On August 27, the hydrofluoric acid commodity index was 101.18, which was the same as yesterday. It was 27.95% lower than the peak of 140.43 points in the cycle (2018-02-21), and 88.80% higher than the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date).

According to statistics, the price trend of domestic hydrofluoric acid market declined sharply on August 28. Up to now, the domestic market price of hydrofluoric acid is 10730 yuan/ton, and the domestic starting rate of hydrofluoric acid is about 60%. Enterprises reflect that there is sufficient supply of hydrofluoric acid spot source in the field, and the recent market running situation is poor. In recent years, the downstream demand is not good. Hydrofluoric acid manufacturers continued to reduce prices, hydrofluoric acid market prices fell substantially. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 10,000-10,500 yuan/ton, while the price of hydrofluoric acid in the northern market is 10,000-10,500 yuan/ton. Domestic hydrofluoric acid market prices fell, spot supply is normal, but the demand situation is poor, hydrofluoric acid market prices declined.

Upstream fluorite prices slightly lower, up to 28 days fluorite prices were 3056.25 yuan/ton, upstream raw material prices low to the hydrofluoric acid market has a negative impact, the market price of hydrofluoric acid by raw material fluorite prices fell. The downstream refrigerant product plant starts at a low level. The demand for upstream fluorite and hydrofluoric acid is poor. Recent downstream refrigerant trading market is general, and the price of hydrofluoric acid products fluctuates. Recent downstream refrigerant market trading market is general, domestic refrigerant R22 market shocks down, from the market supply point of view, the production enterprise device is stable, but the pressure of goods is too high, inventory expansion appears to a certain extent, the enterprise aims to make profits to deliver goods. The downstream weakness continues, the peak season of refrigerants has passed, and demand has only decreased but not increased. The price of domestic large enterprises has maintained the level of 16,000-18,000 yuan/ton. Domestic market price trend of R134a is declining, the start-up rate of production enterprises remains low, refrigerant market demand is general, manufacturers mainly export. However, the price of on-site transactions does not change much. Businessmen purchase on demand. At the end of the peak season, the downstream demand of terminals decreases but does not increase. The downstream demand is not good, and the price trend of hydrofluoric acid market is low. However, the on-site transaction price does not change much. Businessmen purchase on demand. Recently, due to the normal supply of goods and poor downstream demand, the market price of hydrofluoric acid has declined.

Refrigerant field turnover is poor, refrigerant industry equipment start-up rate remains low, for upstream hydrofluoric acid market demand is limited, hydrofluoric acid spot supply is sufficient, Business Analyst Chen Ling believes that the hydrofluoric acid market may continue to decline.

Price trends:

According to the data monitoring of business associations, this week Sinopec Neighbouring Benzene executed the quotation stably. Up to August 23, the executed contract price of O-xylene Sinopec was 6000.00 yuan/ton, which was stable compared with the price of O-xylene at the beginning of the week. Prices fell by 23.44% over the same period last year.

II. Market analysis:

This week, the external quotation of Phenyls fell sharply, the cost of imported Phenyls fell, the port inventory remained low and stable, the inventory consumption was slow, the demand for Phenyls was general, and the future market of Phenyls was negative. The operating rate of o-xylene equipment is about 80%, the supply of o-xylene is stable, and the downward pressure of o-xylene remains.

Factor Analysis of Industrial Chain

This week mixed xylene price shocks rise, raw material prices rise, phenyl costs rise, phenyl rising momentum increases, the overall future market phenyl is good.

This week, the price of phthalic anhydride fell sharply. On the 26th, the price of phthalic anhydride rebounded, downstream demand rebounded, the market was good, and downward pressure on phthalic anhydride weakened. As for plasticizers, the DOP market surges, and the future market is more dynamic. The overall downstream market of o-phenyl is better, and the upward trend of o-phenyl is larger.

