Light demand, diethylene glycol prices fall

1、 Price trend

(Figure: curve of P value of diethylene glycol product)

According to the data of business news agency, on June 24, the average p value of diethylene glycol market price was 5800 yuan / ton, down 1043.33 yuan / ton from the beginning of the month, down 15.25%.

On Tuesday, the price of glycol dropped slightly. The ex factory quotation of Sinopec in North China was reduced by 100 yuan / ton, and the ex factory quotation of Sinopec in East China was reduced by 150 yuan / ton.

2、 Market analysis

As of Monday, the total inventory of diethylene glycol in East China’s main ports was 1644 tons, down by 2420 tons or 12.83% from last Tuesday.

The demand of downstream polyester end is general, and the purchasing enthusiasm is not high. Although the price fell in a narrow range and the demand increased slightly, the wait-and-see attitude of tourists was still obvious, the enthusiasm for entering the market was not high, and they maintained purchasing on demand. The operating rate is basically the same. The upward movement of crude oil price gives certain support to the market. The increment of the market supply side is limited, and the demand side is still slightly flat.

3、 Future forecast

The market price of diethylene glycol has been reduced continuously, and there are many negative factors in the current market. However, the increase in domestic supply was less than expected, the international crude oil continued to rise sharply, and the strength of the crude oil side led to the collective strength of commodities. Long short game, short-term domestic diethylene glycol or will be a narrow shock operation.

Sulfamic acid 

Reduced demand and narrow adjustment of ammonium sulfate Market (6.14-6.20)

1、 Price trend

According to the monitoring data of business society, the average factory price of domestic ammonium sulfate was 1050 yuan / ton on June 14, and that of domestic ammonium sulfate on June 20 was 1050 yuan / ton, and the price of ammonium sulfate was stable this week.

2、 Market analysis

This week, the market demand for ammonium sulfate was weakened, the heat level was reduced, and the market was stable. By the end of the week, the main coking grade ammonium sulfate in Shandong Province had a factory offer of 1000-1100 yuan / ton, that of Hebei coking grade ammonium sulfate was 950-1050 yuan / ton, that of Shanxi Coking grade ammonium sulfate was 900-1000, and that of the domestic ammonium sulfate in East China was 980-1050 yuan / ton.

Compound fertilizer prices continued to rise this week, up about 120 yuan / ton. Because of the rising price of raw materials, the cost of compound fertilizer increases, and the price is easy to rise and fall. More early orders will be implemented, new orders will be reduced, and the price of Hefei will be recovered or the price will continue to rise in the short term.

3、 Post market forecast

Business agency ammonium sulfate analysts believe that the coking grade ammonium sulfate heat level is lower than the previous stage, the price is adjusted slightly, rising and falling. The market demand of internal grade ammonium sulfate is stable and the market demand is limited. It is expected that the market of ammonium sulfate will be adjusted in a narrow range in the short term.

Sulfamic acid 

Pure benzene price continued to rise this week (2021.6.14-2021.6.20)

1、 Price trend

According to the data of business club’s block list, the price of pure benzene continued to rise this week. On June 13, the price of pure benzene was 7600-7750 yuan / ton (average price 7730 yuan / ton), and on Sunday (June 20), the price of pure benzene was 7603-7800 yuan / ton (average price 7750 yuan / ton), with an average price increase of 60 yuan / ton or 0.78% compared with last week; It was 112.33% higher than that of the same period last year.

2、 Analysis and comment

This week, after the price of pure benzene rose, the price of Sinopec’s pure benzene remained stable at 7750 yuan / ton. Domestic pure benzene prices continued to rise, boosted by the continuous rise of crude oil and low pure benzene port inventory. Within the week, the inventory of pure benzene in the main port of East China dropped to below 80000 tons. But at present, most of the downstream products are at a loss, and the follow-up of pure benzene slows down, limiting the rise.

In terms of external market, the reference price of pure benzene in South Korea market on Friday (June 18) was 935 US dollars / ton, up 12 US dollars / ton, or 1.3%, from June 11; The import reference price of East China was 960 US dollars / ton, which was flat on June 11.

In terms of crude oil, the market is optimistic about the recovery of crude oil demand, and the overall trend of international oil prices is upward. However, the strong US dollar exchange rate during the week depressed oil prices.

