According to the Commodity Market Analysis System of Business Society, as of March 27th, the average quoted price of polyethylene glycol 400 by enterprises is 7550.00 yuan/ton, which is basically the same as the price at the beginning of the month.

In March, the market for polyethylene glycol 400 remained stable with minor fluctuations. As of March 27th, the quotation for some imported PEG400 in the East China market is based on 7700-7900 yuan/ton, while the quotation for some imported PEG400 in the South China market is based on 7800-8000 yuan/ton, for reference only. Actual negotiations are the main focus.

Price influencing factors:

Cost side:

Ethylene oxide: In the production process of polyethylene glycol, ethylene oxide is one of the main raw materials and has a significant impact on the polyethylene glycol market. In March, supported by supply side contraction, the ethylene oxide market maintained a high trend, and costs faced strong support from the polyethylene glycol market. Currently, the utilization rate of ethylene oxide production capacity is at a low level, and downstream cautious observation and follow-up may continue to support the polyethylene glycol market in the short term.

Supply and demand side:

In March, the market supply and demand remained relatively stable, and the demand for polyethylene glycol was widely used. The downstream water reducing agent industry followed up relatively slowly, and the atmosphere for new orders in the market was flat. The downstream pharmaceutical and daily chemical industries maintained stable demand, while the downstream textile industry was in the traditional peak season of “gold, silver, and four”. The enthusiasm for inquiries was still good, and the overall market transactions were mainly based on rigid demand.

Future Market Forecast:

According to polyethylene glycol analysts from Business Society, the trend of the domestic polyethylene glycol market in March was mainly influenced by the raw material ethylene oxide, with downstream inquiries and purchases mainly in demand. The market atmosphere is relatively stable, and it is expected that in April, the trend of polyethylene glycol may follow the raw material ethylene oxide, and more attention should be paid to market news guidance.

After the Spring Festival, the sulfuric acid market has been climbing step by step. According to the Commodity Analysis System of Business Society, the domestic sulfuric acid market prices have significantly increased after the holiday. The price of sulfuric acid increased from 187.50 yuan/ton on February 17th to 298.75 yuan/ton on March 26th, an increase of 111.25 yuan/ton, an increase of 59.33%, and a year-on-year increase of 17.16%.

From the supply side, after the holiday, the operating rate of manufacturers has increased, factory prices have increased, and the inventory of manufacturers is relatively low.

Cost side: The sulfur market has significantly increased

From a cost perspective, the post holiday sulfur market has a positive trading atmosphere, smooth refinery shipments, and an increase in sulfur prices. The price of sulfur increased from 986.67 yuan/ton before the holiday to 1063.33 yuan/ton at the end of the month, an increase of 7.77%, and the price at the end of the month decreased by 9.12% year-on-year. The upstream sulfur market has significantly increased, with good cost support, which has a positive impact on the price of sulfuric acid.

On the demand side: Downstream market fluctuates and rises

From the demand side, the supply of titanium ore is tight, and 18 titanium dioxide companies have successively sent letters to raise prices. The overall confidence in the on-site market is good, and the inventory of manufacturers is tight, causing the titanium dioxide market to fluctuate and rise. The market price of titanium dioxide increased from 16583.33 yuan/ton before the holiday to 17166.67 yuan/ton at the end of the month, an increase of 3.52%. The downstream market of sulfuric acid has slightly increased, and downstream manufacturers are more proactive in purchasing sulfuric acid.

Looking at the future: In mid to early April, the domestic sulfuric acid market may experience a slight fluctuation and rise, with consolidation being the main trend. The downstream titanium dioxide market is fluctuating and rising, and the downstream has a good enthusiasm for purchasing sulfuric acid. The upstream sulfur price has significantly increased, leading to increased cost support. The sulfuric acid analyst from Business Society believes that in the short term, the sulfuric acid market may experience slight fluctuations and gains due to various factors such as supply and demand and raw materials, with consolidation being the main trend.

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.