From April 19 to April 23, 2021, the crude benzene market price decreased, and the domestic ex factory price was 4345 yuan / ton at the beginning of the week and 4775 yuan / ton at the end of the week, with a weekly rise of 9.9%.

In April 2021, Sinopec’s listed price of pure benzene was raised five times, and now it is 7300 yuan / ton, of which Qilu Petrochemical is 7250 yuan / ton. This week, it was raised twice, with a total of 450 yuan / ton.

This week, with the price of pure benzene rising, the domestic pure benzene station reached 7000 yuan / ton. Sinopec raised the ex factory price of pure benzene twice in a row, while the price of hydrogenated benzene increased significantly. Next week is approaching the 51st holiday, there is a certain demand for goods preparation in the downstream, and the unsaturated resin in the downstream of pure benzene is currently in the peak season of the industry, the styrene inventory is low, the spot circulation is tight, the market price is firm, multiple positive supports, and the price of hydrogenated benzene has increased significantly. Crude benzene market was supported by high price from downstream, and bidding price rose sharply this week.

In the future, the business community believes that there are many positive factors in the fundamentals, but the current price is relatively high, and the downstream enterprises are slightly resistant. Moreover, the pure benzene inventory in the port is stable at about 110000 tons, and the speed of de inventory is slowing down. In addition, hydrobenzene enterprises have a certain resistance to high price Crude Benzene and a strong price depression mentality, which is expected to be weak in the future.

1、 Price trend of lithium hydroxide

(Figure: p-value curve of lithium hydroxide product)

2、 Market analysis

According to the data of the business club’s block list, as of April 25, the average price of domestic industrial lithium hydroxide enterprises was 80333.33 yuan / ton, which was flat compared with the beginning of the week, up 7.11% compared with April 1 and 7.11% compared with March 25. This week, the domestic industrial grade lithium hydroxide Market maintained a stable operation trend, and the enterprises mainly delivered early orders.

According to customs statistics, in March 2021, China’s lithium hydroxide import volume was 361.5 tons, the import amount of the month was about US $2.45 million, and the average import price of the month was US $6766.73/ton. According to customs statistics, in March 2021, China’s lithium hydroxide export volume was 4769.12 tons, the export amount of that month was about US $10.37 million, and the average export price of that month was US $8465.47/ton.

According to the data monitoring of the business community, the price of lithium carbonate in the upstream is in a stable state recently, and most enterprises have not adjusted their quotations. As of April 23, the average price of industrial grade lithium carbonate in East China was 87000 yuan / ton, which was the same as that at the beginning of the month (the average price of industrial grade lithium carbonate in East China was 87000 yuan / ton on April 1). On April 23, the average price of battery grade lithium carbonate in East China was 90600 yuan / ton, which was the same as that at the beginning of the month (the average price of carbon in East China was 90600 yuan / ton on April 1).

According to the price monitoring of the business community, in the list of commodity prices in the 16th week of 2021 (4.19-4.23), there were 41 kinds of commodities in the chemical industry sector that rose month on month, of which 9 kinds of commodities increased by more than 5%, accounting for 9.8% of the number of commodities monitored in the sector; Crude benzene (9.90%), hydrobenzene (7.63%) and styrene (5.57%) were the top three commodities. There were 17 kinds of commodities that declined on a month on month basis, and one commodity with a decline of more than 5%, accounting for 1.1% of the number of commodities monitored in the sector; The top three products were DMF (- 9.01%), dichloromethane (- 3.89%) and TDI (- 3.47%). The average rise and fall this week was 0.72%.

3、 Future forecast

According to the lithium hydroxide analysts of business club, the current cost side has some support, and the market atmosphere is acceptable. It is expected that the domestic industrial lithium hydroxide Market will be stable in the short term, and the specific trend needs to pay more attention to the market information guidance.

According to the monitoring data of the business community, as of April 23, the average quoted price of silicone DMC in the mainstream area of data monitoring was 28066 yuan / ton, which was 267 yuan / ton lower than that on April 19 (28333 yuan / ton), a decrease of 0.94% in the week; Compared with the reference average price of silicone DMC of 29233 yuan / ton on the first day of the month, the average price decreased by 1167 yuan / ton, or 3.99%.

