1、 Price trend

According to the data of business club’s block list, the price of caprolactam in China has risen recently. The average ex factory price of caprolactam was 13266 yuan / ton on April 26, and 13233 yuan / ton on April 30. The price dropped by 0.25% this week.

2、 Market analysis

As of April 30, the price of caprolactam liquid in Nanjing Dongfang was 14100 yuan / ton, the 400000 ton / year unit was in normal operation, and the caprolactam unit was in normal operation. Sinopec caprolactam liquid price is 13900 yuan / ton. Baling Hengyi caprolactam liquid price 13900 yuan / ton, 450000 tons / year, the normal operation of the device, acceptance delivery. The price of caprolactam liquid in Baling Petrochemical Company is 13900 yuan / T. The 300000 t / a unit is normally started and delivered by acceptance. The price of caprolactam liquid in Shandong Luxi Chemical Industry is 12800 yuan / T, the production capacity of the factory is 300000 tons, and the plant is in normal production.

The price of raw material pure benzene continued to rise this week. The price at the beginning of the week is 7280 yuan / ton. The price of pure benzene rose as the price of downstream styrene rose. The price of pure benzene continued to strengthen and rose to 7330 yuan / ton at the weekend.

3、 Future forecast

Caprolactam analysts of business news agency believe that at present, due to the strong support of rising costs and insufficient follow-up of downstream demand, caprolactam profits have decreased and the price has begun to fluctuate slightly. It is expected that in the short term, it is difficult for the price to fluctuate significantly, and the market is mainly volatile. Focus on cost and demand changes.

Price trend:

As of April 29, 2021, the domestic reference price of acrylonitrile remained at 14766.67 yuan / ton, down 2.21% compared with the price of the previous working day, unchanged compared with the beginning of the week, and down 9.78% compared with March 29.

2、 Market analysis

From mid February 2021, the price of acrylonitrile continued to rise due to the rising cost of raw materials and the imbalance between supply and demand, and rose to 16500 yuan / ton on March 10, which was the highest price in the past five years. After March, the price of acrylonitrile began to fall in the last ten days due to the impact of the price of upstream raw materials, and the market reference price was reduced to about 16300 yuan / ton. In April, the reference price of acrylonitrile market continued to fall. Last week, the reference price of acrylonitrile continued to fall slightly. However, the offer of middlemen remained firm and kept a wait-and-see attitude. At the beginning of this week, the reference price of acrylonitrile in the domestic market dropped to 14500 yuan / ton and remained stable until the end of April; Upstream manufacturers have no notification of changes in equipment maintenance capacity, middlemen’s quotations are stable, domestic market fundamentals have no significant changes, and trading is normal. In addition, this week will usher in the May Day holiday, downstream users are willing to stock up, which may slightly improve the trading atmosphere. However, middlemen are more cautious about the price of acrylonitrile, the price is not strong enough, and the market is bearish, so the trading volume is still limited.

upper reaches:

According to the price chart of the business association, the price of propylene decreased sharply in the second half of March and rose at the end of the month. At the beginning of April, the market price rose slowly and began to stabilize on the 23rd. On April 20, the external price of propylene in the United States dropped significantly again. In recent days, the price of propylene in Asia increased slightly, which had a certain impact on the propylene market. Propylene market is now no pressure inventory, part of the device is still in repair. The supply of goods in Shandong is a little tight.

Downstream:

According to the monitoring of business news agency, the domestic price of NBR was 21166 yuan / ton on the 28th, down 1.85% from the previous day and 8.59% from the beginning of April. The demand for raw materials is weak, and it is expected that NBR will continue to be weak in the future. The commodity index of polyacrylamide on April 28 was 94.20, 12.07% lower than the highest point 107.13 in the cycle (May 8, 2019), and 13.64% higher than the lowest point 82.89 on August 2, 2020（ Note: cycle refers to the period from April 1, 2019 to now). In the short term, the market is stable, while in the medium and long term, it still depends on the pull of demand.

