Price trend

According to the price monitoring of business society, the price trend of sulfur first rose and then fell in April, and the market situation was strong. As of April 29, the average ex factory price of sulfur market in East China was 3586.67 yuan / ton, an increase of 5.91% in the month compared with 3386.67 yuan / ton at the beginning of the month.

In April, the domestic sulfur market was strong, and the price rose during the month. Domestic refineries were overhauled and there was no pressure on enterprise inventory. In the early stage, the downstream sulfuric acid market was supported, and the demand for liquid sulfur increased. In addition, the shortage of port spot and high price supported the domestic sulfur fixation price. The quotation of on-site traders continued to rise. At the end of the month, the downstream sulfuric acid market was weak, the support for sulfur decreased, the logistics in Shandong was limited, the enterprise shipment was difficult, and the sulfur price decreased slightly.

Downstream market of industrial chain

The market of downstream sulfuric acid rose first and then fell in April. The price rose at 1133.33 yuan / ton at the beginning of the month and 1168.33 yuan / ton at the end of the month, an overall increase of 35 yuan / ton, an increase of 3.31% in the month. During the month, the mainstream domestic sulfuric acid manufacturers produced at low load and had less inventory. The downstream purchase fell compared with the previous month. The enterprise’s shipment was ok, the quotation increased according to the trend, and the market was strong in the month.

In terms of phosphate fertilizer, the market in April was stable and good, the market price of Monoammonium continued to rise, the enterprise has sufficient waiting volume, and the market is strong at a high level; The diammonium market has been sorted out at a high level, the price trend has increased slightly, the supply of diammonium is tight, the downstream is purchased on demand, the on-site trading is OK, and the traders operate with caution. The demand of phosphate fertilizer enterprises is stable, and the market of ammonium phosphate is dominant on the whole.

Future forecast

According to the sulfur analyst of business society, from the perspective of supply and demand performance, there is no pressure on the inventory of refineries in the domestic region, the downstream demand is good, and the market supply is short of demand. However, due to the impact of the epidemic, the transportation is limited, and the on-site trading is weakened. The short-term sulfur aftermarket situation is waiting to be sorted out, or it may rise, so we pay specific attention to the market transaction situation.

Latest price (April 28): 17666.67 yuan / ton

Key points of analysis: according to the data monitoring chart of business agency, the price of refrigerant R22 was temporarily stable on April 27, unchanged from the previous day, with a year-on-year increase of 6.43%. The price of raw materials hydrofluoric acid and chloroform fell slightly, and the cost support became weaker. Moreover, with the completion of Dongyue maintenance, the market supply increased, while the demand did not increase. Under the bad conditions of many parties, the price of R22 fell steadily. At present, the price of raw material hydrofluoric acid is mostly 11560 yuan / ton, the price of chloroform is about 5490 yuan / ton, and the market quotation of R22 is mostly in the range of 17500-18000 yuan / ton.

R22 market is expected to fall steadily.

According to the data monitoring of business agency, the average market price of dimethyl ether in Henan was 4095.00 yuan / ton on April 26 and 4120.00 yuan / ton on April 27, with a single day increase of 0.61%, an increase of 7.57% compared with March 1.

On the 27th, the domestic dimethyl ether market price was strong, the ex factory price was raised in Henan market, and the markets in Hebei and Shandong were mainly stable. At present, due to the favorable shutdown and maintenance of some manufacturers in Henan Province, the manufacturer’s mentality is strong, and the ex factory price increases by more than 50 yuan / ton. However, the civil market of raw methanol and related products liquefied gas is weak, and the market mentality is bad. It is expected that the rise of dimethyl ether market will be limited in the short term, and it will still be weak in the long term.

Latest price (April 26): 24166.67 yuan / ton

Key points of analysis: according to the data monitoring chart of business agency, the price of refrigerant R134a was temporarily stable on April 26, unchanged from the previous day, with a year-on-year increase of 6.93%. The price of raw materials hydrofluoric acid and trichloroethylene fell to about 8000 yuan, the cost support fell, and the market transaction was still flat. Enterprises mainly reduced prices and arranged warehouses, and the actual transaction was lower than the offer. Up to now, the price of raw hydrofluoric acid is about 11560 yuan / ton, and the market quotation of R134a is mostly in the range of 23000-26000 yuan / ton.

R134a is expected to decline steadily in the short term.

Latest price (April 25): 8890 yuan / ton

Key points of analysis: on April 25, the average domestic spot price of pvc5 was 8890 yuan / ton, down 0.67% from the previous trading day and up 0.81% year-on-year. Futures prices fell, dampening market sentiment, and spot market quotations fell. PVC enterprises’ offers were significantly reduced, and the transaction atmosphere was light, and the price of raw materials was reduced, resulting in strong wait-and-see sentiment in the market. Up to now, the price of raw calcium carbide is about 3950-4100 yuan / ton, and the price of PVC is 8700-9100 yuan / ton.

The PVC market is expected to be stable and weak.