1、 Price trend

According to the price monitoring of the business agency, the market price of asphalt is stable this week, and the price of asphalt is reported to be 2252 yuan / ton, which is stable compared with that of last week.

2、 Analysis of influencing factors

Product: this week, the international oil price fell, the asphalt market and the terminal demand release were limited, and the social inventory consumption was slow. However, the asphalt manufacturers sold at a high price, and the asphalt market price remained stable.

Industry chain: WTI futures delivery dropped international oil prices, crude oil prices fell, the “US Iraq” relationship between China and the United States was once again strained, geopolitical risk factors increased the premium space of crude oil; at the same time, OPEC + and other oil producing countries gradually put production reduction on the agenda, active production reduction superimposed by movable production reduction brought certain boost to the market. International oil prices fall first and then rise.

In terms of asphalt Market: at the beginning of the week, driven by the increase of Sinopec and PetroChina refinery asphalt prices, but then on Tuesday, the international crude oil plummeted, driving the asphalt price down. This week, prices in the northwest and Northeast were basically stable. The southern region just needed to support the shipment. In addition, some resources of the refinery were transferred across regions, which led to smooth shipment of the refinery. The inventory decreased significantly. The price of asphalt market rose and fell steadily.

3、 Future forecast

Lu Xingjun, an asphalt analyst with business club, believes that: the operating rate of domestic refining plants has reached a high level, the release of asphalt terminal demand is limited, and the low oil price has depressed the market mentality, and it is expected that the short-term asphalt market price will be weak and stable.

1、 Trend analysis

As shown in the figure above, on April 22, spot copper fell slightly, and the current price is 41081.67 yuan / ton, down 2.22% compared with the previous day, down 16.93% year on year. Shanghai copper main contract opened low today to 40350 yuan, rebounded in the afternoon to narrow the decline, closing at 41090 yuan, down 0.84%.

2、 Market analysis

Due to severe oversupply in the US oil market, impending expiration of contracts and Texas’s decision to cut production, the historic rout of crude oil dragged down commodities and non-ferrous metals fell. The overseas epidemic led to the decline of export orders, the expansion of the price gap between refined and waste products limited the ability to move up the copper price, while the impact of the reduction of copper production in South America gradually emerged, as well as the recovery of production of downstream processing enterprises improved the demand, which still supported the copper price. According to data, China’s refined copper output in March was 771000 tons, down 2.5% year-on-year, the lowest since May last year.

3、 Future prospects

Based on the above situation, copper analysts of non ferrous branch of business cooperation think that: the current copper price is supported by the increase of copper terminal interference rate and the continuous de stocking of domestic inventory. However, due to the growing concern of the epidemic market for the economic prospect, there is still uncertainty in the transmission of ore terminal disturbance to the release of refined copper, and the predicted copper price still maintains a volatile trend in the short term.

Market Overview:

According to the bulk data monitoring of the business agency, the dichloromethane market in Shandong continues to decline. As of April 21, the average price of dichloromethane in Shandong is about 2090 yuan / ton, down 10.68% from April 13.

Market analysis:

Products: at present, the dichloromethane production enterprises in Shandong Province have started smoothly as a whole, with a certain amount of market inventory accumulation and flat demand in the downstream market. In order to reduce the follow-up inventory pressure, the enterprises are bidding for more shipments, and the market price continues to decline. At present, Shandong Province offers 2060-2090 yuan / ton, Jiangxi Liwen 2700 yuan / ton and East China 2100-2300 yuan / ton.

Industry chain: in the upstream, the domestic methanol market runs at a high price, the enterprise’s inventory pressure is not high, the surrounding market is actively pushing up, and the market transaction atmosphere is fair, at present, about 1730 yuan / ton; the liquid chlorine market is adjusted by shocks, the downstream market demand is improved, and the enterprise’s shipment is stable, and the current quotation in Shandong is about 500-700 yuan / ton. In the downstream, the supply and demand of domestic refrigerant market are weak, and the delivery is cold; the recovery of solvent and pharmaceutical pesticide industry is slow, the demand is weak, and the price support for dichloromethane is insufficient.

Future forecast:

According to the data analyst of methane chloride of business association, at present, the spot supply of dichloromethane is sufficient, the demand of downstream market is poor, the inventory pressure of enterprises is gradually increasing, and more competitive shipments are made, which is expected to be weak in a short period of time.

1、 Price trend

This week (4.13-17), the domestic polysilicon market fell sharply, and the prices of polycrystalline compact materials and polycrystalline non washable materials declined to varying degrees. The main reason is that the manufacturer’s quotation was greatly reduced due to the impact of inventory pressure, and then the demand side problem. Affected by the epidemic, the downstream purchase demand further shrank, and the export orders of components significantly shrank, so the market price is still low this week, The price of new orders in the market dropped a lot. According to the monitoring of the business agency, this week’s polycrystalline silicon solar grade I material fell by 7.8%, and the price of polycrystalline silicon has maintained a downward trend for four consecutive weeks.

