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Demand supported dimethyl carbonate price rose by more than 13% in June

According to the monitoring data of the business community, as of June 9, the reference price of domestic industrial dimethyl carbonate was 6600 yuan / ton. Compared with the price on June 1, 2021 (reference price 5666 yuan / ton), the average price increased by 900 yuan / ton, or 13.14%.

Since June, the domestic industrial grade dimethyl carbonate market has been warming up, the downstream demand has performed well, the transaction volume has increased, the inventory pressure of dimethyl carbonate factory has eased, and the market price of dimethyl carbonate has been rising. On the 7th, the factory quotation of dimethyl carbonate in Shandong Province was 6500-6700 yuan / ton, which was 1000 yuan / ton higher than that of the previous working day, The manufacturers of dimethyl carbonate in Anhui also increased the ex factory price of dimethyl carbonate by 800 yuan / ton. At present, the overall market activity is good, and the quotation is mainly firm. As of June 9, the reference ex factory average price of domestic industrial grade dimethyl carbonate was 6600 yuan / ton. Compared with the beginning of June, the average price of domestic industrial grade dimethyl carbonate increased by 900 yuan / ton, or more than 13%.

In terms of upstream propylene oxide, the market of propylene oxide fell in May and continued to decline in June. In recent years, the overall operating rate of propylene oxide is high, the supply side is abundant, but the demand side is insufficient to follow up. In the process of price decline, the downstream risk aversion is heavy, the market is more wait-and-see, the trading rhythm slows down, and the focus of market negotiation is gradually lower. At present, the mainstream price of propylene oxide Market in Shandong is around 13500-13700 yuan / ton, and the mainstream price of propylene oxide Market in East China is around 13700-13900 yuan / ton.

In terms of upstream methanol, the domestic methanol market has declined in many regions recently, which has brought bad news to the market. June 7, Henan methanol market offer lower, trading in general. The main enterprises in Henan offer 2360 yuan / ton factory withdrawal acceptance, other enterprises refer to 2380 yuan / ton factory withdrawal cash, Luoyang market offer reference 2330 yuan / ton can cash. The mainstream transaction price of Linfen in Shanxi fell by 30-80 yuan / ton to 2150-2220 yuan / ton in cash; Changzhi area offline price to 2400 yuan / ton factory cash; The mainstream transaction price in Jincheng area was stable at 2300 yuan / ton in cash.

In terms of upstream dimethyl ether, the overall dimethyl ether Market showed a downward trend in late May, and there was a sharp downward trend in this week’s market. Affected by the traditional off-season factors, the decline is not unexpected. In the first ten days of May, the dimethyl ether market continued to rise, pushing the price up to a high level. Since the end of last ten days, dimethyl ether has not been good enough and has been greatly reduced. The overall decline of methanol cost was the main trend, while the trend of LPG civil market was weak, which brought bad news to the market. On the supply side, some manufacturers have recently restarted their devices, and the market supply has increased. On the demand side, the poor terminal demand has brought obvious constraints to the market, the downstream replenishment cycle has been lengthened, the replenishment is mostly on demand, and the enthusiasm is not good. There are many negative factors in the market, leading to a sharp drop in prices. According to the data monitoring of business news agency, the average price of dimethyl ether in Henan market was 3675.00 yuan / ton on June 6 and 3540.00 yuan / ton on June 7, with a one-day drop of 3.67%, up 57.80% over the same period last year.

Analysis of future trend

On the whole, the demand for dimethyl carbonate has been supported effectively. Recently, the market price has been steadily rising. However, another factor still needs to be considered. The market of propylene oxide, the main raw material of dimethyl carbonate, has continued to decline, and the cost support for dimethyl carbonate has weakened. Therefore, it remains to be seen whether the market of dimethyl carbonate can continue to move towards the high end when the cost runs counter to the demand, Therefore, business community dimethyl carbonate analysts believe that the short-term dimethyl carbonate market to narrow consolidation operation.

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Imbalance between supply and demand: butanone prices fall by more than 9% in eight days

According to the data monitoring of business news agency, as of June 8, the average ex factory price of domestic butanone market was 8000 yuan / ton. Compared with the price on June 1, the average price decreased by 800 yuan / ton, or 9.09%. Compared with the price on May 1, the average price decreased by 933 yuan / ton, or 10.45%.

In May, the domestic butanone market rose sharply and then gradually fell back.