3、 Future forecast:

At present, the raw material propylene is weak, the downstream NBR is slightly lower, the operating rate is low, the performance is general, and there is resistance to the price of acrylonitrile; Polyacrylamide market fluctuated slightly, inventory was relatively sufficient at the end of the month, and demand was tepid. Acrylonitrile analysts of business news agency believe that the supply and demand side support of acrylonitrile market is insufficient in the future, and the price rising power is weak. It is expected that the market will be consolidated in the short term, the market amplitude is small, and the direction is not easy to grasp. We need to be cautious, and the wait-and-see sentiment will increase. We should pay more attention to the market information guidance for the specific trend.

According to the data of business news agency, the average price of silver market in the morning on April 29 was 5442.67 yuan / kg, up 1.59% in the day, up 7.54% from 5061 yuan / kg in the spot market at the beginning of the month (April 1); Compared with the beginning of the year (01.01), the spot price of silver was 5550 yuan / kg, a decrease of 1.93%.

On April 29, the spot price of gold was 373.47 yuan / g, an intraday increase of 0.57%, 2.79% higher than the average price of 363.35 yuan / g in the early morning of the month (4.1); Compared with the spot price of gold at the beginning of the year (01.01), it was 392.70 yuan / g, down 4.90%.

Strong consumer demand for gold and shrinking investment demand in the first quarter

According to the report released by the world gold association, the global gold demand (excluding OTC trading) in the first quarter was 815.7 tons, which was basically the same as that in the fourth quarter of 2020, but decreased by 23% compared with the first quarter of 2020. Although the average gold price in the first quarter rose 13% year-on-year, it fell 4% quarter on quarter. The relatively low price of gold compared with last year has stimulated the consumer demand for gold. In particular, the gradual lifting of epidemic blockade in many markets and the beginning of economic recovery provide further support for the growth of demand. The significant outflow of gold ETF offset the strong growth of consumer demand. The rising interest rate and the falling trend of gold price restrained some investors’ interest in gold, and the global gold ETF net outflow was 177.9 tons in the first quarter.

Gold price stops falling in April

The sharp fall of gold in the early stage is mainly due to the high yield of us long-term treasury bonds, the continuous rise of US stock market, the positive trend of international commodities, and the weakening of speculative enthusiasm of precious metal market. Recently, the price of precious metal gold began to stop falling, stabilize and recover slightly. On the one hand, due to the booming domestic precious metal consumer market, the price of gold doubled, and the demand for physical consumption soared. On the other hand, in the long run, the real interest rate will remain low, the central banks of developed economies will continue to buy government debt, the industrial demand will increase, and the consumer demand for jewelry and gold and silver ware will also increase.

Future forecast

The overseas epidemic situation, especially in India, has attracted much attention recently; As one of the main gold consumers, India may be affected to some extent. However, due to the fact that the price of precious metals is greatly affected by the investment demand, it is expected that the price of precious metals will still recover in the near future.

1、 Price trend

According to commodity data monitoring, isopropanol prices rose this month. At the beginning of the month, the average price of isopropanol in China was 8966.67 yuan / ton, and the average price at the end of the month was 9266.67 yuan / ton, and the price rose in the month, with an increase of 3.35%.

2、 Market analysis

Figure: comparison of the price trend of acetone and isopropanol in February April

Overall, the domestic isopropanol price rose this month. The market price was relatively stable in early April. The price of isopropanol was slightly reduced since April 6. After 10, the inventory of the plant was low. Some factories did not offer foreign prices. The market price of isopropanol began to rise to the end of the month. International side April 27, the United States isopropanol closed down, European isopropanol market closed slightly higher. Up to now, the domestic Shandong isopropanol negotiation interval is about 8900-9200 yuan / ton, and Jiangsu isopropanol negotiation interval is about 9350-9500 yuan / ton. The negotiation interval of isopropanol in Zhejiang is 9200 yuan / ton.

In terms of raw acetone, the focus of domestic acetone market in this month has shifted down. At the beginning of the month, the average domestic acetone price is 8700 yuan / T, and the average price at the end of the month is 8250 yuan / T, and the price in the month falls by 5.17%. With the downward shift of acetone price, the starting rate of isopropanol will be increased in May.

