1、 Price trend of sodium pyrosulfite in China

According to the monitoring of the business association, the domestic sodium metabisulfite price in this week overall maintained the bottom operation. The average price of industrial grade sodium metabisulfite at the beginning of the week was 1526.67 yuan / ton, and the average price at the end of the week was 1526.67 yuan / ton, up or down 0.

2、 Market analysis

This week, the trading situation of sodium pyrosulfite market is still bleak, and the market price range of industrial grade sodium pyrosulfite is 1300-1600 yuan / ton. The prices of raw materials in the upstream market remain low, and the downstream trade entities have a strong wait-and-see attitude. The domestic sodium metabisulfite inventory keeps overstocking and the supply and demand are weak, which causes the enterprises to continuously reduce their foreign quotations, and the domestic sodium metabisulfite market price continues to operate at a weak bottom. There is no change in the external quotation of the enterprise this week. According to the understanding of the business agency, the actual transaction price is lower than the external quotation. (the above prices refer to the foreign quotations of domestic mainstream enterprises, some of which are temporarily out of their scope, and the prices are only for reference, not related to the final pricing of the manufacturer. For details, please contact each manufacturer for consultation).

This week, the domestic soda price fell by 1.32% again, the bottom of sulfur price rose by 11.38%, and the processing cost of sodium metabisulfite rose, which will support the market price of sodium metabisulfite in the future.

3、 Future forecast

Business analysts believe that strong supply and weak demand, the domestic market price of sodium pyrosulfite in the future will continue to run at a weak bottom.

1、 Price trend

At present, the price of EPS is 8187 yuan / ton, the price is rising, the EPS market trend is preferred, and the offer is generally up.

2、 Market analysis

EPS Market: EPS market price is stable, Wuxi Xingda EPS factory price, and the quotation of common materials is 8100 yuan / ton. The ex factory price of Dongying Hairong EPS is 8100 yuan / ton for common materials. The ex factory price of Jiangyin Hupao EPS is 8200 yuan / ton for common materials.

3、 Future forecast

Businesses in EPS market are still cautious in their operation. Downstream companies continue to purchase on demand, with limited on-site delivery. It is expected that EPS market will increase slightly.

According to the data of the commodity list of the business association, the average price of formaldehyde in Shandong Province recently is 873.33 yuan / ton. The current price is down 0.76% month on month, and the current price is down 24.50% year on year.

In recent years, the domestic formaldehyde market price has been stable. As of June 10, the main factory quotation in Hebei is about 760 yuan / ton, that in Shandong is 820 yuan / ton, and that in Jiangsu is 955 yuan / ton. Linyi Jinyuan Chemical has two formaldehyde production lines with an annual production capacity of 80000 tons, formaldehyde content of 37% and a load of 50%. Recently, the formaldehyde Market in Shandong Province has been running steadily, the start-up of formaldehyde enterprises has been basically stable, the supply of goods in the market is fair, the atmosphere of on-site trading and investment is weak, and the formaldehyde market has been stable.

Upstream methanol situation: in recent years, the methanol market has stopped falling and rebounded, the methanol price in Northwest China has risen partially, the market transaction atmosphere is good, the main stream of Guanzhong has risen to 1390-1500 yuan / ton, the price of goods received in Shandong and other provinces has increased with the boost of futures, the downstream and traders are active in replenishing goods, and the trading atmosphere is active, and the main factories in Gansu have stopped selling.

The orders of downstream wood board factories continued to shrink, the terminal was just in need, the formaldehyde delivery atmosphere was really light, the enterprise was under pressure, and the formaldehyde enterprise quotation was stable.

Recently, the price of methanol in the upstream stopped falling and rebounded. With the support of the cost side, formaldehyde enterprises may passively follow the rise. Therefore, the formaldehyde analyst of the chemical branch of business society predicted that the price of formaldehyde in China would mainly increase in the near future.

