The commodity index of hydrogenated benzene on August 27 was 34.63, which was 0.14 points lower than yesterday, 66.05% lower than 102.01 points (2014-01-09), 15.47% higher than 29.99 points on April 07, 2020. (Note: the period refers to December 1, 2013 to now).

Summary of price adjustment of pure benzene in Sinopec (North China) in August 2020 (unit: yuan / ton)

Price adjustment amount after date adjustment

August 5 3400 + 100

In August 2020, Sinopec only raised the price once. By the end of the month, Sinopec North China pure benzene implemented 3400 yuan / ton, up 100 yuan / ton compared with the same period of last month.

It can be seen from the price trend chart of hydrobenzene in Shandong Province monitored in the above figure that the hydrobenzene market rose slightly at the beginning of the month and then fluctuated. It began to enter the downward channel in the middle of the month, and the price fluctuated slightly at 50 yuan / ton in the last ten days. At the beginning of the month, Sinopec’s pure benzene price was raised to 3450 yuan / ton on the 5th due to the price difference between internal and external markets. As a result, hydrogenated benzene enterprises raised their ex factory prices one after another, and traders followed. However, the downstream demand was limited, and the cost pressure brought by the crude benzene price hike dragged down. The high price only lasted for two days, and the price of hydrogenated benzene began to decline in the near weekend. After that, along with the downward trend of pure benzene market price, high pure benzene inventory in East China, weak external news, increased downstream unit shutdown, and poor demand for pure benzene, the market price of hydrobenzene decreased by about 100 yuan / ton, and it was consolidated for a period of time. The price of benzene continued to decline before and after 100 tons of benzene. In the last working week of August, the price of hydrogenated benzene has been maintained at about 3000 yuan / ton, and the fluctuation is not more than 10 yuan / ton. As of the end of the month, the market price of hydrogenated benzene was temporarily stable, the cost pressure of hydrogenated benzene enterprises was still large, and the inventory of petroleum benzene was still on the high side, about 265000 tons. The profit in the downstream market of pure benzene was average. Although some units shut down in the early stage were put into operation, the demand for hydrogenated benzene increased slightly. The bidding price of crude benzene increased this week, and the cost pressure of hydrogenated benzene was high.

The pure benzene market continued to decline. As of the end of the month, the port inventory was still on the high side and the supply was normal. The downstream phenol and caprolactam operating rates increased significantly, and there was a certain demand support for hydrogenated benzene. However, the downstream profit is limited, and the support for the price is not strong. Although the crude benzene price in this month is back to the level at the beginning of the month at the end of the month, the sales of crude benzene are not so good under the restriction of basic factors such as pure benzene.

Start up of some hydrogenated benzene units in August 2020

Enterprise name device status device capacity remarks

Shandong Shengyun chemical shutdown 100000 tons, restart time to be determined

Laiwu Iron and steel normal 100000 tons

The parking capacity of Shandong Jinneng Chemical Co., Ltd. is 100000 tons to be determined

Shanxi sanwei parking 200000 tons to be determined

Shandong Huineng chemical normal 200000 tons

In the near future, there are still many overhauls in hydrogenated benzene enterprises, but the overall operating rate has increased, which can reach more than 60%, slightly higher than that in the previous period.

In the future, the business agency believes that the market cost pressure of hydrogenated benzene remains, the price of pure benzene has fluctuated downward in the near future, and there are still many negative fundamentals. It is expected that the future market of hydrobenzene will be mainly affected by the impact, and the fluctuation will be limited.

On August 27, the price of silicon metal (441) was basically stable. According to business agency data, on August 27, the average market price of domestic silicon metal (441) was 11208.33 yuan / ton, an increase of 1.97% compared with the average market price of 10991.67 yuan / ton at the beginning of the month (8.1); 10491.67 yuan / ton of market average price of the year (7.1), an increase of 6.83%; compared with the average market price of 11833.33 yuan / ton at the beginning of the year (1.1), a decrease of 5.28%.

