Product Name: cryolite

Latest price (August 15): 7675.00 yuan / ton

Key points of analysis: the price trend of cryolite in Henan increased, and the average price of cryolite production increased by 0.66% over the previous working day. The upstream raw materials are tight, the price is high, the manufacturer’s production cost is high, and the impact of the high level of coal, natural gas and other fuels leads to the low load operation of the cryolite unit, the manufacturer’s cryolite inventory is tight, the downstream demand is stable, and the enterprise’s shipment is acceptable, which supports the high level operation of the cryolite price.

Future forecast: the short-term cryolite market will operate at a high level, and the future market will focus on the market supply.

According to the data of business agency, on August 12, the average p value of oil-based ethylene glycol was 4350 yuan / ton, down 91.67 yuan / ton compared with the previous statistical cycle, down 2.06% year-on-year.

On the upstream side, international oil prices rose on Thursday. As the abnormal high temperature weather and tight natural gas supply in Europe in summer prompted more oil demand for power generation, the IEA raised the growth forecast of global oil demand. The settlement price of October Brent crude oil futures on the London Intercontinental Exchange rose by US $2.20/barrel to US $99.60/barrel; The settlement price of WTI crude oil futures in September on the New York Mercantile Exchange (NYMEX) rose by US $2.41 to US $94.34/barrel. However, the slowdown of economic growth makes the downstream olefin market of naphtha cracking unit weak, and the spot demand of naphtha is low.

MEG USD market is still weak, and the negotiated price is around 510 USD / T. In terms of equipment, Hubei sanning 600000 T / a ethylene glycol unit will be shut down for maintenance on August 5, 2022, and the maintenance is expected to take about 20 days; The 120000t / a ethylene glycol unit of Inner Mongolia Yigao Coal Chemical Co., Ltd. will be shut down for maintenance on August 10, 2022, and the restart time will be determined. The port inventory has been reduced slightly, but it is still at a high level as a whole. As of August 11, the total ethylene glycol inventory at the main port in East China was 1142700 tons, a decrease of 46800 tons compared with last Thursday, a decrease of 3.93%, an increase of 5800 tons compared with this Monday, an increase of 0.51%. The downstream polyester start-up load slowly rebounded, but the terminal demand was weak, and the enterprise inventory was still under pressure.

Forecast: constrained by the demand side, ethylene glycol fluctuates with the low range of cost level.

Product Name: cryolite

Latest price (August 11): 7625 yuan / ton

Key points of analysis: the price trend of cryolite in Henan is temporarily stable, and the average price of cryolite production is the same as that of the previous working day. The manufacturer reflects that the upstream raw materials are still tight, the raw material prices are high and the impact of the high level of coal, natural gas and other fuels, the production cost of the enterprise is high, the low load operation of the cryolite unit is the main factor, the enterprise inventory is tight, and the demand in the downstream is stable, which supports the high level operation of the cryolite price.

Future forecast: the short-term cryolite market is temporarily stable, and the future market will focus on the market supply.

Product Name: urea

Latest price (August 10): 2312 yuan / ton

On August 10, the comprehensive price of domestic urea fell slightly, with a decrease of 40 yuan / ton or 1.70% compared with the price on August 9, and a year-on-year decrease of 17.43% compared with the same period last year. The upstream cost is generally supported, the downstream agricultural demand is basically ended, and the industrial demand is dominated. The starting load of the plate plant is not high. The compound fertilizer plant is mainly on the sidelines. Some manufacturers have overhauled, and the daily output of urea is about 150000 tons.

In the future, it is expected that the domestic urea market price may rebound at the bottom, and the average market price is about 2350 yuan / ton.

According to the price monitoring of the business agency, on August 9, the average price of sulfur in East China was 1130.00 yuan / ton, an increase of 3.04% over the previous working day. The market was stable and small, and the quotations of individual refineries were increased by 20-80 yuan / ton.

At present, the downstream sulfuric acid market continues to be weak, and the purchasing enthusiasm is general. The domestic sulfur market is mostly stable, and the price trend is stable but small. The sulfur sales of refineries in Shandong Province are acceptable. The manufacturers increase their prices according to their own inventory and shipment. Because there are low-cost goods in the field and the downstream demand is limited, it is expected that the sulfur market will be mainly arranged on a wait-and-see basis, and the price trend will be increased in a narrow range. Specific attention will be paid to the downstream follow-up.