According to the monitoring of bulk data of business agency, affected by the two-way negative impact of cost and demand, the market of ethyl acetate in East China gradually weakened this week. As of May 29, the average price of ethyl acetate in East China was 5375 yuan / ton, down 1.6% from the same period last week.

From the perspective of production cost, the decline of acetic acid price eased the production pressure of enterprises to a certain extent, but the price of ethyl acetate also declined. At the beginning of the week, jinyimeng plant in Shandong Province shut down, mainly consuming inventory, and the decline of supply side slowed down the downward trend of the price of ethyl acetate to a certain extent; the terminal market just needed to purchase, large orders were rarely traded, small single negotiations, and the market was bearish Sentiment spread, production enterprises more profit shipping.

In terms of raw materials, the weak market of acetic acid declined, the supply of the industry was expected to improve significantly, the downstream market was not smooth in receiving goods, and the two-way negative supply and demand led to the continuous decline of acetic acid price; the ethanol market was stable and strong, with fewer enterprises in stock, higher corn prices, higher production costs, more goods and less sales, which had a certain positive support for ethyl acetate.

International: affected by the international epidemic, the supply and demand of international ethyl acetate are weak, and the regional price difference is large, among which the European port is about 1000 US dollars / ton, and the North American market port price is about 615 US dollars / ton.

According to the ethyl acetate analyst of business association, the weak market of domestic ethyl acetate is hard to change in the short term, the upstream and downstream support is insufficient, the industry starts not high, but the market turnover is less, the enterprise sales pressure and inventory pressure are obvious, and it is expected that the operation will be weak in the short term.

Price trend

According to the data monitoring of business agency, the price of plasticizer DOP rose sharply in May, and the market performance of DOP was strong. As of May 29, the price of DOP in East China was 7066.67 yuan / ton, up 12.77% from 6266.67 yuan / ton at the beginning of the month, and down 2.97% from the same period last year. Since April, the cost of DOP raw materials has increased, and DOP prices have risen in shock. However, since May, PVC market has rebounded sharply, supporting the strong rise of DOP.

Cost factor

It can be seen from the trend chart of raw materials of plasticizer DOP that in April and may, the price of DOP raw materials octanol rose sharply, while the price of phthalic anhydride rose sharply. DOP raw material prices rise, DOP costs rise, DOP rising momentum, DOP market is good.

Industrial chain factors

From the price trend chart of PVC and DOP, it can be seen that the price of PVC fluctuated and remained stable in April. Although the DOP market rose in general, the momentum of the rise was insufficient, and the DOP market fell in late April. Since May, the economic environment has picked up, PVC demand has increased, PVC prices have risen all the way, which is good for DOP market, and DOP prices have risen strongly.

Market overview and future expectation

Bai Jiaxin, a DOP data analyst at the business club, believes that since April, affected by the rise of raw material prices and DOP costs, DOP prices have rebounded from the bottom in early April and have risen all the way. From May, the macro-economy recovered, and the demand backlog in the early stage was released. In May, the demand for PVC rose sharply, and the demand for DOP rose correspondingly. In May, the DOP market showed strong performance. For the aftermarket, with the release of the pre backlog demand, the market demand in June was relatively stable, and the upward momentum of DOP was weakened. At the end of May, DOP raw material price was adjusted by shocks, and the downward pressure of DOP market was increased. Generally speaking, the demand support of aftermarket was insufficient, the cost of DOP was reduced, and the downward pressure of the upward momentum of DOP market was increased. DOP prices are expected to fall slightly in June.

1、 Price trend

According to the data monitoring of the business agency, as of May 28, the reference price of 30% grade phosphorus ore in the mainstream area of the initial and high-end is around 300-400 yuan / ton, and the price has been basically stable in the past two weeks. On May 27, the phosphorus ore commodity index was 71.87, unchanged from yesterday, down 38.99% from 117.80 (2012-07-09), the highest point in the cycle, and up 39.88% from 51.38, the lowest point on December 24, 2018. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

Product: in late May, the market of phosphorus ore in our country did not rise significantly. In addition, the market has been in a weak trend in the recent traditional off-season, and the factory’s shipment volume is average. After many mines in Guizhou and other places reduced the price of phosphorus ore by 10-20 yuan / ton in early May, the overall market is mainly in stable operation at a low level, and the supply and demand in the market is basically balanced.

