According to the data of the business news agency’s block list, the price trend of TDI market was downward. On the 30th, the average price of East China market was 13866.67 yuan / ton, down 2.35% month on month.

Domestic TDI market wait-and-see finishing, floor trading atmosphere continues to be light, the offer enthusiasm of the goods holders is not high, the downstream inquiry is general, the terminal market is in the off-season, just need to purchase mainly, and the market becomes a small number of orders. By the end of June 30, TDI’s domestic goods with tickets out of East China market should be around 13200-13400 yuan / ton, and Shanghai’s goods with tickets out should be around 13600-13700 yuan / ton.

The upstream toluene market was weak and volatile, supported by high crude oil level, and there was a strong wait-and-see mood in the market. On the 30th, the domestic average price of toluene was 5761 yuan / ton, which was stable compared with yesterday’s price. Due to weak demand and maintenance of some downstream devices, toluene is expected to maintain weak and volatile, so we should pay attention to the maintenance of toluene devices.

According to TDI data analyst of business society, at present, the domestic TDI market has a strong wait-and-see attitude, and the shippers are not enthusiastic about shipping. They maintain the principle of negotiation. Judging from the dynamics of large factories at the end of the month, the overall market fluctuates little, while the downstream market is in the off-season, and there is no good news to support the market. It is expected that the TDI market will maintain a stable operation in the later period, and pay attention to the dynamics of the terminal downstream.

On June 29, most of the energy and chemical products in the domestic commodity futures market fell, with the main PTA futures 2109 closing at 5044 yuan / ton, down 130 yuan / ton, or 2.51%. The spot market followed suit, with an average price of 5100 yuan / ton, down 1.12% from the previous day and up 40.87% year on year.

Crude oil rush down, bad market mentality. As of June 28, international crude oil WTI closed at US $72.91/barrel, down US $1.14/barrel compared with the previous trading day, while Brent closed at US $74.68/barrel, down US $1.50/barrel compared with the previous trading day.

Recent domestic PTA plant changes unit: 10000 tons / year

manufacturing enterprise Plant capacity Device changes

Ningbo Yisheng sixty-five Permanent closure on June 29

Yisheng new materials three hundred and thirty Start the test run around June 20

Hailun petrochemical one hundred and twenty It will stop around June 7 and restart in early August

Yizheng Chemical Fiber sixty-five Maintenance on June 25 for one week

Hengli Dalian two hundred and fifty It was originally planned to be overhauled for 2 weeks on June 1, 2021, but now it is postponed

In terms of equipment, Ningbo Yisheng 650000t / A was shut down permanently on June 29. Yisheng new material 3.3 million tons / year started its test run around June 20. At present, the operating rate of PTA industry is around 84%.

The downstream polyester maintains 90% of the high starting load, and the polyester filament price of mainstream factories in Jiangsu and Zhejiang increases by 50-200 yuan / ton. Due to the influence of off-season, the orders of terminal textile are light, the enthusiasm of factory production is not high, and it is mainly cautious to wait and see for raw materials.

Business analysts believe that the current high crude oil down and PTA processing fees high, resulting in PTA market down. Later still need to pay attention to PTA new capacity test news, as well as crude oil trend.

Commodity index: on June 28, the polyacrylamide commodity index was 88.35, which was the same as yesterday, decreased by 17.53% compared with the highest point 107.13 in the cycle (May 8, 2019), and increased by 6.59% compared with the lowest point 82.89 on August 2, 2020（ Note: period refers to from April 1, 2019 to now)

Data show that since the second quarter, the trend of domestic polyacrylamide has experienced a short-term upward trend, then a stable high, and then a small fluctuation. In the first and middle of April, the water treatment plants in the main production areas of Henan continued to stop production due to the environmental protection inspection started in the middle of March, and went through the repeated process of stopping production and resuming production intermittently. Finally, they officially resumed production in the last ten days of April, and the market in the first half of the month showed a slight upward trend. On May 1, the domestic cationic price of polyacrylamide (molecular weight 12 million, ionicity 10-30) was 15433.33 yuan / ton, and on May 15, the mainstream price was 15383.33 yuan / ton. On May 16, the price was reduced by 3.4% to 14860 yuan / ton, and then it was reduced to 14383.33 yuan / ton on May 31. In June, the price fluctuation range of polyacrylamide was no more than 1%, showing the process of leveling first, then going up again. On the 28th, the monthly increase was only 0.53%. To sum up, since the second quarter, polyacrylamide has decreased by about 4.34% in general, especially in the second half of May. The highest price in this quarter is 15433.33 yuan / ton, the lowest price is 14300 yuan / ton, and the maximum amplitude is 7.34%.

Upstream raw material: in the second quarter, the domestic mainstream market price of raw material acrylonitrile continued to decline, and the mainstream market price in early April stabilized at about 14400 yuan / ton at the end of the month, with a downward rate of 10%. In May, after the end of the May Day holiday, there was a short-term uptrend first, and then a continuous downward shock. On the 25th, there was a rebound of about 150 yuan / ton, and then it stabilized. Until the 31st, it increased by 50-100 yuan / ton again. The current market mainstream quotation is about 14100-14300 yuan / ton. In June, the market of acrylonitrile rose rapidly, then fluctuated, weakened slightly, and then remained stable. The mainstream price on the 1st was about 14800 yuan / ton, the highest price on the 10th was 15040 yuan / ton, and the mainstream price at the end of the month was about 14600-14790 yuan / ton, up 2.14% so far. Overall, acrylonitrile showed a downward trend in April and may, with a downward trend of about 13%; In the first half of June, the attitude of rapid rise, or 3.87%, declined slightly in the second half, or 1.47%.

