According to the bulk data monitoring of the business community, as of July 22, the average price of acetic acid in East China was 3612.50 yuan / ton, down 3.67% from 3750.00 yuan / ton at the end of last week, down 12.42% at the beginning of the month, and the market was weak and downward during the week. As of July 22, the market prices of acetic acid in various regions during the week were as follows:

Region, July 15, July 22, price rise and fall

South China. 3650 yuan / ton. 3550 yuan / ton., -100

In North China, 3600 yuan / ton, 3500 yuan / ton, -100

Shandong Province. 3650 yuan / ton. 3450 yuan / ton., -200

Jiangsu region. 3550 yuan / ton. 3450 yuan / ton., -100

Zhejiang region. 3650 yuan / ton. 3550 yuan / ton., -100

The domestic acetic acid market is weak and downward, the downstream demand continues to be weak, the enthusiasm to enter the market is not good, a small number of purchases are dominated by rigid demand, and the supply side of the market is relatively sufficient. In order to maintain the pace of shipment, the price of goods holders is constantly reduced, the market supply and demand game, the operator’s mentality is bearish, and the acetic acid market is weak under the mood of buying up or not buying down.

The price trend of downstream acetic anhydride continued to decline. As of the 22nd, the ex factory price of acetic anhydride was 6475 yuan / ton, down 3.00% from the price of 6675 yuan / ton on July 16. The upstream raw material market is weak, the acetic acid price is lowered, the acetic anhydride support is weakened, the downstream demand is general, and the acetic anhydride market follows the downward trend.

The downstream ethyl acetate Market was weak. As of the 22nd, the average ex factory price of ethyl acetate in East China was 7466 yuan / ton, down 0.89% from the price of 7533 yuan / ton on July 16. The decline in the upstream acetic acid Market eased the cost pressure to a certain extent, but the downstream demand was sluggish, resulting in the weak operation of the ethyl acetate Market.

According to the acetic acid analysts of business club, the supply and demand game in the domestic acetic acid market continues, the on-site supply is relatively sufficient, the downstream demand continues to be weak, the price of cargo holders is lowered, the profit is transferred, the downstream market entry is still not significantly improved, and the on-site bearish is obvious. Considering that the acetic acid price has fallen near the cost line, it is expected that the acetic acid price will fluctuate slightly in the future, and the overall market is weak. Pay attention to the downstream follow-up.

1、 Price trend

According to commodity data monitoring, titanium dioxide prices fell this week. The average price of titanium dioxide in the four countries last week was 19000 yuan / ton, and the average price this Thursday was 18866.67 yuan / ton, with a decrease of 0.7% in the week.

2、 Market analysis

The domestic titanium dioxide market price continued to decline this week. On the whole, the export market is OK. Domestic titanium dioxide is in the off-season, the market trading is relatively light, the market is weak, the downstream wait-and-see mood is strong, the order is cautious, and the enthusiasm to buy is limited. Titanium dioxide manufacturers have great inventory pressure, and the ex factory price has been reduced. Up to now, the quotation of domestic rutile titanium dioxide is between 17500-19500 yuan / ton; The quotation of anatase titanium dioxide is between 16000-18500 yuan / ton.

In terms of titanium concentrate, the price of titanium concentrate in Panxi region was strong this week. Downstream buyers are under great pressure, mainly on the sidelines, and the actual transaction situation is general. Small and medium-sized miners are under great pressure, and their quotations are firm and stable. Up to now, the quotation excluding tax of 38-42 grade titanium ore is about 1530-1580 yuan / ton, the quotation excluding tax of 46 grade 10 titanium ore is about 2220-2280 yuan / ton, and the quotation of 47 grade 20 ore is about 2400-2450 yuan / ton. In the short term, the market price of titanium concentrate remains strong, and the transaction price of the actual order is negotiated.

In terms of sulfuric acid, the prices of domestic mainstream sulfuric acid manufacturers fell this week According to the monitoring of bulk commodity data, the domestic sulfuric acid market price fell this week, and the quotation was reduced from 922 yuan / ton last Thursday to 872 yuan / ton this Thursday, with a reduction of 5.42%. The upstream sulfur market has fallen sharply recently, and the cost support is insufficient. Downstream hydrofluoric acid, titanium dioxide, ammonium sulfate market fell slightly, downstream customers’ enthusiasm for sulfuric acid procurement is general.

3、 Aftermarket forecast

Titanium dioxide analysts at business club believed that the domestic titanium dioxide market price continued to decline this week, the domestic market was weak and declining, and the atmosphere on the floor was empty. The price of raw titanium concentrate was relatively deadlocked, the price of sulfuric acid fell, and the cost support was weak. It is expected that the titanium dioxide market will be dominated by weak and stable operation in the short term, and the actual transaction price will be negotiated.

