According to the statistics of the business association, the cotton yarn market has been on the decline since March. As of March 15, the business association monitored the ex factory price of 21s cotton yarn in Shandong at 24225 yuan / ton.

Affected by the sharp drop of Zheng Mian, from last week, the delivery of cotton yarn Market slowed down obviously. Most yarn enterprises were mainly on the wait-and-see basis, and the quotation was temporarily stable. The prices of some products were on the high side, with a downward trend. The prices of various varieties of cotton yarn decreased by 90-500 yuan / ton. As of last week, China’s yarn inventory index was 8.8 days, China’s yarn load index was 64.4%, cotton yarn inventory of textile enterprises was 5.1 days, cotton yarn inventory of textile mills was 15.8 days, and cotton yarn load of pure cotton mills was 63.4%. Since the beginning of this year, the price of cotton yarn has been rising all the way, and it is difficult for customers to accept the frequent price adjustment in the short term.

In terms of futures, since March, the main 2105 contract of cotton yarn rose and then fell. This week, the downward trend continued. The settlement price of the main contract on the 16th was 23150 yuan / ton. Zheng Mian’s main 2105 contract fell below 15600 yuan / ton on the 16th, with a settlement price of 15590 yuan / ton. The fall of futures makes the market wait-and-see mood increase, once the cotton futures have any trouble, the cotton yarn market will be turbulent.

Downstream: by the end of last week, all cotton grey fabric inventory was 17.4 days, rayon grey fabric inventory was 18.4 days, domestic grey fabric inventory was 17.8 days; China grey fabric load index was 65.3%. From the operation point of view, grey fabric inventory decreased slightly, still at a low level. As most textile enterprises still have orders in their hands, they are also in the peak season, and there are many orders from April to May. The raw material inventory of downstream weaving factories is still relatively sufficient, and the customers who just need to buy are mainly sporadic, mainly on the wait-and-see basis.

For cotton yarn, it is greatly affected by the market of cotton. At present, the market of cotton spot has been declining since March. As of the 16th, the price of 3128b was 15989 yuan / ton, down 3.55%. The market trading is cautious. At present, the inventory of cotton yarn and grey cloth is still at a low level. In the long run, the downward space of cotton yarn price is limited, and it is expected to be adjusted mainly in the short term.

1、 Price trend

According to the data of business news agency’s block list, the price of aniline rose again this week. On March 7, the price of aniline was 11200-11500 yuan / ton in Shandong and 11400-11500 yuan / ton in Nanjing. On March 12, the price of aniline was 12300-12500 yuan / ton in Shandong and 12300-12500 yuan / ton in Nanjing, with an average price increase of 8.48% over last week, 56.54% over the beginning of the year and 96.82% over the same period last year.

2、 Analysis and comment

In terms of cost, pure benzene continued to rise with crude oil at the beginning of the week. By the middle of the week, some downstream units of pure benzene in Shandong were shut down for maintenance, resulting in a decrease in demand. As a result, the inventory of pure benzene enterprises in Shandong accumulated slightly. In addition, the price of pure benzene was weak due to the drop of styrene cash and futures. Sinopec’s listing price of 6750 yuan / ton was stable this week, supporting the price of pure benzene, with limited market decline. On Sunday (March 14), the price of pure benzene was 6400-6750 yuan / ton (average price was 6670 yuan / ton), which was the same as last week’s price and increased by 42.52% compared with the same period last year.

The price of nitric acid this week was flat compared with last week. On Friday (March 12), the production price of nitric acid in East China was 1983.33 yuan / ton. Compared with the beginning of the month, the price decreased by 0.83% and increased by 32.22% over the same period of last year.

Jiangsu Fuqiang aniline plant was overhauled, Jinling Dongying aniline plant was shut down within a week, market supply further tightened. The downstream products are still in the high profit level, the starting load is high, the demand for aniline is good, and the on-site purchasing is active. Supply was tight, aniline continued to rise in the week.