Secondly, natural gas is used in the production process. In April, the LPG civil market continued to rise sharply, and the price kept rising in the first half of the month, especially after the Qingming Festival holiday; However, in late April, the price of liquefied petroleum gas for civilian use showed a “slide” market, and remained stable after a 5-6% drop. In May, the LPG market experienced twists and turns, showing an overall upward trend; According to the data monitoring of the business society, the average price of LPG in Shandong market on May 5 was 4066.67 yuan / ton, and on March 31 was 4143.33 yuan / ton, with an increase of 156.66 yuan / ton. In fact, the highest price in May was 4306.67 yuan / ton, and the lowest price was 4133.33 yuan / ton, with a monthly maximum amplitude of 4.02%. In June, at the beginning of the month, 4143.33 yuan / ton, the rise of international crude oil led Shandong civil gas market to stop falling and go up. After the Dragon Boat Festival, Shandong civil gas market was supported by good news and went up as a whole, but the price rise did not continue. Weak terminal demand brought obvious constraints to the market, and the upward route was blocked again. As of the 28th, the mainstream price of Shandong civil gas market was 4266.67 yuan / ton. In the second quarter, the domestic mainstream quotation of LPG fluctuated greatly, with the highest price of 4410 yuan / ton and the lowest price of 4000 yuan / ton, and the maximum amplitude of 10.25%.

Downstream demand: in this quarter, the environmental protection shutdown period of the previous quarter was extended, the inventory was consumed, and the price rose slightly. However, after the resumption of production, the production of the enterprise recovered, the inventory increased rapidly, and the change of downstream demand was still tepid, the polyacrylamide inventory accumulated, and the demand was weak, which played a reverse role on the market, And this quarter polyacrylamide has a small rise, mainly affected by changes in raw material prices. During the three months of this quarter, although some manufacturers occasionally stopped production, the overall inventory was sufficient, the demand was general, and the polyacrylamide market was generally weak.

Future forecast: according to the analysis of the business community, since the second quarter, the factory has started to return to normal, the supply of goods is sufficient, the demand has not changed significantly, and the market has no action. The only thing worth noting is that due to the sharp rise of crude oil in this quarter, the downstream industry chain rose, and the price of propylene also went up; As the downstream of propylene, the price of acrylonitrile has increased to a certain extent, but because of its weak downstream promotion, the upward range is small and the sustainability is not strong; As the downstream of acrylonitrile, the joint action of polyacrylamide weakened again, and the downstream demand was not strong, which led to the overall weak price; At the same time, the role of LPG price changes has not been correctly reflected. Generally speaking, since the second quarter, the polyacrylamide market is weak and volatile, and there will be no obvious changes in the short term; However, if crude oil continues to rise significantly, over time, the polyacrylamide market as an indirect downstream may be reflected.

According to the data monitored by the business community, as of June 25, the average price of PMMA, a domestic general transparent high-grade product, was 17233.33 yuan / ton this week. The overall market maintained a stable operation this week. The quotation range of mainstream manufacturers maintained about 17000 yuan / ton. The focus of negotiation was stable, and the downstream just needed to purchase, which maintained a stable trend in the short term.

This week, the domestic PMMA was running smoothly with general transaction atmosphere. The downstream just needed to purchase, and the negotiation atmosphere was flat. Some manufacturers were tight in supply of spot goods. The upstream MMA was running smoothly, and just needed to purchase, with actual single and actual talks.

On June 24, the rubber and plastic index was 775 points, flat with yesterday, down 26.89% from 1060 points (2012-03-14), the highest point in the cycle, and up 46.78% from 528 points, the lowest point on April 6, 2020（ Note: period refers to the period from December 1, 2011 to now

PMMA analysts of business news agency think: the supply and demand of PMMA market is balanced, and it will maintain stable operation in the short term（ If you want to get more information about goods and master the price of goods, you can subscribe to the business community through the official account of the business community.

The price of ethylene oxide is stable this month, and the ex factory price is 6900 yuan / ton.

The cost side fluctuated significantly this month. With the advance of vaccination in Europe, the United States and China and the lifting of economic blockade, the tight supply prospect has led to the rise of oil prices. In addition, the passage of the US infrastructure proposal has made the market optimistic about the prospect of energy demand. Crude oil prices have been further supported, and futures prices have reached the highest level in more than two years. Up to now, the external price of ethylene in Northeast Asia is US $870 / ton, and that in Southeast Asia is US $835 / ton. Compared with the beginning of this month, the price of ethanolamine rose slightly, the price fluctuation of downstream monomer was not obvious, the market was weak and stable, and the low price order was acceptable. In terms of equipment, Sinochem Quanzhou short-term shutdown, Taixing Jinyan and Jilin Petrochemical are under maintenance.

At present, it is stable for the time being. Although there is a rebound trend on the cost side, and the tight supply of EO on the floor further intensifies the rising atmosphere, it seems that the improvement of demand is still the main factor determining whether the price rises or not.