List of 441 silicon prices in different regions on July 27

The price range of silicon metal in Fujian is 10700-10800 yuan / ton, that of Sichuan is 11000-11100 yuan / ton, that of Kunming is 10900-11000 yuan / ton, that of Shanghai is 11700-11900 yuan / ton, that of Tianjin port is 11300-11500 yuan / ton, and that of Huangpu port is 11200-11400 yuan / ton 。

Influencing factors of silicon market in August

In early August, Chongqing Hunan silicon factory planned to resume production. In July, silicon price recovered and some manufacturers were willing to resume production.

2. Due to the impact of public health events, the transportation of raw materials and finished products in Xinjiang silicon plant was hindered. Some downstream customers switch to other regions for stock purchase.

3. Affected by the flood situation in Sichuan Province and the rainstorm, the operating rate of silicon plants in Southwest China has decreased slightly.

At present, transportation problems still exist in Xinjiang and Sichuan, some downstream cross regional replenishment reservoirs; although August is the wet season, the operating rate is not significantly increased due to the impact of production cut in some regions; domestic supply and demand is relatively stable, and the metal silicon export volume in import and export is relatively warm, and it is still low year-on-year.

According to customs data, in July 2020, the export volume of silicon metal was 45000 tons, with a month on month increase of 51.5% and a year-on-year decrease of 18.9%.

Overview of silicon metal export from January to July

Monthly export volume (10000 tons) year on year

1&2 9.5 -9.4

3 8.2 14

4 4.9 -12.5

5 3.1 -53.6

6 2.97 -48.5

7 4.5 -18.9

Future forecast

There are signs of recovery in exports. At present, domestic supply and demand are basically balanced. It is expected that silicon prices will continue to run smoothly in the near future.

According to the monitoring of the bulk data of the business agency, the dichloromethane market in Shandong has been running at a high level recently. As of August 26, the average price of dichloromethane in Shandong was about 2380 yuan / ton, up 6.73% compared with the beginning of the month and 5.78% higher than the same period of last month.

Production capacity and operation of the enterprise

Jinling, Shandong Province: 440000 tons / year, 90%

Dongying Jinmao 120000 tons / year parking

Luxi Chemical Industry: 400000 tons / year: 90%

Shandong Dongyue: 280000 tons / year: 70%

Jiangxi Liwen: 120000 tons / year: 70%

Jiangsu Liwen 160000 tons / year full load

Jiangsu Meilan 200000 tons / year 70%

Quhua, Zhejiang: 300000 yuan / year: 70%

Zhejiang Juhua 300 kt / a normal operation

At present, the dichloromethane market in Shandong Province is at a high level, and the overall operation of enterprises has reached a high level, and the market supply is expected to continue to increase. As the price rises to a high level and the downstream market demand is flat, there is a strong wait-and-see atmosphere in the industry, and some of the receivers have a certain bearish mentality. At present, the price of dichloromethane in Shandong is about 2380-2400 yuan / ton, that of Jiangsu Liwen is about 3000 yuan / ton, and that of Jiangxi Liwen is about 2400 yuan / ton.

In terms of upstream market, methanol market continued to decline, while downstream market acceptance intention was flat. Although some enterprises successively issued maintenance plans, they did not have a substantial positive impact on the market, at present, it was about 1615 yuan / ton; the liquid chlorine market has been running steadily recently, the enterprise shipment situation has recovered, and the market operating rate is still high, which is about 80%. At present, the mainstream quotation in the industry is 600-800 yuan/ About tons.

In the downstream market of refrigerants, the production of the manufacturers is at a low level, and the demand for refrigerants is light. The peak season for the stock preparation of the automobile industry has passed, and the purchase of refrigerants has sharply decreased. On the whole, the demand side continues to be depressed, and the manufacturers’ sales are under pressure, and the trading center is moving downward. Some enterprises are facing the situation of upside down shipment, and the market is not optimistic. The pharmaceutical and agricultural solvent industry starts smoothly Dichloromethane support is insufficient.

