Price trends:

2. Market analysis:

Domestic market: This week, domestic crude benzol market prices rose, the mainstream quotation at 3200-3600 yuan/ton, up about 300 yuan/ton. As of Friday, the ex-factory price of crude benzene in Shandong was around 3500 yuan/ton. Negotiations are general and deals are limited. In terms of market, Shandong Province has 3500-3520 yuan/ton and Shanxi Province 3250-3380 yuan/ton.

Industry chain: pure benzene aspect this week’s oil benzene market as a whole horizontal consolidation. In the domestic market, inventory declines slowly, and some reservoirs are still full of tanks. Since Wednesday, domestic pure benzene prices have been rising, Sinopec Group’s pure benzene price has been raised by about 100 yuan/ton, Sinopec Group’s pure benzene price has been raised by about 150 yuan/ton, and Korea’s pure benzene reference price has risen by about 10 dollars/ton, and the import reference price in East China has been basically stable. Hydrobenzene: The market price of hydrobenzene rose this week. As of April 12, Shandong mainstream quotation ranged from 4150 to 4250 yuan/ton, while East China mainstream quotation ranged from 4350 to 4450 yuan/ton. Hydrobenzene is depressed by the rising price of crude benzene, the cost pressure increases, the pressure of shipment of hydrobenzene enterprises increases, and the turnover is limited.

3. Trend forecast:

In recent days, there has been no significant improvement in downstream demand, crude benzene short-term forecast is mainly small consolidation.

Price Trend

The propane market continued to rise this week. At the beginning of the week, the average market price of propane was 4450 yuan/ton, and at the end of the week, it was 4527.5 yuan/ton. Within the week, the price rose by 1.74%, which was 9.41% higher than that of the same period last year.

II. Analysis of Influencing Factors

Products: This week, the propane Market in China has risen, and the trading atmosphere is good. As of April 12, propane from Dongming Petrochemical Company of Shandong Province has not been quoted for the time being. The ex-factory price of propane in Tianjin Bohai Chemical Industry Group is 4600 yuan/ton, that in Shandong Haiyou Petrochemical Group is 4580 yuan/ton, that in Shandong Huifeng Petrochemical Company is 4550 yuan/ton, that in Shandong Hengyuan Petrochemical Company is 4550 yuan/ton, and that in Shandong Binzhou Dayou Group is 4450 yuan/ton. The ex-factory price of propane in Shandong Zhonghai Fine Chemical Co., Ltd. is 4440 yuan/ton, while that in Sinopec Qingdao Refinery and Chemical Co., Ltd. is 4440 yuan/ton.

Industry Chain: The domestic liquefied gas market rose broadly this week, with an average price of 4263.33 yuan/ton at the beginning of the week and 4410 yuan/ton at the end of the week, up 3.44% in the week and 15.73% over the same period last year. The domestic propylene (East China) market rose first and then stabilized this week. At the beginning of the week, the average domestic propylene (East China) market price was 7150 yuan/ton, and the weekend average price was 7226 yuan/ton. Within the week, the increase was 1.21%, and the price fell 13.1% compared with the same period last year. This week, international oil prices continued to rise, the trend is strong, boosting the market mentality. In addition, at present, some domestic refineries are still in the state of overhaul, low supply and good support effect is obvious, downstream buy-up and not buy-down mentality into the market is positive. The manufacturer has good delivery and no pressure on stock.

Industry: According to the price monitoring of business associations, in the 14th week (4.8-4.12) of 2019, there were 27 kinds of commodities rising annually in the chemical sector, of which 4 commodities increased by more than 5%, accounting for 5.5% of the monitored commodities in the sector; the first three commodities were hydrochloric acid (44.90%), ammonium chloride (15.39%) and polyaluminium chloride (6.91%). There are 22 kinds of commodities with a decline of more than 5%, accounting for 4.1% of the monitored commodities in this sector. The products with the first three declines are sulphuric acid (-6.62%), caustic soda (-5.86%) and polycrystalline silicon (-5.38%). This week’s average rise and fall was 0.9%.

3. Future Market Forecast

Propane analysts at business associations believe that prices have risen continuously to high levels, with some downstream mostly on the sidelines. Terminal consumption is slow, but also somewhat constrained. It is expected that the adjustment of future market highs will be dominant.

Price Trend

According to the price monitoring of business associations, as of April 10, the average price of domestic methanol market was 2474 yuan/ton, and the domestic methanol market was mainly higher.

II. Market Analysis

Products: Domestic methanol market continues to differ, with local growth in the Mainland. The port market is now clearly linked, with a sharp fall in futures in the afternoon. In the mainland market, the Northwest Spring Inspection has been launched one after another, the supply side has been tightened, short-term price support has been tightened, and some areas in the mainland have increased slightly. At present, downstream installations have not been restored, and the demand side is difficult to improve in the near future, so we need to focus on the latter. It is expected that the regional trend of the short-term market will continue, and we need to continue to pay attention to the maintenance dynamics of Northwest China’s equipment and the impact of Jiangsu’s safety regulation.

