1、 Price trend

 

According to the data of the business club’s block list, this week, the price of pure benzene followed the trend of crude oil and styrene, falling continuously. On March 14, the price of pure benzene was 6400-6750 yuan / ton (average price: 6670 yuan / ton); on Sunday (March 21), the price of pure benzene was 6003-6650 yuan / ton (average price: 6450 yuan / ton), which was 3.3% lower than last week and 67.97% higher than the same period last year.

 

2、 Analysis and comment

 

This week, the main downstream styrene spot and futures prices of pure benzene fell sharply, the profit space was greatly compressed, and pure benzene followed the decline driven by bad news. Crude oil plummeted on Thursday, which was bad for domestic bulk commodity market. Pure benzene, as the downstream of crude oil, was greatly affected by crude oil, and the focus of spot market weakened. This week, pure benzene port inventory continued to fall, in the de inventory channel, inventory pressure is small, limiting its decline. This week, the price of some SINOPEC enterprises in North China was lowered to 6500 yuan / ton, while that in other regions was basically 6650 yuan / ton.

 

In terms of external market, the reference price of pure benzene in South Korea market on Friday (March 19) was 761.33 US dollars / ton, down 83.67 US dollars / ton or 9.9% on March 12, and the reference price of import in East China was 800 US dollars / ton, down 69 US dollars / ton or 7.94% on March 12.

 

In terms of crude oil, crude oil plummeted this week, which flattened the previous gains. International oil prices have plummeted under the pressure of multiple bad news such as the continuous growth of US crude oil stocks for four weeks, the tightening of blockade measures caused by a new wave of epidemic in Europe, the blocked vaccination, the stronger US dollar exchange rate and the soaring US debt yield. On March 12, Brent fell $5.565/barrel, or 8.03%; WTI fell $4.2/barrel, or 6.4%.

 

Downstream: styrene: this week, styrene continued to decline, and profits were quickly compressed to near the theoretical cost. This week, the speed of styrene port going to the warehouse is accelerating, which has a certain support for the price. However, with the early maintenance devices being put into operation and the new production capacity being put into operation, the domestic supply is increasing. ABS in the downstream continued to fall, and the inventory pressure of some EPS factories was obvious, and the market was short of gas. On March 21, the price of sample enterprises was 8483.33 yuan / ton, down 7.29% compared with last week, and up 50.59% compared with the same period last year.

 

Aniline: aniline Market is in short supply, mainly in Shandong Province. On March 19, the price of aniline was 14000-15500 yuan / ton in Shandong and 13500 yuan / ton in Nanjing, up 15.9% from last week and 139.55% from the same period last year.

 

3、 Future forecast

 

In terms of crude oil, a new wave of epidemic situation in Europe has led to the weakening of market demand for crude oil and increased worries, putting pressure on the trend of crude oil. However, the background of global economic recovery has not changed, and the overall direction of crude oil market is still upward.

 

Downstream: the profit margin of most downstream products is large, and most of the inventory is low, the spot buying is more active, and the demand for pure benzene is better supported. Styrene: the start-up load of styrene is expected to rise, the overhaul of Anqing Petrochemical plant is delayed, and the styrene plants in baling, Yuhuang and Keyuan are about to restart, so the demand for pure benzene is increasing. However, under the expectation of insufficient export support, increased supply and low demand, the short-term styrene market is still expected to be in the shock consolidation stage after rapid rise and fall.

 

At present, the downstream styrene market is the main reason restricting the trend of pure benzene. It is expected that the short-term pure benzene will follow the shock finishing of styrene, and there will be a slight decline. However, due to the impending overhaul of several pure benzene units, the low inventory of Sinopec pure benzene and the high price support, the pure benzene market still has a rebound momentum. Continue to pay attention to the downstream market, domestic and foreign pure benzene plant trends, crude oil, the impact of external market trends on the price of pure benzene.

sulphamic acid

1、 Price trend

 

The domestic propylene (Shandong) market went up slightly this week and then fell down, according to the data of the business club’s block list. It was 8567 yuan / ton at the beginning of the week, 8467 yuan / ton at the end of the week, with a weekly decrease of 1.11%; it was 8578 yuan / ton on Tuesday and Wednesday, with a weekly increase of 1.29%.