Business Club methane chloride data analysts believe that Shandong dichloromethane market high stable, spot supply is sufficient, enterprise inventory pressure is not big, but the downstream market has a strong wait-and-see atmosphere in the near future, it is expected to maintain stable operation in a short time, it is necessary to pay attention to the inventory situation of enterprises.

1、 Price trend

According to the monitoring data of the business agency, the average ex factory price of ammonium sulfate in China on August 17 was 583 yuan / ton, while that on August 21 was 578 yuan / ton. The price fell by 0.86% this week.

2、 Market analysis

The price of domestic ammonium sulfate fell slightly this week. The main ex factory quotation of ammonium sulfate in Central China is about 550-650 yuan / ton, that of Henan Province is 530-580 yuan / ton, that of Hebei Province is 470-550 yuan / ton, that of Shandong Province is 500-570 yuan / ton, that of East China is 550-650 yuan / ton, that of North China is 500-650 yuan / ton The main ex factory quotation of ammonium sulfate is 520-630 yuan / T.

This week, some enterprises in the downstream compound fertilizer market increased their prices, but the market demand is still insufficient, and there are not many new orders. The urea range of compound fertilizer raw material is adjusted, and the trend of monoammonium phosphate is not good, and there is a strong wait-and-see atmosphere in the industry. Compound fertilizer market stable operation in the short term.

3、 Future forecast

Business Club ammonium sulfate analysts believe that the current coking grade ammonium sulfate market demand is poor, the market continues to fall. Internal grade ammonium sulfate export order is good, the price is always firm. It is expected that ammonium sulfate will be the main finishing agent in the short term.

The prices of fluorite and hydrofluoric acid in the upstream were stable slightly, while the prices of aluminum fluoride remained stable. According to business agency data, the domestic price of aluminum fluoride on August 21 was 8833 yuan / ton, which was flat compared with the beginning of the week.

The price of fluorite in the domestic market dropped slightly, with a weekly decrease of 0.42%. The domestic fluorite manufacturers operated stably, and the mines and flotation devices started to operate normally. The fluorite in the yard was not in good condition, and the market price of fluorite decreased slightly. In recent years, the downstream hydrofluoric acid market price has declined, and the terminal downstream on-demand procurement is dominated, and the purchasing sentiment is not strong. Impact on the downstream aluminum fluoride Market and weaken the cost support.

Affected by the price decline of raw materials such as fluorite upstream, the bearish sentiment in the aluminum fluoride market has increased. In addition, the overall operating rate of aluminum fluoride is too high. Recently, there is a narrow downward trend in the on-site talks. At present, the overall performance of the aluminum fluoride market is relatively stable, and some aluminum fluoride manufacturers reduce the shipment prices.

The aluminum fluoride industry analysts of the chemical branch of the business society believe that: the upstream fluorite prices are on a downward trend, and the current aluminum fluoride inventory is increasing. It is expected that the aluminum fluoride market will be reduced in the near future.

1. Price trend

According to the data from the business club’s bulk list, the domestic propylene (Shandong) market price rose slightly this week, with the weekly low price of 6956 yuan / ton at the beginning of the week, and the weekly high price of 6978 yuan / ton at the weekend, with a weekly increase of only 0.33%.

2、 Analysis and comment

According to the price chart of business agency, the recent price of propylene fluctuates periodically, and the price range of recent fluctuation has broken through. At the beginning of August, the price was at the high level in the range. Since the end of the week, the price of some enterprises has been slightly up and down. On the 5th, it has been stable. From 6th to 10th, the first round of rising trend of breaking through the range of this month will be started. On the 11th, the prices of some enterprises will be generally stable. On the 14th, the prices of some enterprises will continue to decline. On the 17th, the prices will be stable, and on the 18th, they will rise partially Today’s price is flat again. The market transaction is still between 6950 yuan / ton and 7250 yuan / ton, and the mainstream price is about 6950 yuan / ton. Propylene manufacturers to ship smoothly, inventory pressure is small.