In terms of raw propylene, the market price rose slowly in early April, with the quotation increasing by about 50 yuan / ton on average every day, while the price rose steadily at the beginning of June. The price started on the 16th day rose steadily at the rate of 50 yuan / ton every day, and began to stabilize on the 23rd. The price of the raw propylene decreased by about 50 yuan / ton on the 26th, and the daily decline of about 150 yuan / ton on 27 and 28 days. The current market transaction is between 8150-8700 yuan / ton, The main price is about 8250 yuan / ton. On April 20, the foreign market of American propylene was down again significantly, which may have some influence on the domestic market. The price of propylene in Asia has been stable recently, which has little influence on the propylene market. There is no pressure on the stock of propylene market, and some units are still under maintenance. The supply of goods in Shandong Province is slightly tense.

3、 Post market forecast

According to the analysts of isopropanol, the chemical branch of business society, the focus of domestic isopropanol market is up, the inventory of the factory is low and the price is slightly increased. Traders are more cautious in taking goods, more on-site and on-site, downstream customers mainly purchase on demand, and the market offer of isopropanol has been higher, but the transaction is relatively small. It is expected that the market price of isopropanol will be stabilized temporarily in the short term.

1、 Price trend

According to the price monitoring of the business association, on April 26, the average price of salicylic acid (industrial grade) by mainstream manufacturers was 14500 yuan / ton, up 0.23% from the beginning of the week and 1.16% from the same period last year.

2、 Market analysis

In April, the salicylic acid market rose, but the range was not large. The mainstream manufacturers continued to ship steadily, and most traders adjusted their quotations in a narrow range according to the shipping situation, and the range was below 500 yuan / ton. The price of raw material phenol continued to rise, rising by about 4.45% in the month. The cost support was good, which boosted the market sentiment. At present, the export of salicylic acid is normal, the manufacturers continue to receive new orders, the domestic sales are relatively stable, and the downstream just need to prepare goods before the festival, so the market as a whole is relatively stable. As of April 26, the average price of salicylic acid (industrial grade) mainstream manufacturers was 14500 yuan / ton. The quotations of industrial grade enterprises were mostly in the range of 13000-15500 yuan / ton, the quotations of pharmaceutical grade enterprises were mostly in the range of 23000-25500 yuan / ton, and the quotations of sublimation grade enterprises were mostly in the range of 15000-20000 yuan / ton.

enterprise date Industrial grade Medical grade Sublimation level

MaoYuan chemical April 26th 15000 yuan / ton 24000 yuan / ton 20000 yuan / ton

Dedicated chemical industry April 26th 13000 yuan / ton 25500 yuan / ton 19500 yuan / ton

Xinhualongxin April 26th 15500 yuan / ton 25500 yuan / ton 18500 yuan / ton

Yan Ying chemical April 26th 10000 yuan / ton 23000 yuan / ton 15000 yuan / ton

Diduo chemical April 26th 14000 yuan / ton — 18500 yuan / ton

Chifeng puliter April 26th 12700-12800 yuan / ton — 17200-17300 yuan / ton

Ganzhou MaoYuan Pharmaceutical Co., Ltd April 26th 13000 yuan / ton — – Shandong Runmei April 26th 13600 yuan / ton — – In terms of raw materials, the reference price of phenol was 8920.00 on April 23, up 4.45% compared with 8540.00 on April 1. Last week, the domestic phenol market continued to rise, and the focus of negotiation was firm, with the offer of nearly 9000 yuan / ton. With the arrival of port ships, the price was high, the terminal inquiry was poor, the supplier’s shipment was general, and the focus of negotiation on site was slightly persistent. It is expected that the domestic phenol market will run smoothly.

3、 Future forecast

Salicylic acid analysts of business news agency think: at present, the raw materials continue to rise, the supporting force is acceptable, the export and domestic markets are relatively stable, the manufacturers’ shipment is good, the prices are stable, some enterprises have a narrow rise, the overall market fluctuation is not much, and it is expected that the market will maintain stable operation in the short term.