 

2、 Analysis and comment

 

According to the price chart of the business society, affected by the upstream and downstream, the propylene price rose again and again in the second half of February, which was at a high level for many years. It was generally stable at the end of the month and the beginning of the month. The price began to decline on the 4th, and generally rebounded on the 8th. The price rose 150-250 yuan / ton in two days, and then generally stabilized. The price rose about 50 yuan / ton again on the 12th, and continued to rise 50 yuan / ton on the 15th, starting from the 16th It began to stabilize. On the 18th, the price dropped slightly. Today, it continued to decline by about 100 yuan / ton. Now, the market transaction is between 8400 yuan / ton and 8700 yuan / ton, and the mainstream price is about 8400 yuan / ton. The US propylene market dropped sharply on the 18th, which also had a certain impact on the domestic market. Propylene market is now no pressure on inventory, shipment is relatively smooth.

 

On March 18, crude oil prices fell sharply, which had a certain effect on the cost of propylene.

 

This week, the price of PP also went down at the weekend, with a weekly decline of 2.11%. The futures market also continued to decline, which had a negative impact on C.

 

The price of acrylic acid decreased slightly this week, with a weekly decrease of 0.28%, which had little effect on propylene.

 

This week, the market of propylene oxide rose slightly, with a weekly increase of 0.50%, which had little effect on propylene.

 

Epichlorohydrin market also rose slightly this week, with a weekly increase of 0.84%, slightly pulling up propylene.

 

This week, the domestic n-butanol price continued to decline, with a weekly decline of 3.15%, which had a small inhibitory effect on the propylene market.

 

This week, the price of isooctanol continued to decline, with a weekly decline of 5.67%, which has a certain suppression effect on propylene.

 

Isopropanol prices stabilized after the downward trend this week, with a weekly decline of 4.95%, which had limited negative impact on propylene.

 

The phenol Market in East China also fell at the end of the week, with a weekly decline of 1.81%, which had a slight negative impact on propylene.

 

The acetone market in East China stabilized after the downward quotation of manufacturers this week, with a weekly decline of 4.70%, which had a negative impact on propylene.

 

3、 Future forecast

 

The propylene analyst of business society chemical branch thinks: Overall, the international production has recovered slightly, the domestic inventory is small, the crude oil price has decreased significantly, the downstream operating rate is acceptable, but the market is mostly in a downward trend, and the propylene is still at a high level recently, and it is expected that the market will continue to decline in the future.

sulphamic acid

1、 Price trend

 

Isopropanol prices fell this week, according to commodity data monitoring. The average price of isopropanol in China was 9633.33 yuan / ton last Thursday and 8966.67 yuan / ton this Thursday. The price was reduced by 6.92% within the week.

 

2、 Market analysis

 

Figure: price trend comparison of acetone and isopropanol from December to February

 

Isopropanol prices fell this week. Internationally, isopropanol in the United States rose sharply on March 16, while isopropanol market in Europe rose. So far, the negotiation range of isopropanol in Shandong Province is about 8600-8900 yuan / ton, and that of isopropanol in Jiangsu Province is about 8700-9200 yuan / ton. Zhejiang isopropanol negotiation range is around 8900-9000 yuan / ton. In recent days, the domestic isopropanol market is weak and the atmosphere in the market is empty.

 

In terms of raw material acetone, this week, petrochemical manufacturers concentrated on making up for the drop. Yesterday, the market negotiation reached 8450-8550 yuan / ton, which put pressure on the market holders. However, some of them still held high prices but could not come out at low prices. Near the closing, the market picked up slightly, and most of them offered 8500 yuan / ton. It is expected that the weak market in East China will advance steadily, and the market negotiation price in East China will be 8500 yuan / ton.

 

In terms of raw material propylene, the market price of propylene in Shandong fell today. The current market turnover is between 8500 ~ 8600 yuan / ton, and the mainstream price is about 8500 yuan / ton. The impact of low temperature still exists in the United States and the capacity recovery is general; the impact of propylene in Japan is reduced and the capacity recovery is slight. At present, the international production has recovered slightly, the domestic inventory is general, the crude oil price has decreased slightly, the downstream operation rate is acceptable, and the effect of increasing is not obvious. Moreover, propylene is still at a high level in the near future, and it is expected that there will be a slight downward trend in the future

 

3、 Future forecast

 

The isopropanol analyst of business society Chemical Branch said: the domestic isopropanol market trading atmosphere is light, and the factory inventory pressure is rising. Downstream wait-and-see sentiment is obvious, more inquiries, take goods very carefully, domestic isopropanol prices loose. The prices of raw materials acetone and propylene both fell, but they were still high. The cost was under pressure. The operating rate of acetone isopropanol was low, and the profit of propylene plant continued to weaken. However, the price of isopropanol is expected to decrease within a limited range in the short term.

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Price trend

 

According to the data monitoring of business news agency, the DOP market fluctuated and fell in March, with no support from the industrial chain, and the DOP price fluctuated and fell. As of March 17, the DOP price was 12700.00 yuan / ton, down 7.97% from 13800.00 yuan / ton on March 1. Industry chain support no longer, DOP market plummeted.

