Price Trend

According to the monitoring data of business associations, as of June 4, the average price of domestic ethanol market was 5340 yuan/ton, and the domestic ethanol market maintained a rising trend.

II. Market Analysis

Products: The domestic alcohol market continues to rise in some areas. The price of corn ethanol in Jilin in Northeast China is running at a high price, the pressure of factory stock is not great, the mentality of executing pre-contract orders remains steady; the alcohol market in North Jiangsu, North Jiangsu, East Jiangsu and North China is narrowly rising, the water-free goods are smoothly moving, the prices continue to rise, and the downstream purchases are on demand; the quotation of enterprises in South China is rising, the actual transaction performance is stable, and the downstream demand is light.

Industry Chain: Maize: In May, the inventory continued to decline, and the corn trading enterprises still showed a strong reluctance to sell. We predict that the general trend of maize market in the near future is still bullish, the probability of short-term surge is still lacking of foundation, sustained slow rise is still the mainstream performance of the market, and the probability of callback in the near future is low. Maize prices are expected to remain strong for most of June. Ethyl acetate: Ethyl acetate is stable in China, ethyl acetate plant in North China has started to reduce, and most of the production enterprises have lost sales price, the market of ethyl acetate has been rising slightly and market digestion is on the lookout; there is sufficient supply in East China market, and the production enterprises are willing to speculate, but the actual market demand is insufficient, and the market fluctuation of ethyl acetate is limited; there is sufficient supply in the market, and the downstream terminal is rising. After the purchase of ethyl acetate, the enthusiasm faded, and the market shocks were obvious.

3. Future Market Forecast

Ethanol market wait-and-see sentiment is high. Although most domestic enterprises’prices continue to rise, market turnover is less heard, downstream wait-and-see sentiment is higher, and overall demand is light. Ethanol analysts of business associations predict that the short-term domestic ethanol market will remain high.

Price Trend

The domestic butadiene market remained in order this week. Business Association monitoring showed that the domestic butadiene market price at the beginning of the week was 8370 yuan/ton, and the domestic butadiene price at the weekend was 8551 yuan/ton. Within the week, the price rose by 2.16%, which was 28.45% lower than the same period last year.

II. Analysis of Influencing Factors

Products: This week, the domestic butadiene market maintained a consolidation situation, Sinopec’s supply price remained stable at 8400-8500 yuan/ton, and Liaotong Chemical Industry’s bottom bidding price increased by 400 yuan/ton to 8880 yuan/ton. During the week, the spot supply of high-grade products in the northern market increased slightly, and the turnover of Liaoning’s currency source was still acceptable. However, the qualified products of Jiutai and Shenhua Ning coal in Inner Mongolia continued to be exported, and the market supply was abundant as a whole. Fushun Petrochemical in the middle of the week a small number of supply and flow pats, aggravating the downstream inquiry cautious mentality, the market is not lack of wait-and-see and other drop expectations, although the transaction price of Liaoning currency sources on Thursday is relatively strong, but the downstream inquiry is cold. Although some shipments arrived at the port in the Eastern China tank farm during the week, the mentality of the merchants was strongly supported by the external market, and most of the offers were stable.

Industry chain: Downstream synthetic rubber, styrene-butadiene rubber, natural rubber, although not good, but the supplier has increased the price of styrene-butadiene rubber, domestic market offer slightly increased, but inquiry follow-up performance is general, the actual transaction is still small. Cis-butadiene rubber, domestic cis-butadiene rubber market rose. The supplier raised the price of cis-butadiene rubber, the quotation price of merchants followed up, the inquiry atmosphere on the market was not good, the buyer was conflicted with the high offer, the spot turnover was small, and the merchant’s shipment was not good. SBS: Domestic SBS market oil glue low finishing, dry rubber road to small finishing.

3. Future Market Forecast

On the positive side, the external offer is relatively strong; downstream just need to replenish the warehouse. In the negative side, the construction of cis-butadiene rubber industry began to decline, and Northern manufacturers normally exported. Although the price of a small amount of goods in Northeast China is strong, which has brought some support to the mentality of the merchants, the domestic spot supply is relatively abundant in the later period, the follow-up of inquiries in the downstream is limited, and the downstream rubber industry starts to decline, and the market performance of supply and demand is weak. In the next cycle, Liaoyang Petrochemical Plant will have a parking maintenance plan, or there will be inventory clearance measures. Influenced by the news, the butadiene analysts of business associations expect that the short-term domestic butadiene market will be mainly reorganized. They suggest that attention should be paid to the manufacturers’prices and transaction guidelines. At the same time, some external sources are on sale, and the turnover situation is also worthy of attention.

