The price trend of potassium chloride in China is somewhat uncertain, and the industry has different expectations for the future market. At present, most sellers say that the pressure is within control, and the rising demand and logistics as well as urea and other fertilizers have supported the market. The official price document of Salt Lake in April hasn’t been issued yet, but it is basically determined that the quotation is stable and the monthly rebate increases by 50 yuan, which is a supplement to the previous market decline, and the impact should not be too great for the time being.

In addition to Lianyungang because of excessive supply and prices are still low, the price of potassium chloride in the port has stabilized and gradually showed a small upward trend. At present, 62% of the price of white potassium is 2350-2400 yuan/ton, and the turnover is 2350-2380 yuan/ton. The high-end is mainly for scattered small orders or chemical customers. The price of 60% Dahong granules in Northeast Port has risen to 2440-2480 yuan/ton, which is mostly in the low-end for the time being. The other ports offer 2400-2450 yuan/ton.

The potassium chloride supply of frontier trade in March has been sold out, and most of them have been delivered. The order of April has only been signed for a few days, the vehicle number has not been issued, and the arrival time is uncertain. At present, the market of potassium chloride in frontier trade is in a state of no goods available for sale and no quotation at present; 60% of the extruded Dahong granule supply is still tense, and the factory is carrying out the pre-order, and the quotation of Manzhouli factory with a small quantity of extruded reaches 23. About 50 yuan per ton.

Port self-extraction: 60% red powder 2250-2350 yuan; 62% white crystal, powder 2350-2400 yuan; 60% red particles 2400-2480 yuan. Frontier trade boards: 62% white crystal and powder are out of stock for the time being. 60% of the large factories in China reach 2170-2350 yuan, while 57% of the small factories leave 1650 yuan.

Price Trend

According to data from business associations, the acrylic acid market rose slightly this week, with an offer price of 7,900.00 yuan/ton at the beginning of the week, rising slightly, with a weekend offer price of 7,966.67 yuan/ton and a price increase of 67 yuan/ton, or 0.84%.

II. Market Analysis

Products: Acrylic acid market prices stabilized this week, terminal industry demand warmed up, good supply sales. At present, the mainstream price in the primary market is 7800-8300 yuan/ton, and there is limited room for negotiation. As of Friday, the price of acrylic acid in Wanzhou Petrochemical Company was stable, with 8600 yuan/ton of propionic acid, stable price and factual statement; the price of acrylic acid in Ningbo Taiyuan Plastic Company was stable, with spot quotation of 8450 yuan/ton; the price of acrylic acid in Wanhua Chemical Petrochemical Company was temporarily stable, with the main supply contract and stable customers. At present, the price of acrylic acid is 7800 yuan/ton.

Industry chain: Recently, the domestic propylene (Shandong) price has been rising continuously. At present, the mainstream transaction in the market has risen to about 7100-7250 yuan/ton. Recently, the approaching of propylene plant overhaul, Wanhua PDH device officially began parking overhaul on April 1, 2019, is expected to overhaul about 20 days, propylene downstream production plant normal operation.

3. Future Market Forecast

Acrylic acid analysts believe that the domestic acrylic market has recovered slightly, the price of propylene in the upstream has increased, and the inventory of downstream enterprises has gradually warmed up. Most of them are based on rigid demand. It is expected that the focus of acrylic acid market will shift in the short term and the transaction price will rise slightly.

On April 2, the phthalic anhydride commodity index was 64.88, unchanged from yesterday, down 45.99% from the cyclical peak of 120.13 points (2012-02-28), and up 33.99% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recent domestic market price trend of phthalic anhydride has maintained a weak position, the market of phthalic anhydride and phthalic anhydride in eastern China has consolidated weakly, downstream factories have just needed to purchase, factory inventory pressure has continued, high-end transactions have been blocked, the mainstream of on-site neighbouring source negotiations is 6500-6700 yuan/ton, and the mainstream of naphthalene source negotiations is 6400 yuan/ton; the mainstream quotation of phthalic anhydride market in North China is 6500-6700 yuan/ton, and the Main, the quotation trend of enterprises has slightly declined, downstream construction is not high, on-demand procurement is the main, wait-and-see mentality is strong, domestic phthalic anhydride plant operation is stable, phthalic anhydride spot supply is normal, the market is not good, phthalic anhydride prices remain low.

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. The upstream raw material mixed xylene price is stable, the turnover of phthalic anhydride is general, the stock of phthalic anhydride in port is low, the price of phthalic anhydride is temporarily stable, the cost of imported phthalic anhydride is rising, the actual transaction price is discussed in detail, the upstream price trend is stable, and the market price of phthalic anhydride remains weak. DOP prices in the downstream are lower. Recently, in the DOP market in Zhejiang, the quotation of merchants has dropped to 8300-8400 yuan/ton, and the downstream price has slightly decreased. The demand for phthalic anhydride in the upstream is limited. The market price of phthalic anhydride has slightly decreased. It is expected that the market price of phthalic anhydride in the later period will be around 6600 yuan/ton.

Price Trend

The propane Market oscillated upward in March. At the beginning of the month, the average market price of propane was 4067.5 yuan/ton, and at the end of the month, it was 497.5 yuan/ton. The average price of propane rose by 3.2% in the month, 8.55% higher than that of the same period last year.