According to the data monitoring of business agency, the latest price of phosphate rock in China on May 28, 2020:

Enterprise name grade specification date price (yuan / ton) remarks

Guizhou Fuquan Huifa 30% raw ore, May 28, 350 yuan, factory price

Guizhou Fuquan Huifa 28% raw ore May 28 310 yuan factory price

Platform price of 30% raw ore of Guizhou Kaiyang Mining Co., Ltd., 310 yuan on May 28th

30% of the original ore of Xifeng Mining Co., Ltd. in Guizhou Province

Guangxi songgan trade 30% raw ore May 28 350 yuan factory price

Guangxi songgan trade 28% raw ore May 28 310 yuan factory price

30% of the raw ore of Guizhou kaiphosphate Mining Co., Ltd. on May 28, the price of car plate is 330 yuan

32% of raw ore of Guizhou kaiphosphate Mining Co., Ltd. 360 yuan of vehicle price on May 28

30% raw ore of Xinxin phosphate ore in Guizhou, May 28, 320 yuan car plate price

30% high phosphorus and low magnesium ore of Liushugou mining industry in Hubei Province

Yunnan phosphate 29% ammonium phosphate ore May 28 300 yuan car plate price

22% of the original ore of Guizhou Qidu Tiancheng Mining Co., Ltd. on May 28, 140 yuan of car plate price

Guizhou: the reference quotation of 30% grade phosphate ore is around 300-350 yuan / ton. Among them, the platform price of 30% phosphate rock in Guanglong Mining Co., Ltd. in Kaiyang, Guizhou is 310 yuan / ton, down 20 yuan / ton compared with the beginning of May; the vehicle price of 30% grade phosphate rock in Xifeng, Guizhou is 330 yuan / ton, down 10 yuan / ton compared with the beginning of May; the factory price of 28% grade phosphate rock in Huifa Mining Co., Ltd. in Fuquan, Guizhou is 310 yuan / ton, down 10 yuan / ton compared with the beginning of May, and the factory price of 30% grade phosphate rock is 350 yuan / ton compared with the end of the previous period Adjust 10 yuan / ton. Yunnan area: the quotation of 29% grade phosphate ore car plate in Yunnan is about 300 yuan / ton. Hubei area: the quotation of 30% grade phosphorus ore (high phosphorus and low magnesium ore) in Liushugou, Hubei Province is 400 yuan / ton. Guangxi region: the phosphorus ore market is in a weak position. The factory price of 28% grade phosphate rock in songgan trade is 310 yuan / ton, and the factory price of 30% grade phosphate rock is 350 yuan.

Industrial chain: in May, the operating rate of Yunnan increased, the market supply increased, and the price of yellow phosphorus gradually decreased, but the range was not very large. The main reason was that yellow phosphorus enterprises basically had no inventory, the on-site spot sales were OK, and the early orders of phosphorus enterprises were still sufficient. At present, the main quotation of yellow phosphorus in Yunnan is about 16200-16700 yuan / ton. The quotation in Guizhou is about 16400-16500 yuan / ton. The quotation in Sichuan is about 16300-17000 yuan / ton. The overall market performance is average, the downstream procurement is more cautious, and traders mainly wait and see.