2、 Market analysis

In terms of market supply, at present, polysilicon is in abundant supply, and the manufacturer’s devices are partially shut down. The overall domestic operation rate remains at 80-90%. As of April 17, only 1-2 polysilicon manufacturers in China maintain maintenance or load reduction production, and the domestic production maintains a high operation rate. In addition, the polysilicon import end shows a tightening trend, and the polysilicon production capacity of South Korea is still not restored, which also eases the domestic supply pressure to a certain extent, and plays a buffer role in the current weak polysilicon market. At present, manufacturers mainly execute orders in the early stage. Most enterprises sign orders until May, and some enterprises sign orders in May. In addition, the market transportation pressure is not great, but affected by the increase of transportation cost, the delivery speed of manufacturers decreases. According to the monitoring of the business agency, the main domestic transaction price of polysilicon with the model of primary solar material is 45000-49000 yuan / ton.

From the perspective of demand, terminal demand is sluggish and continues to decline. The downstream operating rate remains at a low level in a phased manner. Some newly built single crystal production capacity is delayed due to the impact of the epidemic, and domestic production remains stable. At present, there is no release of new production capacity, which also alleviates the pressure brought by the supply end to some extent. On the other hand, the demand for polycrystals is also slightly stable due to the gradual recovery of the operating rate of downstream single crystal enterprises currently in production, but the export of terminal components is still the biggest problem restricting the entire silicon industry chain.

3、 Future prospects

In the future, the business community believes that the polysilicon supply pressure is becoming more and more prominent at present, but in the later stage, it is not ruled out that the supply pressure caused by the deterioration of the external environment will continue to increase. On the one hand, domestic enterprises will gradually return to work, and the downstream operation rate will slightly increase. The domestic operation rate will remain relatively high. On the other hand, the trend of overseas epidemic is becoming increasingly severe, and the combination of overseas anti Chinese photovoltaic products With the increase of dumping, the export will still bring many challenges in the future, so it is expected that polysilicon market will maintain a narrow downward trend in the near future.

1、 Acrylic price trend:

According to the data of the business club’s bulk list, the acrylic acid market rose sharply this week. As of April 17, the average price of acrylic acid enterprises was 7900 yuan / ton, up 25.4% compared with the beginning of the week and 30.94% compared with last Friday (April 10).

2、 Market analysis:

Product: acrylic acid market continues to push up recently. Last weekend, the raw material propylene rose sharply. Under the pressure of cost, the industry rose in all directions. The downstream inquiry and purchase were active. Under the cost pull, the focus of acrylic acid market negotiation moved up. On the 14th, the average price of acrylic acid enterprises rose to 7366.67 yuan / ton. After the sharp rise, the price of raw propylene fell sharply on the 14th and returned to rationality. On the 15th, the propylene market in Shandong continued to decline, and the price of acrylic acid remained firm and upward. The supply and demand side dominated the market, and the pace of trade and investment was fair. On the 17th, the domestic acrylic acid market was stable at a high level, with the mainstream price around 7600-8300 yuan / ton.

Industrial chain: on April 17, the market price of propylene in Shandong still fell slightly. Last month, the price of propylene in Shandong Province fell in shock. At the end of the month, it fell sharply again, with a monthly decline of more than 15%. On the first day, the price continued to decline by 100-200 yuan / ton, and on the second day, it still declined by 50 yuan / ton. On the third day, the price of some enterprises slightly increased by 50-100 yuan / ton. After the Qing Dynasty, the price of propylene increased steadily. On the seventh day, the price began to rise by 100 yuan / ton, and on the tenth day, it rose by 200-300 yuan / ton, while on the 11th day of Saturday, it rose by more than 1000 yuan / ton. On the 12th day of Sunday, it continued to soar by 1000-5000 yuan / ton, Monday After the sharp rise on weekends, the market may need to digest, and the price remained unchanged on the 13th. On the 14th, most of the enterprises’ prices dropped by 1000 yuan / ton, and some of them recovered to the price before the sharp rise. On the 15th, the price dropped by 500-1000 yuan / ton. On the 16th, the price continued to drop by 200 yuan / ton. Today, the price still dropped by 400 yuan / ton. Now, the market transaction is between 5900-6500 yuan / ton. The main reason is that The current price is about 5900 yuan / ton.

Industry: according to the price monitoring of the business agency, there are 12 kinds of commodities in the rise and fall list of bulk commodity prices on April 16, 2020, among which there are 3 kinds of commodities with an increase rate of more than 5%, accounting for 3.4% of the number of commodities monitored in this sector; the top 3 commodities with an increase rate are crude benzene (15.55%), DOP (6.08%) and acrylic acid (5.80%). There are 10 kinds of commodities falling on a month on month basis, and there are 3 kinds of commodities falling by more than 5%, accounting for 3.4% of the number of commodities monitored in this sector; the top 3 products falling are propane (- 7.34%), propylene oxide (- 6.46%) and polysilicon (- 6.13%). The average rise and fall of this day was 0.05%.

3、 Future forecast:

According to the acrylic analyst of business association, the current trading atmosphere of acrylic acid market is fair. Under the influence of supply and demand, it is expected that in the short term, the acrylic acid market will be dominated by high and strong operation, and more attention should be paid to the information guidance of all aspects of the market.