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.

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.

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.

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.

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.