1、 Price trend

 

According to the data of business news agency’s block list, domestic mixed xylene rose first and then fell this week, and the price rose slightly compared with last week. On March 7, the price of mixed xylene was 5430 yuan / ton; on this Sunday (March 14), the price was 5500 yuan / ton, up 70 yuan / ton or 1.29% from last week.

 

2、 Analysis and comment

 

This week, Sinopec’s mixed xylene price adjustment range is + 50 / + 150 (yuan / ton). This week, the xylene inventory of ports in East and South China decreased, while the inventory of ports in South China decreased significantly. Xylene market is restricted by weak downstream demand. The negotiation is general in the week, and market participants are cautious. In terms of external market, as of March 12, the price of South Korea’s imported mixed xylene was 753 US dollars / ton, which was flat on March 5, and the reference price of domestic imported mixed xylene was 771 US dollars / ton, which was down 1 US dollars / ton, or 0.13%, on March 5.

 

In terms of crude oil, crude oil showed a rising and falling trend this week. OPEC + decided to extend production reduction, and OPEC raised its oil demand forecast to support oil prices. However, the rapid rise caused market concerns. On March 5, Brent rose $0.28/barrel, or 0.41%; WTI fell $0.28/barrel, or 0.42%.

 

Downstream, PX market, the domestic p-xylene ex factory price this week is more stable than last week, the price is 6700 yuan / ton, up 42.55% over the beginning of the year, up 21.82% year on year. The domestic PX operating rate is more than 60%, and the domestic supply of p-xylene is general. As of the 12th, the closing prices in Asia were $838-840 / T FOB Korea and $856-858 / T CFR China. South Korea’s price decline was mainly driven by the overall price decline of polyester industry.

 

In terms of PTA market, the price of PTA in East China fell in shock this week, with 4635.83 yuan / ton on March 7 and 4497.73 yuan / ton on March 14, down 2.98% from last week and up 16.62% from the same period last year. PTA units fluctuated greatly during the week, 2.5 million tons of Hengli Petrochemical line 4 and 1.4 million tons of Huabin Petrochemical entered the overhaul on March 6, 1.2 million tons of Zhongtai plant in Xinjiang entered the overhaul due to shortage of raw materials; 750000 tons of Yadong petrochemical plant resumed to restart after two days of overhaul due to alkali washing problem within the week, and the overall load of Honggang Petrochemical phase 2 increased, with PTA operation rate of 77.3%.

 

In the ox market, the price of ox weakened this week. On Sunday, the price of ox in East China was 6200 yuan / ton, down 4.62% from last week and up 24% from the same period last year. The external quotation of o-benzene fluctuated and fell, and the cost was weak; the downstream market was weak, and the demand was just demand. O-benzene transaction enthusiasm is general, o-benzene market is weak and temporarily stable.

 

3、 Future forecast

 

Xylene analysts from business society chemical branch think: first, look at the supply cost side, the implementation of OPEC + production reduction, the total number of oil drilling platforms in the United States, and weekly EIA and API inventory data. Second, on the demand side, the impact of the global epidemic on crude oil demand, the progress of industrial chain recovery, and the economic and trade situation in Europe and the United States. Third, look at the geopolitical situation in the Middle East, China and the United States, the progress of new technology, the dollar index and stock market linkage.

 

The cost support of mixed xylene is strong; the follow-up of downstream demand is general, and rigid demand is dominant. It is expected that the price of mixed xylene will be mainly consolidated in the short term. We will continue to pay attention to the trend of international crude oil, the arrival volume of mixed xylene, the dynamic of domestic enterprises and the impact of downstream demand changes on the price of mixed xylene.

sulphamic acid

1、 Price trend

 

The domestic propylene (Shandong) market rose slowly this week, according to the data of the business club’s block list. At the beginning of the week, the weekly price was 8423 yuan / ton, while at the end of the week, the weekly price was 8517 yuan / ton, with a weekly increase of 1.11%.

