1、 Price trend:

According to statistics, the trend of domestic p-xylene ex factory price this week declined. The weekend average price was 6300 yuan / ton, down 6.67% from 6750 yuan / ton at the beginning of the week, down 28.21% year on year.

2、 Market analysis:

Product: this week, the market price trend of p-xylene in China dropped sharply. The domestic PX operation rate remained more than 70%, the operation of new 600000 ton Hongrun unit was stable, the operation of Huizhou refining and chemical unit was stable, the first line of Fuhai Chuang unit was started, the operation of Pengzhou petrochemical unit was stable, the operation of Yangzi Petrochemical PX unit was normal, the operation of Jinling Petrochemical Unit was stable, the operation of Qingdao Lidong unit was full load, Qilushi The operation of the chemical plant is stable. The Urumqi petrochemical plant starts at about 50%, Hengli petrochemical plant operates normally, and the domestic supply of p-xylene is normal. Due to the sharp decline of crude oil price, the domestic market price of p-xylene is low. This week, the operating rate of PX plant in Asia is more than 70%, and the supply of PX goods in Asia is normal. The external price of PX falls sharply this week. As of the end of the week, the closing price of PX market in Asia is 717-719 US dollars / ton FOB South Korea and 737-739 US dollars / ton CFR China. Affected by the drop of international crude oil price, the external price of PX falls sharply this week, and more than 40% of domestic products need to be imported , the decline of closing price of PX external market has a certain negative impact on the domestic market, and the price trend of domestic PX market has declined.

Industrial chain: the closing price of international crude oil dropped this week. As of 6 days, the US WTI crude oil futures market price was quoted at 50.95 US dollars / barrel, and Brent crude oil futures price was quoted at 54.93 US dollars / barrel. Overall, crude oil closed down sharply this week. During the outbreak of new coronavirus, China’s industrial activity slowed down and factory shutdown stopped hitting oil demand, Currie said. The magnitude of the demand shock seen is comparable to 08-09 (during the financial crisis). ” Unlike China’s SARS and other types of epidemics, the new coronavirus has caused many blockades in China. Goldman Sachs predicted that China’s crude oil demand would decrease by 2 to 3 million barrels per day, which is likely to be the same as that in 2008-09. The sharp decline of crude oil price is a negative impact of domestic chemical products, and the domestic market price of p-xylene is significantly lower. The price trend of PTA Market in the lower reaches of this week declined by 1.78%. As of the end of the week, the price of PTA Market in East China was about 4600-4700 yuan. The new production capacity was put in before the festival, and the current operating rate remains high. During the Spring Festival, the accumulated inventory is obvious, the social inventory is nearly 30% higher than before the festival, and the light transaction price in the current market has fallen. At present, the downstream has not resumed work, and the logistics is limited, so the industry is limited The chain transportation is not smooth, resulting in the accumulation of inventory, the end textile order production is affected, PTA downstream demand is even worse. The contradiction between supply and demand is prominent, and the market price trend of p-xylene is declining.

Industry: this week, the textile industry started work in general. In addition, transportation difficulties during the epidemic period, crude oil prices remained low, and the market price of p-xylene fell.

3、 Future forecast:

Chen Ling, an PX analyst at the business club, thinks that the recent low crude oil price is mainly volatile, and the PTA market price has not changed much, so it is difficult for the external price of PX to rise. The operating rate of the downstream textile industry remains low, and the domestic PX market supply is normal. It is expected that the PX market price will maintain the level of 6300 yuan / ton next week.

1、 Price trend

According to the price monitoring of business agency, the average ex factory price of sulfur market in East China in January was 503.33 yuan / ton, down 17.03% compared with the average ex factory price of 606.67 yuan / ton in early December, down 63.35% year on year.

2、 Market analysis

Products: in January, the domestic sulfur market was weak, the port inventory was high, the consumption was slow, there was no information guidance in the field, the main thing was to wait and see, and the price was weak and stable. Affected by the environmental protection policy, the downstream demand performance is sluggish, the market supply and demand is weak, and the output performance of refineries in various regions is poor. In the middle of January, the Spring Festival holiday is approaching, and the festival atmosphere is strong. Refineries in various regions adjust their quotations according to their shipping conditions, and the overall price trend is stable. At present, the price of solid sulfur in East China is 520-610 yuan / ton, and that of liquid sulfur is 490-580 yuan / ton; the price of solid sulfur in Shandong is 480-510 yuan / ton, and that of liquid sulfur is 400-450 yuan / ton; the price of solid sulfur in East China is 400-440 yuan / ton, and that of liquid sulfur is 380-420 yuan / ton.

Industry chain: the domestic market of downstream sulfuric acid is operating in a differentiated way, with local market ups and downs showing each other. Although there are downstream enterprises preparing goods before the Spring Festival in January, the overall market is still strong and weak in supply and demand, with limited favorable support and light trading. Acid enterprises also maintain stable operation of shipment and keep the inventory at a reasonable level. Some of the main acid plants in Shandong continue to raise their acid prices, while others remain on the sidelines. Due to the weather, there are certain limitations in transportation. Acid Companies dare not adjust their prices rashly, and the market is mostly stuck.

3、 Future forecast

According to the sulfur analyst of the business agency, the demand of the sulfur market is low, the high level of port inventory consumption is slow, the market lacks the guidance of substantive information, the mainstream factories are well stocked, and the industry is mainly stuck on the sidelines. It is expected that the market will be sorted out and operated after the year, depending on the situation of the factories in the future.

1、 Price trend

According to the price monitoring of the business agency, the ex factory price of octanol in Shandong Province was temporarily stable this week. This week, the average ex factory price of main octanol in Shandong was 6916.67 yuan / ton, down 14.61% year on year. Overall, this week’s octanol market was temporarily stable, with the January 17 octanol commodity index at 50.86.