3、 Future expectation

In terms of cost, the replenishment of pure benzene from March to April at the main port is limited, and the overall profitability of the downstream of pure benzene is high, and the demand for pure benzene is good. It is expected that the speed of going to the warehouse will be improved. In addition, in March, the pure benzene maintenance unit was centralized, and the supply side was reduced. On the whole, pure benzene still has the ability of action. Continue to pay attention to the downstream market, domestic and foreign pure benzene plant trends, crude oil, the impact of external market trends on the price of pure benzene.

Good cost support; many aniline plants shut down for maintenance, market supply is tight; downstream polymerization MDI, rubber additives price is high, profit margin is good, demand for aniline is good. The market is bullish on the short-term aniline Market. If the downstream continues to actively follow up, aniline may continue to rise. Continue to pay attention to the trend of raw materials, the follow-up of downstream demand and the operation and maintenance of aniline plant.

It can be seen from the list of plastics index of business community that the plastics market has been in a weak downward trend since October 2018. In the fourth quarter of 2018, due to the sharp decline of international crude oil, all downstream chemical products such as propylene, ethylene, ethylene glycol and PTA were affected by this. The decline of raw materials brought some pressure to the plastics market and began to reduce prices one after another. In 2019, the decline of the plastics index did not stop. As the contradiction between supply and demand in the plastics market did not decrease and the market lacked obvious positive support, the price continued to bottom. It was not until 2020 that the plastic market began to stop falling and recover. In April, it officially entered the upward channel. In the past year, the overall trend showed a volatile rise, and the upward range was obvious. In 2021, under the background of the bull market of bulk commodities, the plastic market has also lived up to the expectations of the public, and has soared to a new high in nearly a decade at the beginning of the year.

According to the data monitoring of the business community, the plastic index was 715 points on March 12, 2020, and 1017 points on March 12, 2021. In the past year, the index rose 302 points, with a range of 42.25%. On March 12, 2021, the difference between the plastics index and the highest point of 1054 points (August 21, 2018) in the cycle was only 37 points, which was 351 points higher than the lowest point of 629 points (April 6, 2020) in the cycle, with a range of 61.70%. (Note: period refers to 2011-12-01 to now). Now let’s review the plastics market in the past year, which can be divided into three stages as a whole:

The first stage is from April 6 to November 30, 2020

——Market demand gradually recovers, favorable conditions continue to stack, and prices continue to rise

At the beginning of 2020, affected by the sudden world public health events, the Spring Festival holiday was extended, the downstream work was delayed, the transportation was blocked, and the market demand was greatly hit. The plastics index hit a low point of nearly a decade on April 6, 2020. Since April 7, the plastic market has stopped falling and rising. With the control of world public health events, the market has gradually returned to work. At the same time, there is a huge demand for prevention and control materials in the market. In the short term, the demand for some medical supplies and their upstream has surged. With the rapid increase of demand, polypropylene enterprises and society are caught unprepared. Petrochemical enterprises have changed production to short varieties. The production of PP fiber material has reached a historical high level, and PP meltblown also experienced a substantial expansion. Even so, under the “mask crisis”, the gap of some brands of PP products is still large, and PP and other plastic products are on the rise.

Subsequently, the implementation of the “one helmet one belt” policy stimulated the concentrated growth of helmet demand, which once again brought benefits to the plastic market. During this period, ABS, PC, EPS and other helmet materials continued to rise. In May, the operating rate of ABS petrochemical plants in China was almost at full capacity, and the operating rate of the industry was nearly 98%. The atmosphere of speculation was maintained in the yard, and the merchants mainly delivered goods at a high level. Although the share of polycarbonate in the helmet Market of electric vehicles is not large, PC market also ushered in a small peak. The demand for helmets is strong in the short term, and the market supply gap is large. Raw materials are hard to sell, and the arrival of the plastic industry maintenance season, boosting the plastic market continues to rise. With the advent of “golden nine silver ten”, the plastics market has reached new heights in the context of the continuous rise of international crude oil.