3. Future market forecast:

According to Bai Jiaxin, an analyst of o-xylene data from business associations, the price of o-xylene remained stable this week, while the market of o-xylene in the future was mixed and the price of o-xylene remained stable. For raw materials, the price of mixed xylene rose, which was good for phthalic anhydride; the price of downstream phthalic anhydride rebounded and the price of plasticizers shocked up, and the overall downstream market was good for phthalic anhydride. On the external market, the price of phenyl continued to fall, which was negative for domestic phenyl market. In summary, the future market is mixed, bad news is insufficient to cause the decline in the price of phenyls, positive pressure is greater, the driving force for the rise of Phenyls in the future is increased, but it is difficult to support the rise in the price of phenyls, which is expected to remain stable in the future market.

Future market should focus on: downstream phthalic anhydride and plasticizer performance, whether there will be major changes affecting the market of o-phenyl. Other circumstances may also affect the future market changes of phenyl: such as the start-up of phenyl manufacturers, import and export of phenyl, etc.

Price Trend
The domestic dimethyl ether market rose sharply this week. At the beginning of the week, the average domestic dimethyl ether (Henan) market price was 3055 yuan/ton, and the weekend average price was 3280 yuan/ton. Within the week, the price increased by 7.36%, which was 28.77% lower than the same period last year.

II. Market Analysis

Product: Dimethyl ether (Henan) market price is stable this week. Up to August 23, Yutai, Hebei, Henan Lankao Huitong device parking overhaul, not quoted for the time being. Henan Yima Xinyuan dimethyl ether plant failure, do not quote for the time being. The ex-factory price of dimethyl ether of Henan Xinlianxin Chemical Industry Group Co., Ltd. is 2970 yuan/ton, Henan Qinyang Shengxin dimethyl ether is 3070 yuan/ton, Hebei Jichun Chemical Industry Co., Ltd. is 3090 yuan/ton, Shandong Dezhou Shengdeyuan Co., Ltd. is 3010 yuan/ton, and Shandong Yuhuang dimethyl ether is ex-factory price. The price of dimethyl ether in Shanxi Orchid Science and Technology Venture Co., Ltd. is RMB 302 per ton and RMB 2930 per ton.

Industry Chain: Domestic methanol market fell this week in an all-round way. On the mainland, Shandong took the lead in lowering the consumption market. By Thursday, Shandong fell 240 yuan/ton to 1850 yuan/ton. Due to the rapid decline, the main producing areas were waiting and watching. There was no mainstream price this week, and some discussions reached 1550 yuan/ton. Port arrivals are still concentrated, inventory continues to increase, and the port market is weak and volatile, falling by 40-60 yuan/ton. Liquefied petroleum gas (Shandong) market is dominated by narrow margin consolidation. Early in the week, the rise of crude oil boosted the market and the price of liquefied petroleum gas increased slightly. However, the increase of crude oil is not big enough to boost the market of liquefied petroleum gas. In addition, the liquefied petroleum gas shipment continued to be poor last weekend, the inventory of the manufacturers increased gradually, the pressure increased, the enthusiasm of downstream market was general, and more purchased on demand. Manufacturers’production and marketing are out of balance. Late week price slightly concessions, price down, mainly shipments. Market turnover has improved significantly, and low-level shipments are relatively smooth. This week, the domestic dimethyl ether Market stabilized first and then fell, and the trading atmosphere was flat. This week, Henan Xinlian repeatedly implemented the price floor policy. As a major manufacturer, it protected the market price on the side and continued to keep the floor after the settlement price was lowered. Later in the week, but under the double pressure of other manufacturers’sales and inventory, the price center of gravity declined.

Industry: According to the business association price monitoring, in the 33rd week of 2019 (8.19-8.23), there were six kinds of commodities rising in the energy sector, the first three of which were liquefied natural gas (2.89%), Brent crude oil (2.18%) and MTBE (1.77%). There are seven kinds of commodities that have declined annually. The first three products are methanol (-2.34%), petroleum coke (-0.81%) and gasoline (-0.67%). This week’s average rise and fall was 0.24%.

