On July 15, the hydrofluoric acid commodity index was 109.62, unchanged from yesterday, down 21.94% from the peak of 140.43 points in the cycle (2018-02-21), and up 104.55% from the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the domestic market price of hydrofluoric acid was temporarily stable on July 16. Up to now, the domestic market price of hydrofluoric acid was 12080 yuan/ton, and the domestic start-up rate of hydrofluoric acid was less than 60%. Enterprises reflected that the supply of hydrofluoric acid on the spot was tight at present. Recently, the situation of on-site goods had improved. Because of the high raw material fluorite, some hydrofluoric acid factories were on the market. The market price of hydrofluoric acid is going up by adjusting the ex-factory price. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 11500-12500 yuan/ton, while the price of hydrofluoric acid in the northern market is about 12000-12500 yuan/ton. Domestic hydrofluoric acid market prices increased, spot supply decreased slightly, but demand did not change very much, the price trend of hydrofluoric acid Market rose.

Recent downstream refrigerant products start at a low level, the upstream fluorite and hydrofluoric acid demand is general, the recent downstream refrigerant trading market is general, hydrofluoric acid product price shocks. Recent downstream refrigerant market transactions have improved, R22 refrigerant plant surface started at 60%, R22 market device start-up rate is temporarily stable, the main production enterprise bulk water factory offer price is between 18,000-19,000 yuan/ton, but the production enterprise does not have bulk water spot, mainly a small number of cylinders shipment. In addition, the actual demand side of the market has not changed much, and the delivery market has increased. The domestic market price trend of R134a is not good, the start-up rate of production enterprises remains low, the refrigerant market demand is general, and the manufacturers mainly export their products. However, the on-site transaction price does not change much. Businessmen purchase on demand. Recently, due to the normal supply of goods, the price trend of hydrofluoric acid market is temporarily stable.

Refrigerant on-site transactions are general, refrigerant industry equipment start-up rate remains low, for upstream hydrofluoric acid market demand is normal, hydrofluoric acid spot supply is normal, Business Analyst Chen Ling believes that the hydrofluoric acid market may continue to oscillate.

Price Trend

According to the data of business associations, the market price of aniline in Nanjing this week rose 200 yuan/ton from last week, an increase of 3.25% compared with last week; the market price in Shandong increased 50 yuan/ton from last week, an increase of 0.87%. The mainstream price in Shandong is 5780 yuan/ton, while that in Nanjing is 6350 yuan/ton.

II. Analytical Review

Raw Material: Pure benzene continued to rise this week. Data released at the beginning of the month showed that only 20,000 tons of pure benzene were imported into Korea in June, with imports falling sharply compared with the previous five months. Pure benzene in Korea is arbitraged to the United States. Pure benzene in the United States continued to soar this week, stimulating sentiment in the domestic pure benzene market. This week, the price of pure benzene increased by 50-200 yuan/ton, and the price was 5,000-5,250 yuan/ton, an increase of 3.39% over last week.

Product: The raw material pure benzene market has strong sentiment, and the pressure of aniline cost surface continues to increase. However, downstream demand is weak, and aniline enterprises are generally shipped. Aniline enterprises reduce the burden and output, and inventory slowly declines.

Downstream: This week’s MDI fell first and then recovered slightly, down from last week’s overall decline, a decline of 0.6%. The downstream demand is weak and the market atmosphere is general, which restrains the price rise of aniline.

III. Future Market Expectations

At present, the reduction of pure benzene supply is the most important factor to support the price increase, and imported pure benzene prices continue to rise, stimulating the domestic market. However, downstream resistance to high-priced pure benzene is obvious, which may inhibit the increase of pure benzene.

At present, although aniline enterprises reduce their burden and output, they are always in the predicament of huge upstream cost pressure, weak downstream demand and cost inversion. So we should pay attention to downstream demand in the future.

It is expected that the trend of aniline next week is still related to the cost side and directly related to downstream demand.

I. Price Trend Chart of Sodium Pyrosulfite in China

According to the monitoring of business associations, the price of domestic sodium pyrosulfite has been steadily moving forward this week. The average price of industrial sodium pyrosulfite at the beginning of the week is 1833.33 yuan/ton, and the average price at the end of the week is 1850.00 yuan/ton, a slight increase of 0.91%.

II. Market Analysis

Product: This week, the overall market performance of sodium pyrosulfite is general. The mainstream market price of industrial sodium pyrosulfite is between 1750 and 1950 yuan/ton. Most of the prices are around 1850 yuan/ton. Traditional off-season leads to high pyrosulfite inventory, prudent purchasing by trade entities, enterprises mainly complete orders from old customers, the market atmosphere is general, and the overall market continues to maintain fast-moving and fast-moving market. (The above prices refer to the foreign quotations of the mainstream domestic enterprises, some of which are not reported for the time being. The prices are for reference only. They have nothing to do with the final pricing of the manufacturers. For details, please contact the manufacturers for consultation.

