In terms of cost, the prices of some Sinopec factories in North China were slightly increased to 9350 yuan / ton. Crude oil prices rose and the spot market rose slightly. Today, the price of pure benzene in China is 9250-9600 yuan / ton.

The operating rate of aniline fell, the inventory level of enterprises was normal, the cost side was still high, and aniline continued to consolidate sideways. Today, the price in Shandong is 11700-11900 yuan / ton; The price of aniline in East China is 12300-12500 yuan / ton.

In June, the price of domestic polyester staple fiber showed a sharp upward and downward trend. According to the price test of business agency, the average price of domestic polyester staple fiber on the spot market was 8851 yuan / ton on June 30, up 3.02% from 8592 at the beginning of the month and 24.26% year-on-year. In the futures market, the main short fiber contract closed at 7978 at the end of the month, down 5.45% from the beginning of the month.

The main reasons for the rise in polyester staple fiber prices in June were weak costs and sluggish demand: opec+ maintained its original small production increase plan in August, and Biden confirmed that he would meet with Saudi leaders. The prospect of economic growth put overall pressure on market sentiment, and the high level of international crude oil futures prices fell in June. WTI crude oil fell 8.03% to close at US $105.99 per barrel in June. The fall in oil prices dragged down the high prices of PTA and ethylene glycol, the upstream raw materials of staple fiber, and the PTA period and spot month fell by 5.43% and 1.78% respectively. Ethylene glycol futures and spot fell by 11.02% and 4.00% respectively in the month. With the temperature rising and the industry off-season approaching, the downstream operating rate is gradually declining, demand and foreign trade are weak, and it is difficult to improve in the short term. This month, short fiber maintenance began to increase, the operating rate gradually fell, and the supply in some regions was insufficient, resulting in the performance of spot prices stronger than futures.

Business analysts believe that the current performance of textile terminals is still weak, with high factory inventories and weak demand and exports. In July, the off-season went further, and it is expected that the overhaul of short fiber enterprises will increase, and the operating rate may continue to decline. Under the weak supply and demand, the future market of staple fiber may still be not optimistic. Pay attention to the changes in raw material prices, the adjustment of U.S. tariff policies, the epidemic, the situation in Russia and Ukraine, etc.

1、 Trend analysis

According to the nickel price monitoring of the business club, on the 30th, the average nickel market price was now quoted at 189000 yuan / ton, up 2.55% from the previous trading day and 38.51% year-on-year.

In the new round of economic sanctions against Russia, the British government imposed sanctions on the richest man in Russia and the president of Norilsk Nickel. Affected by this event, LME nickel once rose by more than 8%, and the overnight Lun nickel closed up by 3.22%. However, the amount of nickel products imported by Britain from Russia is very small, and the impact is limited. However, whether it will affect the registration and delivery of all Noni in LME remains to be concerned. Nickel fundamentals are expected to be weak, the supply will turn into surplus in the second half of the year, the actual consumption level is still weak, and the consumption off-season is approaching.

Forecast: due to the UK’s announcement of sanctions against Russian Financial oligarchs, nickel prices rose, but the actual fundamentals were empty, and the room for nickel to rise may be limited.

Trade name: acetic acid

Latest price (June 29): 4150 yuan / ton

Key points of analysis: today, the price trend of acetic acid decreased slightly, the average market price in East China decreased by 0.60% compared with the previous working day, the market trading was light, the enthusiasm of downstream market entry was weakened, a small number of just needed goods were purchased, the holders sold out at the expense of profits, the market mentality was bearish, and the actual negotiated transaction price was low.

Aftermarket forecast: the short-term acetic acid market will be sorted out and operated, and the price may be reduced slightly. Specific attention will be paid to the market transaction.

Trade name: TDI

Latest price (June 28): 17700 yuan / ton

Key points of analysis: the average price of TDI market in East China today is flat compared with the previous working day, and the market is running stably for the time being. The release of factory maintenance in Shanghai has not brought about significant improvement. The supplier has a strong market mentality, the downstream demand is weak, the enthusiasm for entering the market inquiry is general, the offer of the goods holder is temporarily stable, and the on-site trading atmosphere is light. At present, the quotation range of dealers in East China is about 17400-17600 yuan / ton for domestic goods and about 17500-18000 yuan / ton for Shanghai goods.

Aftermarket forecast: the short-term TDI market will continue to be in a stalemate, focusing on market supply and downstream follow-up.