Commodity index: Polyaluminium chloride commodity index on May 31 was 105.41, down 0.54 points from yesterday, down 2.50% from the peak of 108.11 points in the cycle (2019-04-24), up 4.47% from the lowest point of 100.90 points on April 09, 2019. (Note: Period refers to 2019-04-01 to date)

Latest price (May 31): Polyaluminium chloride (solid, content (>28%) quoted 1950 yuan/ton.

Analysis Points: On May 31, the domestic polyaluminium chloride market was relatively stable. According to the monitoring data of the commercial association (100ppi.com), the mainstream quotation in the domestic market of polyaluminium chloride is about 1800-1900 yuan/ton for solid polyaluminium chloride (industrial grade, content (>28%) and 330-390 yuan/ton for liquid (industrial grade, content 10-12%).

Industry chain: Recently, the price of hydrochloric acid and other products in upstream of polyaluminium chloride is relatively stable; on May 31, the mainstream price of hydrochloric acid monitored by business associations was about 80 yuan/ton. The downstream demand is basically stable, and the overall price of polyaluminium chloride has not changed much in recent years.

Future market forecast: In the short term, if there is no big fluctuation in the price of raw materials in the upstream, the demand in the downstream is relatively stable, and the market price of domestic polyaluminium chloride is basically stable.

Price Trend

According to the data of business associations, the domestic dry-process aluminium fluoride fell in May. At the beginning of the month, the average market price was 9,500 yuan/ton, and at the end of the month, it was 9,300 yuan/ton. The price was reduced by 1.75%.

II. Market Analysis

In May, the price of aluminium fluoride dropped: at present, the price of aluminium fluoride in Henan is between 9000 and 9200 yuan/ton, while that in Shandong is between 9000 and 9200 yuan/ton. Zhengzhou Tianrui Grain Technology Co., Ltd. quoted 9500 yuan per ton of aluminium fluoride, Shandong Luzeng Chemical Co., Ltd. quoted 10500 yuan per ton of aluminium fluoride, Zhengzhou Zerun Energy and Chemical Co., Ltd. quoted 9000 yuan per ton of aluminium fluoride.

Industry Chain: Hydrofluoric acid prices have risen slightly for four consecutive weeks this month. Enterprises reflect that the supply of hydrofluoric acid on-site is tight. Recently, the situation of on-site purchases has improved. Some enterprises have a low start-up rate of hydrofluoric acid plants and a small rise in ex-factory prices. Recently, the start-up rate of hydrofluoric acid plants is general, and the supply of hydrofluoric acid plants is tight. At present, the mainstream of hydrofluoric acid negotiations in southern China is 11,000-11,500 yuan./ The price of hydrofluoric acid in the northern market ranges from 11,000 to 12,000 yuan per ton. However, in May, the price of downstream product Aluminum fluoride fell sharply, rising only a week, and the current market price of Aluminum fluoride fell to 9,000 yuan/ton.

3. Future Market Forecast

Analysts of Aluminum Fluoride Industry in Business, Social and Chemical Branch believe that the price of hydrofluoric acid in the upstream has been rising slightly continuously, and the current intentions of manufacturers in the Aluminum Fluoride market are obvious, so the price of Aluminum Fluoride will rise steadily in June.

Price trends:

According to the monitoring data of business associations, the trend of caustic soda is stable temporarily, and the average price in Shandong market is about 705 yuan/ton as of May 28. On May 27, the caustic soda commodity index was 101.44, which was the same as yesterday. It was 50.96% lower than the peak of 206.87 points in the cycle (2017-11-14), and 38.45% higher than the low of 73.27 points on March 29, 2015. (Note: Period refers to 2011-09-01 to date)

II. Market Analysis

Products: Caustic soda price is mainly stable temporarily. The performance of caustic soda in Shandong is weak and stable. The mainstream quotation of 32% caustic soda in Shandong is 650-740 yuan/ton. The market performance is flat. The quotation of traders is stable and the transaction is general. It is expected that the price of caustic soda will be more stable in the later period. The mainstream quotation of 32% ionic membrane caustic soda market in Hebei is about 660-810 yuan/ton. The price of caustic soda has not been adjusted for the time being, and the downstream transaction is general. Main: The price of caustic soda in Jiangsu is stable. The mainstream price of 32% ionic membrane caustic soda market is 780-800 yuan/ton. The market demand is general and the supply is relatively stable. The operators are mainly on the wait-and-see attitude. They are expected to operate more stably in the later period. In some enterprises, the supply has been reduced to a certain extent, which has played a positive role in the market, but the demand side is not good, and the overall market is difficult to rise.

Business analysts believe that the domestic caustic soda market is calm. In the aspect of liquid alkali, due to the increase of overhaul, a small number of manufacturers raised their quotations, while other manufacturers remained stable. The market performance is flat, the quotation of traders is stable and the turnover is general. Short-term market price or stable operation is the main, specifically looking at the downstream market demand.