II. Analysis of Influencing Factors

Products: Propane prices fell first and then rose this month, the market atmosphere is general. As of March 29, propane from Dongming Petrochemical Company and Zhonghai Fine Chemical Company of Shandong Province were not quoted for the time being. The ex-factory price of propane in Tianjin Bohai Chemical Group Supply and Marketing Company is 4200 yuan/ton, Shandong Haiyou Petrochemical Group is 4230 yuan/ton, Shandong Huifeng Petrochemical Company is 4280 yuan/ton, Shandong Hengyuan Petrochemical Company is 4180 yuan/ton, Shandong Binzhou Dayou Group is 4250 yuan/ton, and Qingdao Petrochemical Company is the limited liability company of Sinopec. Propane ex-factory price is 402 yuan/ton.

Industry chain: In March, domestic liquefied petroleum gas market price first restrained and then increased, overall downward. At the beginning of the month, the average price of domestic liquefied gas market was 4100 yuan/ton, and at the end of the month, it was 3996.67 yuan/ton. The price fell by 2.52% in the month and increased by 10.21% compared with the same period last year. Domestic propylene (East China) prices fell sharply in March and then fell again. At the beginning of the month, the average price of domestic enterprises was 7290 yuan/ton, and at the end of the month, the average price of domestic enterprises was 6965 yuan/ton. In the month, the price fell by 4.46%, which was 19.43% lower than that of the same period last year. In April, Saudi Arabia’s Amy CP: Propane 515 US dollars per ton, up 25% from last month. Butane is 535 dollars/ton, up 15% from last month.

In March, the propane Market showed a moderate performance, with price fluctuations rising. The trading atmosphere in the market is slightly better than last month. Influenced by the March CPC rise, prices rose slightly at the beginning of the month. But the good times are not long, the market demand is slow, and the price quickly returns to rationality. In addition, the market supply is abundant, the import gas is large, the manufacturer’s shipment is not long, and the price falls again. Price rebound since mid-term, supported by cost, and OPEC production reduction related news, provides a good atmosphere, the U.S. crude oil inventory continued to decline, the market mentality has also been supported, the manufacturers’mentality is strong, price rebound from mid-term, CPs expected to rise at the end of the month, prices continue to rise.

Industry: According to the price monitoring of business associations, in March 2019, there were 19 commodities rising annually in the chemical sector, of which 8 commodities increased by more than 5%, accounting for 11.4% of the monitored commodities in the sector; the top three commodities were formaldehyde (37%) (24.34%), hydrogen peroxide (24.29%) and trichloromethane (22.31%). There are 46 kinds of commodities falling in the ring ratio, and 20 kinds of commodities falling by more than 5% accounted for 28.6% of the monitored commodities in the plate. The products of the first three declines were isopropanol (-14.36%), acetone (-14.29%) and hydrochloric acid (-12.50%). This month’s average rise and fall was -1.12%.

3. Future Market Forecast

Propane analysts at business associations believe that April’s rise in CPs has boosted the market and that prices may rise in the short term. However, the warming weather, market demand in the off-season, still holding prices up. The trend is expected to rise first and then fall in April.

On March 31, the ammonium nitrate commodity index was 107.02, which was the same as yesterday. It was 9.63% lower than the cyclical peak of 118.42 points (2019-01-15), and 38.32% higher than the lowest point of 77.37 on October 31, 2016. (Note: Period refers to 2013-02-01 to date)

Recently, the price trend of domestic ammonium nitrate Market has maintained a low level. Affected by environmental protection control, domestic ammonium nitrate plants shut down more, and domestic ammonium nitrate plants started less. However, with the warming of the weather recently, the influence of northern air limitation disappeared. In addition, due to the complete shutdown of domestic downstream civil explosion industry, domestic ammonium nitrate manufacturers have more stockpiles and the price trend in the field has declined. As of the 1st day, the domestic ammonium nitrate market price negotiations in 1900-2100 yuan/ton, affected by environmental protection, so now many manufacturers in many areas are forced to limit production or stop production and maintenance to accept environmental protection inspection, the price trend of ammonium nitrate on the site is weak.

Recently, the domestic nitric acid price trend is temporarily stable, the market price is 1560 yuan/ton on the 1st day. The stable trend of nitric acid price has little effect on the ammonium nitrate market, and the price trend of ammonium nitrate has slightly declined. The price trend of upstream raw material liquid ammonia is temporarily stable, and the market price of liquid ammonia is 3460 yuan/ton on the 1st day. The temporary stable trend of upstream raw material price has a certain positive impact on the ammonium nitrate market. Market price trends remained stable. At the end of the peak season of the downstream civil explosion industry recently, the demand for ammonium nitrate has weakened and the stocks of ammonium nitrate manufacturers have increased, but the liquid ammonia market is on the rise again. The ammonium nitrate Market has slightly declined due to the bad market. Ammonium nitrate analysts believe that the price of raw materials in the upstream market has risen slightly in the near future, but the demand in the downstream is not good, and the market price of ammonium nitrate in the later period is expected to be shocked.