1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of 55% powdered ammonium phosphate in China was 3130 yuan/ton on March 18th, and 3130 yuan/ton on March 22nd. The market price of 55% powdered ammonium phosphate remained stable this week.

According to the Commodity Market Analysis System of Business Society, the average market price of 64% diammonium phosphate in China was 3976 yuan/ton on March 11th, and 3976 yuan/ton on March 18th. The market price of diammonium phosphate remained stable this week.

2、 Market analysis

This week, the ammonium phosphate market has been operating steadily, with stable quotes from manufacturers. The prices of raw materials such as phosphate ore and sulfur have risen, leading to increased cost support. The demand side is slightly light, and the market trading atmosphere is weakened. Downstream purchases are made on demand, and new transactions are limited. As of March 22, the market price of 55 powder ammonium in Hubei region is around 3000-3100 yuan/ton, and the factory price of 55 powder ammonium in Henan region is around 3100-3200 yuan/ton, with actual negotiations being the main focus. The outbound price of 64% diammonium in Shandong region is around 3900-4050 yuan/ton, and the outbound price of 57% diammonium is around 3650-3730 yuan/ton. The actual transaction is negotiable.

In terms of raw material sulfur. This week, the sulfur market is relatively strong and upward. As of March 22nd, the reference price for sulfur in East China is around 1047 yuan/ton.

In terms of raw material phosphate ore. This week, the phosphate ore market has shown a fluctuating trend of ups and downs. At the beginning of the week, the overall price of phosphate ore in the Yunnan region of China increased, with some mining companies that had previously quoted lower prices raising the price of 30 grade phosphate ore by about 20 yuan/ton. Later, during the mid week period, some mining companies in Guizhou region also lowered the prices of mid to high end grade phosphate ore narrowly based on their own shipments, with a reduction of about 10-30 yuan per ton. The phosphate ore market in other regions mainly continues to consolidate and operate.

3、 Future Market Forecast

According to analysts from Business Society, the current market situation for ammonium phosphate is consolidating. Although there is cost support, downstream demand has weakened. It is expected that the short-term ammonium phosphate market will be weak, with consolidation and operation as the main focus.

1、 Price trend

According to the monitoring of the commodity market analysis system of Business Society, the market price of isopropanol fluctuated and fell this week. Last Thursday, the average price of isopropanol in China was 8360 yuan/ton, while this Thursday’s average price was 8330 yuan/ton. The price dropped by 0.36% during the week.

The market price of isopropanol fluctuated and fell this week. The overall trading situation in the market is light. The raw material acetone market is operating in a fluctuating range, with average cost support. The market situation for isopropanol is lukewarm, and the trust of traders is slightly lacking, resulting in weak market prices and consolidation. As of now, the majority of isopropanol market quotations in Shandong region are around 8100-8250 yuan/ton; The majority of quotes for isopropanol in the Jiangsu region are based on market reference prices of around 8400-8600 yuan/ton.

In terms of raw material acetone, the market price of acetone has fluctuated greatly this week. Last Thursday, the average domestic price of acetone was 7307.5 yuan/ton, while this Thursday’s average price was 7307.5 yuan/ton, and the price has fallen to the same level as last Thursday. At the beginning of the week, port inventory decreased, and traders had support in their mentality. They remained low and offered higher prices. However, downstream factories followed up with average inquiries, and market prices began to fall again.

In terms of propylene, according to the commodity market analysis system of Business Society, the propylene market has been relatively strong and volatile this week. Last Thursday, the average domestic propylene price was 6948.6 yuan/ton, while this Thursday’s average price was 6960.6 yuan/ton, with a price increase of 0.71%. The current overall trading situation of propylene is average, and the local refining inventory is temporarily under stable pressure. It is expected that the propylene market price will remain stable in the short term.

3、 Future Market Forecast

An isopropanol analyst from the Chemical Branch of Shengyishe believes that the upstream acetone price range has fluctuated this week, and the propylene market is relatively strong and volatile, with overall cost support being average. The overall market of isopropanol has not shown much improvement, and downstream enterprises are more cautious and cautious in trading. It is expected that the isopropanol market will remain weak in the short term, with consolidation and operation being the main focus.