On August 20, crude oil prices declined slightly, which had limited impact on propylene market.

Recently, PP futures market is optimistic, spot prices continued to rise slightly, with a weekly increase of 0.84%, which may have a good impact on propylene.

This week, acrylic acid Market Volatility rose, the weekly rise of 0.93%, on the propylene small pull up effect.

Propylene oxide market rose slightly this week, with a weekly increase of 1.80%, which has a positive impact on propylene.

This week, epichlorohydrin price rose over the weekend, with a weekly increase of 1.30%, which had a slight positive impact on propylene.

The domestic price of n-butanol declined slightly this week, with a weekly decline of 0.29%, which had a slightly negative impact on propylene.

Octanol market rebounded after the decline this week, with a weekly decline of 0.71% and a weekly amplitude of 1.42%, which had a small negative impact on propylene.

Isopropanol market rose significantly in the second half of this week, and the weekly increase reached 6.02%, which had a significant positive impact on propylene.

East China phenol rose slightly this week, with a weekly increase of 0.45%, which had a slight positive impact on propylene.

East China acetone rose significantly this week, with a weekly increase of 7.56%, which had a greater effect on propylene.

3、 Future forecast

According to the propylene analyst of the chemical branch of the business society, there is no pressure on the inventory of the propylene manufacturers, the crude oil price has dropped slightly, and most of the profit space in the downstream has picked up, and the overall market purchasing enthusiasm is good. At present, the market situation of propylene is fair, but the price is already at a high level, so it is expected that the price of propylene will be mainly flat.

1、 Price trend of epichlorohydrin

(Figure: P value curve of epichlorohydrin product)

2、 Market analysis

Recently, epichlorohydrin market is mainly stable. As of August 19, the average price quoted by epichlorohydrin enterprises was 10266.67 yuan / ton, which was flat compared with the beginning of the week, and increased by 3.01% compared with July 19.

At the beginning of the week, the average quoted price of epichlorohydrin enterprises was 10266.67 yuan / ton. The price of raw material propylene was high, and the superimposed supply was too tight to support. The shippers offered their prices. The downstream operation was cautious, and the atmosphere of market real offer negotiation was light. On the 19th, the price of raw material propylene market rose slightly, but the downstream inquiry enthusiasm was not high, small orders just needed to replenish, and most of the shippers made stable offers, and the market continued to wait-and-see attitude. The epichlorohydrin commodity index on August 19 was 72.50, flat with yesterday, down 45.78% from 133.71 (October 29, 2019), and 54.75% higher than 46.85, the lowest point on September 07, 2016. (Note: period refers to 2011-09-01 to now)

According to the data monitoring of the business agency, the price of epichlorohydrin of some enterprises is summarized (for reference only, the spot price of merchants is subject to the market, and the actual transaction price is mainly negotiated.)

Enterprise market price specification date

Jinan aochen Chemical Co., Ltd. 9800 yuan / T premium product; 99.9% Min: 2020-08-19

It is 9800 yuan / T superior product of Aite (Shandong) new material Co., Ltd.; 99.9% Min: 2020-08-19

Jinan Mingyu Chemical Co., Ltd. 9800 yuan / ton national standard 99.9-2020-08-19

Zibo tengshuo economic and Trade Co., Ltd. $9600 / T, excellent products; 99.9% Min: 2020-08-18

Jinan planhua Chemical Co., Ltd. $9800 / T national standard 99.9-2020-08-18

Upstream propylene, on August 19, the price of propylene market in Shandong region rose slightly. According to the price chart of business agency, the recent price of propylene fluctuates periodically, and the price range of recent fluctuation has broken through. At the beginning of August, the prices were at the high level in the range. Since the end of the week, the prices of some enterprises have been slightly up and down, and they have remained stable on the 5th. From 6th to 10th, the first round of rising trend of breaking through the range of this month was started. On the 11th, the prices of some enterprises went down, and on the 14th, the prices continued to decline. On the 17th, the prices continued to maintain stability, and on the 18th, they began to rise partially, but still More than half of the enterprises’ prices have not changed. The current market turnover is between 6950 and 7250 yuan / ton, and the mainstream price is about 6950 yuan / ton. Propylene manufacturers to ship smoothly, inventory without pressure.