In the first ten days of April, the domestic silicone DMC market was stable with a small margin. The offer prices of individual factories were lowered, the number of new orders in the downstream increased and decreased, and the wait-and-see sentiment in the market gradually intensified.

Nearly in the middle of the month, on the 12th, lubon Industry Co., Ltd. sharply lowered the ex factory quotation of silicone DMC to 26400 yuan / ton, which immediately caused an uproar in the market and increased the worries of the industry about the future market. After the market suddenly went down, on the 14th and 15th, the market price was temporarily pulled back in the low valley, and the reduction of downstream orders was difficult to support the sustained recovery. The silicone DMC market entered the shock stage, and the market went down again.

At the beginning of this week, the silicone DMC market entered a stable operation mode from the early shock. Towards the end of the week, the market showed signs of weakness. The offer price of silicone DMC in some factories was reduced by about 300-500 yuan / ton at the end of the week, and the low-end quotation was reduced to 25700 yuan / ton. As of the 23rd, the average ex factory price of silicone DMC was 28066 yuan / ton, Compared with the price on Monday (19th), the average price decreased by 267 yuan / ton, or 0.94%, and compared with the price on the 1st of this month, the average price decreased by 1167 yuan / ton, or 3.99%.

In the short term, DMC will continue to be weak

At present, although silicone monomer plants have pre order processing, the ability to increase new orders has weakened. The downward adjustment of silicone DMC prices by individual large plants also affects the mood of downstream enterprises. At present, the wait-and-see situation is increasing. Therefore, the silicone DMC analysts of business community believe that the silicone DMC Market will pick up sharply in the short term, showing a little weakness, Most of them will continue the weak sorting operation.

On April 22, 2021, in the price rise and fall list of fluorine chemical industry, there were 0 kinds of commodities that rose, 0 kinds of commodities that fell, and 7 kinds of commodities that rose or fell to 0. Stable products include fluorite, hydrofluoric acid, aluminum fluoride, chloroform, R134a, R22 and cryolite.

On April 22, the market price trend of fluorine chemical raw materials was temporarily stable. The price of raw material fluorite was 2733.33 yuan / ton, and the price trend of fluorite was temporarily stable. Recently, some domestic fluorite plants were generally started, and some in site mines and flotation plants were shut down. The fluorite supply in the site was normal. However, the downstream market was mainly stable in the near future, and the decline of fluorite price was limited. As of the 22nd, the price of fluorite in Jiangxi was 2700-2800 yuan / ton, and that in Inner Mongolia was 2500-2600 yuan / ton. It is expected that the price of fluorite will remain high and stable in the future.

In the near future, the price of downstream refrigerants is mainly stable, and the operating rate remains low. The demand for hydrofluoric acid is general. However, due to the normal supply in the market, the price trend of hydrofluoric acid market is stable. As of the 22nd, the quotation of hydrofluoric acid market is 10622.22 yuan / ton. In the near future, the price trend of hydrofluoric acid market is stable, and the operating rate of domestic hydrofluoric acid is less than 60%, Enterprises reflect that the current supply of hydrofluoric acid spot goods on the floor is normal. Recently, the market of goods on the floor is general. Some enterprises have stable ex factory prices. Up to now, the mainstream of hydrofluoric acid negotiations is 10000-11000 yuan / ton. However, people on the floor reflect that the hydrofluoric acid market may have a downward trend in the near future. Chen Ling, an analyst at the news agency, believes that the market of hydrofluoric acid may fall slightly.

The price trend of aluminum fluoride products is temporarily stable, the market supply is normal, and the trading market is general. The quotation of aluminum fluoride of Zhengzhou Zerun energy and Chemical Co., Ltd. is 9000 yuan / ton. The overall market supply of aluminum fluoride is sufficient, and the overall price trend of aluminum fluoride market is stable.

In recent years, the price trend of trichloromethane in Shandong Province is temporarily stable, the overall demand of downstream market has little change, and the demand for trichloromethane is general. With the demand procurement of downstream market, the price trend of trichloromethane market is stable. At present, the domestic price of chloroform is 3950-4050 yuan / ton. On the one hand, the demand for downstream refrigerants is large, the shipment of chloroform is smooth, and the demand side is supportive; On the other hand, since the end of March, the price of raw material liquid chlorine has been rising, and the cost support is strong.

