners have a positive attitude, and the focus of ethyl acetate transactions is strong and upward.

In the future, the trend of ethyl acetate raw materials is relatively strong, and the cost boost is favorable. The supply side and market capacity utilization rate have not changed much, and downstream demand follows suit. The market trading atmosphere is good, and it is expected that the price of ethyl acetate will be strong in the short term. Please pay attention to the changes in upstream market conditions and downstream follow-up situation.

Product Name: Pure Benzene

Latest price: The average market price on March 12th was 7101.33 yuan/ton, a decrease of 0.65% from the previous trading day.

Analysis: Today, the price of pure benzene in the domestic market continues to decline. The price of pure benzene has decreased in the external market, and the bearish sentiment within the market continues, resulting in insufficient demand for essential goods. Shandong’s local refining enterprises have poor shipments, downstream procurement has lowered prices, and market prices have once again decreased. The East China market followed suit and weakened. Overall, the confidence in the pure benzene market is weak, and the atmosphere in the market is sluggish. It is expected that the pure benzene market will operate weakly in the short term, and actual transactions will be discussed on a case by case basis.

According to the Commodity Analysis System of Shengyi Society, since March, the palm oil market has been dominated by bearish sentiment, with a fluctuating downward trend. On March 1st, the average market price of palm oil was 9810 yuan/ton, and on March 11th, the average market price of palm oil was 9700 yuan/ton, a decrease of 1.12%.

Negative led palm oil market oscillation and downward trend

At the beginning of March, Malaysia’s palm oil export data declined, domestic palm oil terminal demand was sluggish, market transactions were average, and multiple negative factors dominated. The domestic palm oil futures market fell and rose, with the overall decline being the main trend, while the spot market followed suit and weakened. As of March 11th, the domestic palm oil market price has fallen to 9700 yuan/ton, a decrease of 100 yuan/ton from the beginning of the month.

The palm oil analyst from Shengyi Society believes that in mid March, the estimated palm oil production in Malaysia is still at a low level, and external bullish factors are still present. The domestic palm oil market is still expected to see an upward trend in the future.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on March 10th was 970 yuan/ton, which is 1.02% lower than the average price of 980 yuan/ton on March 3rd.

2、 Market analysis

This week, the domestic ammonium sulfate market prices have weakened and fallen. The operating rate of coking enterprises remains stable, and the operating rate of their internal equipment is at a high level. As the price of ammonium sulfate continues to rise, downstream consumers have a resistance to high prices, resulting in a decrease in market transactions and a decline in ammonium sulfate prices. The decline in urea prices this week has a negative impact on ammonium sulfate. As of March 10th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 920 yuan/ton. Domestic grade ammonium sulfate, the mainstream factory price in Shandong region is around 955-990 yuan/ton.

3、 Future forecast

An ammonium sulfate analyst from Shengyi Society believes that the recent trend of ammonium sulfate market is weak and downward, and market transactions are weak. At present, downstream demand is in urgent need of support, and demand is weakening. The market is adopting a cautious and wait-and-see attitude. It is expected that the domestic ammonium sulfate market prices will continue to decline in the short term.

According to the Commodity Market Analysis System of Shengyi Society, from March 3rd to 7th, the domestic ethanol price rose from 5300 yuan/ton to 5307 yuan/ton, an increase of 0.14% during the cycle and a year-on-year decrease of 15.92%. The price of edible ethanol in the domestic market is stable with some increase, but the upward trend has slowed down. The price of raw material corn continues to operate strongly, and the production cost of corn ethanol is under pressure. Holders have a strong mentality of supporting prices and a strong focus.

In terms of cost, the price of raw material corn is stable but slightly strong, and the cost side has provided some support for alcohol prices. With the boost of cost benefits, enterprises have a strong mentality of supporting prices. The cost support of ethanol is still acceptable.

On the supply side, the overall spot supply is abundant. There are unlikely to be major favorable factors in the supply of ethanol.

On the demand side, from the demand side, Baijiu consumption support is flat; The operating rates of downstream methyl ethyl carbonate and ethyl acetate do not change significantly, and their consumption of ethanol remains stable; Other downstream chemical industries are accompanied by regular procurement, with a focus on stocking up for essential needs, resulting in limited demand boost. The short-term impact of ethanol demand is expected to break through.

In the future forecast, the overall spot pressure on the supply side of the alcohol market is not high, and the price of raw material corn is fluctuating and consolidating. Cost support still exists, and the mentality of production enterprises has been boosted. The demand side has limited follow-up, with rigid demand transactions being the main focus and spot trading being flat. Business Society’s ethanol analyst predicts that the domestic ethanol market will consolidate and operate in the short term.