Downstream epoxy resin: on August 19, the downstream epoxy resin made a high-level offer, and the shippers were free of pressure. The high-level offer was mainly based on the downstream demand.

3、 Future forecast

Epichlorohydrin analysts of the business agency believe that at present, the price of propylene raw materials has risen slightly, the cost side has certain support, and there is no inventory pressure on the spot, but the enthusiasm of the downstream market is insufficient, the buying atmosphere is quiet, and the market mentality is more cautious and wait-and-see. It is expected that the epichlorohydrin market may be stagnant in the short term, and more attention should be paid to the market information guidance.

According to the data monitoring of business agency, as of August 19, the average ex factory price of domestic butanone market was 6216.67 yuan / ton. Compared with the price on August 13, the average price increased by 182 yuan / ton, or 3.04%; compared with the price on August 1, the price increased by 150 yuan / ton, or 2.47%, with the maximum amplitude of 3.04%.

At the end of the first ten days of August, butanone market suddenly rose slightly

At the end of August 14 last week, the market of butanone suddenly went up slightly. Most of the butanone factories raised their offer prices by 100-200 yuan / ton. Then, the market was in stable operation as a whole. Some secondary markets continued to make a small increase of 150-150 yuan / ton. The reason for the small upward trend of domestic butanone market is mainly due to the parking and maintenance plan of butanone factories in Shandong and other regions since late August. It is expected that the inventory will be reduced moderately, which will stimulate the market. The pace of downstream replenishment has been improved at the end of last week, but the current inquiry atmosphere has returned to calm and the inventory is low. As of August 19, the reference ex factory price of butanone in South China was 6550 yuan / ton, increased by 250 yuan / ton compared with that at the end of last week; the reference factory price of butanone in East China was 6250 yuan / ton, increased by 150 yuan / ton compared with the end of last week; the reference factory price of butanone in North China was 5800 yuan / ton, adjusted by 100 yuan / ton compared with last weekend.

Price quotation of butanone in some areas of China (for reference only)

Regional product specifications 8 / 13 8 / 19 up and down

South China butanone purified water storage 6550 yuan / ton 6300 yuan / ton + 250 yuan

East China butanone purified water storage 6250 yuan / ton 6100 yuan / ton + 150 yuan

North China butanone purified water delivery: 5800 yuan / ton 5700 yuan / ton + 100 yuan

Export Fair, domestic inventory low, expected short-term stable price

In view of the current situation, the trading atmosphere of butanone market improved last week, and the downstream demand increased. Although the inquiry atmosphere had declined at the weekend, it gave confidence support to the market of this week and later period. At present, most of the operators are in a good mood and are expected to keep stable prices or continue to be bullish in the future. The main reason is that the demand has not been really improved, and the difficulty of downstream digestion is that the market still has a small decline. After the market situation of butanone, more attention should be paid to the changes of raw materials and demand.

According to the monitoring data of the business agency, the external price of ethylene has fallen recently. On the 16th, the average price of ethylene was 712.50 US dollars / ton, and the 18th was 693.00 US dollars / ton, down 2.74%. The current price is down 6.57% month on month, and the current price is 26.53% lower than last year.

In the near future, ethylene has shown a downward trend as a whole. Asian ethylene market prices fell, with CFR Northeast Asia closing at $725-735 per ton and CFR Southeast Asia closing at $665-675 per ton as of the 17th. The price of European ethylene market fell. As of the 17th, the European ethylene market price was FD, which closed at 690-697 US dollars / ton in northwest Europe and 683-691 US dollars / ton in CIF northwest Europe. The price of ethylene in the United States fluctuated and consolidated. As of the 17th, the price was 387-405 US dollars / ton. Generally speaking, the ethylene market in Europe and America is in a downward trend, the demand of the whole ethylene market is poor, and the trading atmosphere is cold and clear.