Price trend:

According to the data monitoring of the business agency, the acetic anhydride market fell sharply this week. The acetic anhydride market lost its cost support and the price plummeted. As of June 9, the average price of acetic anhydride quoted by enterprises was 5633.33 yuan / ton, down 7.43% compared with 6125.00 yuan / ton last weekend, and up 23.72% compared with the same period last year. This week, the price of acetic anhydride fell, the pressure of acetic anhydride drop increased, and the market of acetic anhydride fell.

Acetic acid price trend:

It can be seen from the trend chart of acetic acid price that the price of acetic anhydride rose slowly in the first ten days of May, and rose to the highest point on May 14, after which the price of acetic acid stabilized briefly and then fell sharply. As of June 9, the price of acetic acid fell by 18.10% compared with the highest point. The price of acetic acid plummeted, the cost of raw materials of acetic anhydride fell, and the pressure of acetic anhydride falling increased.

Methanol price trend:

From the methanol price trend chart, it can be seen that the methanol price rose slightly at the beginning of May, and then remained relatively stable in the middle of May. After May 13, the methanol price fell sharply. As of June 9, the methanol price dropped 6.30% compared with the highest point in May. Methanol price fell, acetic anhydride cost support fell, acetic anhydride market bearish.

Market Overview:

In general, since the middle of May, the price of raw materials of acetic anhydride has continued to decline, the cost of acetic anhydride has decreased, and the pressure of acetic anhydride decline has continued to increase. However, due to the low start-up level of acetic anhydride manufacturers in early May, the supply of acetic anhydride was insufficient, and the supply of acetic anhydride was tight, so the price of acetic anhydride did not fall with the price of raw materials. Since the end of May, the acetic anhydride manufacturers began to start work and gradually recovered. The supply of acetic anhydride increased. By June, the supply of acetic anhydride was sufficient and the price of acetic anhydride lost its support. Since June, the price of acetic acid has declined by a larger margin, the supply and demand of acetic anhydride has been basically balanced, the demand power of acetic anhydride is general, and the pressure on the cost of acetic anhydride to decline has increased. This week, the pressure on the decline of acetic anhydride broke out, and the price of acetic anhydride has plummeted.

1、 Trend analysis

As shown in the figure above, on June 8, the spot copper price was 45743.33 yuan / ton, 1.66% higher than the previous trading day, 6.71% lower than the beginning of the year, and 0.68% lower than the previous year. LME copper rebounded to close at $5676.5, or 0.31%, after a three-month contract pressure correction of $5618. Shanghai copper’s main contract rebounded after a correction of 45430 yuan, and weakened again after rising to a peak of 45960 yuan in the afternoon, up 1.28% to close at 45800 yuan.

2、 Market analysis

Linked by the sharp rebound in international crude oil prices, the market risk appetite was boosted by OPEC +’s agreement to extend the historic production reduction for one month, boosting the continuous rise of us oil and oil distribution. On the other hand, US non-agricultural data in may far exceeded expectations, increasing expectations that the economy will rebound rapidly after lifting the blockade, which boosted industrial products and metal prices. However, China is about to enter the off-season of demand in June. Since the resumption of production in China, the non-ferrous metal market has been under pressure. Downstream consumption is still weak, and it is difficult for traders to clinch deals. The operating rate of domestic refined copper poles fell month on month, but the power industry still has support.

3、 Future prospects

Based on the above situation, copper analysts of nonferrous branch of business cooperatives believe that: stimulated by macro favorable conditions, copper prices are rising, but domestic demand is facing a slack season, fundamentals are expected to weaken, and high copper prices are expected to fluctuate.

According to the bulk data monitoring of the business agency, after the continuous decline, the dichloromethane market in Shandong began to rise. This week, the average price in Shandong was about 2100 yuan / ton, and it rose to about 2200 yuan / ton at the weekend, up 4.76% in the week.

