1、 Price trend

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

2、 Market analysis

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

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

3、 Future forecast

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

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

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

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

Product Name: Pure Benzene

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

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

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

Negative led palm oil market oscillation and downward trend

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

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

1、 Price trend

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

2、 Market analysis

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

3、 Future forecast

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

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

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

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

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

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

This week, the epoxy propane market entered a weak stable consolidation state. According to the Commodity Market Analysis System of Shengyi Society, as of March 6th, the benchmark price of Shengyi Society’s epoxy propane was 8037.5 yuan/ton, an increase of 0.16% compared to the beginning of this month (8100 yuan/ton).

Price influencing factors:

Supply side: Lihua Yiweiyuan and Xinyue Group’s epoxy propane product facilities have been restored, with a steady increase in supply and normal market transactions.

On the raw material side: Recently, the price of propylene has risen, and the cost side is supporting epoxy propane. The price of epoxy propane is running steadily. According to the market analysis system of Shengyi Society, as of March 6th, the benchmark price of propylene in Shengyi Society was 6835.75 yuan/ton, an increase of 0.33% compared to the beginning of this month (6813.25 yuan/ton).

Downstream demand side: The downstream market is observing and following up on purchasing, and the trading atmosphere in the market is improving. New orders are still being transacted.

Market forecast:

Business Society’s epoxy propane analyst believes that the epoxy propane market has entered a weak and stable consolidation state, with supply side support temporarily stored, downstream follow-up procurement, and improved market trading atmosphere. It is predicted that the epoxy propane market price may show a volatile trend in the later stage, and more attention should be paid to changes in raw material prices.

According to the Commodity Market Analysis System of Shengyi Society, on March 5th, the reference price of cyclohexanone in the domestic market in Shandong was 8750 yuan/ton. Compared with March 1st, the reference price of cyclohexanone in the domestic market was 8925 yuan/ton, the price has decreased by 175 yuan/ton, a decrease of 1.96%.

From the commodity market analysis system of Shengyi Society, it can be seen that this week, the domestic cyclohexanone market in Shandong region showed a weak downward trend. During the week, there was insufficient support within the cyclohexanone market, and the market center continued to move towards a lower level. As of March 5th, the cyclohexanone market price in Shandong region was around 8700-8800 yuan/ton.

Market influencing factors

In terms of supply and demand: Currently, downstream users of cyclohexanone have slow demand, and the overall supply of cyclohexanone in the market is loose. The overall transmission between supply and demand is loose, which provides insufficient market support for cyclohexanone.

In terms of cost: The pure benzene market on the cost side is fluctuating and falling, and the support for cyclohexanone is also insufficient. On March 5th, the reference price of pure benzene was 7434 yuan/ton, a decrease of 1.11% compared to March 1st (7518 yuan/ton).

Market analysis in the future

At present, the trading atmosphere in the cyclohexanone market is relatively light, and there is a strong wait-and-see sentiment. The cyclohexanone data analyst from Shengyi Society predicts that in the short term, the domestic cyclohexanone market will mainly be weak and stable, and specific changes in supply and demand information need to be closely monitored.

According to the Commodity Market Analysis System of Shengyi Society, as of February 28th, the average price of acetic acid was 2800 yuan/ton, a decrease of 80 yuan/ton compared to the price of 2880 yuan/ton on February 24th, a decrease of 2.78%, and a decrease of 5.08% compared to the beginning of the month.

This week, the acetic acid market has been weakly declining, and enterprise quotations have continued to decline. On the supply side, the domestic acetic acid maintenance equipment has been restored, the utilization rate of on-site production capacity has increased, the mentality of enterprises is poor, downstream factory demand is weak, market transactions are insufficient, and enterprise shipments are not smooth. Under the game of supply and demand, acetic acid quotations have fallen.

As of February 28th, the market prices of acetic acid in various regions are as follows:

Region/ February 24th/ February 28th/ rise and fall

South China region/ 3000 yuan/ton// 2950 yuan/ton/ -50

North China region/ 2805 yuan/ton/ 2750 yuan/ton/ -55

Shandong region/ 2830 yuan/ton/ 2750 yuan/ton/ -80

Jiangsu region/ 2850 yuan/ton/ 2730 yuan/ton/ -120

Zhejiang region/ 2975 yuan/ton/ 2950 yuan/ton/ -25

The upstream methanol market is running strongly. From February 24th to 28th, the average price in the domestic market increased from 2618.33 yuan/ton to 2629.17 yuan/ton, with an overall increase of 0.41%. During the week, some downstream inquiries were made for external procurement, which boosted the mainland market and led to a strengthening of methanol prices. However, downstream consumers still have some resistance to high prices, which has restrained the increase and caused a slight fluctuation in the overall price.

The downstream acetic anhydride market has experienced a narrow downward adjustment. On February 28th, the average ex factory price of acetic anhydride was 5095 yuan/ton, a decrease of 0.29% compared to the price of 5110 yuan/ton on February 24th. The upstream acetic acid market is weak and declining, the cost of acetic anhydride is bearish, and enterprise quotations have been lowered accordingly. The demand side is lukewarm, and the price of acetic anhydride is running weakly this week.

Market forecast: Business Society’s acetic acid analyst believes that the current trading atmosphere in the acetic acid market is weak, downstream market entry enthusiasm is not high, supply side manufacturers face significant sales pressure, and the atmosphere is bearish. It is expected that the acetic acid market will continue to operate weakly in the later stage, and downstream follow-up will be closely monitored in the future.

1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of caustic soda has declined this week. The average market price at the beginning of the week was 976 yuan/ton, and the average market price over the weekend was 936 yuan/ton, a decrease of 4.1% and a year-on-year increase of 19.69%. On February 26th, the Business Social Chemical Index was 846 points, an increase of 2 points from yesterday, a decrease of 39.57% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 41.47% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1, 2011 to present)

2、 Market analysis

According to the commodity analysis system of Shengyi Society, the caustic soda market has been weak this week. The price of caustic soda in Shandong region is around 890-980 yuan/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region is stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 950-1050 yuan/ton. The price of caustic soda in Inner Mongolia region is temporarily stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 3100-3200 yuan/ton (converted to 100 yuan). This week, the overall price of caustic soda has been weak, with sufficient market supply and accumulated inventory. Downstream production of alumina and alumina has remained basically stable, and demand is stable. We are observing the market situation and expect the caustic soda price to be weak.

Business analysts believe that in the near future, the price of caustic soda has been weak due to the accumulation of market inventory and average downstream demand. The comprehensive supply-demand game predicts that caustic soda will maintain a stable operating market in the later stage, depending on downstream market demand.