In recent years, the price trend of domestic cryolite is temporarily stable, the operation of the plant is stable, and the supply is normal. The domestic negotiation price is about 6500-7000 yuan / ton, and the actual transaction price is mainly negotiation. In general, the recent market of fluorine chemical industry is general, and it is expected that the trend of fluorine chemical industry will remain volatile in the later period.

In the near future, the price trend of downstream refrigerant R22 is temporarily stable, the price trend of raw material trichloromethane is stable, and the cost support is strong. In the near future, the downstream is mainly purchased on demand, the demand side changes little, and the market center remains high. As the price trend of hydrofluoric acid is mainly stable, the price of some affected refrigerants is temporarily stable. Refrigerant R134a price trend has an upward trend, the market is strong operation. In the near future, the start-up in the downstream remained low, but the raw material support was strong, and the refrigerant market was temporarily stable.

According to the data monitored by the business community, the PP market continued to decline gradually in the middle of April, and the spot prices of various brands decreased to a certain extent. As of April 21, the mainstream offer price of T30S (wire drawing) of domestic manufacturers and traders was about 8650.00 yuan / ton, a decrease of 3.71% compared with the average price at the beginning of the month, and a rise of 9.03% compared with the same period last year.

Cause analysis

PP upstream propylene domestic market in March to change the callback market, the current disk is in the upward channel. On the whole, the current international production has recovered slightly, the domestic inventory is not much, some units are overhauled, the crude oil market has risen slightly, and the downstream operating rate is acceptable, but the market is mainly stable, with a slight negative trend. Acrylic acid market down more, but still a strong role of crude oil, it is expected that the market will continue to fluctuate with the crude oil market, there is a possibility to continue to rise slightly.

Propylene raw material market recovery, PP cost side support. In the early stage, affected by the rapid resumption of construction in China, the on-site operation rate started rapidly. The high load of the industry continued for nearly a quarter. It was reported that the overall average operating rate of domestic polypropylene plants in the first quarter was about 93%, which was at a historical high. Due to the high load and output, and the rise of propylene, the profit of some PP polymerization enterprises was inverted. Although overseas orders share some pressure, domestic production lines have been launched before, and there is a certain degree of contradiction between supply and demand. Downstream factories gradually conflict with high price orders, and they are not willing to accept the goods. Market trading resistance increased, the current into the latter half of the business operation has been turned to let the profit go single.

In terms of fiber materials, according to the data monitored by the business society, as of April 21, the mainstream offer of domestic producers and traders Z30S (fiber) was similar to that of wire drawing materials, with a price of about 8800.00 yuan / ton, a decrease of 4.52% compared with the average price at the beginning of the month, and a decrease of 16.46% compared with the same period last year. In April, the production scheduling of fiber PP was lower than that in the earlier stage, and the proportion of recent production scheduling fluctuated around 5%. On the demand side, it is not the same as the same period last year. At present, the demand of fiber PP is stable, and the drop range of spot price is larger than that of wire drawing material. In the current situation of strong competition in spunbonded non-woven field, the shipping resistance of traders increases.

Meltblown materials, the recent meltblown PP market down slightly, the overall level of spot prices more stable. As of April 21, the average quotation of pph-y1500 sample enterprises monitored by business society was about 10766.67 yuan / ton. At present, the epidemic situation in China is generally stable. The new situation in some areas has little effect on the demand for medical protective equipment. The saturation situation of domestic epidemic prevention materials is relatively stable. The overseas epidemic situation is still the same, and the market performance of meltblown materials in the outer market is also general under the mandatory mask policy. Overall, the domestic melt blown fabric manufacturing market competition is strong, profit dispersion, melt blown PP market is expected to have entered a long-term stable state.

Future forecast

Business community PP analysts believe that: in mid April domestic PP spot market trend fell. The recovery of upstream propylene price has supported the cost side of PP. The demand performance was poor, the profit space of downstream factories was compressed, and the bearish attitude was heavy. Inventory, the current two oil and social inventory consumption, slow down the pace of PP prices. At the same time, the trend of upstream crude oil is not good in recent days, and PP price is expected to fall in the short term.