Commencement of plant capacity of the enterprise

440000 tons / year in Jinling, Shandong 80%

Dongying Jinmao 120000t / a parking

400000t / A, 90% of Luxi Chemical

Dongyue, Shandong, 280 thousand tons / year, 50%

Jiangxi Liwen 120000t / a full load line

Jiangsu Liwen 160000 tons / year 70-80%

Jiangsu Meilan 200000 tons / year 70%

300000 yuan / year, 70% in quhua, Zhejiang

Zhejiang Juhua 300000 tons / year 80%

This week, the market price of dichloromethane in Shandong Province rose sharply due to two factors. First, the overall start-up of the enterprise was relatively stable in the week, and the spot market supply was acceptable. Due to the continuous decline in the price of dichloromethane in the early stage, traders copied the bottom, and the market transaction was improved. The industry’s bullish attitude and the atmosphere of buying were promoted. The inventory of the production enterprise decreased significantly, and the intention of price fixing was good. At present, the quotation in Shandong is about 2200 yuan / ton, in Jiangxi about 2300 yuan / ton, and in East China about 2100-2300 yuan / ton. Secondly, the price of raw material liquid chlorine has stopped falling and rebounded. Some enterprises are recovering from equipment maintenance. The market supply is relatively small. In addition, the demand in the downstream market has improved. The two-way good supports the sharp rise of liquid chlorine price. At present, about 700-800 yuan / ton is in Shandong. The market price of downstream refrigerants has gradually recovered, and some quota manufacturers have strong resistance to the low price of refrigerants, and they start to hold up the price. However, the downstream demand is still weak, and the market game mood is strong.

On the other hand, the low-level adjustment of methanol market, the centralized recovery of enterprises after the completion of the maintenance, and the high port inventory have increased the pressure on the supply side of methanol market. However, at present, methanol has been at the historical low level, some enterprises are on the edge of loss, with strong intention to hold up the price and limited space for reduction. At present, the average price in Shandong is about 1612 yuan / ton. Downstream solvent film pharmaceutical industry overall demand is flat, just need to buy mainly.

According to the methane chloride data analyst of business association, at present, the dichloromethane production enterprises are at a high level of starting, the market spot supply is stable, the downstream market just needs to purchase, and the completion of goods preparation is good, the inventory pressure of dichloromethane enterprises is likely to rise, and it is expected to maintain stable operation in a short time.

1、 Price trend

According to the data of the commodity list of business association, the average price of formaldehyde in Shandong on June 2 was 880.00 yuan / ton, and the average price of formaldehyde in Shandong on June 3 was 873.33 yuan / ton, down 0.76%. The current price is 27.62% lower than that of last year.

2、 Market analysis

Recently, the price of formaldehyde in the domestic market has declined slightly. As of June 3, the price of mainstream factory in Hebei is about 715 yuan / ton, that of mainstream factory in Shandong is 810 yuan / ton, and that of mainstream factory in Jiangsu is 1065 yuan / ton. The annual output of 120000 tons formaldehyde plant in Linyi Yinhe, Shandong Province has been restarted, with the formaldehyde content of 36.7-37%. In recent years, the average price of formaldehyde in Shandong Province has been stable, the start-up of formaldehyde enterprises has been basically stable, the supply of goods in the market is fair, the atmosphere of on-site trading is weak, and the formaldehyde market has declined slightly.

Upstream methanol situation: the port has sufficient supply, high inventory has certain suppression on the methanol market, the mentality of the operators is weak, the market transaction atmosphere is weak, and the price continues to decline. Methanol market is weak and can’t support formaldehyde cost. The orders of wood board factories continue to shrink. The terminal is just in need. Formaldehyde enterprises have a general mentality. The quotation of formaldehyde enterprises is affected by poor raw material market, and the market is slightly down.

3、 Future forecast

In recent days, the price of methanol in the upstream mainly fluctuated, the cost side was not well supported, and the on-site trading atmosphere was light. Therefore, the formaldehyde analysts of the chemical branch of business society expect that the domestic formaldehyde price or weak trend will decline in the near future.