After watching the trend of ethylene oxide on the floor for a long time, the price has been lowered again with raw materials recently. At present, the low-cost supply has fallen below the support level of 8000 yuan / ton. The price of ethylene oxide fell sharply by 500 yuan / ton in the week, because the decline in the price of ethylene at the cost side depressed the market mentality and weakened the cost side. Downstream enterprises are mainly just in need of follow-up, the performance of cement water reducer is poor, the market fell during the week, the progress of infrastructure construction was dragged down by extreme weather, and the support of demand side is weak.

Forecast: due to the lack of obvious positive support in the overall monomer market, the wait-and-see mood is very strong, and the mentality of the industry is cautious and short.

According to the data monitored by the business club, as of July 19, the average price of domestic general transparent grade premium PMMA was 16775.00 yuan / ton. The price of this week was narrow and strong. Compared with the same period last week, the price was stable, the price fluctuation range was small, the quotation range of mainstream manufacturers remained at about 16500 yuan / ton, the overall PMMA market price remained stable, the focus of negotiation was stable, the price range of this week was small, and the overall market supply and demand was balanced.

This week, the average price of domestic general transparent grade premium PMMA is 16775.00 yuan / ton. The overall market is mainly stable, and the price change is not obvious. The quotation range of mainstream manufacturers remains about 16500 yuan / ton. Merchants actively ship and give up orders. Compared with last week, the price of PMMA remains unchanged. The price of PMMA is mainly stable, the overall supply and demand is balanced, and just need to purchase. At present, the focus of negotiation is stable, and the supply side is normal.

Rubber and plastic index: on July 18, the rubber and plastic index was 722 points, down 5 points from yesterday, down 31.89% from the peak of 1060 points in the cycle (2012-03-14), and up 36.74% from the lowest point of 528 points on April 6, 2020. (Note: the period refers to 2011-12-01 to now).

PMMA analysts of business news agency believe that PMMA prices are expected to run smoothly in the short term. (if you want to get more commodity information and master commodity prices, you are welcome to subscribe to the commodities of the business club through the official account of the business club. The market is an opportunity).

Price dynamics: on July 18, Sinopec North China: Qilu Petrochemical offered 8950 yuan / ton, Shijiazhuang refining and chemical offered 8950 yuan / ton, and Tianjin Petrochemical offered 9150 yuan / ton;

East China: the quotation of Yangzi Petrochemical is 9150 yuan / ton;

South China: Hainan refining and Chemical Co., Ltd. offers 9150 yuan / ton;

Central China: the quotation of Wuhan ethylene is 9150 yuan / ton;

Others: Jingbo Petrochemical offers 8650 yuan / ton, HSBC Petrochemical offers 9100 yuan / ton, Weilian chemical offers 8603 yuan / ton, and Xinhai Petrochemical offers 8800 yuan / ton.

Analysis and comments: in terms of crude oil, the market expressed doubts about the output increasing capacity of the organization of Petroleum Exporting Countries (OPEC), mainly because of its limited space for residual capacity; In addition, Saudi Arabia said it would not immediately increase oil production, and the tight supply is expected to boost oil prices.

Today, Jingbo Petrochemical reduced the price of pure benzene by 70 yuan / ton; Xinhai Petrochemical raised the price of pure benzene by 100 yuan / ton.

Crude oil rebounded last Friday, and pure benzene in the outer disk fell slightly. After the decline of pure benzene, the downstream demand followed up, and the spot price rebounded slightly. Today, the price of pure benzene in China is 8600-9150 yuan / ton.

This week (July 11-15), the domestic liquid ammonia market rebounded after falling. According to the monitoring of the business community, the weekly increase was 4.32%, and the cumulative increase this week reached 300-500 yuan. Many large factories have raised prices continuously this week, with a cumulative increase of more than 300 yuan. However, urea is still low, and the downstream demand is still weak. At present, the reduction of ammonia in the region is affected by the load reduction of some enterprises, the supply pressure is significantly relieved, and the inventory of enterprises and markets is still in the process of de stocking. As of the weekend, the mainstream price in this region is 3750-3950 yuan / ton.

From the above figure, the profit of liquid ammonia industrial chain is still in a reasonable range, and the price of liquid ammonia rebounds, but the downstream is generally relatively weak. Due to the weakening of seasonal demand, it is still difficult to stop the decline in the middle and lower reaches, such as urea and compound fertilizer. Enterprise profits meet the test, and ammonium chloride, urea and melamine all fall to varying degrees.

Business news agency believes that at present, the supply pressure of domestic liquid ammonia market has been greatly relieved. Previously, affected by the sharp downward price, the load of devices has been reduced and increased, and the influence of maintenance enterprises, the price of liquid ammonia has continued to rebound. However, considering that the decline of downstream compound fertilizer is difficult to stop, and the demand is still constrained, it is expected that liquid ammonia may not continue to rise.

