Price trends:

In June 2019, the crude benzol Market shocked and rose. The ex-factory price in North China was 3,200 yuan/ton at the beginning of the month and 3,550 yuan/ton at the end of the month, with a monthly increase of 10.94%.

II. Market analysis:

Domestic market: pure benzene external market continues to rise, Sinopec’s listed price of pure benzene increased to 4850 yuan/ton, hydrobenzene enterprises are following up positively, the market is more favorable, domestic mainstream crude benzene manufacturers’bidding price increased, downstream market entry enthusiasm increased, low-level supply in the field is difficult to find. Due to the stable start of downstream construction, and the early inventory has been consumed, downstream buying is high, the market is still bullish after the market, coke enterprises go relatively smoothly. As for the market, the crude benzol quotation for processing in Shanxi Province was stable at 3400-3450 yuan/ton, up 400 yuan/ton from last month; the crude benzol quotation for processing in Shandong Province was stable at 3650-3700 yuan/ton, up 400 yuan/ton from last month. In terms of market supply, with the recent rise in coke prices, the start-up rate of manufacturers has increased, and the overall start-up rate has remained around 70%.

Industry chain: crude oil: Brent crude oil and U.S. crude oil prices fell first and then rose in June. Overall, oil distribution fell slightly from the end of last month, while U.S. oil rose more than 10% from the end of last month. Oil prices fell to their lowest level on June 13, falling below the $60/barrel mark, as sentiment in the crude oil market declined at the beginning of the month. Starting in the second half of the month, the tension between the United States and Iraq deepened. In addition to various incidents, oil price shocks rose, and U.S. oil rose to its highest level this month at the end of the month. Pure benzene: In the first ten days of this month, pure benzene continued its stable form last month, basically maintaining a stable price. Starting in the middle of this month, stimulated by the rising price of downstream styrene and the decline of port inventory, the price has risen many times, reaching its highest level this month on the 26th.

3. Trend forecast:

As of the end of this month, the external market of pure benzene has slightly fallen, the international oil price is weak, the good stamina is insufficient, and the purchasing intention of downstream has fallen. It is expected that the future market will continue a slight upward trend, with narrow fluctuation as the main factor, but the fluctuation space is limited.

On July 2, the phthalic anhydride commodity index was 55.64, unchanged from yesterday, down 53.68% from the cyclical peak of 120.13 points (2012-02-28), and up 14.91% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price trend of phthalic anhydride has been temporarily stable, the market price of phthalic anhydride in eastern China has rebounded, downstream factories have just needed to purchase, factory inventory is still under pressure, high-end transactions have been blocked, the mainstream of on-site neighbourhood source negotiations is 5600-5800 yuan/ton, and the mainstream of naphthalene source negotiations is 5300-5400 yuan/ton. The quotation ranges from 5600 to 5700 yuan/ton, the market price rises slightly, the quotation of enterprises rises slightly, the downstream construction is not high, the procurement on demand is the main, the wait-and-see mentality is strong, the domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride is normal, and the price trend of phthalic anhydride is temporarily stable.

In recent years, the domestic price of phthalic anhydride upstream product Sinopec o-phthalic acid is 5900 yuan/ton. The import market of o-phthalic anhydride in port area is temporarily stable, and the quotation is stable. In recent years, the market of o-phthalic anhydride in port is general, and the port stock is low. Upstream raw materials mixed xylene price shocks, phthalic turnover is general, port phthalic inventory is low, phthalic external quotation is low, import phthalic cost shocks, the actual transaction price is detailed, upstream price trend remains low, phthalic anhydride market price rise is limited. Downstream DOP raw material phthalic anhydride price rises, isooctanol price rises, DOP cost rises. DOP price shocks are higher, DOP downstream demand is general, customer purchasing enthusiasm is general, downstream PVC market shocks are stable, DOP market mainstream transaction price is around 7250 yuan/ton, DOP downward pressure is weakened, there is a certain upward momentum, the market price of phthalic anhydride is expected to rise slightly later.

On July 1, the hydrofluoric acid commodity index was 109.26, which was the same as yesterday. It was 22.20% lower than the peak of 140.43 points in the cycle (2018-02-21), and 103.88% higher than the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the domestic market price of hydrofluoric acid maintained a high level on July 2. Up to now, the domestic market price of hydrofluoric acid is 12040 yuan/ton, and the domestic start-up rate of hydrofluoric acid is less than 60%. Enterprises reflect that the supply of hydrofluoric acid on-site is tight at present, and the situation of on-site goods has improved recently. Because of the high raw material fluorite, some hydrofluoric acid plants The market price of hydrofluoric acid has risen with the increase of the ex-factory price. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 11500-12500 yuan/ton, while the price of hydrofluoric acid in the northern market is about 12000-12500 yuan/ton. Domestic hydrofluoric acid market prices increased, spot supply decreased slightly, but demand did not change very much, the price trend of hydrofluoric acid Market rose.

Recent downstream refrigerant products start at a low level, the upstream fluorite and hydrofluoric acid demand is general, the recent downstream refrigerant trading market is general, hydrofluoric acid product price shocks. Recent downstream refrigerant market transactions have improved, R22 refrigerant plant surface started at 60%, R22 market device start-up rate is temporarily stable, the main production enterprise bulk water factory offer price is between 18,000-19,000 yuan/ton, but the production enterprise does not have bulk water spot, mainly a small number of cylinders shipment. In addition, the actual demand side of the market has not changed much, and the delivery market has increased. The domestic market price trend of R134a is not good, the start-up rate of production enterprises remains low, the refrigerant market demand is general, and the manufacturers mainly export their products. However, the on-site transaction price has not changed much. Businessmen purchase on demand. Recently, due to the shortage of supply, the price trend of hydrofluoric acid market has risen.

