Trade name: formic acid

Latest price (April 11): 7266.67 yuan / ton

On April 11, the market price of industrial grade 85% formic acid was at a high level, flat compared with the previous trading day, and increased by 43.42% compared with the price on March 11. At present, the price of main raw material methanol is weak, the cost support is limited, a large factory at the supply side is overhauled, the market supply is reduced, the main downstream just needs to follow up, the export orders are increased, and the supply and demand support is strong.

It is expected that in the short term, the formic acid market may be dominated by strong operation.

1、 Price trend

According to commodity data monitoring, the price of yellow phosphorus in Yunnan and Guizhou decreased. The average price of yellow phosphorus was 36750 yuan / ton last Friday and 36500 yuan / ton this Friday. The price decreased by 0.68% during the week.

2、 Market analysis

This week, the focus of the domestic yellow phosphorus market is down, the overall market trading situation is general, and the logistics in some regions is blocked. Downstream enquiries increased, but the goods were taken more cautiously, the price was pressed more, and the enterprise quotation decreased slightly. Up to now, the mainstream quotation of yellow phosphorus in Yunnan is 35000-37000 yuan / ton; The quotation of Sichuan yellow phosphorus is about 36000 yuan / ton; The quotation of Guizhou yellow phosphorus is about 36500 yuan / ton.

In terms of phosphate rock, as of April 7, the reference average price of 30% grade phosphate ore in the mainstream areas of China was around 763 yuan / ton. Compared with the price on April 1 (the reference average price of phosphate rock was 740 yuan / ton), the average price increased by 23 yuan / ton, or 3.15%. April is the peak season for spring ploughing and sowing. The demand for phosphate fertilizer at the downstream of phosphate rock terminal increases to support the market. In addition, the short-term supply in the phosphate ore field is tight, and now the improvement is limited. Therefore, the phosphate ore data division of business society believes that in the short term, China’s domestic phosphate ore market will mainly focus on high-level consolidation and operation.

In terms of coke, from April 1 to April 8, 2022, the price of coke market in Shanxi was 3394 yuan / ton last weekend and 3394 yuan / ton this weekend, flat. The coke market price is temporarily stable, and the overall market is strong. The main production areas such as Hebei, Shanxi and Shandong have increased. This round of increase of 200 yuan / ton has not been implemented yet. In terms of supply: Recently, the profits of coking enterprises are OK, the enterprises start actively, supported by the rising price of upstream coking coal. At present, coking enterprises have a positive attitude of raising prices. Affected by the control measures in Shanxi, the automobile transportation is difficult, and the coke inventory in the plant has increased to a certain extent. In terms of demand, the recent commencement of steel mills has been improved to a certain extent, and they are active in replenishing coke storage. Downstream demand: the passive production restriction of steel mills has been basically lifted, the resumption of production is positive, the demand for coke has been further increased, and the demand for coke is expected to be good. It is expected that the coke market will run stronger as a whole, and the follow-up will focus on transportation and coke inventory in all links.

In terms of phosphoric acid, the market price of phosphoric acid is stable this week. The phosphoric acid market started smoothly, the prices of most enterprises continued to remain stable, the downstream purchasing attitude was cautious and wait-and-see, and the transactions were generally concluded after the price of phosphoric acid increased.

3、 Future forecast

The yellow phosphorus analyst of the chemical branch of business society believes that the price of yellow phosphorus has been lowered this week, there are more downstream price reductions, orders are received cautiously, and the overall market demand is general. The upstream phosphate rock rose slightly, the rise of coke market has not yet landed, and the cost support is acceptable. It is expected that the price trend of yellow phosphorus will be deadlocked in the short term.

Trade name: titanium dioxide

Latest price April 7: 21100 yuan / ton

Key points of analysis: on April 7, the domestic titanium dioxide market price remained stable. At present, the trading situation in the domestic market is cold. Affected by the epidemic, the logistics in some regions is blocked. The enthusiasm of downstream enterprises to take goods is not high, and the wait-and-see mood is obvious.

It is expected that the titanium dioxide market will operate stably in the short term.

Trade name: sulfur

Latest price (April 6): 3426.67 yuan / ton

Key points of analysis: according to the price monitoring of business society, the average price of sulfur in East China today increased by 2.49% compared with yesterday. The downstream sulfuric acid market continued to be strong and upward, and the support for sulfur demand was good. In addition, the supply of goods in the port was tight, the market operated at a high level, and many parties were good. The mentality in the field was optimistic. After the festival, individual refineries increased by 150 yuan / ton, and the market continued to rise.

Follow up the high-level sulfur market in the downstream market and pay attention to the specific situation in the downstream market.

According to the monitoring data of business agency, from March 25 to April 2, the domestic asphalt market fluctuated in a narrow range. The average spot price rose from 3959 yuan / ton to 3969 yuan / ton. During the cycle, the price rose by 0.25%, 10.34% month on month and 27.76% year-on-year.

The domestic asphalt market shows a trend of rising first and then falling, and the overall average price is the main behavior. In terms of regions, the price increase in Southwest China was the most obvious during the week, mainly affected by crude oil and Sinopec’s price increase of 50 yuan / ton; The second is Shandong’s price increase of 65 yuan / ton, mainly Qilu Petrochemical’s price increase of 120 yuan / ton during the week; The price in North China and East China increased by 50 yuan / ton. The price in East China was mainly increased by 20-50 yuan / ton by SINOPEC. North China was mainly affected by the price of crude oil, and the price rose first and then fell.

As of April 2, the factory quotation summary of major asphalt manufacturers in Shandong:

Enterprise, Device, Price

HSBC petrochemical, A 2.3 million T / a atmospheric and vacuum distillation unit was started, with a daily output of 2000 tons, 4430 yuan / ton

Jincheng petrochemical, 1500 tons per day ., 4000 yuan / ton

Kelida., There are two sets of atmospheric and vacuum distillation, one set of 3.2 million T / a atmospheric and vacuum distillation and one set of 1.2 million T / a atmospheric and vacuum distillation, 4000 yuan / ton

Dongming Petrochemical, A set of 3 million T / a atmospheric and vacuum distillation unit is currently converted to residual oil, and the inventory will not be shipped temporarily, with a daily output of 2500-3000, ton 4450 yuan / ton

Shenchi chemical, Normal shipment, / Yuan / ton

Comparison chart of crude oil and asphalt price trend of business society:

The international crude oil fluctuated sharply, the spot fluctuation in the asphalt market was limited, and the fundamentals maintained the weak pattern of supply and demand. As the weather improves in the south, there may be a slight increase in demand.. Asphalt analysts of business society expect that the domestic asphalt market mainly fluctuates in a narrow range.