Price: 3116 yuan/ton

Analysis: On March 20th, the liquid ammonia market in Shandong region rose. According to the Commodity Market Analysis System of Shengyishe, the daily increase in the main production area of Shandong was 4.82%. The main reason for this week’s maintenance of some equipment failures in the main production areas of Shandong, Henan, and other regions has led to a contraction in the supply side, which has brought positive news and a rise in market prices. On Wednesday, major factories in Shandong and surrounding Hebei and Henan provinces generally raised prices by 100-200 yuan/ton. The market atmosphere is strong, and dealer quotes are rising. However, there has not been a significant improvement in downstream demand, and agricultural demand is still in a gap period. Industrial demand remains strong, and the increase is mainly driven by positive supply side factors. At present, the mainstream quotation in Shandong region is between 3000-3200 yuan/ton.

Prediction: It is expected that northern liquid ammonia enterprises may resume work in the short term, and the tight supply pattern may improve in the later stage. Coupled with the fact that the downstream agricultural peak season has not yet arrived, we are cautious about the future market situation. It is expected that the upward trend of liquid ammonia in the later stage may be difficult to maintain, and the possibility of price reversal cannot be ruled out.

According to the Commodity Market Analysis System of Business Society, the domestic PTMEG price has slightly decreased this week. As of March 19th, the PTMEG price was 20600 yuan/ton, and on March 12th, the PTMEG price was 20933 yuan/ton, a decrease of 333 yuan/ton, a month on month decrease of 1.59%.

In terms of equipment

At present, the overall operating rate of the domestic industry is stable at around 86.2%, an increase of 9.8% year-on-year.

Upstream aspect

From the perspective of the upstream raw material market of PTMEG, the BDO market fluctuated this week, with a current price of 9428 yuan/ton. Recently, some devices have undergone maintenance and restarted, leading to an increase in industry load and an increase in market supply.

In terms of demand

The main downstream spandex price is 30625 yuan/ton, a decrease of 1.33% from last week and 1.57% from the beginning of the month. Terminal manufacturing factories generally indicate that customer inquiries are positive, but it is difficult to complete orders, with small batch orders being the main focus of new foreign trade orders. The overall wait-and-see attitude is obvious. The PU and TPU industries in the polyurethane field have seen a rise in market trends, but the purchasing willingness is not strong.

Future Market Forecast

The operating rate has increased, with significant support from the supply side. However, there is currently no positive expectation for downstream demand at the terminal, and the supply-demand contradiction continues. The overall market situation is stagnant and consolidating. It is expected that the PTMEG market will experience a narrow consolidation.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of domestic caprolactam on March 11th was 13525 yuan/ton, and on March 15th, the average market price of domestic caprolactam was 13300 yuan/ton. This week, the price of caprolactam fell by 1.66%.

2、 Market analysis

The market price of caprolactam has fallen this week. This week, the price of raw material pure benzene has increased, leading to increased cost support. There is a high supply of caprolactam in the market, and downstream purchases are made on demand. The supply and demand side support is weak, and manufacturers and distributors are cautious and cautious. Last week, the final price of Sinopec caprolactam was 13500 yuan/ton, which is a high-quality liquid product.

Raw material pure benzene market. This week, the price of pure benzene has increased. On March 11th, the price of pure benzene was 8342 yuan/ton. On Friday (March 15th), the price of pure benzene was 8550 yuan/ton, an increase of 3.49% compared to last week. This week, the price of Sinopec pure benzene was 8350 yuan/ton.

Downstream PA6 market. The PA6 market price has fallen this week. Enterprise quotations have been lowered, mainly for old customers. As of March 15th, the average reference price for domestic PA6 is 14950 yuan/ton.

3、 Future Market Forecast

Business Society Caprolactam Analysts believe that the caprolactam market has been stabilizing recently. The raw material pure benzene is strengthening, and there is still support on the cost side. But the market supply is sufficient, and terminal demand is limited. Under the supply-demand game, it is expected that the short-term consolidation of the caprolactam market will be the main trend.