Recent urea price trend

As can be seen from the above figure, the domestic urea market price fell slightly this week, from 3034.00 yuan / ton at the end of last week to 2848.00 yuan / ton at the end of this week, down 6.13%, up 3.19% year-on-year over the same period last year. On July 10, the urea commodity index was 133.40, unchanged from yesterday, down 12.43% from 152.33, the highest point in the cycle (2022-05-15), and up 139.93% from 55.60, the lowest point on August 17, 2016. (Note: the period refers to 2011-09-01 to now).

The cost support is insufficient, the downstream demand is weakened, and the urea supply is low

Judging from the manufacturer’s quotation, the mainstream ex factory price of domestic urea fell slightly this week.

According to the upstream and downstream industrial chain data, the upstream products of urea fell slightly this week as a whole: the price of liquefied natural gas fell slightly, from 5918.00 yuan / ton at the beginning of the week to 5816.00 yuan / ton at the end of the week, down 1.72%, up 47.99% year-on-year compared with the same period last year; Anthracite prices are temporarily stable. The price of melamine in the downstream of urea fell slightly this week, from 9233.33 yuan / ton last weekend to 8800.00 yuan / ton this weekend, a decrease of 4.69%.

From the perspective of demand: agricultural demand is weakening, and industrial rigid demand is dominant. Agricultural demand in some areas has been eliminated. Compound fertilizer and rubber plate factories are generally started, and just need to purchase. The price of melamine was adjusted at a low level, and the enthusiasm for urea procurement was general. There is a strong sentiment of buying up or not buying down. From the perspective of supply, some manufacturers have started maintenance, and the daily output of urea is less than 150000 tons.

Urea prices hit the bottom in the aftermarket and rebounded mainly in a narrow range

In mid July, the domestic urea market may rise slightly, dominated by consolidation. Urea analysts of business society believe that the upstream cost of urea is generally supported. The agricultural demand in the downstream is weakened, the industry just needs to improve, and the export of urea is limited. The daily output of urea is low. Recently, urea may rise in a narrow range.

On July 13, the price trend of domestic ammonium nitrate was temporarily stable. Due to different production fuels, there was a large gap in manufacturers’ quotations. The mainstream of on-site negotiation was 4600-5000 yuan / ton, and the price quotation in Hebei was 5200-5300 yuan / ton. Recently, the price of liquid ammonia in the upstream raw material market fell, and the price of nitric acid fell slightly. The rise in raw material prices has a certain cost support for the ammonium nitrate Market, but the sales of the downstream civil explosive industry have come to an end, and the on-site supply of goods has been normal recently, The market price trend of ammonium nitrate is temporarily stable, and it is expected that the price trend may decline in the later period. The market prices of ammonium nitrate in some parts of China are as follows:

Region, Price (yuan / ton), Rise and fall (yuan / ton)

Hebei region, 5200-5300., 0

Henan Province, 4500-4600., 0

Shaanxi region, 5000-5200., 0

Yunnan, 2900-3100., 0

On July 12, the mainstream quotation range of 1 × tin ingot in the domestic spot tin market was 199000-203000 yuan / ton, with an average price of 201000 yuan / ton, an increase of 8000 yuan / ton compared with the previous trading day.

On the night of the 11th, the US dollar rose sharply, the crude oil price fell significantly, and the metal market showed mixed performance last night, with Lun Xi leading the rise of 2% and Shanghai tin rising more than 3%. In the morning trading today, Shanghai tin continued its upward trend at night and continued to lead the metal market. As of the close, the Shanghai tin 2208 contract closed up 2.45%, and most of the spot market rose by 8000-10000 yuan / ton today. In terms of supply, smelters stopped production for maintenance in July, and the overall output is expected to decline in July. The downstream demand has not changed much recently, and the start-up of tin solder enterprises is generally low. In the near future, the trend of tin price is still disturbed by macro factors, and it is expected that the trend of tin price will remain wide and volatile.

1、 Price summary of mixed xylene on July 8:

Qingdao refinery quoted 8450 yuan / ton, Shijiazhuang Refinery quoted 8300 yuan / ton,

Jiujiang Petrochemical offers 8500 yuan / ton, and Yangba offers 8350 yuan / ton,

Guangzhou Petrochemical quoted 8600 yuan / ton, Maoming Petrochemical quoted 8600 yuan / ton,

Changling Refining and Chemical Co., Ltd. offers 8700 yuan / ton,

Xinhai Petrochemical offers 8500 yuan / ton.

2、 Fluctuation trend:

3、 Analysis and comments:

In terms of crude oil, although the risk of global economic recession is still on, the demand for fuel oil is strong, and the market focus returns to the fundamentals of supply shortage.

Crude oil rose on Friday, while mixed xylene in Asia continued to decline in the external market, with bad external news. Domestic market negotiation is light, mixed xylene supply is tight, and the trend is stable.