2、 Market analysis

（1） Products:

At present, the operating rate of domestic octanol plant is acceptable; Hualu Hengsheng’s 80000 T / a octanol plant is operating normally, and this week’s offer is firm; the annual capacity of Jiangsu Huachang Chemical octanol plant is 80000 tons, and there is no maintenance plan.

This week, the ex factory quotation of Shandong mainstream octanol manufacturers is temporarily stable: Hualu Hengsheng’s ex factory quotation of octanol this weekend is 6900 yuan / ton, which is temporarily stable compared with the beginning of the week; Jianlan chemical’s quotation of octanol this weekend is 6950 yuan / ton, which is temporarily stable compared with the beginning of the week; lihuayi’s quotation of octanol this weekend is 6900 yuan / ton, which is temporarily stable compared with the beginning of the week.

（2） Industrial chain:

Upstream raw material Market: propylene market fell slightly this week. The quotation dropped from 7227.08 yuan / ton at the beginning of the week to 7211.25 yuan / ton at the end of the week, down 0.22%, down 8.72% year on year. The price of raw materials in the upstream market fell slightly, which had a negative impact on the price of octanol due to the impact of supply and demand.

Downstream market situation: this week, DOP factory price is temporarily stable. The DOP price is not 7300.00 yuan / ton, down 13.95% year on year. Downstream customers are less active in purchasing octanol, the demand for octanol is general, and the low price consolidation of DOP has a negative impact on octanol market. The aftermarket operators mostly wait and see the trend of DOP.

3、 Future forecast

In late January, the trend of Shandong octanol market may fluctuate slightly. After the adjustment in December, the capital return of each plant is in good condition, the equipment maintenance is completed, and the production capacity is increased. The upstream propylene price fell slightly, the cost support was weak, the downstream DOP market was low and consolidated, and the downstream procurement enthusiasm was weak. According to the octanol analyst of business agency, the octanol market in Shandong in late January may fluctuate slightly under the influence of supply and demand and raw materials.

1、 Price trend

2、 Market analysis

This week, the potassium chloride market is not good, the price is low, and the potassium sulfate can only hover at the low level, and the transaction change is not big. The mainstream quotation continues to maintain stability at the virtual high level, and the industry’s operating rate is slightly. Although the overall demand for Mannheim potassium sulfate is not strong, the overall price trend is stable. Different from the recent stable situation in Mannheim, the price of potassium sulfate in the water salt system of Xinjiang and Qinghai is falling down, and it is still not expected to be ideal in the future. It is understood that the current arrival price range of 50 powder and 52% powder in the water salt system is about 2350-2600 yuan / ton.

3、 Future forecast

Analysts of potassium sulphate of business association think that: the demand for potassium sulphate is not strong, there is still some pressure on inventory, and the cost support is weak, and it is expected that the market of potassium sulphate will not improve substantially in the short term.

1、 Price trend

According to the data of the bulk list of business agencies, the market price of propylene (Shandong) in China this week was generally stable, with a slight downward trend on Friday. At the beginning of the week, the average price of enterprises is the weekly high price, 7227 yuan / ton; at the end of the week, the average price of enterprises is the weekly low price, 7211 yuan / ton, with a weekly decline of 0.22%.

2、 Analysis and comment

Product: affected by international crude oil, domestic propylene price rebounded from the bottom at the end of December, rising continuously. On January 5 and 6, it was generally stable, on January 7 and 8, it was stable on January 9, it was continuously increased on January 10 and 11, it was stable on the whole line on December 12, it was up about 50 yuan / ton again on March 13, it was stable on January 14, and it was down about 50 yuan / ton for some enterprises on December 17. At present, the market turnover is between 6850 and 7300 About RMB / ton, the mainstream price is 7150-7200 RMB / ton. Recently, some domestic and foreign dehydrogenation units have been shut down to reduce the load, and the supply is still tight.

Industry chain: upstream, the recent international crude oil price is unstable, with a significant decline, but the crude oil price picked up slightly yesterday, which has a certain impact on propylene market.

This week, the PP market remained stable, the price remained unchanged, and the futures market rose and fell slightly, with little impact on propylene.

In the near future, acrylic acid slightly increased, with a weekly increase of 0.82%. It is expected that acrylic acid market will mainly run at a high level in the short term, with some positive impact on propylene.

This week’s propylene oxide market remained stable, unchanged, but at the beginning of the week, it was down 2.03% from last week. It is expected that the propylene oxide market will maintain stability in the short term, with limited impact on propylene.

Epichlorohydrin prices fell slightly this week, with a weekly decline of 0.47%. In the future, it may be narrow range finishing operation, with limited impact on propylene.

This week, the domestic price of n-butanol rose slightly, with a weekly increase of 0.28%. It is expected that the domestic market of n-butanol will run smoothly around the Spring Festival, with little impact on propylene.

Octanol prices are all stable this week, with little impact on propylene.

The price of phenol Market in Shandong Province is stable this week, with little impact on propylene.

Acetone market in Shandong held steady after rising at the beginning of the week, with a weekly increase of 4.08%, which had a certain positive impact on propylene.

Isopropanol market price slightly decreased this week, with a weekly decline of 0.37%. It is expected that the future market will be stable, with limited impact on propylene market.

3、 Future forecast

According to the propylene analyst of the chemical branch of business society, in general, the propylene market has been stable in recent days, with a slight decline over the weekend. At present, the change range of crude oil market is limited, and the downstream operating rate has also declined slightly. However, the shutdown situation of the unit is still the same, and the supply is still tight, so it is expected that the propylene market will be relatively cold in recent days, and the price will be mainly stable.