Industry chain: This week domestic sulfur price is relatively stable, soda price is slightly declining, upstream raw material prices continue to operate weakly at the bottom, processing costs continue to be suppressed, and sodium pyrosulfite market prices continue to bear pressure.

3. Future Market Forecast

Business analysts believe that raw material costs are still at a low level, downstream demand has not improved, and domestic sodium pyrosulfite market prices are expected to continue to operate slightly weaker in the short term.

Price Trend

According to the monitoring data of business associations, as of July 11, the average price of domestic ethanol market was 5370 yuan/ton. The domestic ethanol market remained stable, with some areas falling.

II. Market Analysis

Products: Domestic alcohol market in Henan and East China slightly weakened. Stimulated by the low-priced goods in Northeast China, the price of Henan has dropped slightly; the market in Northeast China has heard of a decline, the situation of enterprise maintenance has increased, and the downstream maintains just in need of procurement; the situation of water-free in East China has slightly declined, and the downstream maintains just in need of procurement; the quotation of enterprises in South China is stable, and the situation of water-free shipment. Good, downstream maintenance just needed to purchase.

Industry Chain: Corn: Under the drag of limited downstream purchasing boost, it is difficult for the market to recover significantly in the short term. Some trading enterprises actively released their warehouses. Some corn deep processing enterprises are about to be repaired in summer. In addition, the demand for breeding is currently in a relatively stable state. Therefore, we predict that in the context of the continued entry of grain auctions into the market, the corn market will continue to maintain a weaker adjustment at a greater probability until the end of the auction. However, from the overall trend, the corn market is expected to be bullish after the middle and late August. Ethyl acetate: The domestic market for ethyl acetate is optimistic, the low-end supplier’s offer is still rising, which leads to the continued rise of some transactions in the market. Mainstream production enterprises in South China market have been rising for two days, leading to market follow-up. The overall market is more active, but the downstream terminal purchase is still rational, traders purchase is relatively positive, and demand is relatively positive. Continuous support is weak. Raw material acetic acid market is weak, ethyl acetate power support weakens, the market is expected to end, wait and see the end of digestion.

3. Future Market Forecast

Northeast enterprises have centralized overhaul and reduced supply, but their stocks are high, and they are expected to be weaker in Northeast China. The downstream delivery situation in East China is not good, and the market is slightly weaker. Affected by the supply of raw materials in South China, the willingness of enterprises to bid at low prices disappears obviously, and the short-term market consolidation operation is expected. Ethanol analysts at business associations expect the domestic ethanol market to run smoothly in the short term.

On July 8, the hydrofluoric acid commodity index was 109.26, unchanged from yesterday, down 22.20% from the peak of 140.43 points in the cycle (2018-02-21), and up 103.88% from the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the domestic market price of hydrofluoric acid rose slightly on July 9. Up to now, the domestic market price of hydrofluoric acid is 12080 yuan/ton. The domestic start-up rate of hydrofluoric acid is less than 60%. Enterprises reflect that the supply of hydrofluoric acid on the spot is tight at present. Recently, the situation of goods on the spot has improved. Due to the high raw material fluorite, some hydrofluoric acid plants have made progress. The market price of hydrofluoric acid has risen with the increase of the ex-factory price. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 11500-12500 yuan/ton, while the price of hydrofluoric acid in the northern market is about 12000-12500 yuan/ton. Domestic hydrofluoric acid market prices increased, spot supply decreased slightly, but demand did not change very much, the price trend of hydrofluoric acid Market rose.

Recent downstream refrigerant products start at a low level, the upstream fluorite and hydrofluoric acid demand is general, the recent downstream refrigerant trading market is general, hydrofluoric acid product price shocks. Recent downstream refrigerant market transactions have improved, R22 refrigerant plant surface started at 60%, R22 market device start-up rate is temporarily stable, the main production enterprise bulk water factory offer price is between 18,000-19,000 yuan/ton, but the production enterprise does not have bulk water spot, mainly a small number of cylinders shipment. In addition, the actual demand side of the market has not changed much, and the delivery market has increased. The domestic market price trend of R134a is not good, the start-up rate of production enterprises remains low, the refrigerant market demand is general, and the manufacturers mainly export their products. However, the on-site transaction price has not changed much. Businessmen purchase on demand. Recently, due to the shortage of supply, the price trend of hydrofluoric acid market has risen.

Refrigerant market turnover is general, refrigerant industry equipment start-up rate remains low, for upstream hydrofluoric acid market demand is normal, but the hydrofluoric acid spot supply is tight, Business Analyst Chen Ling believes that the hydrofluoric acid market may continue to rise slightly.