1、 Price data:

According to the data monitoring of the bulk list of business associations, as of June 23, the price of bromine in Shandong continued to be weak. At present, the average price is about 27277 yuan / ton, down 8.91% compared with the same period last month, and down 20.93% compared with the same period last year.

2、 Cause analysis

Products: at present, some enterprises in Shandong have shut down their facilities and the spot market supply is slowing down. However, the start-up of seawater bromine enterprises in North China is still at a high level, and there is no shortage in the spot market supply. However, the start-up demand in the downstream flame retardant market is still weak and the just demand is insufficient, resulting in a high stock accumulation of some bromine enterprises. At present, the quotation of mainstream bromine enterprises is about 26000-27500 yuan / ton.

Industrial chain: the sulfur market is in a weak and stable operation, with strong wait-and-see mood in the industry, and the actual single transaction is relatively small, at present about 640 yuan / ton; the sulfuric acid market is up and down, with large regional differences, the overhaul enterprises are recovering in succession, the market supply is still tight, the enterprises are rising tentatively, at present about 290 yuan / ton; the domestic soda ash market is in a weak operation, with the overall commencement of the industry around 70%, and the overall delivery of the industry The investment atmosphere is not good. At present, it is about 1283 yuan / ton. The main downstream flame retardant market of bromine is in low negative operation, the overall demand is not significantly improved, the price support for bromine is insufficient, the start-up of pharmaceutical and pesticide intermediates and other industries is flat, the bears on bromine are obvious, and the overall market is cautious.

3、 Future forecast

According to the bromine industry analysts of business association, although the supply of bromine in the market has declined to some extent, it is still in a situation of oversupply. In addition, with the influx of imported bromine, the market trading is weak, which is expected to remain weak in a short period of time.

1、 Price trend

According to the monitoring data of the business agency, the average ex factory price of ammonium sulfate in China was 573 yuan / ton on June 15, and 568 yuan / ton on June 19, with a drop of 0.87% this week.

On June 19, the ammonium sulfate commodity index was 47.56, unchanged from yesterday, down 55.25% from 106.28 (2012-05-24), the highest point in the cycle, and up 29.77% from 36.65, the lowest point on June 23, 2014. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

This week, the overall domestic ammonium sulfate started stable, and the price fell slightly. About 490-650 yuan / ton for mainstream ammonium sulphate in Central China, 500-560 yuan / ton for mainstream ammonium sulphate in Henan, 470-590 yuan / ton for mainstream ammonium sulphate in Hebei, 520-580 yuan / ton for mainstream ammonium sulphate in Shandong, 500-650 yuan / ton for main ammonium sulphate outflow in East China, 470-650 yuan / ton for mainstream ammonium sulphate in North China, and 470-650 yuan / ton for Northeast China The factory quotation of ammonium sulfate mainstream is 520-630 yuan / ton.

This week, the downstream compound fertilizer market fluctuated slightly, with consolidation mainly in the range. The autumn fertilizer policy will be introduced soon. At present, the market is cold in summer, and farmers’ enthusiasm for using fertilizer is weakened. It is expected that the weak consolidation of compound fertilizer market will be dominant in the short term.

3、 Future forecast

According to analysts of ammonium sulfate of business association, the market is gradually improving due to small fluctuation in coking grade ammonium sulfate range. The inner ammonium sulphate finished smoothly and the export improved. It is expected that the price of ammonium sulfate will fluctuate slightly in the short term.

According to the data monitored by the business agency, as of June 19, the average price of domestic premium DMF enterprises was 4783.33 yuan / ton. This week, the market of DMF was stable with little price change.

This week, the domestic market of DMF keeps stable operation. DMF is coming in the off-season, with limited market negotiation space. At present, there is sufficient spot supply, on-demand purchase, on-demand purchase, and flat transaction atmosphere. As of June 19, the quotations of Luxi Chemical Industry Co., Ltd. are 4400 yuan / ton, Zhangqiu Riyue 4550 yuan / ton, Hualu Hengsheng 5400 yuan / ton, Anyang Jiutian 5300 yuan / ton, and Shaanxi Xinghua 4650 yuan / ton, with fierce competition among enterprises At present, the quotation of DMF in Zhejiang is 5000 yuan / ton, Guangdong 5100 yuan / ton and Jiangsu 4900 yuan / ton.

Upstream methanol: mainly based on early-stage contract orders, the overall transaction atmosphere is cold, the manufacturer’s quotation is stable, and the recent methanol market is mainly volatile. At present, the price range in Hebei Province is 1500-1550 yuan / ton, in Hunan Province is 1680-1700 yuan / ton, and in Fujian Province is 1430-1450 yuan / ton. The market is stable in the short term.

On June 18, the chemical industry index was 675, up 1 point from yesterday, down 33.56% from 1016 (2012-03-13), the highest point in the cycle, and up 12.88% from 598, the lowest point on April 8, 2020. (Note: cycle refers to 2011-12-01 to now).

DMF analysts believe that: in June, DMF off-season is coming, the overall supply and demand is weakening, and DMF is mainly weak in the short term. (the above prices are provided by the main DMF manufacturers all over the country and sorted out and analyzed by the business DMF analysts for reference only. For more details, please contact the relevant manufacturers for consultation.)

