On June 15, the price trend of domestic ammonium nitrate was temporarily stable. Due to different production fuels, there was a large gap between manufacturers’ quotations. The mainstream price in the on-site negotiation was 4600-5000 yuan / ton, and the price quotation in Hebei was 5200-5300 yuan / ton. Recently, the price trend of liquid ammonia in the upstream raw material market declined, and the price trend of nitric acid rose. The rising price of raw materials has a certain cost support for the ammonium nitrate Market. However, the sales of the downstream civil explosive industry has come to an end, and the on-site supply of goods has been normal recently, The market price trend of ammonium nitrate is temporarily stable, and it is expected that the price trend will be stable in the later period. The market prices of ammonium nitrate in some domestic regions are as follows:

Region, Price (yuan / ton), Rise and fall (yuan / ton)

Hebei region, 5200-5300., 0

Henan region, 4500-4600., 0

Shaanxi region, 5000-5200., 0

Yunnan region, 2900-3100., 0

Trade name: sulfur

Latest price (June 14):3963.33 yuan / ton

Key points of analysis: according to the price monitoring of the business club, the average price of sulfur in East China today is stable compared with that of yesterday, and the quotation of enterprises is stable and small. The quotation of liquid sulfur in some refineries is slightly increased by 50 yuan / ton, while other prices are temporarily stable. Due to the maintenance of some domestic refineries, the inventory of enterprises is low. The downstream side purchases sulfur steadily and just needs to follow up. The sulfur market operates at a high level. Some operators are resistant to high priced sulfur and look for low-priced sulfur.

Future forecast: the short-term sulfur market will be sorted out and operated, with specific attention to the downstream follow-up.

Price dynamics: on June 13, Sinopec Group in North China: Qilu Petrochemical offered 9950 yuan / ton, and Shijiazhuang Refining & Chemical offered 9900 yuan / ton;

East China: Yangzi Petrochemical offers 10000 yuan / ton;

South China: Hainan Refining & Chemical Co., Ltd. offers 10000 yuan / ton;

Central China: Wuhan ethylene offers 10000 yuan / ton;

Others: Jingbo Petrochemical offers 9950 yuan / ton, HSBC Petrochemical offers 10000 yuan / ton, Weilian chemical offers 9803 yuan / ton, Xinhai Petrochemical offers 10050 yuan / ton, and Hongrun Petrochemical offers 10050 yuan / ton.

Analysis and comments: in terms of crude oil, international crude oil futures ended lower on June 10. The settlement price of the main contract of U.S. WTI crude oil futures was $120.67/barrel, down $0.84 or 0.69%; The settlement price of the main contract of Brent crude oil futures was US $122.01/barrel, down US $1.06 or 0.86%.

Today, Jingbo Petrochemical reduced the price of pure benzene by 100 yuan / ton, Weilian chemical reduced the price of pure benzene by 200 yuan / ton, and Xinhai Petrochemical reduced the price of pure benzene by 100 yuan / ton.

At the end of the pure benzene maintenance period, some downstream units have been shut down for maintenance in succession. The supply is expected to be loose in the later stage, and the downstream demand for high priced pure benzene is reduced. Today, pure benzene fell slightly, and the price of domestic pure benzene was 9800-10050 yuan / ton.

According to the data monitoring of business agency, the polyacrylamide commodity index on June 10 was 97.15, unchanged from yesterday, down 12.88% from the highest point of 111.51 in the cycle (2021-11-03), and up 17.20% from the lowest point of 82.89 on August 2, 2020. (Note: the period refers to the period from April 1, 2019 to now)

Commodity prices: according to the data monitoring of the business agency, the mainstream quotation of polyacrylamide (CPAM, cationic, molecular weight 12million, 10-30 ionic degree) in the domestic market in that week (June 6-10) was stable at about 15900 yuan / ton. The manufacturer’s production is normal and the market inventory is sufficient; The downstream demand is general, and the enterprise has great shipping pressure.

Industry chain: according to the data of business news agency, the mainstream market of upstream raw material acrylonitrile fell from about 11380 yuan / ton to 11240 yuan / ton in the week from June 6 to 10. The supply side of domestic acrylonitrile industry was still loose, and the market quotation was downward; The average price of raw acrylic acid in East China was stable at about 14600 yuan / ton in the current week. Recently, the raw propylene market is weak, the cost support is general, some early maintenance devices on the supply side have been opened one after another, the operating rate has increased, the terminal demand has slowly recovered, the downstream inquiry and procurement are just needed, the demand side is generally followed up, and the market atmosphere is flat. It is expected that the acrylic acid market will be stable, weak and wait-and-see in the short term.

Liquefied natural gas is used in the production process. According to the data monitoring of business agency, the average price of domestic LNG on June 9 was 6326 yuan / ton, down 3.48% from the price of 6554 yuan / ton at the beginning of the month, and up 75.72% compared with the same period last year. Since June, the domestic LNG market price has declined by 3.48% in the cycle, and the market is weak. After the Dragon Boat Festival, with the recovery of logistics, there is a certain demand for replenishment in the downstream. The liquid price in some regions is tentatively raised. There is still a downward trend in many places. The market is mixed, and the overall situation is still weak. According to the business news agency, the domestic liquid market has been weak recently, the price of feed gas has been lowered, and the flexibility of liquid plant price adjustment has been increased. It is expected that it will continue to decline in the short term.

Future forecast: the raw material cost is weak, the downstream demand is general, the market spot inventory is sufficient, and the transaction is not easy. It is expected that the polyacrylamide market will remain stable in the future, supplemented by small adjustments.

On June 9, the mainstream quotation range of 1\tin ingot in the domestic spot tin market was 260500-264500 yuan / ton, with an average price of 262500 yuan / ton, an increase of 6000 yuan / ton compared with the previous trading day.

On the 9th, Shanghai tin rose. Data released by the Indonesian Ministry of trade on Wednesday showed that Indonesia’s refined tin exports in May were 5283.46 tons, down 42.8% from April. The market is expected to tighten the supply in the future, boosting the tin price. In terms of downstream demand, the recent positive domestic policies have been continuously released, and the future market demand is expected to improve. Double positive support tin price upward. However, at present, the overall demand performance of the downstream is general, and the release of demand needs to be digested for a period of time. Therefore, it is expected that the upward space of tin price is limited, and the future market will focus on the downstream construction.