The second stage is from December 1, 2020 to January 12, 2021

——Cost support weakens, demand “cools” with weather and market declines

Until December, the cost side support weakened, the downstream demand also declined with the temperature, and most of the plastic products fell at this stage. During the period, the raw material propylene and styrene market was weak, and some downstream plants were affected by environmental protection, power and production restriction, so their acceptance ability was not strong. They mainly made up on demand, with general enthusiasm to enter the market, and the market transaction atmosphere was slightly light. Petrochemical enterprises take the lead in reducing the ex factory price, the willingness to reduce warehouse is obvious, and the support of market supply cost is weak. The merchants are pessimistic, the shipment is blocked, increase the profit margin, and actively complete the task. The weakness of the plastic market continues to January 2021.

The third stage, from January 13, 2021 to now

——Year of the ox ushers in a bull market

Under the background of commodity bull market, the rising trend of plastics market is on the stage again. The plastics index began to rise on January 13, but the market positive factors before the Spring Festival were limited, showing a steady upward trend as a whole. In the Spring Festival holiday, the plastics market was full of good news, the market broke out and ushered in a general rise. General plastics and engineering plastics were all in the red, without exception. Businesses generally open the real-time inquiry mode, and the price changes for a while.

The current PE spot three markets, LLDPE and LDPE or narrowed, but HDPE or is still strong. Due to the shortage of PE pipe terminal factory stock before the festival, with the resumption of work after the festival, the demand for downstream replenishment is relatively strong. However, the PE market is rising too fast this time, and the current market has a strong atmosphere of copying. On February 23, Liansu futures has been callback. In the short term, PE may have the risk of falling. However, in terms of demand, the current terminal enterprises are not fully started. In the later stage, with the downstream enterprises starting in succession, the peak season is coming, and the market demand is expected to be better. In the long run, PE market is still rising.

First of all, the international crude oil has been greatly increased during the Spring Festival holiday. On the one hand, the effect of national control of oil production is ideal. On the other hand, the inventory of the United States and China has declined. The sharp rise of international crude oil has driven the plasticization plate to rise collectively, and a series of chemical products such as styrene, ethylene and propylene, which are plastic raw materials, have risen one after another. Secondly, the extreme cold weather in the United States impacted the operation of local refining and related chemical production units, and chemical production fell into a state of paralysis. More than 50 petroleum and chemical plants were shut down, and COSCO, DuPont and other giants collectively delayed delivery for up to 180 days. The slow down of leading chemical production and the delay of delivery exacerbated the shortage of goods in the market. Many enterprises in the plasticizing market frequently raised their prices, and the collective price of plastic products soared.

According to the statistics of the business society, in February 2021, all plastic products rose. Among them, 8 kinds of commodities rose, 0 kinds of commodities fell and 0 kinds of commodities rose or fell in the price list of general plastic. The main commodities that rose were EPS (27.91%), PVC (23.00%) and PS (20.45%); both rose and fell by 16.45% in February.

In February 2021, there are 4 kinds of commodities rising, 0 kinds of commodities falling, and 0 kinds of commodities falling. The main commodities that rose were pet (31.71%), PA6 (22.83%) and PA66 (21.24%), with an average rise and fall of 23.65% in February.

At present, in March, the plastics index is still rising, but the increase is significantly narrower than that in the earlier period. In terms of general plastic market, the three major varieties of PE market all rose to varying degrees in the first ten days of March, among which LDPE showed the most obvious upward trend in recent seven days, with a range of 2.07%, followed by HDPE (+ 1.08%) and LLDPE (+ 0.56%). PS, PVC, EPS and ABS showed a downward trend in the past seven days, with a small range. In the engineering plastics market, PA66 and pet rose, while PA6 and PC fell slightly.