According to the statistics of business agency, as of June 17, Jiangsu nylon filament DTY reported 15867 yuan / ton, up 67 yuan / ton, up 0.42%, down 11.36% year-on-year compared with June 10; nylon POY price reported 13520 yuan / ton, up 40 yuan / ton, up 0.30%, down 14.43% year-on-year; nylon FDY price reported 16750 yuan / ton, up 250 yuan / ton, up 1.52%, down 16.67% year-on-year.

In terms of crude oil, as of June 17, WTI crude oil broke through $40 / barrel in June, with a maximum increase of 11.58%. OPEC + extended production reduction agreement also helped fuel the oil market, leading to soaring oil prices, and the market selectively ignored the adverse factors of the epidemic that remained uncontrolled. However, some OPEC countries, such as Iraq and Nigeria, did not comply with the production reduction agreement. Some countries’ negative production reduction still exposed the market to the risk of oversupply. Crude oil failed to stabilize at $40 and was subject to shock adjustment.

 
Last week (6.8-6.12), the listing of pure benzene was raised for two times in a row, from 200 yuan / ton to 3700 yuan / ton, which was withdrawn in spot exchange. The cost side of cyclohexanone has formed stable and good support, the downstream procurement volume is large, the supply and demand are relatively balanced, and the price has increased significantly. In terms of caprolactam, on June 8, Sinopec’s listing price of caprolactam was increased by 400 yuan / ton to 10600 yuan / ton (liquid superior products were accepted and withdrawn in June). The supply of caprolactam unit is tight: 100000 tons of units in Luxi and 100000 tons of units in Lubao have been shut down for maintenance, and the industrial operation rate has declined. As can be seen from the chart, the increase of caprolactam is significantly higher than that of upstream and downstream due to the reduction of output.

PA6 slice Market is becoming weak, and slice price will stabilize after surging. Although the supply of raw materials is tight, the export situation is warm. However, the domestic demand for polymer chips improved generally, and the downstream procurement was more cautious after the price rise of PA6. Under the balance of cost and demand, PA6 price has not been greatly adjusted. Nylon manufacturers in the short-term wait-and-see, as well as raw material inventory consumption, the price should rise. The increase is in the range of 200-500 yuan / ton. Some manufacturers are not quick to receive orders, and the quotation has not been increased.

According to analysts of the business club, the overhaul of caprolactam plant has increased the cost of nylon raw materials. Due to the continuation of OPCE production reduction plan, crude oil is likely to keep high operation, and the high cost of filament fiber may be sustained. It is expected that the price of nylon will keep rising.

1、 Price trend of epichlorohydrin:

(Figure: P value curve of epichlorohydrin product)

2、 Market analysis:

Recent epichlorohydrin market volatility down. According to the data in the business club’s large list, the average price of epichlorohydrin enterprises as of June 15 was 10766.67 yuan / ton, down 2.71% compared with June 1 (11066.67 yuan / ton), and up 4.19% compared with May 15.

Market review: on June 1, the average price of epichlorohydrin enterprises was 11066.67 yuan / ton, and the spot supply on the site was tight, but the downstream procurement enthusiasm was general, and the demand was just the main factor. On June 2, the market was temporarily stable, and on March 3, the market price was reduced to 11000 yuan / ton. The trading atmosphere was stale, and the actual order was limited. On April 4, the market price was again reduced to 10833.33 yuan / ton, and on May 5, it remained stable, and the spot supply was still tight, Holding the mentality of keeping the goods in good price, the price was raised to 11000 yuan / ton on the 6th, and the price was temporarily stable on the 7th, and the average price of the enterprise’s quotation on the 8th-11th was 10833.33 yuan / ton. The supply side was tight, but the downstream liquid resin factory was shut down for maintenance, the supply and demand game, and the trading atmosphere was light. The price was lowered to 10766.67 yuan / ton on the 12th, the manufacturer delivered the goods at a profit, the focus of market negotiation was down, and the owner of epichlorohydrin enterprise on the 15th The current quotation is 9800-10300 yuan / ton.

Raw propylene: on June 15, the market price of propylene in Shandong picked up slightly. After a week’s rally in early June, Shandong propylene market showed a significant correction in the middle of the price. According to the price of the business agency, last week’s 7-day cumulative decline of 350 yuan / ton. But at the end of the week, the price stopped falling and recovered. Today, the price slightly increased by about 50 yuan / ton. Now, the market turnover is between 6550-6900 yuan / ton, and the mainstream price is between 6550-6600 yuan / ton. The inventory situation of propylene manufacturers has improved, and the purchase in the downstream market has slightly reversed, but the raw material market has declined significantly. It is expected that under the influence of the two phases, the crude oil market is still the main trend, so the price of propylene may be lowered again in recent days.

Downstream epoxy resin: on June 15, downstream epoxy resin, double raw material weak operation, weak cost surface support, low enthusiasm for on-site operation, limited actual single transaction.

3、 Future forecast:

According to the epichlorohydrin analyst of the business agency, at present, the raw material propylene is picking up slightly, which has limited favorable space for the epichlorohydrin market. The downstream purchase intention is low, and the manufacturer’s shipment is under pressure. In addition, the qualified epichlorohydrin products of Jiangsu Haixing will be put on the market. The downstream market is still bullish for the future market. It is expected that the market of epichlorohydrin will fluctuate in the short term, and more will still fall Attention should be paid to the market news guidance.