Refrigerant market turnover is general, refrigerant industry equipment start-up rate remains low, for upstream hydrofluoric acid market demand is normal, but the hydrofluoric acid spot supply is tight, Business Analyst Chen Ling believes that the hydrofluoric acid market may continue to rise slightly.

On June 30, the hydrofluoric acid commodity index was 109.26, unchanged from yesterday, down 22.20% from the peak of 140.43 points in the cycle (2018-02-21), and up 103.88% from the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the domestic market price of hydrofluoric acid maintained a high level on July 1. Up to now, the domestic market price of hydrofluoric acid is 12040 yuan/ton. The domestic start-up rate of hydrofluoric acid is less than 60%. Enterprises reflect the shortage of spot supply of hydrofluoric acid in the field at present, and the recent market situation of goods has improved. Due to the high raw material fluorite, some hydrofluoric acid manufacturers have raised the ex-factory price, and the market price trend of hydrofluoric acid is on the rise. Rise. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 11500-12500 yuan/ton, while the price of hydrofluoric acid in the northern market is about 12000-12500 yuan/ton. Domestic hydrofluoric acid market prices increased, spot supply decreased slightly, but demand did not change very much, the price trend of hydrofluoric acid Market rose.

Recent downstream refrigerant products start at a low level, the upstream fluorite and hydrofluoric acid demand is general, the recent downstream refrigerant trading market is general, hydrofluoric acid product price shocks. Recent downstream refrigerant market transactions have improved, R22 refrigerant plant surface started at 60%, R22 market device start-up rate is temporarily stable, the main production enterprise bulk water factory offer price is between 18,000-19,000 yuan/ton, but the production enterprise does not have bulk water spot, mainly a small number of cylinders shipment. In addition, the actual demand side of the market has not changed much, and the delivery market has increased. The domestic market price trend of R134a is not good, the start-up rate of production enterprises remains low, the refrigerant market demand is general, and the manufacturers mainly export their products. However, the on-site transaction price has not changed much. Businessmen purchase on demand. Recently, due to the shortage of supply, the price trend of hydrofluoric acid market has risen.

Refrigerant market turnover is general, refrigerant industry equipment start-up rate remains low, for upstream hydrofluoric acid market demand is normal, but the hydrofluoric acid spot supply is tight, Business Analyst Chen Ling believes that the hydrofluoric acid market may continue to rise slightly.

Price Trend

The domestic dimethyl ether market fell steadily this week. At the beginning of the week, the average domestic dimethyl ether (Henan) market price was 3 080 yuan/ton, and the weekend average price was 3 070 yuan/ton. Within the week, the price dropped by 0.32%, which was 32.69% lower than the same period last year.

II. Market Analysis

Products: Dimethyl ether (Henan) market prices fell this week, the market trading atmosphere is light. Up to June 28, Hebei Yutai, Henan Qinyang Shengxin, Shandong Yuhuang Dimethyl Ether, Shanxi Orchid Science and Technology Venture Co., Ltd. Dimethyl Ether plant parking overhaul, temporarily not quoted. Henan Lankao Huitong dimethyl ether factory price is 3060 yuan/ton, Henan Yima Xinyuan dimethyl ether factory price is 3060 yuan/ton, Hebei Jichun Chemical Co., Ltd. dimethyl ether factory price is 3040 yuan/ton, Shandong Dezhou Shengdeyuan company dimethyl ether factory price is 3060 yuan/ton.

Industry chain: The domestic methanol market fell slightly this week. At the beginning of the week, the average domestic methanol market price was 2180 yuan/ton, which was 0.27% lower than that of the same period last year, and 17.66% lower than that of the same period last year. The domestic liquefied petroleum gas (Shandong) market rose narrowly this week, with an average price of 3783.33 yuan/ton at the beginning of the week and 3800 yuan/ton at the end of the week, an increase of 0.44% in the week, and a decrease of 8.67% over the same period last year. This week’s rise in international crude oil has boosted the liquefied petroleum gas market, but the overall trend is weak, combined with the cost of methanol horizontal adjustment, the cost support is insufficient. At present, dimethyl ether is in the off-season, terminal demand follow-up is insufficient, downstream procurement enthusiasm is not high, manufacturers shipment situation is poor, inventory pressure is increasing.

Industry: According to the price monitoring of business associations, in the 25th week of 2019 (6.24-6.28), there were seven kinds of commodities rising annually in the energy sector. The top three commodities were WTI crude oil (3.48%), MTBE (2.11%) and Brent crude oil (2.07%). There are seven kinds of goods that have declined in the ring ratio. The first three products are petroleum coke (-1.25%), gasoline (-0.33%) and dimethyl ether (-0.32%). This week’s average rise and fall was 0.52%.

3. Future Market Forecast

Dimethyl ether business analysts believe that the current market is in the off-season demand, manufacturers shipment situation is poor, inventory pressure is increasing. However, the price has fallen to a relatively low level and there is little room for a reduction. It is expected that the future market will be stable.