From March 11 to 12, the prices of plastic products are as follows:

On the whole, although some plastic products are weak, the range is not big. It is reported that on March 10, some enterprises of nylon resin products are still issuing price increase letters, and many enterprises continue to announce price increase. On the one hand, the cost side of chemical raw materials is still at a high level, which brings obvious support to the market. On the other hand, the international oil price continues to rise. The crude oil analysts of business community believe that with the implementation of the policy, the oil price may continue to rise in the near future. Driven by the rise of international crude oil, petrochemical futures are also rising. However, according to the merchants, due to the relatively high price, the lower reaches have strong resistance and general enthusiasm to enter the market. In order to promote the transaction, some businesses offer loose. To sum up, there is little room for the plastic market to fall, and it is expected that it will fluctuate at a high level in the near future.

On March 11, 2021, in the price rise and fall list of fluorine chemical industry, there were 1 commodity that rose, 0 commodity that fell, and 6 commodities that rose or fell to 0. Rising products include chloroform; stable products include fluorite, hydrofluoric acid, R22, aluminum fluoride, cryolite and R134a.

On March 11, the price of fluorite in the fluorine chemical raw material market rose. The price of fluorite was 2761.11 yuan / ton. The price trend of fluorite remained at a high level. Recently, some fluorite plants in China started generally, and some mines and flotation plants stopped. The fluorite supply in the plant was tight. However, the downstream market was mainly stable, and the price of fluorite was affected and the increase was limited. As of November 11, the price of fluorite in Jiangxi was 2700-2900 yuan / ton, and that in Inner Mongolia was 2500-2700 yuan / ton. It is expected that the price of fluorite will remain high and volatile in the future.

Recently, the price of some downstream refrigerants rose, and the operating rate remained low. The demand for hydrofluoric acid was general. However, due to the normal supply on the site, the price trend of hydrofluoric acid market rose slightly. As of November 11, the quoted price of hydrofluoric acid market was 10611.11 yuan / ton. Recently, the price trend of hydrofluoric acid market was mainly stable, and the operating rate of domestic hydrofluoric acid was less than 60% The supply of hydrofluoric acid is normal. Recently, the market of hydrofluoric acid on the market is general. The ex factory price of some enterprises is stable. Up to now, the mainstream of hydrofluoric acid negotiation is 10000-11000 yuan / ton. However, people on the market reflect that it is difficult for the hydrofluoric acid market to rise sharply in the near future. Business analyst Chen Ling thinks that the market of hydrofluoric acid may remain volatile.

The price trend of aluminum fluoride products is temporarily stable, the market supply is normal, and the trading market is general. The ex factory quotation of aluminum fluoride of Zhengzhou Tianrui Crystal Technology Co., Ltd. is 8500 yuan / ton, and the quotation of aluminum fluoride of Zhengzhou Zerun energy and Chemical Co., Ltd. is 8500 yuan / ton. The overall market supply of aluminum fluoride is sufficient, and the overall price of aluminum fluoride market is relatively stable.

Recently, the price of trichloromethane in Shandong has risen sharply, and the overall demand of downstream market has increased. In addition, the inventory of trichloromethane manufacturers is low. As the downstream market begins to stock, the price of trichloromethane market continues to rise. At present, the start-up of chloroform production enterprises in Shandong is high, the market spot supply is normal, the enterprise shipment situation is improved, and the market price is rising recently. At present, the quotation in Shandong is about 3800-3850 yuan / ton.

In recent years, the price trend of domestic cryolite is temporarily stable, the operation of the plant is stable, and the supply is normal. The domestic negotiation price is about 6500-7000 yuan / ton, and the actual transaction price is mainly negotiation. In general, the recent market of fluorine chemical industry is general, and it is expected that the trend of fluorine chemical industry will remain volatile in the later period.

In the near future, the price trend of downstream refrigerant R22 is temporarily stable, the price of raw material chloroform rises slightly, and the cost support is general. In the near future, the downstream gradually starts to stock, the demand side rises, and the market center rises slightly. Due to the stable price trend of hydrofluoric acid, the price of some affected refrigerants rises. Refrigerant R134a price trend fell slightly, the market is strong operation. In the near future, the start-up in the downstream remained low, but the raw material support was strong, and the refrigerant market was mainly volatile.