3. Future Market Forecast

Dimethyl ether analysts believe that the methanol and liquefied petroleum gas market is weak and the profit of dimethyl ether enterprises is low. However, with the arrival of the traditional sales season, the market demand will gradually increase, or the current situation may be improved. It is expected that the narrow adjustment will be the main one in the near future.

Price Trend

According to the data monitored by business associations (the average price of SG5 manufactured by calcium carbide method), domestic PVC quoted 6755 yuan/ton on August 19, and domestic PVC quoted 6705 yuan/ton on August 23. The overall price fluctuation ranges from 50 to 100 yuan/ton, with an overall decline of 0.74%. This week, PVC market consolidation is dominant.

II. Cause Analysis

Product aspect: This week, the price of PVC futures fell, driving the spot price to follow the trend. The actual delivery atmosphere of spot is not high. Businessmen are forced by the pressure of delivery, so that the phenomenon of profit delivery is obvious, but the on-site trading market is general. Downstream products enterprises due to environmental protection and poor exports and other factors, most of the factories are not high start-up rate and inventory, maintain just in need of procurement, volume has not been released, the PVC market maintained a range of shocks. As of August 23, according to the data of business associations, the mainstream domestic price range of PVC is 6460-6900 yuan/ton.

Industry: On August 23, the rubber and plastic index was 674 points, down 3 points from yesterday, down 36.42% from the highest point of 1060 points in the cycle (2012-03-14), up 17.01% from the lowest point of 576 points on December 21, 2015. (Note: Cycle refers to 2011-12-01 to date) This week, commodity market is mainly narrow consolidation, the overall trend of rubber and plastic industry is weak downward.

3. Future Market Forecast

Business Association PVC analysts believe that: recently, demand for PVC terminals has just been the main demand, the actual trading of PVC market is general, the start-up rate of raw plant enterprises is stable, the overall market supply and demand is weak, resulting in narrow consolidation of the PVC market. PVC market consolidation is expected to dominate in the short term.

Price Trend

On August 21, the TDI commodity index was 71.43, down 0.88 points from yesterday, down 71.20% from the cycle peak of 248.02 points (2016-10-19), and up 18.71% from the lowest point of 60.17 on February 22, 2016. (Note: Period refers to 2011-09-01 to date)

II. Market Analysis

Products: According to statistics, TDI prices in East China market are declining. TDI prices in East China market fell 1.22% to 13500 yuan/ton on the 21st. The TDI market in East China is weak and wait-and-see. The on-site traders pay more attention to factory news, good news is scarce, the overall atmosphere in the field is depressed. Only sporadic small orders follow-up, the offer of traders is temporarily stable, and the discussion of shipment is the main thing. 。 Domestic goods with tickets out of the warehouse offer reference 12900-13000 yuan/ton, Shanghai goods with tickets out of the warehouse offer reference 13100-13200 yuan/ton, the actual single negotiation is low.

Industry chain: Compared with the previous trading day, the listed toluene price of Sinopec’s enterprises is flat today. Shandong Geotechnical Refining Company’s listing price was raised by 50 yuan/ton today. Traders’quotations have been slightly lowered today. The quotations in East China are about 5600 yuan per ton. As for nitric acid, the market of Jiangsu nitric acid is weak and the demand of nitric acid market is not good. The quotations of manufacturers in Shandong, Huainan, Anhui and other places have been lowered, and the market demand is general.

Industry: Domestic TDI market is vulnerable, good news is scarce, pessimistic atmosphere is growing, the overall mindset of the business is weak, mainly to negotiate shipment, individual low-price hearings, with the bottom of the price, a small number of transactions follow-up, but it is difficult to effectively support the situation.

III. Price Forecast

TDI business analysts believe that the domestic TDI market is weak in the latter stage, focusing on factory information surface guidance.