1、 Price trend

According to the monitoring data of bulk commodities, the price of chlorinated paraffin dropped within the week. The average price of chlorinated paraffin 52 was 5600 yuan / ton last Friday and 5500 yuan / ton this Wednesday. The price was reduced by 1.79% within the week.

2、 Market analysis

The domestic price of chlorinated paraffin declined in the week. At present, the ex factory quotation of chlorinated paraffin 52 in Anhui Province is about 5400-5600 yuan / ton, the ex factory quotation of chlorinated paraffin 52 in Northeast China is relatively stable, about 5500 yuan / ton, and the ex factory quotation of chlorinated paraffin 52 in Shaanxi Province is about 5600 yuan / ton.

In terms of international crude oil, the price of WTI crude oil futures market in the United States fell sharply on March 23, with the settlement price of the main contract at US $57.76/barrel, down 3.80 US dollars or 6.17%. Brent crude oil futures market prices fell sharply, the settlement price of the main contract was $60.86/barrel, down $3.68 or 5.70%. WTI fell more than 6% on Tuesday, mainly due to concerns about a new round of control measures in Europe and slow progress of vaccine promotion, combined with increased crude oil production.

Liquid wax, liquid wax prices this week more stable, the overall trading atmosphere is good. In terms of liquid chlorine, the price of liquid chlorine was not good, and some areas began to conflict with the downstream, and the transaction price fell to 1300-1500 yuan / ton; Shandong liquid chlorine rebounded, and the mainstream price rose to 1600-1700 yuan / ton. In terms of demand, the downstream enterprises have basically started construction, the demand is fair, and the overall trading is average.

3、 Future forecast

Chlorinated paraffin analysts of business news agency believe that the overall market trading atmosphere of chlorinated paraffin is general. At present, the price of chlorinated paraffin 52 is still at a relatively high level. The downstream takes goods on demand. The shipment of chlorinated paraffin in East China slows down, and the trading in South China is relatively stable. There are regional differences in the ex factory price of chlorinated paraffin. It is expected that the price of chlorinated paraffin will be strong in the short term.

1、 Acrylic acid price trend

(Figure: curve of P value of acrylic product)

2、 Market analysis

According to the data of the business club’s block list, as of March 23, the average quotation price of acrylic acid in East China was 11966.67 yuan / ton, which was flat compared with the previous trading day, decreased by 0.28% compared with last Tuesday (March 16), and increased by 21.69% year-on-year in a three-month cycle. At present, the trend of raw material propylene is weak, and the market is in a wait-and-see mood. In the shutdown and maintenance of some enterprises, the market supply and demand are relatively balanced, and the downstream market has a general starting load, mainly purchasing on demand.

Upstream propylene, as of March 22, Shandong propylene market prices continued to decline. 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 Since the 18th, the price has entered the downward channel again, with a daily drop of 100-150 yuan / ton. The current market transaction has dropped to 7950-8700 yuan / ton, and the mainstream price is 7950-8000 yuan / ton.

3、 Future forecast

Acrylic acid analysts of business news agency believe that at present, the supply side has some support, but the demand side is cautious in entering the market, and the demand side purchases on demand. In addition, the price of raw material propylene declines, and the cost side support weakens. It is expected that the acrylic acid Market will be weak in the short term, and more attention should be paid to market news guidance.

1、 Price trend

According to the data of business news agency’s block list, the price of toluene continued to decline this week. The price of toluene was 5877.5 yuan / ton on March 14 and 5587.5 yuan / ton on March 21, down 290 yuan / ton or 4.93% from last week.

2、 Analysis and comment

This week, Sinopec’s Toluene price adjustment range is – 600 / – 150 (yuan / ton). Weak downstream demand, coupled with a sharp drop in crude oil, the market mentality was short, and toluene fell in shock. Toluene stocks at ports in East and South China fell this week. In terms of external market, the external market continued to fall this week. As of March 12, the price of imported toluene from South Korea was US $689 / T, down US $53 / T or 7.14% compared with March 12, and the price of imported toluene from East China was US $709 / T, down US $51 / T or 6.71% compared with 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: in terms of TDI, the price of TDI in East China fluctuated and fell this week, with the price of domestic goods at 17500 yuan / ton, down 8.7% from last week and up 58.61% from the same period last year. The domestic market is weak, the atmosphere of on-site trading is light, the terminal’s overall willingness to receive goods is weak, the demand is insufficient, the purchase is just needed, and the trading is general.

In the PX market, the domestic p-xylene ex factory price this week was stable compared with last week, at 6700 yuan / ton, up 42.55% over the beginning of the year and 21.82% over the same period last year. The domestic supply of p-xylene is general, but there are many overhauls of overseas units, and the domestic price trend of p-xylene remains high. The recent trend of international crude oil prices fluctuated, but the PX price did not change much. As of the 19th, the closing prices in Asia were 778-780 US dollars / ton, FOB South Korea and 796-798 US dollars / ton, CFR China.

3、 Future forecast

Analysts from the chemical branch of business society 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 recovery of the industrial chain, the economic and trade situation in Europe and the United States, and the progress of the fiscal stimulus plan. 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.

Under the pressure of multiple bad news, crude oil fell, toluene cost support weakened; downstream demand follow-up was weak, mainly rigid demand. The price of toluene is expected to fall in the short term. However, the toluene unit of Quanzhou Petrochemical Company operated at low load, the toluene units of Daxie Petrochemical Company and Huizhou Petrochemical Company were shut down, and the supply of cargo was tight, which supported the strong price of toluene. We will continue to pay attention to the international trend of crude oil, the arrival of toluene in Hong Kong, the dynamic situation of domestic enterprises and the impact of downstream demand changes on the price of toluene.

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.

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.