Raw materials fall, Shandong formaldehyde market price falls

According to the data of the commodity list of business association, the average price of formaldehyde in Shandong Province on the 16th was 873.33 yuan / ton, and the average price of formaldehyde in Shandong Province on the 17th was 860.00 yuan / ton, down 1.53%. The current price is down 1.90% month on month, and the current price is down 25.00% year on year.

 

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Recently, the price of formaldehyde in the domestic market has fallen. As of June 17, the main factory quotation in Hebei is about 760 yuan / ton, that in Shandong is 795 yuan / ton, and that in Jiangsu is 945 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 declined. The start-up of formaldehyde enterprises has been basically stable. The market supply is relatively sufficient. The on-site trading atmosphere is weak, and the formaldehyde market has declined.

 

Upstream methanol situation: Recently, the raw methanol started to decline from last Friday, with more wait-and-see orders, and the actual single transaction was light. With the inflow of port goods, the increase of inventory and the increasingly fierce market competition, formaldehyde cost cannot be supported.

 

The downstream wood board has entered the traditional off-season, the terminal demand continues to shrink, the market trading atmosphere is cold and clear, the formaldehyde enterprise shipping is difficult, and the market continues to decline.

 

Recently, the price of methanol in the upper reaches of the river has been weak, and the cost side is not well supported. Formaldehyde enterprises are under pressure. Therefore, the formaldehyde analysts of the chemical branch of the business society expect that the price of formaldehyde in China will fall mainly in the near future.

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The price of hydrofluoric acid is easy to fall and hard to rise

It can be seen from the price trend chart of hydrofluoric acid monitored by the business agency that the price of anhydrous hydrofluoric acid in China has fallen sharply since the end of March, for two consecutive months. On March 28, the price was 11520 yuan / ton, down to 8580 yuan / ton on May 28, down 25.52% in two months. Since the end of May, the price has increased slightly. As of June 16, the price of domestic hydrofluoric acid market is 8800 yuan / ton, 2.56% higher than the price at the end of May. The pressure of hydrofluoric acid market price increase is great.

 

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Since June, the market price of hydrofluoric acid in China has seen a slight increase. The most favorable factor is that the price of raw material fluorite has risen. The price of domestic fluorite has risen since late May. As of June 16, the price of domestic fluorite was 2744.44 yuan / ton, up 6.47%. The rising price of upstream raw material has driven the domestic hydrofluoric acid market higher. However, the demand of downstream hydrofluoric acid is poor, and the demand for hydrofluoric acid market is poor Purchasing is not active, and the market of hydrofluoric acid is under heavy pressure. Manufacturers report that raw materials are rising but the demand is not good, so it is difficult to support hydrofluoric acid in the “crack”.

 

The price increase of domestic fluorine chemical products since May 20 is as follows:

 

Product rise and fall on May 20, June 16 unit: yuan / ton

Fluorite 2577.78 2744.44 6.47% yuan / ton

Hydrofluoric acid 8780 8800 0.23% yuan / ton

R22 15500 15600 0.65% yuan / ton

R134a 21333.33 18333.33-14.06% yuan / ton

 

It can be clearly seen that the rise of raw material fluorite is large, but the demand of downstream refrigerant industry is not good, the price purchase of hydrofluoric acid market is not active, the domestic hydrofluoric acid market is easy to fall and difficult to rise, and the hydrofluoric acid market is difficult to support.

 

First of all, the market price of fluorite, the raw material of hydrofluoric acid, has increased by 6.47% since late May. During this period, the supply of domestic fluorite is tight, and fluorite merchants are reluctant to sell fluorite. The price of fluorite keeps rising. Although the rising price of raw material brings certain benefits to the hydrofluoric acid market, the price of hydrofluoric acid market has only increased by 0.23% during this period, and the increase range has dropped obviously Later in fluorite market.