International: on the 17th, crude oil stopped falling and rose. The price of WTI crude oil futures market in the United States rose. The settlement price of main contracts rose by US $0.88 to US $42.89/barrel. Brent crude oil futures market prices rose, the main contract settlement price to 45.37 US dollars / barrel, up 0.57 US dollars. The main reason for the rise in oil prices was that the implementation rate of the agreement between OPEC and its allies for production reduction was about 95% to 97% in July, and the crude oil market rose. However, the oil price had been in a downward channel in the early stage, which could not support the cost of ethylene, and the external market of ethylene fell.

In recent years, the cost support and destocking operation of Styrene Market in East China continued to confront each other. The styrene market still maintained a high-frequency oscillation pattern. The market was stable in large scale and small in movement, and the narrow market was sorted out. The overall cost support of styrene remains. Today, inventory in the mainstream reservoir area is rising, the domestic operating rate is increasing, the cost support part of the goods are reluctant to sell at low prices, and the pressure of spot supply is great, which depresses the market mentality, and the price is maintained between 5200-5250 yuan / ton.

Ethylene analysts of the chemical branch of the business agency believe that: at present, the implementation rate of the oil production reduction agreement of OPEC + oil producing countries in July is close to 100%, and the oil price rebounds strongly. So business agency data analysts expect ethylene prices to rise next.

1、 Price trend

This week, the factory price of urea in Shandong Province rose slightly, and the quoted price rose from 1763.33 yuan / ton at the beginning of the week to 1796.67 yuan / ton at the end of the week, up 33.34 yuan / ton or 1.89%, down 2.62% from the same period last year. Overall, the urea market rose slightly this week, and the urea commodity index on August 14 was 83.57.

2、 Market analysis

From the manufacturer’s quotation, the mainstream urea factory price in Shandong this week rose slightly. At the end of this week, the price of urea in Yangmei plain was 1820 yuan / ton, which was 40 yuan / ton higher than that at the beginning of the week; the price of Shandong Ruixing urea was 1770 yuan / ton at the end of this week, which was 40 yuan / ton higher than that at the beginning of the week; the price of open water urea was 1800 yuan / ton this weekend, which was 20 yuan / ton higher than that at the beginning of the week.

From the perspective of market demand, the upstream liquid ammonia has dropped slightly in recent years, and the cost support is general. After the printing mark has passed, the market trading atmosphere is weakened, the domestic demand is light, and the middlemen are cautious in receiving goods. Affected by the mentality of buying up but not falling, the purchasing intention of downstream compound fertilizer and plate enterprises decreased significantly. International: on August 14, India’s RCF urea bidding results were announced: the price is CFR east coast 290.5 US dollars / ton and West Coast 289 US dollars / ton, medium scalar is about 950000 tons.

From the perspective of upstream and downstream industry chain, the upstream products of urea have been up and down this week as a whole: the price of liquefied natural gas (LNG) has dropped slightly from 2490.00 yuan / ton at the beginning of the week to 2470.00 yuan / ton at the end of the week, down 0.80%, 20.06% compared with the same period last year; the price of liquid ammonia rose slightly this week, from 3066.67 yuan / ton at the beginning of the week to 3083.33 yuan / ton at the end of the week, up 0.54% compared with last year Over the same period, the year-on-year drop of 5.13%, overall, this week’s urea cost support is weak. This week, the price of melamine in the downstream of urea rose slightly, from 5333.33 at the beginning of the week to 5366.67 yuan / ton at the end of the week, with an increase of 0.63%. The downstream rubber plate factories are generally enthusiastic about urea procurement, which has a negative impact on the urea price.

3、 Future forecast

In the middle of August, the market price of urea in Shandong was mainly fluctuated. Urea analysts of business club believe that the current agricultural demand is low, the downstream industry is generally enthusiastic about urea procurement, the support for printing mark has passed, and the market trading atmosphere is weakened. It is expected that the short-term urea market will mainly fluctuate and fall.