According to the price monitoring of the business agency, the domestic aggregate MDI market is in a stalemate and volatile situation. As of May 29, the average price of the domestic aggregate MDI market is 12350 yuan / ton, up 7.63% month on month, down 8.52% year on year.

This week, the MDI market was in a stalemate and volatile operation. Discussions were mainly negative, and the future mentality of the industry was different. Kostrong’s guidance price is stable this week without assessing the task volume; the guidance price of Ryanair factory is also stable with limited supply. The main factory continued to release favorable news, not receiving orders. This week coincides with the release of the new moon listing price and settlement price by the supplier manufacturers. Both upstream and downstream trading are cautious.

In terms of raw materials, pure benzene: the price of pure benzene rose this week. Due to the rise of crude oil, the center of gravity of East China pure benzene continued to push up, and the spot negotiation once rose to 3450-3530 yuan / ton. Sinopec raised the price by 150 yuan / ton to 3500 yuan / ton.

Aniline: the aniline Market is stable in the week. From the perspective of raw materials, Sinopec’s listing of pure benzene increased 150 yuan / ton to 3500 yuan / ton, and the bidding price of Jinling pure benzene was the same as that of last week. At present, the cost of aniline is hanging upside down, and the price is difficult to go down. After the restart of Tianji aniline plant, the market supply increased; and MDI factory released goods in the aniline Market, which just needs to be divided in China. Aniline market supply is sufficient, factory shipments are not smooth, high inventory. Under the pressure of high inventory, Jinling reduced the load by half. It is reported that Huatai also has the plan of reducing the negative control inventory, during which the aniline factory generally ships.

Downstream, spandex, at present, the spandex market is weak and stagnant, manufacturers start high, production capacity is not reduced, and shipping pressure is increased. The upstream raw material market is in shock and consolidation. Although pure MDI has an upward trend, it has limited support for spandex cost end. The end customer’s actual demand is not followed up much, and the order is less, so they take the goods as needed. The negotiation and transaction atmosphere is weak, and the overall market outlook atmosphere is strong. On the whole, the fundamentals are lack of substantial positive boost, and it is expected that spandex prices will be mainly weakly adjusted in the short term.

MDI analysts predict that the short-term domestic market price of aggregate MDI may continue to run in a stalemate range; if several suppliers have the same attitude, the market price may continue to be strong; if the suppliers have different business practices, the market price may inevitably decline.

1、 Price trend

This week’s weak domestic ethanol market was sorted out. According to the monitoring of business agency, the domestic ethanol market price at the beginning of the week was 5750 yuan / ton, while the domestic ethanol market price at the weekend was 5775 yuan / ton, up 0.43% in the week. The price rose 3.36% month on month and 9.79% year on year.

2、 Analysis of influencing factors

Product: this week, the domestic alcohol market was reorganized and operated, and some markets were weak. The corn alcohol market in Northeast China is stable, and enterprises wait for the price of raw materials to fall, and the quotation of enterprises remains stable; the alcohol market in East China is stable, and the quotation of individual enterprises is lowered, but the delivery situation is general; the alcohol price in Shandong is partially lowered, and the quotation of individual enterprises is lowered, and the demand is weak; the price of Henan alcohol market is sorted and operated, and the delivery of enterprises is general, and the quotation of individual enterprises is lowered ; Guangxi molasses alcohol market is waiting for operation, molasses alcohol enterprises order shipment, individual enterprises reduce the price; cassava alcohol downstream demand is weak, market negotiation is stable, cassava water free enterprise inventory is not high, price remains high; Guangdong alcohol market is stable or transaction is weak, foreign sources arrive in Guangzhou, downstream demand Weak, the market has low-cost transactions; Anhui alcohol market is reorganized and operated, and enterprise orders are shipped; Yunnan alcohol market has little change, most of Yunnan alcohol production enterprises are shut down, and enterprise shipments are general.