Price trend

According to the data monitoring of business agency, the price of phthalate after the festival was affected by the rise of crude oil, the industrial chain market rose greatly, the price of o-benzene jumped in the third order, and the power of the rise of o-benzene was sufficient. With the decline of crude oil price, the rise of the industrial chain was not supported, and the price of o-benzene fell sharply. As of March 10, Sinopec quoted 6200.00 yuan / ton of o-xylene, down 300 yuan / ton, or 4.62% from the price of 6500 yuan / ton at the beginning of March (March 1).

Crude oil market down

As can be seen from the crude oil price trend chart, WTI crude oil price fell continuously this week, down 3.15%, crude oil price fell, and downstream industry chain market was supported to decline. The price of the industrial chain of o-benzene declined, and the driving force of the rise of o-benzene decreased and the pressure of decline increased.

Mixed xylene market trend

From the price trend chart of mixed xylene, it can be seen that the mixed xylene price first fell and then rose in March, and the mixed xylene market was stable. The price of mixed xylene is stable, the cost of o-xylene is weak and the rising pressure of o-xylene is weakened, and the support for the rise of o-xylene is insufficient.

Future forecast

Bai Jiaxin, an analyst with business agency’s neighbor xylene data, said crude oil fell this week, downstream industry chain market lost support, mixed xylene prices were adjusted in weak volatility, o-benzene costs decreased, orthobenzene rising power decreased, and o-benzene prices fell. In the future, the crude oil market is not strong, the driving force of crude oil price rise is weakened, the cost of o-xylene is decreased, the pressure of the decline of o-xylene increases, and the rising power is weakened. It is expected that the price of the next market is weak and stable temporarily.

On March 9, 2021, in the price rise and fall list of fluorine chemical industry, there were 1 commodity that rose, 0 commodity that fell, and 6 commodities that rose or fell to 0. Rising products include chloroform; stable products include fluorite, hydrofluoric acid, R22, aluminum fluoride, cryolite and R134a.

On March 9, the price of fluorite in the fluorine chemical raw material market rose. The price of fluorite was 2761.11 yuan / ton. The price trend of fluorite remained at a high level. Recently, some fluorite plants in China started generally, and some mines and flotation plants stopped. The fluorite supply in the plant was tight. However, the downstream market was mainly stable, and the price of fluorite was affected and the increase was limited. As of September 9, the price of fluorite in Jiangxi was 2700-2900 yuan / ton, and that in Inner Mongolia was 2500-2700 yuan / ton. It is expected that the price of fluorite will remain high and volatile in the future.

Recently, the price of some downstream refrigerants rose, and the operating rate remained low. The demand for hydrofluoric acid was general. However, due to the normal supply on the site, the price trend of hydrofluoric acid market rose slightly. As of September 9, the quotation of hydrofluoric acid market was 10611.11 yuan / ton. Recently, the price trend of hydrofluoric acid market was mainly stable, and the operating rate of domestic hydrofluoric acid was less than 60%. Enterprises reflected that the current market situation was stable The supply of hydrofluoric acid is normal. Recently, the market of hydrofluoric acid on the market is general. The ex factory price of some enterprises is stable. Up to now, the mainstream of hydrofluoric acid negotiation is 10000-11000 yuan / ton. However, people on the market reflect that it is difficult for the hydrofluoric acid market to rise sharply in the near future. Business analyst Chen Ling thinks that the market of hydrofluoric acid may remain volatile.

The price trend of aluminum fluoride products is temporarily stable, the market supply is normal, and the trading market is general. The ex factory price of aluminum fluoride of Zhengzhou Tianrui Crystal Technology Co., Ltd. is 8700 yuan / ton, and the price of aluminum fluoride of Zhengzhou Zerun energy and Chemical Co., Ltd. is 8700 yuan / ton. The overall market supply of aluminum fluoride is sufficient, and the overall price of aluminum fluoride market is relatively stable.