3、 Future forecast

According to the analysis of business data analyst, since the beginning of this year, affected by many factors, 2 and March, as the spring planting season, is also the traditional peak season of phosphate rock, but it does not bring a strong rising market to the market. At this stage, it will enter June immediately, and the market has gradually turned into the off-season. It is expected that the follow-up market quotation of phosphate rock may lower slightly to prepare for the order accumulation in the second half of the year 。

On May 26, the sulfur commodity index was 28.90, up 0.37 points from yesterday, down 72.17% from 103.84 (2011-11-02), the highest point in the cycle, and up 12.06% from 25.79, the lowest point on February 24, 2020. (Note: cycle refers to 2011-09-01 to now)

According to the price monitoring of the business agency, the price trend of sulfur rose on the 26th, and the sulfur production price in East China was 526.67 yuan / ton, up 1.28% per day. On Tuesday, refineries in various regions in China adjusted their prices according to their own shipments, and Sinopec’s solid-liquid sulfur in East China increased by 20 yuan / ton at the same time; Sinopec’s Yanshan Petrochemical in North China increased by 10 yuan / ton at the same time; Sinopec’s quotation for liquid sulfur in Shandong increased by 10 yuan / ton.

On the downstream side, the domestic monoammonium market trading is flat, enterprises have no inventory pressure for the time being, some enterprises also have strong price intention, but some manufacturers hold firm to the idea, the industry is mainly cautious at present, and the overall market consolidation and operation. The diammonium market is running smoothly, the domestic market is light, the market demand is weak, the enterprise mentality is general, the current price has no fluctuation, maintaining the previous level. In the near future, the plant operation of manufacturers is stable, the short-term operation of enterprises is normal, the supply is a little tight, the price of mainstream manufacturers in Shandong is temporarily stable, the inventory of manufacturers is small, and the downstream demand is general.

The domestic sulfur market is stable and rising. Recently, the port sulfur price has risen. However, there are not a large number of transactions in the market. The shippers in the port are not eager to ship, and the buyer also follows the market. The quotation of domestic refineries has been slightly adjusted. At present, the demand for phosphate fertilizer is not high, the export volume and price are not stable, the enthusiasm of the factory to enter the market is not high, and the overall market is stagnant.

Aftermarket forecast: sulfur analysts of the business club believe that the supply and demand in the sulfur field lacks substantive information guidance at present, and it is expected that the domestic sulfur market will operate stably in the short term.

1、 Price trend

According to the data monitored by the business association, as of May 26, the average price of domestic rubber grade and high-quality white carbon black was 4566.67 yuan / ton. The domestic rubber grade and high-quality white carbon black kept stable operation, stable price and just needed procurement.

market analysis

Product: the domestic rubber grade high-grade white carbon black operates stably. For many years, the tire industry has been relying on precipitated white carbon black as an important reinforcing agent in rubber to improve the tire’s wet skid resistance, steering controllability and wear resistance. Generally speaking, it plays an important role in vehicle safety and fuel consumption. At present, the domestic car and bus market recovers slowly, which is of great significance to rubber grade white carbon black The demand is not good, the transaction atmosphere is flat and stable in a short period of time. At present, Shandong Lihua New Material Co., Ltd. offers 4200 / ton of rubber grade superior products, Shandong Shouguang Changtai micro nano factory 5000 yuan / ton of rubber grade superior products, and Boai Xiangsheng silicon powder Co., Ltd. offers 4500 yuan / ton of rubber grade superior products, which is a real deal.

Industry chain: the comprehensive price of hydrochloric acid in North China this week is temporarily stable, with the quotation of 203.33 yuan / ton. On the whole, the hydrochloric acid market this week is temporarily stable. At present, the supply and demand are balanced and the demand is average.

Industry: on May 25, the chemical industry index was 644, the same as yesterday, down 36.61% from 1016 (2012-03-13), the highest point in the cycle, and up 7.69% from 598, the lowest point on April 8, 2020. (Note: cycle refers to 2011-12-01 to now)

Future forecast

According to the white carbon black analyst of business agency, the domestic rubber grade and high-quality white carbon black will continue to operate stably in the short term. (the above prices are provided by the major manufacturers of silica all over the country and analyzed by the business silica analysts for reference only. For more details, please contact the relevant manufacturers for consultation.)