1、 Price trend of epichlorohydrin

 

(Figure: p-value curve of epichlorohydrin product)

 

2、 Market analysis

 

According to the data of the business club’s block list, as of March 9, the average price quoted by epichlorohydrin enterprises was 11866.67 yuan / ton, up 5.01% compared with the price at the beginning of the month, up 8.87% compared with February 9, and down 5.07% compared with January 1.

 

The market price of epichlorohydrin has risen since the beginning of March. At present, the price of propylene is rising, and the cost support of epichlorohydrin is strengthened. The market attitude of price support in the market appears, and the focus of market negotiation moves up. However, the downstream buying is just needed, and the market atmosphere is deadlocked.

 

As of March 8, the market price of propylene in Shandong has obviously picked up. According to the price chart of the business club, affected by the upstream and downstream, the propylene price rose again and again in the second half of February, which was at a high level for many years. It remained stable at the end of the month and the beginning of the month. The price began to decline on the 4th. Today, the price generally rebounded, up 100-150 yuan / ton. Now, the market transaction is between 8350-8650 yuan / ton, and the mainstream price is about 8350 yuan / ton.

 

As of March 8, the downstream epoxy resin has been running as a whole in the high level section. Bisphenol A, the raw material, has stopped falling and rebounded, cost support has been strengthened, and manufacturers’ mentality has been supported. However, downstream companies are cautious about high prices and maintain just need replenishment. At present, the price reference of East China liquid epoxy resin negotiation is 31000-32000 yuan / ton.

 

3、 Future forecast

 

According to epichlorohydrin analysts of business news agency, at present, the holding companies are pushing up, and the downstream just needs to purchase. The inquiry is slightly general. However, supported by the high level of raw materials, it is expected that the epichlorohydrin market may be deadlocked in the short term, and more attention should be paid to the market information guidance.

Thiourea

1、 Price trend

 

According to the data of business news agency’s block list, the price trend of cryolite market in Henan this week was stable. At the weekend, the average price of cryolite market in Henan was 6366.67 yuan / ton, up 6.65% month on month and 6.70% year on year.

 

2、 Market analysis

 

This week, the domestic price of cryolite remained stable as a whole, the regional manufacturers’ devices were operating normally, and there was no obvious fluctuation in the external quotation. As of the 5th, the ex factory quotation of cryolite in Shandong was 5500-6800 yuan / ton, and that in Henan was 5000-6500 yuan / ton, which was stable compared with last week. According to the plant operation of manufacturers in Henan Province, Zhengzhou Tianrui grain Co., Ltd. has a capacity of 30000 tons / year, about 70% of the plant has started operation, Jiaozuo Minli Industrial Co., Ltd. has a full plant load and normal operation, and Zibo Kunyu industry and Trade Co., Ltd. in Shandong Province has an annual capacity of 40000 tons of cryolite, and the plant has no shutdown plan. At present, the cryolite market has sufficient inventory, the downstream demand is general, and the transaction is fair.

 

In terms of downstream electrolytic aluminum, this week’s price trend rose first and then fell, with an overall rise of 0.35% in the week. The main aluminum futures contract rose by more than 4% in 3 days, which promoted the spot market to rise. As the downstream gradually returned to normal, the aluminum consumer demand was better, the consumer side support was strong, and the aluminum market trend was on the rise, which had a positive impact on the cryolite industry. On the upstream side, domestic fluorite prices rose slightly this week, up 0.20% in the week. At present, the supply of fluorite in the fluorite yard is tight, and the start-up of mines and flotation units remains low. In the later stage, fluorite prices may rise slightly.

 

3、 Future forecast

 

At present, the operation of domestic cryolite manufacturers is normal, the market supply is sufficient, and the demand of downstream aluminum industry is good, supported by good news. In the later stage, the market of cryolite may be slightly increased, with specific attention to the market demand.

Thiourea

1、 Price trend

 

According to the monitoring data of the business community, the average price of PS (GPPS 525) was 10700 yuan / ton on March 1 at the beginning of this week, and 10866 yuan / ton on March 5 at the end of this week, an increase of 1.56%, up 19.41% compared with the same period last year.

 

2、 Market analysis

 

Styrene futures shock lower impact, strong market risk aversion, low interest in downstream inquiries. Profit plate continued to reduce prices and shipping, driving the market center to continue to move down, the transaction situation was general.

 

PS part of the ex factory price rise, driving some brands to move up the center of gravity, but the deal was weak. There is a certain pressure on PS inventory on the supply side, but the parking of Zhanjiang new Sino US PS plant and the parking of some PS production lines of CITIC Guoan can offset the increment of one production line restarted by Lvan Qingfeng. Due to the large cost pressure and the general resumption of work, the purchase volume of small and medium-sized downstream enterprises is small, and it is difficult to increase the volume of transactions on the floor most of the time.

 

3、 Future forecast

 

At present, workers are returning to work in early March, and the demand of small and medium-sized downstream is expected to gradually recover. Due to the large price difference between PS raw materials and recycled materials in northern China, or the impact of PS raw materials on the demand for recycled materials, it is estimated that the benzene permeability in East China market will be 10300-14000 yuan / ton.

