On March 11, the phthalic anhydride commodity index was 66.83, down 0.65 points from yesterday, down 44.37% from the peak of 120.13 points in the cycle (2012-02-28), and up 38.02% from the low of 48.42 points on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price of phthalic anhydride has been slightly lower, the market of phthalic anhydride and phthalic anhydride in eastern China is weaker, downstream factories are in need of purchasing, factory inventory pressure continues, high-end transactions are blocked, the mainstream of on-site neighbouring source negotiations is 6600-6900 yuan/ton, the mainstream of naphthalene source negotiations is 6500-6600 yuan/ton; the mainstream quotation of phthalic anhydride market in northern China is 6500-6800 yuan/ton, the market is weak. The price of phthalic anhydride in China is stable, the spot supply of phthalic anhydride is normal, and the price of phthalic anhydride is declining.

Recently, the executive price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, is 6800 yuan/ton. The actual market transaction price is 7100 yuan/ton. The quotation is stable and the port is out of stock. Upstream raw materials mixed xylene price shocks maintain stability, phthalic turnover is general, port phthalic inventory is low, phthalic external quotation rises, import phthalic cost rises, the actual transaction price talks in detail, upstream price trend is stable, phthalic anhydride market prices remain volatile. DOP price downstream shocks. Recently, in Zhejiang DOP market, merchants’quotations are maintained at 8650-8700 yuan/ton, while downstream prices are at a low level. Demand for upstream phthalic anhydride is limited, and the market price of phthalic anhydride is slightly lower. It is expected that the market price of phthalic anhydride will be around 6800 yuan/ton in the later period.

On March 10, the hydrofluoric acid commodity index was 98.53, which was the same as yesterday. It was 29.84% lower than the peak of 140.43 points in the cycle (2018-02-21), and 83.86% 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 recent domestic hydrofluoric acid market price trend is temporarily stable, up to 11 days, the domestic hydrofluoric acid market price is 10858.33 yuan/ton, the domestic hydrofluoric acid start-up rate is more than 60%, enterprises reflect that the current spot supply of hydrofluoric acid is normal, the recent situation of on-site goods is general, some enterprises have increased hydrofluoric acid inventory, factory prices remain low, due to recent price shocks in the raw material market. The market price of hydrofluoric acid is stable for the time being. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 10,000-11,000 yuan/ton, while the price of hydrofluoric acid in the northern market is 10,500-11,000 yuan/ton. Domestic hydrofluoric acid market prices remain low, spot supply is sufficient, due to the recent upward trend in the raw material market, fluorite price trend is temporarily stable, for hydrofluoric acid has some favorable support, hydrofluoric acid market price trend is temporarily stable.

Recent downstream refrigerant product units started to rise, upstream fluorite and hydrofluoric acid demand has increased, the recent downstream refrigerant trading market is general, hydrofluoric acid product prices temporarily stable. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 70%, R22 refrigerant facility start-up rate is temporarily stable, the main production enterprise’s bulk water ex-factory offer price rises to 18500-19000 yuan/ton, but there is no bulk water spot in the production enterprise, mainly a small number of cylinders shipped. In addition, the actual demand side of the market has risen, and the delivery market has risen. The domestic market price of R134a has risen slightly, the start-up rate of production enterprises has remained 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 improvement of the goods, the price trend of hydrofluoric acid market is temporarily stable.

Refrigerant on-site transactions have risen, refrigerant industry equipment start-up rate has increased, for the upstream hydrofluoric acid market demand may increase, coupled with the upstream fluorite price has an upward trend, March is the peak season of air conditioning production, the downstream refrigeration industry is expected to rise, Business Analyst Chen Ling believes that the hydrofluoric acid market may be slightly higher.

According to Hart Energy News, the latest analysis by Stratas Advisors shows that despite the slowdown in global gasoline sales growth, global gasoline demand is expected to continue to grow by 2020.

The number of newly registered vehicles is larger than that of scrapped vehicles. Stratas Advisors predicts that gasoline production will continue to grow as new gasoline production comes online in the next few years and as global refining capacity continues to invest and expand.

Christopher Brown, manager of Stratas Advisors Global Automotive Services, said: “In the short term, new registrations in the automotive industry are closely related to macroeconomic indicators. We have seen a slight decrease in the number of new car registrations in the world, and their economies have stabilized or begun to retreat.

He added: “Vehicle growth, power system changes and economic prospects will all affect gasoline demand across the country. Globally, vehicle dynamic changes tend to be slower than new vehicle registration, so slowing down new vehicle registration does not necessarily mean that the country’s total demand for gasoline is declining.

According to Dow Jones Sao Paulo, Brazil’s oil production declined in January compared with last month as two production platforms were shut down for maintenance reasons.

Brazil’s National Petroleum Administration (ANP) said Thursday that daily oil production fell by 2.2% to 2.6 million barrels in January and natural gas production dropped by 0.4% to 113 million cubic meters. According to ANP, oil production increased by 0.6% compared with January 2018, and natural gas production increased by 0.7% over the same period.

According to ANP, the offshore production platforms of P-74 and FPSO Cidade So Paulo in Buzios and Sapiinhoa oilfields closed for maintenance in January this year.

In January this year, Brazil’s daily production of the subsalt oil field dropped 2.7% from December last year to 1.8 million barrels.

Price Trend

According to data from business associations, the average price of n-butanol as of March 6 was 7016.67 yuan/ton (including tax). At present, the mainstream domestic price of n-butanol is 6900-7100 yuan/ton.

II. Market Analysis

Products: Downstream start high, n-butanol market stable operation, low-end price smooth transaction, the recent overall supply and demand balance.

3. Future Market Forecast

Forecast: In the short term, the stability of n-butanol market is dominant.