Downstream: styrene: the price of styrene fell this week. On June 18, the price of sample enterprises was 8800 yuan / ton, down 1.68% from last week, and up 61.47% from the same period last year.

Aniline: part of the plants in the yard maintained load reduction operation. During the Dragon Boat Festival, the supply of Jinling aniline plant in the parking and maintenance yard continued to decrease, and the price of aniline continued to rise under the favorable support. On June 18, the price of aniline in Nanjing was 9600 yuan / ton, while that in Shandong was 9400-9580 yuan / ton, with an average price increase of 5.58% over last week, 3.65% over the beginning of the month, 19.83% over the beginning of the year, and 108.82% over the same period last year.

3、 Future forecast

In terms of crude oil, the outlook for crude oil demand is good and upward momentum still exists, but uncertainty may restrict the rise of oil prices. In the future, we will continue to pay attention to the global epidemic, OPEC +’s latest decision on production reduction, global economic data, US crude oil and refined oil inventories, US dollar exchange rate, etc.

Downstream: styrene, the main downstream product: the rise of crude oil has a certain support for styrene, but the downstream demand is weak and the psychology of waiting to fall is strong.

Internationally, the recovery of crude oil is promising; External price volatility. In China, the pure benzene units that were overhauled in the early stage have been restarted one after another, and the supply may gradually pick up, but the on-site supply is still in a tight situation in the short term. Downstream: some downstream products are losing money, and the enthusiasm for pure benzene follow-up is not high. Overall, it is expected that the pure benzene will continue to fluctuate next week, with the possibility of decline. Continue to pay attention to the downstream market (mainly styrene inventory, demand changes), domestic and foreign pure benzene plant trends, crude oil, external market trends on the price of pure benzene.

Sulfamic acid 

Styrene price low finishing, PS price down

1、 Price trend

According to the monitoring data of business news agency, the average price of PS (GPPS 525) was 10600 yuan / ton at the beginning of this week, and 10533 yuan / ton at the end of this week, with a price drop of 0.63% and an increase of 30.04% compared with the same period last year.

2、 Market analysis

The domestic PS market fell mainly, with a range of 50-250 yuan / ton. Raw material styrene low consolidation, combined with PS ex factory price down impact, the market with the mood is strong, business price shipping. Styrene rebounded on Wednesday, and an unexpected impact of an enterprise in Jiangsu Province. On Thursday, some businesses tentatively pulled up. The replenishment operation of traders was slightly better, and the terminal heard that it was general.

The factory price of PS has been lowered, the tight supply situation has been improved to some extent, and the downstream demand is weak. In Yuyao market, the price of benzene is 10650-12200 yuan / ton, and the price of benzene is 12500-14200 yuan / ton.

3、 Future forecast

At present, the overall impact of PS construction is improving, and the market supply increase is expected to be obvious. It is expected that the PS market will be consolidated in a narrow range next week, and some of them will rise.

sulphamic acid

Ethylene oxide briefing this week (June 15 – June 18)

Ethylene oxide remained stable at 6900 yuan / ton.

Affected by the bearish trend of downstream demand and abundant supply, the weak market of ethylene continued to ferment. The external price of ethylene in Northeast Asia temporarily stopped falling at US $900 / T, while the external price of ethylene in Southeast Asia was US $860 / T, which was flat compared with the previous trading day. The quotation of domestic Luxi Chemical ethylene was 7060 yuan / T today, and that of Jinshan Lianmao ethylene was 7200 yuan / T today. The support of cost side was weakened, but the supply side of ethylene oxide was strong. According to the known dynamic of the plant, srbon is expected to be overhauled in early July, Jinyan is still in the shutdown state, Jilin Petrochemical is expected to be overhauled until the middle of July, Zhenhai Petrochemical is expected to stop in short time due to fault, Shanghai Petrochemical has been successfully started up, and ethylene oxide is expected to be in a tight state until next month. At present, the market of downstream monomer is stable, and Hubei Ling’an factory has no stock. Affected by the lift of ethylene oxide, the market has a strong wait-and-see atmosphere, and there may be bullish expectations in the future.

It needs to pay close attention to the change of ethylene oxide supply side and downstream demand.

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