Thiourea

1、 Price trend

 

The domestic propylene (Shandong) market held steady at the beginning of the week and fell at the end of the week, according to the data of the business club’s block list. At the beginning of the week, the weekly high price was 8544 yuan / ton, while at the end of the week, the weekly low price was 8373 yuan / ton, with a weekly decrease of 2.00%.

 

2、 Analysis and comment

 

According to the price chart of the business society, affected by the upstream and downstream, the propylene price rose again and again in the second half of February, which was at a high level for many years. It remained stable at the end of the month and the beginning of the month. The price fell on the 4th. Today, the price continued to decline significantly, dropping by 100-200 yuan / ton. At present, the market transaction is between 8200-8600 yuan / ton, and the mainstream price is 8200-8300 yuan / ton. The impact of low temperature still exists in the United States and the capacity recovery is general; the impact of propylene in Japan is reduced and the capacity recovery is slight.

 

It is reported that OPEC + may extend the production reduction, and the crude oil price rose sharply on March 4, which has certain support for the cost of propylene.

 

This week, the price of PP rose steadily after the decline, with a weekly decline of 0.35% and a weekly amplitude of 1.06%. The futures market is general, with limited impact on C.

 

The price of acrylic acid continued to rise this week, with a weekly increase of 3.85%, which had a certain positive impact on propylene.

 

Propylene oxide market rose slightly in the second half of this week, with a weekly increase of 0.71%, which had little impact on propylene.

 

Epichlorohydrin market rose significantly at the beginning of this week and then stabilized, with a weekly increase of 3.54%, which has a certain pulling effect on propylene.

 

This week, the domestic n-butanol price plummeted, with a weekly decline of 5.29%, which significantly suppressed the propylene market.

 

Octanol trend this week fell at the end of the week, with a weekly decline of 3.52% and a weekly amplitude of 3.92%, which had a negative impact on propylene to a certain extent.

 

Isopropanol prices had a slight downward trend this week, with a weekly decline of 0.69%, which had a slight negative impact on propylene.

 

The phenol Market in East China was stable after rising this week, with a weekly increase of 1.16%, which had a slightly positive impact on propylene.

 

The acetone market in East China was stable this week, with little impact on propylene.

 

3、 Future forecast

 

The propylene analyst of Shangshe chemical branch thinks: on the whole, the international production has recovered slightly, the domestic inventory is not much, the crude oil price has gone up sharply, the downstream operating rate is acceptable, and the effect of pulling up is not obvious, and the propylene has reached a high level recently, so it is expected that the propylene market will stop falling and pick up in the future.

Thiourea

According to the data monitoring of the business agency, as of March 4, the average factory price of butanone in the domestic market was 8500 yuan / ton, which was 266 yuan / ton lower than that on March 1 (8766 yuan / ton), a decrease of 3.04%. Compared with the price on February 1 (reference average price of butanone 7116 yuan / ton), the average price increased by 1480 yuan / ton, or 20.84%.

 

Butanone market rose sharply in February, with a monthly increase of nearly 18%

 

After the end of the Spring Festival holiday, the domestic butanone market rose sharply. After the festival, the domestic downstream demand for butanone recovered slowly. The sharp rise in price was mainly due to the support of traders’ transactions and the increase in export orders. The inventory of butanone was low after the festival, and the price was all the way after the festival. On February 28, the average factory price of butanone in China was 8400 yuan / ton, which was the same as that in the butanone market before the festival Compared with the reference price of 7100 yuan / ton, the price increased by nearly 18%.

 

According to the business news agency, the following is the reference price of butanone in some parts of China in February

 

Product growth rate: from February 11 to February 28

Butanone ﹥ 7000 yuan / T ﹥ 8400 yuan / T + 1400 18%

Butanone ﹣ 7200 yuan / ton ﹣ 8800 yuan / ton + 1600 20%

Butanone demand is in a state of fatigue

 

On March 1 and 2, the market of butanone in Shandong continued to maintain a strong upward trend. The actual turnover of the market was general, the support of export was still good, and the overall inventory pressure of the factory was small. However, the domestic downstream factories’ order volume was extremely low, and the demand was mainly used as soon as they were purchased. In addition, in terms of raw materials, the price of C4 after ether dropped slightly, and the cost support for butanone was loose. On March 3 and 4, butanone’s demand dropped The ketone market was weak, and the factory offer price was lowered continuously. The daily adjustment range was around 100-200 yuan / ton. The transaction was still low, and the trading atmosphere was relatively cold. As of the 4th, the reference average price of domestic butanone ex factory price was 8500 yuan / ton, which was 266 yuan / ton lower than the price on the 1st of this month, a decrease of 3.04%.

 

Weak support point, short-term butanone market remains downside risk

 

At present, the downstream demand for butanone has not been significantly improved. Domestic traders are more cautious in goods preparation. In the future, if the international butanone plant resumes operation, the export of butanone will decrease. In the short term, the effective support point of butanone trend is slightly weak. Therefore, the butanone data analysts of the business community believe that the domestic butanone market in the near future will remain stable Save downside risk, specific market also need to pay more attention to changes in demand for downstream raw materials.

Thiourea