In recent years, the price of trichloromethane in Shandong has been rising. The overall demand of the downstream market has not changed much. The demand for trichloromethane is general. As the downstream market begins to stock up, the market price of trichloromethane has risen slightly. At present, the start-up of chloroform production enterprises in Shandong is high, the market spot supply is stable, and the shipping situation of enterprises is improved. In order to prevent excessive warehouse pressure in the future, enterprises bid for shipping. At present, the quotation in Shandong is about 3400-3500 yuan / ton.

In recent years, the price trend of domestic cryolite is temporarily stable, the operation of the plant is stable, and the supply is normal. The domestic negotiation price is about 6500-7000 yuan / ton, and the actual transaction price is mainly negotiation. In general, the recent market of fluorine chemical industry is general, and it is expected that the trend of fluorine chemical industry will remain volatile in the later period.

In the near future, the price trend of downstream refrigerant R22 is temporarily stable, the price of raw material chloroform rises slightly, and the cost support is general. In the near future, the downstream gradually starts to stock, the demand side rises, and the market center rises slightly. Due to the stable price trend of hydrofluoric acid, the price of some affected refrigerants rises. Refrigerant R134a price trend fell slightly, the market is strong operation. In the near future, the start-up in the downstream remained low, but the raw material support was strong, and the refrigerant market was mainly volatile.

Trade name: chloroform

Latest price (March 8): 3363.33 yuan / ton

Key points of analysis: according to the monitoring of business news agency, the domestic price of chloroform was 3363.33 yuan / ton on the 8th, up 4.13% from the 7th. Affected by the low inventory and negative expectation of enterprises, the spot supply of chloroform in Shandong is tight. In addition, the price of raw material liquid chlorine in Shandong has risen by 1000 yuan / ton since the end of February, and the cost support is strong. The price of chloroform in Shandong has risen sharply. The price of chloroform in East China and South China is driven higher by the influence of Shandong.

The downstream demand recovers slowly, the overall enterprise inventory is low, and the supply side is tight. In the later stage, the price of chloroform will remain high and firm, and it may continue to rise in the short term.

On March 4, the WTI crude oil futures market in the United States rose sharply, with the settlement price of main contract at $63.83/barrel, or 2.55 US dollars or 4.16%. Brent crude oil futures market prices rose sharply, with the settlement price of main contract at $66.74/barrel, or 2.67 US dollars or 4.16%. WTI and Brent oil prices rose more than 4 per cent, reaching their highest in more than a year, mainly because OPEC and its allies agreed to maintain production basically unchanged in April, and Saudi Arabia said it would extend plans to voluntarily cut production by 1 million barrels per day.

Just on the previous trading days, international oil prices fell for three consecutive days, with oil prices falling nearly 6 per cent between February 26 and March 2. Main reason: the market forecast that opec+ might announce production increase at a recent meeting, because its member countries still have differences in production control policies. The mainstream view has previously thought that the probability of an increase of 500000 barrels per day agreed in April is relatively high. In addition, after the cold weather in the United States, the US shale oil production is expected to rise, and the atmosphere of oil price is relatively heavy, and all prices have been corrected.

On March 3, the market began to turn the wind direction, mainly due to opec+ releasing a signal of continuous production reduction, and oil price rose by less than 2%. But affected by the snowstorm in Texas, the plant operating rate last week was low, which resulted in a large accumulation of crude oil inventories, which restricted the increase of oil prices. US crude oil inventories unexpectedly increased by 21.663 million barrels to 484.6 million barrels last week, the highest weekly growth rate, and a short-term pressure on oil prices, according to EIA data released on Wednesday.

Yesterday, opec+ meeting results finally came into effect, the organization agreed to extend oil production reduction to April, OPEC leader Saudi Arabia said it would extend the plan of voluntary production reduction of 1 million barrels / day, and decide in the next few months when to gradually cancel the reduction. In addition, Russia and Kazakhstan were allowed to increase production by 13000 barrels / day and 20000 barrels / day respectively. The meeting results exceeded market expectations and pushed oil prices to a year’s high.

What will be the oil price going to do in the later period?