Logistics: this week, the logistics price is stable, the large northeast factories deliver goods in a centralized way and the regional return is less. This week, the freight of Heilongjiang Daqing Shandong Zibo is 350-400 yuan / ton (floating up and down), Anhui Nanchang 250 yuan / ton (floating up and down), Henan Sichuan 500 yuan / ton, Henan Guangdong 500-520 yuan / ton (floating up and down), Guangxi Qinzhou Guangdong Dongguan 220 yuan / ton (floating up and down).

In terms of raw materials, corn: the price of corn in China has stabilized as a whole, the market has a strong wait-and-see mentality, and attention has been paid to the auction of postnatal corn. In the near future, the supply of imported grain in South China has increased significantly, which has restrained domestic corn. The purchasing mentality of downstream feed enterprises has remained cautious, the sales mentality of traders has weakened, and the price has been revised back. Statistics show that China imported 890000 tons of corn in April 2020, an increase of 33.6% year on year.

Ethyl acetate: this week, the domestic market of ethyl acetate was stable. The ethyl acetate plant in jinyimeng, Shandong Province was shut down at the beginning of the week, and the early inventory was mainly digested, which led to the continuous decline in the operating rate of the domestic market of ethyl acetate, which eased the pressure of competition among suppliers. This week, the suppliers mainly made stable price offers. While the downstream for stable ethyl acetate purchase rigid demand, the market is relatively smooth.

3、 Future forecast

The auction price of raw material corn remains high, the price sent to the enterprise is high, the production pressure of the enterprise is high, the inventory of the enterprise is low, the order delivery is continuous, the short-term enterprise will remain high, the price of cassava raw material continues to rise, at present, the raw material of the enterprise to the port is mostly the raw material purchased in the early stage, the price does not reach the ultra-high position, the enterprise maintains normal production, but The traditional demand for tourism has entered the off-season. Business alcohol analysts expect that the short-term domestic ethanol market consolidation operation.

According to the data monitoring of business agency, the domestic br market fell slightly this week (5.25-5.29), with the price at the beginning of the week at 7873 yuan / ton and at the end of the week at 7712 yuan / ton, down 1.59% overall. On May 30, the CIS polybutadiene rubber commodity index was 23.17, which was flat with yesterday, 77.37% lower than 102.40 (2011-09-25), the highest point in the cycle, and 2.48% higher than 22.61, the lowest point on April 7, 2020.

The ex factory price of domestic Shunding rubber petrochemical factory is stable. As of May 29, the ex warehouse price of Daqing Shunding of CNPC Northeast sales company is 7600 yuan / ton. Traders mainly consume inventory, and the offer is slightly reduced by 50-100 yuan / ton.

The price of raw materials fell slightly, while the cost of cis-1,4-polybutadiene rubber was negative. According to the monitoring of the business agency, the price of butadiene was 4301 yuan / ton at the beginning of this week and 4184 yuan / ton at the end of this week, down 2.72% overall.

The petrochemical industry has started steadily, with the operating rate of domestic Shunding rubber and petrochemical plants of 50-60%. According to the monitoring of the business agency, at present, Shunding units such as Yanshan, Qilu, Maoming, Jinzhou, Daqing, Dushanzi, Sichuan, and Lande are operating normally; the early-stage shutdown of Yangzi Petrochemical is being restarted; Huayu, Shengyou and Fuxiang continue to stop.

The operating rate of downstream tire plants has slightly decreased. At present, the operating rate of all steel tire is around 70%, and that of half steel tire is around 60%. The overall demand is weak and stable.

Aftermarket forecast: business analysts believe that at present, on the one hand, the price of raw materials has fallen, on the other hand, the downstream demand has decreased compared with last week, and it is expected that the overall trend of Shunding will be stable and weak in the short term.