 

2、 Analysis and comment

 

According to the price chart of the business community, 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 stabilized. Today, the price rose about 50 yuan / ton again. At present, the market transaction is between 8450-8650 yuan / ton, which is the mainstream price 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.

 

It is reported that OPEC + may extend the production reduction, and the UAV attack at the port of Saudi oil town on the evening of the 7th did not cause obvious damage to the facilities, so the rise of the crude oil market subsided, and the crude oil price rose again on March 11, which increased the cost support for propylene.

 

This week, the price of PP rose steadily after the decline, with a weekly decline of 0.35% and a weekly amplitude of 1.06%. The futures market is general, with limited impact on C.

 

Acrylic acid prices rose this week, with a weekly increase of 1.12%, slightly positive for propylene.

 

Propylene oxide market continued to rise this week, with a weekly increase of 3.28%, which has a certain pull effect on propylene.

 

Epichlorohydrin market this week is still stable after rising at the beginning of the week, with a weekly increase of 1.42%, which has a small pulling effect on propylene.

 

This week, the domestic n-butanol price fell after rising, with no rise or fall, and the weekly amplitude was 2.23%, which had little impact on the propylene market.

 

This week, octanol also went up and down, with a weekly increase of 1.52% and a weekly amplitude of 3.25%, which had little impact on propylene.

 

Isopropanol prices fell by 2.08% over the weekend, which had a negative impact on propylene.

 

Phenol Market in East China rose slowly this week, up 1.14%, slightly positive for propylene.

 

The acetone market in East China was stable this week, with little impact on propylene.

 

3、 Future forecast

 

The propylene analyst of Shangshe chemical branch thinks: Overall, the international production has recovered slightly, the domestic inventory is general, the crude oil price has stopped falling and rebounded, the downstream operating rate is acceptable, and the effect of pulling up and suppressing is not big, and the propylene is still at a high level recently. It is expected that the market will rise with the crude oil market in the future.

Sulfamic acid

According to the statistics of business news agency, on March 1, the average price of domestic lint spot market was 16576 yuan / ton, while on March 11, the average price of domestic lint spot market was 15850 yuan / ton, down 4.38%. In March, the cotton market changed to a good February, and now the futures market entered a continuous decline. The domestic seed cotton settlement has come to an end, and the purchasing heat has cooled down. In 2020 / 2021, the delivery of new cotton is basically completed. At present, there is no seed cotton inventory in Northern Xinjiang, and there is a little seed cotton inventory in southern Xinjiang.

 

Internationally, USDA’s supply and demand report in March lowered US cotton production and year-end inventory, resulting in a sharp drop in US cotton prices and a decline of more than 4% in ice cotton. Since the beginning of this month, zhengmian’s market has been down, from a high of 16540 yuan / ton to 15600 yuan / ton. In the long run, it is expected that zhengmian’s recent decline will slow down or fluctuate.

 

Downstream: the profits of spinning enterprises still exist, but the speed of receiving goods has slowed down. The lower futures price in the past half a month makes the wait-and-see mood of textile enterprises gradually rise, and the yarn enterprises begin to adjust their prices. Relevant data show that in January 2021, the grey fabric inventory was 14.94 days, and the yarn inventory was 9.21 days, both of which declined year on year. The textile industry began to pick up in October last year, and textile enterprises began to arrange orders until April this year, with high production profits. At present, there is still a demand for replenishing cotton inventory.

 

Business analysts believe that the current textile enterprises have sufficient orders, the operating rate continues to rise, the peak demand season in spring and summer highlights, and China’s textile and garment export data from January to February 2021 remains bright, which is good for the cotton market. In the long run, if we pay attention to the trend of futures, the cotton price may fluctuate in the future.

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1、 Price trend

 

According to the data of the business club’s block list, the average ex factory price of powdered monoammonium was 2560 yuan / ton on March 10, and 2483.33 yuan / ton on March 1, up 3.09% in early March and 20.94% year-on-year.