The business agency looks like the policy is in place and the oil price is likely to continue to rise in the near future. In the medium and long term, with the weakening of the impact of the epidemic, the global economic recovery is basically irreversible, and the demand for oil will continue to increase, especially in the fields of air and transportation. On the supply side, opec+ production control policy may turn with the acceleration of economic recovery, and the probability of increasing production in the later period is very high; in addition, high oil price will stimulate the increase of shale oil in the United States, and the supply and demand of crude oil may seek new balance under the background of economic recovery, and oil price may maintain a high level, but if the agency expects to break through $100, it may be wishful thinking.

According to the data monitoring of business news agency, the domestic cis-1,4-polybutadiene rubber market fell slightly during the week (3.1-3.5), with the price at 13000.00 yuan / ton at the beginning of the week and 12880.00 yuan / ton at the weekend, down 0.92% overall.

This week (3.1-3.5), the domestic cis-1,4-polybutadiene rubber market fell slightly. According to the monitoring of the business society, as of March 5, the price of Daqing cis-1,4-polybutadiene of PetroChina Northeast sales company was 13500 yuan / ton; the price of cis-1,4-polybutadiene of Sinopec North China sales company was stable, Qilu cis-1,4-polybutadiene was 13400 yuan / ton, Huabei warehouse was raising the price; Yanshan cis-1,3-polybutadiene was 13320 yuan / ton, Huabei warehouse was raising the price.

There is little pressure on the supply of cis-1,4-polybutadiene rubber in the market. On the one hand, the start-up of cis-1,4-polybutadiene rubber in China is generally stable. According to the understanding of the business association, the Yangtze cis-1,4-polybutadiene rubber plant continues to stop in the near future, and the start-up of Qilu, Daqing and Dushanzi is basically normal, so the overall pressure on the supply side is not.

Raw material prices rose slightly this week, the cost of cis-1,4-polybutadiene rubber has support. According to the monitoring of the business association, as of March 5, the butadiene price was 8413 yuan / ton, slightly higher than 8368 yuan / ton at the beginning of the week by 0.54%.

On the demand side, after the Lantern Festival, the downstream market started to recover gradually, and the downstream stock gradually increased, but the overall high price Shunding slightly resisted.

Future forecast: business community analysts believe that at present, the price of raw material butadiene is strong, international crude oil returns to the rising channel again, downstream demand recovers, forming a strong support for cis-1,4-polybutadiene rubber, and it is expected that cis-1,4-polybutadiene rubber will still have room to rise in the future.

Price trend

According to the data of business news agency’s block list, caprolactam domestic market continued a positive trend in early March, and the spot price kept rising. As of March 4, the average price of caprolactam sample enterprises was 14016.67 yuan / ton, up 28.20% compared with the same period in February.

quotations analysis

From the domestic caprolactam market trend in early March, the spot price fluctuated and rose, and caprolactam is still on the way of rising. Today (March 4), the price of Baling Hengyi caprolactam liquid is 14500 yuan / ton. The 450000 ton / year unit is now in normal operation and delivered by acceptance. The price of caprolactam liquid in Baling Petrochemical Company is 14500 yuan / T. The 300000 t / a unit is normally started and delivered by acceptance. In terms of upstream pure benzene, supported by a sharp drop in crude oil production capacity and a stronger cost side, the price of external pure benzene rose. Domestic pure benzene was boosted, adding up the low inventory of enterprises, and the price continued to rise. It is reported that Guangzhou Petrochemical Company has optimized its business process, realized the export of more than 3000 tons of pure benzene by sea, successfully opened up the export process of pure benzene by sea, and laid a good foundation for broadening sales channels. Domestic pure benzene port inventory continued to decline, Shandong refining inventory is not high, short-term supply is expected to be tight. It is expected that the price of pure benzene will still rise.

Future forecast

Caprolactam analysts of business society think: today, domestic caprolactam rose slightly, and the upper pure benzene market was high, which strongly supported the cost of caprolactam. Sinopec rose to boost confidence in the market. Caprolactam supply is still tight and improvement is limited. The downstream side mainly purchases on demand, and the recent single volume is warmer. It is expected that caprolactam market will be sorted out in the short term.