I. price trend

According to the price monitoring of the business agency, the ex factory price of urea in Shandong Province rose slightly this week, with the quotation rising 0.2% from 1696.67 yuan / ton at the beginning of the week to 1700.00 yuan / ton at the end of the week, down 13.53% year on year. Overall, the urea market rose this week, with the urea commodity index at 79.07 on December 13.

II. Market analysis

Product: the main urea factory price in Shandong Province rose slightly this week. The quotation of Yangmei plain urea this weekend is 1690 yuan / ton, which is temporarily stable; Shandong Ruixing urea this weekend is 1690 yuan / ton, which is 10 yuan / ton higher than that at the beginning of the week; Mingshui chemical urea this weekend is 1720 yuan / ton, which is temporarily stable.

Market demand: at present, the domestic market trading slows down slightly, some areas are affected by the early warning of heavy air pollution, some manufacturers have short-term shutdown and reduction of their units, and the start-up of urea enterprises is less than 60%, the enthusiasm of downstream receiving goods is not strong, and the demand is light. The amount of agricultural fertilizer is not large, and traders are on the low side of the bargain. It is expected that the short-term market will be stable and weak, and the manufacturers will adjust flexibly according to their production and sales.

Industry chain: upstream products as a whole seem to have declined slightly: the price of natural gas has declined slightly, from 4400.00 yuan / ton at the beginning of the week to 4266.67 yuan / ton at the end of the week, down 3.03%, down 23.35% compared with the same period of last year; the price of liquid ammonia this week is temporarily stable, with the price of 3256.67 yuan / ton, down 2.30% compared with the same period of last year, and the urea cost support this week is weak as a whole. This week, the price of melamine in the downstream of urea was temporarily stable, with the price of 6000.00 yuan / ton. The purchasing capacity in the downstream was average, which had a negative impact on the price of urea. At the same time, the lower level of downstream compound fertilizer production has a negative impact on urea.

III. future forecast

In the middle of December, the urea market in Shandong Province was dominated by low consolidation. According to urea analysts of business association, at present, some manufacturers throw in advance orders, which temporarily stabilizes the sales pressure; while the demand is still weak, combined with the low start-up of compound fertilizer enterprises, the industrial demand has also declined, and the amount of agricultural fertilizer preparation is not large. At present, the domestic market does not have a greater positive support. It is expected that the short-term market will be consolidated at a low level.

I. melamine price trend:

According to the data of the large scale list of business agencies, the market price of melamine was temporarily stable as of December 11, which was the same as that of December 10. On December 11, the mainstream price of melamine in China was 5200-5600 yuan / ton.

II. Market analysis:

Product: the domestic melamine market price was temporarily stable on November 11. At present, some melamine enterprises stop for maintenance, but the downstream demand is general, the market is mainly stable, and the operators are cautious. At present, the mainstream price of melamine market in Xinjiang is around 4900 yuan / ton; the mainstream price of melamine market in Sichuan is around 5400 yuan / ton; the mainstream price of melamine market in Henan is around 5600 yuan / ton. The main quotation of melamine market in Shandong is around 5600 yuan / ton.

Industrial chain: the ex factory price of urea in Shandong (12.1-12.11) rose by 1.09%. The upstream liquid ammonia price (12.1-12.11) rose by 5.97%. Downstream papermaking, board, molding plastics and other industries have general demand, and the delivery and investment atmosphere is flat.

3. Future forecast:

Analysts of melamine in the business community believe that the recent rise in the prices of liquid ammonia and urea, the raw materials, is a good support for the cost of melamine. The melamine operation rate has declined, but the downstream demand is flat, and it is expected that the melamine market will be mainly stable in the short term.

I. price trend

According to the monitoring of bulk data from the business agency, the domestic acetic acid market continues to decline. At present, the quotation in Henan is about 2300-2350 yuan / ton; in Shandong is about 2400-2500 yuan / ton; in Hebei is about 2500 yuan / ton; in Shaanxi is about 2150 yuan / ton; in Jiangsu is about 2400-2500 yuan / ton; in Zhejiang is about 2600-2700 yuan / ton; in South China, the price is about 2300-2350 yuan / ton The quotation is about 2650-2700 yuan / ton.