 

According to the data of the business club’s block list, on March 10, the average ex factory price of 64% diammonium was 2900 yuan / ton, and on March 1, the average ex factory price of 64% diammonium was 2900 yuan / ton.

 

2、 Market analysis

 

That is to say, after the surge in February, in March, map still showed a steady rising trend, but the rise narrowed. In the first ten days of March, sulfur rose by more than 8%, cost support was strong, the price of monoammonium phosphate rose, downstream demand was stable, and replenishment was on the low end. However, at present, the main manufacturers issued orders, domestic orders were not sold much, the sales pressure of the industry was not big, the price support sentiment was still high, and there were many enterprises stopping orders and reporting. Anhui Province 55% ammonium powder factory offer 2450-2460 yuan / ton. The ex factory quotation of 55% powdered ammonium in Hubei Province is 2400-2500 yuan / ton. The price of 55% ammonium powder in Henan Province is about 2500-2700 yuan / ton. The price of 55% ammonium powder in Sichuan is about 2450 yuan / ton.

 

In the first ten days of March, diammonium phosphate kept stable operation. Most of the enterprises issued export orders and received limited domestic orders. The market supply was tight. In spring farming season, the demand side was strongly supported. Under the situation of supply less than demand, diammonium phosphate had a strong trend, and the price was easy to rise but difficult to fall. In Hubei Province, 64% of diammonium enterprises stopped reporting, while in Gansu Province, 64% of diammonium enterprises offered 2800 yuan / ton. The price of 64% diammonium in Yunnan is 3300-3400 yuan / ton. In Guizhou, 64% diammonium is priced at 3250-3350 yuan / ton, while in Heilongjiang, 64% diammonium is priced at 3350 yuan / ton.

 

In terms of raw materials, on March 10, the domestic sulfur market was temporarily stable, and the sulfur price was high. At present, the inventory of refineries in various regions of China was low, the supply of goods in the yard was tight, and the downstream phosphate fertilizer export market continued to improve. In addition, the domestic spring ploughing fertilizer was approaching, which was good for the sulfur market. The future sulfur market maintained a high level, and the downstream follow-up situation was concerned.

 

3、 Future forecast

 

Analysts of Business News Agency for ammonium phosphate believe that at present, the cost support is strong. The rising prices of raw material sulfur and phosphate rock support the rise of ammonium phosphate Market. The fertilizer market is in the peak season of sales, and the downstream demand is increasing. Multiple advantages lead to the rising price of ammonium phosphate. It is expected that in the short term, the rise of ammonium phosphate will be delayed and the operation will be stable

Sulfamic acid

1、 Trend analysis

 

On March 9, copper prices rose slightly, with spot copper price of 66656.67 yuan / ton, up 0.12% from 66576.67 yuan / ton on the previous trading day, 15.01% from the beginning of the year, and 53.16% from the same period last year. LME3 month copper shock weakened, closing at $8856, down 1.67%. Today, the main force of Shanghai copper was up and down, closing at 65930 yuan, down 0.47%. The main international copper contract closed at 58850 yuan, down 0.39%.

 

The US $1.9 trillion stimulus plan made progress, and the Fed said that it was still not enough to stimulate the fed to raise interest rates. Economic growth and inflation expectations rose, which made the US bond yield and the US dollar stronger. The domestic copper stock in the upper reaches of the river has dropped sharply, and the processing fee TC has continued to drop, resulting in high smelting costs. It is expected that the impact of Chile’s port storm will begin to ease, but the epidemic situation in Peru has not yet improved, and the copper shortage situation is difficult to change. The performance of downstream domestic demand is still weak, but the domestic inventory is still significantly lower than that in the same period of previous years, although it has entered the accumulation cycle. With the arrival of the traditional peak season in March and April, the growth of copper import shows that the demand is strong, and the traditional consumption peak season is approaching, the downstream demand is still expected to improve, and the space below the copper price is limited, and it is expected that the short-term copper will maintain the fluctuation adjustment trend.

Sulfamic acid