In terms of freight, domestic freight for methanol has been sorted out in recent days. The freight from northern Inner Mongolia to northern Shandong refers to 220-250 yuan/ton, up 20 yuan/ton; from southern to northern Shandong 150-240 yuan/ton. From Shanxi to North Shandong, 90-120 yuan per ton, from Guanzhong to North Shandong, 130-180 yuan per ton, up 10 yuan per ton, to South Shandong, 140-190 yuan per ton. Ningxia to the north of Shandong 280 yuan / ton, Shenhua to the north of Shandong 300 – 320 yuan / ton.

Industry chain: formaldehyde: formaldehyde in Shandong is temporarily stable. Some formaldehyde shutdown enterprises have plans to resume production, and formaldehyde or finishing in Shandong has fallen in the later period. Linyi is now around 1400 yuan/ton, Zibo and its surrounding areas are maintained at 1500-1550 yuan/ton. Acetic acid: The domestic glacial acetic acid market is narrow and stable. The low spot supply in East China and North China is due to the centralization of equipment maintenance information. Dimethyl ether: Dimethyl ether Market consolidation, market turnover improved. The liquefied petroleum gas (LPG) market boosted downstream mentality and improved shipments from manufacturers.

3. Future Market Forecast

Business Cooperatives Viewpoint: On the positive side, installations: the recent spring inspection of some northwest projects, local supply contraction, export volume reduction, strong mentality; downstream installations: some downstream installations are planned to resume work, local downstream demand or a small increase. Inventory: short-term port market inventory is at a high level, to some extent inhibit spot prices; demand side: at present, the downstream devices such as dimethyl ether, formaldehyde, acetic acid have not been restored, and terminal demand is limited; futures: the futures market has fallen sharply, and port spot declines accordingly. Methanol analysts from business associations predict that the regional trend of domestic methanol market will continue in the short term, and they need to continue to pay attention to the maintenance trends of Northwest units and the impact of Jiangsu’s safety renovation.

The price trend of potassium chloride in China is somewhat uncertain, and the industry has different expectations for the future market. At present, most sellers say that the pressure is within control, and the rising demand and logistics as well as urea and other fertilizers have supported the market. The official price document of Salt Lake in April hasn’t been issued yet, but it is basically determined that the quotation is stable and the monthly rebate increases by 50 yuan, which is a supplement to the previous market decline, and the impact should not be too great for the time being.

In addition to Lianyungang because of excessive supply and prices are still low, the price of potassium chloride in the port has stabilized and gradually showed a small upward trend. At present, 62% of the price of white potassium is 2350-2400 yuan/ton, and the turnover is 2350-2380 yuan/ton. The high-end is mainly for scattered small orders or chemical customers. The price of 60% Dahong granules in Northeast Port has risen to 2440-2480 yuan/ton, which is mostly in the low-end for the time being. The other ports offer 2400-2450 yuan/ton.

The potassium chloride supply of frontier trade in March has been sold out, and most of them have been delivered. The order of April has only been signed for a few days, the vehicle number has not been issued, and the arrival time is uncertain. At present, the market of potassium chloride in frontier trade is in a state of no goods available for sale and no quotation at present; 60% of the extruded Dahong granule supply is still tense, and the factory is carrying out the pre-order, and the quotation of Manzhouli factory with a small quantity of extruded reaches 23. About 50 yuan per ton.

Port self-extraction: 60% red powder 2250-2350 yuan; 62% white crystal, powder 2350-2400 yuan; 60% red particles 2400-2480 yuan. Frontier trade boards: 62% white crystal and powder are out of stock for the time being. 60% of the large factories in China reach 2170-2350 yuan, while 57% of the small factories leave 1650 yuan.

Price Trend

According to data from business associations, the acrylic acid market rose slightly this week, with an offer price of 7,900.00 yuan/ton at the beginning of the week, rising slightly, with a weekend offer price of 7,966.67 yuan/ton and a price increase of 67 yuan/ton, or 0.84%.

II. Market Analysis

Products: Acrylic acid market prices stabilized this week, terminal industry demand warmed up, good supply sales. At present, the mainstream price in the primary market is 7800-8300 yuan/ton, and there is limited room for negotiation. As of Friday, the price of acrylic acid in Wanzhou Petrochemical Company was stable, with 8600 yuan/ton of propionic acid, stable price and factual statement; the price of acrylic acid in Ningbo Taiyuan Plastic Company was stable, with spot quotation of 8450 yuan/ton; the price of acrylic acid in Wanhua Chemical Petrochemical Company was temporarily stable, with the main supply contract and stable customers. At present, the price of acrylic acid is 7800 yuan/ton.

Industry chain: Recently, the domestic propylene (Shandong) price has been rising continuously. At present, the mainstream transaction in the market has risen to about 7100-7250 yuan/ton. Recently, the approaching of propylene plant overhaul, Wanhua PDH device officially began parking overhaul on April 1, 2019, is expected to overhaul about 20 days, propylene downstream production plant normal operation.

3. Future Market Forecast

Acrylic acid analysts believe that the domestic acrylic market has recovered slightly, the price of propylene in the upstream has increased, and the inventory of downstream enterprises has gradually warmed up. Most of them are based on rigid demand. It is expected that the focus of acrylic acid market will shift in the short term and the transaction price will rise slightly.