 

Isooctanol tends to stabilize

 

It can be seen from the price trend chart of isooctanol that the price of isooctanol fluctuated and fell in March, the cost of DOP raw materials fell, DOP lost its support, and the price of DOP fell precipitously. In the first ten days of March, the price of octanol fell slightly, and the downward pressure of DOP was limited. After that, the price of octanol fell sharply, the cost of DOP dropped greatly, and the downward pressure increased. Overall, the momentum of DOP’s rise in the future is weakened, and the downward pressure is increased.

 

Phthalic anhydride tends to be stable

 

From the trend chart of phthalic anhydride, we can see that the price of phthalic anhydride continued to fall in March, the cost of raw material phthalic anhydride of DOP continued to decline, the cost of DOP decreased, and the downward pressure of DOP increased in the future.

 

Downstream market of industrial chain

 

It can be seen from the PVC price trend chart that the PVC price first fell and then rose in March. Affected by the decline of DOP price, the PVC price fell slightly. With the recovery of PVC demand, the PVC market rose, the PVC price fluctuated and rose, and the downstream market warmed up, the plasticizer DOP market had a certain positive effect, and the DOP rising power still remained.

 

Market summary and future expectation

 

Bai Jiaxin, DOP data analyst of business news agency, believes that DOP prices hit a cycle high on February 25, 2021 (the cycle refers to 2011-09-01 so far), which is mainly supported by the continuous rise of raw material prices. Later, with the decline of raw material prices, DOP costs fell, and DOP prices fluctuated and fell. Before March 10, due to the high price of isooctanol, the cost of DOP was high and the profit was low, and the drop space of DOP was limited. Then, with the sharp drop of the price of isooctanol, the cost of DOP decreased, the drop space of DOP increased, and the price of DOP plummeted. Although the downstream PVC market is warming up, DOP demand is rising, and DOP price rebounds slightly, the rising power brought by the increasing demand is not enough to support the continuous rise of DOP. With the increase of DOP enterprise operating rate, the pressure of supply and demand is alleviated, the demand support is weakened, the rising power of DOP in the future is weakened, and the falling pressure is increased. Generally speaking, the DOP cost in the future will decrease, the operating rate of enterprises will increase, the support for DOP rise will weaken, and the high price will cause the cost pressure of downstream products to be too high, and the downstream customers will have greater resistance to the high price DOP. At present, the operating rate of DOP enterprises is low, and the recovery of PVC market will increase the operating rate of DOP enterprises, which has limited power for the rise of DOP market. DOP market is expected to fall slightly in the future.

sulphamic acid

1、 Price trend

 

According to the price monitoring of business association, on March 12, the average price of salicylic acid (industrial grade) mainstream manufacturers was 14466.67 yuan / ton, which was the same as that at the beginning of the week, with a month on month increase of 3.83% and a year-on-year decrease of 5.65%.

 

2、 Market analysis

 

This week, the price of salicylic acid was stable, stable and strong. Strong cost support, salicylic acid manufacturers maintain a high price operation, stable downstream demand, active procurement, good market trading atmosphere, high start-up, stable price delivery, and peace of mind. As of March 12, the quotations of salicylic acid industrial grade enterprises were mostly in the range of 13000-15000 yuan / ton, pharmaceutical grade enterprises were mostly in the range of 23000-25600 yuan / ton, the quotations were stable, and sublimation grade enterprises were mostly in the range of 15000-20000 yuan / ton, the quotations were stable.

 

In terms of raw materials, the domestic phenol market fluctuated limited and went down in a narrow range over the weekend. On the supply side, the operation rate of phenol ketone plant was stable, and the port inventory increased. However, on the whole, the pressure on the supply side was not great, and the stock of cargo holders pushed up. At present, the whole chemical market is seriously speculation, the price is high, there is no lack of resistance in the downstream, the center of gravity is narrow, and the trading is poor. The Business Association expects the domestic phenol Market to be volatile and wait-and-see, and the price reference of phenol Market in East China is expected to be 8750-8900 yuan / ton.

 

On March 12, the salicylic acid commodity index was 86.11, which was the same as yesterday, decreased by 14.40% from the highest point of 100.60 (2011-09-19) in the cycle, and increased by 20.55% from the lowest point of 71.43 on March 29, 2016. (Note: period refers to the period from September 1, 2011 to now)

 

3、 Future forecast

 

Salicylic acid analysts of business news agency believe that: strong cost support, stable downstream demand, good market trading atmosphere, calm mentality of manufacturers, and the short-term market is expected to maintain stable operation.

sulphamic acid