Supply and demand imbalance butanone market fell more than 9% on the 8th

In June, the domestic butanone market continued the cold atmosphere at the end of May, and the overall market was weak. Since July 7, the factory price of butanone in Shandong Province has been sharply reduced by about 1000 yuan / ton, and the low-end quotation of butanone in Shandong Province has dropped to 7600 yuan / ton. The sharp decline of the market has affected the mentality of the industry, and the wait-and-see mood of the downstream industry has increased. It only maintains the purchase of just needed products, with less trading volume and increased supply sources in the market. Subsequently, on the 8th, the butanone market in Jiangsu was also weak, with a downward range of 200-500 yuan / ton. At present, the overall performance of butanone market is imbalance between supply and demand. Operators are cautious and wait-and-see. As of June 8, the reference price of domestic butanone was around 7600-8300 yuan / ton, and the average price was 8000 yuan / ton. Compared with the price on June 1, the average price was reduced by 800 yuan / ton, down 9.09%.

According to the business news agency, the following is the reference price of butanone in some parts of China in June

product region June 1st June 8th Up and down

Butanone East China 8700 yuan / ton 7500 yuan / ton – one thousand and two hundred

Butanone south China 8900 yuan / ton 8300 yuan / ton – six hundred

Butanone Shandong 8800 yuan / ton 7600 yuan / ton – one thousand and two hundred

Upstream, the LPG market fluctuated frequently in May. In June, the domestic LPG market in Shandong rose first and then fell, with a slight decline as a whole. On June 3 and 4, Shandong’s market prices rose slightly and then stabilized. 7. On August 8, the market price went down. At present, as of June 8, the civil LPG market in North China is weak and consolidation, with local downward trend and general transaction atmosphere; In Japan, the LPG civil market in Shandong Province was down steadily, and the market transaction atmosphere was mild. At present, the overall inventory of manufacturers is at a controllable level, and there is no obvious pressure on manufacturers. According to the monitoring data of the business community, the reference price of LPG on June 8 was 4126.67 yuan / ton, down 0.40% compared with that on June 1 (4143.33 yuan / ton).

Butanone is still likely to fall in the future

From the current point of view, the increase of butanone market supply has not been effectively alleviated in the short term, mainstream factories have started one after another, the overall operating rate is on the high side, the game between the increase of supply and insufficient demand is still continuing, and butanone industry’s worry is also increasing. Therefore, business community butanone analysts believe that in the short term, the domestic butanone market will continue to be weak operation, do not rule out some areas continue to fall slightly.

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The price of potassium nitrate rose this week (5.31-6.04)

According to the data monitored by the business agency, at the beginning of the week, the price of domestic first-class industrial potassium nitrate was 4540.00 yuan / ton, and at the end of the week, the price of domestic first-class industrial potassium nitrate was 4560.00 yuan / ton, up 0.44%. The current price was up 4.23% month on month, and the current price was up 6.98% year on year.

This week, the domestic potassium nitrate market rose, the market supply is tight, most traders are reluctant to sell, control the source of goods. The potassium nitrate trading market is in a state of supply less than demand, and the potassium nitrate market continues to rise. According to the statistics of the business society, this week’s quotation of domestic potassium nitrate mainstream manufacturers is 4200-4800 yuan / ton (quotation is for reference only), and the quotation is different according to different procurement situations.

Recently, the quotation of potassium chloride mainstream manufacturers is at a high level: on June 4, the potassium chloride equipment of Qinghai Salt Lake Potash Fertilizer Co., Ltd. operated normally. The ex factory quotation is about 2400 yuan / ton, the quotation is temporarily stable, and the actual transaction price is mainly through negotiation. On June 4, Anhui Badou Chemical Co., Ltd. quoted about 2650 yuan / ton for potassium chloride distribution, which was temporarily stable. The actual transaction price was mainly through negotiation. Recently, the potassium chloride market was consolidated at a high level, the port inventory was limited, the traders were reluctant to sell, and the price remained high.

In recent years, the domestic potassium chloride market is in a state of being reluctant to sell, the market supply is tight, the center of gravity continues to move up, and the cost support is good. It is expected that the potassium nitrate Market will rise mainly in the short term, and the long-term market still needs to wait and see( The above prices are provided by the main manufacturers of potassium nitrate all over the country and sorted out and analyzed by the potassium carbonate analysts of the business society. They are for reference only. For more price details, please contact the relevant manufacturers for consultation).

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Low consumption season coming, hydrogen peroxide price entering downward channel

According to the monitoring data of business agency, the hydrogen peroxide ended the big increase in the middle of May, and the market was stable. At the end of the month, the high platform diving mode was opened, and the market fell continuously until the beginning of June. As of June 4, the average price of hydrogen peroxide market was 1006 yuan / ton, and the price fell 9.04%.