 

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Secondly, affected by public health events, the domestic refrigerant industry demand is poor. On the one hand, the domestic demand is not good, the refrigerant industry starts to maintain less than 30%, which is not good for the upstream hydrofluoric acid market demand. On the other hand, the recent export of refrigerants has been limited to a certain extent. The overseas epidemic is serious, and the export of refrigerants has declined sharply, resulting in low prices in the domestic refrigerant industry. As of the 16th, the price of domestic R22 products is 15600 yuan / ton, and R134a products is 18333.33 yuan / ton. In recent years, the sales of the automobile industry has been in a downturn, the market price of refrigerant downstream of the terminal has been depressed, foreign special events have been serious, the export of refrigerant terminal is not smooth, in addition to the low start of domestic air conditioning industry, and the demand for maintenance and after-sales is weak. As a whole, domestic and foreign demand are not as expected. The price of refrigerants dropped sharply. In addition, the purchase of downstream industries was not active, the demand was poor, the price of refrigerants was low, and the price of hydrofluoric acid market was difficult to rise due to the negative influence.

 

Finally, the domestic hydrofluoric acid spot supply is sufficient, the hydrofluoric acid field device operation is stable, and the supply of goods in the hydrofluoric acid market is stable. Up to now, the mainstream of hydrofluoric acid negotiation in the south is 8000-8500 yuan / ton, and the price of hydrofluoric acid in the north market is 8500-9000 yuan / ton. In recent years, the price trend of domestic hydrofluoric acid market has remained low, and some manufacturers have reported serious losses. The hydrofluoric acid market is squeezed by upstream and downstream, so the market price is easy to fall and hard to rise.

 

Generally speaking, there is still a strong price intention in fluorite market in the near future, but there is no obvious improvement in refrigerant industry. For hydrofluoric acid market, on-demand purchase is the main thing. Chen Ling, an hydrofluoric acid analyst from the business agency, thinks that there is a great pressure on the price of hydrofluoric acid market, and later prices may remain volatile.

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The demand of melamine market is flat

1、 Melamine price trend:

 

(Figure: P value curve of melamine product)

 

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2、 Market analysis:

 

Melamine market has been stable in recent years. According to the data of monitoring samples from business associations, as of June 15, the average price of melamine enterprises was 5066.67 yuan / ton, which was the same as that of June 1, and decreased by 1.30% compared with that of April 15.

 

Supply and demand: at present, when some enterprises shut down for maintenance, the start-up rate of melamine has declined, and the supply side has shrunk, but the downstream demand is still not enough. In addition, due to the weather in some areas, the digestion capacity of melamine sources is limited.

 

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Raw urea: according to the monitoring sample data of the business agency, the ex factory price of urea in Shandong Province rose slightly (6.8-6.12) this week, and the quotation rose from 1656.67 yuan / ton at the beginning of the week to 1680.00 yuan / ton at the end of the week, an increase of 1.41%, down 11.89% year on year. Overall, the urea market rose slightly this week, with the urea commodity index at 78.14 on June 12. At present, agricultural demand has declined slightly, and the downstream industry has general enthusiasm for urea procurement. It is expected that the short-term urea market will fluctuate slightly and fall mainly.

 

3、 Future forecast:

 

Melamine analysts of the business club believe that the recent slight rise in the price of raw urea has limited support for the cost of melamine, and the current supply has been reduced, but the downstream demand power is insufficient. It is expected that the melamine market will be mainly stable in the short term.

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Sodium pyrosulfite price runs at the bottom (6.8-6.12)

1、 Price trend of sodium pyrosulfite in China

 

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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).

 

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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.

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On June 11, EPS market improved

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.

 

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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.

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General demand, Shandong formaldehyde market stable

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.

 

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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.

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Falling pressure, sharp drop in acetic anhydride price

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.

 

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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:

 

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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.

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Copper price rose slightly, boosted by OPEC + production reduction agreement

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

 

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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.

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Stop the decline and rise, Dichloromethane prices in Shandong continued to rise this week

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.

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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.

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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.

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Weak demand, slightly lower formaldehyde market price

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.

 

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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.

 

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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.

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