Price Trend
| Sulfamic acid |
The propane market rose first and then fell this week. At the beginning of the week, the average propane market price was 3605 yuan/ton, and at the end of the week it was 3582.5 yuan/ton. Within the week, the price fell by 0.62%, 25.3% compared with the same period last year.
II. Analysis of Influencing Factors
Products: This week, the domestic propane market is mainly narrow adjustment, the market turnover atmosphere is general. As of August 9, the propane self-use of Dongming Petrochemical Company in Shandong Province was suspended, while the production of Qingdao Refinery and Chemical Company in Sinopec was suspended for the time being. The ex-factory price of propane in Tianjin Bohai Chemical Industry Group is 3800 yuan/ton, Shandong Haiyou Petrochemical Group is 3580 yuan/ton, Shandong Huifeng Petrochemical Company is 3620 yuan/ton, Shandong Hengyuan Petrochemical Company is 3630 yuan/ton, Shandong Binzhou Dayou Group is 3600 yuan/ton./ Tons. The ex-factory price of propane in Shandong Zhonghai Fine Chemical Co., Ltd. is 3500 yuan/ton.
| sulphamic acid |
Industry chain: The domestic liquefied petroleum gas (Shandong) market rose steadily this week. At the beginning of the week, the average price of the domestic liquefied petroleum gas market was 3750 yuan/ton, the average price of the weekend was 3766.67 yuan/ton, with a weekly increase of 0.44%, and the price fell by 12.81% compared with the same period last year. Domestic propylene (Shandong) fell continuously this week. At the beginning of the week, the average price of domestic propylene market was 7875 yuan/ton, and at the end of the week, it was 7531 yuan/ton. Within the week, the price fell by 4.37%, 20.55% compared with the same period last year. Saudi Amy Corp. announced in August that the price of propane was narrowly lowered and the price of butane was narrowly increased. Propane was 370 US dollars/ton, down 5 US dollars/ton from last month; butane was 360 US dollars/ton, up 5 US dollars/ton from last month. The cost of long cargo propane is about 3056 yuan per ton on shore and 2980 yuan per ton on butane. With the introduction of CP in August, the import cost has not changed much compared with last month, and has little impact on the market. Spot prices of international crude oil and liquefied petroleum gas fell this week, with a bearish market mentality and a general trading atmosphere. However, manufacturers have a clear price-fixing mentality, mostly adjusting slightly according to their own conditions, and the overall price stability is the main factor. At present, the weather is hot, the demand side is difficult to improve, downstream more on-demand procurement, the overall purchase and sale is stable.
Industry: According to the price monitoring of business associations, in the 31 st week of 2019 (8.5-8.9), there were 16 commodities rising annually in the chemical sector, of which 2 commodities increased by more than 5%, accounting for 2.4% of the monitored commodities in the sector; the first three commodities were hydrogen peroxide (12.69%), acetic anhydride (10.50%) and butadiene (4.20%). There are 36 kinds of commodities with a decline of more than 5%, accounting for 2.4% of the monitored commodities in this sector. The products with the first three declines are yellow phosphorus (-22.73%), sulfur (-5.81%) and propylene (-4.45%). Average gains and losses this week were -0.41%.
| Sulfamic acid 99.50% |
3. Future Market Forecast
Propane analysts of business associations believe that the introduction of CPs price in August has little change compared with last month, has little impact on the market, and the demand has not improved significantly in the short term, but the manufacturers’price-fixing mentality is obvious, and it is expected to continue the cross-market adjustment next week.