According to the weekly increase and fall chart of hydrogen peroxide in business agencies from March 8 to May 24, 2021, it can be seen that after the Spring Festival, the hydrogen peroxide market has weakened, with a decline of more than 3.6%. Hydrogen peroxide showed a big rise in early March, up more than 5%, after the big rise began to dive, continue the weak market. In April, in the middle of the month, hydrogen peroxide rose again, up more than 5 percent, and it was still a decline after the big rise. After May 1, hydrogen peroxide was in weak operation, and the rising mode was opened in the middle month, rising to May 22, up more than 10%. At the end of the month, hydrogen peroxide Market opened diving, falling continuously, falling more than 7%. In early June, hydrogen peroxide remained down, down more than 10 per cent from mid May.

On June 4, some domestic hydrogen peroxide manufacturers quoted the following:

The price of hydrogen peroxide in Luxi Chemical Industry is 860 yuan / ton, which is down 170 yuan / ton compared with that in mid May; The price of hydrogen peroxide for Zhengyuan fertilizer in Hebei Province is 960 yuan / ton, down 40 yuan / ton from the middle of May; The price of hydrogen peroxide in Quansheng chemical industry in Anhui Province is 1180 yuan / ton, which is down 20 yuan / ton compared with the beginning of the month.

The consumption of oxygen drops continuously in the coming off-season

In early May, due to the increase of terminal paper procurement, the manufacturer stopped and repaired, and the supply was tight, and the price continued to rise, up more than 10%. Since the middle of the year, the rally stabilized, and by the end of the month, due to the decline of terminal demand, hydrogen peroxide opened the high platform diving mode, and the price continued to decline, down nearly 7%.

By June, the weak market of hydrogen peroxide did not end, because of the sharp decline in paper purchasing volume, off-season consumption and the leading factor of the negative, the price of hydrogen peroxide remained down. The factory price of hydrogen peroxide in Luxi Chemical industry has fallen to 800 yuan. Zhengyuan fertilizer also fell to the front line of 900 yuan. The price of Quansheng in Anhui Province is relatively strong.

On June 4, the commodity price index of hydrogen peroxide and caprolactam was 107.65, which was flat with yesterday, down 50.87% from 219.12 (2020-10-27) of the highest point in the cycle, and 19.81% higher than the lowest point of 89.85 on January 29, 2019( Note: cycle refers to January 1, 2019 to present)

The price of caprolactam at the end of May was driven by the rise of pure benzene market, and the price of the first ten days of May continued to rise. Near the end of May, the pure benzene Market depressed, and the price of caprolactam continued to decline, and remained down in early June, falling by more than 1.4%. Caprolactam market fell, enthusiasm for purchasing hydrogen peroxide decreased, and hydrogen peroxide market was weak.

On June 4, the price index of hydrogen peroxide and corrugated paper commodity was 139.62, which was flat with yesterday, down 43.24% from 246.00 (October 21, 2019), and 29.83% higher than the lowest point 107.54 on January 29, 2019( Note: cycle refers to January 1, 2017 to present)

In May, the paper market showed strong performance, and the purchase of hydrogen peroxide increased, stimulating the rise of hydrogen peroxide Market. By June, restricted by environmental protection policies, the amount of oxygen purchased by paper factories declined, and the hydrogen peroxide market was weak.

Li Bing, an analyst with hydrogen peroxide at the business agency, said: in June, hydrogen peroxide entered the off-season of consumption, the terminal demand was poor, and the market continued to decline, and it was still difficult to have room for rise in the future.

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Good crude oil, asphalt market shock finishing

The international oil price has broken through the 70 mark. Although the cost support is obvious, it is expected to stop the downward trend, and the asphalt market is mainly stable. According to the monitoring data of business news agency, as of June 2, the average spot price of domestic asphalt was 3280 yuan / ton, with a month on month increase of 5.47% and a year-on-year increase of 44.18%.

At present, the asphalt market is still in a high shock situation, the demand is not smooth, the construction is limited due to the weather in the south, and the asphalt price has a downward trend. The international crude oil fluctuates at a high level, which obviously supports the refinery cost, and the overall low price delivery intention is not strong. Some refineries in Shandong and North China have released short-term and long-term contracts, but the terminal demand is weak. Some traders are cautious and wait-and-see. The market offers have increased, and some expired contracts are more active in shipping.

As of June 2, the factory quotation summary of main asphalt manufacturers in Shandong Province:

The international crude oil fluctuated at a high level, and some of the offer enthusiasm increased. The actual rigid demand was general, and some of them were mainly for the demand of goods preparation. The asphalt analysts of the business community predicted that the asphalt spot market would be mainly for short-term consolidation.

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