II. Cause analysis

Product: at present, the domestic acetic acid market continues to weaken, the situation of supply exceeding demand in the industry is increasingly prominent, and the inventory of enterprises is gradually increasing. Due to the factors such as how many orders the enterprises ship and considering the cost, the price of acetic acid is weak and declining, the mentality of the industry is soft, and the demand is insufficient.

Industry chain: in the upstream, methanol market surged and fell, and demand in some regions was weak, at present, about 2125 yuan / ton; domestic acetate, vinyl acetate and acetic anhydride industries were affected by double negative factors such as insufficient support for raw materials and weak demand in the downstream, which continued to weaken in the near future, and showed no signs of improvement in a short period of time; PTA spot market was affected by maintenance, and prices slightly improved, opening up in the industry The price of acetic acid was not well supported by the decline of labor.

International: this week, the international acetic acid market is weak, including the North American acetic acid market at about 610 US dollars / ton; the Asian acetic acid market is affected by poor demand, at present, 295-360 US dollars / ton; the European acetic acid is affected by the low price acetic acid in Asia, and the current quotation is about 650 euros / ton.

III. future forecast

According to the acetic acid analyst of the business association, the domestic acetic acid market continues to weaken under the influence of poor demand, and the situation is intensified due to the high opening rate and inventory rise in the industry. Near the end of the year, some traders and downstream intend to copy the bottom and prepare goods, but the actual transaction is flat, the buying in the industry is cautious, and the acetic acid market is expected to operate in a weak position in a short period of time.

I. price data:

II. Trend analysis

Price: according to the data monitoring of business agency, after the second round of increase of 50 yuan / ton, the domestic coke market is stable and stronger. At present, the mainstream price of secondary metallurgical coke in Shanghai is 1880 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1950 yuan / ton; the mainstream price of secondary metallurgical coke in Xuzhou is 1850 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1920 yuan / ton; the mainstream price of secondary metallurgical coke in Weifang, Shandong Province is 1800 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1850 yuan / ton; the mainstream price of secondary metallurgical coke in Taiyuan, Shanxi Province is 1700 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1700 yuan / ton The mainstream price of metallurgical coke is 1750 yuan / ton; the mainstream price of secondary metallurgical coke in Mudanjiang, Heilongjiang is 1790 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1850 yuan / ton; the mainstream price of secondary metallurgical coke in Shenyang, Liaoning is 1820 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1880 yuan / ton; the mainstream price of secondary metallurgical coke in Pingdingshan, Henan is 1810 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1900 yuan / ton; Tangshan, Hebei Province The mainstream price of secondary metallurgical coke is 1790 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1840 yuan / ton; the mainstream price of secondary metallurgical coke in Tianjin is 1800 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1900 yuan / ton; the mainstream price of secondary metallurgical coke in Panzhihua coke market in Sichuan is 2030 yuan / ton; the mainstream price of secondary metallurgical coke in Liupanshui coke market in Guizhou is 2270 yuan / ton; the mainstream price of secondary metallurgical coke in Ordos coke market The main price of metallurgical coke is 1450 yuan / ton. The port trades about 2050 yuan / ton of primary metallurgical coke, 1950 yuan / ton of quasi primary metallurgical coke and 1850 yuan / ton of secondary metallurgical coke.

Products: after the second round of increase of 50 yuan / ton of coke price, influenced by environmental protection, production restriction and capacity reduction, the supply of domestic coke spot market has declined, the market mentality is more optimistic, some coke prices are reluctant to sell; in the downstream, the recent demand of steel mills is stable, some steel mills have the demand for replenishment, and the rest are mainly rigid, which supports the coke price stably.

Industry: according to the price monitoring of the business agency, on December 9, 2019, there were seven commodities in the list of commodity prices rising and falling, among which Brent crude oil (1.58%), petroleum coke (1.36%) and WTI crude oil (1.32%) were the top three commodities. There are two kinds of commodities falling on a month on month basis, the first two products falling are liquefied natural gas (- 4.28%) and fuel oil (- 0.18%). The average price of this day is 0.15%.

III. future forecast

According to the coke analysts of the business club, the domestic coke market is relatively stable and strong at present, and some steel mills have accepted the increase of coke price. With the production restriction of the coke market and the process of replenishment of steel mills, the coke market is expected to be stable and positive in the short term.

According to statistics, the price trend of phthalic anhydride in China is stable. As of December 9, the price of phthalic anhydride from o-phthalic acid process is 6312.5 yuan / ton, and the recent price trend of o-phthalic anhydride market is mainly stalemate.